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Thursday, August 16, 2018

Panama News

Photo: Georgia Ports Authority / Stephen B. Morton

Savannah Reaches Record Volumes in FY18

The Georgia Ports Authority (GPA) handled a record 4.2 million twenty-foot equivalent container units in Fiscal Year 2018 (July '17 - June '18), for an impressive 8.4% increase year-over-year, or 325,000 additional units. "Moving more than 4 million TEUs in a single fiscal year is an important milestone for Georgia," said GPA Executive Director Griff Lynch. "Georgia's logistical advantages, along with the Southeast's population growth, have resulted in increased demand, while…

Plebe candidates of the Class of 2022 stood in formation at the U.S. Merchant Marine Academy for the first time and reported to the Indoctrination Regimental Staff, led by Regimental Commander Midshipman First Class Alexis Ibach.. Image: USMMA

USMMA Class of '22 Arrives for Indoctrination

The U.S. Merchant Marine Academy at Kings Point (USMMA) welcomed 280, Class of 2022 “plebe candidates” for initial training today. The nearly 20-day orientation period known as Indoctrination, or Indoc, teaches plebe candidates the basics of maritime and regimental life at USMMA. Training will emphasize military discipline, daily regimental routine, physical fitness, basic seamanship, and an introduction to college-level academics. The incoming Class of 2022, consists of 280 plebe candidates, representing 45 states and Panama.

William P. Doyle, CEO & Executive Director Dredging Contractors of America

DCA's Doyle: President Trump Supports Strong Infrastructure Projects

In an address to Western Dredging Association (WEDA) stakeholders, William P. Doyle, CEO & Executive Director Dredging Contractors of America told his audience: It all starts with dredging. Good Morning, and thank you for inviting me here today to open-up the conference. This is my first time addressing the Western Dredging Association (WEDA), and I am honored to be here. It all starts with dredging, and President Donald J. Trump is backing it up with critical legislative measures. As I will address later in my remarks– the U.S.

Image: APM Terminals

Faster Routes into US from Mexico

A new block (unitary) train service from APM Terminals Lazaro Cardenas in Mexico avoids congestion and delays at other ports to reach hinterland destinations in the US and Mexico - prompting a rise in traffic through the port. Since the terminal opened in February last year, there has been an increase in eight vessel services calling each week. The terminal provides the shortest distance and lowest intermodal cost to Mexico City. As Latin America's first semi-automated terminal…

Southern Ports are Getting with The Program…

The In-transit cold treatment program, that is! The dimensions of The Program are remarkable. The Reefer Shipping Market and Forecast 2017/18 produced by Drewry calculated that 79 percent of perishable cargo moved in refrigerated containers in 2016 and only 21 percent on reefer ships. By 2021, reefer containers will carry 85 percent of perishable products, while reefer cargo will reach 134 million tons, Drewry study predicts. One reason for the growth of reefer cargo in containers is the remarkable expansion of the USDA sponsored In-Transit Cold Treatment Pilot program.

File Image: A containership in the Panama Canal: CREDIT CH2M

S&P Upgrades Panama Canal's Outlook

Two years after the inauguration of the Expanded Panama Canal, Standard & Poor's (S&P) Global Ratings revised its outlook on the Panama Canal from ‘stable’ to ‘positive’ – demonstrating the global impact of the historic waterway. The rating agency also affirmed its 'A-' rating for the Panama Canal, ranking the ACP two notches above that of the sovereign foreign currency rating. The Panama Canal's outlook indicates the rating agency's expectation that it will generate relatively stable annual earnings before interest…

File Image: CREDIT CMA CGM

Boxships Buffeted by Competing Calamities

Overcapacity, Fleet Supply, Weakened Earnings, Consolidation – and now – fears of trade wars fuel further uncertainties for an already unsteady boxship climate. MLPro’s Barry Parker digs in to get to the bottom of all of it.The report season for 2018 Q1 corporate results saw an “earnings miss” (reported earnings below consensus forecasts of analysts) for the bellwether of listed container equities, A.P. Moller (APM), with its largest portfolio holding being Maersk Line. In a media telephone interview…

Pole Star

Panama Flag Adopts Pole Star’s PurpleTRAC

Ship registry operations have become increasingly complex as the pervasive effect of economic sanctions causes State and private shipping operators to be less transparent with Regulators with respect to the beneficial ownership and operation of vessels. As a result, Regulators are keenly monitoring the maritime sector and Flags in particular to ensure their internal processes meet best practice guidance. Leading from the front and demonstrating its innovative credentials is the Panama Maritime Administration (AMP)…

On April 28, the Panama Canal received the inaugural transit of the Neopanamax LNG Sakura en route from the U.S. to Japan. (Photo: Panama Canal Authority)

Panama Canal Sets Monthly Tonnage Record

Yesterday, for the third time since the inauguration of the Expanded Canal, the Panama Canal set a new monthly tonnage record of 38.1 million tons (PC/UMS) after facilitating the transit of 1,231 vessels in May 2018.The previous record was established in January 2017, when 1,260 vessels transited 36.1 million tons (PC/UMS) through the waterway, just a month after setting the record with 35.4 million tons (PC/UMS) transited by 1,166 vessels in December 2016.The containership segment contributed highest tonnage (36 percent)…

LNG tanker Maria Energy completed the milestone transit traveling from the Atlantic to the Pacific Ocean on July 29. (Photo: Panama Canal Authority)

4,000th Neopanamax Vessel Transits the Panama Canal

The Panama Canal registered the transit of its 4,000th Neopanamax vessel through the Expanded Canal, underscoring the steady growth of the burgeoning liquefied natural gas (LNG) segment – which began transiting the waterway for the first time following the inauguration of the Expanded Canal.The LNG tanker Maria Energy completed the milestone transit traveling southbound from the Atlantic to the Pacific Ocean on July 29."The steady increase in Neopanamax transits reflect our customers’ confidence in the Expanded Canal…

Photo: Georgia Ports Authority

Busy July boosts GPA Container Trade 12.7%

The Georgia Ports Authority moved 378,767 twenty-foot equivalent container units (TEUS) in July, an increase of 12.7 percent, or 42,668 TEUs, compared to the same month last year. It was the second busiest month on record for the Port of Savannah. "July was an incredible start to our fiscal year, with double-digit growth across our container, breakbulk and dry bulk operations," said GPA Executive Director Griff Lynch. In Fiscal Year 2018 (July 2017-June 2018), rail cargo at Garden City Terminal increased by 16 percent (60,000 containers) for a total of 435,000 intermodal rail lifts.

(Photo: BAM International)

Panama Imports Its First LNG Cargo

Panama has imported its first liquefied natural gas (LNG) cargo to commission the newly built $1 billion Costa Norte facility and power plant at Colon, expected to be a launch-pad for LNG trade across Central America.Many utilities in Central America and the Caribbean remain reliant on burning oil to generate electricity, but LNG offers a cleaner, cheaper and more efficient alternative.Shipping data shows the Engie-chartered Provalys tanker arrived last week, carrying a cargo exported from the Sabine Pass plant in Louisiana in March.AES Panama, a unit of U.S.

Panama Canal Containership (Photo:CH2M)

Panama Canal Expansion Marks Second Anniversary

Today marks Panama Canal's two-year anniversary of the inauguration of its Canal Expansion. It is the largest enhancement project in the waterway’s 103-year history. To date, the Canal has transited 3,745 Neopanamax vessels. The performance of the Expanded Canal’s Neopanamax Locks continues to exceed expectations. The transit of the Canal’s largest cruise ship to date, the Norwegian Bliss, weighing more than 168,000 gross tons and carrying nearly 5,000 passengers. Recording year-on-year growth, in terms of number of transits and total cargo volumes.

GLDD's Hopper Dredge, Ellis Island (Photo:GlobeNewswire)

GLDD Wins $164 Million in Dredging Awards

Great Lakes Dredge & Dock Corporation (Great Lakes), provider of both dredging services in the United States and environmental and infrastructure services, announced the receipt of a several dredging awards totaling $164 million. the Delaware River Deepening Variation Order (Capital, Delaware, $14.3 million). The scope of work for the four coastal protection projects includes sustenance of beachfronts with sand excavated from off-shore borrow which is then used to rebuild dunes and restore the shorelines eroded by winter storms.

REGULATORY WATCH: The Global 0.50% Sulfur Cap: 30 months and counting down …

Industry frets about the coming deadline. Shipping desperately wants to be ready, but will global shore-based infrastructure and refining capacity match the demand that is sure to come? And … are regulators listening to industry’s concerns? In early June, the U.S. Coast Guard (USCG) and U.S. Environmental Protection Agency (EPA) held a public workshop in Washington to help the agencies prepare for the January 1, 2020 deadline for worldwide implementation of very low sulfur marine fuel that meets the new 0.50% sulfur cap as set forth by the International Maritime Organization (IMO).

(Photo courtesy Panama Canal Authority)

Panama, China Start Free Trade Talks, Eye Regional Hub

Panama and China opened free trade talks on Monday with the aim of crafting an agreement that could turn the Central American country into a hub for Chinese goods across Latin America.Panama’s Minister for Trade and Industry Augusto Arosemena said the first round of talks would last until Friday, July 13, and establish the basis for the rest of the negotiation.Traditionally close to Washington because the U.S.

DSV Mermaid Endurer. Photo: Mermaid Maritime Public Company Limited.

Mermaid Maritime Wins Middle East Contract

Thailand-based subsea and offshore drilling services company Mermaid Maritime Public Company announced that its Middle East business unit has been awarded a subsea services contract in a GCC country with an initial contract value of USD 16 million.The contract award, with work scheduled to be performed in the Arabian Gulf during the course of August 2018 until March 2019, will involve the use of the DP2 Dive Support Vessel ‘Mermaid Endurer’ equipped with the Air and SAT Dive systems…

(Photo: BP Shipping)

First of Six New LNG Carriers Delivered to BP

BP Shipping has taken delivery of British Partner, the first of a half dozen new 173,400 cubic meter capacity liquefied natural gas (LNG) carriers to be delivered through 2018 and 2019 from the DSME shipyard in South Korea.BP Shipping, which launched a fleet rejuvenation program in 2016 that includes 32 new vessels for delivery over a three-year period, says the six new Partnership class ships will increase its ability to transport LNG in emerging new markets, such as Pakistan, Jordan, Egypt and Bangladesh, in addition to established markets, such as India, China, the U.S.

Robert Montague, Minister of Transport and Mining. Photo: Jamaica Information Service

Jamaica Passes Bill to Manage Ballast Water Carried By Ships

The House of Representatives passed the Ballast Water Management Bill, which is aimed at protecting Jamaica’s marine environment, said Jamaica Information Service, a government agency. The legislation seeks to implement measures to prevent ships entering Jamaica’s waters from introducing foreign aquatic species and diseases into the country. The Minister of Transport and Mining, Robert Montague, said the Bill is in keeping with commitments under the Ballast Water Management Convention, of which Jamaica is a signatory.

Photo Credit: trouty

McAllister Christens Tug Pair in NYC

There's nothing like New York City for a maritime event, and McAllister Towing and Transportation Co., Inc., one of the historic family-run companies serving the industry for more than 150 years, held a signature ceremony and party last night at Pier 16 in Manhattan with the christening of two tugboats, the Rosemary McAllister and the Capt. Brian A. McAllister, both ABS classed FiFi 1 with propulsion systems meeting EPA Tier 4 emission regulations: 3516E Tier IV Caterpillar engines…

Norwegian Joy (Photo: Port of Los Angeles)

Norwegian Joy is US Bound

Norwegian Cruise Line’s first ship custom-designed specifically for the Chinese cruise market will be repositioned to sail from the United States starting in 2019.The nearly 4,000 passenger cruise ship Norwegian Joy is slated to sail seasonally from Seattle to Alaska in summer 2019 before making voyages to the Mexican Riviera and Panama Canal from Los Angeles in winter 2019/2020.Built by German shipbuilder Meyer Werft in 2017, the 1,094-foot-long, 167,725 gt Norwegian Joy was designed with finishes and amenities tailored specifically to the tastes of Chinese guests.

Aerial view of NYK Auriga Leader and Höegh Trotter berthed at Port Canaveral (Photo: Canaveral Port Authority)

RO/RO Vessels Put Port Canaveral in High Gear

Vehicle imports and exports at Port Canaveral revved up this week with the arrival and departure of the post-Panamax (PPX) shipping vessel Höegh Trotter and another RO/RO vessel, the NYK Auriga Leader. In a first for the port, one vessel discharged new autos while another exported vehicles.Höegh Autoliners’ massive Höegh Trotter, the third PPX vessel to visit the Port, discharged new autos at the 16-acre AutoPort Canaveral, LLC facility as the nearby Auriga Leader loaded vehicles…

Image:  Liberian Registry

Liberia Becomes Fastest Growing Flag in Shipping

Liberia is the fastest growing major open registry in 2018 in both the shipping and offshore sectors, according to shipping services provider Clarksons in its Clarksons World Fleet Monitor June 2018.Alfonso Castillero, CCO of the Liberian International Ship & Corporate Registry (LISCR), the US-based manager of the Liberian Registry, said: “I am delighted to see that Liberia continues to be the leading flag in 2018. It has grown by 2.2 percent in terms of gross tonnage overall so far this year…

© biiker3 / Adobe Stock

UAE Bunker Inquiries Spike on Worries over Singapore Tainted Fuels

Inquiries for marine fuel supplies in the United Arab Emirates' (UAE) Fujairah oil hub have spiked as shippers try to avoid loading tainted fuel oil that has clogged and damaged ship engines in Singapore recently, three trade sources said.Tainted marine fuel has been found in Singapore, the world's largest ship refuelling hub, following reports of more than 100 vessels that loaded similarly contaminated fuel in the U.S.

file Image: CREDIT EXXON

The Global 0.50% Sulfur Cap: 30 months and counting down …

Industry frets about the coming deadline. Shipping desperately wants to be ready, but will global shore-based infrastructure and refining capacity match the demand that is sure to come? And … are regulators listening to industry’s concerns?In early June, the U.S. Coast Guard (USCG) and U.S. Environmental Protection Agency (EPA) held a public workshop in Washington to help the agencies prepare for the January 1, 2020 deadline for worldwide implementation of very low sulfur marine…

Image: Verifavia Shipping

Panama Maritime Authority Authorises Verifavia

Verifavia, the world’s leading emissions verification company for the transport sector (aviation and shipping), announced that it has become the first independent verifier authorised by the Panama Maritime Authority to conduct the International Maritime Organisation’s (IMO) Data Collection System (DCS) verification services for vessels registered in Panama. Through this authorisation granted by Panama, Verifavia will offer its IMO DCS and EU MRV verification services to the world’s largest ship registry – with over 8…