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Tuesday, August 14, 2018

Europe News

© Lasse Pape / MarineTraffic.com

Saudi Arabia Halts Red Sea Oil Exports after Tanker Attacks

Saudi Arabia said on Thursday it was suspending oil shipments through a strategic Red Sea lane after Yemen's Iran-aligned rebels attacked two tankers in the waterway, underscoring the risk of an escalation in tensions in the region.Brent crude futures rose 59 cents to $74.52 a barrel by 1008 GMT, extending their rally into a third day but falling from a 10-day high in earlier trading.Saudi Arabia and arch-foe Iran have been locked in a three-year proxy war in Yemen, which lies on one side of the Bab al-Mandeb strait at the southern mouth of the sea…

© Bratislav Braca Stefanovic / Adobe Stock

Low Water Hinders River Shipping in Germany

Water levels on the Rhine and Danube in Germany remain low as a drought and heatwave continues and freight vessels cannot sail fully loaded on the rivers, traders said on Monday.The Rhine is too shallow for normal sailings from Duisburg to southern Germany, traders said. All of the German section of the Danube is too shallow for full loads, they said.“Vessels are still sailing but are sometimes operating less than half full,” one vessel broker said. “Water is so shallow in southern…

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Saudi Arabia Resumes Oil Exports through Red Sea Lane

Top oil exporter Saudi Arabia said on Saturday it has resumed all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb.Saudi Arabia halted temporarily oil shipments through the lane on July 25 after attacks on two oil tankers by Yemen's Iran-aligned Houthi movement.A statement by the Energy Ministry said shipments had resumed on Saturday."The decision to resume oil shipment through the strait of Bab al-Mandeb was made after the leadership of the coalition has taken necessary measures to protect the coalition states' ships…

(Photo: Unifeeder)

DP World Acquires Unifeeder for $762.6 Mln

DP World, one of the world's largest port operators, said on Tuesday it had acquired 100 percent of Unifeeder Group, a Danish logistics company, for 660 million euros ($762.6 million).The acquisition from Nordic Capital Fund VIII and certain minority shareholders will boost DP World's presence in the global supply chain and broaden its product offering to its customers, shipping lines and cargo owners, DP World said.Based in Aarhus, Denmark, Unifeeder operates a container feeder and a shortsea network in Europe, serving both deep-sea container hubs and the intra-Europe container freight market

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Peak Season Promises Better Box Freight Rates -MSI

After a pattern of divergence at the start of the year, July saw a modest realignment between charter and freight markets as liner operators react to cost pressures and the wider industry awaits the impact of the potential trade war between the U.S. and China, according to the latest Container Shipping Forecaster from MSI.Following an impressive run since the end of 2017, timecharter earnings have leveled off in recent weeks, a slowdown that began with smaller feeder vessels and has now spread to larger units.

Photo: Kalmar

Kalmar to Supply Customized RMGs at DCT Gdansk

Kalmar, part of Cargotec, has signed an agreement with Deepwater Container Terminal (DCT) Gdansk to supply three electrically powered rail-mounted gantry cranes (RMGs) with DCT specific customization. The order, booked in Cargotec's 2018 third quarter order intake, follows a recent DCT order of five Rubber-Tyred Gantry Cranes (RTGs) that took place in the first quarter of 2018. The RMG deliveries are scheduled to take place in the second half of 2019.DCT Gdansk is Poland's largest and fastest growing container facility…

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After Soybeans, EU Touts US LNG Imports to Woo Trump on Trade

The European Union said it was delivering on a deal with U.S. President Donald Trump to buy more U.S. liquefied natural gas (LNG) on Thursday but called on Washington to do more to make its prices competitive.In talks to urge Trump to drop hefty new tariffs last month, the EU's chief executive Jean-Claude Juncker agreed to work to increase imports of U.S. soybeans and LNG to the bloc.The EU has long worked to diversify away from relying on Russia for almost 40 percent of its gas needs by developing LNG infrastructure to access other suppliers like the United States.Whether U.S.

ZEABORN Combines E.R. Schiffahrt and Rickmers

The ZEABORN Group announced it has combined its two recently acquired Hamburg-based ship management companies to form one global brand, ZEABORN Ship Management GmbH & Cie. KG.Bremen-based ZEABORN Group has brought together Rickmers Shipmanagement, which was acquired by ZEABORN in September 2017, and E.R. Schiffahrt, acquired in February 2018. The company will trade under its new name with effect from August 10, 2018.The combined technically managed fleet currently comprises more…

Image: Port of Antwerp

Antwerp Port Fire Creates Toxic Cloud

Toxic smoke from a massive smoldering fire has triggered an evacuation in the Port of Antwerp, local media reported.All vessels and business within 6,000 feet from the fire have been evacuated, RTL broadcaster reported.The authorities have reportedly urged the people who live nearby to keep their windows closed due to danger from the toxic smoke.According to RT, Firefighters are still battling the blaze, which produces “poisonous substances.”Some 5,000 tons of nickel sulfide caught fire in a warehouse of one of Europe’s largest seaports…

Photo:  Dorian LPG Ltd

Seaborne LPG Trade Rebounds: Dorian LPG

Seaborne LPG trade rebounded in the second calendar quarter of 2018 thanks to heavy lifting schedules in the Middle East and the United States, as well as an improvement in arbitrage economics towards the end of the three-month period, said Dorian LPG.After a lackluster first calendar quarter of 2018, exports from the United States peaked at approximately 2.7 million metric tons in May 2018, and total U.S. exports for the first half of 2018 were 4% higher as compared to the same…

Unifeeder vessel Vera Rambow in Rotterdam. Photo: Unifeeder

Unifeeder Becomes Part of the DP World

Following last week annoucement of acquisition, Unifeeder Group has announced the signing of the agreed acquisition of Unifeeder by DP World.The largest Pan-European feeder and shortsea operator announced in a press release that it will benefit from DP World’s global scope, size and presence which in turn will enable Unifeeder’s brands to expand further and beyond present geographies and products.Unifeeder will continue to operate on a fully independent, multi-user basis under its current existing management, and expects to see additional growth as a consequence of the transaction.

Photo:
Transinsular

Transinsular Reinforces Connection Between Europe and Africa

The Lince Class service from Transinsular, a GRUPO ETE company, will start to call Total Terminal International Algeciras (TTI) from August 23, 2018, opening a direct link from the Spanish mainland to Cape Verde (Praia and Mindelo), that will also serve as a cargo transshipment hub for the Mediterranean, namely other ports in Spain, as well as Italy, Greece and Turkey.The strengthening of the Lince Class with a new call in the European continent (it already links Leixões and Lisbon to Cape Verde)…

Images: Azerbaijan Caspian Shipping

Kuryk Port Opens New Ferry Complex

Kuryk port, located in the Mangystau region of Kazakhstan, has opened its new ferry complex.Officials of relevant government agencies and representatives of private companies from Georgia, Turkey, Turkmenistan, Iran, China, Russia, Uzbekistan, Tajikistan, Kyrgyzstan and Azerbaijan attended the event with the participation of the President of Kazakhstan Nursultan Nazarbayev.The Kuryk port is located on the Trans-Caspian International Transport Route and plays an exceptional role in increasing freight traffic in this direction.

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Middle East Oil & Gas Shipping Routes are at Risk

Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea after Yemen's Iran-aligned Houthis attacked two crude tankers, underscoring risks caused by the conflict in the world's top oil exporting region.Iran, in its row with the United States over sanctions, has also threatened to block the Strait of Hormuz, the other major strategic shipping route for oil from the region and the main route for Iranian crude exports.Below are facts about region's shipping routes:Bab al-MandebAny move to block the Bab al-Mandeb…

Norwegian Joy (Photo: Port of Los Angeles)

Norwegian Joy is US Bound

Norwegian Cruise Line’s first ship custom-designed specifically for the Chinese cruise market will be repositioned to sail from the United States starting in 2019.The nearly 4,000 passenger cruise ship Norwegian Joy is slated to sail seasonally from Seattle to Alaska in summer 2019 before making voyages to the Mexican Riviera and Panama Canal from Los Angeles in winter 2019/2020.Built by German shipbuilder Meyer Werft in 2017, the 1,094-foot-long, 167,725 gt Norwegian Joy was designed with finishes and amenities tailored specifically to the tastes of Chinese guests.

Photo: CMA CGM

ISC Middle East to East Africa Service Reshuffling

In a continued effort to provide our customers with reliable and efficient service, CMA CGM Group will upgrade its service offering connection India and Middle East to East Africa., said press release from the company.Starting 17th August 2018, the group will offer a new product to East Africa whilst combining NOURA 1 and NOURA 2 former rotations.Strengths of this new offer is one direct service serving 6 ports of call in East Africa range.Revised port coverage as follows: Khor Fakkan…

Logo: INTTRA

INTTRA Adds Turkon Line to its Carrier Network

INTTRA,  neutral network, software and information provider at the center of the ocean shipping industry, has announced the addition of Turkon Line, the latest regional carrier to join its rapidly expanding network.Turkon provides shipping services focused on the US, Europe and the Eastern Mediterranean through eight locations strategically located across Turkey, the US and Europe. Turkon will offer its customers a suite of shipping services through INTTRA’s network, including booking requests, shipping instructions, and Track and Trace.

file Image: CREDIT EXXON

The Global 0.50% Sulfur Cap: 30 months and counting down …

Industry frets about the coming deadline. Shipping desperately wants to be ready, but will global shore-based infrastructure and refining capacity match the demand that is sure to come? And … are regulators listening to industry’s concerns?In early June, the U.S. Coast Guard (USCG) and U.S. Environmental Protection Agency (EPA) held a public workshop in Washington to help the agencies prepare for the January 1, 2020 deadline for worldwide implementation of very low sulfur marine…

© Wojciech Wrzesien / Adobe Stock

Trump Bets on New European LNG Terminals

U.S. President Donald Trump expects the European Union to fund 9 to 11 liquefied natural gas (LNG) ports to absorb "vastly" more shipments from the United States but current EU investment in new projects will only help open small markets.In a White House press conference with Italian Prime Minister Giuseppe Conte late on Monday, Trump said part of the U.S.-EU trade talks sought to expand America's reach into the continent's gas markets which were awash in Russian supply."And we are already talking to the European Union about building anywhere from 9 to 11 ports…

Board of Directors. Photo: Diana Shipping Inc.

Diana Shipping Appoints Directors and Executive Officers

Diana Shipping announced that, effective August 1, 2018, the Company increased the size of its Board of Directors from nine to eleven members.The global shipping company specializing in the ownership of dry bulk vessels appointed Christos Glavanis to serve as a Class I Director and appointed Mr. Andreas Michalopoulos, the Company’s Chief Financial Officer and Treasurer, to serve as a Class III director, in each case effective August 1, 2018.The Board has determined that Glavanis is an “independent director” as such term is defined under the Securities Exchange Act of 1934…

Carl Stephen Patrick Hunter. Photo: Coltraco Ltd.

Carl Stephen Patrick Hunter Joins Board of Trustees at RINA

Coltraco Ultrasonics Chief Executive, Carl Stephen Patrick Hunter, has been welcomed onto the Board of Trustees at The Royal Institution of Naval Architects (RINA), an internationally renowned professional institute at the heart of surface and sub-surface ship design.Formed in 1860 and established by Royal Warrant RINA occupies a central and essential role at the heart of British and global maritime with 70% overseas members and Consultative Status at the International Maritime Organisation.Commenting on the appointment…

File Image: Transinsular

Short Sea Providers Partner with Navis to Optimize the Vessel Stow

On-premise vessel stowage software StowMan takes feeder liners and logistics providers to the next level of vessel stowage planning. Navis, the leading provider of vessel stowage planning solutions, announced that in the first half-year 2018 five feeder liners, including Tehama Shipping and Transinsular, have selected the on-premise stowage planning solution StowMan. The partnership with Navis aims to improve vessel stowage planning and an effective load list handling in order…

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Unipec Suspends US Oil Imports as Trade Spat Intensifies

China's Unipec, the trading arm of state oil major Sinopec, has suspended crude oil imports from the United States due to a growing trade spat between Washington and Beijing, three sources familiar with the situation said on Friday.The sources declined to be identified as they are not authorised to speak to the media.It is not clear how long the temporary halt will last, but one of the sources said Unipec has no new bookings of U.S. crude until at least October.Unipec and Sinopec, Asia's largest refiner and biggest buyer of U.S.

File Photo: European Community Shipowners’ Associations (ECSA)

BIMCO ECSA Leadership Meeting in Athens

The BIMCO President, Anastasios Papagiannopoulos and European Community Shipowners’ Associations (ECSA) President, Panos Laskarides met in Athens recently to discuss areas of cooperation and further alignment between the two leading associations representing shipowners globally and in Europe respectively.“ECSA and BIMCO have supported each other in the past but there is a desire by both associations to further improve and deepen our cooperation”, said Mr. Panos Laskaridis.“We discussed the key issues currently concerning the shipping industry such as environmental legislation…

The GTT USA Terminal at Port Canaveral. FL

From Desert to Delaware

Gulftainer strives for top six in terminals.Sharjah is a glimmering city-state carved from the desert, the third largest emirate in the United Arab Emirates and the only one to have land on both the Persian Gulf and the Gulf of Oman. And soon, within weeks, a company based in Sharjah could control one of the most strategically located marine ports in the United States. Gulftainer through its subsidiary GT USA, Wilmington has inked a deal with the State of Delaware, USA, which would grant GT USA…

Image: Mitsui O.S.K. Lines, Ltd.

MOL Blue Ocean Environmental Bonds will be Japan's 1st Green Bonds

Mitsui O.S.K. Lines (MOL) announced a plan to issue green bonds (its 20th and 21st series unsecured corporate bonds) through a public offering in Japan's domestic market. It also announced the acquisition of a second opinion from a third-party institute.Japan's 1st Green Bonds are aimed at individual investors. Green bonds are used to raise funds for businesses aimed at protecting and improving the environment.MOL established the MOL Group Environmental Vision 2030 in April 2017…