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Ocean Transportation: Page 191

Where Do All Those Old Ships Go to Die? Many to Substandard Beaching Facilities.

NGO Shipbreaking Platform, a global coalition of organizations seeking to prevent dirty and dangerous shipbreaking practices worldwide, has published the complete list of ships that were dismantled around in the world in 2013. Of the 1213 large ocean-going vessels that were scrapped in 2013, 645 were sold to substandard beaching facilities in India, Pakistan and Bangladesh, says the group. Approximately 40 per cent of these ships were EU-owned.

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UASC's New Vessel Order Tops $2Bn

United Arab Shipping Company (UASC) has exercised options for six additional 14,000-TEU vessels bringing the total order to 16 ships. The order has been placed with Hyundai Heavy Industries (HHI) in Korea and is the largest in UASC's history, worth over $2bn, including all options. The order features vessels that will be amongst the largest, most technologically advanced, and most environmentally friendly container vessels ever built.

U.S. Container Imports in 2013 Reportedly the Highest in Six Years

U.S. vessel imports were up 3.7 percent from 2012, which totaled over 18.2 million TEUs (twenty-foot containers) brought into the United States last year. U.S. imports in 2013 started off at a slow start but ended with a surprising and unexpected surge from July through December. Annual TEUs haven't been this high since 2007, which is a good sign for a strong recession rebound in the U.S. trade industry. So far in 2014, the first three weeks of imports in January are already 5.2 percent higher than the same time last year.

CMA CGM Group Announces Cooperation Pact on Asia-Indian Subcontinent Route

The CMA CGM Group is launching a space-sharing agreement with container-carrying partners Maersk Line, APL and OOCL on three services from the Far East to the Indian Subcontinent, starting in February of 2014.

CSAV Group Expands INTTRA E-shipping Capabilities to Customers Worldwide

INTTRA, the multi-carrier e-commerce network for ocean shipping, announced a strategic agreement with CSAV Group, one of the largest shipping companies in Latin America, to make INTTRA a preferred e-shipping platform for CSAV Group's customer base of shippers and freight forwarders.

Brazil Backs Billion-Dollar Port in Cuba

Cuba on Monday inaugurated a $957m port billed as the most modern in Latin America and crucial to the economic future of the communist-ruled island in a project financed by Brazil and equipped for ships passing through an expanded Panama Canal.

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Fight Over Panama Canal Expansion Cost Overrun Was Inevitable

A bitter dispute between the Panama Canal and a Spanish-led consortium of construction companies over the spiraling cost of expanding one of the world's busiest waterways was years in the making.

Companies Strive Towards Clean Fuel Option in Qatar

Three Qatar companies, Nakilat, Qatargas and RasGas Company, are joining forces to convert a Q-Max vessel as a pilot project making it capable of running on LNG and reducing the ship's exhaust gas and greenhouse gas emissions.

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The Market Continues to View Air, Sea Freight Forwarding Positively

The Stifel Logistics Confidence Index entered 2014 on a positive note. Despite a month-to-month 0.9 point decline in the overall Index reading to 56.6, the Logistics Confidence Index has remained above the 50-level for 12 months, meaning the market continues to exhibit a healthy confidence in air and sea freight forwarding. To get a better view of global air and ocean trade, Stifel has partnered with Transport Intelligence to create the Stifel Logistics Confidence Index (LCI), a monthly survey of international shippers and forwarders that measures freight activity across several European-based trade lanes.

Standardizing Ocean Freight Environmental Reporting

EcoVadis and BSR's Clean Cargo Working Group (CCWG) have teamed up to standardize environmental reporting requests for the sea freight supply chain.

U.S. Ocean Container Activity Ended Strong in 2013, Year-End Review Finds

Ocean container import and export activity for the U.S. ended on a strong note in 2013, with imports soaring 17.7 percent and exports rising 5.7 percent from November. Both upticks are seasonally expected, but the import volume was especially stronger than normal.

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Retail Imports Expected to Be Up 4.8 Percent in January; 2013 Estimated at 2.8 Percent Over 2012

Import volume at the nation's major retail container ports is expected to grow 4.8 percent in January over the same month last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. Estimates show 2013 up 2.8 percent over 2012.

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