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Thursday, August 22, 2019

Australia News

Photo: Hapag-Lloyd

Hapag-Lloyd Launches SE Asia-Australia Routes

Hapag-Lloyd launches new South East Asia to Australia Services // SEA and S2A to start in October.Hapag-Lloyd expands its Oceania product portfolio. During the month of October 2019 (week 43), two new services which will offer weekly direct sailings between Thailand, Malaysia, Singapore and Australia on top of our existing South East Asia Australia Loop 1 (SAL) will be launched.“Connecting via Singapore on our global mainline network, we will be able to offer increased sailing frequency to and from Australian ports…

Australia Joins U.S.-led Gulf Security Mission

Australia will join the United States in a security mission to protect merchant vessels travelling through key Middle East waterways after Iran seized a British-flagged vessel, Prime Minister Scott Morrison said on Wednesday.Foremost among the areas to be patrolled is the Strait of Hormuz, between Oman and Iran, through which about one-fifth of the world's seaborne crude flows out of the Gulf.Global commodity trading has been rocked in recent months by the seizure of the British tanker and a series of attacks on international merchant vessels that the U.S.

A US Navy fleet oiler on station. CREDIT: USN

Iran: Waterways Won't be Safe if its Oil Exports

If Iran's oil exports are cut to zero, international waterways will not have the same security as before, its president said on Wednesday, cautioning Washington against upping pressure on Tehran in an angry confrontation between the longtime foes.The comment by President Hassan Rouhani coincided with a remark by Iranian Foreign Minister Mohammad Javad Zarif that Tehran might act "unpredictably" in response to "unpredictable" U.S. policies under President Donald Trump."World powers know that in the case that oil is completely sanctioned and Iran's oil exports are brought down to zero…

Photo: David Vargas/Lindblad Expeditions

MTR100: #3 Sven Lindblad, Lindblad Expeditions

The editors of Marine Technology Reporter are pleased to share that Sven Lindblad, Lindblad Expeditions, is #3 in the 14th Annual "MTR100". The full  electronic edition of Marine Technology Reporter is available at https://magazines.marinelink.com/nwm/MarineTechnology/201907/.Intrepid explorer and wildlife photographer Sven Lindblad blazed the trail for environmentally sensitive travelers to Antarctica on Lindblad Expedition’s fleet of cruise ships with National Geographic.You can tell a lot about a man by whom his heroes are…

Hijo International Port Services, Inc., Philippines. Photo: ICTSI

ICTSI Posts Strong H1

Philippines-based international container terminal operator ICTSI has reported a massive increase in profit and a substantial increase in revenues for the first half of 2019.First half throughput rose 7% to 5.04 million teu and came on good revenues, leading to a 42% jump in net profit to $128.5 million, said a press release from the global port management company.ICTSI attributed its profit growth during the six-month period to  volume growth, tariff adjustments for certain services at multiple terminals…

File Image: a K Line coal Carrier (CREDIT: K Line)

K-Line Guilty of 'cartel conduct'

Japanese shipping firm Kawasaki Kisen Kaisha Ltd (K-Line) was convicted of criminal cartel conduct and ordered to pay a A$34.5 million ($23.50 million) fine by a federal court, Australia's competition regulator said on Friday.K-Line’s fine is the largest ever criminal penalty imposed under the Competition and Consumer Act, according to the Australian Competition and Consumer Commission (ACCC).The company was found to have engaged in a cartel with other shipping companies in order to fix prices on the transportation of cars, trucks, and buses to Australia between 2009 and 2012, ACCC said.K-Line

NYK Super Eco Ship 2050. Pic: NYK

NYK Bulk Shipping Records Lower Profit

Japanese shipping and logistics company Nippon Yusen Kabushiki Kaisha (NYK) said that its bulk Shipping division recorded lower profit than previous year.In the first quarter of the fiscal year ending March 31, 2020 (April 1, 2019, to June 30, 2019), its revenues from the bulk shipping  amounted to 195.1 billion yen registering -11.3 decrease compared to the same period last year. The profit is down by -1.2 at 9.2 billion yen"Energy and Car transport is robust but lower dry bulk market due to production stoppage in Brazil and Western Australia…

Photo: ZEAMARINE

ZEAMARINE Secures Largest Contract to Date

ZEAMARINE has successfully been awarded a large ocean transportation contract from Schenker Australia Pty Limited for the BHP South Flank Project in Western Australia. The project scope encompasses the transportation of approximately 450,000 freight tons from China to Port Hedland, Western Australia, with the majority of the cargo being heavy and oversized modules.ZEAMARINE will be utilizing its newly-built ZEA 14k-900 vessel type for the execution of the project. The F-900 vessels…

Image: Fremantle Port Authority

Two Container Giants Visits Austalian Port

Two of the largest-capacity container ships to ever visit Australia are making calls to the Fremantle Inner Harbour this month.The first one, Maersk Skarstind, has already arrived in Fremantle. Maersk Skarstind berthed around 9.30pm on July 15th assisted by a pilot and three Svitzer tugs.Capable of carrying more than 9400 twenty-foot equivalent units (TEU) each—around double the number on most container ships visiting Australia—Maersk Skarstind and MSC Elma are about 300 meters long and 48 meters wide.While MSC Archimidis…

Image: Pilbara Ports Authority

Pilbara Ports Annual Throughput Down

Australia's Pilbara Ports Authority has delivered a total annual throughput of 697.2 million tonnes (Mt) for the 2018/19 financial year. This result is a less than 1% change (decrease of 2.06 million tonnes) from last year’s record annual throughput.In June 2019, Pilbara Ports Authority achieved a total monthly throughput of 64Mt, a 1% increase on the same month in 2018. Iron ore throughput for June 2019 increased 2% from June 2018, to 60.2Mt. Total iron ore throughput for 2018/19 was 647.8Mt…

A coal bulker underway. File Image: K Line

Baltic Index Propelled Again by Capesize, Panamax Demand

The Baltic Exchange's main sea freight index rose on Wednesday, driven by demand for capesize and panamax vessels.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 2.6%, or 53 points, to 2,064, its highest since January 2014. The index has surged about 60% this year. The index extended gains for a seventh straight session, mainly driven by strong demand for vessels that ship iron ore from Brazil.A restart of Vale SA's Brucutu mine in Brazil that was shut in early February after a tailings dam burst…

Photo: Höegh Autoliners

Höegh Trapper Back to Mackay

Roll-on/roll-off  (RO-RO) vessel Höegh Trapper recently returned to the Port of Mackay as part of its Europe US, Mexico and Oceania service.To commemorate the occasion representatives from North Queensland Bulk Ports Corporation, traditional owners and council members from Mackay as well as customers and service providers were invited to tour the vessel.Being the largest Pure Car and Truck Carrier in the world, the guests were welcomed to showcase the vessel’s flexibility and wide range of cargoes it can cater to.Captain Nicky Colaco…

file Image: AdobeStock / © Leonid Eremeychuk

Baltic Index hits Highest Level since 2014

The Baltic Exchange's main sea freight index hit a five-and-a-half-year high on Friday, boosted by stronger demand and tight spot tonnage in the Atlantic region.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 2.7%, or 49 points, to 1,865, its highest since January 2014. The index has tripled since February. The index rose 7.2% this week, to post its fourth straight week of gains, mainly driven by strong demand for vessels that ship iron ore from Brazil.The capesize index rose 125 points, or 3.7%, to 3,541 points, its highest since Aug. 15, 2018.

Map: Pacific International Lines Pte Ltd

PIL Upgrades SE Asia - Aus Services

Singapore-based shipping company Pacific International Lines Pte Ltd (PIL) announced improvements to its Southeast Asia to Australia services to meet the changing needs of the markets.PIL's current Australia-Asia Alliance Service 1 and 2 (AA1 & AA2) will be upgraded to offer more competitive transit times and better port connections.The enhanced AA1 and AA2 services will cover all major ports in Australia with effect from early August, shipper said in a press note.Port rotations of AA1 will be Laem Chabang – Singapore –Melbourne – Sydney – Brisbane - Singapore – Laem Chabang.

Image of LNG Plant: Novatek

Mitsui, JOGMEC join Arctic LNG-2

Japanese trading house Mitsui & Co and state-owned Japan Oil, Gas and Metals National Corporation (JOGMEC) have signed a sales and purchase agreement with Russia’s Novatek for a 10% participation interest in the Arctic LNG 2 project.The share will be acquired through the Dutch Company, Japan Arctic LNG B.V., in which Mitsui has invested jointly with JOGMEC. The equity ratio of JOGMEC and Mitsui will be set at 75 percent and 25 percent respectively.The project will develop natural…

Sailors assigned to the Arleigh Burke-class guided-missile destroyer USS Nitze (DDG 94) prepare to receive cargo for off load during a replenishment-at-sea with the fleet replenishment oiler USNS Big Horn (T-AO 198). Nitze is deployed to the U.S. 5th Fleet areas of operations in support of naval operations to ensure maritime stability and security in the Central Region, connecting the Mediterranean and Pacific through the western Indian Ocean and three strategic choke points.) (U.S. Navy photo b

Delivering parts, fuel, mail over 52 million square miles

In Port and at Sea: NAVSUP Fleet Logistics Center Yokosuka Supports Navy Ships and Crews. Understanding how that happens can benefit commercial stakeholders, as well.As the post-Cold War Navy once again faces near-peer competitors at sea, it must reposition itself and step up sustainment of ships at home and abroad. While admittedly a goal in logistics is to provide material and services in a stable and predictable fashion, so that operations can proceed unimpeded, that goal sometimes runs counter to the unpredictable nature of military operations.

Photo: DP World

DP World Set to Acquire Topaz Energy

The world’s largest port operator DP World is in advanced discussions to acquire Topaz Energy & Marine, marking the Dubai-based company's first potential foray into the oil and gas industry.Britain’s Sky News, citing sources, earlier reported that a $1.3 billion deal for DP World to take over Topaz could be announced as early as Monday. The report didn't specify whether the valuation was referring to the equity or enterprise value of the transaction.However, Bloomberg reported that the port operator is in “very advanced” discussions to acquire Topaz Energy.

© uwimages/AdobeStock

Dalian iron ore rises, supply crunch concerns persist

China's iron ore futures extended gains on Friday after touching a record high in the previous session, as concerns persisted over tight supply amid declining shipment from Rio Tinto and expectations of strong demand.Mining giant Rio Tinto on Wednesday night lowered its guidance on volumes of iron ore it expects to ship from the key Pilbara producing region in Australia for the third time since April.It now puts the upper limit as much as 5.7% under its original forecast, giving…

© Kara/AdobeStock

Iron Ore Spikes on Shipment Concerns

China's iron ore futures extended gains on Friday after touching a record high in the previous session, as concerns persisted over tight supply amid declining shipment from Rio Tinto and expectations of strong demand.Mining giant Rio Tinto on Wednesday lowered its guidance on volumes of iron ore it expects to ship from the key Pilbara producing region in Australia for the third time since April.It now puts the upper limit as much as 5.7% under its original forecast, giving a window…

Ulrich Kadow (Photo: AGCS)

Kadow tapped to head AGCS Marine

Allianz Global Corporate & Specialty SE  (AGCS) said that, effective July 1, 2019, Ulrich Kadow will be appointed as AGCS Global Head of Marine. Currently Chief Agent of AGCS Canada, Kadow will take over from current Global Head of Marine and Energy Simon Buxton, who is leaving Allianz. Until a successor in Canada is confirmed, Kadow will maintain a dual leadership role for both the country and Marine Line of Business responsibilities.Kadow has led AGCS’ Canadian business since May 2015, after originally joining AGCS in 2006.

Photo: HKCYIA

HKCYIA's “Diploma in Cruise Operations”

The Hong Kong Cruise and Yacht Industry Association (HKCYIA) and the Maritime Services Training Institute (MSTI) have joined hands in organizing a new course - Diploma in Cruise Operations (DCO) - to meet with the increasing demand for professionals in the booming global cruise industry. The six-month course is designed to equip students with knowledge and competences in cruise operations which fulfil the training requirements of the Hong Kong Marine Department and the STCW[1][1] Code to serve on board luxurious cruise ships.

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…

Pic: Adani Ports

Adani to Develop Container Port in Myanmar

India’s largest private multi-port operator Adani Ports and Special Economic Zone (APSEZ) will set up its first container terminal outside India in Myanmar at an estimated cost of US$ 290 million.Adani Group said that all requisite permissions have been received in the form of Myanmar Investment Commission permit, to build and run a container terminal along the Yangon river for 50-years.APSEZ would be the first Indian company to set up a container terminal outside India, CEO Karan Adani said.Construction for phase one of the project will commence next month and will be completed by June 2021.

Pic: BW LPG

VLGC Freight Rates Recover

The Very Large Gas Carrier (VLGC) freight rates started to recover towards the end of the first quarter as U.S. consumption reverted to seasonally lower levels pushing U.S. LPG prices down, widening the geographical LPG price arbitrage between the U.S. and the Far East.According to BW LPG, the owner and operator of liquid petroleum gas (LPG) vessels,  the recovery in VLGC freight rates was further strengthened by two occasions of fog and a temporary closure of the Houston Ship…

Denis Petropoulos (Photo: Baltic Exchange)

Petropoulos New Baltic Exchange Chair

Denis Petropoulos has been elected Chairman of the Baltic Exchange Council with effect from June 1, 2019. He replaces Duncan Dunn who has held the position since January 2018. Denis Petropoulos was a founding partner of Braemar Tankers Ltd and remains a significant shareholder at Braemar Shipping Services PLC. He most recently headed up Braemar's Singapore office for seven years, before returning to the UK.He has been a Baltic Exchange Member since 1999 and has held positions…

China's Tariffs on U.S. LNG Mean Nothing, Everything

China's decision to hike import duties on U.S. liquefied natural gas (LNG) is a move that means very little for the market in the short term, but it has the potential to deliver outsized consequences the longer the levies remain in place.As part of its latest round of retaliatory tariffs on U.S. imports, Beijing increased the duty on LNG shipments from 10 percent to 25 percent.This will make it even more uneconomic for Chinese buyers to purchase LNG cargoes from the United States.