CMA CGM Enjoyed 6.3% Revenue Increase in Q3, to USD6.06 Billion

November 28, 2018

French shipping company CMA CGM - the world’s third biggest shipping line, booked USD 6.06 billion revenue in third quarter (Q3) 2018, a 6.3% increase from USS5.70 billion in Q32017, thanks to the volume increase it handled during the period and the appropriate partnership strategy with some logistics companies. …See Details...

Korindo Foundation’s Rp 7 Billion Aid Arrives in Palu

November 07, 2018

This aid was handed over directly by the Vice Chairman of KORINDO Group Mr. Kim Sang Jin accompanied by the General Secretary Yi Sun Hyeong to the Staff of Indonesian Red Cross (PMI) of Central Sulawesi at Port of Pantoloan, Palu.…See Details...

Kyowa Shipping Deployed Two Additional Multipurpose Vessels in 2018

October 24, 2018

In 2018, Kyowa Shipping, a Tokyo-based liner shipping with main services connecting Japan with Pacific Islands deployed two new 12,000DWT Roll-on/Roll-off (RoRo) Multi-Purpose vessels into Far East-Micronesia service. The two RoRo launched in May and August, respectively, are expected to strengthen its position in market within the region, the company has said. …See Details...

8 Shipyard Unable to Complete 26 Ships on Time

October 22, 2018

Indonesian government has ordered 150 ships to many shipyards. Those shipyards are the member of Indonesian Ship Industries and Offshore Companies Association (Iperindo).…See Details...

Chaotic Launch Causes ONE to Loss

October 19, 2018

Japan carrier network, Ocean Network Express (ONE) experiencing a huge loss. ONE predict that their loss could rise up to 600 million USD on their first year. The prediction came up because ONE have lost their customer’s trust. Their customer lost their trust in ONE after the chaotic launch in April.…See Details...

Govt Responds Positively the Shipbuilders Dispensation Proposal

October 18, 2018

​National shipbuilders appreciate the government positive response on their proposal to give compensation ships that failed to be delivered on time and to extend the time for completion until December 31, 2017. As the reports said, as many as 26 ships of total 152 units, financed by multi-years state budget (APBN 2015-2018), failed to be delivered according to the contract deadline (April 2018). All the ships were built by the national shipbuilders and are expected to support the government program of sea toll.…See Details...

CEVA Logistics Announces Increase in CMA CGM Stake

October 18, 2018

CMA CGM has purchased shares of CEVA during the last few days, so that the group consisting of CEVA and CMA CGM currently holds a participation of 33 per cent in the CEVA’s shares…See Details...

Opening New Route, Marine Toll Subsidies Fell Sharply

October 05, 2018

Tramper and People’s Shipping, Domestic Sea Traffic and Transport Sub-Directorate Section Chief, Hasan Sadili said that the subsidy fund for marine toll in 2019 will decline in value. The decline will be a sharp one, around 50 percent compared to this year subsidy fund. …See Details...

IMO: There will be no delay on 2020 Sulphur Fuel Regulation

October 03, 2018

Edmund Hughes, the Head of Air Pollution and Energy Efficiency of IMO’s Marine Environment division said that the regulation will not be postponed. Even though seen as controversial, Hughes is confident that the majority of ship owners will comply. …See Details...

IMO 2020 Sulphur Fuel Regulation

September 29, 2018

On October 2016, International Maritime Organization, IMO through Marine Environment Protection Committee (MEPC) issued a new regulation to reduce the maximum sulphur emission threshold. The last regulation was from 2005, where the maximum threshold for sulphur emission is 3.5% m/m (mass by mass). The past regulation was issued through International Convention for the Prevention of Pollution from Ships, or Annex VI MARPOL Convention.…See Details...