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Monday, January 20, 2020

Canada News

Image: Sociedad Matriz SAAM S.A

SAAM Acquires Intertug

Chilean logistics company SAAM has struck a deal to buy Intertug Investment Holding, a towage services company with operations in Colombia, Mexico and Honduras.SAAM will spend $54.5 million for 70% of Intertug, based on an enterprise value of $98 million, and carry out the acquisition through a capital increase and a share purchase, it said in a stock market exchange announcement.Intertug's 25-vessel fleet logs more than 18,000 maneuvers a year, generating around US$44 million in towage service revenue annually.The partnership with Intertug allows us to enter Colombia…

©  jeayesy / Adobe Stock

World Seaborne Coal Trade Rose 0.7% in 2019

Seaborne coal trade around the world grew 0.7% last year, helped by higher output in China and Indonesia and more export activity by Indonesia, Australia, Russia and Canada, Germany's VDKI coal importers lobby said on Friday.Imports and exports, counted together, rose to 1.218 billion tonnes from 1.210 billion tonnes in 2018, VDKI Managing Director Franz-Josef Wodopia said in an speech made available to Reuters, citing VDKI estimates.Within the 2019 total, trade in coking coal used for steelmaking dropped by 1% to 287 million tonnes as steel production declined, the Verein der Kohlenimporteure

Image: Borr Drilling Limited

Borr Drilling Appoints Neil Glass as Director

International drilling contractor to the oil and gas industry Borr Drilling Limited announced the appointment of Mr. Neil Glass as a new director of the Board.Glass graduated from the University of Alberta in 1983 with a degree in Business. He is a member of both the Chartered Professional Accountants of Bermuda and of Alberta, Canada, and is a Chartered Director and Fellow of the Institute of Directors.Glass worked for Ernst & Young for eleven years: seven years with the Edmonton, Canada office and four years with the Bermuda office.

Image Credit: SAAM

SAAM Towage to Enter El Salvador Market

Latest move to Enter El Salvador with Energía del Pacífico will Reinforce SAAM Towage's Presence in Central America.The Managing Director of SAAM Towage, Felipe Rioja, celebrated the company’s upcoming launch in the new market: El Salvador. “We will provide services for the Energía del Pacífico (EDP) project at the Port of Acajutla, which reinforces our presence in Central America and our commitment to the region,” he commented.The long-term agreement with EDP calls for allocating three tugs, two of which are new, to power plant operations.

AdobeStock / © Renaschild

Pelosi to Speak as U.S. Closes in on USMCA Deal

U.S. House Speaker Nancy Pelosi will hold a news conference on Tuesday to discuss the U.S. Mexico Canada (USMCA) trade deal as U.S. and Canadian officials prepared to fly to Mexico City to work on final changes to the agreement."We're close. We're not quite finished yet, we're within range," Pelosi told a forum of chief executives on Monday evening.Her office did not elaborate on any announcement but she will be accompanied at the news conference by Representative Richard Neal…

Image: WiseTech Global

WiseTech Global Acquires Ready Korea

Global logistics software group, WiseTech Global has announced the acquisition of Ready Korea, a customs, bonded warehouse and trade compliance solutions provider in South Korea.Headquartered in Seoul, Ready Korea offers a cross-border compliance solution, which facilitates the lodgement of electronic transactions to the Korean Customs Service, including customs brokerage and refunds and Free Trade Agreement verification, along with bonded warehouse management.Ready Korea also…

Source: BIMCO, US Census Bureau

BIMCO: No Change in US Imports of Steel Goods From Brazil

0.0%, no change in US imports of steel goods from Brazil despite quotaIn the first ten months of the year, the US imported 3.9 million tonnes of steel goods from Brazil, the same as was imported in the first ten months of 2017, despite the US putting in place quotas which was supposed to lower imports from the country.Brazil is the largest seaborne exporter of the tariffed steel goods to the USA, twice as large as South Korea, in second place.Brazil approaching its annual quotaIn May 2018…

Pic: Royal Canadian Navy

Harry DeWolf's Sea Trials Underway

Halifax Shipyard has commenced initial builder’s sea trials for Canada’s lead Arctic and Offshore Patrol Ship (AOPS), the future HMCS Harry DeWolf.The lead AOPS departed Halifax Shipyard at 0945 and, using its diesel-electric engines, moved to the Bedford Basin to start initial builder’s sea trails associated with anchor handling, the integrated bridge and navigation system (IBNS), fin stabilizers, Multi-Role Rescue Boat (MRRB) launch and recovery, and communication systems.Initial…

Noordam (Photo courtesy of SMS Group)

SMS Group Completes Refit for Holland America

The SMS Group has completed two pieces of major interior outfit work for Holland America Line in the Caribbean and Canada.This division is led by industry veteran Dan Lockyer. In respect to the recent wins Dan said: “We completed these first two, major projects, on time and on budget. “The Noordam refit, undertaken in the Seaspan yard in Victoria, Canada, We had over 20 men onsite, with two project managers, and completed works in 742 cabins. “The Volendam was similar, although a slightly smaller project. The works were undertaken in Freeport, Grand Bahamas.

Image: © HHM / Hasenpusch

Cargo Biz Grows at Hamburg Port

Germany’s largest universal port, the Port of Hamburg, reported a container throughput of 7 million TEUs for the first three quarters of this year, representing a growth of 6.9 percent year-over-year.The climb in container handling is primarily attributable to the four new transatlantic services, plus four new Baltic feeder services. Since the beginning of the year, the new transatlantic services operated by Hapag-Lloyd and ONE have connected Hamburg with ports in the USA, Canada…

Masaya Hasegawa, Representative Director of Shizen Energy and David Povall, Executive Vice President, Development of Northland. Photo: Shizen Energy

Northland, Shizen Join Forces for Japanese OWP

Canadian energy company Northland Power and the Japanese provides renewable energy project development services Shizen Energy have agreed to set up a joint venture to develop offshore wind projects in Japan.Under the terms of the agreement, the partners will establish a 50:50 joint venture (Chiba Offshore Wind Inc.), which will serve as the development vehicle for the projects. The joint venture is pursuing projects that have a combined capacity of approximately 600 megawatts…

Artist impression courtesy Damen.

Damen Snags Ferry Order from B.C. Ferries

Damen Shipyards Group has won a repeat order from B.C. Ferries for four additional Damen Road Ferries 8117 E3, also known as the “Island Class vessels”. The diesel-electric hybrid ferries follow two such vessels that the client ordered from Damen in 2017. The four new vessels will provide inter-island ferry services between Vancouver and Vancouver Island.“The fact that Damen had designed the original two island class ferries for BC Ferries, positioned us well to start building very quickly," said Leo Postma, Sales Manager, Damen.

Image: Halifax Shipyard

Canada’s 2nd Arctic Offshore Patrol Ship Launched

The Royal Canadian Navy’s second Arctic and Offshore Patrol Ship (AOPS), the future HMCS Margaret Brooke, was launched yesterday, Nov. 10, 2019, at Halifax Shipyard.The launch of the second of six AOPS for the Royal Canadian Navy, marks a significant milestone for Canada’s National Shipbuilding Strategy (NSS) and the revitalization of the Royal Canadian Navy’s combatant fleet.The 103-metre future HMCS Margaret Brooke transitioned from Halifax Shipyard’s land level facility to a submersible barge on Nov.

Pic: GasLog

GasLog Sees Tighter LNG Shipping Market

GasLog, an international owner, operator and manager of liquefied natural gas (LNG) carriers, is predicting a tighter LNG shipping market, as increasing United States LNG output combines with a seasonal uptick in demand for gas, resulting in rising demand for shipping and higher utilization of the global fleet.These underlying trends in the LNG commodity and shipping markets point towards a structurally tighter market through 2020 and into 2021.As of October 28, 2019, the LNG fleet and orderbook (excluding floating storage and regasification units (FSRUs) and vessels with capacity below 100…

Stakeholders met with Minnesota Department of Transportation (MnDOT) officials, Deputy Commissioner Susan Mulvihill, Deputy Commissioner Scott Peterson, and Bill Gardner, Director of Freight, Railroads & Waterways Department of Transportation.

Great Lakes Seaway Shipping Highlights Economic Impact

The Great Lakes Seaway Partnership hosted Capitol Day in St. Paul, Minnesota yesterday to meet with Governor Tim Walz and other key legislators to share insights on the critical role of the Great Lakes Seaway system in maintaining a vibrant regional, national and global economy.“Commercial navigation on the Great Lakes Seaway system is an economic driver — both broadly in the United States and Canada — but, especially, in Minnesota. More cargo moves in-and-out through Minnesota ports than any other Great Lakes state and supports over 6…

Image: DP World

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…

Pic:  International Maritime Organization (IMO)

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…

AdobeStock / © nightman1965

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.

Pic: BAM International

BAM Bags 2nd JV Contract in Canada

JGC-Fluor joint venture has awarded BJM the contract for the construction of the LNG Canada MOF, a material offloading facility to support the realization of a LNG export facility in Kitimat on the west coast of Canada, British Columbia (approximately 600 km north-west of Vancouver).BJM is a joint venture between BAM International (the operating company of Royal BAM Group active outside Europe), JJM Construction (Canada) and Manson Construction (USA).The project is part of the overall LNG Canada project.

Sean Dalton, IUMI Cargo Committee Chair: “Exposures will continue to increase for the cargo underwriter.” (Photo: IUMI)

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…

Image by Global Container Terminals Inc. (GCT)

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…

Image: Chevron

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…

David Hargreaves, Vice President, Strategy & Business Development (CREDIT: Seaspan)

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…

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.

Thomson onboard the Canadian Coast Guard Ship Hudson with SeaThigor mechanical face seal installed.

 (Photo: Thordon Bearings)

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…

Photo: SEA\LNG

FortisBC Joins SEA\LNG

Canadian liquefied natural gas (LNG) provider FortisBC has joined SEA\LNG, a multi-sector industry coalition accelerating the widespread adoption of LNG as a marine fuel.Peter Keller, Chairman, SEA\LNG, said: “We’re pleased to welcome FortisBC to the SEA\LNG coalition. Our North American member network grows as the appetite for LNG as marine fuel expands across the globe.”FortisBC brings to the coalition nearly 45 years’ experience in LNG production in Western Canada. It owns and operates two LNG facilities on the west coast…