ICTSI volume hits 9.2 mi TEUs
International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for the year ended 31 December 2017, posting revenue from port operations of US$1.244 billion, 10 percent higher compared to US$1.128 billion in 2016; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$578.0 million, 10 percent better than the US$525.1 million generated the previous year; and net income attributable to equity holders of US$182.1 million, up one percent compared to the US$180.0 million earned last year.
Iron Ore Stockpiles at China Ports near Record High
Chinese iron ore futures struggled to regain ground on Tuesday after recent sharp losses that drove the steelmaking commodity to its weakest since November and pulled down spot prices to below $70 a tonne for the first time in three months. Lean demand in top consumer China has kept iron ore stocks at its ports near a record high around 159 million tonnes, enough to build Australia's Sydney Harbour Bridge almost 1,900 times over. Iron ore demand has been slow amid a mountain of…
France's DCNS Wins $40 bln Australian Submarine Contract
France's state-owned naval contractor DCNS Group has won a A$50bn ($40 billion) contract to build 12 submarines for the Australian Navy, beating bids from Japan and Germany. Malcolm Turnbull, Australia’s prime minister, announced that DCNS awarded tender over Germany and Japan to build fleet of Barracuda-class submarines in South Australia. The decision to build a new fleet of submarines in partnership with DCNS represented “a momentous national endeavour,” he said. The Shortfin Barracuda submarines will be built in Adelaide using Australian steel, creating 2,800 jobs, he said.
Sino-Australian Seaborne Trade
In recent decades, trade between the Australia and China have made an increasingly significant contribution to growth in global seaborne trade, and the signing of the China-Australia Free Trade Agreement in 2015 is driving further co-operation, says a report by Clarkson Research Services. But just how important has the impact of trade between these two countries been? Between 2006 and 2016, Chinese imports from Australia grew by a CAGR of 17% p.a. to reach an estimated 792mt in 2016.
MHI Establishes MHI Australia Pty. Ltd.
Today Mitsubishi Heavy Industries, Ltd. (MHI) launched operations at MHI Australia, Pty. Ltd. in Sydney. Creation of the new entity has two overriding ambitions: 1) to strengthen ties with Australia's governmental institutions and economic and industrial sectors, and 2) to serve as a base for developing relationships with Australia's academic bodies, including universities and research institutes. MHI Australia will help drive proactive sales support as well as broad information gathering to reinforce MHI's business structure in the Australia/Oceania region as well.
Record Breaker: AAL Delivers for Offshore Wind
AAL reports that it has completed three sailings into Adelaide with 45 windmill blades, turbine generators and other related components on each sailing, destined for the new AGL Silverton Windfarm in the Barrier Ranges of New South Wales. Comprising 58 turbines, the windfarm will produce 200MW (780,000 MWh of renewable energy) each year. At 63 meters in length, the blades carried by AAL are the longest ever to be shipped into Australia. The Silverton Windfarm sailing is part of…
Germany Hardsell Submarine Deal With Australia
The German company competing for Australia's $50 billion submarine contract is ramping up its pitches and lobbying became more intense. Germany is positioning itself as the "safe option" to build Australia's new submarine fleet, arguing it avoids upsetting China. The German company ThyssenKrupp Marine Systems (TKMS) linked its bid to strategic tensions in the South China Sea. It also said that awarding the contract to Japan could damage Australia's relationship with China. According to a report in ABC…
Key Management Change at GAC Australia
Scott Henderson has been appointed Managing Director of GAC Australia following the retirement of Phil Coolican after seven years with the company and more than four decades in the shipping industry. Previously the company’s National Operations Manager, in his new role Scott Henderson is responsible for overseeing the continued growth of GAC Australia’s shipping and logistics services business across Australia, New Zealand, Papua New Guinea and, the Pacific Islands. Prior to joining GAC Australia when the company was established in 2007…
Chevron Strike Gas Offshore Western Australia
Natural gas deposits discovered in two locations by Chevron Australia's deepwater drilling exploration program in the Carnarvon Basin. The Pinhoe-1 exploration discovery well encountered approximately 197 feet (60 meters) of net gas pay in the Barrow and Mungaroo Sands. Pinhoe-1 is located in the WA-383-P permit area, located approximately 124 miles (200 kilometers) north of Exmouth off the Western Australia coast. The well was drilled in 3,048 feet (929 meters) of water to a total depth of 13,396 feet (4,083 meters).
Kalmar Signs Deal with DP World Australia
Kalmar, part of Cargotec, continues its long-term cooperation with DP World Australia, the country's largest stevedore, with orders of 38 new machines for its new logistics arm, DP World Logistics Australia. The orders include 7 Kalmar reachstackers, 11 loaded and 20 empty container handlers. 22 units have successfully been delivered to DP World Logistics Australia's Botany Intermodal terminal with the remaining equipment to be delivered by September 2017. The order was booked into Cargotec's 2017 first quarter intake.
Australia's New Shipping Laws Threaten Loss of Jobs
The planned changes to Australia’s shipping laws would cause a 93% loss of Australian seafaring jobs a new report says. More than nine in 10 domestic seafarers will lose their jobs if the Abbott government's plan to relax shipping regulations passes Parliament, report written by the Australia Institute suggests. Less than 100 seafarers would remain in employment out of a current workforce of 1177, according to a report written by the Australia Institute, based on government documents supporting its Shipping Legislation Amendment Bill.
Australian Participation in Global Bioenergy Research
ARENA is providing $360,000 to Bioenergy Australia to help shape the global research and knowledge agenda for the developing bioenergy industry. The funding will enable Bioenergy Australia to extend its participation in the International Energy Agency’s Bioenergy program. *Biomass Feedstocks for Energy Markets. The two-way information sharing will be invaluable to the international bioenergy industry and research community as well as benefit bioenergy projects being deployed across Australia. Bioenergy Australia will be holding a series of knowledge sharing activities in the coming months.
LOC Appoints Harrison, Solomons
London Offshore Consultants (LOC) announced that Alex Harrison has assumed a new LOC Group role as Group Director, Energy Services effective October 13, 2014, after stepping down as Managing Director of LOC Australia. Taking over Harrison's role in Australia with effect from this same date is Adam Solomons. Harrison was a Director of LOC in London before transferring in 2005 to head LOC Australia which is now the second largest earnings generator in the LOC Group. He joined the LOC Group Ltd board in 2011.
Australia Welcomes Japan to Join Submarine Tender
Australian Defence Minister Kevin Andrews has requested Japan to participate in procedures to become Australia's partner in a project to jointly develop next-generation submarines. Andrews made the request in a telephone conversation with Japanese Defence Minister Gen Nakatani who responded positively, Japan's Jiji Press news agency reported. In their telephone conversation, Andrews was quoted as telling Nakatani that Australia hopes to study the feasibility of the two countries jointly developing a submarine, as Japan has the necessary technology, Japan’s public broadcaster NHK reported.
Australia to be Largest Gas Exporter?
Oil and gas professionals tip Australia to become world’s largest gas exporter by 2030. Delegates at the 2012 Australasian Oil and Gas Conference forecast huge growth in Australia’s role in the energy markets, tipping the country to become the largest gas exporter by 2030, according to a poll conducted by GL Noble Denton. Australasian Oil and Gas Conference, Perth – 23 February 2012: Oil and gas industry professionals are confident in Australia’s ability to become the world’s…
Australian PM Holding Talks on Sub Purchase
Australia is holding talks with a number of countries on a contract to build replacements for Australia's aging submarine fleet, Prime Minister Tony Abbott said on Sunday at the G20 leaders Summit in Brisbane. Japan has been seen as the front-runner to sell Australia as many as 12 stealth submarines, but strong interest from manufacturers in Sweden, Germany and France and domestic political pressure has led to calls for his government to hold an open tender. (Reporting by Matt Siegel; Editing by Eric Meijer)
Low Sulphur Fuel Regulation for Cruise Ships at NSW Ports
The Port Authority of New South Wales (NSW) has issued advice about the Consultation Draft of a new regulation requiring cruise ships to use low sulphur diesel fuel (sulphur content of 0.1% or less) from 1 October. If the regulation is passed, this would be applicable for all cruise ships visiting Sydney Harbour, and then to include all New South Wales ports from 1 July 2016. For information about operations in Australia contact GAC Australia at firstname.lastname@example.org
Japan Hardsells Submarine to Australia
Japan has urged Australia to award a contract to build its new $50-billion submarine fleet, reports SMH. Japan, which is offering a variant of its 4,000 ton Soryu submarine, is competing against rival bids from Germany and France for the contract. Japanese Foreign Minister Fumio Kishida has delivered a blunt message to Canberra that only its bid to build Australia's new $50 billion submarine fleet can provide the crucial "strategic" element. Mitsubishi Heavy Industries (MHI) chief executive Shunichi Miyanaga…
Australia's Classic International Cruises in Administration
The Business Recovery & Insolvency team at Lawler Partners appointed voluntary administrators of the cruise line. Brad Tonks and John Vouris of the Business Recovery & Insolvency team at Lawler Partners were appointed following a resolution by the company and made the following announcement. The Administrators understand that CIC Australia’s management have been working with the owners of the cruise ship “Athena” to confirm its availability for the 2012 – 2013 voyages after recent reports that Athena was arrested at port and that it is currently unable to depart.
Australia Oil & Gas Survey: Day 2
Australia must work harder to build local oil and gas talent, according to Industry Snapshot Poll. Delegates at the 2012 Australasian Oil and Gas Conference have warned that Australia needs to do more to grow its own oil and gas talent, according to a poll conducted by GL Noble Denton. Oil and gas professionals have called for Australia to do more to build local industry talent, as the country struggles with an increasing shortage of skilled professionals. According to a poll conducted yesterday at the Australasian Oil and Gas Conference and Exhibition (AOG) in Perth…
Marine Contracting Goes ‘Down Under'
Marine Contracting has announced that it has opened its Australian office in Perth as it seeks to bring its industry leading engineering and offshore marine solutions to the Australian offshore market. Key services that Marine Contracting will provide to Australian operators (among others) include permanent mooring and riser installations, pre-lay mooring for drilling rigs, and rig moving services for jack-ups. Marine Contracting will also be opening a new yard to house its offshore equipment in Karratha.
Technip, Wheatstone Project Processing Platform
Technip has been awarded, by Chevron Australia Pty Ltd, a front end engineering design (FEED) contract for the offshore processing platform associated with the Wheatstone Project in Australia. The upstream (offshore) portion of the project comprises development of gas fields in the WA-17-R and WA-253-P petroleum titles located on the Northwest Shelf offshore Western Australia at water depths of 70 to 200 meters. Subsea gas gathering systems will transport production to the processing platform where the gas and condensate will be respectively dehydrated…
New Dealers for Trac Ecological Marine
TRAC Ecological Products, manufacturer of environment-friendly products for onboard equipment cleaning and maintenance, has appointed 16 new U.S. and international dealers and distributors for its unique product line: Mathew’s Marine Air Conditioning, Fort Lauderdale, Fla.; Los Suenos Marine Supply and Landon Marine Group, Costa Rica; Super Marine and the Fahad Al-Sabih Marine and Desert Division, Kuwait; Kamraman Gulf Enterprises, Dhahran, Saudi Arabia; JS Gilbert Chandlery, Glascraft Marine Supplies…
Smit Lamnalco Acquires PB Towage
Royal Boskalis Westminster N.V. announced that Smit Lamnalco, a 50% owned associate, has substantially strengthened its position in Australia through the acquisition of PB Towage Australia (PB Towage). PB Towage is the second largest player in Australia with activities along the Eastern coast stretching from Melbourne to the Cape York Peninsula. Following this transaction, Smit Lamnalco will be active in 8 ports in Australia with a total of 29 vessels offering a combination of harbour towage, terminal and FPSO-related services.
Imtech Marine Extends Service to Australia
Imtech Marine has signed an agreement with Electrotech Pty in Australia. With this agreement and strategic partnership, Imtech Marine extends its global service network, now 94 own offices in 30 countries, with eight Electrotech offices in Australia. This agreement fits in the strategy of Imtech Marine to be present where customers need support on the spot, also taking into account that Australia is gaining importance in international shipping. With Electrotech Imtech Marine can provide all navigation and communications services…
DP World Melbourne Terminal Gears for Volume growth
DP World Australia's new 30,000 sqm Melbourne terminal expansion, at the former Bentley Chemplax site, was commissioned on Tuesday (15 March 2016), signalling the start of a suite of capital investment projects in 2016-17. The completion of the Bentley Chemplax site delivers an additional 450 ground slots or 100,000 TEU (twenty-foot equivalent unit) of container capacity per annum, increasing the capacity of the terminal to 1.4m TEU per annum. The development is the terminal’s largest expansion project since 2010…