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Sunday, September 22, 2019

European Union News

Pic: Port of Rotterdam

Ports Asks EU to Focus on Port Economy

Antwerp and Rotterdam Port Authorities asked new European Commission (EC) and Parliament to focus on the economic significance of ports.The energy transition and digitization are the two strategic challenges facing large industrial ports. The European Union can offer port authorities and industrial clusters important incentives to achieve the transition toward the CO2-neutral ports of the future.That is why Antwerp and Rotterdam Port Authorities have taken the initiative to organize a joint event for European policy makers…

Contecon Guayaquil SA, ICTSI's terminal in Guayas, Ecuador. Image: ICTSI

ICTSI Unveils Banana Transport Insurance Program

International Container Terminal Services (ICTSI) Ecuador has launched the first transport insurance program for banana trade.Contecon Guayaquil SA, the Ecuadorian subsidiary of ICTSI, will be providing banana-exporters with a comprehensive insurance program, increasing coverage for the transport. ICTSI claims that Contecon Guayaquil SA (CGSA) is the world’s biggest banana export port.Designed according to the needs of Ecuador’s export market – SIE, Ecuador’s first integral insurance…

Adobestock / © magicbones

UK Risks Losing Edge in Maritime Services

Britain's position as a top hub for maritime services is being eroded by competition, a loss of shipping finance business and the removal of tycoon-friendly tax breaks, a report said, deepening uncertainty for its financial sector as Brexit nears.The UK has been a pivotal global shipping centre for centuries, especially the City of London, and has dominated marine insurance, ship broking, shipping finance and other maritime services.These contribute $5.6 billion a year to Britain’s economy…

Pic: FESCO

Expansion for Far East and Trans-Siberian Railway

FESCO Transportation Group, the largest intermodal transport operator in Russia, and Polish rail operator PCC Intermodal S.A. agreed on developing services of expedited cargo delivery from Japan, South Korea and China to European countries and vice versa through the Far East and Trans-Siberian Railway.The agreement of intent was signed during the Eastern Economic Forum.Using their experience and expertise, the companies are going to work on increasing the volumes of transit cargo shipped with Trans-Siberian Landbridge service launched this summer…

File Image: the former Grace 1 underway (MarineTraffic.com)

Iranian Tanker Deviates from Turkish Destination

Iranian tanker Adrian Darya, at the centre of a dispute between Washington and Tehran, has changed course away from the Turkish coast, Refinitiv ship tracking data showed on Thursday.The tanker, formerly called Grace 1, was released from detention off Gibraltar in mid-August after a five-week standoff over whether it was carrying Iranian oil to Syria in violation of European Union sanctions.A Turkish official told Reuters earlier on Thursday that the Iranian tanker had not entered Turkish waters.

File Image: the former M/T Grace 1 at sea (CREDIT: MarineTraffic.com)

Iran: Oil Sold from Tanker Released by Gibraltar

Iran has sold the oil from a tanker released by Gibraltar after weeks in the custody of British Royal Marines and the vessel's owner will decide on its next destination, IRIB news agency quoted an Iranian government spokesman as saying on Monday.Separately, Tehran - embroiled in a spiralling confrontation with Washington over U.S. sanctions meant to strangle Iranian oil exports - announced that it had deployed a naval destroyer with cruise missiles to help secure Iranian ships.The Iranian government spokesman did not identify the recipient of the oil carried by the Adrian Darya tanker.

Image: Leclanché

World’s Largest Electric Ferry Completes Maiden Voyage

E-ferry Ellen, the world's largest all-electric ferry,  made its first commercial trip connecting the ports of Søby and Fynshav (Denmark).Switzerland-based battery system provider Leclanché SA has powered the vessel, capable of carrying approximately 30 vehicles and 200 passengers,  with a capacity of 4.3MWh.Participating in this event celebrating the first scheduled ferry service between the two Danish islands were the respective mayors of the two municipalities, Ole Wej Petersen of Aerø and Erik Lauritzen of Søndeborg.E-ferry Ellen is expected to be fully operational within a few weeks.

Attendees represent the competition authorities responsible for regulating international liner shipping in the world’s largest liner trade lanes.

Fourth Global Regulatory Summit Held at FMC

Senior government officials from the European Union (EU), the People’s Republic of China (PRC), and the United States met Wednesday at the Washington, D.C. headquarters of the Federal Maritime Commission (FMC) to participate in the Fourth Global Regulatory Summit.Attendees represent the competition authorities responsible for regulating international liner shipping in the world’s largest liner trade lanes. The delegations were led by Director Henrik Morch from the Directorate General for Competition of the European Commission and Deputy Director-General YI Jiyong of the Water Transport Bureau…

The EXXON refinery at the port of rotterdam (File Image / CREDIT EXXON)

Rotterdam Port Traffic at Record Volume

Trade volumes at the port of Rotterdam reached a record in the first half of the year, as Europe's largest port handled more container goods and imports of oil and liquefied natural gas (LNG).The Dutch port was cautious about prospects for the rest of the year, however, as international trade tensions and the uncertainty surrounding Brexit look set to curb traffic in the months to come."Relations between the world's major trading blocs remain strained and there is ongoing uncertainty about the introduction of trade tariffs post-Brexit"…

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…

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"…

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…

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…

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.

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: 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…

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)…

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…

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…

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.