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World’s Largest Containership Launched in Korea

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World’s Largest Containership Launched in Korea

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Los Angeles, CA – The world’s largest containership – the CSCL Globe – has been launched in South Korea for China Shipping Container Lines (CSCL) at the Hyundai Heavy Industries Co. Ltd. shipyard in South Korea.

The massive ship is the first of five 19,000 TEU (20-foot-equivalent unit) containerships built for the Chinese shipping company and takes the title of world’s largest containership from Maersk Line’s 18,000 TEU ‘Triple E Class’ vessels.

Measuring 1,300 feet in length and 183,800 tons, the CSCL Globe is as large as four football fields. She will be deployed on the Asia-Europe trade loop after being handed over to the owner later this month, the company said.

The ship is the first of an upcoming fleet of four such $175 million vessels that the company plans to launch by the end of 2015.

The CSCL Globe has a top speed of 16 knots and is powered by a 77,200 bhp electronically-controlled main engine that incorporates an electronically-controlled throttle.

The new throttle system takes the ship’s relative speed and the prevailing ocean conditions into account to offer increased fuel efficiency rates.

As a result, the containership will burn 20 percent less fuel per TEU in comparison with the 10,000 TEU containerships, the builder said.

The new ship displaces the existing container capacity record holder, the MV Maersk Maersk, which has a capacity of 18,000 TEU (twenty-foot equivalent unit) shipping containers.

The Maersk ship beat out the older, 16,020 TEU MV CMA CMG for the title in 2013.

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Capstone Turbine Inks Korea Power Contract

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Chatsworth, CA – Microturbine manufacturer Capstone Turbine Corp. has received an order to supply a natural gas-fired, low-emission, one megawatt microturbine for a new residential high-rise building in Masan, South Korea.

The city of Masan, situated about 30 miles west of Busan, is home to more than one million people and is experiencing significant economic growth.

Due to this growth, and the expansion of neighboring cities, Korean officials approved the merger of the cities of Masan, Changwon, and Jinhae in 2009.

This area is home to more than a million people, and the need for new infrastructure, such as residential high-rises, is increasing.

Deployed in a combined heat and power (CHP) application, the heat from the microturbine’s exhaust is captured via heat exchangers and used to provide heating and hot water for the building. One megawatt of electricity produced by the microturbine offsets the building’s total requirement, reducing costs from the local utility.

The CHP system has an overall efficiency of approximately 80 percent, which helps to maximize the investment and significantly reduce the payback period.

Yongwon Total Solution, Capstone’s South Korean partner, secured the order.

Capstone Turbine has shipped approximately 8,000 Capstone microturbine systems that have logged millions of documented runtime operating hours to customers worldwide.

A UL-Certified ISO 9001:2008 and ISO 14001:2004 certified company, Capstone has sales and/or service centers in the UK, Mexico, China, Singapore and the New York Metro area.

10/15/2014

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Dascher Expands Logistics Profile in Korea, US Midwest

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Atlanta, GA – International logistics provider Dacsher has expanded its footprint in Korea and the US Midwest.

The company has acquired the remaining 50 percent of MGI & Dachser to create Dachser Korea Inc. with headquarters in the Korean capital of Seoul.

Dascher has maintained a presence in South Korea since 2006 and became the sole shareholder of the joint venture in December 2013.

The new company will also conduct sea freight business in Busan and air freight handling in the company’s most important hub, Incheon. In addition, the logistics provider offers professional consolidation services specifically for air freight pallets at the Dachser warehouse facility on the airport grounds.

The joint venture, MGI & Dachser, has established a strong presence in the Korean market. In the future, Dachser Korea, Inc. will place particular focus on expanding sea freight activities in Busan.

At the same time, Dachser Transport of America Inc. announced the opening of a new office in St. Louis, Missouri, to support the company’s continued expansion in the Midwest.

The new office is conveniently located in the St. Louis Customs Building across from Lambert International Airport. It directly supports customers in southern Illinois, Missouri, Kansas and Nebraska, and will work in tandem with Dachser’s recently opened new office and warehouse in Chicago.

“The Midwest has become one of Dachser’s biggest growth markets in the US, and we’re focused on enhancing our facilities within the region to continue to best meet the needs of our customers,” said Frank Guenzerodt, president and CEO of Dachser USA. “This focused expansion in the Midwest also benefits other regions in the US, and expands our overall global footprint.”

The combined capability of the newly opened office in St. Louis and warehousing facility in Chicago means the majority of the Midwest is able to be serviced with next day deliveries with over 80 percent of the US population is reachable via trucking transit within two days, the company said.

In addition, the new warehouse integrates with Dachser’s globally-recognized Mikado software system.

07/29/2014

 

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US, Korea Sign ‘Organic’ Product Labeling Deal

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Washington, DC – “Organic processed” products certified in the US or Korea can now be labeled as “organic” in either country, according to the US Department of Agriculture’s Foreign Agricultural Service (FAS).

The move, the FAS said, takes effect immediately and will allow American organic farmers, processors, and businesses greater access to Korea’s growing market for organic products.

Without the equivalency arrangement in place, organic farmers and businesses wanting to sell organic processed products in either country would have to obtain separate certifications to meet each country’s organic standards, the agency said.

This typically has meant two sets of fees, inspections, and paperwork, and delays for US farmers and businesses trying to export a variety of products including organic condiments, cereal, baby food, frozen meals, milk, and other processed products.

Similar to previous US equivalency arrangements with Canada, the European Union, and Japan, this arrangement with Korea eliminates significant barriers, especially for small and medium-sized organic businesses.

This arrangement is Korea’s first organic equivalency arrangement with any trading partner and serves as an example of how closely the US is working with Korea to address emerging issues and strengthen the trade relationship.

Prior to the announcement of the new arrangement, US and Korean technical experts reportedly conducted several on-site audits to ensure that their programs’ regulations, quality control measures, certification requirements, and labeling practices were compatible.

According to US industry estimates, exports of organic processed products from the United States are valued at approximately $35 million annually.

Korea’s National Agricultural Products Quality Management Service and the US Department of Agriculture’s (USDA) National Organic Program—which oversee organic products in their respective countries—will oversee implementation of the new arrangement.

Both countries, the FAS said, “will continue to have regular discussions and will review each other’s programs periodically to ensure that the terms of the arrangement are being met.”

07/15/2014