BIMCO Sees Bright Future for Shipping

It further goes to notify the foundation of the shipping companies, along with the employees therein, must be educated and treated fairly and consistent with what’s expected from large companies. Macro economically, BIMCO has said that due to the escalation of world trade and GDP, 2013 appears to become a year which could see a turn in fortunes of the shipping business. Though this may hearten some, the reality remains that ships ordered to cope with a surplus of tonnage that never materialized could affect this situation terribly and could lead to a worldwide downturn, the likes of which some companies will not be able recover from. BIMCO has stated the numbers should be considered as well as these negative aspects and could cause some bleak times for your business, to end this evaluation. Ordinance is a talking point in “Reflections 2013” since BIMCO states that suitable global regulation could only enable the industry. Keeping regulation global would take the leverage out of local bodies and set it in the hands of people that have the whole business in mind as opposed to the good of the region above others. The justification that “hard times demand hard measures” must be… read more »

UK Internal Auditors to be Trained by Solace Global Maritime

Internal Auditors in the UK are going to possess the benefit of being trained by one of the world’s top private marine security companies (PMSCs), Solace Worldwide Maritime. That is really in preparation for the coming ISO PAS 28007 certification, Guidelines for Private Maritime Security Companies. The internal auditors engaging within this training have been individually picked across multiple sections and will have to report in the audits of business features at least once per twelve month period. Solace Global Maritime has always been at the very forefront of the industry and with their current enthusiasm towards obtaining new certification, one can rest assured they’ll remain in the peak of the match. Solace Global Maritime leads the price for marine security services, providing security on a lot of levels in addition to audits to discover faults and improve systems on vessels around the globe. Their clients include some of the largest oil and gas businesses in the world, testament to the usefulness and effectiveness of the services supplied. The internal auditors being trained by Solace Global maritime have at their disposal the best and the best of the PMSC’s experienced staff as mentors – the opportunity that could lead to… read more »

New OOCL Container Ship Launches

OOCL seen the launching of its own latest 8,888 TEU vessel yesterday from Changxing Island shipyard in Shanghai in the 15th of January, 2013. The OOCL Miami is third of eight boats commissioned by the shipper from Hudong Zhonghua. This boat is merely the latest in a long line of boats built by Hudong Zhonghua combining innovation with successful methods in construction. Hudong-Zhonghua has made a name for itself in the past few years with its shipbuilding art and ability to deliver by the due date. It is because of these merits that OCCL had allowed to them of the agreement for the construction of these 8,888 TEU ships. They haven’t disappointed. The OOCL Miami is scheduled to run the Trans-Pacific network’s Super Shuttle Express (SSX) service with an anticipated forty two day port rotation. Hudong Zhonghua is a massive shipbuilding business, the cutting edge of which is the China Shipbuilding Group Corporation (CSGC). Their work is among the best in the sector and does not only consist of container ships. Hudong Zhonghua has also constructed chemical carriers, passenger ships, and bulkcargo transports, to list some. A grand total of over three thousand ships are built via this business. Hudong… read more »

APL Explores New Trade Route

With the establishment of a fresh European president, Singapore-based APL is seeking new trade opportunities within the European market. The subsidiary company of Neptune Orient Lines has lately started studying first opportunities within the European industry to add to its already vast portfolio of solutions provided to European customers. Previously noted for its dependability and fast transit time, APL seeks to bring this proven name to additional European markets within the hopes of stimulating trade in the region and offsetting expenses that plague the region regarding shipping charges. Earlier this year, APL used a General Rate Increase to the organization’s Transatlantic Service as a way to balance the rising costs connected with transatlantic transport. Increasing costs along with decrease in freight rates had forced the transport company to raise the fee on standard dry equipment $ 500USD above its previous level. Utilizing the exact same technique in Europe may not be viable due to the availability of lower priced competitors. Such a transfer could only cripple the business and leave it vulnerable in the region. The choice of exploring new markets for APL to counter its prices, and possibly even make the area lucrative, is a far sounder method. The… read more »

Maersk Prices Improve

Maersk Line states that it will implement a general rate increase from India to Latin America starting on the first of February, 2013. The rise is planned for both 20-foot containers and 40 foot containers. The containers have been slated to increase in cost by $ 400 as the 20-foot containers are set to increase by $ 200 per engagement. Maersk claims this increase is actually a method of coping with rising costs of gas. Maersk has also said that other paths will be facing rate increases later on. Already, the Asia Europe route is under heavy scrutiny, since A.P. Moller-Maersk says that at the present rates, they are not making money and also to reach the route profitable, rake hikes will probably be required and are probably already under consideration. Along with the rate hikes, Maersk has also declared that the effective dates of its congestion costs to the USA have been transferred to a subsequent date in February (with regards to the location), as a way to cope with a possible strike by the International Longshoremen’s Association. It’s come as a result of a recent break in negotiation talks in the NYC- New Jersey area which may lead… read more »