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 is to buy OOCL – ‘almost a done deal’ says insider

From The Loadstar:

China’s Cosco Shipping may be about to announce that it is to acquire Hong Kong-based carrier OOCL.

An insider source has told The Loadstar a takeover of the container arm of Tung family-led Orient Overseas International (OOIL) is “almost a done deal”.

In January, reports surfaced of a $4bn price tag put […]

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Veteran pilot believes terminal operator at fault in crane collapse

The pilot claims DP World is hiring pilots who are inexperienced, giving them too little training, and putting them in charge of ships they’re not fully equipped to handle.

From Cruise Arabia & Africa:

A pilot with extensive knowledge of berthing operations at DP World’s Jebel Ali Port has told Cruise Arabia & Africa […]

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CMA CGM posts higher Q1 profits

From Marine Link:

Container shipping line CMA CGM posted higher first-quarter profits, helped by a turnaround at recently acquired NOL, and gave an upbeat assessment for the current quarter in another sign that the shipping industry is emerging from a slump.

The French-based group reported on Friday a first-quarter net profit, including Singapore-based NOL which […]

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OOCL to evaluate potential partnerships with online retail giants

From Seatrade Maritime:

The advent of e-commerce and its increasing popularity on a global scale have prompted container carrier Orient Overseas Container Lines (OOCL) to evaluate and relook at potential partnerships with online retail giants, according to Andy Tung, ceo of OOCL.

“As a supplier of hard cargo goods, we are still not sure what […]

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CMA CGM and Cosco are most likely takers for OOCL, say analysts

CMA CGM and China Cosco are the two most likely carriers to buy OOCL, should its main shareholders decide to sell the company, according to Drewry Financial Research Services (DFRS).

DFRS claimed the acquisition of Hong Kong-headquartered OOCL and its parent company Orient Overseas International Ltd (OOIL) could represent “the final piece for CMA CGM” […]

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Federal Maritime Commission voices concern about alliances

From Splash 247:

William Doyle, FMC Commissioner, said, ”We’ve been down this road before with language proposed but not implemented by the P3 Alliance and the language in the existing 2M Alliance.”

The creation of the Ocean Alliance – a new container grouping involving China Lines, OOCL, Evergreen, APL and CMA CGM, has hit a […]

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Liners leaning more on terminal relationships

From the Journal of Commerce:

Maersk isn’t the only carrier with a terminal relationship [with APM Terminals], with its three closest rivals all involved in the port business — essentially bolt-ons to their core container businesses and with much lower profiles. Mediterranean Shipping Co. owns 65 percent of Terminal Investments — U.S.-based Global Infrastructure Partners […]

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South Korea’s Hanjin Shipping becomes symbol of industry in trouble

Excerpts from Bloomberg:

Hanjin assist

Hanjin Shipping Co. is hardly a bellwether in the world of container movers. As lenders halt all support this week, the South Korean company is now emerging as a symbol of the slump that has plagued the industry since the global financial crisis.

Creditors led by Korea Development Bank will […]

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Bloomberg View: Ships Have Gotten Too Big

”In recent years, mega-vessels have caused traffic jams in the water and on-shore as overwhelmed ports struggle to offload thousands of containers.”

What’s a major cause of congestion at our ports? An important from piece Bloomberg View:

In December, the quarter-mile-long Benjamin Franklin became the largest cargo ship ever to dock at a U.S. […]

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APM Terminals signs crane extension contract for Pier 400 Los Angeles

APM Terminals has signed a contract for the enlargement of 10 STS cranes, including the raising of the overall height, and extension of the crane boom, to accommodate container ships of up to 20,000 TEU capacity, the company said in its press release. After the modifications designed by the original crane manufacturer, Terex-Noell, the 10 […]

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Turkish firm in the running to buy controlling interest in Ports America?

From American Shipper:

Neither Ports America, the nation’s largest port operator, nor its owner, Oaktree Capital, will comment on reports that Turkey’s Yilport Holding Inc. is bidding to purchase a majority stake in the company.

Lloyd’s List, however, said last Friday Yildirim Holdings President Robert Yildirim told the maritime news outlet the Istanbul-based firm is […]

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Big shake up for container alliances as CMA CGM announces new deal with COSCO, Evergreen, and OOCL

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, […]

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Port of Long Beach sees 35.9% surge in cargo volumes

From American Shipper:

The Port of Long Beach handled 561,412 TEUs in February, more containers than in any prior February in its history, according to a statement from the port.

While a record for February, the winter months are a traditionally a less busy period for the port and the February record is far below […]

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CMA CGM to deploy six 18,000-TEU ships from Asia to West Coast

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 […]

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Megaship Benjamin Franklin makes first Seattle call

ILWU representatives welcome CMA CGM Benjamin Franklin in Seattle. From left to right: Justin Hirsch, Local 19 Labor Relations Committee; John Persak, Puget Sound District Council (PSDC) president; Rich Austin Jr., Local 19 president; Gordon Baxter, lobbyist for PSDC.

From ”Massive cargo ship arrives in Seattle’s Elliott Bay” in the Seattle Times:

The largest […]

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