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Monday, December 9, 2019

Latin America News

Pic: International Maritime Organization (IMO)

Training for L. American Maritime Leaders

A regional workshop organized by International Maritime Organization (IMO) has provided senior maritime administration officials in Latin America with the latest information on current and future developments at the Organization.The workshop for the regional maritime authorities networks, ROCRAM and ROCRAM-CA was held at IMO Headquarters in London (26 November) in the margin of the 31st IMO Assembly.The 28 participants received detailed information about the activities within…

Pic: Kalmar

Kalmar Signs Pact with Baja Ferries

Kalmar, part of Cargotec, has signed an agreement with Mexican ferry operator Baja Ferries to supply 20 terminal tractors for use in RoRo port operations.The order, which was agreed through Kalmar’s Mexican distributor Tracsa/Sitsa, was booked in Cargotec's 2019 Q3 order intake, with delivery scheduled to take place during Q1 2020.Baja Ferries is a leading provider of cargo and passenger ferry services in Mexico, offering integrated and multimodal logistics solutions. The company’s…

Masaya Hasegawa, Representative Director of Shizen Energy and David Povall, Executive Vice President, Development of Northland. Photo: Shizen Energy

Northland, Shizen Join Forces for Japanese OWP

Canadian energy company Northland Power and the Japanese provides renewable energy project development services Shizen Energy have agreed to set up a joint venture to develop offshore wind projects in Japan.Under the terms of the agreement, the partners will establish a 50:50 joint venture (Chiba Offshore Wind Inc.), which will serve as the development vehicle for the projects. The joint venture is pursuing projects that have a combined capacity of approximately 600 megawatts…

Image: Hapag-Lloyd

Hapag-Lloyd Expands Atlantic Loop 3

German international shipping and container transportation company Hapag-Lloyd AG announced that it is expanding fleet on Atlantic Loop 3 service between the US and Europe."Our Atlantic Loop 3 Service (AL3) fleet is growing with the addition of the 4,248 TEU vessel “Rio Grande Express” sailing between the United States and Europe," the cargo container shipping line said in a statement."Upgrading to a 6 vessel rotation will improve the reliability of the AL3 service for our customers and support our strategy of being number one for quality…

Ian Barrie  (Photo: Danfoss Drives)

Danfoss Drives Appoints Head of Sales for Americas

Danfoss Drives has named Ian Barrie as its new Head of Sales for the Americas. In this position, Barrie will continue to build and develop strong regional sales channels and verticals for Danfoss Drives’ business within North America and Latin America.Previously, Barrie was Head of Global Key Accounts for Danfoss Drives. He has an extensive 25-year history with Danfoss, wherein he has held several regional and global positions in sales, marketing, and business development. He will be based out of the Danfoss Drives’ Loves Park…

Pic: Oldendorff Carriers

Lydia Oldendorff Sets Record

The largest German bulk carrier company Oldendorff Carriers GmbH, which operates around 700 ships, said that its Lydia Oldendorff (207,562 tdw built 2015) has set a record as the largest vessel to load coal at Puerto Bolivar, Colombia.The Newcastlemax vessel has a length of 300 meters and a breadth of 50 meters and was loaded on a trial cargo draft of 17.5 meters. The cargo loaded is destined for Flushing, in the port of Antwerp in Belgium, where it will again be the largest vessel to enter the port.Oldendorff Carriers currently operates a fleet of about 65 modern eco-Newcastlemax (203-211…

Image: Prosafe

Norway Rejects Prosafe-Floatel Merger

The Norwegian Competition Authority has rejected the proposed merger between Scandinavian offshore accommodation/construction support providers Prosafe and Floatel.Oslo-listed accommodation services player Prosafe in a press release said that it will study the decision in detail, and expects to decide on whether to appeal shortly and within the deadline within three weeks.The company owns and operates semi-submersible accommodation vessels operating at present in the North Sea…

Photo: IMO

EU/IMO Global Project Drives Energy Efficiency

The GMN global network of maritime technology cooperation centers has completed numerous pilot projects over the past three years, helping to drive forward the changes which are required to reduce GHG emissions from shipping. A global network of maritime technology cooperation centers has completed an impressive array of pilot projects over the past three years, helping to drive forward the changes which are required to reduce GHG emissions from shipping.Five regional Maritime…

Photo: ITF

ITF Expands into Asia Pacific

The International Transport Workers' Federation (ITF) has established its latest Contacts Network, covering Bangladesh, Cambodia, Malaysia, Myanmar, Pakistan, Papua New Guinea, the Solomon Islands and Thailand.ITF has seen a significant increase in seafarers requesting assistance from countries without an inspector or contact, in recent years.Attempting to resolve these requests is often challenging due to several factors, including the local political context and the effectiveness…

Image: Port of Antwerp

Antwerp Port Freight Volume Up

The total freight volume handled by Port of Antwerp rose from January through September 2019 by 1.1% compared with the same period last year. The container volume (in TEU) was up by as much as 6.4%.However the slowdown in the world economy reduced the growth rate of more volatile trade flows such as conventional break-bulk, liquid bulk and vehicles. On the other hand the volume of dry bulk such as scrap metal, minerals and coal soared by 9.5%, further propelling the overall freight…

Pic: Hapag-Lloyd

Hapag-Lloyd Opens New South Europe HQ

German cargo container shipping line, Hapag-Lloyd AG, officially opened its headquarter for the new region.CEO Rolf Habben Jansen presented the keys of the office complex in Genoa (Italy) to the new Senior Managing Director Juan Pablo Richards.During the opening event, Habben Jansen explained the motivation to create a new region: “After our merger with UASC in 2017 the Mediterranean region has gained more importance for us. That's why we are eager to bolster our competitive position…

Image: DP World

DP World Becomes a Full Logistics Operator in Peru

DP World, a Dubai-based global port operator, announced that it has expanded its business in Peru into a fully-integrated maritime and logistics operation.It has completed the development of the first phase of the deepwater port of Posorja in Ecuador for around $538 million. The whole project is estimated to cost around $1.2 billion.The development of the port by DP World will make Ecuador a trade and logistics hub for South America’s west coast. It will also see large container ships with capabilities exceeding 10…

Pic: IMO

Latin America Empowers Maritime Women

International Maritime Organization (IMO), with support from Malaysia, has given fresh impetus to an important regional network helping to promote women in the maritime community in Latin America.At a meeting in Colombia, (18-20 September 2019), the network of Women of the Maritime Authorities of Latin America (MAMLa) was put on a firm foundation. Maritime Authorities include Argentina, Brazil, Bolivia, Costa Rica, Chile, Colombia, Cuba, Dominican Republic, Ecuador, El Salvador…

Map to show the location of SPEC LNG. Avenir LNG

Colombia's SPEC LNG Expands

Colombia´s LNG Import Terminal Sociedad Portuaria El Cayao (SPEC LNG) has signed a joint development agreement with Calamari LNG, Avenir LNG and Höegh LNG on providing additional LNG services at the Cartagena import facility.The additional services planned to be provided directly from the FSRU Höegh Grace include, among others, cool down of conventional LNG carriers and reloading of small LNG cargoes for onward distribution throughout Latin America and the Caribbean.Jose Castro…

Image: DNV GL

Natural Gas to be 29% of World’s Energy Supply by 2050

The global oil demand will peak in the mid-2020s and gas demand will keep rising to 2033, says DNV GL.Gas demand will then plateau, and the fuel will remain dominant until the end of the forecast period in 2050, when it will account for over 29% of the world’s energy supply, it said.Significant investment will be required to ensure production meets demand, including realising the potential from stranded gas reserves and for reserve replacement. DNV GL forecasts global upstream gas capital expenditure to reach USD 737 billion (bn) in 2025…

File Image: AdobeStock / © Carabay

McQuilling Mid-Year Tanker Market Outlook

McQuilling Services Announces the Release of the 2019 Mid-Year Tanker Market Outlook Update.The Mid-Year Tanker Market Outlook Update provides an outlook on the global tanker market in the context of global economic growth and oil fundamentals influencing tanker demand and vessel supply. The outlook includes a view on future asset values, time charter rates, market freight rates and TCE revenues for 24 major tanker trades and four triangulated routes across eight vessel segments for the second half of 2019 through the remaining four years of the forecast period 2019-2023.

Photo: Maritime and Port Authority of Singapore

Singapore Hosts Port Management Program

The largest cohort of 27 port masters, harbour masters and middle managers from maritime and port authorities from Africa, Asia, the Caribbean, Europe, Latin America and Oceania attended the sixth Maritime and Port Authority of Singapore (MPA) Academy’s Port Management Program (PMP).Developed and organized by MPA Academy, the five-day Program will be delivered by industry practitioners as well as senior officers from the MPA. Some of the key subjects that will be covered during the Program include maritime safety…

Pic:  UNCTAD

Shanghai Ports Tops in Connectivity

The Shanghai port has topped UNCTAD’s 2019 ranking of the world’s best-connected ports, released yesterday (7 August).The Chinese port garnered a connectivity score of 134 points, followed by the ports of Singapore (124.63 points), Pusan (114.45 points) in Korea and Ningbo (114.35 points), also in China. The index is set at 100 for the best-connected port in 2006, which was Hong Kong, China.Besides the Asian ports, the other ports on the top 10 list are those of Antwerp (94 points) in Belgium and Rotterdam (93 points) in the Netherlands.

Photo: Panama Canal Authority.

Panama Canal, UN Join Forces on Climate Action

The Panama Canal and UN Environment signed a cooperation agreement today to join efforts on sustainable development and combatting climate change.Signed by the Administrator of the Panama Canal Jorge L. Quijano and the Regional of UN Environment in Latin America and the Caribbean Leo Heileman, the agreement includes the exchange of experiences and knowledge, the development of programs and research in areas of shared interest, and human resources training across both institutions.The…

Chris Connor, AAPA's incoming CEO

AAPA Selects Christopher Connor as its New CEO

Former ocean carrier executive is association’s unanimous choice.The American Association of Port Authorities (AAPA), the unified and recognized voice of seaports in the Americas, announced today that it has unanimously chosen Christopher J. Connor as the association’s next president and chief executive officer.Mr. Connor, the former Global CEO of Wallenius Wilhemsen Logistics (WWL) will begin transitioning into his new role on September 23, eventually succeeding Kurt Nagle, AAPA’s president and CEO since 1995.Mr.

Pic: Hapag-Lloyd

Hapag-Lloyd Pays Off Bond

German container shipping major Hapag-Lloyd AG has decided to fully redeem the outstanding EUR 280 million in aggregate principal amount of its outstanding 6.75 percent senior note due 2022 on 24 June 2019 at a fixed redemption price of 103.375 percent.The redemption will be done predominantly from available cash. EUR 100 million of the EUR 280 million will be paid from a drawdown of a CDS-based credit facility."The complete repayment of this senior note ahead of maturity is a clear step forward towards further deleveraging and optimizing our capital structure.

Brazil Minister of Foreign Affairs, Ernesto Henrique Fraga Araujo (right) with DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem (left) during a meeting in the capital of the country, Brasilia this week. Photo: DP World

DP World Strengthen Brazil Ties

Brazil Minister of Foreign Affairs, Ernesto Henrique Fraga Araujo met with the global port operator DP World Group's Chairman and CEO, Sultan Ahmed bin Sulayem in the Brazilian capital, Brasilia this week.They discussed social reform, a stable and efficient regulatory framework to attract investors alongside public private partnerships to encourage foreign direct investment (FDI). The meeting preceded Mr. Bin Sulayem’s discussions with President Jair Bolsonaro during the visit.DP World Santos…

Pic: Cosco Shipping Ports

Cosco Completes US$3bn Peru Port Deal

Hong Kong-based international port operator Cosco Shipping Ports has completed the equity transaction of project company responsible for its greenfield subsidiary at the Port of Chancay, Peru.With the equitytransaction of the Project Company was officially completed on 10 May 2019, Port of Chancay became the company’s first greenfield subsidiary in South America and COSCO Shipping Ports plans to developing the port to an important gateway port in South America.In January 2019…

Photo: IMO

Global Problem, Local Action: IMO/EU Initiative

A new IMO video puts the spotlight on how an IMO/EU initiative is helping cut maritime emissions in the Solomon Islands as part of a global project to help tackle climate change.When the solar-powered LED lights go on at night in the port of Honiara, Solomon Islands, they are helping the port meet IMO maritime security requirements.But these lights are also a shining example of how a global project, through regional centers, can help individual countries' ports and shipping sectors improve energy efficiency, cut emissions and clean up local air quality.

Image: Cosco Shipping Holdings Co.

Cosco Eyes PIL Takeover

After buying several container factories from its smaller competitor Singapore-based shipping company Pacific International Lines (PIL), China’s Cosco Shipping Holdings Co. is eyeing it as a potential takeover target.The Chinese state-run ocean carrier  had bought part of debt-ridden PIL’s container-manufacturing business, and executives at the Chinese carrier believe they could wrap up a deal for the entire business if family-owned PIL’s owners decide to sell, reported WSJ.Cosco…

(Georgia Ports Authority/Stephen B. Morton)

New Savannah-Central America Route

The Port of Savannah welcomed its first Seaboard Marine vessel Wednesday. The new shipping line customer supports Savannah's cold chain logistics system with one new service to Central America, and a second to Latin America and the Caribbean.The ocean carrier's first service to Savannah links the Southeastern U.S. to northern Central America, with Georgia exports centered on frozen poultry and imports composed largely of perishables and apparel produced in Guatemala, El Salvador…