Wilhelmsen Drops Acquisition of Drew Marine
A US District Court for the District of Columbia announced that it will grant the Federal Trade Commission’s (FTC) motion for an injunction to block Wilhelmsen’s acquisition of Drew Marine Technical Services.Consequently, Wilhelmsen and Drew have agreed to abandon the transaction.“We disagree with the views of the US competition authorities. This would have been an important strategic investment for our group, which we believe would have meant better services and better prices for our customer.
APL Adds New Iraq Port Call
The provider of container shipping and global transportation services APL has announced that the Gulf Asia Express 2 (GA2) service will soon be calling the port of Umm Qasr.The CMA CGM=owned company said that the service will also make a second call to Jebel Ali during the return leg of its service rotation to Asia. These developments demonstrate APL’s commitment to continuously provide market connectivity between the Far East and Middle East.The enhanced GA2 service is primed…
MOL buys Eni's Adriatic Offshore Gas Stakes
MOL Group’s Croatian INA agreed to buy Eni Croatia BV, a wholly-owned member of Eni Group, through which Eni participated in the joint project of gas production in Croatia’s offshore areas Northern Adriatic and Marica.INA will become the 100% owner and the sole operator of the Northern Adriatic and Marica fields after all conditions are fulfilled, including receiving clearance from the antitrust authorities, which is expected in the coming months.The transaction covers 4.3 million…
Iceland’s Samherji Buys Stake in Eimskip
Icelandic fisheries company Samherji though Samherji Holding has acquired a substantial share in Eimskip, Iceland’s longest-established and largest shipping operator.The company has a total of 25.3% stake in the company and the purchase price is about 11 billion Icelandic krona. Samherji Holding is a subsidiary of Samherji's foreign operations. The seller of the stake is the US investment fund Yucaipa.The purchase will give Samherji an investment in a major logistics firm that has 22 vessels…
Carnival Corp Meets CO2 Reduction Goal
Carnival Corporation, the world's largest leisure travel company, released its eighth annual sustainability report, announcing that in 2017 the company achieved its 25 percent carbon reduction goal three years ahead of schedule and is on track with its nine other 2020 sustainability goals.Looking to the future, the company continues to chart its sustainability journey, using the United Nation's 17 Sustainable Development Goals as a framework to identify new environmental management…
London P&I Club Setting up Cyprus Office over Brexit
British ship insurer London P&I Club is setting up a new subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access, the group told Reuters on Friday.Britain dominates the global marine insurance market and losing access to specialist Protection and Indemnity (P&I) clubs could weaken its multi-billion pound shipping services sector."We have … chosen Cyprus to establish our new post-Brexit EU subsidiary, and we are currently going through the process of setting it up and obtaining the necessary license," London Club said in a statem
SC Ports is on a Growth Trajectory
South Carolina Ports Authority posted strong performance across multiple business segments in fiscal year 2018, achieving new records for monthly and annual container volumes as well as progress of key capital projects.“SCPA had an ambitious growth plan for the 2018 fiscal year, and our progress across all business segments is a true accomplishment,” said SCPA president and CEO Jim Newsome. “Growth of 3 percent in FY2018 on the heels of 10 percent growth last fiscal year reflects broad-based expansion of the port’s cargo base as well as strong operational performance of our port.
DP World, China Signs Agreement to Boost International Trade
An agreement to jointly construct a new ‘Traders Market’ at DP World’s flagship Jebel Ali Port and Free Zone in Dubai on a total build up area of three million square metres has been signed between the global trade enabler and the Zhejiang China Commodities City Group, providing further impetus to China’s Belt and Road Initiative.DP World will be building the ‘Traders Market’ within the Jebel Ali Free Zone Area located in Jafza South next to the Dubai Expo 2020 site.The market will include clusters of traders from all over the world, offering a wide range of products at one site.
CMA CGM to Reshuffle its CIMEX 6 Service
CMA CGM announced the revamping of dedicated CIMEX 6 service linking Asia and the Middle East Gulf with Umm Qasr call replacing Bandar Abbas as from Shanghai ETA on August 6th, 2018.With CIMEX 6, CMA CGM will offer a direct service from Asia to Umm Qasr, Iraq.The new features will be the following: Rotation: Shanghai-Ningbo-Taipei-Shekou-Tanjung Pelepas-Port Kelang-Jebel Ali-Umm Qasr-Jebel Ali-Port Kelang-Hong Kong-ShanghaiService commencement: August 6th, 2018 (ETA Shanghai) with m/v EVER USEFUL voy.0GN13W1MA.Transit times references: Shanghai to Umm Qasr in 24 days…
Great Lakes Shipping Supports 237,000 Plus Jobs
The new study by the Department of Transportation Great Lakes - Saint Lawrence Seaway says that shipping supports more than 237,000 jobs and billions in economic activity.A year-long study of the economic impacts of the entire Great Lakes-St. Lawrence Seaway navigation system is a definitive and detailed report documenting the many contributions made by the Great Lakes Seaway system to federal, state/provincial and local economies.The study reports that in 2017 maritime commerce supported: 237…
North Carolina Ports Hires Chief Information Officer
North Carolina Ports announced it has hired Bill Corcoran as Chief Information Officer to grow the Authority’s Information Technology department and Business Process area.Corcoran enters his new role as CIO with nearly 30 years of experience in both the IT and maritime industries. Before joining the North Carolina Ports team, Corcoran served as the Senior Vice President of Strategy and Service Management and Vice President of Business Process and Information Technology with Mitsui OSK Lines.
ZIM, Maersk Line and MSC Partner on Asia-US Trade
ZIM Integrated Shipping Services and the members of the 2M Alliance, Maersk Line and Mediterranean Shipping Company (MSC), announced a new strategic cooperation on the Asia – U.S. East Coast trade.At present, MSC and Maersk Line operate five loops and ZIM operates two loops on the trade.Starting early September 2018, the parties will operate together five loops between Asia and the U.S. East Coast. ZIM will operate one loop while the other four are operated by 2M. The parties will swap slots on all loops.Eli Glickman…
CLIA Scouting for New President, CEO
Cruise Lines International Association (CLIA) said that Cindy D’Aoust, president and CEO, will be step down at the end of the year to focus on family priorities. D’Aoust will remain in her role until a successor is identified and will help oversee the transition of a new leader. CLIA’s Global Executive Committee are developing a transition plan that will include a search for a new president and CEO.CLIA has retained the services of executive search firm Russell Reynolds Associates to lead the search for a new president and CEO.
EOM Renews Reinsurance Program
Eagle Ocean Marine (EOM), the American Club’s fixed premium P&I and FD&D facility, renewed its reinsurance program for another 12 months from July 1 with the continuing support of its coventurers at Lloyd’s. .Eagle Ocean Agencies, Inc., the Manager of Eagle Ocean Marine, and an affiliate of Shipowners Claims Bureau, Inc., the Manager of the American Club, has recently secured the services of Simon Collins as consultant to the management team. Collins brings a wealth of experience to EOM.
Port of Oakland Unveils Clean Air Vision
The Port of Oakland has announced that it has embarked on a path to emissions-free cargo operations. The ambitious target is at the heart of a draft air quality improvement plan sent out for public review June 29. It calls for reducing criteria pollutants and greenhouse gases at Oakland’s seaport – technology, feasibility and budget willing.“This is a bold and ambitious plan. Achieving a zero-emissions seaport will take years, requiring substantial investments in transformative technology…
DP World Acquires India's Continental Warehousing
Hindustan Infralog (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announced that the transaction to acquire 90% stake in Continental Warehousing Corporation (Nhava Seva) Ltd in India has now closed.CWCNSL’s founders, the Reddy family, will retain the remaining 10% shareholding and will remain involved in the business operations. It is the first investment of HIPL, the recently created investment vehicle between DP World and NIIF to invest up to US$ 3 billion in ports…
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…
Shipping Losses Continue to Fall
Large shipping losses have declined by 38 percent overall in the past decade, according to the Safety & Shipping Review 2018 by Allianz Global Corporate & Specialty (AGCS).Further, the number of total losses declined by 4 percent to 94 last year, the second lowest number in a decade.“Insurance claims have been relatively benign, reflecting improved ship design and the positive effects of risk management policy and safety regulation over time,” says Baptiste Ossena, Global Product Leader Hull & Marine Liabilities…
Singapore, Rotterdam to Strengthen Cooperation
The Maritime and Port Authority of Singapore (MPA) and Port of Rotterdam Authority (PoR) renewed their Memorandum of Understanding (MoU) on cooperation in Information Exchange and Research and Development (R&D).Since the commencement of the MoU in 2015, MPA and PoR have been working together in key areas such as maritime cybersecurity, LNG bunkering and Next Generation Vessel Traffic Management Systems.The renewal of the MoU, signed by Andrew Tan, Chief Executive of MPA and Allard Castelein…
Barge Frequency to Rise at Marseille Fos
Frequency on the three-per-week container barge service between Fos and Lyon is to be increased to five departures each way, five days per week, from October 1 to meet growing demand for pre- and post-forwarding river links between the French Mediterranean and the Rhone-Saone hinterland. Backed by container lines CMA CGM, MSC and Hapag-Lloyd, the enhancement follows collaboration between the Marseille Fos and Lyon Terminal port authorities, Fos container terminal operators Port Synergy-Eurofos and Seayard…
The Jones Act is Good for Puerto Rico -Report
After Hurricane Maria struck Puerto Rico with devastating force on September 20, 2017, a number of news reports claimed that the Jones Act had severely damaged the Puerto Rican economy, both over time and in the immediate aftermath of the storm. Now a new report examining the role of the Jones Act shipping industry before, in the immediate aftermath of and in the months that followed the hurricane asserts that the Jones Act fleet delivers a dedicated and reliable flow of goods…
Liverpool2 to Receive New Container Services
Peel Ports’ flagship deep-water container terminal, Liverpool2, will welcome its largest regular caller to date when 2M (Maersk and MSC alliance) introduce a new transatlantic container service to the port beginning July 22, 2018.2M is switching its TA2 service from Felixstowe to Liverpool on a temporary basis. At the same time, Maersk Line’s South American service, Colombia Express, will also start calling at the port of Liverpool, exporting UK goods to Newark.Liverpool will be the final port of call for both weekly services as they head westbound across the Atlantic.
BW LPG Nominates Three Directors to Dorian LPG Board
Dorian LPG confirmed that Oslo-based BW LPG BW LPG has submitted the names of three director candidates to stand for election at Dorian's 2018 Annual General Meeting of Shareholders. Dorian LPG, is a fully-integrated liquefied petroleum gas shipping company and the owner and operator of a large fleet of 22 modern very large gas carriers, has previously received a revised unsolicited proposal from BW LPG to combine with Dorian.Dorian's Board of Directors will review all of BW LPG's actions and respond as appropriate in due course.
Dubai Maritime City Authority to Develop UAE’s Maritime Sector
The Department of Transport in Abu Dhabi signed a Memorandum of Cooperation (MoC) with the Dubai Maritime City Authority (DMCA) with an aim to promote the development, consolidation and regulation of the maritime sector based on competitiveness, sustainability, excellence and innovation.The MOC is a result of relentless efforts by both parties to establish effective strategic partnerships to elevate the UAE’s position as one of the world’s best maritime centers.The agreement was signed by Sultan Ahmed bin Sulayem…
Port of Oakland Board Elects Butner as President
Oakland business leader Cestra ‘Ces’ Butner has been elected President of the Port of Oakland’s governing Board. The Board of Port Commissioners selected their colleague for the top post at a meeting last week.Commissioner Butner succeeds Joan Story, who will remain on the Board. Commissioner Andreas Cluver was elected First Vice President by his colleagues on the Board. The Board elected Commissioner Michael Colbruno as Second Vice President. All three officers take over their new roles July 26.This is Commissioner Butner’s second term as President.
Antwerp Port Sets New Records for 1H 2018
After a record first three months the port of Antwerp has also had an excellent second quarter with May as the best month ever. During the first six months of the year the port handled 118,648,143 tonnes of freight, a sharp increase of 6.5% compared with the same period last year. The main driver continues to be container freight which experienced further rapid growth of 8.2% compared with the first six months of 2017. The strong freight figures for the first quarter continued unabated in the second quarter. The container volume for its part rose by 8.2% to 66,298,043 tonnes.
CEMS Opening Visakhapatnam Labs
Shortly after announcing the launch of its labs in Mumbai, Center of Excellence in Maritime & Shipbuilding (CEMS), a startup in skill development for maritime and shipbuilding sector, has announced readiness of its labs in Visakhapatnam.CEMS is promoted by Indian Register of Shipping (IRClass) in partnership with Siemens and support from Sagarmala, Ministry of Shipping. Its Visakhapatnam campus is located in the Indian Maritime University (IMU) premises.CEMS has planned 18 labs for its Visakhapatnam campus of which six labs are ready and will be operationalized shortly.
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…
India to Roll-out USD 156 mln Vizag Port Projects
Nitin Gadkari, Indian Minister of Shipping will inaugurate five port projects worth INR 1062 Crores (USD 156 mln ) in Vishakhapatnam today (Friday). The projects to be inaugurated include upgradation of existing iron ore handling facility at Outer Harbour of Vizag Port. This would involve modernising and upgrading the 40 year old iron ore handling facility so that it can handle larger vessels of 2 lakh DWT with loading rate of 8000 MT/hour. Capacity enhancement would be to 16.20 MTPA from 12.50 MTPA.
OTCGH Announces Freight Forward Curves
OTC Global Holdings LP (OTCGH), an independent interdealer broker in over-the-counter commodities, has announced the availability of its latest data product, Freight Forward Curves powered by EOXLive.The Freight Forward Curves provide an independent market valuation tool to support investment and trading decisions in freight markets across the globe. As with all OTCGH Market Data products, the product draws from the deep liquidity of OTCGH’s breadth of brokerages and leverages…
MarAd: Buzby in Hanoi for Meetings
On July 11-12, 2018, Maritime Administrator Mark Buzby met with the Vietnam Maritime Administration\\'s (VINAMARINE) Administrator Dr. Nguyen Xuan Sang and Deputy Administrator Dr. Bui Thien Thu in Hanoi, Vietnam. This meeting, under the implementation of the US-Vietnam Bilateral Agreement, included discussions on the topics of maritime policy, vessels safety and security, port infrastructure development, maritime workforce and mariner training. On July 12th, Administrator Buzby visited the ports of Hai Phong and Lach Huyen. The US Coast Guard and US Department of State also participated.
W&O Opens New Office in Singapore
W&O opened a new office in Singapore, signaling its expansion in the Asia Pacific region. The company said the move into Singapore is an important milestone in expanding the global support network for its customers, as it now has 18 branches and additional 5 distribution points, strategically located to support customers operating globally. “W&O has been exploring options to broaden our footprint into the Asia Pacific maritime industry, and as it is the world’s busiest transshipment port and the third largest by tonnage…
DP World Threatens Legal Action Over Djibouti Port Row
DP World threatened legal action against Djibouti after the government of the Horn of Africa nation ended a contract this year with the Dubai-owned firm for running a port facility, the company's spokesman said on Thursday.Djibouti ended the contract in February with DP World to run its Doraleh Container Terminal.The Dubai-based company said it issued its statement after "reports of the opening of the first phase of the Chinese built International Free Trade Zone, in violation of DP World's exclusive management rights.""DP World reserves the right to take all available legal actions, including
New Premises for Damen Marine Components
Damen Marine Components Netherlands (DMC NL) has laid the first foundations for its new premises in Hardinxveld, the Netherlands. Construction of new buildings reflect growth potential following company merger. With capacity for approximately 80 people, the new buildings will be used for both offices and production purposes. With construction of the new buildings beginning as the first foundation pile was driven into the ground on the site of DMC former head office, the company’s motivations to build new premises were twofold.
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…
ZPMC USA Expands Coast-to-coast
ZPMC USA is currently working on 25 cranes in nine locations that showcase a broad range of service capabilities.ZPMC USA has hired 50 new employees to support a coast-to-coast workload and its recently added parts division servicing the eastern and southern United States. Formerly known as ZPMC Crane Services, ZPMC USA has opened a warehouse in Portsmouth, Va. to complement its original parts depot in Los Angeles.ZPMC USA is the service subsidiary of ZPMC North America Inc, which is Shanghai Zhenhua Heavy Industries Co. Ltd. (ZPMC)’s operating company in North America.
Tuthill Named COO of SeaCube Container Leasing
Greg Tuthill has been named Chief Commercial Officer of SeaCube Container Leasing Ltd., one of the largest global container leasing companies in the world.Brought on board to drive strategic global growth, Tuthill will lead SeaCube’s global sales, marketing and trading teams. He is responsible for the development and implementation of evolving business strategies designed to further SeaCube’s vision of being the customer’s first choice for refrigerated intermodal equipment while also driving company growth.Most recently serving as Senior Vice President and Chief Operating Officer…
Diana Shipping Signs TC Contract for m/v Maera with ST Shipping
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ST Shipping and Transport, Singapore, for one of its Panamax dry bulk vessels, the m/v Maera. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$11,750 per day, minus a 5% commission paid to third parties, for a period of about seven months to maximum nine months. The charter commenced on July 4, 2018. The “Maera” is a 75,403 dwt Panamax dry bulk vessel built in 2013.
Diana Containerships Continues TC for M/V Domingo With CMA CGM
Diana Containerships announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with CMA CGM, Marseille, for one of its Panamax container vessels, the m/v Domingo. The global shipping company specializing in the ownership of containerships said that the gross charter rate is US$12,800 per day, minus a 3.5% commission paid to third parties, for a period of minimum eight months to maximum eleven months. The new charter period will commence on August 3, 2018.
Haas Named COO at CMA CGM America
CMA CGM America has appointed Tim Haas as its new Chief Operations Officer.Haas leads CMA CGM’s U.S. Operations team from its headquarters in Norfolk, Va. He began on June 25, 2018, and he reports to the Ludovic Renou, President of CMA CGM America.Haas has more than 27 years of experience in shipping, terminal operations and executive management. For 21 years, Haas worked at Maersk, including APMT and Sea-Land, taking on a variety of roles in the U.S. and abroad. Among his assignments…
Bryden Named CTO at PEIR
PEIR, a new app that helps the transportation logistics and shipping industries better assign costs based on responsibility for damaged shipping containers and trailers, has announced the hiring of Dr. Aaron Bryden as Chief Technology Officer and the acquisition of Tamper-Secure technology and patents from PRAXIK.Tom Burke, CEO of TCompanies, parent company of PEIR, said, “Acquiring the Tamper-Secure technology and patents from PRAXIK made a great deal of sense for PEIR as we…
Hapag-Lloyd Cutting Costs as Fuel Prices Rise
German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to slash full year earnings forecasts last month, its chief executive told shareholders on Tuesday."Major cost positions have risen more than initially expected and are pressuring operating margins," CEO Rolf Habben Jansen said in Hamburg."We are responding short-term to this development through forceful cost management and will keep Hapag-Lloyd competitive this way," he added.Among the measures being taken are accepting more valuable cargo…
Hapag-Lloyd CEO: No Big Shipping Mergers at Moment
The chief executive of German container shipping liner Hapag-Lloyd said he was not aware of major merger activities in the sector a day after a Reuters report said his company had been approached by French rival CMA CGM."We do not see major takeovers in the industry," Rolf Habben Jansen said in a statement issued on the day of the firm's annual general meeting in Hamburg."If at all, there are smaller tie-ups by niche players in the short term," he said.(Reporting by Vera Eckert Editing by Arno Schuetze)
BW Group Acquires Higher Stake in Hafnia Tankers
BW Group has entered into a definitive agreement to buy a 36.3% stake in Hafnia Tankers, a shipping company formed by the management team of former Tankers Inc. The majority of the shares will be acquired through BTS, a collaboration between Blackstone-managed funds, Tufton Oceanic and Hartmann, and the balance purchased directly from certain Blackstone-managed funds. ombined with recent purchases from other shareholders, BW Group will own 43.5% of Hafnia Tankers. Carsten Mortensen…
Scorpio Bulkers Refinances Ultramax Vessel
Scorpio Bulkers announced that the Company has entered into a financing transaction in respect of one of the Company’s Ultramax vessels with an unaffiliated third party. As part of the transaction, the Company will sell a 2015 Japanese built Ultramax dry bulk vessel, SBI Echo, for a consideration of $19.0 million and then lease it back from the buyer through a five-year bareboat charter agreement at a rate of $5,400 per day. If converted to floating interest rates, based on the expected weighted average life of the transaction…
Redzic Joins Caterpillar as Digital Enabled Solutions VP
The board of directors of Caterpillar Inc. has appointed Ogi Redzic as a vice president to lead the company’s Digital Enabled Solutions Division (DESD), effective July 30, 2018. He will be based in Caterpillar's Chicago office and report to Group President of Customer & Dealer Support Bob De Lange.DESD is comprised of the company's data analytics group, the enterprise data hub, equipment management tools, Cat Connect technologies and customer experience portals.Redzic takes over for Caterpillar Vice President Julie Lagacy, who has led DESD on an interim basis.
Boreas Maritime Opens Singapore Branch Office
Crewing agency Boreas Maritime bv, headquartered in the Netherlands, said it has set up a new regional office in Singapore to provide services and support to clients based in the Asia Pacific region.Boreas Maritime Operations Director, Pascal Bounin, said, “Having a dedicated office in Singapore is crucial to fulfilling our mission of providing the best in class crewing services to our clients around the world.”The new branch office has been formed after Boreas acquired the shares of a Singapore-based company…
Chinese Rescue Diver to Receive IMO Bravery Award
A rescue diver from China who made a series of underwater dives to rescue three people from a sunken cargo ship will receive the 2018 IMO Award for Exceptional Bravery At Sea.A Panel of Judges decided that the rescue merited the highest award. The decision was endorsed by the IMO Council at its 120th session in London (2-5 July).Following a collision with another ship, in Guangzhou Port, China, in the early morning of November 27, 2017, the bulk carrier M.V.Jin Ze Lun sank. Of the 14 crew on board, two were immediately rescued by local maritime authorities but 12 remained missing.
Chembulk Tankers Hires Two SVPs
Arthur “Art” Allen and Stuart Peerless have joined the Chembulk Southport and Singapore teams respectively in the positions of Senior Vice President of Trading – West and Senior Vice President of Trading - East. The two will be responsible for oversite of fleet allocation, chartering and client relationships in their respective hemispheres reporting directly to Chief Commercial Officer Steve Laino.Allen, a chemical tanker trader with nearly two decades of experience both at sea and ashore in commercial and operational roles…
Leadership Changes at Danos
Danos has appointed two executive team members to new roles: Reed Peré will serve as vice president of business development, sales and marketing, and James Callahan as the vice president of operations.Peré has over a decade of industry experience and began his career with Danos in 2006. He received the award for Danos’ Staff Employee of the Year in 2012 and joined the executive team as vice president of production services in 2015. In his new role overseeing sales, business development and marketing…
KNUD E. HANSEN Expands in Canada
Naval architecture and marine engineering firm KNUD E. HANSEN has set up a permanent presence in the east coast port of Halifax, Nova Scotia, allowing the Denmark based company to increase its focus on Canada’s growing maritime sector as well as the increased demand for Arctic ship tonnage.Halifax will serve as the home base for senior naval architect and project manager Sam Stark, who has been with the company since 2013. Stark is tasked with increasing awareness of KNUD E. HANSEN…
CMA CGM Made Merger Approach to Hapag Lloyd
The world's no. 3 container shipping line CMA CGM of France has made an exploratory approach to German rival Hapag-Lloyd over a possible merger as players in the sector hunt for tie-ups to beat depressed conditions, finance sources say.Three finance sources with knowledge of the matter, who declined to be named due to market sensitivity, said CMA CGM had initiated discussions in recent months with Hapag-Lloyd, which is ranked fifth globally, to look into some form of share merger of the two groups."The idea which has been proposed...
Equinor Acquires Energy Trader Danske Commodities
Norwegian oil and gas major Equinor, formerly Statoil, is acquiring the Danish energy trading company, Danske Commodities for EUR 400 million (USD 470 mln). "Equinor has reached agreement to buy 100% of the shares in Danish energy trading company Danske Commodities (DC) for EUR 400 million, with smaller contingent payments depending on DC’s performance over the next couple of years," said a press release from the company. This acquisition – of one of Europe’s largest short-term electricity traders – supports Equinor’s development towards becoming a broad energy company.
Wallenius Wilhelmsen Acquires Syngin Technology
Wallenius Wilhelmsen, the global finished vehicle logistics provider, has signed an agreement to acquire 70% of the membership interest in Syngin Technology for an initial purchase price of USD 22 million on a cash and debt free basis. "The future of logistics lies in combining digital services, physical assets and a deep understanding of logistics flows. With Syngin we boost our digital capabilities, setting us up to better support the changes we see in our customers' needs for the future", says Craig Jasienski, President and CEO of the Wallenius Wilhelmsen group.
Cosco Shipping Gets US 'Go-Ahead' for OOCL Deal
China’s Cosco Shipping Holdings Co received the clearance of a U.S. national-security review body, removing a major overhang of the USD 6.3 billion deal of taking over Orient Overseas International Ltd (OOCL). According to a Reuters' report, the U.S. Committee on Foreign Investment in the United States had notified it that it does not have any outstanding security issues following an agreement with the U.S. government to divest the Long Beach container terminal business to a third party. Cosco said the U.S.
"Vladimir Rusanov" Completes First Eastern Transit
Mitsui O.S.K. Lines (MOL) announced that the Ice-Breaking LNG Carrier "Vladimir Rusanov", which is jointly owned by MOL and China COSCO Shipping Corporation, has successfully arrived at the Bering Strait. The vessel carried out a LNG loading operation in the Yamal LNG plant at Sabetta port, before sailing for the Far East via the Northern Sea Route on 25 June. The vessel safely arrived at the Bering Strait on 6 July, and is planning to call Jiangsu Rudong port in China for an unloading operation of its LNG cargo.
THE Alliance Updates Asia-North America West Coast Service
Members of THE Alliance, Hapag-Lloyd, Ocean Network Express, and Yang Ming have announced a services update regarding their Trans Pacific - West Coast products in response of schedule integrity improvement, extensive product enhancement and better cost efficiency. The update of THE Alliance product will feature total six services in Asia/North America West Coast. The PS5 and PS8 services will conjugate into one combined service and cater for customers connecting the key ports of North China, Central China and North America gate ports.
Total Acquires Direct Energie
Total and Direct Energie announce the completion of the acquisition today by Total of 73.04% of the share capital of Direct Energie, for 42 euros per share, representing approximately 1.4 billion euros. This acquisition, which is subsequent to the satisfaction of all conditions precedent referred to in the agreements executed on April 17, 2018 with Direct Energie’s main shareholders, was followed today by the filing by Total of a mandatory tender offer for the shares in Direct Energie which are not yet held by Total, at the same price of 42 euros per share.
WISTA International Approved for IMO Consultative Status
The International Maritime Organization's (IMO) governing body, the IMO Council, approved the Women's International Shipping and Trading Association (WISTA International) application for consultative status on July 5, 2018. "Consultative status gives us the opportunity to promote diversity, inclusion and women's empowerment, which are our main aims," said WISTA International President Despina Panayiotou Theodosiou. "We can now formally contribute to the discussion for increasing capacity in our industry…
Port of Beaumont Purchases Former CB&I Property
On July 3, 2018, the Port of Beaumont formalized the purchase of the former Chicago Bridge & Iron fabrication facility located at 850 Pine Street, Beaumont, Texas for $8.25 million. To facilitate the growth of the property, the Port of Beaumont has entered into a public-private partnership with Allegiant Industrial Island Park, LLC. Initial plans for the property, to be named Port of Beaumont Allegiant Island Park, include rehabilitation of the fabrication facility and paint shop, full rebuild of the docks, and upgrades to all utilities.
InterManager Secretary General Receives Honorary Degree
Secretary General of InterManager, Captain Kuba Szymanksi, has been awarded the honorary degree of Doctor of Maritime Studies by Solent University. In addition to his role at InterManager, Captain Szymanski sits on the Executive Board of The Nautical Institute, is a Director at TK Foundation, and a Director at Seafarers Rights' International. Captain Kuba Szymanski started his sea career in 1985. He graduated from the Maritime University of Szczecin with a Master's Degree and started his deck officer career with Dorchester Maritime Limited, Isle of Man.
Manning Costs in Shipping Rises: Drewry
Cost growth returned to seafaring in 2018 and is projected to accelerate moderately on recovering vessel earnings and continued shortfall in officer numbers, according to the latest Manning Annual Review and Forecast report published by global shipping consultancy Drewry. Manning costs have risen moderately in 2018 following several years of stagnation as a recovery in most cargo shipping markets has taken some pressure off vessel operators, enabling employers to lift wage levels, particularly amongst the market-related officer ranks.
Turi Fiorito to Become New EFIP Director
Turi Fiorito has been appointed as new Director of the European Federation of Inland Ports (EFIP). He will take up his function on 20 August, 2018. Turi Fiorito comes with a solid background in EU policy making and transport, having worked as Transport Policy Advisor for a Dutch Member of the European Parliament, Wim van de Camp. In that capacity, Turi has been working on different port (Port Services Regulation), rail (4th railway package) and inland waterway issues for a number of years.
Harper Petersen Appoints New Managing Directors
Simon Aust, Managing Director of Hamburg-based shipbroker Harper Petersen, is leaving the company later this year. The management of Harper Petersen in Hamburg will be taken over by Bjoern Andersen and Arne Corleis as the new managing directors as from 1 August 2018. The global leadership team will therewith consist of three managers including Chief Representative Officer Mr. Hu Hui in Shanghai who will remain in charge of Harper Petersen Asia. Bjoern Andersen successfully built…
Steel Trade: Thyssenkrupp Restructuring After Steel Deal
Thyssenkrupp Chief Executive Heinrich Hiesinger said he would restructure the German industrial conglomerate further after signing a long-awaited deal to merge its steel assets with those of India's Tata Steel.The steel merger, which will create Europe's second largest steel business with annual sales of 17 billion euros ($19.8 billion), was finally sealed last weekend after two years of at times difficult talks.Seeking to manage expectations before a strategy presentation to the supervisory board next week…
Drydocks World Initiates Health Care Campaign
Drydocks World - Dubai organized a health care campaign in cooperation with Al Baraha Hospital and Dubai Health Authority.Employees benefited from medical tests, examinations, information and health advice from doctors and experts at 12 stations covering: safety, nutrition, urology, dermatology, physiotherapy, pharmacy, accident and emergency. This annual health care campaign aims to bring specialist medical services and educational awareness to the yard’s large workforce, in…
Cudós Tapped to Lead Engineering and Construction for SENER
SENER appointed Jorge Sendagorta Cudós to be head of the Engineering and Construction area. He was, until now, the country manager of SENER in Mexico. SENER's Engineering and Construction area, which will be managed by Cudós, comprises three Business Units: Infrastructure and Transport; Renewables, Power, Oil & Gas; and Marine. It has branches in Algeria, Argentina, Brazil, Canada, Colombia, South Korea, Chile, China, United Arab Emirates, Spain, USA, Morocco, Mexico, Portugal, UK, and South Africa.Cudós joined SENER in October 2012 in the energy sector.
EMAC Welcomes Mani To its Case Management Team
Emirates Maritime Arbitration Centre (EMAC) appoints Jyothi Mani to its expanding Case Management team. “Jyothi brings with her a great deal of case handling experience with a detailed know how as to arbitration and mediation procedures. We maintain confidence that EMAC will deliver excellence in maritime arbitration and mediation”, said Majid Obaid bin Bashir, Acting Chairman and Secretary General, EMAC. Having been in Dubai for just short of a decade, Jyothi brings with her a wealth of case management experience from the likes of Dubai International Arbitration Centre (DIAC).
KPI Bridge Oil Athens Promotes Chandris
KPI Bridge Oil, a leading global trader and broker in marine fuels, marine lubricants and risk management products, announces the promotion of Isidoros Chandris to Senior Bunker & Lubricant Consultant. Isidoros joined KPI Bridge Oil’s London office as a Bunker & Lubricant Trader in 2014, and relocated to the Group’s Athens office as a Bunker & Lubricants Consultant in 2016. Before joining KPI Bridge Oil, Isidoros spent over four years working as an Offshore shipbroker in Houston and Oslo, and as an Operations Assistant and Bunker Trader in Piraeus, Greece.
HHLA Completes Acquisition of Estonian Transiidikeskuse
Germany’s Hamburger Hafen und Logistik AG (HHLA) has completed the acquisition of Estonia’s largest terminal operator, Transiidikeskuse AS (TK). The last conditions that the sales contract dated 26 March 2018 was subject to were recently fulfilled, resulting in all shares in Transiidikeskuse AS being transferred to HHLA International GmbH. As a result, the transaction has now been completed. Chairwoman of HHLA’s Executive Board, Angela Titzrath, made this comment during a visit to the Estonian capital of Tallinn: “We’re delighted that the takeover has now been completed.
Hamburg Süd “Top Ranked Carrier” For Third Time in a Row
Hamburg Süd has been a reliable and efficient partner of US shippers of agricultural and forestry products for many years. For its outstanding performance, it was recently honored as “Top Ranked Carrier” for the third year in a row by the Agriculture Transportation Coalition (AgTC), the largest association of exporters of agricultural and forestry products in the United States. The award ceremony was held in mid-June. “Hamburg Süd won’t become complacent just because of the success it has seen so far,” says Jürgen Pump, Senior Vice President of Hamburg Süd North America, Inc.
Kalmar Sells Rough Terrain Handling Business
Kalmar, part of Cargotec, has signed an agreement to sell its rough terrain handling business, Kalmar Rough Terrain Center (KRTC), to the management and a Texas-based investment group, led by Independent Bankers Capital Funds (IBCF) and Congruent Investment Partners, LLC (Congruent). The contract was signed and is effective as of 29 June 2018. Kalmar Rough Terrain Center is a specialised manufacturer of rough terrain material handling equipment for both the defense and commercial markets. It is also a manufacturer and distributor of parts and a service provider to existing equipment.
Seaspan Shipyards Names Anttila COO
Seaspan Shipyards (Seaspan) appointed Jari Anttila as Chief Operating Officer (COO), who has more than 25 years of experience in shipbuilding and industrial operations. Previously with Philly Shipyard Inc. where he served as Senior Vice President, Anttila has considerable experience in successfully leading organizations through large shipbuilding projects. Prior to joining Philly Shipyards Inc., he held positions as Executive Vice President, Chief Operating Officer and Senior Vice President with Meyer Turku and its predecessors in Finland. Mr.
HII Names Caccavale As VP at Newport News Shipbuilding
Huntington Ingalls Industries announced today that Bryan Caccavale has been promoted to vice president of strategic sourcing for the company’s Newport News Shipbuilding division. He assumed his new role this week and reports to the shipyard’s president, Jennifer Boykin. Caccavale joined Newport News in 2002 and has held leadership positions in contracts and pricing and business management. He also served as director of business management for aircraft carrier construction, overhaul and inactivation, where he supported the CVN 80 and 81 multi-ship procurement strategy.
Hapag-Lloyd AG: Bunker Costs Rise, Earnings Sink
Maritime companies under market pressure have another negative force with which to deal: Steadily rising bunnker costs in tandem with oil's nearly year-long rise. According to Moody's, Hapag-Lloyd on June 29 revised its outlook for EBIT and EBITDA closer to the actual results for 2017 whereas previously the company expected both of those measures to increase. While Moody's noted that the weaker operating performance is a credit negative, the ratings for Hapag-Lloyd are unaffected.Hapag-Lloyd now expects to generate a full-year EBITDA in the range of €900 - €1…
AoS, Santa Marta Group Tackle Slavery at Sea
Seafarers’ charity, Apostleship of the Sea (AoS), has joined forces with the Santa Marta Group to tackle the issue of slavery at sea. The organizations are arranging a series of workshops aimed at educating and informing AoS chaplains, volunteers, port officials and police about slavery at sea and what can be done to protect and support seafarers and fishermen. The first workshop took place in Tilbury Docks earlier this year, followed by Santos, Brazil in May. More workshops will be rolled-out at ports globally.
Klein Named Carnival Maritime MD
Carnival Maritime GmbH has announced that Dr Hermann J. Klein has been appointed as its new Managing Director, starting September 1st, 2018. Klein is currently Managing Director and Group COO of CPO Holding (Offen Group) in Hamburg, Germany. He will be succeeding Lars Ljoen, who will join Carnival Cruise Lines in Miami, USA, as Head of Marine Operations. Carnival Maritime is the marine service unit for Costa Group with its brands AIDA Cruises, Costa Cruises, and Costa Asia. “Hermann Klein is a long-standing…
DP World Digitalizes Dominican Republic's Logistics System
A new electronic trade portal that will enable trade and make life easier for business has been launched in the Dominican Republic by Dubai Trade World (DT World). As a subsidiary of DP World, DT World will provide its ‘Mawani’ system that connects logistics services onto one platform, as well as management and consultancy services to DR Trade – a new joint venture company formed by DP World Caucedo and the Haina International Terminal. A recent signing ceremony in Caucedo to mark the agreement was attended by representatives of the Dominican Republic’s Ministry of Finance…
Navios Maritime Midstream Partners Gets Merger Proposal from Navios Maritime Acquisition Corporation
Navios Maritime Midstream Partners, an owner and operator of tanker vessels, announced today that its board of directors has received a proposal from Navios Maritime Acquisition Corporation pursuant to which Navios Acquisition would acquire the publicly held shares of Navios Midstream not already owned by Navios Acquisition in a stock for units exchange. Subject to negotiation and execution of a definitive agreement, Navios Acquisition is proposing consideration of 6.292 Navios…
Port Canaveral Launches 65th Anniversary Tribute
Events to commemorate Port’s history culminates with November 4, 2018 anniversaryCanaveral Port Authority employees gathered on the front lawn of the Port’s Maritime Center to raise a commemorative flag in what will be the first of a series of events acknowledging sixty-five years of Port Canaveral history, growth and success.“More than a half century ago, Port Canaveral launched its operations with military and commercial purposes, but today we are one of the world’s most diverse ports and an important economic asset for the entire Central Florida region…
Port of Oakland's Napralla Named Chief Wharfinger
The Port of Oakland named maritime veteran Eric Napralla as its Chief Wharfinger. Napralla, a 6-year Port employee, will manage seaport operations ranging from tenant relationships to facilities leasing. He replaces Chris Peterson, who retired last week after 25 years at the Port, 12 as Chief Wharfinger. “Eric brings a wealth of experience to the job,” said Port of Oakland Maritime Director John Driscoll. Napralla will manage a staff of four Wharfingers and a Senior Maritime Project Manager responsible for seaport operations.
HII Appoints Brady as Chief Operating Officer for SN3
Huntington Ingalls Industries (HII) (NYSE:HII) has appointed Sharon Brady chief operating officer of SN3, part of Huntington Ingalls Industries’ Technical Solutions division, effective June 4. In this new position, she plays a leading role in supporting SN3’s current portfolio and developing strategies for growth. Brady has been with SN3 since 2001, serving in various corporate and government contract positions. She most recently served as director of business services for the Savannah River National Laboratory (SRNL)…
Scandinavian Shipping & Logistics Acquires Unitrans
Scandinavian Shipping & Logistics acquires the forwarding company Unitrans. “By this takeover we strengthen our position as a logistics company, both in Sweden and on the global market”, says Björn Eklund, owner of Scandinavian Shipping & Logistics. By the acquisition Scandinavian Shipping & Logistics expands its’ capacity mainly within road transports and at the same time, growing with a visible presence in the south of Europe. The acquisition is part of the company’s investment in strategical growth, which includes plans for more business acquisitions.
Adani Ports Acquires Kattupalli Port
India's largest port developer Adani Ports and Special Economic Zone (APSEZ) has agreed to pick up 97% stake in Marine Infrastructure Developer (MIDPL) from Larsen & Toubro at an enterprise value of Rs 1,950 crore ($284 million). According to a press release from the company, Kattupalli Port is one of the most modern ports in India emerging as Chennai’s New Gateway for EXIM trade in Chennai/Bangalore region and provides a whole new dimension of services with speed and sophistication.
DP World Plans Logistics Facility in Ethiopia
Dubai-based ports operator DP World has revealed plans to set up a logistics facility in landlocked Ethiopia, a move that comes as the company is developing a port in neighboring Somaliland. A reuters report quoting the United Arab Emirates state news agency, WAM said that the Sultan bin Sulayem, DP World Group's chairman & CEO and chairman of Ports, Customs and Free Zone Corporation informed the media that the logistics complex in Ethiopia to cater to the landlocked African countries.
ESL Shipping Acquires AtoB@C
Finnish dry bulker ESL ShippingLtd, a shipping company fully owned by Aspo Group, is going to acquire all the outstanding shares of AtoB@C Shipping AB and AtoB@C Holding AB (AtoB@C) that offer shipping services. The enterprise value is EUR 30 million. The final purchase price will be mainly financed by Aspo's existing financing reserves, and approximately EUR 4.2 million will be covered by new shares issued by Aspo Plc. The transaction will require the competition authority's approval in Finland to be completed.