Rickmer's Group Worth $740 Million
Following last month’s news that Singapore Based Rickmers Maritime Trust is to be wound up, Rickmers Holding AG released a statement on April 19 reporting that an understanding had been reached regarding restructuring of the Rickmers Group. It is understood that sole shareholder Bertram Rickmers will reduce his shareholding to below 25 percent, while the remaining 75 percent will be taken by lenders and bondholders. The value today of the Rickmers Group (a Rickmers Holding AG subsidiary) sits at $740 million, according to VesselsValue.
SUNY Maritime to Award Frangou with Honorary Doctorate
SUNY Maritime College will recognize one of the most prominent women in the maritime industry with an honorary doctorate during its May 2017 commencement. Angeliki Frangou, chairman and CEO of the Navios Group, will receive an honorary Doctor of Science degree and deliver the commencement address to the college’s approximately 300 graduates on May 5 in St. Mary’s Pentagon in the college’s historic Fort Schuyler. “Ms. Frangou is a successful businesswoman and leader who has taken Navios to the heights of the shipping industry,” said Rear Adm. Michael Alfultis, president of SUNY Maritime.
FMC's Mario Cordero to be POLB Executive Director
The Long Beach Board of Harbor Commissioners is all set to name Mario Cordero, a former chairman and current member of the Federal Maritime Commission(FMC), as the Port of Long Beach’s (POLB) new Executive Director. Cordero, a Long Beach resident and attorney, served previously as president and as a longtime member of the Long Beach Board of Harbor Commissioners. “After a comprehensive international search, the Board of Harbor Commissioners recognized that Mario Cordero is an ideal choice to lead the Port of Long Beach,” said Harbor Commission President Lori Ann Guzmán.
NovaAlgoma Short-Sea Carriers Launched
Algoma Central Corporation and Nova Marine Carriers SA today announced the creation of a new joint venture that will focus on short-sea dry-bulk shipping for global markets. This new joint venture, operating as NovaAlgoma Short-Sea Carriers, or NASC, is a 50/50 joint venture between Algoma Central Corporation (Algoma) and Nova Marine Holdings Limited (Nova), the parent company of Nova Marine Carriers. NASC was formed by Nova as an October 31, 2016 carve-out from the deep sea dry-bulk freight business operated by Nova Marine Carriers S.A.
32 VLCCs to Fly Saudi Arabia’s Flag
The National Shipping Company of Saudi Arabia (Bahri) said that the Public Transport Authority (PTA) has completed the registration of Amjad, a Very Large Crude Carrier (VLCC) owned and operated by Bahri, under the flag of Saudi Arabia. The announcement comes as part of Bahri’s plans to register all of its 37 VLCCs by the end of 2017, and falls in line with the remarkable shift and growth the transportation sector in the Kingdom has witnessed in the recent past. This also marks another achievement for PTA as an initiative completed as part of its national transformation program.
Antwerp Port Gets off to the Strongest Start Ever
The port of Antwerp handled 54,324,303 tonnes of freight during the first three months of this year, 1.5% more than in the same period last year. The further growth is mainly due to container freight, which was up by 2% in terms of tonnage. In fact this has been the best first quarter ever, both for total overseas freight and for containers. And on top of all that the previous month was the best for containers that has ever been recorded in the port of Antwerp. All this means that after the record year of 2016 the port of Antwerp is off to a good start.
Yang Ming Halts Container Service to Iran
Taiwan’s troubled Yang Ming Marine Transport Corp is halting its container service to Iran, becoming the first foreign shipping line to abandon the route a year after international sanctions on Tehran were lifted, Reuters reported. Yang Ming announced in a regulatory filing it had suspended its share trading until May 4 in an effort to reduce losses from a global downturn in shipping. Yang Ming, the world’s ninth largest container shipping line, is a comparatively small player in Iran, calling there just once a week.
DSME Deal Non-starter
The creditors of Daewoo Shipbuilding & Marine Engineering (DSME) still remain undecided over afor the shipyard's latest deal, further complicating troubles for one of the country's major shipyards, Yonhap reported. DSME clinched a US$250 million deal to build three very large crude carriers (VLCCs) on April 4. Under the deal with Maran Tankers Management, a unit of Greece's largest shipper Angelicoussis Shipping Group, Daewoo Shipbuilding will deliver the 318,000-ton VLCCs by 2018.
Supply Chain Advantages for Brazilian-European Trade
After the successful participation in Intermodal South America in Sao Paulo (Brazil), the port of Antwerp in collaboration with the local industrial and agricultural federations organised a business seminar with networking in the nearby state of Minas Gerais. The event was attended by 50 or so prominent Brazilians including shippers, ship's agents and logistics service providers. It was also honoured by the presence of high representatives from both federations, the government of Minas Gerais and the Belgian diplomatic corps in Brazil.
Concordia Maritime Charters Two MR Tankers
Concordia Maritime has signed a contract for the chartering of two IMO2/3 class MR tankers. This a joint chartering arrangement with Stena Weco, and Concordia Maritime’s share amounts to 50 percent. The contract is for one year, and the charters run from June and July 2017. The vessels were built in 2013 and are ECO-design tankers. They will be operated by Stena Weco, which has a fully integrated global logistics network for the transportation of petroleum products, light chemical and vegetable oils. The overall fleet comprises about 60 MR vessels.
New Venture Aims to Uproot Shipping’s Status Quo
With a belief that innovation in shipping has fallen well behind other sectors, new entrant into the maritime industry Nisomar has launched a range of services for ship owners, operators, brokers, charterers and financial institutions. Nisomar said it has pioneered a method of collecting global shipping data and created proprietary technology, based upon technology that generates highly accurate business-critical data. The firm will derive insights from big data to offer analytics that support business decisions…
IContainers Expands in South America
iContainers, the 100 percent online freight forwarder, has launched a new branch in the Dominican Republic. The new office, located in Santo Domingo, will manage the freight needs of exporters and importers in the island nation. Given the Dominican Republic’s strategic location in the Caribbean, iContainers will aim to generate powerful synergies between the new establishment and their existing offices in the US and Spain – the two principal markets serving the Dominican Republic. iContainers has experienced significant growth over the past year.
Brunswick Celebrates 10-year Safety Milestone
April 14 marked 10-years without a lost time incident for Brunswick Commercial & Government Products (BCGP). BCGP's employees have worked 1,817,000 hours without a lost time incident and maintained a recordable incident rate of zero in 2016. "This monumental milestone illustrates our dedication to safety and manufacturing excellence, said John Ratto, BCGP Director of Manufacturing and Plant Operations. BCGP was also recently presented the Sustained Safety Performance Award from its parent company - the Brunswick Corporation.
Discussion: Seafarers' Wages During Piracy
The International Marine Contractors Association (IMCA) actively participated, on behalf of the Maritime Employers’ Group, in the International Labor Organization (ILO) working group of the Special Tripartite Committee (STC), established under the Maritime Labor Convention – the international treaty covering minimum working and living standards for seafarers. The working group’s meeting took place in Geneva, Switzerland, from April 3-5, 2017. It brought together more than 150 representatives from governments…
ZIM Shuffles Greece Turkey Service
Container carrier ZIM has informed of an upgrade to its Greece Turkey Service (TGX) which will deploy three 1,700 TEU vessels starting May 2017 in the following rotation: Haifa – Ashdod – Antalya– Istanbul– Izmit– Gemlik– Istanbul– Piraeus – Thessaloniki – Izmir – Haifa. According to ZIM, the shuffle will offer expanded port coverage, as well as secured windows in Haifa (Monday) & Ashdod (Wednesday) and fast transit time from Thessaloniki and Izmir to Israel, particularly suited for the refrigerated trade.
Liebherr Opens Buenos Aires Office
In March Liebherr-Argentina S.A. opened a new office in Buenos Aires, the capital of Argentina. From the subsidiary Liebherr is expanding activities in Argentina and Uruguay, primarily in the product areas of mining, mobile cranes and port and harbor cranes. With an area of 314 square meters, the office in the heart of the Argentinian capital offers space for current and future growth, primarily in the product areas port and harbor cranes and mobile cranes. Eleven of the 17 Liebherr employees working in Buenos Aires look after sales and service in the area of port and harbor cranes…
ICHCA Seeks Safety Award Nominees
ICHCA International, a global cargo handling NGO association, has opened the second TT Club Innovation in Safety Award which aims to highlight the importance of safety at a time of increased operational demands on cargo handling infrastructure and operations worldwide. The goal of the award is equally to champion and celebrate the many companies and individuals around the world who are 100 percent dedicated to ‘making it safe’ every day, and to acknowledge and foster innovation to improve safety in cargo operations and logistics.
ISS Names Zaiton Commercial Manager, Cruise
Maritime and logistics service provider Inchcape Shipping Services (ISS) said it has appointed Jasem Zaiton as its new Commercial Manager, Cruise Solutions. In his previous role Zaiton led the cruise sector at dnata, a member of the Emirates Group, where he spearheaded a dedicated cruise department delivering shore excursions and ground handling services to more than one million cruise passengers in the region. With over 10 years’ cruise-orientated experience in destination management services Zaiton has focused on cruise tourism…
essDOCS Acquires TridentGLOBAL
essDOCS announces its acquisition of TridentGLOBAL Pty Ltd. TridentGLOBAL is an export management solution with a customer-base across Australia and the USA. TridentGLOBAL provides exporters and traders a comprehensive solution to the challenges they encounter in managing complex international trade processes. The platform offers modules for contract management, shipment management, bookings management, compliance, document management, as well as supply chain management for the metals and minerals, agribusiness, seafood and manufacturing industries.
Port of Portland Narrows Executive Director Candidates
An advisory group to the Port of Portland Commission has recommended three final candidates in the running to succeed the port’s current Executive Director Bill Wyatt, who will retire on June 30, 2017. The three finalists are Jonathan Daniels, Executive Director and CEO, Mississippi State Port Authority; Stephanie Dawson, Chief Operation Officer, Port Authority of New York & New Jersey; and Curtis Robinhold, Deputy Executive Director, Port of Portland. The port will now hold an online public comment period that ends on Monday, April 24.
NYK Promotes Its First Woman Captain
On April 1, a deck officer named Tomoko Konishi became the first woman in NYK’s 132-year history to be promoted to the rank of captain. Konishi joined NYK in 2004 after she graduated from the National Institute of Technology, Toba College in Mie prefecture. Since then, she has worked aboard containerships, pure car and truck carriers, and LNG carriers, among others, as a pioneering female officer. She has been active in a number of fields and has also used her onboard experiences in office work.
IMCA to Hold Marine Seminar in the Netherlands
‘Practical Vessel Assurance for Safe & Efficient Operations’ is the theme of a two-day Marine Seminar to be held by the International Marine Contractors Association (IMCA) on Wednesday 14 and Thursday, June 15, at the Novotel Amsterdam Schiphol. The Seminar will bring together IMCA members and guests eager to listen to presentations on four key topics – ‘Reactivation of DP vessels after a period of layup’; ‘Investigation and analysis of DP station keeping events’; ‘The role maritime bodies play in vessel assurance’…
Training Program Focuses on Crew Health
Videotel, part of KVH Industries, has produced a series of 10 programs with accompanying workbooks that explore the many aspects of crew health onboard. The “Healthy Living at Sea” series highlights many important areas, including the benefit of eating a balanced diet, regular exercise, disease prevention, and proper working patterns to avoid fatigue and stress. “In today’s tough climate, ship owners and ship managers cannot afford any downtime in a ship’s operations, so maintaining a full complement of healthy crew is vitally important,” says Joe Pitcher, Videotel sales director.
Bomin Affirms Commitment to Baltic Bunkering Market
The Bomin Group, a global physical supplier and trader of marine fuel oil, today reaffirmed its commitment to providing physical bunkering products and services in the Baltic, including Rostock, Germany’s largest Baltic port. In line with the company’s new regional hub structure, Bomin’s Hamburg office will take responsibility for physical operations and infrastructure in the region. Bomin Deutschland is operating two state-of-the-art bunker barges in the Baltic area – MT Bergen Troll and MT Lioba – providing customers with a full range of quality products including MGO DMA 0.1 percent…
DP World, Egypt on Expansion of Sokhna Port
DP World and Egypt's General Authority for Investment and Free Zones (GAFI) have is planning to increase the capacity of Egypt’s Sokhna port located south of Suez Canal, off the Red Sea coast, Egypt’s official State Information Service reported. DP World’s chief executive Sultan Ahmed bin Sulayem and GAFI CEO Mohamed Khodair have discussed the next phase of development in Ain Sokhna. The development will increase the capacity of Sokhna port, which sits south of the Suez Canal on the Red Sea on a maritime trade route from Asia to the Middle East and beyond.
Sovcomflot Pushes for LNG-fuelled Vessels
SCF Group's Sovcomflot sees bright future for LNG-fuelled vessels in the tanker industry. "LNG is a promising fuel for large-capacity vessels, which will significantly increase their environmental compatibility and efficiency," says the company. As the world’s leader in the Aframax tanker segment, Sovcomflot is pioneering the conversion of this class of vessel to LNG as a fuel. SCF Group signed a bunkering agreement with Shell for the supply of gas engine fuel for SCF’s Aframax tankers that are specially designed to run on LNG.
ChartCo Acquires Docmap
ChartCo, provider of maritime digital data and compliance services, said it has expanded its range of integrated marine solutions with the acquisition of the at-sea digital document management company Docmap. Oslo-based Docmap AS was founded in 2005 and provides solutions within the health, safety, environmental and quality (HSEQ) operations on vessels and ashore. Its recently launched Docmap 8 software operates both shore side and on board through standard web browsers and incorporates modules for audit control and risk assessment…
NOAA Honors MOL
Mitsui O.S.K. Lines (MOL) is pleased to announce that the United States National Oceanic and Atmospheric Administration's (NOAA) Channel Islands National Marine Sanctuary has honored MOL with an award for the company's participation in the 2016 Vessel Speed Reduction (VSR) incentive program. Launched in 2016 by NOAA's Channel Islands National Marine Sanctuary, Santa Barbara County Air Pollution Control District, Ventura County Air Pollution Control District, National Marine Sanctuary Foundation and Volgenau Foundation…
CMA CGM Strengthening EURAF 5 Services
CMA CGM has announced the strengthening of its position on Europe > West Africa route by becoming vessel operator on its current service EURAF 5. Effective April 5th, 2017, CMA CGM operates 2 vessels on EURAF 5 between North Europe and West Africa South Range. With a weekly frequency, EURAF 5 connects Europe to Angola, the Republic of Congo and the Democratic Republic of Congo. Cameroon is served on a fortnightly basis. Reefer cargo from Abidjan relies on a direct service to Europe with very fast transit times. Antwerp is reached in 15 days, Le Havre in 18 days, Lisbon in 21 days.
INTERCARGO Issues Statement on Loss of Stellar Daisy
INTERCARGO is deeply concerned at the tragic loss of the VLOC vessel STELLAR DAISY reported on 31 March 2017; our thoughts are with the families and loved ones of the seafarers. As long as there is still hope, our wishes are for the missing officers and crew to be found and the loss of life in this sad event to be minimised, as only 2 of them have been rescued so far, and reportedly 22 still missing. INTERCARGO praises the Search And Rescue (SAR) efforts in response to this unfortunate incident.
Hamburg Süd on top in Performance Report
Hamburg Süd takes first place in the SeaIntel Global Liner Performance Report for the month of February 2017 in the category Schedule Reliability for the third time in succession. The company had already reached this top spot in December 2016 as well as January 2017. On the average for 2016, Hamburg Süd achieved second place among 20 container lines rated. “Hamburg Süd takes schedule reliability very serious. Our customers can rely on punctual delivery of their cargo. Within the value chain…
TGP Appoints Roehl as CEO Europe
Joerg Roehl has joined the Trans Global Projects Group (TGP) as CEO for Natco Switzerland AG with the overall responsibility for Europe with effect from 1 April 2017. The international project logistics company TGP Ltd has offices around the world and is headquartered in the United Kingdom. Natco Switzerland AG, an international forwarding agency, has been part of the TGP Group since 2015 and is based in Ruemlang/Zurich. Joerg Roehl has over 25 years of experience in the maritime and logistics industries.
AAPA Elects Cernak As Board Chairman
At its 2017 Spring Conference today, the American Association of Port Authorities (AAPA)—the unified and recognized voice of seaports in the Americas—elected Steve Cernak, chief executive and port director for Broward County, Fla.’s Port Everglades, to serve as the association’s chairman of the board for the 2017-18 activity year that begins in October. Mr. Cernak is slated to be installed as chairman for a one-year term on the final day of AAPA’s 106th Annual Convention, set for Oct. 1-4, in Long Beach, Calif.
AoS Appoints Immingham Port Chaplain
Seafarers’ charity Apostleship of the Sea (AoS) has appointed a new port chaplain. Bryony Watson, 23, is the youngest AoS port chaplain, and joins the port chaplaincy team in Immingham. She spent four years as a volunteer ship visitor before taking on her current role. Born and brought up in Grimsby, she first came to learn about the work of AoS after a talk by Fr Colum Kelly, who leads the Immingham port chaplaincy team. “I was shocked that I knew so little about the lives of seafarers; especially as I'd lived by the sea all my life.
Danos Names Staff Employee of the Year
Danos has announced that Scott Theriot has been named 2016 Staff Employee of the Year. The award is presented each year to a staff member who best embodies the company’s core purpose and values. Theriot first joined Danos in 2003, working part-time as a roustabout and fitter in the company’s fabrication shop in Larose while going to school. After graduating from Nicholls State University in 2008, he was hired full-time as a personnel coordinator. He later worked as a Vessels of Opportunity (VOO) manager before moving into materials management…
APM Could Exit Tacoma
APM Terminals Tacoma has received notification from Matson, Inc., its main customer, that Matson does not intend to renew its current terminal services agreement after its expiration on December 31, 2017. Accordingly, APM Terminals is evaluating all options with respect to its existing terminal lease, which is currently set to expire on December 31, 2017. The terminal, with 12 employees, became part of the Maersk Group portfolio with the acquisition of US-based Sea-Land Service by Maersk Line in 2000.
APM Ready for Business at Lazaro Cardenas
The President of Mexico Enrique Peña Nieto, joined by the Prime Minister of Denmark Lars Løkke Rasmussen, inaugurated APM Terminals Lazaro Cardenas, Latin America’s most technologically-advanced container terminal, with the capacity to receive the world’s largest ships and contribute significantly to Mexico’s future trade growth. The terminal represents an investment of more than US$900 million. Among the one-thousand guests participating in the event, was the Constitutional Governor of Michoacan State, Silvano Aureoles Conejo.
Glander International Bunkering Makes Double Hire in Mumbai
Glander International Bunkering has announced the hire of two new traders for their Mumbai office; Shaifali Gusain and Nildeep Dholakia. The hire is strategically aligned with the company’s continued efforts to cultivate trader talent across its offices worldwide. The group has made several hires in the past year, most recently Andreas Chrysikos as Sales Manager in the Geneva office and Kasper Nygaard as Senior Bunker/Lubricant Trader & Team Leader in the Dubai office. The Mumbai office was opened in 2011 and since then the subsidiary has gone from strength to strength…
Yanmar America Announces Organizational Changes
Effective April 1, 2017, Yanmar America has announced changes to its organizational structure that will strengthen its customer support functions in accordance with the company’s growth strategy through the integration of business functions and a department design that will accelerate results. The company’s current operations functions have been split to form two new divisions – Manufacturing and Operations. The Manufacturing Division will encompass manufacturing, production, quality management and procurement, and will be led by David Smith, current Director of the Operations Division.
KPI Bridge Oil London Ventures Into City of London
KPI Bridge Oil, a global trader and broker in marine fuels, marine lubricants and risk management products, has announced its move to a new location in the City of London. The KPI Bridge Oil Group has strong maritime roots and has been a major stakeholder in the bunker industry for over 45 years. The Group has 9 offices covering all major time zones. The London office serves as the head office for the KPI Bridge Oil Group, home to most of the Group level staff as well as having the largest number of traders.
Liberian Registry Names Tokyo Appointments
The Liberian Registry has appointed Eiji Okazaki as president of the Tokyo office operated by its US-based manager, the Liberian International Ship & Corporate Registry (LISCR). Okazaki was formerly president and CEO of Japanese ship owner and ship manager IMECS Co Ltd, a subsidiary company of the Japanese major trading house, ITOCHU Corporation. He has nearly forty years’ experience of working at an executive level in the shipowning and ship sales and purchase sectors in Japan, Korea, and Europe.
Nor-Shipping names Four Young Entrepreneur Finalists
Nor-Shipping has revealed the shortlist for its coveted Young Entrepreneur Award 2017, with the final four nominees championing innovations with the potential to transform key areas within the global maritime industry. The award, a joint initiative with YoungShip, was conceived to help promote the next generation of shipping innovators, with a focus on those working to address critical issues. Previous winners include Boyan Slat in 2015, the founder of The Ocean Cleanup, and Tør Østervold in 2013, CEO of ECOsubsea.
Donche-Gay Steps Up to BV Group Role
Philippe Donche-Gay, President of the leading international classification society Bureau Veritas, has been promoted to the role of Senior Executive Vice President of Bureau Veritas, reporting to the group’s CEO, Didier Michaud-Daniel. His new role sees him lead the implementation of Bureau Veritas' strategic plans in parallel with his position as President of the Marine & Offshore Division. Philippe Donche-Gay, commenting, said: ‘We have ambitious targets to continue the transformation of our entire business.
India's Box Trade to Grow Double Digits: Maersk
Maersk Line said that the growth of EXIM container trade of India in the current year is likely to be in two digits. The export-import container trade volume of India grew by 10% for the full year 2016, which was double of 2015, that too amid weak global trade. In 2017, the growth is likely to be in two digits provided that India maintains its growth in markets like the Middle East, Latin America and East Africa, enhancing its client portfolio and diversifying the risks, said Maersk in its 2016 Annual India Trade Report.
Glencore Sells Assets to China’s HNA Group
The mining and commodities trading house run by billionaire Ivan Glasenberg, Glencore, has sold a 51 percent stake in its oil products storage business to China’s HNA Innovation Finance Group, the company said. The Transaction is subject to certain regulatory approvals and closing conditions and is expected to close during the second half of 2017. The Transaction will result in a newly incorporated company, HG Storage International (HG Storage), which will consolidate Glencore’s existing petroleum products storage and logistics businesses into a global portfolio of high-calibre assets.
MHI Pact for Domestic Shipbuilders on Forming Alliances
Mitsubishi Heavy Industries (MHI) has reached basic agreements with Imabari Shipbuilding Co., Ltd. and Namura Shipbuilding Co., Ltd. in the wake of ongoing discussions focused on forming alliances in the commercial ship business. Discussions toward concluding a similar alliance with Oshima Shipbuilding continue. The agreements are targeted at achieving sustained growth through the pursuit of mutually complementary, synergy-generating alliances while respecting each partner’s independence, in an overall effort to strengthen the competitiveness of all alliance partners in the global marketplace.
APM Terminals Boosts Walmart Hub at Port of Mobile
APM Terminals Mobile welcomes Arkansas-based global retail giant Walmart’s plans for a new International Distribution Center to be opened 15 miles from the port. The sixth of Walmart’s US international distribution centers, the Irvington, Alabama facility will handle Walmart’s import cargoes destined for Walmart’s Regional Distribution Centers in the American South. The recently completed Panama Canal lock widening project will permit vessels of up to 13,000 TEU capacity to transit the canal…
HMM New Service in North China, Korea and Russia
Hyundai Merchant Marine (HMM) announces the launch of a new North China-Korea-Russia weekly service, under the name of ‘CRN (China Russia North Service)’. The CRN service covers the ports of ‘Qingdao-Shanhai-Ningbo-Pusan-Vladivostok-Vostochny-Pusan-Qingdao’ and will begin on March 31. HMM will deploy one container ship on the route, and FESCO will place two vessels on the route. HMM has been offering CRS (China Russia South Service) services on South China-Middle China-Korea-Russia in cooperation with FESCO and CMA-CGM.
Valletta Declaration on EU Shipping Strategy
European Transport Ministers adopted Wednesday afternoon a ministerial declaration on maritime transport. The declaration outlines priorities for the EU's maritime transport policy, focusing on competitiveness, digitalisation and decarbonisation. The so-called 'Valletta Declaration' was agreed at the end of a two-day ministerial stakeholder conference organised by the Maltese Presidency of the EU. European Community Shipowners’ Associations (ECSA) President Niels Smedegaard congratulated…
MOL Safety Conference 2017 Held in Four Cities
Mitsui O.S.K. Lines (MOL) has announced that from late February through late March, the company held MOL Safety Conference 2017 programs, targeting MOL Group seafarers, in four locations worldwide. The cities were Split (Croatia), Mumbai (India), Manila (The Philippines) and Tokyo (Japan). Senior Managing Executive Officer Captain Masaaki Nemoto, who also serves as Director General of Safety Operations Headquarters, and many other MOL executives and staff members also participated in the conferences.
ABS' Wiernicki Receives Vanderbilt Alumni Award
ABS Chairman, President and CEO Christopher J. Wiernicki has been inducted to the Vanderbilt University School of Engineering Academy of Distinguished Alumni and also named to the Vanderbilt University School of Engineering’s Board of Visitors. Prior to receiving the Distinguished Alumni Award, Wiernicki served as the keynote speaker to discuss the absolute value of talent through the emerging needs in tomorrow’s workplaces while addressing fellow alumni and friends of the university at a Commodore Classroom event held Tuesday, March 28, in Houston.
Simulation: Maritime Professional Training
In South Florida sits MPT, one of the most prolific and progressive maritime training facilities. Already fully stocked, MPT added significant weight to its offering in 2016 with investment in 25,000 sq. ft. of new training space and technology. MPT handles more than 12,000 students a year from all segments of the maritime industry and from more than a dozen countries. With that range MPT has students from ship operators, tug companies, passenger vessels, offshore and energy exploration companies…
Freightos Raises $25 Mln Extension Funding
Freightos, a logistics technology company bringing freight online, has announced the completion of a $25 million Series B extension round, led by GE Ventures, with participation by additional investors that bring the company’s total funding to $50 million. The funds will be used to scale the Freightos Marketplace globally while continuing development of Freightos’ software suite of global freight pricing, routing, and sales automation. Since its July 2016 launch, the Freightos Marketplace has grown exponentially…
Nakilat Holds Fleet Officers Meeting in Doha
Nakilat held its bi-annual Fleet Officers Meeting (FOM) from March 27-28, 2017 at the InterContinental Hotel in Doha, Qatar. Held in Qatar for the first time, the event was attended by about 50 Officers from Nakilat’s LNG and LPG fleets, including those working onboard the vessels newly transitioned to Nakilat-management. The event provided them with the opportunity to interact with one another and share their knowledge and experience on various topics pertaining to ship operations, with a distinct focus on safety.
World's Largest Containership Delivered
The world's largest containership, MOL Triumph, was delivered to Mitsui O.S.K. Lines (MOL) from Samsung Heavy Industries on March 27, 2017. MOL's newest vessel, the first of a fleet of six 20,000 TEU-class containerships for the company, was named MOL Triumph in a ceremony at SHI in South Korea on March 15, 2017. At 400 meters in length and 58.8 meters in width, MOL Triumph is currently the world's largest containership. With a capacity of 20,170 TEU, the vessel is the first 20,000 TEU-class containership deployed in THE Alliance's Asia to Europe trade via the FE2 service.
FMC's Doyle OKs Boxship Pact
Commissioner William P. Doyle of the Federal Maritime Commission issued the following statement today, Agreement to go into effect March 30, 2017. I voted today to allow the agreement styled the “Maersk/MSC/HMM Strategic Cooperation Agreement” to go forward. The parties to the agreement are Maersk Line, Mediterranean Shipping Company (MSC) and Hyundai Merchant Marine (HMM). However, I take this opportunity to convey to the parties concerns related the shipping public, American businesses and consumers.
Greenock Ocean Terminal Aims to Double Its Business
Scotland’s deepest container terminal expects to double its business in the next five years thanks to the opening of £400million ‘sister’ terminal – Liverpool2. Owned by Peel Ports, Greenock Ocean Terminal – recognized across the world for its role in exporting goods including Scotch whisky and Scottish food stuffs – has projected that it will handle 200,000 TEU (twenty foot equivalent units) containers a year by 2021, representing a 100percent increase on today’s 100,000 units.
Future Care CEO Discusses Tele-medicine for Maritime
Future Care, Inc. CEO Christina DeSimone presented at this year’s CMA Shipping 2017 Conference, held in Stamford, Conn., where she discussed the mitigation of crewmember medical claims utilizing innovative techniques, such as Tele-Medical Physician Advice at Sea and Future Care’s unique Caring for the Crew Program. DeSimone focused on the idea that medical triage for crewmembers begins on board the vessel, and should be utilized for any medical incident, no matter how small. Primary health care aliments in particular require immediate treatment on board…
Greencarrier Freight Services Appoints New CEO
Greencarrier Freight Services, one of the Nordic region’s largest privately owned companies specializing in global transport solutions, has appointed Johan Jemdahl as CEO. Jemdahl has wide experience in production and supply chain management around the world and was most recently MD for Ericsson in Nigeria. He has been on Greencarrier’s board of directors for the last four years. Stefan Björk, Chairman of the Greencarrier board, says: “Johan’s previous experiences as both supply chain manager and as MD will be of great benefit to us.
CMA CGM, PSA Container Terminal JV in Singapore
The CMA CGM Group and PSA have kicked off the second phase of their container terminal joint venture in Singapore. Officiating the event were François Hollande, President of the French Republic, and Khaw Boon Wan, Coordinating Minister for Infrastructure and Minister for Transport, Singapore. The CMA CGM - PSA Lion Terminal (CPLT) started operations with two mega container berths at PSA Singapore’s Pasir Panjang Terminal 5 (PPT 5) that had an initial annual capacity of 2 million TEUs (twenty-foot equivalent units) in July 2016.
Antwerp Port Authority Centralises Operational, Maintenance Departments
In order to streamline the Port Authority's technical and nautical departments and improve the service to customers, these departments are being centralised to form a joint cluster. Three large new facilities will be set up at the site on quays 602-612: a central workshop (for the technical services), a nautical building (for the tug, dredging and crane services) and two floating dry docks with widths of 45 and 55 metres respectively. Together the new cluster at quays 602-612 will employ around 500 people. At a later stage the site will also house the Shipping Police.
Antwerp Focuses on India, China and Eastern Europe
Malini Dutt, Robert Feng and Martin Hubenack have recently been appointed to represent the port of Antwerp in India, China and Eastern Europe respectively. This brings the number of port representatives to 12, reinforcing Antwerp's presence in its core hinterland and important overseas growth regions. The task of these representatives is to keep Antwerp "top of mind" with local companies, ports, chambers of commerce and other players. With an annual freight volume of 6.4 million tonnes carried between it and the Indian ports, Antwerp is the European market leader for this region.
Beech Group's Kemp is Maritime Industry Rising Star
Demolition and remediation experts Beech Group has announced Group Financial Controller Lauren Kemp as a winner of this year’s Rising Star Award in the region’s most prestigious maritime industry awards. Chris Wainwright, Managing Director at Beech Group. who entered Lauren for the Mersey Maritime Industry Awards (MMIAs), said he was delighted that the work and achievements of one of his younger members of staff had been publicly acknowledged. He said: “Lauren’s win is testament to her tremendous hard work and dedication.
Singapore Approves Japan Shipping JV
The Competition Commission of Singapore (CCS) has given the nod to a proposed joint venture between three Japanese shipping lines. Japan’s big three shipping groups, Kawasaki Kisen Kaisha (K Line), Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK), announced last year an integration of their container shipping business with the establishment of a joint venture by 1 July 2017 and the commencement of joint servce from 1 April 2018. Under the JV, the Parties will merge their container liner shipping business, and their container terminal services businesses outside Japan.
JSW to Invest USD 1.1bln on Ports
JSW Group will invest INR 7,000 crore (USD 1.1bln) more in the ports sector over next three years to create assets in the country as well as abroad, PTI reported. The company is also looking at diluting up to 15 percent stake in the ports operating company, JSW Infrastructure, to a private equity player soon, and take it public by 2019. JSW Infrastructure Ltd (JSWIL), a 100% subsidiary of Sajjan Jindal led-JSW Group, has also drawn up a master plan to develop its Jaigarh Port in Konkan as one of India’s biggest ports that could receive big bulk carriers, LNG, LPG and oil tankers.
Anthony and Nicolás Remain on Hapag-Lloyd Board
Hapag-Lloyd AG has announced the continuity in the executive management - Anthony J. Firmin remains COO and Nicolás Burr remains CFO. The Supervisory Board of Hapag-Lloyd AG extended the Executive Board contracts of Anthony J. Firmin (COO) and Nicolás Burr (CFO) by two years until 30 June 2019 and 29 February 2020 respectively. “In this important phase involving the upcoming closing and subsequent integration of UASC, we are counting on continuity in the executive management.
Hapag-Lloyd: Positive Operating Result in a Challenging Environment
Hapag-Lloyd AG remains bullish on the substantial earnings contribution from synergies from CSAV acquisition and OCTAVE cost-cutting programme alongwith further synergies expected due to the merger with UASC. Hapag-Lloyd closed the 2016 financial year with EBITDA of EUR 607.4 million (previous year: EUR 831.0 million) and an operating result (EBIT) of EUR 126.4 million (previous year: EUR 366.4 million). These figures are taken from the 2016 annual report, which was published today. The Group net result came in at EUR -93.1 million (previous year: EUR 113.9 million).
GasLog Partners buy GasLog Greece
Greece-based GasLog Partners LP has reached an agreement to buy 100% of the shares in the entity that owns and charters the liquefied natural gas (LNG) tanker GasLog Greece from GasLog Ltd. The aggregate purchase price for the Acquisition will be $219 million, which includes $1 million for positive net working capital balances to be transferred with the vessel. GasLog Partners expects to finance the acquisition with cash on hand, including proceeds from its recent equity offering, and the assumption of $151 million of GasLog Greece's existing debt.
Norway's Solstad Offshore, Farstad Shipping and Deep Sea Supply Agree Merger
Norwegian OSV companies Solstad Offshore, Farstad Shipping and Deep Sea Supply have signed off on merger plans first announced on February 6, 2017. The statutory merger plans have been approved and signed by the boards of Solstad, Farstad, DESSC and Solstad’s relevant subsidiaries, into which Farstad and DESSC will be merged. Deep Sea Supply and Farstad Shipping will merge into and be established as individual subsidiaries under Solstad Offshore, with shareholders of Deep Sea Supply and Farstad Shipping receiving shares in Solstad Offshore as consideration.
Hapag-Lloyd Says Prospects Buoyed by Rising Freight Rates
German container shipping company Hapag-Lloyd expects increased operating earnings this year, it said on Friday, citing a rise in freight rates as market conditions improve. The shipping industry has been grappling with a prolonged downturn brought about by overcapacity in a faltering global economy, but Hapag Chief Executive Rolf Habben Jansen pointed to signs of upward momentum. "We expect some market improvement in 2017, but our success will largely depend on our ability to achieve more sustainable freight rates," he said.
Kull Named President of Torqeedo Group
Marcia Kull has been named President of Torqeedo Group, Inc., and will direct global sales and strategy for the electric and hybrid marine propulsion systems manufacturer. Kull will oversee Torqeedo’s growth activities in the Americas, EMEA and Asia-Pacific regions. The newly created position is an expansion of the current management team. She will assume her new role on May 1, 2017. Kull joins Torqeedo from Volvo Penta of the Americas, where she was most recently Vice President, Marine Sales.
First Coast Guard Ancient Tridents Named
U.S. Coast Guard leaders and guests joined together Thursday to recognize Rear Admiral Linda Fagan and Master Chief Petty Officer Richard "Shane" Hooker, the first Ancient Tridents, at the Ancient Trident Ceremony held at the Alexander Hamilton Custom House. "It's a proud day for the marine safety community as the Ancient Tridents Gold and Silver joins the lineage of the Ancients," said Rear Admiral Linda Fagan, the deputy commandant for operations, policy and capabilities. Among the distinguished guests in attendance were Commandant of the Coast Guard…
Mumbai Harbour Channel and JN Port Channel to Expand
The Cabinet Committee on Economic Affairs, India chaired by the Prime Minister Narendra Modi here on Wednesday approved fresh estimates of the project Deepening and Widening of Mumbai Harbour Channel and JN Port Channel (Phase-II). The cost of the project will be Rs 2029 crore excluding the Service Tax. The entire project cost will be funded through internal resources of JN Port Trust (JNPT) with market borrowing, if necessary. The project includes the existing channel to be widened from presently 370 m to 450 m for straight reach, channel to be extended from existing 33.5 Kms to 35.5 Kms.
Maersk Line, Hamburg Sud Offer Merger Concessions to Gain EU Approval
Maersk Line, the world's biggest container shipping firm and part of Danish conglomerate A.P. Moller-Maersk, has offered concessions to EU antitrust regulators in an attempt to get approval for the takeover of German rival Hamburg Sud. A ruling on the deal, one of several in an industry seeking consolidation to offset low freight rates and oversupply, will now be given by the European Commission by April 10, according to the commission's website on Wednesday. The deadline was…
Shipping Confidence Steady despite Industry, Political Pressures
Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. In February 2017, the average confidence level expressed by respondents was 5.6 out of 10, unchanged from the previous survey in November 2016 and equal to the highest rating since August 2015. Owners were the only main category to show an improved level of confidence, up from 5.4 to 5.6.
Container Shippers Ordered to Testify in US Investigation
The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation into an industry that is the backbone of global trade, the companies said on Wednesday. The world's biggest container shipper, Denmark's A.P. Moller-Maersk, Germany's Hapag Lloyd, Taiwan-based Evergreen, Hong Kong-based Orient Overseas Container Line (OOCL) said their executives were among those who had been subpoenaed. The United States is concerned that the proposed alliances of several major companies…
Thessaloniki Port Workers Plan Stoppage to Protest Port Sale
Workers at Greece's second-biggest port, Thessaloniki Port, will walk off their job for a few hours on Wednesday to protest the port's sale, a key condition of the country's international bailout. The sale was launched in 2014 but has been plagued by delays and political resistance. As part of its privatisation drive under its latest bailout, Greece has given investors until March 24 to submit binding bids for a 67 percent stake in the port and taking over its operation for 40 years.
Crowley, Penn Terminals Sign Multi-year Services Agreement
Crowley Maritime Corporation said it has signed a multi-year stevedoring and terminal services agreement with Penn Terminals in Eddystone, Pa., to accommodate the company’s weekly Northeast container shipping service to and from San Juan, Puerto Rico. Crowley, which has served the Northeast market from Petty Island in Pennsauken, N.J., continuously since 1983, will begin service from Penn Terminals January 1, 2018. With Crowley’s lease at Petty Island expiring at the end of this year…
O’Hollaren Named Port of Portland Marine Marketing Director
The Port of Portland has hired Ken O’Hollaren to lead the Port of Portland’s marine marketing efforts, starting March 20, 2017. O’Hollaren previously served as the executive director of the Port of Longview and the Port of Port Angeles, and brings more than 25 years of experience in the maritime industry to the role. Additionally, O’Hollaren served as the chair of the Interstate Columbia River Improvement Project, responsible for the project to deepen the Columbia River shipping channel, and is a past chairman of the American Association of Port Authorities.
Bahri Opens Office in Houston
Bahri has opened its second North American office in Houston, home to one of the country’s largest breakbulk and general cargo ports. The new location is Bahri’s second in North America, following Bahri Logistics (America), which has been operating out of Bahri’s U.S. headquarters in Baltimore since 1992. The Bahri (America) Houston office will be led by Cliff Kuhfeldt, an 18-year shipping industry veteran, who will be responsible for the U.S. Gulf and South Atlantic territory reporting to Steven Blowers, Country Manager, Bahri Logistics (America).
SM Group Mulls More Takeovers
South Korea’s Samra Midas Group (SM Group) said that it is looking to acquire some overseas shippers, among other businesses in an effort to expand its foothold in the maritime sector, Yonhap News Agency cited one of the company’s officials. SM Group, which was picked as the preferred bidder for STX Corp., a general trading company, last week, also purchased the now-defunct Hanjin Shipping Co.'s U.S.-Asia route and other assets for 37 billion won (US$32 million) late last year. SM Group plans to pour 130 billion won ($115 million) into STX.
DP World’s Net Income Exceed USD 1 Bln for First Time
Dubai-based port and terminal operator DP World announced strong financial results from its global portfolio for the twelve months ending 31 December 2016, despite “significant challenges” in the industry. On a reported basis, revenue grew 4.9% and adjusted EBITDA increased 17.4% with adjusted EBITDA margin of 54.4%, delivering profit attributable to owners of the Company, before separately disclosed items, of $1,127 million, up 27.6%, and EPS of 135.7 US cents. Its volumes have continued to grow ahead of the market with gross volumes growing 3.2% vs. Drewry full year market estimate of 1.3%.
MSRC Delivers PPU Presentation to Mexican Pilots
The Maritime Simulation Resource Centre (MSRC), a pilot simulation training and port feasibility studies facility, recently gave a presentation on Portable Pilot Units (PPUs) to the directors of all the Mexican Pilots Associations. The day-long workshop was given at the request of Captain ALT. Mario Alejandro Camacho Vidal, Secretario General del Sindicato Nacional de Pilotos de Puerto. Thirty marine pilots from across Mexico received detailed information on how PPUs operate and…
Shell Marine Secures IMPA ACT Accreditation
Shell Marine said it has become the first company involved in the development, supply and support of marine lubricants to receive accreditation under the International Marine Purchasing Association’s IMPA ACT Sustainable Maritime Suppliers scheme. The preferred supplier status is conferred within the IMPA Responsible Supply Chain Management Initiative which seeks to improve the economic, social and environmental sustainability of international shipping and marine industries. “We…
Danos Posts Best Safety Record in Company History
Danos completed 2016 with a Total Recordable Incident Rate (TRIR) of 0.11, the lowest since the company began tracking the data in 1979. The company credits this record to its comprehensive safety management system and the dedication of employees at every level. Danos’ comprehensive approach to safety begins with the hiring process, ensuring that all employees are tested, screened and selected based on strict criteria. Once onboard, new hires undergo a multilevel orientation program that provides both general and job-specific training and education.
Ezra Holdings Files for Bankruptcy in US
Oilfield services firm Ezra Holdings of Singapore filed for U.S. Chapter 11 bankruptcy at the weekend, blaming a prolonged slump in the energy industry, Reuters reported. Ezra has been facing hostile actions from creditors at home and abroad as it struggles to recover from a slump in oil prices over the past three years. The company filed voluntary petitions for reorganization under Chapter 11 of the US Bankruptcy Code, according to a stock exchange filing on Sunday. Ezra will…
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…
Bahri Meets with Saudi Arabia’s Ambassador to the US
Bahri’s CEO meets HRH Prince Abdullah bin Faisal bin Turki bin Abdullah Al Saud at the high-level gathering in the Royal Embassy of Saudi Arabia in Washington, D.C. A senior-level Bahri delegation met with His Royal Highness Prince Abdullah bin Faisal bin Turki bin Abdullah Al Saud, Saudi Arabia’s Ambassador to the United States, at the Royal Embassy of Saudi Arabia in the U.S. capital. The delegation, which is currently on an official visit to the U.S., was headed by Bahri’s CEO Eng. Ibrahim Al-Omar and other senior executives from the company.
Hapag-Lloyd Postpones UASC Takeover
German container shipper Hapag-Lloyd on Friday postponed the completion date for its takeover of United Arab Shipping Company (UASC) to May 31 from March 31, but said the deal, worth 7 to 8 billion euros ($7.52-8.60 billion), was not at risk. All merger clearances and regulatory approvals and all necessary banking approvals from Hapag's side have been obtained as have most banking approvals from Dubai-based UASC’s side, it said. Delays in finalising a deal set to create one of…