OP/ED: How Growth Can Benefit the Environment
You might call 2017 a banner year for California ports. San Pedro Bay, home to the nation's leading twin ports of Los Angeles and Long Beach exceeded their pre-recession peaks. Collectively, San Pedro Bay was up 7.2% from its 2006 peak. It took a decade to get there and while you wouldn't want that sort of annualized growth going forward, it did arguably mark the end of San Pedro Bay's recession dip. More importantly, growth looks to continue in 2018. As of the end of May, year to date container volumes are 3.7% higher over the same period in 2017.
Singapore Tops World's Shipping Centre Rankings in 2018
Singapore has emerged as the world's top maritime center for the fourth consecutive time in the Xinhua-Baltic International Shipping Center Development Index. "Singapore remains unmoved at the top of the International Shipping Centre Development (ISCD) Index for the fifth successive year, following a benchmark report published today (10 July 2018) by the Baltic Exchange and Xinhua, China’s news agency," said a press release. The index covers 43 of the world’s largest ports and…
Seabury Maritime Expands Executive Team
The global maritime and transportation investment bank and industry advisory Seabury Maritime PFRA (SMPFRA), a division of Seabury Capital Group, announced the appointment of Fernando Lehrer as Executive Director, Head of Marine Services, and Nikos Petrakakos as Vice President, Head of Maritime Environmental Innovation.Lehrer and Petrakakos are joining the SMPFRA’s leadership to further advance the company’s strategy to provide an integrated platform to its clients that delivers…
Maritime College to Host 'Marine Highways' Conference
Roads around the New York metro area, and up and down many parts of the East Coast, are increasingly congested. The congestion increases air pollution, leads to poor roads, and slows the flow of people and goods throughout the region.On September 27, SUNY Maritime College will host a conference to discuss ways to move cargo transport off land and onto the water, thereby reducing road congestion and air pollution.Other nations and regions around the world are increasingly seeking to move cargo traffic off the roads and onto ships.
GCT Bayonne Welcomes the ONE Stork
GCT USA has welcomed the Ocean Network Express’ (ONE) first magenta ship on its first dual call to the most advanced terminal in the Port of New York and New Jersey, GCT Bayonne.Following the merger of NYK Line, Mitsui OSK, and “K” Line on April 1, 2018, ultra large container ship (ULCS) ONE STORK joined the Transport High Efficiency (“THE”) Alliance’s EC4 Asia-North America all-water Suez service on its maiden voyage to the East Coast.THE Alliance chose to host all of its Far East all water services at semi-automated GCT Bayonne, due to its award-winning high marine and landside productivity.
TRAC Intermodal Named a Best Chassis Provider
The Association of Bi-State Motor Carriers has recognized TRAC Intermodal as both the Best Overall Chassis Provider in the Port of New York-New Jersey and for Outstanding Customer Service for the third consecutive year. James Bowe, TRAC Intermodal’s Senior VP and Chief Commercial Officer, also received the Dick Jones Award for Outstanding Assistance and Customer Service.When presenting the award, Bi-State Motor Carriers President Jeff Bader acknowledged that, "providing drivers with reliable…
Port Everglades Names Jenkins Port Security Manager
Port Everglades has appointed Robert “Rob” Jenkins to the position of Port Security Manager, a promotion from Security Compliance Manager.In his new position, Jenkins will be responsible for overseeing security and fire rescue operations and management for the Port, as well as facilitating related contracts, grants and funding. Additionally, he will interface with federal, state and local regulatory agencies that operate in Port Everglades.Jenkins joined the Port staff in 2013.
American P&I Club Manager Prepares for Further Growth
Shipowners Claims Bureau, Inc. (SCB), the Manager of the American P&I Club, has recently announced a series of appointments designed to service the Club’s growing membership and help fulfil longer-term goals of continued expansion. The American Club has grown its membership substantially over recent years, tonnage having increased by some 25 percent over the past 24 months, and these appointments are intended to consolidate the Club’s continuing service capabilities in the future.The…
NRF: Retail Imports Slowing but Remain Strong For Now
Imports at the nation’s major retail container ports have slowed down from their pre-holiday peak but remain at unusually high levels as retailers continue bringing in merchandise before tariffs increase in January, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Imports have usually dropped off significantly by this time of year but we’re still seeing numbers that could have set records in the past,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.
Port of Oakland Online Shipping Platform Goes Live
A one-stop, online gateway to the Port of Oakland went live. The Port said its new tech platform, called the Oakland Portal, would provide a single point of entry to seaport operations. It’s believed to be an industry first in the quest to digitize containerized cargo transportation. “This is what our industry is asking for,” said Port of Oakland Maritime Director John Driscoll. The Oakland Portal is thought to be the first digital collaboration platform that aggregates shipping information from every marine terminal in a harbor.
Container Shipping Shakeup Needed for Higher Rates
Container shipping: Change required for higher ratesDemandThe growing imports of loaded containers into the U.S. East Coast (USEC) continues to be a focal point for the container shipping industry. Growing by 10.4 percent in Q1-2018, the first three months saw 215,000 TEU more entering the USEC than in Q1-2017. Exports grew by 55,000 TEU in the same time span, growing outbound loaded containers by 3.8 percent.This illustrates the constantly changing imbalance in U.S. foreign trade. For every five containers entering the USEC in 2013, four were exported.
Montgomery Named CEO of Ports America
New Jersey-headquartered marine terminal operator and stevedore Ports America Group, Inc. has appointed Mark Montgomery as president and CEO. He replaces former president and CEO, Michael Hassing.Montgomery was previously president and CEO of Ports America Chesapeake (PAC) from 2010 to 2014, and currently serves as a senior advisor and operating partner to the Infrastructure Investing strategy of Oaktree Capital Management, L.P. (Oaktree), where he brings more than 30 years of…
TRAC Intermodal Adds Chassis with Gensets
TRAC Intermodal has introduced a new product that combines a new Carrier underslung genset with a premium 40-foot marine chassis.These pre-mounted genset-chassis are available through the TRAC Select pool at a convenient location in the New York/New Jersey port complex. The genset-chassis product will be expanded to the Los Angeles/Long Beach port complex in June.The new genset-chassis is focused on improving efficiency by providing a one-stop solution for motor carriers to pick up a chassis already equipped with a genset…
Ports America Names Surett CFO
New Jersey-headquartered marine terminal operator and stevedore Ports America Group, Inc. has named Richard Surett as its new chief financial officer.Surett has been with Ports America since 2010 and most recently held the position of senior vice president, FP&A and treasury. He is a financial professional with more than 20 years of experience in mergers and acquisitions, debt and equity financings and financial planning and analysis.
Diana Containerships Sells Panamax Container Vessel
Diana Containerships announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2006-built vessel “New Jersey” for demolition, on an “as is where is” basis, with delivery due to the buyer by mid-March 2018, for approximately $9.67 million. Upon completion of the aforementioned sale and the previously announced sale of two Post-Panamax container vessels, Diana Containerships Inc.’s fleet will consist of 8 container vessels (4 Post-Panamax and 4 Panamax). A table describing the current Diana Containerships Inc.
Fitch: U.S. Port Growth Steady as NAFTA Decision Looms
U.S. ports are positioned for another solid year of growth, though the Trump administration's evolving stance on both domestic and international trade is a long-term development worth a close watch, according to Fitch Ratings in its latest sector briefing. This after a strong 2017 in which ports on both coasts saw overall growth through the year. "Moving to larger ships and implementing operational alliances have helped drive volume growth on both coasts in 2017," said Emma Griffith, Director.
Annual Towing Forum Returns to SUNY Maritime
For nearly 20 years, leaders of the tug and barge industry in the region have converged on SUNY Maritime College in the spring to discuss current issues and initiatives facing the industry. This year will be no different; the 18th annual Towing Industry Forum will include presentations about safety management systems, wind farms and their impact on marine traffic, and a federal study regarding route planning and access to East Coast ports, among other topics. The forum, organized by the college’s Department of Professional Education and Training, will be from 8 a.m. to 1:30 p.m.
Container Fleets & Demand Growing in Step -BIMCO
For 2018, the world containership fleet is expected to grow in step with global demand, according to BIMCO’s latest container shipping market outlook. Having experienced falling freight rates from August to year-end in 2017, most liner companies were successful in pushing rates higher in early January 2018. Most of them managed to hold onto most of the gains they achieved, considering October and November were challenging in terms of very low demand growth. The weak demand came from the Far East to Europe trade, and on the Intra-Asian transport.
Diana Containerships Sells Sagitta and Centaurus
Diana Containerships announced that it has signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to sell to an unaffiliated third party the m/v Sagitta and the m/v Centaurus, each a 2010 built containership for $12.3M each. The Company expects the Vessels to be delivered to the buyer at the latest by April 27, 2018. Upon completion of the aforementioned sale and the previously announced sales of two Post-Panamax container vessels and one Panamax container vessel, Diana Containerships Inc.’s fleet will consist of 6 container vessels (4 Post-Panamax and 2 Panamax).
Port of Oakland Building Online Shipping Portal
Port of Oakland officials has promised a digital shipping platform by mid-year to speed up global trade flows. The Port said it’s building an online portal for transactions that range from tracking to transporting containerized cargo. The move aligns with an industry migration toward digitalization of international supply chains for the sake of efficiency. The Port previewed its portal - called a digital collaboration platform - at an American Association of Port Authorities meeting in Oakland yesterday. Make appointments to pick up containerized cargo.
New Members Join NOAA’s Hydrographic Services Advisory Panel
NOAA acting administrator retired Navy Rear Adm. Tim Gallaudet, Ph.D., has appointed three new members to the Hydrographic Services Review Panel, a federal advisory committee that gives NOAA independent advice for improving a range of services and products that support safe navigation and coastal resilience. Sean M. Duffy Sr., executive director, Big River Coalition, New Orleans, La. Retired USCG Capt. Julie Thomas, senior advisor, Southern California, Coastal Ocean Observing System, Scripps Institution of Oceanography, La Jolla, Calif.
Georgia Ports: Mason Mega Rail Breaks Ground
The Georgia Ports Authority broke ground on its $126.7 million Mason Mega Rail Terminal Monday. The expansion will increase the Port of Savannah's rail lift capacity to 1 million containers per year, and open new markets spanning an arc of cities from Memphis to St. Louis, Chicago to Cincinnati. "Today is a great day for Georgia and the nation," said Georgia Gov. Nathan Deal. The Mega Rail ground breaking is the latest in a series of Gov. Deal's signature projects designed to…
U.S. DOT: Funding Available for Small Shipyards
The U.S. Department of Transportation’s (USDOT) Maritime Administration (MARAD) announced the availability of $19.6 million in federal funding to support capital improvements and employee training at small U.S. shipyards. The grants are provided through the Small Shipyard Grant Program, and help eligible shipyards modernize operations, increase efficiency and reap the benefits of increased productivity. In 2013, U.S. shipbuilders directly employed 110,000 Americans and produced $37.3 billion in Gross Domestic Product (GDP). Available to U.S.
Port Tampa Bay selected as Port Executive Management Center
The International Association of Maritime and Port Professionals (IAMPE) stated that Port Tampa Bay has been selected as the Port Executive Management Center for the State of Florida. The Port will host advanced educational and training for port executives at the State’s seaports as well as from other ports throughout the Gulf of Mexico. The new center joins centers at the Loeb-Sullivan School at Maine Maritime Academy and the Maine Port Authority (Port of Portland) for providing programs for advanced executive management education and certification.
Aluma Marine Grows Marketing Team
Boat builder Aluma Marine, LLC has appointed Malcolm Wisch as Director of Sales and Marketing and Sherry Wisch as Marketing Manager.An industry veteran, Malcolm was previously associated with SeaArk Marine, Inc. for 20 years. He has a B.S. Degree in Marketing and Advertising, holds a U.S.C.G. license and is a member of the Propeller Club of the Ports of New York and New Jersey. In his new role with Aluma, Malcolm will be responsible for all sales and marketing activities and the…
New York Ports' Top Cop Retires Amid Probe of Limbaugh Escort
The head of the police force for New York's airports and bridges authority retired on Monday amid reports that a police escort for conservative radio host Rush Limbaugh had triggered an internal investigation.Michael Fedorko, who had been superintendent of the 1,700-strong Port Authority Police Department since 2009, retired effective immediately, the agency said in a statement.