Tag: Maersk

At the TOC conference in Belgium Yesterday, Maersk Line CEO, Eivind Kolding, addressed the container shipping and logistics industry as the keynote speaker at the TOC conference in Antwerp, Belgium.His message was clear and simple: If container shipping is to secure its licence to operate in the future, the industry needs to change now! Containerisation often referred to as the engine of globalisation - revolutionised world trade. The potential it unlocked by effeciently connecting producers and consumers across the world enabled both shipping lines and their customers to develop their businesses in ways that previously had seemed impossible.However, container shipping, is also the story of an established business model that often disappoints customers: one in every two containers is late, shipping lines are complex to do business with, and the industry, even while being the most environmentally-friendly transportation mode, still lacks transparency and common goals.With examples from the automotive, aviation, portable music players and mobile phone industries, Eivind Kolding told the conference that just because an industry is established it may only be a few years from being completely overtaken by new technology. And, that market and customer behaviour is forcing companies to never lose sight of what customers really ...

The Port of Hachinohe and the Port of Sendai Maersk Line, the world's largest container shipping firm, announced the partial resumption of services at two Japanese ports damaged by the catastrophic earthquake and tsunami that hit the northeastern part of the country on March 11.The Port of Hachinohe in Aomori Prefecture and the Port of Sendai in Miyagi Prefecture, will resume partial services, Maersk K.K., Maersk Lines Japanese subsidiary, said Monday.Maersk Lines services -- for both exports and imports -- had been completely suspended at the Port of Hachinohe, the Port of Sendai and the Port of Onahama in Fukushima Prefecture -- since the March 11 twin natural disasters.The three ports are all located on the Pacific coast of the Tohoku region, which bore the brunt of the disasters.Maersk Lines services at the Port of Hachinohe and the Port of Sendai have been suspended due to heavy damage to terminal facilities and barge and feeder service suspension caused by the huge earthquake and tsunami, Maersk K.K. said in a press release.Now that we confirm the operational feasibility after repair works and resumption of barge and feeder service, we are pleased to announce that Maersk Line partly re-opens acceptance at those ...

Green Life - Maersk Line Green Life introduces us to the leading container shipping company in the world to show how green shipping has become a big part of doing green business today. With more than 500 vessels, Maersk Line has found ways to not only reduce global CO2 emissions, but innovative ways to improve its own energy efficiency.

200 participants including Maersk and MSC They might have been surprised as it was the first time for them to see LNG (liquefied natural gas) power such a huge engine. Lee Yeong-man, head of the Okpo shipyard of Daewoo Shipbuilding and Marine Engineering, told a Dong-A Ilbo reporter Monday about a demonstration held in Denmark.On May 18, Daewoo demonstrated its new LNG engine and eco-friendly ship propulsion system at the headquarters of the Danish ship engine producer MAN Diesel & Turbo in Copenhagen. Some 200 participants, including representatives from large shipping companies such as AP Moeller-Maersk and MSC, were enthralled by the worlds first large-scale LNG engine and propulsion system.Lee said, LNG has been used as a fuel only for small ships such as ferries, but the newly developed LNG engine and propulsion system can be used for large ships with capacities of more than 10,000 TEU. A 20-foot-long container is 1 TEU.In a world first, Daewoo incorporated greenship technology into its eco-friendly ship propulsion system. Greenship technology is the new big thing in shipbuilding. Countries are strengthening their regulatory measures to reduce sea pollution. For example, the International Maritime Organization has requested that shipbuilders cut nitrogen oxide emissions 20 ...

Its deployment of over 10,000teu capacity has a disproportionate impact on the market Aggressive pricing by Ultra Large Container Ship (ULCS) operators threatens Asia-Europe rates this year and next.The introduction of ULCSs is the primary driver of bearish Asia-Europe container freight rates this year, according to one leading analyst, who told IFW the market could further deteriorate in 2012 when deliveries peak.Janet Lewis, Regional Head of Industrials & Shipping Research in Asia at Macquarie Capital Securities, said that overall demand on the Asia-Europe trade had been robust this year but the deployment of ULCSs of over 10,000teu capacity was having a disproportionate impact on the market.Theres pressure from owners to fill them, she said. If you replace an 8,000teu capacity vessel with one of 12,000teu and you want 90% utilisation, then theres the temptation to discount because your cost per teu is lower.We believe that operators who have introduced the new vessels have been aggressive in pricing to attract cargo, putting more pressure on the Asia-Europe routes.All-in spot rates on services from Shanghai to northern Europe were down to $892 per teu last week, less than half of the rate a year earlier, according to the Shanghai Containerised Freight Index ...

Containers between India and the Middle East region Maersk Line announced a piracy risk surcharge on containers shipped between India and the Middle East region.Effective June 1, the surcharge is $70 per 40-foot equivalent unit.As a result of the increased piracy activity, and in light of our continuous efforts to prevent piracy attacks and to protect our crew and cargo in the intra-Gulf region, we will introduce an emergency risk surcharge to mitigate the expenses incurred on securing and maintaining reliable and safe services, the Danish carrier said in a trade notice Wednesday.The intra-Gulf region primarily includes ports in the United Arab Emirates, Saudi Arabia, Kuwait, Oman, Qatar and Bahrain.Source: Journal of Commerce

For cutting debt and beefing up its fleet of boxships Diana Containerships has officially unveiled a plan to offload as much as $165.7m worth of stock through a follow-on equity offering aimed at cutting debt and beefing up its fleet of boxships.The Nasdaq-listed owner, which tied up an IPO just four months ago, says it is looking to sell 14 millions shares and over two million overallotments.When the company released a preliminary prospectus on 9 May, TradeWinds reported that parent Diana Shipping has already agreed to purchase approximately $20m worth of the companys common stock in a private placement that would take place at the same time as the public offering. We intend to use approximately $65m of the net proceeds of this offering and the concurrent private placement of shares to Diana Shipping to repay in full our existing secured term loan facility with DnB NOR Bank, approximately $63.5m to fund the balance of the acquisition costs of the three containerships that we have agreed to acquire from Maersk, it told investors.If all goes according to plan, Diana Containerships said the rest of the war chest would be set aside for additional containership acquisitions which may include two 1996-built ...

Maersks decision hit the port community like a tsunami Maersk Line is pulling out of Gioia Tauro, dealing a major blow to the troubled southern Italian ports role as the Mediterraneans leading ocean container transshipment hub.The Danish carrier will cease transshipment services in July, reducing its presence in Gioia Tauro to a single feeder link to the North West Italian port of Genoa.Maersk Line can confirm that its Asia-Europe services will cease calling Gioia Tauro by early July, said Maersk spokesman Michael Christian Storgaard.In effect this means that Gioia Tauro no longer will be used as a transshipment hub in Maersk Lines global network.Maersk will transship Asian containers bound for the Central Mediterranean at CMA CGMs Malta terminal where it will leverage its vessel sharing agreement with the French carrier.Asian cargo for the fast-growing East Mediterranean market, particularly Turkey and the Black Sea, will switch to the Suez Canal Container Terminal in Port Said, Egypt, a more convenient location that has greatly increased its transshipment traffic in recent years.Storgaard said the decision to quit Gioia Tauro was driven by Maersks continuous effort to optimize its service network to ensure cost effective and competitive operations.Hinting at further changes in its network, ...

Made of uncertified tropical hardwood to reduce demand for illegally logged wood Maersk Line, extending its environmental initiatives to equipment, will phase out the purchase of containers with floors made of uncertified tropical hardwood this year in a bid to reduce demand for illegally logged wood.The worlds largest container ship operator said all the containers it has purchased since January have floors made of timber from suppliers using responsible forestry practices, or alternatives such as bamboo and recycled plastic.Maersk will accept tropical hardwood verified as legally compliant by the Forest Stewardship Council through 2011 while production of other floor types is scaled up.Maersk has already purchased 64,000 containers that comply with its new procurement policy and plans to buy an additional 3 million boxes in the next five years, more than doubling its current container fleet.A large percentage of the container fleet will therefore have new alternative floors boards with a relative short time span, Maersk said.Certified floors will be in all Maersk Line containers within 18 years, the typical life span of a container.Illegal logging is widely recognized as a serious threat to forests, people and wildlife, said Jacob Sterling, head of climate and environment at the carrier.We feel ...

LNG and FPSO arms made a profit of only $12m Maersk is said to be looking to offload its FPSO arm Maersk has been discreetly tapping the market for some months about a possible sale of its FPSO business, TradeWinds' sister publication Upstream said quoting an unnamed source.Talk of its FPSO business being no longer core for Maersk comes barely days after the Danish giant said it may sell its LNG shipping arm.The Danish company said it will go to the market to find a potential buyer for Maersk LNG because it wants to reallocate resources to other parts of the group.Quoting a rival FPSO contractor the newspaper said informal discussions have been held between Maersk and potential buyers.Maersk has been approached by interests that have been keen to look either at individual units in their fleet or the entire division, Upstream reported.Together, the LNG and FPSO arms made a profit of only $12m in the first quarter of 2011 and generated a rate of return of 1.8%, far below that of Maersks upstream and shipping businesses.Late last year Maersk brought in Stig Hoffmeyer as the new chief executive at its LNG and FPSO operations in a bid to turn ...