• 23 Oct 2014 9:46 AM | Anonymous
    Original news was published on 22 October, 2014

    The Atlantic Supramax market continued to deal with an oversupply of ships in all its key regions, with demand for cargo insufficient for the time being in helping freight rates recover, according to Platts. On the US Gulf Coast, the number of open Supramax vessels remained high, with inquiry for front-haul and trans-Atlantic runs just enough to keep freight rates steady. The USGC-to-Asia grain route, basis 50,000 mt, was assessed flat on the day at USD 17,000/d. Also unchanged day on day was the USGC-to-Eastern Mediterranean petcoke route, basis 50,000 mt, at USD 12,500/d, Platts reports.

    A shipbroking source told Platts that trading on the USGC Supramax market came in sharp contrast to the USGC Panamax market, which was more positive for owners. But according to industry participants, the outlook for Supramaxes in the US Gulf might change for the better going forward. As the region is already overtonnaged, it ceased to be an attractive ballasting destination. So if inquiry levels stay consistent for Supramaxes, availability of tonnage would eventually tighten, Platts’ sources. In the neighboring US East Coast market, Platts reports that freight rates continued to come off as demand for cargoes was not enough to absorb a number of extra ships opening up in the area.

    The USEC-to-Eastern Mediterranean scrap metal route, basis 50,000 mt, was assessed at USD 14,000/d, down USD 1,000 from Monday. Across the Atlantic, a few more Supramax vessels were set to open up on the UK-Continent within the next 10 days, but demand for cargo out of the area was limited, which put additional downward pressure on freight rates.

    Platts reports that the Amsterdam-Rotterdam-Antwerp-to-Eastern Mediterranean scrap metal route, basis 50,000 mt, was assessed at USD 15,000/d, down USD 500 from Monday.


  • 22 Oct 2014 9:08 AM | Anonymous
    Original news was published on 20 October, 2014

    THE Port of Virginia posted an 8.6 per cent year on year container volume increase in September to 201,113 TEU, recording the third straight month throughput hit 200,000 TEU.

    It also erased last year's US$3.4 million quarterly operating loss with an operating profit of $4.3 million, reported the American Journal of Transportation.
    The port has generated an operating profit in the first three months of fiscal 2015 and in six of the last seven months in calendar 2014. Exports grew 12 per cent, or 12,080 TEU, while year-to-date numbers were up 7.1 per cent to 1,759,894 TEU, bringing in a September operating profit of US$102,827. "Heavy volumes and profitability continue, but our delivery of service to the motor carriers is not acceptable," said Virginia Port Authority CEO John Reinhart. "We are pushing our capacity limits at both Virginia International Gateway (VIG) and Norfolk International Terminals (NIT)," Mr Reinhart said. "We're already working vessels at Portsmouth Marine Terminal (PMT) and that move is designed to provide a measure of relief to VIG and NIT, but our truck gates and service time remain an immediate area of focus," he said. In September, truck volume increased 21.9 per cent. The port moved 76,782 containers by truck in September.

    "As a result, we're experiencing congestion at our truck gates and increased turn-times and this is putting a burden on our motor carriers," Mr Reinhart said.
    But the rail new was good. "On Columbus Day (October 13), the rail operation at NIT processed 1,173 containers, a new single-day record for that terminal. In rail we are hitting our tempo, and now we need to achieve that at the truck gates." In a year-to-date comparison, rail volume is up 4.4 per cent; Virginia Inland Port (VIP) up 17.4 per cent; barge containers up 8.2 per cent; truck containers up 8.6 per cent; ship calls up three per cent; and vehicle units up 6.4 per cent.

    In September, the port worked 167 vessels (container, breakbulk and ro-ro).


  • 21 Oct 2014 9:14 AM | Anonymous
    Original news was published on 20 October, 2014

    CHILE's Compania Sud Americana de Vapores (CSAV) is moving closer to the G6 alliance of carriers ahead of its merger with alliance member Hapag-Lloyd.

    CSAV plans to add two services to its IMEX 1 loop on the Indian subcontinent and Middle East to northern Europe trade lane, reports Lloyd's Loading List.

    The move will have CSAV will take space on the G6 Alliance's loop four and loop six services that stop in India and the Middle East en route between Asia and Europe.


  • 20 Oct 2014 12:27 PM | Anonymous
    Original news was published on 19 October, 2014

    POSTING its highest monthly box volume since 2006, the Port of Los Angeles' September container throughput was up nine per cent year on year to 775,133 TEU.

    Year-to-date volumes were up 7.8 per cent to 6.3 million TEU. September exports increased 0.2 per cent 150,679 TEU while empties were also up 12.2 per cent during the same period.


  • 18 Oct 2014 12:26 PM | Anonymous
    Original news was published on 17 October, 2014

    AirBridgeCargo Airlines (ABC), part of Volga-Dnepr Group and Russia’s largest cargo airline, recently celebrated the delivery of its next brand new 747-8 Freighter.

    “It is our sixth Boeing 747-8Freighter and ABC has already experienced the outstanding payload and operating economics of the 747-8 family,” said Denis Ilin, Executive President of AirBridgeCargo Airlines. “We are really excited to celebrate this most recent addition to our fleet of Boeing 747s.”
    With delivery of the sixth 747-8 Freighter, AirBridgeCargo continues to follow its long-term fleet modernization strategy with a target to serve clients with the most sophisticated equipment. The new aircraft will be used on ABC’s existing route network linking Europe, Asia and the United States via the airline’s hub in Moscow. As from October 17, the new aircraft will join the ABC’s weekly schedule, just on time to provide the market and customers with additional capacity during the upcoming cargo season.

    With this addition AirBridgeCargo’s fleet consists of total 13 Boeing 747s, including six Boeing 747-8 Freighters, four Boeing 747-400ERFs (Extended Range Freighters), three Boeing 747-400 Freighters.The new 747-8 Freighter gives cargo operators the lowest operating costs and best economics of any large freighter airplane while providing enhanced environmental performance. It is optimized to provide greater revenue cargo-carrying capability than the 747-400, offering 16 percent more cargo volume while keeping its iconic nose door.


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  • 17 Oct 2014 11:09 AM | Anonymous
    Original news was published on 15 October, 2014

    China’s shipbuilding industry has seen a slight boost in turnover, despite a slight dip in tonnage output during the first eight months of this year. Between January and August, the gross industrial output value of the 87 major shipbuilding enterprises in China saw growth of 9.8% year-on-year (y-o-y) to RMB 263.7bn. The gross output of ship manufacturing increased by 4.1% to RMB 129.5bn, according to data from the China Association of the National Shipbuilding Industry (CANSI).

    This was in spite of an 18.1% y-o-y decrease in aggregate shipbuilding in China, which fell to 22.08m DWT in total.
    Shipbuilding output for export accounted for just over 86% of China’s total output. New vessels for export totalled 19.07m DWT between January and August, down 7.3% y-o-y. The value of these exports was 4.5% more than during the corresponding period of 2013, with a value of RMB 111.6bn this year. New vessel orders placed during the eight-month period totalled 47.4m DWT, up 35.8% y-o-y. Export orders for new vessels increased by 50% y-o-y, totalling 44.65m DWT, and constituted 94.2% of total new ship orders at Chinese yards. At the end of August, there was a total of 153.7m DWT on order at Chinese shipbuilding enterprises, the CANSI data says, an y-o-y increase of just over one-third, and up 17.3% on the tonnage on order at the end of 2013. Of these orders, vessels for export accounted for 146.16m DWT – equal to 95.1% of China’s shipbuilding orderbook at the end of August. There was a 57.2% increase in tonnage on order compared to the same period last year.

    Big gains in turnover were also seen in China’s ship equipment and repair sectors. The gross output of the ship equipment industry grew 15.8% y-o-y to RMB 21.5bn over the eight-month period. The gross output of the ship repair sector increased 14.4% y-o-y to RMB 8.44bn.


  • 15 Oct 2014 9:46 AM | Anonymous
    Original news was published on 13 October, 2014

    THE port of Shanghai handled 3.01 million TEU in September, an increase of 3.7 per cent compared to the same period a year ago, according to data compiled by Shanghai International Port (Group) Co (SIPG).

    But on a month-on-month basis, September's volumes were 3.2 per cent lower than August's throughput of 3.11 million TEU.

    In the first nine months of the year, the world's busiest container port's throughput rose 5.1 per cent year on year to 26.45 million TEU.


  • 14 Oct 2014 11:05 AM | Anonymous
    Original news was published on 13 October, 2014

    THE UN's International Maritime Organisation (IMO) should share shipping companies' private data on ship efficiency and fuel consumption, say environmental lobbies Transport & Environment (T&E), Seas at Risk (SAR) and Carbon War Room, reports London's Tanker Operator. Environmentalists say the IMO and the EU should oppose shipowners resisting disclosure of performance data, or who resist mandates to publicise it themselves. The lobby groups said that the lack of available data makes it more difficult to mount publicity campaigns to save the world from global warming. This week the eco groups have submitted briefs to the IMO's Marine Environment Protection Committee (MEPC) in London from October 13 - 17 this week to demand that shipping companies divulge what they consider private commercial information. Members of the Clean Shipping Coalition have used research by the University of Gothenburg that says transparency is essential to reduce green house gases and "develop a sustainable low-carbon future". Jessica Coria, professor of environmental rules and regulations at the university, said: "Social and market pressure resulting from information disclosure can generate strong incentives for control in a way that enforcement tools may not."

    Failure to make ship performance data available would be neither productive, nor in the best economic interests of the industry, she said, adding that its availability would drive down costs.
    Said Clean Shipping Coalition president John Maggs: "Transparency of data will help drive down industry costs, improve the functioning of the shipping market and lead to desperately needed reductions in ship GHG [green house gas] emissions. Said Transport & Environment shipping manager Bill Hemmings: "Energy performance data is an essential first step to reducing the sector's emissions, which are predicted to treble by 2050 on a business-as-usual basis and threaten attempts at tackling dangerous levels of climate change."

    Said Carbon War Room senior associate Victoria Stulgis: "Carbon War Room knows a lack of access to data is a major barrier to the take up of clean technologis, so we urge the IMO to deliver open access to EEDI [Energy Efficiency Design Index] data."
    Said Rightship CEO Warwick Norman: "The take-up of RightShip's A to G efficiency rating is an example of the market moving faster than industry regulations. In 2012 we had three charterers using A-G - now we have over 30 customers, including ports, terminals and banks, who factor energy efficiency into their vessel selection criteria."


  • 13 Oct 2014 10:53 AM | Anonymous
    Original news was published on 12 October, 2014

    EVERGREEN is to commence a new service linking the Far East to eastern India by taking slots on the Far East-India Express 'IFX' service. The 'IFX' service is operated jointly by Hanjin, TS Lines and Simatech, under a slot exchange arrangement with Simatech involving the latter's slots on an Evergreen Far East-Middle East-Indian subcontinent service, reported Alphaliner.

    Evergreen will also brand the service 'IFX.' The carrier's first sailing is scheduled for October 26 when the 4,252-TEU Holsatia operated by Simatech will depart from Kwangyang.
    The IFX will enhance Evergreen's coverage of the FE-East India trade, so far covered via transshipment. It complements Evergreen's direct FE-western India coverage, offered through Mumbai's Nhava Sheva gateway with its participation to the FE-India 'CIX' and 'CIX2' services.

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