New container ship docks in Quy Nhon

On Mar. 10 the port authorities at Quy Nhon port welcomed the arrival of the container ship, the Marshall Island-flagged Saylemoon Rickmers, which is the biggest vessel to dock at the port in the central province of Binh Dinh. Owned by the Mediterranean Shipping Company, one of the leading global carriers, the Saylemoon Rickmers is 196m long, 27m wide and has a deadweight of 24,279 tonnes. By making Quy Nhon a new destination, MSC has demonstrated the potential for developing freight services in the southern central region of the country and Binh Dinh province in particular./. … [Read more...]

Shippers leave others in their wake

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The globe's shipping leaders Maersk Line, MSC Mediterranean Shipping Company S.A and CMA CGM will establish an operational alliance. According to Maersk Line, the three firms have in principle agreed to establish a long-term operational alliance on East - West trades, called the P3 Network. The aim is to improve and optimise operations and service offerings. The P3 Network will operate a capacity of 2.6 million twenty-foot equivalent unit or TEU (initially 255 vessels on 29 loops) on three trade lanes including Asia - Europe, Trans-Pacific and Trans-Atlantic. While the P3 Network vessels will be operated independently by a joint vessel operating centre, the three lines will continue to have fully independent sales, marketing and customer service functions. The P3 Network will provide customers with more stable, frequent and flexible services. Each of the lines will offer more weekly sailings in their combined network than they do individually. As an example, the P3 Network plans … [Read more...]

Shipping lines form alliance to facilitate global trade

HCM CITY (VNS)— Maersk Line, the MSC Mediterranean Shipping Company and CMA CGM, have agreed to establish a long-term operational alliance on East-West trade called the P3 Network. The aim is to improve and optimise operations and service offerings. The P3 Network will serve three trade lanes: Asia-Europe, Trans-Pacific and Trans-Atlantic. The P3 Network vessels will take part in a joint vessel-operating centre. But the three lines will continue to have fully independent sales, marketing and customer service functions. Each of the lines will offer more weekly sailings in their combined network than they now do individually. For example, the P3 Network plans to offer eight weekly sailings between Asia and Northern Europe. In addition, it will offer more direct ports of call. The improved network is expected to reduce the disruptions for customers caused by cancelled sailings. The lines intend to start operation in the second quarter of 2014, but the starting date will be subject … [Read more...]

Maersk Line sets up alliance on East-West trade

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Maersk Line, the MSC Mediterranean Shipping Company and CMA CGM, have agreed to establish a long-term operational alliance on East - West trade called the P3 Network.— VNS Photo HCM CITY (Biz Hub) - Maersk Line, the MSC Mediterranean Shipping Company and CMA CGM, have agreed to establish a long-term operational alliance on East - West trade called the P3 Network. The aim is to improve and optimise operations and service offerings. The P3 Network will serve three trade lanes: Asia - Europe, Trans-Pacific and Trans-Atlantic. The P3 Network vessels will take part in a joint vessel-operating centre. But the three lines will continue to have fully independent sales, marketing and customer service functions. Each of the lines will offer more weekly sailings in their combined network than they now do individually. For example, the P3 Network plans to offer eight weekly sailings between Asia and Northern Europe. In addition, it will offer more direct ports of call. The improved network … [Read more...]

100 years after Titanic, dangers remain for cruise ships

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The Titanic was the pride of the industry when it went down off the coast of Canada on its maiden voyage a hundred years ago with the loss of 1,514 lives, a giant of a ship. Capsized cruise ship via AFP. These days, the trend is for even bigger and grander vessels, especially in the cruise line industry, but even with all the technology available to today's shipbuilders, the dangers remain. Thirty-two passengers died when the Italian luxury cruise liner Costa Concordia ran aground off the coast of Italy on January 13. And although the ship's captain has been in the firing line over his conduct, maritime union Nautilus International has warned against a rush to judgment, arguing that other factors may have played a part. The Costa disaster raised questions about whether safety considerations have kept pace with the quest for grandiose, top-of-the-range, floating leisure palaces. The accident has hit sales too: both Carnival, the company that owns Costa Cruises which ran the … [Read more...]

Ship grounded on New Zealand reef watched for signs of oil spill

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New Zealand's shipping authorities have cordoned off a Liberian-flagged container ship that has grounded on a reef off the east of the North Island as they attempt to assess whether it poses an environmental risk. The 236-meter cargo ship Rena struck the Astrolabe Reef, about 12 nautical miles off the coast near Tauranga Harbour, at around 2. 20 a.m. Wednesday and was listing, said a statement from Maritime New Zealand (MNZ). … [Read more...]

Vietnam Port Welcomes Biggest Container Ship

Cai Lan port in northeastern Quang Ninh province has just received a 40,462-ton container ship of Panama, the biggest of its kind that has arrived at the port to date. The MSC PEGY of 207 meters in length and 32.24 meters in width, belongs to the Mediterranean Shipping Company - the world's second largest shipping line in terms of container transport capacity. The Cai Lan International Container Port Co. Ltd has poured US$103 million into a project to upgrade and expand the deep-water Cai Lan port. The firm will build and operate three wharves No. 2, 3 and 4 at Cai Lan Port under the two-phase project which is scheduled for completion in 2014. In the first phase of 2008-2011, Cai Lan company will build over 300 meters of wharves and supporting facilities. The port is expected to stevedore 760,000 TEUs of cargo and severe vessels of 40,000 tons in 2017. (Labor, Capital Security) … [Read more...]

Cai Lan port receives biggest container vessel

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Cai Lan port in the northeastern province of Quang Ninh received a 40,462-tonne container ship on May 3, the biggest of its kind that has docked in the port so far. The MSC PEGY carrying the Panama flag is 207m long and 32.24m wide. It belongs to the Mediterranean Shipping Company - the world's second largest shipping line with regard to container transport capacity. The Cai Lan International Container Port Co. Ltd has spent US$103 million upgrading and expanding the deep-water Cai Lan port for the goal of handling 760,000 in 2017. (one TEUS equivalent to one 20-feet container) … [Read more...]

MSC PEGGY ship docks Cai Lan port

The Cai Lan Sea Port today, May 3 rd, received the ship "MSC PEGGY", the largest container ship to dock at the port to date. The MSC PEGGY, of Panama, has a draught of 40,472 tonnes and a capacity of 32,696 tonnes. This 207m high and 32.24m wide ship carries 1,092 "TEU's" (Twenty Foot Equivalent Units, a type of container carried by ship and then by truck) from HongKong (China) to Singapore. This is a product of the Swiss Mediterranean Shipping Company (MSC), the second largest global carrier in the world. The Cai Lan deep water sea port, which is in Quang Ninh province, was recently upgraded to receive carriers of over 40,000 tonnes. The port is expected to ship as much as 760,000 TEU's of goods by 2017. Source: LDDT Translated by Mai Huong … [Read more...]

Shipping Firms Order Free-Market USD Fee Payments

Shipping companies have said that they will not accept payments for transportation fees in VND, asking customers to pay the fees in U.S. dollars with the black market exchange rate, the Vietnam News newspaper reported June 15.

Mediterranean Shipping Company S.A (MSC) on June 5 asked Vietnamese companies to make payments for shipping fees and other surcharges in dollars at the black market exchange rate. It also informed them that it would stop accepting payments in VND immediately as the company had locked its VND account in order to avoid losses. Le Trieu Phuong, deputy general director of MSC, said that the move was just a temporary measure to help rescue the company, though it did not come in line with the current laws. Phuong showed the loss of VND3 billion for the company in May 2008 because of VND/USD exchange rate fluctuations. "If MSC continues accepting payments in VND, it will go bankrupt, as it has to pay foreign partners US$4 million a month," Phuong said, adding that MSC is facing difficulties as commercial banks are refusing to sell it dollars. It needs US$2 million to pay foreign shipping firms. Tran Huu Huynh, head of the Legal Department under the Vietnam Chamber of Commerce and … [Read more...]

Oil Clean-Up Begins For Beached Freighter Off English Coast

The abandoned British cargo ship MSC Napoli in the English channel during a heavy storm, 19 January

The 3,500 tonnes of fuel in the tanks of a British container ship beached off the southeast coast of England is the "main concern" of coastguard officials hoping to avert a long-term environmental disaster. Paul Coley, a coastguard spokesman, told AFP that authorities would begin cleaning up the 200 tonnes or so of fuel that had already leaked out into the sea at first light on Monday. "It's the main concern. It's very difficult to control -- for the moment, the fuel is still in the tanks" of the MSC Napoli, which ran aground off the coast of Branscombe, Devon, said Coley late on Sunday. "If it stays there, it is easy to remove." "We hope to start tomorrow (Monday), probably with the first light. That depends on the weather. That should last a couple days," he said. Coley said that early attempts to remove the oil leaking from the ship had failed on Sunday. The oil is dispersed over an eight kilometre (five mile) by half a kilometre area of sea, and the coastguard said that … [Read more...]

UN General Assembly condemns US sanctions on Cuba

Cuba's Foreign Minister Bruno Rodriguez Parrilla addresses the 69th United Nations General Assembly at the U.N. headquarters in New York. (Photo: Reuters)

(VOVworld) - 188 over 193 members of the UN General Assembly voted on Tuesday for a resolution condemning the decades-long US economic sanctions against Cuba. This has been the 23rd time UN members overwhelmingly back the resolution titled "Necessity of Ending the Economic, Commercial and Financial Embargo imposed by the United States of America against Cuba, submitted by the Cuban government every year. The only countries that voted against the declaration were the US and Israel while the Pacific island nations of Palau, Marshall Islands, and Micronesia abstained. The General Assembly's non-biding vote reflects UN members' view over the matter so Washington still remains its sanctions against Havan. … [Read more...]

Stronger private sector ties can boost SOE performance in PNG

(CPV) - Engaging the private sector through public-private partnerships and privatization can improve the performance and service delivery of state-owned enterprises (SOEs), according to a new ADB report.Finding Balance 2014: Benchmarking the Performance of State-Owned Enterprises in Island Countries, is launched in PNG on October 23rd 2014 hosted by the Port Moresby Chamber of Commerce. It was produced by the Pacific Private Sector Development Initiative (PSDI), a regional technical assistance facility, cofinanced by the governments of Australia and New Zealand, and ADB. "When SOEs operate commercially, they reduce the costs of doing business, create opportunities for private investment, and improve basic service delivery," said Andrea Iffland, Regional Director of ADB's Pacific Liaison and Coordination Office in Sydney. "Finding Balance 2014 shows the importance of increased private sector engagement in implementing these reforms." The report shows that while the average return on … [Read more...]

China and Indian leaders said to skip UN climate summit

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India's Prime Minister Narendra Modi (L) and China's President Xi Jinping shake hands before the family photo of the BRICS-UNASUR Summit in Brasilia, Brasil on July 16, 2014. … [Read more...]

UN climate chief says ‘door closing’ on warming fix

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WELLINGTON, Sept 2 - UN climate change chief Christiana Figueres on Tuesday warned time was running out for meaningful action on global warming, citing the plight of low-lying Pacific nations facing ever rising seas. … [Read more...]

Private sector engagement boosts performance of state-owned enterprises

(CPV) - Engaging the private sector through public-private partnerships and privatization improves the performance and service delivery of state-owned enterprises (SOEs), according to a new report by ADB. Finding Balance 2014: Benchmarking the Performance of State-Owned Enterprises in Island Countries, was launched by ADB Vice-President Stephen Groff in Apia, Samoa, ahead of the Third International Conference on Small Island Developing States, which opens tomorrow. It was produced by the Pacific Private Sector Development Initiative (PSDI), a regional technical assistance facility cofinanced by the Government of Australia, the New Zealand Government, and ADB. "The study reflects ADB's ongoing commitment to economic development in our member countries, an important element of which is continued thought leadership on SOE reforms," said ADB Vice-President Stephen Groff, at the report's launch. "Reforming the SOE sector is vital as it improves basic service delivery, reduces the costs of … [Read more...]

ADB opens office in Palau to boost development coordination

(CPV) - ADB Vice-President Bruce Davis together with Palau's Finance Minister and ADB Governor Elbuchel Sadang opened a new ADB Development Coordination Office for Palau on August 1st 2014. "The new office will boost ADB's responsiveness to the development needs of Palau," said Mr. Davis. "We look forward to continuing our strong working relationship with the government, particularly in the areas of delivering safe water and sanitation, private sector development, improving public sector effectiveness, and managing the threat of climate change." The opening took place during the 45thPacific Island Forum Leaders Meeting to which the Vice-President is leading an ADB delegation. ADB is attending the meeting in Koror as an observer. "This office opening is the beginning of much deeper engagement between Palau and ADB," said Mr. Sadang at the opening event. "Together we can more rapidly respond to the development needs of the people of Palau." The ADB Development Coordination Office for … [Read more...]

ADB to invest USD228 million in energy projects in Pacific for 2015-2017

(CPV) - ADB will invest USD228 million in energy projects in the Pacific in the next 3 years to help the region reduce its heavy reliance on fossil fuels and support more sustainable and environmentally friendly growth, according to its new Pacific Energy Update 2014. "ADB's energy strategy in the Pacific is focused on assisting Pacific governments with projects that will build greater energy security and sustainability in the region," said Mike Trainor, ADB's Pacific Energy Specialist and lead author of the report. The report says that between 2005 and 2030, demand for electricity in the Pacific region is expected to grow by 7% annually, above the growth of electricity generation at 6.4% annually. Pacific countries will likely remain dependent on expensive imported fossil fuels as the dominant source of electricity until 2030. But the region is making increasing progress in developing renewable energy alternative, and boosting energy efficiency, the report adds. In the last 4 … [Read more...]

Waste management schemes helping boost public health in Pacific

(CPV) - Innovative solid waste management systems being pioneered in the Pacific are helping to boost public health and environmental preservation, according to a new publication series from ADB. The brochure series analyzes and identifies solid waste management practices and challenges in the ADB's 14 developing member countries in the Pacific. The brochure series provides a country snapshot of the management, financing, technology and institutional arrangements involved in solid waste management and offers policy recommendations. "In the face of urbanization and rising consumption levels, the Pacific is struggling to manage growing volumes of solid waste," said Allison Woodruff, an ADB Urban Development Specialist. "No one country has perfected their own solid waste system, but there are some success stories we share in the publication series." Most local councils in the Pacific struggle to finance solid waste collection services, and some countries have piloted user pay systems. … [Read more...]