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Hapag-Lloyd comes up with new steel-floor boxes able to carry heavier weight

PostTime:2019-02-18 20:27:34 View:4

GERMANY's Hapag-Lloyd has created a 20-foot, steel-floor container that can carry cargo with a greater weight than cargo of equivalent dimensions can fit in a standard wooden container. According to the company's senior manager for special cargo David Piel, the steel-floor container can load 7.6 tonnes per metre (T/M) compared to 4.6 T/M that can be loaded into a wooden floor container of equal size, he said. "The difference is even greater with the 40-foot box," Mr Piel was quoted as saying in a report by American Shipper. "While the wooden floor can withstand a load of three T/M, the steel floor can withstand twice as much." Furthermore, the steel floor container's tare weight is 150 kilogrammes lighter than the conventional boxes. There are up to 66 lashing rings in a 20-foot steel floor container and up to 100 lashing eyes - on the floor and ceiling longitudinal rails and the corner posts - on the 40-foot containers. All lashing rings in steel floor containers must be rated with 2,000 kilogramme pull load, which is double the 1,000 kilogrammes for rings on the floor and quadruple the 500 kilogrammes per lashing on the upper rails on wooden floor containers, he said. The steel floor also prevents residue from previous loadings, he said, and the slightly wavy floor shape keeps cargo from sitting in any moisture if liquids have escaped or condensation has formed. The container, which is made entirely of steel, is 100 per cent recyclable and its stability can be guaranteed over its entire service life, Mr Piel said. "What's more, the floor wears away much more slowly, which means that it needs to be repaired less often and that doing so requires less effort," he said. "This, in turn, means that fewer resources are used and that less effort is needed to clean it."

Diana Shipping Sells Panamax Duo, Finds Work for Two Units

PostTime:2019-02-18 20:14:36 View:4

Greece-based Diana Shipping has agreed to sell the 2001-built Panamax dry bulk vessels Danae and Dione. The two vessels were sold for USD 7.2 million each, according to the company. “The sale of the vessels was approved by disinterested directors of the company and were sold at a price equal to the higher of two independent broker valuations,” Diana Shipping said. The 75,106 dwt Danae is expected to be delivered to unidentified buyers by June 28, 2019. The 75,172 dwt Dione is to be delivered to its new owners by April 15, 2019. Diana Shipping further disclosed that it has entered into a time charter contract with Dutch Glencore Agriculture for the 2014-built dry bulk vessel Crystalia and the 2013-built Maera. The 77,525 dwt Ice Class Panamax Crystalia will be chartered at a rate of USD 10,500 per day for a period of fourteen to seventeen months. The charter is expected to start on February 23, 2019. The 75,403 dwt Maera will operate for the same time period at a gross rate of USD 7,000 per day for the first forty-five days of the charter period and USD 9,450 per day for the balance period of the time charter. The vessel started operations with Glencore on February 10, 2019. Diana Shipping’s agreement with Glencore Agriculture is expected to generate around USD 8.27 million of gross revenue for the minimum scheduled period of the time charters. With the sale of Dione and Danae, Diana Shipping’s fleet will consist of 46 dry bulk vessels, including 4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 18 Panamax.

Los Angeles-Long Beach ports suffer containerised imports slowdown

PostTime:2019-02-18 20:10:40 View:4

THE twin ports of Los Angeles and Long Beach saw sluggish import activity in January, indicating the rush to import Chinese goods ahead of possible hefty tariff hikes may be past, after import traffic at Los Angeles rose by just 1.7 per cent compared to the same month last year and volumes dipped marginally at the port of Long Beach. Last year both ports achieved record volumes as retailers scrambled to bring in products to avoid possible tariffs on US$200 billion worth on Chinese goods, reported Los Angeles Business Journal. "It was a mad rush to get your goods past customs," said Beacon Economics international trade adviser Jock O'Connell. "Clearly for January, the rush is over." US President Donald Trump reportedly indicated he may let a March 1 deadline for agreement between the two trade giants slip, unnerving markets. "As long as the economy is performing well, we expect our container trade to mirror it," said Long Beach port executive director Mario Cordero. Long Beach imported 323,838 TEU in January, a 0.3 per cent decrease against 2017. Los Angeles brought in 429,923 TEU, up 1.7 per cent. Overall Long Beach handled 657,286 TEU compared to Los Angeles, which moved 852,449 TEU overall.  

ONE sets record for box ship carrying heaviest single load of 19,100 TEU

PostTime:2019-02-18 20:08:21 View:5

OCEAN Network Express (ONE) has smashed the previous world record for the greatest amount of containers ever transported by a single containership, after carrying 19,100 TEU on board the 20,146 TEU MOL Tribute, thanks to the use of Navis' StowMan vessel planning software to optimise storage of the load. The record was first set by Maersk Line with a 19,038 TEU-load last August. Earlier, ONE completed two additional record stows on board the MOL Trust and MOL Tradition in its last two calls at PSA Singapore, The Maritime Executive of Fort Lauderdale, Florida reported. "As vessel sizes increase, so too do the complexities associated with safe and effective stowage planning," said ONE general manager Captain Kunihiko Nishimura. ONE partnered with Navis leveraging its StowMan solution on a vessel also equipped with the MACS3 loading computer for the most recent voyage. ONE was able to optimise the cargo load based on accurate vessel profile information, resulting in higher utilisation and fewer restows. Navis plans to expand these results to other terminals. Currently, 50 carriers and logistics providers with 3,000 users worldwide stow their vessels with StowMan.

Chinese New Year break sees container spot rates drop across major trades

PostTime:2019-02-18 20:05:45 View:3

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday dropped 5.6 per cent to US$906 per TEU, according to the Shanghai Containerised Freight Index(SCFI). Asia-Mediterranean trade fell 4.4 per cent to $920 per TEU. Asia to US west coast suffered a significant eight per cent plunge to $1,834 per FEU while those to the east coast were off 2.8 per cent to $2,968 per FEU.

Tianjin Lingang port to build 12 new berths

PostTime:2019-02-15 23:21:43 View:10

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:9

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:9

 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:12

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:8

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.