South Korean Hyundai Merchant Marine announced that it will launches a new Asia-North Europe Express service in April. HMM will use ten Panamax vessels in AEX service and its first sailing begins on April 8th. HMM has in its plans to order eco-friendly mega containerships in the 1st half of 2018.
The IMO NCSR Sub-Committee approved the Danish Maritime Authority’s proposal for new ships’ routeing measures, and opened the way for new routes in the Skagerrak and the Kattegat and aims to enhance safety of navigation.
Shipping company Maersk released its trade report for 2018, according to which both US’s and Canada’s trades will continue to increase, but Canada is expected to surpass the US during 2018. The outlook is more positive for Canada, which can be one of the fastest growing markets in terms of container trade across the Americas in 2018.
The US Federal Trade Commission informed that it will take the Norwegian company Wilhelmsen in court, regarding the company’s plan to buy the US Drew Marine Group. According to FTC this deal will put marine water treatment chemicals market competition in danger.
US Coast Guard and Texas A&M University-Corpus Christi officials signed a Memorandum of Agreement regarding the cooperation between the two parties in education and recruiting efforts, earlier this week. According to the agreement USCG will support commissioning and mentoring programs in place at A&M-Corpus Christi.
In its recently published quarterly magazine, Korean Register cites what it considers to be the top ten issues driving the shipping and shipbuilding market throughout 2017.
Maersk is considering to expand to targets outside the shipping industry, in an attempt to position itself into a new competitive area, alongside giants of the industry, over the next three to five years. Maersk currently owns 20% of the container shipping market and wants to expand, but a shift in land can face regulatory obstacles.
Currently 67 shipping lines operate fully cellular containerships in the container shipping industry. However, more than 87% of fleet capacity is controlled by only 10 of them, representing just fewer than 7% of the total lines.
Two years ago, the Boston Consulting group highlighted that slow growth in global demand coupled with a persistent oversupply of vessel capacity, was a major industry challenge. Although global container demand did improve in 2017, overcapacity is expected to remain in the range of 6% to 9% in 2020.
Tokyo-based MOL and compatriot Nippon Concept Corporation announced the conclusion of a capital and business alliance agreement, with the objective of developing a comprehensive two-way strategic partnership including both partners’ group companies, and steadily enhancing their businesses.
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- Green Shipping
First fully electric ferries to operate in Canada20/03/2018
Nigeria to improve its maritime security strategy20/03/2018
Bulk carrier runs aground in White Sea20/03/2018
Changes to Marine Casualty Reporting Property Damage Thresholds20/03/2018
New regulation to improve cruise ships security20/03/2018
Measuring seafarers welfare20/03/2018
Microplastics: tiny plastic, big problem20/03/2018
Likely Brexit deal looks like 'no deal' for ports, says BPA20/03/2018