Siemens puts a specialized mobile workshop in a box
JULY 22, 2016 — To facilitate maintenance work on its Siship eSipod drive when ships are in dry dock, Siemens AG has developed what it calls “a unique logistics concept based on
container
VGM: FMC Chairman says just use weight determined at gate
JUNE 17, 2016 — With the implementation date for new container weighing requirements 14-days away, Chairman of the Federal Maritime Commission Mario Cordero says the time has come for ocean carriers to
Matson reports first quarter results
MAY 4, 2016 — Matson, Inc. reported net income of $18.1 million, or $0.41 per diluted share for the quarter ended March 31, 2016, compared with $25.0 million, or $0.57 per diluted
INTTRA teams up with supply chain software leader
JANUARY 8, 2016 — Ocean shipping electronic marketplace INTTRA has teamed up with JDA Software Group Inc., a leader in supply chain and retail solutions for more than 4,000 customers worldwide. Under
Crowley buys more boxes
JANUARY 4, 2016 — Crowley Maritime Corp.’s liner services group is ringing in the new year with a $25.5 million investment in new cargo carrying equipment. The units, all built to Crowley’s
ABS teams with SDARI on next generation feeder vessel
ABS Senior Vice President and Chief Technology Officer Howard Fireman and SDARI President Jintao Hu signed the agreement yesterday in Shanghai, China. Dr. Christina Wang, Vice President of ABS Operational and Environmental Performance (OEP), Dr. Franck Violette, Director of ABS OEP China, and Gangyi Wang, Vice President of SDARI also attended the signing ceremony.
“Changing environmental regulations, unpredictable energy prices and volatile freight rates have made it imperative for ship designers to continuously improve the operational and environmental performance of their next generation designs,” Mr. Fireman said. “ABS is working with industry as designs change and new concepts are introduced.”
The objective of this project is to develop the next-generation feeder design with a focus on operational efficiency and flexibility.
The project will bring together innovative design and technology solutions with a novel concept that incorporates technology-readiness features to enable cost-effective implementation of present and future regulations by applying extensive life-cycle cost analyses. This innovative feeder container carrier design will meet future market and trade needs that are being driven by the increase in ultra-large container carriers and the growth of specific regional markets.
“SDARI has always promoted ship innovation and technology development. At this crucial moment when China is transforming from shipbuilding nation to a shipbuilding power, the collaboration that we have strengthened with ABS in container carriers positions us to generate new concepts based on market demand and to launch cutting-edge products,” says Jintao Hu, “I believe the development of this new generation of feeder container carriers will further strengthen the partnership between SDARI and ABS, promoting the transformation and upgrading of Chinese shipbuilding industry.”
Falling freight rates hit Maersk Group profits
The Maersk Group delivered a profit of $778 million (compared with $1.5 billion in the third quarter of last year) negatively impacted by the lower oil price and lower average container freight rates, down 51% and 19% respectively compared to the same period last year. The return on invested capital (ROIC) was 7.6% (12.7%).
The underlying profit was $662 million ($1.3 billion) with lower profits in Maersk Line, Maersk Oil and APM Terminals and improved result for Maersk Drilling, while APM Shipping Services was on par with Q3 last year.
Group CEO Nils S. Andersen said the decline of nearly 50 percent in underlying profit compared to last year was primarily due to container freight rates deteriorating to a historically low level, especially in the later part of Q3, and profits in Maersk Oil being impacted by the lower oil price.
“The expected underlying result of around $3.4 billion for 2015 reflects good performance in very challenging oil and container shipping markets, where the continuous actions taken in all our business units to reduce the cost base will enable us to maintain our ability to pursue the opportunities arising in our industries,” says Mr. Andersen.
MacGregor develops better way to stow loose lashings
AUGUST 18, 2015 — Cargotec’s MacGregor subsidiary has developed a 40 ft flat rack loose lashings storage system that is designed to make better use of available deck space. “An overall trend
New container feeder design from Deltamarin
AUGUST 14, 2015—Finnish naval architectural and marine engineering firm Deltamarin Ltd. has unveiled the A.Delta2300, the first in a series of container feeder vessel designs that offer “best-in-class” cargo capacity, flexibility and
New Suez Canal inaugurated in elaborate ceremony
AUGUST 6, 2015—In an elaborate ceremony featuring a naval flotilla and fighter jets, as well as a host of foreign dignitaries, Egyptian President Abdel Fattah Al-Sisi today inaugurated the New Suez Canal.