BoatUS’s Kennedy Elected Chairman of AIWA
BoatUS Manager of Government Affairs David Kennedy was elected chairman of the Atlantic Intracoastal Waterway Association (AIWA). Kennedy, who will serve a one-year term, previously served as the organization’s vice-chair and board secretary.“Thousands of boaters rely on the Atlantic Intracoastal Waterway every year,” said Kennedy. “It plays an important role in the nation’s marine transportation system. Whether traveling its length as part of semiannual ‘snowbird’ migrations or simply enjoying local waters, boaters count on AIWW every day.
Boskalis Completes Horizon Acquisition
Dutch dredging and heavylift company Royal Boskalis Westminster has acquired the remaining 37.5% in the United Arab Emirates’s Horizon Group, a company specializing in the provision of marine geophysical surveys and geotechnical services.Earlier this year, Boskalis already acquired 62.5% of the shares. The 2019 revenue is expected to exceed USD 100 million and the activities will be consolidated as of 2020.Following this transaction, Boskalis will be able to optimize its successful…
ZIM Back into Black
Israeli international cargo shipping company ZIM Integrated Shipping Services continued to record improvements and to expand its global network to its customers confronting challenging business environment.ZIM has reported a net profit of USD 5 million for the third quarter of 2019, after returning to black in the second quarter of the year. (Compared: Net loss of $6.6 million in Q3 2018).Eli Glickman, ZIM President & CEO, said: “In spite of the challenging market conditions, ZIM continued to record improved results in Q3, as it did throughout 2019.
Product Tanker Freight Rates Rebounds
Product tanker freight rates softened in the third quarter of 2019 but rebounded strongly at the start of the fourth quarter following an increase in crude tanker rates that began after the attacks on Saudi Arabian oil facilities and accelerated dramatically to multi-year high levels at the end of September when the US imposed sanctions on two subsidiaries of China's COSCO Shipping.Denmark-based TORM said that growth in global demand for oil products generally remained subdued…
Retail Imports to See Final Tariff-Driven Surge
Imports at the nation’s major retail container ports are expected to see their final surge of the year this month ahead of new tariffs set to take effect in December, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Retailers are highly competitive, but the ability to compete has been challenging this year because of the uncertainty of the trade war and continued tariff escalation,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.
ORE Catapult Mulls Humber Expansion
UK's technology innovation and research center Offshore Renewable Energy (ORE) Catapult has announced ambitious expansion plans in the Humber, including a commitment to open a base of operations in Grimsby and create 50 to 70 jobs in the region in the next 10 years.The Catapult is already an active member of Aura, a regional partnership of leading industry and academic organisations focused on driving forward the growth of the UK’s offshore wind sector, and collaborates with…
Blyth Port Readies Turbine Training Facility
UK's East coast port , Port of Blyth, said that it is installing a bespoke wind turbine training facility at its Bates terminal as part of a GBP1mln investment in training provision aimed at the offshore energy sector. This is a first for the UK wind industry.With the rapid growth of renewable energy providing the North East with major inward investment opportunities, the skills gap that currently exists in the sector is a key barrier to growth.This investment has enabled the Port of Blyth…
Hamburg, India Sea Trade Up by 17%
In the 2019 first half, 106,000 TEU - 20-ft standard containers - were handled in Hamburg on direct services with Indian ports, a gain of 17 percent. This brought India up into tenth place in Hamburg’s ranking of its trading partners for container transport.With Hapag Lloyd and its partner shipowners ONE, YML and COSCO offering an additional weekly sailing from Hamburg on the IEX - South-East India–Europe Express service from November onwards, the prospects for further growth are good.Ten liner services link the Port of Hamburg with India.
Massachusetts Maritime Academy Opens Wind Training Facility
Baker-Polito Administration Celebrates the First-in-the-Nation Offshore Wind Training Facility Located at Massachusetts Maritime Academy. MMA steps out in front to train the professionals who will make the coming wave of domestic offshore wind.Today, Governor Charlie Baker, Lt. Governor Karyn Polito, Secretary of Energy and Environmental Affairs Kathleen Theoharides, and Stephen Pike, CEO of the Massachusetts Clean Energy Center, joined officials from the Massachusetts Maritime Academy to launch the first-in-the-nation offshore wind crew transfer training facility.
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…
New Ship-to-shore Cranes Arrive in Charleston
South Carolina Ports Authority continues its multiyear modernization efforts with the arrival of three new ship-to-shore cranes for the Port of Charleston's Wando Welch Terminal in Mount Pleasant, S.C. The towering trio arrived in Charleston Harbor on Thursday two-month journey from China aboard the heavy lift vessel Zhen Hua 28 after a two-month journey from Shanghai Zhenhua Heavy Industries (ZPMC) in China. The cranes will remain at Columbus Street Terminal in downtown Charleston for several days before being transported to Wando Welch Terminal…
Kalmar Supplies Hybrid Shuttle Carriers to Virginia Port
Kalmar, part of Cargotec, has announced that it will supply 25 Kalmar Hybrid Shuttle Carriers to the Port of Virginia, a growing, deep water port on the U.S. East Coast.The $23 million (USD) order was booked in Cargotec's 2019 Q3 order intake, and represents the exercising of a contract option for further units that was agreed upon in 2017. Delivery of the new machines is scheduled to be completed by the end of July 2020.The new units will be delivered to Norfolk International Terminals (NIT)…
Ocean Yield Buys Ethylene Gas Carrier
Norwegian shipowner Ocean Yield ASA has agreed to acquire Navigator Aurora, a 37,300 cbm ethylene gas carrier owned by Navigator Gas.According to agreement, the ship will be purchased for a total consideration of USD 69.75 million net of a seller’s credit, with a 13-year bareboat charter to a company 100% owned and guaranteed by Navigator Holdings - Navigator Gas.The vessel is expected to be delivered to the Company during October 2019. Navigator Gas has certain options to acquire the vessel during the charter period.
Panama Canal Reports Record FY 2019 Tonnage
The Panama Canal has closed the 2019 fiscal year (FY19) with a record tonnage of 469 million Panama Canal tons (PC/UMS), a 6.2 percent increase compared to FY2018.With this figure, the waterway exceeds the 450.7 million PC/UMS tons projection for FY2019, as well as the record tonnage of 442 million PC/UMS tons registered in the previous fiscal year. These record-setting results reflect the Canal workforce's commitment to efficiency and ongoing investments in infrastructure, which will allow the waterway to meet the growing demand and offer a reliable and safe service to customers.
SSE Picks Montrose for Seagreen O&M
Dublin-based SSE Renewables, a renewable energy subsidiary of Airtricity, has selected the port of Montrose on the east coast of Scotland to serve as the operations and maintenance (O&M) base for its 1100MW Seagreen offshore wind farm.Situated over 27km off the Angus coastline, Seagreen is the furthest from shore of any Scottish offshore wind farm and is expected to produce enough renewable energy to power over 40% of all households in Scotland. When completed, it will become Scotland’s largest offshore wind farm.John Hill…
Fitch: Growth Could Level Off for U.S. Transportation
Growth prospects remain healthy for all three major U.S. transportation segments heading into next year, though the trajectory figures to level off somewhat according to Fitch Ratings in its latest annual report. The broader economy is proving to be resilient thus far amidst increased recession talk. Factors more likely to curb the rate of growth are more sector-specific ion nature, according to Transportation and P3s group head Scott Zuchorski. "Aircraft safety is under increased scrutiny…
Offshore Wind takes Center Stage at SUNY Maritime
More than 300 executives from the maritime industry, government and academia filled the conference hall at SUNY Maritime as the State University of New York Maritime College and the Maritime Industry Museum at Fort Schuyler jointly hosted "Offshore Wind Power: Planning For America’s Ocean Energy" today in New York.I was pleased to facilitate the lead panel entitled "East Coast Wind Farm Overview – Status of Industry,” a panel which featured executives from four of the leading companies which are investing and working to make offshore wind power a reality in the U.S.…
Hamburg Süd Launches INSTANT
Hamburg Süd has expanded the e-commerce offerings on its website and is now offering INSTANT, a digital application that is designed to make booking containers easier and faster. Within just a few seconds, INSTANT users will be able to view fixed prices and book their cargo directly – all of it online. Bookings can be made up to four weeks prior to the planned shipment. The earlier the booking is made, the lower the total price for the customer – and subsequent price changes or additional fees will no longer apply.
BIMCO: Fleet Growth, Ship Size Up
Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter.Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter. Despite this rise, the growth figure remains substantially below what the industry has been used to…
Video: RoRo Vessel Overturns Off US East Coast
Four crew members are missing from a roll-on/roll-off cargo vessel that is disabled, overturned and has caught fire near Brunswick, Georgia, the U.S. Coast Guard said on Sunday.Twenty people have been safely removed from the ship, and the Coast Guard said it is working with local partners to locate the four crew still missing from the 656-foot vehicle carrier, MV Golden Ray, which began listing heavily and capsized with 23 crew and one pilot on board in St. Simons Sound early on Sunday morning.The Coast Guard said it was notified of the capsizing by a 911 call around 2 a.m.There were 4…
Hurricane Dorian Update
At 800 AM EDT (1200 UTC), the center of Hurricane Dorian was located near latitude 29.5 North, longitude 79.6 West.Dorian is moving toward the north-northwest near 8 mph (13 km/h), and a northwest or north-northwest motion is expected through this morning. A turn toward the north is forecast by this evening, followed by a turn toward the north-northeast on Thursday morning.On this track, the core of Hurricane Dorian will move dangerously close to the Florida east coast and the Georgia coast through tonight.
BREAKBULK SHIPPING: Breakbulk Breaks the Mold
In the cargo shipping world, there’s the bulk sector, the container segment, and then, there is “everything else.”When it comes to ‘everything else,’ breakbulk is the cargo that resides in between, comprising much of that remainder, including forest products (lumber, baled pulp) and steel. Breakbulk may, at times, share space on multipurpose vessels that also handle heavylift and project cargo, but can also be transported on vessels that handle drybulk. Prior to the advent of containerization, bales, barrels and pallets dominated.
PORT PROFILE: Big Baltimore
The Port of Baltimore is poised to muscle its way into the nation’s elite top 10 ports. How that happened really isn’t hard to understand. That’s because what comes next will be the dividend of many years of focused planning.The Port of Baltimore consists of state owned marine terminals managed by the MPA and privately owned marine terminals. Approximately 90 percent of all general cargo tons move through the MPA’s public terminals, while the private terminals handled most of the Port’s bulk commodities.In 2018, the Port of Baltimore (POB) experienced a record year in foreign cargo tons.
NHC: Dorian weakens to Category 2 Hurricane
Dorian weakened on Tuesday but was heading north-westward and growing in size, moving "dangerously close" to the Florida east coast late Tuesday through Wednesday evening, the U.S. National Hurricane Center (NHC) said.Dorian, now a Category 2 storm on the five-step Saffir-Simpson Wind Scale, is located about 105 miles (170 kilometers) east of Fort Pierce, Florida, with maximum sustained winds of 110 miles per hour (175 km per hour).Separately, and from Portsmouth, VA, the Captain of the Port set Port Condition X-ray for the Port of Virginia at 9 a.m.
NOAA's NHC: The Latest on Hurricane Dorian
At 800 AM EDT (1200 UTC), the eye of Hurricane Dorian was located by reconnaissance aircraft and NOAA Doppler radar near latitude 27.1 North, longitude 78.4 West. Dorian is beginning to move northwestward at about 1 mph (2 km/h), and a slightly faster motion toward the northwest or north-northwest is expected later today and tonight.A turn toward the north is forecast by Wednesday evening, followed by a turn to the north-northeast Thursday morning. On this track, the core of extremely…
Hurricane Dorian Builds, Aims for Bahamas, Florida
Hurricane Dorian took aim at the Bahamas and the Florida coast on Thursday, spurred on by warm Atlantic waters as it threatens to strengthen into a dangerous Category 3 storm.Dorian earlier sideswiped the Caribbean without doing major damage but is expected to strengthen and slam the Bahamas and the southeastern United States with rain, strong winds and life-threatening surf over the next few days, the Miami-based National Hurricane Center said in an advisory.U.S. President Donald Trump urged Floridians to heed official warnings.