Hamburg Sued to purchase CCNI container line and agencies
Press Release from Hamburg Sued
Compañía Chilena de Navegación Interoceánica S.A. (CCNI) with headquarters in Valparaiso, Chile and Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (HSDG) with headquarters in Hamburg, Germany are pleased to announce that they have signed a preliminary agreement whereby HSDG will acquire the container liner activities of CCNI including the related general agency functions subject to Due Diligence, execution of a Sale & Purchase Agreement and approval by the competent authorities. This acquisition is scheduled to be executed by the latest on December 31, 2014.
HSDG intends to strengthen its liner network to and from South America by integrating the CCNI liner services. Merging the dedicated and experienced workforce of CCNI and HSDG will help to create an even stronger organization that will provide a first class service to the customers of both companies.
Following the transaction CCNI will continue its non-liner shipping activities including the car carrier and ship-owning business.
Valparaiso / Hamburg, July 25, 2014
CCNI: Alejandra Graf
Labels: ccni, Hamburg Süd, Hamburg-Sued
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
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.
Labels: CGM CMA, China, Maersk, MSC, P3 Network
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
for link to read complete article
Labels: ILA, Illegal Christmas Tributes, mob
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
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.
for link to complete article
Labels: airlines price fixing, China Air
Aliança christens the “Pedro Álvares Cabral"
Hamburg Süd subsidiary Aliança christens the “Pedro Álvares Cabral”
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.
“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.
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
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 .
Labels: Alianca, Hamburg Süd
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.
for link to article
Labels: China-Japan dispute 1936., Mitsui OSK
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.
for link to article
Labels: Chapter 11 bankruptcy, Genco