Connect with us

Container Shipping Lines

COSCO SHIPPING started shipment of COFCO’s first imported chilled pork

Published

on

COSCO SHIPPING started shipment of COFCO’s first imported chilled pork. Image: COSCO SHIPPING
Listen to the story (FreightComms AudioPost)

On March 12, local time in Canada, M.V. Xin Los Angeles owned by COSCO SHIPPING carrying 9,572 TEU departed from the Canadian Port of Vancouver, which marked the start of shipment of the first batch of chilled pork urgently purchased by COFCO from Canada to support epidemic prevention and control in Wuhan.

Distributed in forty 40-feet high cube reefer containers, the pork was the first batch of fresh non-staple food imported by COFCO from Canada. As an important logistics service provider of COFCO for helping ensure daily supplies in the affected area, COSCO SHIPPING will provide it with cold-chain transportation service of 4-5 containers every week. The pork was delivered from the southern Canadian province of Manitoba, an important pork production and processing area in Canada or even North America which is about 2,300 km from Vancouver, the nearest port on the east coast of the Pacific.

After receiving the task, COSCO SHIPPING Lines worked with its North America branch and actively contacted with local shippers to understand their shipping plan and container demand. They straightened out the service process and carried out strict process control in inland transport, warehousing and loading with various parties, ensuring the successful shipment of the pork.

Upon the expected arrival of M.V. Xin Los Angeles in Shanghai on March 27, COSCO SHIPPING will provide door-to-door logistics service by carrying the pork to the Wuhan railway freight station through sea-rail intermodal transport and arranging trailers to carry it to a Wuhan repository. These measures, which ensure the timely supply of fresh food to people in Wuhan, provide a strong guarantee for the fight against the epidemic.

Container Shipping Lines

CMA CGM launches SEAPRIORITY Go, a new solution in the CMA CGM+ portfolio that guarantees priority transportation of goods

Published

on

By

CMA CGM launches SEAPRIORITY Go, a new solution in the CMA CGM+ portfolio that guarantees priority transportation of goods. Image: CMA CGM
Listen to the story (FreightComms AudioPost)

The CMA CGM Group, a world leader in shipping and logistics, is launching SEAPRIORITY Go, a new high value-added service within the CMA CGM+ range of solutions designed to meet the needs of its customers.

SEAPRIORITY Go: a new solution that offers priority boarding for goods during the loading process

SEAPRIORITY Go provides customers exclusive treatment: their goods will be given priority whether it be for container allocation or loading on board. Part of the BOOST category under the CMA CGM+ umbrella, this new solution helps to expand our customers’ business, even when demand is strong, giving them more agility, flexibility and protection.

Available on all major CMA CGM trades

SEAPRIORITY Go will be offered for all shipments on major trades operated by CMA CGM effective March 27th, 2020. It will be available online on My CMA CGM (www.cma-cgm.com) as of this same date.

CMA CGM+: products tailored to specific needs  

In line with its Customer Centricity strategy, CMA CGM launched CMA CGM+, a range of solutions that complement its conventional maritime transport and logistics services. Equipped with this comprehensive range of products and services, the Group is able to provide customised solutions to meet all customer expectations: whether they wish to protect their cargo or grow their business, CMA CGM+ is specifically designed to meet their needs.

Continue Reading

Container Shipping Lines

CMA CGM completes a first transaction relating to the sale of eight port terminals to Terminal Link for USD 815 million in cash

Published

on

By

CMA CGM completes a first transaction relating to the sale of eight port terminals to Terminal Link for USD 815 million in cash. Image: Pixabay
Listen to the story (FreightComms AudioPost)

The CMA CGM Group, a world leader in shipping and logistics, announces today the first closing of its agreement with China Merchants Port (CMP), with the sale of its stakes in eight port terminals to Terminal Link. Terminal Link joint venture was created in 2013 and is 51% owned by CMA CGM and 49% by CMP.

In line with the terms and conditions of the agreement announced on 20th December 2019 this first transaction represents a total all-cash consideration of USD 815 million. It will enable Terminal Link to expand its geographic footprint and global network, thereby enhancing its business development prospects.

This initial disposal includes the following terminals:

  • Odessa Terminal (Ukraine)
  • CMA CGM PSA Lion Terminal (CPLT), Singapore
  • Kingston Freeport Terminal (Jamaica)
  • Rotterdam World Gateway (Netherlands)
  • Qingdao Qianwan United Advance Container Terminal (China)
  • Vietnam International Container Terminal, Ho Chi Minh City (Vietnam)
  • Laem Chabang International Terminal (Thailand)
  • Umm Qasr Terminal (Iraq)

The sale of the last two terminals covered by the agreement between CMA CGM and CMP should be completed by the end of first-half 2020 for an all-cash consideration over USD 150 million, pending approval by the competent regulatory agencies.

The CMA CGM Group reduces its debt and is proceeding with its liquidity plan

With this transaction, CMA CGM is proceeding with the delivery of its USD 2.1 billion liquidity plan announced on 25 th November 2019. This plan among others reduces CMA CGM consolidated debt by more than USD 1.3 billion by the end of first-half 2020 and allows to extend certain financing facilities maturing during the year.

The Group strengthens its balance sheet in the midst of the global health crisis

The CMA CGM Group strengthens its balance sheet amidst the high uncertainty created by the global Covid-19 health crisis. While the crisis has had a limited impact in the first quarter of 2020, the Group expects a decline in volumes, particularly outbound to Europe and the United States.

On this occasion, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, states:

This transaction, announced on the 20th of December 2019, is an important step in its 2.1 billion USD liquidity plan and will allow us to strengthen our balance sheet. Amid the high uncertainty created by the COVID-19 health crisis, the closing of this transaction as previously announced demonstrates the resilience of the CMA CGM Group.

Continue Reading

Container Shipping Lines

Swire Shipping strengthens commitment to the Asia Pacific region

Published

on

Swire Shipping strengthens commitment to the Asia Pacific region. Image: The China Navigation Company
Listen to the story (FreightComms AudioPost)

Swire Shipping today announced the entry into service of its first 2400TEU newbuild vessel, MV Changsha. The vessel will be deployed on Swire Shipping’s South East Asia to Papua New Guinea and Solomon Islands service. Despite the uniquely challenging period the world faces, this deployment looks towards a brighter future and shows Swire Shipping’s strong and continuing commitment to the region.

MV Changsha is part of a wider order book of eight feeder container vessels (four 2,400TEU vessels and four 2,750TEU vessels) scheduled for delivery in 2020. This series of vessels has been designed to accommodate the needs of the region’s customers.

These vessels are part of a fleet renewal programme which began in 2015. During this renewal programme, 14 vessels will have been disposed of in total. Eleven of these vessels will have been sustainably recycled at approved ship recycling facilities under the Hong Kong Convention. The remaining three were sold for onward trading. The new modern eco-designed vessels will help Swire Shipping provide sustainable and innovative shipping solutions for its customers. The eight newbuild container vessels will join a fleet that includes eight 31,000DWT/ 2,118TEU multipurpose vessels (“S Class”) and four 22,000DWT/ 1,627TEU multipurpose vessels (“Chief Class”) delivered between 2013 and 2015.

Keeping vital supply chains going

“Like many other companies, we are very concerned about the global situation over COVID-19. However, we are also cognisant that vital supply chains must remain open with as little disruption as possible. The economies and livelihoods of the Pacific region are heavily reliant on seaborne trade. Our purpose as a company is to enrich lives by connecting our customers with the communities of the Pacific. The addition of MV Changsha and the remaining newbuilding vessels will enable us to achieve this and show our long-term commitment to our customers and the region,” said Mr Jeremy Sutton, General Manager, Swire Shipping.

Swire Shipping, added Mr Sutton, is focused on serving its customers well. Its fleet renewal programme shows its continued commitment to providing safe and reliable shipping services to these customers. Additionally besides providing customers greater flexibility through a comprehensive suite of container, breakbulk and project cargo solutions, the newly-launched e-commerce site (www.swireshipping.com) also enables customers to quickly search for information, obtain a quote and make a booking. “We want to save our customers’ time. Speed to market is important to our customers, and we want to enable that,” said Mr Sutton.

Continue Reading

Popular

Copyright © 2017-18 | FreightComms | Made with ♥ in Singapore