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Tuesday, November 12, 2019

Philippines News

Pic: International Maritime Organization (IMO)

GloFouling Crosses 12 Lead Partnerships

The GloFouling Partnerships project, is a joint initiative between the Global Environment Facility (GEF), the United Nations Development Programme (UNDP) and International Maritime Organization (IMO) ,  has 12 Lead Partnering Countries.Indonesia and Mexico have recently joined Fiji, Tonga, Brazil, Madagascar, Mauritius and Philippines as those which have already established their national task forces. Jordan, Sri Lanka, Peru and Ecuador will join in the coming months.The project…

Enrique K. Razon Jr., ICTSI Chairman and President (center, fifth from left), Dr. Safaa Al-Fayyadh, Director General of the General Company for Ports of Iraq - GCPI (7th from the left) and Chief Atheal Abid Ali Salman, North Port Director, Umm Qasr (fourth from the left). Photo: ICTSI

Iraq's Umm Qasr Ready for Bigger Ships

Philippines-based International Terminal Container Services Inc. (ICTSI) formally inaugurated two new berths in the port of Umm Qasr, Iraq’s main dry cargo port.The inauguration marked both the opening for business of the two new berths 25 and 26 with a depth of 14 meters, and the completion of ICTSI’s overall $250m investment program at its Basra Gateway Terminal (BGT) making the port capable of receiving box ships of up 14,000 teu.Located in Umm Qasr’s North Port, BGT operates a high capacity container terminal together with specialized facilities for the handling of general cargo…

Kimberly Oropesa (Photo: ShipMoney)

ShipMoney Expands in the Far East

Specialized global maritime payments provider ShipMoney continues to expand its presence in the Far East with a new appointment in The Philippines.The company has hired Kimberly Oropesa to join its team in Manila. Kimberly has worked in sales and marketing since graduating in 2013. For the past three years she has worked in the maritime sector and was the Soroptimist International Women’s Opportunity Awardee in 2013 for being an inspiration to her fellow women. Kimberly will be…

CMA CGM Launches Trade Finance Service

French shipping line CMA CGM has launched Shipfin Trade Finance (STF) , its new range of financing services dedicated to importing and exporting, in partnership with invoice finance platform Incomlend.The STF portfolio of products is, according to the carrier, “simple, reliable and rapid,” offering importers and exporters tailored financial solutions ranging from extended payment terms to financing advances.CMA CGM Group further explained that it wants to support its customers’ business through financing solutions tailored to their needs.

© Igor Groshev / Adobe Stock

Tankers Unable to Offload in Malaysian Port

Refineries at Port Dickson on Peninsular Malaysia's west coast are unable to receive crude oil after a port facility that carries crude from the ships to the plants broke down.A system known as a single point mooring (SPM) unit, a loading buoy anchored offshore that allows tankers to offload their crude via pipeline to the refineries, has been out of service, the refinery operators said.The SPM connects to a refinery operated by Hengyuan Refining Company Bhd (HRC), a subsidiary of China's Shandong Hengyuan Petrochemical Co…

Photo: CMA CGM

CMA CGM Launches SHIPFIN Trade Finance

CMA CGM launches SHIPFIN Trade Finance, its new range of import and export financing solutions.An innovative offering of simple, reliable and rapid financial services;Two complementary solutions for importers and exporters: Supply Chain Financing and Cargo Financing;CMA CGM is accelerating its Customer Centricity strategy to offer its customers tailor-made solutions supporting the development of their business.Discover SHIPFIN Trade Finance…

Image:  International Maritime Organization (IMO)

France Conducts Training on Port Management

An intensive training on port management and operational efficiency was delivered to high-level officials and decision-makers from maritime and port authorities around the world.The annual five-week course, delivered by the Institut Portuaire d’Enseignement et de Recherche (IPER), concluded on 11 October in le Havre, France.The 33rd Advanced Course on Port Operations and Management welcomed 19 participants from 19 countries. Seven of these participants were women. The participating countries were Algeria…

Image: Tsuneishi Shipbuilding

Tsuneishi Philippines Delivers First Boxship

Tsuneishi Shipbuilding has delivered its first containership newbuilding from its yard in the Cebu, the Philippines.The Philippines yard’s first container vessel, a 1,944 teu Bangkok Max sized ship was delivered on 10 September. The Bangkok Max is the largest size of vessel that can call the port of Bangkok, and the Tsuneishi design is larger than the standard 1,800 teu capacity."Standard Bangkok Max carriers can generally be loaded with about 1,800 20-FT containers, but our new carrier can be loaded with 1…

Hijo International Port Services, Inc., Philippines. Photo: ICTSI

ICTSI Posts Strong H1

Philippines-based international container terminal operator ICTSI has reported a massive increase in profit and a substantial increase in revenues for the first half of 2019.First half throughput rose 7% to 5.04 million teu and came on good revenues, leading to a 42% jump in net profit to $128.5 million, said a press release from the global port management company.ICTSI attributed its profit growth during the six-month period to  volume growth, tariff adjustments for certain services at multiple terminals…

AdobeStock / © Redindie

China Trade Data Calms Jittery Investors

Stronger-than-expected Chinese export data helped push global stock markets higher on Thursday following a volatile week that had investors scrambling for safety on fears of a worldwide economic pullback.Investors were encouraged by data showing Chinese exports rose 3.3% in July from a year earlier, beating an expected decline of 2%. Chinese imports fell less than forecast, despite the U.S.-China trade war.Markets reacted sharply on Monday after China let its currency weaken beyond 7 yuan per dollar, a surprise move that investors took as retaliation for U.S.

Pic: International Container Terminal Services, Inc.

ICTSI Manila Adds More Equipments

The port and terminal operator International Container Terminal Services (ICTSI) said that  its flagship Manila International Container Terminal (MICT)  recently took delivery of another new quay crane (QC) and eight new hybrid rubber tired gantries (RTGs).According to a press release, the terminal has the largest fleet of modern container-handling equipment in the Philippines today with 18 QCs and 58 RTGs.Manufactured by Shanghai Zhenhua Heavy Industry Co. Ltd. (ZPMC), the QC is part of the five from ICTSI’s 2018 USD80-million capacity improvement program package.

Pic: MOL

MOL’s LNG Pioneer Rescues 4 Castaways

Japanese shipping giant Mitsui O.S.K. Lines, Ltd (MOL) said that its liquefied natural gas (LNG)carrier LNG Pioneer safely rescued four castaways in the Pacific Ocean about 270km off Davao in the Island of Mindanao, the Philippines.The Bahamas-flagged LNG Pioneer was sailing off the coast of Davao Oriental province in the southern Philippines when it came across the distressed crew floating in the water aboard what was left of their fishing boat.The sequence of events was as follows:At 11:28 (all times in local time) on July 5…

Interferry CEO Mike Corrigan explains why the global trade association is poised to take its work to the next level.

Interferry Charts a Course for Growth

Interferry CEO Mike Corrigan explains why the global trade association is poised to take its work to the next level.While I respect the mantra of cautious optimism, I can’t help feeling genuinely excited that 2019 could prove to be a milestone year in the continuing growth of Interferry’s influence as the global voice of the ferry industry. We’ve come a long way since our US origins in 1976 as what was essentially a networking movement, but developments in recent months already suggest we are on course for yet more enhancement of our present-day worldwide networking and lobbying relationships.

Waving company's flags by Delgado, chairman of TDG(left)and Kudo of NYK (right). Photo: NYK Line

NYK-Fil Celebrates Its 30th Anniversary

NYK-Fil Ship Management, the provider of qualified Filipino seafarers to international-going vessels of NYK Line, held a ceremony in Manila to celebrate the 30th anniversary of the company’s establishment and the completion of a renovation of the head office.The NYK Group company said in a press release that The ceremony was attended by Yasumi Kudo, NYK senior adviser; J. Roberto C. Delgado, chairman of the Philippine-owned business group  Transnational Diversified Group (TDG);  Josephine J.

Photo:Stena Bulk

Stena Bulk Asks to Visit Crew of Seized Tanker

The British operator of the tanker seized by Tehran, Stena Bulk, made a request on Sunday, July 21st, to visit the 23 crew members of the seized tanker Stena Impero, and is expecting a response from the Iranian government.A statement from the tanker operator quoted President and Chief Executive of Stena Bulk, Erik Hanell, as saying: “I can confirm a formal request for permission to visit the 23 crew members of the Stena Impero has been made to the authorities at the Port of Bandar Abbas.“The request has been acknowledged, but we await a formal response.

Pic: Dream Cruises

Dream Cruises Welcomes Third Ship

Dream Cruises, a luxury cruise line owned by Genting and based in China welcome “Explorer Dream” in Shanghai as the third ship in its Dream Cruises fleet.Dream Cruises held the christening ceremony for the former SuperStar Virgo at Shanghai Wusongkou International Cruise Terminal. Chinese designer Grace Chen served as the godmother and presented a fashion show with 18 models showcasing her 'Voyage' collection, walking a runway on the Palace Pool Deck."Formerly the “SuperStar Virgo” of sister brand Star Cruises…

Captain Andrew Kinsey, Senior Risk Marine Consultant with Allianz Risk Consultant (ARC)

Shipping Losses Lowest This Century as New Dangers Emerge

The Allianz Global Corporate & Specialty AGCS) Safety & Shipping Review 2019 provides a unique and in-depth look at the emerging risks facing international shipping stakeholders.Large shipping losses are now at their lowest level this century having declined by over 50% year-on-year, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2019. The annual study analyzes reported shipping losses over 100 gross tons (GT). AGCS provides global marine and shipping insurance for all types of marine risk…

APL Enhances Japan Thailand Vietnam Service

APL has announced that the Japan Thailand Vietnam (JTV) service is extending its port rotation to the Philippines and within South China. The refined service will be calling three additional ports in Manila, Shekou and Nansha as part of its service rotation.The enhanced JTV service is primed to facilitate direct shipments from the load ports in South China to the Philippines, promising a fast 3-day Shekou-Manila transit time. The weekly service will also provide direct access to Laem Chabang in Thailand from Manila.

File Image: a thwarted pirate attack (CREDIT: IMB)

'ReCAAPing' April's Asian Piracy, Sea Robbery SITREP

Appended are highlights of the piracy and sea robbery situation in Asia in April 2019.

Basra Gateway Terminal. Photo: ICTSI

ICTSI Net Income Up 22% in 2018

Manila-head quartered port and terminal operator International Container Terminal Services (ICTSI) has released solid results for 2018. ICTSI’s box volumes were higher, revenues increased and the group generated higher profit.The port operator said in a stock exchange annoucement that its consolidated volume higher by six percent to 9,736,621 twenty-foot equivalent units (TEUs) (FY2017: 9,153,458 TEUs) and revenue from port operations increased 11 percent to US$1.4 billion (FY2017…

Image: Oceana

30% of Sea Needs Protection by 2030

To keep the planet flourishing, 30 percent of Earth needs protection by 2030. Today about eight percent of the ocean and 15 percent of land is protected."We’re on track to reach a global goal of protecting 10 percent of the ocean and 17 percent of the land by 2020, but world leaders need to dramatically boost ambition if we are to protect our natural resources and the people and wildlife that depend on them," said Oceana, an ocean conservation and advocacy organization.Oceana has joined the world’s leading philanthropists and ocean conservation organizations…

Manila International Container Terminal, Philippines.  Photo: ICTSI

ICTSI Manila Yard Utilization Falls Again

The global port management company International Container Terminal Services Inc.(ICTSI) said yard utilization at its Manila port dropped 58 percent in June despite a series of holiday periods and low trucking activity.The Manila International Container Terminal (MICT), ICTSI flagship, recorded the drop in utilization rates despite recording its all-time highest throughput over a four-month period.Philippines-headquartered port and terminal operator said that this follows the 70 percent utilization rate recorded in April…

Sailors assigned to the Arleigh Burke-class guided-missile destroyer USS Nitze (DDG 94) prepare to receive cargo for off load during a replenishment-at-sea with the fleet replenishment oiler USNS Big Horn (T-AO 198). Nitze is deployed to the U.S. 5th Fleet areas of operations in support of naval operations to ensure maritime stability and security in the Central Region, connecting the Mediterranean and Pacific through the western Indian Ocean and three strategic choke points.) (U.S. Navy photo b

Delivering parts, fuel, mail over 52 million square miles

In Port and at Sea: NAVSUP Fleet Logistics Center Yokosuka Supports Navy Ships and Crews. Understanding how that happens can benefit commercial stakeholders, as well.As the post-Cold War Navy once again faces near-peer competitors at sea, it must reposition itself and step up sustainment of ships at home and abroad. While admittedly a goal in logistics is to provide material and services in a stable and predictable fashion, so that operations can proceed unimpeded, that goal sometimes runs counter to the unpredictable nature of military operations.

Pic: Hanjin Heavy Industries & Construction – Philippines (HHIC-Phil Inc.)

Hanjin Heavy, EEI Team Up

South Korea’s Hanjin Heavy Industries & Construction Co. Ltd. (HHIC) has partnered with Yuchengco group-led construction firm EEI Corp in Philippines.In a stock exchange announcement, EEI said that it formed a partnership with HHIC for upcoming construction projects. No other details were provided by both companies regarding the deal.The two companies have previously teamed up for local projects such as the Berth 6 Manila International Container Project.According to a report in Inquirer…

Pic: MOL

MOL Sets Terms of Green Bonds

Japanese shipping major Mitsui OSK Lines (MOL), the first company in Japan to issue sustainability bonds aimed at individual investors, has revealed interest and investor details of its new JPY 20bn ($185.7 million) “sustainability bonds” to fund its latest green initiatives.The funds raised will be used for several purposes, including establishing a maritime academy in the Philippines and installation of environmentally friendly equipment or scrubbers on board its vessels. The new bonds will be offered to both institutional and individual investors.

Pic: Norwegian Cruise Line Holdings.

NCL Plans Crew Training facility in Manila

The third-largest cruise line in the world Norwegian Cruise Line (NCL)  announced plans for the development and construction of the Norwegian Cruise Line Center of Excellence, a new shipboard seafarer training facility near Manila in the Philippines.The Center, which will serve both new and existing crew and provide training for various service-related jobs, is due to open in late 2020, said a press release from Norwegian Cruise Line Holdings.Norwegian said the facility will be "designed to provide trainees with realistic work and living experiences aboard a cruise ship…