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Tuesday, July 7, 2020

Colombia News

© EGT / Adobe Stock

Cuba Cancels Economic Fair as Imports Plummet

Cash-strapped Cuba has canceled its annual international trade and investment fair slated for November due to the pandemic, state-run media reported on Friday, even as fallout from the novel coronavirus hammers revenues and imports.Container traffic at the port of Mariel, responsible for 90% of containers entering the country, was down between 20% and 25% through May, compared with the same period last year, according to a shipping source with access to the data.Cuba does not reveal key economic information in a timely manner…

© Buenaventura / Adobe Stock

Colombia Seizes $265 Mln Worth of Cocaine at Port of Buenaventura

Colombian police on Tuesday seized cocaine with an estimated value of $265 million in shipping containers at the Pacific port of Buenaventura, a city on the Andean country's Pacific coast, a senior official reported.Some 4.9 tonnes of the drug were seized in two containers at Colombia's most important Pacific port, anti-narcotics police director General Jorge Luis Ramirez said.While there were no arrests, the operation represents the largest cocaine seizure in Colombia this year.Authorities did not disclose the owner of the seized cocaine.Colombia is a leading producer of cocaine…

(Photo: Lindsay‐Blee)

Lindsay‐Blee, Master Fuel Partner in Colombia

Marine fuel company Lindsay‐Blee said Wednesday it has entered into an exclusive marketing and distribution agreement with Master Fuel SAS of Cartagena, Colombia.Effective immediately, under the agreement Lindsay‐Blee will manage the sales and marketing of marine fuel products produced by Master Fuel for the Colombian market, including VLSFO (0.50% sulphur max,) HSFO 380 cst, and MGO LS (Max sulphur 0.10%.) All products will conform to ISO standards and are composed from lower‐sulphur straight‐run fuels.

© S J Lievano / Adobe Stock

Coffee Importers Stockpiling on Fears over Coronavirus Lockdowns

Coffee importers in some of the largest consuming countries are stockpiling, bringing forward orders by up to a month to avoid shortages if supply chains are disrupted by coronavirus lockdowns.The global pandemic has prompted governments around the world to impose severe restrictions on movement in a bid to stem the spread of the virus. Supply chains are backing up as air freight capacity plunges and companies struggle to find enough truck drivers and shipping crews.In contrast to sharp price declines in many commodities…

Image: AB Klaipedos Nafta

KN to Operate LNG Terminal in Brazil

Lithuanian company AB Klaipedos Nafta (KN) has been appointed as the operator of a liquefied natural gas (LNG) terminal in the Brazilian Port of Açu.To execute the contract, KN has established a company in Brazil and plans to form a team of up to 30 local specialists in 2020.KN, KN Açu Serviços de Terminal de GNL Ltda. (Brazilian SPV) and Gas Natural Açu (GNA), which is a joint venture among Prumo Logistica, BP and Siemens, signed an operation and maintenance services agreement for the provision of the relevant services.Following the signing of the agreement…

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…

Image: Hapag-Lloyd

Hapag-Lloyd Opens Center in Mauritius

German international shipping and container transportation company Hapag-Lloyd AG has opened a new Quality Service Center (QSC) in Mauritius. The QSC will explicitly serve Africa, one of Hapag-Lloyd's fastest growing markets.Quality Service Centers are an important cornerstone of Hapag-Lloyd´s Strategy 2023. They gather selected functions from different Areas under one roof, enabling synergies and delivering on the Quality Promises towards the customers.Hapag-Lloyd has already established several QSCs around the world - in Atlanta (USA)…

Pic: International Maritime Organization (IMO)

Training for L. American Maritime Leaders

A regional workshop organized by International Maritime Organization (IMO) has provided senior maritime administration officials in Latin America with the latest information on current and future developments at the Organization.The workshop for the regional maritime authorities networks, ROCRAM and ROCRAM-CA was held at IMO Headquarters in London (26 November) in the margin of the 31st IMO Assembly.The 28 participants received detailed information about the activities within…

Pic: Oldendorff Carriers

Lydia Oldendorff Sets Record

The largest German bulk carrier company Oldendorff Carriers GmbH, which operates around 700 ships, said that its Lydia Oldendorff (207,562 tdw built 2015) has set a record as the largest vessel to load coal at Puerto Bolivar, Colombia.The Newcastlemax vessel has a length of 300 meters and a breadth of 50 meters and was loaded on a trial cargo draft of 17.5 meters. The cargo loaded is destined for Flushing, in the port of Antwerp in Belgium, where it will again be the largest vessel to enter the port.Oldendorff Carriers currently operates a fleet of about 65 modern eco-Newcastlemax (203-211…

Image: Port of Antwerp

Antwerp Port Freight Volume Up

The total freight volume handled by Port of Antwerp rose from January through September 2019 by 1.1% compared with the same period last year. The container volume (in TEU) was up by as much as 6.4%.However the slowdown in the world economy reduced the growth rate of more volatile trade flows such as conventional break-bulk, liquid bulk and vehicles. On the other hand the volume of dry bulk such as scrap metal, minerals and coal soared by 9.5%, further propelling the overall freight…

Arjen Van Dijk  (Photo: Svitzer)

Svitzer Names Van Dijk CCO Americas

Svitzer has appointed Arjen Van Dijk as Chief Commercial Officer (CCO) for the Americas region.With more than 15 years in global shipping and transportation, the 43 year old Dutch maritime professional brings to Svitzer extensive knowledge and insights. He speaks Spanish and has lived and worked in both Argentina and Colombia and has worked in various other Latin American countries. Arjen Van Dijk is joining the Management Team in Svitzer’s regional head office in Miami.

Pic: IMO

Latin America Empowers Maritime Women

International Maritime Organization (IMO), with support from Malaysia, has given fresh impetus to an important regional network helping to promote women in the maritime community in Latin America.At a meeting in Colombia, (18-20 September 2019), the network of Women of the Maritime Authorities of Latin America (MAMLa) was put on a firm foundation. Maritime Authorities include Argentina, Brazil, Bolivia, Costa Rica, Chile, Colombia, Cuba, Dominican Republic, Ecuador, El Salvador…

Image: IMO

World Maritime Day Parallel Event Colombia

"Shipping must draw talent from every corner of the globe and every sector of the population to ensure its own sustainability."This was a key message from IMO Secretary-General Kitack Lim, in his opening remarks to  the 2019 IMO World Maritime Day Parallel Event (15-18 September), held in Cartagena, Colombia."Improving the participation of women in society leads to better social and economic outcomes. This is also true in the maritime community. So, it is critical that women are provided with equal access to opportunities at all levels and within all sectors of the maritime industry.

Map to show the location of SPEC LNG. Avenir LNG

Colombia's SPEC LNG Expands

Colombia´s LNG Import Terminal Sociedad Portuaria El Cayao (SPEC LNG) has signed a joint development agreement with Calamari LNG, Avenir LNG and Höegh LNG on providing additional LNG services at the Cartagena import facility.The additional services planned to be provided directly from the FSRU Höegh Grace include, among others, cool down of conventional LNG carriers and reloading of small LNG cargoes for onward distribution throughout Latin America and the Caribbean.Jose Castro…

Hijo International Port Services, Inc., Philippines. Photo: ICTSI

ICTSI Posts Strong H1

Philippines-based international container terminal operator ICTSI has reported a massive increase in profit and a substantial increase in revenues for the first half of 2019.First half throughput rose 7% to 5.04 million teu and came on good revenues, leading to a 42% jump in net profit to $128.5 million, said a press release from the global port management company.ICTSI attributed its profit growth during the six-month period to  volume growth, tariff adjustments for certain services at multiple terminals…

Luis García (Photo: SENER)

García Joins the SENER

SENER has hired Luis García Jiménez as its Director of Corporate Development. This post is essential to the growth and development of the SENER Group, and reports directly to the CEO, Jorge Unda.From his new position, Luis García will be in charge of analyzing, organizing and coordinating medium- and long-term opportunities involving mergers, acquisitions and investments. He will also participate, together with the CEO and the directors of SENER's different divisions, in defining…

Photo: © HHM / Dietmar Hasenpusch

Hamburg Süd, Maersk Strengthen Portfolio

Hamburg Süd has strengthened its product portfolio on the Europe with new stand-alone service offered in collaboration with Maersk.The trade between Europe and Central America, Caribbean and South America West Coast has always been a key element in Hamburg Süd’s global network of liner services. In cooperation with Maersk, Hamburg Süd will be expanding and enhancing the services it offers on this core trade beginning in June 2019.According to a press release, the serice will have maximum flexibility for tailor-made solutions…

Photo: U.S. Customs and Border Protection

17.5 Tons of Cocaine found on Containership

A U.S. Customs and Border Protection (CBP) and Immigration and Customs Enforcement Homeland Security Investigations (HSI)-led multi-agency examination of shipping containers at the Philadelphia seaport netted a historic load of cocaine, the largest cocaine seizure in the 230-year history of U.S. Customs and CBP, with an estimated weight of over 17.5 tons and a street value of about $1.1 billion.During a midstream joint boarding Sunday night, CBP, HSI, and U.S. Coast Guard authorities detected anomalies while examining seven shipping containers aboard the MSC Gayane…

Pic: Hamburg Süd

Hamburg Süd Expands Service

The trade between Europe and Central America, Caribbean and South America West Coast has always been a key element in the container liner shipping line Hamburg Süd’s global network of liner services.In cooperation with Maersk, Hamburg Süd will be expanding and enhancing the services it offers on this core trade beginning in June 2019.“Combining the strengths of Hamburg Süd and Maersk, we can offer our customers a best in class stand-alone service configuration without having to depend on vessel sharing agreements with other shipping companies…

(Georgia Ports Authority/Stephen B. Morton)

New Savannah-Central America Route

The Port of Savannah welcomed its first Seaboard Marine vessel Wednesday. The new shipping line customer supports Savannah's cold chain logistics system with one new service to Central America, and a second to Latin America and the Caribbean.The ocean carrier's first service to Savannah links the Southeastern U.S. to northern Central America, with Georgia exports centered on frozen poultry and imports composed largely of perishables and apparel produced in Guatemala, El Salvador…

Image: Clipper Bulk

Clipper Bulk Axes 40 Staff

International dry bulk shipping company Clipper Group  has launched a comprehensive restructuring involving a large number of layoffs, especially at the company's Copenhagen headquarters.The dry bulk carrier announced a series of initiatives to strengthen its business platform amid continued weak markets.Initiatives include agreements to strengthen the company’s financial position, downsizing of organization and office network, other cost savings, changes to Senior Management as well as a more focused market approach…

File Image: AdobeStock / © Leonid Eremeychuk

Poor April for Seaborne Coal masks Better Market

Coal exporters suffered a poor April with seaborne volumes dropping from the previous month amid slack demand, but the overall picture for the industry so far this year isn't quite as gloomy as it may appear.April is not traditionally a strong month for coal demand as it falls between the winter and summer power demand peaks - declining seaborne volumes are to be expected.It's also worth noting that the world's top coal exporters have managed to boost shipments on a year-on-year basis…

Photo: copyrighted “Hamburg Süd”

Hamburg Süd History is Museum Bound

Hamburg Süd and the International Maritime Museum Hamburg (IMMH) have signed an agreement to catalog and display the historical collection of the shipping company, which was founded in 1871. Using images, ship models, documents and other artefacts from Hamburg Süd’s archive, the project aims to make the history of Hamburg Süd accessible to the general public in the form of a permanent exhibition. There are also plans to organize a special exhibition for 2021 to mark the company’s 150th anniversary.

 Pic: ECLAC - United Nations

Latin American Ports Cargo Throughput Rose 7.7%

Container throughput in ports of Latin America and the Caribbean increased by 7.7% in 2018 in comparison with the previous year.According to the Economic Commission for Latin America and the Caribbean (ECLAC), this analysis is based on the performance of a sampling of 31 countries and 118 ports and port areas in the region.According to the annual report unveiled by the United Nations organization – which was called  “port ranking” in prior years – the data largely maintained the heterogeneity seen in throughput behavior in previous periods, both in reference to ports and countries.

Basra Gateway Terminal. Photo: ICTSI

ICTSI Net Income Up 22% in 2018

Manila-head quartered port and terminal operator International Container Terminal Services (ICTSI) has released solid results for 2018. ICTSI’s box volumes were higher, revenues increased and the group generated higher profit.The port operator said in a stock exchange annoucement that its consolidated volume higher by six percent to 9,736,621 twenty-foot equivalent units (TEUs) (FY2017: 9,153,458 TEUs) and revenue from port operations increased 11 percent to US$1.4 billion (FY2017…

File image: credit OPDR

Blackstone Invests in Terminal Operator Carrix

U.S. investment firm Blackstone Group LP said on Sunday that funds affiliated with Blackstone Infrastructure Partners invested in Carrix Inc, the largest marine terminal operator in the United States and the Americas.The company did not disclose the terms of the transaction.Carrix is the parent of SSA Marine and its related affiliates with operations at over 250 port and rail locations worldwide, including 16 container terminals in Long Beach and Oakland in California, Seattle and Tacoma in Washington…