Newsletter – February 13, 2018

  • Newsletter – February 13, 2018

    OCEAN FREIGHT UPDATES 

    THE Alliance Announces Further 2018 Network Enhancements
    source: hapag-lloyd.com
    Following the announcement of the 2018 service network in December the members of THE Alliance, Hapag-Lloyd, Ocean Network Express, and Yang Ming have worked to refine the product offerings.  Several services will see additional enhancements to improve transit times, boost reliability, and deliver more choice to the marketplace.  Read more here.

    McKinsey Slams Liners for Destroying Shareholder Value, Predicts More Consolidation
    source: splash247.com
    The container shipping industry is expected to continue to struggle with overcapacity and an inability to deliver value to shareholders, a new report from consultant McKinsey warns.  The report suggest plenty more conoslidation is in the cards for the sector. Read more here.

    ONE to join three Asia-WCSA loops
    source: americanshipper.com
    The Ocean Network Express (ONE), the newly combined carrier formed from the container divisions of Japanese firms NYK, “K” Line and MOL, will begin taking slots on three existing services between Asia and the west coast of Latin America, according to separate statements from the carrier… read more here.

    Evergreen orders eight 11,000teu containerships
    source: lloydsloadinglist.com

    Evergreen Marine Corp. (EMC) has entered into an agreement today with Samsung Heavy Industries (SHI) to order eight 11,000teu containerships, for delivery from the first quarter of 2020 through to the second quarter of 2021.

    Evergreen said the aim of the newbuilding programme was to meet future market demand and to continue with its ongoing fleet renewal. On delivery of these new ships, Evergreen will redeliver older chartered vessels as their charter periods expire “to help optimize the efficiency of its operating fleet and enhance the competitiveness of its services”.

    Four ships will be owned by EMC’s subsidiary Greencompass Marine SA and a further four by Evergreen Marine (Hong Kong) Ltd. [Excerpted from lloydsloadinglist.com]

    CANADA BUSINESS – GOVERNMENT UPDATES 

    Port of Montreal signs a cooperation agreement with Mundra Port
    source: canadianshipper.com
    Montreal, QC — On a trade mission to India, the Montreal Port Authority (MPA) has signed a Cooperation Agreement with Mundra Port, Gujarat State, north of Mumbai. This agreement aims to develop cooperation in marketing and business development while sharing information on marine operations and industry best practices. Read more here.

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