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Thursday, November 21, 2019

America News

Boriana Farrar is a familiar face in maritime circles, the Vice President and Counsel and a Senior Claims Executive and Business Development Director for the Americas at the Ship Owners Claims Bureau, Inc. managers of the American P&I Club.

Interview: Boriana Farrar, Ship Owners Claims Bureau

Boriana Farrar is a familiar face in maritime circles, the Vice President and Counsel and a Senior Claims Executive and Business Development Director for the Americas at the Ship Owners Claims Bureau, Inc. managers of the American P&I Club. We met with her in her NYC office to discuss her path from her native Bulgaria to a top maritime professional position.When Boriana Farrar moved from her native Bulgaria to the United States in 2001, she did so to be close to family, her mother and her sister who had already established a life in the U.S., some 5,000 miles from her homeland.

Image: Lineage Logistics

Lineage Logistics Acquires Emergent Cold

Lineage Logistics Holdings, the world’s largest provider of temperature-controlled logistics solutions, announced it has signed definitive agreements to acquire Emergent Cold, the global cold chain services provider.This acquisition strengthens the Company’s leading port presence in the United States and signifies its entry into the Australian, New Zealand, and Sri Lankan temperature-controlled logistics markets, building on Lineage’s existing presence in the Asia-Pacific region.

Masaya Hasegawa, Representative Director of Shizen Energy and David Povall, Executive Vice President, Development of Northland. Photo: Shizen Energy

Northland, Shizen Join Forces for Japanese OWP

Canadian energy company Northland Power and the Japanese provides renewable energy project development services Shizen Energy have agreed to set up a joint venture to develop offshore wind projects in Japan.Under the terms of the agreement, the partners will establish a 50:50 joint venture (Chiba Offshore Wind Inc.), which will serve as the development vehicle for the projects. The joint venture is pursuing projects that have a combined capacity of approximately 600 megawatts…

Pic: Rystad Energy

Oil Majors to Raise $27Bln in Selling Spree

Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy’s latest assessment.These companies are actively shedding mature assets on a massive scale in a bid to finance higher-yielding investments elsewhere, with the added benefit of pleasing shareholders who are calling for stricter capital discipline.“The expected transactions mean some of the majors are poised to exit certain regions…

$18m for Port of Beaumont Expansion

U.S. Department of Transportation Maritime Administration Administrator, Admiral Mark Buzby formally presented a check for $18 million to Beaumont for the Port of Beaumont Multimodal Corridor Expansion and Improvement Project. U.S. Secretary of Transportation Elaine L. Chao on November 12, announced that the Trump Administration will invest $900 million in American infrastructure through the Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grants program.“The Administration is targeting BUILD Transportation grants to repair…

An emperor penguin poses for a photo in front of the Coast Guard Cutter Polar Star in McMurdo Sound near Antarctica on Wednesday, Jan. 10, 2018. The crew of the Seattle-based Polar Star is on its way to Antarctica in support of Operation Deep Freeze 2018, the U.S. military’s contribution to the National Science Foundation-managed U.S. Antarctic Program. U.S. Coast Guard photo by Chief Petty Officer Nick Ameen.

USCG PSC Equals meaningful Polar Presence

The Coast Guard needs a ship that can do more than just break ice; it needs a multi-mission ship to provide for the nation’s security, asserting its sovereign rights, and protecting its long-term economic interests. That ship is the Polar Security Cutter.Since Russia cashed the check in 1867 for the purchase of Alaska the U.S. has been an Arctic nation. Today, it is one of eight countries that have territorial land or seas above the Arctic Circle or in the polar region (six of those countries have Arctic Ocean coastline or an exclusive economic zone above the Arctic Circle). The U.S.

Pic: TORM

Product Tanker Freight Rates Rebounds

Product tanker freight rates softened in the third quarter of 2019 but rebounded strongly at the start of the fourth quarter following an increase in crude tanker rates that began after the attacks on Saudi Arabian oil facilities and accelerated dramatically to multi-year high levels at the end of September when the US imposed sanctions on two subsidiaries of China's COSCO Shipping.Denmark-based TORM said that growth in global demand for oil products generally remained subdued…

Image: Hapag-Lloyd

Hapag-Lloyd Expands Atlantic Loop 3

German international shipping and container transportation company Hapag-Lloyd AG announced that it is expanding fleet on Atlantic Loop 3 service between the US and Europe."Our Atlantic Loop 3 Service (AL3) fleet is growing with the addition of the 4,248 TEU vessel “Rio Grande Express” sailing between the United States and Europe," the cargo container shipping line said in a statement."Upgrading to a 6 vessel rotation will improve the reliability of the AL3 service for our customers and support our strategy of being number one for quality…

Pic: APM Terminals

AEO Status for APM Terminals Quetzal

Guatemala’s Superintendence of Tax Administration (SAT), customs entity, has recognized APM Terminals Quetzal’s transparency and security through its accreditation as an Authorized Economic Operator (AEO). The terminals achieved a 100% compliance rating.The terminal uses a state-of-the-art terminal operating system to optimize security, control and cargo management. It also enables customs and customers to work together as efficiently as possible.Authorized Economic Operator (AEO) recognized the terminal’s compliance with international and local security standards…

Image: Halifax Shipyard

Canada’s 2nd Arctic Offshore Patrol Ship Launched

The Royal Canadian Navy’s second Arctic and Offshore Patrol Ship (AOPS), the future HMCS Margaret Brooke, was launched yesterday, Nov. 10, 2019, at Halifax Shipyard.The launch of the second of six AOPS for the Royal Canadian Navy, marks a significant milestone for Canada’s National Shipbuilding Strategy (NSS) and the revitalization of the Royal Canadian Navy’s combatant fleet.The 103-metre future HMCS Margaret Brooke transitioned from Halifax Shipyard’s land level facility to a submersible barge on Nov.

Photo: BIMCO

IMO2020: Market Uncertainty Brings More Fuel Oil Price Volatility

The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor.The uncertainty of the upcoming IMO 2020 Sulphur cap regulation (IMO2020) is having a big impact on the bunker market. Whereas, the price for Marine Gas Oil Low Sulphur (MGO LS) has largely remained stable, the price for High Sulphur Fuel oil (HSFO) has been become increasingly more volatile in recent months.

Saudi Aramco delivers crude oil cargo at Pengerang Deepwater Terminal 2 in Malaysia. Photo: Saudi Aramco

Aramco Signs 34 EPC Contracts Worth $18bn

Saudi Aramco has signed 34 engineering, procurement and construction (EPC) related contracts (worth over US$18bn) for projects such as the Marjan and Berri field incremental development program in Saudi Arabia, during Q3 2019, according to GlobalData.The most important is ADNOC’s US$3.6bn contract for the supply of one million metric tons of casing and tubing to support exploration and production activity in United Arab Emirates (UAE).The global oil and gas industry has witnessed a substantial boost from those contracts activity in the Middle East…

Pic: International Maritime Organization (IMO)

SOLAS Training in S. America

International Maritime Organization (IMO)’s most important ship safety treaty – SOLAS – provides for safe merchant shipping, covering a wide variety of topics, from ship construction to fire protection, to life-saving appliances and cargo carriage.SOLAS generally applies only to ships above a certain size which make international voyages, but IMO’s efforts to improve ship safety go further – extending to so-called “non-SOLAS” vessels. These include fishing vessels, domestic ferries…

Ian Barrie  (Photo: Danfoss Drives)

Danfoss Drives Appoints Head of Sales for Americas

Danfoss Drives has named Ian Barrie as its new Head of Sales for the Americas. In this position, Barrie will continue to build and develop strong regional sales channels and verticals for Danfoss Drives’ business within North America and Latin America.Previously, Barrie was Head of Global Key Accounts for Danfoss Drives. He has an extensive 25-year history with Danfoss, wherein he has held several regional and global positions in sales, marketing, and business development. He will be based out of the Danfoss Drives’ Loves Park…

Pic: International Maritime Organization (IMO)

IMO Organizes Training on SOLAS

International Maritime Organization (IMO) ’s most important ship safety treaty – SOLAS – provides for safe merchant shipping, covering a wide variety of topics, from ship construction to fire protection, to life-saving appliances and cargo carriage.According to the UN body, SOLAS generally applies only to ships above a certain size which make international voyages, but IMO’s efforts to improve ship safety go further – extending to so-called “non-SOLAS” vessels. These include fishing vessels…

Photo: RORO Company

RORO Company Launches New Platform

The Roll On Roll Off (RORO) Company, a digital freight forwarder, recently launched its new platform, RORO.com, to accelerate global trade of large assets. With access to instant quotes, schedules and bookings, users can save time and money on shipping machinery, automobiles, boats and more. Global trade of large assets moves too slowly. Online auctions, such as Ritchie Bros., make it easy to purchase items worldwide, but delivering these items across the world is slow. The current model relies on a subset of shipping companies called freight forwarders.

Left to Right: Fabiana Simoes Martins, Sanjam Gupta, Alexandra Anagnostis, Despina Panayiotou Theodosiou, Connie Roozen, Angie Hartmann, Naa Densua Aryeetey. Photo: WISTA International

WISTA Re-elects Theodosiou as President

Women’s International Shipping and Trading Association (WISTA) announced that Despina Panayiotou Theodosiou (WISTA Cyprus), CEO of Tototheo Maritime, was re-elected to a second term as President.WISTA International elected Alexandra Anagnostis-Irons, President of Total Marine Solutions (WISTA USA) as Secretary, and Fabiana Simões Martins (WISTA Brazil), as Board Member, to the WISTA International Executive Committee at the 39th WISTA International Annual General Meeting on Grand Cayman on 30 October 2019.Naa Densua Aryeetey (WISTA Ghana)…

Pic: Oldendorff Carriers

Lydia Oldendorff Sets Record

The largest German bulk carrier company Oldendorff Carriers GmbH, which operates around 700 ships, said that its Lydia Oldendorff (207,562 tdw built 2015) has set a record as the largest vessel to load coal at Puerto Bolivar, Colombia.The Newcastlemax vessel has a length of 300 meters and a breadth of 50 meters and was loaded on a trial cargo draft of 17.5 meters. The cargo loaded is destined for Flushing, in the port of Antwerp in Belgium, where it will again be the largest vessel to enter the port.Oldendorff Carriers currently operates a fleet of about 65 modern eco-Newcastlemax (203-211…

Chris Connor. Photo: AAPA

AAPA Says Senate Cuts Key Port Grant Program

The American Association of Port Authorities (AAPA) is very concerned with the U.S. Senate’s approval of a fiscal 2020 appropriations bill that cuts funding by more than two-thirds to a U.S. Department of Transportation Maritime Administration (MARAD) program that provides critical grants for port infrastructure projects nationwide.MARAD’s Port Infrastructure Development Program, initiated last year and funded at $292.73 million, would be slashed to $91.6 million if the Senate’s appropriation mark is upheld in the final bill.Not only would funding for the program be severely cut…

Photo courtesy of Mackay Marine

Mackay Marine Acquires ChartCo’s Compass Business

Mackay Marine has acquired ChartCo’s Compass Services’ comprehensive magnetic compass business, effective October 9, 2019. This includes personnel, field service kits, compass calibration & repair laboratory, tools & equipment, compass & spare parts inventory, customer contracts, and vendor agencies.Mackay currently provides worldwide compass adjusting, audits, and field service through our 36-certified Magnetic Compass Adjusters at numerous ports along major trading routes. The acquisition of ChartCo’s business expands Mackay capabilities to perform in-shop…

Pic: Lloyd's of London

Lloyd's Warns of Cyber Risks for Asian Ports

Lloyd's of London report stated that the cyber-attack on major ports across the Asia-Pacific could cost losses of up to $110 billion would occur in an extreme scenario in which a computer virus infects 15 ports.Despite the high costs to business and international trade, the report showed that the global economy is under-prepared for such an attack with 92% of the total economic costs uninsured, leaving an insurance gap of $101bn.An attack via a computer virus carried by ships could scramble the cargo database records at major ports and lead to severe disruption…

Ron Huibers, President Volvo Penta Americas

Changes to Volvo Penta Executive Group Announced

After 26 years with Volvo and 7 as President of Volvo Penta Americas, Ron Huibers has decided to retire from his current role and move to another role within Volvo Penta. Succeeding Ron will be Martin Bjuve, currently CFO and SVP Business Office Volvo Penta. Planned transition date will be January 1, 2020. Bjorn Ingemanson, President and CEO Volvo Penta, today announced that Ron Huibers, President Volvo Penta Americas, has decided to retire from his current role and take up a new role within the company. "The team, customers and industries we serve here have been exciting and rewarding.

Block Island Wind Farm, U.S. Photo: Ørsted

Ørsted to Divest Stake in NJ OWP to PSEG

Danish wind developer Ørsted A/S will enter into exclusive negotiations for Public Service Enterprise Group  (PSEG) to potentially acquire a 25% interest in the proposed 1,100-MW Ocean Wind project.Subject to negotiations toward a joint venture agreement, advanced due diligence and any required regulatory approvals, PSEG would acquire 25% of Ocean Wind.Ocean Wind is an 1,100MW offshore wind project which will supply more than half a million New Jersey homes with clean power from its location 15 miles off the coast of Atlantic City.

Photo: Dredging Contractors of America

Full Utilization of HMTF Passes in U.S. House

This evening the U.S. House of Representatives passed by a recorded vote the Full Utilization of the Harbor Maintenance Trust Fund (HMTF), H.R. 2440. The vote was 296 in favor and 109 opposed. The voting required a two-thirds super majority of the House in order to pass under “suspension of the rules.”There were  seventeen (17) bills presented in the House of Representatives today with fifteen (15) bills passing by voice vote. The Full Utilization of the HMTF was one of two bills…

Image: Prosafe

Norway Rejects Prosafe-Floatel Merger

The Norwegian Competition Authority has rejected the proposed merger between Scandinavian offshore accommodation/construction support providers Prosafe and Floatel.Oslo-listed accommodation services player Prosafe in a press release said that it will study the decision in detail, and expects to decide on whether to appeal shortly and within the deadline within three weeks.The company owns and operates semi-submersible accommodation vessels operating at present in the North Sea…

Vancouver Fraser Port Authority. Image: SEA\LNG

B.C. Backs LNG Bunkering

The British Columbia Government has joined Vancouver Fraser Port Authority and FortisBC to establish the first ship-to-ship LNG marine refueling – or bunkering – facility on the west coast of North America.The use of LNG to power the world’s ocean-going vessels is forecast to expand and B.C. is well positioned to benefit from this growth.According to industry standards, replacing diesel fuel with LNG has the potential to reduce greenhouse gas (GHG) emissions by approximately 20%. Because FortisBC’s Tilbury facility runs on clean B.C.