Monday, 31 October 2016

HSH Nordbank Seals Charter of Hanjin Ships to Maersk

A tugboat passes Hanjin Hungary container ship at PSA’s Tanjong Pagar terminal in Singapore September 28, 2016. REUTERS/Edgar Su

ReutersLONDON/FRANKFURT, Oct 27 (Reuters) – Germany’s HSH Nordbank has arranged a deal which will see six container ships from collapsed South Korean line Hanjin chartered out to Denmark’s AP Moller Maersk, the state-backed lender said on Thursday.
This is one of the first examples of Hanjin’s lenders looking to resolve the fallout from the shipping firm’s collapse in August, which has left an estimated $14 billion in cargo stranded on its ships.
HSH, which was among a consortium of banks that had financed Hanjin ships, said in a statement that Maersk’s container unit, the world’s No. 1 line, would operate the six vessels.
“The chartering of the container ships by Maersk Line means that, in a difficult setting, these ships have been given a long-term perspective following the insolvency of Hanjin,” said HSH’s chief risk officer Ulrik Lackschewitz in the statement.
“In Maersk Line we have a strong partner at our side for this transaction.”
Maersk confirmed the arrangement without providing further details.
The global container shipping sector is struggling with its worst ever market conditions, caused by a glut of ships and slowing global trade, which has battered earnings and forced at least one out of business.
A source involved in the transaction told Reuters HSH had separately arranged together with three other banks for three additional Hanjin ships to be chartered out to the world’s No. 2 line, Swiss-based MSC.
MSC did not immediately comment.
This week Hanjin said its European routes services had completed stopped and a Seoul court overseeing its receivership process has approved winding down four of its European units.
HSH has been under pressure due to the global shipping sector downturn and is trying to offload assets.
The bank turned to its state owners after risky assets turned sour in 2008. In March, the European Commission approved a bailout which includes an ambitious plan to hive off a total of 8.2 billion euros ($8.96 billion) in bad loans, 5 billion of which are being transferred to the state owners, while the lender must sell up to 3.2 billion itself. ($1 = 0.9152 euros) (Reporting by Jonathan Saul in London, Andreas Kroener in Frankfurt and Annabella Pultz Nielsen in Copenhagen, editing by William Hardy)
(c) Copyright Thomson Reuters 2016.

Japanese Shipping Companies to Merge Container Operations

By MarEx  2016-10-30 22:31:55 
Japanese shipping companies NYK, Mitsui OSK Lines (MOL) and Kawasaki Kisen Kaisha (K-Line) said on Monday they will merge container shipping operations as overcapacity and weak economic growth shake up the global industry.
The companies will form a joint venture that they expect will see an annual cost benefits of about 110 billion yen ($1.05 billion).
They said in a statement that have decided to integrate their respective container shipping on an equal footing to ensure future stable, efficient and competitive business operations.

The new joint-venture company is expected to create a synergy effect by utilizing the best practices of the three companies and will take advantage of scale through its combined fleet of 1.4 million TEUs.
The merger will make the group the sixth largest carrier in the world with aproximately seven percent of global capacity, according to estimates from Alphaliner.
Shares in the companies - whose combined fleet of over 2,000 vessels includes tankers, dry-cargo carriers and container ships - jumped almost 10 percent after news that their presidents would hold a news conference at 0200 GMT.
Overcapacity and poor economic growth globally has left hundreds of ships idle in the industry's worst downturn since its origins in the 1950s and 1960s, causing the collapse in August of South Korea's Hanjin Shipping, then the world's seventh-largest container shipper. Analysts expect capacity to worsen at least over the next three years.
Container shipping has seen a wave of mergers and acquisitions, particularly in Asia, as companies try to grab a bigger share of a depressed market.

The Japanese joint venture, to be owned 38 percent by NYK and 31 percent each by MOL and K-Line, will be formed on July 1, 2017, and begin operations in April 2018, they said in a joint statement.
Shares of NYK rose as much as 9.9 percent, MOL by 9.2 percent and K-Line as much as 8.5 percent.
The three firms are due to report their earnings on Monday as yen strength threatens to widen their annual loss forecasts.

Driver's Day 2, part 5: Container delivery to DP World London Gateway

Published on 30 Oct 2016
The final installment of Trucking TV's Driver's Day with Paul and Darren, as we film our visit to Britain's newest port, DP World London Gateway - the first ever film of real-life truckers experience of this port, as far as we know . . .

Sunday, 30 October 2016

Hanjin cargo ship docks in Vancouver after weeks of uncertainty

Crew from Korea was stuck in Prince Rupert for nearly two months after company filed for bankruptcy

Hanjin Scarlet docks at the Port of Vancouver's shipping container terminal on Thursday. Crew from the Korean ship spent weeks of uncertainty aboard the vessel after Hanjin Shipping declared receivership in August. (Peter Lahay)

A container ship that was anchored near Prince Rupert since the end of August finally docked in Vancouver on Thursday.
The Scarlet is one of two Korean ships in Canadian waters that have been in limbo since Hanjin — the world's seventh largest shipping line — filed for bankruptcy.
The other, the Vienna, is anchored near Victoria.
For the nearly 50 crew members aboard the two ships, waiting to discover when and how their journeys would end has been difficult.
Peter Lahay is the national coordinator for the International Transport Workers' Federation. He's been advocating on behalf of the crew and says conditions on board were bad, especially for the Scarlet.
"There are two or three things that go into a ship that's operating correctly. One is they have adequate food and provisions and the other [is] water, recreation and something to do," he said.
Hanjin Scarlet
Hanjin Scarlet motors toward the Port of Vancouver. (Rafferty Baker/CBC)
"[Scarlet] was stuck at an anchorage at a very, very remote, isolated location on the Northern British Columbia coast all by themselves. They had no other vessels around them, nothing. All that they were looking at was trees and islands and whales going by."
"The captain didn't have any answers for the crew, his emails were going ignored by Hanjin," said Lahay.
Now that the ship has docked, some crew members are learning their fates, and morale is improving, according to Lahay.
"There's a lot of joy in the crew, particularly from those going home," he said. "I think it's about 13 crew who are leaving the vessel and about a similar number will stay on board."
Roughly half the crew will have to stay with the boat for some time to come in order to maintain it — but they will get paid. They also got the chance to walk on land on Thursday for the first time since the ship left Asia.
The workers who get to go home will be allowed off the boat at some time on Friday.
Hanjin Scarlet
The Scarlet travels through Burrard Inlet on Thursday after nearly two months anchored near Prince Rupert. (Rafferty Baker/CBC)
Follow Rafferty Baker on Twitter: @raffertybaker

Luckily no persons were hurt and the spreader was empty, Psa chz Zeebrugge Belgium, 29.07.2012

Spreader main hub pins Not secured I guess

Exactly , maintenance forgot to secure them after having worked on the spreader 

UK Freight Association Report Highlights Concerns on Shortfall of Road Haulage Drivers Numbers

However New Apprenticeship Funding Warmly Welcomed 

UK - A report by the Freight Transport Association (FTA) released today shows that the ongoing driver shortage in the UK has reduced somewhat, but highlights the sector’s reliance on staff from the European Union. The Driver Shortage: issues and trends’ report calculates that there is a shortfall between the number of registered HGVs and the number of qualified drivers of 34,567 - back to the pre-driver crisis levels of 2012. This is attributed to an increased number of employed truck drivers and rising salaries, on average twice the rate of inflation through overtime and bonuses. 
The heavy reliance on other EU nationals employed as HGV drivers however is a cause of concern after the Brexit vote, with more than 30,000 or 10% of the entire UK driver workforce coming from the continent. The FTA want the British government to quickly rule on the status of European nationals working in the UK’s road haulage industry to reassure its members. The FTAs Deputy Chief Executive James Hookham said: 
“The report highlights the industry’s reliance on EU nationals. The uncertainty about their employment rights and status once Britain leaves the EU is a major concern for businesses. We urge the Government to ensure its Brexit negotiations afford special status to logistics and allow for this employment to continue so that the industry is not hit by another driver shortage crisis. 
“We also need better roadside facilities, especially if we are going to attract more women into the industry, and more help from Government with the cost of acquiring a vocational licence, which is often cited as a barrier to recruitment.” 

The UK government meanwhile has announced that it intends to improve the funding for its apprenticeship programme, which includes training future freight vehicle drivers and this news has been greeted warmly by the Road Haulage Association. The RHA chief executive Richard Burnett said: 
“I am delighted at today’s announcement. This can be a real game-changer in the way haulage firms recruit and train drivers and others coming into the industry. It has the potential is to drive up standards in the industry and to reduce our reliance on drivers and others from abroad. It will benefit the UK economy, companies that take on apprentices and the individuals themselves, through increased training and transferable skills.”

Saturday, 29 October 2016

Felixstowe's Other Premier Port / Ferry

Port Of Felixstowe Photos By local People

Maritime Transport Ltd (Maritime) are celebrating a successful first year for their Professional Driver Scheme

Maritime Transport Ltd (Maritime) are celebrating a successful first year for their Professional Driver Scheme.
Launched in October 2015, Maritime’s Professional Driver Scheme has recruited over 50 new drivers into their workforce and has helped to provide new and inexperienced drivers with an opportunity to gain experience out on the road with a reputable company.
“We decided to launch the scheme in an attempt to help tackle the driver shortage” explained Gary Austin, Transport Manager. “We’re known for our high standards here at Maritime so taking on drivers and training them at the start of their driving career certainly appealed to us.”

Maritime haven’t been working alone in their efforts and have been partnered with Scania (Great Britain) Limited over the past year.
“We work with learner HGV drivers and provide them with the support and training they need to pass their test” said Mark Agnew, Driver Development Manager – Scania (Great Britain) Limited. “We’re delighted to be supporting learners and are proud to be able to direct those that have passed onto Maritime and their Professional Driver Scheme.”

“Newly qualified drivers can struggle to gain employment despite the need for new talent within the industry” said Simon Smart, Managing Director – Containers. “We pair each new employee with a mentor, and a trainer, who help to guide them as they learn all aspects of the business.”
Maritime’s scheme has been successful for candidates throughout the country, with many service leavers choosing to enrol.

Aaron Cowam, an ex-service man, joined Maritime in Felixstowe earlier this year.
“Gaining experience whilst working as part of the team has been great” said Aaron Cowan, Felixstowe Driver. “The driver mentors I’ve worked with have all had vast amounts of knowledge which has really helped me to learn the ropes.”
For more information on joining the scheme, or to start your training with Scania, contact them direct at:

Friday, 28 October 2016

Hutchison Ports Daily Online News - HPH Trust sees double-digit profit jump

But one-off monetary gains last year hide a disappointing result for the first three quarters of 2016
HUTCHISON Port Holdings Trust has reported a 10% increase in its net profit attributable to unitholders of HK$2.23bn ($287.47m) for the first nine months of 2016, but one-off gains last year mask what has been a disappointing year to date.
Discounting rent and rates reimbursed last year at HPH Trust’s Hong Kong facility Hutchison International Terminal and additional depreciation due to the change of an accounting estimate in 2015, the company’s net profit attributable to unitholders for the period would be 17% down on last year.
Revenue and other income for January through September was recorded at HK$9bn, down 7%, or HK$623.3m, on 2015 levels.
Box throughput at HPH Trust facilities, covering HPH’s assets in south China, fell 7%to 16.7m teu in the first nine months of 2016.
The terminal operator’s Shenzhen-based subsidiary Yantai International Container Terminal contributed just shy of 8m teu, representing a 4% drop in traffic year on year, while combined figures at Hong Kong-based subsidiaries, namely HIT, Cosco-HIT and Asia Container Terminals, were down 11% to 8.7m teu.

HPH Trust attributed weak demand to falls in US exports during the second quarter and European exports in the third. While trade to the US has picked up since on the back of the country’s economic momentum, this has been unable to offset a slowdown in European trade as a result of weak consumer sentiment, high unemployment and the knock-on effects from Brexit.
However, HPH Trust added that volumes at YICT in the first nine months of 2016 were also affected by a fall in the handling of empties and transhipment cargo. HIT also suffered from weak intra-Asia trade and transhipment traffic.
“The service rationalisation of various global shipping alliances has negatively impacted the transhipment volume of both HIT and YICT over the past few quarters,” said HPH Trust.

Sunset At The Port Of Felixstowe

Photo credits to Jessica Jacklin