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Heavyweight lifting capacity – world’s largest mobile harbour crane arrives in Port Esbjerg

PostTime:2019-08-23 07:23:55 View:19

The world’s largest mobile harbour crane has arrived in the Danish port of Esbjerg as it gears up to handle ever larger wind turbines and offshore installations. The Liebherr crane with a lifting capacity of 308 tonnes arrived in the Esbjerg port on Wednesday from Germany. One of just 12 cranes of its type in the world, it weighs some 800 tonnes and is 48 metres high. The new Liebherr LHM 800 crane is designed to cater to ever larger parts being used in wind turbines in the North Sea as heavy machinery and production parts. “We need to be able to handle more and more heavy cargo in the future, and therefore we need to upgrade our capacity. I’m also pleased to note that few other ports in the world have a crane like this one, because it shows that Port Esbjerg is an international heavyweight,” said Dennis Jul Pedersen, ceo of the Danish port. Combined with other mobile harbour cranes in the port Esbjerg can now offer a lifting capacity of up 448 tonnes with two cranes working together. The port handles over 4.5m tonnes of cargo annually. Customers wanting to learn more about the new crane see it an Open Port event on 30 August. In Numbers: The Liebherr LHM 800  Weight: 795 tonnesLifting capacity: 308 tonnes Tower height: 47.9 metres Boom length: 66.0 metres Number of axles: 34 Number of wheels: 136 Posted 22 August 2019

DP World reports 22% jump in H1 profits on diversification strategy

PostTime:2019-08-23 07:22:24 View:16

Terminal operator and maritime services company DP World a  22% jump in first half profit to $753m as diversification pays off against an uncertain global economic backdrop. DP World saw a 31.9% growth in revenues $3.46bn driven by acquisitions and growth in non-container revenues. Sultan Ahmed Bin Sulayem, group chairman and ceo of DP World, said: “DP World is pleased to report like-for-like earnings growth of 22% in the first half of 2019 and attributable earnings of $753m. This strong financial performance has been delivered in an uncertain trade environment, once again highlighting the strength of our portfolio. ‘We have continued to make progress on our strategy to become a trade enabler and solutions provider as we look to participate across a wider part of the supply chain. We have invested significantly across our Ports, Logistics & Maritime Services businesses.” In the first half of the year DP World acquired P&O Ferries and offshore vessel owner and operator Topaz Marine & Energy. Read more: DP World expands in offshore acquiring Topaz Energy and Marine in $1.08bn deal “Going forward, we aim to integrate our new acquisitions and deliver synergies with the objective of providing smart end-to-end solutions, which will improve the quality of our earnings and drive returns,” he said. Capital expenditure across its existing portfolio in the first half of the year was $636m and expected to reach $1.4bn for the year as a whole with investments planned into UAE, Posorja (Ecuador), Berbera (Somaliland), Sokhna (Egypt) and London Gateway (UK). Looking ahead Bin Sulayem commented: “While the near-term trade outlook remains uncertain with global trade disputes and regional geopolitics causing uncertainty to the container market, the strong financial performance of the first six months also leaves us well placed to deliver full-year results slightly ahead of market expectations.”

Zhoushan Changhong reported to have acquired isolvent Ouhua Shipbuilding

PostTime:2019-08-23 07:20:56 View:18

THE administrators of bankrupt Zhejiang Ouhua Shipbuilding has managed to sell the entire assets of the shipyard during a second round auction. The assets were sold for a discounted price of CNY958 million (US$135.7 million), after the first auction with a starting price of CNY1.19 billion ($173 million) failed at the end of July. The assets sold include the shipyard's land properties, shipbuilding equipment, inventories, as well as eight unfinished container ships with capacity ranging from 1,700 TEU to 5,300 TEU. The buyer's name was not disclosed in the auction. But Singapore's Splash247 understands that the buyer is Zhoushan Changhong International Shipyard, which is located only 40km away from Ouhua's shipyard. Started off as a ship repair yard, Zhoushan Changhong has developed into a shipbuilding yard with a diversified shipbuilding portfolio in recent years. Currently the shipyard has six 2,700 TEU boxships, six 1,800 TEU boxships and two ultramax bulkers on its orderbook. Last year, China International Marine Containers (CIMC) made a major investment into Zhoushan Changhong as part of an agreement to collaborate on shipbuilding business.    

Ocean Network Express boosts Asia-Australia services

PostTime:2019-08-23 07:19:28 View:19

JAPAN's Ocean Network Express (ONE) is to enhance services covering Asia and Australia. The Singapore-headquartered container liner said starting October 2019, ONE's South East Asia-Australia service will be expanded to a 2-loop service, SEA Australia Loop 1 (AU1) and SEA Australia Loop 2 (AU2). Both AU1 and AU2 will be launched through a joint-partnership with ANL, Hapag-Lloyd and Maersk Line, offering improved frequencies and market competitive transit times, with direct port calls at Laem Chabang, Port Kelang and Jakarta. ONE's current service between North East Asia-Australia, operated jointly with Maersk Line, continues operation with added double call at Brisbane. The SEA Australia Loop 1 (AU1) will operate with seven vessels at a nominal capacity of 8,500 TEU and the first sailing will commence on October 23 from Laem Chabang. The port rotation of the AU1: Laem Chabang, Tanjung Pelepas, Singapore, Port Kelang, Fremantle, Adelaide, Melbourne, Sydney, Brisbane, Singapore, Port Kelang, Tanjung Pelepas and returing to Laem Chabang. The SEA Australia Loop 2 (AU2) will operate with six vessels at a nominal capacity of 5,700 TEU and the first sailing will commence on October 25 from Tanjung Pelepas. The port rotation of the AU2: Tanjung Pelepas, Port Kelang, Singapore, Brisbane, Sydney, Melbourne, Adelaide, Fremantle, Jakarta and returning to Tanjung Pelepas. The NEA Australia Loop (AUN) will operate with seven vessels at a nominal capacity of 5,500 TEU with a port rotation of Yokohama, Osaka, Busan, Qingdao, Shanghai, Ningbo, Brisbane, Sydney, Melbourne, Brisbane and returning to Yokohama.  

The upside and downside of the Maersk-BlackBuck truck aggregation deal

PostTime:2019-08-22 15:32:53 View:3

By striking a partnership with Maersk Line, the on-line truck aggregator BlackBuck is making itself attractive to big venture capital funds, but its inexperience in the container market could pose risks in delivering on the contract involving hundreds of lanes across India, says logistics industry sources. For Maersk, it is a ‘bigger advantage’ as it frees the world’s biggest container shipping company from the ordeal of dealing with multiple truck vendors – particularly on the sensitive rates – which has become operationally difficult. “Maersk is seeking to control the door to door model; so, right from a place such as Dubai, it is going to deliver the container all the way up to Aurangabad at a certain cost including shipping and inland logistics, just like how it does with trains now. Maersk is running block trains in India that give customers haulage till their door-step,” a logistics industry executive familiar with the business, said. For Blackbuck, the deal enhances the valuation play and catapult it into a Unicorn.But, there are downsides to the partnership. “BlackBuck may find it difficult to deliver because aggregation of container trailers is tougher than bulk trucks which they have only been doing so far,” the industry executive said. In the container business, the vehicle types are different and the asset ownership market is also different. In bulk, there is a large segment of single truck owners, whereas in containers, the smaller ones will be owning not less than five trailers while the bigger players will have some 1,000 trailers. So, trailer aggregation in containers would be difficult, he said. “Plus, the rates that BlackBuck have negotiated with Maersk could fetch negative freight for the aggregator,” he said. “Because, BlackBuck would not be able to place a truck on the rates which they have got from Maersk on most of the lanes even after factoring in a margin,” he said. “The market is very competitive and for aggregators, bulk of the routes are running currently on very thin margins, and another layer will make it more negative ensuring the middle-man losses money,” the executive said. For instance, if Maersk is offering BlackBuck Rs 46,000 for a round-trip on the Mumbai-Aurangabad lane, BlackBuck will best be able to get a trailer at Rs 50,000. So, it will be running on a negative freight of Rs 4,000,” he said. By accepting the terms set by Maersk for the road bridging platform, BlackBuck is going after the volumes, top line and for the valuation which they want because they can lock-in huge box volumes for the next 2-3 years, according to the industry sources. “The Maersk contract can help BlackBuck attract other large investors into its fold at greater valuation. Any venture capital fund would put in money on seeing aggregation of such large capacity and volumes. That’s the philosophy behind taking such a big deal. Imagine, you are catering to a player like Maersk which handles more than 3 million TEUs annually in India,” he said. “But, relying on a single vendor for trailer aggregation who lacks experience in the business and segment creates risk for Maersk,” a second industry executive, said. “If truckers are not willing to play ball on margins, BlackBuck will be operating on a negative freight. Eventually, if BlackBuck is not able to cater to this kind of a last mile connectivity, then Maersk is at risk of losing business to rival lines,” he said. As a pure logistics company, the new business model of Maersk, he said, requires network, freight control and container control to be successful. The partnership could also potentially raise anti-competition concerns. “Because if a trucker has to work with Maersk, it will have to tie-up with BlackBuck,” the second industry executive added.

ZIM: Total revenues in Q2 2019 were $834.3 million, reflecting an increase of 3.9% compared to $803.2 million in Q2 2018

PostTime:2019-08-22 15:31:44 View:1

The container shipping industry is dynamic and volatile and has been marked in recent years by instability, characterized by volatility in freight rates and bunker prices, as a result of ever-changing market environment and the extensive activity of mergers and acquisitions that also led to reorganization of the global alliances. The instability and volatility in the market, including significant uncertainties in the global trade, mainly due to USA related trade restrictions, continue to affect the market environment. During the second half of 2018, freight rates started to recover, with a partial decrease during the first half of 2019, while bunker prices remained highly volatile. Confronted with this tough business environment, ZIM continued to record improvements and to expand its global network to its customers. In September 2018, the Company launched its strategic operational cooperation with the “2M” Alliance (Maersk and MSC), in several lines between Asia and the US East-Coast. During the first quarter of 2019 the cooperation was expanded in two additional trades: Asia – East Mediterranean and Asia – American Pacific Northwest. During the second quarter of 2019, it was agreed between ZIM and the 2M Alliance to further expand the cooperation to the Asia – US Gulf trade. Theses cooperation agreements enable ZIM to provide its customers with improved product portfolio, larger port coverage and better transit time, while generating cost efficiencies. Eli Glickman, ZIM President & CEO, said: “ZIM’s results for the first six months of 2019 are encouraging. We can now clearly see the benefits of our long-term strategy, specifically the operational cooperation with the 2M Alliance, recently expanded to a fourth trade. In addition to the positive bottom line delivered this quarter, ZIM recorded a meaningful improvement in all parameters and continue to be a top performer in the shipping industry, in terms of adjusted EBIT margin. Our 2023 strategy will double down on our efforts to strengthen our competitive position by growing with our partners, upgrading our customer service, while driving relentless cost management and striving for commercial and business excellence. This is all the more relevant in light of the uncertainties lying ahead for the industry, mainly the USA related trade restrictions and the upcoming implementation of the IMO 2020 regulation.” Financial and Operating Highlights for the Three Months Ended June 30, 2019 • Total revenues were $834.3 million compared to $803.2 million in Q2 2018, a 3.9% increase • ZIM carried 731 thousand TEUs compared to 772 thousand TEUs in Q2 2018, a 5.3% decrease • The average freight rate per TEU was $993 compared to $907 in Q2 2018, a 9.5% increase • Adjusted EBITDA was $94.4 million compared to $24.3 million in Q2 2018 • EBITDA was $102.0 million compared to $14.9 million in Q2 2018 • Adjusted EBIT was $38.7 million compared to negative Adjusted EBIT of $3.1 million in Q2 2018 • EBIT was $44.2 million compared to negative EBIT of $12.5 million in Q2 2018 • Adjusted net profit was $3.0 million compared to Adjusted net loss of $20.6 million in Q2 2018 • Net profit was $5.1 million compared to Net loss of $33.2 million in Q2 2018 • Operating cash flow was $64.1 million compared to $52.6 million in Q2 2018 Financial and Operating Highlights for the Six Months Ended June 30, 2019 • Total revenues were $1,630.5 million compared to $1,554.6 million in 1-6 2018, a 4.9% increase • ZIM carried 1,398 thousand TEUs compared to 1,470 thousand TEUs in 1-6 2018, a 4.9% decrease • The average freight rate per TEU was $1,005 compared to $922 in 1-6 2018, a 9.0% increase • Adjusted EBITDA was $163.7 million compared to $51.9 million in 1-6 2018 • EBITDA was $170.0 million compared to $37.5 million in 1-6 2018 • Adjusted EBIT was $60.7 million compared to negative Adjusted EBIT $3.3 million in 1-6 2018 • EBIT was $62.8 million compared to negative EBIT of $17.7 million in 1-6 2018 • Adjusted net loss was $14.5 million compared to $46.7 million in 1-6 2018 • Net loss was $19.2 million compared to $67.3 million in 1-6 2018 • Operating cash flow was $123.8 million compared to $110.5 million in 1-6 2018

Oil spill contingency planning in South East Asia

PostTime:2019-08-22 15:30:11 View:3

One of the key elements in oil spill contingency planning is to define the communication channels to be used by cooperating parties when facing an incident. A workshop in Pulau Indah, Klang, Malaysia (19-21 August) has brought together officials from states in the Association of Southeast Asian Nations (ASEAN), to help bring into operation the Regional Oil Spill Contingency Plan, which was adopted in 2018. Participants from nine countries got to grips with key elements of the plan and practised communications between States, in order to identify any gaps and lessons to be learned. The workshop will help drive forward the implementation of this recently adopted plan. This workshop is being carried out under IMO’s Integrated Technical Cooperation Programme and hosted by the Government of Malaysia and the Marine Department of Malaysia, at the Maritime Transport Training Institute, under the framework of the Global Initiative project for South East Asia (GI SEA), a joint project with the oil and gas industry (ipieca). It supports the implementation of IMO’s Convention on Oil Pollution Preparedness, Response and Co-operation (the OPRC 90 Convention). The Regional Oil Spill Contingency Plan provides for a mechanism whereby ASEAN Member States can request for and provide mutual assistance in response to any oil spills. It also ensures a common understanding to enable the effective integration between the affected and assisting ASEAN Member States, in the event of incidents involving oil spills.

Can cargo vapours contaminate the full cargo parcel?

PostTime:2019-08-22 15:28:02 View:3

In Gard we see that almost 50% of the cargo loss cases are a result of cargo contamination. Many of these are due to vapour contamination. Vapour contamination may occur due to migration of vapour between incompatible cargoes via the IG lines or from pre-existing vapours from the last cargo in the tank. Contamination of petroleum products affects their odour, acidity or flashpoint specifications and can lead to the partial or total loss of the parcel thereby incurring significant losses. These losses can be avoided by ensuring that the IG branch valves are working in isolating tanks containing cargoes with different flashpoints. It is worth bearing in mind that IG line valves are subject to corrosive gases and may leak without warning. Remember to check their condition periodically and prior to loading incompatible cargoes.  

YZJ Shipbuilding's H1 earnings rise 11pc YoY to US$345.4m

PostTime:2019-08-22 15:00:25 View:12

 YANGZIJIANG (YZJ) Shipbuilding achieved 11 per cent higher profits in the first half of the year compared to 2018, to stand at US$345.4 million, on a three per cent increase in revenue at $2.6 billion. However, profits declined by six per cent year on year in the second quarter to $183.75 million, while revenue fell by 12 per cent to $1.38 billion. The firm attributed the quarterly profit decline to the lower number of vessels delivered in the second quarter. Only 18 vessels were delivered in the quarter, compared to 20 ships over the same period last year. As a result, revenue contributed by the shipbuilding business was $603.8 million lower in Q2 2019 than in Q2 2018. Cost of sales also contracted by nine per cent YoY to $1.14 billion, reported Singapore Business Review. YZJ Shipbuilding said global new shipbuilding orders decreased in the first half of the year by 50 per cent in deadweight tonnage (dwt) terms compared to the first half of 2018. The firm noted that shipowners' sentiments fell due to the "less-bullish" outlook on economic and trade growth, and uncertainties associated with the IMO 2020 low sulphur cap. YZJ Shipbuilding's portfolio currently comprises 11,800-TEU containerships, 83,500 dwt combination carriers and 400,000 dwt very large ore carriers (VLOCs). Last July, the company acquired a 55 per cent stake in Odfjell Terminal (Jiangyin) Company, the Chinese arm of Norwegian shipping company Ofdjell SE. The firm has a standing order book of $4.28 billion for 85 vessels.  

Tanjung Pelepas tops utilisation record for third time on 23,000-TEUer

PostTime:2019-08-22 14:58:44 View:12

MALAYSIA's Port of Tanjung Pelepas (PTP) has again broken the record for the third time after the world's biggest ship, the 23,000-TEU MSC Gulsun departed with having taken on 19,574 TEU. With Navis N4 terminal operating system in operation, PTP has become the first port in the world to set back-to-back records for container vessel utilisation, reported the American Journal of Transportation. To meet the future expected volume growth, PTP has upgraded its TOS to Navis N4 which provides improved performance and scalability. "I have personally been involved in many 'go lives', but never one of this size and scale and also never one that has gone so well in so many areas, including change management, adoption of new processes and frontline technology," said PTP chief operations officer Joe Schofield. "Thanks to our great foundation and Navis' second to none commitment to this project's success, we have done what many thought was impossible," he said. PTP, a joint venture between Maersk's MMC Group and APM Terminals, is Malaysia's most advanced container terminal, with capacity to handle up to 12.5 million TEU annually. PTP is situated on the eastern side of the mouth of the Pulai River in South-West Johor, mere 45 minutes from the confluence of the world's busiest shipping lanes.    

Maersk and Blackbuck partner to digitally revolutionise the Indian export-import containerised trucking market

PostTime:2019-08-21 15:13:10 View:12

Maersk, the world leader in integrated container logistics, announced its partnership with BlackBuck, India’s largest online marketplace for trucking, to provide an online marketplace for containerised trucking in EXIM logistics in India. The Indian government has set ambitions to reduce logistics cost from 14% of the GDP to less than 9% by 2022. The new platform will be owned and operated by BlackBuck with Maersk supporting BlackBuck to develop compelling industry specific solutions. The neutral platform will be open to the whole industry and will empower sustainable growth & efficiency by reducing touchpoints in the supply chain; thereby improving customer experience, matching demand-supply through the year and provide consistency in service delivery through real-time visibility and control. Announcing the collaboration with BlackBuck, Arjun Maharaj, Head of Sales, Maersk South Asia, said, “Our customers are dealing with fragmented vendors with varying service levels of communication, geographical, financial & infrastructural disparities resulting in suboptimal supply chains. At Maersk, we have committed ourselves to working with partners who understand these challenges, match our set of values and have expertise in both logistics & technology.” BlackBuck, the near-unicorn status company, has been a pioneer in bringing the offline operations of trucking online, be it matching a shipper with a trucker or reshaping the infrastructure around trucking to facilitate payments, insurance, and financial services. Speaking about the collaboration with Maersk, Ramasubramaniam B, Co-Founder & COO – Strategic Initiatives said, “At BlackBuck, over the last 4 years, we have developed our robust product & technology that maximises the billable kilometres of a truck, delivering higher realization to the truck owners & driving a low-cost transportation network to the shippers. Our product will add significant value to the EXIM containerised trucking industry in India that has the additional complexity of meeting the timelines of sea freight connections, apart from other regular trucking related challenges. Maersk with their industry specific knowledge and expertise, will help us transform this space through digitization.” Maersk has set out on a digital transformation journey and amongst various other initiatives globally is the India-focused OceanPro accelerator program which was launched in 2018. The solutions developed by few of the start-ups in first cohort of OceanPro are already being implemented through various services to accelerate technology innovation in Shipping & Logistics industry in India and globally. The company launched the second cohort of OceanPro in July this year with a group of five start-ups. ‘’At Maersk, we are collaborating with such start-ups that will help us solve landside logistics challenges in India by not only reducing costs but also creating efficiencies for all the stakeholders in the value chain” says Bhavik Mota, Head of Product, Maersk South Asia.

Clean Arctic Alliance calls on Nordic Prime Ministers to support a ban on heavy fuel oil (HFO)

PostTime:2019-08-21 15:11:26 View:13

Clean Arctic Alliance’s Lead Advisor, Dr Sian Prior and Árni Finnsson from the Iceland Nature Conservation Association are calling on the Nordic Prime Ministers and the German Federal Chancellor to support the call for a ban on heavy fuel oil in the Arctic at their gathering in Reykjavik, Iceland today. “We urgently need a strong commitment from the Nordic Prime Ministers and Ms Merkel to ban the use and carriage of heavy fuel oil or HFO in the Arctic,” says Prior. “This is an essential and easy first step to contribute to reducing the warming we are currently experiencing in the Arctic, and to remove the risk of devastating HFO spills. Better protection for the Arctic against the impact of increasing shipping and other developments in the region is essential for the future of the Arctic ecosystem, and the communities and wildlife which depend on the clean snow and ice habitats”. Finnsson adds “This summer we have measured the emissions from cruise ships in Iceland and shown how polluting the burning of HFO can be. We need to ban HFO use and carriage in the Arctic and extend the ban to cover all of Iceland’s waters to protect our own ecosystems and the health of our people.” HFO is the dirtiest form of fuel used by ships operating in the Arctic. Not only is HFO virtually impossible to clean-up in the event of a spill, when it is burnt as fuel in ships’ engines, black carbon is emitted into the atmosphere along with other pollutants. When the black carbon settles out from the atmosphere onto snow and ice, it speeds up melting and leads to the absorption of more heat from the sun into the Arctic. The Nordic Prime Ministers and German Federal Chancellor will hold a working lunch meeting which is expected to discuss measures to combat climate change, and other global trends.