Results for category "News updates on global shipping"

16 Articles

Possible impact of “BREXIT” on Britain’s economy and shipping

British Prime Minister David Cameron was not in favor of holding a vote on “Brexit” at all. In 2014 he faced mounting pressure from the populist right over the issue of migration and Britain’s EU membership. To pacify dissenters in his own party and arrest the rise of the far-right UK Independence Party, Cameron promised to hold a referendum on leaving the EU if his Conservative Party won the 2015 election.

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China’s slow pace of growth threatens world economy

50th Post_Great achievement

50th Post_Great achievement

The slow pace of growth in China poses a great challenge to the world economy.

The rate of growth of Chinese economy reached at the lowest level compared to its growth during the last twenty five years. The growth rate of total Gross Domestic Product (GDP) of this world’s second largest economy has come down to below 7 per cent. In 2015 the country has achieved a GDP growth of 6.9 per cent only against officially fixed target of 7 per cent. Whereas the GDP growth of China was 7.3 per cent in the previous year i.e. in 2014.

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Container shipping lines recourse to greater scale & mergers during 2015

Container shipping lines recourse to greater scale & mergers during 2015 to safeguard their growth

Shipping industry observed with curiosity that the trend of procuring gigantic container ships by leading shipping companies has been continued throughout the year 2015 like the scenario of last few years. It seems that the pioneer container shipping lines like Maersk Line, CMA CGM Line, MSC line have taken recourse to such ambitious procurement progamme not only to safeguard their global market share but also to marginalize the role of close competitors.

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CMA CGM Shipping Line adding more Mega-Container ships to it’s fleet

CMA CGM Shipping Line adding more Mega-Container ships to it’s fleet

The present trend shows that the leading Container Shipping Companies of the world are competing with each other to add extra-large container ships to their fleet. The reason is that not only to meet the growing demand of international trade but also to establish their supremacy as an operator in the world trade.

Keeping pace with the present trend, the French Shipping line CMA CGM – the third largest container shipping line of the world, has stated negotiations with the shipbuilder named South Korea’s Hanjin Heavy Industries & Construction” to purchase at least three 20,000 TEU containerships at a total investment cost of US$420 million as reported by UK Container Management.

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Inclusion of a new built vessel into CMA CGM Fleet

“The CMA CGM LITANI”(10622TEUs) enters into theCMA CGM fleet by 2016

It is a good news for the shipping industry as well as  all related stakeholder  that CMA CGM shipping line along with  two other parties are going to add a new container vessel of 10622 TEUs capacity named “The CMA CGM  LITANI” to its present fleet by the third quarter of 2016. This procurement would be the third vessel out of total procurement target of 28 series of vessels within the capacity from 9400 TEUs to 10900 TEUs. It is worthwhile to mention here that the 1st vessel of the series named “The CMA CGM DANUBE” was delivered on last June, 2014. The delivery of the 2nd vessel named “The CMA CGM LITANI” was accomplished on December 03 and sailed from Chinese shipyard on December 06, 2014 respectively.

This new-built container vessel has the following special features in its design & construction:

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Maersk Line is Lloyd’s List’s Company of the Year

Maersk Line is Lloyd’s List’s Company of the Year

Lloyd’s list declared Maersk Line as the Company of the Year 2013. On 1 October, Lloyds honoured Maersk line by presenting annual awards to Mr. David Brown, Sales Director of Maersk line, Great Britain, in a ceremony held at the Lancaster Hotel in London, in recognition of their achievements in the global maritime industry.

The Managing Director to Maersk Line in UK and Ireland, Brian God-safe, in his reaction stated that this is truly a prestigious award to Maersk line. He further added that “It recognizes the hard work of the global Maersk Line family, in delivering customer centric services that have enabled our customers to keep their promises. Through

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Maersk Line to inspire Danish export companies

Maersk Line to inspire Danish export companies

Danish Ministry of Business and Growth has recently selected 30 leading Companies, in eight categories and designated them as “Export Canon” of the country. This decisive step has been taken by the Government to achieve higher export volume and thereby ensure sustained growth of the country in future. It is a matter of great honour on the part of Mearsk Line that they have been selected to serve the interest of this leading 30 Danish Companies.

It is undoubtedly a great recognition to the Maersk Line shipping services by Denmark, as they have been playing a significant role for decades in the global export trade, with a present global market share of 14.5%.

 

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Maersk Line Wins China Freight Industry Award

Maersk Line Wins China Freight Industry Awards

News posted on 18 July 2013

Maersk (China) Shipping Co., Ltd. bagged 3 awards at the 10th China Freight Industry Awards ceremony held on 25th June 2013 at Shanghai. Maresk Line received awards in the category – ‘Best 10 Comprehensive Service Carrier’, ‘Best 3 Container Lines in Asia-Europe Trade’ and ‘Best 3 Container Lines in the Asia-South America Trade’. Matt Ma, Sales General Manager of Global Forwarder East China, received the award on behalf of the company.

The China Freight Industry Award Ceremony is a well-known award ceremony in China’s freight industry hosted by China Shipping Gazette, a Chinese trade magazine focusing on the latest shipping,

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