China 'in touch' with U.S. on Phase 1 Trade Deal
China and the United States are in touch over the signing of their Phase 1 trade deal, China's commerce ministry said, which will see lower U.S. tariffs on Chinese goods and higher Chinese purchases of U.S. farm, energy and manufactured goods.The Phase 1 deal was announced last week after more than two years of on-and-off trade talks, although neither side has released many specific details of the agreement.Both the Chinese and U.S. trade teams are in close communication, Gao Feng…
Marseille Fos Accelerates Air Emissions Cuts
Among a string of new eco-friendly initiatives, the Marseille Fos port authority is to spend $22 million over the next six years to extend shoreside electrical connections for berthed vessels to every ferry, cruiseship and repair quay within the Marseille eastern harbor.Already available on the Corsica ferry quays, the network will be expanded in two phases to cover North Africa ferry quays and the shiprepair hub by 2022 and the cruise terminal between 2022 and 2025. The zero…
‘Pink Lady’ in the Port of Hamburg
ONE container shipping group’s first containership in novel magenta livery calls in HamburgWith her striking magenta color design, she’s a real eye-catcher in the Port of Hamburg. With a length of 320 meters and slot capacity of 8,102 TEU (20-ft standard Containers) Ocean Network Express – ONE shipping group’s ONE Continuity may not be among the biggest containerships ever seen in the Port of Hamburg, but her unorthodox color scheme has everybody staring and cameras clicking.Jan Holst…
Repercussions of EU-Japan Pact for Hamburg Port
The European Union (EU) has signed its largest-ever free trade agreement. This aims to boost the economies of the EU and Japan. For instance, the deal will reduce Customs duties and other trade obstacles, stimulate growth and create new jobs.After checking the legal formulation of the text and translation, the agreement will be submitted to the European Parliament and EU member states for approval. Ideally, the pact, which has been in preparation since 2013, can come into force before the European elections in 2019. How could it make itself felt in the Port of Hamburg?
MOL Logistics Signs Pact with Al Madina Logistics in Oman
Mitsui O.S.K. Lines (MOL) announced that its group company, MOL Logistics (Japan) has signed an agency agreement with Al Madina Logistics Services Company SAOC, which has developed its logistics business in Oman, which is expected to grow as emerging market. MOL is strategically allocating resources to the logistics business under its management plan, "Rolling Plan 2018." MOL Logistics, a core of the MOL Group's logistics business, has 290 offices in 71 countries around the world…
Azerbaijan Caspian Shipping to Prevent Environmental Pollution
Environmental protection is one of the main criteria of sustainable development, says Azerbaijan Caspian Shipping Company (ACSC). ACSC keeps in the center of constant attention the minimization of environmental impacts of sludges, waste oil, fuel, other liquid and solid wastes obtained during the operation of vessels and the functioning of onshore facilities, on water basins, ground and air. Preventive measures within the framework of existing opportunities are taken against the damage of the environment in the course of operations.
Sanjeev Gupta to Buy US-based Steel Assets in 2018
British industrialist Sanjeev Gupta is in talks to purchase and build more U.S.-based steel and industrial assets next year, after buying ArcelorMittal's Georgetown Steelworks at the weekend. Gupta, executive chairman of GFG Alliance which is a $10 billion metals, industrials and energy group, has been snapping up distressed industrial assets in Britain, Australia and the United States in the past few years. Last week, GFG Alliance struck a deal with UK-based tidal power firm Atlantis Resources to form a listed company that marked Gupta's first step onto the stock market…
STX Bags Orders for Six Tankers
South Korea’s STX Offshore & Shipbuilding won contracts to build six tankers from Greece and local shippers, reports Korea JoongAng Daily. STX announced that Greek shipper OceanGold Tankers placed an order for four medium-range tankers of 50,000 DWT capacity. Two were order on an option contract, which gives the buyer a right to pay for the ship at a pre-determined price in case ship prices rise. The deal was worth $140 million in total. According to STX, the ships will be constructed in its Jinhae shipyard in Changwon, South Gyeongsan, and delivered by the first quarter of 2019.
Gulf Navigation, Mena Energy Sign Strategic Deal
GulfNav has marked another milestone by entering into strategic alliances with MENA ENERGY. The strategic alliances for mutual co-operation in ship acquisition, chartering and commercial management aims to set out a platform for the parties to have an enhanced commercial relationship and to further strengthen their existing business ties. The parties have agreed that Gulf Navigation would acquire vessels that would be time-chartered to MENA Energy for carrying Crude and the petroleum products.
Norbulk Shipping: 25 Years of Recruiting Seafarers
Norbulk Shipping is celebrating 25 years of training and recruiting seafarers from its management offices in Riga, Latvia. The crewing and training center run by Hanza Marine Management, a partner company to Norbulk Shipping, supplies 4,000 seafarers to 150 vessels and supplies a wide range of crewing recruitment and training services to its clients. This year, it is celebrating 25 years in business after the manning agency was set up in the early ’90s, shortly after Latvia regained independence.
Chemical Shipping Freight Rates to Remain Firm
Chemical tanker shipping freight rates are expected to remain firm over the medium term, thanks to rising production capacity in key exporting countries, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. Since 2015, the US has started to export more and import less volume of liquid chemical products. US methanol capacity surged 77% in 2015 with the addition of around 3.5 million tonnes per year of new capacity. As a result, US methanol exports are starting to change the pattern of the long-haul chemical shipping trade.
Crowley Christens Third LNG-ready Product Tanker
Crowley Maritime Corporation christened the third of four new LNG-ready Jones Act product tankers at a May 5 ceremony at the Julia Street Cruise Terminal in New Orleans. The 600-foot-long, 50,000-dead-weight-ton (dwt), 330,000-barrel-capacity MT Louisiana is capable of carrying crude oil or refined petroleum products, as well as other chemical products for U.S. Coastwise trade. The new vessel joins Crowley sister ships, Ohio and Texas, to be the first tankers ever to receive the American Bureau of Shipping’s LNG-Ready Level 1 approval…
Crowley to Christen 3rd LNG-ready Product Tanker
Crowley Maritime Corp. announced it will hold a christening ceremony Thursday, May 5 in New Orleans for the newly built Louisiana, the company’s third of four new Jones Act product tankers. The 600-foot-long, 50,000-dead-weight-ton (dwt), 330,000-barrel-capacity tanker will operate in the U.S. Gulf and is capable of carrying crude oil or refined petroleum products, as well as various other chemical products. Crowley has the option to convert the new tanker to liquefied natural gas (LNG) propulsion in the future…
S. Korean Shipyards Order Books Empty?
The global slump in the shipbuilding industry means that South Korea's ship yards have to look far and wide for new orders. Combined, the three major yards have only received one order in the first quarter of the year. Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI) have received zero new shipbuilding orders, according to sources quoted by local media Yonhap. Hyundai Heavy Industries (HHI) is the only one among the three to have landed a KRW150 billion ($130.6 million) order in March to build two petrochemical tankers.
LSC Shipmanagement Receives 3 New Ships
In the first half of this year, JSC “Latvijas kugnieciba” subsidiary “LSC Shipmanagement” Ltd (LSCSM) will add three newly built oil and chemical tankers under technical management. The first of the three ships was delivered on January 11 – the 183 meters long tanker “Elandra Spruce”. The next addition to the fleet is expected in April – the tanker “Elandra Palm”, and in May “Elandra Oak” will be added to the fleet. “We are delighted that the tanker “Elandra Spruce” has been handed over for LSCSM to manage – that attests to the professionalism and skills of our crews and ship management team.
Twelve Cranes Unload Mega Box Ship
The 398-meter-long containership CMA CGM Kerguelen made its first call at the Port Klang Port Terminal in Malaysia, arriving to a very unique arrangement, the CMA CGM Group announced. No less than 12 cranes were used simultaneously to match the vessel's exceptional length and capacity (17,722 TEU), setting a new record for CMA CGM. Delivered in March, U.K.-flagged CMA CGM Kerguelen is the first of six new vessels of its type to enter the CMA CGM fleet in 2015. The ship’s unique castle is located at the front of the vessel…
Keel Laid for Crowley Jones Act Tanker
The first of four Crowley Maritime Corp. product tankers was celebrated today in a keel laying ceremony held at Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA. The 330,000-barrel, Jones Act tankers are being built through a joint venture between Crowley and Aker. Keeping with the long-held shipbuilding tradition, several coins were placed by representatives from Crowley, APSI and others on one of the keel blocks before the unit was lowered into place in the dry dock. The coins are a ceremonial sign of good fortune and safe travels.
American Maritime Safety Award Recipients Announced
American Maritime Safety, Inc., (AMS), announced today that Bouchard Transportation Company, Inc., Circle Line Sightseeing Cruises, General Dynamics/American Overseas Marine Corporation, Patriot Contract Services and U.S. Shipping Corporation would be the recipients of the 2014 AMS Maritime Safety Awards. AMS is a nonprofit maritime trade association, which facilitates the maritime industry's compliance with international shipping protocols and U.S. Coast Guard regulations. The AMS consortium is comprised of more than 400 vessel owners and operators.
Hamburg, St. Petersburg Port Businesses Go for Dialogue
Hamburg and St. Petersburg have been partner cities since 1957, cultivating close economic, cultural, social and scientific contacts. Similarly, the ports of the two cities have maintained excellent economic links for decades. So even in a politically tense situation, Hamburg and St. Petersburg are going for dialogue and cooperation. On August 19, more than 220 representatives of the port and transport industry in Hamburg and Russia therefore gathered for the traditional Port of Hamburg reception in St. Petersburg hosted by Port of Hamburg Marketing (HHM).
Port of Hamburg Continues Cargo Records, Adds Jobs
The Port of Hamburg continues record performance handling a total of 72.6 million tons (+ 6.6 percent) in the first six months of 2014. Hamburg’s universal port with 50.7 million tons of predominantly container handling achieves a result of 4.8 million TEU (20-ft standard containers), an increase of 6.8 percent. The largest seaports on the north European continent show an average growth in total handling of 1.8 percent and in container handling of 2.6 percent. The Port of Hamburg can look back on above average growth in container traffic, building up its market share from 25.7 to 26.7 percent.
Arsenal Considers Selling Logistics Business
Private equity firm Arsenal Capital Partners is considering a sale of its business that helps U.S. oil and chemical companies reclaim import taxes, a partner at the firm said. Timothy Zappala told Reuters that other options for the company, Charter Brokerage, included buying businesses in the same sector that would make a good fit with Charter. He declined to put a price tag on Charter but a source familiar with the matter said it could be valued at up to $500 million. Charter, which has annual net revenue of about $65 million to $70 million, is the largest U.S.
GAC Sharpens Focus on Brazil's Billion Dollar Chemical Industry
GAC Brazil has added specialist support for chemical tankers to its package of integrated services. This marks the latest milestone in the rapid growth of GAC's operations in Brazil. In the past year, it opened a third office in Santos, adding to existing bases at Rio de Janeiro and Sao Paulo, offering companies conducting business in Brazil a range of optimal services - including shipping and logistics support, customs clearance, warehouse intelligence and bunker fuel supply - under a single umbrella.
Bulk Transport Leadership: Clark Todd
Drought and ensuing low river levels continue to affect the inland industry. Low water between St. Louis and Cairo, Illinois has threatened traffic on the Mississippi River since December. For months, dredging operations have slowed vessels at points along the river's course. Since December, a stretch at Thebes, Illinois, has been shut for much of each day as the U.S. Army Corps of Engineers removes rock pinnacles. A panel of five executives weighed in on a host of topics regarding inland transportation as part of a round table discussion published in the February print edition of Marine News.
Crowley’s ATB Crew Rescues Man from Tampa Bay
The crew aboard Crowley Maritime Corporation’s articulated tug-barge (ATB) Achievement/650-8 recently performed a heroic rescue of an injured man who was struggling to stay afloat near the base of the Sunshine Skyway Bridge in Tampa Bay, Fla. The on-watch crew noticed a man bobbing in the water on the port side of the vessel around the same time that emergency radio calls from the St. Petersburg Coast Guard were issued. Crowley’s Allen Williams, AB, responded by immediately throwing the stranded man a life ring and Captain Gus Cramer sounded the man overboard alarm.
USACE Revises Forecast for Mississippi Water Levels
Effective Shutdown of Nation’s Busiest Water Transportation Artery Expected Earlier Than Predicted: January 3-4. Late Christmas Eve, the U.S. Army Corps of Engineers advised industry of the most current 28-day weather and water forecast for the Mississippi River area near Thebes, Illinois, south of St. Louis, where rock pinnacle removal work is taking place. The forecast suggests that commerce on the Mississippi River could come to an effective halt earlier than expected in the New Year, around January 3 or 4.
Crowley Christens Articulated Tug-Barge
Crowley Maritime Corporation christen the 16,000-horsepower tugboat 'Legend' and 330,000-barrel tank barge 750-2 in Tampa, Florida. Together the vessels comprise the company’s newest articulated-tug-barge (ATB) and will be used to transport petroleum products between the U.S. Gulf and East Coasts, making regular port calls in Tampa where Crowley currently discharges nearly 163 million gallons of product each month. The Legend/750-2 is the second of three petroleum tank vessels in its class in terms of size…