• 11 Jul 2014 8:34 AM | Anonymous
    Original news was published on 10 July, 2014

    THE container charter market rates for both large and small vessels are enjoying a summer peak season rebound, whilst rates for medium-sized tonnage remain stagnant in light of stalling demand.Charter rates for overpanamax tonnage rose on the back of limited vessel supply and firm demand, reported Alphaliner.

    Denmark's Maersk Line fixed the 8,540 TEU Seroja Empat, sublet from MISC Bhd, for four to six months at US$26,500, an increase on the $25,500 paid in May by UASC on the same ship for a Pacific round voyage.

    MSC has secured the 6,966 TEU Schulte-controlled Adrian Schulte for 12 months at $20,500. The vessel recently ended a five-year charter with APL at a much higher rate of $37,250. Hamburg Sud has sublet the 6,612 TEU Zodiac-controlled Cap Aguilar to Maersk for three to five months at $16,500, a loss making deal for the German company which originally fixed the vessel in November 2013 for a 12-month charter at $22,000. The 4,000-5,000 TEU wide-beam sector continues to generate interest with Maersk extending the 5,071 TEU Thenamaris-controlled Seasmile for 12 months at $16,650, less than the $18,100 Maersk was so far paying.

    NYK fixed the 4,620 TEU Hamburger Lloyd-controlled RHL Calliditas for nine to 12 months at $15,500, slightly above what the Japanese operator paid for a sister vessel for a similar period in early June. The panamax market continues its rally with rates finally reaching $10,000, as illustrated by the fixture of the 5,050-TEU Margrit Rickmers for an Asia-US east coast round voyage. MSC fixed the sister vessel Pinehurst Kontor for six to nine months at $9,900; and OOCL secured in Asia the 5,041-TEU Patjens-controlled Herma P for seven to nine months at $9,700.

    This rate is a huge blow for Patjens, who enjoyed a rate of $28,000 from an eight-year charter with P&O Nedlloyd that recently expired. The 3,000-3,500 TEU market is at last seeing some progress with rates hitting the high $7,000s, up from recent fixtures of low to mid $7,000. The higher rates for larger panamax ships have also forced charterers to consider smaller tonnage. CMA CGM has extended the 3,586 TEU HS Bizet for seven to 10 months at $7,750. The vessel is deployed by CMA CGM's affiliate ANL on the North America-ANZ 'Oceania' service operated jointly with Hapag-Lloyd and Hamburg Sud.

    In Asia, MOL fixed the 3,380-TEU William Shakespeare for two months at the same rate. The vessel is to join the new Asia-west Africa service that MOL recently launched with Evergreen and COSCO.


  • 10 Jul 2014 8:40 AM | Anonymous
    Original news was published on 8 July, 2014

    EVERGREEN Marine is taking delivery of its last 8,508-TEU container ship, the Ever Lucky, out of an order for 20 vessels placed with Samsung Heavy Industries. The ship will join the Asia-US west coast trades.

    While integrating the new ships into its fleet, the carrier plans to return two dozen chartered ships by 2015.

    The company is gradually increasing its operating capacity to meet rising demand as the global economy recovers, group vice chairman Bronson Hsieh said last month.

    He says he can almost see the 'light at the end of the tunnel' for the container shipping industry despite the ocean liner posting a loss of NTD1.69 billion (US$56.5 million), but is forecasting a rebound in the second half.

    The carrier will receive five ships of the same L-type model from CSBC Corp by the third quarter of next year.


  • 09 Jul 2014 8:42 AM | Anonymous
    Original news was published on 8 July, 2014

    CH2M HILL has been awarded a contract by PKP PLK to carry out the feasibility study and design for the electrification of a railway line in Poland.

    PKP PLK plans to modernize about 30 kilometers of rail line that runs from Wegliniec to Gorlitz at the country border with Germany, as part of a larger US$1.1 billion rail modernization project.

    The project contract is worth about US$513,000, CH2M HILL said in a statement. The Colorado-based engineering company will analyze socio-economic factors, traffic, railway infrastructure, rolling stock, network power systems, as well as environmental impact assessments. In addition, the transportation team will provide construction design and cost estimates for the operation and maintenance of power lines, substations and overhead line equipment.

    The work will be completed by the end of November 2015.


  • 08 Jul 2014 8:30 AM | Anonymous

    Original news was published on 6 July, 2014

    HYUNDAI Merchant Marine (HMM) is to take delivery of the Hyundai Victory, the fourth of five 13,100-TEU ships ordered in August 2011 from Daewoo Shipbuilding & Marine Engineering.

    The shipping line paid a total of US$129 million per ship, reported Alphaliner. The newbuilding will be deployed on the G6 Asia-Europe Loop 7.

    This delivery follows that of the Hyundai Drive, delivered two weeks ago. The last ship, the Hyundai Pride, is due to be delivered in late July.

    These five newbuildings, controlled by HMM, add to five ships of the same size delivered in 2012 by the Hyundai Samho shipyard and financed by interests related to Greek owner Danaos.


  • 07 Jul 2014 8:38 AM | Anonymous
    Original news was published on 6 July, 2014

    ICELANDIC shipping company Eimskip is to receive 875-TEU Lagarfoss, the first of two geared containerships ordered from China's Rongcheng Shenfei SB Co in September 2011 at a total price of US$50 million.

    The delay of a year for both vessels meant the price tag dropped by $11 million, reported Alphaliner. The Lagarfoss is to join Eimskip's Iceland-UK and Rotterdam fortnightly service, the 'Yellow Line' and to replace the 724-TEU Selfoss as of mid August from Rotterdam.

    It will have a cargo of brand new reefers purchased in China, and goods carried within the frame of the recently signed free-trade agreement between China and Iceland.

    The Lagarfoss and sister vessel are based on the 'Mawei 870' design which is fitted with 231 reefer plugs and offers a commercial speed of 18 knots.

  • 05 Jul 2014 9:11 AM | Anonymous

    Original news was published on 4 July, 2014

    HAROPA has been named the best of Europe's eight biggest ports, beating Rotterdam, Antwerp and Hamburg, for the fourth year in a row.

    The port was honoured by readers of Cargonews Asia; and the prize was awarded in Shanghai by Kerry Logistics' general manager for the eastern region of Mainland China, Henry GENG. 

    Chairman of the Grand Port Maritime du Havre and HAROPA president said, "This is also a deep proof of confidence from our customers.

    "By their voting, more than 18,000 importers-exporters, logisticians, freight forwarders and other shipping companies present in Asia salute the dynamic move inspired by HAROPA, the number one French port complex."


  • 04 Jul 2014 9:27 AM | Anonymous
    Original news was published on 2 July, 2014

    Nantong port five-month container volume up 17pc to 267,900 TEU
    THE Port of Nantong in eastern China's Jiangsu province posted a 17.1 per cent year-on-year increase in container volume to 267,900 TEU in the first five months of the year, reports Xinhua.

    The port's container throughput increased 30 per cent year on year and 8.3 per cent month on month to 67,500 TEU in May, another record high after April.

    Overall cargo volume in the month went up 11.5 per cent year on year and 5.9 per cent month on month to 18.67 million tonnes.

    From January to May, its overall cargo throughput climbed 10.5 per cent year on year to 88.32 million tonnes.

    Rebuilt in 1956, it was the first modern port designed and developed after the founding of the People's Republic of China and serves as the headquarters for the People's Liberation Army Navy's South Sea Fleet.

  • 03 Jul 2014 2:09 PM | Anonymous

    Today it is our pleasure to inform you that following their UK office, JAG UFS (INTERNATIONAL) LTD. now also has became a registered agent of 3F from CHINA, as well. We welcome JAG UFS (INTERNATIONAL) LTD. China  team on board of Freight Forwarders Family ! Wish you a good cooperation together !


    ADDRESS: Unit 712, Blk East, Coffee Loft Office, 12069 Shennan Road, Nanshan District, Shenzhen, CHINA
    CONTACT: Jojo Tan/ Far East General Manager
    CONTACT: Biven Wen / Sea Freight
    CONTACT: Sandy Hu / Air Freight
    CONTACT: Shark Yang
    TEL:+86 (755) 8665 5428
    FAX:+86 (755) 8665 4919

  • 03 Jul 2014 8:17 AM | Anonymous

    Original news was published on 2 July, 2014

    1.55-million-ton capacity plant at ExxonMobil’s Baytown complex

    Bechtel and Linde have been awarded a contract to design and build an ethylene plant in Texas for ExxonMobil. The plant will be built just east of Houston at the ExxonMobil Baytown Complex.

    At a capacity of 1.55 million tons of ethylene per year, the new facility will be one of the world’s largest ethylene plants, Bechtel said in a statement. Construction will begin immediately, with design and procurement of key equipment already under way.

    Linde is responsible for engineering, procurement and services during pre-commissioning and commissioning of the new facility. Bechtel is responsible for the construction of the facility and related procurement.

    In 2011, Bechtel and Linde formed an alliance to provide design-build services for ethylene cracker facilities in North America. The pair in 2002 built a petrochemicals complex in the United Arab Emirates.

  • 02 Jul 2014 8:35 AM | Anonymous
    Original news was published on 1 July, 2014

    Vestas will supply a total of 450 megawatts worth of turbines for two EDF Renewable Energy projects in the U.S.

    The first order from EDF was for 75 turbines at the Slate Creek Wind Project in Kansas and the second for 150 turbines for the Roosevelt Wind Project in New Mexico. The orders are part of a supply agreement for 1,174 megawatts signed with EDF in September 2013.

    “Slate Creek will be our first V110-2.0 MW project with EDF RE, and Roosevelt will be the largest wind park in New Mexico,” Chris Brown, president of Vestas’ sales and service division in the U.S. and Canada, said.

    The nacelles, blades and towers for both projects will be manufactured at Vestas’ factories in Colorado.

    Delivery of the 150-megawatt Slate Creek project will take place in the third quarter of 2015 with commissioning expected in the fourth quarter of the same year. Delivery of the 300-megawatt Roosevelt project is scheduled for the second quarter of 2015 with commissioning expected by the end of the year.

    *NEWS SOURCE Registered & Protected Protection Status