28649 members and growing – the largest networking group in the maritime industry!

LoginJoin

Sunday, May 19, 2019

European Union News

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…

Image: AdobeStock © Nightman 1965

UK Shipping Lobby: 'Get a grip on Brexit'

British businesses implored politicians on Monday to stop quarrelling over Brexit and agree an orderly exit from the European Union, as some big firms set up emergency situations rooms to cope with the possible tumult of a no-deal divorce.With less than nine weeks until the United Kingdom is due by law to leave the European Union on March 29, there is no agreement yet in London on how and even whether to leave the world's biggest trading bloc.Parliament rejected Prime Minister Theresa May's Withdrawal Agreement…

P&O to Re-flag UK ships to Cyprus ahead of Brexit

British ferry and shipping freight operator P&O will re-flag its entire UK registered fleet to Cyprus ahead of Britain’s departure from the European Union to keep tax arrangements in the bloc, the company said on Tuesday.Last month P&O said it was re-flagging two of its UK ships operating on the English Channel route to France to the Cyprus registry."In advance of Britain leaving the European Union on March 29, 2019, we undertook a review of the flag status of our ships on the English Channel," a P&O spokesman said in a statement on Tuesday."For operational and accounting reasons, we have conc

Paul Jennings (Photo: North P&I)

BREXIT: North P&I Gets OK for Dublin Brexit Hub

British ship insurer North has received regulatory approval from Ireland's central bank for a new subsidiary in Dublin to ensure continued access to trade in the European Union in case Britain loses single market access, the firm said on Friday.North, which has its headquarters in the northern England city of Newcastle, is the first specialist Protection and Indemnity (P&I) club to announce regulatory approval for Brexit trading arrangements in the EU. It said a team of senior…

Image: SEA\LNG

LNG REPORT: LNG Bunkering Vessels Rise to Nine, 30 More to Come

The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG,  the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, from limited availability at select ports, LNG bunkering has grown to encompass 24 out of the world’s top 25 and all but one of the top ten bunker…

Julien Dufour, Chief Executive Officer. Photo: Verifavia Shipping

Verifavia Shipping Leads in EU MRV and IMO DCS IT System Certification

Verifavia Shipping claimed success in the independent certification of IT systems and solutions designed to support compliance with the International Maritime Organisation’s (IMO) Data Collection System (DCS) regulation and European Union (EU) Monitoring Reporting and Verification (MRV).With both regulations now in force, increasing numbers of IT systems are available to assist ship owners and operators in collating and reporting emissions data, all of which need to strictly adhere…

Pic:  International Maritime Bureau’s (IMB)

Global Piracy Up in 2018, Gulf of Guinea Leads

Piracy increased on the world’s seas in 2018, with a marked rise in attacks against ships and crews around West Africa, the International Chamber of Commerce’s International Maritime Bureau’s (IMB) latest annual piracy report reveals.Worldwide, the IMB Piracy Reporting Centre (PRC) recorded 201 incidents of maritime piracy and armed robbery in 2018, up from 180 in 2017.The Gulf of Guinea remains increasingly dangerous for seafarers. Reports of attacks in waters between the Ivory Coast and the Democratic Republic of Congo more than doubled in 2018…

Ahead of Brexit, ABP Increases Investment in Port of Hull

Port operator Associated British Ports (ABP) said on Monday it had boosted investments at its Port of Hull, bringing the total to 250 million pounds ($321.78 million) since the country's 2016 decision to leave the European Union.ABP said it was working to support businesses that are anxious about a no-deal Brexit and the potential "severe disruption" that it may cause with the March 29 exit date ticking closer."We have already seen volumes begin to rise at our ports on the Humber as customers look for alternatives to Dover," said ABP, which has 21 ports across England, Scotland and Wales.Prime

Maria Anagnostou. Photo: DFDS

DFDS Gets Brexit Contract by the UK

Danish shipping and logistics company DFDS has been awarded a contract by the UK government to provide additional ferry capacity in the North Sea.Maria Anagnostou, Fleet Management, will be responsible for handling DFDS’ contract about additional ferry capacity in the North Sea with UK Department for Transport.The  UK Department for Transport announced that it had signed a contract with DFDS to provide additional ferry capacity to prepare for “the possibility of severe congestion at and around UK ports from 29.3.2019…

The port of Calais (CREDIT AdobeStock / © Claude Wangen

Calais Expects Little Disruption from 'no-deal' Brexit

Britain leaving the European Union without an agreement over its future relationship with the bloc will not create delays at the French port of Calais, the port's chief said on Wednesday, despite concerns raised over potential logistical chaos.Dover is Britain's main gateway to Europe, with up to 16,000 trucks a day passing through to Calais at peak times, transporting everything from perishable food to medicines and industrial goods needed to keep factories running.Jean-Marc Puissesseau…