OOCL Hong Kong’s Maiden Call to Hong Kong
OOCL Hong Kong, the third largest cargo container ship in the world, docked in the port of Hong Kong for the first time on Thursday.The Hong Kong-based container shipping and logistics service company Orient Overseas Container Line (OOCL) said in a press note that the vessel was warmly welcomed at Kwai Tsing Container Terminal V by many friends, colleagues, and the community who went to marvel at one of the world’s largest containerships with a carrying capacity of 21,413 TEU.The vessel’s debut to the city of Hong Kong…
Cosco Completes US$3bn Peru Port Deal
Hong Kong-based international port operator Cosco Shipping Ports has completed the equity transaction of project company responsible for its greenfield subsidiary at the Port of Chancay, Peru.With the equitytransaction of the Project Company was officially completed on 10 May 2019, Port of Chancay became the company’s first greenfield subsidiary in South America and COSCO Shipping Ports plans to developing the port to an important gateway port in South America.In January 2019…
Container Terminal Operators Forms Hong Kong Seaport Alliance
Hongkong International Terminals Limited, Modern Terminals Limited, COSCO-HIT Terminals (Hong Kong) Limited, and Asia Container Terminals Limited jointly announced the formation of the Hong Kong Seaport Alliance (The Seaport Alliance).The joint operating agreement designed to deliver more efficient service offerings to carriers that call Hong Kong, while enhancing the overall competitiveness of the Port of Hong Kong across the region.The Seaport Alliance will offer a total of…
14,000-TEU ONE Aquila Delivered
Ocean Network Express Pte. Ltd. (ONE) announced it has taken delivery of the 14,00 TEU capacity ONE Aquila at Japan Marine United Corporation’s Kure Shipyard in Hiroshima.
APL Adds New Iraq Port Call
The provider of container shipping and global transportation services APL has announced that the Gulf Asia Express 2 (GA2) service will soon be calling the port of Umm Qasr.The CMA CGM=owned company said that the service will also make a second call to Jebel Ali during the return leg of its service rotation to Asia. These developments demonstrate APL’s commitment to continuously provide market connectivity between the Far East and Middle East.The enhanced GA2 service is primed…
CMA CGM to Reshuffle its CIMEX 6 Service
CMA CGM announced the revamping of dedicated CIMEX 6 service linking Asia and the Middle East Gulf with Umm Qasr call replacing Bandar Abbas as from Shanghai ETA on August 6th, 2018.With CIMEX 6, CMA CGM will offer a direct service from Asia to Umm Qasr, Iraq.The new features will be the following: Rotation: Shanghai-Ningbo-Taipei-Shekou-Tanjung Pelepas-Port Kelang-Jebel Ali-Umm Qasr-Jebel Ali-Port Kelang-Hong Kong-ShanghaiService commencement: August 6th, 2018 (ETA Shanghai) with m/v EVER USEFUL voy.0GN13W1MA.Transit times references: Shanghai to Umm Qasr in 24 days…
Ocean Alliance Launches Day Two Product
The Ocean Alliance has launched its new Day Two Product with an estimated 3.6 million TEU carrying capacity provided by approximately 340 containerships deployed on 41 services. The new offering will commence in April 2018. Alliance partners CMA CGM, COSCO, Evergreen and OOCL will offer 20 Transpacific services, six Asia-Europe services, four Asia-Mediterranean services, four Transatlantic services, five Asia-Middle East services and two Asia-Red Sea services. “Ocean Alliance…
Sri Lanka, China Ink Deal to Develop Southern Port
Sri Lanka will take part in a joint venture with China Merchants Port Holdings Company Limited to develop a port in its south, where China has also been offered an investment zone. The cabinet approved a plan under which Sri Lanka will lease 80 percent of the Hambantota port to Hong Kong-based China Merchants Port Holdings Company for 99 years for $1.12 billion, a government document showed on Wednesday. China Merchants Port Holdings Company will make a $5 million payment as a security deposit upon signing the agreement, which the government expects to do on Jan. The company will pay 10 percent of the $1.12 billion within one month, and the remaining 90 percent within six months of signing the transaction documents.
Port Of Hong Kong Volumes Down
Hong Kong port recorded a 16% overall throughput drop in February to 1.2m teu from 1.4m teu in previous corresponding period, accelerating from the 9.6% drop seen in the first month of the year. The container turnover at port since the beginning of 2016 decrease by 12.5% yoy and amounted to 2.86 million TEU. The negative container throughput into the port happened on the background of Chinese economy delay and bad economic environment in the region. Throughput at the main Kwai Tsing terminals was especially hard hit during the holiday-shortened and traditionally slow month…
MOL Launches Additional Indian Run
Mitsui O.S.K. Lines (MOL) announced launch of the new China/West Coast India service (CIS). This new service is in addition to MOL’s existing Nhava Sheva Karachi Express (NKX) service which together will enhance coverage between ports in India and China, Singapore, Malaysia and Sri Lanka.
Total Lubmarine Celebrates 25 years' Asia-Pacific service
Increased demand for marine lubricants in the Asia-Pacific region has underpinned the growth of Total Lubmarine’s Hong Kong office which this year celebrates 25 years of service to ship operators across the region. Today, Asia represents more than 50% of Total’s lubricants sales across all segments. Total Lubmarine’s Hong Kong office is a key part of the company’s Asian infrastructure. The company’s Hong Kong story began in 1990 when Elf Lubricant Hong Kong Ltd was established…
DP World, Emirates Shipping Launch GLX
DP World and Emirates Shipping Line (ESL) today announced the launch of a new shipping service GALEX (GLX), a consortium of four vessel operators – ESL, KMTC, RCL and Hanjin. GALEX consists of seven vessels with a capacity of 6,500 TEUs each and reinforces Cochin Port’s position as a transshipment hub with state-of-the-art facilities available to customers. The announcement coincides with the maiden call of a GALEX service at the International Container Transshipment Terminal (ICTT), Cochin today.
No Signs of Improvement in Container Rent Seen: Cosco Pacific
Cosco Pacific said it has seen no signs of a pick-up in the container leasing market, as oversupply continues to haunt the liner industry. Executive director Feng Jinhua said that the container leasing business has showed a down trend since 2012 and hovered at a low level. The rent level in the first quarter saw a slight decrease as compared to the same period of last quarter, and no signs of improvement have been sen so far. A turnaround of the down trend is hard to be seen in the short term, Feng predicted.
China Merchants, Hastings, Lease Australian Coal Port
Hastings Funds Management and China Merchants Group have won a state government auction for a 98-year lease on Australia's Port of Newcastle, the world's biggest coal export terminal, paying a higher-than-expected A$1.75 billion ($1.6 billion). An initial New South Wales state budget plan had valued the lease on the port terminal at A$700 million, but fierce competition for Australian infrastructure assets coming on to market has seen a steady rise in multiples paid. The winning bid for Newcastle port came in at 27 times earnings…
Hong Kong Strike Impairs Ship and Container Reliability
Ship-level and container-level reliability Key Performance Indicators (KPIs) decreased in the second quarter of 2013, according to Drewry’s quarterly report Carrier Performance Insight, just published. Despite improvements in East-West trade reliability, the average on-time performance of containerships across all trades covered declined to 70.5%, down from 72.8% in the first quarter. The average on-time performance has now declined for two consecutive quarters and the latest result was the worst since the first quarter of 2012 (69.3%) and was 2.8 percentage points lower than recorded in the same quarter last year. It was expected that…
Hong Kong Container Terminal Strike Latest
The High Court in Hong Kong has ruled in favour of extending the temporary injunction, but acknowledges the workers' right to strike. According to the ITF, the injunction against the Union of Hong Kong Dockers (HKDU) aims to halt action at the Kwai Tsing Container Terminal in the Port of Hong Kong, where the Industrial action began on 30, March 2013. The strike is seen as a last resort measure by the union in their attempts to secure transparent, good faith dialogue with their employer Hong Kong International Terminals (HIT)…
ITFShow Support for Striking Hong Kong Dockers
The ITF (International Transport Workers' Federation) spoke out against a temporary injunction that throws out striking dockers from Kwai Tsing Container Terminals, Port of Hong Kong. On January 30, the ITF Hong Kong Dockers Coordinating Committee comprised of Hong Kong Storehouses, Transportation and Logistics Staff Association (HKSTLSA), the Union of Hong Kong Dockers (UHKD) and the Hong Kong Docks and Ports Industry Unions (HKDPIU) called for dialogue with Hong Kong International Terminals (HIT) and its subcontractors over decent working conditions for all workers regardless of their employment status. In response to a lack of dialogue from the company and its disregard for the union's call for pay parity…
Bunker Supplier Aegean Expands to Hong Kong
Greek-based Aegean Marine Petroleum Network Inchas to offer oil fuel bunker supply service in Hong Kong. New York-listed interntaional bunker supplier Aegean Marine Petroleum Network Inchas announce plans to expand its global network for the physical supply of marine fuel by establishing operations in Hong Kong. Aegean says that it expects to initially deploy one double-hull bunkering tanker to its new service centre in Hong Kong, from Singapore, by 30 September, noting that Hong Kong generates about 5-million tonnes in annual marine fuel sales. The company’s president, Nikolas Tavlarios, said, "We are pleased to once again expand our global network for the physical supply of marine fuel by strengthening our strategic presence in the Far East.
Hong Kong Cargo Throughput Up in Q1 2012
The HK Census and Statistics Department (C&SD) has released statistics on vessels, port cargo and containers for the first quarter of 2012. In the first quarter of 2012, total port cargo throughput increased by 3% over a year earlier to 64.5 million tonnes. Within this total, inward port cargo recorded virtually no change at 35.9 million tonnes, while outward port cargo increased by 7% to 28.6 million tonnes. Within port cargo, seaborne cargo increased by 4% over a year earlier to 44.9 million tonnes, while river cargo also rose by 1% to 19.7 million tonnes in the first quarter of 2012. On a seasonally adjusted quarter-to-quarter comparison, total port cargo throughput decreased by 1% in the first quarter of 2012.
Hamburg Süd Expands Presence in the Asia-India/Pakistan Trade
Effective from 5 January 2011, Hamburg Süd will expand its presence in the trade between Asia and India/Pakistan by joining the new service operated in cooperation with Evergreen and Simatech. The new service (ASIP 2) will deploy 6 x 2,700 TEU (nominal) vessels and has the following port rotation: Xingang – – – – Hong Kong – – Tanjung Pelepas – Port Kelang – Nhava Sheva – – – Port Kelang – Tanjung Pelepas – – Xingang. With the calls in Xingang, and , ASIP 2 will complement the already existing service (ASIP 1) which likewise deploys 5 x 2700 TEU (nominal) capacity and has the following port rotation: – – Hong Kong – – Port Kelang – Nhava Sheva – Pipavav – – Port Kelang – – Hong Kong – .
APL Joins Clean Air Program in New York Harbor
APL volunteered to burn cleaner fuel in every vessel calling at the ports of New York and New Jersey. The agreement is part of a Port Authority program designed to curb emissions in New York Harbor. Under the plan, APL vessels will use low-sulfur fuel in auxiliary generators while berthed. “We have been leaders in implementing clean-air measures on our ships,” said Gene Seroka, APL President in the Americas. Earlier in October, APL joined a low-sulfur fuel program at the Port of Hong Kong. It has long been part of similar programs at the ports of Los Angeles, Oakland, Seattle and Vancouver, British Columbia. The Port Authority will reimburse 50% of the added cost APL incurs. Low-sulfur fuel is more expensive to burn.
Hamburg New Joint Service
The handling of the Xin Hong Kong at the Eurogate Container Terminal Hamburg (CTH) on 17 July 2009 marked the start of a new weekly container line service that links northern Europe with the Far East. Under the auspices of the new joint service the Chinese company China Shipping Container Line (CSCL) and the Taiwan-based Evergreen Line are cooperating in these waters for the first time. The new AEX-1 / CEM service will be using four CSCL ships, each with a capacity of 9,600 TEUs, and four Evergreen vessels with a capacity between 7,000 and 8,000 TEUs.
Hong Kong Joins U.S. Customs CSI
Robert C. Bonner, Commissioner of the U.S. Customs Service, today announced the signing of a declaration by Hong Kong to join the Container Security Initiative (CSI), a key U.S. Customs initiative designed to prevent global sea cargo from being exploited by terrorists to inflict harm on America and other nations of the world. "I applaud the government of Hong Kong for joining the U.S. Customs Service Container Security Initiative. Hong Kong has taken a very important step towards securing the global supply chain of trade, from Asia to the United States," said Commissioner Bonner. Launched by U.S. Customs in January 2002, the CSI is designed to enhance the security of global maritime shipping, a vital link in world commerce.