Maersk Tankers Posts Loss In Tough Market

Maersk_Tankers

Despite outperforming the market on time charter equivalent earnings and costs, 2018 was a financially challenging year for Maersk Product Tankers, facing the lowest spot market rates seen in a decade. A strong balance sheet and significant investments build a solid foundation for the future. “In 2018, we continued the work to create sustainable, long-term … Read moreMaersk Tankers Posts Loss In Tough Market

Sealand Deploys 4,250 TEUS Containership for Direct Call from Panjang to North East Asia

The export of cargo from Lampung Province and Sumatera Island in general will be faster, more efficient, and expectedly cheaper, following the opening of Sealand’s Intra-Asia One (IA1) that will directly ship from Panjang to North East Asia regions. Sealand, a group of world’s number one shipping line Maersk Line, has just opened direct calls … Read moreSealand Deploys 4,250 TEUS Containership for Direct Call from Panjang to North East Asia

JICT Adds Direct Calls, More International Transshipment Services

Jakarta International Container Terminal (JICT) created another milestone today (March 22), following the first call of CMA CGM Group (ANL)’s Asia Australia Express (AAX). A 2,824 TEUs containership with LOA of 222 meter – MS Eagle – berthed for the first time at this Indonesia’s leading export import gateway. Routing Saigon – Port Klang – … Read moreJICT Adds Direct Calls, More International Transshipment Services

JICT the First Indonesia’s Terminal Handling International Transhipment

Since late February this year (2019), Tanjung Priok Port started service for international transhipment activities through Jakarta International Container Terminal, following the issuance of permit from Customs Authority. Through an approval letter No S-2234/KPU/01/2018 issued by Tanjung Priok Customs (KPU Tanjung Priok), JICT is allowed to serve any international vessels to do transhipment  at JICT. … Read moreJICT the First Indonesia’s Terminal Handling International Transhipment

Wan Hai Lines to Launch Independent Subic Express Service

Wan Hai Lines will expand further on its already intensive intra Asia network by launching a new weekly service between Taiwan – South China – Subic – Batangas and Cebu (Subic Express Service/SES). The service will be operated with two container vessels of 900 TEU. Port rotation of the service is as follows: Taipei-Kaohsiung-Hong Kong-Shekou-Subic-Batangas-Cebu-TaipeiThe first voyage is scheduled … Read moreWan Hai Lines to Launch Independent Subic Express Service

Yang Ming Launches Two More 14,000 TEU Ultra Large Container Vessels

Two new 14,000 TEU full-container vessels built by Imabari Shipbuilding Co., Ltd. and chartered by Yang Ming Marine, were named as YM Warranty and YM Wellspring on 6th March, 2019 at Imabari shipyard. Yang Ming Marine Transport Corp. President Vincent Lin was invited to the naming ceremony. Ms. Wu Pao Chen, wife of Yang Ming … Read moreYang Ming Launches Two More 14,000 TEU Ultra Large Container Vessels

CMA CGM Signed Ocean Alliance Extension to 2027

*Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, signs with his partners the extension of their cooperation The CMA CGM Group, a worldwide leading shipping group, is pleased to announce that Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, has just signed the extension of the Ocean Alliance cooperation … Read moreCMA CGM Signed Ocean Alliance Extension to 2027

CMA CGM unites its Containerships and MacAndrews brands

The CMA CGM Group, a worldwide leading shipping group, is pleased to announce the union, from April 1st, 2019, of its Containerships and MacAndrews brands under the single Containerships brand. By joining the forces of two recognized experts of intra-European multimodal transport, the CMA CGM Group will create and develop an Intra-European leading brand, combining unique maritime and inland solutions … Read moreCMA CGM unites its Containerships and MacAndrews brands

DRU Delivered the Second Pertamina’s Crude Oil Tanker Papandayan

National leading shipbuilder PT Daya Radar Utama (DRU) today, January 17, again delivered a 17,500 LTWD crude oil tanker at its shipyard in Lampung to the state owned oil company PT Pertamina. The tanker named Papandayan remained the second crude oil tanker ordered by Pertamina to support raw material supply to its refineries. In August … Read moreDRU Delivered the Second Pertamina’s Crude Oil Tanker Papandayan

APL Unveils New China Southeast Asia Express

APL today unveiled the new weekly China Southeast Asia Express (CSX) service that will directly connect Hong Kong, South China, Taiwan to four ports in the Philippines. Each week, the new service will call the Philippines ports of Subic Bay, Batangas, General Santos and Davao. The CSX service will be characterised by its access to … Read moreAPL Unveils New China Southeast Asia Express