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…
Rotterdam Port Continues to Grow in Q3
The Port of Rotterdam announced a 1% rise in cargo handing, after it handled 112.4 million tonnes of freight, meaning that the total of 353.5 million tonnes were transmitted up to the end of the third quarter.Volume growth was mainly driven by containers, crude oil, LNG and biomass. There was a reduction in the transshipment of coal and mineral oil products.Allard Castelein, Port of Rotterdam Authority CEO: "In the third quarter we again saw healthy growth in terms of containers, one of the Port Authority’s strategic spearheads.
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…
Port "Wears it Pink" for Breast Cancer
The Shoreham Port team are donning their favorite pink items and taking part in an office bake sale today in support of Wear it Pink, the annual fundraising day that raises money for Breast Cancer Now. Staff across the Port’s two offices are raising money which will be match funded by the Port.Breast Cancer Now, which merged with Breast Cancer Care earlier in the year to create the UK’s first comprehensive breast cancer charity, works to support and fund nearly 450 of the world’s…
VDL AEC Maritime Appoints Krabiell as Rep
VDL AEC Maritime as scrubber supplier has strengthened its position on the German market by entering a partnership agreement with Krabiell. With the nomination of Thomas Krabiell as the official representative of VDL AEC Maritime in Germany, it can be ensured that customers like ship-owners and ship-management companies have direct contact to the organization in order to fulfill all demands. References of more than 100 EGCS on board various types of vessels is proving the simplicity and quality of VDL AEC Maritime’s scrubber system.
Tramp Shippers Challenged by IMO 2020
Shipping companies running itinerant merchant vessels known as tramps are concerned about sourcing fuel to comply with one of the biggest ever shake-ups of the industry next year, the head of the International Chamber of Shipping (ICS) said.The International Maritime Organization (IMO) has banned the use of fuel with a sulphur content exceeding 0.5% from the beginning of January 2020, down from a maximum of 3.5% now, unless it is to power a ship equipped with a "scrubber" to clean the pollutant from exhaust emissions."We believe the (fuel) supplies will inevitably be patchy outside the main bu
ChartCo Relocates Offices to the Heart of Rotterdam
In a move which supports ChartCo’s ongoing expansion, the company is relocating from Driemanssteeweg 200 to Parmentierplein 20, Rotterdam with a brand-new technology office, thereby siting the firm at the epicenter of Europe’s largest port.ChartCo’s new central location will help to support customers and provide an excellent base from which to present the company’s innovative products. ChartCo’s dedicated Dutch sales and support team will also be based at the new site from October 18…
Tankers Switch from Clean to Dirty as Rates Surge
A recent surge in tanker rates due to U.S.
U.S. Great Lakes Ports on Pace to Beat 2018 Volumes
U.S. Great Lakes ports are on pace to beat 2018 cargo volumes following a robust September handling road salt, cement, stone, petroleum and wind energy components.“U.S. Great Lakes ports are reporting cargo growth as they support the region’s construction activity and energy needs and help our cities prepare for the winter ahead,” said Bruce Burrows, President of the Chamber of Marine Commerce. “Iron ore exports from Minnesota to Japan and China via the St. Lawrence Seaway are also continuing.”Overall, St.
Interview: Dr. Catherine Warner, Director, NATO CMRE
At CMRE, it’s not just about the science. It’s about building trust and confidence in resilient systems. An interview with Dr. Catherine Warner, Director, NATO Center for Maritime Research and Experimentation, La Spezia, ItalyTell us a little about yourself and CMRE. What does CMRE do, and how do you see your mission evolving?I came here from the Pentagon, where I was the science advisor for the director of operational test and evaluation. My experience has been working with operators on systems that they’re getting ready to field.
Grandweld Shipyards Completes 35 Years
Grandweld, a fully integrated shipyard providing shipbuilding, ship repair, and engineering solutions to serve the offshore and marine industry, has celebrated its 35th anniversary, which marked their continued excellence since its inception in 1984.The ceremony was attended by major industry key players, who have trust in the company’s outstanding deliveries and designs. Grandweld owns the most selling vessels, selling more than 60 Crew Boats of its GW42M design.In addition, the company employs over 800 professional engineers and technicians in shipbuilding and maintenance…
U.S. Sanctions Bite; Traders Shun 300 Tankers
Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new highs, industry sources said.The move has taken roughly 3% of the global oil tanker fleet out of the market, according to industry sources and data on Refinitiv Eikon, sending rates soaring to secure tankers to ship oil, particularly to Asia."Freight rates are going through the roof and people are getting very nervous with the cost of shipping…
Interview: Martin Kits van Heyningen, CEO, KVH
Connectivity is the backbone of modern maritime operations as ships and boats at sea increasingly become connected. We recently met with Martin Kits van Heyningen, CEO, KVH, to discuss the evolution of communication in the maritime sector and so much more, as KVH is diverse and engaged in a number of markets -- including autonomy for 10 years with work on about 30 different platforms for self-driving vehicles.To start, give us a “State of KVH” today.We started originally in the leisure market…
Kalmar Rolls-out New Automation System
Kalmar, a provider of cargo-handling solutions and services to ports, introduces Kalmar One, the first open automation system for container terminals.Kalmar One is a modular and scalable system that provides a robust foundation for automating container handling operations regardless of the vendor, equipment type, operation mode or automation level at the terminal."Kalmar One is the next step on our journey to promote openness in our industry. We want to speed up the industry transformation…
Fire Ranger, Resolve Team Up on Fire Safety Training
Fire Ranger and Resolve Maritime Academy Announce Partnership Aligning Live-Action Training with State-of-the-Art Fire Safety Equipment and Services.September 2019, Fort Lauderdale FL, Fire Ranger, a leading supplier of fire safety equipment and services announce their alliance partnership with Resolve Maritime Academy to incorporate modern, state-of-the-art fire safety equipment and services as part of Resolve’s academy certification programs. The partnership is a “Win Win” for academy students who will earn United States Coast Guard (USCG)…
Dachser Opens Argentina, Chile Offices
Due to the continuous growth of its South American operations, global logistics provider Dachser recently relocated both its Buenos Aires, Argentina regional office as well as its Santiago, Chile regional office to larger facilities.“The business in both Argentina and Chile is expanding and we simply outgrew our offices in these countries. We needed more employees, equipment and space to properly handle the business we have today as well as prepare for the growth we anticipate in these markets,” said Guido Gries, Managing Director Dachser Americas.
Disruptions to Global Shipping Industry Explained
Oil shipping rates are soaring following a series of sanctions on a Chinese transportation giant and limitations placed on movement of Venezuelan crude oil tankers.WHAT HAS HAPPENED TO SHIPPING RATES?The cost of chartering a supertanker to send crude oil from one country to another is rising sharply. A South Korean importer paid more than $12 million in shipping costs for one crude shipment from the U.S. Gulf Coast. This was followed by Friday's tentative charter of another crude…
Deepwater Port Posorja 1st Phase Opened
The $538 million first phase of the new Deepwater Port of Posorja in Ecuador by global trade enabler, DP World, is now completed and successfully operational.The overall $1.2 billion project will replicate Dubai's Jebel Ali Port and freezone, making Ecuador a trade and logistics hub for South America's west coast, and opening a gateway for large container ships with capacities exceeding 10,000 TEUs.Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, visited the facility to assess progress of the project, which is one of the largest international investments in Ecuador.
ShipServ Signs Pact with AMOS Group
ShipServ, the marine eProcurement platform for ship operators, announced it is set to deliver a full supplier integration solution for AMOS Group Ltd, the SGX-listed global provider of diversified products services and solutions to the marine and offshore industries.The new full integration solution will enable AMOS Group to increase efficiencies and the speed of processing multiple transactions, significantly reducing labour time as well as quickly responding to RFQs. This will…
Kudlow: Trump "open-minded" about U.S.-China Deal Prospects
White House economic adviser Larry Kudlow said on Friday that the U.S. team was "open-minded" about the outcome of U.S.-China trade talks next week, which will include deputy-level meetings on Monday and Tuesday, with minister-level meetings Thursday and Friday.Kudlow declined to make any predictions about the talks but said that there had been a "softening of the psychology on both sides" in the past month, with the United States delaying some tariff increases and China making some modest purchases of American farm products.Reporting by David Lawder
Port of Vancouver USA by the Numbers
The Port of Vancouver USA supported more than 24,000 jobs in the region in 2018, an increase of nearly 4,000 jobs since 2014, according to an independent analysis by Martin Associates. The study calculated the economic benefits tied to the port’s marine and industrial activities and was an update to the analysis conducted by the firm in 2014. The study found that 24,068 total jobs were supported by the port in 2018, including 3,910 direct jobs at port facilities, making the port, along with its tenants, the second largest employer in Clark County.
Costa Rica Begins New Direct Shanghai Service
In just six months since the inauguration of the new Moín Container Terminal (MCT) in Costa Rica, highly-trained employees are meeting all productivity KPIs outlined in the concession contract.By reducing berthing times to an average of just 10 hours per vessel, the Terminal has been able to create an additional berthing window for a new direct service to Shanghai, China.The first ship on this new commercial route arrived from Houston on Sunday, 22 September, leaving on Monday laden with Costa Rican pineapples, bananas, meat and orange juice.
India's Containerized Trade Growth Slows
India's container trade growth slowed to 1 percent (9% in the same period last year) in Q2 2019 on account of various factors like growing trade tensions and slump in manufacturing sector, Maersk said."The slow down is due to a cocktail of international factors such as slowing trade growth, and growing trade tensions – coupled with domestic factors like rural consumer distress, tightening liquidity and a slow-down in key manufacturing sectors. Combined, these triggers impacted the country’s economic activity…
Aarhus Terminals Forecasts Record Volumes
The international container terminal operating company headquartered in The Hague, APM Terminals said that its terminal at Aarhus, Denmark has broken records for reefer volumes, despite murmurings of global downturns. The company attributes it’s growing reefer business to its flexible approach.The latest figures for the terminal, August year-to-date (YTD), show an increase of more than 4% in reefer volumes compared to the same period in 2018. Helle Almind, Head of Commercial for APM Terminals sees signs of the trend continuing…
Scorpio Buys 19 Tankers from Trafigura
Monaco-based petroleum products shipping firm Scorpio Tankers has signed a deal to acquire 19 product tankers from Trafigura Maritime Logistics for around $803 million.The acquisition of the leasehold interest in the vessels includes a finance lease arrangement with a financial institution under a bareboat contract arrangement.According to the arrangement, Scorpio Tankers will acquire Trafigura Maritime Logistics’ subsidiaries that have leasehold interests in 19 product tankers.The aggregate value of the vessels is $803 million…
Maersk Tankers Acquires Seven AET Vessels
Product tanker operator Maersk Tankers has now completed its acquisition of seven chemical tanker ships, which the company wil take over from AET Tanker Holdings, a Malaysian-owned global shipping company specializing in the ocean transport of crude oil and refined products.Built in Korea in 2009 and 2010, the second-hand Handy vessels are of shallow drafted design with a good cargo intake and an increased chemical/IMO capability.“In line with our strategic goal of developing a dynamic fleet and our belief in the tanker market…