Norway SWF Dumps 3 Shipping Firms
The Norwegian Central Bank has decided to exclude ship owners Evergreen Marine Corporation, Precious Shipping, Korea Line Corporation and Thorensen Thai Agencies from the Government Pension Fund Global (GPFG). The exclusion is based on the companies’ poor management of their end-of-life ships and the sale of these for dirty and dangerous shipbreaking on the beaches of Gadani, Pakistan and Chittagong, Bangladesh. The Norwegian Council on Ethics directs the Norwegian Central Bank…
LR Issues Guide to Shipbuilding in South Asia
As shipbuilding nations in South Asia mature, Lloyd's Register's new guide provides an overview of over 80 shipyards and 18 ship designers in Bangladesh, India, Indonesia, Malaysia, the Philippines, Singapore, Sri Lanka, Thailand and Vietnam. Lloyd’s Register has issued the first Guide to New Construction in South Asia. The Guide provides an overview of the shipbuilding and ship design industry in the area. With shipbuilding in South Asia growing – in numbers of ships, in capacity and in capability, this Lloyd’s Register guide provides factual information from across the countries. The future is looking extremely bright for shipping and shipbuilding in the South Asia area.
South Asia Shining in Container Growth
Amid generally weak demand around the world the South Asia region is the shining light for container growth, says Drewry's Maritime Research. Growth in container shipping is becoming a rare commodity; global port throughput only increased by 1% in 2015 (the second lowest on record behind 2009) and the first quarter of 2016 was even worse with only a 0.5% rise. That the industry can point to any growth at all is largely down to strong volumes in the South Asia/Indian Subcontinent region…
NOL Key Senior Appointments
Neptune Orient Lines (NOL) Group President & CEO Ronald D. Widdows announced new senior management appointments to head the Group’s APL Logistics business unit and its South Asia Region organisation. Jim McAdam has been promoted and assumes the position of President, APL Logistics, the unit of the NOL Group that provides international supply chain capabilities for customers globally. He replaces Brian Lutt who recently left the Group to pursue other opportunities. McAdam is currently APL’s President South Asia Region and prior to that was President of the Asia/Middle East Region from 2006. From 2004 to 2006 he was NOL’s Senior Vice President, Business Solutions, responsible for developing and implementing supply chain solutions for some of the Group’s largest global customers.
Euro Tariff Conversion in the Europe - Oceania trade
With effect from April 1, Maersk Line will change the tariff currency from USD to Euro on its Europe - Oceania services. The change will apply to all shipments from Europe and North Africa for destinations in Oceania (Australia, New Zealand and the South Pacific Islands). The change is due to the volatility of the USD at a time where an increasingly high proportion of the line's costs are settled in Euro. The change will not apply to cargo originating in the Middle East and South Asia for destinations in Oceania nor will it be implemented in the northbound trade from Oceania to the Middle East, South Asia, and Europe. In these corridors we will maintain USD as our tariff currency.
Dumpers 2015 - Examples of Particularly Bad Practices
The worst dumper prize goes to IDAN OFER, son of shipping magnate Sammy Ofer. Idan Ofer owns QUANTUM PACIFIC GROUP and has a controlling stake in Israel’s largest publicly traded company, ISRAEL CORPORATION. Combined, these shipping companies sold the highest number of vessels for substandard breaking operations in 2015: nine in total, with six of them going to Bangladesh, where conditions are known to be worst. GREEK SHIP OWNERS sold the most ships to South Asian shipbreaking yards in 2015, with 87 ships in total.
German Shipowner Worst Global Dumper -NSP
German shipowner Ernst Komrowski topped the list of the worst global dumpers with 14 end-of-life vessels sold to the beaches, according to a press release from NGO Ship-breaking Platform (NSP). All of these were formerly part of the Maersk fleet and had been on a long-term charter with the Danish containership giant, which oppositely to Komrowski has a strict ship recycling policy for its own vessels. Second ranks South Korea’s largest container ship owner Hanjin Shipping with 11 ships, followed by Swiss-based Mediterranean Shipping Company.
Adani Ports to Expand Terminal with MSC
Adani Group turns its flagship port and India’s biggest commercial port at Mundra in Gujarat into a regional transhipment hub by partnering with Terminal Investment Ltd SA, the container terminal operating company majority owned by Geneva-based Mediterranean Shipping Co. SA (MSC), the world’s second biggest container shipping line. Adani Ports & SEZ Ltd (APSEZL), part of the Adani Group, said it will expand its existing terminal International Container Terminal Private Limited (AICTPL) at Mundra port to develop it into a transshipment hub.
Adani, Terminal Investment to Create Transhipment Hub at Mundra
Adani Ports & SEZ Ltd (APSEZL), part of the Adani Group, today said it will expand its existing terminal Adani International Container Terminal Private Limited (AICTPL) at its flagship Mundra port. AICTPL is a 50:50 JV with Terminal Investment Ltd, an arm of Swiss-based Mediterranean Shipping Company S.A, the second largest shipping liner in the world. The expansion is being carried out to create a transhipment hub for the Middle East, South Asia and India. Upon completion, AICTPL will emerge as India’s largest container terminal with a total quay length of 1…
South Asia Meet on Oil, Chemical Spill Contingency Plan
A meeting to update South Asia’s regional plan for oil and chemical pollution preparedness and response is underway in Male, Maldives (22-25 August), informs International Maritime Organization (IMO). Senior officials from Bangladesh, India, Maldives, Pakistan and Sri Lanka are sharing their national experiences and consolidating updates to the plan with a view to finalizing it. The event includes a regional training workshop on hazardous and noxious substance (HNS) spills preparedness and response.
Maersk Line's Improves Asia-West Coast South America network
Maersk Line's new and improved Asia-West Coast South America network gives an optimised service to Chile and Peru with faster transit times and direct connections. It also offers a new service with fast and direct connection to South Asia, the company said in its press release. Dean Rodin, Maersk Line Head of Latin America & Oceania trades introduced the improve AC network, between Asia and West Coast South America in a video supplied by the company. Maersk Line gives faster, more consistent services that bring Asia and West Coast South America closer together.
Maersk Line General Rate Increase
Maersk Line announced that unsustainable rates and continued improved demand led to rate increases effective 1 May 2009. The filed increases are as follows on eastbound services from Northern Europe, North Africa and Mediterranean to the Middle East and South Asia: - USD 100 per 20' dry container - USD 200 per 40' dry container The increase applies equally to all cargo and commodities, excluding reefers.
P&O Buys Stake In Indian Container Terminal
South Asia Ports Ltd., a subsidiary of British Shipping group P&0 has reportedly bought a 96 percent stake in the container terminal at India's Kandla port for $30 million. P&O plans a total investment of $80 million to upgrade facilities and set up a container yard in return for a 30-year operating lease.
Colombo Port Volumes Surpasses 2mln TEUs
Colombo International Container Terminals (CICT) has reported a throughput of two million TEUs for the 12 months ending 31 December 2016, a year-on-year growth of 28 percent in volume, enabling the Port of Colombo to register overall incremental growth during three consecutive years. Announcing the milestone achievement, CICT said ULCCs (Ultra Large Container Carriers) and VLCCs (Very large Container Carriers), many of a size that only the Colombo South Terminal is capable of handling, had contributed 70 percent to the volumes it achieved in 2016.
China Maritime Silk Road to Touch India for Namesake
Chinese officials on Saturday fleshed out some details for the country's ambitious 21st Century Maritime Silk Road (MSR) project in its “one belt, one road,” action plan. Though the plan released by China’s economic planning agency and the commerce and foreign affairs ministries, didn’t commit to specific projects, it has included Kolkata as the lone Indian port to figure in the final blueprint. China claims that the MSR is an initiative that aims to connect China's ports with ports in Vietnam, Malaysia, Indonesia, India, Sri Lanka, Greece and Kenya.
78% Ships Dismantled in South Asian Beaches
The list of all ships dismantled around the world in 2016, which the NGO Shipbreaking Platform has compiled and analysed, shows no improvements of the shipping industry’s management of its end-of-life vessels. Far from it: the Platform today releases data that indicate an increase in the number of ships sold for polluting and unsafe shipbreaking on the beaches of South Asia. In 2016, a total of 668 vessels were broken on tidal beaches, that is as much as 87% of all tonnage dismantled globally. “The shipping industry is nowhere close to ensuring sustainable ship recycling practices.
196 Ships Broken Worldwide in Q1
Of the 196 ships sold for scrap in the first quarter of 2017, 65 percent ended up on beaches in India, Bangladesh and Pakistan, said South Asia quarterly update of NGO Shipbreaking Platform. 128 ships were sold for scrap to the South Asian beaches in the first quarter of 2017. 51 of the beached vessels were containerships. The other main shipbreaking destinations, Turkey and China, received 36 and 28 vessels respectively. Four ships were destined for recycling in other locations outside the main five breaking nations.
Out of 210 Ships, 158 Hit South Asian Beaches in Q2
There were a total of 210 ships broken in the second quarter of 2017. 158 of these ships ended up on South Asian beaches for dirty and dangerous breaking, said NGO Shipbreaking Platform. The Platform was able to document five accidents at the shipbreaking yards in Chittagong, Bangladesh, between April and June, which led to the death of four workers and the injury of two. Ishaq worked as a winch operator and died struck by a cable at the BBC Steel Shipbreaking/KR yard. This is the second fatal accident this year at BBC Steel.
CMA CGM to Improve its PEX 2 Service Between Asia and the Caribbean
In order to continue offering the best dedicated service from Far East to Mexico, Central America and the Caribbean, CMA CGM is glad to inform its customers about the new rotation of its PEX 2 service. As from m/v CMA CGM NEW JERSEY voy.
APL launches India East Coast Express Service
APL today announced the launch of the India East Coast Express (IEX) service – a new weekly service which directly connects the North Asia markets of Korea and China to Chennai, India. “The new IEX service facilitates our customers’ growing business need for additional and more competitive shipping options. Through the IEX service, shippers will benefit from fast and reliable transit between the North, Southeast and South Asia markets. Additionally, the strategic port calls of…
Industy Supports EU's Call for Financial Incentive to Enhance Sustainable Recycling
The European Economic and Social Committee (EESC) adopted an own initiative opinion that calls on the European Commission to introduce an incentive that will “eliminate the abuses of irresponsible ship dismantling through a system which creates added value in an end-of-life ship”. SEA Europe, IndustriAll Europe and the NGO Shipbreaking Platform join the EESC in supporting an incentive that will make sure ships are recycled in a safe and environmentally sound manner. “European…
Global Safety Day Celebrations at APM Terminals
Under the theme ‘Safe for you, Safe for me’, APM Terminals Inland Services, South Asia celebrated Global Safety Day on 28 th April with emphasis on raising awareness on the importance of risk management among employees, contractors and external stakeholders. Participative presentations, skits, contests and activities were conducted across its Container Freight Stations, Empty depots and Container Maintenance & Repair Centers at multiple locations in Mumbai, Dadri, Chennai, Kochi and Tuticorin.
APM Terminals, Volvo Ink Chennai Warehouse Deal
APM Terminals Inland Services, South Asia has signed an exclusive agreement with Gothenburg, Sweden-based Volvo Cars to provide a dedicated, specialized warehouse facility in Chennai. The customized warehouse will provide an integrated Inland Services solution for the Volvo Completely Built Up Units (CBUs) imported from Europe to India through the Port of Chennai. The 102,000 square foot facility will include bonded and non-bonded areas with an overall capacity of 500 vehicles.