Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Cosco merger may change industry dynamics

From Marine Link:

The merger between China Shipping group and the Cosco Group has given rise to a mammoth company that could trigger stability and extended consolidation in the global shipping industry, says a report in the WSJ.

The merger will free the two Chinese shipping groups from competing against each other at home and [...]

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Officials seek action to correct emissions breaches at Port of Los Angeles

Elected officials are demanding swift action and increased oversight at the Port of Los Angeles following disclosure that a second major shipping company has been allowed to skirt requirements to reduce harmful diesel emissions.

Port officials failed to require two large terminal operators, TraPac and China Shipping, to comply with air quality improvement measures the [...]

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Hanjin back in the black for 2015

From American Shipper:

Korean conglomerate Hanjin Shipping reported a net profit of $6 million in 2015 compared with a loss of $396 million in 2014.

The improved earnings came despite the fact that the company reported sales of just $6.86 billion, a 15.3 percent drop from the $8.1 billion recorded in 2014. The company attributed [...]

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Hapag-Lloyd vessel suffers incident in the Panama Canal

Hapag-Lloyd informs, that MV “Spirit of Hamburg” voyage 5153S/5153N suffered an incident while transiting the Panama Canal on its southbound voyage. The vessel has been ordered to anchor for further investigation.

According to the latest information received from the vessel operator the extent of damage requires an immediate repair at Panama. The crew, the vessel [...]

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Mechanical problems hold back Alaska-bound ship in Tacoma

The North Star, one of the company’s two cargo ships that runs regularly on the Tacoma-to-Anchorage route, did not leave Washington state as scheduled on Jan. 14 after a mechanical issue was discovered.

From an article titled ‘Delay continues for Alaska-bound cargo ship’ in the Alaska Dispatch News:

A Tote Maritime Alaska ship [...]

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Cosco gets new chairman as China Shipping merger drags on

Ma Zehua, the man who replaced Wei Jiafu as chairman and party secretary for China Cosco Holdings in 2013 when the charismatic executive quit unexpectedly, stepped down Thursday as chairman of the mainland’s largest carrier.

He will be succeeded by non-executive director Wan Min, China Cosco said in a filing to the Hong Kong [...]

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Auto carriers accused of bid rigging and price fixing before Federal Maritime Commission

The Federal Maritime Commission has received a Class Action Complaint filed by Cargo Agents, Inc., International Transport Management, Corp., and RCL Agencies, Inc. against some of the world’s top vehicle transport services providers.

The complaint filers are purchasers of vehicle carrier services and allege that the some of the largest providers of deep-sea vehicle transport, [...]

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Megaship CMA CGM Benjamin Franklin calls on Port of Oakland

CMA CGM Benjamin Franklin passing under the Golden Gate Bridge with 20 feet of clearance on its maiden voyage, on Jan. 1, 2016.

The Port of Oakland is welcoming the new year with its own version of Big Ben — the cargo megaship CMA CGM Benjamin Franklin — which is the largest container carrier [...]

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Maersk cuts 110 jobs at headquarters

The world’s largest ocean carrier is eliminating 110 positions this month at its headquarters in Copenhagen where 1,125 persons worked previously.

Maersk would reduce its landside staff of 23,000 by 17 percent (around 4,000 jobs) by the end of 2017. Maersk has said that it would seek to reduce layoffs through “managing natural attrition.”

The [...]

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Maersk joins WTO trade alliance

Maersk has joined the Global Alliance for Trade Facilitation, which was launched by the World Trade Organisation earlier this year as a public-private partnership to support the implementation of the Trade Facilitation Agreement.

The alliance also includes the International Chamber of Commerce, the World Economic Forum as well as companies such as DHL and Wal-Mart.

[...]

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U.S. ports to host largest container ship yet

In addition to being the largest of her class ever to call at an American port, the ultra large container vessel (ULCV) Franklin is the tenth largest in the world. Her planned regular run will take her from China to California and South Korea. Photo by CMA CGM.

The newbuild CMA CGM container ship [...]

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Heavy weather, high seas cause 12 containers to drop from ship near SF Bay

One container has been located as it washed ashore at Baker Beach in San Francisco. The authorities continue the search for the remaining containers.

In the evening hours of Friday, twelve containers were washed overboard of the container ship Manoa, owned by US-based shipping company Matson Navigation Co, due to heavy weather and seas, [...]

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Santa’s sleighs lie idle: Alphaliner warns of Xmas record for unemployed boxships

The number of 500+ teu containerships idled will hit a record high by the end of the year, according to French analysts Alphaliner.

A total of 329 ships equivalent to 1.4m teu – equivalent to 7% of the global fleet – were laid up by the end of November, up by 23 ships from a [...]

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China Approves Merger of Cosco, China Shipping

China’s two state shipping giants will combine their container-shipping assets among other restructuring efforts, as part of a multibillion-dollar merger to strengthen the nation’s competitiveness in an industry battered by weak demand and persistent overcapacity.

China’s State Cabinet on Friday approved the merger between China Ocean Shipping (Group) Co., or Cosco Group, and China Shipping [...]

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