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Wednesday, January 22, 2020

Cement News

Arun Sharma, Executive Chairman. Photo: IRClass

IRClass Foreign Flag Fleet Reg. Up 16%

The Indian Register of Shipping (IRClass) said that the classed fleet registered approx. 3% growth in the past year.The ship classification society said that its foreign flag fleet continued to grow at a robust pace with 16% more vessels added during 2019 demonstrating strong global acceptance of IRClass services.IRClass received several flag authorizations in 2019 including key flags like Cyprus and Denmark and is now recognized by 45 flag states worldwide. It opened a new office in the Netherlands to add to its other European offices in the UK…

Image: Seaspan Corporation

Seaspan Buys Fleet of 6 Containerships

Hong Kong-headquartered Seaspan Corporation, a major player in independent containership management and ownership, has agreed to acquire a fleet of six containerships for $380 million in cash.The independent containership lessor said that the purchase of the acquired vessels is expected to be financed from additional borrowings as well as cash on hand.The closing of the acquisition is expected to occur in December 2019, and is subject to customary closing conditions. Upon closing…

Image: Babcock

Babcock Wins Multiple Orders

UK-based engineering services company Babcock said that its liquefied gas equipment (LGE) arm has netted 26 orders in the LNG and liquefied petroleum gas (LPG) carrier markets so far this year.Having won 16 contracts in the LPG carrier market, plus a further 10 ecoSMRT contracts for LNG carriers so far in 2019, the company continues to thrive in challenging market conditions.Now contracted to deliver LPG Fuel Gas Supply System (ecoFGSS) on six LPG carriers in a range of sizes, including the world’s first new-build system, Babcock’s LGE business dominates the sector whilst maintaining LPG and L

© druid007 / Adobe Stock

Mombasa Port to Upgrade Four Berths

Kenya's port of Mombasa will spend 20 billion shillings ($193 million) to modernize four berths to handle both container cargo and goods not packed in containers, the head of the state port operator said.The port, built in 1895, is the main trade gateway for the Eastern Africa region, serving Kenya and seven neighbors, including Uganda, Somalia, Rwanda and South Sudan.The investment is driven by growing demand for imported cargo in the region, where most economies are growing by at least 5% per year…

Photo: Chamber of Marine Commerce

U.S. Great Lakes Ports on Pace to Beat 2018 Volumes

U.S. Great Lakes ports are on pace to beat 2018 cargo volumes following a robust September handling road salt, cement, stone, petroleum and wind energy components.“U.S. Great Lakes ports are reporting cargo growth as they support the region’s construction activity and energy needs and help our cities prepare for the winter ahead,” said Bruce Burrows, President of the Chamber of Marine Commerce. “Iron ore exports from Minnesota to Japan and China via the St. Lawrence Seaway are also continuing.”Overall, St.

Photo: International Chamber of Shipping (ICS)

UAE Joins ICS

UAE maritime industry, yesterday (Tuesday 24th September) saw the UAE Shipping Association (UAESA) becoming a full member of the International Chamber of Shipping (ICS).The signing, which took place on Day 2 of Seatrade Shiptech at the Madinat Jumeirah, Dubai, UAE, will provide a framework for closer collaboration between the two associations. The event is a part of the UAE Maritime Week taking place under the patronage of His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum…

Image: Pelita Samudera Shipping

Pelita Samudera Buys Handysize Bulker

Indonesian shipping and logistics company Pelita Samudera Shipping (PSS) has bought one bulk carrier from Singapore-based Convivial Navigation Co. Pte.Purchase price of the handysize class MV is USD7.53 million. PSS is settling 20% of the amount in cash and the remaining 80% in PSS shares. VesselsValue places a market value on the ship of $7.62m.The Indonesian company said that the purchase has expanded it Motor Vessel (MV) fleet strength to six. The MV fleet capacity of 28k DWT has been projected with some potential customers…

The Sahibganj multi-modal terminal on the River Ganges is now open for business. Indian Prime Minister Shri Narendra Modi inaugurated the new terminal yesterday (September 12, 2019). Also pictured are the Governor of Jharkhand State,Smt. Draupadi Murmu; the Union Minister for Tribal Affairs, Shri Arjun Munda; the Chief Minister of Jharkhand State, Shri Raghubar Das; and the Ministers of State for Agriculture and Farmers Welfare, Shri Parshottam Rupala and Shri Kailash Choudhary, plus other digni

India Opens Second Multi-Modal Terminal

The Government of India opened its second multi-modal terminal (MMT) yesterday, September 12, 2019. Located on the River Ganges at Sahibganj in Jharkhand State, the new terminal is now ready for business following the completion of a two-year construction project managed by the Inland Waterways Authority of India (IWAI). India’s Prime Minister Narendra Modi laid the foundation stone for the $40.32 million project in April 2017.Phase one of the terminal was inaugurated by Prime Minister Modi via a two-way digital communication system during an event held in Ranchi…

Image: Napier Port

Napier Port Lists on NZX

New Zealand's Napier Port successfully completed its $234 million initial public offer (IPO) with a listing ceremony at the Port’s Breakwater Road site in Napier.After ringing the bell to welcome in trading of the Port’s shares on New Zealand Exchange (NZX) under the ticker ‘NPH’ on August 20, Chairman Alasdair MacLeod said the success of the IPO would allow investment in the infrastructure necessary for the Port to extend its 150-year record of supporting economic growth in the region.“Today is the culmination of a 5-year journey that has seen the Port…

the Baton Rouge-NOLA container on barge service / CREDIT: Port of New Orleans

SHORTSEA SHIPPING: All the Right Moves (Finally)

Marine Highways Gain Traction in the Intermodal Supply Chain.In the United States, landside infrastructure is at a crisis point. Congestion at the big hub ports, exacerbated by imperfect intermodal interfaces with surface transport serving cargo hinterlands is at the heart of the matter. As politicians bicker over a possible infrastructure package, the Highway Trust Fund, funded by taxes on gasoline and diesel fuel, has continued its downward journey towards further deficits (now $144 billion). And, where countless U.S.

Jae-hoon Bae, President & CEO of HMM. Photo: HMM

HMM to Enhance Global On-site Management

The new head of South Korean flag carrier Hyundai Merchant Marine (HMM) Jae-hoon Bae is on a charm-offensive trip to Europe to cement the shipping line's relations with global majors.HMM said Bae, who became HMM's president and chief executive last month, will meet this week with executives at A.P. Moller-Maersk A/S and Mediterranean Shipping Co.First of all, Bae plans to visit the European headquarter of HMM, located in London, to encourage its employees and make sales strategies based on the character of each region after gathering the various opinions from the site.Furthermore…

Photo courtesy of Port Manatee

Port Manatee Shatters H1 Cargo Records

Port Manatee has enjoyed the busiest first fiscal half in its nearly 50-year history, shattering several key cargo records for the six-month period ended March 31.The Central-Southwest Florida Gulf Coast port has achieved new first-half highs for total tonnage throughput and containerized and bulk cargo activity, according to figures released on Thursday, April 18, at the regular monthly meeting of the Manatee County Port Authority.Record accomplishments of Port Manatee in its first fiscal half…

Photo: Bahri

Bahri Expands Footprint in Asia-Pac

The National Shipping Company of Saudi Arabia (Bahri) has announced the expansion of its market presence in the Asia-Pacific (APAC) region’s maritime industry.The stronger presence will help the company gain deeper insights into market trends as well as customer needs in chemicals and logistics sectors in Singapore and the wider APAC region, said a press release from the logistics and transportation company.The expansion will also enable Bahri Logistics and Bahri Chemicals, two of five business units of the company…

Pic: International Chamber of Shipping (ICS)

Key Shipping Bodies Strengthen Ties

The International Chamber of Shipping (ICS), the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA) signed a joint memorandum of understanding in Singapore.The new MOU codifies the extensive level of co-operation that already exists between these important international trade associations and provides a framework for their closer co-operation, said a press release. The three associations collectively represent over 90 percent of the world merchant fleet.

File Image: AdobeStock / © Eremeychuk

India's Thermal Coal Imports Could Rise 10 pct in 2019

India's thermal coal imports could rise by about 10 percent in 2019 due to rail transport problems and other logistical bottlenecks, an executive at the country's largest coal trader Adani Enterprises said on Tuesday.Thermal coal imports rose in 2018 after two years of decline, despite moves by Prime Minister Narendra Modi’s government to cut the country's imports in a bid to reduce the trade deficit.Rajendra Singh, chief operating officer for coal trading at Adani Enterprises…

Photo: Ceva Logistics

CMA CGM Aims for Ceva Logistics Breakeven in 2019

CMA CGM is aiming for Ceva Logistics to break even this year, its finance chief said on Tuesday, as the French shipping group opened a share offer to cement its control of the Swiss freight specialist.CMA CGM's public tender will offer other shareholders 30 Swiss francs ($29.75) per share, valuing Ceva at 1.67 billion francs, a price agreed after Ceva rejected a takeover bid in October from Danish freight firm DSV.Marseille-based CMA CGM, one of the world's largest container shipping lines, became Ceva's core shareholder when the Swiss company floated on the Zurich stock market last year, as p

File Image (CREDIT: CMA CGM)

CMA CGM in Effort to Buy rest of CEVA Logistics Shares

CMA CGM launches 30 Sfr/shr tender offer for CEVA shares; CEVA recommends shareholders decline the offer.ZURICH, Jan 28 (Reuters) - French shipping company CMA CGM on Monday formally launched a cash offer to buy out other shareholders of Ceva Logistics, valuing the Swiss freight forwarder at $1.67 billion as the companies pursue closer ties aimed at fueling growth and savings.CMA CGM, which already controls 50.6 percent of CEVA, and the Swiss company last year began developing a business plan to boost commercial cooperation and complementary services.At the time…

Pic: Dept of Transport, UK

UK Launches Maritime 2050 Strategy

Britain’s marine industry launched of Maritime 2050, the UK Government’s first ever long-term strategy to support and grow the sector.Described as both visionary and aspirational, Maritime 2050 highlights the Government’s recognition of the importance of maritime – worth over GBP40bn to the UK economy, more than aerospace or car manufacturing – and focuses on the desire to cement the UK’s place as the world's leading maritime nation into the second half of the 21st century.Maritime 2050 is published at a time when the UK faces intense competition from maritime nations in the Far East…

Photo credit: Interlake Steamship

"Lakers" up 17.5% in December 2018

U.S.-flag Great Lakes freighters carried 8.5 million tons of cargo in December, an increase of 17.5 percent compared to a year ago. Driving the surge was a 16-percent increase in iron ore cargos. Limestone and coal cargos also registered increases, 31 and 19.5 percent, respectively.For the year, U.S.-flag lakers carried 83.7 million tons of cargo, a decrease of 2.3 percent compared to 2017. Iron ore cargos totaled 45.8 million tons, a decrease of 0.4 percent. That the iron ore total essentially pulled even with 2017 is noteworthy…

Seaway Activity Exceeds 40 Million Tonnes in 2018

The St. Lawrence Seaway Management Corporation (SLSMC) has announced that tonnage on the waterway during the 2018 navigation season totaled 40.9 million tonnes. The highest result since 2007, much of the credit for the increase in tonnage can be given to healthy movements of grain, the best on record since the turn of the century. Marketing efforts under the “Highway H2O” initiative served as a catalyst to spur increased movements of a broad range of cargoes including grain, road salt…

Piyush Goyal, Union Minister for Railways and Nitin Gadkari, Union Minister for Shipping. Photo: PIB, Govt of India.

Concor Begins Maiden Coastal Voyage

India has huge potential for enhancing modal share of coastal shipping and inland water navigation. The current share is only 7% unlike countries like China with 24%  and Germany 11%. India looks to tap this segment in a big way.The maiden coastal voyage of a vessel of Container Corporation of India (Concor) was flagged off by Nitin Gadkari, Union Minister for Shipping and  Piyush Goyal, Union Minister for Railways.CONCOR is a public sector unit (PSU) under Ministry of railways. The vessel SSL Mumbai is sailing from Kandla Port to Tuticorin via Mangalore and Cochin.

File Image (AdobeStock / © Taras)

Coast Guard Proposes Annual Great Lakes Pilotage Increase

“When somebody says it’s not about the money, it’s about the money.” – H.L. Mencken, American journalist and essayist, 1880-1956.This report is about Great Lakes pilotage rates. It’s all about the money. In fact, it’s hard to find someone who even suggests that it’s not about the money.For fifty or so Great Lakes pilots, it’s about cold hard cash: now. For others, say, vessel owners, it’s about wasted resources, about lost chances for a more efficient and sustainable system; “opportunity costs,” as economists like to say.

Pic: Ocean Network Express

PSA, ONE Launch Container Terminal in Singapore

The global transport company Ocean Network Express (ONE) and PSA Singapore (PSA),the flagship terminal of the global port group PSA International, will join hands to form a joint venture  company  based at Pasir  Panjang Terminal in Singapore.Subject to regulatory approvals, the joint venture terminal is scheduled to commence operations in the first half of 2019 and operate four mega container berths with a combined annual handling  capacity of 4 million TEUs, said a press release from the global container shipping company headquartered in Singapore.Pasir Panjang Terminal…

Photo: Chamber of Marine Commerce

St. Lawrence Seaway Traffic: A Busy October

St. Lawrence Seaway shipping had its second busiest month of the season in October, fueled by increases in shipments of grain, salt and construction materials.Overall cargo shipments via the St. Lawrence Seaway (from March 29 to October 31) totaled 30.5 million metric tons, up four per cent over the same period in 2017.The increase in construction materials, like cement and clinker shipments which are up 20 per cent, can partly be attributed to cement moving into terminals in Ste.

McInnis Cement plants a maple tree with officials and members of community organizations to celebrate the opening of the company’s new terminal. From left to right: Ramon Cabral, Deputy District Director; Nick Madio, Bronx Community Board 2; Maria Torres, President & COO, The Point; Laurent Beaudoin, Chairman, McInnis Cement; Jean Moreau, President and CEO, McInnis Cement; Rafael Salamanca, Councilman & Chair of the Land Use Committee; Ralph Acevedo, District Manager, Bronx Community Board 2; an

New Cement Terminal Opens in the Bronx

McInnis Cement’s new terminal in the Bronx, N.Y. is the first new industrial maritime project built on the South Bronx waterfront in more than half a century.The newly constructed 100,000-square-foot, 24/7 operational terminal has been built for storing and distributing cement in New York City and beyond. With large ocean vessels sailing from the company’s plant in Port-Daniel—Gascons, Canada to the Bronx, the warehouse on site can store up to 44,000 metric tons of cement, which is the equivalent of 1,500 truckloads.

The EMAC delegation with His Excellency Saqr Nasser Al Raisi, UAE Ambassador to Italy during the IBA Conference in Rome (Photo: EMAC)

EMAC Attends the IBA Annual Conference in Rome

As the Emirates Maritime Center (EMAC) is establishing roots within the maritime industry as a pivotal service provider for specialized arbitration and mediation within the Middle East region, the institute continues its obligation to ensure that legal professionals worldwide are aware of the Center’s services, vision and mission.As gold sponsors at this year’s IBA conference in Rome, EMAC’s objective is to showcase how the Center has applied lessons learnt from other like associations…