BIMCO: U.S. Economic Stimulus Have Worked Magic for Container Shipping
North American import of containerized goods from the Far East soared to a noteworthy high of 1.62m TEU during February 2021, a 100% increase from the low point of the same month last year. Fueled by US stimulus, volumes moving on the trans-pacific trade lane to consumers and businesses in North America thereby defied all obstacles during a month usually characterized by slow activity.In particular, the US economic stimulus packages have worked magic for the container shipping industry…
Montreal Dockworkers Stage Partial Strike
Canada's manufacturers on Monday asked the federal government to curb a brewing labor dispute after dockworkers at the country's second largest port said they will work less this week.Unionized dockworkers, who are in talks for a new contract since 2018, will hold a partial strike starting Tuesday, by refusing all overtime outside of their normal day shifts, along with weekend work, they said in a statement on Monday.The Canadian Union of Public Employees (CUPE) Quebec's 1,125…
MSC Reaffirms Commitment to Avoid Arctic Shipping Routes
Container shipping giant MSC Mediterranean Shipping Company doubled down on its position to avoid sending its vessels through the Northern Sea Route and urged others to follow suit, citing environmental concerns.“As a responsible company, this was an obvious decision for us,” said MSC CEO, Soren Toft. “MSC will not seek to cut through the melting ice of the Arctic to find a new route for commercial shipping, and I consider this a position the whole shipping industry must adopt.”Running from Murmansk near Russia’s border with Norway to the Bering Strait near Alaska…
Port of Halifax Dives Into Data
A new project aims to leverage advanced AI and maritime enterprise software to enhance supply chain data for shipping at the Port of Halifax.BlueNode, which has developed an AI solution that optimizes maritime shipping, has partnered with Saab, the global port enterprise systems leader, for the Port Integration and Enhancement of Data (PIED) project, which will see BlueNode’s BNData application integrated with Saab’s maritime enterprise software to enhance and improve the data that the Halifax Port Authority generates and uses to operate one of Canada’s largest and busiest ports.
Oakland's New Port Cranes Are the Tallest in North America
They're new, they’re huge and they’re the tallest in North America; three, gigantic cranes are now part of the skyline at the Port of Oakland, California, U.S.The port released a time lapse video today with footage of the assembly of one of the giant cranes. One of the most dramatic parts of the video features the raising of a crane’s mechanical housing. It takes weeks to build each crane and the third one was completed last week. The next phase is testing the cranes and then commissioning them for work.
Port of LA Upgrades Its Fruit Terminal
The breakbulk terminal building at Berths 54-55 at the Port of Los Angeles has a new fabric membrane roof among other improvements, thanks to nearly $1 million in upgrades completed this month by the Port at the marine terminal operated by SSA Marine.As the main stop for Chilean fruit to the West Coast of the U.S., the SSA Marine terminal serves as an important processing hub for imported grapes, stone fruit, kiwi and avocados from Chile. Between 70,000-90,000 metric tons of perishables…
Container Shipping Looks Strong in 2021 - BIMCO
In the full year of 2020, global container shipping volumes fell by 1.2% compared with 2019, much less than feared even before the pandemic was first declared, and much recovered compared with the 6.8% drop recorded in the first six months of the year. Volumes in the second half of the year were up 4.2% from 2019. Much of this growth was concentrated on just a few trade lanes, with congestion and imbalances on these spilling out and causing disruption on other trades.BIMCO expects that 2021 will be even better for container shipping than 2020…
Brazil's Slow Soybean Harvest Widens US Export Window
Harvesting delays in Brazil, the world’s top soybean producer, are prompting buyers led by China to rely on rival exporter the United States for longer than usual in 2021, according to government data and traders.Sustained demand for U.S. soybeans is accelerating an historic drawdown of U.S. supplies of the oilseed and could further drive up soybean prices at a time of rising food inflation as countries hoard staples during the pandemic.Concerns over tight global soybean supplies after China dramatically increased purchases in recent months ignited a 4.5% U.S.
BIMCO: Tanker Market Hangover Continues
Tanker shipping was in many ways the odd one out of the shipping sectors in 2020; at the start of the pandemic, the market was strong, only to finish off the year in the doldrums, while the other sectors stayed profitable. Even a demand boost in December only managed to lift earnings slightly, raising the question, what will it take for tankers to return to profitability?In the immediate aftermath of the pandemic being declared, tanker shipping appeared immune, but it too has suffered from lockdowns and travel restrictions.
BIMCO: Global Container Volumes Projected to be Down 1.5% for 2020
Despite the alarming headlines in the spring of last year, container shipping proved remarkably resilient in 2020 in terms of volumes as well as freight rates. After a 5.0 million TEU (7.3%) drop in volumes in the first five months of the year, volumes were down by only 1.7% - a loss of 2.6 million TEU – by the end of November.Of the three largest trades, Far East to North America has been the best performing, up by 1.1m TEU (6.4%) in the first 11 months of the year. The last few months have been the strongest for this trade…
Port of Oakland Set to Receive New Cranes
Towering new container gantry cranes currently en route to the Port of Oakland will be the tallest ever at the California seaport, and rank among the largest in the U.S.Stevedoring Services of America (SSA) is investing in the three giant cranes for its marine terminal at Oakland (Oakland International Container Terminal - OICT).“These cranes will keep the Port of Oakland competitive so that we can continue to attract the largest vessels calling North America,” said Port of Oakland Executive Director Danny Wan.
Top Maritime Trends of 2020: Captain Andrew Kinsey, Allianz, Examines Logistics Challenges
Captain Andrew Kinsey, Senior Marine Risk Consultant, Allianz Global Corporate & Specialty, recently discussed some of the trends that will shape 2021 for the maritime, ports and logistics world.MR TV: As we come to the end of 2020, talk now turns not simply to COVID-19 and a potential vaccine, but to the supply chain logistics and challenges that come with distributing those vaccines. How does the picture look from where you sit?Andrew Kinsey: The picture looks complicated. It's a global demand. It's a global logistics problem.
Port of Los Angeles Inks $6.8 Mln Cybersecurity Deal with IBM
The Port of Los Angeles is working with IBM to design and operate a Port Cyber Resilience Center (CRC) at the U.S.' busiest container port.A $6.8 million, three-year agreement between the seaport and tech giant includes hardware, software and services to design, install, operate and maintain the first-of-its-kind system aimed at detecting and protecting against malicious cyber incidents potentially impacting cargo flow as well as improving the quality, quantity and speed of cyber…
WMU PhD Candidate Ambrose Wins Goldman Environmental Prize
Kristal Ambrose, a PD candidate at the World Maritime University, is the recipient of the prestigious Goldman Environmental Prize 2020. The award is the world’s foremost environmental prize and honors outstanding environmental activism through community and citizen participation on critical sustainability issues facing the planet.Ambrose founded the Bahamas Plastic Movement in 2013 to develop solutions to plastic pollution and to educate young people on the importance of a clean and healthy ocean.
Containershipping: Transshipment Ports see an Increase in October Cargo Rollovers
Strong demand for container shipping space on major trade lanes from Asia to Europe and North America saw cargo rollovers increase month-on-month in October as carriers struggled to keep ocean supply chains operating smoothly.Overall container rollover ratios at leading transshipment ports rose to 28.5% last month, up from 26.9% in September and 22.2% in October 2019, according to Ocean Insights.“This is supposed to be container shipping’s seasonal lull after the summer peak season…
WTO Sees Trade Rebound, But Likely Year-end Slowdown
The World Trade Organization said on Friday global trade in goods had rebounded in the third quarter from COVID-19 lockdowns, but predicted a slowdown at the end of 2020.The WTO said its goods trade barometer had risen to 100.7 points from a record low of 84.5 points in August, driven by a surge in export orders. A reading greater than 100 indicates above-trend growth.“The latest reading indicates a strong rebound in trade in the third quarter as lockdowns were eased, but growth is likely to slow in the fourth quarter as pent-up demand is exhausted and inventory restocking is completed…
Charging Ahead: Brent Perry & his Sterling PBES Team Drive Maritime Battery Tech
Brent Perry, CEO of Sterling PBES is a 40+ year veteran of the marine business, and one of the pioneers in delivering battery solutions to boats and ships at sea. Please give us a by the numbers look at Sterling PBES today?Right now we are sitting in a position where we had anticipated delivering somewhere in the neighborhood of $20-21 million worth of product, which is about 35 megawatt hours. And we’re scheduled to blow past that to almost $40 million. And we’re looking at the following year as a year of over a $100 million…
ONE to Launch New Europe-West Africa Service
Singapore-based container line Ocean Network Express (ONE) is to launch a new weekly Europe - West Africa Service (EWX) commencing in February 2021.ONE said the port rotation is subject to change, but is currently planned as follows: Hamburg – Rotterdam – Antwerp – Le Havre – Algeciras – Tangier – Dakar – Tema – Abidjan – Hamburg.By calling at Algeciras and Tangier ports, ONE will provide transhipment connections linking West Africa from areas such as the Mediterranean, North America and Asia.
Semco Maritime Names Mejlgård SVP for People, Safety & Quality
Thomas Nagbøl Mejlgård (44) has today joined Semco Maritime as Senior Vice President responsible for developing and executing Semco Maritime’s HR strategy. He becomes a member of the Group Senior Management Team and will report to CEO Steen Brødbæk.Based on positions as Group Senior Director & Head of HR Commercial & HQ of Salling Group, Head of P&C Business Partnering, Colorado (North America) of Vestas, Senior HR Business Partner of the LEGO group and HR Project Manager of Arla Foods…
Port of Virginia Names Edwards CEO
The Virginia Port Authority Board (VPA) of Commissioners today introduced Stephen Edwards as the next leader of The Port of Virginia. He succeeds John F. Reinhart who for the last seven years has led the VPA as its CEO and executive director.Edwards has extensive experience in the global transportation industry most recently as the president and CEO of TraPac, LLC (TraPac), which operates container terminals in Los Angeles, Oakland and Florida. His tenure with the VPA begins on January 19, 2021.“I am delighted to be joining the Virginia Port Authority team in January,” Edwards said.
Port of Halifax's Extended Deepwater Berth Fully Operational
The extended South End Container Terminal in the Port of Halifax is now complete and is fully operational, having welcomed its first vessel, Zim Tarragona, on Friday.With the extension project finished, the South End Container Terminal operated by PSA Halifax now has the longest and deepest container berth in Eastern Canada with 800 meters continuous length and 16 meters depth. The recent installation of a new Super Post-Panamax (SPPX) crane, the largest in Eastern Canada, brings the total compliment of SPPX quay cranes at PSA Halifax to five.
Insurer GCube Strengthens Offshore Wind Team
GCube, an insurer for renewable energy projects, hired three new underwriters for its offshore wind team, including Joshua Cantwell, formerly of Talbot Underwriting, and Zoe Massie, formerly of Allianz Global.The appointments come alongside a number of new hires in the U.S. as GCube builds its global presence in the renewable energy insurance sector.Prior to joining GCube, Cantwell held the position of Class Underwriter and subsequently Interim Head of Energy for Talbot Underwriting.He…
Svitzer Names Uppelschoten Snelderwaard COO
On 1 December 2020, Ingrid Uppelschoten Snelderwaard will take up the role as global COO of Svitzer A/S, reporting to CEO Kasper Friis Nilaus. She will be based in Copenhagen.Uppelschoten Snelderwaard joins Svitzer from her current position as Global Head of Equipment and VP at Maersk and takes over from Svitzer’s current COO, Leonardo Sonzio, who will be moving on to become Maersk's Head of Fleet Operations.Uppelschoten Snelderwaard holds a degree in Economics and Languages from Hogeschool Zeeland, and a degree in Business Management from Nyenrode University in the Netherlands.
Offshore Wind Webinar: North American Opportunities and Challenges
Offshore wind has the potential to impact North America's entire offshore energy, maritime, ports and logistics value chain. An October 22 webinar presented by World Energy Reports, Ørsted and American Bureau of Shipping (ABS) will deliver insights on the current progress, future pace and direction of development in the offshore wind market in North America.When: October 22, 2020, 11:00 a.m. Eastern Time (U.S. and Canada)Register here.
Tidewater Names Degodny CCO
Tidewater Transportation and Terminals said it recently added Aaron Degodny as its new Vice-President and Chief Commercial Officer. As part of Tidewater’s executive leadership team, Degodny will focus on establishing strategic partnerships in new markets, expanding and strengthening client relationships, and extending the regional and global footprint of Tidewater, the largest barge transportation and terminal network on the Columbia-Snake River system. He will have direct oversight and responsibility for business development, sales and marketing, public relations and media.
Saab PIMS to Streamline Halifax Port Operations
Saab said it has been awarded a contract from the Halifax Port Authority to supply a Port Management Information System (PMIS) to further streamline the Canadian East Coast port's operations by allowing port departments, 80 service providers, customers and other members of the port community to improve collaboration.The Port of Halifax is a full-service, deepwater port on the eastern seaboard of Canada and the only east coast Canadian port that can receive containerships carrying over 10,000 TEU.