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Ocean Carriers Get Marginal Impact From Capacity Cuts

Total container capacity supply by ocean carriers on the three main east/west shipping trades rose by an average of five percent in 2001 despite the recent attempts of several carriers to remove excess capacity, according to a report released this week by ComPair Data Inc., a global ocean shipping research and information technology firm based in Jacksonville, Fla. Several ocean carriers in the transpacific and Asia/Europe routes made capacity cut-backs in the last three months of 2001, according to the January 2002 World Liner Supply report from ComPair Data, leading to an average 1-percent reduction in east/west capacity. But those reductions did not outweigh the addition of substantial new vessel capacity early last year or the ongoing expansion of other carriers, which led to the overall annual capacity increase. Results of the January 2002 World Liner Supply report show that transpacific shipping lines have expanded capacity by three percent between January 2001 and January 2002. Transpacific capacity currently amounts to over 196,000 TEUs a week (equivalent to a yearly one-way capacity of 10.2 million TEUs), down six percent from the corresponding figures in October 2001, but up from capacity offered in January 2001. "Capacity growth has slowed down, but there are still concerns about a further rise in over-capacity in the major trades," said Hayes H. Howard, president of ComPair Data


America Systems Facilitate with New Customs Rule

Americas Systems has implemented a solution geared for the U. S. Customs 24-hour rule compliance, allowing ocean carriers and NVOCCs to comply with new EDI and information standards required by Customs for all shipments loaded on vessels calling at ports in the United States. Ocean carriers and Non-Vessel Operating Common Carriers (NVOCCs) must transmit shipment manifest data into Customs Automated Manifest System


Supply and Demand: Asia-Med

Sources: Drewry Maritime Research; World Container Index assessed by Drewry

Asia/Med peak season started badly as cargo growth from Asia to the Mediterranean was poor in June, which is an ominous sign for the rest of this year’s peak season. Containerized exports from Asia to the Mediterranean rose by only 1% between May and June, up to 415,000,000 teu, which does not auger well for the rest of the peak season. As the market is partly driven by tourism, much has to be in place before the end of August


Network Pipeline Forges Ahead With Crew Vision 2001

Network Pipeline has introduced Crew Vision 2001, an Internet-based personnel logistics database tool for use by fleet personnel departments in the marine industry. The new system can be used for commercial shipping lines and passenger cruise lines internationally. Based in Fort Lauderdale, Fla., Network Pipeline's Crew Vision system provides ocean carriers and passenger cruise lines with a paperless solution in regards to crew management.


Evergreen America Corp. Returns to JC

Evergreen America Corporation, agents for global ocean carrier Evergreen, has moved U. S. headquarters to Jersey City, NJ , from Morristown, NJ, effective November 17. The move returns more than 200 jobs to Jersey City. The new address is 1 Evertrust Plaza, Jersey City, NJ 07302. For ten years, Evergreen America maintained its head offices at the Evertrust Building, which is owned by an Evergreen Group division, before moving to Morristown four years ago.


UASC Challenges Top Players

Although the top 12 ocean carriers in the world today look set to continue dominating the market up to at least the end of 2014, UASC’s recent newbuild order will propel it up the ladder in a startling way. United Arab Shipping Company’s confirmation last week that it has ordered five 18,000 vessels and five 14,000 teu vessels for delivery between late 2014 and mid-2015 is the first major challenge to the top players’ vessel capacity supremacy since Coscon and CSCL burst


B+H Ocean Carriers Announces Vessel Acquisitions

B+H Ocean Carriers Ltd. Has acquired a 1993-built, 83,000 DWT Combination Carrier to be renamed MV SAKONNET for $36.4 million. The purchase, made effective as of January 15, 2006, also reflects the continuation of a five-year Time Charter which commenced in October, 2005. The purchase was effected through an existing tax lease structure with the Company as disponent owner through a bareboat charter party. Additionally


Evergreen Named Ocean Carrier of the Year

Evergreen Line announced it has been selected by Wal*Mart Stores Inc. as International Ocean Carrier of the Year for 2007-2008. The award is presented every year by the nation's leading retailer for service excellence in ocean shipping.  The award was presented to Jay Buckley, Executive Vice President, Business, of Evergreen Shipping Agency (America) Corp., the U.S. agent for Evergreen Line, at Wal*Mart's headquarters in Bentonville, Ark


APL Named Best Global Ocean Carrier

International maritime experts named APL the world’s best shipping line, and honored it for outstanding innovation. The Singapore-based container carrier received the Global Ocean Carrier of the Year award as well as the Innovation IT of the Year award here at the Containerization International awards. An eight-strong judging panel selected APL from a field of finalists including Maersk Line, CMA CGM and Hyundai Merchant Marine


Proposed Changes to 'Food for Peace' Program Resisted

Food Aid: Image credit USA Maritime

USA Maritime, a coalition of ship owning companies, maritime labor organizations & maritime trade associations states its position. USA Maritime Chairman James L. Henry corrects reports about the efficacy of the U.S. Merchant Marine in delivering U.S. food aid and to comment on the detrimental effects of proposed changes to the Food for Peace Program (PL 480) offered in the Administration’s Fiscal Year 2014 budget. Excerpts from his statement are as follows:


Good Friday Container Gate Operations at Charleston

Truck gates at Charleston's container terminals will be open on Friday, April 18th, 2014 with modified holiday work hours.   The interchange lanes and yard will be open from 0800 to 1200 and from 1300 to 1700. Empties, Dry Loads, and Chassis must be   


St. Lawrence Seaway Opens 2014 Season

The Algoma Equinox at Lock 3 of the Welland Canal at the Opening Ceremony of the St. Lawrence Seaways 56th navigation season. (Photo: Kevin Richard Hotte)

$500 Million Being Invested in Vital North American Trade Route The St. Lawrence Seaway Management Corporation (SLSMC) marked the opening of the Seaway’s 56th navigation season today, with the transit of Algoma Central Corporation’s newly built ship, the Algoma Equinox


Global Forwarders Favour Index-Linked Container Contracts

Fluctuations:Image courtesy of World Container Index assessed by Drewry

Index-linked contracts between shippers and carriers, and between shippers and forwarders, appear to be increasing for valid reasons, according to the latest edition of Drewry's Container Insight Weekly. According to Freight Investor Services


Mediterranean/N.American Freight Rate Stagnancy

Image credit APM

Ocean carriers were unable to increase freight rates between the Mediterranean and North America from November to January due to continuing poor vessel utilisation and the approaching threat of P3, according to the latest edition of Drewry's Container Insight Weekly. Westbound


CaroTrans Adopts CargoSmart’s Solutions

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CaroTrans, a global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, has announced adoption of CargoSmart’s Japan AFR (advanced filing rules) management solution to effectively address Japan’s new compliance requirement which goes into effect March 10th with


Asia-Middle East/India Cargo Growth Poor in Q4 2013: Analysts

File photo CCL

Cargo growth between Asia and the Middle East/Indian Subcontinent region was poor in 4Q 13, indicating that ocean carriers need to seek economies of scale and to look for more profitable ways of serving the trade lane, finds Drewry's latest Container Insight Weekly in a trade route analysis


P3 Network Restructures the Shipping World

Photo: Xeneta

The P3 agreement between Maersk, MSC, and CGM CMA continues to roil the waters. While the agreement’s pros-and cons are about to be scrutinized in an upcoming meeting between America’s Federal Maritime Commission, the European Competition Commission


Big Growth in Mediterranean Transhipment Business Observed

Transhipment volumes: Image courtesy of Drewry Maritime Research

Virtually all large Mediterranean transhipment hub ports recorded double digit growth in 2013, well above regional and global growth levels, notes the latest edition of Drewry's Container Insight Weekly. Once all full year data is collated


Ocean Carriers and NVOCCs Select Descartes

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Descartes Systems Group announced that ocean carriers and nonvessel operating common carriers (NVOCCs) have selected Descartes' Japan Ocean Advanced Filing Rule (AFR) solution to help them comply with Japan's new advanced cargo security initiative, which takes effect March 10, 2014.  


Poor Container Packing Costing Industry Millions

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CTUpack e-learningTM course launched to combat bad practice in warehouses and other packing facilities. Analysis by specialist transport and logistics insurer TT Club has revealed that as many as two thirds of accidents that involve the loss of, or damage to


Seaway Wraps Up with Grain Surge

For the second consecutive year, a surge in grain movements led to a strong finish for the St. Lawrence Seaway.  The St. Lawrence Seaway Management Corporation (SLSMC) announced today that the Seaway closed for the season on January 1, 2014, with the eastbound vessel Orsula transiting the St


Big Carriers Reduce North-South Options

Source: Drewry Maritime Research

Maritime research company, Drewry, said in this week’s container insight report that it is not just on the East-West routes that big container lines are consolidating, but consortia have also been expanding in North-South tradelanes, thereby reducing the number of weekly services available


Donahue to Direct PwC Freight Transportation

John Donahue

PwC US today announced the addition of John Donahue as a director in the firm’s transportation and logistics sector within the larger Industrial Products practice. With more than 25 years of experience in all aspects of the transportation and logistics industry


Port of L.A. Ready for Calif. Shore-side Power Requirements

Port Invests $180 Million; 25 Berths Equipped with Shore-Side Electric Power With more berths for ships to plug into shore-side electric power, or Alternative Maritime Power (AMP), than any other port in the world, the Port of Los Angeles said it is fully ready for its terminal operators and


Container Ship Newbuildings: Supply May Outstrip Demand

Photo courtesy of APM

Ocean carriers have a pool of surplus 8,000-10,000 teu vessels looming ahead unless some thinking ‘outside of the box’ is behind recent newbuild orders, considers Drewry Maritime Research in their latest 'Container Insight'. Supply side


 
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