Tag: Maersk

Along with other container lines participate in the Cargo Incident Notification System Network Maersk Line and Mediterranean Shipping Co join forces to reduce the number of accidents caused by hazardous cargoes, poorly stowed containers or inaccurate weight declarations.The purpose is to collect and share all information related to potentially dangerous containerised freight on an industry-wide basis. That would enable container lines to receive a rapid alert in the case of worrying incident, and for carriers to have a clearer idea of how widespread certain bad practices or possibly risky situations are across the industry.These two large container lines along with CMA CGM, Evergreen, and Hapag-Lloyd, are participating in the Cargo Incident Notification System Network. The TT Club and the International Group of P&I Clubs, are also involved in the project,with the Container Owners Association acting as a neutral host for the database.All information about cargo that either has or could have caused an accident will be fed into Cinsnet so that statistics can beproduced and industry trends identified.Shipowners will have the hard evidence to back up their claims in case any clear patterns emerge indicating that further action ought to be taken either at industry or regulatory level .The statistics ...

A challenging second quarter The world's largest container shipper Maersk Line expects the seasonal peak in volumes to start later this year on its key Asia-Europe routes, but still hopes rising demand and a decline in the rate of new ships coming to market will lead to an improvement in the currently weak rates in the third quarter of 2011, its chief operating officer told Dow Jones Newswires."It's difficult to predict how the Asia-Europe business will develop going forward. What we can say is that we've had a challenging second quarter, and that the peak period on volumes may start a little later than usual this year," said Maersk Line Chief Operating Officer Morten Engelstoft.Maersk Line, a unit of Danish industrial conglomerate A.P. Moller-Maersk A/S, however, maintains its mid-term expectation of trade growth of between 5% and 8% on the Asia-Europe routes between 2011 and 2015, Engelstoft said.Container traffic between Europe and Asia has been hit in the first half of 2011 by a massive decline in rates, with shipping prices currently down some 50% on the year, and 40% this year sofar. Maersk Line is particularly sensitive to price volatility on these routes, because traffic here makes up about ...

Bunker use for MSAR is moving rapidly to the commercial test phase UK-based Quadrise Fuels International has issued a progress report on its Quadrise MSAR? emulsion fuel which is intended as a low cost replacement for conventional fuel oil in refining operations, steam and power generation and the international marine bunker market. The company says a joint development programme (involving QIL, AP Møller-Maersk and AkzoNobel is "moving rapidly to the commercial test phase".In February QIL announced a Royalty Agreement with A.P.Møller-Maersk. This establishes the commercial basis for future conversion to Marine MSAR? across their container fleet with implementation expected to commence in 2012, subject to successful sea trials.Quadrise says that a key feature of its bunker programme is the production of a stable emulsion fuel manufactured from different oil refinery heavy residues, with fuel properties that substantially eliminate the need for any marine engine modifications. It says that a number of extensive land-based marine engine tests have been completed, with final testing scheduled to be concluded in the coming months.Quadrise adds that commercial negotiations are near completion with European oil refiners for the installation of manufacturing facilities to produce Marine MSAR? for a sea-based trial on a designated 105,000 ton ...

The largest and most efficient container vessels of the world Today, at a signing ceremony in Tokyo, Japan, Maersk Line exercised its option with Korea's Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build an additional 10 Triple-E ships, the world's largest and most efficient container vessels.The event follows Maersk Line's order in February this year for 10 Triple-E vessels with two options - each for an additional 10 ships."I am very excited to have signed a contract with Daewoo for 10 more Triple-E ships. We now have twenty Triple-E on order. They underline our strong commitment to the Asia-Europe trade and fit well with our current ambitions and expectations for the future development of the trade. We believe the Triple-E ships with their record capacity and energy efficiency will enable us to deliver on the commercial and environmental expectations of our customers and also give us a significant competitive advantage in the market," says Eivind Kolding, CEO of Maersk Line.Maersk Line expects demand on the Asia to Europe trade to increase 5-8% per year during 2011-2015. By introducing the Triple-E vessels from 2013, Maersk Line will be able to meet the increasing demand as well as maintain its market ...

Aims to provide a green recycling service Green scrapping of ships is being launched by leading figures behind Maersk Ship Management Recycling and aims to provide an absolutely green recycling service.It will provide services for brokers, yards and owners - including AP Moller-Maersk - and will focus on the safe and environmentally sound recycling of ships and floating structures.The venture, Sea2Cradle, is being spearheaded by Tom Peter Blankestijn, director of Maersk Ship Management Recycling, and colleague Wouter Rozenfeld.Sea2Cradle,which is based in Rotterdam,follows AP Moller-Maersk's recent decision to pull out of the green recycling of ships for third-party owners and close its operation, which it views as non-core.It started the activity after taking over P&O Nedlloyd, where Blankestijn was also active. Blankestijn and Rozenfeld have more than 11 years' experience in green ship recycling with AP Moller-Maersk, which is said to be in full agreement with Sea2Cradle's launch.Operations have mostly focussed on using yards in China, although Blankestijn says Sea2Cradle plans also to utilise Van Heyghen in Ghent, Belgium, part of the international Galloo Recycling Group.The Belgian yard has scrapped UK Ministry of Defence vessels, among others.Sea2Cradle will have three shareholders including managing director Blankestijn and director of operations Rozenfeld.The other ...

Hving a 20 Triple-E on order Maersk Line, the world's largest container shipping firm, on Monday exercised its option with Daewoo Shipbuilding & Marine Engineering to build an additional ten 18,000 teu mega container vessels. Maersk Line had in February this year already ordered ten 18,000 teu vessels, with two options each for an additional 10 ships.We now have 20 Triple-E on order. They underline our strong commitment to the Asia-Europe trade and fit well with our current ambitions and expectations for the future development of the trade, said Eivind Kolding, ceo of Maersk Line.The first 10 vessels will be delivered 2013-14 and the second batch of 10 vessels are slated for delivery in 2014-15. The deadline for exercising the last option for an additional 10 vessels is at the end of December 2011.Maersk Line said that at this point it does not intend to exercise the option.Source: Seatrade Asia

Ports in southern China are preferred Hong Kongs status as one of the worlds leading maritime centres is not under threat, but change is coming. At the start of April this year container giant Maersk cut its calls at the port of Hong Kong by a quarter, from around 30 per week to 22-23. The reason? The carrier said it would be transferring most of the calls to a terminal at the port of Nansha near Guangzhou in southern Mainland China which is partly owned by sister company APM Terminals.The transfer was a huge blow both to Modern Terminals, which handles most of Maersks calls at Hong Kong, and to Hong Kongs status as the regions leading container hub. More blows could follow.The port lost its status as the worlds largest container port back in 2004 and was ranked third according to 2009 throughput totals, some distance behind Singapore and Shanghai. The ports of Shenzhen and Guangzhou, located over the border in Mainland China, were fourth and sixth in the rankings.Last year the port of Hong Kong handled 23.7m teu, again putting it in third place although the figure was still below the record set in 2008 pre-global financial crisis.The ...

Maersk sees a short dip in June, but it is not that dramatic A Maersk Line executive said the carrier is seeing container shipping demand from Asia to the U.S. fall off in June after steady growth earlier in the year, but the carrier calls the decline is the result of an inventory correction by retailers.We definitely are seeing a short dip in June, but it is not that dramatic, Soren Karas, vice president and head of South China at the carrier, said on the sidelines at the inaugural Journal of Commerce Shanghai Container Shipping Conference.Most say this is a short-term phenomenon, he said. It is clear that if the biggest retailers are taking June to correct inventory, that will have an impact.The weaker market on North Americas largest shipping trade lane follows falling indicators across the United States in recent weeks, from broad manufacturing measures to rail freight commodities transport data, that raised concerns that the economic recovery is losing steam.Many shipping industry numbers have shown steady growth, however, including reports that showed Southern Californias ports with their busiest month of the year so far in May.I think the reason it is getting attention is that business had been ...

Failure to comply may lead to penalties and fines The shipping industry has warned its customers that failure to comply with new EU regulations will mean fines and their cargo will not be loaded.The new regulations, requiring cargo information 24 hours before shipment, came into force on 1 January, but for the first six months, compliance was not strictly enforced, to allow companies time to get used to them.However, from 1 July, the Entry Summary Declaration (ENS) regulation will be fully enforced, meaning carriers will refuse to load cargo if the requirements are not met.The new regulation allows EU Customs to perform a security risk assessment before goods enter the EU.It requires that shipping companies receive an ENS which includes information such as the bill of lading number and shipper and consignee name and address 24 hours before loading the cargo on a vessel that will call at an EU port, or, for shortsea traffic, two hours before entry at its first EU port.It applies to all goods brought into EU customs territory, cargo transhipped via an EU port even if it has a non-EU final destination or cargo remaining on board a vessel calling en-route at an EU port.Maersk ...

Due to poor market conditions Danish shipping and oil group A.P. Moller-Maersk has postponed a planned bond issue worth up to 1 billion euros ($1.44 billion) due to poor market conditions.A spokesman for A.P. Moller-Maersk declined to comment. Maersk said last month that Barclays Capital, ING, JPMorgan Chase, Mitsubishi and Nordea would start a roadshow on May 31, but that it had not made a final decision on whether to go ahead with the bond.Analysts said on Wednesday the issue has probably been postponed for weeks. "I estimate it is solely because of the market conditions and that they have postponed the issue," said Jyske Bank corporate bond analyst Martin Bo Hansen. "We have seen a sour market since they took the decision to look into this in May."The group was looking to issue a 10-year bond, as its two previous issues were five-year and seven-year paper, a source close to the matter told Reuters last month.Sydbank senior corporate bond dealer Henrik Jordt Veno said the postponement was likely to be more than a matter of days."The corporate bond market is feeling very bad right now due to the Greek debt crisis and continued bad ratings from the ratings agencies ...