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The Port of Melbourne Corp. (PoMC) in Australia has shortlisted four groups for the bidding that is scheduled sometime in September this year. Aside from AICL, other groups shortlisted are the group of CMA CGM, ANL Container Line and Macquarie Specialised Asset Management; Hutchison Port Holdings; and Qube Holdings. The winner that would bag [...]  Terminal Link, a wholly owned subsidiary of Marseilles-based CMA CGM, operates 15 container terminals in France, West Africa, the U.S. and Canada as well as Malta Freeport, a major Mediterranean transhipment hub. Graphic from Loadstar. French ocean carrier CMA CGM has agreed to sell a 49 percent stake in its Terminal Link ports unit [...] The world’s second-biggest shipping line is bolstering its presence at the Port of Long Beach with a major long-term leasing partnership that will double its stake in Long Beach, the head of the port announced Thursday. Mediterranean Shipping Co.’s partnership with Total Terminal International in Pier T is considered a major win for the Port [...] German container ship operators Hapag-Lloyd and Hamburg Sud are to consider possible merger talks, according to a brief but less than detailed press release issued by both companies. Earlier this year Hapag-Lloyd’s biggest single investor, Klaus-Michael Kuehne told a German newspaper he thought the two companies should merge so that their combined forces could compete [...] Official data from Latakia International Container Terminal, issued in recent days, showed volumes in the first six months of the year fell to 217,386 TEUs, versus 275,264 TEUs in the same period last year. That compared with 293,111 TEUs in 2010. Maersk, CMA CGM and Hamburg-Sud call on the port. Ship container volumes at [...] The Port of Seattle got good news for a change on Tuesday when Maersk Line renewed its agreement to call SSA’s Terminal 18 at the port. Maersk Line will continue to call the port with its TP 9 service from Asia, which is a vessel-sharing agreement with CMA CGM on which both lines deploy eight [...] Greece-based Technomar Shipping has emerged as the buyer of CMA CGM Verdi and its sister ship CMA CGM Strauss in a deal including five-year charters back to the French liner operator. The 2004-built, 5,770 teu ships are understood to have been purchased for close to $39m each. Technomar, which is Greece’s third largest box ship [...]
Maersk and rivals such as Hapag-Lloyd and CMA CGM lost money last year as high fuel costs exacerbated a price war. In addition to raising freight rates in response, they pooled or idled ships and reduced speeds to curb vessel supply. The decline in the index indicates those price increases are reversing as ships [...] China Shipping Container Line Company, the world’s 8th-largest container shipping company by capacity, will begin cargo service to the US Gulf Coast and Florida through a slot charter arrangement on the weekly Pacific Express 3 string operated by CMA-CGM, which will include calls at APM Terminals Mobile, APM Terminals Jacksonville and Miami’s South Florida Container [...] Last week The News Tribune speculated that the Port of Tacoma’s updates to its Pier 3 infrastructure would allow the port to host Maersk Line’s new “Triple E” containerships, the world’s largest vessels. The Port of Tacoma had been recruiting Maersk to return to Tacoma after it left two years ago to join its [...] Maersk hasn’t said where it will use its giant new ships, but maritime authorities expect they will initially be used in the trade between Europe and Asia. Tacoma port commissioners have approved a contract for design work to equip one of its container terminals to handle the biggest container ships now envisioned. The Port [...] The Port of Jacksonville will get new calls this month by China Shipping and United Arab Shipping, which participate in a vessel-sharing agreement with CMA CGM in its PEX 3 service. This development makes Jaxport the last port of call on the PEX 3 rotation’s westbound leg, following U.S. calls at Houston, Mobile and Miami. [...] From Bloomberg news: ‘Shipping lines have been victorious in raising rates this year because they have exercised discipline,’ said Jee Heon Seok, an analyst at NH Investment & Securities Co. in Seoul. ‘They’re reaping the benefits of working together and that could mean annual profits.’ Container lines may have learnt their lesson after losing [...] Ocean carriers could face a short-term funding call of up to $20 billion in 2012 as they are not generating sufficient cash to cover interest payments and meet capital requirements, according to container market analyst Alphaliner. Most carriers appear to have successfully weathered the market downturn in 2011 but “a number of them continue to [...] CMA CGM swung to a net loss of $30 million in 2011 from a $1.6 billion profit in 2010 but the French ocean carrier said cost savings and lower ship charter rates will return it to the black this year. Revenue was up 4 percent to $14.87 billion as traffic grew 11 percent against [...] |
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