CMA CGM to Tap Indonesian Market
CMA CGM aims to increase its market share in Indonesia to 20 percent by year-end from the current 13 percent, reported The Jakarta Post. The company's senior vice president in Asia, Jean-Yves Duval said that with aggressive marketing, as well as longer and more efficient routes, we believe we can have 20 percent of the market by end of 2017. Recently, the Transportation Minister Budi Karya Sumadi and PT Pelabuhan Indonesia II President Director Elvyn G Masassya welcomed the arrival of the largest container ship CMA CGM Otello which berthed at Jakarta International Container Terminal.
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.
Newark Container Terminal Handles Record Volumes
Port Newark Container Terminal (PNCT) handled a record number of container volumes without disruption to its customers following its January 2017 upgrade to the N4 terminal system. The move to Navis N4 is part of PNCT’s $500 million infrastructure modernization project that is expected to nearly double the terminal’s capacity by 2019. Located within the Port of New York and New Jersey—the largest port on the East Coast and third largest in the U.S.—PNCT is among the most important terminals responsible for moving cargo throughout the nation and abroad, handling 1.3 million TEUs annually.
Why Attend the Ferry Safety & Technology Conference?
The Worldwide Ferry Safety Association (WFSA) will host its upcoming Ferry Safety and Technology Conference May 11 and 12 in downtown New York. Besides the awards to winners of the Ferry Design Competition, there are many reasons to attend the conference. Below are a dozen. 1 - Learn about innovative new ferry systems in Africa, Asia and North America – ferry systems from which we can learn and that will need safety, communications, IT, training – equipment and services. 2- Listen to ferry operators from Bangkok, Manila and Abidjan as they speak about their challenges and successes.
Greece Gets Three Improved Bids For Thessaloniki Port Sale
Greece received three improved binding financial bids for a majority stake in Thessaloniki Port , its second-largest, the country's privatisation agency (HRADF) said on Friday. Last month HRADF got three bids for a 67 percent stake in Thessaloniki Port. The bids were submitted by Philippines-based International Container Terminal Services (ICTS), Dubai-based P&O Steam Navigation Company (DP World) and German private equity firm Deutsche Invest Equity Partners, jointly with France's Terminal Link SAS.
Port Manatee, World Direct Extend Shipping Deal
Port Manatee has extended its agreement with World Direct Shipping to maintain its swift weekly service between the Florida Gulf Coast port from the Mexican state of Veracruz for as many as five more years. Under a lengthened pact approved April 20, by the Manatee County Port Authority, World Direct Shipping has committed to bring refrigerated produce and other goods into Port Manatee from the Port of Coatzacoalcos through at least Dec. 31, 2019, with a pair of one-year options extending through the end of 2021.
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.
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.
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…
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.
DynaCERT Secures CE Certification for Hydragen Technology
dynaCERT Inc. has received CE certification for its HydraGEN technology. Specifically, the models HG1 (Class 6-8 trucks), HG2 (Class 2-5 trucks, refrigerated trailers and shipping containers) and HG3 (diesel-powered ocean ships, locomotives and stationary generators) will all now carry the CE mark for shipments to clients within Europe. This signifies that products sold in the European Economic Area (EEA) have been assessed to meet high safety, health, and environmental protection requirements. This also applies to products made in other countries that are sold in the EEA.
CSN Iron Ore Terminal Not Operating after Accident
The loading of iron ore at Brazil's Itaguaí terminal operated by mining and steel firm Companhia Siderúrgica Nacional, or CSN, have been halted since Saturday due to an accident, sources and the Itaguaí Port Authority told Reuters on Wednesday. Some Capesize bulk carriers that were waiting to load iron ore at the terminal are being put back into the charter market, said a German shipping source, due to the impossibility to load the product in Brazil. CSN confirmed the accident, but had no immediate information regarding Itaguaí operations.
US, Canada Cargo Theft Trends for 2017
CargoNet recorded 358 supply chain risk incidents across the United States and Canada. Of those 358 incidents, 58 percent involved theft of a trucking vehicle, 54 percent involved theft of cargo, and 7 percent were classified as fraud (often identity theft and wire fraud). In total, 192 cargo theft events were recorded, and the cargo in each theft was worth an average of $149,522, bringing the total estimated loss to $28.7 million for the quarter. There were 339 trucking vehicles reported stolen, including 137 tractors and 143 trailers.
North P&I Encourages Use of Seagulls' Crew Evaluation System
North P&I Club is encouraging its ship owner members to consider the crew evaluation and benchmarking service offered by Seagull Maritime AS through an exclusive partnership between the two organizations. The initiative is part of North's campaign to support its members in their aim to attract, recruit and retain the ‘right crew’ for their ships. Over the next 12 months any North shipowner member wishing to assess its existing and potential crew members – whether directly employed…
Nakilat Holds 21st Qatar Project Shipping Forum
Nakilat organized the 21st Qatar Project Shipping Forum (QPSF) in London from April 18-19, 2017. The bi-annual Forum gathered Nakilat’s joint venture partners, ship operators and charterers to discuss numerous matters concerning the Nakilat fleet as well as the general shipping and maritime industry. This semi-annual Forum brings together many owners of leading international shipping companies along with ship charterers such as Qatargas and RasGas. Initiated and established by Nakilat since 2006…
New Quetzal Terminal Welcomes CSAV Traiguen
The 8,600 TEU capacity CSAV Traiguen became the largest container ship to call a Guatemalan port when it arrived at Terminal de Contenedores Quetzal (TCQ) on Guatemala’s Pacific Coast on April 12th, 2017, on the maiden call of German-based Hapag-Lloyd’s Mediterranean Pacific (MPS) service. The previous record of 5,500 TEU was established just a month ago with the arrival of the Maersk Gironde into TCQ on March 26th. TCQ, which was acquired by APM Terminals in March 2016 while under construction, opened for operations earlier this year, with the first trial vessel call completed in February.
Seanergy Bags Time Charter for Capesize Bulker
Seanergy Maritime Holdings Corp has entered into a time charter contract (T/C) with a major European charterer, for one of its Capesize dry bulk vessels, for a period of about 18 months to about 22 months. The T/C is for the 180,000 dwt Capesize vessel M/V Lordship and is expected to commence in June 2017, upon expiration of the vessel's current T/C with the same charterer. The net daily charter hire is index-linked rate based on the 5 T/C route rate of Baltic Capesize Index (BCI).
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.
Reed Joins WSP | Parsons Brinckerhoff
James Reed has been named maritime manager for the Pacific Northwest at WSP | Parsons Brinckerhoff, a global engineering and professional services organization. In his new position, Reed will be responsible for business development, client relations and management of projects within the firm’s Pacific Northwest maritime business sector. He will be based in the Seattle office. Reed has more than 34 years of experience as a civil engineer, project manager, construction manager and quality assurance/quality control manager for planning…
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.
Sarda to Integrate INTTRA Ocean Shipping Solutions
Ocean shipping electronic marketplace INTTRA and Sarda d.o.o., a Croatian-based software development company specializing in maritime transportation, announced an alliance under which Sarda has integrated INTTRA ocean shipping solutions, including Container Booking, Shipping Instructions, Container Tracking (Track & Trace) and INTTRA eVGM, into Sarda's software. Sarda will also serve as a reseller for INTTRA eVGM, a solution to facilitate SOLAS VGM compliance. “Accessing INTTRA's…
First Ocean Vessel of 2017 Arrives at Port of Indiana
The first ocean vessel of the year arrived at the Port of Indiana-Burns Harbor marking the official opening of the international shipping season. Port officials welcomed the 413-foot general cargo carrier BBC Mont Blanc and presented the captain with the Ports of Indiana Steel Stein. "The arrival of the first ocean ship of the new year is an exciting time not only for our port, but also for our port companies and numerous other regional businesses that rely on the cargoes these vessels carry," said Port Director Ian Hirt. "For northwest Indiana, the opening of the St.
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.
High-tech VTS System to Guide Iron Ore Giants
One of Australia’s most important economic gateways will soon house a state-of-the-art shipping management control system to be installed at Port Hedland, the world’s largest bulk export port. The system includes a command and control system integrated with advanced radar, long-range closed circuit TV and voice radio technology to safely manage and guide thousands of ship movements in and out of the tidally constrained port with pinpoint precision. The Vessel Traffic Service (VTS)…
World's Largest Containership in Shanghai
MOL Triumph, the world's largest containership with a carrying capacity of 20,170 TEU, successfully arrived at Yangshan Port in Shanghai on April 10, 2017, said Mitsui O.S.K. Lines, Ltd. MOL took delivery of MOL Triumph, the first of six 20,000 TEU-class containerships from Samsung Heavy Industries on March 27, 2017. At 400 meters in length and 58.8 meters in width, MOL Triumph is longer than the Oriental Pearl Radio and TV Tower of Shanghai is tall. MOL established MOL (China) in Shanghai in 1995.
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…
Cloud-Based Global Trade Management: the Sky is the Limit
A new, cloud-based solution leverages global trade compliance to streamline trade and logistics. The global supply chain might never be the same – and that’s a good thing. Global Trade Management (GTM) can be defined as the practice of streamlining the entire lifecycle of global trade across order, logistics and settlement activities to improve operating efficiencies and cash flow. Separately, IT research firm Gartner defines foreign/global trade compliance (GTC) as “a category…
WSP|Parsons Brinckerhoff Names Kennedy Maritime Manager
Daniel Kennedy is named maritime manager in New England for WSP | Parsons Brinckerhoff, a global engineering and professional services organization. In his new position, Kennedy will manage maritime consulting operations throughout New England, responsible for business development, marketing and project execution. Based in the Boston office, he will provide oversight, management, design and coordination services for major projects involving port and marine facilities. Kennedy…
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…
Quality of Ocean Carriers “Poor to Average”
The service provided by container shipping lines is rated as poor to average and has deteriorated in the past year, according to a survey of exporters, importers and freight forwarders conducted jointly by Drewry and the European Shippers’ Council (ESC). The ESC and Drewry contacted several hundred shippers and forwarders from all over the world in March 2017 and asked them how satisfied they were with 16 price and non-price related attributes of the services provided by ocean carriers. The survey also looked into areas most in need of improvement and how quality varies by type of carrier.
Biggest Ship to Ever Visit US East Coast
Wide, deep channels and big-ship infrastructure will earn South Carolina Ports Authority the desired position as last port of call when the biggest ship ever to call the US East Coast, the COSCO Development, arrives in May. "SCPA has worked aggressively for years to ensure we can efficiently work 13,000 twenty-foot equivalent unit (TEU) vessels and be the last Southeast port of call with no navigational issues," said Jim Newsome, SCPA president and CEO. "Our naturally wide and deepwater harbor…
MAQTA Gateway Achieves Complete Digitalization
Abu Dhabi Ports said it has introduced a new stream of digital services in the field of import and export operations for RORO and General Cargo to provide customers and stakeholders accessibility to new benefits from the automation of operational processes and services through its Maqta Port Community System (PCS). The new service marks the completion of the digitalization of all operational services, following the success in providing digital services for container and cruise vessels across Abu Dubai’s commercial ports in 2016.
Georgia Ports Authority Reports Record Growth
The Georgia Ports Authority experienced strong growth in containerized, auto and breakbulk trade in March. The Port of Savannah moved 311,770 twenty-foot equivalent units last month, an increase of 5.6 percent or 16,621 TEUs. Total tonnage across all terminals increased 9.8 percent (258,627 tons), moving 2.89 million tons for the busiest March ever in the Authority's history. "Strong demand from retail and manufacturing customers -- both in the U.S. and abroad -- is driving growth in Savannah and Brunswick," said GPA Executive Director Griff Lynch.
CMA CGM Improves Canada to West Africa Service
CMA CGM announced a significant improvement of its product from Montreal, Canada to Africa West Coast strategic markets. Starting May 6th, 2017 with the opening of the new service Med Canada, CMA CGM will connect Montreal cargo to West Africa with our 6 EURAF services via the hub of Tangiers. Transit times will be shortened up to 12 days. Apapa will be reached in 25 days Angola, Congo, the Democratic Republic of Congo on EURAF 5 and Gabon, Equatorial Guinea on EURAF 4 will continue to be connected on St Laurent service.
ASF Intermodal Chose BigRoad’s Compliance Solution
ASF Intermodal, a full service drayage provider and transportation broker, has chosen BigRoad’s DashLink electronic logging device to achieve ELD mandate compliance. Their fleet of 500 owner-operators drove the decision, choosing the driver-friendly solution. “We were using an ELD solution from another provider until we discovered how expensive it would be to upgrade the hardware. They wanted us to pay upfront, which didn’t make sense for our fleet of owner-operators,” said Amanda Hall, Vice President of Safety at ASF Intermodal.
SC Ports Reports Record Box Volume in March
The South Carolina Ports Authority announced the strongest monthly container volume in its history, with 192,411 twenty foot-equivalent units (TEUs) handled in March. The month was nearly 13 percent higher than March 2016 and surpassed SCPA's previous record, set in January 2017, by more than 7,000 TEUs. Fiscal year to date, the Port has handled 1.58 million TEUs. “The record volumes achieved by SCPA in March result from our broad-based efforts to increase our cargo base by providing good service to clients and enhancing our service offering,” said Jim Newsome, SCPA president and CEO.
Maersk Gains Approval for Hamburg Sud Takeover
World No. 1 shipping company Maersk Line gained EU antitrust approval on Monday for its acquisition of Hamburg Sud (HSDG) after agreeing to pull the German company out from five consortia on trade routes to address competition concerns. The bid by Maersk, part of Denmark's A.P. Moller-Maersk , underscores the wave of mergers in an industry struggling with over-capacity and slowing global trade. Hamburg Sud will withdraw from the consortia on trade routes connecting northern Europe to central America…
LNG Innovation: Wison's LNG Distributor
The Wison-LNG-Distributor (LNGD) is a new multi-functional carrier with scalable capacity between 5000 to 20,000 cu. m. Wison-LNGD integrates the functions of LNG loading, bunkering and container delivery, which could make regional LNG redistribution more affordable and efficient. Wison’s LNG Distributor has been purposely designed to distribute partial loads to coastal areas in regions such as Indian subcontinent, Southeast Asia, the Caribbean, and Northern Europe. Being designed to operate at a shallow draft of 4.5m…
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.
Greece Calls for Improved Thessaloniki Port Bids
Hellenic Republic Asset Development Fund (HRADF) asked for improved financial bids from short-listed investors seeking to buy a majority stake in its second-largest port, reports Reuters. Greece’s privatization agency (TAIPED) got three offers last month for the sale of a 67 percent stake in Thessaloniki Port, which is required as part of Greece’s international bailout. The investors are Philippines-based International Container Terminal Services (ICTS), Dubai-based P&O Steam Navigation Company (DP World) and German private equity firm Deutsche Invest Equity Partners…
FMC Oks Virginia/Georgia Port Agreement
Port authorities in Virginia and Georgia will be allowed to engage in discussions about a variety of commercial and operational topics as a result of the U.S. Federal Maritime Commission (FMC) voting to allow the "East Coast Port Gateway Terminal Agreement" to go into effect. The Virginia Port Authority and the Georgia Ports Authority filed their agreement with the Commission on February 24, 2017. Their agreement becomes effective Monday, April 10. Under the terms of the agreement…
Greece Asks Investors to Improve Bids for Thessaloniki Port Sale
Greece's privatisation agency (HRADF) asked on Friday for improved financial bids from shortlisted investors seeking to buy a majority stake in its second-largest port. Athens got last month three offers for the sale of a 67 percent stake in Thessaloniki Port, which is required as part of its international bailout. The investors are Philippines-based International Container Terminal Services (ICTS), Dubai-based P&O Steam Navigation Company (DP World) and German private equity firm Deutsche Invest Equity Partners which is bidding jointly with France's Terminal Link SAS.
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.
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…
Port of Hamburg Consolidates Role in Austria
With record total volume of 296,000 TEU in 2016, the Port of Hamburg remains Austria’s most important trading partner in containerized shipping. The background for this view is that more and more decision-makers are realizing that 98 percent of shipments to and from Austria via Hamburg are being handled by environment-friendly rail. ‘At a time when ecological footprint per container is of growing importance, this gives the Port of Hamburg a crucial competitive advantage,’ states an optimistic Alexander Till.
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.
The Institute Increases Access to Resources in China
The Institute of Chartered Shipbrokers (The Institute) has signed a strategic agreement with China's Ministry of Transport & Shanghai International Shipping Center to expand the delivery of its professional education services. It promotes co-operation between The Institute and the Ministry of Transport which is designed to improve professional standards for shipping personnel in China and increase opportunities for international exchange in educational excellence. The Institute…
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.
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.
Chinese Dry Bulk Import Up 20% in February
Chinese seaborne dry bulk import totaled 124Mt in February, up a massive 20% compared to the same month last year when adjusted for the extra day in February last year, says Klaveness dry bulk research report. YTD import is up 17% compared to the same period last year. The import of the top 4 commodities (Iron Ore, Thermal & Coking coal and Soybeans) increased with 19% YoY (+13.3Mt). YTD imports are up 19% compared to the same period last year. Excluding those 4 commodities from the figures, imports in February were up 27% YoY (+5.1Mt).
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.
OCEAN Alliance Launch Announced
CMA CGM, a leading worldwide shipping group, launches Saturday April 1st the 40 new maritime services of its new operational alliance OCEAN Alliance. Combining this new offer of maritime services with a global intermodal and logistics offer, CMA CGM Group and its subsidiaries supply its customers with tailored solutions, even more competitive on the routes Asia-Europe, Asia-Mediterranean, Asia-Red Sea, Asia–Middle East, Trans-Pacific, Asia-East Coast of North America trades and Transatlantic.
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…