Shipping

CMA CGM Group launches world’s largest LNG container ship

The “CMA CGM Jacques Sadeé,” the first of this new class of ship.

The CMA CGM Group announced the launch of the largest and first ultra-large container ship in the world (23,000 TEUs) powered by liquefied natural gas (LNG).

The milestone was reached at the Jiangnan-Changxing shipyard in Shanghai, at an event witnessed by Rodolphe Saadé, president and CEO of the CMA CGM Group, French and Chinese officials, business leaders and customers of the CMA CGM Group.

In 2017, […]

Cosco Shipping receives container ship of 21,237 TEUS

Cosco Shipping has ended its massive construction program of 17 megamax container ships of 21,237 TEUs with the delivery of the “Cosco Shipping Planet”.

The program actually consisted in the delivery of three different series of ships ordered from four Chinese shipyards that originated in separate orders from Cosco and CSCL, the two main Chinese shipping lines that merged in 2016 to form the current Cosco Shipping.

How to comply with IMO 2020

A KPMG value proposition identifies key aspects in this transition imposed by the maritime regulator, the International Maritime Organization (IMO) that will take effect in less than six months.

The industry seems not yet ready.

Until the end of 2018 there was still an air of hope among a large number of shipping companies that expected the entry into force of the IMO 2020 on Sulphur emissions in fuel, to be postponed into the future, […]

Fast transit times by Seaboard ships

Seaboard ships

Seaboard Marine, a shipping line that has served regional importers and exporters for more than 40 years, today offers a much-extended network.

Among Seaboard Marine’s extensive regional trades, the shipping line recently enhanced North Atlantic Ecuador/Peru Service. The weekly service connects Callao and Paita, Peru as well as Guayaquil, Ecuador with the North Atlantic U.S. ports in Brooklyn, Newark, and Philadelphia. The service utilizes Balboa as an […]

Transpacific rates could benefit from trade war

The brief rest in commercial hostilities between the US and China barely lasted a month.

As expected, the truce agreed during the G20 meeting in Japan at the end of June ended on Twitter when US President Donald Trump announced on August 1 that a new 10% tariff would be imposed on another $300 million of Chinese products, effective as of September 1.

The latest […]

Panama a center of Traffic and Transshipment

The Port of Mariel is a competitor of Panama.

By Argelis Solís, student of Master in Maritime Business of the Panama International Maritime University.

Going back a little to history we can say that Panama was always a country of traffic and transshipment of merchandise. Reflecting this point we can say that on December 31, 1999 the Panama Canal was transferred to Panamanian hands, being the Authority of the Canal de Panama (ACP) the administrator of this interoceanic route considered for […]

Shipping industry ask the ACP for an extension on tariffs implementation

Shipping industry ask the ACP for an extension on tariffs implementation

The global shipping industry asked for 12 months notice before the new Panama Canal tolls are implemented. The request happened during the consultation meeting between the Panama Canal Authority and the shipowners.

The proposed new toll charges, that will affect all segments of the industry, are anticipated to enter into effect on 1 January 2020, the same day as the IMO ‘Global Sulphur Cap’ regulation.

However, […]