News, Trends, Analysis 7
throughout EU countries. "We have a much more mixed picture than in 2009, where we saw a collapse basically across the board," Kolding said. "We're slightly concerned because we
did see a good momentum of recovery, not a fast, but a fairly fast, recovery," he said. Meanwhile, Maersk announced it would introduce daily shipping service in the Asia-Europe tradelane utilizing 70 vessels between Ningbo, Shanghai, Yantian, Tanjung Pelepas, Felixstowe,
Rotterdam, and Bremerhaven. "Regardless of which of the four
Asian ports the cargo is loaded at, the transportation time — from cut-off to cargo availability — is fixed," Maersk said in a statement. "Daily cut-offs mean that cargo can be shipped immediately after production without the need for storage," the company said.
For the full Bloomberg Businessweek
story on vessel glut: www.businessweek. com
Daewoo: Fuel-efficient mega-ships to weather volatile economy The chief executive of the third largest shipyard in the world, South Korea's Daewoo Shipbuilding & Marine Engineering
Co., said the next generation of fuel-efficient mega-containerships it is building would help both the shipyard offset a slowdown in orders, and shipowners lower costs.
"Large ships will help shipowners reduce costs, creating a new segment that may be less influenced by how the world economy performs," Chief Executive Officer Nam Sang Tae said on Monday in Seoul as reported by Businessweek. Daewoo is building twenty 18,000-TEU containerships for Denmark's A.P. Moeller-Maersk A/S. The huge vessels will reportedly burn 35 less fuel per container compared to a 13,000-TEU ship. Bunker fuel has reportedly risen almost 30 percent this year, trading at $655.50 per ton, according to Bloomberg data. The big three shipyards in the world, Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo, could end up with $30 billion worth of more sophisticated, mega-ship orders over the next few years, helping to offset the rising tide of lower-cost ships being built in China, according to James Yoon, an analyst for BNP Paribas SA. For the full Businessweek story: www.businessweek.com
the two big U.S. ports had violated Proposition 65 that had been enacted in 1986, in part, to protect the populace from exposure harmful chemicals.
Under the terms of the settlement, the terminal operators agreed to engage in cleanup projects worth $1 million per operation that are to include pilot projects to test solar electric panels that can withstand saltwater and a crane-mounted system used to capture idle vessel exhaust. In addition, the collective of terminals agreed to pay $757,000 for small trucking firms to buy new, low emission trucks; $324,000 to the Port of Long Beach clean truck and locomotive projects, and another $540,000 in civil penalties. The terminal operators are also required to launch an outreach program that includes warnings of the emissions at the port through newspaper and online advertising, and signage near their operations.
"This settlement will speed the requirements for port terminals to reduce diesel emissions," said Harris in a statement. "This is vitally important because expanding port traffic leads nearby residents to be exposed to polluted air, and increased risk of cancer and other diseases," she said.
The seven terminals that reached the agreement with the
Attorney General's office are: APM Terminals Pacific, Ltd.; Eagle Marine Services, Ltd.; International Transportation Service, Inc.; SSA Terminal (Long Beach) LLC; SSA Terminals, LLC, Pacific Maritime Services, L.L.C.; Trapac, Inc.; West Basin Container Terminal LLC; Yusen Terminals, Inc.
www.cargobusinessnews.com September 2011
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