By Gavin van Marle in Rotterdam (The Loadstar) - Shipper opposition to deepsea liner shipping alliances may be dangerously misplaced, delegates at the TOC Container Supply Chain event in Rotterdam heard yesterday. Lars Jensen, chief executive and partner of SeaIntelligence Consulting, said efforts by some to bar container lines from operating in alliances, claiming they have … [Read more...]
Maersk to Trial TradeLens Platform in Russia
A.P. Moller - Maersk has reached deal with the Russian Ministry of Transport to launch its blockchain-based TradeLens platform in Russia. The agreement, signed by Maersk CEO Søren Skou and Yuriy Tsvetkov, Deputy Transport Minister and Head of Federal Maritime and River transport Agency, will allow Maersk to implement TradeLens to the Russian market with the aim of digitizing … [Read more...]
Bigger Ships Mean ‘Bigger Risks for Everyone’
By Mike Wackett (The Loadstar) - It seems the ultra-large container vessels (ULCVs) that have become the ‘new normal’ on the Asia-Europe tradelane have not proved as popular as the lines that operate them hoped. Several shippers The Loadstar spoke to at Transport Logistic in Munich last week could not hide their aversion to the ocean behemoths – and it appears the insurance … [Read more...]
Captain George Livingstone: Super-Size Me
By Captain George Livingstone - Super-size doesn’t just refer to Hamburgers and Fries, since the arrival of the container ship Emma Maersk in 2006, the definition of big in the maritime world changed and continues to as Ultra Large Container Vessels (ULCV) just keep getting bigger. What defines a ULCV? Consensus is any container ship over 10,000 TEU’s. According to DynaLiners, … [Read more...]
After Lackluster First Quarter, Second Quarter Could Be Even Worse for Container Lines
By Mike Wackett (The Loadstar) - With the second quarter now two-thirds done ocean carriers look to be heading for a second successive H1 loss, making a good peak season more essential than ever for the sustainability of the liner industry. Last week CMA CGM completed the set of container lines that publish their financial results recording a less than inspiring $22m net … [Read more...]