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Monthly Archives: November 2016

“THE Alliance” announces its proposed network

The new alliance is set to start operations in April 2017

The recently established “THE Alliance” has announced the proposed network from when it will start operations in April 2017, subject to completion of regulatory requirements. The alliance, which consists of carriers Hapag Lloyd, K Line, Mitsui O.S.K. Lines (MOL), Nippon Yusen Kaisha (NYK Line) and Yang Ming, will offer 31 services linking over 75 ports across Asia, North Europe, the ... Read More »

Large vessels blamed for slowest shipping growth since 2009

With a capacity of 19,100 teu, the CSCL Globe is one of the largest container vessels

A UN organisation has blamed the use of increasingly large vessels for the shipping industry’s worst year since the financial crisis. Seaborne shipments increased by 2.1% last year – the slowest growth in the industry since 2009 – according to the United Nations Conference on Trade and Development (UNCTAD), which has released its annual review of maritime transport. UNCTAD’s secretary-general, ... Read More »

Australia’s stevedoring prices lowest in 17 years

The Australian Competition and Consumer Commission (ACCC) has claimed that increased competition in container stevedoring lead to the lowest prices in at least 17 years. In its 2015-16 Container Stevedoring Monitoring Report, the ACCC reported that the average stevedoring prices in 2015-2016 hit their lowest point since monitoring started in 1998-1999. According to ACCC, this reflects the increase in competition ... Read More »

Cavotec receives new order from Salalah

Marine systems provider Cavotec has received an order for 16 new MoorMaster automated mooring technology units from the Port of Salalah, Oman. The new M400E15 units will operate at container berths 3 and 4 of the port, which already features the company’s technology at its berths 1, 5 and 6. Cavotec and Salalah also signed a three-year maintenance contract, a ... Read More »

Peel Ports’ Liverpool2 officially opens

The terminal has an annual capacity of 1m teu

UK biggest port operator Peel Ports has officially opened its new US$400m deep water terminal at the Port of Liverpool. The Liverpool2 facility, which has a handling capacity of 1m teu per year, will be able to handle the biggest cargo vessels currently operational. The new terminal joins Peel Ports’ existing 1m teu Royal Seaforth Container Terminal at the port. ... Read More »

Ocean Alliance announces proposed network

The new Ocean Alliance has announced the proposed network it plans to deploy once its operations start in April next year. The Day One Product document, which was signed by the alliance’s members COSCO Container Lines, CMA CGM, Evergreen Line and Orient Overseas Container Line (OOCL), sets out the network and includes port rotation for each service loop. Approximately 350 ... Read More »

Barcelona launches ambitious environmental strategy

Barcelona plans to convert straddle carriers from diesel to LNG

The Port of Barcelona, Spain, has launched a new initiative aimed at improving air quality through 25 actions including promoting liquefied natural gas (LNG) as an alternative fuel and offering discounts to cleaner ships. The Air Quality Improvement Plan includes projects to support the use of LNG to power ships, terminal machinery and trucks and provide the port with new ... Read More »

PSA orders Terex equipment for new Indian terminal

The RTGs' delivery will be completed in November 2017

PSA has ordered 22 new equipment units from Terex Port Solutions (TPS) for its new terminal under construction at Jawaharlal Nehru Port Trust (JNPT), India. The port operator’s Bharat Mumbai Container Terminal (BMCT), the first phase of which is expected to start operations by the end of 2017, will receive four rail-mounted gantry cranes (RMG) and 18 rubber-tyred gantry (RTG) ... Read More »

Maersk Line suffers US$116m loss

Maersk Line has suffered a US$116m loss in the third quarter of 2016 as average freight rates fell by 16% year-on-year. The world’s largest carrier’s third quarter loss compares to a US$264m profit in the same period last year. The company’s revenue went down by 11% year-on-year to US$5.4bn in the third quarter of 2016 due to the decline in ... Read More »