The Singapore maritime industry has crossed the one billion gross tons shipping tonnage mark way ahead than usual, judged against previous years.
In terms of timescale, the mark was achieved four months ahead compared to four years ago when the shipping tonnage surpassed the billionth figure in December in 2004. The vessel which had the honour of crossing the one billion mark was APL Australia, a container ship of 50,243 gross tons (GT). It arrived at the port yesterday at 1025hrs. Said Capt M Segar, Group Director (Hub Port), Maritime and Port Authority of Singapore, “Over the past few years, vessel arrivals in terms of shipping tonnage have registered double-digit increase. This new high in terms of timescale for the one billion breakthrough signals that 2008 may very well be another record breaking year for the Singapore port. All these achievements are possible because of the efforts put in by our port and maritime community in ensuring that Singapore port continues to add value and provide quality services to the global shipping community.”
Read More
Saturday, August 16, 2008
Polaris Shipping buys $40.8m VLCC
Seoul: South Korean ship owner, Polaris Shipping has agreed to pay $40.8m for a 1990-built 261,343 dwt single hull tanker Titan Pisces is due to be delivered by current owner Hong Kong’s Titan Petrochemicals in the next four weeks.
The vessel, the sixth VLCC acquired by Polaris Shipping since last year, is likely to be converted into a very large ore carrier for long term charter to Pohang Steel and Steel Company (Posco). Commenting on the sale, Titan Petrochemicals chairman Tsoi Tin Chun said the company is continuing to reduce its exposure in the volatile VLCC market where prospects are poor. “The sale represents a good opportunity to enable the group to realise the value in the Vessel and the cash flow generated will be available for deployment for the benefit of the group,” he added.
Read More
The vessel, the sixth VLCC acquired by Polaris Shipping since last year, is likely to be converted into a very large ore carrier for long term charter to Pohang Steel and Steel Company (Posco). Commenting on the sale, Titan Petrochemicals chairman Tsoi Tin Chun said the company is continuing to reduce its exposure in the volatile VLCC market where prospects are poor. “The sale represents a good opportunity to enable the group to realise the value in the Vessel and the cash flow generated will be available for deployment for the benefit of the group,” he added.
Read More
New container service from CMA CGM and CSCL starts in Hamburg
A new container service connecting Northern Europe with China and Malaysia has been launched recently.
On August 5, the ‘CSCL Long Beach’ arrived the HHLA Container Termina Burcharkai, Germany. On the occasion of the first arrival of the service, the Head of the Hamburg Nautical Centre, Uwe Claassen, together with Niels Harnack, Managing Director CSCL Hamburg and Bengt van Beuningen (Port of Hamburg Marketing) gave the captain of the ‘CSCL Long Beach’, R Nayyar, the Hamburg Admiralty Coat of Arms. This new joint service of the French-Asia-Line 4 (FAL-4) / Asia-Europe-Express- Service 8 (AEX-8) was launched by French shipping company CMA CGM and China Shipping Container Line (CSCL). FAL-4 / AEX-8 are each deploying four ships from the partner shipping companies, each with a capacity of approximately 9,600TEU. From the AEX-1, CSCL is relocating the ‘CSCL Long Beach’, ‘Xin Hong Kong’, ‘Xin Beijing’ and ‘CSCL Le Harve’. Meanwhile CMA CGM is contributing the newbuild ‘CMA CGM Orfeo’, ‘CMA CGM Pelleas’, ‘CMA CGM Butterfly’ and the ‘CMA CGM Ivanhoe’. The port rotation in the Far East is as follows: Shanghai – Xiamen -Yantian (Shenzhen) - Nansha (Guangzhou) - Port Kelang, from where the service will proceed directly to Zeebrugge and Hamburg. It then returns to Shanghai via Rotterdam. The transit time to Hamburg as of Shanghai in a westward direction is 28 days and only 19 days as of Port Kelang. Due to the vicinity of the important industry and trade location of Guangzhou in the South China Pearl River Delta, considerable cargo volumes are expected right from the start of Nansha port. The low number of ports of call makes it possible for the ships to have a fuel-saving cruising speed with a roundtrip time of 56 days.
Read More
On August 5, the ‘CSCL Long Beach’ arrived the HHLA Container Termina Burcharkai, Germany. On the occasion of the first arrival of the service, the Head of the Hamburg Nautical Centre, Uwe Claassen, together with Niels Harnack, Managing Director CSCL Hamburg and Bengt van Beuningen (Port of Hamburg Marketing) gave the captain of the ‘CSCL Long Beach’, R Nayyar, the Hamburg Admiralty Coat of Arms. This new joint service of the French-Asia-Line 4 (FAL-4) / Asia-Europe-Express- Service 8 (AEX-8) was launched by French shipping company CMA CGM and China Shipping Container Line (CSCL). FAL-4 / AEX-8 are each deploying four ships from the partner shipping companies, each with a capacity of approximately 9,600TEU. From the AEX-1, CSCL is relocating the ‘CSCL Long Beach’, ‘Xin Hong Kong’, ‘Xin Beijing’ and ‘CSCL Le Harve’. Meanwhile CMA CGM is contributing the newbuild ‘CMA CGM Orfeo’, ‘CMA CGM Pelleas’, ‘CMA CGM Butterfly’ and the ‘CMA CGM Ivanhoe’. The port rotation in the Far East is as follows: Shanghai – Xiamen -Yantian (Shenzhen) - Nansha (Guangzhou) - Port Kelang, from where the service will proceed directly to Zeebrugge and Hamburg. It then returns to Shanghai via Rotterdam. The transit time to Hamburg as of Shanghai in a westward direction is 28 days and only 19 days as of Port Kelang. Due to the vicinity of the important industry and trade location of Guangzhou in the South China Pearl River Delta, considerable cargo volumes are expected right from the start of Nansha port. The low number of ports of call makes it possible for the ships to have a fuel-saving cruising speed with a roundtrip time of 56 days.
Read More
Hanjin Shipping launches Korea-Japan dedicated feeder service
Hanjin Shipping has announced yesterday that it is launching a dedicated feeder service between Korea and Japan starting from August 24th, 2008.
KJS (Korea-Japan Service) is a dedicated feeder service in which one 400 TEU vessel will rotate between Busan-Tokyo-Osaka-Busan once a week. The main purpose of this service includes promoting sales within Asia and reducing vessel operation time while transshipping the Japanese local cargo to Europe and the U.S. Furthermore, Hanjin Shipping expects that the introduction of this new KJS will minimize the bottleneck situation at Asian ports for the services that call Japan. Also, transshipment at the company’s dedicated terminal in Busan will be another benefit for the company as well as its customers. Especially, instead of having to secure vessel space from feeder lines case by case, Hanjin Shipping will be deploying its own ship that will enable the company to provide its customers with stable supply of vessel space even during the peak seasons. Meanwhile, Hanjin Shipping plans on expanding its feeder network along with the existing services in Persia, Singapore, Bangladesh and North China.
Read More
KJS (Korea-Japan Service) is a dedicated feeder service in which one 400 TEU vessel will rotate between Busan-Tokyo-Osaka-Busan once a week. The main purpose of this service includes promoting sales within Asia and reducing vessel operation time while transshipping the Japanese local cargo to Europe and the U.S. Furthermore, Hanjin Shipping expects that the introduction of this new KJS will minimize the bottleneck situation at Asian ports for the services that call Japan. Also, transshipment at the company’s dedicated terminal in Busan will be another benefit for the company as well as its customers. Especially, instead of having to secure vessel space from feeder lines case by case, Hanjin Shipping will be deploying its own ship that will enable the company to provide its customers with stable supply of vessel space even during the peak seasons. Meanwhile, Hanjin Shipping plans on expanding its feeder network along with the existing services in Persia, Singapore, Bangladesh and North China.
Read More
Great Lakes cargoes continue to be affected by lack of dredging
The Lake Carriers' Association says the US-Flag Great Lakes fleet moved 11.4 million net tons of cargo on the Great Lakes in June, an increase of about 80,000 tons compared to a year ago.
The June float was, however, 220,000 tons below the month’s five-year average. "Higher water levels have helped increase payloads, but the dredging crisis remains real," said the company. "Vessels transiting the St Marys River, for example, were able to load another 10-12 inches deeper than a year ago, but were still losing more than a foot of draft compared to 1997, a period of near record high water levels." "As a result, while top cargos this June were roughly 2,000 tons greater than a year ago, the month’s largest cargos were still 5,000 tons or more below what vessels were able to carrying during the period of high water." For the year, US-Flag carriage stands at 39.1 million tons, a slight decrease from a year ago, but more than 700,000 tons off the five-year average from the first half of the year.
Read More
The June float was, however, 220,000 tons below the month’s five-year average. "Higher water levels have helped increase payloads, but the dredging crisis remains real," said the company. "Vessels transiting the St Marys River, for example, were able to load another 10-12 inches deeper than a year ago, but were still losing more than a foot of draft compared to 1997, a period of near record high water levels." "As a result, while top cargos this June were roughly 2,000 tons greater than a year ago, the month’s largest cargos were still 5,000 tons or more below what vessels were able to carrying during the period of high water." For the year, US-Flag carriage stands at 39.1 million tons, a slight decrease from a year ago, but more than 700,000 tons off the five-year average from the first half of the year.
Read More
US rig count on the rise
The number of rigs actively exploring for oil and gas in the US rose by 23 this week to 1990.
Of the rigs running nationwide, 1586 were exploring for gas and 395 for oil, Houston-based Baker Hughes said. Nine were listed as miscellaneous. A year ago, the rig count stood at 1795. Colorado gained eight rigs, Alaska five, Wyoming four, Louisiana three and North Dakota two. New Mexico lost seven rigs, Arkansas lost two and Texas lost one. California and Oklahoma were unchanged.
Read More
Of the rigs running nationwide, 1586 were exploring for gas and 395 for oil, Houston-based Baker Hughes said. Nine were listed as miscellaneous. A year ago, the rig count stood at 1795. Colorado gained eight rigs, Alaska five, Wyoming four, Louisiana three and North Dakota two. New Mexico lost seven rigs, Arkansas lost two and Texas lost one. California and Oklahoma were unchanged.
Read More
Subscribe to:
Posts (Atom)
