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Friday, July 19, 2019

European Union News

File Image of the Stena Impero (CREDIT: MarineTraffic.com / © Erwin Willemse

Iran: British-flagged Tanker Seized in Gulf

Iran's Revolutionary Guards said on Friday they had captured a British-flagged oil tanker in the Gulf after Britain seized an Iranian vessel earlier this month, further raising tensions along a vital international oil shipping route.Britain said it was urgently seeking information about the Stena Impero after the tanker, which had been heading to a port in Saudi Arabia, suddenly changed course after passing through the Strait of Hormuz at the mouth of the Gulf.The Revolutionary…

File Image: M/T "Grace 1" / credit MarineTraffic.com

Iran: UK Tanker Detention a 'threatening act'

Britain's detention of an Iranian tanker last week was a threatening and incorrect action, Iran's Defence Minister Amir Hatami said on Monday in a speech broadcast live on state television.Royal Marines seized the tanker on Thursday for trying to take oil to Syria in violation of European Union sanctions, a dramatic intervention that sparked Tehran’s fury and could escalate its confrontation with the West.Gibraltar received permission from its supreme court to hold the tanker for 14 days…

Photo: CMA CGM

Shipping Firms Drop UK Flag as Brexit Looms

Companies are leaving Britain's shipping registry due to uncertainty over Britain's departure from the European Union and future commercial arrangements with the bloc, industry officials say.All commercial ships have to be registered, or flagged, with a particular country partly to comply with safety and environmental regulations. Shipping companies in many so-called "flag states" pay corporation tax based on vessel tonnage rather than profit.Britain's ship registry forms part…

3D rendering of the Water-Go-Round. Photo credit Incat Crowther

IMO 2020: Hydrogen's Future in Maritime

Hydrogen fuel cell technology to Satisfy Future IMO RequirementsWith an ongoing push by the maritime community to reduce ship emissions to satisfy IMO MARPOL Annex VI regulations and limit the sulfur content of ships from 01 January 2020 to 0.5 percent world-wide, many ship owners are starting to consider hydrogen fuel cell technology to satisfy evolving emissions regulations. To date, hundreds of millions of dollars have been spent on research programs to utilize hydrogen fuel cells for transportation.

Photo courtesy of Damen

Damen Signs Contract for Nine SAR Boats

At a signing ceremony held at the International Organization for Migration (IOM) offices in Ankara, Turkey, Vladimer Gvilava, chief of mission IOM in Turkey, and Boran Bekbulat, Damen sales manager Turkey, signed a contract for the building and delivery of nine Damen SAR 1906 search and rescue boats for the Turkish Coast Guard Command.Financed by the European Union, these 19-meter boats will be in addition to the six vessels of the same class ordered in 2016, which were delivered to Turkish Coast Guard Command the following year.

Paskov Terminal Completes Stage III Expansion

Advanced World Transport (AWT), a member of the PKP CARGO Group,  the largest rail freight carrier in Poland and a leading rail freight carrier in the European Union, has completed stage III of The Paskov Terminal modernization in the Czech Republic.A modern intermodal transshipment point in Paskov of 70,000 m2, with the capacity of 4,800 TEU and rail tracks of 3x 270 m and 2x 375 m is situated close to industrial zones and borders with Poland and Slovakia. In the Paskov Terminal…

ITS Carlo Margottini carries out a passing exercise with the Royal Navy of Oman while working with Operation Atalanta, countering piracy off the Horn of Africa. Photo: EUNAVFOR

Farewell to Carlo Margottini

European Union’s first naval operation Operation Atalanta, launched in 2008 to prevent and deter piracy at sea off the Horn of Africa and in the Indian Ocean, said farewell to ITS Carlo Margottini on May 30, 2019.For the past three months, the Italian warship (hull number F592) has worked alongside the ESPS Navarra, countering piracy and monitoring fishing activities off the coast of Somalia. Previously, the ITS Carlo Margottini sailed with EU NAVFOR Operation Atalanta from 5 April to 6 August 2018.The frigate ITS Carlo Margottini is the third ship of the Bergamini Class…

CREDIT Maersk

Trade Tension Hurts Shipping, Maersk Warns

A.P. Moller-Maersk, the world's largest container shipping company, warned on Friday that trade tensions and an economic slowdown are slowing growth in global freight.Maersk, which is seen as an indicator of global trade patterns, cut its forecast for global growth in container traffic this year due to the trade dispute between the United States and China."The recent escalation of the trade war induced by an increase in tariff rates and threats of implementing additional tariffs could take global container trade growth to the lower end of the 1-3% interval (range)…

Isabelle Ryckbost. Photo: ESPO

Ports Push for Smart Europe

European ports have prepared a memorandum emphasising the role port managing bodies can play as facilitators of the port ecosystem in view of the European elections, which will lead to a new Commission, a new European Parliament and a new vision for Europe.The representative body of the port authorities, port associations and port administrations of the seaports of the member states of the European Union and of Norway, European Sea Ports Organisation (ESPO) has prepared a "ESPO memorandum"…

Photo: CMA CGM

CMA CGM Launches Reefer Pharma Division

CMA CGM Group, a leader in shipping and logistics, has announced the launch of its new Reefer Pharma division, specially dedicated to temperature-controlled shipping of pharmaceutical products and boasting advanced expertise.A dedicated team of experts in close proximity to customersFor organizing and closely monitoring the shipping of this highly sensitive cargo, CMA CGM provides its customers with a dedicated team of experts who ensure 24/7 monitoring from the Group's head office in Marseilles…

File Image: A P&O Ferry / Credit P&O

Cancelled Ferry Contracts Renew Push for Grayling's Resignation

Britain's transport minister was under fresh pressure to resign after the government stacked up a 50 million pound ($65 million) loss for cancelling contracts to charter extra ferries to bring in essential supplies in the event of a no-deal Brexit.The decision to award the contracts has been a major political embarrassment after it emerged the government handed out a 14 million pound contract for extra ferries to a company that owned no ferries and published terms and conditions on its website that appeared to be for a takeaway food business.Then…

Captain Dwain E. Hutchinson (Photo: BMA)

BMA Appoints Hutchinson as MD, CEO

The Bahamas Maritime Authority (BMA) announces the appointment of Captain Dwain E. Hutchinson as its Managing Director and Chief Executive Officer. Captain Hutchinson succeeds Commodore Davy F. Rolle, who stepped down as Director last year.Captain Hutchinson is a proud Bahamian from Nassau, New Providence island, where he completed his tertiary education before commencing his maritime studies in Scotland at Glasgow College of Nautical Studies. Qualified with a UK Master Mariner (Unlimited) STCW Certificate of Competency…

Pic: International Chamber of Shipping (ICS)

Key Shipping Bodies Strengthen Ties

The International Chamber of Shipping (ICS), the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA) signed a joint memorandum of understanding in Singapore.The new MOU codifies the extensive level of co-operation that already exists between these important international trade associations and provides a framework for their closer co-operation, said a press release. The three associations collectively represent over 90 percent of the world merchant fleet.

File Image: AdobeStock / © Nightman 1965

Trade Hopes Buoy World Shares

Cautious optimism over Sino-U.S. trade talks underpinned global stocks on Friday as benchmark bond yields ground higher and lifted the dollar to a three-week high against the yen ahead of U.S. job data.U.S. President Donald Trump said on Thursday a trade deal with China might be announced within four weeks, although he warned that it would be difficult to allow trade to continue without an agreement. Chinese President Xi Jinping reportedly said progress was being made and called for an early conclusion of talks.The pan-European STOXX 600 index nudged higher…

Growth for the mobile harbour crane range: The new LPS 420 E is a purely electric gantry crane and operates completely emissions-free (Photo: Liebherr)

Liebherr Turnover Tops $11 Billion

The Liebherr Group notched up a company record turnover of $11.8 million in 2018, representing an increase of $828 million, or 7.5 %, compared with the previous year.Despite a slight decline in overall economic growth, revenues from construction machinery and mining equipment rose by 10.8 % to $7,761 million, with especially strong contributions from the Earthmoving, Mobile Cranes and Mining divisions. In the other product areas, which include Maritime Cranes, Aerospace and Transportation Systems…

Acontainership delivers cargo at the port of Savannah, GA (CREDIT: GPA)

Trump: China Trade Deal to Probably Happen

U.S. President Donald Trump said trade negotiations with China were progressing and a final agreement "will probably happen," adding that his call for tariffs to remain on Chinese imported goods for some time did not mean talks were in trouble.Trump, in a television interview aired on Friday, also said he expected to keep a 25 percent tariff on the European automobile sector amid separate ongoing trade talks with the European Union."Our deal is coming along very well. We'll see what happens," Trump told Fox Business Network. "I think the deal will probably happen.

Image: Organisation for Economic Co-operation and Development

Fakes Make Up 3.3% of Global Trade

Trade in counterfeit and pirated goods, mostly originated in China, has risen steadily, posing a major challenge in an innovation-driven global economy, revealed a new study.Trade in counterfeit and pirated goods has risen steadily in the last few years – even as overall trade volumes stagnated – and now stands at 3.3% of global trade, according to a new report by the Organisation for Economic Co-operation and Development (OECD) and the EU’s Intellectual Property Office.Trends…

Pic: Port of Amsterdam

IJmuiden Preps for No-deal Brexit

To keep traffic flowing around the ferry terminal in IJmuiden Seaport, Netherlands, in the event of a no-deal Brexit, preparations are underway for a temporary lorry parking location.According to a press release from the Port of Amsterdam Authority, a plan is also being drawn up to ensure that traffic flows smoothly. The measures are intended to minimise delays caused by additional customs formalities at the ferry terminal and to secure the transit of goods to and from the UK.The…

A refinery in the port of rotterdam (File image / CREDIT: Exxon)

Rotterdam Port Prepares for Brexit Gridlock

Emergency overflow parking spaces for up to 700 trucks have been created near Rotterdam port, Europe's largest, in anticipation of backups caused by Britain's departure from the European Union.Authorities in the Netherlands said on Monday they expect around 400 trucks per day destined for Britain will arrive at the harbour without proper customs paperwork after the March 29 Brexit day.Five overflow areas have been designated where trucks can park and drivers can file the proper…

World Shares Higher on US-China Deal Hopes

Global shares rose on Monday amid growing optimism the United States and China will reach a trade agreement as soon as this month.U.S. President Donald Trump and Chinese President Xi Jinping might seal a formal trade deal around March 27, given progress in talks between the two countries, the Wall Street Journal reported on Sunday.The two nations have imposed tit-for-tat tariffs on billions of dollars worth of each others' goods, roiling financial markets, disrupting manufacturing supply chains and shrinking U.S.

File Image: AdobeStock / © Redindie

World Shares Higher on US-China Deal Hopes

Global shares rose on Monday amid growing optimism the United States and China will reach a trade agreement as soon as this month.U.S. President Donald Trump and Chinese President Xi Jinping might seal a formal trade deal around March 27, given progress in talks between the two countries, the Wall Street Journal reported on Sunday.The two nations have imposed tit-for-tat tariffs on billions of dollars worth of each others' goods, roiling financial markets, disrupting manufacturing supply chains and shrinking U.S.

File Image (CREDIT: Maersk)

Maersk: Firm Cleared in U.S. Shipping Investigation

A.P. Moller Maersk said on Tuesday a U.S. Department of Justice (DoJ) investigation into the practices of container shipping companies had closed and the group was released from any obligations.In 2017, the DoJ ordered top executives from several container shipping lines including Maersk to testify in an antitrust investigation over practices by an industry that is the backbone of world trade."We are pleased to confirm that the United States Department of Justice has closed its…

File Image: CREDIT P&O

DP World buys back P&O Ferries for $421 mln

DP World has bought back British ferry and shipping freight operator P&O Ferries for 322 million pounds ($421 million), more than a decade after it sold it.DP World acquired the British shipping and logistics company in 2006 but soon sold off some assets, including P&O Ferries to its major shareholder, state holding company Dubai World.DP World announced on Wednesday it was buying the company, and a spokeswoman later told Reuters it had bought it back from Dubai World.Dubai World was at the heart of the emirate’s financial crisis at the turn of the decade and was forced to restructure around $

© Jelle van der Wolf / Adobe Stock

Port of Rotterdam Braces for Brexit Impact

A no-deal Brexit could lead to serious problems in Rotterdam, Europe's largest port, which handles around 40 million tonnes of goods to and from Britain every year, port authorities said on Thursday.Britain's departure from the European Union without an agreement on the terms of its separation remains a possibility. That would create major traffic jams at Rotterdam as it scrambles to create parking for trucks lacking the right paperwork and for inspections of goods arriving from the UK…

© windy Li/AdobeStock

Mnuchin: China Talks "So far, so good"

U.S. Treasury Secretary Steven Mnuchin said talks with China went well on Wednesday, as the world's two largest economies try to iron out an agreement to resolve their trade dispute."So far, so good," he said when asked by reporters on how the meetings in Beijing went. He did not say who he met.Mnuchin said earlier he hoped for "productive" trade meetings as the two countries seek to end a festering dispute that has seen both sides level tariffs at one other.U.S. tariffs on $200…

Photo courtesy of Stena

Transport Firms Reviewing UK-registered Ships Ahead of Brexit

Sweden’s Stena and Bermuda-registered Stolt-Nielsen are reviewing their UK-registered ships ahead of Britain’s departure from the European Union, the two leading transport companies told Reuters separately on Wednesday."In the light of the Brexit process we are considering whether the UK flag can become a possible issue for us when it no longer will be an EU flag post the 29th March 2019, but we have taken no decisions and are reviewing different scenarios," said Ian Hampton, chief people & communications officer and Brexit spokesperson for Stena Line.A spokeswoman for Stolt-Nielsen…