VIDEO: Profiles in Training - Mike Corrigan, CEO, INTERFERRY
Mike Corrigan, the ubiquitous leader of Interferry, has a broad base of energy and maritime industry experience, including his stint as CEO of BC Ferries. Corrigan shares with Maritime Reporter & Engineering News his thoughts on a broad range of issues facing the ferry industry: COVID-19, emerging international regulations, and yes, maritime training and education initiatives throughout the world ferry industry.Looking back to your tenure atop BC Ferries, can you discuss this through a training and education lens?At BC Ferries, safety and training was an integral part of my role and passion.
Konecranes Wins Chinese Order for Two Barge Cranes
In the first quarter of 2021, Jiangsu Zhenjiang Shipyard (Group) Co., Ltd. ordered two eco-efficient Konecranes Gottwald Model 8 Cranes on Barge. The cranes will be operated by Cosco Shipping Bulk Co. Ltd. (Cosco Bulk) off the coast of Guinea, Africa.Home to the world’s largest reserves of bauxite, the Guinean mining industry has been expanding. Cosco Bulk, a subsidiary of a world-leading shipping company, China Cosco Shipping Corporation Limited, found they needed more cranes to cope with the volume.
Teresa Peacock Joins Dryad Global as Non-executive Director
Maritime security risk management firm Dryad Global announced Tuesday it has appointed Teresa Peacock as its first non-executive director.Peacock is currently managing director at maritime staffing and recruitment firm Spinnaker Global and a member of the Maritime UK’s Diversity Taskforce, a board member of the Women's International Shipping & Trading Association (WISTA UK) and a part of the All Party Parliamentary Group for Women and Work. Her experience spans a career in recruitment of over 30 years…
Pandemic-Related Risks Top the List for 2021, says 10th Allianz Risk Barometer
Business interruption, pandemic outbreak and cyber incidents -- three separate but 'strongly interlinked' matters -- lead the pack as the top threats to maritime in 2021, according to the 10th Allianz survey on risk in the maritime sector.The maritime industry, on its best day, is fraught with risk, as people, machinery and the bulk of world trade regularly traverses some of the most perilous conditions on the planet. According to the 10th Allianz Risk Barometer 2021 for the sector…
Asian Market, Fuel Prices Drive Freight Rates in Valenciaport
The Valencia Containerized Freight Index (VCFI) of December experienced a growth of 4.19% with respect to the previous month, confirming the trend of the last five months of the year of increased freight rates. The high demand for traffic with China and the rise in fuel prices have played a major role in this increase. Thus, the VCFI as a thermometer of the evolution of maritime transport prices is demonstrating the recovery of economic activity. Thus, freight rates end 2020 with a new all-time high of 1…
LNG Carrier Bottleneck at Panama Canal Could Last Until March
Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said, although the canal's regulator said it had made changes to speed up transit.The price of liquefied natural gas (LNG) and shipping rates have hit record highs because of the bottleneck, supply constraints and heavy demand from Asia, where freezing weather has placed the energy supply system under strain.Ships carrying LNG from the United States to meet the Asian demand waited for up to two weeks in December to navigate the canal.
Gambia Seizes Huge Cocaine Haul from Shipping Container
Gambian authorities seized nearly three tonnes of cocaine from a shipment of industrial salt originating in Ecuador, a spokesman said on Friday, in one of the largest ever busts in West Africa.The 118 bags of cocaine were discovered on Thursday during a search of a container shipped from the port of Guayaquil in Ecuador and through Algeciras in Spain, said Ousman Saidybah, a spokesman for Gambia’s drug enforcement agency.It was not clear where the cocaine was ultimately headed.
GAC Opens Hamburg Office
The GAC Group said Monday it has opened a new office just north of Hamburg to provide support for some of the 14,000+ vessels that call at German ports every year.Headed by Thies Holm, GAC Germany will offer ship agency, husbandry, bunker fuels, dry dock and other services, working alongside the group’s ship spares logistics specialist, GAC Marine Logistics GmbH, which has been operating at the port since 2014.Group Vice President, Europe & Africa, Thomas Okbo said, “With the establishment of GAC Germany…
Sherrard Enhances Squire Patton Boggs Commodities and Shipping Capabilities
Squire Patton Boggs continued the expansion of its commodities and shipping capabilities with the addition of partner Kate Sherrard into its Financial Services Practice. She joins the firm from Clifford Chance where she was Head of the Asia Pacific Maritime and Offshore Group and is accompanied by senior associate Bernice Chia.“When we launched our commodities and shipping group last year we set our sights on creating one of the premier practices in the market,” said Steve Mahon, global managing partner – clients and strategy.
DP World to Build $1.1B Deep-water Port in Senegal
Global port operator DP World has signed agreements with the government of Senegal to develop a deep-water port at Ndayane worth a total of $1.127 billion, its biggest investment in Africa to date, the company said on Wednesday.DP World Dakar, a joint venture between the Dubai-based logistics provider and the Port Authority of Dakar (PAD), will finance, design and develop land and maritime infrastructure for the new 600-hectare (1483 acres) port about 50 km from the existing port.The agreement to build the port was reached after talks between President Mack Sall and DP World Chairman Sultan bi
Company in Focus: ShipMoney Helps to Enable Efficient Seafarer Pay
Stuart Ostrow developed ShipMoney as a means to make the process of paying crew more efficient and cost-effective for both vessel owner/operators and the crew. Little did he realize then that his company would be instrumental in helping seafarers during their greatest time of crisis.Stuart, to start, how did you come create ShipMoney and get into a career in the maritime business?I'm the definition of an accidental salesman. By professional training, I'm a Big Six CPA, and I was always one of those frustrated accountants. Many years ago, I read a business plan that talked about prepaid.
Glencore Boss Glasenberg Steps Down, Nagle Named CEO
Glencore boss Ivan Glasenberg is to step down next year and Gary Nagle, head of coal assets at the mining and trading group, will become the new CEO.Glasenberg's departure will mark a shift to a new, younger leadership for the business, which, along with other mining companies, has faced increasing pressure from investors to cut carbon emissions.Glasenberg, 63, has been chief executive since 2002 and investors have been expecting a succession plan after several senior members…
WMU PhD Candidate Ambrose Wins Goldman Environmental Prize
Kristal Ambrose, a PD candidate at the World Maritime University, is the recipient of the prestigious Goldman Environmental Prize 2020. The award is the world’s foremost environmental prize and honors outstanding environmental activism through community and citizen participation on critical sustainability issues facing the planet.Ambrose founded the Bahamas Plastic Movement in 2013 to develop solutions to plastic pollution and to educate young people on the importance of a clean and healthy ocean.
Deal Struck to Deliver Maritime Biofuel in Fujairah
Uniper Energy DMCC (UED) and Neutral Fuels will collaborate to provide maritime biofuel in Fujairah, UAE.The companies will blend UED’s VLSFO and Neutral Fuels biofuel, creating a maritime fuel that meets IMO standard under their ISO8217:2010 RMG380 specification, cutting emissions of carbon dioxide.“The collaboration is aimed to address climate protection, the predominant social issue in the world today," said Lars Liebig, Managing Director of UED. "UED’s mission is to help countries…
Global Crude Market Finds Support From China Demand
China, the global oil market's lifeline this year, has stepped up purchases from exporters like Russia, the United States and Angola in recent weeks, while buyers elsewhere pare orders as coronavirus infections surge and fresh lockdowns are put in place.China, the world's largest importer of crude, is the only major buyer expected to see increased oil demand this year as the pandemic destroyed consumption globally.With China's imports expected to reach 12 million barrels per day (bpd) next year…
China October Iron Ore Imports Dip
China’s iron ore imports slipped 1.7% in October from a month earlier, but still hovered well above 100 million tonnes, official customs data showed on Saturday, propped up by firm demand at Chinese mills and shipments from major miners.The world’s top iron ore consumer imported 106.74 million tonnes of the steelmaking ingredient in October, 14.9% more than in October 2019, but still below the 108.55 million tonnes brought in during September, according to data from the General Administration of Customs.For the first 10 months of 2020…
ONE to Launch New Europe-West Africa Service
Singapore-based container line Ocean Network Express (ONE) is to launch a new weekly Europe - West Africa Service (EWX) commencing in February 2021.ONE said the port rotation is subject to change, but is currently planned as follows: Hamburg – Rotterdam – Antwerp – Le Havre – Algeciras – Tangier – Dakar – Tema – Abidjan – Hamburg.By calling at Algeciras and Tangier ports, ONE will provide transhipment connections linking West Africa from areas such as the Mediterranean, North America and Asia.
Traders Scout for Tankers to Store Diesel as Virus Spreads
Oil traders are scouting for newly built supertankers to store diesel for the next few months as they brace for lower demand in Europe amid renewed restrictions aimed at battling the COVID-19 pandemic, shipping and trade sources said.Trading companies, including oil majors, are making enquiries to charter very large crude carriers (VLCC) to carry diesel with 10 parts-per-million (ppm) sulphur for up to six months, they said, indicating that diesel floating storage could rise again.Several such supertankers…
Bandwidth Efficiency will Drive Maritime Digitalization
Gregory Darling and Applied Satellite Technology (AST) works with shipowners to help them use their bandwidth more efficiently for ship business and crew needs.When Gregory Darling, Group MD, AST, worked in the marine industry in the 1980s with a marine survey company, he needed to get word to one of his ships off of West Africa to recalibrate its course and head off to a new job. But the ship had left port, and radio calls to the ship went unanswered, resulting in two days of lost time and revenue.“That was frustrating and costly…
Maersk Supports Maritime Education in South Africa
Lawhill provides secondary-school students in Grades 10 to 12 with a specialized education and knowledge that prepares them for entry into maritime and related industries. For more than two decades, the industry-funded program has greatly improved the post-school employment prospects of thousands of young South Africans, especially those from financially-disadvantaged backgrounds.A special event was held at Lawhill to commemorate the 25 year milestone and the retirement of long-standing maritime educators, Brian Ingpen and Captain Godfrey Schlemmer.
South Africa a Hotspot for Cargo Crime -Report
South Africa ranks among the top countries in the world, and first on the African continent, for BSI’s forecasted losses due to cargo theft, according to a report from freight transport insurer TT Club and business improvement company BSI.Historically, there is an inverse relationship between crime and economic growth in South Africa. However, this year, due to the COVID-19 pandemic and the impacts of lockdowns and a decline in the economy, an additional layer was added to that relationship.The economic decline…
V.Group Names Kofod-Olsen as CEO
Ship management and marine support services giant V.Group said on Wednesday it has appointed René Kofod-Olsen as the company’s chief executive officer, taking over from Graham Westgarth who will become chairman. Kofod-Olsen will join V. Group on November 1.Kofod-Olsen brings to the role almost three decades of global shipping industry experience. In 2012 he was appointed CEO of Topaz Energy & Marine, a position he held until the company’s successful divestment in 2019. Earlier in his career he worked for the A.P.
Grain Shipments via St. Lawrence Seaway Climb
Canadian grain shipments through the Great Lakes-St. Lawrence Seaway trade corridor are up 20% in response to continuing world demand for wheat and canola, the latest figures show.Year-to-date shipments of grain (from April 1 to August 31) totaled 5.2 million tonnes, as ships transported Prairie wheat and canola and Ontario wheat and soybeans for both domestic use and for export to markets around the world.The rush of grain, which is carry over from last year’s crops, has helped to offset continuing pandemic-related declines in other key cargoes such as iron ore (down 23%)…
S.African Court Allows Livestock Ship to Sail amid Cruelty Concerns
A South African court ruled on Tuesday that a Kuwaiti firm could ship thousands of sheep to the Middle East, dealing a blow to animal welfare activists seeking to ban such exports on concerns that extreme heat could kill the animals en route.In the high court case, South Africa’s National Society for the Prevention of Cruelty to Animals (NSPCA) sought an interim injunction to prevent Kuwaiti livestock exporter Al Mawashi from sailing a vessel loaded with sheep out of South Africa’s East London port.In papers filed with the court…
Hilburn Rejoins Crowley Solutions as VP, Business Development
Logistics executive Bleu Hilburn is returning to Crowley Solutions as vice president of business development for all government services. In this role, Hilburn will develop strategies to build a customer pipeline, qualify opportunities and manage all aspects of marketing, bid and capture management to drive growth and build deep relationships with government customers for Solutions.Hilburn, a 2015 Thomas Crowley Award winner, the company’s highest honor for employees, will start Aug.
Mahoney Named President and CEO of Westwood Shipping Lines
Longtime Maersk executive Jack Mahoney has been named president and CEO of Westwood Shipping Lines, Inc., a Puyallup, Wash. based independent conbulk liner carrier in the north Transpacific trade. He succeeds Guy Stephenson who is retiring after 13 years in the role. Stephenson will continue in a support role as Executive Advisor/General Counsel.Mahoney’s recent posts with Maersk include three years as President of Maersk in Canada and, more recently, he has been Vice President of the Automotive Industry in Florham Park…