Monjasa Moves Bunker Tanker to Panama
Danish bunker group Monjasa has transferred a ship from West Africa to Panama, where it carried out its first fuel supply off the coast of Balboa."As part of a fleet reshuffle, Accra arrived in Panama after forming part of Monjasa’s West Africa bunker operation. The tanker fast received all safety and operational approvals from the Panama Maritime Authorities and completed her first fuel supply at Balboa Anchorage on 18 January," said a statement from the marine fuels supplier.Accra is a 2010-built and 8,800 dwt tanker.
Automotive Customers Recommit to the Port of Hueneme
Wallenius Wilhelmsen Ocean (WWO) joins BMW North America (BMW) and GLOVIS America (GLOVIS) to secure their presence at the Port of Hueneme with long-term contracts.Representing over half of the Port’s cargo revenue, the automobiles being imported will reach more than 13 states. In addition, the Port also exports globally multiple OEM brands manufactured in the United States, acting as Ventura County’s international commerce gateway.“In a time of uncertainty from ongoing global trade talks and a watchdog approach to the tariff discussion…
Moody's Rated Panama Canal with Stable Outlook
Moody's Investors Service reaffirmed the Panama Canal Authority's (ACP) A2 long-term rating with a stable outlook, based on its distinctive position as an infrastructure asset with a unique geographic advantage and business model, and its strong historical operational and financial performance.According to Moody's, the ACP's strong financial performance has resulted in better than anticipated financial metrics, driven by the successful operations of the Expanded Panama Canal.
Brazil’s Itaqui Port and Panama Canal Sign MOU
The Panama Canal has signed a memorandum of understanding with the Port of Itaqui to promote the shipment of grains and other cargoes in the commercial route from Brazil through the Panama Canal to destinations located in the Pacific Ocean.Itaqui, located in São Luís, Maranhão, is the Brazilian port closest to the Panama Canal. It has the infrastructure and connectivity necessary to move these exports to markets in Asia."With this agreement, the Panama Canal looks to promote…
Panama Canal Signs Deal with Port of Itaqui
The Panama Canal signed a Memorandum of Understanding (MOU) with Port of Itaqui, located in the northeastern region of Brazil, to promote the shipment of grains and other cargoes in the commercial route between the north of Brazil through the Panama Canal to destinations located in the Pacific Ocean.The Port of Itaqui, located in São Luís, Maranhão, is the Brazilian port closest to the Panama Canal and has the infrastructure and connectivity necessary to move these exports to markets in Asia.
Chinese Consortium Bags USD 1.4bln Panama Bridge Project
The government of Panama gave a US$1.4 billion contract to build a bridge over the Panama Canal to Panama Cuarto Puente, a Chinese consortium.Panama Cuarto Puente consortium or so-called Panama Fourth Bridge Consortium, composed of China Communications Construction Company (CCCC) and its unit China Harbour Engineering Company (CHEC), will design and build a bridge over the Panama Canal.According to a report in Reuters, the 6.5-km (4-mile) bridge will have six car lanes and a two-way metro line.
ITF Warns on Tug Captains Fatigue at Panama
The International Transport Workers' Federation (ITF) warns that a major accident on the Panama Canal could be imminent, highlighting the serious health and safety concerns related to the fatigue of tugboat captains.The new report takes the Panama Canal Authority (PCA) to task with tiredness, rather than the protocols in place for the physical transfer of vessels as was the case previously.Fatigue of Panama Canal tugboat poses a major threat to safety in the operation of the canal’s Neopanamax locks…
Pearl Harbor Remembrance Day: Jones Act Dredgers, America at its Best
The U.S.-Flag dredging industry commemorates the 77th anniversary of the Japanese air raid on the United States Naval Base at Pearl Harbor highlighting the critical need for a robust American shipbuilding capacity to ensure for the preparedness of the nation.“Today our brothers and sisters of the U.S Merchant Marine look to the past sacrifices made by 2,403 U.S. servicemen who died in the attacks on Pearl Harbor. We honor the members of the U.S. Armed Services,” said William P.
LNG Bulk Carrier Viikki Starts Baltic Sea Ops
The world's most eco-friendly bulk carrier m/s Viikki, owned by ESL Shipping, a subsidiary of the Aspo Plc, has started operating on the Baltic Sea.The 25,600-dwt vessel, 160 metres long and fuelled by liquefied natural gas, produces less than half of the carbon dioxide of previous vessel generation, thanks to LNG and many advanced technologies.M/s Viikki was built in China, and after completion first sailed to Japan to load a cargo of raw materials. From there, she arrived to the Baltic Sea through the Northeast Passage…
Gulfport’s Long Road Back From Hurricane Katrina
When Jonathan Daniels, executive director of the Mississippi State Port Authority at Gulfport spoke to the audience at the annual state of the port luncheon July 27, 2018 at the newly rebuilt Island View Casino, he had a lot to offer in terms of jobs. And he had two aces in the hole: SeaOne, an untested compressed liquefied gas company and Yilport, a terminal company operated by an ambitious Turkish port developer. Both had letters of intent dating back two years with much to do.As has been the case since before Daniels took over from Don Allee in 2013…
First Aloha-Class Ship Delivered to Matson
Matson, Inc. took delivery of the first of two new Aloha Class containerships built for Matson's Hawaii service at Philly Shipyard.Christened 'Daniel K. Inouye' in honor of Hawaii's late senior U.S. Senator, the vessel is the largest containership ever built in the United States. Weighing in at over 51,400 metric tons, the 850-foot long and 3,600 TEU capacity Daniel K. Inouye is Matson's largest ship and also its fastest, with a top speed in excess of 23 knots."This new ship, our fifth delivered by Philly Shipyard…
SC Ports State of the Port Emphasizes Infrastructure to Support Growth
Jim Newsome, president and CEO, highlights cooperation and collaboration.South Carolina Ports Authority (SCPA) president and CEO, Jim Newsome, presented the annual State of the Port to an audience of approximately 600 customers, elected officials and shipping industry representatives at the Charleston Area Convention Center. Jim’s presentation focused on the Port’s successes, strategic infrastructure investments to support continued container volume growth, new initiatives to increase Port productivity and overall industry trends that will impact the Port in the future.
Port Manatee Announces Record Fiscal Year
Port Manatee reports it continues to break cargo records, including handling an all-time-high of more than 9.3 million tons in the fiscal year ended Sept. 30, up 19.1 percent from the immediately preceding 12-month period. That comes on the heels of a 13.4 percent tonnage rise in fiscal 2017 from fiscal 2016.Across-the-board increases were enjoyed by the diverse Southwest Florida port in the just-ended fiscal year, besting numerous prior records, according to figures reported.Due largely to a more-than-tripling of phosphate rock handled…
GAC Opens New Office in Panama
A GAC Group-owned office is now operational in Panama, providing a wide range of shipping services to vessels calling at Panamanian ports or transiting the Panama Canal.Bob Bandos, GAC’s Group Vice President – Americas, said, “As a global ship agency, GAC has a growing base of customers and prospects utilizing the Panama Canal, so it was imperative to set up our own office here. Our expansion into Panama reaffirms the Group’s long-term commitment and investment in the Americas region.
Panama Canal Sets Record Annual Cargo Tonnage
The Panama Canal closed its 2018 fiscal year with a record tonnage of 442.1 million Panama Canal tons (PC/UMS), which represents a 9.5 percent increase from the previous year, the Panama Canal Authority reports.With this tonnage, the Panama Canal surpasses the cargo projections of 429.4 million PC/UMS tons for FY 2018, as well as the 403.8 million PC/UMS tons registered in FY 2017."The Panama Canal continues to exceed our expectations, reinforcing every day the importance of the waterway's expansion and its impact on global maritime trade," said Panama Canal Administrator Jorge L. Quijano.
Four LNG Carriers Transit Panama Canal in One Day
The transit of four liquefied natural gas (LNG) carriers through the Panama Canal’s Neopanamax Locks in a single day marks a new milestone for the canal and reinforces its capacity to handle growing demand from the U.S., where several new LNG export terminals are scheduled to begin operating.On Monday, the vessels Ribera del Duero Knutsen with a cargo capacity of 173,000 m3 and Maran Gas Pericles with cargo capacity of 174,000 m3 transited northbound, while Torben Spirit with a cargo capacity of 174…
LNG Shipping Rates Spike with No Respite Seen Through 2019
The price of shipping liquefied natural gas (LNG) has spiked in September and is likely to remain high next year, buoyed by rising production from new plants and concerns that demand for LNG vessels will outpace supply.The rate for vessels shipping LNG from the Atlantic Basin to Asia has jumped to $90,000 to $95,000 a day this week from $75,000 a day at the end of August, brokers and traders said.Rates, which broadly hovered around $30,000 to $40,000 a day from 2015 to 2017, have risen due to longer distances covered to transport LNG from new terminals in the United States and Arctic Russia…
Panama Canal Modifies Reservation System
The Panama Canal will implement, from October 1, changes in the transit reservation system for the new neopanamax locks, which includes a restructuring of payment fees for the natural gas segment liquefied (LNG), in order to optimize the use of the interoceanic route.A press release from Panama Canal Administration (ACP) said that the modifications "are a positive step for the neopanamax locks", and take into account the lifting of certain rules of navigation to LNG ships, as well as the comments of customers.In order to maximize the benefits of these new navigation rules…
Doubling Down on Domestic Dredging
U.S. Dredgers Weigh in on Infrastructure, U.S. Capabilities and the road ahead.Domestic dredging firms face many challenges in the coming months and years. At the same time, opportunities abound in a market and political climate that seems to beg for infrastructure upgrades, especially when it comes to harbors and inland waterways. Weighing in this edition on all of that – and more – are three U.S.-based dredging firms; Callan Marine, Cashman Dredging, and Weeks Marine.Cranford, NJ-based Weeks Marine, Inc.
Doubling Down on Domestic Dredging
U.S. dredgers weigh in on infrastructure, U.S. capabilities and the road ahead.Domestic dredging firms face many challenges in the coming months and years. At the same time, opportunities abound in a market and political climate that seems to beg for infrastructure upgrades, especially when it comes to harbors and inland waterways. Weighing in this edition on all of that – and more – are three U.S.-based dredging firms; Callan Marine, Cashman Dredging, and Weeks Marine.Cranford, N.J.-based Weeks Marine, Inc.
Mississippi River Ship Channel Deepening Project Moves Forward
The Mississippi River Ship Channel could be the first port complex on the Gulf Coast to reach a depth of 50 feet now that the Director’s Report has been signed by the U.S. Army Corps of Engineers. Elected officials and industry leaders have long worked to increase the channel’s depth to 50 feet, which is the same depth of the expanded Panama Canal.In signing the Report, Corps of Engineers Director of Civil Works James C. Dalton stated the project is “economically justified and…
Port Manatee, Carver Maritime Ink Long-term Terminal Deal
Port Manatee and Carver Maritime LLC have entered a long-term marine terminal operating agreement for a 10-acre aggregate offloading facility at the Florida Gulf Coast port.The agreement, for as many as 20 years including options, was approved Thursday by the Manatee County Port Authority and ensures property lease payments totaling $1.8 million for the initial five-year term, in addition to wharfage payments for annual cargo throughputs.Carver Laraway, president of Altamont,…
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.
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…
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…
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.