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...

Steel Cut for World's Largest Container Vessels in Shanghai

August 02, 2018

​China State Shipbuilding Corporation (CSSC) has launched construction of CMA CGM’s 22,000 TEU boxships, which would make them the largest container vessels in the world, reported China's official media. The two are among nine 22,000 TEU vessels deal signed by French container shipping operator CMA CGM and China State Shipbuilding Corporation (CSSC) in September last year.…See Details...

ONE announces delivery of 14,000-TEU container ship ONE Minato

August 01, 2018

Ocean Network Express Pte. Ltd. (hereafter called “ONE”) is proud to announce the delivery of ONE MINATO, a 14,000 TEU-class magenta coloured containership, at Hiroshima Shipyard of Imabari Shipbuilding Co., Ltd, Japan on July 24, 2018. The sublet owner is Kawasaki Kisen Kaisha, Ltd.…See Details...

Containership MOL Truth Earned 'Ship of the Year 2017'

July 18, 2018

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL) Friday (Jul13) announced that 20,000 TEU containership, MOL Truth, one of the world's largest containerships, has received the "Ship of the Year 2017" award from the Japan Society of Naval Architects and Ocean Engineers (JASNAOE).​ The award is given for the highest levels of technology, design, and social responsibility among vessels made in Japan by JASNAOE.​…See Details...

APL Adds Port Calls to West Asia Express Service

July 18, 2018

​APL yesterday announced that the West Asia Express (WAX) service will be calling the additional ports of Xingang, Busan and Sohar as part of its service rotation. This refinement marks APL’s commitment to provide a wider coverage between the Far East and Middle East.​…See Details...