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Friday, October 18, 2019

Europe News

Photo: Total

Total’s First LNG Bunker Vessel Launched

Total said its first large liquefied natural gas (LNG) bunker vessel has been launched, following the signature of a long-term charter contract between Total and Mitsui O.S.K Lines (MOL) in February 2018.After delivery in 2020, the bunker vessel will operate in Northern Europe, where it will supply LNG to commercial vessels, including 300,000 tons per year for CMA CGM’s nine ultra-large newbuild containerships in Europe-Asia trade, for a period of at least 10 years.The LNG bunker…

Image: Port of Rotterdam Authority

Rotterdam Port Strengthens Presence in India

The Port of Rotterdam Authority is intensifying its joint activities with parties in India. 'As one of the fastest growing economies in the world, India is investing heavily in the development of seaports, industrial areas and hinterland connections.The largest port in Europe will sign two Memorandums of Understanding (MoUs) with India, appointed an office and also supported the establishment of a maritime university that will partner with Rotterdam's institutions, marking the…

Photo: ESPO

European Ports Get EcoPorts’ PERS

European Sea Ports Organisation (ESPO) congratulates Port of Barcelona (Spain), Port of Vigo (Spain) and Port of Baku (Azerbaijan) for getting EcoPorts’ environmental management standard (PERS).Isabelle Ryckbost, ESPO’s Secretary General, handed over the PERS certificates to the ports’ representatives during the Green Port Congress in Oslo.“I would like to congratulate Port of Barcelona and Port of Vigo for renewing EcoPorts’ environmental standard and Port of Baku for obtaining it for the first time.

Pic: MSC Mediterranean Shipping Company

MSC Rejects Northern Sea Route

Mediterranean Shipping Company (MSC), the world’s second-biggest container shipping line, has decided not to use the Arctic as a new short cut between northern Europe and Asia and will instead focus on improving environmental performance on existing global trade routes.In declaring the northern sea route out of bounds, MSC follows CMA CGM and Hapag-Lloyd that have similarly eschewed the commercial benefits of an Asia-North Europe option that is 30 percent shorter than the southern…

Photo: Peel Ports

Ports Ready to Save UK From Trade Traffic

The ports of Liverpool, Heysham and Sheerness (London Medway) have the capability to limit the impact the UK’s expected departure from the EU on October 31, is expected to have on trading, according to their operator, Peel Ports.With a combined capacity to handle 1 million RORO (roll on, roll off) units per year, the ports could play a vital role in ensuring cargo flow freely through UK ports as trade is expected to be challenging across the Dover Straits following Brexit.All…

Photo: ChartCo

ChartCo Relocates Offices to the Heart of Rotterdam

In a move which supports ChartCo’s ongoing expansion, the company is relocating from Driemanssteeweg 200 to Parmentierplein 20, Rotterdam with a brand-new technology office, thereby siting the firm at the epicenter of Europe’s largest port.ChartCo’s new central location will help to support customers and provide an excellent base from which to present the company’s innovative products. ChartCo’s dedicated Dutch sales and support team will also be based at the new site from October 18…

Image: Inland Navigation Europe

Europe Hosts Green Inland Shipping Event

Green inland shipping event on 16 October 2019 showed the most innovative solutions in inland navigation at the CO2 neutral port of Brussels.Brussels Minister for climate transition, environment, energy and participative democracy, Alain Maron, emphasized the important environmental benefits of inland shipping to reach global and European emission goals.Five innovative vessels called at the port of Brussels to show technological solutions to cut CO2 and air emissions to a minimum to European decision makers and stakeholders.

The Q-LNG 4000 bunker barge was launched by builder VT Halter Marine (Photo: VT Halter Marine)

US-flagged LNG Bunker Barge Launched

America’s first offshore liquefied natural gas (LNG) barge has been launched for owner Q-LNG Transport, Mississippi shipbuilder VT Halter Marine announced on Wednesday.The Q-LNG 4000 barge, designed to carry 4,000 cubic meters of LNG, with dimensions of 324’ x 64’ x 32’.6”, will be operated as part of an articulated tug and barge (ATB) unit designed to meet the requirements of American Bureau of Shipbuilding (ABS) and the International Gas Carrier code as an LNG bunkering barge.Its tug, the Q-Ocean Services, is scheduled to launch late October.

Caption: Accumulated container volumes on the Far East – Europe trade lane are up 4.6% y-o-y. The CCFI has fallen to an index level of 987, down -9% from the same period last year. 2 (Chart: BIMCO)

BIMCO’s Sand to Offer Boxship Insight in Athens

BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking and providing the audience with unique insights on the container market at the European Shipping Seminar on November 27, 2019 in Athens, Greece.The European Shipping Seminar, hosted by S&P Global Platts, will discuss the various topics relating to the commercial shipping markets and take a deep dive into how the shipping industry will navigate its way through the uncertain environment of the IMO 2020 Sulphur Cap.Container shipping outlookBIMCO has persistently stressed that trade wars and protectionism are negative for shipping.

From left to right: Roberto Olivari, Monfalcone Shipyard Director; Captain Heikki Laakkonen; Arnold Donald, President and CEO of Carnival Corporation; Jan Swartz, Group President of Princess Cruises and Carnival Australia; Giuseppe Bono, CEO of Fincantieri; Gianluca Castaldi, Undersecretary of State to the Presidency of the Council of Ministers; Micky Arison, Chairman of Carnival Corporation; Stein Kruse, Group CEO of Princess Cruises, Holland America Line, Seabourn, Carnival Australia and UK. P

Princess Cruises Takes Delivery of Newest Ship

Princess Cruises, the Carnival-owned cruise line, has taken delivery of its fourth Royal-class ship, Sky Princess, at Fincantieri's Monfalcone shipyard in Trieste, Italy.The vessel is the 17th ship Fincantieri has built for Princess, but it is the first to be custom built with the line's MedallionClass technology integrated into its infrastructure.The new unit, at 145,000 gross tons with accommodation on board for 4,610 passengers in 1,830 cabins and 1,411 crew members crew, is built on the basis of the successful sister ship project of Royal Princess…

© Igor Groshev / Adobe Stock

Sinopec Weighs Output Cuts Due to Freight Rate Surge

Asia's largest refiner, Sinopec, is weighing plans to cut oil imports in December and reduce output at its refineries after a surge in global tanker freight rates hit margins, four sources with knowledge of the matter said.The cost of shipping crude to Asia has surged in the past two weeks after companies stopped using nearly 300 tankers for fear of violating U.S. sanctions against Iran and Venezuela.Refining margins have yet to catch up with the jump in freight rates, forcing…

Photo: Benjamin Arthur/Port of Rotterdam Authority

Rotterdam Port Joins Noah's Train

The Port of Rotterdam Authority has announced that it has participated in ‘Noah’s Train’ as part of the Rail Freight Forward (RFF) initiative, a collaborative effort to cut freight transport emissions by 30% by 2030.The longest mobile work of art and ambassador of the RFF initiative, Noah’s Train, is an initiative launched by several European railway companies to promote freight transport by rail. Gathered in the Rail Freight Forward coalition, they defend a common goal: reducing…

Pic: Hapag-Lloyd

Hapag-Lloyd Opens New South Europe HQ

German cargo container shipping line, Hapag-Lloyd AG, officially opened its headquarter for the new region.CEO Rolf Habben Jansen presented the keys of the office complex in Genoa (Italy) to the new Senior Managing Director Juan Pablo Richards.During the opening event, Habben Jansen explained the motivation to create a new region: “After our merger with UASC in 2017 the Mediterranean region has gained more importance for us. That's why we are eager to bolster our competitive position…

Image: Ocean Yield ASA

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.

Arctic Discoverer will carry cargo number 1000 from the Hammerfest LNG plant. (Photo: Silje Grytbakk / Equinor ASA)

Hammerfest LNG Ships 1000th LNG Cargo

Norwegian energy company Equinor reached a milestone at its Hammerfest LNG facility on Melkøya Island, “the Snøhvit plant”,  by loading the 1000th cargo of the chilled fuel.The cargo consists of 140 500 cubic metres of liquefied natural gas (LNG). Total sales value of all the LNG cargos since the field came on stream is in the range of NOK 130-150 billion. In addition, we have the value of liquefied petroleum gas (LPG) and condensate.Arctic Discoverer is the name of the tanker that will carry cargo number 1000 from the Hammerfest LNG plant.

Photo: APM Terminals

APM Terminals Appoints Dennis Lenthe Olesen as MD

Effective January 1, 2020, Dennis Lenthe Olesen, currently Global Head of Operations at APM Terminals, will assume the role of Managing Director for APM Terminals Nordics.This joint management structure will enable APM Terminals Aarhus and Gothenburg to strengthen collaboration and unlock operational synergies. The terminals will remain separate legal entities in Denmark and Sweden.“I am pleased to announce Dennis in this new and exciting role, as we embark on an important journey of unlocking further synergies between our two terminals and strengthening collaboration in the Nordics area”…

File Image: A Piraeus cruise terminal berth (CREDIT: AdobeStock / © anastasiia Usoltceva)

Greece Trims Piraeus Port investment plan

Greece has trimmed an investment plan by Piraeus Port Authority (PPA) to boost operations at one of Europe's largest harbours, rejecting proposals for a new container terminal.PPA, majority owned by China's COSCO Shipping , had submitted to Greece's shipping ministry an 800-million-euro plan, which included a new cruise ship terminal, a mall and four hotels in the port.PPA had also proposed to build a fourth container terminal that would boost Piraeus' total throughput to 10 million…

Image: ICE

ICE Reports Milestone Trading of LNG Contracts

Intercontinental Exchange, operator of global exchanges and clearing houses and provider of data and listings services,  reported new milestones in the trading of the TTF natural gas and JKM LNG (Platts) contracts.In September, TTF Futures and Options hit an all-time monthly volume record of more than two million lots (2,023,848), equivalent to 1,484 TWh. TTF Futures set a new daily volume record on September 10 of 193,695 lots, equivalent to 142.1 TWh.TTF is the most liquid European natural gas benchmark…

File Image: Panama Canal (Credit AdobeStock / © evenfh

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.

© HPA / Andreas Schmidt-Wiethoff

Cleaner Air, Climate Plan for Port of Hamburg

Hamburg’s state government approved a large-scale expansion of shore-based power supply in the Port of Hamburg. This will create the conditions for a shift from shipboard diesel power supply to ecological electric power during lay times. With this expansion, Hamburg is playing a pioneering role in the field of alternative power supply during ships’ lay times in port.As the first port in Europe, from 2022 the Port of Hamburg will offer shore-based power supply both for cruise liners and mega-containerships.

The port of rotterdam (CREDIT: PoR / Freek van Arkel)

UK-bound Trucks at Risk after Brexit - DTA

Almost a third of companies who ship goods to Britain through the Netherlands have failed to complete the necessary paperwork for their trucks to embark on ferries after Brexit, the Dutch transport association TLN said on Wednesday."The registration is absolutely necessary, without it trucks will be sent away at terminals after Brexit," TLN spokesman Elmer de Bruin said.The Netherlands is home to Europe's largest seaport in Rotterdam, making it a major hub for trade with Britain.To keep the traffic across the North Sea flowing after Brexit…

Rob Smith. Photo: Konecranes

Konecranes Appoints New CEO and President

Konecranes, which specialises in the manufacture and service of cranes and lifting equipment, has appointed a new president and CEO, Rob Smith, who will take over his new role as of February 1, 2020.As of today, the Finnish company's CFO, Teo Ottola, who also serves as Deputy CEO, will be acting as the interim CEO until Rob Smith starts in the position."Konecranes has concluded the integration following the MHPS acquisition that took place almost three years ago. The company is now ready for the next phase in its development…

Photo: ShipServ

ShipServ Signs Pact with AMOS Group

ShipServ, the marine eProcurement platform for ship operators, announced it is set to deliver a full supplier integration solution for AMOS Group Ltd, the SGX-listed global provider of diversified products services and solutions to the marine and offshore industries.The new full integration solution will enable AMOS Group to increase efficiencies and the speed of processing multiple transactions, significantly reducing labour time as well as quickly responding to RFQs. This will…

Richard Greiner (Photo: BDO)

Shipping Confidence Dips as Trade War Worries Weigh

Confidence in the shipping industry fell in the past three months to its lowest level for two and half years, according to the latest Shipping Confidence Survey from leading shipping adviser and accountant BDO. Yet owners, charterers and managers were more confident than they were at the time of the previous survey in May 2019.The average confidence level recorded by the survey in the three months to end-August 2019 was 5.8 out of a possible maximum of 10.0. This compares to the…

Map: CMA CGM

CMA CGM Set to Launch Guinea Gulf Express

French container transportation and shipping company CMA CGM plans to introduce its new product GUINEA GULF EXPRESS (GGX) service in complement of the current 6 weekly services as part of improving its  offer on the trade Europe and Mediterranean to West Africa strategic markets.The new Guinea Gulf Express is the second service from Gibraltar hubs linking European, Med and North America to Tema, Ghana, Nigeria Lagos port and Conakry, Guinea.It will provide perfect answers to Customers’ needs with transit times amongst the best on the market…

Photo: Port of Rotterdam Authority

Netherlands Completes New Waterway

The Directorate-General for Public Works and Water Management (Rijkswaterstaat) and the Port of Rotterdam Authority celebrated the completion of the deepening of the Nieuwe Waterweg and Botlek on Thursday (October 03).One of the busiest waterways in the Netherlands has been deepened by a metre and a half across a distance of 25 kilometres, said a press note from the largest port in Europe, located in the city of Rotterdam, Netherlands.The ceremonial opening of the deepened Nieuwe…