HAMBURG: April 21, 2016. Hapag-Lloyd AG (HL) has issued a statement saying it is discussing with the United Arab Shipping Company (UASC) ways to cooperate including "a potential combination of their mutual container shipping operations".
The two companies are basing their discussions on a relative valuation of the two businesses at 72 percent (HL) and 28 percent (UASC). To date, discussions have not produced any binding agreement and HL said any satisfactory outcome will be subject to the usual due diligence.
UASC has 17 new vessels on order: six 18,800 TEU and 11 15,000 TEU containerships. Founded in 1976, shareholders include the UAE, Bahrain, Saudi Arabia, Kuwait and Qatar.
The possible merger coincides with recent comments by Drewry Maritime Research suggesting ship scrapping will intensify this year as demand for Panamax-sized containerships ships remain "muted".
The company noted a record intake of newbuild containershps (1.7 million TEU) in 2015 coincided with an unusually low scrapping total, widening the supply and demand gap that is eroding carrier profits.
"As we have highlighted before scrapping alone does very little to redress the supply-demand imbalance – last year's scrapping total was equivalent to just 1.0 percent of the cellular fleet – but it does at least increase carriers' ability to cascade smaller East-West operated ships into North-South trades by clearing space for them," it said.
Sheremetyevo to develop cargo hub
MOSCOW: April 20, 2016. Volga-Dnepr Group and Sheremetyevo international airport (SVO) are to further develop the airport as a cargo hub.
Michael Vasilenko, director general of SVO, said the agreement will see Volga-Dnepr guarantee an agreed volume of transit, transfer and import-export cargo flows as well the building of modern hangar complex for MRO services and the handling of special commodities.
"Both Volga-Dnepr Group and Sheremetyevo airport are strategically oriented towards development of a modern international level air cargo hub at Sheremetyevo. All the agreements and mutual obligations reached in this agreement are particularly intended to guarantee a high quality level of air cargo services for our customers," added Sergey Lazarev, director general of AirBridgeCargo Airlines.
KF adds to Miami’s air cargo network
MIAMI: April 19, 2016. KF Cargo, a subsidiary of Canadian KF Aerospace, has begun a series of MD10 cargo charter flights on behalf of Venezuela-based Solar Cargo between Miami (right) and South America with a shipment of flowers for Mother’s Day.
Based in Okanagan Valley, British Columbia, KF Aerospace is privately owned and provides air cargo services, aircraft leasing services, pilot training, heavy maintenance and modifications.
“We proudly welcome KF Cargo to our roster of 41 all-cargo airlines, and we wish them the greatest success in their expansion to MIA and into our bustling Latin American trade routes,” said Miami-Dade Aviation director Emilio González.
Partners promote passive pharma product
ZURICH: April 20, 2016. Swiss WorldCargo has signed a partnership agreement with passive cold chain container provider va-Q-tec for a global product launch in June this year.
Dominic Hyde, va-Q-tec managing director explained: "va-Q-tec has been requested by pharma customers to establish a partnership with Swiss WorldCargo to enable direct container rentals. Many pharma shippers and forwarders see the cargo division of SWISS as a strategic partner for reliably transporting pharmaceuticals and they want the simplicity of ordering containers through the airline."
va-Q-tec provides passive solution portfolio with five hard shell container options up to two pallets inside, and temperatures ranges from -70 °C to +25 °C. Within a 'Load & Go' rental concept, the company provides customers fully temperature preconditioned ULDs to be loaded for one way rental shipments over five day period.
DP World prepares for SOLAS
DUBAI: April 21, 2016. DP World says it will have certified container weighing terminals for shippers by July 01 when the new International Maritime Organization (IMO) Safety of Life at Sea (SOLAS) regulation comes into effect.
The new regulation mandates that shippers of goods must obtain the Verified Gross Mass (VGM) of laden export containers and communicate it to ocean carriers sufficiently in advance of the ship stowage planning.
Ocean carriers and container terminal operators will be legally obliged to ensure that containers without a VGM are not loaded on to a ship in all of the 162 IMO member states that are required to enforce the new law.
Sultan Ahmed Bin Sulayem, DP World chairman and CEO said: “All our terminals will be ready to meet the obligations under the legislation and each one will have certified weighing solutions in place to serve exporters in the IMO member states where we operate.”