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Saturday, April 17, 2021

Business News

Talbert Joins JAXPORT Board of Directors

Jacksonville Mayor Lenny Curry has appointed Memorial Hospital President and CEO Bradley S. Talbert, FACHE to JAXPORT’s Board of Directors. Talbert’s appointment was unanimously approved by the Jacksonville City Council on April 13.An experienced healthcare executive and civic leader, Talbert has two decades of leadership experience at hospitals throughout the Southeast. Under his leadership, Memorial has earned final Accreditation as a Level 2 Trauma Center and completed more than $36 million in facility expansions.

(Photo: Suez Canal Authority)

Coverage for Suez Canal Supply and Trade Disruptions

The six-day blockage of the Suez Canal by the Ever Given has resulted in numerous trade and supply chain disruptions for businesses that depend on timely shipments. At least 400 cargo ships were stuck and many forced to reroute. Businesses may be protected from lost profits and the costs of these interruptions and supply chain delays by insurance.Businesses that depend on the Suez Canal to deliver their cargo, commodities and products face billions of dollars of lost profits and damages.

(Photo: Port of Oakland)

Port of Oakland Reports Record Cargo Surge

The Port of Oakland reported all-time high container volume for import and export cargo in the month of March amid an ongoing trade boom exploding through U.S. ports.The port said Oakland received the equivalent of 97,538 20-foot import containers in March. It said it shipped out the equivalent of 94,169 20-foot export boxes. Both totals were single-month records at the 94-year-old port. March imports were up 45% from the same month a year ago, the port said. March 2020 was when the port felt the initial impacts of the pandemic. Exports gained 12% year-over-year.

© harlequin9 / Adobe Stock

Drifting Apart? European Firms Battle to Reach UK Clients

Post-Brexit trade rules mean prosecco supplier Serena Wines 1881 must store bottles destined for Britain on costlier, fumigated pallets in their own corner of its warehouse in the northeast Italian town of Conegliano.The new shipment requirement is one example of the extra cost and complexity that firms across continental Europe face serving British customers since Jan. 1, adding to disruption of the COVID-19 pandemic to drive UK-EU trade volumes lower.“These first months have been hectic, hellish for everyone,” said export manager Nicola Piovesana.

© Idanupong/AdobeStock

BIMCO: U.S. Economic Stimulus Have Worked Magic for Container Shipping

North American import of containerized goods from the Far East soared to a noteworthy high of 1.62m TEU during February 2021, a 100% increase from the low point of the same month last year. Fueled by US stimulus, volumes moving on the trans-pacific trade lane to consumers and businesses in North America thereby defied all obstacles during a month usually characterized by slow activity.In particular, the US economic stimulus packages have worked magic for the container shipping industry…

Robert Ekse (Photo: EBDG)

Elliott Bay Design Group Names Ekse President

Naval architecture and marine engineering firm Elliott Bay Design Group (EBDG) said its board of directors has appointed Robert Ekse as president of the firm. Ekse will assume the position from current president and chief engineer, Brian King, who is retiring after 33 years of service. King will remain active in EBDG projects in a limited capacity, accepting the role as principal emeritus."Brian will be deeply missed, but his many accomplishments will be a reminder of his contributions to our industry…

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The Swedish Club Pairs with CWA to Reduce Cargo Claims

The Swedish Club has partnered with cargo consultants CWA International to develop its new Cargo Advice series, aiming to provide advice and information on the carriage of a wide range of cargoes that are frequently subject to claims.The new Cargo Advice gives operators a unique, in depth insight into the proper handling and carriage of these cargoes, with detailed advice on the basic characteristics of each cargo type and the measures to be taken during each stage of carriage.

Photo courtesy Shipbuilder/Shutterstock

Tech File: 3 Key Factors to Successful Maritime Digitalization

It's talked about a lot in the maritime industry: how to digitize your business process. Should you simply just buy a software package from a well-known large international software vendor? If you want to do that, first read these tips to help you successfully digitize your business process to make it successful.How to Digitize Your Maritime BusinessVision is often seen as a difficult subject. However, a vision on maritime digitalization is absolutely necessary to be successful. A ship does not sail without proper preparation.

AXESS Networks Creates Commercial Maritime Business Unit

AXESS Networks (AXESS) has created a new business unit: AXESS Networks Maritime; a specialized business unit established to respond to the growing and sophisticated demands within the maritime sector.“The maritime business initiative is a major step within AXESS’ growth and diversification strategy,” said Guido Neumann, President AXESS EMEA and Chief Development Officer AXESS. “AXESS will present tailored connectivity solutions to the commercial shipping and yachting markets, whilst focusing on their specific requirements.

Survitec Completes $372M Refinancing

Survitec completed a $372M refinancing with funds managed or advised by the Credit Group of Ares Management Corporation.“Successfully concluding this financing demonstrates the confidence we believe that Ares and M&G have in our business," said Ray Leclercq, Survitec’s CFO.Survitec’s lead shareholders are Searchlight Capital Partners, a global private investment firm, and M&G Investments, an international asset manager.Survitec also recently announced another key element of its long-term growth plans.

Vermund Hjelland was named the new CEO of Servogear starting in August 2021. (Photo: Servogear)

Hjelland Tapped to Take the Helm at Servogear

Servogear announced it has seen record sales during the first quarter of 2021, and has established an order back-log of $14 million for delivery in 2021, compared to total sales of $9.1 million for the whole of 2020, driven by orders for zero emission propulsion systems for high-speed passenger ferries and cruise & sightseeing vessels for tourism.The company is also a provider of propulsion systems to highspeed crew transfer vessels used to ferry service personnel to and from offshore wind turbines…

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Training Tips For Ships - Tip #23: Is Your Training Technology Disaster-Ready?

A customer once told me that they had just completed a business continuity analysis and had identified their LMS as their second most mission-critical technology - second only to payroll! Take a moment to consider how much you rely on training technologies to sustain your operations and compliance. How long could you comfortably go without your employees having access to training? How long could you go without access to your compliance records or your employees’ certificates?

Trish Skoglund (Photo: Crowley Maritime Corp.)

Crowley’s Skoglund to Lead Mergers and Acquisitions Team

Crowley Maritime Corp. has appointed Trish Skoglund as corporate director of mergers and acquisitions, guiding strategic investments that create sustainable growth and accelerate the company’s competitive advantages.In her newly created role, Skoglund will contribute to all aspects of strategic acquisitions, and she will collaborate with Crowley’s business units to identify growth opportunities that best maximize the company’s diverse capabilities and offerings, the company said.

Jones Capital Acquires Rockport Terminals

Jones Capital said it has acquired Rockport Terminals, one of the largest private intermodal terminals on the Texas Gulf Coast.Rockport Terminals is located within 28 miles of the fast growing Port of Corpus Christi, but outside of the Port's tariff zone. With more than 250 acres of industrial land, Rockport Terminals boasts access to the Intracoastal Waterway, nearby railways and many major highways. Today, the terminal specializes in bulk liquids storage, bulk and break bulk…

(Photo: Associated British Ports)

Port of Southampton to Deploy Private 5G

One of the United Kingdom’s (UK’s) busiest ports is slated to deploy private 5G follownig an agreement between Verizon Business and Associated British Ports (ABP). Delivered in partnership with Nokia, Verizon’s private 5G platform will provide the Port of Southampton with a secure, low-latency private network connection.One of a network of 21 ports operated by ABP, the Port of Southampton is the UK’s number one port responsible for £40 billion in exports from the U.K. every year.

(Photo: Jeremy Polston / Georgia Ports Authority)

Port of Savannah Expanding Amid Swift Cargo Growth

The Georgia Ports Authority Board on Monday approved capital improvement projects that will increase the Port of Savannah’s container capacity by 20% amid unprecedented cargo growth.“Right now, we are moving container volumes that we did not expect to see for another four years,” said GPA Executive Director Griff Lynch. “Our employees are working very hard to ensure we continue to provide our customers with world-class service. Additionally, we are expediting capacity projects…

Crew sometimes step off a vessel to work on a fish farm’s structure (Photo courtesy DESS Aqua)

Case Study: Connectivity is King for DESS Aqua

When Norwegian fish farming support vessel operator DESS Aqua wanted to improve connectivity on its vessels early last year, it had some demanding criteria. Now, just over a year later, it has installed a wireless system from ScanReach across most of its fleet and is likely to continue installations into the remaining vessels and three newbuildings.Bjørn‑Inge Engene, COO, was looking for more than just technical connectivity: he wanted business connectivity across the company. “We have invested a lot of money into having one system to run our entire company,” he said.

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OPINION: Blockchain can Revolutionize the Shipping & Logistics, but is it Ready?

The pandemic led to a disruption of the global sectors that also included the ocean trade. International trade witnessed an extensive impact on operations, causing a sharp decline in trade activities worldwide. Only a few technology-driven service providers managed to overcome some of the Export and Import industry's challenges during the pandemic. Interestingly, however, the exporters and importers' stumbling-blocks could have been handled efficiently if the entire ecosystem was backed by digital infrastructure.

Cheong Tsang becomes the new operations director at Balmoral Tanks’ Thurnscoe, South Yorkshire, facility. Photo courtesy Balmoral Tanks

Balmoral Tanks Appoints Lockwood, Tsang

Balmoral Tanks, a wholly owned subsidiary of Aberdeen-based engineering and manufacturing business, Balmoral Group, announced two senior appointments: Gary Lockwood becomes the new operations director at Balmoral Tanks’ Llantrisant facility in South Wales while Cheong Tsang moves into a similar role in Thurnscoe, South Yorkshire.Lockwood has enjoyed a career across the defence, aerospace and electronic contract manufacturing sectors where he has held responsibility for engineering, operations, program management and business development.

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Cruise Ships to Run on Shore Power in Port of Valletta

Cruise ships moored in the Maltese port of Valletta will soon be able to plug into the island's energy grid, drawing the power they require to be fully operative without having to keep their diesel engines running. Nidec ASI, head of the Nidec Industrial Solutions platform belonging to the Nidec Group, said it has secured a  €12 million contract with the Maltese company Excel Sis for the creation of a “shore-to-ship” project at the port. Nidec ASI was awarded the supply of power and high-tech systems and all related engineering…

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Seafarer Vaccination Conundrum a 'Legal Minefield', ICS Says

Seafarers' lack of access to vaccinations is placing shipping in a "legal minefield", while leaving global supply chains vulnerable, warns the International Chamber of Shipping (ICS).The organization is planning to circulate a legal document to the global shipping community later this week highlighting its concerns following reports that some states may require crews to be vaccinated in order to enter their portsComplicating matters even further, it's expected developing nations will not achieve mass immunization until 2024…

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JAXPORT Bringing More Jobs to Florida

The Jacksonville Port Authority (JAXPORT) in Northeast Florida and Volusia County in Central Florida have signed a Memorandum of Understanding (MOU) that establishes a working relationship to promote each other’s geographical and business advantages. The goal of the partnership is to attract more global businesses to Volusia County, bring more Florida-bound cargo through JAXPORT and create high-wage jobs for Florida.Under the agreement, JAXPORT and Volusia County will work together to attract new distribution…

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Jurong Port Buys Lim Family's Stake in Universal Terminal

Singapore port operator Jurong Port has completed its acquisition of a stake in a major oil storage terminal in the city-state from the family behind collapsed oil trader Hin Leong Trading Pte Ltd, a port spokesman said on Saturday.The spokesman said government-owned Jurong Port had completed the purchase of a 41% stake in Universal Terminal from the Lim family. He declined to give details on the transaction.A lawyer for the family did not immediately respond to a Reuters email…

Rick Hall - Credit: SOFEC

SOFEC CEO to Retire

Rick Hall, CEO of SOFEC, a company providing mooring systems for the international offshore oil and gas industry, has decided to retire.According to SOFEC, a subsidiary of Japan's FPSO specialist MODEC, Hall, who has been with SOFEC for almost three decades, and of which 21 years as SOFEC’s President and Chief Executive Officer, will retire on March 31, 2021.SOFEC said that in Hall's place Brent Konstanzer will step into the President & CEO role on April 1st, 2021. Konstanzer…

(Photo: DP World)

DP World Optimistic for 2021 Amid Pent-up Demand

Ports operator DP World gave an optimistic outlook for 2021 on Thursday, citing pent-up demand for cargo and an easing of geopolitical tensions after the change of U.S. administration.Sultan Ahmed bin Sulayem, who is chairman and chief executive of the Dubai state-owned global ports operator, said that demand and supply chain capabilities had also improved as a result of the coronavirus pandemic.“You are always cautious ... (but) the outlook this year looks good for many reasons…

Microgrid Concept for Inland Port: In the MethanGrid research group DVGW, Rolls-Royce Power Systems and other partners have developed a complete locally coupled energy supply system for the Karlsruhe inland port facility. Electricity, gas, heating, industry and transport - all the current sectors - are coupled by means of this microgrid so that the available energy, including renewables, can be optimally exploited. Image courtesy Rolls-Royce Power System/MethanQuest

MethanQuest: Test Results In for Renewable Hydrogen, Methane as a Fuel

As the maritime industry embarks on 'the path to zero', it is widely acknowledged that there is currently not a 'silver bullet' solution, nor is it likely that a solution will emerge from a vaccum. Collaboration is the path forward, and efforts such as MethanQuest offer promise.The project MethanQuest was launched in September 2018 with 29 partners from research, industry and the energy sector to work on processes for producing hydrogen and methane from renewables and for using them to achieve climate-neutral mobility and power generation.