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…
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…
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.
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.
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 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.
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.
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.
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.
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…
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…
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.
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…
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…
'ReCAAPing' April's Asian Piracy, Sea Robbery SITREP
Appended are highlights of the piracy and sea robbery situation in Asia in April 2019.
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.
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…
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…
Philippines Greenlights LNG Terminal Project
Philippine power producer First Gen Corp said on Friday it has learned that the Department of Energy has approved its application for a Notice to Proceed (NTP) for the construction of its FGEN Batangas LNG Terminal Project.First Gen, which operates four power plants with a combined capacity of 2,000 megawatts running on the Philippines' Malampaya natural gas, said it has yet to received a formal notice from the DOE on the issuance of NTP.First Gen, with Tokyo Gas Co Ltd as its LNG partner, is seeking to ensure availability of imported gas for its power plants ahead of Malampaya's depletion pos
Svitzer Appoints Jeeninga, McKeating as Cluster Managers
Svitzer, aprovider of harbor and terminal towage to the global shipping industry, has recently appointed Fred Jeeninga as Cluster Managing Director, Continental Europe (Netherlands, Belgium, Georgia) and Maurice McKeating as Cluster Managing Director, UK South.Fred Jeeninga holds nearly 20 years of experience from the marine service industry. His work has taken him to Russia, Germany, Denmark, Brazil, and the Caribbean. He has been with Svitzer since 2009, most recently as Operations…
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…
APL Enhances China Southeast Asia Service
APL added Ho Chi Minh City as a port of call by its China Southeast Asia Service (CSE). This will extend the market coverage of the weekly service which currently connects Central China to the Southeast Asian markets of Thailand and the Philippines. The refined CSE will open up a route from Ho Chi Minh City to Manila with a direct sailing. Primed to be an express service from Central China to Southern Vietnam, the enhanced CSE will offer shippers an alternative ocean freight from Shanghai and Ningbo to Ho Chi Minh City.
Matson Names Dreyfus VP, Alaska
Matson has announced that Branton B. "Bal" Dreyfus has been appointed vice president, Alaska, succeeding Kenny Gill, who has resigned from the company.In his new role, Dreyfus has management responsibility for all Matson operations in Alaska, including terminal operations, customer service, sales, and financial performance of the company's terminals in Anchorage, Kodiak, and Dutch Harbor. Dreyfus reports directly to Chairman and CEO Matt Cox.Dreyfus joined Matson in 1993 as General Manager…
ReCAAP Asia Piracy, Sea Robbery Report
Piracy and Sea Robbery Situation in Asia in February 2019A total of three incidents of armed robbery against ships were reported in Asia in February 2019There was no report of abduction of crew in the Sulu-Celebes Seas and waters off Eastern SabahThere was no report of hijacking of ships for theft of oil cargoHowever, the abduction of crew for ransom in the Sulu-Celebes Seas and waters off Eastern Sabah remains a serious concernOf the three incidents reported in February 2019, one incident occurred on board ship anchored at Caofeidian anchorage in China, one incident on board ship anchored at
V. Group Acquires Global Marine Travel
V.Group acquired Global Marine Travel (ISS GMT) from Inchcape Shipping Services.The addition of GMT to V.Group’s travel portfolio doubles ticketing volumes, strengthens the management team and will enable the creation of a combined operational hub in the Philippines. At the same time, it bolsters existing travel operations with two additional International Air Transport Association licences. Both businesses will eventually operate under the GMT brand.Last year, V.Group outlined a strategy of focusing on developing its six key services lines…
ICTSI Expands Batumi Container Terminal
Philippines-based port operator International Container Terminal Services, Inc. (ICTSI) has inaugurated the newly-expanded Batumi International Container Terminal (BICT) in Georgia.The expansion encompasses both the waterside and landside areas of the multipurpose terminal, intended to optimize the processing of existing cargo flows and install additional capacity to accommodate new business.Marking the importance of the occasion, the inauguration was attended by Giorgi Kobulia…