Maritime

  • Idle containership numbers fall again, but newbuilds and M&A are a threat

    Dec 7, 2017 — The number of containerships in hot or cold lay-up has fallen to 114, from 136 in the past two weeks. Alphaliner warned that newbuild deliveries and M&A activity could reverse the downward trend. The analyst said the amount of idle cellular tonnage had declined from 520,365 teu to 464,802 teu, or 2.2% of the total global fleet, due to “unusual strength during the traditionally slow winter season”.
  • Panama, China sign maritime cooperation agreement

    Nov 28, 2017 — The two nations have agreed upon mutually-beneficial maritime developments in safety, navigation, port costs and registration, according to a report from industry news outlet Seatrade Maritime.
  • FMC Moves Forward with Regulatory Reforms

    Nov 20, 2017 — The Federal Maritime Commission (FMC) took an important step in its regulatory reform efforts when it voted last week to advance a Notice of Proposed Rulemaking (NPRM) that simplifies and streamlines its Non-Vessel-Operating Common Carrier (NVOCC) Service Arrangements (NSA) and Negotiated Rate Arrangements (NRA) rules and procedures.
  • U.S. Navy Joins Puerto Rico Sealift Effort

    Nov 17, 2017 — At Joint Base Charleston in South Carolina, the U.S. Navy’s Military Sealift Command is facilitating a small-scale domestic sealift to bring utility trucks, front end loaders, portable living quarters and other much-needed supplies to Puerto Rico. The ro/ro USNS Brittin will make six voyages to and from the island over the course of the next several weeks.
  • Port of Vietnam experiences congestion due to storm

    Nov 15, 2017 — The port of Quy Nhon, in Vietnam, is congested at the time, because of a storm that occurred in the area, resulting in multiple vessels to sink, thus blocking ship traffic, sources report. The storm hit the port on November 4, making the port authority to issue a temporary block of the channel and reduce ship traffic to vessels with draft up to 5.5m.
  • Grounded Container Feeder Breaks in Two

    Nov 15, 2017 — The grounded container feeder Kea Trader has broken up on Durand Reef in New Caledonia, 120 days after she went aground. High waves battered her hull over the weekend, gradually leading to cracking, then to larger breaches. At least two containers have gone over the side. 102 of the 700 containers originally on board are still in her holds.
  • Drewry reports increase in World Container Index

    Nov 6, 2017 — Drewry said that the World Container Index, which is a composite of container freight rates on 8 major routes to/from the US, Europe and Asia, has showed an increase and provided a two-year spot freight rate trend for the index. According to maritime research consultants, the index is up by 25.6% to $1517.1/40ft container.
  • Nigeria: Piracy - Foreign Shipping Firms Pay N14 Billion to Escort Vessels in Nigeria

    Nov 6, 2017 — Due to the volatile nature of Nigeria waterways, foreign shipping companies spend over N13.76 billion ($45 million) annually to escort their vessels from one point to another on Nigeria's waterways, LEADERSHIP has learnt. About four major international shipping companies operate in the country including Maersk Line, Mediterranean Shipping Company, Grimaldi and CMA/CGM in addition to smaller foreign and local shipping companies operating on the waterways.
  • British Containership Loses 42 Containers Overboard Off Japan

    Nov 3, 2017 — The UK Marine Accident Investigation Branch has launched an investigation into the loss of dozens of containers from a British containership off Japan. The MAIB says 42 containers were lost overboard from the UK-flagged MV Ever Smart approximately 700nm east of Japan on Oct. 30.
  • Ship Glut Clouds Long-Awaited Recovery

    Nov 1, 2017 — Container shipping is emerging from a painful six-year slump, but a glut of tonnage that will hit the water over the next two years threatens to derail the nascent recovery. In recent months, Mediterranean Shipping Co. and CMA-CGM SA have each announced orders for 11 mega-vessels. Together, with existing plans by Asian giants like Cosco Shipping Holdings Co. and Evergreen Line, the moves mean dozens of these vessels will be delivered by 2020.
  • Analysts Say Container Shipping Industry 2018 Profitability Depends On Capacity Discipline

    Nov 1, 2017 — In an assessment made by shipping analyst group Drewry, container shipping industry profitability in the coming year is dependent on the carrier's ability to maintain the tight capacity management displayed so far in 2017. "A lot will depend on whether the carriers can refrain from undercutting one another and stick to the capacity management they have displayed this year," Drewry senior container researcher Simon Heaney said.
  • U.S. House Homeland Security Committee Calls for Increased Security Funding at LA, Long Beach Ports

    Nov 1, 2017 — While praising efforts to protect the Los Angeles and Long Beach ports from terrorist and cyber-attacks, members of Congress aired concerns Oct. 31 about threats to public safety and the economy if federal funding for maritime security programs isn’t raised to meet new threats.
  • MSC Recommences Benghazi Container Freight Services as Normality Returns

    Oct 31, 2017 — Mediterranean Shipping Company (MSC) has announced that it will resume container freight services to and from Benghazi, Libya, now that the port has re-opened, following a three-year closure stemming from the 2011 revolution. The port, which restarted operations at the beginning of the month, was forced to close when rivalling armed groups occupied the city in 2014.
  • Cosco sails back into the black as rate improvements help boost revenue

    Oct 31, 2017 — Chinese shipping giant Cosco Shipping Holdings today reported a 35% year-on-year increase in revenue for the third quarter as sit swung back into the black. It also announced plans to raise almost $2bn through a share placement.
  • 4 takeaways from the IMB’s latest global piracy report

    Oct 30, 2017 — The flagship global report notes that, while piracy rates were down compared to the same period in 2016, there is continuing concern over attacks in the Gulf of Guinea and in South East Asia. The increase in attacks off the coast of Venezuela and other security incidents against vessels off Libya - including an attempted boarding in the last quarter - highlights the need for vigilance in other areas. In total, 92 vessels were boarded, 13 were fired upon, there were 11 attempted attacks and five vessels were hijacked in the first nine months of 2017.
  • Inmarsat Shipboard Communication Platform Found Vulnerable to Hacking

    Oct 30, 2017 — Seattle-based cybersecurity firm IOActive has uncovered what it describes as critical security flaws in one of Inmarsat’s shipboard communication platforms that could leave the platform and vessels’ networks vulnerable to remote hackers.
  • Chinese government pushing port consolidation

    Oct 27, 2017 — Busy ports linking China and the rest of the world are now targets of a Chinese government consolidation campaign that previously spurred high-profile mergers among state-owned shipping and logistics companies. By consolidating port operations according to administrative regions such as provinces, Beijing hopes to reduce competition and promote economies of scale, according to Caixin. Officials also expect consolidated ports to be managed more efficiently.
  • Freight Operations Partially Resume at the Port of Durban

    Oct 17, 2017 — Transnet National Ports Authority (TNPA) has announced that marine operations at the Port of Durban have partially resumed following disruptions caused by heavy storms on Tuesday, 10 October 2017, that saw several ships break loose from their mooring and run aground.
  • Outlook Gloomy for Container Shipping as Rates Continue to Slide

    Oct 16, 2017 — Container spot rates from Asia to North Europe slumped below $700 per teu last week, losing a further 3.9% in value. They now stand at $686 per teu, while for Mediterranean ports, rates slid 5.8% to $652 per teu. In January freight rates per teu for both were in excess of $1,000.
  • After naval patrols, Malaysia, Indonesia and Philippines launch air surveillance ops over Sulu Sea

    Oct 16, 2017 — The operations, part of a tri-nation effort to curb movements of militants linked to the Islamic State in Iraq and Syria (ISIS) in the southern Philippines, mark the first joint air patrol over the dangerous waters. "Affiliated terrorist organisations and sympathisers have exploited the porous borders and linked up with local terrorist groups, evident following the Marawi City siege," said Malaysia's Defence Minister Hishammuddin Hussein.
  • Sohar Port and Freezone kicks off first phase of expansion

    Oct 16, 2017 — Oman’s Sohar Port and Freezone has revealed that the first phase of its mega expansion plan is set to get under way soon. The expansion is part of the freezone’s long-term move to grow the vital industrial and maritime hub by as much as 50 per cent, a report said.
  • HURRICANE MARIA DIVERSION GUIDANCE

    Oct 2, 2017 — CBP recognizes that the current extraordinary weather situation created by Hurricane Maria may cause many ocean vessels to divert from their intended port of unlading to other port locations for discharge purposes. To ensure smooth processing of bills and associated status notifications in the new port of unlading, CBP reminds the carriers that they should amend the manifest to reflect the new port of unlading.
  • Trump Waives Jones Act for Puerto Rico, Easing Hurricane Aid Shipments

    Sep 29, 2017 — The Trump administration said on Thursday that it would temporarily waive a century-old shipping law for Puerto Rico that officials there said was hindering disaster relief efforts after Hurricane Maria. The waiver of the law, known as the Jones Act, comes as federal and local officials report more supplies trickling onto the increasingly desperate island.
  • India renames largest port

    Sep 28, 2017 — The Indian Ministry of Shipping has announced the renaming of Kandla Port, to Deendayal Port, with effect from 25 September, 2017.
  • Demand for Safer Practices When Shippers are Packing Freight Containers Continues

    Sep 28, 2017 — A coalition of leading cargo industry organisations representing the full breadth of the global supply chain is maintaining its campaign for safer practices in packing freight containers and other cargo transport units (CTUs).
  • McCain repeats call for Jones Act repeal following Puerto Rico waiver

    Sep 28, 2017 — Sen. John McCain (R-Ariz.) on Thursday repeated his call to repeal the Jones Act after the Trump administration announced a temporary lift on shipping restrictions for Puerto Rico as it recovers from hurricanes Maria and Irma.
  • No Jones Act waiver for Puerto Rico: Trump administration

    Sep 27, 2017 — The Trump administration will not grant a Jones Act waiver for oil, refined products and other commodities being shipped into Puerto Rico as the island works to rebuild following Hurricane Maria, the Department of Homeland Security said Tuesday.
  • Car carrier to pay $21m penalty over price-fixing

    Sep 27, 2017 — Hoegh Autoliners has made a settlement with the US Department of Justice, regarding accusations over price-fixing. According to sources, the Norwegian company is to pay a fine of USD21 million to Middle East exports for illicit actions against competition.
  • The box carriers: Consolidate or compete?

    Sep 20, 2017 — While there were 20 global container lines in 2011 operating in a fragmented industry, the recent Cosco’s takeover of OOCL created a new reality in today’s container shipping, where the top four carriers control 53.8% of the world’s container cargo, according to shipping market analyst Xeneta.
  • Port Klang gets more tranquil, but it’s eerie

    Sep 19, 2017 — Until a few months ago, Port Klang was a hive of activities, with containers usually stacked six stories high. These days, it’s a lot quieter. Major shipping firms have moved their hubs to Singapore, according to recent reports. “A few years ago, we could still compete with Singapore,” said an industry player who owns a logistics company. “We managed to draw big carriers to Port Klang. I don’t think we can catch up with Singapore now.”
  • Intermodal Volume Up 2% in First Quarter, IANA Reports

    May 18, 2017 — The Intermodal Association of North America found that year-over-year international container volume grew 2.9% to 2.14 million units, and domestic traffic increased 1.3% to 1.79 million. “What’s most impressive about the growth rate is that it comes on the heels of a 2% gain in shipments in the [first quarter] of 2016. This suggests that the increase was real growth and not just a bounce back due to weaker comparisons,” the report said.
  • Pasha Hawaii Announces Shipyard for Two New Containerships

    May 17, 2017 — Honolulu-based Pasha Hawaii today announced that the company has selected Keppel AmFELS in Brownsville, TX, a subsidiary of Keppel Offshore & Marine (Keppel O&M) for the construction of two new Liquefied Natural Gas (LNG) fueled containerships, with the option to order two additional vessels. Pasha Hawaii is in the process of finalizing contract specifications, and delivery of the first vessel is planned for early 2020.
  • China Sparks World Container Traffic Boom

    May 15, 2017 — Preliminary data from Drewry’s Container Trades Statistics (CTS) indicates that world container traffic surged by 10% year-on-year in the first quarter of 2017, fuelled mainly by spikes in imports and exports from China. The CTS numbers point to intra-regional trade as the primary driver of growth with volumes up by 17%, versus 7% for deep-sea traffic.
  • Dubai’s DP World Confirms 10 Injured when Ship Hits Cranes at Jebel Ali Port

    May 15, 2017 — Dubai ports operator DP World has confirmed that 10 people were injured in an accident involving a container vessel at the Jebel Ali port last week. The incident occurred when the vessel collided with the harbour wall at the port’s Terminal 1 on Thursday, May 4.
  • IMO Cautions Against Extending EU-ETS to Shipping

    Jan 9, 2017 — Including shipping in the EU?s Emission Trading System (EU-ETS) could undermine efforts to reduce greenhouse gas emissions from shipping on a global basis, International Maritime Organization (IMO) Secretary-General Kitack Lim said in a letter to senior European officials.
  • BIMCO: Shipping Industry Faces Choppy Waters

    Jan 3, 2017 — The shipping industry has its work cut out going forward in 2017 as the period will see another year of die-hard competition, according to international shipping association BIMCO.
  • Businesses Ask FMC to Address Fees Charged when Port Disruptions Delay Pickup of Cargo Containers

    Dec 7, 2016 — IAM, along with a coalition representing retailers, manufacturers, truckers, transportation intermediaries and other business groups today asked the Federal Maritime Commission to set new policy preventing terminal operators and ocean carriers from charging unfair fees when uncontrollable incidents such as storms and strikes keep cargo from being picked up from ports on time.
  • IAPH: A Smart Conference in a Smart Port City

    Jun 15, 2015 — The International Association of Ports and Harbors (IAPH) convened at its 29th World Ports Conference in Hamburg, Germany, 1-5 June 2015, under the theme of “City of Hamburg – Calling at the smartPORT”, was successfully concluded, attracting more than 900 delegates, accompanying persons, guest speakers and exhibitors from across the world.