Danaos' healthy profit reflects improving container ship market. Jump to navigation JOC › Maritime News › Ships & Shipbuilding Danaos' healthy profit reflects improving container ship market Danaos Corp.’s most recent earnings highlighted an improving container ship charter market as the Greek ship-owner posted a 56 percent increase in adjusted net income in the fourth quarter of 2014.
Maritime News›Ships & Shipbuilding Please log in, register or subscribe to access the full article. 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 HHLA’s operating profit jumped 10 percent in 2014 as the largest container handler in the port of Hamburg shrugged off lower Russian feeder shipments and a slump in traffic at its Ukraine terminal that left total volume unchanged from the previous year.
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. Do East Coast ports get a bad rap? Jump to navigation JOC › Port News › US Ports 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. 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. Après une visite de quarante-cinq minutes dans les allées du salon Euromaritime/Eurowaterways 2015, Karmenu Vella, commissaire européen à l’Environnement, aux affaires maritimes et à la pêche, Alain Vidalies, secrétaire d’Etat en charge des Transports, de la mer et de la pêche, Gesine Meissner, députée européenne et présidente de l’Intergroupe mers, rivières, îles et zones côtières au Parlement européen et Francis Vallat, président d’Euromaritime, ont prononcé les discours d’inauguration du salon de l’économie de la mer et du fluvial. 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. The only carrier to buck the trend was CSAV, with 77.8% of its vessels arriving “on time”, compared with 77% in 2013, the result of its limited exposure to the main east-west trades where liner operators encountered most of their scheduling problems. 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 Among the many topics covered in this year’s State of the Union Address, President Obama discussed two issues that are critical for the continued growth of the U.S. economy — international trade and transportation infrastructure.
Both are priorities the retail industry strongly supports. 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. 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. 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. 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. The new drivers of Europe's geopolitics. It is going to take some time to understand the real ramifications of the result of last weekend’s Greek elections, but here’s an interesting hypothesis: rather than profligate Greek public spending being behind its sovereign debt problems and acting as the seed for the Eurozone crisis, the root cause is actually Germany’s addiction to its export economy.
According to this analysis, Europe’s largest economy exports around 50% of GDP, a level that is supported only by its membership of the EU, with its free-trade zone and common currency, and overseen by regulations from Brussels. “The loans German banks made to countries such as Greece after 2009 were designed to maintain demand for its exports. The Germans knew the debts could not be repaid, but they wanted to kick the can down the road and avoid dealing with the fact that their export addiction could not be maintained.” Maersk introduceert 's werelds langste shortsea service. ‘Violent’ piracy in South-east Asia offsets slide in attacks. Arbitrator rules Panama locks contractor can seek $223 million. Jump to navigation. 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.
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. 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.
Manaus, Brazil terminal aims to expand container capacity by two-thirds. Jump to navigation. 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. Cargolux announces 'repudiation' of collective work agreement. It would have been nice to have started the new year without an immediate Cargolux story.
But unfortunately, the permanently newsworthy airline has, of course, issues to discuss – and this particular one will likely trigger many stories in the coming year. 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.
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