Monthly Archives: September 2013

Hyundai Heavy Industries Gets Huge Buy

The Aasta Hansteen spar hull is also being constructed with a South Korean business, and this can come as a bonus for South Korean large support businesses. Statoil has provided a deadline date to HHI of sometime in 2016 for the installation of the Topside Facility, which will be able to generate 23 million cubic meters. Construction may begin this month, yet the representative from Statoil is uncertain as to just when. Hyundai Heavy Industries will profit greatly from this partnership with Statoil, which is likely that, after the level of construction depends on HHI’s routine regular, the partnership will carry on. HHI is generally a name connected with ship building, however, their industrial building has seen action in the oil and gas fields for quite some time. The durability and reliability of the development makes them desirable for the construction of offshore storage and drilling platforms in addition to Topside Facilities, including the one ordered for the Aasta Hansteen gas field. Both of these companies understand that HHI is a company they’re able to trust. HHI will be seeing huge orders in the Oil and Gas sector along with the transport sector in coming months. Shipping companies have started… read more »

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 »

China to Supply Five 14,000 Ton Container Ships

Seaspan, a leader in world shipping, declared they will be contracting Chinese Shipbuilder Yang Ming Marine Transport Company for the fabrication of five (5) fuel efficient container ships. The ships are of the 14, 000 TEU range and are to be delivered in 2015 and built in South Korea. These ships can utilize Seaspan’s Action on Vessel Energy Reduction (SAVER) schematics for its construction. Seaspan’s current design enhancements will undoubtedly be evident within the design since the SAVER design is created as a way of fuel-efficient container ship operation. The power gains of the SAVER layout will likely save businesses millions of dollars in gas and enhance the emissions as a consequence of SAVER type boats using new Clean Ballast technology. The evolution of this hull was unique because it challenged the usual design methodology and employed a combination of mathematical computations with accurate modeling information to form a hull with a comparatively acceptable top rate and also a low operational speed range. The contract given to Yang Ming Marine Transport for building of the ships takes advantage of a 10-year, fixed rate time charters that have an alternative for a 2-year extension to the contract. Seaspan will fund this… read more »

Cargo Insurance Guidelines

As an owner/operator or fleet motor carrier, there are lots of things to consider when making a choice about insuring your load. Key determining factors are the style of transportation, the linehaul (the pick – up and delivery points), the kinds of merchandise you are going to be transporting and the value of the cargo. Consider these objectives: Standard Liability Protection – Your load will likely be dealt with under FMCSA regular legal obligation which you need to have as an operating authority even if you really do not choose to get load coverage. Freight conventional insurance is $750,000 to $5,000,000 with respect to the commodities transported and $300,000 for non-hazardous freight moved in vehicles under a 10,001 pounds weight. Cargo normal insurance is $5,000 per car, $10,0000 per incident. National loads: $0.50 per lb per $100 minimum if the load value exceeds $100. Global freight: $20 per kg of actual load value if under $20 per kg. Worldwide sea freight: $500 per load unit. In the event of partial loss/damage of the strain, a claim might be made simply for the damage/loss piece, subject to the settlement level of $0.50 per lb. CIF value (cost, insurance and freight). This… read more »

ASMA On the Hunt for Canister Perpetrators

Australia’s Maritime Safety Authority (ASMA) recently started inquiries into some canisters washed-up on the beach in Queensland. It really is alleged that the canisters contained aluminum phosphide, a fatal poison. The ASMA is presently trying to determine if the canisters are from a deliberate effort at pollution or when they were the effect of a freight breach. Since aluminum phosphide might be lethal to both individual along with animal life the charges associated with either would be severe. When it is possible that the canisters might be from groundings or hull breaches in the wider Pacific region using a sophisticated system of drift modeling the ASMA has collaborated with researchers to determine. The ASMA has also checked current reports of cargo losses, but there have been no reports of a boat losing this type of cargo. Aluminum phosphide is an inorganic compound which has a fumigant or industrial uses for a semiconductor. It is the latter of these that make it lethal. It’s been used in rodenticides, pesticides, together with a fumigant, which have led to deaths previously. Its use as a toxin towards small mammalian animals makes it a risk towards individuals in larger doses. It is crucial that… read more »

In the Highways to the Railways: Intermodal Freight Movement

The means for shipping freight is impacted by expediency and operating expenses and other variables also. One way of freight shipping within the other; train versus truck freight movements, wouldn’t be an acceptable difference when Intermodal solutions, integrating the railway and trucking industries, is the most favorable shipping option to create. Truck Operational Costs: Diesel Fuel Rules Over the road (OTR) transport has been the absolute most expensive transport mode for more than 40 years. Even as trucks continue to go a lot of the state’s freight, the trucking industry has been rocked with steadily rising diesel fuel prices throughout the last five years. Major trucking companies have cut their over-the-road capability significantly, because they are enacting truck-to-train freight shipping choices though some smaller trucking companies, having possibly a fleet of ten trucks on the way, are going from business. For one industrial truck, the price of fuel–39% of the overall operating cost–is the largest operating expense within the trucking company, with driver salaries being the next largest. Trucking companies are slow walking their hauls to conserve fuel. A rig that is certainly sitting idle easily burns of a gallon-per hour of gas. Railroad Infrastructure Steadily Coming Online Rail freight… read more »