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PostHeaderIcon CMA, UASC, HJ, CSCL halt China-Red Sea REX3/ARC2, CMA CGM, UASC, Hanjin and CSCL.

TWO Chinese, Malaysian and Red Sea loops will come to an end this week, CMA CGM, UASC, Hanjin and CSCL, according to Blue Water Reporting.
The last voyage of the REX3/ARC2 was on February 24 with the sailing of the 4,545-TEU Hanjin Mundra from Ningbo, according to all of the vessel operators' most recent online service schedule.
The rotation is Ningbo, Xiamen, Shenzhen-Yantian, Shenzhen-Shekou, Port Kelang, Djibouti, Jeddah, Port Sudan, Djibouti, Port Kelang and back to Ningbo.
According to ocean carrier schedule and capacity database BlueWater Reporting, the REX3/ARC2 operates with seven vessels with an average vessel capacity of 5,040 TEU. Yang Ming and CMA CGM's subsidiary lines ANL and Delmas purchase slot purchasers.
Although the REX3/ARC2 is ending, transits between Asia and Port Sudan in both directions are provided by Maersk Line's Horn of Africa service, according to BlueWater Reporting.
Transits from Asia to Djibouti are provided by the Ocean3 Alliance's MEX while transits between Asia and Djibouti in both directions are offered by Maersk Line's Horn of Africa, and PIL and APL's RSS/REX.
The Horn of Africa and the RSS/REX, in addition to several other services, also offer transits between Asia and Jeddah.

 

PostHeaderIcon UASC's sixth 'greenest' 18,800-TEUer makes maiden call at Jeddah

DESCRIBED by UASC owners as the "world's greenest ultra-large container vessel, the 18,800-TEU Al Nefud made her maiden call at Sea Gateway Terminal (RSGT) at Jeddah.

The vessel is the sixth ship of this size that the United Arab Shipping Company has taken into its fleet.

"The arrival of Al Nefud at Jeddah Islamic Port is yet another significant milestone in the port's track-record of achievements and an indicator of the increasing importance of the port and KSA [Kingdom of Saudi Arabia] in the shipping industry," said UASC chairman Nabeel Al-Amudi, also president of the Saudi Ports Authority.

The Al Nefud, and her sister ships the Barzan, Al Muraykh, Al Zubara, Al Dahna and the Tihama, are considered the world's greenest due to their environmental technology.

Said UASC chief operating officer Waleed Al Dawood: "UASC is very proud of its strong ties with KSA. KSA has been one of UASC's key shareholding nations and the kingdom provided significant support since its establishment in 1976."

 

PostHeaderIcon UASC resumes shipping services to Iran after lifting of Western sanctions

UASC resumes shipping services to Iran after lifting of Western sanctions

THE United Arab Shipping Company is resuming services to Iran following the lifting of Western sanctions that have removed international oil export prohibitions as well as restrictions on banking, insurance and shipping.

UASC, which suspended all Iran business in April 2013, said it would initially service Iran using smaller feeder ships via third parties that shipped containers to Iran from the United Arab Emirates.

It aimed to resume direct calls as soon as possible. UASC said prior to cutting ties, the Iranian market represented two to three per cent of the group's overall business.

Kuwait-headquartered UASC told Reuters it had "started accepting shipments to and from Iran."

"It is important to note that a number of sanctions are still in place, therefore, the ability to accept cargo to/from Iran will continue to be based on UASC's strict internal compliance check, which is in line with the international laws and applicable sanctions," it said in a statement.

With US sanctions still in place, which exclude US individuals, banks and insurers from trading with Iran, shipping and marine insurance sources say many foreign companies are likely to tread carefully.

UASC, founded in 1976 and with corporate offices in Dubai, is owned by the governments of the UAE, Bahrain, Saudi Arabia, Kuwait, Qatar and Iraq. As the two biggest shareholders, Qatar holds a 51 per cent and Saudi Arabia has 35 per cent.

Saudi Arabia cut relations with Shi'ite Iran earlier this month. The crisis erupted when Saudi Arabia executed a Shi'ite cleric on January 2 and Iranian protesters retaliated by storming and setting fire to the Saudi embassy in Tehran. In solidarity with Riyadh, Kuwait and Qatar pulled out their ambassadors from Tehran, and the UAE downgraded its ties.

A source close to UASC said it was business as usual despite the tensions. "Whatever makes sense commercially and whatever benefits customers are a priority. That is how UASC looks at this matter," the source was quoted as saying. "Qatar and Saudi being the largest shareholders in UASC clearly do not impact its commercial activities."

 

PostHeaderIcon UASC sets record load of 18,601-TEU on board 18,800-TEU Al Muraykh

DUBAI's United Arab Shipping Company (UASC) has achieved a record breaking load of 18,601 TEU, 98.9 per cent capacity aboard the 18,800-TEU Al Muraykh, one of the world's three greenest vessels.


UASC sets record load of 18,601-TEU on board 18,800-TEU Al Muraykh

DUBAI's United Arab Shipping Company (UASC) has achieved a record breaking load of 18,601 TEU, 98.9 per cent capacity aboard the 18,800-TEU Al Muraykh, one of the world's three greenest vessels.

The ultra-large container vessel departed Port Klang in Malaysia bound for Felixstowe as part of AEC1 service carrying 18,601 TEU. 

"This unprecedented westbound shipment has decreased the CO2 output per TEU. It is set to be more than 60 per cent lower if the same containers were shipped on board a 13,500-TEU ship," the company said.

The containers on board were loaded by the shipping line and its partners in the Ocean Three alliance, which comprises CMA CGM, CSCL and UASC.

 

PostHeaderIcon Capacity cuts fail to reverse slump in freight rates

THE drastic capacity cuts in the containership industry, which have resulted in the size of the idle global containership fleet hitting a five-year high with one million TEU, has failed to tackle the problem of slumping freight rates.
Capacity cuts fail to reverse slump in freight rates

THE drastic capacity cuts in the containership industry, which have resulted in the size of the idle global containership fleet hitting a five-year high with one million TEU, has failed to tackle the problem of slumping freight rates.

In an effort to restore the balance between supply and demand shipping lines have been removing capacity on most of the main trade routes, with the Asia to Europe trade lane seeing the most drastic cuts.

Of the 21 strings operated by the four main carrier alliances in the Far East to North Europe trade, two have been removed by the 'Ocean 3' and 2M alliances. The G6 and CKYHE have removed nine and five sailings respectively in November and December, the Hellenic Shipping News reported quoting data from Alphaliner.

The drastic capacity cuts, however, have been insufficient to reverse the slump in freight rates. Spot rates from Shanghai to North Europe declined to US$409 per TEU last week according to the SCFI. Furthermore, shipping lines have not managed to retain most of the rate gains from the November 1 general rate increase (GRI), which ranged from $750 to $1,200 per TEU.

Despite cutting the number of weekly sailings by 3.8 strings in the fourth quarter, the capacity reduction on the Far East to North Europe route is only one per cent lower year on year.

The average size of ships deployed on this trade has risen from 12,000 TEU a year ago to 14,000 TEU at present. Last year, only one container line service offered a weekly capacity in excess of 17,000 TEU, now there are four such strings on the Asia to Europe trade lane.

 
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