X-Press Feeders/Sea Consortium
TypePrivately held company
IndustryMarine transportation
Container shipping
Founded1972 (1972)
Headquarters
Singapore
Area served
Asia, Africa, Middle East, Europe
Key people
Tim Hartnoll (Executive Chairman)[1]
ServicesFeeder Services
Websitewww.x-pressfeeders.com

X-Press Feeders/Sea Consortium is a container shipping group operating out of Singapore. It is the 17th largest operator by capacity according to the Top 100 ranking for 2021 published by the maritime portal Alphaliner.[2] It feeds transshipment hubs and ports in East and Southeast Asia, Indian subcontinent, the Persian Gulf, Mediterranean and Europe.[3]

History

Sea Consortium/X-Press Feeders was founded in January 1972. The Singapore-based group is privately held.[4] X-Press Feeders is run as a shipper owned container (SOC) carrier and does not own boxes.[5] It operates a fleet of 110 vessels of which are 43 owned.[6][1]

Alphaliner, a maritime transport portal in its 2021 Top 100 ranking, has placed X-Press Feeders as the 17th largest container carrier in the world, with a weekly capacity of 134,000 twenty-foot equivalent units (TEU).[2]

In April 2021, the group was reported to have ordered four 7,000 TEU ships from Shanghai Waigaoqiao Shipbuilding of China in an upsizing of the fleet. Its largest ship up to then was around 4,400 TEUs.[7]

Separately the group had placed orders for four 3,700 TEU box ships with China's Zhoushan Changhong International Shipyard in 2018.[8] Two of the vessels, MV X-Press Mekong and MV X-Press Pearl were delivered in 2021.

Acquisitions

X-Press Feeders acquired TransAtlantic AB, a subsidiary of Swedish supply vessel operator Viking Supply Ships in 2015. The transaction involved TransFeeder North Line, TransBothnia Container Line and TransFeeder South Line, with an annual container volume of about 105,000 TEUs.[9]

Incidents

On May 20, 2021, MV X-Press Pearl, a 37,000 DWT container ship with a capacity of 2,700 TEUs, caught fire while anchored off Colombo Harbour in Sri Lanka, and later sank.[10] Debris and flotsam led to environmental damage triggering a criminal probe amid fears of an oil spill.[11]

See also

References

  1. 1 2 "X-Press Feeders appoints new CEO". splash247.com. 6 May 2021. Retrieved 3 June 2021.
  2. 1 2 "Alphaliner Top 100". alphaliner.axsmarine.com. Alphaliner. Retrieved 3 June 2021.
  3. ↑ "Sea Consortium Pte Ltd". bloomberg.net. Bloomberg Newswires. Retrieved 3 June 2021.
  4. ↑ "SEA CONSORTIUM PRIVATE LIMITED". sgpbusiness.com. Singapore Business Directory. Retrieved 3 June 2021.
  5. ↑ "X-Press Feeders tipped to buy Singapore's Transliner". maritimegateway.com. 8 September 2020. Retrieved 3 June 2021.
  6. ↑ "X-Press Feeders Orders 7000 TEU quartet". splash247.com. 27 April 2021. Retrieved 3 June 2021.
  7. ↑ "Sea Consortium stretches newbuilding spree with 7,000TEU quartet". No. Container News. container-news.com. 26 April 2021.
  8. ↑ "X-Press Feeders books six boxships at Zhoushan Changhong". splash247.com. 14 November 2018. Retrieved 3 June 2021.
  9. ↑ "X-Press Feeders Buys TransAtlantic AB". maritime-executive.com. 9 November 2015. Retrieved 3 June 2021.
  10. ↑ "Singapore flagged X-Press Pearl under watch off Sri Lanka after fire". EconomyNext. 21 May 2021. Retrieved 22 May 2021.
  11. ↑ "Sri Lanka : Sri Lanka CID to record statements from captain and chief engineer of MV X-Press Pearl today". www.colombopage.com. Retrieved 2021-05-31.
Wikimedia Commons has media related to X-Press Feeders Group.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.