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CMA CGM launches 3 new weekly Asia-Latin America services from April 4
Monday, 12 March 2018 02:24

FRENCH shipping giant CMA CGM has announced that starting April 4 there will be three new weekly services between Asia, Mexico and the west coast of South America in a partnership with Cosco and Evergreen.

This comes in conjunction with existing CMA CGM services, and will provide expanded port coverage with 10 ports in Asia, three ports in Mexico and four ports in South America, among the largest on the west coast, reduces transit times, for producers of perishable reefer cargo.

Specifically, there will be the ACSA 1 service rotating through Kaohsiung, Hong Kong, Shenzhen-Shekou, Ningbo, Shanghai, Busan, Manzanillo, Lazaro Cardenas, Buenaventura, San Antonio, Callao, Lazaro Cardenas, Manzanillo, Yokohama, Busan and Kaohsiung.

This provides connections with AZTECA and INCA weekly services of the CMA CGM to serve Central America and Northern Chile. The EA service is designed for reefer transport of fresh fruit and perishable goods to Asia.

Then there is the ACSA 2 service that rotates through Xiamen, Shenzhen-Yantian, Shanghai, Qingdao, Busan, Ensenada, Manzanillo, Callao, San Antonio, Lirquen, Manzanillo, Shanghai and Xiamen. This provides connections with CMA CGM's INCA service, designed for the transportation of wood and pulp from southern Chile to Asia.

And finally the ACSA 3 service that rotates through Hong Kong, Shenzhen-Yantian, Kaohsiung, Ningbo, Shanghai, Manzanillo, Buenaventura, Callao, San Antonio and back to Hong Kong with connection to the INCA service, designed for reefer cargo of fresh fruits and perishables to Asia

 
GPA: 10M-TEU capacity in 10 years
Wednesday, 07 March 2018 02:45

Savannah Harbor deepening reaching midway point

At the 50th annual Georgia Foreign Trade Conference Monday, GPA Executive Director Griff Lynch reviewed the strategic plan for Georgia's ports that will allow for 10 million twenty-foot equivalent container units, 1 million rail lifts, and more than 1 million auto and machinery units per year.

 "Georgia is home to both the single largest container and roll-on/roll-off facilities in North America," Lynch said. "Our goal is to maximize capacity, create jobs and reduce impact on our local communities."

 Lynch provided an overview of GPA's 2028 Plan that calls for 42 ship-to-shore cranes, 200 yard cranes, new RTG lanes and significant intermodal expansion in Savannah. The GPA will soon open its second inland terminal in Northwest Georgia and break ground on the Mason Mega Rail project at Garden City Terminal. Combined, both intermodal projects will open new markets while significantly reducing rail crossings and over the road freight through Savannah, Atlanta and beyond.

 "We have come to an exciting turning point," said Georgia Ports Authority Board Chairman Jimmy Allgood. "Georgia's business-friendly environment, led by Gov. Nathan Deal, coupled with statewide infrastructure investments, have set the stage for new business, new jobs and additional trade through the ports of Savannah and Brunswick."

 Since Gov. Deal was first elected in 2010, trade through Georgia's ports has grown from 2.8 million TEUs to more than 4 million TEUs in 2017. Ro/Ro cargo has expanded from 411,000 units per year to more than 640,000 units, and cargo crossing all docks has grown from 25 million tons in 2010 to 35 million tons in 2017.

"Under the governor's leadership, Georgia and the GPA have made incredible strides to prepare for the evolving demands of global trade," Allgood said.

 Lynch announced that Savannah's outer harbor dredging will be finished in March, bringing the Savannah Harbor Expansion Project to 50 percent completion. Deepening the inner harbor should be complete by late 2021, allowing Neo-Panamax vessels to take on more cargo and transit the river with greater scheduling flexibility.

 "With the project moving forward, the fiscal argument for the Savannah Harbor deepening grows stronger and stronger as more customers choose Georgia as a gateway to serve the Southeast," Lynch said. "The ability for these ships to take on heavier export loads will mean greater efficiency and lower costs for American producers."

 At the Port of Brunswick, the GPA is well on its way to developing an annual capacity of 1.4 million vehicles. In just the past year, the GPA has spent $25 million to increase roll on/roll off space, and plans to spend another $20 million in the next 18 months to grow and attract additional auto business to Georgia.

 

The GPA plan includes three elements for success - space, infrastructure and connectivity. To accommodate additional warehousing, the Authority has opened five parcels of land at its Savannah International Trade Park for private development. Only five miles from Garden City Terminal, the site is quickly expanding to add up to 5 million additional square feet of distribution space on five 100-acre parcels.

Deal: Savannah Harbor Expansion Project on schedule, reaches crucial milestone

Completion of outer harbor dredging marks SHEP midpoint

Gov. Nathan Deal today announced that the U.S. Army Corps of Engineers has completed outer harbor dredging at the Port of Savannah, marking the midpoint of the Savannah Harbor Expansion Project (SHEP).

"The completion of outer harbor dredging marks the midpoint for SHEP and represents a crucial milestone for the Savannah community, the State of Georgia and the nation as a whole," said Deal. "The Port of Savannah is already the second busiest port in the nation for exports and the timely completion of this project will be a major step forward for our nation's infrastructure. To ensure that SHEP remains on schedule, my FY 2018 budget proposal calls for $35 million in additional support for the project.

"Deepening the port, along with other investments to create the nation's strongest statewide logistics network, will make American exports more competitive abroad and benefit businesses in every corner of the state. Georgia is currently investing $1 billion per year in transportation projects to widen interstates, add truck-only lanes and improve trucking routes between ports and interstates so that cargo may move across our state and the Southeast faster, without adding to traffic congestion. Just as we have been ranked the top state in which to do business for five consecutive years, Georgia will continue to make investments that will help us lead the way in transporting goods to the global marketplace."

SHEP recently received $49 million in President Trump's FY 2018 budget request to Congress. Georgia's congressional delegation is working to increase funding to $100 million per year, the amount needed to complete the project in a timely manner.

A study by the Corps of Engineers estimates that once the project is complete, the deepening of the harbor will result in a net benefit of $282 million in transportation savings for shippers and consumers per year. According to the Corps' benefit-to-cost ratio, each dollar spent on construction will yield $7.30 in net benefits to the nation's economy.

"From a business perspective, any time you can find an opportunity where every dollar delivers that kind of return, it's an investment worth making," said Georgia Ports Authority (GPA) Board Chairman Jimmy Allgood. "That's a massive benefit for taxpayers, unmatched by any other maritime infrastructure project in the country."

Over the next 10 years, GPA will invest approximately $2 billion in new cranes and terminal infrastructure to handle expanding cargo volumes.

"In Georgia, we're making the investments necessary to support U.S. producers well into the future," said GPA Executive Director Griff Lynch. "Similarly, the Savannah Harbor Expansion Project is crucial to keep U.S.-made products competitive globally, because the heavier goods require deeper draft to take advantage of cost savings from Neo-Panamax vessels."

Deepening the harbor will allow Neo-Panamax vessels to take on heavier loads and transit the Savannah River with greater scheduling flexibility. Larger vessels also burn less fuel than multiple smaller ships, allowing for additional cost savings by using larger vessels. By reducing transportation expenses for American producers, the larger, more efficient ships reduce the cost of delivering goods to foreign markets.

The first half of the project deepened the outer harbor to 49 feet at low tide (56 feet at high tide). The inner harbor channel will be expanded from its current low-tide depth, 42 feet, to 47 feet (54 feet at high tide).

Impact of Georgia's ports

Business conducted via Georgia's ports generates $4.5 billion in federal taxes annually, according to an economic impact study conducted by the University of Georgia's Terry College of Business. The Port of Savannah is the fastest-growing container port in the U.S. and the fourth busiest, behind only Los Angeles, Long Beach and New York-New Jersey.

The statewide economic impact of Georgia's deepwater ports includes:

  • $84.1 billion in sales (9.6 percent of Georgia's total sales)
  • $33.2 billion in state gross domestic product (7.2 percent of Georgia's total GDP)
  • $20.4 billion in income (5.3 percent of Georgia's total personal income)
  • 370,000 full-time and part-time jobs (8.4 percent of Georgia's total employment)
  • $4.5 billion in federal taxes
  • $1.3 billion in state taxes
  • $1 billion in local taxes.

Jen Talaber Ryan

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John Vaughan

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Đặng Thị Kim Tuyến ( Jenny)

GPA Sales Representative, Vietnam.

WILHELMSEN SUNNYTRANS CO.,LTD.

R.1608-09, MapleTree Business Center

No. 1060, Nguyen Van Linh Street

Tan Phong Ward, District 7

Ho Chi Minh City, Vietnam

Tel: (84-28) 36207518   MB: + 84 909599078

Fax: (84-28) 36207519

Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 
Gemadept to pay 80% dividend
Monday, 05 March 2018 02:41

Gemadept Corporation – a logistics firm - plans to make an 80% dividend payout rate, equal to VND8,000 (US$35 cents) per share, if its plan gets approved by the HCM Stock Exchange on February 26.

Gemadept Corp general director Do Van Minh told local media that the dividend payout rate included a 15% rate that was approved by the company shareholders at its general meeting in 2017.

The remaining part of the dividend payout rate is 65%, which was generated from Gemadept’s selling of its stake in its two subsidiaries – Gemadept Shipping Holding Co LTd and Gemadept Logistics Holding Co Ltd – to the Korean business CJ Logistics, Minh said.

The Gemadept Corporation had previously offloaded half of its ownership in those two sub-units to CJ Logistics Hong Kong, holding 51% in the former company and 49.1% in the latter one.

The two sub-units were re-named to CJ-Gemadept Shipping Holdings Co Ltd and CJ-Gemadept Logistics Holdings Co Ltd.

The Gemadept Corporation is listed on the HCM Stock Exchange with code GMD, having increased by total 10.3% since February 8 to close February 23 at VND42,800 per share.

 
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