From the Journal of Commerce:
Hanjin Shipping and Hyundai Merchant Marine have confirmed they are in discussions with other container lines on forming alliances when their current alliance agreements expire in 2017, assuming they survive their current liquidity crises.
Existing alliance structures were due for a shake up after the announcement of the Ocean Alliance [...]
From The Loadstar in the UK:
Despite the impending break-up of both the G6 and CKHYE alliances, both have announced plans to launch Asia-US east coast services, deploying neo-panamax vessels.
However, the International Transport Workers Federation (ITF) this week warned carriers there were increasing concerns about the safety of maneuvring larger vessels in the new [...]
Hapag-Lloyd is to merge with UASC. The news follows the Dubai-headquartered carrier being excluded from the new Ocean Alliance announced yesterday.
The merger was first reported online by German monthly business magazine Manager Magazin yesterday, saying “secret negotiations between the two sides are close to a conclusion”.
Hapag-Lloyd has a fleet capacity of around 920,000 [...]
From Ship and Bunker:
CMA CGM S.A. (CMA CGM) Wednesday announced that it has signed a Memorandum of Understanding (MoU) with COSCO Container Lines (COSCO), Evergreen Line (Evergreen) and Orient Overseas Container Line (OOCL) to form a new shipping alliance, known as “Ocean Alliance.”
Ocean Alliance would control 23.5 percent of the world’s container capacity, [...]
”Millions of the transport workers represented by our unions work for Maersk directly or via subsidiary companies and we are committed to making sure they have decent terms and conditions.” — Jacqueline Smith, ITF Maritime Coordinator
Maersk Line has agreed that it will ensure that any vessel it charters has an International Transport Workers’ [...]
”Our goal in the FBI is to expose the back room deals and secret handshakes and to stop the culture in some businesses that allows these crimes to take place,” said special agent Steve Vogt after Toru Otoda, a ‘K’ Line executive, was sentenced to 18 months in US prison and fined USD20,000 in [...]
The Israeli shipping company ZIM reported 7 million USD net profit in 2015, despite the losses in the fourth quarter amid falling freight rates to record low levels. The adjusted earnings before interest and taxes (EBIT) amounted to 118 million USD, while the revenues decreased by 12% yoy to 3 billion USD. ZIM claimed its [...]
The car carrier Istra Ace spilled oil in Cerritos channel near berth 212 at Port of Los Angeles, USA. The vessel was bunkering oil from the shore, when the oil leak started from open valve. The crew saw the leak and stopped bunkering operation, ballasting to stop the leak, but unfortunately sufficient quantity of oil [...]
From Maritime Executive:
Farrell Lines is a U.S. flag roll-on, roll-off carrier, part of Maersk Line, Limited, a division of Maersk Group. Logistics firm Damco USA, a subsidiary of Netherlands-based Damco, is also part of Maersk Group.
Ro/ro carrier Farrell Lines and affiliated subcontractor Damco have paid civil fines of $3.66 million on charges [...]
In June 2013, the container vessel MOL Comfort couldn’t continue sailing under its own power because the vessel’s hull suffered a serious crack while sailing on the Indian Ocean. The container ship was fractured in 2 parts, fore and aft, according to Vessel Finder.
Excerpts from a Vessel Finder article titled ‘Mega-ships bring mega-risks, [...]
From the Journal of Commerce:
CMA CGM plans to upgrade a trans-Pacific service to the West Coast by deploying six ships with capacities of 18,000 twenty-foot-equivalent units, starting late May, a bet that container terminals can handle the largest mega-ships to call the U.S. and that volume will steadily grow.
Rodolphe Saade, vice chairman at [...]
From The Northern View:
New evidence that container shipping lines are choosing Prince Rupert has popped up recently, with the shipping line ‘MSC’ and a new brand of containers coming through the gateway in late 2015 and now in early 2016.
MSC (part of the 2M Alliance consisting of Maersk Line and MSC) has serviced [...]
From Maritime Professional:
ILWU Marine Clerks Local 52 present first-ever safety award at the PMA ILWU Annual Safety Banquet
Foss Maritime has been recognized by the ILWU Marine Clerks Local 52 for zero injuries at Terminal 5 between March 2015 and February 2016. The first-ever Safety Award given by ILWU [...]
Hawaii’s largest ocean cargo transportation company had a record profit last year, earning more than $103 million.
Honolulu-based Matson announced Tuesday that its earnings last year were up 46 percent from $70.8 million the previous year. The company managed to hit a record year even after reporting a lower fourth-quarter income in 2015 than in [...]