Friday, July 25, 2014

Hamburg Sued to purchase CCNI container line and agencies

Press Release from Hamburg Sued

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Tuesday, June 17, 2014

China vetoes P3 Network

Wow.  This is really interesting.  Am sure Maersk, MSC and CMA-CGM thought this would be no big deal.
China decided it was.


China vetoes shipping alliance

(Xinhua)    07:54, June 18, 2014
BEIJING, June 17  -- An application by three leading global shipping firms to build an operational alliance has been rejected by China due to monopoly concerns, the Ministry of Commerce said on Tuesday.
Major container shipping lines, Maersk Line, Mediterranean Shipping Company and CMA-CGM, in October 2013 agreed to establish an operational alliance named P3 Network to provide customers with more frequent and flexible services. The network would involve three trade lanes: Asia-Europe, Trans-Pacific and Trans-Atlantic.
The network was expected to start operation in the second quarter of 2014, but will be subject to approvals by various authorities, including the European Union, United States and China.
The ministry supports companies to sharpen their competitive edge, but when firms try to improve market share through a "concentration of undertakings", it should be carefully studied, said a statement on the ministry's website.
The three operators handed in the application to the ministry on September 18, 2013 for a "concentration of undertakings" anti-monopoly probe.

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Monday, May 26, 2014

Christmas Tributes in the ILA - IT'S TRUE!

Not sure what's going on behind the scenes, but finally the Waterfront Commission is keeping up the pressure, and people are folding.   No wonder the ILA has been so intent on keeping the Container Royalty Fund intact.

From The NY/NJ Waterfront Commission

Longshoremen Plead Guilty To Extortion Conspiracy Involving Christmastime Tribute Payments
May 21, 2014
           NEWARK, N.J. - Three former longshoremen admitted today that they conspired to extort others in Local 1235 of the International Longshoremen’s Association (ILA) for Christmastime tribute payments, New Jersey U.S. Attorney Paul J. Fishman and Eastern District of New York U.S. Attorney Loretta E. Lynch announced.
           Salvatore LaGrasso, 58, of Edison, N.J.; Michael Nicolosi, 45, of Staten Island, N.Y.; and Julio Porrao, 71, of Palm Coast, Fla. – all former supervisors on the New Jersey piers – pleaded guilty today to conspiring to extort Christmastime tributes from the union members – count three of the second superseding indictment against them. LaGrasso, Nicolosi and Porrao entered their guilty pleas before U.S. District Judge Claire C. Cecchi in Newark federal court.
           According to documents filed in this case and statements made in court:
            During their guilty plea proceedings, LaGrasso, Nicolosi and Porrao admitted that they conspired with each other and others to compel tribute payments from ILA union members, who made the payments based on actual and threatened force, violence and fear. The timing of the extortions typically coincided with the receipt by certain ILA members of “Container Royalty Fund” checks, a form of year-end compensation. LaGrasso and Nicolosi were suspended from their positions following their arrests in this case. Porrao had already retired from his employment on the New Jersey piers at the time of his arrest.

click here for link to read complete article

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Thursday, May 8, 2014

China Air and price fixing

China Air is the last of many airlines which have agreed to pay fines for fixing prices with other carriers for transport of air cargo.

The case is being handled in Brooklyn, New York.

From Bloomberg News

Previous accords involved airlines including Lufthansa Cargo AG, Societe Air France, Qantas Airways Ltd. and British Airways Plc, according to settlement filings. Of the previous settlements, 18 have received final approval from a judge, according to court documents. Three have received preliminary approval, the complainants said.
Shipping customers sued the airlines in 2006 alleging that they were fixing prices through surcharges related to fuel costs and security following the Sept. 11, 2001, terrorist attacks in the U.S.
In addition to paying $90 million, China Airlines will provide $200,000 for settlement notice and administration costs and will cooperate in the case against the remaining companies, the complainants said.

click here for link to complete article

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Friday, April 25, 2014

Aliança christens the “Pedro Álvares Cabral"



Hamburg Süd subsidiary Aliança christens the “Pedro Álvares Cabral”
Hamburg/Itapoá, 25.04.2014
Yesterday, Hamburg Süd subsidiary Aliança christened its container ship “Pedro Álvares Cabral” during a ceremony held for customers at the port of Itapoá. The ship’s Sponsor is Elisabeth von Krüger de Freitas, the wife of Humberto Ramos de Freitas, Executive Officer for Logistics and Mineral Exploration of Vale S.A., one of the most important clients of Aliança Bulk. Dr. Arnt Vespermann, Member of the Executive Board of Hamburg Süd and Julian Thomas, General Manager Region South America East Coast of Hamburg Süd and Aliança, also participated in the ceremonies.
The “Pedro Álvares Cabral” is one of four identical 3,800 TEU ships by which Aliança is modernising and expanding its cabotage fleet. Her three sister ships were christened during the course of last year at Pecém, Manaus and Santos. The ships not only set new standards as regards capacity in cabotage services, but also in terms of the environment. All ships carry the names of important South American explorers. The “Pedro Álvares Cabral” was named after the famous Portuguese mariner who discovered Brazil on 22 April 1500.
The christening of the “Pedro Álvares Cabral” in Itapoá (in the Federal state of Santa Catarina) allows the shipping carrier to underline how strongly the post is anchored as a “hub” in the international liner service and the cabotage and Mercosur services. With its terminal in the only deep-water port in southern Brazil, Aliança – together with the Battistella group and LogZ Logistica Brasil have successfully completed an important infrastructure project. Porto Itapoá started operations in mid-2011, has a current handling capacity of 500,000 TEU each year, and employs around 650 staff.
Technical data for the “Pedro Álvares Cabral”:
Capacity:                                           52,065 dwt
Container capacity:                         3,800 TEU
Reefer slots:                                     500
Length overall:                                 228.0 m
Length between perpendiculars:  217.5 m
Width:                                                 37,3 m
Max. draught:                                    12.5 m
Speed:                                                19.5 kn
Main engine output:                         22,890 kW
For further information please contact:
Hamburg Süd | Corporate Communications
Eva Graumann
Willy-Brandt-Straße 59-61
D-20457 Hamburg
Phone: +49 40 3705-2627
Fax +49 40 3705-2649
For purposes of free editorial reporting you will find a picture under Press & Media > Photo Gallery > Naming Events .

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Monday, April 21, 2014

Mitsui OSK Vessel Seized in China in dispute from 1936

The dispute between China and Japan hasn't hit the major headlines.   I guess China has become impatient and decided to "up the ante" a bit.

They seized a Japanese owned ship, the Boasteel Emotion.

From Bloomberg News

The Baosteel Emotion, built in 2011, is a 320-meter long ore carrier and is now docked at Majishan, according to data compiled by Bloomberg. The company’s shares fell as much as 2.2 percent today in Tokyo trading, while the broader Topix index declined 0.2 percent.
The legal dispute over the ship comes as Japan and China spar over islands both countries claim in the East China Sea, and over Japan’s wartime aggression. Prime Minister Shinzo Abe sent an offering to the Yasukuni Shrine in Tokyo, following the visits this month of two cabinet ministers to the site that honors Japan’s war dead, including World War II criminals.
The Shanghai Maritime Court ruled in December 2007 that the Mitsui Group should pay 2.9 billion yen ($28.3 million) in compensation, according to the court statement. The case was first filed with the court in 1988.

click here for link to article

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Genco Shipping Files for Bankruptcy

Bloomberg News reports Genco Shipping has filed Chapter 11 Bankruptcy, which is reorganization, not liquidation.

The dry-bulk shipping market is recovering from the biggest glut in history, according to Clarkson Plc, the world’s largest shipbroker. The fleet has swelled 84 percent since 2008 while trade advanced 31 percent, according to Clarkson’s data. 

The "professionals" are saying the problem is due to the glut of ships.  While this is true, the reason for the glut of ships is because after the 2008 crash everyone thought "oh wow, ships are really cheap...let's order a bunch and soon the market will turn around".  But these people don't really know shipping, and there will be more shipping companies filing bankruptcy soon.  Especially as China had been one of the big drivers for bulk cargoes, and they are facing an economic downturn.

click here for link to article

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