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G6 alliance unveils new Asia – North America schedule

The G6 shipping alliance has announced its Asia – North America summer programme following the suspension of 36 voyages to the US West Coast in February. The US West Coast will gain one resumed service plus another enhanced service although it loses two others. Meanwhile, the US East Coast gains two resumed services and one enhanced service. Of three services ... Read More »

CMA CGM considers business expansion after profits surge

CMA CGM Marco Polo in Port Kelang

French shipping line, CMA CGM, has announced an impressive set of 2014 results, featuring 8.1% container volume growth, a 5.3% increase in revenue and a 43.2% leap in consolidated net profit growth. During a conference call, vice-chairman of CMA CGM Group, Rodolphe Saadé, said the company would be “open” to merger and acquisition opportunities and the possibility of an initial ... Read More »

India to create 101 inland waterways

The Indian government has submitted a bill to parliament which would convert 101 rivers to inland waterways. Minister for road transport, highways and shipping, Nitin Gadkari said: “Promoting waterways is the top-most priority of my ministry. We have identified 101 rivers across the nation to be converted into waterways, which are a much cheaper mode of transport.” He added that ... Read More »

Exclusive: G6 alliance cancels 36 voyages between Asia and the US West Coast

CM understands that the G6 shipping alliance has cancelled 36 sailings over nine of its 12 different trade routes between Asia and the US West Coast. The ships had been scheduled to sail between March and May but have been omitted because of “continued vessel delays caused by the US West Coast congestion situation”. Hapag-Lloyd, one of the alliance partners, told CM ... Read More »

Hamburg Süd signs agreement to buy CCNI

Hamburg Süd has signed a sale and purchase agreement to acquire the container liner activities of Compañía Chilena de Navegación Interoceánica (CCNI) including the related general agency functions of Agunsa Agencias Universales S. A. (Agunsa). The take-over of the CCNI/Agunsa business is subject to appro­val by the competent antitrust authorities, scheduled to become effective at the end of March 2015. ... Read More »

Liner reliability plummets amidst West Coast crisis and introduction of alliances

Reliability figures for liner services crashed to a record low in January, part of knock-on effects caused by US West Coast congestion and the phasing-in of new alliances according to global shipping consultancy, Drewry. The overall on-time performance for the three key East-West trades slumped to a disappointing 48.6% in January, down by 9.4% compared to December, which itself was ... Read More »

North Atlantic trade vessel sharing agreement between UASC, CMA CGM and Hamburg Süd

UASC has entered into its third collaborative agreement in recent months

Dubai-based container shipping line, United Arab Shipping Company (UASC), is to enter the North Atlantic trade via a vessel sharing agreement (VSA) with CMA CGM and Hamburg Süd. The three partner companies will operate a service on the Transatlantic North trade, linking Northern Europe with the United States East Coast. The service, which will start in the third week of ... Read More »

CakeBoxx and Globe Tracker announce tie-up

Globe Tracker International, a provider of asset tracking, monitoring, remote management and data sharing services, has announced a strategic partnership with CakeBoxx Technologies, who make door-less intermodal shipping containers. Under the agreement, the companies will combine service and product offerings to supply pre-configured, off-the-shelf container/asset tracking solutions. CakeBoxx will offer its customers a factory installed Globe Tracker Communications Unit and ... Read More »

Evergreen to charter 11 ULCVs

Evergreen Group has signed time charter agreements with Japanese ship-owner Shoei Kisen Kaisha for 11 ultra-large container vessels (ULCVs), each with a capacity of 18,000 teu. The ships, which are scheduled to be delivered from 2018 to 2019, are 400 m long, 59 m wide and feature an optimised hull profile design plus minimum ballast water requirements to maximise cargo ... Read More »

Maritime industry debates merits of ‘cold ironing’

The declaration aims to limit global temperature rises. Credit: shutterstock/Alexei Novikov

Opinions varied as the British Society of Maritime Industries hosted a seminar in London yesterday to discuss whether ‘cold ironing’, which means ships using shore power, is viable, clean and cost-effective. Jeremy Rogers, sales engineer of Cavotec and Peter Selway, marketing manager of Schneider Electric both argued in favour of ‘cold ironing’, although they recognised that cost-benefit analysis must be ... Read More »