AP Moeller Maersk Q3 EBITDA seen up 12 pct; Analysts Weigh In
AP Moeller Maersk third-quarter results are due on Wednesday, November 14th. The Q3 operating profit is forecast to be $371 million.A poll of forecasts for the Danish shipping group is emerging. Of the eight analysts who disclosed their recommendation on the AP MOELLERMAERSK stock, one answered Positive, six Neutral and one Negative. The following brokerages and investment banks participated in the poll:Handelsbanken Capital: UnderweightSydbank: HoldEquita SIM: HoldDrewry: HoldClarksons…
London Thamesport Eyes Short-Sea Container Hub Status
Hutchison Ports London Thamesport’s growing reputation as a short-sea container hub has been further enhanced by Helsinki-based Containerships plc’s introduction of a second weekly service from Gdynia, Poland.Containerships has chosen the Kent based port for its second direct service to and from the southern part of the UK. The service offers regular and fast connections with Poland, with improved service and transit times from Gdynia of 3-4 days and 4-6 days for the return journey.Mark Taylor…
Wallem Supports Polish Tall Ship’s Call to Hong Kong
Wallem Ship Agency was appointed to handle the recent call of the full-rigged Polish tall ship, the S.V. Dar Młodzieży to Hong Kong.The tall ship arrived in Hong Kong on October 26, 2018 and was berthed at China Merchants Wharf until 29th October. This stop in Hong Kong marked an official one on the ship’s round the world journey which will see it visit 21 ports in 18 countries.The Dar Młodzieży, a school sail training ship, was launched in 1981 at Gdansk shipyard in Poland. The ship is manned by a crew of 32, plus an additional 135 cadets, and is owned by the Gdynia Maritime University.
Polish Maritime Industry Gathers for Annual Maritime Economy Forum
More than 600 maritime professionals have gathered for the 18th annual Maritime Economy Forum, in the port city of Gdynia in Poland.The forum held at the Pomeranian Science and Technology conference center is now one of the biggest and most influential maritime events in Poland. The event saw representatives from Poland’s ship-building, ports, shipping, manufacturing and small business sectors attend. The forum hosted 30 speakers and witnessed a number of hard-hitting speeches…
Stena Nordica Enters Service on Karlskrona-Gdynia
Stena Nordica entered service as the fourth ship between Karlskrona and Gdynia on Saturday, further increasing capacity on the route to meet growing capacity demand for freight and passengers.Previously, the route was operated with three RoPax vessels and one cargo vessel. With Stena Nordica, the route is now operating with four RoPax vessels, which will provide freight and passengers with a choice of up to four departures a day from each port. The number of departures per week is now 46 which is a record on this route."We have had strong growth in recent years…
Container Shipping a 'Mixed Bag' - Drewry
South Asia container trade with Europe continues to outpace the Middle East, says Drewry in its Container Insight Weekly report.Container shipments in the combined eastbound Europe to the Middle East and South Asia trade performed well in the first quarter, rising by 5.2 percent year-on-year according to Container Trade Statistics. However, that aggregate rate hides two very different performances by the two destinations. CTS reports that inbound traffic to South Asia soared by 18 percent in 1Q18 to reach approximately 410…
Kalmar to Supply Customized RMGs at DCT Gdansk
Kalmar, part of Cargotec, has signed an agreement with Deepwater Container Terminal (DCT) Gdansk to supply three electrically powered rail-mounted gantry cranes (RMGs) with DCT specific customization. The order, booked in Cargotec's 2018 third quarter order intake, follows a recent DCT order of five Rubber-Tyred Gantry Cranes (RTGs) that took place in the first quarter of 2018. The RMG deliveries are scheduled to take place in the second half of 2019.DCT Gdansk is Poland's largest and fastest growing container facility…
Prof. Kurt Bodewig is European Coordinator for Motorways of the Sea
The European Sea Ports Organisation congratulates Prof. Kurt Bodewig on his nomination as European Coordinator for Motorways of the Sea and is looking forward to a fruitful cooperation to further enhance the European maritime transport dimension and the role of European ports within the future Connecting Europe Facility and the TEN-T network.The European Commission appointed three new TEN-T Corridor Coordinators, while the mandate of eight Coordinators has been extended.European…
DNV GL Performs Offshore Drone Survey
Classification society DNV GL said its surveyors have carried the group’s first offshore drone survey on the semisubmersible vessel Safe Scandinavia in the North Sea. The 25,383 GT tender support vessel (TSV) Safe Scandinavia is owned and operated by Prosafe, supporting Statoil’s drilling operations off the coast of Norway. Using camera-equipped drones, DNV GL’s drone pilots checked the TSV’s fairleads and their connection with the vessel’s two columns as part of the intermediate survey.
Stena Adds Vessel on Gdynia-Karlskrona Line
Stena Lines reports the number of units carried by its Baltic Sea South freight business increased significantly in the first eight months in 2017, following strong growth through 2016. This calls for increased capacity, and from Monday, August 28, a fourth ship, M/V Gute, has been taken into operation between Gdynia and Karlskrona. “Over these last few years we have experienced a very positive volume development and we believe this will continue and we are very happy to introduce a fourth ship since we are in need of extra capacity to be able to continue to grow.
New Baltic Ferry Route for Stena Line
The demand for freight capacity in the Baltic Sea has been growing steadily over the last number of years and Stena Line is supporting this growth through investing in a new route from Poland to Sweden, Gdynia-Nynäshamn, which will commence operations from October 16th 2017 with six trips a week. Stena Line has been operating the route from Gdynia to Karlskrona for over 20 years. The new route will operate its first sailing on October 16th and will be operated by the RoRo vessel Elisabeth Russ which is a freight only ferry carrying a mix of, trucks with drivers, trailers and containers.
Weak Oil Pushes SBM Offshore to Axe More Jobs
SBM Offshore's first-half results lagged analysts' expectations on Wednesday as challenging conditions persisted in the oil industry and the Dutch oil services company announced an additional 250 job cuts. It said it did not expect a full recovery in its business until 2018, after its revenues slid 40 percent in January-June. Oil and gas producers slashed their budgets in the past two years as crude oil prices tumbled, which in turn dented revenues and profits at oilfield service providers.
Hanjin Gets US Court Order, Cash to Unload Ships
A U.S. judge said on Friday he will grant Hanjin Shipping Co Ltd provisional protection from creditors in the United States, enabling some vessels to dock and unload at U.S. ports. South Korea's Hanjin asked U.S. Bankruptcy Judge John Sherwood to issue an order that would prevent creditors from seizing Hanjin ships or property, and allow cargo owners to make arrangements to retrieve goods stranded in warehouses. Sherwood said he would sign the order later on Friday. Earlier, the company received authority to spend the money needed to dock at U.S.
Hanjin Says US-bound Ship is Being Held 'Hostage'
A lawyer for Hanjin Shipping Co Ltd , the failed South Korean container carrier, said on Thursday a U.S.-bound vessel was held "hostage" by disputes over payments, adding to the struggles in getting $14 billion of cargo off its ships stranded at sea. "There is no clear visibility yet on what will happen with this business," Hanjin lawyer Ilana Volkov said at a hearing, when asked by U.S. Bankruptcy Judge John Sherwood whether Hanjin was liquidating. Hanjin, the world's seventh-largest container line…
Keel Laid for National Geographic Polar Ship
Lindblad Expeditions Holdings, Inc., a global provider of expedition cruises and adventure travel experiences, and Ulstein Group, Norwegian shipbuilder and ship designer, celebrated the keel laying of Lindblad’s first polar new build. The keel laying at the CRIST shipyard in Gdynia, Poland, marked a milestone in the construction of the sophisticated expedition ship, and served as the official naming ceremony of the line’s latest addition to the Lindblad-National Geographic fleet.
Hit-and-Run Container Vessel Caught in Malaysia
A runaway container vessel which was involved in a hit and run accident with two other vessels was seized by the Malaysia Maritime Enforcement Agency (MMEA) DM 7 Tanjung Sedili District in the waters of Tanjung Ramunia. The accident, which took place in the evening Feb 18 in Singapore Strait off Batu Ayam, Malaysia. Tankers TINA 7 and STRAITS 3 were anchored some 2.7 nm off the coast, when passing MV OLF hit them both, inflicting damages. The 40,000 dwt MV OLF didn’t stop or contacted damaged ships, and sailed away.
Rolls-Royce Expands in Rotterdam
Rolls-Royce opened its newly expanded and modernised Marine Service Centre in the Port of Rotterdam. The investment marks the latest stage in the development of a global Marine Service Centre network, which currently comprises dedicated repair activities in 34 countries, providing 24/7 support to customers worldwide. Rolls-Royce is making significant investments in global infrastructure and capability to deliver complex, integrated power systems and services for its marine customers.
Changes at PRS Helm
Polish Register of Shipping announces that the long-serving President of the Board of the classification society Dr. Jan Jankowski, and Board Member Jerzy Wyrzykowski are stepping down from their posts in June in 2013. They had been at helm of the Society for 16 years. Under their leadership PRS developed and instigated proceedings for passing a law in Polish Parliament to recognize Polish Register of Shipping as a non for profit organization, free of share holders commercial pressures, allotting the society’s income to development of the Society and R&D work for enhancing safety.
Surge in Traffic Between Hamburg and Poland
In the first half of 2011, seaborne container traffic between Hamburg and Poland experienced a particular surge by 38 per cent, to 114,000 TEU. In this context, imports and exports from/to Poland are very well balanced at 56,000 TEU and 58,000 TEU, respectively. With a volume of 2.6 million tons of seaborne cargo in the year 2010, Hamburg is one of the most significant North Range ports for Poland. The gratifying trend in container traffic in the first half of 2011 was the subject of a conference in Warsaw organised jointly by the Port of Hamburg Marketing Representative Office in Warsaw…
Rolls-Royce Opens New Service Center in Hamburg
Rolls-Royce opened a new Marine Service Center in the Port of Hamburg, Germany. The investment marks the latest stage in the development of a global marine service network. This year, with Hamburg, four new or expanded Marine Service Centres have been opened in major world ports. The Group now has dedicated marine sales and overhaul facilities in 35 countries, providing round-the-clock support to customers worldwide. This new facility further increases the Rolls-Royce footprint in Germany…
DCT Earns AEO Certification
DCT Gdansk said that on March 5, 2012, it became the first container terminal operator in Poland to receive the Authorized Economic Operator (AEO) certification. AEO is an international certificate established in 2008 by the European Commission to secure a smooth international trade flow accepted by Customs worldwide. Companies and institutions involved in the international movement of goods, such as importers, exporters, forwarders, ports, airports, terminal operators, etc. which have earned this certificate benefit from Customs simplifications as a result of being reliable partners.
Seafarers’ Charity Helps Abandoned Russian Crews
Apostleship of the Sea (AoS) in Poland stepped in to assist 59 abandoned Russian seafarers who were left in the lurch after the ship owner went bankrupt. The men were crew members of three ships - mv Vyritsa, mv Zarechensk and mv Braschaat. They learnt about their plight while they were out at sea. AoS Gdynia port chaplain Father Edward Pracz has been supporting them from the time their ships were anchored at the port in April. Fr Edward said, “The ships were taken over by the bank and there were delays in paying the crews’ wages.
5 Kalmar RTGs for GCT, Poland
Kalmar, part of Cargotec, has gained a further order for five of its latest generation zero emission rubber-tyred gantry granes (RTGs) from Gdynia Container Terminal (GCT) in Poland. The order follows the delivery of two similar machines earlier in 2014. The latest order was booked into Cargotec's fourth quarter intake with delivery scheduled for December 2015. GCT opted to specify the Kalmar solution as the 41 tonne capacity E-One2 Zero Emission RTG, which stacks 6+1 wide and 1-over-6 high.