US regulator sees power in port alliances

Competitive working agreements among all container ports on America’s West Coast could be the answer to cargo diversions to Mexico and Canada, according to a top US regulator.
Federal Maritime Commissioner Richard Lidinsky released this week an update of a report he spearheaded in 2012 looking at

CMA CGM Christens Its Largest Vessel

By MarEx 2015-07-10 11:43:08

CMA CGM christened its largest ship, the GEORG FORESTER, on July 11 in Hamburg.

The box ship is 398 meters (1,305 feet) long with an 18,000 TEU capacity and is the sister ship to the KERGUELEN, which was launched this March. CMA CGM, which is the third largest box line in the world, is building six ships in the class, which will enter the fleet during 2015. The company has about 460 vessels in its global fleet.

The GEORG FORESTER will operate on CMA CGM’s east-west trade route between Northwest Europe and Asia and will make port calls in 11 different countries. The newly christened vessel was named after an 18th century naturalist and ethnologist who accompanied James Cook on his second voyage to the Pacific.

According to AlixPartner’s 2015 Container Shipping outlook, the number of mega-vessels, which transport than 13,300 TEUs, are expected to double by 2017. Routes between Asia and Northern Europe have witnessed a 32% increase of mega boxships since 2010.


Greece to Sell Two Key Ports

By MarEx 2015-07-10 11:18:32

Greek PM Alexis Tsipras is maneuvering as fast as he can to put together a bailout deal as its new bailout proposal is being by the EU Commission, the European Central Bank and the International Monetary Fund. Meanwhile, Angela Merkel, Chancellor of Germany has cautioned that Greece’s options are limited.

The Tsipras government is now supporting a previous proposal that would sell the government’s stake in two key ports. Meanwhile, AMP Terminals, a subsidiary of A.P Moller-Maersk has voiced strong interest in buying the Greek ports of Piraeus and Thessaloniki. Greece owns more than three-quarters of the port authorizes and would use the monies from the sale to help offset the country’s creditors if a bailout deal is made between Greece and the EU.

Greece will announce binding bid dates no later than October 2015.