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Displaying items by tag: 18,000 Containerships

#18,000containerships – According to LloydsList.com, French global containership giant, CMA CGM has joined the small group of container lines to produce good results in the third quarter, with a threefold increase in net profits to $201m as cargo volumes reached an all-time high.

Several other leading carriers lost money in the same period, the exception being Maersk, which outshone the rest of the industry.

Third-ranked CMA CGM achieved a return on invested capital of 8.2%, down from 10.3% a year earlier and below Maersk's 13.8%.

Consolidated turnover was 6.4% higher at $4.4bn, while cargo volumes rose 8.3% to 3.2m TEU. Average revenue per teu decreased by 1.8%.

The group, headed by founder and chairman Jacques Saadé, confirmed that the Ocean Three alliance with China Shipping and United Arab Shipping would launch in early 2015. The partnership was signed in September shortly after the P3 collaboration between Maersk, Mediterranean Shipping Co and CMA CGM was disbanded following rejection by the Chinese competition authorities.

Ocean Three has already been approved by the Federal Maritime Commission in Washington without a detailed review because of its low market share in the US trades.

CMA CGM said its third-quarter performance had been underpinned by steady growth in the Asia-Europe, intra-Asia and Oceania trades.

The line has also expanded in West Africa through its Delmas subsidiary and recently purchased 7,000 new reefer containers. The target is to carry 1m reefer containers in 2015.

Operating costs per teu have declined by 0.4%. Bunker consumption per TEU fell 3.4 % compared with the third quarter of 2013.

The line said this mainly reflected higher vessel utilisation, plus continued energy-efficiency efforts, including modification of bulbous bows. This change, implemented in dry dock, optimises the vessel design to the speeds operated under slow steaming.

Modifications have already been made to 15 vessels, with 10 more planned. This results in fuel and CO2 emission savings in excess of 5% per voyage, the company said.

For the nine-month period, the group's turnover came to $12.5bn, a 4.3% increase over the year. Cargo liftings rose 7.4% to 9.1m teu, and the core operating margin was stable at $638m.

Looking ahead, CMA CGM said it would be taking delivery of six 18,000 TEU vessels in 2015. These are upgrades in the size of six newbuildings under construction in China and South Korea.

Lloyd's List revealed earlier in the year that the specifications of a trio of ships being built at Shanghai Waigaoqiao Shipbuilding have been enlarged from 16,000 TEU to a nominal 17,700 TEU.

This will be the first time a non-South Korean shipyard will construct ships of this capacity. Another three are being built by Samsung Heavy Industries.

When the order for these was originally placed, the size was to be 12,600 TEU.

CMA CGM said the final quarter was likely to be characterised by the usual seasonal volumes slowdown, freight-rate volatility and lower bunker prices, but that its volume growth should nevertheless exceed that of the market as a whole.

For further news stories and much more visit: the Lloyds List website HERE.

 

Published in Ports & Shipping

Sharks in Irish waters

Irish waters are home to 71 species of shark, skates and rays, 58 of which have been studied in detail and listed on the Ireland Red List of Cartilaginous fish. Irish sharks range from small Sleeper sharks, Dogfish and Catsharks, to larger species like Frilled, Mackerel and Cow sharks, all the way to the second largest shark in the world, the Basking shark. 

Irish waters provide a refuge for an array of shark species. Tralee Bay, Co. Kerry provides a habitat for several rare and endangered sharks and their relatives, including the migratory tope shark, angel shark and undulate ray. This area is also the last European refuge for the extremely rare white skate. Through a European Maritime and Fisheries Fund (EMFF) project, Marine Institute scientists have been working with fishermen to assess the distribution, diversity, and monthly relative abundance of skates and rays in Tralee, Brandon and Dingle Bays.

“These areas off the southwest coast of Ireland are important internationally as they hold some of the last remaining refuges for angel shark and white skate,” said Dr Maurice Clarke of the Marine Institute. “This EMFF project has provided data confirming the critically endangered status of some species and provides up-to-date information for the development of fishery measures to eliminate by-catch.” 

Irish waters are also home to the Black Mouthed Catshark, Galeus melastomus, one of Ireland’s smallest shark species which can be found in the deep sea along the continental shelf. In 2018, Irish scientists discovered a very rare shark-nursery 200 nautical miles off the west coast by the Marine Institute’s ROV Holland 1 on a shelf sloping to 750 metres deep. 

There are two ways that sharks are born, either as live young or from egg casings. In the ‘case’ of Black Mouthed Catsharks, the nursery discovered in 2018, was notable by the abundance of egg casings or ‘mermaid’s purses’. Many sharks, rays and skate lay eggs, the cases of which often wash ashore. If you find an egg casing along the seashore, take a photo for Purse Search Ireland, a citizen science project focusing on monitoring the shark, ray and skate species around Ireland.

Another species also found by Irish scientists using the ROV Holland 1 in 2018 was a very rare type of dogfish, the Sail Fin Rough Shark, Oxynotus paradoxus. These sharks are named after their long fins which resemble the trailing sails of a boat, and live in the deep sea in waters up to 750m deep. Like all sharks, skates and rays, they have no bones. Their skeleton is composed of cartilage, much like what our noses and ears are made from! This material is much more flexible and lighter than bone which is perfect for these animals living without the weight of gravity.

Throughout history sharks have been portrayed as the monsters of the sea, a concept that science is continuously debunking. Basking sharks were named in 1765 as Cetorhinus maximus, roughly translated to the ‘big-nosed sea monster’. Basking sharks are filter feeders, often swimming with their mouths agape, they filter plankton from the water.

They are very slow moving and like to bask in the sun in shallow water and are often seen in Irish waters around Spring and early Summer. To help understand the migration of these animals to be better able to understand and conserve these species, the Irish Basking Shark Group have tagged and mapped their travels.

Remarkably, many sharks like the Angel Shark, Squatina squatina have the ability to sense electricity. They do this via small pores in their skin called the ‘Ampullae of Lorenzini’ which are able to detect the tiny electrical impulses of a fish breathing, moving or even its heartbeat from distances of over a kilometre! Angel sharks, often referred to as Monkfish have a distinctively angelic shape, with flattened, large fins appearing like the wings of an angel. They live on the seafloor in the coastal waters of Ireland and much like a cat are nocturnal, primarily active at night.

The intricate complexity of shark adaptations is particularly noticeable in the texture of their skin. Composed of miniscule, perfectly shaped overlapping scales, the skin of shark provides them with protection. Often shark scales have been compared to teeth due to their hard enamel structure. They are strong, but also due to their intricate shape, these scales reduce drag and allow water to glide past them so that the shark can swim more effortlessly and silently. This natural flawless design has been used as inspiration for new neoprene fabric designs to help swimmers glide through the water. Although all sharks have this feature, the Leafscale Gulper Shark, Centrophorus squamosus, found in Ireland are specifically named due to the ornate leaf-shape of their scales.