Corporate News

Oslo-based Xeneta, the ocean freight rate benchmarking and market analytics platform, has revealed a jump in long-term contracted rates for containership operators during May, as 2018 rates expire and new contracts push the index upwards. Global rates Global rates leaped by 11.5% across the month, with US rates for imports climbing by close to 20%" According to the latest XSI® Public Indices report, based on crowd-sourced data covering over 160,000 port-to-port pairings, with 110 million...

In recent years, Blue Water’s Aarhus office has seen a heavy increase in freight to Greenland - especially the Blue Air Pack product has become very popular. Naturally, this places demands on our competences and knowledge of the Greenland market in general. “We have an extremely competent Greenland team in Aarhus. Everyone possesses wide experience within this field, and one of the team members has extensive knowledge of the country from his previous employment with Blue Water Green...

HMM (CEO Jae-hoon Bae) announced the launch of its new Corporate Identity (CI) to reflect its vision and ambition to take a leap forward to a bright future. The new CI features the pride of Korea’s national flagship carrier as well as an intuitive grasp of the shipping business. The blue HMM letter embodies the shape of the front of a large ship crossing the ocean, and the red line on top represents the rising sun on the horizon where the ship is sailing. Making fresh resolution ...

HMM (CEO Jae-hoon Bae) announces it's joining of the Digital Container Shipping Association (DCSA) with CMA CGM, Evergreen, Yang Ming and ZIM as members.    CMA CGM was confirmed to be a founding member of DCSA and hence, will become a part of the Supervisory Board, in addition to A.P. Moller – Maersk, Hapag-Lloyd, MSC and ONE. Pending regulatory approval The other four ocean carriers, HMM, Evergreen, Yang Ming and ZIM, are pending regulatory approval.   With nine of...

In order to anticipate violations or dangerous incidents in the shipping and logistics industry in the country, especially those related to the contents of cargo/containers. The Directorate of Marine and Coastal Guard Units (Dit. KPLP) - the Indonesian Ministry of Transportation in collaboration with the Australia Maritime Safety Authority (AMSAT International - Australia) held the International Maritime Dangerous Goods (IMDG) Code training, from March 25 to March 29, 2019 in Surabaya. Represe...

John-Kaare Aune has been appointed the new Managing Director, Ship Management for the Wallem Group.  He is expected to take up his position with effect from 1 July 2019. John-Kaare Aune John joins Wallem from the Cayman Registry.  Most recently he was Regional Director, Safety and Compliance, overseeing the global commercial services and business development in addition to the Registration section in the Asia-Pacific region. Previously John had also been a Principal Surveyor wit...

RCL is pleased to advise that it will take over vessel operation from ONE on its RTY service. RTY currently operates between Thai Sugar Terminal (TST) / Singapore / Yangon (MIP) / Yangon (MITT) / Port Klang (North) / Singapore / TST on a 21 day, 3 vessel rotation. RCL already operates 2 of those vessels. Maiden voyage The maiden voyage will commence with the Yantra Bhum 1024W/E ETA TST 11 May 2019 With RCL replacing ONE's own vessel, RCL will operate all 3 vessels on the service using 3 x 1...

Jae-hoon Bae, President & CEO of HMM, starts to accelerate the pace of overseas on-site management following his visit to the sites in Korea. Mr. Bae departed for London, UK on April 22 to strengthen business relationships with not only major customers in Europe but global top-rated carriers, and return to Korea on April 26. Mr. Bae plans to visit the European headquarter of HMM, located in London, to encourage its employees and make sales strategies based on the character of each region a...

The container feeder vessel ”Wes Amelie”, owned by Wessels Reederi and operated by Unifeeder, was the first of its kind to run on the eco-friendly fuel Liquefied Natural Gas (LNG), and on April 21st 2019, it received LNG through the first ship-to-ship bunker operation for a container feeder vessel in the Baltic Sea. Maritime energy transition When “Wes Amelie” was successfully retrofitted with a LNG engine in 2017, it paved the way for the current maritime energy transi...

To further improve its Intra-Asia services, CULines, together with WHL and IAL, is launching a new China-Vietnam-Kampuchea service (CVK) at the end of April this year. China-Vietnam-Kampuchea service CVK is expected to further expand CULines’ direct service network linking East China with Southeast Asia The CVK is expected to further expand CULines’ direct service network linking East China with Southeast Asia. After its launch, in addition to the direct sailing from Shanghai/Nin...

PIL is honoured to be present at MPA’s Maritime Innovation Lab launch on 9 April 2019, at PSA Vista. The launch of the innovation lab was held in conjunction with Singapore Maritime Week and the event was graced by Guest of Honour Dr. Lam Pin Min. Many industry players, startups, and maritime personnel were gathered to share knowledge and explore future collaborations within maritime. e-BL blockchain project PIL formed part of the exhibition team and together with IBM showcased their el...

COSCO SHIPPING LINES signed LSFO supply agreement with Double Rich Limited on 28th of March, 2019. According to the agreement, Double Rich limited will provide fuel oil with sulfur content not exceeding 0.5% m/m conforming to the regulation of International Maritime Organisation (IMO) for COSCO SHIPPING LINES in order to assist the fleets of COSCO SHIPPING LINES to better fulfill the amendment of ANNEX VI in International Convention for the Prevention of Pollution from Ships (MARPOL), which has...

On March 27, 2019, HMM has appointed Mr. Jae-hoon Bae as President & CEO of HMM. Mr. Bae’s appointment was approved by the Board of Directors, followed by the 43rd regular shareholders meeting of the company, which was held at HMM headquarters, Seoul. On March 7, the CEO recommendation committee led by Korea Development Bank selected Mr. Bae as the final candidate for the next HMM CEO following a comprehensive candidate examination. Before his formal appointment, Mr. Bae cam...

In the current situation, where normal air freight is closing down or getting minimised, air charter options have become more and more relevant and useful. On road transport, BWS experience some delays and other difficulties, as border crossings are closing down or imposing travel restriction. This includes the risk of truck drivers ending in quarantine if they have to deliver goods in restricted areas. Cargo control At the moment it is still possible for planes to use most airports as long a...

RCL, with its partner ONE, is pleased to announce the revamp of both its existing Thailand to Indonesia services i.e. RIT1 and RTI2 via Port Klang and Singapore. The current and new changes are: RTI 1 and RTI 2 service The maiden voyage will commence ex Laem Chabang on the 4 April' 19 on the RTI 1 & 6 April' 19 for the RTI2 RCL will continue branding the service as “RTI 1” and “RTI 2” on both strings. RCL will deploy the 2,800 TEU nominal capacity - Racha Bhum o...

RCL is pleased to advise that it will take over vessel operation on the RBH service from its current partner ONE from 3 April 2019. Replacement in vessel RCL will replace ONE's existing vessel with the M.V. Danu Bhum; followed by the ALS Satsuki Currently, RBH includes calls at Thai Sugar Terminal (TST) – Laem Chabang – Haiphong – Hong Kong – Shekou – Thai Sugar Terminal with 2 X 1,000 TEU nominal-sized vessels. Both RCL and ONE contribute one vessel each to th...

RCL is pleased to join its partners ONE, Xpress Feeders, and COSCO in merging the TCX and TSC services which are currently plying between Thailand and East India into one mega service with 4 x 5,500 TEU vessels calling Thailand and East India. The new and current proformas are: Maiden voyage RCL will continue branding the service as RMB while contributing the M.V. Felixstowe Bridge as its vessel contribution to the service. The maiden voyage on the westbound for the new RMB will commence wit...

RCL is pleased to announce that it will take over CNC's existing vessel operation on the RBC1 come end March 2019. RBC currently rotation RBC currently rotation includes calls at Ningbo – Shanghai – Laem Chabang – Bangkok (PAT) – Laem Chabang in a 3 vessel, 21-day rotation. RCL already employs two of those vessels on the service i.e. M.V. Jitra Bhum and Itha Bhum on the service. RCL will phase in the M.V. Kama Bhum to replace CNC's vessel at Ningbo from 28 March 19, ma...

RCL, with its partners CNC and HMM is pleased to announce the merger of RCL’s current RBC5 with the CSE service from CNC and HMM into a 6 x 1,700 TEU sized vessels covering: Ningbo (Sun) Shanghai (Tue) Ho Chi Minh (Mon) Manila North (Saturday) Shanghai (Thu) Shanghai (Fri) Ningbo (Sat) Laem Chabang (Sun) Bangkok (Pat) Bangkok (Thai Sugar) Laem Chabang (Thu) Manila North (Tue) Multi-country coverage RCL will benefit from a second sailing between Shanghai and Ningbo to Ho C...

RCL is pleased to announce the launch of its new Port Klang (West Port) – Port Klang (North Port) – Calcutta – Port Klang. Branded as ‘RCH8’, the service will deploy two vessels i.e. the Ora Bhum (628 TEU) and the Chana Bhum (750 TEU) in an 18-day rotation on this service. Feeder type ports RCL is already involved in the Indian main port trades through our cooperation with partners" The maiden voyage will commence with the Ora Bhum 411N on the 16 March 2019 from...

Goltens’ Worldwide Green Technologies Division Asia has announced contracts with NYK Bulk & Projects Carrier Ltd. (NBP) and BW LPG for support in retrofitting a total of 37 vessels with ballast water treatment systems (BWT). The NBP order is for 25 of their bulk carriers. NBP is one of the world’s pioneering ocean carriers of project cargo, heavy lift cargo, steel products, and bulk cargo. The company is a subsidiary of NYK, Japan’s largest shipping company. The scope of t...

HMM announced on January 31 that it will develop the cloud-based next-generation IT system under the tentative name “New-GAUS 2020” in 2020. “New-GAUS 2020” is the shipping and logistics system to be independently developed by HMM and is a project that increases efficiency and convenience by rebuilding the existing "GAUS" (Global Advanced &Unified System) as a cloud-based IT system. To this end, HMM will sign the main contract with Oracle and start developing it in e...

On January 30, 2019, HMM announced that it held a signing ceremony for the ‘PSA-Hyundai Pusan New Port (PHPNT) Pier 4’ sales contract. Over 100 participants joined the signing ceremony hosted at the PHPNT office in Pusan, including Young-Choon Kim (Minister of Oceans & Fisheries of Korea), Kichan Nam (President Busan Port Authority), C. K. Yoo (HMM President & CEO), and Roger Tan Keh Chai (PSA Regional CEO Northeast Asia). Sales contract details HMM becomes co-owner of PSA...

HMM held a naming ceremony for a 300,000 dwt Very Large Crude Oil Carrier (VLCC), the ‘Universal Leader’, at the Daewoo Shipbuilding & Marine Engineering (DSME)’s Okpo shipyard in Geoje, Korea. About 100 distinguished guests attended the ceremony including C.K. Yoo (President & CEO of HMM), Ho Seon Hwang (President of Korea Ocean Business Corporation: KOBC), and Sung Leep Jung (President & CEO of DSME). Delivery of VLCCs All vessels are equipped with a scrubber s...

On 20 January 2019 PT Salam Pacific Indonesia Lines officially opened a new route Jakarta- Padang- Bengkulu to make it easier and more satisfying for customers in the once-a-week departure period. In the future, other new routes will be launched in order to achieve the vision of the shipping company which has been established since 1970.

In view of the growth potential in Latin American trade, Evergreen Marine Corp. (Evergreen Line) is continuing to establish its own offices at main service locations in the region. The move will strengthen the effectiveness of the line’s operations, improve its capability to react to market opportunities, optimise the efficiency of its network routing and enhance its competitiveness in the area. Trade expansion in Latin America Evergreen confirms its continued commitment to serving the t...

The launching ceremony of the New International Land-Sea Trade Corridor (ILSTC) and COSCO SHIPPING “Hainan-ASEAN (Singapore)” Liner Route, co-hosted by Hainan Provincial People’s Government and COSCO SHIPPING, was held at Hainan Yangpu Xiaochantan Terminal owned by Hainan Harbor & Shipping Holding Co., Ltd. Attendees at ceremony Chairman of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) Xiao Yaqing, Governor and Vice Governor...

PIL informed that Pacific Selatan Agency Sdn Bhd Kuching Branch has relocated to a new office and has begun operations at the new premises with effect from 3 December 2018. Kindly refer to the below for the new address and contact numbers: Address CITY SQUARE1st Floor, Sublot No. 71 & 72 (Survey Lot No. 11195 & 11196)Kwong Lee Bank Road, Kuching 93450 KUCHING Contact numbers 082-266178 082-266179 082-266180 082-266181 (FAX) Please continue to extend support to Pacific Selatan...

Xeneta is utilising its database of over 85 million contracted freight rates to deliver a unique monthly snapshot of long-term rate developments in the container industry. The new Xeneta Shipping Index (XSI™) Public Indices report, provides a detailed overview of the busiest global trade corridors, allowing users to gauge regional developments and track trends for key markets. In June this year Oslo-headquartered Xeneta, the ocean freight rate benchmarking and market intelligence platform...

PT Salam Pacific Indonesia Lines (SPIL), a national shipping company and Toll Group, an international logistics company, have entered into a new partnership to provide broader supply chain services including Contract logistics, International freight forwarding and Domestic distribution. With 130 years of experience in logistics and supply chain, Toll has significant capabilities in Contract logistics and International freight forwarding along with expertise in mining, energy and remote logistic...