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Friday, February 28, 2020

Europe News

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Port of Hamburg: The Annual Outlook Part 1

In 2020 a lot will happen in the port of Hamburg. Jens Meier, Managing Director of the Hamburg Port Authority, gives an outlook and reports on the major port topics of the year in two episodes of PORT IS WHAT WE DO. In this first episode, he reports on the current status and significance of the major project to adjust the fairway of the Elbe. He also talks about sustainability, which will remain one of the most important topics in the Port of Hamburg in 2020, e.g. supplying ships with shore-side electricity.

Image: Port of Rotterdam

Busan Builds Logistics Center in Rotterdam

South Korean port company Busan Port Authority (BPA) said that it signed a contract with Samsung SDS to operate a logistics center in Rotterdam.BPA will begin a construction of the logistics center in September this year and complete and operate it in around June 2021.Samsung SDS, a subsidiary of Samsung group has been providing information technology services,  will provide comprehensive logistics services for small and medium-sized companies conducting business between Europe…

Image: Evergreen Line

Evergreen Line Launches New Digital Platform

Taiwanese container transportation and shipping company Evergreen Line has launched a new digital platform designed to provide customers with seamless booking capabilities and greater access to integrated trade services.Evergreen Line said in a press note that GreenX platform provides a digital portal for Evergreen customers to get instant quotes and book secured space with prioritized equipment supplied by the carrier.From the time of its soft launch last month, GreenX has received nearly 2…

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Saudi-led Coalition Thwarts Red Sea Attack

Naval forces from the Saudi-led coalition fighting in Yemen on Sunday foiled an "imminent terrorist" attack by the Iran-aligned Houthi movement in the southern Red Sea, a major commercial shipping channel, the coalition said.The forces destroyed an unmanned boat laden with explosives that was launched from Hodeidah province in western Yemen, coalition spokesman Colonel Turki al-Malki said in a statement on Saudi state news agency SPA, without identifying the targets.There was no immediate confirmation from the Houthi movement…

Graph: BIMCO

Global shipping Hit by Coronavirus

Global shipping holds its breath as the coronavirus continues to spread and generates massive economic and financial uncertainty.Two weeks ago, BIMCO argued that – from an economic perspective - when China sneezes, we all catch the flu. Since the SARS outbreak in 2003, the global economy has become much more interlinked with China and the Chinese economy has grown to become the second largest in the world.While hard facts and reliable data are in high demand, they are in short supply…

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LNG Bunkering Operations Triple in Spain in 2019

Ship operators carried out 195 liquefied natural gas (LNG) bunkering operations at Spanish ports in 2019, 135 more than in the previous year, Spanish authorities said on Friday.81,704 cubic metres of LNG was supplied to ships during the year.The upward trend continued in January 2020, with 35 operations supplying 12,055 cubic metres.Spain has seven LNG terminals, more than any other country in Europe. The terminals have been or are being adapted to allow them to provide small…

Image: Port of Rotterdam

Green Bunker Demand Jumps at Rotterdam

Low-sulfur fuel sales rose sharply in Rotterdam in the last quarter leading up to the implementation of International Maritime Organisation (IMO) 0.5pc sulfur cap on 1 January.According to Port of Rotterdam, the demand for LNG, bio and low-sulfur bunkers has increased enormously in Rotterdam over the past year. Total sales in this largest European bunker port fell from 9.5 million m3 to 9 million m3.In the last quarter of 2019, sales of low-sulfur bunker oil with a maximum sulfur content of 0.5% – the so-called VLSFO, very low sulfur fuel oil – increased enormously.

Image: A.P. Moller - Maersk

Global Container Demand to Grow by 1-3% in 2020

For 2020, global container demand is projected to grow by 1-3%, as per forecast by A.P. Moller - Maersk.The continued weak global sentiment above all in the manufacturing sector reduces the likelihood of a material growth pick-up in 2020, although sentiment brightened a bit at the end of 2019, and some improvement can be expected on the back of stabilizing inventory dynamics, said the shipping giant.Aside from the cyclical slowing of the global economy, substantial risk to global container demand comes from the effectiveness of fiscal and monetary policy in major economies…

(Photo: Hamburg Süd)

Hamburg Süd Invests in the Mediterranean

Hamburg Süd is now exclusively represented by its own offices in Italy and Spain after business was previously partially handled by agents and joint-venture organizations. Furthermore, in Egypt the company has taken full management of Hamburg Süd Egypt.“We are thereby investing in the Mediterranean markets that have traditionally been of strategic importance to Hamburg Süd,” says Poul Hestbaek, General Manager of Hamburg Süd’s Region Europe. “By having owned organizations, we…

Image: Fugro

Fugro: Offshore Market Grows Despite Concerns

The offshore oil and gas market continues to grow despite geopolitical developments and concerns over reduced global economic growth, said the Dutch multinational Fugro."The outlook across Fugro’s market segments is positive as offshore wind, oil and gas and infrastructure markets continue to grow," said a statement from the provider of geo-intelligence and asset integrity solutions for large constructions, infrastructure and natural resources. The energy transition which is needed to reduce CO2 emissions and mitigate climate change…

Image: EnBW

Canada Funds Refinance German OWF

The Canada Pension Plan Investment Board (CPP Investments) has refinanced its minority interest in the 609MW Hohe See and Albatros offshore wind farm complex in the German North Sea.Amsterdam Capital Partners (Amscap) advised CPP Investments on the EUR 510.6 million green bond refinancing, said a statement.The refinancing follows CPP Investments’ acquisition of 49% of Enbridge Inc’s (Enbridge) original 49.89% ownership in the two projects, which Enbridge in turn acquired from EnBW Energie Baden-Württemberg AG (EnBW) in 2017.In total…

Image: Rotterdam Port Authority

Partnership to Make Waterways Climate-Neutral

German energy company E.ON, Rotterdam Port Authority and DeltaPort Niederrheinhäfen are partnering up to create conditions conducive to switching inland shipping in Germany and Europe from diesel to battery and/or hydrogen drives.The companies agreed in Essen to develop an infrastructure so that freight and passenger ships with climate-neutral propulsion can exchange battery containers or refuel hydrogen in the ports.The partners' goals include climate protection, improved air…

Image: Port of Rotterdam Authority

Port of Rotterdam Throughput Flat in 2019

The largest seaport in Europe Port of Rotterdam saw a freight throughput of 469.4 million tonnes in 2019, fractionally higher than in 2018 (469 million tonnes).According to a release, investments by the Port of Rotterdam Authority were again at a high level, with gross investments including participation amounting to €338.3 million (2018: €408.1 million). The net result excluding taxes amounted to €241 million (2018: €254.1 million).Significant underlying shifts were observable between the various commodities.

Image: AAL Shipping

AAL Shipping Launches New Service

The  global ocean transport operator AAL Shipping has launched a new Europe-Middle East/India-Asia Monthly Liner Service to serve the market’s multipurpose vessels (MPPs) and project heavy lift cargo transport requirements.The new service, which connects main ports between Europe, Middle East/India and Asia, harnesses AAL’s second generation 31,000-dwt mega-size A-Class fleet, renowned for its 40,000-cu m cargo intake capacity 700-tonne lift ability.The new liner service will follow a fixed route, with port call flexibility.

Image: Ørsted

Ørsted Eyes Carbon-Neutrality by 2025

The global leader in offshore wind Ørsted A/S  will become carbon neutral by 2025. "This will make Ørsted the first major energy company to reach net-zero emissions in its energy generation - far ahead of science-based decarbonization targets for limiting global warming to 1.5°C," said the company.Additionally, Ørsted sets a target of achieving a carbon neutral footprint by 2040.During the last ten years, Ørsted has transformed from a company with fossil fuels at the core of its business to a pure-play renewables company.

Image: Tsuneishi Shipbuilding

Tsuneishi Delivers 500th TESS Design Bulker

Japanese shipbuilding major Tsuneishi Shipbuilding delivered the 500th newbuilding in long running bulker range the Tsuneishi Economical Standard Ship (TESS).The TESS64 Aeroline bulker Sarita was delivered to Ugland Shipping by Tsuneshi Heavy Industries (Cebu) in November last year marked the 500th vessel of a TEES design to be delivered."As indicated by its name “TESS”, the TESS series features fuel consumption performance with excellent economy, and high versatility that is easy to use.

Photo: CakeBoxx Technologies

CakeBoxx Technologies Introduces ThermoBoxx

CakeBoxx Technologies has rolled out a new product line of refrigerated shipping containers: ThermoBoxx 20' Shipping Container with Lifted Lid and ThermoBoxx 20ft Container.CakeBoxx Technologies designed these new models as a time saving, cost-effective solution for the movement of temperature-sensitive cargos that would normally be difficult to load and unload through conventional reefer container doors due to their size, shape or weight. The side and top loading capability is a key differentiation from conventional containers and provides a strong value proposition for speed of loading…

(L-R) Harry Gandhi and Mike Pugh. Photo: Unique Group

Unique Group Acquires APAC Marine Unit

Integrated marine and subsea solutions provider Unique Group has announced the acquisition of the Australian-company Western Advance’s Marine Division.The provider of services and solutions for the offshore, subsea and life support industries also announced the appointment of Chris Forde as its new regional vice-president.Western Advance’s integration with Unique Group ties in with the Group’s strategy to enhance its portfolio of autonomous solutions for marine, offshore and subsea industry operations in the region.Harry Gandhi…

CMA CGM ships in Waltershofer harbour © HHM / Dietmar Hasenpusch

Hamburg Port Defends Service Losses

Germany's largest port, the Port of Hamburg not expecting reduction in container throughput caused by liner service changes announced by Ocean Alliance and Maersk.From April, the Ocean Alliance NEU 5 service handled by EUROGATE Container Terminal Hamburg – CTH is being transferred to Antwerp, said a press release from the a sea port on the river Elbe in Hamburg, Germany, 110 kilometres from its mouth on the North Sea."This service will be run by the Ocean Alliance Partner, CMA CGM as FAL 3 with an approximate annual volume of 150…

Group photo from left: Shiwei, Farid, Jinu, Elise. (Photo: Dan-Bunkering)

Dan-Bunkering Appoints Four Bunker Traders

Dan-Bunkering has announced the employment of four new bunker traders for the office in Dubai: Shiwei Liao, Elise Huang, Farid Babayev, Jinu Jagan.The latest hiring makes the Middle Eastern office the largest office of the Dan-Bunkering group in terms of number of traders.Shiwei Liao was born and raised in southern China and started his career within the Dan-Bunkering group in the Shanghai office in 2013. During an internal desk swap exercise a couple of years back, Liao found himself quite fund of the international environment Dubai had to offer…

Image: British Ports Association

Driverless Trucks to Dominate UK Ferry Traffic

Driver-less heavy goods vehicles (HGVs) will be to ship freight between the UK and continental Europe in the future, according to a new white paper published by the British Ports Association (BPA) and the specialist freight transport consultancy MDS Transmodal.Commercial and environmental pressures will encourage freight operators to look at autonomous trucks and they would transform the way the ro-ro market works in Great Britain."Changes anticipated include significant growth…

 Financing agreement for the construction of the first LNG bunkering vessel for maritime use in Eastern Mediterranean. Photo: ©EIB

EIB Fund Greek LNG Bunkering Vessel Construction

European Investment Bank (EIB) and Public Gas Corporation of Greece (DEPA) have signed an agreement to finance with up to 20 million euros the construction of a new liquid natural gas (LNG) bunkering vessel for maritime use in Greece which will be based in Piraeus. EIB said that the first vessel of its kind in Greece and the Eastern Mediterranean will have a capacity of 3,000 cubic meters and will be supplied with LNG at Revithoussa LNG terminal.The bunker tanker will refuel its LNG at Revithoussa LNG terminal and will carry out bunkering both in Piraeus and other Greek ports…

Zenith CEO, Andrea Cattaneo, and Chairman, José Ramón Lopez-Portillo, at Zenith's Admission Ceremony to the London Stock Exchange. Photo: Zenith Energy

Zenith Norway Established for Offshore Ops

Canadian international oil and gas production company Zenith Energy has established a Norwegian subsidiary - Zenith Norway - as a precursor to securing its first acreage off the country. Zenith said it intends to use Zenith Norway as a vehicle for intended participation in future licensing bids to be organized by the Norwegian Ministry of Petroleum and Energy, as well as to actively pursue the potential acquisition of working interests in mature energy production assets across Northern Europe.To this end…

Image: DP World

DP World Acquires 44% Stake in Swissterminal

Dubai-based global ports operator DP World has taken a 44% stake in Frenkendorf-headquartered Swissterminal Holding, the container terminal operator in Switzerland.The parties have agreed not to disclose financial details of the transaction.Swissterminal, which is headquartered in Frenkendorf close to Basel, operates additional locations in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhueningen and Liestal. The terminals are well connected to Europe’s leading container ports in Rotterdam and Antwerp as well as the ports of La Spezia…

Image: Hyundai Merchant Marine

THE Alliance Welcomes HMM

The members of THE Alliance, Hapag-Lloyd, Ocean Network Express, and Yang Ming have welcomed Hyundai Merchant Marine (HMM) as a new core member of THE Alliance.With the US Federal Maritime Commission (FMC) acceptance of HMM membership, THE Alliance offers an attractive upgraded product package and it will be launched around April 1st, 2020.Based on the existing comprehensive network of THE Alliance, the newly en-hanced product package will offer increasing frequency particularly from South East Asia…

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World Seaborne Coal Trade Rose 0.7% in 2019

Seaborne coal trade around the world grew 0.7% last year, helped by higher output in China and Indonesia and more export activity by Indonesia, Australia, Russia and Canada, Germany's VDKI coal importers lobby said on Friday.Imports and exports, counted together, rose to 1.218 billion tonnes from 1.210 billion tonnes in 2018, VDKI Managing Director Franz-Josef Wodopia said in an speech made available to Reuters, citing VDKI estimates.Within the 2019 total, trade in coking coal used for steelmaking dropped by 1% to 287 million tonnes as steel production declined, the Verein der Kohlenimporteure