Asia

Monday, May 20, 2013

  Air freight rates out of Asia are slowly inching back up to February’s yearly high of $3.32 per kilogram, ending April at $3.21 per kilogram, a rise of $0.06 over March’s figure, according to the Drewry East-West Air Freight Price Index .    The index measures the average per-kilogram price paid by forwarders to airlines on 21 major East-West routes. Each result factors in the base rate plus any security and fuel surcharges.    February’s high-water mark came in $0.32 per kilo...

Monday, May 20, 2013

   Maersk Line said it will raise rates by $750 per TEU on containerized cargo moving from Far East Asia (excluding Japan) to North Europe on July 1 .    Maersk also announced a $150-per-container increase on dry and refrigerated cargo moving from the Mediterranean to the Far East, effective June 1. From Syria, the increase will be $115 per container. - Chris Dupin

Monday, May 20, 2013

   Drewry is predicting an increase in slow steaming by container carriers.    "Although slow steaming continues to be a contentious issue with shippers, more is on the way as fuel prices remain stubbornly high and ocean carriers can no longer absorb the bill due to the parlous nature of their finances," the London-based consultant says in the latest edition of its Container Insight Weekly .    "Drewry believes that ocean carriers are losing money at present due to the frei...

Monday, May 20, 2013

   "Blank sailings," which occur when liner companies decide to omit a scheduled voyage are "becoming a regular feature in particularly the Asia-Europe trade," said this week's edition of SeaIntel Sunday Spotlight .    "It has always been the norm that a significant amount of sailings are blanked following Chinese New Year. This is prudent capacity management by the carriers in response to the widespread factory closures during this time of the year. However, if we only look at the l...

Monday, May 20, 2013

   China will assist its shipping companies to "escape recession" according to a report attributed to the Xinhua news agency .    Xinhua quoted He Jianzhong, China's vice minister of transportation, as saying the government would assist companies in several ways, including offering subsidies to encourage retirement of old ships to reduce supply and improve safety.    The government will also encourage carriers to sign long-term contracts and "strengthen interference into the...

Monday, May 20, 2013

   In its recently ended fiscal year, Virgin Atlantic Cargo boosted its market share on 30 routes, sometimes gaining up to 40 percent of the share of a given lane. That aggressiveness helped lead to cargo results that, despite a terrible cargo market, were basically flat when compared to the previous year.    Virgin Cargo carried 214,737 tons of cargo in the 2012-2013 fiscal year, a 0.91-percent decline over the previous year. Revenues ended the fiscal year at 230 million euros ($295...

Friday, May 17, 2013

   Non-vessel-operating common carrier Vanguard Logistics Services has started new services from Batam, Indonesia to global destinations.    Many Indonesian and multinational manufacturers operate on the small island of Batam, which is located 20 kilometers southeast of Singapore.    All less-than-containerload cargo from Batam is traditionally moved via small barges to Singapore's Pasir Panjang Breakbulk port. It is then relayed by open truck to Keppel District Park at Tan...

Friday, May 17, 2013

   A group of investors and stakeholders from more than 115 organizations have banded together under the Interfaith Center on Corporate Responsibility to ask global shippers to ensure the safety and welfare of their workers and to ferret out supply chain abuses.    The group has called on shippers around the world to implement International Labor Organization standards at all their facilities and to pay attention to the United Nation’s framework on human rights responsibilities in bus...

Friday, May 17, 2013

   The U.S. Export-Import Bank has authorized an approximately $500 million direct loan to finance the continued development of a Mongolian mine that, upon completion, will generate about 30 percent of the Mongolian GDP.    Additionally, Ex-Im Bank's financing will support about 2,000 U.S. jobs across the United States, according to bank estimates derived from Commerce and Labor department data.    The Oyu Tolgoi mine, which is located in the South Gobi region about 550 kil...

Thursday, May 16, 2013

   The Kahala Posts Group (KPG), an alliance of 10 postal administrations around the world, has signed a deal with the global trade management solutions provider Amber Road aimed at increasing their competitiveness in the international delivery market.    KPG member organizations include the Australian Postal Corp., China Post Group, Correos y Telégrafos SAE, Groupe La Poste, Hongkong Post, Japan Post Co., Ltd., Korea Post, Royal Mail Group, Ltd, Singapore Post Limited and the U.S. Po...

Thursday, May 16, 2013

   DHL Supply Chain will invest 10 million euros ($12.9 million) in Vietnam over the next two years, hiring new staff, upgrading current infrastructure and building a new facility in North Vietnam.    The integrator began operations in the country in 2001.    DHL plans to hire 1,400 new workers in Vietnam, increasing its workforce by 170 percent. This new influx of employees will be added to an employment base that has already expanded by 800 workers in the past there years...

Thursday, May 16, 2013

   C.R. England, one of North America's largest trucking companies, has appointed Sam Scott and Tracy Brown as new division presidents.    Scott has become president of the National and Regional Divisions, and Brown will assume the role of president of the Dedicated Division.    Scott has been with C.R. England since 2003, serving in various capacities at the manager, director and vice president levels in the company. In his most recent position, first as director, then vice...

Wednesday, May 15, 2013

   Hapag-Lloyd has announced substantial rate increases and a peak season surcharge in the Asia-Europe trade.    They include: $1,000-per-TEU general rate increase on the Far East Westbound trade, effective July 1. This increase applies to shipments from East Asia (excluding Japan) to all North Europe and Mediterranean (excluding South and West Africa) destinations. Implementation of a peak season surcharge on cargo moving from East Asia (excluding Japan) to the Mediterranean of $650...

Wednesday, May 15, 2013

   Undersecretary of Commerce for International Trade Francisco Sánchez will lead a civil nuclear trade policy mission to Vietnam and China, May 17-23.    Representatives from 18 companies, law firms, and industry associations will join U.S. government officials on the mission, which will make stops in Hanoi, Vietnam; and Beijing and Ningbo, China. Sánchez    “Vietnam and China are both steadily expanding their nuclear power programs, which presents abundant opportunities fo...

Wednesday, May 15, 2013

   Cathay Pacific saw cargo activity fall 0.6 percent, year over year, to 123,805 tons in April as capacity ticked up by 1.5 percent.     So far this year, cargo tonnage has fallen 1.2 percent on a 3.2-percent capacity rise.    The Asian air carrier’s James Woodrow said the cargo market still hasn’t recovered from its “major dip” in April 2011. Two years, he added, is an unprecedented period of cargo malaise.    “While our tonnage last month was almost on a p...

Wednesday, May 15, 2013

   A half dozen container shipping lines say they will restructure their services between the Far East and South America east coast.    The Chilean carrier CSAV said the changes are being made "in view of continuous challenging trading conditions" in the trade.    It said that effective from July, CSAV, China Shipping, CMA CGM, Hamburg Süd, Hanjin and Maersk Line will restructure their services between the Far East and South America East Coast by launching three new joi...

Tuesday, May 14, 2013

   NOL, the Singapore-based parent of liner carrier APL, said Tuesday its first quarter operating losses fell 64 percent to $85 million, compared to the same period in 2012.    Operating losses for APL alone fell 59 percent to $101 million, while operating profits from APL Logistics grew 27 percent to $16 million.    The NOL Group had a $76 million net profit in the first quarter, a huge improvement over the $254 million it lost in the first quarter of 2012.    Li...

Tuesday, May 14, 2013

   The Port of Virginia set a record Saturday for handling the heaviest containership on the U.S. East Coast when the MSC Chicago sailed through the 50-foot channel with export cargo at a draft of 49 feet, according to the port authority.    Export cargo often consists of grains, waste paper, machinery and other heavy products that typically weigh more than imports of consumer goods, making it difficult for ocean carriers to fully load vessels with full containers in many ports....

Monday, May 13, 2013

   SeaIntel Maritime Analysis says some carriers appear to be moving freight in the Asia-Europe trade lane at below the price of fuel.    In the most recent issue of its SeaIntel Sunday Spotlight newsletter, the company says it calculated the average bunker adjustment factor for the trade by averaging those of the top 15 carriers.    "When subtracting the BAF, which is there to compensate for the fuel costs, the base rate according to the Shanghai Container Freight Index dr...

Monday, May 13, 2013

   A third runway at London Heathrow Airport is the only way to prevent a cargo capacity crisis, according to Larry Coyne, CEO of Coyne Airways.    In a speech last week in London, Coyne said U.K. logistics firms are vulnerable to losing out on business to companies in mainland Europe if the capacity crunch is not addressed.    His speech came in reaction to the push for an airport on Thames Island in London, a proposal that calls for a two-runway airport with rail and seapo...

Monday, May 13, 2013

   Lloyd's List  reported China Shipping Group Chairman Li Shaode has confirmed the five 18,400-TEU ships his company has ordered will be deployed in a 10-year joint service with United Arab Shipping Co.    American Shipper was not able to confirm the report with UASC that it will order ships similar in size to those that China Shipping will acquire from Hyundai Heavy Industries. Strings operating between Asia and North Europe usually consist of 10 similar size ves...

Monday, May 13, 2013

   Three-fourths of global logistics companies are unable to get the prices they deserve for their services, according to the findings of the Global Pricing Study 2012 , conducted by strategy and marketing consultancy Simon-Kucher & Partners.    The causes, managers say, are a price-aggressive competitive environment and a prevalence of standardized products. The study incorporated responses from 151 people in the transportation and logistics sectors throughout Europe, Asia, North...

Monday, May 13, 2013

   All Nippon Airlines will resume regular, nonstop Boeing 777-300ER flights from Tokyo Narita to Seattle-Tacoma International Airport on June 1.    The carrier will reintroduce Boeing 787s to the route starting in September.    ANA had been flying the Tokyo-Seattle route using 787s since October, but took the 787 out of service when the Federal Aviation Administration grounded the planes in January due to battery issues. ANA halted services to Seattle altogether in March.&...

Friday, May 10, 2013

   The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service has proposed to amend its rules to allow the import of fresh jackfruit, pineapple, and starfruit from Malaysia into the continental United States.    As a condition of entry, all three commodities would have to be irradiated for insect pests, inspected, and imported in commercial consignments. There would also be additional, commodity-specific requirements for other pests associated with jackfruit, pin...

Friday, May 10, 2013

   Undersecretary of Commerce for International Trade Francisco Sánchez arrived in Hong Kong Thursday with representatives from a group of U.S. companies to start off the Trade Winds Asia 2013.    According to the Commerce Department’s International Trade Administration, the annual trade mission and business matchmaking event helps firms gain market insights, make industry contacts, and solidify business strategies to expand U.S. exports to trading partners in the region. Sánchez &nbs...

Thursday, May 09, 2013

   Hutchison Port Holdings Management said a wage increase proposal put forth by the external contractors at its Hongkong International Terminals, providing a 9.8 percent pay rise, has been accepted by their workers and the external contractor workers have voted to return to work.    HIT said it's now working quickly to return its operations back to normal capacity.    A report posted on the Sea News Turkey Website indicated there may still be tension between worke...

Thursday, May 09, 2013

   DHL Global Forwarding has added daily intermodal services from Shanghai and a weekly service from Chengdu to the European border.    The offerings will use a combination of rail and truck transportation.    According to DHL officials, customers will see faster shipments of up to 21 days compared with ocean shipments and lower transportation costs.    This service offers the option of booking variable capacity — "ranging from a single container to a whole t...

Tuesday, May 07, 2013

   Matson, a container carrier offering services between the U.S. mainland and Hawaii and Guam, as well as an eastbound service from China, said it had a profit of $9.1 million in the first quarter, ending March 31, compared to a profit of $3.8 million in the same 2012 period.    Revenue for the first quarter of this year was $394.7 million, compared with $366.1 million in the same 2012 period.    Revenue from the company's ocean transportation services was $299.9 mill...

Tuesday, May 07, 2013

   MOL said it will start offering a new Asia-Mexico Express Service, joining a string operated by Hapag-Lloyd.    Designated AME by MOL and AME 1 by Hapag-Lloyd, MOL joins the service with the sailing of the containership  Tamina from Ningbo on June 24.    MOL will offer the following port rotation: Ningbo, Shanghai, Busan, Yokohama, Ensenada, Manzanillo, Lazaro Cardenas, Ensenada, Yokohama, and Ningbo. - Chris Dupin

Tuesday, May 07, 2013

   Dockworkers in Hong Kong have decided to end a 40-day strike after securing a promise of a 9.8 percent wage increase and improved working conditions.    The Union of Hong Kong Dockers (UHKD) said it had received on Monday a written confirmation jointly signed by the four contractors at Hongkong International Terminal - Everbest, Comcheung, Lem Wing and Pui Kee - via the Hong Kong Labor Department that confirms the 9.8 percent increase in the basic wage for all their employees ...

Monday, May 06, 2013

   Hyundai Heavy Industries (HHI) said five ships it will build for China Shipping Container Lines will be capable of carrying 18,400 TEUs.    The ships would appear to be even larger than the 20 "Triple E" ships being built by DSME shipyard for Maersk Line, which Maersk has said will have a capacity of 18,000 TEUs.    Hyundai said the order from China Shipping is valued at $700 million.    China Shipping's ships will feature an electronically-controlled main ...

Monday, May 06, 2013

   Zim said last week that it's revising port rotations to better serve customers in the United States.    Speaking during a reception for customers held at Maher Terminals in Elizabeth, N.J., Lea Bogatch-Genossar, president of Zim America, said the company’s Zim Container Service Pacific (ZCP) is adding the Port of Norfolk in Virginia to its rotation.    The ship Zim Mediterranean is scheduled to arrive in Norfolk on June 15. The new rotation will be Savanna...

Friday, May 03, 2013

Cambie    OOIL, the parent company of liner carrier OOCL, said Thursday that its chief financial officer, Ken Cambie, has given notice and will step down as of June 1 to pursue interests outside the company.    Cambie will be replaced on an interim basis by Alan Tung, with the OOIL board conducting a search for a permanent replacement. In a notice to the Hong Kong Stock Exchange, OOIL said Cambie had no disagreement with the company’s board or any other matter relating to his resigna...

Thursday, May 02, 2013

   Hanjin Shipping said it had a loss of 34.7 billion South Korea won (KRW), or $31.5 million, in the first quarter of 2013, compared to a loss of 338.4 billion KRW in the same 2012 billion.    Sales amounted to 2.5 trillion KRW ($2.3 billion) in the first quarter of 2013, 10.2 percent more than sales in the same 2012 period. The operating loss was 59.9 billion KRW in the first quarter, smaller than the operating loss of 217.3 billion KRW in the same 2012 period.    Hanjin ...

Wednesday, May 01, 2013

   Iron ore exports are moving through Southern California's Port of Long Beach for the first time in 40 years.    The port said SA Recycling, a long-time exporter of scrap metal through the port, is working with CML Metals Corp. to send iron ore from mines in Utah, California, Arizona and Nevada to Asian steel makers. ( However, the U.S. Geological Service notes that in 2012, mines in Michigan and Minnesota shipped 97 percent of the usable ore produced in the Unit...

Wednesday, May 01, 2013

   Hong Kong Radio Television said striking dockworkers are expected to return to the bargaining table on Thursday for a fifth day of talks after little progress was made in resolving a dispute with subcontractors at the port.    "Striking dock workers and port contractor Everbest held eight hours of talks at the Labour Department offices in Kwai Hing on Tuesday, but little progress was reported," it said. "The workers initially demanded a pay increase of more than 20 percent. However...

Wednesday, May 01, 2013

   The information service Alphaliner says spot freight rates from China to Europe have crashed.    "Spot freight rates from China to Europe are currently offered at $700-$800 per TEU, compared to $1,300-$1,400 per TEU at the beginning of the year," it noted in its weekly newsletter .    Alphaliner said 20 new ships of between 8,500 and 16,000 TEUs will be introduced into the Far East-North Europe trade in the second quarter, in addition to seven new units that were ad...

Wednesday, May 01, 2013

   Although air cargo activity out of Asia has cooled in the past few months, Volga-Dnepr Airlines recently delivered a 90-ton shipment of oil and gas equipment from Singapore to Turkmenistan.     Flying an Antonov 124-100 freighter on behalf of Pacific Airlift, the company had to use a special loading device to get some of the equipment, including a single 40-ton piece of machinery, on board the plane. - Jon Ross

Tuesday, April 30, 2013

   Japan’s three large container carriers, which operate with a fiscal year that runs from April 1 to March 31, on Tuesday reported their results for the 2012-2013 fiscal year ending March 31, 2013.    NYK and “K” Line reported a profit, while MOL reported a loss.  NYK    Japan’s largest shipping company had a profit of 18.9 billion yen ($230 million) in the year ending March 31, 2013, compared to a loss 72.8 billion yen the prior year. Revenue in the year ending March ...

Tuesday, April 30, 2013

   OIA Global has opened a new office in Tokyo — the company's first office in Japan — and has named Shigeru Kashihara as managing director of Japan.    The new location will give OIA customers in the United States, Japan and throughout Asia-Pacific better control of their freight, according to a company release.    "Our new office in Japan, reinforces OIA's growth strategy and allows us to further build our infrastructure in the world's fastest growing markets," the compan...

Monday, April 29, 2013

   China Shipping Container Lines is reportedly planning to order five 18,000-TEU ships.    Both Lloyd’s List and Fox Business/Dow Jones reported the company’s intention to order the ships .    Only Maersk Line has ordered such large container vessels, which it has dubbed the “Triple-E” class for economy of scale, energy efficiency and environmentally improved. The first of the Maersk ships are expected to be delivered later this year.     Dow Jones ...

Monday, April 29, 2013

   China's air cargo volume rose to 487,000 tons in March, a 4-percent year-over-year increase on the way to a three-month finish of 1.3 million tons, according to the Civil Aviation Administration of China.    Year to date, Chinese air freight is 4.7-percent ahead of 2012’s activity.    The latest figures showed that new air cargo strongholds have emerged in the country. In March, domestic volume increased by 7.1 percent, but activity in Hong Kong, Macau and Taiwan sh...

Monday, April 29, 2013

   The liner carrier MOL said last week its vessel on-time arrival rates rose on the Asia-U.S. West Coast lane from the last quarter of 2012 to the first quarter of 2013.    However, on-time rates deteriorated on the other four lanes it measures.    MOL's Asia-U.S. West Coast on-time percentage rose during the quarter from 88 percent to 95 percent. But on all-water services to the U.S. East Coast, the on-time percentage fell from 81 percent to 76 percent. On the transatlant...

Monday, April 29, 2013

   Cargo theft in North America stayed flat, year over year, in 2012 as European theft rates rose by 24 percent, according to FreightWatch International.    Cargo theft in Asia also increased.    According to the company, however, the greatest theft threats still exist in Brazil, Mexico and South Africa. Last year, about 6,800 thefts were reported in Sao Paulo, and more than 6,000 Mexican thefts occurred in 2012.    Pharmaceutical thefts are on the rise in Europe, ...

Friday, April 26, 2013

   China COSCO Holdings Co. Ltd., the shipping conglomerate whose holdings include COSCO Container Line, the terminal operating company COSCO Pacific as well as bulk shipping and logistic operations, said it had a loss to equity holders of the listed company of about 2 billion yuan renminbi ($322 million) in the first quarter of 2013.    The company's report to the Hong Kong Stock Exchange said its container shipping business had revenue of 9.2 billion yuan in the first qua...

Friday, April 26, 2013

   Orient Overseas (International) Ltd. on Friday announced unaudited operational results for its Orient Overseas Container Line (OOCL) subsidiary for the first quarter of 2013.    OOCL had revenue of $1.36 billion in the quarter, 3.6 percent more than in the same 2012 period. Container volumes in the first quarter were 1,241,454 TEUs, down 0.3 percent from the same 2012 period.    The company noted “with an increase of 2.9 percent in loadable capacity, the overall load fac...

Friday, April 26, 2013

   UTi Worldwide has opened a new multi-client logistics center in New Taipei City, Taiwan.    The facility, measuring 461,000 square feet, is located about 20 minutes from Taiwan Taoyuan International Airport and just off Taiwan’s Highway 2 for quick access to the island’s main distribution channels.    “This facility is adaptable to the requirements of several industries such as pharmaceutical, healthcare, and wine and spirits which may require temperature-controlled...

Friday, April 26, 2013

   Kuehne + Nagel is opening an office in the Russian Far East port city of Vladivostok.    The new office will be managed by the operation in Yuzhno-Sakhalinsk where K+N started its activities in 2002 to cater to the needs of oil and gas companies.    In addition to Yuzhno-Sakhalinsk, K+N operates two more locations on Sakhalin, one in Nogliki in the northern part of the island, and a bonded/non-bonded warehouse in Korsakov south of Yuzhno-Sakhalinsk.    “Ou...

Thursday, April 25, 2013

   Evergreen said it will launch a new weekly direct service next month linking central China with the U.S. West Coast.    The China-Pacific South West Service (CPS2) will employ five 4,000-TEU ships, with an inaugural sailing from Ningbo on May 14. The port rotation will be Ningbo, Shanghai, Los Angeles, Oakland and Ningbo.    Evergreen said it also said it will use the new CPS2 and its existing HTW service (which according to BlueWater Reporting uses five Evergreen ships ...

Thursday, April 25, 2013

   The Obama administration said it’s looking forward to stronger trade relations with Vietnam through the Trans-Pacific Partnership (TPP) trade agreement.    Acting U.S. Trade Representative Demetrios Marantis on Wednesday completed a three-day visit to Hanoi, where he discussed outstanding issues with Vietnamese President Truong Tan Sang, Deputy Prime Minister Vu Van Ninh, and ministers and vice-ministers at Vietnam’s ministries of Planning and Investment, Environment and Natural Re...

Thursday, April 25, 2013

   The Obama administration Wednesday notified Congress of its intent to include Japan in the Trans-Pacific Partnership (TPP) Agreement negotiations.    This notification follows an announcement on April 12 that the United States and Japan had completed bilateral TPP consultations, as well as an announcement by TPP countries on April 21 that they welcome Japan as a participant in the TPP negotiations, pending the successful completion of domestic procedures by each TPP country.  ...

Wednesday, April 24, 2013

   Pacer International/Ocean World Lines has appointed Al Benki to senior vice president of international logistics in the United States and Europe.    He formerly served as the company’s senior vice president of international logistics for Asia and Europe.    Taking Benki’s place in Asia is Danny Yang, who will serve as managing director for Asia.    Benson Chua has become Pacer International/OWL’s managing director in China, while Andrew Luk continues to manage t...

Tuesday, April 23, 2013

   Hong Kong's Labor Secretary, Matthew Cheung, met with striking dock workers on Monday and urged them to return to the negotiating table, according to the Website of Radio Television Hong Kong .    It said Cheung met with the workers for the first time since they struck in late March. The striking workers are employed by several subcontractors at Hong Kong International Terminal (HIT).    Meanwhile, Bloomberg and the news service SinoShip reported on the impact of the stri...

Tuesday, April 23, 2013

   Asia-Pacific e-commerce growth could be limited by the region’s logistics capabilities, according to a new report by Transport Intelligence.    The report, Asia Pacific e-commerce Logistics 2013 , points out that the region is the world’s fastest growing e-commerce market and has the potential to become the largest market for e-commerce sales in the next few years, with 33 percent expansion in the e-commerce logistics market in 2012.    “This is a region that has long be...

Tuesday, April 23, 2013

   Over the course of 2013, American Shipper will bring you a view of six containerized import regions in the United States based on data supplied by the trade intelligence firm Zepol Corp.    The regions to be profiled bimonthly are the Pacific Southwest, Bay Area, Pacific Northwest, Gulf Coast, South Atlantic, and North Atlantic. The reports will include a picture of those regions biggest imports by liner carriers, non-vessel-operating common carriers (NVOs), origin country, and pro...

Monday, April 22, 2013

   Drewry said ocean carriers are planning to add 12 percent more vessel capacity to the Asia-East Coast North America (ECNA) trade by May despite lack of cargo growth.     "It seems like suicide, but new cargo sources may be envisaged,” the Londobn-based consultancy said.    Drewry estimated that in March carriers operating between Asia and ECNA were operating at only 67 percent utilization eastbound, and 56 percent westbound.    In the latest...

Monday, April 22, 2013

   The U.S. Federal Aviation Administration has officially approved design modifications for the Boeing 787's lithium battery system after giving the go-ahead for Boeing's certification plan in early March.    The final directive for a return to service for Boeing's 787 Dreamliner planes will be published in the Federal Register next week. The agency will also give aircraft operators instructions for implementing the new battery system.    In addition to other modifications...

Monday, April 22, 2013

   Air freight rates out of Asia continue to be somewhat volatile, dropping from $3.32 per kilo in February to $3.15 per kilo last month, according to the latest Drewry East-West Air Freight Price Index.    The March decline in rates comes after two months of steady increases. September was the last time the freight rate average hit $3.15, but if last summer is any indication of rates in 2013, pricing will continue to fall. In June and July of last year, rates came in at $3.12 per kil...

Friday, April 19, 2013

   Nils Andersen, chief executive officer of the A.P. Moller-Maersk Group, said while the 20 “Triple E” containerships that the company is building will result in a big infusion of capacity in the Asia-Europe trade “we will put them in over a prolonged period and we will take out a number of vessels in other categories, smaller less efficient vessels, and take them into other trades so we will not add capacity.”    He made his remarks on NBC television . The Maers...

Friday, April 19, 2013

   The liner carrier CMA CGM on Friday took delivery of the second of the series of what is currently the largest containership in the world.    The 16,000-TEU U.K.-flagged CMA CGM Alexander Von Humbold t will be deployed on the French carrier’s flagship FAL1 service between Asia and Europe.    The third vessel in the series, the Jules Verne , is scheduled for delivery in May. The first vessel, the Marco Polo , delivered in November 2012, is currently the largest containers...