1. Hapag-Lloyd delivers good result in first nine months of 2020
Hapag-Lloyd has concluded the first nine months of 2020 with earnings before interest, taxes, depreciation and amortisation (EBITDA) of more than USD 2 billion (EUR 1.8 billion), which represents a 20.4 percent increase over the prior-year figure. At the same time, earnings before interest and taxes (EBIT) rose to USD 965 million (EUR 858 million), surpassing the corresponding prior-year figure of USD 722 million (EUR 643 million). https://cyprusshippingnews.com/2020/11/13/hapag-lloyd-delivers-good-result-in-first-nine-months-of-2020/
2. Maritime Safety Committee takes practical steps to support shipping and seafarers during pandemic
The Maritime Safety Committee, 102nd session (MSC 102), 4-11 November 2020 (virtual session) approved a circular containing protocols for safe crew change during the pandemic. An important reference set of protocols to ensure safe ship crew changes and travel during the Coronavirus (COVID-19) pandemic has been recognized by IMO’s technical body, the Maritime Safety Committee (MSC). https://cyprusshippingnews.com/2020/11/13/maritime-safety-committee-takes-practical-steps-to-support-shipping-and-seafarers-during-pandemic/
3. Port of Long Beach hits milestone amid COVID-19 crisis with more than 800,000 TEUs moved through nation’s second-busiest seaport
The Port of Long Beach achieved yet another single-month record in October by processing more than 800,000 cargo containers for the first time in its 109-year history. Dockworkers and terminal operators moved 806,603 twenty-foot equivalent units in October and broke the “best month” record set in September 2020 by more than 11,000 TEUs. Trade was up 17.2% from October 2019. https://cyprusshippingnews.com/2020/11/13/port-of-long-beach-hits-milestone-amid-covid-19-crisis-with-more-than-800000-teus-moved-through-nations-second-busiest-seaport/
4. Ocean Network Express to Launch New Europe – West Africa Service
Ocean Network Express (ONE) is to launch a new weekly Europe – West Africa Service (EWX) to deliver a more efficient and comprehensive service network. The first voyage will commence in February 2021. The port rotation* is as follows:
Hamburg – Rotterdam – Antwerp – Le Havre – Algeciras – Tangier – Dakar – Tema –
Abidjan – Hamburg https://cyprusshippingnews.com/2020/11/13/ocean-network-express-to-launch-new-europe-west-africa-service/
5. PIL warns of liquidation risk
PIL has already received $112m to tide it over from Heliconia Capital Management, a unit of Singapore’s sovereign wealth fund, Temasek Holdings. In a presentation to creditors and bondholders, PIL revealed Heliconia will shortly come in with another $600m as part of what was described as a comprehensive financing package. https://splash247.com/pil-warns-of-liquidation-risk/
6. Tech solution developed to resolve the crew change crunch
Captain Milutin Gojkovic, managing director of Alpes Maritime Consulting (AMC), has created the SafeCrew Platform by deploying remote health monitoring technology using FDA-grade sensor devices, artificial intelligence and smart apps to track crew’s healthiness from shore to sea and back to shore, starting at crews’ home town once they are hired, continuing on the vessel and until returning to shore. https://splash247.com/tech-solution-developed-to-resolve-the-crew-change-crunch/
7. The time is now for a vaccine distribution ecosystem
The news from Pfizer and Arcturus over these last few days gives one reason to believe that a viable vaccine will be available to many across the globe in the next few months. When approved, the next challenge will be to safely and securely ship these vaccines to where they will be available to citizens in every part of a country. https://splash247.com/the-time-is-now-for-a-vaccine-distribution-ecosystem/
8. Baltic Index Slips On Weaker Capesizes Rates
The Baltic Exchange’s main sea freight index, which tracks rates for capesize, panamax and supramax vessels, slipped on Friday as rates for the capesize vessel segment weakened. The Baltic dry index fell 9 points, or 0.8%, to 1,115, its lowest since June 16. https://www.shippingtribune.com/news/shipping/Baltic+index+slips+on+weaker+capesizes+rates
9. Korean Shipbuilders Sweep 70% Of Global Orders In October
Korea’s order receipts totaled 720,000 CGTs in October, or 69 percent of the world’s 1.04 million CGT order placements, said Clarkson Research, a shipbuilding and shipping market analysis company on Nov. 10. China claimed second place with 250,000 CGTs, followed by Finland with 30,000 CGTs.
https://www.shippingtribune.com/news/shipping/Korean+Shipbuilders+Sweep+70%25+of+Global+Orders+in+October
10. Yang Ming Returns To Profitability In 2020 Q3
Its consolidated revenues for the third quarter totaled NTD 38.86 billion (USD 1.3 billion), up 2.83% from the same period of last year. Business volumes were down by 10.99% year-over-year to 1.28 million TEUs. Yang Ming’s profit after-tax for the third quarter reached NTD 2.74 billion (USD 91.69 million). The decline in volume was mainly due to the market uncertainty caused by the COVID-19 pandemic. The company had to timely adapt capacity on East-West trades in response to the market change. https://www.shippingtribune.com/news/shipping/Yang+Ming+Returns+to+Profitability+in+2020+Q3
