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Saturday, July 6, 2019
John Dietrich, current executive vice president and COO, has been appointed as Mr Flynn's successor. Mr Dietrich will become president and COO effective immediately, and he will retain the role as president when he assumes the role of CEO on January 1, 2020.Additionally, Robert Agnew, current chairman of the board, will become the board's lead independent director, effective January 1, 2020, reports London's Air Cargo News.The company said that the transitions and appointments are the "culmination of a comprehensive succession process led by the board to ensure strong leadership continuity as the company continues to advance its strategic growth agenda".Commenting on Mr Dietrich's appointment, Mr Agnew said: "Given John's depth of experience and proven track record of performance, we are confident that he is uniquely suited to take on the Chief Executive Officer role and lead Atlas into its next growth phase."On behalf of the board, I want to thank Bill for his extraordinary leadership. He has built a company that is more dynamic, more profitable, and better-positioned to deliver continued success."Mr Dietrich, who joined the company 1999, has over 30 years of experience in the aviation and air cargo industries, including more than 20 with Atlas Air Worldwide. He has served in his current COO role since 2006."I am honoured to have been selected to lead this great company, and continue the strong momentum established under Bill's leadership," said Mr Dietrich.
Carriers are required to conduct these test runs to qualify for an AOC, with CLG first applying to the German Federal Aviation Authority for an operating licence towards the end of 2017, reported UK's The Loadstar.Some observers have questioned whether the carrier, owned by the same shareholder as Russia's Volga-Dnepr Group, would ever receive an AOC, with rumours surrounding its ownership and links to Russia. Lufthansa cargo chief executive Peter Gerber questioned who had ultimate control over the airline."I believe, for the moment, it is difficult to get an AOC because you need to be European, and it [the carrier] needs to be European-controlled," he told Air Cargo News."If it is a [Russia-based] AirBridgeCargo subsidiary, then that in itself contradicts the laws - if it is controlled by ABC it can't get an AOC. I'm pretty sure that the German authorities will look at this very thoroughly and do the right thing."However, the main shareholder, Alexei Isaykin, holds a Cypriot/EU passport and the airline is not a subsidiary of ABC or Volga-Dnepr.One source told The Loadstar the delays to CLG's AOC were not of a political nature."The LBA is very strict and very fair. They want to ensure that they don't make any mistakes. It's not political. But they are looking more carefully perhaps than normal."CLG's managing director Ulrich Ogiermann told CargoForwarder he believed the AOC was a "matter of weeks, not months" away."I can confirm we are well on track to launch our maiden flight in July, provided all regulatory approvals are obtained," he said.In anticipation of this, the carrier has reportedly recruited 15 captains and first officers to pilot its fleet of two Boeing 737-400s passenger conversions with a further three B737-400s scheduled for delivery in the coming months.
Founded in August 2006, IndiGo has grown to have an Indian market share of 49.9 per cent and now serves 55 domestic destinations and 18 international destinations via the 1,400 flights it operates on a daily basis with its fleet of 233 aircraft, reports London's Air Cargo News.Managing director of Globe Air Cargo Turkey, Nursel Guven, said: "IndiGo is an incredibly dynamic airline, and we're delighted to be able to contribute to its growth by representing the airline in Turkey. We are in total sync with IndiGo and, naturally, we will do all we can to develop the airline's cargo revenue, in particular via the interlinked network to which we belong."
Topaz has a fleet of 117 vessels serving the oil and gas industry, including anchor-handling tugs, platform and multi-purpose support vessels, emergency response and recovery vessels, module carrying vessels, crewboats, workboats, tugs and barges, reported American Shipper.DP World chief executive officer Sultan Ahmed Bin Sulayem said the acquisition complements the operations of the company's existing P&O Maritime Services business, which maintains 300 ships worldwide including oil and gas support vessels, tugs and pilot boats, cargo services vessels and research vessels.DP World said Topaz has "a particularly strong position in its core Caspian Sea market. The Caspian Sea is the largest inland body of water in the world and one of the most strategic oil basins. Long-term contracts and high barriers to entry characterise the basin, which holds approximately six per cent of global oil reserves".Topaz also has relationships with BP, Chevron, Dragon Oil, Dubai Petroleum, ExxonMobil and Tengizchevroil.
SEA\LNG chairman Peter Keller said: "The US has vastly increased its LNG export capacity since the industry really took flight in early 2016, inspiring development in LNG bunkering capabilities on the east and west coasts."The addition of the port of Virginia to the coalition marks the climbing interest in LNG as a commercially viable, environmentally sustainable fuel for US domestic and international shipping."As part of the port's pledge to deliver operational excellence and sustainable growth, it is currently undertaking a US$700 million expansion project to raise overall container capacity by 40 per cent, as well as increase lifting and docking capabilities across its six terminals.This March the port created a working group to examine the benefit and scalability of LNG bunkers for maritime trade.Virginia Port Authority CEO John Reinhart said: "Our industry is evolving and the issues of alternative marine fuels and ports reducing their carbon footprints are growing in their importance."LNG bunkering would represent a complimentary capability to our land and waterside assets and investments. SEA\LNG is a major player in leading the conversation about using LNG as a viable and sustainable marine fuel."The SEA\LNG coalition unites key players from across the LNG marine value chain to address the barriers to the adoption of LNG; advocating for collaboration, demonstration and communication on key areas such as regulation, emissions, infrastructure and the economic case, to provide the confidence and demand required for an efficient global LNG value chain for 2020 and beyond.LNG, in combination with efficiency measures being developed for new ships in response to the International Maritime Organization's Energy Efficiency Design Index (EEDI), will offer a way of meeting the IMO's target of a 40 per cent reduction in greenhouse gases by 2030 for international shipping.The coalition has 36 members, including the Vancouver Fraser Port Authority, port of Rotterdam, the Maritime and Port Authority of (MPA) Singapore, and Yokohama Kawasaki International Port Authority (YKIP).
Mediterranean Shipping Company (MSC) and CMA CGM are also members of TradeLens. That means that out of the top six largest container shipping lines worldwide only the fourth biggest Cosco Shipping is not a member of the platform that now counts half the globe's container shipping capacity in its membership, reported Seatrade Maritime News, Colchester, UK.Hapag-Lloyd's information technology managing director Martin Gnass was quoted as saying: "TradeLens has made significant progress in launching a much-needed transformation in the industry, including its partnership model."Now, with five of the world's six largest carriers committed to the platform, not to mention many other ecosystem participants, we can collectively accelerate that transformation to provide greater trust, transparency and collaboration across supply chains and help promote global trade."Singapore-headquartered and Japanese owned line ONE furthermore boosts TradeLen' position in the Asian market."We believe this innovative approach based on open standards and open governance can benefit the entire industry while ultimately benefitting our customers who rely on the world's shipping industry to transport global container volume of more than 120 million TEU across international borders each year," said ONE's innovation managing director Noriaki Yamaga.Hapag-Lloyd and ONE will both operate a blockchain node, act as trust anchors and become members of the TradeLens advisory board.Hapag-Lloyd has a containership capacity of 1.7 million TEU, while ONE has 1.55 million TEU.
According to Mr Skou, less than a quarter of the company's shipping clients hire it to transport goods from ports to warehouses and distribution centres.Maersk is targeting areas such as warehousing, supply chain management and customs brokerage to boost turnover, reported American Shipper.Mr Skou also said that the company is a big player in vertical markets such as retail but intends to broaden its role in the chemical and automotive industries.
The index published by the ocean freight rate benchmarking and market analytics platform currently stands 7.2 per cent up year on year, a company statement said.May saw an eye-catching 11.5 per cent rates hike, with US container rates for imports rising by 20 per cent. This reversed previous falls on the XSI that is compiled from crowd-sourced shipping data, covering 160,000 port-to-port pairings, with 110 million data points.Commenting on the results, Xeneta CEO Patrik Berglund said: "Although the XSI remains 5.4 per cent higher than at the end of 2018, we have seen it shed value in the mid- to long-term, falling by 7.2 per cent between July last year and April 2019. So there is an on-going downward trend, albeit one that can be spectacularly disrupted by swings in demand, as we saw in May. Whether that trend will continue is uncertain."As with May, US imports were the top performer in June, with a 2.7 per cent month-on-month increase in the benchmark. The US export figure dropped by 3.7 per cent. A similar pattern was seen in the Far East, as the import indices were up 2.5 per cent against a 1.4 per cent decrease in exports. Both import and export figures were down for Europe, by 1.7 per cent and 0.8 per cent respectively, however, the benchmarks remain higher than the 2018 year-end levels.Mr Berglund believes the China-US trade war is continuing to influence the market, with the potential for the front-loading of cargo to avoid the threat of new tariffs. In addition, upcoming peak season demand and the looming costs of IMO low sulphur compliance may boost short-term prospects for carriers.That said, weak spot rates on the Far East Asia-US corridor, aligned to developments such as the Ocean Alliance's plans to void voyages on its transpacific route owing to lack of demand, muddy the picture, making the outlook "too complex to call", he said.
The alert was issued on July 2 by the Ministry of Transport in a notification, according to documents seen by UK's Lloyd's List.An increase to Security Level 3 is an exceptional measure applied only when there is credible information that a security incident is probable or imminent. The ministry did not specify the reasons behind the increased alert level.An internal email alert from Cosco Shipping Energy Transportation suggested the threat was from Indonesian parties. The oil and gas shipping unit of state conglomerate China Cosco Shipping Group said it received information that "a certain Indonesian organisation is preparing to attack Chinese ships when passing through the Strait of Malacca".About a quarter of global trade is shipped through the Strait of Malacca, one of the busiest waterways in the world. It is also a strategically important choke point for Chinese oil imports from the Middle East Gulf region.Piracy has long been a threat to vessels plying the narrow, 900 km-long stretch of water, although the number of incidents appears to have dropped significantly in recent years.There had been a 92 per cent decrease in piracy and sea robbery incidents in the Strait of Malacca and Singapore in 2015-2018, according to a recent report by the Information Fusion Centre, a multi-national maritime security information centre based in Singapore.Dryad Global, a maritime security intelligence company, said in a statement: "The raising of the threat level for Chinese-flagged vessels has been unexpected, particularly as the regional dynamics within and surrounding the Malacca Strait are stable."Within the region, the nature of piracy has often been low level, and has involved the boarding of small barge craft for items such as scrap metal. It would therefore be a dramatic escalation were a Chinese vessel to be targeted, and there is currently no reporting to indicate that local groups involved in piracy possess the intent or capability to employ a new MO in this manner."The group said the last significant incident within the region was the Johor Port dispute between Malaysia and Singapore."However, there are no significant geopolitical tensions which would link logically with the increased Chinese threat level," it said. "It is likely that China is reacting to a specific threat known only to China."The move by the Chinese ministry would have limited immediate impact on freight rates as the number of China-flagged ships serving international trade is relatively small, said brokerage sources.However, rates might start to increase if the tensions heighten and more vessels are forced to make a detour.
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