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Monday, November 12, 2018

Photo: SeaKing Electrical

SeaKing Hires Apprentices

Merseyside’s SeaKing Electrical is ushering in four new starters on the 10th anniversary of its apprentice training scheme. A grand total of 43 apprentices have now been employed by the marine electrical specialist. SeaKing employs more than 100 engineers worldwide with a track record delivering projects across Europe, Asia, Africa, the Middle East, Caribbean and USA.New apprentices Callum Mulrooney, James Fields, Michael Mcevoy Hayes and Bradley Jones will now embark on a two-year extended diploma…

Photo: PepsiCo

Inland Containerized Shipping Comes to India

Marking India’s first containerized movement on inland waterways, PepsiCo India became the first company to use containerized vessel movement for transporting products from its plant in Kolkata to the port in Varanasi. The first containerized vessel was received by Hon’ble Prime Minister of India, Shri Narendra Modi at the newly developed multi-modal terminal in Varanasi. Also, present on the momentous occasion was PepsiCo India’s President and CEO, Mr. Ahmed El-Sheikh.Speaking about this historic moment in the development of inland waterways, Mr.

Photo: GAC

GAC Inaugurates Dubai Logistics Facility

A quarter of a century after opening the first distribution center in the Middle East, GAC Dubai officially unveiled its new purpose-built contract logistics facility, at Dubai South.The inauguration ceremony was held under the patronage of His Excellency Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation (DACC) & Dubai South, and attended by GAC Group President Bengt Ekstrand, GAC Group Vice President for the Middle East Fredrik Nyström, GAC Dubai Managing Director Ronald Lichtenecker…

Photo: Abu Dhabi National Oil Company

Total Wins 40% Stake in Unconventional Gas Concession

Abu Dhabi National Oil Company (Adnoc) has awarded a 40 per cent stake in the Ruwais Diyab gas concession to French energy major Total.Adnoc group, for which the award is an important milestone to reach the target of 1 Bcfd of unconventional gas production before 2030, said in a press release that it will retain a 60% stake in the concession.Under the terms of the agreement, Total will explore, appraise and develop the concession area’s unconventional gas resources.The agreement…

Image: Port of Oakland

Port of Oakland Cargo Volume Up Despite Tariff Battle

A U.S.-China tit-for-tat over tariffs hasn’t dampened cargo volume growth at the Port of Oakland. In fact, the Port is on track for its third straight year of record container volume in 2018, stated the Port authorities.But can it last? That’s the question supply chain experts pondered this week at the quarterly meeting of the Port’s Efficiency Task Force. Forty trade and transportation executives ranging from longshore labor representatives to cargo owners gathered to discuss trade dynamics.

Pic: Port of Antwerp

Port Police Regulation in Force in Antwerp

The modification of the Municipal Port Police Regulation, the Port Instructions and related forms come into force on the 12th of November 2018 said a press release from the Antwerp Port Authority.The port and the social context in which it operates are in a constant state of flux. It is therefore essential for the Police Regulation to take account of the changing situation and requirements.In modification 3 of the Port Police Regulation various articles were modified, and various…

Angeliki Frangou. File Photo: SUNY Maritime College

Navios Maritime Containers Fleet Update

Navios Maritime Containers Inc. (Navios Containers) took delivery of Navios Miami, a 2009-built, 4,563 TEU containership in the last month.According to a press note from the growth vehicle dedicated to the container sector of the maritime industry the vessel was acquired for a purchase price of $13.9 million.The acquisition of the vessel was financed with cash on the balance sheet and a new $9.0 million term loan facility. The facility has an amortization profile of 7 years, matures…

Pic: Kalmar

Kalmar Helps Port of Long Beach to Meet Green Objectives

Kalmar's new all-electric terminal tractor is helping the Port of Long Beach (POLB) meet its eco-efficiency objectives while satisfying the commercial demands of the users of the second-busiest container seaport in the US.According to a press release from Kalmar, a part of Cargotec Corporation, POLB  in California handles trade worth in excess of $180bn from 175 shipping lines connecting to 217 seaports around the world. In 2017, more than 7.5 million container units passed through…

Pic: TORM

TORM, ME Production and GSI JV for Production for Scrubbers

Danish shipping company TORM has established a joint venture with scrubber manufacturer ME Production and Guangzhou Shipyard International (GSI).The joint venture, ME Production China, will manufacture and install scrubbers in China and deliver them to a range of maritime industry customers for both newbuildings and retrofitted vessels, said a press release from the carriers of refined oil products. TORM holds an ownership stake of 27.5% in the new joint venture. GSI is part of…

Pic: Damen Shipyards Group

Damen Shipyards to Support Drechtsteden's Economy

Damen Shipyards Group said that it would lend its support to the Economic Development Board of the Drechtsteden.The board is a strategic collaboration between business, education and government in the Dredchtsteden area of the Netherlands – an area which incorporates the locations of Damen Shipyards Hardinxveld and Damen Shipyards Gorinchem, said a press release.It plays a pivotal role in strengthening the local economy, placing economic goals, opportunities and developments firmly…

Photo: Port of Oakland

Port of Oakland Cargo Volume Up in Trade War, But Can It Last?

A U.S.-China tit-for-tat over tariffs hasn’t dampened cargo volume growth at the Port of Oakland. In fact, the Port is on track for its third straight year of record container volume in 2018.But can it last? That’s the question supply chain experts pondered this week at the quarterly meeting of the Port’s Efficiency Task Force. Forty trade and transportation executives ranging from longshore labor representatives to cargo owners gathered to discuss trade dynamics. Their consensus: cargo volume is spiking right now but could drop by January.“We’re peaking,” said a major U.S.

Panos Kirnidis BEng, MSc - CEO of PISR  (Photo: PISR)

Palau Lines Up with BIMCO

Palau International Ship Registry (PISR) is the latest registry to join the world’s largest international shipping association representing ship owners, operators, managers, brokers and agents. PISR has grown to become one of the premier SMART ship registries and joining BIMCO offers unique opportunities for the registry to work alongside some of the biggest names in the maritime sector.BIMCO is recognized throughout the shipping world for the clarity, consistency and certainty of its standard maritime contracts and Panos Kirnidis…

Kierstin M Lachtman (Photo: LSC)

Lachtman to Succeed Ludwiczak as Head of LSC

Kierstin M Lachtman is to take over as General Secretary of the Liberian Shipowners’ Council Ltd (LSC) in February 2019 from Joseph E Ludwiczak, who is retiring after 17 years at the helm.Kierstin, who will operate from the LSC offices in Dulles, Virginia, is currently Manager, Maritime Policy for Cruise Lines International Association (CLIA) in Washington DC. There, her responsibilities include developing maritime policy in concert with shipowner members, determining and co-ordinating shipping industry positions on safety…

Bob Wetta, President and CEO of DSC Dredge LLC, right, with U.S. Commerce Secretary Wilbur Ross during PAC-DBIA. (Photo: DSC Dredge)

DSC Dredge CEO Wetta Delivers Ghana Fact-Finding Trip Report

As a member of the President’s Advisory Council – Doing Business in Africa (PAC-DBIA), Bob Wetta attended the September 26, 2018 Fact-Finding Trip Report meeting in Washington, D.C., with U.S. Secretary of Commerce Wilbur Ross and 13 other U.S. Government officials. Their purpose was to deliberate and adopt the final report of the 2016-2018 term of the PAC-DBIA. Prepared by IBM’s Takreem El-Tohamy, but unfortunately unable to attend the meeting, Bob Wetta presented the Ghana information…

Photo Credit:  Odfjell

Odfjell: Chemical Tanker Market Remains Stable

Odfjell SE has reported its results for Third Quarter 2018. The results reflect a stable chemical tanker market and stable underlying results from Odfjell Terminals when adjusting for the Rotterdam terminal.Odfjell SE reports EBITDA of USD 32 million compared with USD 37 million in the previous quarter.Highlights for the third quarter of 2018:• EBITDA of USD 27 million from Odfjell Tankers compared to USD 28 million in second quarter• ODFIX was down 2.0% for the quarter compared…

Photo: SCPA

SC Ports Achieves Record Container Volume in October

South Carolina Ports Authority (SCPA) announced the highest monthly container volume in its history, with 217,035 twenty-foot equivalent container units (TEUs) handled in October. Last month’s record-breaking volumes marked an 18.7 percent year-over-year increase in container volume growth.October container traffic surpassed the Port’s previous record of 206,541 TEUs handled in August. SCPA’s fiscal year container volumes are up 10.3 percent compared to the same period last year…

Image: Norwegian Cruise Line

Norwegian Cruise Line Profits Up

Miami-based Norwegian Cruise Line Holdings reported third-quarter ended September 30, 2018 profit of $470.4 million compared to $400.7 million in the prior year. The cruise operator said in a investor release that its total revenue increased 12.5% to $1.9 billion. Gross Yield increased 4.5%. Net Yield increased 4.0% on a Constant Currency basis, outperforming guidance by 50 basis points. Norwegian expects to generate record earnings in full year 2018 and has increased its outlook above the high-end of its previous guidance range.

Paolo d'Amico. Photo: d'Amico International Shipping

Paolo d'Amico Takes Over as d'Amico International Shipping CEO

Product tanker carrier d’Amico International Shipping (DIS) has appointed current D'Amico group chairman Paolo d'Amico as new CEO.The D'Amico group's listed product tanker subsidiary said in a press statement that following the resignation of Marco Fiori, its Board of Directors resolved to grant to Mr. Paolo d’Amico all the powers of the resigning Chief Executive Officer of DIS starting from the 1st day of January 2019.Paolo d’Amico stated: “My personal involvement and dedication is to confirm…

BAM starts joint venture contract for terminal in Kitimat, BC, Canada. Pic: Royal BAM Group

BAM International Begins Kitimat Wharf Contract

The Hague-based BAM International, together with JJM Construction (Canada) and Manson Construction (USA), has received the full order to build the new Rio Tinto BC Works Terminal A on behalf of LNG Canada.The mobilisation and construction works being carried out by BAM and its partners for the Rio Tinto Terminal A expansion have started. BAM expects to complete this project in Autumn 2020.The project is valued at CAD 135 million, with BAM’s share amounting to 50% and JJM and Manson covering the other 50%.

Pic: Hapag-Lloyd

Hapag-Lloyd Profit Doubles

German shipping company Hapag-Lloyd AG more than doubled its bottom line in the third quarter compared to the same period last year on account of booking lower interest costs.The container carrier said in a press release that it made a net profit of 112.4 million euros ($128.5 million) in the quarter ended Sept. 30, compared with EUR51.6 million a year earlier, on revenue that rose 8.6% to EUR3.04 billion.Hapag-Lloyd has concluded the third quarter 2018 with higher earnings before interest and taxes (EBIT) of EUR 212.1 million (Q3 2017: EUR 178.1 million).Meanwhile…

Port of Rotterdam Authority wins the ESPO Award 2018. Photo: European Sea Ports Organisation

Port of Rotterdam Wins ESPO Award 2018

The largest port in Europe the Port of Rotterdam Authority has been awarded the European Sea Ports Organisation (ESPO) Award 2018.The award was made in recognition of the port's engagement with the city or wider community through the creation of a good workplace environment for its current and future employees and the demonstration of its investment in a diverse and inclusive environment, facilitating mutual respect, non-discrimination and personal development.The ESPO Award was handed out by the Deputy Director-General of DG Move…

Photo courtesy of The Maritime Standard

Finance Conference Speakers Take Optimistic View of Shipping Market Trends

The fourth Maritime Standard Ship Finance and Trade Conference, held at Abu Dhabi’s Sheraton Hotel and Resort, was in many ways very different from the preceding three events in this increasingly popular series. While in other years the sense of challenge and adversity was dominant, this year speakers at the one-day conference were generally much more optimistic and upbeat about market prospects, although a number of potential hazards on the road to full recovery were also much in evidence.Conference chairman…

Marina Surzhenko. Photo: Steelhead

Steelhead Asia Appoints Marina Surzhenko as New Director LNG

Steelhead Asia, a unit of the Canadian LNG export project developer Steelhead LNG, said that Marina Surzhenko has taken the role of Director LNG.Based in Singapore, Marina is responsible for developing Steelhead’s business in Asia as well as leading the negotiations of LNG offtake contracts.Marina is an energy and investment management executive with 20 years of global experience in gas and LNG contracts negotiations and contract management. During her time at Shell and Gazprom…

Image: Ulstein Group

Ulstein Verft to Finalise Color Hybrid

The hull of the 'Color Hybrid', European cruiseferry line Color Line's next flag ship that will be servicing Sandefjord-Strömstad, has arrived Ulstein Verft for completion.The ship is contracted by Color Line at Ulstein Verft and is scheduled for delivery Q2 2019, said a press release from the largest cruiseferry line operating on routes to and from Norway.The ship presents an increased capacity on the line between Norway and Sweden. The 'Color Hybrid' is the world’s largest plug-in hybrid ship, measuring 160 metres in length, and with a capacity of 2,000 passengers and about 500 cars.

Image: China Navigation Company

China Navigation Company Opens Shanghai HQ

Swire Group’s shipping arm China Navigation Company establishes presence in Shanghai where it was founded 147 years ago!The China Navigation Company (CNCo) opened its China headquarters officially in Shanghai on 05 November 2018, marking a significant return to its birthplace 147 years ago, and a significant milestone in its history, said a press release from the company.CNCo started operations on the Yangtze River in 1872, operating a modest fleet of Mississippi-style paddle steamers.CNCo is a major global player in the shipping scene today…

Pic: Sempra Energy

Sempra Energy Signs New Mexican LNG Terminal

Sempra Energy, the US group that aims to build a liquefied natural gas (LNG) export facility near Ensenada, Mexico, to serve customers in Asia moved closer to becoming reality as the natural gas utilities holding company  announced agreements with three international firms.The San Diego-based company announced in a press release that  that its subsidiaries Infraestructura Energetica Nova  (IEnova) and Sempra LNG & Midstream have signed three Heads of Agreements (HOAs) with affiliates of Total, Mitsui & Co. and Tokyo Gas Co.

Pic: V.Group

V.Group Launches Seafarer App

The global marine and offshore vessel management and support services provider V.Group  has announced that it will unveil a new app for seafarers as well as an upgraded training centre in Manila as progress accelerates on Project Embark.Project Embark is a programme designed to transform the way the leading supplier of independent ship management and related marine services handles crewing for its pool of 44,000 seafarers.A press release from the provider of marine support services said that The app will enhance the seafarers’ experience…

Pic: Safe Bulkers

Safe Bulkers Improves Bottomline

Monaco-based Safe Bulkers said that its net revenues for the three months months period ended September 30, 2018 increased by 34% to $50.1 million from $37.3 million during the same period in 2017.The international provider of marine drybulk transportation services said in a press release that its net income for the third quarter of 2018 increased by 21% to $8.1 million from $6.7 million, during the same period in 2017. Adjusted net income for the third quarter of 2018 was $8.2 million as compared to adjusted net loss of $1.8 million…

 Annaleena Mäkilä, ESPO Vice-Chair; Eamonn O'Reilly, ESPO Chairman, Zeno d'Agostino, ESPO Vice-Chair; Isabelle Ryckbost, ESPO Secretary General. Photo: ESPO

Eamonn O'Reilly Re-elected as Chairman of ESPO

Eamonn O’Reilly was unanimously re-elected as Chairman following a vote of European Sea Ports Organisation (ESPO)'s General Assembly in Brussels. E. O’Reilly has been chairing the organisation during the last two years.The General Assembly also re-elected Annaleena Mäkilä and elected Zeno d’Agostino as Vice-Chairs. Ms Mäkilä is currently Managing Director of the Finnish ports Association and has been Vice Chair since 2014.d’Agostino is President of Assoporti, the Italian Association of Ports and President of the Port Network Authority of the Eastern Adriatic Sea.

Photo: SeaCube

SeaCube Commits to Digital Transformation

SeaCube Container Leasing said it plans to provide its customers with access to leading-edge technology without the burden of a major capital financial investment.SeaCube offers a menu of options that affords customers the flexibility to develop customized solutions as well as select the technology and telematics vendor that fits their needs.“Our customers want to enhance their standard equipment offering with innovation and technology, but the initial capital outlay can often times be cost-prohibitive.

Panos Kirnidis, CEO of PISR with Jamal S Khalil, General Manager, of Al Rafedain Marine Services. (Photo: Palau International Ship Registry)

Palau Marks its Presence in Dubai

Palau International Ship Registry, the world’s fastest growing flag, added yet more vessels into its fleet with the signing of two new ship registrations during Seatrade Middle East 2018 (STMM) held last month in Dubai.Jamal S Khalil, General Manager, of Al Rafedain Marine Services signed the documents on the Palau stand at STMM to register two ships and was supported by Global Marine Consultants Group (GMCG) one of the valued partners of PISR and which helped facilitate the new signings.Panos Kirnidis…

Orion Bags $10 Mln Dredging Contract

Specialty construction company Orion Group Holdings, Inc. said it has been awarded an approximately $10 million dredging contractThe deal was awarded to company’s marine segment from the U.S. Army Corps of Engineers for the dredging of the Sabine-Neches Waterway in Orange and Jefferson counties, Texas, including the lower reach of the Neches River, the Sabine-Neches Canal and Turning Basin and the Port Arthur Canal.The project is expected to begin late in the fourth quarter of 2018 with a duration of approximately six months.

Image: Napier Port

New Zealand's Napier Port to Build Additional Wharf

Napier Port’s resource consent applications to build an additional wharf on its container terminal and carry out further dredging have been approved.According to the New Zealand port operator, it is a vital regional asset which supports local business to employ an estimated 27,000 people in Hawke’s Bay.Building 6 Wharf will allow more ships to visit, larger ships to berth and alleviate the growing congestion caused by increasing cargo volumes coming out of our thriving region.Napier…

Pic: Port of Rotterdam

Port of Rotterdam Strict on 'Polluter Pays' Principle

The Port of Rotterdam has emphasized the reinforcement of the polluter pays principle in the run-up to trilogue negotiations on the Port Reception Facilities Directive.Last month, on October the 9th, the Transport Committee of the European Parliament adopted the Meissner report on the Port Reception Facilities and gave a mandate to the Rapporteur to start negotiations with the Council to finalize the text of the new law.In the run-up to these negotiations, the Port of Rotterdam…

Pic: Synergy Group

N2Tankers Aframax Pool Launched

German shipowner Reederei Nord and Singapore-based ship manager Synergy Group, on behalf of Nissen Kaiun, have launched N2Tankers, a new Aframax tanker pool the two shipowning companies have set up as a joint venture (JV).The combined fleet currently pooled under N2Tankers consists of 13 state-of-the art Aframax tankers built to the highest standards over 2007-2018 in Japanese yards Universal Shipbuilding Corporation, Sumitomo Heavy Industries Marine & Engineering Co., Tsuneishi Holding Corporation…

Photo: Konecranes

Konecranes Introduces ARTG System Version 2.0

Konecranes has introduced the next evolution of its Automated Rubber Tired Gantry (ARTG) System, version 2.0.It can be retrofit to most brownfield container terminals. It fits most container stack envelopes. And truck handling is automated, with remote supervision.In 2013, Konecranes was the first company in the world to introduce an Automated Rubber Tired Gantry (ARTG) System on a wide commercial scale. A number of container terminal operators are now using the system. Recently…

Photo courtesy of Carnival Corporation & plc

China Cruising: Carnival Corp Launches China JV

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), has announced that its cruise joint venture with China State Shipbuilding Corporation (CSSC) will launch this week under the name CSSC Carnival Cruise Shipping Limited. The new China-based cruise company plans to operate its own fleet to serve Chinese cruise guests by the end of 2019.CSSC Carnival Cruise Shipping Limited announced an agreement to purchase two existing ships from Carnival Corporation’s Costa Group, the leading cruise operator in Europe and Asia.

Photo: Ardmore Shipping

Ardmore Shipping Partners With SEDNA

Product and chemical tanker operator Ardmore Shipping has chosen SEDNA as its new email management and team collaboration platform for their global commercial desks, including operations, chartering and commercial finance teams.According to Ha Eun Ruppelt, Ardmore Shipping’s Commercial Project Manager, the decision to choose SEDNA began with the organization’s commitment to achieving the same high standards of efficiency and operational performance in its commercial activities…

Maersk Ousts Danske Bank Chairman after Scandal

Danske Bank's largest shareholder, the Maersk family, has ousted the lender's chairman after a money laundering scandal that has also forced out its chief executive.A.P. Moller Holding, which controls about 21 percent of the share capital in the bank, has nominated Karsten Dybvad, who currently heads the Confederation of Danish Industry, to replace Ole Andersen as chairman of Denmark's largest bank.The move is a rare example of Denmark's Maersk family, which controls shipping giant A.P. Moller-Maersk through A.P.

Logo: MacGregor

MacGregor Cleared to Acquire TTS' Marine & Offshore Units

MacGregor, a part of Cargotec, has yesterday received a clearance decision from the German Federal Cartel Office (Bundeskartellamt) for the company's acquisition of the marine and offshore businesses of TTS Group ASA, which was announced on 8 February, 2018.  The completion of the intended transaction is still subject to regulatory approvals in China and South Korea. MacGregor expects to receive these approvals by the end of 2018 and to complete the transaction, according to the agreement, as soon as possible thereafter.

Pic: Philippine Ports Authority (PPA)

Manila Ports Utilization Remains Healthy

Philippine Ports Authority (PPA) informed that the cargo volume in the country has registered a modest hike in the first seven months of the year despite the sluggish performances from almost all aspects of local and foreign trade.Latest data from the Philippine Ports Authority (PPA) showed that Philippine cargo traffic totaled 147.271 million metric tons (MMT) in the January to July 2018 period or a 2% hike compared to the 144.412 MMT handled in the same period last year.The…

(L)Alexandra Anagnostis-Irons (R) Despina Panayiotou Theodosiou (Photo: Total Marine Solutions)

TMS, TOTOTHEO Maritime Sign Sales Agreement

Total Marine Solutions (TMS) and TOTOTHEO Maritime Limited has announced a strategic sales partnership agreement whereby TOTOTHEO will act as exclusive sales agent and customer service representative for Ocean Guardian in the Republic of Cyprus.Developed by TMS, in collaboration with Brenock, Ocean Guardian is a digital tool that provides shipboard operators with immediate access to environmental regulations around the world. The software system removes the guesswork from environmental compliance…

Belinda Ward (Photo: North P&I Club)

North P&I Club Launches Mind Matters Campaign

North P&I Club  launched its new ‘Mind Matters’ campaign, including a confidential helpline for crew provided in partnership with the International Seafarer’s Welfare and Assistance Network (ISWAN).The new campaign aims to raise awareness of mental health and well being at sea. It provides North P&I Club’s members and their crew with a number of resources and support materials to support their emotional well being at sea and to provide guidance on where to access additional help if needed.The resources include a new confidential helpline…

ZIM and MSC Continue Black Sea Service

Container carriers ZIM and MSC  announced that the joint Black Sea Service, to meet agricultural season demand, will continue during 2018-19. The service will commence in Ashdod on week 46, November 15, 2018, operating on the following rotation: Alexandria – Ashdod – Novorossiysk – Alexandria.The weekly service, operating two vessels, will have a fixed Ashdod Friday departure.

Kathy Metcalf, CEO CSA

WISTA Elects New BoD, Honors 2018 Personality of the Year

Kathy Metcalf, CEO of the Chamber of Shipping of America, was honored as the 2018 WISTA International Personality of the Year.New WISTA BoardWomen's International Shipping and Trading Association (WISTA) elected Connie Roozen, Director of C&B More (WISTA the Netherlands) as Treasurer and Angie Hartmann, Vice President Crew Affairs, Starbulk S.A. (WISTA Hellas) as Board Member, to the WISTA International Executive Committee at their 38th International Annual General Meeting in TromsØ, Norway on October 24, 2018.

Sarah Kenny. Photo:  BMT

BMT CEO Sarah Kenny is Maritime UK Vice Chair

Maritime UK has confirmed the appointment of Sarah Kenny as Vice Chair. Kenny is CEO at BMT Global.Maritime UK is the sector’s umbrella body, bringing together the shipping, ports, services, engineering and leisure marine industries to drive growth by promoting the sector, influencing government and fostering collaboration. The sector supports just under 1 million jobs and contributes around GBP40bn to GDP.Kenny will start her two-year terms on 1 December. Current Chair, David Dingle has served since 2015.Dingle…

Pic: Port of Everett

Port of Everett Becomes First Port to Receive Federal Rail Loan

U.S. Transportation Secretary Elaine L. Chao announced that the U.S. Department of Transportation’s Build America Bureau will provide up to a $5.95 million Railroad Rehabilitation and Improvement Financing (RRIF) loan to the Port of Everett in the State of Washington. The Port of Everett is the first Port to make it through the complex loan process.“I’ve been proud to work with the Port of Everett to secure federal investments to ensure the Port continues to meet the demands of the 21st century economy, and I’m thrilled to see the federal government bring even more resources to the table.

Pic: The Bellingham Shipping Terminal (BST)

Port of Bellingham Announces Shipping Terminal Contract

International cargo vessels are expected to arrive at the Bellingham Shipping Terminal on a regular basis as the result of a new service contract between the Port of Bellingham and Ports America.Ports America entered negotiations with the port after several of its shipping customers requested use of the Bellingham Shipping Terminal. Ports America is the largest terminal operator and stevedore in the United States.“This is a major turning point for the Bellingham Shipping Terminal,” said Port Commission President Ken Bell.

Pic: PitPoint

PitPoint.LNG Preps Europe’s First STS LNG Bunkering Station

PitPoint.LNG, a joint venture between PitPoint clean fuels and Primagaz Nederland BV, received the official permit for the construction of Europe’s first shore-to-ship (STS) bunkering station for LNG in the Port of Cologne.With this important milestone now in place, the civil engineering work can start for the LNG bunkering station, which is scheduled to be operational by the second quarter of 2019.Since the plan for the new bunkering station was announced in June last year, PitPoint.LNG has been working hard to complete the thorough and substantial permit application process.The permit…

Maritime Administrator Welcomes Cadets to Annual Women on the Water Conference

Maritime Administrator Mark H. Buzby welcomed female cadets from the seven U.S. maritime academies to the 10th annual Women on the Water Conference, held November 1-3 in Castine, Maine. The conference, sponsored by the Maine Maritime Academy (MMA) in partnership with the U.S. Department of Transportation’s Maritime Administration (MARAD), showcases the successes of women in the maritime industry.“The demand for a highly trained mariner workforce increases daily,” said Administrator Buzby.

Rick Fieldman, Bouchard Transportation's Risk Manager (Image: credit Bouchard)

Bouchard Names Fieldman as Risk Manager

Bouchard Transportation has announced that Mr. Rick Fieldman has joined the Company as Risk Manager.As Risk Manager, Rick will oversee the day to day handling of all marine insurance matters, while also assisting management with the renewal process for marine insurance coverage. In addition, Rick will be responsible for the day to day handling of all marine insurance claims matters, as well as assisting management with any incidents that may arise.Rick Fieldman has over forty years of experience in the marine insurance field…

Jack Buona, Superintendent of the U.S. Merchant Marine Academy

Marad Taps Buono as USMMA Superintendent

Maritime Administrator Mark Buzby has announced Jack Buono as the new superintendent for the U.S. Merchant Marine Academy.Buono will take command at the Academy on November 9, having most recently served as President and CEO of ExxonMobil’s shipping subsidiary, SeaRiver Maritime, Inc.“As a Kings Point graduate who spent his entire career in maritime leadership roles, Mr. Buono will help educate and inspire the next generation of maritime cadets,” said Maritime Administrator Mark H. Buzby.Following his graduation from the U.S. Merchant Marine Academy, Buono worked his way up from a U.S.

Image: Klaipeda State Seaport Authority

EU Approves State Aid for Lithuania’s Klaipėda LNG Terminal

The European Commission said that the EC has approved under EU State aid rules the compensation granted by Lithuania to LITGAS for supplying a mandatory quantity of liquefied natural gas (LNG) to the LNG terminal in Klaipėda.In November 2013, the Commission approved under EU State aid rules an aid scheme to support the construction and operation of a liquefied natural gas (LNG) terminal at the Klaipėda seaportin Lithuania The LNG terminal has, since its construction, played a vital role in the diversification of gas supplies and security of supply in Lithuania.In June 2018…

Welcome to Lineage Cool Port Oakland, one of the world’s most advanced food storage and transportation hubs. Photo: Business Wire

Port Oakland Opens Cold Storage Facility

Lineage Logistics  and Dreisbach Enterprises announced the official opening of Lineage Cool Port Oakland, the world’s latest next-generation cold storage and logistics facility.Set on 25 acres at the Port of Oakland’s waterfront, Cool Port will serve as the newest hub for temperature-controlled cargo transitioning through Northern California.Cool Port is a collaboration between warehousing and logistics industry leaders Lineage and Dreisbach, with additional funding and support from the Port of Oakland and the State of California.

Pic: APM Terminals Bahrain

APM Terminals Bahrain IPO Aims to Raise USD 30 mln

Port operator APM Terminals Bahrain plans to raise around BHD12m ($32m) through its planned initial public offering (IPO). This is the first IPO for a transport and logistics company in the Kingdom to list on the Bahrain Bourse. The listing forms part of the contractual agreement made when the port opened in 2009.APM Terminals Bahrain will offer 18 million shares, equivalent to 20 per cent of its issued share capital, at BHD0.66 per share. The net proceeds will be paid to its current shareholders pro-rata based on their shareholding.

Pic: Wärtsilä

Wärtsilä Sells Pumps Business to Solix Group

Finnish technology group Wärtsilä has divested its pumps business to Solix Group, a Scandinavian investment company with offices in Copenhagen, Denmark and Malmö, Sweden.According to a press release from the marine technology giant, Wärtsilä Pumps has belonged to the Wärtsilä Marine Solutions organisation and became part of the company along with the acquisition of Hamworthy in 2012. The Wärtsilä Pumps business recorded sales of approximately 50 MEUR in 2017.The divestment will enable Wärtsilä to devote greater focus to its Smart Marine vision.

Pic: Hutchison Ports London Thamesport

London Thamesport Eyes Short-Sea Container Hub Status

Hutchison Ports London Thamesport’s growing reputation as a short-sea container hub has been further enhanced by Helsinki-based Containerships plc’s introduction of a second weekly service from Gdynia, Poland.Containerships has chosen the Kent based port for its second direct service to and from the southern part of the UK. The service offers regular and fast connections with Poland, with improved service and transit times from Gdynia of 3-4 days and 4-6 days for the return journey.Mark Taylor…

Milaha Reports 10% Increase in Net Profit

Qatar Navigation (Milaha) Q.P.S.C. has announced its financial results for the nine months ended September 30, 2018. Key financial highlights:•Operating revenues of QAR 1.8 billion ($494 mln) for the nine months ended September 30, 2018, compared to QAR 1.7 billion ($466 mln) for the same period in 2017•Operating profit of QAR 314 million ($86 mln) for the nine months ended September 30, 2018, compared to QAR 200 million ($54 mln) for the same period in 2017•Net profit of QAR 400 million ($109 mln) for the nine months ended September 30…

Victoria Freeman (Photo: KPI Bridge Oil)

KPI Bridge Oil Promotes Freeman to CFO

KPI Bridge Oil, a global trader and broker in marine fuels, marine lubricants and risk management products, has announced the promotion of Victoria Freeman to Chief Financial Officer.Freeman, 34, joined KPI Bridge Oil as Accountant in 2009 and was promoted to Group Financial Controller in 2013 when she took overall responsibility for the accounting and finance functions across the Group’s 9 offices worldwide. Coincidentally, she also celebrates her 9th anniversary with the Group on November 1…

Image: BP

BP Completes $10.5-billion BHP Billiton Acquisition

London-based BP Plc BP has completed the $10.5-billion acquisition of BHP’s U.S. unconventional assets in a landmark deal that will significantly upgrade BP’s U.S. onshore oil and gas portfolio, in a move that upgrades and repositions its American onshore business.The portfolio includes assets in the highly-prized Permian-Delaware basin in Texas, along with two premium positions in the Eagle Ford and Haynesville basins in Texas and Louisiana (see map, below).The assets currently produce 190…

Image: Port of Helsinki

Port of Helsinki Launches Separate Company for Ship Services

Finland's main port Port of Helsinki Ltd is preparing for the implementation of the requirements of the EU’s Port Services Regulation by transferring ship services covered by the regulation to a subsidiary company.From 1 January 2019 onwards, the new company South Finland Port Service Ltd, owned by the Port of Helsinki Ltd, will be responsible for vessel mooring and unmooring. Some sixty employees will be transferred to the new company.Kari Noroviita, technical director at Port of Helsinki Ltd…

Photo: DP World

DP World, NIIF Win Bid at Mumbai's JNPT

Global port operator DP World said its joint venture (JV) with National Investment and Infrastructure Fund (NIIF)  has won the bid to build a Free Trade Warehousing Zone (FTWZ) at Jawaharlal Nehru Port Trust (JNPT)  Mumbai for USD 78 million."Hindustan Infralog Private Limited (HIPL), a joint venture between DP World (65%) and the NIIF (35%), has won the bid to develop and operate the FTWZ at India’s largest container gateway – JNPT for $78mn," said a press statement from the…

Image: Ocean Network Express (ONE)

ONE Drags Down NYK Line Earnings

Container line joint venture Ocean Network Express (ONE) dragged down NYK Line in the first half of 2018 ended September 30 with with Japanese shipping group in the red.NYK Line reported a loss of JPY 9.7 billion for the six months ended September 30, compared with a JPY6.2 billion profit a year earlier. The consolidated revenues amounted to JPY 915.6 billion, down from JPY 1,064.2 billion in the same period of the previous fiscal year.The new shipping line ONE, which was established with the aim of integrating the container shipping business with those of Kawasaki Kisen Kaisha, Ltd.

Image: Westports Malaysia

World’s Biggest Container Ship on Maiden Call at Westports

The world’s biggest container ship, OOCL United Kingdom, made her maiden call at Malaysia's Westports in Port Klang on her way to China.The OOCL United Kingdom, with a carrying capacity of 21,413 TEUs, is one of the carrier’s six ‘G Class’ vessels and they are currently the world’s largest container ship.The vessel berthed at Container Terminal 8, Westports new container wharf that was completed in 2017.Westports has earmarked nine high-performance ship-to-shore cranes to handle OOCL United Kingdom’s containers.

Photo: Gordon Dadds Group

Gordon Dadds Acquires Maritime Law Firm Ince & Co

Gordon Dadds Group plc said it agreed to buy one best known names in maritime law Ince & Co International.The merged firms will become a new global legal business and the largest listed law firm in the UK by revenue.Ince is a network of affiliated international commercial law firms, serving its global client base from offices across Asia, Europe and the Middle East. For the year to April-end it generated revenue of GBP52.5 million."The parties are now engaged in the detailed contract negotiations and are aiming for completion by 31 December 2018," said a press release from the UK firm.

Photo courtesy of Wallem Ship Agency

Wallem Supports Polish Tall Ship’s Call to Hong Kong

Wallem Ship Agency was appointed to handle the recent call of the full-rigged Polish tall ship, the S.V. Dar Młodzieży to Hong Kong.The tall ship arrived in Hong Kong on October 26, 2018 and was berthed at China Merchants Wharf until 29th October. This stop in Hong Kong marked an official one on the ship’s round the world journey which will see it visit 21 ports in 18 countries.The Dar Młodzieży, a school sail training ship, was launched in 1981 at Gdansk shipyard in Poland. The ship is manned by a crew of 32, plus an additional 135 cadets, and is owned by the Gdynia Maritime University.

Photo: Gothenburg Port Authority.

Gothenburg Port Container Traffic Up by 20%

Freight volumes passing through the Port of Gothenburg during the year to date are as follows. Container traffic is up 20% compared with the preceding year, and energy product flows remain consistently strong.A press release from the deep-water port in the Scandinavian region said that new car figures rose by 4% but now appear to be levelling off, albeit at a high level.During the first nine months of the year, container traffic increased by 20% and rail traffic by 7%, said Sweden-based Port of Gothenburg.Energy products totalled 17.7 million tonnes…

Kalmar T2e Terminal Tractor. Image: Kalmar

Kalmar Supports Port of Long Beach Electrification

Kalmar, part of Cargotec, has signed a contract to supply a fully electric Kalmar Ottawa T2e electric terminal tractor to Long Beach Container Terminal (LBCT) for a six-month demonstration period. The order was booked in Cargotec's 2018 third-quarter order intake with delivery scheduled for Q1 of 2019. A press release from the cargo handling solutions and services provider the Port of Long Beach, California, is the second-busiest container seaport in the U.S. and handles trade…

Lloyd’s Register (LR) announced that John Hicks is President of Americas Marine & Offshore.

Hicks takes the Helm at LR Americas

Lloyd’s Register (LR) announced that John Hicks is President of Americas Marine & Offshore. Hicks returns to the U.S. after two years of leading LR’s Global Passenger Ship Center in Trieste, Italy as Global Passenger Ship Sector Manager and Italy’s Marine Manager. Previously based in the U.S., he was Business Development Manager for the Americas as well as LR’s Applied Technology Group (ATG).One of the key priorities for John in his new role is continued focus on LR’s expansion of its Digital Innovation services.

Pic: Seaboard Marine

BBC Chartering Joins Seaboard to Create “Andino Service”

As part of their mission to improve services for shippers moving cargo between the US Gulf Coast, Jamaica, and ports in Ecuador, Peru and Chile, Seaboard Marine and BBC Chartering are pleased to announce a new strategic cooperation which will be marketed as “Andino Service.”A press release from the international shipping company based in Leer, Germany said that beginning as early as November 2018, BBC and the ocean transportation service provider in North America Seaboard Marine…

Pic: Martin Bencher Group

Martin Bencher expands in North America

Scandinavian based Shipping and Freight Forwarding company Martin Bencher expands in North America with an office in Vancouver, BC, Canada.A press release from the project logistics company quoted  Peter Thorsoe Jensen, CEO MB Group as saying: “North America is a very important project market for the Martin Bencher Group and with an office in Vancouver, BC, Canada, we are in a better position to service existing and new customers in the Pacific North West and throughout Canada.”“After 10 years of successful operation in the USA…

Photo: Hyundai Merchant Marine

Hyundai Merchant Marine Mulls Fleet Capacity of 100 million TEUs by 2022

The South Korean container carrier Hyundai Merchant Marine (HMM) has chalked out an ambitious blueprint for expansion.The ocean carrier's CEO C.K. Yoo presented HMM’s target of building up its capacity to 100 million TEUs and posting USD 10 billion in annual revenue by 2022, during an employees  gathering at HMM HQ in the Seoul office.HMM recently ordered twelve 23,000 TEU and eight 15,000 TEU eco-friendly mega vessels in preparation for the IMO’s sulfur regulations starting from 2022…

© Nightman1965 / Adobe Stock

UK Tax Regime Continues to Provide Stability for Shipping

International accountant and shipping consultant Moore Stephens has outlined a number of unexpected changes introduced by the UK Budget 2018 which could have implications for the shipping and offshore maritime industries. But it stresses that these are relatively minor alterations which will have a limited impact on what continues to be a stable tax regime for the maritime sector.The Annual Investment Allowance (AIA) will increase from £200,000 ($254,000) to £1 million ($1.27 million) per annum for all qualifying investments in plant and machinery made between January 1…

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Bulk Sector Prospects Perking Up

The bulk sector is navigating its way out of the doldrums but market correction has come at a price, delegates attending Bulk Terminals 2018 learned last week.Speaking in Hamburg at the annual conference of the Association of Bulk Terminal Operators, Frachtcontor Director Frank Grone said that while the bulk segment is slowly but steadily working its way out of the doldrums with a positive cash flow, he reminded delegates that 60mdwt was scrapped in 2015 and 2016 at “ridiculous prices”…

Global Ship Lease Merges with Poseidon Containers

Global Ship Lease, Inc., Poseidon Containers Holdings LLC and K&T Marine LLC has announced that they have entered into a definitive merger agreement for a stock-for-stock transaction representing a total transaction value of over $780 million on an asset value basis to create a leading containership charter owner focused on mid-sized and smaller vessels. The combined company will have a fleet of 38 vessels with a total capacity of 198,793 TEU, an average fleet age weighted by TEU of 10.7 years…

Photo: JAXPORT

JAXPORT Sets Container Volume Record

JAXPORT’s public seaport terminals achieved record growth in container volumes, recording double-digit growth during the fiscal year ending Sept. 30, 2018. JAXPORT moved nearly 1.3 million twenty-foot equivalent units (or TEUs, the industry standard for measuring containers), a 23 percent increase over 2017. JAXPORT has set container volume records the past three years.When combined with the containers handled through private terminals, the Port of Jacksonville is Florida’s largest container port complex.The Asian container trade continues to show significant growth…

The Minister of State for Road Transport & Highways, Shipping and Chemicals & Fertilizers, Mansukh L. Mandaviya. Photo: PIB, Govt of India.

Number of Indian Seafarers Jump by 42.3%

The number of seafarers in India has seen an unprecedented growth of 42.3% due to various policy level changes brought in by the Government in the last four years, said a Minister in India.According to Mansukh Mandaviya, Minister of State for Shipping, Road Transport & Highways, Chemical & Fertilizer, from 108,446 seafarers in 2013, India now has 154,349 seafarers. India now provides 9.35% of the global seafarers and ranks 3rd in the list of the largest seafarer supplying nations in the world.At present, there are 17 lakhs seafarers globally including the 154,349 Indian seafarers.

Pic:  Eagle Marine Services

Eagle Marine Services Announces Rebrand to Fenix

Eagle Marine Services (EMS), an EQT Infrastructure III-owned container terminal which is one of the largest in the Twin Ports of Los Angeles and Long Beach, today announced the launch of a new corporate brand identity and name.Effective immediately, the organization will be known as Fenix Marine Services. The Fenix name represents the reinvention of what was once the most technologically advanced facility in North America.The rebranding also marks an important milestone in the company’s execution of its value creation plan…

Photo: COSCO Shipping Ports

COSCO Shipping Ports Revenue Surged by 62.6%

COSCO Shipping Ports said that its revenue  for the three months ended 30 September 2018  surged by 62.6% to US$253.0 million. The net profit for the same period rose by 11.8% to US$75.1 million.The  ports operator in a press release also said that the revenue for the nine months ended 30 September 2018 was surged by 73.5% to US$748.4 million where as adjusted net profit rose by 46.6% to US$244.1 million,For the nine months ended 30 September 2018, the Group’s total throughput increased by 20.6% to 87…

Sailors’ Society CEO Stuart Rivers presented ING ship-finance managing director David Grant with a certificate of support (Credit: Geoff Garfield)

Sailors’ Society Celebrates 200 Years

Maritime welfare charity Sailors’ Society’s 200th anniversary events continued with the annual ING wine-tasting evening, which this year raised a glass to the charity’s 200th anniversary.This was the sixth annual wine-tasting hosted by ING at its London headquarters. More than 50 guests attended the evening, where expert sommelier Richard Yates of Ellis Wines guided on wines sourced from countries in which the charity operates.Stuart Rivers, who presented ING ship-finance managing director David Grant with a certificate of support…

Harald Solberg (Photo: Norwegian Shipping Association)

A New Age for Norwegian Shipping

It’s about more than maritime. Harald Solberg, CEO of the Norwegian Shipping Association, sees a world of opportunity from his office overlooking Oslo. Here he talks markets, innovation, ocean developments, and even rubbish. Norway, he believes, has a leading role to play.Harald Solberg is 42, but looks younger. Hearing him outline a career that has so far taken in politics, media, the Norwegian Royal Palace, and, of course, shipping, is a little surreal. For a moment one wonders who he’s talking about – his boss…

Image: Nor-Shipping

Nor-Shipping Appoints First Sustainability and Technology Chief

Nor-Shipping is continuing its mission to build ‘your arena for ocean solutions’ with the recruitment of its first Head of Sustainability and Technology, Silje Bareksten.A press release stated that the development marks another step in an evolution that aims to realign the event week to support, serve and enable the maritime industry of tomorrow."Over the course of 2018 Nor-Shipping has rebranded, repositioned to help its maritime base exploit the potential of increasing ‘ocean industry’ activities and announced that its exhibition Hall A will now focus on the Blue Economy…

Image: Seabury Maritime

Seabury Maritime Expands Executive Team

The global maritime and transportation investment bank and industry advisory Seabury Maritime PFRA (SMPFRA), a division of Seabury Capital Group, announced the appointment of Fernando Lehrer as Executive Director, Head of Marine Services, and Nikos Petrakakos as Vice President, Head of Maritime Environmental Innovation.Lehrer and Petrakakos are joining the SMPFRA’s leadership to further advance the company’s strategy to provide an integrated platform to its clients that delivers…

Pic: Abu Dhabi Ports

Abu Dhabi Ports Acquires Damen Tug Boats for Khalifa Port

Abu Dhabi Marine Services “Safeen”, the marine services subsidiary of Abu Dhabi Ports, announces the purchase of two new state-of-the-art tugboats from Damen Shipyards Group aimed at supporting the AED 10 billion] expansion of Khalifa Port, Abu Dhabi Ports’ flagship deep-water port.The purchase of the DAMEN ASD 2411 tugboats was announced at the Abu Dhabi International Boat Show 2018. The contract was signed by Captain Adil Ahmed Banihammad, Acting Chief Marine Services Officer at Safeen, and Pascal Slingerland, Regional Sales Director for Damen Shipyards Group.

Pic: APM Terminals Moín

Costa Rica Grants Green Light to Moín Terminal

APM Terminals’ Moín Container Terminal (MCT) in Costa Rica has been granted permission by the National Council of Concessions (CNC) to start commercial operations at its first deep-sea berth. This is a key step for the terminal, which is on schedule to be fully operational in February 2019.The permit, which is subject to meeting all safety and service requirements, will enable the transfer of all commercial container ships currently serviced at Puerto Limón and Puerto Moín to the MCT.

Pic: Kenya Ports Authority

Mombasa Port Receives Largest Container Vessel

Port of Mombasa of Kenya Ports Authority (KPA) pilots has received Mediterranean Shipping Company (MSC) container vessel MSC Maxine  master one of largest container vessel to dock at the facility.The port has registered a new performance record of 1450 moves within an eight-hour shift in the container operations, said a press release."The record was set by MSC Maxine in her maiden call at the Port of Mombasa on Wednesday beating the previous record of container carrier Livorno of 1265 moves registered late June this year…