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Friday, September 20, 2019

Argentina News

MV Baru. Pic: Klaveness Combination Carriers

Klaveness' CLEANBU Switch from Wet to Dry Cargo

Norway-based shipowner Klaveness Combination Carriers (KCC) has undertaken a wet-dry cargo switch, marking a first for one of its CLEANBU combination carriers.The vessel transported a full cargo of petroleum products (CPP) from India to Argentina, said the global owner and operator of combination carriers.After discharging the CPP, she completed the cleaning and conversion from tanker mode to dry bulk mode, loaded a grain cargo and is now enroute back to Asia. Strong cleaning capabilities with cleaning result available for online inspection on new digital application.After discharging of CPP…

Photo: BIMCO

BIMCO: US Soya Bean Exports - Up or Down?

The trade war has brought increased attention to the soya bean trade between the US and China with 2019 offering conflicting narratives. On one hand, soya bean exports to China in the first six months of 2019 are up 10.9% compared with the first half of 2018, while on the other, exports to China in the 2018/2019 marketing year are down 68.7%.With the 2019/2020 marketing year now just round the corner, this trade is unlikely to return to pre-trade war levels. The combined effects of a worsening relationship between the nations as well as a smaller US soya bean crop…

AdobeStock / © Igor Strukov

Baltic Index at 2-week High on Capesize, Panamax Strength

The Baltic Exchange's main sea freight index climbed to a near two week high on Tuesday propelled by strong demand across capesize and panamax vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, gained 90 points, or 5.1%, to 1,864 points, a high since July 31.The capesize index added 188 points, or 5.8%, to 3,454 points, its highest in more than a week. Average daily earnings for capesizes, which typically transport 170,000 tonne-180,000 tonne cargoes such as iron ore and coal…

File Image: AdobeStock / © Igor Strukov

USDA Sees bigger-than-expected U.S. Corn Crop

The U.S. corn harvest will be bigger than previously forecast, the U.S. Agriculture Department said on Monday, as the government issued a surprise boost to its outlook despite concerns about a wet spring and dry summer.For the 2019/20 crop year, the corn harvest will total 13.901 billion bushels, based on an average yield of 169.5 bushels per acre, the USDA predicted in its monthly supply and demand report. Farmers seeded 90.0 million acres with corn and were expected to harvest…

Jim Schnieders. Photo: Black & Veatch

FLNG Innovations Boost Gas Industry Growth

Liquefied natural gas (LNG) technologies, such as floating LNG (FLNG) innovations, driven by its shorter construction lead times and lower capital investment costs, are increasingly becoming a viable option for increased gas deployments.FLNG helps mitigate siting constraints that shore-based infrastructure may face, pointed out the Kansas City-based engineering firm Black & Veatch.The provider of engineering, procurement and construction (EPC) services for energy also stressed…

Pic: Excelerate Energy L.P.

YPF to Ship Argentine LNG

Argentine oil company YPF reached a preliminary agreement with Texas-based Excelerate Energy to hire a liquefied natural gas (LNG) tanker for shipping cargoes to global export markets.As per agreement, YPF will export LNG produced from the TANGO FLNG unit, located in Bahía Blanca.Both parties will be executing the final agreement in the coming days, with the objective of starting operations the first week of September.“We continue progressing in our ambition to add value to Argentine natural gas and to export surpluses during those months of low local consumption…

Pic: Port de Québec

Hutchison Ports, CN Rail to Build Terminal in Canada

Canadian Québec Port Authority (QPA) has signed a long-term commercial agreement with Hong Kong's Hutchison Ports and Canadian National Railway (CN) to build and operate a new container terminal, known as project Laurentia.The agreement increases Hutchison Ports' global network to 52 ports spanning 27 countries including the United Kingdom, Spain, Poland, Sweden, Germany, the Netherlands, Belgium, Australia, China, Pakistan, Egypt, Argentina, Mexico and Panama, said a press release.Hutchison…

Brazil Minister of Foreign Affairs, Ernesto Henrique Fraga Araujo (right) with DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem (left) during a meeting in the capital of the country, Brasilia this week. Photo: DP World

DP World Strengthen Brazil Ties

Brazil Minister of Foreign Affairs, Ernesto Henrique Fraga Araujo met with the global port operator DP World Group's Chairman and CEO, Sultan Ahmed bin Sulayem in the Brazilian capital, Brasilia this week.They discussed social reform, a stable and efficient regulatory framework to attract investors alongside public private partnerships to encourage foreign direct investment (FDI). The meeting preceded Mr. Bin Sulayem’s discussions with President Jair Bolsonaro during the visit.DP World Santos…

Photo: copyrighted “Hamburg Süd”

Hamburg Süd History is Museum Bound

Hamburg Süd and the International Maritime Museum Hamburg (IMMH) have signed an agreement to catalog and display the historical collection of the shipping company, which was founded in 1871. Using images, ship models, documents and other artefacts from Hamburg Süd’s archive, the project aims to make the history of Hamburg Süd accessible to the general public in the form of a permanent exhibition. There are also plans to organize a special exhibition for 2021 to mark the company’s 150th anniversary.

 Pic: ECLAC - United Nations

Latin American Ports Cargo Throughput Rose 7.7%

Container throughput in ports of Latin America and the Caribbean increased by 7.7% in 2018 in comparison with the previous year.According to the Economic Commission for Latin America and the Caribbean (ECLAC), this analysis is based on the performance of a sampling of 31 countries and 118 ports and port areas in the region.According to the annual report unveiled by the United Nations organization – which was called  “port ranking” in prior years – the data largely maintained the heterogeneity seen in throughput behavior in previous periods, both in reference to ports and countries.

Log-In’s Jacaranda berthed at Tecplata. Pic: ICTSI

ICTSI Argentina Opens TecPlata Terminal

International Container Terminal Services Inc (ICTSI) has inaugurated container operations at TecPlata, located in Argentina’s Puerto de La Plata.The opening ceremony was attended by the vice governor of the province of Buenos Aires, the Minister of Production and several other national, provincial and municipal officials.The opening rites were highlighted by the arrival of Jacarandá, a vessel of Log-In, a Brazilian shipping line specializing in door-to-door logistics solutions which recently signed an agreement with TecPlata…

Peter Voser. Photo: PSA International

PSA Group Appoints Peter Voser as Chairman

PSA International, one of the world's largest port operators, announced that  Peter Voser, currently Deputy Chairman, is taking on the role of Group Chairman of the PSA Board.Fock Siew Wah stepped down as Group Chairman on 1 April 2019, and will assume the role of Special Advisor to PSA until his retirement on 31 July 2019.As one of PSA’s longest serving Chairmen, Fock has steered PSA with visionary leadership and strategic foresight since August 2005. With his astute guidance…

Image: Exxon Mobil

QP, Exxon to Build $10B LNG Plant in Texas

Exxon Mobil and Qatar Petroleum announced a final decision to finance a $10 billion-plus project to export liquefied natural gas (LNG) from the Texas Gulf Coast.Construction of the Golden Pass LNG export project located in Sabine Pass will begin in the first quarter of 2019 and the facility is expected to start up in 2024, said a press release.“Golden Pass will provide an increased, reliable, long-term supply of liquefied natural gas to global gas markets, stimulate local growth and create thousands of jobs…

Pic: Exolgan Container Terminal

Buenos Aires' Exolgan Orders Four Hybrid RTGs from Kalmar

Cargo handling solutions company Kalmar has signed an agreement with Exolgan S.A. to supply a total of four rubber-tyred gantry cranes (RTGs) with hybrid drivelines for its container terminal in Buenos Aires, Argentina."The order, which also includes the supply of a spare parts package for the machines, was booked in Cargotec's 2018 Q4 order intake with delivery scheduled to take place in late 2019," said a press release from Kalmar, part of Cargotec. The Exolgan terminal in Buenos Aires is a general cargo and container-handling port terminal with strategic road…

Richard Greiner (Photo: Moore Stephens)

Moore Stephens: Leaner, Greener Shipping Will Attract Investment in 2019

Accountant and shipping adviser Moore Stephens says shipping will continue to attract investors in 2019 if it fulfills its ESG (environmental, social and governance) responsibilities.In the latest issue of Bottom Line, the Moore Stephens shipping sector newsletter, Richard Greiner, a partner in the firm’s Shipping & Transport team, says, “It has been suggested that the future is very much like the present, only longer. Should that prove to be the case for the shipping industry…

(Photo courtesy of EXMAR)

Tango FLNG En Route to Argentina

Belgium based EXMAR announced Thursday that its floating liquefied natural gas (FLNG) facility has left China for a 45-day voyage to the destination of its liquefaction operations at the Port of Bahia Blanca in Argentina.The barge-based Tango FLNG (previously named Caribbean FLNG) is on the move just one month after a contract was signed for a firm, 10-year deployment.Upon its arrival, the facility will be put in operation for EXMAR’s customer YPF S.A. and is expected to start up LNG production in the second quarter of 2019.

Virtu Ferries ship launched at Incat. Photo: Incat

Shipbuilding: New 110m Catamaran Named Saint John Paul II

Shipbuilder Incat has launched the 110m vehicle / passenger ferry from the shipyard at Derwent Park in Hobart Tasmania. The ship will commence sea trials in mid January prior to delivery to her new owner Virtu Ferries for service between Malta and Sicily.Bearing the livery Saint John Paul II the vessel has been named in honor of the Pope who served from 1978 to 2005, so revered the Pope has often posthumously, but unofficially, been referred to by Catholics as "St. John Paul the Great".

File image: Soy cargo loading (CREDIT: AdobeStock / © Igor Strukov

U.S. Soybean Cargo Unloaded in China

A vessel carrying U.S. soybeans has unloaded its cargo at the port of Qingdao in China on Friday, shipping data showed, amid a trade truce between China and the United States.The Star Laura, originally carrying 69,298 tonnes of soybeans loaded in Seattle, arrived at Qingdao outer anchorage in early November.The vessel's draft is now at 44 percent of its maximum depth, indicating it has emptied its load, data from Refinitive Eikon showed.The ship changed destination to South Korea in early November but came back to the port in eastern Shandong province in December…

Intermodal operations at the port of Shanghai / Credit: AdobeStock / © zdu hang

China to Halt Additional Tariffs on U.S.-made Cars

China to suspend additional 25 pct tariffs on U.S.-made cars for three months; China's planned tariff halt follows purchase of U.S. soybeans.China will suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan. 1, 2019, the country's finance ministry said on Friday, following a truce in a trade war between the world's two largest economies.China will suspend 25 percent tariffs on 144 U.S. vehicle and auto part items and 5 percent tariffs on 67 auto items between Jan.

“Nobody, not even the opposing sides in this evolving economic conflict, seems to know what is going to happen next,” said Xeneta CEO Patrik Berglund.“Nobody, not even the opposing sides in this evolving economic conflict, seems to know what is going to happen next,” said Xeneta CEO Patrik Berglund. (Photo: Xeneta)

Xeneta: Watch Both Sea and Air Amid Trade War Tensions

As the ongoing trade war between the US and China continues to send tremors of uncertainty through the global economy, Xeneta is advising senior executives to keep a close eye on fluctuating ocean and air freight rates. In an unpredictable geopolitical environment, highlighted by last week’s arrest of Huawei’s CFO in Canada, the leading freight rate benchmarking and market intelligence platform says shippers need agile logistics strategies, with the option of shifting transportation mode whenever necessary.“Nobody…

file Image / AdobeStock / © Nightman 1965

China, U.S. Discuss Road Map for Continuing Trade Talks

China and the United States discussed a road map for the next stage of their trade talks on Tuesday during a telephone call between Vice Premier Liu He, U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer.U.S. President Donald Trump and Chinese President Xi Jinping agreed at a Dec. 1 meeting in Argentina to a truce that delayed a planned Jan. 1 U.S. increase of tariffs to 25 percent from 10 percent on $200 billion worth of Chinese goods.Lighthizer said on Sunday that unless U.S.-China trade talks wrapped up successfully by March 1…

Pic: Exmar

Exmar Bags FLNG Contract from YPF

Belgium's Exmar and YPF of Argentina announced the signing of a firm, ten-year agreement to deploy Exmar’s barge-based floating LNG liquefaction unit (FLNG) currently known as Caribbean FLNG to produce and export LNG from the Vaca Muerta source at the Neuquén Basin in Argentina.The project marks the entry of Argentina to the select club of global LNG exporting nations, with an initial plan to export 500,000 tons of LNG per year to overseas markets.Exmar’s FLNG barge will be named Tango FLNG and be deployed to the port of Bahia Blanca.

File Image: AdobeStock / © Panmaule

Trudeau Discussed Steel Tariffs with Trump in Paris

Canadian Prime Minister Justin Trudeau said on Monday he had discussed U.S. steel and aluminium tariffs with President Donald Trump over the weekend and that he hoped to reach a resolution on the matter by the G20 summit in Argentina."I absolutely brought up the issue of steel and aluminium tariffs," Trudeau told a news conference in Paris on Monday.Trump and Trudeau spoke to one another on the sidelines of the Paris Peace Forum.The leaders' summit takes place on Nov 30 and Dec 1.Reporting by John Irish

© sanguer/Adobe Stock

BIMCO: US soya bean exports to China down 97%

The trade war and particularly the Chinese tariffs on imports of U.S. soya beans can now clearly be seen with the start of the soya bean peak exporting period in the U.S. In the first eight weeks of the 2018/19 marketing year accumulated U.S. exports are down 39%, from 12.2 million tonnes on 26 October 2017 to 7.5 million tonnes on 25 October 2018.“While weekly exports this season have been consistently lower than last season, the week to 18 October marked the single biggest decrease, from 2.5 million tonnes in the corresponding week last year, to just 1.1 million tonnes.

© Igor Strukov / Adobe Stock

Vietnam May Recall Wheat Re-exports

Vietnam could recall an order that goes into effect on Nov. 1 that requires companies to re-export wheat cargoes containing cirsium arvense seeds, known as Canada thistle, the government said on Wednesday.Vietnam, whose main wheat suppliers include Russia, Australia and Canada, has been battling with imports contaminated with thistle seed since May. The government is concerned that the contaminated cargoes could cause the Canada thistle weed to spread across the country and potentially harm domestic crop yields.Last month…

© Alexey Lesik / Adobe Stock

Vietnam Could Halt Certain 'Dangerous' Wheat Imports

Vietnam might halt imports of wheat cargoes containing cirsium arvense, or thistle seed, while suggesting local importers should seek supplies from Kazakhstan, Australia and Argentina, local media reported on Thursday.Wheat importer Vietnam, whose main suppliers include Russia, Australia and Canada, has been battling with imported wheat contaminated with thistle seed since May and has sought measures to stop the issue.From Nov. 1, cargoes containing cirsium arvense will be re-exported…