Maritime News Update Week 19/2018

Seaspan Takes Delivery of Second CMA CGM Saver

Hong Kong-based containership manager and owner Seaspan Corporation has added another 10,000 TEU SAVER design containership to its fleet.

The newly built CMA CGM Cochin will commence a fixed rate time charter with French shipping major CMA CGM for a three year term with an option to extend for an additional three years.

Featuring a length of 336 meters and a beam of 48.2 meters, the boxship is the second in a series of four SAVER vessels under time charter to CMA CGM that are scheduled to deliver in the first half of 2018.

The unit was constructed at Jiangsu Yangzi Xinfu Shipbuilding and Jiangsu New Yangzi Shipbuilding.

Earlier this week, Seaspan Corporation took delivery of the first vessel from the batch, the 10,000 TEU CMA CGM Mundra.

Yang Ming Forms Overseas JV with Compatriots

Taiwanese shipping company Yang Ming has signed a Memorandum of Understanding (MoU) with compatriot shipping and port industry companies to establish an overseas joint venture company.

The consortium includes Taiwan International Ports Corporation, Tungya Transportation & Terminal, Taiwan Navigation, T.S. Lines and Chunghwa Post, Yang Ming said in a regulatory filing. Further details on the business were not disclosed.

The announcement comes as Yang Ming launches its fleet renewal plan which will see 20 ships added to the company’s fleet, replacing the vessels which are about to be off-hired or retired in the next 2 to 3 years.

The first ten 11,000 TEU boxships from the batch have already been ordered by Costamare and Shoei Kisen at Jiangsu New Yangzijiang Shipbuilding and Shoei’s sister company Imabari Shipbuilding, respectively, Clarksons Platou Shipbroking said.

These ships will be chartered by Yang Ming once they start their deliveries in 2020. Furthermore, Yang Ming plans to order the construction of ten 2,800 TEU containerships.

Jansen Gets Five More Years at Hapag-Lloyd’s Helm

The supervisory board of German shipping major Hapag-Lloyd AG has extended the contract of Chief Executive Officer Rolf Habben Jansen for five more years until March 31, 2024.

“With Rolf Habben Jansen at the head, Hapag-Lloyd has further improved its position as a leading global liner shipping company in a challenging market environment and as an active driver of industry consolidation.

“The extension of his contract ensures continuity in the corporate management. We have thereby created the best conditions for the continuation of the successful course of Hapag-Lloyd,” said Michael Behrendt, chairman of the supervisory board of Hapag-Lloyd AG.

Additional members of the executive board of Hapag-Lloyd AG are Chief Financial Officer Nicolás Burr (CFO), Chief Operations Officer Anthony J. Firmin (COO) and Joachim Schlotfeldt (CPO), who is responsible for human resources and global procurement.

The German liner ended 2017 with more than tripled operating result (EBIT), reaching EUR 411 million (USD 502 million) against EUR 126 million reported a year earlier.

The group net result stood at EUR 32.1 million for 2017, a major rebound from a net loss of EUR 93.1 million from 2016.

APL Further Cuts Fleet CO2 Emissions in 2017

Singapore-based shipping company APL managed to cut its carbon dioxide emissions per transported container per kilometer by 50.7% in 2017, compared to its base level in 2009.

The company said that the achievement marks APL’s eighth consecutive year of improved environmental performance.

“We are proud to raise the bar in reducing the carbon footprint of our fleet operations once again. APL’s concerted efforts to improve our environmental efficiency year after year underscore our commitment to a greener and more sustainable maritime industry,” Dennis Yee, APL Global Head for Safety Security and Environment, said.

While APL saw almost a 3% improvement from the 48% reduction in carbon dioxide emissions per transported container per kilometer in 2016, APL-operated vessels also recorded fuel savings of almost 5% in 2017, compared to a year ago.

The achievements are attributable to APL’s holistic approach in driving operational efficiencies, fleet and voyage optimisation, as well as the deployment of a fuel-efficient fleet of vessels.

Navigating forward, the ocean carrier said it has resolved to reduce carbon dioxide emissions per TEU transported by 30% between 2015 and 2025, a target set by its parent group, the French shipping major CMA CGM.

 

K Line, NYK Line and Partners Set Up LNG Bunkering Business

Japanese shipping companies K Line and NYK Line have teamed up with Chubu Electric Power and Toyota Tsusho on establishing LNG bunkering business in Japan.

To that end, the quartet has launched two joint ventures on May 10, Central LNG Marine Fuel Japan Corporation and Central LNG Shipping Japan Corporation, which will run the business.

The talks on potential cooperation were launched in January this year as the four companies wanted to tap into the growing interest in LNG as environmentally friendly fuel.

This is in particular important taking into account the role of LNG as an alternative to heavy fuel in the anticipation of the entry into force of more stringent environmental regulations on a global scale.

Compared to heavy fuel oil, the use of LNG can reduce emissions of sulfur oxides (SOx) and particulate matter (PM) by approximately 100 pct, nitrogen oxides (NOx) by as much as 80 pct, and carbon dioxide (CO2) by approximately 30 pct, a joint release said.

Source: World Maritime News