Home >> Array

Array

Tianjin Lingang port to build 12 new berths

PostTime:2019-02-15 23:21:43 View:6

Tianjin Lingang Port Group plans to expand its port facilities this year at its Dagukou port with 12 new general cargo handling berths.   Lingang is to build twelve 100,000 tonne-class and 150,000 tonne-class multi-purpose berths and an 11 sq km bonded area. When the whole port project is completed, its handling capacity will exceed 100m tons. It will also open night navigation in the port area of Dagukou this year to improve its service quality.   Currently, Dagukou port focuses on the transportation of bulk cargo, grain, oil and liquid chemical products.   In 2018 Tianjin Lingang Port Group reported 17m tons in cargo throughput with its self-operated breakbulk berths handling 10m tons for the first time.

Shandong Shipping sets up jv for fleet expansion

PostTime:2019-02-15 23:19:54 View:5

Chinese state-owned Shandong Shipping Corporation has announced it is setting up a joint venture with ICIL Maritime Leasing (International) Company Limited (a wholly owned subsidiary of ICBC Leasing) through its subsidiary Shandong Shipping (Hong Kong). The new jv, tentatively named as Hai Kuo Shipping 1916B Limited, is to be registered in Marshall Islands, and aims to expand the fleet size and revenues of Shandong Shipping. Shandong Shipping said the newly established Hai Kuo Shipping 1916B will bring positive impacts to the company’s fleet structure upgrading and financial results, the investment is in line with the company’s long-term development strategy. Shandong Shipping currently operates the third largest bulk carrier fleet and the largest LPG tanker fleet in China.

APL launching new SE Asia - Australia service

PostTime:2019-02-15 23:18:50 View:5

 APL is launching a new service Australia and Southeast Asian ports. The Australia Asia Express 2 (AAX2) service will connect ports in Vietnam, Malaysia, Singapore and Indonesia with the Australian cities of Brisbane and Sydney. The service will be the only direct link between Ho Chi Minh City, Vietnam and Brisbane and Sydney with a transit time of 16 and 18 days respectively. The service which starts from Ho Chi Minh City on 15 March will also connect into APL’s mainline network via the transhipment hubs of Singapore and Port Klang. The service rotation will be Ho Chi Minh City – Port Klang – Singapore – Jakarta – Brisbane – Sydney – Port Klang – Ho Chi Minh City.

Cosco Shipping Lines joins hands with Bolloré Transport & Logistics

PostTime:2019-02-15 23:18:02 View:9

China’s top container carrier Cosco Shipping Lines signed a strategic Memorandum of Understanding with Africa-based Bolloré Transport & Logistics to develop new opportunities in transport, logistics and port infrastructure. The two companies have agreed to explore the possibilities of collaboration to develop their respective activities and improve the satisfaction of their customers, particularly in terms of digitalization. "The new agreement has significant meaning to both of the two companies to further develop global business,” said Wang Haimin, managing director of Cosco Shipping Lines. The two companies have collaborated over the past 20 years in different sectors. Cosco Shipping Lines has a fleet of 376 container vessels, with a total capacity of 2.1m teu as the end of 2018, ranking the 4th place globally.

Shipowners and charterers face Brexit like uncertainties with IMO 2020 sulphur cap

PostTime:2019-02-15 23:16:27 View:4

Lawyers from Reed Smith liken the raft of uncertainties facing shipowners and charterers in their charter contracts relating to compliance with the IMO’s 2020 sulphur cap to that of the UK with Brexit. Speaking to Seatrade Maritime News, Reed Smith Singapore partner Daniel Perera, and S Mohan, managing director of Reed Smith’s Singapore alliance firm Resource Law, listed a range of uncertainties around sulphur cap compliance including fuel price in 2020, availability of low sulphur fuels, fuel quality and engine compatibility, and the regulation of open-loop scrubbers. “It’s a little bit like Brexit because no-one actually really knows what is going to happen and how this is all going to come out in the wash,” Perera comments in an interview. “You’ve still got all sorts of new developments to deal with on almost a daily basis, and there is no doubt there will be disputes arising out of this.” With strong practices in both shipping and commodities Reed Smith is seeing the equation both from the shipowner’s and charterers perspectives. From the shipowner perspective Mohan says that in Asia they see a lot anecdotal evidence that smaller owners were, “still waiting to decide when to get their act together in terms of installing scrubbers”. Given the lead time for ordering and installing a scrubber this he says means owners are “technically left themselves with just one option” come 1 January 2020 - to use low sulphur fuel oil. Perera comments that these owners will be “hostage to price and availability”. Mohan foresees a “discernible increase” in the number of disputes arising from the use of low sulphur fuels due to the nature of the fuels themselves, issues of engine incompatibility and the inability of crew to deal with issues arising from the new fuels. Looking at the charter said Perera explains, “We act for some of the world’s largest charterers, including the largest charterer, and they all have this level of uncertainty as to how this will play out and how their charters will be affected by this, what they need to do and ultimately how they will impacted by this.” There is a question of how it will impact the price of commodities as ultimately someone in the chain will have to pay for the cost of compliance with the low sulphur regulation. “We’ve seen clients approach it from a number of different angles and what’s clear is there is no firm industry view as to how this will play out, and this prevails,” he says. In terms of clauses for the sulphur cap that are being written into charter contracts Perera questions the ability to enforce these clauses given the way they are written. “We’ve seen a number of attempts by parties dealing with it [IMO 2020] in charter clauses and one of the prevailing themes is a large part of it is vague or banking on the ability to review all of this closer to the time or post implementation. How easy any of this is going to be to enforce within charter parties is anyone’s guess at this stage.”

Asia-Europe freight rates to remain depressed as tsunami of capacity looms

PostTime:2019-02-15 21:50:49 View:3

SURPLUS container shipping capacity on the Asia-Europe trades is again rearing its head, triggering projections that freight rates will rise by just 6.5 per cent even though freight rates are 25 per cent lower than in 2013, according to London analysts Drewry that calculates total cellular capacity of 450,000 TEU is scheduled to join the ranks this year. Between this year and next, box ships aggregating 1.1 million TEU are due to be delivered following an increase of 530,000 TEU capacity delivered in 2018, exerting further pressure on Asia-Europe freight rates. Attempts to mitigate the effects of these behemoths entering the trades include deploying mega ships on the Asia to Middle East trades for the first time, slow steaming and adding an extra ship to a number of services and boosting the number of blanked sailings. Vessels Value, a London-based shipbroker and shipping data specialist, indicated that there are 90 ships of 18,000 TEU currently on order and slated for delivery this year and next, reported FreightWaves, New York. These vessels can only be deployed on the Asia-Europe trades owing to their sheer volume and will add significant capacity to the 120 ships aggregating 1.8 million TEU already plying these routes. Drewry Container Research senior manager Simon Heaney told FreightWaves that most of the 450,000 TEU newbuild capacity will be delivered to the Ocean and 2M alliances. Cosco, part of the Ocean Alliance, will take delivery this year of six vessels of between 19,000 and 21,000 TEU, while Mediterranean Shipping Company from the 2M Alliance with Maersk Line has ordered 12 vessels of 23,000 TEU, with seven or eight of them slated for delivery in 2019, according to Maritime Strategies International (MSI) analyst Daniel Richards. Mr Richards believes that MSC is eager to receive as many of these vessels as possible because they will be fitted with scrubbers and will be able to use cheaper high-sulphur-content marine fuel after the new International Maritime Organization regulation is enforced on January 1 2020 (IMO 2020). After this date vessels not fitted with scrubbers will need to use the more expensive low-sulphur-content fuel. For the first time, the Asia to Middle East trades are to see 20,000 TEU vessels deployed in this region, with the Ocean Alliance's 'Day 3' network revamp hiving off the Far East-Middle East leg from a transpacific pendulum service to create a dedicated Far East-Middle East service, the ME5. The new dedicated loop is expected to use 20,000 TEU units instead of 10-13,000 TEU ships on the previous loop. Drewry also points out that to achieve the projected rate increase ships must have a greater utilisation (load) rate of 90 per cent. However, westbound Asia-Europe utilisation has averaged 80-85 per cent and should that level of utilisation persist, rates will dive again.      

Fire-stricken APL Vancouver heading for Singapore

PostTime:2019-02-15 21:49:03 View:3

THE fire-stricken 9,200 TEU APL Vancouver is on its way to a Singapore lay-by berth for inspection by surveyors, following the decision last week to declare general average (GA). The fire broke out in the early hours of January 31 off the Vietnamese coast while the vessel was on its way from China to Singapore. The blaze started in a cargo hold forward of the vessel's accommodation block. The ship had to be partly evacuated during the firefighting operations and APL said that there were no reported injuries to crew members. The CMA CGM subsidiary declared GA on February 7, instructing salvor Ardent Marine on Lloyd's open form terms, but details of the average adjustors have not so far been advised. GA is a principle of maritime law where damages and salvage costs are shared among the cargo in proportion to its value. London-based marine claims firm WE Cox Claims Group said it expected cargo loss on the APL Vancouver to be "significant" after several days of water being pumped onto the ship and cargo to fight the fire. Unconfirmed reports advise that the ship, which operates on APL's CIX (China-India Express) service, had around 4,500 containers on board. APL said today the vessel had been cleared for departure to Singapore following inspections by the salvage team and a classification society surveyor, and that additional safety measures had been provided, including an escort tug for the duration of the voyage. Shippers with cargo on the vessel face weeks of uncertainty over the status of their shipments and the details of what GA security will be needed, reports UK's The Loadstar. Meanwhile, shippers with containers on the 7,500 TEU Yantian Express, which caught fire off the Canadian coast on January 3, are now beginning to discover the status of their cargo. The vessel, operating on the east coast Loop 5 of THE Alliance Asia-US east coast service, arrived at its nominated safe harbour in Freeport, Bahamas on February 4. Hapag-Lloyd declared GA on January 25 and the carrier, along with The Alliance partners ONE and Yang Ming have advised that there are 198 containers that are "most likely" to be a total loss to fire damage and a further 460 that were stacked in the vicinity of the fire will require inspection. Of the expected total-loss containers, ONE has the highest number, 99, followed by Hapag-Lloyd with 68 and Yang Ming with 31. It is estimated that less than 50 per cent of containers shipped globally are insured.    

US-China trade talks at a higher level start in Beijing as March deadline looms

PostTime:2019-02-15 21:47:38 View:3

THE US-China trade talks in Beijing have moved to a higher level in a push to de-escalate a tariff war ahead of a March 1 deadline for a deal. US Treasury Secretary Steven Mnuchin said he was looking forward to trade talks with China without elaborating to reporters as he left his hotel. He and US Trade Representative Robert Lighthizer opened the meetings shortly afterward at the Diaoyutai state guest house with Chinese Vice Premier Liu He, the top economic adviser to Chinese President Xi Jinping. US tariffs on $200 billion worth of imports from China are scheduled to rise to 25 per cent from 10 per cent if the two sides don't reach a deal by the deadline, increasing pressure and costs in sectors from consumer electronics to agriculture. US President Donald Trump told reporters on Wednesday that the negotiations had been progressing "very well". Mr Trump has said he did not expect to meet Mr Xi prior to March 1, but White House Press Secretary Sarah Sanders has raised the possibility of a meeting between the leaders at the president's personal retreat at Mar-a-Lago in Florida. US Department of Agriculture Deputy Secretary Stephen Censky said on Wednesday that the two presidents were expected to meet "sometime in March", but no dates were set. The Chinese government has offered few details about the state of negotiations this week, reports CNBC.  

Former Sinopacific Shipbuilding chairman Simon Liang arrested

PostTime:2019-02-02 14:14:50 View:16

Liang Xiaolei (Simon Liang), former chairman and ceo of Chinese private shipyard company Sinopacific Shipbuilding, has been arrested by Myanmar police over tax issues. Liang had entered Yangon via Hong Kong, and was arrested at Rangoon international airport when heading to Thailand. He is alleged to have avoided and refused to pay tax of over RMB1m, and a court in Ningbo issued an arrest warrant for him. Liang has been handed over to Chinese police. Liang, born in Zhejiang province, operated family business Evergreen Holding Group with his father in Ningbo, which is engaged in the investment and development of heavy industry sector including shipbuilding, offshore engineering and logistics. He founded Sinopacific Shipbuilding Group in 2004, which was formerly known as Jiangsu Sinopacific Shipbuilding, based in Shanghai. The company was declared bankruptcy in 2017 due to the lack of capital and unpaid debts. Currently, Evergreen in Ningbo had suspended operations and laid off many of its staff. Both Liang and his father are facing several lawsuits, many of their properties went under the hammer.

TS Lines to upgrade fleet for business expansion

PostTime:2019-02-02 14:13:51 View:14

Taiwan-based container ship operator TS Lines plans to expand its core business from mainland to Asia and upgrade its fleet. The company will upgrade the size of containerships deployed for several routes of Korea-China-Malaysia, Korea-China-India-Pakistan and Australia from 2,800 teu to 4,250 teu; 5,000 teu to 6,500 teu and 4,250 teu to 5,500 teu separately. It will assign 4,250 teu container ships for its new route of China-Malaysia 3 (CM3). The company also plans to newly launch the shipping route for China - Ho Chi Minh City and deploy more ships for Japan-Singapore/Malaysia, disclosed by TS Chen, ceo of TS Lines. According to Chen, the company is considering an order of new container ships between 1,000 teu and 2,800 teu this year, aims to have a self-owned fleet of 18 ships in the coming years. TS Lines, established in 2001, is the fourth largest ocean freight company in Taiwan. The company currently operates a fleet of 37 container ships, including six self-owned containerships.

K Line trialing exhaust waste heat recovery generator

PostTime:2019-02-02 14:12:12 View:18

K Line and Kobe Steel are trialling a system that converts waste heat from the engine exhausts to generate electricity. The 91,000 tonne coal carrier Corona Youthful has been installed with a binary cycle power generation system which can generate up to 100kW of electric power from the main engine exhaust heat from the main engines. The electricity generated can be used as auxiliary power for the vessel instead of diesel generators. The system will be trialled over the next three years on the Corona Youthful to verify the durability and performance. K Line said the binary cycle power system was one of the systems be considered to help it reach the IMO’s goal for 70% CO2 emission reductions by 2050.

Shippers brace for losses, Yantian Express general average declared

PostTime:2019-02-02 14:09:17 View:17

AS the smouldering 7,501-TEU Yantian Express heads to Freeport in the Bahamas after a devastating fire, shippers brace themselves for heavy losses now that a General Average (GA) has been declared by Hapag-Lloyd. This means losses incurred by some parties will be mitigated by apportioning a percentage of the costs between cargo owners, their insurers and the shipping company, Hapag-Lloyd. Last March 2018 the tragic events during fire aboard the 15,262-TEU Maersk Honam set the ball rolling for potentially 'hundreds of millions of dollars in claims' according to the British International Freight Association (BIFA).  The complexity of these situations has increased of late as the vessel sharing arrangements, such as those between Hapag Lloyd and the Ocean Network Express (ONE) means a variety of shipping companies may have contracted with shippers for the cargo affected. As in the case of the Maersk Honam the appointed General Average and Salvage Adjusters will be Liverpool headquartered Richards Hogg Lindley, and full details of the situation can be obtained by downloading the relevant documents from the appropriate portion of the Hapag Lloyd website. Cargo owners who wish to claim their goods when the tally is pronounced in Freeport will doubtless be asked to pay the delegated proportion of General Average costs prior to release of the freight, reported the UK Handy Shipping Guide.  Doubtless most of the affected cargo will then need to be shipped to Halifax, the original destination of the Yantian Express, said the report. The York Antwerp Rules which outline the details of General Average are complex. Dependant on the precise nature of the event that prompted invocation of the rules certain expenses can be passed on, in whole or in part, to those affected.  The rules covering GA, as it is universally known were drawn up in 1890, subsequently seeing several updates and with the latest set of amendments in 2004.