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Newport Shipping expands with new offices in Athens, New York, Shanghai

PostTime:2018-06-05 08:53:08 View:2

Newport Shipping Group has opened new offices in Athens, New York, and Shanghai as part of the company’s “near customer, near market” efforts, expanding its presence in key ship owning and ship repair communities around the world. The London-headquartered company has existing offices in Istanbul and Singapore. A key aspect of the group’s expansion is to ensure that shipowners with operations in all the major maritime hubs have easy access to its unique ship repair and financing capabilities. Speaking during Posidonia, the world's most prestigious shipping trade event, in Athens, the home of the one of the biggest ship owning communities, ceo Erol Sarikaya said: “The shipping industry requires global capabilities and is dependent on personal relationships. Having offices in key maritime locations means we have local people, with local knowledge on the ground in daily contact with ship owners and shipyards. We have excellent teams in place in each market we serve.” The Athens, Istanbul, Shanghai, and Singapore offices are focused on customers’ ship repair and technical needs while New York and the London headquarters manage Newport’s corporate and international operations. Commenting on the ship repair market, Sarikaya said: “The industry is undergoing tremendous change. The introduction of mandatory requirements to reduce shipping’s impact on the environment, in particular, will have a significant material impact on most ship owners.  “While the larger players are likely to have capital in place for retrofitting ballast water treatment systems, scrubbers and other compliant systems, or to invest in newbuilds, the reality is that ship owners with smaller, older fleets – those that make up the majority of the world fleet – will benefit greatly by minimizing working capital costs in an already capital-intensive industry. “We can support these small to medium-sized operators by financing their retrofits, while they benefit further from the opportunities presented through our cooperation shipyards within the lower cost regions of the Pacific/Atlantic trading zones.” Sarikaya added: “With offices in strategic shipping locations around the world, together with ship repair facilities in China, Turkey, Indonesia and Singapore, all shipowners, big or small, now have comprehensive servicing and financing options available to them for their drydocking and equipment retrofits. We cooperate with highly-skilled and cost-competitive shipyards that can serve owners globally.” Newport Shipping plans to open offices in other locations and announce new cooperation agreements in coming months.

Shanghai Stock Exchange seeks more details over Ningbo Marine restructuring

PostTime:2018-05-11 08:01:38 View:27

SHANGHAI Stock Exchange (SSE) has written to dry bulk shipping operator Ningbo Marine, requesting explanations on several issues regarding the company's restructuring plan to acquire all the shipping assets from its parent Zhejiang Energy Group. SSE has noticed that the valuation price of Fuxing Shipping, a shipping unit of Zhejiang Energy Group, has increased by 164.69 per cent over a one-month period, Singapore's Splash 247 reported. Additionally, SSE also questioned some of the financial results of Ningbo Jianghai Transportation, another shipping unit of Zhejiang Energy Shipping. Ningbo Marine must reply to SSE by a deadline of May 11. Ningbo Marine started a similar restructuring move in 2016 but the plan was eventually rejected by the China Securities Regulatory Commission, which claimed the restructuring violated back-door listing rules. Ningbo Marine currently operates a fleet of 26 bulk carriers, and it also has three 1,000 TEU feedermax boxships under construction at Taizhou Kouan Shipbuilding.

Intellian opens up in Shanghai

PostTime:2018-04-20 08:14:49 View:49

Satellite communication antenna provider Intellian has opened up an office in Shanghai to be close to one of the world's largest shipbuilding markets. The full-scale operating subsidiary in Shanghai is designed to keep pace with Intellian's growing customer base in China and improve response times. Intellian noted that China was home to three of the 10 largest shipbuilders in the world and Shanghai was headquarters to many large ship management companies, including Cosco. With the new office Intellian hopes to reduce delivery times with in the past it taking three weeks for new products to be transported to China, including time spent at customs. The company hopes to reduce the time for customers to receive products to between two to five days. Eric Sung, ceo of Intellian, said, “China is a core region of the maritime industry and a market with great potential. Intellian expects to provide unique value to the maritime communication service market and to reach more customers by establishing Intellian China.” Intellian operates 10 offices worldwide including in the US, UK, Singapore and the Netherlands. Learn more about Smart Shipping at Seatrade Maritime Middle East

UK's Felixstowe port takes delivery of remote STS cranes from ZPMC in Shanghai

PostTime:2018-04-16 08:07:06 View:21

HUTCHISON Port Holding's, and UK's largest container port, Felixstowe, has taken delivery of its first two remote control ship-to-shore (STS) gantry cranes from ZPMC in Shanghai. The new cranes raise the total number of STS cranes at the port to 33. The new cranes are capable of working vessels with containers stowed 11-high and 24-wide on deck, Port Technology reported. The drivers will be located in a nearby operations centre. In addition to the new cranes, the port is creating an extra 18,000 TEU of container storage capacity, upgrading its terminal operating system, raising the height of 10 ship-to-shore cranes on Trinity Terminal and has eight more yard cranes on order for delivery in early 2019. Commenting on the new cranes, port of Felixstowe CEO Clemence Cheng said: "These new cranes are the latest acquisition in our ongoing investment programme to provide the best equipment, infrastructure and systems for our customers. "They will further enhance our capability to work multiple mega vessels simultaneously."

APL launches premium Shanghai-LA service to help airfreight shippers

PostTime:2018-03-07 08:33:58 View:39

SINGAPORE's APL, now unit of French shipping giant CMA CGM, is to target space-constrained airfreight shippers on the busy China-US route with its 11-day trans-Pacific ocean freight service between Shanghai and Los Angeles that will be launched in June. The premium service is an extension of the Eagle suite of time-definite and guaranteed offerings by the carrier, IHS Media reported quoting APL's chief executive officer Nicolas Sartini. "It will not be big ships. We will carry 2,000 TEU on this premium service and address a specific type of customer that wants speed to market and to get his goods on the shelf," Mr Sartini said on the sidelines of the TPM 2018 conference. He said the premium service that was launched in 2017 has proved to be popular with shippers of apparel, garments and electronics, commodities that would often be transported by as air freight. Following the heavily trafficked November-December peak season, there is concern that finding airfreight space will be an area of continuing frustration for shippers in 2018. In 2017, rising volume through most of the year placed available capacity under pressure, creating lengthy delays and pushing air cargo rates up to unprecedented levels. "So we came up with the super fast service to LA," Mr Sartini said. "We wanted cargo to be available the following morning. Ships arrive on Tuesday morning and spend the day discharging the containers. Then at 6pm the containers are taken to the depot outside the port so the customer does not need to pay the PierPass charge, and from 6am the container is on the chassis and ready to be picked up." "By doing that, the cargo can be ready on Wednesday afternoon, which is a total of 12 days. With airfreight, the flight is only one day but it takes four to five days to bring the cargo to the airport and then pick it up from the airport on the other side. So we have 5-days by air, and 12-days by sea. Our fare is higher than the other port pairs on the trans-Pacific, but it is much lower than air freight." While the premium service is being positioned to compete with Shanghai-Los Angeles air freight, Mr Sartini said not all the cargo on the ship would be poached from air. "Some will come from ocean freight because there are customers that are really concerned about speed to market and are ready to pay a premium for this type of service. Other cargo will come from customers that are supporting us today and would like an even faster solution," he said.

Shanghai's first LNG-powered waste containership sets sail

PostTime:2018-01-11 08:57:53 View:67

SHANGHAI has launched its first domestic solid waste containership fuelled by liquefied natural gas (LNG). With a cargo capacity of 600 tonnes, the vessel built by Shanghai SMI Environmental Industry Co can carry up to 30 TEU. The ship is 55.6 metres long, 10 metres wide and 10 metres tall. It is deployed on the Huangpu River to carry domestic solid waste containers to waste disposal bases. Thirty-six old-fashioned waste containerships in Shanghai will gradually be replaced by this environmentally-friendly LNG ship model, reported Shanghai's Eastday.com. LNG as a ship fuel is a clean energy alternative. LNG has a higher ignition temperature than diesel and vaporises rapidly, causing no pollution to soil or water in the event of a leak.

32 missing in oil tanker and freighter collision off Shanghai

PostTime:2018-01-09 08:32:43 View:72

 AN Iranian oil tanker, the Panama-registered Sanchi, that collided with a Hong Kong-registered freighter in the East China Sea last Saturday evening was still ablaze yesterday morning, as emergency rescue teams continued to search for the missing crew, according to Reuters citing a South Korean coast guard official. The US Navy sent a military aircraft to assist with the search covering an of about 3,600 square nautical miles, but said in a statement it did not locate any of the tanker's 32 missing crew members. The Sanchi tanker run by Iran's top oil shipping operator, collided with the Hong Kong-registered CF Crystal about 160 nautical miles off China's coast near Shanghai and the mouth of the Yangtze River Delta, the Chinese Ministry of Transportation said in a statement. The tanker's 32 crew members are all Iranian nationals except for two Bangladeshi nationals, the Chinese transport ministry said. China sent four rescue ships and three cleaning boats to the site, while South Korea dispatched a ship and a helicopter. The Panama-registered tanker was sailing from Iran to South Korea, carrying 136,000 tonnes of condensate, an ultra light crude. That is equivalent to just under 1 million barrels, worth about US$60 million, based on global crude oil prices. The freight ship, which was carrying US grain, suffered limited damage and the 21 crew members, all Chinese nationals, were rescued. Thick clouds of dark smoke could be seen billowing out of the Sanchi tanker, engulfing the vessel as rescue efforts were hampered by bad weather and fire on and around the ship, Mohammad Rastad, head of Iran's Ports and Maritime Organisation, told Iranian television. The incident marked the first major maritime incident involving an Iranian tanker since the lifting of international sanctions on Iran in January 2016. Trying to contain a spill of condensate, which is extremely low in density, highly toxic and much more explosive than normal crude, may also be difficult. Shanghai Maritime Bureau's navigation department said the collision did not affect impact traffic in and out of Shanghai, one of the world's busiest and biggest ports, or ports along the Yangtze river.

Port of Shanghai again breaks world record lifting its 40 millionth TEU

PostTime:2018-01-03 08:32:04 View:98

SHANGHAI International Port Group reached a record breaking 40 millionth TEU crossing its Yangshan dock on December 29, making the city's port the first and only in the world to move that many containers in 2017. Shanghai lifted its first million TEU in 1994 and then surpassed 20 million TEU in 2006, then reaching 20 million TEU in 2010, at which time cargo throughput and container throughput ranked the first in the world, reported state-run China News Network. In 2011, Shanghai throughput exceeded 30 million TEU. Statistics show that 99 per cent of the foreign trade goods in Shanghai go in and out via Shanghai Port. On December 10, after three years of construction of the world's largest automated container terminal - Yangshan - officially opened for trial operations.  A total of seven automated container berths were constructed. The total length of the container terminal shoreline was 2,350 metres. The capacity of the design terminal was initially set at four million TEU and the future was 6.3 million TEU.

Shanghai port's November volume soars 11.8pc, rising 8.2pc in first 11 months

PostTime:2017-12-19 09:17:25 View:61

THE Port of Shanghai container throughput in November surged 11.8 per cent to 3.6 million TEU compared to the same month last year, according to the Shanghai International Port (Group) Co (SIPG). SIPG data also showed that volume increased 6.2 per cent in November compared to 3.39 million TEU posted in October this year. In the first eleven months of 2017, Shanghai Port registered a total throughput of 36.83 million TEU, an increase of 8.2 per cent year on year.

Maersk Line scraps port call to Shanghai, Shenzhen due to congestion

PostTime:2017-12-19 09:15:47 View:75

DENMARK's Maersk Line is withdrawing in December one port call to Shanghai and another to Chiwan in Shenzhen, a decision prompted by severe congestion at the mainland China ports. "Our network is constantly being reviewed for improved reliability and commercial effectiveness," American Shipper quoted Maersk as saying. "We can confirm we are currently omitting one call in Shanghai and Shenzhen, respectively. This is due to recent frequent operational omissions in these ports - with the aim of improving our schedule reliability. Maersk Line has a very comprehensive service network covering both ports and remain dedicated to serving them with fully competitive products." According to Container Management, Maersk would remove the port calls from its AE2 and AE11 services. "From December 21, AE11 will not call at Chiwan in Shenzhen and from December 22, Maersk's AE2 service will no longer call at Shanghai," the media outlet said. Maersk Line operates 30 services that call at Shanghai and 13 of its services call at Chiwan, data compiled by BlueWater Reporting shows.  

HK box volume off 1.4pc in Oct, Singapore surges 17pc and Shanghai up 5.6pc

PostTime:2017-11-17 08:39:04 View:78

HONG Kong's container volume dipped 1.4 per cent in October to 1.66 million TEU compared to 1.68 million TEU in the same month last year, according to statistics from the Hong Kong Maritime and Port Board. Most of Hong Kong's volume is from the container terminals at Kwai Tsing that handled 1.31 million boxes in October, down 0.9 per cent over the same month last year. Boxes handled by the other terminals in Hong Kong dipped 3.1 per cent to 350,000 TEU compared to 361,000 TEU in October 2016. Export container units in October were down 2.4 per cent to 689,000 TEU from 706,000 TEU in the same month in 2016. Imports totalled 620,000 TEU, 0.8 per cent higher than in October last year. It was a bumper month for the port Singapore - handling 2.96 million container units in October, a surge of 17 per cent over the same month in 2016. The world's busiest port Shanghai handled 3.3 million TEU, a year-on-year increase of 5.6 per cent.  

Shanghai box volumes up 7.7% in September

PostTime:2017-10-16 08:44:51 View:58

The Chinese port of Shanghai has handled more containers in September compared to the year-ago period, but volumes fell on a month-on-month comparison, according to statistics from Shanghai International Port (Group) Co (SIPG). In September, Shanghai port moved box volumes of 3.37m teu, up 7.7% compared to 3.13m teu in the same month of last year, data from SIPG showed. Last month’s throughput, however, dipped by 2.6% compared to 3.46m teu recorded in August this year. In the first nine months of 2017, Shanghai port registered a total throughput of 28.87m teu, an increase of 4.6% compared to 27.6m teu posted in the previous corresponding period.