ZIM Back into Black
Israeli international cargo shipping company ZIM Integrated Shipping Services continued to record improvements and to expand its global network to its customers confronting challenging business environment.ZIM has reported a net profit of USD 5 million for the third quarter of 2019, after returning to black in the second quarter of the year. (Compared: Net loss of $6.6 million in Q3 2018).Eli Glickman, ZIM President & CEO, said: “In spite of the challenging market conditions, ZIM continued to record improved results in Q3, as it did throughout 2019.
MSC Appoints Toft as CEO of Cargo Business
Swiss headquartered container shipping group MSC has appointed Soren Toft as the new chief executive officer of its cargo business from rival company A.P. Moller Maersk, an MSC spokesman said on Monday.A start date for Toft has yet to be determined, the spokesman said.Maersk, the world's biggest container line, said last week that Toft, who had served as its head of operations, had decided to leave the company to pursue outside opportunities.MSC is the world's second-largest container shipping line and is seen by industry watchers as a challenger to Maersk's position.
Maersk: Container Outlook Uncertain
Incidents involving container ships, although not new, have made the news much more frequently of late. In 2011 the Container Incident Notification System (CINS) was established to allow container ship owners to self-report incidents that might be of concern the other members of the group, and today CINS has 17 vessel owner members.The cases of the Yantian Express, Maersk Honam, MSC Flaminia, MSC Daniela, are some of the most recent examples of container ship fires. The rise in the rate of container ship fires…
Maersk COO Søren Toft Leaves Company
Chief Operating Officer (COO) Søren Toft has decided to pursue another opportunity outside the company and will leave A.P. Møller - Mærsk A/S effective today. CEO Søren Skou will take on the responsibilities of the COO in the interim.The Executive Board will hereafter consist of Søren Skou, Carolina Dybeck Happe, Vincent Clerc, and Morten Engelstoft.Søren Toft joined A.P. Møller - Mærsk in 1994 and became a member of the Executive Board in December 2017.
Maersk Tests Containerized Battery System
Danish shipping giant Maersk will install a containerized 600 kWh marine battery system on board the 4,500 TEU Maersk Cape Town in December 2019 to improve vessel performance and reliability while reducing CO2 emissions.“This trial will provide a greater understanding of energy storage that will support Maersk in moving towards further electrification of its fleet and port terminals. Maersk will continue to facilitate, test, and develop low-carbon solutions on our journey to become carbon neutral by 2050…
Xeneta Expects Further Disruption in Container Rates
Further disruption in ocean freight rates expected despite best efforts from leading carriers, according to Xeneta Container Rates Alert.Long-term contracted ocean freight rates for carriers continued their downward trend through the month of October, it pointed out.The latest freight data from the XSI Public Indices report from Xeneta shows a continued drop in contracted freight rates as the industry heads into the key seasonal months.Rates on a number of key routes have continued a steady downward slide since early summer but have yet to fall below the levels seen one year ago…
Maersk Join Forces to Develop LEO
A.P. Moller - Maersk alongside with Wallenius Wilhelmsen, BMW Group, H&M Group, Levi Strauss & Co. and, Marks & Spencer to explore LEO - a blend of lignin and ethanol - that could be part of the future solution for sustainable shipping.From the phone, tablet or computer you are reading this on, to the fruit you eat, the trousers you wear or the car you drive, around 80% of the goods you use every day are delivered to you by sea. Shipping accounts for 2-3% of global CO2 emissions, a proportion that is set to increase as global trade continues to grow at a sluggish but steady pace. As such, this industry has an urgent need to reduce its environmental impact.Maersk and Wallenius Wilhelmsen have teamed up with Copenhagen University and major customers including BMW Group…
Maersk Develops Ship Fuel from Alcohol
Danish shipping conglomerate A.P. Moller - Maersk has joined forces with Wallenius Wilhelmsen, BMW Group, H&M Group, Levi Strauss and Marks & Spencer to explore LEO, a blend of lignin and ethanol, as a potential future sustainable shipping fuel.The LEO Coalition, which also includes Copenhagen University, will consider the environmental and commercial viability of LEO fuel for shipping. Shipping accounts for 2-3% of global CO2 emissions, a proportion that is set to increase as global trade continues to grow at a sluggish but steady pace.
The Quest to Develop IMO 2020 'bio' Fuels
Top shipping, retail and transport companies are looking to develop an alternative marine fuel which aims to reduce carbon emissions from ships, in another step to push the sector to go green.International shipping accounts for 2.2% of global carbon dioxide emissions, according to the International Maritime Organization (IMO), more than aviation's 2% share.The IMO, a United Nations agency, has said it aims to halve greenhouse gas emissions from 2008 levels by 2050.Investor and activist pressure is prompting companies to look to speed up reducing the industry's carbon footprint.Denmark's A.P.
Hamburg, India Sea Trade Up by 17%
In the 2019 first half, 106,000 TEU - 20-ft standard containers - were handled in Hamburg on direct services with Indian ports, a gain of 17 percent. This brought India up into tenth place in Hamburg’s ranking of its trading partners for container transport.With Hapag Lloyd and its partner shipowners ONE, YML and COSCO offering an additional weekly sailing from Hamburg on the IEX - South-East India–Europe Express service from November onwards, the prospects for further growth are good.Ten liner services link the Port of Hamburg with India.
Norsepower Rotor Sails Saves Fuel
Finnish technology company Norsepower, along with project partners Maersk Tankers, Energy Technologies Institute (ETI) and Shell International Trading and Shipping Company Ltd., announced successful trial results of two Norsepower Rotor Sails onboard the Maersk Tankers product tanker, Maersk Pelican.The Rotor Sails are large, cylindrical mechanical sails that spin to create a pressure differential, the Magnus Effect, that propels the vessel forward; in this instance a Maersk Tankers’ Long Range 2 (LR2) product tanker vessel…
Study: Achieving Net Zero Impacts OPEX not CAPEX
A joint Lloyd’s Register (LR) and A.P. Moller – Maersk study assessing the transition to zero carbon fuels has found that the cost of transport will rise – not because ships themselves will require greater levels of investment but because new fuels are projected to be significantly more expensive than existing fossil solutions which will lead to increased operating costs.According to the study partners, achieving net zero is therefore an operating expense (OPEX) not a capital expenditure (CAPEX) challenge.
CAA Welcomes MSC 's Shelving Arctic Routes
Clean Arctic Alliance has welcome MSC Mediterranean Shipping Company's decision to avoid Arctic shipping route as a new short cut between northern Europe and Asia.Clean Arctic Alliance lead advisor Dr Sian Prior was responding to the announcement that shipping company MSC “will not explore or use the Northern Sea Route between Europe and Asia for container shipping” and that it believes that shipping lines should focus on reducing the environmental impact of existing shipping…
Maersk Lifts 2019 Profit Forecast; Shares Rise
Danish shipping company A.P.
Interview: Tore Morten Olsen, President Maritime, Marlink
Tore Morten Olsen, President Maritime, Marlink, discusses the pace and direction of high speed comms in maritime.Using metrics of your choice, put in perspective where we are today in terms of getting shipowners to adopt high speed communication solutions.The term broadband has been used in the maritime industry for at least a decade and if we are to follow the FCC’s definition which was upgraded to 25mbps from 4mbps (download) in 2015, then those high speed internet services are nothing of the sort.However, everything is relative.
Terminal Operator GCT Signs on to TradeLens
Global Container Terminals (GCT) will deploy the IBM-Maersk TradeLens platform at its four North American terminals.GCT operates four strategically located, big ship ready terminals on the west and east coast of North America. A leader in technologically advanced terminal operations, no company is more prepared to keep pace with the changing needs of global supply chains than GCT.In the Port of Vancouver, GCT Canada is the heart of the Asia-Pacific Gateway. GCT Deltaport is Canada’s largest marine terminal…
Maersk Tankers Names 18th MR Unit
Danish tanker owner and operator Maersk Tankers held a naming ceremony for Maersk Curacao, its eighth MR unit being delivered by Samsung Heavy Industries (SHI)."SHA122 becomes Maersk Curacao: Our latest newbuilding received its name during a traditional naming ceremony at Samsung Heavy Industries shipyard in Ningo, China," said a Twitter message from Maersk Tankers."Maersk Curacao is number 18 out of 19 MR newbuildings and will be delivered to our fleet in the near future," it added.Like the sister ship Maersk Crete…
INSIGHTS: Michael G. Johnson
Sea Machines Robotics CEO & President.Michael Gordon Johnson is a marine engineer, an accomplished entrepreneur and sector leader with a primary goal of building progressive and sustainable innovation for modern society. He is the founder of Sea Machines, a Boston-based tech company that is a leading provider of autonomous control and intelligent perception systems for marine vessels. Johnson earned a marine engineering degree from Texas A&M University before starting a career focused on complex projects in offshore oil and gas, marine transportation and salvage.
SHORTSEA SHIPPING: All the Right Moves (Finally)
Marine Highways Gain Traction in the Intermodal Supply Chain.In the United States, landside infrastructure is at a crisis point. Congestion at the big hub ports, exacerbated by imperfect intermodal interfaces with surface transport serving cargo hinterlands is at the heart of the matter. As politicians bicker over a possible infrastructure package, the Highway Trust Fund, funded by taxes on gasoline and diesel fuel, has continued its downward journey towards further deficits (now $144 billion). And, where countless U.S.
APM Terminals Appoints Dennis Lenthe Olesen as MD
Effective January 1, 2020, Dennis Lenthe Olesen, currently Global Head of Operations at APM Terminals, will assume the role of Managing Director for APM Terminals Nordics.This joint management structure will enable APM Terminals Aarhus and Gothenburg to strengthen collaboration and unlock operational synergies. The terminals will remain separate legal entities in Denmark and Sweden.“I am pleased to announce Dennis in this new and exciting role, as we embark on an important journey of unlocking further synergies between our two terminals and strengthening collaboration in the Nordics area”…
Autonomous Shipping – Cyber Hazards Ahead
If autonomous vessels are the future of maritime shipping, then cyber threats may be its Achilles heel. Congested shipping, restricted visibility, limited maneuverability, and intensive docking activities all contribute to port hazards – 42 percent of EU reported marine accidents (injury/death/damage to ships) took place in port areas and 44 percent of workboat fatalities occurred on Tugs. Autonomous shipping should provide numerous benefits including increased safety by relieving crewmembers of unsafe and repetitious tasks.
Cargill, Maersk & Mitsui to Collaborate on Emissions
Cargill, Maersk Tankers and Mitsui & Co. have established a strategic collaboration to accelerate the reduction of global greenhouse gases (GHGs) within shipping. All three parties recognize the urgency required to tackle the global issue of climate change and are continually driving progress in their respective lines of business. Today, they are joining forces to accelerate these efforts and propel the maritime industry towards a more sustainable future.Together, the companies…