28629 members and growing – the largest networking group in the maritime industry!

LoginJoin

Sunday, April 21, 2019

East Coast News

Agency Manager David Thorburn (left) with the Harbourmaster of Montrose Port Authority, Tom Hutchison and local legend Bamse the St Bernard. (Photo: GAC Group)

GAC Opens UK Office

GAC UK said it has opened its 20th branch at the historic port of Montrose on the east coast of Scotland, just seven months after welcoming its 19th office at nearby Dundee.Established in 1493, the port of Montrose is known as the “gateway to the North Sea” and is now a thriving support and service hub for the energy and shipping industries, as well as other shipping sectors including cruise. More than $28 million has been invested in upgrading its infrastructure since 2010 - with the latest reinforcing two of its berths at a cost of $9.4 million…

File Image: Marad

Container Rates Alert: Box Industry Builds

Small yet significant rises in European import and export activity, combined with increased Far East imports and continued growth in US exports has fuelled a moderate improvement in long-term global container rates in March. The trend, identified in the latest XSI Public Indices report from Xeneta, builds on the positive rates development recorded last month, which effectively halted a decline underway since August 2018.Oslo-based Xeneta, a leading ocean freight rate benchmarking and market analytics platform…

© Ralf Gosch/Adobe Stock

Containershipping: Restoring Balance

The repositioning of empty containers costs the liner industry an estimated $15-20billion every year according to Boston Consulting Group (BCG), as containers sit idle at a depot or are repositioned to a different loading point while empty. This is time spent not earning revenue, whil incurring additional costs, and is estimated by BCG to account for 5-8% of total operating costs for an average container liner. These expenses can include inland repositioning by rail or road onto a different port or terminal…

Pic: DP World Southampton

New COSCO Service Between UK, Europe, Russia

Chinese state-owned shipping and logistics services supplier company COSCO Shipping Lines announced a new COSCO feeder service from St Petersburg, Russia will begin calling at DP World Southampton."COSCO is to introduce a new weekly call at DP World Southampton, as part of a rotation including St Petersburg, Russia; Kotka, Finland; Southampton, UK; and Rotterdam, Netherlands," said a press release.The news comes after COSCO confirmed in February that DP World Southampton will be a permanent call on its feeder service.

Image: Jacksonville Port Authority

JAXPORT Receives Largest Ever Box Ship

The Jacksonville Port Authority (JAXPORT) and terminal operator SSA Atlantic on Monday afternoon welcomed the largest container ship to ever visit Jacksonville.JAXPORT set a new port record today with the arrival of the ZIM vessel Cape Sounio, the largest container ship to ever call Jacksonville, claimed a press release.The 11,000-TEU (container) vessel is operated by ZIM on a service offered by the 2M alliance. The 2M alliance is comprised of Maersk, MSC, Hamburg Süd and strategic partners HMM and ZIM.The vessel, which transited the Panama Canal from Asia before reaching the U.S.

Photo Credits: Nauticor

LNG Bunkering: World's Largest Starts Ops

On March 15, 2019, the world’s largest bunker supply vessel (BSV) for liquefied natural gas (LNG) Kairos conducted the first LNG bunker supply operation for the newbuild ferry MS Visborg at the ferry pier of the port of Visby.The bunker operation puts into practice the contract for the supply of LNG, which was signed by Nauticor, a leading supplier of LNG as marine fuel, and Destination Gotland, the owner and operator of the new ferry, in December 2017 and enables the ferry to…

Map: Hapag-Lloyd

Hapag-Lloyd Begins TNE Service

German-based cargo container shipping line Hapag-Lloyd AG is launching a new liner service offering a direct connection between Turkey and the US East Coast.The Turkey North America East Coast (TNE) service will operate every nine days between the Turkish seaport of Marmara (Izmit, Istanbul and Gemlik) and the US ports of New York, Norfolk and Savannah, said a press release from the world's fifth largest container carrier in terms of vessel capacity.In addition, the service will…

File Image: CREDIT AdobeStock / © Nightman 1965

Imports at Annual Low on Seasonal Lull, Tariff Worries

With the retail industry in its annual lull between seasons and plans for a tariff increase on hold, imports at the nation’s major retail container ports are expected to drop to their lowest level in almost a year this month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Now that the holiday season is over and summer has yet to crank up, this is the quiet time of year for retail supply chains,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

Kristen DeMarco, JAXPORT Chief Commercial Officer

INSIGHTS: Kristen DeMarco, JAXPORT Chief Commercial Officer

Kristen DeMarco is JAXPORT’s Chief Commercial Officer. She is responsible for leading JAXPORT’s international cargo sales and marketing initiatives as well as tracking trends and issues related to maximizing the port’s business potential. DeMarco has nearly two decades of business development experience in the logistics industry, with a track record of successfully negotiating multi-million dollar deals and building relationships with decision-makers from some of the world’s largest companies.

Image: Suez Canal Authority (SCA)

Suez Canal Extends Bulker Toll Discounts

The Suez Canal Authority (SCA) has extended discounts concerning dry bulk vessels operating between American and Asian ports after considering “new changes in the global shipping market and the world economy”."SCA pays more attention to its users best interest, and has recently taken steps towards being the safest, most secure, most reliable and most competitive compared to other routes," said a press release.It said that the rebate granted to (Laden/Ballast) Dry Bulk Vessels operating between Americas' ports and Asian ports…

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.

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.

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…

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…

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…

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.

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…

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…

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.

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…

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.

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…

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…