Andreas Nordseth is New Chairman of EMSA’s Administrative Board
Director General of the Danish Maritime Authority (DMA), Andreas Nordseth, has just been elected Chairman of the Administrative Board of the European Maritime Safety Agency (EMSA). "EMSA provides a very important contribution to maritime safety and environmental protection in Europe. Besides ensuring uniform implementation of legislation across Europe, EMSA puts great effort into implementing new technologies and digitalising shipping- which is also of importance to Blue Denmark.
Maersk to Raise Freight Rates from Asia to Europe
The world's biggest container shipping company Maersk Line, a unit of A.P. Moller-Maersk , said it plans to raise freight rates on routes from Asia to northern Europe by $400 per 20-foot container (TEU). The new rates will take effect from Sep. 1, the company said in a newsletter to shippers on Tuesday. Higher rates on the busiest freight routes between Asia and northern Europe would help companies, which have been struggling with overcapacity as a result of a weak global economy. Only a handful of container shipping companies posted profits last year.
APM Terminals Vado Aims to be Gateway to Central Europe
APM Terminals Vado, Italy Managing Director Paolo Cornetto highlighted the future role of the deepwater APM Terminals Vado facility, now under construction, as a new southern gateway to Central Europe. “We designed our new port around liner customers - and our landside customers – the importers, exporters and truckers - to help them do more business by tapping into the 70 million-member consumer market of northern Italy, southern Germany, Switzerland, Austria and eastern France within an eight hour proximity of our port," he said.
NSSLGlobal Adds New Satellite Beams
The additional beams will improve NSSLGlobal’s coverage of Europe and the Far East. NSSLGlobal, an independent service provider of satellite communications, has added two new satellite beams to improve the quality and geographical reach of its global VSAT network. The additional beams will provide customers in the Nordics, Europe, North Africa, the Middle East and Far East with better coverage at sea and on land. The Telenor Thor 6 Nordic beam, positioned 1° West, is a new addition…
Capacity Culls Insufficient to Reverse Rate Slump: Alphaliner
The idle containership fleet has reached its highest level in five years, with over 1 Mteu of vessel capacity currently unemployed. Carriers are removing capacity on most main tradelanes in response to weak market demand, with the Asia to Europe route witnessing some of the most drastic cuts. Of the 21 strings operated by the four main carrier alliances in the Far East to North Europe trade, two have been withdrawn by the ‘Ocean 3’ and 2M partnerships. The G6 and CKYHE meanwhile…
McClier-Frederic R. Harris To Create Major Hub On Suez Canal
The McClier-Frederic R. Harris architecture, engineering, construction and consulting team has been selected to create a trade port and industrial city at Port Said East, located at the Mediterranean tip of the Suez Canal. The project, which is valued at more than $1 billion, will facilitate the global movement of products between Asia and Europe, as well as contribute to the long-term economic prosperity of Egypt by improving the country's ability to manufacture and export goods to countries throughout the Mediterranean, Europe and the United States. As a multi-modal hub, Port Said East will integrate air, rail, water, and road transportation to create a logistical center that will benefit global manufacturing companies, international transportation companies and the region.
Unwanted Diesel, Jet Ships Could Sink Oil Prices
Backlog of vessels at port threaten loading delays; ships with half a million tonnes taking the long route to Europe. Unwanted diesel and jet fuel cargoes are backing up outside Europe's ports and taking longer, slower routes around the southern tip of Africa, traders say. A symptom of the world's excess of oil, it also paints a gloomy picture of the chance of an oil price rebound. The abundance of crude that roiled commodity markets and turned the balance sheets of oil majors on their head also encouraged under-pressure European oil refineries to run at full clip. Refineries from Rotterdam to India to Louisiana, drunk on cheap crude, ran regardless of whether the world wanted what they were making. Meteoric demand growth earlier this year for products such as gasoline masked the surplus.
Port of Hamburg handles 104 MT Cargo in 9 Months
Comprising the general and bulk cargo segments, seaborne cargo handling in Hamburg during the first nine months at 104.3 million tons was at a stable level. At 6.8 million TEU (20-ft standard containers), throughput of containerized general cargoes continued to grow; while at 34.1 million tons, bulk cargo throughput remained just below the previous year’s figure. For Port of Hamburg Marketing, the excellent trend in container traffic with Canada is a gratifying pointer. The port’s…
Seaspan Appoints Bing Chen As Chief Executive Officer
Seaspan Corporation announced that Bing Chen will be joining the Company as its Chief Executive Officer (CEO), and appointed to the Board of Directors in January, 2018. Gerry Wang will be retiring as CEO and Director of Seaspan effective November 3. Upon Wang’s retirement, Peter Curtis, executive vice president and chief operating officer, will also serve as Seaspan’s interim chief executive officer until Chen’s arrival, after which he will continue in his current role. David Sokol, Chairman of Seaspan’s Board of Directors, stated, "We are pleased to have reached a very successful conclusion to our CEO search, and to have a seasoned professional like Mr. Chen join our executive team. Mr.
APL Strengthens Asia-Europe Service Network
APL today announced the launch of a new weekly service - the India Pakistan Europe (IPE) Service, directly connecting the key South Asian markets of India and Pakistan to major ports in Europe. The new IPE service builds on APL’s strong market presence and local expertise in India and Pakistan to enhance its Asia-Europe service offerings. “Europe is a premier trading partner and a major export market of South Asian countries. It is opportune that we expand our service coverage in Asia-Europe through the new IPE service, directly linking the major economies of India and Pakistan to Europe.
STX Group’s Plan to Sell 20% Stake in STX OSV
In response to the various media articles relating to the STX Group’s plan to sell a 20 percent stake in STX OSV Holdings Limited ("STX OSV"), the Board of STX OSV understands after clarification with STX Europe Holding AS (“STX Europe”), that STX Europe is continually exploring opportunities in relation to any strategic option of its interests in its subsidiaries including, STX OSV. The Board of STX OSV further notes that STX Europe is subject to and understands that STX Europe will comply with a lock-up period for its interest in STX OSV which ends 12 months from 12 November 2010…
APM Terminals Poti Upgrades Tugboat Services
APM Terminals Poti has added two Azimuth Stern-Drive (ASD) tugboats from the Maersk Transport & Logistics sister brand Svitzer, to significantly improve harsh weather operating capabilities and night time navigation through the entrance channel. New Svitzer tugboats can operate in harsh weather conditions, offer safer, stronger services for night time entrance channel navigation. APM Terminals Poti Managing Director, Klaus Holm Laursen said, “We are excited to strengthen our vessel handling capabilities with these advanced tugboats.
Global Logistics Index Hots Lowest in Four Years
The index that tracks shipper and freight forwarder confidence in the activity of the U.S.-Europe and Asia-Europe shipping lanes hit its lowest level in December in the index's nearly four-year history, reports Reuters. It has hit by lower margins for European freight forwarders such as Denmark's DSV because of overcapacity in shipping. The "Stifel Logistics Confidence Index," published by U.S. investment firm Stifel Financial Corp. and U.K.-based consultancy Transport Intelligence…
Outlook Bright for Freight Forwarders
The Stifel Logistics Confidence Index for May indicated some improvements from April’s decline. In particular, the six-month outlook appears bright as airfreight gained 2.8 points to 63.4 and sea freight increased 2.1 points to 62.9. Overall, the total index increased 1.1 points to 57.4. Even though this is down 0.6 points from one year ago, it is still 6.7 points higher than May 2013. Airfreight continues to lead the optimism for both the six-month outlook as well as for the present. Sea freight however, remains troublesome for the present and while some ports have settled labor issues, other issues such as the rise of the mega-vessel and larger shipping alliances are straining port operations.
STX Europe Sells Shares in STX OSV Holdings Ltd.
STX Europe Holding AS, a wholly owned subsidiary of STX Europe AS (STX Europe), has agreed to sell part of its equity interests in STX OSV Holdings Limited (STX OSV) to investment funds affiliated with OZ Management LP (Och-Ziff). The placement of 215,590,000 ordinary shares by STX Europe will be at a price of S$1.33 per share. This amounts to approximately 18.27% of the total issued share capital of STX OSV. Following the sale, STX Europe will hold 598,851,000 shares in STX OSV equal to a majority shareholding of 50.75%. STX Europe underscored that the placement was made with the objective of improving the trading liquidity of STX OSV. As a result of placement, Och-Ziff's shareholding in STX OSV will increase to 20.0%.
LNG Bunkering to Grow at CAGR of 62.5% to reach USD 24.684 bln in 2023
The global LNG bunkering market is expected to witness a CAGR of 62.5%, and is projected to reach USD 24684.7 million by 2023, said a report by Energias Market Research. The key factors driving the growth of LNG bunkering market are increase in LNG demand in order to reduce the carbon footprint in the shipping industry stringent international emission policy, the best cost-effective alternative fuel and significant rise in government initiatives supporting LNG adoption. LNG Bunkering is the practice of providing liquefied natural gas fuel to a ship for its own consumption.
Former Maersk Boss Named Unifeeder Chairman
Nils Smedegaard Andersen has been appointed Chairman of the Board of Directors of Denmark based feeder and shortsea operator Unifeeder, taking up his first directorship within the logistics and shipping industry after stepping down from his position as Group Chief Executive Officer of A.P. Moller - Maersk A/S in 2016. Andersen, who is a board member and strategic adviser to Unifeeder’s largest investor, e.g. Nordic Capital Funds, also serves as Non-Executive Director at BP plc…
Dittmann Named Chairman of SEA Europe
Kjeld Dittmann, the Managing Director of Lyngsø Marine A/S, is the new Chairman of the European Ships and Maritime Equipment Association (SEA Europe). He succeeds Govert Hamers, CEO of Vanderlande Industries in the Netherlands, who has completed his term as Chairman. The announcement was made at the SEA Europe Annual General Meeting in Istanbul on June 26 hosted by the Turkish Association of Ship Industrialists (full member of SEA Europe). “SEA Europe has established a strong voice in Brussels for both Europe’s shipyards and equipment suppliers…
APL Appoints Regional Head in Europe
APL announced the appointment of Peter Jongepier as Regional President of its business in Europe. “Peter has more than 30 years of experience in the shipping industry. I am confident he will effectively lead APL’s business across Europe, an important part of APL’s global liner activities. His familiarity with the region and knowledge of the trade, combined with his leadership qualities, will ensure continued customer focus and growth in Europe,” said APL President Kenneth Glenn. Mr Jongepier will be responsible for APL’s commercial activities in Europe, inclusive of the former Soviet Union and Turkey. He will be based in Uxbridge in the UK and will report directly to Mr Glenn. Since joining APL in 1995, Mr Jongepier has held a range of senior positions within the company.
Top Lines Resign From EPIC
Indian sub-continent - have given notice to the other consortium members. three will resign from membership of EPIC from July 2003. Nedlloyd will form a new consortium to be called EPIC 3. from Contship Containerlines and CMA CGM, plus two from P&O Nedlloyd. transit times on the route which will be maintained by the members of EPIC 3. the capacity available through the new service agreement. volumes from India/Pakistan to Europe.
Port of Cleveland’s Express Service Underway
With the departure of the vessel Fortunagracht out of Antwerp, Belgium over the weekend, the Cleveland-Europe Express service between the Cleveland Harbor and Europe via the Saint Lawrence Seaway has officially launched. The vessel is loaded with breakbulk and containerized cargo and is set to dock in Cleveland around April 17. The Cleveland-Europe Express is the only regular, scheduled international container and noncontainerized cargo service on the Great Lakes. The Port of Cleveland and Dutch company The Spliethoff Group entered into an agreement in November 2013 to begin the service.
ACR Europe Appoints Andreas Lesch Managing Director
Andreas Lesch was recently named Managing Director of ACR Electronics Europe GmbH (formerly Nauticast), and now commonly known as ACR Europe based in Vienna, Austria. market segments. In his previous position as Chief Technology Officer at ACR Europe, Lesch led development of the highly successful ACR Nauticast Class A AIS system. In early 2003, the Nauticast Class A AIS Transponder received BSH Wheelmark Approval and the AIS company went from being a technological innovator to a force in the industry. ACR Europe recently introduced a Class B AIS system known as Nauticast B, one of the first entries into the Class B category.
APM Terminals Pier 400 Los Angeles Sets New Single Vessel Record
APM Terminals Pier 400 Los Angeles has established a new single vessel cargo operations record during the call of the 13,600 TEU capacity Maersk Evora, with a combined total of 24,846 TEUs loaded and discharged over a 128-hour period. This performance eclipsed the previous record of 18,500 TEUs handled during the call of a similarly-sized vessel at the Port of Rotterdam in 2015. The Maersk Evora arrived at APM Terminals Pier 400 Los Angeles on October 19th, on the Europe-Far East/Transpacific AE6/TP6 service operated by 2M partners Maersk Line and Mediterranean Shipping Company.