SEA

Mixed reaction over plan to revive ailing shipping agency

Mixed reaction over plan to revive ailing shipping agency-Forwardernews

As a key strategy in the recovery of KNSL, Cabinet proposed among other things, giving the company the sole mandate to handle Government cargo, estimated to be worth over Sh500 million annually.
The government further signed a memorandum of understanding with global shipping line Mediterranean Shipping Company (MSC), as a partner in the venture that is expected to see KNSL get to its feet and help Kenya exploit her potential in the Blue Economy, a key plank in Jubilee administration’s economic plan.
At least Sh250 million will need to be pumped into KNSL to make it fully operational with a target to create over 6,000 jobs five years after its revival as it seeks a slice of Sh300 billion worth of business in the shipping industry.

CMA CGM to Continue Pursuing Acquisitions

CMA CGM to Continue Pursuing Acquisitions-Forwardernews

Speaking on the sidelines of yesterday’s inauguration of the company’s new flagship, the 20,600 TEU CMA CGM Antoine de Saint Exupery, in the Port of Le Havre, the company’s CEO Radolph Saade, confirmed to Reuters his company was interested in Hapag-Lloyd but added that the matter was closed now.
Potential future targets of the company have not been revealed.

Digital Freight Forwarding Group Subsumed by Largest Global Container Shipping Line

Digital Freight Forwarding Group Subsumed by Largest Global Container Shipping Line-Forwardernews

Launched in April 2017, Twill was created as a 'Damco innovation' and operated as a partner with the freight forwarder and supply chain management company, which is part of AP Moller - Maersk. The realigning of the brand will make it possible to offer Twill to all Maersk customers, in line with the AP Moller - Maersk strategy to become a global integrator of container logistics offering end-to-end solutions.
The online Twill platform aims to provide greater control of shipments by offering instant price quotes and booking, transparency and tracking services, simplified paperwork and proactive customer care. Troels Stovring, CEO of Twill, commented:

Port Houston Jumps to Top 5 U.S. Container Ports

Port Houston Jumps to Top 5 U.S. Container Ports-Forwardernews

Port Houston, which has been expanding rapidly in recent years, has climbed to become the fifth largest container port in the U.S., according to JOC Piers data covering the second quarter of 2018. Port Houston handled 1,057,964 twenty-foot-equivalent-units (TEUs) during that period and catapulted up from the sixth spot.
Port Houston is outpacing trade for the U.S. as a whole this year, led by strong imports, the data also shows. For example, during the first six months of 2018, Port Houston imports from the Trans-Pacific region jumped by 24 percent, a significant hike compared to overall U.S. Trans-Pacific imports, which increased by 5 percent.

Kenya to Revive National Shipping Line in Partnership With MSC

Kenya to Revive National Shipping Line in Partnership With MSC-Forwardernews

The Kenya National Shipping Line, which was established in 1987 and stagnated after years of mismanagement, is “expected to once again become an active participant in international seaborne trade, which accounts for a significant percentage of Kenya’s total trade,” Kenyatta said Thursday after signing an agreement with MSC’s First Vice President Giovanni Cuomo.
The government proposes to give the KNSL, which is owned jointly by the East African state and three foreign shareholders, the sole mandate to handle government cargo, the presidency said in another statement on Tuesday.

Container line Hapag-Lloyd announces scrubber, LNG trials for IMO 2020 compliance

Container line Hapag-Lloyd announces scrubber, LNG trials for IMO 2020 compliance-Forwardernews

The IMO's marine fuels sulfur limit is set to drop from 3.5% to 0.5% at the start of 2020, forcing ship-operators to either switch to cleaner, more expensive fuels or install emissions-cleaning scrubber systems on board their vessels to allow them to continue to use fuel oil.
Hapag-Lloyd is currently preparing to test scrubbers on two of its vessels, and is converting a third to run on LNG, the company said last Friday.
The company has a fleet of 226 container ships and burned a total of 2.2 million mt of bunker fuel in the first half of 2018.

OOIL Positive About COSCO Deal

OOIL Positive About COSCO Deal-Forwardernews

OOIL owns one of the world’s largest international integrated container transport businesses, which trades under the name OOCL. As at June 30, 2018, the Group had total liquid assets amounting $2.2 billion and total indebtedness of $4.2 billion. 
On July 13, a joint offer made by COSCO Shipping and Shanghai International Port to acquire all the shares of OOIL achieved the necessary level of shareholder acceptance to become unconditional.

PORT OF NEW YORK AND NEW JERSEY REPORTS RECORD CARGO VOLUMES DURING FIRST HALF OF 2018

PORT OF NEW YORK AND NEW JERSEY REPORTS RECORD CARGO VOLUMES DURING FIRST HALF OF 2018- Forwardernews

The Port Authority announced today that cargo volumes in the Port of New York and New Jersey set a new record for the first half of 2018, with volumes up 6.8 percent over the same period in 2017, when the previous six-month record was established.
Between January and June this year, the port handled 3,450,469 TEUs (20-foot equivalent length cargo containers), compared to 3,229,675 TEUs handled during the same period in 2017. The increase was fueled by a 7.8 percent hike in loaded import containers, primarily carrying commodities such as furniture, appliances, and beverages. Export loaded containers also increased by 9.2 percent, further boosting the increase. The record volume has allowed the port to maintain its position as the busiest on the East Coast.

U.S. airlines set to change Taiwan listings amid pressure from China

U.S. airlines set to change Taiwan listings amid pressure from China-Forwardernews

The airlines are expected to list the city of Taipei as a destination without referring to the place where it is located, the official said. The Chinese government has demanded that airlines describe it as part of China, not Taiwan.
Similar changes are expected for Hong Kong and Macau, which are autonomous territories of China. China doesn’t recognize Taiwan as a sovereign nation.

Port Of Liverpool To Receive New Container Services

Port Of Liverpool To Receive New Container Services-Forwardernews

2M is switching its TA2 service from Felixstowe to Liverpool on a temporary basis. At the same time, Maersk Line’s South American service, Colombia Express, will also start calling at the port of Liverpool, exporting UK goods to Newark.
Liverpool will be the final port of call for both weekly services as they head westbound across the Atlantic. The ships will load UK export cargo such as Scotch whiskey, food products, and trade machinery. The new services will also see the Port of Liverpool open up direct links with the US ports of Charleston and Savannah.

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