Tariff Dispute between Washington and Beijing Haven’t Shown Effect on 2018 Third Quarter Peak Season

September 07, 2018

​CMA CGM sees a benefit for them from the busy market trade between China and United States. They can optimize their profit with the heavy flow of trade between the world’s two biggest economies. Rodolphe Saade, the CEO of CMA CGM said that the tariff dispute between China and US hasn’t shown any effect on the third quarter peak season for export from China to US. The strong and robust trade and export from China to US in this period is the proof. However, if the effect of the economic wars between them started to kick in, it surely will affect the volume of goods exported, said Saade.…See Details...

CMA CGM Launches Climactive for Refrigetated Containers

September 06, 2018

​French shipping line CMA CGM, the world's third biggest container shipping has just launched its new product - the climactive, the most advanced technology in active controlled atmosphere for refrigerated containers CLIMACTIVE is the latest technology for an optimized transport of fruits and vegetables…See Details...

Swire Shipping Opens New Office in Pago-Pago

September 06, 2018

​ Swire Shipping decided to open new office in Pago-Pago after their subsidiary, Polynesia Lines achieved a milestone of 500 voyages to Pago-Pago. The office will be headed by Rob Hardman, a veteran in shipping industry. …See Details...

Ministry of Transportation Regulation Number 53 Year 2018

September 03, 2018

​Ministry of Transportation of Indonesia conduct a survey in 2014 to 2015 which resulted in the discovery of 80% container used in many ports in Indonesia is not in proper condition. Reported from oceanweek.co.id, ​to prevent the shipment being rejected by destination port, Directorate General of Sea Transportation formulate new regulation to regulate the standardization of container. Hermanta, the Chief of Tanjung Priok Port Authority said that the formulated regulation is officially set in the Ministry of Transportation Regulation number 53/2018. The container standardization regulated in the Ministerial Regulation will refer to International Convention for Safe Container (CSC) set by International Maritime Organization (IMO). He said all of that in a socialization event for the regulation held in Santika Hotel, North Jakarta on Thursday, August 30th 2018.…See Details...

Ministry of Transportation is Focusing to Increase Sea Toll Productivity

August 30, 2018

Budi Karya Sumadi, Minister of Transportation of Republic of Indonesia hoped the sea toll can be used to spark economical movement of eastern Indonesia’s product to western Indonesia. He said, the purpose of sea toll is to create a connectivity between eastern and western Indonesia so they could reduce the price disparity between the area. That is why the Ministry of Transportation always encourage to increase the load productivity of sea toll. Sea toll is expected to increase the distribution’s efficiency from western Indonesia to eastern Indonesia with shorter time, cheaper cost, easier method so it could reduce the price disparity between eastern and western part of Indonesia. It is also expected to spark economic revolution of eastern Indonesia by encouraging the movement of eastern local product to western Indonesia.…See Details...

Indonesia as A Global Maritime Fulcrum

August 29, 2018

​With 17,504 islands and 108.000 kilometres of coast line, Indonesia is considered to be the largest archipelagic country. Two-third of Indonesia’s territory consist of seawater that stores an abundant of marine resources, oil and gas, as well as marine biodiversity. The President of Indonesia, President Joko Widodo, recognize this wealth of marine resources and Indonesia’s strategic geographic location. He intends to bring back the glory of Indonesia’s maritime through the strategic program of NAWACITA in order to make Indonesia a global maritime fulcrum.…See Details...

Pacific International Lines Names Southern Pearl

August 29, 2018

​Singapore-based containership operator Pacific International Lines (PIL) said that a naming ceremony of Southern Pearl had taken place at Taizhou Kouan Shipyard in China. The vessel is the first to be owned by PIL’s subsidiary Pacific Direct Line (PDL), the company said.…See Details...

Synchronet Marine Helps Customers With One-Click Sourcing For Interchanges

August 14, 2018

​SynchroNet Marine has just announced a new service option for existing customers, which provides immediate access to available interchange opportunities. The new outbound email communications program, sent directly to current customers, highlights opportunities for maritime container interchanges, with the option to provide specific quantities and / or precise locations for interchanges. This unique service enhancement reduces the need to sift through large quantities of emails, to field a multitude of telephone calls or to respond to fax inquiries when looking for interchange opportunities, whether on the supply or demand side of the interchange.…See Details...

Hapag-Lloyd Half Year Results: EUR 88.7 Million EBIT in a Challenging Market

August 13, 2018

Hapag-Lloyd has concluded the first half of the year 2018 with earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 425.2 million. This is EUR 61.4 million higher compared to the EBITDA of the first six months of 2017 (EUR 363.8 million). The earnings before interest and taxes (EBIT) stood at EUR 88.7 million after six months and therefore close to the level of the first half of the year 2017 (EUR 90.7 million). The group net result amounted to EUR -100.9 million, which is EUR 58.2 million below the 2017 half year result (EUR -42.7 million). These developments are mainly driven by the ongoing intense competition as well as higher operational costs, partly compensated by synergies coming from the business combination with United Arab Shipping Company Ltd (UASC).…See Details...

Container Shipping Firms Focus on Asset Optimisation Amid High Fuel Prices, Trade Disruption

August 13, 2018

Asset quality, size and diversification will determine the success of shipping companies in the next 18 months as higher costs, tighter environmental rules and worsening global trade relations risk offsetting buoyant demand and capacity reductions. ­­ Only container- shipping companies with the biggest fleets and most efficient vessels are likely to turn a profit this year and meet longer-term challenges, says Scope Ratings in a short report. Container shipping is a capital-intensive business. A .P. Møller-Mærsk, the industry leader, spends around USD 1bn a year on new ships. When owners have little control over cargo rates, and differentiating one freight service from another is difficult, industry returns depend on asset optimisation – ensuring ships are always at sea and fully loaded. …See Details...