MarineLink's Joe Keefe Sounds off on Oregon Public Broadcasting
MarineNews and Maritime Logistics Professional Editor Joseph Keefe on Thursday spent ten minutes with Oregon Public Broadcasting to discuss the fate and the future of Oregon's only deep water port. Listen in to find out more. As ICTSI Oregon, Inc. and the Port of Portland mutually agreed to terminate a 25-year lease agreement to operate the container facility at the Port’s Terminal 6, the agreement allows ICTSI Oregon to be relieved of its long-term lease obligations effective March 31, 2017, pending approval by the Port Commission.
Star Bulk Acquire Two Modern Kamsarmax Vessels
Star Bulk Carriers, a global shipping company focusing on the transportation of dry bulk cargoes, announced that it has entered into definitive agreements to acquire two modern Kamsarmax drybulk carriers from an unaffiliated third party for an aggregate total consideration of approximately US$30.3 million. Each of the Vessels has a carrying capacity of 81,713 deadweight tons and was built with high specifications at Jiangsu New Yangzijiang in 2013. The Vessels are expected to be delivered to Star Bulk between March and May 2017.
Diana Shipping Announces Time Charter Contracts for Philadelphia
Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The gross charter rate is US$15,500 per day, minus a 5% commission paid to third parties, for a period of minimum ten (10) months to about thirteen (13) months. The charter is expected to commence on March 14, 2017. The “Philadelphia” is a 206,040 dwt Newcastlemax dry bulk vessel built in 2012.
HMM, Korea Shipping Company Pact for Sale and Leaseback for Ten Boxships
Hyundai Merchant Marine (HMM) has inked a memorandum of understanding (MoU) with state-backed Korea Shipping Company (KSC) for vessel sales worth up to Won850bn ($739.4m) book value, which will strengthen HMM's financial position. Under the deal, HMM will sell 10 of its container ships to KSC for around Won150bn market value of the vessels, and KSC will finance the outstanding amount by purchasing shares and bonds from HMM. The ship financing company will buy around Won100bn worth of shares and Won600bn in convertible bonds from HMM.
Marine Link's Joe Keefe Sounds off on Oregon Public Broadcasting
Marine News and Maritime Logistics Professional editor Joseph Keefe last week spent 10 minutes with Oregon Public Broadcasting to discuss the fate and the future of Oregon's only deep water port. Listen in to find out more. As ICTSI Oregon, Inc. and the Port of Portland mutually agreed to terminate a 25-year lease agreement to operate the container facility at the Port’s Terminal 6, the agreement allows ICTSI Oregon to be relieved of its long-term lease obligations effective March 31, 2017, pending approval by the Port Commission.
GE Shipping Buys New Vessel
The Great Eastern Shipping Company Limited (G E Shipping) signed a contract to buy a Supramax Dry Bulk Carrier of about 52,450 dwt. The 2006 built vessel is expected to join the Company’s fleet in Q1 FY18. The Company’s current fleet stands at 43 vessels, comprising 28 tankers (11 crude carriers, 15 product tankers, 2 LPG carrier) and 15 dry bulk carriers (1 Capesize, 8 Kamsarmax, 6 Supramax) with an average age of 9.56 years aggregating 3.54 mn dwt. The company has also committed to purchase 1 Secondhand Suezmax Crude Carrier.
BAE Systems to Modernize Cruiser USS Vicksburg
BAE Systems will perform ship alternations and miscellaneous repairs aboard the 567-foot-long USS Vicksburg (CG 69) under a $42.9 million U.S. Navy contract. The value of the competitively awarded contract could reach $45.9 million if all options are exercised. Under the special selected restricted availability (SSRA) contract, BAE Systems will perform ship alternations and miscellaneous repairs aboard the 567-foot-long ship, including the replacement of critical aluminum structures.
TEN Strengthens Vessel Base
Tsakos Energy Navigation (TEN)'s growth has continued unabated in 2017 with the delivery of one VLCC, the Hercules I, one aframax tanker the Marathon TS and the shuttle tanker Lisboa, currently all under long-term employment to solid counterparties. These came on the back of nine vessels that were delivered or acquired in 2016 and will be followed in 2017 by the last four, of nine, aframaxes that were built against long-term employment to a Norwegian oil major. With the delivery of these remaining high-end aframaxes…
Japanese Orderbook: Down But Showing Staying Power
The Japanese orderbook has shown its endurance in the current muted shipbuilding market and recently surpassed its South Korean counterpart in size for the first time since 1999, says a report by Clarksons Research. While the orderbook is shrinking for all of the ‘big 3’ builder countries, the Japanese orderbook is undergoing the slowest rate of decline. This month’s Shipbuilding Focus takes a look at the development of the Japanese orderbook. As of start March 2017, the orderbook at Japanese yards stood at 775 ships of a combined 18.9m CGT, the second largest globally.
Rotterdam Port Signs MoU with Brazilian Port of Pecém
Port of Rotterdam signs a ‘memorandum of understanding’ (MoU) with the State Government of Ceará with the purpose to jointly study a potential cooperation. This may lead to the joint venture Industrial Port Complex of Pecém. The MoU is consistent with the Port of Rotterdam Authority’s foreign policy which is focused on creating opportunities in ports abroad that have perspective for growth. Port of Rotterdam has a successful joint venture with the Sultanate of Oman for the management and development of SOHAR Port & Freezone.
Shell Signs 3-year Contract to Lease Oil Tanks in Panama
Oil company Royal Dutch Shell has signed a three-year contract to lease storage tanks at a large terminal in Panama that had been used by U.S. refining company Tesoro Corp, sources involved in the deal told Reuters. The facility, designed for storage and transshipment of crude oil to tankers, is owned by Petroterminal de Panama (PTP) and includes up to 14 million barrels of storage capacity on the Atlantic and the Pacific shores. "We have signed a contract with Shell for a three-year period involving all the available space we have," said an official from the Panamanian government.
Hapag-Lloyd, Inmarsat Ink Fleet Xpress Deal
Global mobile satellite communications services provider Inmarsat has signed a five-year contract with Hapag-Lloyd to migrate all ships directly managed by the shipping line to services enabled for Fleet Xpress. Hapag-Lloyd, the sixth largest container shipping operator in the world by Twenty Foot Equivalent Unit (TEU) capacity, will transition all existing ships that it manages in-house from Inmarsat FleetBroadband services to Fleet Xpress. The agreement also covers five 10,500 TEU vessels as latest new builds.
Port Everglades, Royal Caribbean Sign MOU
Broward County's Port Everglades has negotiated a Memorandum of Understanding (MOU) that provides the framework for a new long-term business agreement with Royal Caribbean Cruises, Ltd. (RCL) that will include complete, customized renovations of the Port's Cruise Terminal 25 targeted for completion by October 31, 2018. "Our cruise line customers are becoming more sophisticated in the way they think about the guest experience, as we saw when Royal Caribbean partnered in the construction of Cruise Terminal 18 for their Oasis class of ships," said Port Everglades Chief Executive Steven Cernak.
Diana Containerships Reactivates Time Charter With OOCL
Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has announced that it plans to reactivate one of its Post-Panamax container vessels, the m/v Pucon. The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Orient Overseas Container Line Ltd., Hong Kong, for the m/v Pucon. The gross charter rate is US$10,750 per day, minus a 3.75% commission paid to third parties, for a period of thirteen (13) months, plus or minus thirty (30) days.
Global Shipbuilders: What does the Future Hold?
After a long cycle of build-up in capacity in the 2000s, shipyards hit a new peak in global output in 2010, says a report by Clarksons Research. Since then, the impact of reduced vessel ordering on shipbuilders worldwide has been a key issue for the industry, and it’s clear that global output has dropped significantly and shipyard capacity has diminished. But how far can those shipyards still active look ahead today? ‘Forward cover’ is one basic indicator of the volume of work that shipyards have on order, calculated by dividing the total orderbook by the last year’s output (in CGT).
Santos Brasil Loses ESA Cargo Contract to Grupo Libra
Logistics company Santos Brasil Participações SA has confirmed the termination of a contract to move containers for the ESA consortium of shipowners at the port of Santos, according to a statement sent to Reuters on Thursday. Santos Brasil, the largest cargo operator in the country, lost the ESA contract to Grupo Libra, the second largest, according to two sources briefed on the matter. (Reporting by Ana Mano and Flavia Bohone; Editing by Jonathan Oatis)
Logistec Signs on for 10 Years at Cleveland Bulk Terminal
Logistec Corporation subsidiary Logistec USA Inc. has signed a 10-year agreement with the Cleveland-Cuyahoga County Port Authority to operate the Cleveland Bulk Terminal as of April 2017. Cleveland Bulk Terminal handles dry bulk commodities, principally iron ore pellets destined for steel production on the Cuyahoga River Ship Channel and limestone destined for Ohio power plants. The 45-acre facility began operating in 1997 and is located on the outer harbor of the Port of Cleveland, west of the mouth of the Cuyahoga River. The terminal is directly serviced by Norfolk Southern railroad.
Diana Charters OOCL Box Ship
Diana Containerships Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with Orient Overseas Container Line Ltd. (OOCL), Hong Kong, for its 5,576 TEU Post-Panamax container vessel m/v Great built in 2004. The gross charter rate is $7,300 per day, minus a 3.75 percent commission paid to third parties, for a period of minimum nine months to maximum 12 months. The charter is expected to commence on April 8, 2017. According to Diana, the employment…
Golden Ocean CEO Takes Comfort in Dry Bulk Order Book at 15-year Low
** CEO: I think the most important factor (for an improved market) is a limit of new orders.
Hapag-Lloyd 2016 Profit Dips on Weaker Box Rates
FY operating profit down 66 pct and freight rates down 15.4 percent in 2016. Company says merger benefits, cost cuts help. German container shipping firm Hapag-Lloyd on Tuesday reported a 66 percent year-on-year fall in operating profit for 2016, blaming mainly significantly lower freight rates. Operating profit came to 126 million euros ($133.5 million), while earnings before interest, tax, depreciation and amortisation (EBITDA) were down 27 percent at 607 million, it said in a statement.
Portland Port, ICTSI to terminate Lease
ICTSI Oregon, Inc. and the Port of Portland have mutually agreed to terminate a 25-year lease agreement to operate the container facility at the Port’s Terminal 6. The agreement allows ICTSI Oregon to be relieved of its long-term lease obligations effective March 31, 2017, pending approval by the Port Commission. In exchange, the Port will receive $11.45 million in compensation to rebuild business, as well as additional container handling equipment, spare parts and tools at the terminal.
Odfjell Orders Two Chemical Tankers
Odfjell SE has announced the signing of long term charter agreements for two chemical tankers with stainless steel cargo tanks, for construction in Japan. The agreement includes two vessels of 35,500 dw tonnes and 28 stainless steel cargo tanks. They are scheduled for delivery in Q4 2018 and Q1 2019 and the agreements run for a minimum of eight years. The vessels will be built in Shin-Kirushima dockyard in Japan. The agreement is in line with the new Odfjell strategy as launched in February, where the Company announced its targets for tonnage renewal and fleet growth.
APL launches Day-Definite Cargo Arrival with Eagle Guaranteed
APL today announced the launch of Eagle Guaranteed, a promise of day-definite arrival of shipment on the Eagle Express (EX1) service via the Global Gateway South (GGS) Terminal in Los Angeles to the rail yards of Chicago, Columbus, Dallas, El Paso, Kansas City and Memphis in the Americas. With the specific arrival date for the designated inland destinations set upon booking with APL, shippers are offered a solution to best manage their supply chain cycle. “APL is excited to introduce Eagle Guaranteed as one of our value-added services.
Davao Terminal Outfits with Navis
Navis and Davao International Container Terminal (DICT) announced that the terminal has gone live with the Navis N4 terminal system. Navis is a part of Cargotec Corporation and provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain. Since opening its gate in 2013, DICT has partnered with Navis to improve operational efficiency and the successful implementation of N4 has supported DICT’s growth as the most modern terminal in the Philippines.
USCG Awards Polar Icebreaker Contracts
The U.S. Coast Guard awarded five firm fixed-price contracts for heavy polar icebreaker design studies and analysis Wednesday. The contracts were awarded to the following recipients: Bollinger Shipyards, LLC, Lockport, Louisiana; Fincantieri Marine Group, LLC, Washington, District of Columbia; General Dynamics/National Steel and Shipbuilding Company, San Diego, California; Huntington Ingalls, Inc., Pascagoula, Mississippi; and VT Halter Marine, Inc., Pascagoula, Mississippi. The combined total value of the awards is approximately $20 million.
Diana Shipping Extends Time Charter Contract for M/v Houston
Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with SwissMarine Services, Geneva, for one of its Capesize dry bulk vessels, the m/v Houston, for a period of about thirteen (13) months to maximum fifteen (15) months. The gross charter rate is US$5,150 per day for the first fifteen (15) days of the charter period and US$10,000 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties. The new charter period is expected to commence today (February 17).
Work Begins on Virginia International Gateway Expansion
Work is underway at Virginia International Gateway (VIG) on a $320 million expansion project that will nearly double the terminal’s annual cargo handling capability. The project is the first of two large-scale expansion projects that, when complete, will increase the port’s overall annual container capacity by 40 percent, or 1 million container units, by 2020. “This is an important day in the history of The Port of Virginia; it is an important milestone in our effort to increase sustainability and to prepare this port for what is to come,” said John F.
CMA CGM Hires Diana Containerships’ M/V Rotterdam
Diana Containerships has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with CMA CGM S.A., Marseille, for one of its Post-Panamax container vessels, the m/v Rotterdam. The gross charter rate is US$6,890 per day, minus a 3.5% commission paid to third parties, for a period of minimum eight (8) months to maximum eleven (11) months. The charter is expected to commence on March 7, 2017. The “Rotterdam” is a 6,494 TEU container vessel built in 2008.
Laborde wins Bukh Distribution Deal
Laborde Products has been selected as BUKH Diesel Marine Distributor for the United States marine market. "Our companies have tremendous synergies," stated Soren Pederson, BUKH sales manager. "The BUKH engine line really complements our growing position in the marine market, and provides much needed domestic support for the US cruise ship industry with the large population of BUKH SOLAS engines used in lifeboats and fast rescue craft”, said Chris Cerullo, Laborde Products marine manager.
Diana Shipping Extends SwissMarine Charter
Diana Shipping , through a separate wholly-owned subsidiary, has agreed to extend the present time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Aliki. The global shipping company specializing in the ownership of dry bulk vessels extended the contract for a period of about eleven (11) months to maximum fourteen (14) months. The gross charter rate is US$10,300 per day, minus a 5% commission paid to third parties. The new charter period is expected to commence on February 13, 2017.
Liebherr: Italian Deliveries Reached a Record Level in 2016
Last year Liebherr Maritime Cranes delivered nine mobile harbor cranes, four reachstackers, three rail mounted gantry cranes and one ship-to-shore container crane to various Italian ports. Since Liebherr has been engaged in the manufacturing of maritime cargo handling equipment, Italian ports proved to be reliable and valuable partners. The first mobile harbor crane was already delivered in 1974 and over the years the maritime cargo handling fleet operating in Italy has constantly been increased.
Alabama Port Signs Agreement with Cuba
The Alabama State Port Authority has announced a new memorandum of understanding with the National Port Administration of Cuba, potentially laying the groundwork for future trade deals. The five-year, cooperative agreement was signed at the Tampa Marriott Waterside Hotel in Tampa, Florida. Memorandum of Understanding (MOU) between the Port of Mobile and the Cuban ports marks the first ports agreement signed on U.S. soil since 1959. James K. Lyons, chief executive officer of the Alabama State Port Authority and Rene Rolando Fernandez de Lara Cabezas…
Port of Antwerp Lands New Banana Contract
The CMA CGM vessel Pointe des Colibris called at the Belgian New Fruit Wharf (BNFW) terminal in Antwerp on February 1 carrying among other things bananas from Suriname. These will be distributed via the port of Antwerp to the local market and to surrounding countries. The owner of the bananas is FAI, fruit partner of Greenyard, based in Sint-Katelijne-Waver (Belgium). For carrying the bananas Greenyard has signed a new contract with the CMA CGM shipping company, with one of the crucial factors being the direct call at the BNFW fruit terminal in Antwerp.
Maersk Ship the Largest to Ever Call in Israel
The 13,092 TEU containership Maersk Elba arrived at Haifa Port's Carmel Terminal, becoming the largest ship ever to dock in Israel. Maersk Elba entered the Carmel Terminal Thursday, and was operated on by four STS cranes with an average productivity of 136 containers per ship hour. This ship is part of the weekly service line operated by the 2M Alliance of Maersk and MSC linking the ports of South Korea, China and Singapore to Haifa Port, and from there continues to the Adriatic ports. A video of Maersk Elba entering Haifa Port is available here.
Swedish Town Karlshamn Says 'Yes' to Gazprom Port Deal
Officials in Karlshamn in southern Sweden will allow Russia's Gazprom to use the city's port for the construction of its Nord Stream 2 gas pipeline after the government dropped its objections, the municipality said on Tuesday. The government had earlier expressed concerns about Gazprom's plans to use the port, but said on Monday the project did not threaten defense interests. Late last year, the island of Gotland rejected a similar deal to support the construction of the pipeline after the government expressed worries about national security.
Diana Inks Time Charters with Koch
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Seattle. The gross charter rate is US$11,700 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen (14) months to about seventeen (17) months. The charter is expected to commence on February 6, 2017. The “Seattle” is a 179,362 dwt Capesize dry bulk vessel built in 2011.
Wärtsilä BWM Systems for CMA CGM Newbuilds
Four new 3,300 TEU containerships being built for the French shipping group CMA CGM will feature Wärtsilä Ballast Water Management Systems (BWMS). This is the third series of vessels for which the same owner has selected the Wärtsilä BWMS solution, making a total of 10 ships in all. These latest vessels are being built at the Cosco Zhoushan shipyard in China, and the contract with Wärtsilä was signed in the fourth quarter of 2016. The BWMS system chosen for these vessels is a 500m3 per hour capacity Wärtsilä Aquarius UV system.
PIL Sign MOU with Guangzhou Nansha Development Zone
A memorandum of understanding (MOU) was signed between Pacific International Lines (PIL) Group and China Guangzhou Nansha Development Zone. This MOU facilitates to increase trade cooperation, deepen business ties, and explore possible future business opportunities and development of a shipping/logistics base in the Nansha New Area. The Nansha New Area is one of three development zones that comes together to form the China (Guangdong) Pilot Free-Trade Zone. Mr Zhang Benhua, Director General…
Eletson, Evergas Form Shipping Alliance
Eletson Gas and Evergas announced an alliance of the two companies that will trade the companies’ semi-ref/ethylene capable vessels. The new venture, to be called the E3 Pool, will commence trading on the 30th of January from the Eletson offices in Piraeus and London and the Evergas offices in Copenhagen and Singapore. The new commercial venture will control the 15-strong fleet of modern gas carriers that are currently trading. It will be joined by a further four vessels to be delivered to Eletson over the next twelve months and will create a single point of contact for cargo owners.
Greener Ship Recycling: DNV GL, Norddeutsche Reederei Strike Deal
DNV GL and Norddeutsche Reederei H. Schuldt signed a contract to carry out Inventory of Hazardous Materials (IHM) certifications for the shipping company’s managed fleet of more than 50 vessels. The first vessel to undergo sampling and testing is the 3700 TEU container vessel Northern Dexterity. Once complete, this certification provides independent verification of the vessels’ IHM, as required by the European Ship Recycling Regulation. “The IHM is an important step on the way to ensuring environmentally responsible ship recycling and therefore also important to us at Norddeutsche Reederei.
HullWiper wins Valencia port contract
The Spanish port of Valencia could be set to break Algeciras’ virtual vessel maintenance services monopoly in the country, thanks to the availability of the eco-friendly HullWiper hull cleaner, according to the Managing Director of the company behind the diver-free system. “Until now, hull cleaning in Spain has largely been associated with Algeciras, at the southern tip of the country, due to the concentration of maintenance companies using traditional methods there,” says GAC EnvironHull’s Simon Doran. “But that could be changing.
COSCO Ports and CMA Terminals Join Forces
Cosco Shipping Ports has signed a memorandum of understanding (MOU) with CMA Terminals Holding in Shanghai. The two parties have agreed to seek cooperation in ports worldwide and preference will be given to ports that the Ocean Alliance calls. Meanwhile, both sides have also agreed to provide support in terms of business and service to the ports that the other side has already invested. Zhang Wei, Vice Chairman and Managing Director of Cosco Shipping Ports and Farid Salem, Executive Officer of CMA CGM Group signed the MOU in the presence of Huang Xiaowen…
Diana Shipping Signs Contracts with Cargill, Noble
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva. The time charter was extended for one of its Capesize dry bulk vessels, the m/v Baltimore, for a period of minimum thirteen (13) months to about sixteen (16) months. The gross charter rate is US$11,300 per day, minus a 4.75% commission paid to third parties. The new charter period is expected to commence on February 3, 2017.
Eimskip, RAL Order Containerships from China
Iceland’s Eimskip and Greenland’s Royal Arctic Line (RAL) have signed an agreement to share capacity, and together ordered three new ice-class containerships to be built in China. Eimskip said it has finalized contracts with China Shipbuilding Trading Company Limited and Guangzhou Wenchong Shipyard Co. Ltd. for the construction of two 2,150 TEU container vessels, and RAL also signed a contract for one vessel of the same type from the same shipyard. With a length of 180 meters and breadth of 31 meters…
FMC Commissioner Doyle Rejects Blanket Authorities for Foreign Ro/Ro Carriers
Commissioner William P. Doyle Votes to reject joint contracting authority for Ro/Ro foreign carriers to negotiate collectively for U.S.-Flag tug services. Doyle's Statement, shown below, says new rules go beyond the scope of the Shipping Act and shipping practices harmful to U.S. Today, I voted to disapprove the roll-on roll-off (Ro/Ro) WLL/Eukor/ARC/Glovis Cooperative Working Agreement amendment involving Wallenius Wilhelmsen Logistics AS (WWL), Eukor Car Carriers Inc. (Eukor), American Roll-on Roll-off Carrier LLC (ARC), and Hyundai Glovis Co. Ltd. (Glovis) (collectively Parties).
Italian Boosts to Flinders Shipbuilding Ambitions
Building on its partnership with the Italian shipbuilder Fincantieri announced earlier this month, South Australia’s Flinders University has signed a supporting agreement with The University of Genoa to cooperate in research and development and training with focus on maritime, naval architecture and shipbuilding. The agreement not only strengthens Flinders’ connection with Fincantieri – one of the shortlisted companies bidding to build Australia’s Future Frigates – but also opens…
Record number of Arbitration cases filed under ICC Rules
The International Court of Arbitration of the International Chamber of Commerce (ICC) has announced record figures for new cases filed for administration under ICC rules in 2016. According to preliminary statistics, a total of 966 new cases administered by the Court were filed in 2016 - involving 3,099 parties from 137 countries. Constituting a record year for the Court in its 94-year history, the figures reflect continuing growth of the world's leading arbitral institution and its ongoing efforts to make ICC dispute resolution services more accessible worldwide.
ISS, Team Tankers ink Port Services Deal
Inchcape Shipping Services (ISS) has signed a new port agency contract with Team Tankers International for the US East Coast and Caribbean region - its first in the Americas. The chemical tanker specialist has called on ISS to provide full port agency services to deliver a consistently high level of service throughout the region. ISS was awarded the contract after demonstrating its efficiency, transparency and quality of service to Team Tankers International’s operations team in the US, along with its expertise in the chemical sector and strength of its global network.
CMA CGM Strengthens Asia-East Coast South America Links
French container shipping major CMA CGM has upgraded its SEAS1 and SEAS2 services, now providing two departures per week between Asia and the East Coast of South America. The group will thus provide two departures per week between Asia and the East Coast of South America, one of the best offers on the market. They will offer optimum port coverage across Asia (Northern, Central and Southern Chinan and South Korea and South East Asia) and South America (Brazil, Argentina, Uruguay, Paraguay).
Djibouti Breaks Ground on Massive FTZ
The president of Djibouti on Monday formally launched the construction of a project touted as Africa's largest free trade zone, to be built in the tiny Horn of African nation with Chinese backing. The agreement to build the 48 sq km (19 sq mile) free trade zone was signed in March 2016 as part of China's bid to expand trade routes, a series of infrastructure initiatives stretching across 60 countries that the Chinese have dubbed "One Belt, One Road". Tiny Djibouti, population 876,000, has long punched above its weight. It hosts large U.S.
OSC Signs Three-year Deal with Shell
Oman Shipping Company (OSC) has announced that its subsidiary, Oman Charter Company (OCC), has entered into a contract of affreightment (COA) agreement with Shell International Eastern Trading Company (Shell) for three years. The contract grants Shell access to the Very Large Crude Carriers (VLCC) operated by OCC for Crude oil cargo transportation requirements and provides OCC with the cargo base it needs to support its commercial operations. Tarik Al-Junaidi, Chief Executive Officer of Oman Shipping Company said: “In addition to the 10 MR tankers that we have recently chartered to Shell…
Diana Enters Time Charter Contract with Koch
Diana Shipping has signed a time charter agreement with Koch Shipping Pte. Ltd, Singapore, for one of its newcastlemax dry bulk vessels. Under the agreement, Koch will employ the 208,500 dwt newbuilding, to be named San Francisco, for a gross charter rate of $11,750 per day, minus a 5% commission paid to third parties, for a period of minimum 12 months to about 16 months. The charter is expected to commence on 6 January 2017. This employment is anticipated to generate approximately US$4.23 million of gross revenue for the minimum scheduled period of the time charter.
Heavy Lift: RollDock and Roll-Lift Team Up
Having received a contract from NEM Energy BV for the transportation of two boiler blocks and two combustor units from Taiwan to Malaysia, Roll Group was called upon to put to work the combined capabilities of its in-house engineering department and experienced heavy transportation teams, enabling the group to offer a complete tailor-made solution by both land and sea. NEM Energy BV involved the Roll Group at an early stage in the project, and the group’s engineers worked together with the NEM team to produce a precisely fitting sea fastening design which was integrated into the boiler block.
Van Oord consortium to undertake Angolan Reclamation
The consortium consisting of Van Oord and Urbinveste – Promoção e Projectos Imobiliários, S.A. has been awarded the contract for the design and construction of the Marginal da Corimba project in Luanda, Angola. The contract has been signed with the Angolan government (Gabinete Técnico de Gestão da Requalificação e Desenvolvimento Urbano do Perímetro Costeiro da Cidade de Luanda, Futungo de Belas e Mussulo). It contains a financing agreement arranged by ING Bank NV and a credit…
GAC, Valero Ink Terminal & Marine Services Deal
GAC UK has signed a three-year terminal and marine services deal with Valero Logistics UK Ltd. Under the agreement, from 1 February 2017, GAC UK will manage and support the discharge of 12-14MT of clean petroleum products each from up to 180 tankers a year at the ports of Cardiff and Plymouth. On 1 April, its raft of jetty operation services for the energy giant will be extended to include Avonmouth. GAC UK will provide a range of terminal services including secure and safe manning of berths, ship/shore safety checks and connecting shore cargo lines to vessels’ manifolds.
DHT Fixes VLCC Issue, Defers Newbuilding
DHT Holdings, Inc. said that during a routine inspection of the DHT Jaguar, a fracture surrounding the inspection window of the rudder was identified. It is DHT's policy to inspect all newbuildings, including underwater areas, during their respective warranty periods. Following a root cause analysis conducted by the builder Hyundai Heavy Industries (HHI) and classification society American Bureau of Shipping (ABS), DHT implemented a permanent repair plan for a rudder design improvement on the DHT Jaguar and its sister ships.
FONASBA, BIMCO launch Agency Appointment Agreement
FONASBA and BIMCO have launched a new Agency Appointment Agreement document. This new form, which is based on BIMCO’s tried and tested box layout, provides a simple, clear and effective means of confirming the details of an agency agreement for an individual or short series of port calls. Many agency appointments are agreed on the basis of a telephone conversation or simple exchange of emails and this new form formalises that exchange by clearly setting out the details of both parties…
Gulf Navigation forms JV with Polimar Turkish
Dubai-listed Gulf Navigation Holding has announced a partnership with Polimar Turkish Holding to grow its fleet and increase its global reach. Under the agreement, Gulf Navigation said it would be able to serve customers in major trading ports worldwide. The Gulf Navigation fleet is expected to grow from four service boats to 10 crews, tugs and offshore support vessels with a value of US$3 million per vessel as part of the deal. The revenue from the partnership is expected to be about $27m a year, according to Gulf Navigation.
Multipurpose Shipping Freight Rates to Improve by End 2017
The multipurpose shipping market will see the first signs of recovery by the end of 2017, following in the steps of the dry bulk and container shipping markets, according to the latest Multipurpose Shipping Market Review and Forecaster report published by global shipping consultancy Drewry. Dry cargo demand is weak but strengthening with multipurpose shipping market share expected to grow at just under 2% per year to 2020. Demolition levels are up in both the multipurpose and competing sectors…
Newcastlemax Duo Joins Diana Shipping’s Fleet
Diana Shipping has taken delivery of the m/v San Francisco (formerly Hull No. H2548) and the m/v Newport News (formerly Hull No. H2549), two new building Newcastlemax dry bulk vessels that were contracted in May 2013. The m/v San Francisco has been time chartered to Koch Shipping Pte. Ltd. at a rate of $11,750 per day, for a period of minimum twelve (12) months to about sixteen (16) months. The charter is expected to commence on January 6, 2017. The employment is expected to generate approximate $4.2 million in gross revenues.
HMM in New Alliance Deal
Hyundai Merchant Marine (HMM) said it has signed an agreement with intra-Asia trade carriers Heung-A Shipping and Sinokor Merchant Marine to form a container shipping alliance called the HMM + K2 consortium. The HMM + K2 consortium, which is slated to start operation in March after a formal contract signing next month, will cover Japan, China and South East/West Asia trades. The alliance will include vessel sharing, slot exchange and slot purchase agreements, as well as additional…
France May Step in on Shipyard Sale
France may intervene in the sale of the Saint-Nazaire shipyard by bankrupt South Korean shipbuilder STX if the French government's conditions are not met, Industry Minister Christophe Sirugue said. "The government is fully mobilised and will not hesitate to use all of the levers at its disposal," Sirugue told French daily Les Echos in an interview published on Friday. The French state, which owns a third of STX France and its western Saint-Nazaire shipyard, has a right of refusal on the sale of STX Offshore & Shipbuilding's majority stake once a winning bid has been selected…
Sino-Global Shipping Enters Agreement With COSCO
Sino-Global Shipping America, a non-asset based global shipping and freight logistic integrated solution provider, has announced the signing of an Inland Transportation Agreement with COSCO Beijing International Freight Co in which COSFRE Beijing will utilize the Company's full-service logistics platform to arrange for the transport of its container shipments into US ports. In addition to the Agreement with COSCO Beijing, the Company has entered into a Strategic Cooperation Framework Agreement with Sinotrans Guangxi, a subsidiary of Sinotrans Limited.
GulfNav, SeaQuest Tie Up in Ship Management
Dubai-based Gulf Ship Management, a wholly owned subsidiary of Gulf Navigation Holding, announced on Tuesday a recent tie up with Switzerland’s SeaQuest Group to set up a ship management joint venture and expand operations in the region. According to this agreement, Gulf Navigation Holding will expand its business in the Middle East, Africa and other neighbouring countries in the field of Ship Management, Marine Project Management and Consultancy Services, through a new company…
Iran, Kazakhstan Deal for Shipping JV
The chief executive officers of Islamic Republic of Iran Shipping Line (IRISL) and Kazakhstan’s KTZ Express – a subsidiary of the country’s national railways company- signed an agreement for establishing a joint company. The deal could lead to the creation of a new transport corridor connecting Iran’s southern ports to the upper parts of Central Asia - and even possibly Russia and China. On the sideline of Iran's president visit to Kazakhstan, an agreement for establishing a joint…
Oman Shipping Withdraws from Navig8 Pool
Navig8 Group (Navig8), the world's largest provider of maritime services, has announced that it has been advised by Oman Shipping Company SAOC (OSC) that they have decided to internalize the commercial management of their VLCC fleet which had been hitherto in the VL8 pool. The VL8 pool is one of the largest VLCC tanker pools in the world and one of 16 shipping pools managed by Navig8. The company's 16 shipping pools bring together multiple, like-minded owners with vessels of similar type and characteristics, into distinct pools.
Long Beach Approves MSC's Bid for Hanjin Terminal
The Port of Long Beach’s Harbor Commission on Wednesday approved an agreement to replace the bankrupt operator of its largest cargo terminal. The Long Beach Board of Harbor Commissioners greenlighted the move by a subsidiary of Mediterranean Shipping Co. (MSC) to take over sole control of the long-term lease of the port’s 381-acre Pier T container terminal from from Hanjin Shipping, a South Korean ocean carrier that declared bankruptcy on August 31. Previously, MSC held a minority stake in the lease for Pier T, where more than a quarter of the Port’s container cargo is moved.
Hoover Ferguson acquires Uniteam business
Hoover Ferguson Group (Hoover Ferguson), the global leader in container, workspace and packaging solutions for the energy and petrochemical industries and general industrial enterprises, has acquired the rights and obligations of Uniteam Holding AS’s (Uniteam’s) offshore container rental business. The transaction, which includes a specified fleet of standard and customized offshore containers in Norway and Malaysia, increases Hoover Ferguson’s established portfolio within the Norwegian oil and gas market and strengthens the Group’s footprint in Asia.
Radio Holland's NavCom for Six Malaysian Patrol Crafts
Radio Holland Malaysia (RHM) secured a contract from Destini Shipbuilding & Engineering for the supply of Navigation and Communication equipment on board of six New Generation Patrol Crafts (NGPC). The vessels are being built for the Malaysian Maritime Enforcement Agency (MMEA). The scope of work encompasses detailed design, supply, installation, testing and commissioning of the Navigation and Communication equipment including the Steering System and Thermal Cameras. The vessels will play an important role in maritime search and rescue operations.
Go Ahead for Brownsville Ship Channel Deepening
President Barack Obama signed into law the Water Resources and Development Act (WRDA) of 2016, authorizing the Brownsville Ship Channel deepening project, making it eligible for federal funding, as announced by the Port of Brownsville. The Brazos Island Harbor Channel Improvement Project was one of 28 water infrastructure projects nationwide included in the WRDA and submitted by the U.S. Army Corps of Engineers (USACE) to Congress for approval. The project calls for the Port of Brownsville channel to be deepened to 52 feet from its current design depth of 42 feet.
Terragon Trash Tech for BigLift Ship
Terragon Environmental Technologies Inc. and Marship Engineering entered into a contract with Zhejiang Ouhua Shipbuilding China to supply a MAGS V8 for the new build vessel mv Happy Sun of Netherlands based BigLift Shipping (a member of the Spliethoff Group). As shipping companies are increasingly under a microscope regarding their emissions to the environment, the decision by BigLift Shipping to chose MAGS gasification technology reflects its role as an early adopter of innovative technologies on their ships.
Gulf Navigation, Mena Energy Sign Strategic Deal
GulfNav has marked another milestone by entering into strategic alliances with MENA ENERGY. The strategic alliances for mutual co-operation in ship acquisition, chartering and commercial management aims to set out a platform for the parties to have an enhanced commercial relationship and to further strengthen their existing business ties. The parties have agreed that Gulf Navigation would acquire vessels that would be time-chartered to MENA Energy for carrying Crude and the petroleum products.
Samudera Indonesia Appoints Rickmers for Bulk Carrier Management
Samudera Indonesia has appointed Rickmers Shipmanagement, which belongs to the Rickmers Group, as the new Technical Manager of two supramax bulk carriers including their crewing. Samudera Indonesia is one of Indonesia’s largest liner companies; besides its container vessels and LPG tankers it also owns two bulk carriers, and has now awarded the technical management contract of these two vessels to Rickmers Shipmanagement. The Rickmers Group has thus expanded its bulk-carrier management and strengthened the diversification of its fleet in third-party management.
Stena Line Extends Ferries Maintenance Contract
Swedish ferry operator Stena Line has renewed its planned maintenance agreement with MacGregor, part of Cargotec. Stena Line has held MacGregor Onboard Care (MOC) agreements since 2008 and its latest contract takes the number of RoRo vessels covered to 39. "Our preventative and planned service products, such as MOCs, make it easier to schedule services; they guarantee that parts are in place and they are very cost-effective for the customer. They take a lot of the stress out of managing the huge service requirements for large fleets…
Panama Canal, IRPT Sign MoU
Inland Rivers, Ports & Terminals (IRPT) has signed a Memorandum of Understanding with the Panama Canal Authority (ACP). This historic event marks the first ever global connection for IRPT. This Memorandum of Understanding is important to all of our inland river ports, terminals, and river-borne transportation services and will recognize the importance of promoting waterway shipping. IRPT promotes foreign and domestic commerce using international trade routes, such as the Panama Canal.
NORDEN, Pinnacle Ink Wood Pellets Transport Deal
Dampskibsselskabet NORDEN A/S has entered into a 9-year contract for the transportation of wood pellets with Canada’s largest manufacturer of wood pellets, Pinnacle Renewable Energy Inc. According to the contract, NORDEN will transport a total of 3.5 million tons of wood pellets from 2018 from Vancouver and Prince Rupert in Western Canada to Europe. The transports will be carried out on Supramax vessels, of which NORDEN is one of the world’s largest operators. There will be 8 trips a year, and each trip is expected to take 65 days.
Sea IT Wins Contract with Alba Tankers
Sea IT said it has won a new contract with Alba Tankers, who continues installations of Sea IT’s BlueCLOUD in two additional office locations in Poland and Sweden. The contract also includes installations of multiple products on board the vessels Atlantic and OW Baltic in their fleet such as BlueCONNECT, BlueSKY, BlueSTAR and the upgrade of BlueCORE. The shipping company already has BlueCLOUD installed at its Danish headquarters in Ålborg. “It is great to see when customers truly benefit from Sea ITs solutions and embrace the concept throughout their organization…
Port Taranaki Orders New Tug from Sanmar
Within a few weeks of unveiling a new compact tractor tug jointly designed with Robert Allan Limited, Turkish shipbuilder Sanmar has secured an order from a port on the west coast of New Zealand. Port Taranaki has awarded the Sanmar a contract to build the very first of its exclusive Delicay series, a compact, under 24m rule length design conceived as an off-the-shelf unit with numerous variations to suit customer needs. This vanguard of the series will measure 25.3m x 12m and…
Gulfstream Wins DHS Ferry Contract
Gulfstream Shipbuilding won a contract through the United States Department of Homeland Security for a passenger/vehicle ferry to service the New York and Connecticut waters. This 118 x 27 x 10.75 ft. crew boat-style vessel will be capable of transporting passengers, freight and vehicles in and around the waters of the Eastern Long Island Sound and Gardiner’s Bay. The vessel has an expected delivery date of April 2017. “Gulfstream Shipbuilding is not only familiar with the Eastern Long Island Sound waters…
Liverpool Port Eyes Transatlantic Expansion
Liverpool's new container terminal expects to ramp up transatlantic shipping as British companies look to deepen business ties despite concerns that the U.S. election of Donald Trump could hinder free trade, the port operator's chief said. Private group Peel Ports has invested 400 million pounds ($510 million) in transforming Liverpool's existing facility into a deep-water container terminal that can receive bigger ships. The new development opened last month. Mark Whitworth, chief executive of Peel Ports…
ICC, DRD Team Up to Shed Light on Arbitration
The International Chamber of Commerce (ICC) has announced it has entered into a cooperation agreement with Dispute Resolution Data (DRD) – a research service for international commercial arbitration and mediation. Under the terms of the agreement, the ICC International Court of Arbitration will provide data that will ultimately contribute to a greater understanding of dispute resolution use and practice worldwide. Andrea Carlevaris, Secretary General of the ICC Court said: " Facilitating…
Crowley Awarded US Defense Freight Contract
Crowley Logistics Inc., a division of Crowley Maritime Corp., has secured a multi-year contract from the U.S. Transportation Command (TRANSCOM), an agency of the Department of Defense (DOD), to provide transportation and related services supporting Department of Defense activities in the U.S. and Canada. The Department of Defense Freight Transportation Services (DFTS) contract is one of the largest logistics contracts awarded by the U.S. government. The period of performance is two base years followed by five option years for a total value of approximately $2.3 billion.
BIMCO Adopts Ship Financing Term Sheet
In a landmark decision, BIMCO cemented its move into the domain of ship financing with the Documentary Committee’s approval of a standard term sheet for use in ship financing transactions on 17 November 2016. BIMCO President Philippe Louis-Dreyfus said, “I am particularly pleased to see BIMCO taking this important step. BIMCO is the world leader in the production of standard contracts and clauses for the maritime industry. It is only natural that its documentary activities also cover ship financing – an issue which has become increasingly important and challenging over the years…
Pasha Hawaii Set to Order Containerships
Honolulu-based Pasha Hawaii said the company narrowed its selection to two U.S. shipyards for the construction of two new Liquefied Natural Gas (LNG) fueled containerships, with the option to order two additional vessels. Contract specifications are expected to be finalized by the end of the month, with the final selection decision anticipated in January 2017. Details for the vessel order outline a shipping capacity of 3,400 TEUs, including 500 45-foot containers and 400 refrigerated containers, and a sailing speed of 23 knots.
Radio Holland, Thome Ship Management Ink SRA Deal for 200 vessels
Thome Ship Management Pte Ltd and Radio Holland Singapore have concluded a Service Rate Agreement (SRA) covering the NavCom service and maintenance needs of its entire fleet of more than 200 vessels. Headquartered in Singapore, Thome Ship Management has worked together with Radio Holland for many years. The two companies have now taken a next step to a new format of cooperation with the SRA, which includes everything from annual radio surveys to servicing bridge equipment, to the delivery of spare parts and on-the-spot troubleshooting.
Carisbrooke Joins Forces with Nova Marine
The commercial short sea bulk activities of traditionally shortsea ship owners Carisbrooke Shipping Ltd and Nova Marine Carriers SA will be expanded and consolidated effective January 1, 2017. Notwithstanding both groups’ commercial networking offices, the coordination of all chartering and operation activities will be channeled from Nova Marine’s HQ in Lugano, Switzerland. This will include the effective control of both groups’ vessels and contracts. Carisbrooke Shipping controls a combination of 48 shortsea…
OCEAN ALLIANCE Sets Out Network
Members of the OCEAN ALLIANCE, COSCO Container Lines, CMA CGM, Evergreen Line and Orient Overseas Container Line, signed a document entitled the Day One Product, which sets out the proposed OCEAN ALLIANCE’s network, including port rotation for each service loop. The Day One network intends to deploy around 350 container vessels with an estimated total carrying capacity of 3.5 million TEUs to provide one of the most comprehensive service coverage in the market on the following trade lanes. The vessel deployment details for each service loop, will be released around end of this November.
Odffjell to Build Record Size Stainless Steel Chem Tankers
Odfjell has ordered four chemical tankers (with options for an additional four) with stainless steel cargo tanks from China Shipbuilding Trading CO., Ltd. and Hudong-Zhonghua Shipbuilding (Group) CO., Ltd. The ships cost $60m each. The 49,000 dwt ships, with a cargo capacity at 54,600 cbm, reportedly makes them the world's largest stainless steel chemical tankers, according to the Norwegian owner. The first ship is expected to be delivered in June 2019 and the following vessels with three months intervals.
Nicom Secures Texas Seaport Contract
Nicom Maritime, a division of Nicom IT Solutions of Halifax, won a contract to install a seaport software system for the Port of Beaumont in Beaumont, Texas. The system, an integrated vessel scheduling, cargo tracking, and billing system, is similar to the one currently in final stages of testing at the Port of Halifax. Beaumont represents the first U.S. customer for this newly-developed system. Other ports in Canada have earlier versions installed and are being supported by Nicom.