Terminal Operator GCT Signs on to TradeLens
Global Container Terminals (GCT) will deploy the IBM-Maersk TradeLens platform at its four North American terminals.GCT operates four strategically located, big ship ready terminals on the west and east coast of North America. A leader in technologically advanced terminal operations, no company is more prepared to keep pace with the changing needs of global supply chains than GCT.In the Port of Vancouver, GCT Canada is the heart of the Asia-Pacific Gateway. GCT Deltaport is Canada’s largest marine terminal…
Pelosi: New 'NAFTA' Trade Deal Near Agreement
U.S. House Speaker Nancy Pelosi said on Thursday lawmakers were getting closer to an agreement with the Trump administration on revisions to the deal negotiated by the Trump administration with Canada and Mexico."I can honestly say that I think every day we are becoming closer," Pelosi said at her weekly news conference. "The issue is do we have enforcement. We feel very good about being on a path to yes. We're not there yet because we don't have the enforceability assurance that we need to have.
Australia Hosts GloFouling Event
The GEF-UNDP-IMO GloFouling Partnerships project has concluded its inaugural Research and Development Forum and Exhibition on Biofouling Management, in Melbourne, Australia (1 to 4 October).Bringing together experts, regulators and industry representatives to discuss the latest advances in research, regulations and technologies related to marine biofouling across all maritime sectors, this is set to become the project’s biennial “signature event”.Over 170 participants and 40 speakers took part in a program that focused on how biofouling affects different maritime industries…
DP World Becomes a Full Logistics Operator in Peru
DP World, a Dubai-based global port operator, announced that it has expanded its business in Peru into a fully-integrated maritime and logistics operation.It has completed the development of the first phase of the deepwater port of Posorja in Ecuador for around $538 million. The whole project is estimated to cost around $1.2 billion.The development of the port by DP World will make Ecuador a trade and logistics hub for South America’s west coast. It will also see large container ships with capabilities exceeding 10…
Seaspan Names Hargreaves VP, Strategy & Business Development
Seaspan Shipyards, Canada’s non-combat shipbuilding partner for the National Shipbuilding Strategy, is pleased to announce the appointment of David Hargreaves as Vice President, Strategy & Business Development.David brings to Seaspan over 25 years of experience in complex system engineering and a track record of growth-oriented industrial development, building long-lasting customer relationships and establishing strategic partnerships.Leveraging Seapan’s world class modern infrastructure…
Chevron Sets New Goals for Greenhouse Gas Reduction
American multinational energy giant Chevron Corporation unveils new goals to reduce oil production-related greenhouse gas (GHG) emissions by 5% to 10% over a seven-year period ending 2023 as part of an ongoing effort to combat global climate change.The GHG emission intensity reduction metrics apply to all upstream Chevron oil and natural gas, whether Chevron has operational control or not. Emission intensity is the emission rate of greenhouse gas per unit of energy produced.“Global demand for energy continues to grow…
Marine Cargo Insurance Market Still Not Profitable
Sean Dalton, Chair of the Cargo Committee of the International Union of Marine Insurance (IUMI) has said at the organization’s annual conference in Toronto, Canada, that there has been a 2.5 percent increase in 2018 global premiums to $16.6 billion but that this increase was largely attributable to growth in global trade and exchange rate fluctuations. He added that the marine cargo market was in a state of “accelerating change” driven by underwriters taking action to address unprofitable results and to improve performance.Dalton stated: “On a global basis…
Polymer Pioneer Wins Sperry Award
Thordon Bearings’ founder and polymer materials pioneer George A. (Sandy) Thomson has been awarded the global transportation sector’s most distinguished accolade, the Elmer A. Sperry Award 2019 for “Advancing the Art of Transportation”.Thomson joins a long list of Sperry Award recipients, which was established in 1955, including Donald Douglas, Ferdinand Porsche, Sir Geoffrey De Havilland, Christopher Cockerell, Leonard Hobbs, Perry Pratt, Josef Becker and Malcom McLean.“I am deeply honored and humbled to win this award…
Cosco, CN Extend Intermodal Pact
Canadian National Railway (CN) announced that COSCO Shipping has chosen CN to be the exclusive rail provider for the Chinese state-owned shipping company's discharge at the Ports of Vancouver, Prince Rupert, Montreal, and Halifax to all currently served CN destinations.“We are proud that CN’s supply chain logistics and focus on growth has earned the continued trust of COSCO shipping’s business,” said Keith Reardon, senior vice-president of consumer product supply chain at CN.“This is yet another strategic contract signed recently.
BREAKBULK SHIPPING: Breakbulk Breaks the Mold
In the cargo shipping world, there’s the bulk sector, the container segment, and then, there is “everything else.”When it comes to ‘everything else,’ breakbulk is the cargo that resides in between, comprising much of that remainder, including forest products (lumber, baled pulp) and steel. Breakbulk may, at times, share space on multipurpose vessels that also handle heavylift and project cargo, but can also be transported on vessels that handle drybulk. Prior to the advent of containerization, bales, barrels and pallets dominated.
Trump warns China Against Trade Talk Delays
U.S. President Donald Trump on Tuesday warned he would be "tougher" on Beijing in a second term if trade talks dragged on, compounding market fears that ongoing trade disputes between the United States and China could trigger a U.S. recession.The world's two largest economies imposed fresh tariffs on each other on Sunday, ratcheting up a tit-for-tat tariff war that has unsettled financial markets and raised the specter of a global recession. U.S. and Chinese negotiators are due to meet in person in Washington this month, but no date has yet been set.U.S.
PSA International Acquires Penn Terminals
Marking its first foray into the US, Singapore-based port operator PSA International has completed the acquisition of Penn Terminals located on the Delaware River in the U.S. from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets.Penn is a privately owned multipurpose marine terminal on the Eastern Coast of the USA. Penn’s terminal, warehousing and stevedoring services have enabled it to handle its clients’ cargo since 1986.“This acquisition represents PSA’s very first foray into the USA.
Inland Container on Vessel Logistics Advance
Missouri Port Authorities Team Up To Advance Plan For Statewide Initiative That Focuses On Innovative Inland Waterway Container-On-Vessel Freight Service.Missouri Governor Michael Parson visited the Mississippi River town of Herculaneum on August 12 to find out more about statewide efforts to deliver a new option to transport freight along the inland waterways and what role an innovative waterway vessel could play in moving larger volumes of goods and commodities along both the Mississippi River and Missouri River and their tributaries.
New Container Terminal for Montreal
Montreal Port Authority is proposing to build a new container terminal within the port’s Contrecoeur terminal to support the growing container market in the greater Atlantic Canada region, with construction expected to start next year after the necessary approvals have been received. Commissioning of the new facility is scheduled for 2024.Port of Montreal in Quebec, Canada is the biggest international container port in the eastern part of the country, handling more than 1.7 million containers in 2018.
BC Ferries Endorses BC Safety Charter
British Columbia Ferry Services (BC Ferries) informed that its President & CEO Mark Collins is the latest executive to join the BC Safety Charter, a move that highlights the company’s commitment to improving and promoting workplace safety.The signing ceremony took place this morning at BC Ferries’ head office in Victoria, British Columbia, said a press release from the provides all major passenger and vehicle ferry services for coastal and island communities in the Canadian province of British Columbia.“Safety is our highest value.
Haisla Nation, Seaspan ink LNG Canada Tug Deal
HaiSea Marine, a joint venture partnership between the Haisla First Nation and Seaspan ULC, today announced the signing of a contract award with LNG Canada to design, build and operate escort tugs and harbor tugs required for LNG Canada’s LNG export facility in Kitimat, British Columbia.The value of the contract award is approximately $500 million over 12 years and will result in employment for approximately 70 mariners and six onshore staff, plus other roles for employees of the partner organizations.“HaiSea Marine is majority-owned by the Haisla…
GeoLOGIC Acquires TOP Analysis
Canada's geoLOGIC systems announced that it has purchased TOP Analysis, a provider of Canadian thermal oilsands critical information & competitive intelligence through an easy to use SaaS platform available to all disciplines."TOP Analysis is regarded as an industry standard for data associated with thermal projects and all oil & gas regulatory information by engineers, geologists and other technical professionals. TOP Analysis enabled clients to be competitive in a market where the ability to make timely development decisions can make or break a company…
Missouri Plans Inland Container-On-Vessel Service
Missouri Governor Michael Parson visited the Mississippi River town of Herculaneum on August 12 to find out more about statewide efforts to deliver a new option to transport freight along the inland waterways and what role an innovative waterway vessel could play in moving larger volumes of goods and commodities along both the Mississippi River and Missouri River and their tributaries. He was joined by a group of Missouri lawmakers, Jefferson County elected officials, representatives from the port authorities of Jefferson County, Kansas City and Jefferson City, and others.
Contrecoeur Port Expansion Deal Signed
The Canada Infrastructure Bank (CIB) announced that it will work with the Montreal Port Authority (MPA) to advance the project development of a new container terminal in Contrecoeur, where the port plans to expand its activities.The work could lead to an investment in the South Shore project, potentially via a form of equity or debt financing, said Pierre Lavallée, the bank’s chief executive officer.The Memorandum of Understanding confirms that CIB and MPA will work on the financial structuring of the proposed terminal.
Port of Hamburg Reports Strong Growth in H1
Germany’s largest universal port Port of Hamburg remains on a growth course, achieving a distinct 4.1% advance to 69.4 million tons in seaborne cargo handling in the first half of 2019."Especially good growth trend in the general cargo segment, up 6.1 percent at 48.4 million tons, was the main contributor to the excellent figures for total and container handling," said a press release from the third-busiest port in Europe.The total for bulk cargo handling was just 0.3 percent…
Port of Vancouver Sets Records
The Vancouver Fraser Port Authority, the largest port in Canada and the largest in the Pacific Northwest, has recorded new mid-year record for container volumes.Between January 1 and June 30, 2019, overall cargo through the port increased 0.5% to a record 72.5 million metric tonnes (MMT) over the same time last year, with new mid-year records in containers, potash, grain and cruise passengers.“This year’s record mid-year cargo volumes reflect what continues to be two of the Port…
West of England Strengthens NY Team
The West of England, a leading mutual marine insurer, has appointed a new Senior Claims Manager to work in its Americas team.Emily McCulloch joined the London office on the 7th August but will transfer to the New York City office before the end of the year where she will provide a localized claims service to the Club’s Members in the USA, Canada and South America.A qualified lawyer, Emily has significant experience of both P&I and Defense claims, having worked as a Syndicate Manager at another International Group Club prior to joining the West.
Cruise Ships Dump 90% of Grey Water in BC
1.54 billion liters of grey water were generated by ships off the British Columbia coast in 2017 - the equivalent of more than 600 Olympic-size swimming pools, said a study.World Wildlife Fund Canada says cruise ships traveling between Washington state and Alaska are responsible for dumping "the vast majority" of the potentially toxic grey water that ends up off the B.C. coast each year.Cruise ships accounted for 1.37 billion (almost 90%) of the 1.54 billion liters of grey water generated off the B.C.
UAE Presence Grows in the Maritime World
Over recent years the United Arab Emirates has emerged as an important maritime hub with grand ambitions. Mark Venables visited the region to discover what is driving that growth.When the UAE was elected to the IMO Council as a Category B member, it immediately raised its profile within the maritime community. The Emirates have taken a significant step forward in the maritime world.Despite this success, the region remains a challenging market for shipping and logistics. One of…
Genting HK Sells Stake in Dream Cruises
Genting Hong Kong, a member of the Malaysian Genting Group, has reached an agreement to sell a 35% stake in global cruise ship company Dream Cruises to Canada’s TPG Darting, which is owned by TPG Capital Asia and Growth Funds.The company said the deal would strengthen its balance sheet as well as its ability to continue to expand its fleet in the cruise industry.The consideration for the 35% equity interest is US$489 million, valuing Dream Cruises total equity at US$1,397 million. With assumption of net debt of US$1,871 million, the enterprise value of the transaction is US$3,268 million.
U.S. Crude Exports Reach a Record of 3.16 mln bpd
U.S. crude oil exports surged 260,000 barrels per day (bpd) in June to a monthly record of 3.16 million bpd as South Korea bought record volumes and China resumed purchases, data from the U.S. Census Bureau showed on Friday.South Korea surpassed Canada to become the biggest purchaser of U.S. crude at about 605,000 bpd. China purchased about 292,000 bpd, the most since June last year and was the third-largest buyer of U.S. crude in June, the data showed.China, once the top buyer of U.S.