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Friday, November 27, 2020

Europe News

Source: Ocean Insights

Containershipping: Transshipment Ports see an Increase in October Cargo Rollovers

Strong demand for container shipping space on major trade lanes from Asia to Europe and North America saw cargo rollovers increase month-on-month in October as carriers struggled to keep ocean supply chains operating smoothly.Overall container rollover ratios at leading transshipment ports rose to 28.5% last month, up from 26.9% in September and 22.2% in October 2019, according to Ocean Insights.“This is supposed to be container shipping’s seasonal lull after the summer peak season…

Simon Judson (Photo: Peters & May)

Peters & May Appoints Judson as CEO

Marine transport and logistics provider Peters & May has appointed Simon Judson as its new CEO with immediate effect. A 20-year veteran of the marine industry, Judson previously held the position of Global Operations Director with the company. He joined the company in 2009 when Peters & May purchased Judson’s own marine logistics and yacht transportation company, Complete Freight.Based in the U.K. head office, Judson will oversee the company’s range of services currently delivered through 10 company offices and a network of global agents.

© Hor / Adobe Stock

WTO Sees Trade Rebound, But Likely Year-end Slowdown

The World Trade Organization said on Friday global trade in goods had rebounded in the third quarter from COVID-19 lockdowns, but predicted a slowdown at the end of 2020.The WTO said its goods trade barometer had risen to 100.7 points from a record low of 84.5 points in August, driven by a surge in export orders. A reading greater than 100 indicates above-trend growth.“The latest reading indicates a strong rebound in trade in the third quarter as lockdowns were eased, but growth is likely to slow in the fourth quarter as pent-up demand is exhausted and inventory restocking is completed…

Brent Perry, CEO of Sterling PBES is a 40+ year veteran of the marine business, and one of the pioneers in delivering battery solutions to boats and ships at sea.  Photo Courtesy Sterling PBES

Charging Ahead: Brent Perry & his Sterling PBES Team Drive Maritime Battery Tech

Brent Perry, CEO of Sterling PBES is a 40+ year veteran of the marine business, and one of the pioneers in delivering battery solutions to boats and ships at sea. Please give us a by the numbers look at Sterling PBES today?Right now we are sitting in a position where we had anticipated delivering somewhere in the neighborhood of $20-21 million worth of product, which is about 35 megawatt hours. And we’re scheduled to blow past that to almost $40 million. And we’re looking at the following year as a year of over a $100 million…

© momentscatcher / Adobe Stock

Global Crude Market Finds Support From China Demand

China, the global oil market's lifeline this year, has stepped up purchases from exporters like Russia, the United States and Angola in recent weeks, while buyers elsewhere pare orders as coronavirus infections surge and fresh lockdowns are put in place.China, the world's largest importer of crude, is the only major buyer expected to see increased oil demand this year as the pandemic destroyed consumption globally.With China's imports expected to reach 12 million barrels per day (bpd) next year…

© Andrej Pol / Adobe Stock

Suez Canal October Revenue Rises Month-on-month

Egypt’s Suez Canal revenue rose to $490.2 million in October from $470.7 million in September, the cabinet said on Thursday.The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government’s main sources of foreign currency.Reporting by Momen Saeed Atallah; writing by Nadine Awadalla; editing by Jason Neely

© VanderWolf Images / Adobe Stock

Container Freight Rates Soar

Global container shipping rates have surged to records on a spike in restocking demand in the United States and Europe, container scarcity at export hubs, and changes in freight flows because of the coronavirus pandemic, shipping sources said.The Freightos Baltic Global Container Index (FBX), a weighted average of 12 major global container routes, rose to $2,359 per forty-foot equivalent (FEU) container this week, the highest on record and up 30% since July 1."The spike is driven by very high demand for container freight since July…

(Photo: CMA CGM)

World's Largest LNG-fueled Containership Bunkers In Rotterdam

The world’s largest containership powered by liquefied natural gas (LNG) began its first gas bunkering operation in Rotterdam on Thursday, French shipping company the CMA CGM Group said.The CMA CGM Jacques Saadé, which has an 18,600 cubic meter tank, will be refueled with LNG while port handling operations are underway, marking the largest LNG bunkering operation ever undertaken for a containership.Once bunkering is complete, CMA CGM’s flagship will continue its maiden voyage…

(Image: ONE)

ONE to Launch New Europe-West Africa Service

Singapore-based container line Ocean Network Express (ONE) is to launch a new weekly Europe - West Africa Service (EWX) commencing in February 2021.ONE said the port rotation is subject to change, but is currently planned as follows: Hamburg – Rotterdam – Antwerp – Le Havre – Algeciras – Tangier – Dakar – Tema – Abidjan – Hamburg.By calling at Algeciras and Tangier ports, ONE will provide transhipment connections linking West Africa from areas such as the Mediterranean, North America and Asia.

Suba Sivandran (Photo: BMT)

Sivandran Named Managing Director of BMT Asia

Suba Sivandran has been appointed the new Head of Asia for BMT based in Singapore, a move that coincides with the organization’s growth initiative in the region launched this month. He will oversee all commercial operations with a focus on driving new business into more complex, emerging markets including defense, offshore renewable energy and marine infrastructure engineering and advisory offerings.With more than a decade of consulting experience throughout Europe and the APAC region…

© Igor Groshev / Adobe Stock

Traders Scout for Tankers to Store Diesel as Virus Spreads

Oil traders are scouting for newly built supertankers to store diesel for the next few months as they brace for lower demand in Europe amid renewed restrictions aimed at battling the COVID-19 pandemic, shipping and trade sources said.Trading companies, including oil majors, are making enquiries to charter very large crude carriers (VLCC) to carry diesel with 10 parts-per-million (ppm) sulphur for up to six months, they said, indicating that diesel floating storage could rise again.Several such supertankers…

© a_medvedkov / Adobe Stock

Arctic Shipping Creates Insurance Headaches as Routes Open

When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong.Double the manpower is needed to navigate. Lookout shifts are kept to just one hour, so sailors don't lose concentration and miss a mass of floating ice. Big icebergs show up on radar, but smaller, truck-sized "bergy bits"—even more dangerous—can be missed, the captain says.The cold can freeze equipment and the earth's magnetic field disrupts compasses. If anything goes wrong…

(Photo: Port of Halifax)

Port of Halifax's Extended Deepwater Berth Fully Operational

The extended South End Container Terminal in the Port of Halifax is now complete and is fully operational, having welcomed its first vessel, Zim Tarragona, on Friday.With the extension project finished, the South End Container Terminal operated by PSA Halifax now has the longest and deepest container berth in Eastern Canada with 800 meters continuous length and 16 meters depth. The recent installation of a new Super Post-Panamax (SPPX) crane, the largest in Eastern Canada, brings the total compliment of SPPX quay cranes at PSA Halifax to five.

Credit: Port of Rotterdam

Port of Rotterdam: Freight Volumes Improve in 3Q after Pandemic Slump

Freight volumes in the Port of Rotterdam improved in the third quarter after the deep slump caused by the coronavirus pandemic in the first half of the year, Europe's largest sea port said on Wednesday.Throughput of agribulk, iron ore, biomass and goods transported by trucks on ferries showed a marked improvement at the end of the third quarter, the port said, while the number of containers that arrived in Rotterdam also increased."Many segments showed a marked improvement in their throughput volumes in comparison with the second quarter"…

Ingrid Uppelschoten Sneldewaard, Svitzer's new COO as of December 1, 2020. Source: Svitzer A/S

Svitzer Names Uppelschoten Snelderwaard COO

On 1 December 2020, Ingrid Uppelschoten Snelderwaard will take up the role as global COO of Svitzer A/S, reporting to CEO Kasper Friis Nilaus. She will be based in Copenhagen.Uppelschoten Snelderwaard joins Svitzer from her current position as Global Head of Equipment and VP at Maersk and takes over from Svitzer’s current COO, Leonardo Sonzio, who will be moving on to become Maersk's Head of Fleet Operations.Uppelschoten Snelderwaard holds a degree in Economics and Languages from Hogeschool Zeeland, and a degree in Business Management from Nyenrode University in the Netherlands.

(Photo: Svitzer Europe)

Svitzer to Commence Operations in Emden, Germany

Towage operator Svitzer Europe announced it will start a new towage operation in Germany’s third-largest North Sea port from January 1, 2021. To fully service customers at the seaport of Emden, Svitzer will deploy two tugboats: the Svitzer Valand, a tractor tug with 45 tons bollard pull and part of the organization’s existing European fleet, and the newly purchased Svitzer Vestri, an azimuth stern drive tug with 60 tons bollard pull. Vestri is a newbuild from Turkish shipbuilder Med Marine…

(Photo: Hapag-Lloyd)

Hapag-Lloyd Sees Shipping Demand Recovering

German container shipping firm Hapag-Lloyd is benefitting from a rebound in transport demand but its chief executive warned about the longer-term impact on economic activity from the coronavirus."We see a recovery, which started probably some time in the course of third quarter, and we would expect that to continue going into 2021," chief executive Rolf Habben Jansen said in an embargoed briefing session with journalists held on Thursday."But there will be a clear long-term effect on the global economy from COVID-19…

Martijn van den Berg (Photo: Zuyderzee Capital)

Martijn van den Berg joins Zuyderzee Capital

Zuyderzee Capital, the specialized investment and advisory services company focused on maritime and logistics, announced a new strategic initiative intended to broaden the overall consulting service offering to its client base: Operational & Administrative Advisory.Martijn van den Berg joins the firm as Director responsible for the new business unit.Martijn joins Zuyderzee Capital having spent more than 24 years at ABN AMRO Bank and its predecessors including many years in the…

The 11th of HMM's 12 Megamax-24 containerships, HMM Le Havre, transits north through the Suez Canal on September 30, steering a course toward Rotterdam, ETA October 8. (Photo: HMM)

HMM's New Mega Ships Each Sailed Fully Loaded on Maiden Voyages

South Korean shipping company HMM said all 12 of its new 24,000 TEU containerships—the world's largest—have each made their maiden voyages fully laden with containers.On September 31, HMM St. Petersburg, the last of the 24K-class series, departed for Europe from the Port of Yantian, China with 19,529 TEUs loaded on board.Consequently, all 24,000 TEU ships delivered to HMM have been entirely filled with cargoes on their first voyages, starting with HMM Algeciras which carried a total of 19…

© mariusz / Adobe Stock

EU Taps Maritime Predictive Intelligence to Combat Drug Smugglers

Predictive Maritime Intelligence company Windward said it has partnered with The Maritime Analysis and Operations Center-Narcotics (MAOC (N)), an EU Law Enforcement unit created to respond to the threat of illicit drug trafficking by maritime and air conveyances. With air traffic down due to COVID-19, drug smugglers are relying heavily on maritime shipping to transport illegal contraband around the world, and Windward said its maritime intelligence platform will give MAOC(N) and…

© Sergei Skriabin / MarineTraffic.com

Thome Group, Carsten Rehder Form Ship Management JV

Singapore-base ship management firm Thome Group and German shipowner Carsten Rehder have agreed to cooperate in a joint venture to take over the ship management of the latter's owned and managed fleet of dry bulk, container and multipurpose vessels.The new company is to be called Thome Shipmanagement Germany GmbH & Co. KG with the Thome Group and Carsten Rehder as the two shareholders. The ship management staff at Carsten Rehder will be absorbed into this new joint venture.Carsten…

Historical growth and prospects of gas investment for short-, medium- and long-term ($ billion). Source: GECF Secretariat, based on data from the GECF GGM

Rolling the Dice in Chaos: The Prospects of Investment in the Gas Industry

As stated in the Declaration of Malabo at the 5th Summit of Heads of State and Government of the GECF Member Countries, in order to sustain the security of demand and supply of natural gas, it is necessary to ensure sufficient investments through the entire gas value chain among all gas market stakeholders [1].Since the start of 2020, every aspect of the global economy, including investment projects in natural gas industry, have been strongly hit by the outbreak of the Covid-19 pandemic.

(Photo: CMA CGM)

World's Largest LNG-fueled Containership Delivered

The world's largest containership to be powered by liquefied natural gas (LNG) has officially joined the fleet of French container shipping group CMA CGM, during a digital naming ceremony at CSSC’s shipyard in Shanghai.CMA CGM Group’s new flagship, CMA CGM Jacques Saadé, named after the group's founder, is the lead vessel in a series of nine LNG-powered, 23,000 TEU containerships ordered in 2017.Rodolphe Saadé, CMA CGM Group’s chairman and CEO, announced in November 2017 that the vessels would be equipped with LNG-powered engines…

© photobar / Adobe Stock

OSM Nears Deal to Acquire SeaTeam

Norway-based ship management company OSM Maritime said Monday that it is nearing a deal to acquire Singapore-headquartered competitor SeaTeam Management from Frontline Ltd and Golden Ocean Group Limited.The acquisition, which is in final negotiations and remains subject to definitive documentation, is expected to be completed within the next 30 days, OSM said.“We look forward to finalizing our agreement with Frontline and Golden Ocean, after engaging in a very constructive dialogue,” said Tommy Olofsen, chair of OSM Maritime.

CSL Frontenac loading grain at the Port of Thunder Bay. Photo Credit: Michael Hull, Chamber of Marine Commerce)

Grain Shipments via St. Lawrence Seaway Climb

Canadian grain shipments through the Great Lakes-St. Lawrence Seaway trade corridor are up 20% in response to continuing world demand for wheat and canola, the latest figures show.Year-to-date shipments of grain (from April 1 to August 31) totaled 5.2 million tonnes, as ships transported Prairie wheat and canola and Ontario wheat and soybeans for both domestic use and for export to markets around the world.The rush of grain, which is carry over from last year’s crops, has helped to offset continuing pandemic-related declines in other key cargoes such as iron ore (down 23%)…

© Nord Stream 2 / Axel Schmidt

Germany Offered to Build LNG Terminals to Avert US Pipeline Sanctions

Berlin offered to spend 1 billion euros ($1.2 billion) to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord Stream 2 pipeline, due to bring gas directly from Russia to Germany, Die Zeit reported on Wednesday.The weekly paper said Finance Minister Olaf Scholz made the proposal in an Aug. 7 letter before Washington imposed sanctions on companies involved in building the Baltic Sea pipeline, effectively freezing its…