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CMA CGM introduces simplified, digital spot pricing

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CMA CGM introduces simplified, digital spot pricing. Image: CMA CGM
CMA CGM introduces simplified, digital spot pricing. Image: CMA CGM
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The CMA CGM Group, a world leader in shipping and logistics, is announcing a switchover in its spot pricing to a fully digital, instant and dynamic process. The Group is accelerating efforts to innovate and digitalize the sector, adapting constantly to meet its customers’ needs. As a result, they will benefit from greater agility in the face of a rapidly changing market and enjoy a smooth and intuitive experience. This latest step fits perfectly with the CMA CGM Group’s vision of reinventing shipping and logistics as reflected by its new Better Ways corporate tagline.

The CMA CGM Group’s pricing specialists now have the latest data analytics tools and capabilities at their fingertips, giving them greater visibility on demand levels. Harnessing their expertise, they can be even more responsive and better meet the needs of the Group’s customers.

An innovation homegrown in France and built on collaboration between CMA CGM and the Pricemoov start-up

Innovation is hard-wired into CMA CGM’s make-up, and the Group is working closely with its ecosystem of partners with complementary expertise to develop smarter, more secure solutions and deliver a smoother experience for users, be they customers or staff members.

The digital overhaul of CMA CGM’s pricing systems has been designed in conjunction with Pricemoov, a French start-up specialized in smart, dynamic pricing. The Group’s commitment to establishing French centers of excellence and applying French know-how around the world stands out in this collaborative venture bringing together the two French businesses’ combined shipping and logistics expertise, agility, cutting-edge technologies, and complementary perspectives and know-how.

SpotOn: an instant spot quote at a guaranteed price and priority space allocated on board the ship after booking

CMA CGM provides customers with access to the digitally-enhanced version of its spot pricing tool via SpotOn. This new entirely online product integrated with My CMA CGM simplifies the booking process and provides customers with an instant quote at a guaranteed price, plus priority access to the ship’s space as soon as the booking is confirmed.

SpotOn has already been available since July for all customers on CMA CGM’s and CNC’s shipping services on six trades: Asia–Europe, Mediterranean–Asia, Asia–East Coast of South America, Asia–West Africa, Indian sub-continent–Europe, Intra-Asia. Extension of this product to all the Group’s other trades and brands began on January 17 and will continue throughout the first six months of 2022. The new SpotOn online service is already popular among customers, accounting for over 60% of spot volumes, as it can instantly provide a quote for a given journey, with a transparent price that is guaranteed for 24 hours. Space on board the ship is then allocated on a priority basis as soon as the booking has been confirmed.

SpotOn also accelerates the booking process and gives customers priority status at the port of departure for container availability and loading.

Value-added services in the CMA CGM+ range can be accessed directly via SpotOn. Customers can sign up simply and rapidly and include them in their quote.

In particular, customers can opt for the ACT with CMA CGM+ services, a full range of solutions enabling them to reduce their environmental impact.

Olivier Nivoix, Group Executive Vice-President, Shipping, explained: “Accelerating innovation and digitalization is one of the key pillars of the CMA CGM Group’s strategy for meeting its customers’ needs by developing smarter, more secure solutions. This key digital transition in our pricing systems of shipping will provide our customers with greater flexibility so they can adapt to the rapid changes in the market, and it makes for a smoother user experience.”

 

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Container Shipping Lines

“K” Line enters into long term time charter contracts with QatarEnergy

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"K" Line enters into long term time charter contracts with QatarEnergy. Image: Unsplash
"K" Line enters into long term time charter contracts with QatarEnergy. Image: Unsplash
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Kawasaki Kisen Kaisha, Ltd. has announced that the execution of seven long term Time Charter contracts through joint venture companies with QatarEnergy.

The joint venture companies have concurrently executed Shipbuilding contracts for 174,000m3 LNG carriers with Hyundai Heavy Industries Co., Ltd. QatarEnergy is one of the world’s largest LNG producers and will allocate the newbuilding vessels to transport LNG around the world.

The newbuilding vessels will be equipped with X-DF 2.1 iCER and Air Lubrication System which will contribute to reduction of GHG emissions and realize the ease of environmental impact by lower fuel consumption in operation. Since the delivery of “Bishu Maru” in 1983 as the first Japanese LNG carrier, “K” Line has been establishing expertise on LNG transportation and developing its worldwide network for
nearly 40 years.

X-DF 2.1 iCER is a low speed dual-fuel engine with gas at low pressure. Air Lubrication System is technology to curb the resistance between the ship’s hull and seawater by generating air bubbles on the ship’s bottom.

“K” LINE and QatarEnergy have had long-term relationship through several existing projects. The new contracts have been executed as a successful result of supervision of vessel’s construction with abundant experience, the high-quality ship management, and the highest
level of safe and commercially optimized operation.

In our Medium-Term Management Plan published in May 2022, “K” LINE has placed LNG business as one of the top priority areas in the future investment. “K” LINE will further expand long-term contracts and accommodate growing energy demands by responding to various customers’ needs.

Main Particulars of the Vessel

Shipyard: Hyundai Heavy Industries Co., Ltd.
Delivery: From 2025 through 2026
LOA: About 299m
Beam: 46.4m
Tank Capacity: 174,000m3
Propulsion System: X-DF
Speed: 19.5knt

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Container Shipping Lines

Yang Ming to add ‘YM Throne’ – a new 11,000 TEU container vessel

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Yang Ming to add 'YM Throne' - a new 11,000 TEU container vessel. Image: Unsplash
Yang Ming to add 'YM Throne' - a new 11,000 TEU container vessel. Image: Unsplash
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Yang Ming Marine Transport Corp. will add one more new 11,000 TEU container vessel, ‘YM Throne’. The vessel is chartered from Shoei Kisen Kaisha, Ltd. and built by Imabari Shipbuilding Co., Ltd. The naming ceremony of YM Throne took place at Imabari Hiroshima Shipyard. Yang Ming’s attendees joined the ceremony remotely at their Taipei office.

To further strengthen Yang Ming’s mid- to long-term operational efficiency, the company ordered a total of fourteen 11,000 TEU newbuildings through long-term charter agreements with ship owners. YM Throne is the thirteenth in the series and will be delivered in late August. This type of vessels has a nominal capacity of 11,860 TEU and is equipped with 1,000 plugs for reefer containers. With a length of 333.9 meters, a width of 48.4 meters, a draft of 16 meters, these vessels are designed to cruise at a speed up to 23 knots. The containerships incorporate various environmental features including scrubbers, Water Ballast Treatment Plant and Alternative Marine Power system.

This type of vessels adopts the twin-island design to increase loading capacity and navigational visibility to ensure more efficiency and safety. The ship hull form optimization will further increase energy saving, reduce overall emissions and increase fleet diversity. In addition, the ships are designed with shorter length and beam, which makes them easier to maneuver during berthing or departure. The new dimensions enable these ships to call at major ports worldwide and pass through the new Panama Canal with no restriction, and facilitate greater flexibility in vessel deployment.

Yang Ming started taking delivery of these new vessels from 2020. These additions can lower the average age of Yang Ming’s global fleet, reduce unit cost and achieve energy efficiency. In addition, these newbuildings will help the company to proactively cope with the challenges faced by the fast-changing shipping industry. YM Throne will be deployed on Yang Ming’s Trans-Pacific service PN3 after delivery. The new vessel will not only meet customer needs but also maximize capacity utilization. The joining of YM Throne will significantly enhance the competitiveness of Yang Ming’s global fleet and service network.

The port rotation for the 1st voyage of YM Throne in PN3 is Hong Kong – Yantian – Shanghai – Pusan – Vancouver – Tokyo – Kobe – Pusan – Kaohsiung – Hong Kong.

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Container Shipping Lines

MOL to equip bulk carrier with the “Wind Challenger” hard sail system

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MOL to equip bulk carrier with the "Wind Challenger" hard sail system. Image: MOL
MOL to equip bulk carrier with the "Wind Challenger" hard sail system. Image: MOL
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Mitsui O.S.K. Lines, Ltd. announced its intent to equip a second bulk carrier with the “Wind Challenger” hard sail system, which harnesses the power of wind to propel the vessel. MOL Group company MOL Drybulk Ltd. will operate the vessel, which will transport wood pellets for Enviva Inc., the world’s leading producer of sustainable wood bioenergy, and has signed a construction contract for the new ship with Oshima Shipbuilding Co., Ltd. The vessel, slated for delivery in 2024, will be the second Wind Challenger-equipped vessel in the MOL Group fleet, following one scheduled to enter services in October of this year.

MOL group is also examining the feasibility of adopting “Rotor Sails,” an auxiliary wind propulsion system developed by Anemoi Marine Technologies Ltd, of the U.K. Combined use of both the Wind Challenger and Rotor Sails is expected to reduce greenhouse gas emissions by an average of 20%.

For years, Enviva and MOL have engaged in discussions to improve the efficiency of marine transportation through a contract for the shipping of wood pellets in Atlantic waters. In recent years, there has been a need to reduce the environmental impact of the entire supply chain. As we entered into a partnership in March 2021 with the aim of realizing an environmentally friendly bulk carrier, we have been considering the introduction of energy-saving technology and this is a culmination of our studies so far.

MOL Group clearly states that the group will make a concerted effort to achieve net zero GHG emissions by 2050, under “MOL Group Environmental Vision 2.1.” It will further push forward adoption of energy-saving technologies using wind such as the Wind Challenger and Rotor Sails, to help reduce GHG emissions and realize a low- and de-carbonized society.

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