Category: Shipping

Economy needs SEA

The 12th National Maritime Conference starts today in Rostock-Warnemünde This year's 12th National Maritime Conference (NMK) will be broadcast digitally from the port of Rostock-Warnemünde for the first time today and tomorrow. Federal Minister Altmaier explains: "The maritime industry is one of the main pillars of Germany as a business location and is of enormous importance for an export nation. The industry is currently being hit hard by coronavirus, but we also see the crisis as an opportunity. Climate protection and digitalisation are challenges, but they are also an incentive and the key to competitiveness in the future. We have already achieved a lot in the past two years: with the promotion of hydrogen, the introduction...

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120 successes

The minesweepers were active in the eastern Baltic Sea for a fortnight and the Open Spirit 2021 exercise ended yesterday. With great success, as more than 120 mines and other ammunition remnants were detected and rendered harmless. A total of 21 boats from eleven nations took part in the exercise to remove contaminated sites from the First and Second World Wars. The boats of the Standing NATO Mine Countermeasures Group 1 (SNMCMG 1) were also involved. Under the command of Dutch frigate captain Jan Wijchers on the Belgian Godetia were the Belgian Crocus, the Estonian Ugandi, the Dutch Zierikzee, the British Pembroke and the German Navy's Sulzbach-Rosenberg....

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Mysterious incidents off the coast of the UAE

According to reports from pro-Iranian media and an Israeli television station on Tuesday, 13 April, a merchant ship was attacked off the coast of the United Arab Emirates. It is said to be the Hyperion Ray, a vehicle transporter built in 2015, 200 metres long and 36 metres wide, which sails for the Ray Car Carrier shipping company. The ship was en route from Mina Al Ahmadi in Kuwait to the United Arab Emirates. At around midday on 13 April (around seven o'clock CET), the Hyperion Ray reported suspicious ship movements in its immediate vicinity. Satellite images show a larger cargo ship, which according to reports the Hyperion Ray was carrying...

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Order boxes

While parts of the German economy will probably have to undergo an even stricter lockdown, imports and exports are booming. Container transport on the route from South East Asia to Europe is in particularly high demand. As a result, the ships deployed here are almost fully booked and freight rates for containers have multiplied in some cases. Another problem is that containers are currently not available in sufficient numbers in Asia, which is also due to the fact that significantly fewer goods are exported from Europe than producers ship in the opposite direction. The boxes are therefore sometimes returned with a long delay and then end up in the wrong place.

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Hapag-Lloyd shines

Hapag-Lloyd, Germany's largest shipping company and number five in the global ranking of liner shipping companies, has received a strong tailwind from the coronavirus pandemic and was able to present a significantly improved result compared to the previous year. According to preliminary figures, earnings before interest and taxes (EBIT) rose to around 1.3 billion euros. This includes one-off expenses totalling around 120 million euros. The increase in freight rates by an average of almost USD 50 per TEU compared to 2019 due to high demand and lower bunker prices played an important role in the good result. However, cost savings of around 500 million euros also had an impact.

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