Shipping and Maritime

MV Singan

Swire Bulk takes Delivery of New, Log-fitted Bulk Carrier, MV Singan

May 28, 2020 - Swire Bulk, the bulk division of The China Navigation Company, has taken delivery of its new, log-fitted bulk carrier into service. MV Singan is traded worldwide with a strong focus on the logs trade in the Pacific and South Atlantic.

The vessel was named in February 2020 by lady sponsor, Mrs Kaori Imoto, the wife of John Swire & Sons Board Director, Jonathan Swire. The ceremony was held at The Hakodate Dock Co., Ltd.’s shipyard in Hakodate, Japan.

MV Singan embarked on her maiden voyage at the end of April for Busan.

According to Rob Aarvold, General Manager at Swire Bulk, the vessel is designed for optimal speed and consumption at 12.5 knots in the laden condition. The eco-efficiency additions of the Rudder Bulb, Wake fin and Pre-swirl will improve vessel hull efficiency. 

Log carriage requires a high level of structural stability, which MV Singan offers. The vessel is also installed with the latest solid state radar equipment which is integrated with ECDIS. This ensures compliance with the latest and future requirements and for system updates to be managed easily.

“Swire Bulk’s newbuilding programme will enable us to strategically deliver the largest and most eco-friendly fleet trading in the market,” Aarvold said. “We remain committed to delivering market-leading, innovative and sustainable shipping solutions to our customers with our modern eco-designed vessels.”

MV Sungkiang, MV Singan’s sister vessel, is being built at the same shipyard scheduled for delivery in June 2020.

“Having these log-fitted new buildings on water would strengthen Swire Bulk’s position in the log market. We are one of the world’s largest handy-size logger fleets, and we have the flexibility, supply and consistent technical standards to perform and deliver freight contracts safely, reliably and professionally,” Aarvold added.

About Swire Bulk

Established in 2012 as the dry bulk trading division of The China Navigation Company (CNCo), Swire Bulk operates a modern fuel-efficient fleet comprising owned, long term and short term-chartered tonnage. With a fleet size of over 150 Handysize and Supra/Ultramax/Panamax vessels and eight offices around the world, Swire Bulk is well-positioned to serve customers globally, providing them with cost-effective solutions while offering greater flexibility.

SOURCE: Swire Bulk

 

CMA CGM Group

CMA CGM Group Secures EUR 1.05 Billion Loan Backed by French Government

May 13, 2020 - The CMA CGM Group [on May 12] announced that it has secured a EUR 1.05 billion syndicated loan from a consortium of three banks: BNP Paribas, HSBC and Société Générale. This loan is part of France's State-guaranteed loan scheme established at the end of March in response to the COVID-19 pandemic.

The State guarantees 70% of the loan, which has an initial one-year maturity and an extension option for up to five additional years. This new funding further strengthens CMA CGM’s cash position in order to confront uncertainties in the global economy resulting from the health crisis and lockdown measures in a large number of countries. At this stage, the Group anticipates a limited slowdown in its activity over the near term, with an estimated decrease in market volumes of 10% in the first half of 2020 compared to the first half of 2019.

As soon as the first wave of the epidemic hit China, the Group implemented several measures, including:

  • Protecting the health and ensuring the safety of its employees, both on land and at sea;
  • Reorganizing and adjusting maritime services to the needs of its customers;
  • Stepping up the cost reduction program for both maritime operations (ports and vessels) and logistics operations (adapting warehouse activities).

In addition, the CMA CGM Group is using its expertise to transport essential goods, particularly medical and pharmaceutical products, thereby helping to combat the health crisis in France and around the world.

“I would like to thank the French authorities for having introduced this scheme so effectively and quickly,” said Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group. “This loan also shows the confidence our banking partners have in the CMA CGM Group's business model and strategy.

“In the context of this unprecedented crisis, controlling the supply chain has become crucial. Thanks to our expertise, commitment and agility, we have transported several hundred million masks and medical supplies that are essential in responding to the health emergency.

“Looking ahead, we will apply this same know-how to support the recovery of the French and global economy. The current crisis supports our view that globalization should be rethought, based on more balanced and more environmentally friendly forms of trade,” Saadé concluded.

SOURCE: CMA CGM Group

 

Alexander Global Logistics - wood pulp

Alexander Maritime Services Charters Two Breakbulk Vessels to the Middle East

May 11, 2020 (Press Release) - Alexander Maritime Services (AMS), a sister company of Alexander Global Logistics (AGL), has successfully performed two breakbulk charters from the Port of Flushing in the Netherlands, to the ports of Aqaba and Bahrain in the Middle East.

AMS is certainly not shy when it comes to chartering. On a regular monthly basis, they charter 8-10 coaster loaded with wood pulp and other bulk cargos within the European waters. This time, these two charters came on top due to the lack of container space and equipment on this route caused by the COVID-19 situation. The cargo originated from South America, and was available in Flushing for immediate shipment to guarantee production of hygienic material in the Middle East. Thanks to the AMS team, the goods should arrive in time to be put into the production process.

In addition to the above routes, AMS is organizing on a regular basis breakbulk wood pulp shipments from Southeast Asia to the Middle East. Main other discharging ports in the Middle East are Abu Dhabi, Dubai and Jeddah. As we write this article, the team is busy working on yet another charter for wood pulp from Northern Europe to China.

SOURCE: Alexander Global Logistics GmbH

 

SCA Charters Two Large Container Vessels

May 4, 2020 (Press Release) - On April 22, 2020, SCA takes two bigger container vessels on charter. The vessels have considerably larger cargo capacity than their predecessors. They are today named m/v Baltic Shearwater and m/v Baltic Petrel.

“We at SCA Logistics have a strategy to develop large-scale solutions that make us even more cost-effective in the long term. With the new vessels, the goal is to load 40 percent more container cargo. By large-scale, the vessels also contribute to a lower climate impact while at the same time strengthening our customers' competitiveness,” says Nils Johan Haraldsson, Vice President Marketing and Business Development at SCA Logistics.

To enlarge the container traffic is also part of the ongoing efforts of expansion and development of the ports in Sundsvall and Umeå.

“In both cities, the port developments will bring increased opportunities for container traffic. The trend with bigger container volumes is also evident, not least in our own ports where container volumes are steadily increasing and have been doing so for many years,” continues Nils Johan.

Southbound, the cargo is dominated by export products from the forest industry, to a large extent our own goods from SCA, but also from other pulp, paper and sawmill industries. There is also cargo from other basic industry and mechanical companies. Northwards the freights are containers with mostly consumer goods and intermediate products, which are shipped to the industries.

“It is important that we can build larger and more stable volumes from Umeå and Sundsvall, that strengthens also the competitiveness of our customers in a global market," says Nils Johan.

Initially, the new vessels will run according to the current route Umeå-Sundsvall-Oxelösund-Rotterdam. After an initial period, the plan is to transport the vessels into a shipyard for repainting. It may then also be relevant to rename them so that the vessels receive SCA names.

About SCA's new vessels and fleet

After four successful years, the new container vessels replace m/v SCA Tunadal and m/v SCA Munksund, which have also been chartered. The theoretical capacity of the new vessels is 1638 TEU nom1. It can be compared with the two previous vessels which had a capacity of 1018 TEU nom. With heavy products from the forest industry, however, the number of containers falls to some extent. The larger vessels are more fuel efficient and reduce carbon dioxide emissions per shipped container. In addition to the new container vessels, SCA's fleet consists of our own three RoRo vessels m/s SCA Obbola, m/s SCA Ortviken and m/s SCA Östrand.

1 TEU = A load gauge for a container vessel that refers to the space of a 20-foot container.

SOURCE: SCA

 

Federal Maritime Commission Issues New Guidance on Detention & Demurrage

April 29, 2020 - The Federal Maritime Commission (FMC) has issued new guidance about how it will assess the reasonableness of detention and demurrage regulations and practices of ocean carriers and marine terminal operators (MTOs) under 46 U.S.C. 41102(c).

The final rule, “Docket No. 19-05, Interpretive Rule on Demurrage and Detention under the Shipping Act”, will become effective upon its publication in the Federal Register.

Under the new interpretive rule, the Commission will consider the extent to which detention and demurrage charges and policies serve their primary purpose of incentivizing the movement of cargo and promoting freight fluidity.  The rule also provides guidance on how the Commission may apply that principle in the context of cargo availability (and notice thereof) and empty container return.

The Commission may also consider in assessing the reasonableness of detention and demurrage practices factors related to:

  • Content and clarity of carrier and MTO policies addressing detention and demurrage.
  • Clarity of carrier and MTO detention and demurrage terminology.

The final rule adds two provisions that were not included in the proposed rule published in September 2019.  The first clarifies that the guidance in the rule is applicable in the context of government inspections. The second clarifies that the rule does not preclude the Commission from considering additional factors, arguments, and evidence outside those specifically listed.

This final interpretive rule is the culmination of a process initiated by a petition (Petition P4-16) submitted to the Commission in December 2016 by a coalition of shipper groups.  In the intervening period, the FMC held public hearings in January 2018; initiated a Fact Finding Investigation in March 2018 led by Commissioner Rebecca Dye (Fact Finding 28); and issued a proposed rule in September 2019.

The Federal Maritime Commission (FMC) Mission is to ensure a competitive and reliable international ocean transportation supply system that supports the U.S. economy and protects the public from unfair and deceptive practices. For further information, visit: www.fmc.gov

SOURCE: Federal Maritime Commission

 
<< first < Prev 1 2 3 4 5 6 7 8 9 10 Next > last >>

Page 4 of 10