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Saturday, January 20, 2018

Twentyfoot Equivalent Unit News

Fifth Consecutive Record Year for Antwerp

Photo: Port of Antwerp

The port of Antwerp has achieved a record freight volume for the fifth straight year in a row. In 2017 the port handled 223,606,610 tonnes of freight, an increase of 4.4% compared with the previous year. Practically all sectors turned in an excellent performance: the container volume expanded in tonnage by 4.3% (123 million tonnes), liquid bulk such as oil derivatives by 5.7% (73.1 million tonnes), and conventional breakbulk such as steel by 4.8% (10.3 million tonnes), while ro/ro completed the growth list with 10.5% (5.1 million tonnes).

Port of LA Sets New Record with 2017 Container Throughput

Photo: Port of Los Angeles

The Port of Los Angeles moved more cargo in 2017 than in any time in the Port’s 110-year history, racking up 9,343,192 Twenty-Foot Equivalent Units (TEUs), a 5.5 percent increase over 2016’s record-breaking year. It’s the most cargo moved annually by a Western Hemisphere port. “We are powering Los Angeles’ economy to new heights every year, because we know that lasting prosperity means investing boldly in jobs, opportunity, and growth,” said Los Angeles Mayor Eric Garcetti. “The…

NPCT1 to Develop New CT in Jakarta

Logos

PT. Pelabuhan Indonesia II (Persero) (“IPC”), Mitsui & Co, Ltd. (“Mitsui”), Nippon Yusen Kabushiki Kaisha (“NYK Line”) and PSA International Pte Ltd (“PSA”) have agreed to jointly participate in the construction and operation of a new container terminal at Tanjung Priok Port, Jakarta, Indonesia. This new terminal will be developed and operated by the newly established project company PT New Priok Container Terminal One (“NPCT1”). The Republic of Indonesia has in recent years experienced dramatic economic growth accompanied by a rapid increase in container traffic.

Port of Incheon Volume Crosses 3 mln TEU

Photo: Incheon Port Authority

The Container Handing Volume by the Republic of Korea's  Port of Incheon surpassed 3 million TEU that it has processed over 1 year. Incheon Port’s 3 million TEU is a record achieved in 12 years after achieving 1 million TEU (2005) and in 4 years after achieving 2 million TEU (2013) and based on the 2016 performance, it is the best performance and accomplishment in history, putting it in 47th place out of the global container ports. Such container volume was handled with 49 sea routes.

Shanghai Port Sets New World Record

Shanghai Shengdong International Container Terminals. Photo: Shanghai International Port(Group) Co.,Ltd

The annual handling capacity of Shanghai Port surpassed 40 million TEUs (twenty-foot equivalent units), breaking an existing world record, the Chinese state media reported. Xinhua quoted the Shanghai International Port Group saying that Shanghai Port started container transportation in 1978 with a handling capacity of 7,951 TEUs that year. As one of China's largest ports, its  throughput exceeded 30 million TEUs in 2011. In December 2017, Shanghai Yangshan Deep Water Port, the world's biggest automated container terminal, started trial operations.

Pecém Cargo Volume up by 19%

Photo: APM Terminals

APM Terminals Pecém reported a 19% annual increase in container handling volumes as the gateway port to northeast Brazil. APM Terminals Pecém, which is the container operator at the Port of Pecém which is managed by the state-owned company CIPP (former Cearaportos), handled 130,008 moves (213,951 TEUs – twenty-foot equivalent units) in 2017 a new volume record. Daniel Rose, Managing Director of APM Terminals Pecém said “We have been working closely with our shipping line customers and our landside customers to ensure they had the port service levels needed to grow their business.

Asia-N.Europe Box Rates Plunge 23.5 pct

File Image: a containership alongside during cargo operations in the port of Oakland, CA (credit: Katharine Sweeney)

Container spot freight rates from Asia to Northern Europe fell 23.5 percent to $861 per twenty-foot equivalent units (TEU), data from the Shanghai Shipping Exchange showed. Freight rates from Asia to ports in the Mediterranean fell 13.8 percent to $865 per TEU. Freight rates from Asia to the U.S. Freight rates from Asia to the U.S. East Coast fell 3.8 percent to $1,884 per FEU. Maersk Line, a unit in Danish shipping and oil group A.P. Moller-Maersk, is the market leader with a global market share of around 15 percent.

Asia N.Europe Box Rates PLunge 10.5 pct

A containership alongside engaged in cargo operations in the port of Hamburg, Germany (port of Hamburg)

Container spot freight rates from Asia to Northern Europe fell 10.5 percent to $771 per twenty-foot equivalent units (TEU) last week, data from the Shanghai Shipping Exchange showed. Freight rates from Asia to the U.S. Freight rates from Asia to the U.S. Maersk Line, a unit in Danish shipping and oil group A.P. Moller-Maersk, is the market leader with a global market share of around 15 percent.

Maersk: Rate Hike Under Pressure on Low Demand

Image: file photo

Container shipping firm Maersk Line said a fresh attempt made on Monday to raise freight rates on main routes from ports in Asia to those in northern Europe was already under pressure due to weak demand from shippers. Maersk Line, a unit of Danish conglomerate A.P. Moller-Maersk, controls one-fifth of all transported containers from Asia to Europe. Like other shipping lines it has been trying to curb losses on the world's busiest route where an overabundance of ships is weighing on rates. The company hiked rates on twenty foot equivalent unit containers (TEU) by $900 on Nov.

Rolls-Royce Shares Jump as Commercial Marine Unit Sale Mulled

File Image: a Rolls-Royce water jet offering (CREDIT: Rolls-Royce)

Britain's Rolls-Royce said on Wednesday it was considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas markets, as part of a restructuring of the company into three core units. Shares in the company jumped after it said the loss-making unit could be sold. They were trading up 7.2 percent at 1330 GMT. The announcement came as part of a restructuring of the aero-engine maker into civil aerospace, defence and power systems units, with naval marine and nuclear submarines consolidated into defence and civil nuclear into power systems.

Port of LA Container Volumes Up 10 Percent

Image courtesy of Port of LA

The Port of Los Angeles has released its April 2014 containerized cargo volumes. In April 2014, overall volumes increased 10.26 percent compared to April 2013. Total cargo for April was 706,036  Twenty-Foot Equivalent Units (TEUs), the Port’s busiest month since September 2013. Container imports rose 11.43 percent, from 486,910 Twenty-Foot Equivalent Units (TEUs) in April 2013 to 537,071 TEUs in April 2014. Exports rose 8 percent, from 160,129 TEUs in April 2013 to 172,945 TEUs in April 2014.

Los Angeles Box Volumes Slip

Photo courtesy of the Port of Los Angeles

June 2015 containerized cargo volumes at the Port of Los Angeles decreased 2 percent compared to the same period last year. The Port handled a total of 721,802 Twenty-Foot Equivalent Units (TEUs) in June 2015. Current and historical data is available here. Imports decreased 3.65 percent, from 382,666 Twenty-Foot Equivalent Units (TEUs) in June 2014 to 368,708 TEUs in June 2015. Exports declined 10.7 percent, from 160,823 TEUs in June 2014 to 143,549 TEUs in June 2015. Combined, total loaded imports and exports decreased 5.75 percent, from 543,489 TEUs in June 2014 to 512,257 TEUs in June 2015.

Maersk Line to Raise Freight Rates from Asia to Europe

Maersk Triple E ship in port (Photo courtesy of Maersk Line)

Container shipping company Maersk Line, a unit of A.P. Moller-Maersk, plans to raise freight rates sharply on main routes from ports in Asia to ports in northern Europe, with effect from July 1. Rates for twenty foot equivalent unit containers (TEU) will rise by $575, the shipping company wrote in a letter to clients on Tuesday. According to the Shanghai Containerized Freight Index, twenty foot rates from Asia to Europe stood at $1,202 last week. (Reporting by Ole Mikkelsen; editing by Keiron Henderson)

Maersk Line Orders Nine Boxships in $1.1 bln Deal

Maersk Line, the world's largest container shipping company, said on Wednesday it has ordered nine 14,000 twenty-foot equivalent units vessels from Hyundai Heavy Industries in a deal worth $1.1 billion. The vessels will join the fleet in 2017 under a Singaporean flag, said Maersk Line, a unit of the A.P. Moller-Maersk  conglomerate. Reporting by Sabina Zawadzki

Asia-North Europe Box Rates Up 7 pct

File Image: Credit Port of Boston

Container spot freight rates from Asia to Northern Europe rose 7 percent to $961 per twenty-foot equivalent units (TEU), the Shanghai Containerized Freight Index showed on Friday.    Freight rates from Asia to ports in the Mediterranean rose $38 to $882 per TEU Maersk Line, a unit in Danish shipping and oil group A.P. Moller-Maersk, is the market leader with a global market share of around 15 percent. It controls around 20 percent on the world's busiest routes between Asia and Northern Europe   Reported by Reuters Copenhagen newsroom 

Petrobras: Fire Contained on Platform in Lula Field

File photo: P-66 FPSO sailing to its final destination (Courtesy Petrobras)

Brazil's state-controlled oil company Petróleo Brasileiro said on Tuesday a fire at a platform in the Santos Basin was contained and did not cause injuries or environmental damage.   Production there remains halted until safety tests can be completed, the company said. The fire was discovered early on Tuesday on a floating production storage and offloading (FPSO) unit in the Lula Field. The unit is operated by Petrobras in consortium with Royal Dutch Shell and Petrogal .   Reporting by Marta Nogueira

Drewry: Global Number of Container Ships Peaks

file photo

The number of container ships transporting goods around the world has fallen in the first half of 2014 but the total capacity of the global fleet continues to increase, consulting firm Drewry Maritime Research said in a note on Monday. Drewry Maritime Research foresees a fall in the number of container ships on an annual basis this year for the first time in at least 20 years. The container shipping industry has been struggling with over capacity because of there are too few goods to transport on too many vessels as a result of the economic downturn.

California Port Container Volumes: One Up, One Down

Port of Long Beach from the Air: Photo credit Port of Long Beach

Port of Long Beach report surge in January container volumes, while those at Port of Los Angeles were slightly down. Cargo volumes at the Port of Long Beach surged in January with 17.5 percent more containers overall ? including a 19.5 percent jump in imports and an 8.2 percent rise in exports compared to the same month one year ago. Port terminals in January moved 536,263 TEUs (or twenty-foot equivalent container units). There were 273,918 TEUs of imports, the highest volume of import containers for a January since 2007. Exports rose to 126,714 TEUs.

CMA CGM Benjamin Franklin: Largest Ship to Call US

Photo: Port of Los Angeles

The massive CMA CGM Benjamin Franklin arrived at the Port of Los Angeles on Saturday, December 26, becoming the largest ship to ever call a North American port. Among the largest in the French shipping line CMA CGM’s fleet, the 1,300-foot-lont and 177-foot-wide containership has a capacity of nearly 18,000 twenty-foot equivalent units (TEUs) – about a third larger than the biggest containerships that currently call at the San Pedro Bay Port Complex. The vessel is also model for high-energy production.

Yangzijiang Shipbuilding (Holdings) Ltd Announces 6 New Contracts for US $214.2 Million

SINGAPORE: Yangzijiang Shipbuilding (Holdings) Ltd announced six new shipbuilding contracts for a total of US $214.2 million. The company will build two 82,000 DWT (deadweight tonnage) bulk carriers, two 10,000 DWT bulk carriers and two 4,800 TEU (twenty-foot equivalent unit) container ships, to be delivered in 2012 and 2013. During the first quarter of 2011 Yangzijiang has secured a total of 14 shipbuilding contracts adding up to US $512.3 million. Source: Channel News Asia- 11 April 2011

London, Brazil Terminals Boost DP World Container Volumes

Container gantry: Photo courtesy of DP World

DP World , one of the world's biggest port operators, said on Thursday that its gross container volumes rose 10.7 percent from a year earlier in the first half of 2014. Volumes totalled 29.4 million twenty-foot equivalent units (TEU), boosted by new business at its London Gateway facility and Embraport in Brazil. Consolidated volumes, at terminals over which DP World has control, rose 8.5 percent to 13.9 million TEU. (By Andrew Torchia)  

Libyan Port's Record Container Throughput

This year (2013) Misrata’s non-oil port, situated 124 miles east of the capital Tripoli, has unloaded 208,339 twenty-foot equivalent units (TEUs) of containers, up from 159,634 last year, reports Reuters. Libya’s third-biggest city, Misrata, has benefited from better security conditions than other parts of the OPEC producer, which has been hit by turmoil since the 2011 toppling of Muammar Gaddafi. Analysts say, according to Reuters, that apart from better security, Misrata port benefits from a free trade zone offering special benefits for investors such as exemptions from taxes and duties. Source: Reuters  

Antwerp Throughput Down 3.5%

The port authority of Antwerp said its throughput fell by 3.5 percent in 1999, with a significant drop in dry bulk traffic. The port said it handled 115.65 million tons of cargo in total, with 66.15 million tons imported and 49.50 million tons exported. Dry bulk throughput fell 13.3 percent to 26.14 million tons but container traffic grew by 10.7 percent to 3.61 million 20-foot equivalent units.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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