COSCO Shipping to construct six crude oil tankers
COSCO SHIPPING Energy has signed a contract with Dalian Ship- building Industry Co., Ltd. and China Shipbuilding Trading toconstruct six 307,000 deadweight tonnage (DWT) crude oil tankers. These vessels have increased overall performance, better energy efficiency design indices, and are built to meet future fuel require- ments, according to COSCO, as they are both LNG-ready and methanol-ready.The design of these vessels has also been optimised across
various hull profiles, ensuring an optimal match between the power output and speed of the main en- gines. This optimisation tries to maximise energy savings while re- taining high economic efficiency. They are reportedly the world’s Continue on P-65
CMA CGM announces surcharges from Far East
DUE to ongoing congestion the Port of Beira in Mozambique at which has created challenging operational conditions, CMA CGM has announced the implementation of a Port Congestion Surcharge (PCS) effective from December 22, 2024 The surcharge will apply to shipments originating from the Far East, including China, Hong Kong & Macau SAR, Northeast Asia, and Southeast Asia, and destined for Beira, Mozambique. The surcharge amount will be Continue on P-65
PSA Singapore, Evergreen Marine work
PSA Singapore (PSA) and Ev- ergreen Marine Corporation (EMC) have established a joint venture in Singapore aiming to enhance operational performance.
The partnership aims to offer long-term terminal capacity assur- ance to EMC’s fast-expanding global vessel fleet in PSA Singapore reports London’s Port Technology International.
PSA and EMC will continue to deepen their collaboration to en- hance operational efficiency, drive digital innovation, and advance sustainability efforts.
The joint venture terminal is expected to commence operations
Continue on P-65
OOCL christens newest 16,828 TEU vessel
Orient Overseas Container Line Ltd. (OOCL) has named its first brand new 16,828 TEU container vessel, the ‘OOCL Bauhinia’, at a ceremony at the Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS) shipyard.
This vessel is the first of 10 new16,000 TEU containerships ordered by OOCL, and it is the company’s first Neo Panamax class vessel in the past decade.
With a length of 366.99 metres, a width of 51.0 metres, and a depth of 30.2 metres, this vessel has a design draft of 14.5 metres and a carrying capacity of 16,828 TEUS.
It is reportedly one of the larg- est ships capable of transiting the Continue on P-65
Shanghai Port surpasses 40 million TEU mark
CHINESE ports have handled 276.4 million TEU from January to September of 2024, representing a year-on-year (YoY) increase of 7.6 per cent.
In October, the container throughput of Shanghai Port reached 4.15 million TEU, a YoY
increase of 3.8 per cent. The port has handled an impressive 43.25
million TEU so far this year, ac- cording to London’s Port Technol- ogy International.
The container throughput of Ningbo Zhoushan Port was 3.31 million TEU this October, a YoY increase of 12.9 per cent.In the first ten months of the year, the Port of Shenzhen had the Continue on P-65
Port of Melbourne reports 295,000 TEU in October
THE Port of Melbourne has released its October trade figures, which show a year-on-year rise in container throughput to 295,000 TEU, reports London’s Port Tech- nology International.
Full container import volumes (excluding Bass Strait) increased in October 2024 compared to the previous year, while furniture, home appliances, and paperboard all outperformed last year.
Furthermore, full container ex- port volumes (excluding the Bass Strait) rose from the previous year, with cotton, timber, hay, chaff and fodder, barley, and meats all out- performing last year’s figures.
The port reported that total empty container traffic was up in Continue on P-65
COSCO Shipping to construct six crude oil tankers Continued from P-3
largest professional pulp transport vessels, with an overall length of 225.0 metres, a width of 32.26 metres, and a moulded depth of 21.0 metres. They are intended for a cruis- ing speed of 15 knots and an en- durance of 25,000 nautical miles, encapsulating the spirit of energy-. efficient green shipping. yearThe ships’ cargo holds have a container-type construction and are fitted with rotary dehumidifi- ers to ensure ideal conditions for pulp cargo, assuring both quality and safety throughout transit.
COSCO reported that the ships’ versatility extends even fur- ther, making it ideal for transport- ing high-speed rail trains, wind turbine equipment, new energy vehicles, huge machinery, and ul tra-long and heavy steel pipe pile constructions
To meet the special needs of carrying new energy vehicles, this series has a one-to-one tempera- ture monitoring and early warning system.
In November, COSCO SHIP- PING Chancay Port began trial operations after successfully un- loading new energy vehicles and other transport products from the M.V. COSCO SHIPPING Honor and M.V. COSCO Teng Fei.
Shanghai Port surpasses 40 million TEU mark Continued from P-3
largest margin of increase, having handled 27.7 million TEU. a YoY increase of 14.9 per cent, while the Port of Xiamen was the only port to record a deficit having recorded a YoY decrease of 4.0 per cent. – handling 7.4 million TEU.
Port of Melbourne reports 295,000 TEU in October Continued from P-3
October 2024 compared to the pre- vious year
In August, the Port of Melbourne saw a year-on-year re- duction in container throughput to 252,000 TEU
One month later, the port’s trade numbers showed another rise in container throughput.
Hapag-Lloyd opens new office in Uganda
Hapag-Lloyd has launched a new office in Kampala, Uganda’s capital.
Uganda’s geographical loca- tion offers easy access to five neighbouring East and Central African countries.
With a population of over 50 million, the country has emerged as an appealing market on the Af- rican continent. Uganda’s economy is expanding, with GDP predicted to grow by 5.9 per cent
in 2024.
As a landlocked country with no direct sea access, it relies on neighboring ports to assist inter- national commerce, including Mombasa in Kenya and Dar-es-Salaam in Tanzania.
In 2023, the Port of Mombasa handled nearly 200,000 TEUS of exports, with Uganda accounting for 22 per cent of the tonnage, re- flecting the country’s substantial significance in regional trade flows. The majority of freight between Uganda and the ports is trans-ported by truck.
Aside from exporting its own goods, Uganda’s prominence stems from its function as a business. hub for packaging and con- solidating a varied variety of commodities that travel around the area Key exports passing through Uganda include timber and dry hides from South Sudan, cocoa, minerals, and timber from the Democratic Republic of Congo, as well as coffee from Rwanda.
These movements underscore Uganda’s expanding effect on East African exports, as well as its po- tential for cross-border trade facili- tation.
Lars Sorensen, Senior Manag- ing Director Region Middle East at Hapag-Lloyd, said: “Uganda plays a vital role in the export land- scape of Africa and continues to see economic growth. Opening our office in Kampala is part of our long-term strategy to establish an early presence in emerging markets with high potential.
“With Kampala as our new hub, we can strengthen our posi- tion in the African market, improve service delivery, and better meet the needs of our customers both in Uganda and in neighboring re- gions.”
The new Hapag-Lloyd office in Kampala will be led by Prashant Sindhwani and has five employ- ess In November, Hapag-Lloyd se-cured a deal with Goldwind, a part– ner in clean energy headquartered in Beijing, China, to transport 250,000 tonnes of green methanol annually.
OOCL christens newest 16,828 TEU vessel Continued from P-3
Panama Canal’s new locks, allow- ing for significant flexibility in ves- sel deployment..” Peter Pan, Director and Mem- ber of Executive Committee of OOCL, said: “This ship features advanced eco-friendly and en- ergy-saving technologies, along with a large carrying capacity and high intelligence, achieving com- prehensive advantages at a world-class level.
“With the new ship in opera- tion, OOCL aims to enhance ship- ping efficiency, reduce carbon emissions, so as to contribute to sustainable development
The OOCL Bauhinia will be used on the Trans-Pacific Trade PCC1 route, which connects Asia to the US West Coast.
The port rotation is as follows: Ningbo – Shanghai Pusan Long Beach – Pusan – Ningbo Shanghai throughout a 42-day round journey.
In October, OOCL signed char- ter agreements with Seaspan for six brand new 13,000 TEU con- tainer vessels for a maximum ag- gregate of RMB 11.2 billion ($1.5 billion).
CMA CGM announces surcharges from Far East Continued from P-3
US$270 per TEU for all cargo types, according to Greece’s Container News.
Moreover, the French carrier announced the implementation of a Peak Season Surcharge (PSS) effective from December 7, 2024, until further notice.
This surcharge will apply to reefer cargo originating from the Far East, including China, Hong Kong & Macau SAR, Northeast Asia, and Southeast Asia, and destined for Ecuador. The sur- charge amount will be $1.000 per container.
PSA Singapore, Evergreen Marine work on improving Continued from P-3
Nelson Quek, Regional CEO Southeast Asia, PSA International, said: “PSA is pleased to form this strategic joint venture with EMC, building on our longstanding re- lationship to enhance collabora- tion and meet the rapidly chang- ing needs of the maritime industry.
“By integrating our strengths and capabilities, this mutually ben- eficial partnership will deliver greater value and deepen the syn- ergies between the two organisations over the long term
YI Chang, chairman of EMC. added: “Environmentally friendly ships and efficient terminals are at the core of our operations.
“As the company’s business expands, we are always looking for like-minded partners to build high- efficiency terminals in important locations. With the culmination of everyone’s hard work comes the
launch of Evergreen Marine’s first joint venture terminal with PSA.”