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Sunday, February 17, 2019

East Coast News

Maersk, PBF Logistics in Low Sulfur Fuel Deal

Maersk and PBF Logistics LP announce agreement for production and storage of 0.5% sulphur fuel on the U.S. East CoastPBF Logistics terminal facility in New Jersey to deliver approx. 10% of A.P. Moller – Maersk’s annual fuel demand as Maersk continues preparations for the International Maritime Organization’s (IMO) 2020 global sulfur regulation.A.P. Moller - Maersk and PBF Logistics LP announced an agreement for Maersk to source and PBFX to process crude oil at CPI Operations LLC…

Logo: IRClass

IRClass Opens Two New Offices

The Indian Register of Shipping (IRClass) has opened two new offices in India – one located in Paradip, a major maritime port town on the east coast of India, and another in Guwahati, the largest city in northeast Indian state of Assam.Strengthening IRClass’ service network, these new offices join an existing network of 24 offices in India.The opening of an office in Assam’s Guwahati follows the recent announcement on a joint initiative with the Assam Government in further developing…

Image: Ports of Indiana

Burns Harbor Extends Key Partnership

The Port of Indiana Burns-Harbor has extended its partnership with its longtime stevedore and marine terminal operating company, Federal Marine Terminals.A press note from the Ports of Indiana, a statewide port authority operating three ports on the Ohio River and Lake Michigan, said that the deal will run through at least 2023."FMT has been a vital collaborator with the Port of Indiana-Burns Harbor since 1999," said Port Director Ian Hirt, "and this consolidated operating agreement…

Photo: Port of Boston

Conley Box Terminal Breaks TEU Record Again

The Port of Boston’s Paul W. Conley Container Terminal set a new all-time record in 2018 for volume for the fourth year in a row. The Port of Boston is the main artery of Massachusetts’ consumer economy, with imports and exports serving as vital catalysts for growth, investment and opportunity. More than 1,600 businesses across New England use the Port of Boston for importing and exporting goods.Conley Terminal handled 298,036 TEUs during 2018, serving as an efficient alternative to other U.S. East Coast ports for New England cargo.

The M/V Zhen Hua 25 departs the Port of Shanghai on January 8, 2019 with two super post-Panamax container cranes bound for PhilaPort’s Packer Avenue Marine Terminal in South Philadelphia. Image: PhilaPort

PhilaPort Awaits for Container Cranes

The M/V Zhen Hua 25 departed Shanghai, China last month with two new super post-Panamax container cranes bound for South Philadelphia.The two behemoths will navigate a lengthy global trek before reaching the Delaware River for an expected mid-March arrival to the Packer Avenue Marine Terminal, said a press note from the Port of Philadelphia."The arrival will mark another important milestone in the comprehensive modernization project underway at Packer, and highlights a key competitive advantage for shippers looking to improve time to market on the East Coast of the United States…

Georgia Ports Authority / Stephen B. Morton

GPA: Six 14,000-TEU Vessels Simultaneously

Georgia Ports Authority Executive Director Griff Lynch unveiled GPA's Big Berth/Big Ship program that will allow the Port of Savannah to simultaneously handle six 14,000 TEU vessels by 2024."No other single container terminal in North America has the ability to expand berth capacity at this rate," said Lynch. Currently, Savannah's Garden City Terminal is equipped to handle two of these vessels and by April of this year that number will increase to three.During his presentation…

Harold Orlinsky (Photo: Chesapeake Technology)

Chesapeake Technology Opens East Coast Office

Chesapeake Technology Inc. hired GM Harold Orlinsky and opened an office on the East Coast. The office is located at 396 South Main Street, Cheshire CT 06410. This new base of operations will make it easier to visit key suppliers and customers and to provide sales coverage in more time zones.Orlinsky will be attending trade shows including US Hydro and Ocean Business 2019, and visiting resellers worldwide.Chesapeake Technology, Inc. is a privately held company based in Mountain View CA. SonarWiz software is used by hundreds of clients worldwide.

Graphic: Freightos

Weekly Freightos Baltic Index Update

Highlights of the Freightos Weekly Baltic Index Report ...Just as the January 1 GRIs were losing traction, the mid-month round lifted transpacific prices back up again. The net impact was a 4% week on week rise for both lanes. China-West Coast went up from $2,031 to $2,110, and China-East Cost went up from $3,171 to $3,292.Having lost ground following January 1’s GRIs, the mid-month GRI picked up transpacific prices again. The net effect of dipping, then rising prices last week…

Photo: Oldendorff

Self-Unloaders in CSL Pool Sold to Algoma

Oldendorff has sold the three remaining self-unloaders still operating in the CSL Pool: Sophie Oldendorff (70,037 tdw built 2000), Harmen Oldendorff (66,188 tdw built 2005) & Alice Oldendorff (50,259 tdw built 2000) for US$100.5 million to Algoma Central Corporation who is the third partner in the CSL Pool. The vessels are expected to deliver to Algoma around the middle of 2019. All three vessels have been trading in the CSL Pool on the East Coast of North and South America since…

Pic: Namibian Ports Authority

TransNamib, Botswana Railways MoU on Gobabis Container Terminal

TransNamib Holdings Ltd, and Botswana Railways (BR) recently signed a Memorandum of Understanding (MoU) in Gaborone, Botswana, which will culminate in the development and operation of a container terminal in Gobabis.The MoU, signed by TransNamib CEO, Johny Smith, and his Motswana counterpart, Leonard Musa Makwinja, signals the beginning of a fruitful and beneficial relationship to develop and enhance trade between the two countries. The MoU was .“The future of railways offers many opportunities”, said.

Pic: CMA CGM

Ocean Alliance Unveils Day 3 Product

The world’s largest operational agreement between shipping companies Ocean Alliance -CMA CGM, COSCO SHIPPING, Evergreen and OOCL - has announced the launch of their Ocean Alliance Day 3 Product starting April 2019."Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, signs with his partners the launch of Ocean Alliance Day 3 Product, which will start in April 2019," said a press release from the shipping group.On the occasion of this announcement, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group…

Pic: ZIM Integrated Shipping Services

ZIM Launches Blockchain-based Bills of Lading

Israel’s largest cargo shipping company ZIM Integrated Shipping Services has opened its blockchain platform for electronic bills of lading (eB/Ls) to all clients in selected trades.Over the last year, following ZIM’s November 2017 announcement regarding the first-ever pilot of paperless Bills-of-Lading based on blockchain technology, ZIM and selected leading customers have been testing the new Platform as a solution for trade activities on multiple shipping lanes.Following the successful pilot, accomplished with the cooperation of Wave Ltd.

File Image: CREDIT Zim

ZIM's Blockchain-based B/L Initiative

Over the last year, following ZIM’s November 2017 announcement regarding the first-ever pilot of paperless Bills-of-Lading based on blockchain technology, ZIM and selected leading customers have been testing the new Platform as a solution for trade activities on multiple shipping lanes.Following the successful pilot, accomplished with the cooperation of Wave Ltd. and Sparx Logistics, ZIM continued to evaluate the platform in different trade lanes with more customers. The exploratory…

Peter Sand, BIMCO’s Chief Shipping Analyst

BIMCO: US Box Imports Break Records Despite Uncertainty Ahead

Container imports on both the US East Coast (USEC) and West Coast (USWC) had a strong year in 2018, growing 3.7% and 8% respectively in the first 11 months of the year compared to the same period in 2017.Record high levels of inbound laden containers were experienced on both coasts in October with the USWC at 1.09 million TEU and the USEC at 0.91 million TEU according to BIMCO’s own data.The first two months of 2018 saw the USWC coast’s laden imports increase 11.7% from the start of 2017, with the accumulated growth rate then stabilising to around 4% for the rest of the year.

Image: Associated British Ports

ABP, Thor Shipping Sign New Port of Hull Contract

Associated British Ports (ABP) announced a major new agreement which sees Dutch shortsea specialist Thor Shipping & Transport commit 10 years to The Port of Hull.In addition, ABP has invested GBP6 million into Thor’s 10-acre leased terminal, allowing substantial infrastructure improvement works and an additional 2.5 acres of container storage space. As part of this key investment, in March 2019, a hybrid £3.5 million Liebherr harbour crane will arrive, to bolster eco-friendly…

File Image: CREDIT Zim

ZIM, 2M Alliance Expand In Asia

ZIM and the members of the 2M Alliance, Maersk and MSC, has announced a second strategic cooperation agreement following the agreement announced in July 2018 in the Asia-US East Coast Trade.The new strategic operational agreement, which will be a combination of Vessel Sharing, Slot exchange and purchase, covers two additional trades: Asia - East Mediterranean and Asia - American Pacific Northwest. In each trade, two strings will be operated in cooperation, as follows:Asia - East…

Catherine (Kate) Hale, EBDG

EBDG Opens East Coast Office

Expansion Strengthens Client Access and Relationship Management.Elliott Bay Design Group proudly announces the opening of its new East Coast office in New York. The office will provide professional engineering and naval architecture services as well as waterfront development expertise to clients on the East Coast and is a springboard for future growth in the region. "This is an exciting time for EBDG and marks a major milestone in our 30-year history," states Christina Villiott, VP of Sales & Marketing.

Image: South Carolina Ports Authority (SCPA)

South Carolina Ports Authority Marks 6.4% Container Volume Growth

The South Carolina Ports Authority (SCPA), which operates the Port of Charleston and other facilities, today reported 6.4 percent year-over-year container volume growth, with a record 2.3 million twenty-foot equivalent container units (TEUs) handled in 2018.Last year marked the third consecutive calendar year of record TEU volume for SCPA. The Port moved 199,701 TEUs in December alone, a 9.2 percent increase over December 2017 and the strongest December in SCPA history.As measured by the total number of boxes handled…

File photo of the Yantian Express (Photo: Hapag Lloyd)

Crew Evacuates from Burning Box Ship off Canada

The German shipping line Hapag Lloyd said on Sunday it had evacuated the crew from its container ship, the Yantian Express, off Canada's east coast after a fire spread."Due to bad weather conditions, the fire has not been successfully contained yet and has significantly increased in intensity at times," the firm said in a statement on Sunday."For this reason, a decision was made to evacuate the crew. The complete crew is unharmed."Hapag Lloyd had said on Friday that it was trying to extinguish the fire.(Reporting by Edward Taylor; Editing by Kevin Liffey)

File photo of the Yantian Express (Photo: Hapag Lloyd)

Containership Ablaze Off Canada's East Coast

German shipping line Hapag Lloyd said on Friday that it was trying to extinguish a fire on its Yantian Express container vessel off Canada's east coast but was being hampered by bad weather.A spokesman for Hapag Lloyd said the fire broke out on Thursday in a container on deck and spread to some other containers on the vessel, but the cause was not yet known.The 7,519 twenty foot equivalent ship was on its way from Colombo, Sri Lanka to Halifax in Nova Scotia via the Suez Canal…

Pic: Port of Newcastle

Newcastle Bulk Terminal Reaches Key Milestone

Australia’s new east coast supply chain alternative Port of Newcastle has marked an important milestone in the development of the Newcastle Bulk Terminal.A press release from the company said that the dismantling of the old ship unloaders is now complete, with bulk cargo hoppers now in place to provide continuity of trade while the new ship unloader and conveyor system is constructed.The old ship unloaders at the Kooragang 2 berth have been a feature of the Walsh Point precinct since 1968.

Crowley's LNG fueled con/ro ship El Coqui, arriving at Puerto Rico for the first time. (Photo courtesy Crowley)

For JAXPORT, LNG Spells Success

‘A thousand firsts’ and a constantly growing list of players underscores the rapid development of LNG as a fuel – especially along the East Coast of the United States.Click on the headlines for the phrase “LNG Bunkering” and you immediately learn that it is an industry of a thousand firsts and a constantly growing list of players.“Russia's Novatek ships first LNG cargo to China via Arctic; Yamal LNG ships first LNG cargo to Spain; Qatar ships first LNG to Japan, signs accord; Japan orders its first LNG bunker vessel…

Peter Sand, BIMCO

BIMCO: Global Shipping Scouts for Future Growth

Reflections 2019 – Market Analysis Section By Peter Sand, Chief Shipping Analyst.This article contains extracts from BIMCO’s Reflections 2019, which will be available in full on 2 January 2019 on www.bimco.org and will be sent out to all BIMCO members alongside their free member copy of BIMCO’s Holiday Calendar 2019.Where do we go to find economic growth that spurs shipping demand in the next five years? According to the International Monetary Fund (IMF), we should look towards emerging and developing countries.

Pic: Panama Canal Authority

Moody's Rated Panama Canal with Stable Outlook

Moody's Investors Service reaffirmed the Panama Canal Authority's (ACP) A2 long-term rating with a stable outlook, based on its distinctive position as an infrastructure asset with a unique geographic advantage and business model, and its strong historical operational and financial performance.According to Moody's, the ACP's strong financial performance has resulted in better than anticipated financial metrics, driven by the successful operations of the Expanded Panama Canal.

File Image: CREDIT Samskip

Samskip’s UK Investments Transcend Brexit Disruption

Two years of pre-Brexit investment in North Sea container shipping services is proving decisive in winning shippers away from cross-Channel ferry routes at a critical time for UK-EU relations, according to leading multimodal operator Samskip.With many questions remaining over the exact nature of the future EU-UK trading relationship, Samskip says that regular, reliable and cost competitive container services are a key element in planning for the future.“The months ahead will see…

A typical FSRU (CREDIT Excelerate

LNG Import Terminal Proposed for Australian port

A South Korea-based company has proposed building a terminal on Australia's east coast to import liquefied natural gas, the fifth proposal for such a project in the world's No.2 LNG exporter.The proposals have come after three new LNG export plants on the east coast have sucked gas out of the southeastern market and nearly tripled wholesale gas prices in places such as Sydney over the past two years.EPIK, a newly-formed LNG floating storage and regasification unit (FSRU) project development company…