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Saturday, June 6, 2020

Prince News

(Photo: Port of New Orleans)

Evergreen Line Launches New CAJ Service

Evergreen Line has launched a new weekly container service between South America, the Caribbean and the U.S. mainland.Evergreen will have three vessels in the service rotation, which will include calls at Manzanillo, Panama; Colon-Coco Solo, Panama; Kingston, Jamaica; Port Au Prince, Haiti; Port Everglades; New Orleans; Houston before returning to Manzanillo, Panama.Port NOLA President and CEO Brandy D. Christian said the new service further strengthens New Orleans’ direct connectivity and offers additional options.

Norsepower CEO and co-founder Tuomas Riski.

Interview: A Return to Wind Power with Tuomas Riski & Norsepower

Norsepower CEO and co-founder Tuomas Riski has put a new spin on some established technology, bringing wind power back to shipping in an undeniably eye-catching manner. Here Nor-Shipping’s latest ‘Ocean Action Hero’ explains the benefits of his firm’s unique technology, his plans for building global market presence, and the key role Norsepower’s sails can play in enabling a more sustainable shipping industry. “But isn’t there a problem that some people think it looks, you know… a bit odd?” Tuomas Riski laughs at a question that you quickly get the feeling he’s dealt with before.

© Emmanuel Campos / Adobe Stock

Record Oil Output Cuts Fail to Make Waves in Coronavirus-hit Market

The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a mountain to climb if they are to restore market balance as the coronavirus shreds demand and sends stockpiles soaring, industry watchers said.After several days of discussions, oil producing and consuming countries aim to remove nearly 20 million barrels per day (bpd) or 20% of global supply from the market, Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Monday.The oil market has barely shrugged, however: Brent crude gained 1.5% on Monday, while U.S.

Image: DP World

DP World Buys North American Terminal

Dubai-based port operator DP World announced it has completed the acquisition of Fraser Surrey Docks in Canada from Macquarie Infrastructure Partners (MIP) alongside its partner Caisse de dépôt et placement du Québec (CDPQ).The enabler of global trade said in a press release that said the acquisition complements its footprint in Canada, which also includes terminal operations in Vancouver, Nanaimo, Prince Rupert and St John’s, without disclosing the value of the purchase.The integrated coast-to-coast platform provides customers with bulk…

Colleen Stephens (Photo: PVA)

Stephens Elected PVA President for 2020

Colleen Stephens, President of Stan Stephens Glacier & Wildlife Cruises will be President of the Passenger Vessel Association (PVA) for 2020, the trade association announced.Elected during the PVA Annual Convention at MariTrends 2020 held February 3-6, 2020 in Tampa, Fla., Stephens reaffirmed PVA's commitment to continuously improving safety in passenger vessel operations as well as the association's engagement in being good stewards of the environment. "PVA's Green WATERS program…

Image: GE Power

HMS Prince of Wales Completes Sea Trial

HMS Prince of Wales, the second of the U.K.’s Queen Elizabeth Class aircraft carriers, has recently completed a successful sea trial in Scottish waters.The ships are the largest ever built for the Royal Navy and the carriers are powered by GE’s energy-efficient, integrated full-electric propulsion system.As part of the Aircraft Carrier Alliance, GE’s Power Conversion business has provided the HV Distribution system, HV Drives and Propulsion Motors as well as the Electrical Power Control and Management system.GE also supplied the HV Generators to support generating power for the entire carrier.

Photo: DP World

DP World to Invest $500 in Jeddah Port Upgrade

The global port operator DP World has been awarded a 30-year Build-Operate-Transfer (BOT) concession by the Saudi Ports Authority (Mawani), for the management and development of the Jeddah South Container Terminal at the multi-purpose Jeddah Islamic Port.According to a press release from the UAE-based world leader in global supply chain solutions, under the agreement, DP World will invest up to $500 million to improve and modernize the Jeddah Islamic Port, including major infrastructure development to enable the Port to serve the ultra-large container carriers (ULCC’s)…

Photo: WindEurope

Prince Frederik to Address WindEurope Event

Crown Prince Frederik of Denmark will deliver the opening address at the WindEurope Offshore 2019, which is claimed to be the world’s largest event dedicated to offshore wind.The event, which will take place in Copenhagen from 26 to 28 November, will gather 9,000 participants and more than 400 exhibitors as the industry gears up to help deliver Europe’s goal of becoming carbon neutral by 2050.After Crown Prince Frederik of Denmark the Prime Minister of Denmark on 26, November, Mette Frederiksen, will address the event.

Photo: International Chamber of Shipping (ICS)

UAE Joins ICS

UAE maritime industry, yesterday (Tuesday 24th September) saw the UAE Shipping Association (UAESA) becoming a full member of the International Chamber of Shipping (ICS).The signing, which took place on Day 2 of Seatrade Shiptech at the Madinat Jumeirah, Dubai, UAE, will provide a framework for closer collaboration between the two associations. The event is a part of the UAE Maritime Week taking place under the patronage of His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum…

Photo: Saudi Aramco

Aramco Rapidly Restores Production Capacity

Saudi Arabia's oil and gas giant Saudi Aramco announced that it will fully restore its production capacity by the end of September, in light of the Saturday's drone attacks that caused disruptions on around half of the country's oil capacity.Prince Abdulaziz Bin Salman, Minister of Energy, and HE Yasir Rumayyan, Chairman of Saudi Aramco, Mr. Nasser said: “The terror attacks on our plants at Abqaiq and Khurais were timed to create maximum damage to our facilities and operations.

Image: Shoreham Port

Shoreham Welcomes Maiden Barrett Cargo

UK's cargo handling port on the South Coast Shoreham Port has welcome the first shipment of steel to the Barrett Steel site, following the assignment of the lease for the steel premises at the Port.Barrett Steel, who are the largest independent steel stockholder in the UK, had their first cargo vessel arrive at the Port, it said.Dave Bunker, General Manager Operations at Shoreham Port said “The vessel MV Jevenau arrived Sunday carrying 878 bundles of steel sheet piles weighing 3…

Pic: Canadian National Railway

Evergreen, CN Extend Intermodal Pact

Canadian National Railway (CN) and Taiwanese container transportation and shipping company Evergreen Line announced that their long-standing relationship of 27 years will continue with a new agreement extending their intermodal partnership.Evergreen and CN have long enjoyed a mutually beneficial partnership, with Evergreen calling at CN served ports such as Vancouver, Prince Rupert, and Halifax. This new agreement furthers the privileged relationship between both companies.“We are pleased to be renewing our partnership with CN…

Cosco, CN Extend Intermodal Pact

Canadian National Railway (CN) announced that COSCO Shipping has chosen CN to be the exclusive rail provider for the Chinese state-owned shipping company's discharge at the Ports of Vancouver, Prince Rupert, Montreal, and Halifax to all currently served CN destinations.“We are proud that CN’s supply chain logistics and focus on growth has earned the continued trust of COSCO shipping’s business,” said Keith Reardon, senior vice-president of consumer product supply chain at CN.“This is yet another strategic contract signed recently.

File Image: A Chinese Naval Frigate underway. CREDIT: AdobeStock / © Vanderwolf

China Mulls Hormuz Naval Escort Role

China might escort Chinese commercial vessels in Gulf waters under a U.S. proposal for a maritime coalition to secure oil shipping lanes following attacks on tankers, its envoy to the United Arab Emirates said on Tuesday."If there happens to be a very unsafe situation we will consider having our navy escort our commercial vessels," Ambassador Ni Jian told Reuters in Abu Dhabi."We are studying the U.S. proposal on Gulf escort arrangements," China's embassy later said in a text…

file image of US Navy assets underway (CREDIT: USN)

US to Work "aggressively" for Free Gulf Passage

U.S. Central Command chief General Kenneth McKenzie said on Thursday it was talking to other countries about freedom of navigation in the Gulf and would work "aggressively" to find a solution to enable free passage.The United States has beefed up its military presence in the Middle East over a perceived Iranian threat and is asking allies to help protect strategic waters off Iran and Yemen, following attacks on oil tankers in Gulf waters in recent months."We are currently talking…

File Image: One of DP world's many intermodal terminals. (CREDIT: DP World)

DP World Acquires Fraser Surrey Docks

DP World, one of the world's largest port operators, said on Thursday it has agreed to buy Canadian marine terminal Fraser Surrey Docks from a Macquarie Group fund.The purchase consideration is below 2.5 percent of DP World's net asset value as of December 31, 2018, the port operator said, which Reuters calculated to be under $300 million.The marine terminal, is being acquired through Canadian subsidiary DP World Canada Investment Inc, which is 45 percent owned by Caisse de dépot et placement du Québec (CDPQ).The deal is expected to close in the first half of 2019, DP World said.

Pic: ZIM Integrated Shipping Services (ZIM)

ZIM's New Call to Port of Prince Rupert

Canada's Port of Prince Rupert, and DP World Prince Rupert announced a new weekly marine carrier service at the Fairview Container Terminal.ZIM Integrated Shipping Services (ZIM) partnered with the 2M Alliance and has added Prince Rupert as one of their port destinations.With a global reach to over 100 countries, the new ZIM service has made its inaugural call at the Port of Prince Rupert on Wednesday, March 27, 2019 with the arrival of ZIM containers on the Maersk Altair vessel.“The Prince Rupert Port Authority is proud to welcome ZIM.

Pic: King Abdullah Port

King Abdullah Port Inaugurated

Saudi Crown Prince, Deputy Premier and Defence Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud inaugurated the King Abdullah Port in Rabigh.The Saudi Arabia’s State News Agency (SPA) reported that Saudi Arabia moved one step closer to its goal of becoming a global logistics hub with launch of the King Abdullah Port.The port, part of King Abdullah Economic City, will make the Kingdom “a linking point of three continents, Asia, Europe and Africa,” the crown prince said at the launch.Minister of Transport Nabil Al Amoudi said the port…

File Image: CREDIT Zim

ZIM, 2M Alliance Expand In Asia

ZIM and the members of the 2M Alliance, Maersk and MSC, has announced a second strategic cooperation agreement following the agreement announced in July 2018 in the Asia-US East Coast Trade.The new strategic operational agreement, which will be a combination of Vessel Sharing, Slot exchange and purchase, covers two additional trades: Asia - East Mediterranean and Asia - American Pacific Northwest. In each trade, two strings will be operated in cooperation, as follows:Asia - East…

Pic: Prince Rupert Port Authority

Prince Rupert Port Authority Invests in Skeena River Salmon

Canada's  Prince Rupert Port Authority announced an initiative to support salmon enhancement in the Skeena River watershed.The Skeena River Salmon Enhancement Program dedicates $1 million from PRPA’s Community Investment Fund specifically to partner with local organizations on projects that increase salmon stock productivity and the maintenance and rehabilitation of critical habitat in the Skeena River watershed.The fund will also seek to support innovative pilot projects that will achieve these objectives and support the health…

Image: Fairview Container Terminal

Fairview Terminal Reaches 1 Million TEU Milestone

The British Columbia’s Port of Prince Rupert and DP World have marked a historic milestone as Fairview Container Terminal handled its millionth container (TEU) for the first time in a calendar year.The 40-foot TEU was loaded with dimensional lumber in Prince George before being shipped to Prince Rupert by train and loaded onto the COSCO Africa container ship to be sent to market.“DP World is proud to have achieved the million TEU milestone,” said Maksim Mihic, General Manager DP World (Canada) Inc.

HH Sheikh Hamed attends opening of the CSP Abu Dhabi Terminal at Khalifa Port 3 (Photo: Abu Dhabi Ports)

CSP, Abu Dhabi Ports Partner

COSCO SHIPPING Ports and Abu Dhabi Ports inaugurated CSP Abu Dhabi Terminal at Khalifa Port; positioning Abu Dhabi as the regional hub for COSCO’s global network of 36 ports and further connecting the Emirate to the major trade hubs along the Belt and Road Initiative (BRI).The deepwater, semi-automated container terminal includes the largest Container Freight Station (CFS) in the Middle East, covering 275,000 square meters. It offers facilities for full and partial bonded container shipments…

Mark Bowden  (Photo: Intermarine UK)

Intermarine UK Appoints Bowden

Intermarine UK has named former A&P Falmouth procurement manager Mark Bowden as its new production manager.Bowden will be in charge of day-to-day operations at the company’s newly opened 2,400sqm fabrication and welding facility at Portland Port in Dorset.Intermarine UK, part of Polish-owned Inter Marine Group, signed a 20-year lease on the site at the start of this year and has since invested $832,900 in new machinery. The move has enabled the business to evolve from a labor…

Canada's Second Largest Container Terminal's Transition to Navis N4 TOS

DSP Data and System Planning successfully supported the transition of DP World Prince Rupert Terminal, the  second largest container terminal in Canada, to the NAVIS N4 terminal operating system (TOS).Prince Rupert selected Navis N4 to improve efficiency, guarantee scalability and sustain their expansion plans.The Prince Rupert Terminal expansion was unveiled in August 2017 to increase the facility’s capacity by 50%, making it one of the fastest growing container ports in North America.Part of the expansion involved installing massive cranes…

Mike Rodwell. Photo: Fred. Olsen Cruise Line

Fred. Olsen Cruise Line’s MD Mike Rodwell to Retire

Fred. Olsen Cruise Lines’ managing director, Mike Rodwell, is to retire at the end of August 2019, following 15 years in the role and 31 years with the business.Mike has worked across a number of the Fred. Olsen businesses since he joined the group in 1987, with his first role as accountant for Fred. Olsen’s first-ever designated cruise ship, Black Prince.Following this initial role, Mike spent four years as Financial Controller for Fred. Olsen Travel, before a brief period as Financial and Commercial Manager for Fred.

Richard Branson. Photo: Virgin

Richard Branson Resigns as Chairman of Virgin Hyperloop

Sir Richard Branson has stepped down from his role as chairman of Virgin Hyperloop One, saying the company "needs a more hands-on chairman."DP World statement said Branson was stepping down due to the increased commitment of time the position requires.Following the resignation Branson DP World, the largest shareholder in Hyperloop, said it was looking for a new chairman to take the company to the next stage of growth.Commenting on the announcement, Sultan Ahmed Bin Sualyem, Group Chairman and CEO of DP World…