Danaos' healthy profit reflects improving container ship market. Maersk cuts capacity on ailing Europe- S.America trades, but rivals stay bullish. Maersk Line is reducing capacity on its services between the east coast of South America and Europe and the Mediterranean by 10%, due to “declining market demand”.
To achieve this, the line will phase-in smaller 4,500-6,500 teu ships to replace the 8,500 teu vessels. According to Alphaliner, overcapacity in Latin American tradelanes is prompting ocean carriers, such as Maersk and MSC, to review their vessel deployment plans, particularly on the South American east coast. Last year, South American routes absorbed 211,000 teu of newbuild capacity, some 15% of all ships delivered, said the analyst, and many of those vessels were of the 8,000-10,000 teu sector which, just a year or so ago, would have been the workhorses of the Asia-Europe tradelane. Shanghai port steams ahead as China’s economy slows. Porto Itapoa, Brazil, muscles in on competitors. Jump to navigation JOC › Port News › South American Ports Porto Itapoa, Brazil, muscles in on competitors One traditional group of Brazilian exporters, chicken producers, and one new importer of components, BMW, are helping the Porto Itapoa become a strong regional container port competitor.
Container traffic rises 7.5 percent at federally-owned Indian ports. US West Coast terminals suspend weekend vessel work. Retailers’ frustration with West Coast gridlock hits the boiling point. HHLA profit, revenue up despite Russia, Ukraine woes. Jump to navigation JOC › Port News › European Ports › Port of Hamburg HHLA profit, revenue up despite Russia, Ukraine woes.
Costamare eyes expansion after profit jumps nearly 15 percent. Container lines face looming threat as 2020 low-sulfur fuel cap is affirmed. CMA CGM, Hamburg Sud expand cooperation on multiple routes. Jump to navigation.
Do East Coast ports get a bad rap? Direct China-Myanmar service from MCC Transport gets under way. Jump to navigation JOC › Maritime News Direct China-Myanmar service from MCC Transport gets under way The first sailing of MCC Transport’s new direct service between China and Myanmar is on the water as the sister company of Maersk Line moves to capitalise on growing trade between the two nations.
Maritime News. Nieuw kanaal voor de schepen van de toekomst. Giants of the seas: planning for the world’s largest container ships. Container ships seem to be getting larger and larger.
The CSCL Globe, Maersk’s Triple-Es and the MSC Oscar are more than three times bigger than the typical 6,000teu vessel from 20 years ago. Obama budget would dramatically cut US port funding. Euromaritime et Eurowaterways 2015 officiellement inaugurés. Euromartime, le salon de l’économie de la mer, a ouvert ses portes ce matin pour la deuxième édition à Paris Expo – Porte de Versailles (hall 6), en même temps qu’Eurowaterways, le premier salon de l’économie fluviale.
Le commissaire européen Karmenu Vella, le secrétaire d’Etat Alain Vidalies, la députée européenne Gesine Meissner, et le président d’Euromaritime Francis Vallat ont participé à la cérémonie d’inauguration. Maersk retains crown as most reliable box line amid rumours of 20,000teu orders. Maersk again topped the liner shipping reliability rankings last year, according to new research released this morning by industry analyst SeaIntel.
The top two spots were retained by Maersk and Hamburg Sud in a year during which 19 of the 20 largest container shipping lines saw their schedule reliability decline, compared with 2013. Ports should be gateways to trade, not barriers. Jump to navigation JOC › Port News › Longshoreman Labor › International Longshore and Warehouse Union Ports should be gateways to trade, not barriers.
Two unmissable events in a single showcase. Transport logistic, the Leading International Exhibition for Logistics, Mobility, IT and Supply Chain Management, presents the entire value chain and the major international market leaders out of the transport and logistics sector. 52.000 trade visitors, among them a high proportion of executives with decision-making powers on investment, from 110 countries, are proofing the undisputed position of this leading trade fair in the logistics branch.
The event is accompanied by an extensive conference programme about newsworthy trends, innovations and future markets. Two unmissable events for all experts in the transport of goods by air and sea are taking place simultaneously. Air Cargo Europe is the most important centrally located business platform for the air cargo sector. This is where international air cargo professionals come to network, make new contacts, develop upcoming markets and explore joint business potential. ICTSI Oregon issues statement on impact of ILWU delays.
ICTSI has issued a statement severely criticising the ILWU’s escalated industrial action at its Oregon terminal, and claimed that the union made 36 work stoppages during the 2014 holiday period. The ILWU called for a 12-hour work stoppage at the port on Wednesday, it said, and members walked off the job at lunchtime on Thursday. Productivity at the terminal is now 13.2 moves per hour. Before the dispute, which has been running since 2012, productivity was 24.8 moves per hour. OregonLive wrote a good article on its port issues last month, here. Senate passes Keystone XL bill without McCain's Jones Act amendment. Jump to navigation JOC › Maritime News › Short-Sea Shipping Senate passes Keystone XL bill without McCain's Jones Act amendment Sen. John McCain’s amendment to repeal a key provision of the Jones Act failed to make it into a Senate-passed bill authorizing construction of the Keystone XL oil pipeline.
Antwerp growth trails that of Rotterdam in 2014. Jump to navigation JOC › Port News › European Ports › Port of Antwerp Antwerp growth trails that of Rotterdam in 2014 Antwerp posted a 4.7 percent increase in container traffic in 2014, trailing a 5.7 percent rise at close rival Rotterdam but reversing a 0.7 percent decline in 2013. Nigerian terminal operators and carrier customers may be facing a bill for billions.
Port and terminal operators in Nigeria, and shipping lines serving them, have been warned they may face back-charges levied on the country’s shippers amounting to billions of dollars, after a critical court case at the end of last year. The case dates back to a decision by the federal government in February last year to appoint the Nigerian Shippers Council (NSC) as the economic regulator of Nigeria’s ports. They would oversee “regulation of competition, pricing and service levels among providers of port and shipping services, with increased powers of enforcement”.
Importantly, this appointment came via a presidential executive order, rather than legislation approved by the country’s parliament. Subsequently, the NSC ordered terminal operators and shipping lines “to reduce certain charges, increase free storage time and take other steps intended to affect service and pricing levels”. The new drivers of Europe's geopolitics. Maersk introduceert 's werelds langste shortsea service.
‘Violent’ piracy in South-east Asia offsets slide in attacks. The International Maritime Bureau today released its annual report into piracy. Arbitrator rules Panama locks contractor can seek $223 million. Panama Canal answers Nicaragua project with reduced tolls and a loyalty scheme. Competition for container shipping in the Americas is gearing up as the Nicaragua canal project formally got under way last month. However, almost in response, the Panama Canal Authority (ACP) announced approval for the construction of a new container terminal and a reduced toll structure for liner operators next year.
ACP announced the toll levels with request for comments – with a 9 February deadline. Samenwerking CMA CGM en Multiparques in haven Angola. Drewry: winstgevendheid containervaart verbetert in 2015. Thales va moderniser la conduite de tir du Charles de Gaulle. Au nom de la Direction générale de l’armement (DGA), l’Organisation Conjointe de Coopération en matière d’Armement (OCCAr) a notifié à Thales un contrat pour la rénovation de la conduite de tir du système d’armes du porte-avions Charles de Gaulle. Les travaux permettront l’installation de nouveaux équipements à l’occasion de « l’arrêt technique majeur » programmé en 2018. Ces travaux se clôtureront lors du retour en service actif du porte-avions.
Panama Canal proposes new tolls, carrier loyalty program. Jump to navigation. WCA opens world's largest freight forwarding event. The Loadstar is pleased to announce that IAG Cargo will be sponsoring our coverage of this mammoth event. Join us and freight forwarders from around the globe at the industry’s largest and most important business opportunity of the year. The WCA Worldwide Conference 2015, will see over 2,500 freight forwarding executives gather in Hong Kong for 3 days of intensive One-on-One business meetings, alongside a wide range of social networking events. Acknowledged globally as the most important conference of its kind, the 7th WCA Worldwide Conference will be held from 2-5 February at the AsiaWorld Expo – adjacent to Hong Kong Airport – and combines all 4 of WCA’s general networks within one major event. Manaus, Brazil terminal aims to expand container capacity by two-thirds.
New bid for reconciliation on contracts as US west coast port congestion worsens. Employers and dockworkers on the US west coast are set to return to the negotiating table, after beginning 2015 with a renewal of hostilities. The US Federal Mediation and Conciliation Service (FMCS) confirmed early today that it was set to respond to a joint request from both employer body Pacific Maritime Association (PMA) and the workers’ International Longshoremen and Warehouse Union (ILWU) for help in negotiations over the renewal of a master contract that expired at the end of last May. Cargolux announces 'repudiation' of collective work agreement. World's biggest carriers grew again last year as ever-bigger boxships arrived. APMT2 breidt nu al uit. 'Morten Maersk' loopt binnen in Wilhelmshaven. Maersk revamps weekly India-East Africa service. Nieuw tariefsysteem Panamakanaal. Panama Canal agrees to pay cost overruns, advancing expansion project. Panama Canal OKs new transshipment container terminal.
Beer pipeline to cut truck traffic, emissions in Belgium. Gdansk port moves to privatize multipurpose terminals. Perils of the sea. Transaero declares 'mayday' MOL goes 'on the offensive' with new year order for 20,000teu mega-containerships. MOL says it will operate ships of 20,000 TEUs in cost-cutting effort. Strong growth for Asian terminals in 2015, HSBC predicts.
18,300 teu Marstal Maersk calls at APM Terminals Maasvlakte II. CMA CGM and logistics group Multiparques join together in Angola. SX-class OOCL Taipei christened in Shanghai. Outdated Hong Kong port will have to move, latest study advises. Les investigations se poursuivent à bord du Norman Atlantic. Japanese government takes major stake in container terminal. Recordoverslag voor Hamburg. Toch bemiddelaar arbeidsconflict Amerikaanse havens. Funding issues dog Nicaragua and Panama canals. CMA CGM releases details of east-west network within Ocean Three Alliance. NYK, APMT to jointly develop auto terminal at Pipavav. Pork shipments vault Brazil into major food supplier to Russia. Balkans rail deal to add link in China-Europe network. EU ziet streng toe op allianties. 'Pieter Schelte' op 10 januari in Rotterdam. E-commerce and 3D-printing – the shape of things to come for our supply chains.
US economy grows by most in a decade on consumer-spending gain. Clear sailing on the Pacific for Matson as Horizon takeover strengthens core market. Logistics benefiting from China’s rapid e-commerce growth. 'TUI zet reder Hapag-Lloyd in de etalage' Eucap Nestor … la décision adoptée d’ici la fin juillet ? Containers - Rena captain charged as 70 containers fall from ship. UNCITRAL. Linking Innovations with Innova. Maritime Professionals Group. International Freight Weekly. Welcome to The Journal of Commerce Online. W.E.C. lines - Home.