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Wednesday, January 16, 2019

File Image: Evergreen Marine Corp

Taiwan's Evergreen Opens Four New Offices in Latin America

Taiwanese container transportation and shipping company  Evergreen Marine Corp. is expanding its operations into Central and South America this year following the recent opening of four new agency offices in the region."In view of the growth potential in Latin American trade, Evergreen Line is continuing to establish its own offices at main service locations in the region. The move will strengthen the effectiveness of the line’s operations, improve its capability to react to market opportunities…

Luc De Clerck (Photo: Avantida)

Maersk Offers Street Turn Services in the US, Canada

Avantida, an E2Open company, has announced that Maersk, has started to offer street turn services on their platform in the United States and Canada. This represents Avantida’s first step into the US and Canadian markets.Empty container triangulation, or the interchange of an intermodal container outside of a marine terminal or yard (street turns), is a well-known activity in the US. By offering this on Avantida’s online platform, transporter and logistics companies are freed from the administrative hassle of having to request and process street turns manually.

The U.S. Gulf Coast port of Corpus Christi has evolved into the nation's most active crude export complex. CREDIT: Port of Corpus Christi, Texas

First U.S. Crude Cargoes Head to China Since Trade Breakthrough

Three cargoes of U.S. crude are heading to China from the U.S. Gulf Coast, trade sources said on Monday, the first departures since late September and a 90-day pause in the two countries' trade war that began last month.The vessels left Galveston, Texas, last month and are scheduled to arrive at Chinese ports between late January and early March, according to shipbrokers and vessel tracking data. The shipments mark a change since Chinese buyers largely began avoiding U.S. oil during the trade dispute that flared last summer."It looks like China has resumed purchasing U.S.

Color Carrier. Photo: Color Line

Color Line Expands Oslo-Kiel Freight Route

The Norwegian shipping company Color Line said that its newly purchased ro-ro ship M/S Color Carrier sailed for the first time from Hjortneskaia in Oslo to Kiel in Germany.Color Line can transport approx. 80,000 trailers annually on this stretch. This corresponds to a continuous string of trailers from Oslo to Tromsø in the far north of Norway."This initiative is an important contribution to strengthening the environmentally friendly sea route that represents a collective solution for the transport of goods," said CEO Trond Kleivdal.

Pic: Maritime and Port Authority of Singapore

Singapore: Container Throughput Grew by 8.7% in 2018

The Port of Singapore maintained a stable performance in 2018. Container throughput grew by 8.7 per cent to 36.6 million twenty-foot equivalent units (TEUs), and total cargo throughput remained stable at 630 million tonnes.Singapore also retained its position as the world’s leading bunkering port, said a press release from Maritime and Port Authority of Singapore (MPA).Singapore continues to be home to a diverse range of maritime businesses, with more than 5,000 maritime establishments in Singapore generating over 170…

Photo: Evergreen

Evergreen Opens Four Offices in Latin America

In view of the growth potential in Latin American trade, Evergreen Line is continuing to establish its own offices at main service locations in the region. Evergreen Line has opened its own agency in Colombia following the establishments of other offices in Peru, Chile and Mexico over the past few months. In setting up these offices Evergreen confirms its continued commitment to serving the trade and economy of Latin American west coast region. The dedicated personnel at these locations will have responsibility for local marketing and sales…

Photo: Port of Kiel

Color Line Expands Kiel – Oslo Cargo Capacity

The Norwegian shipping company Color Line operates the additional freight ferry “Color Carrier“ on the route Kiel – Oslo as of January 11th to increase its freight-carrying capability.On the occasion of its inaugural call, the Lord Mayor of Kiel, Dr Ulf Kämpfer, PORT OF KIEL Managing Director Dr Dirk Claus and the Executive Manager of Sartori & Berger, Jens Broder Knudsen, welcomed the captain of the “Color Carrier”, Nils Sivertsen”, to the capital city of Schleswig-Holstein and handed over the traditional inaugural plaques during the onboard reception.

Pic: Port of Amsterdam

Record Transshipment at Port of Amsterdam in 2018

Port of Amsterdam achieved a new transhipment record in 2018 with transhipment totalling 82.3 million tonnes, compared to 81.3 million tonnes in the previous year.Together with the other ports in the North Sea Canal Area, total transhipment consequently amounted to 101.8 million tonnes in 2018, said a press release from the 4th busiest port in Europe by metric tonnes of cargo.This is revealed in the provisional transhipment figures announced today. Transhipment in IJmuiden rose by 1% to 18.6 million tonnes. Beverwijk saw transhipment decline by 9% to 0.7 million tonnes.

Captain Jeff Dixon, President, TOTE Services

Captain Jeff Dixon takes over as President of TOTE Services

Captain Jeff Dixon has assumed the role of President of TOTE Services following the retirement of Rear Admiral Phil Greene Jr.Dixon joined TOTE Services in May 2017 and has served as the Vice President of Marine Operations – Government and Commercial since starting with the company.Prior to his time with TOTE Services, Dixon was a captain in the United States Coast Guard and spent 27-years on active duty. Most recently he served in command of Sector Jacksonville where he exercised Captain of the Port authority including the three strategic ports of St Mary’s/Fernandina…

Image: Oceania Cruises

Fincantieri to Build Two New Ships for Norwegian's Oceania Cruises

The largest shipbuilder in Europe Fincantieri and the US Group Norwegian Cruise Line Holdings Ltd. signed a contract for the construction of two new generation cruise ships for the Oceania Cruises brand, with delivery scheduled respectively in 2022 and 2025, which will start the “Allura-Class”.The agreement has an overall value exceeding 1 billion euros.With about 67,000 tons and the capacity of accommodating approximately 1,200 passengers on board, these units will be the new flagships of Oceania Cruises future fleet…

Image Credit: Crowley

Crowley Adds Capacity to North Atlantic Puerto Rico Service

Crowley Logistics announced today that it has expanded its North Atlantic network of vessels, adding velocity to customer supply chains operating between the Northeastern U.S., Puerto Rico, the Dominican Republic and the islands of the Caribbean Basin. Specifically, by adding additional capacity with the flat deck barge 455-4 to its rotation, Crowley will further stabilize its North Atlantic-Puerto Rico sailing schedule while increasing cargo capacity. “Earlier this year, we surveyed our customers…

Image: McCarthy (Image provided by the company)

McCarthy to Build Container Yard at Port Houston

US-based construction company McCarthy Building Companies began construction in Oct. on a new container yard within Port Houston, located in Pasadena, Texas.According to a press release from the 150 years old company, the project with Port Houston, will be a 45-acre expansion on the existing Bayport Container Terminal in continued efforts to grow and modernize the port.The development will aid in the port’s ability to serve the continued growth of Houston’s container exports of finished petrochemical…

Pic: Tsakos Energy Navigation

TEN WIns Three Year Charter for Two Product Tankers

Greek shipping company Tsakos Energy Navigation (TEN) announced 36-month long charters with min/max provisions for two product tankers to a major oil concern.At a minimum, these two fixtures combined are expected to generate $33.0 million of gross revenues, the provider of seaborne crude oil and petroleum product transportation services worldwide said.“With 2018 finishing on an upbeat note for all tanker segments, these two fixtures further signify a strong market for this year which the Company’s employment strategy is designed to take advantage of…

Image: Bunker One

Bunker One Expands to Germany

Denmark-based marine fuel supplier Bunker One has announced the establishment of a new physical bunker entity, serving the German market.Bunker Holding subsidiary said that the business activities of the new entity Bunker One (Germany) GmbH will be concentrated on supplying marine fuel products and other related services to ferry- container- and other commercial vessels in all ports at the German North Sea and Baltic Sea regions with base in Rostock, Kiel and Hamburg.To benefit…

Pic: APM Terminals Inland Services

APM Terminals Inland Services Gets Clearance in India

APM Terminals Inland Services' integrated Inland Container Depot (ICD) and supply chain solutions facility at Chakan, Pune has achieved a significant first after being awarded an environmental clearance certificate by the Indian government.The certification authorises the facility to store, handle, transport, and deliver hazardous chemicals in any form – a critical requirement for all industries dealing with chemicals in domestic and international trade and a key safeguard for…

Mike McNally (Photo: GTMaritime)

GTMaritime Appoints McNally

Maritime software specialist GTMaritime has appointed maritime satellite veteran Mike McNally as Sales and Marketing Director, as it sets about expanding into new territories.McNally has more than 25 years’ experience working in the industry both at sea and in senior maritime communications management positions. His appointment reflects GTMaritime’s desire to further develop partnerships with its existing customers and resellers, while extending its reach and presence in new territories.As McNally takes up his new role overseeing GTMaritime’s sales and marketing strategy and teams…

Pic: Port of Newcastle

Newcastle Bulk Terminal Reaches Key Milestone

Australia’s new east coast supply chain alternative Port of Newcastle has marked an important milestone in the development of the Newcastle Bulk Terminal.A press release from the company said that the dismantling of the old ship unloaders is now complete, with bulk cargo hoppers now in place to provide continuity of trade while the new ship unloader and conveyor system is constructed.The old ship unloaders at the Kooragang 2 berth have been a feature of the Walsh Point precinct since 1968.

Pic: Kalmar Americas

Norfolk Southern Invests in Automation

American transportation company Norfolk Southern has signed a deal with Kalmar, part of Cargotec, for supply of four Kalmar SmartPower rubber-tyred gantry cranes (RTGs) equipped with a suite of process automation solutions.According to a press release, the order was booked in Cargotec's 2018 Q4 order intake with delivery scheduled to be completed by the end of Q4 2019. Norfolk Southern Railway subsidiary operates approximately 19,500 route miles in 23 states, serves every major container ports in the eastern United States and provides efficient connections to other rail carriers.

Map: CMA CGM

CMA CGM Improves NOURA Service

CMA CGM announced the service improvement connecting Middle East to East Africa, in the effort to maintain a high service reliability and punctuality with our lead product NOURA service.Effective from M/V CMA CGM MANET voyage Jebel Ali  today (January 3), direct product with a comprehensive coverage of East Africa and Indian Ocean markets, Noura service will benefit of a 6th sister ship of 2,200 TEU to address the recurrent port congestion.Mombasa is added in the port coverage to permit significant service improvement for Asia cargo bound to Somalia and transiting via Kenya hub, said a press n

File Image / AdobeStock / © Burnel11

Sovcomflot Orders Three LNG-fueled Tankers from Zvezda Shipyard

On December 28, 2018, Sovcomflot (SCF Group) placed an order at Zvezda shipbuilding complex for construction of three new generation product carriers that use cleaner-burning LNG fuel as their primary fuel.Three MR-class vessels will have a deadweight (DWT) of 51,000 tonnes each. They will transport petroleum products and gas condensate and will be chartered to Novatek under long-term time charter agreements. Each tanker will have an ice class of 1B, enabling safe operations in areas with challenging ice conditions, including the Baltic.Using LNG fuel enables to significantly reduce emissions.

Image: Swedish Orient Line

SOL Adds Finnish Port of Pietarsaari

Swedish shipping company Swedish Orient Lines (SOL) announced  that it will add the port of Pietarsaari/Jakobstad (Finland) to its liner network with one weekly call using its vessels Thuleland and Tundraland.The service will offer direct port calls to Lübeck (Germany), Zeebrugge (Belgium) and Tilbury (UK). With its new route SOL supports BillerudKorsnäs export of paper products from its mill in Pietarsaari as well as other import and export cargo to the region.BillerudKorsnäs…

Image: Port of Rotterdam

Rotterdam Port Contributes USD 51.86 billion to Netherlands

USD 51.86 billion (EUR 45.6 billion) or 6.2% of the added value of the Netherlands is due to the Port of Rotterdam. This emerged in ‘The Rotterdam effect - Impact of Mainport Rotterdam on the Dutch economy’ study conducted by Erasmus University Rotterdam (EUR), commissioned by the Port Authority.Port of Rotterdam pointed out that it contributes twice as much to the gross domestic product than previously calculated. Traditionally, when determining the economic significance of the port, only direct employment and added value were measured, including the so-called backwards indirect effects.

Image:  Associated British Ports

ABP Bags Maersk Trade Deal

As agreement between Associated British Ports (ABP) container terminal located in Hull and Maersk, the world’s largest container shipping line,  to open a trading link between the north of England and the Far East.The service begins in the New Year into the 21-acre container terminal in Hull which has seen significant recent investment by ABP. The weekly feeder vessels will see ABP handle around 240 boxes per week, equivalent to 12,000 containers per year.“Unlocking this new trade gateway to the rest of the world is not only significant for the local economy…

Pic: Ocean Network Express

PSA, ONE Launch Container Terminal in Singapore

The global transport company Ocean Network Express (ONE) and PSA Singapore (PSA),the flagship terminal of the global port group PSA International, will join hands to form a joint venture  company  based at Pasir  Panjang Terminal in Singapore.Subject to regulatory approvals, the joint venture terminal is scheduled to commence operations in the first half of 2019 and operate four mega container berths with a combined annual handling  capacity of 4 million TEUs, said a press release from the global container shipping company headquartered in Singapore.Pasir Panjang Terminal…

African Sprinter (Courtesy of Monjasa)

Monjasa: New Bunker Location on the Suez

Monjasa expects a 200,000mts volume increase from its new supply location Djibouti. The objective is to challenge status quo and provide a valid alternative to the traditional Suez and Jeddah bunker markets.Strategically located at the mouth of the Red Sea, Djibouti is fast developing into an attractive bunker destination on the busy Suez waterway. Improved maritime infrastructure and heavy investments in port developments are expected to further advance trade going in and out…

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.

Image: Maersk Line

Maersk Enhances Asia-Europe Network

Six ships will be added to A.P. Moller - Maersk's new route network between Asia and Europe, the Danish conglomerate announced new changes to its services connecting Asia and Europe.Changes implemented in the second quarter of 2018 have improved the reliability of company’s schedules. However, port congestions and unfavorable weather conditions have resulted in delays.“We are now progressing on the improvements made earlier in 2018 to further enhance our schedule reliability across our Asia-Europe Network”…

Pic: Port of Rotterdam Authority

Rotterdam Port Awards Green Award Discount for Vessels

The Port of Rotterdam Authority will widen and facilitate the Green Award discount for sea-going shipping from the start of 2019.The discount will encourage safe and green shipping in the liquid bulk segment. From 2019 onwards, certified chemical tankers and sea-going vessels with a cargo capacity (DWT) of less than 20,000 tons may also make use of the scheme.Also new for 2019 is that the Port Authority is making the port dues process more customer friendly for shipping lines whose vessels call at the Port of Rotterdam.

Image: Maersk

Maersk Moves North-East England Coverage to Hull

A.P. Moller - Maersk, an integrated container logistics company, announced that it is moving its  North-East England coverage from Immingham to Hull.The existing connection between Immingham and continental Europe, will change to Hull, enabling better accessibility for local shippers and offering convenient connection with mainline services."Starting January 12th, 2019, the short sea service, operated by BG Freight and currently calling Immingham, will be moved to Hull Container Terminal in East Yorkshire…

Nikolay Kolesnikov, Senior Executive Vice-President and CFO of Sovcomflot (sitting in the centre) together with the signees from KfW IPEX-Bank, Credit Agricole, ING Bank, Societe Generale, Citibank, UniCredit, and DVB Bank (sitting, from left to right). Photo: Sovcomflot

Sovcomflot completes USD 900 mln in Foreign Investment

Russia’s maritime shipping company Sovcomflot has announced that it has entered into a new USD 264 million six-year revolving credit facility with a consortium of five leading international banks.The completion of this credit facility marks the successful finalisation of SCF’s 2018 financing plan, with total new debt capital raised this year amounting to circa USD 900 million, said Nikolay Kolesnikov, Senior Executive Vice-President, Chief Financial Officer of PAO Sovcomflot."The fund allows us to fully address the Group’s mid-term financing requirements…

(L-R) Reginald Jones and Curtis McWilliams. Photo: Ardmore Shipping

Ardmore Shipping Appoints Curtis McWilliams as Chairman

The US-based chemical tanker company  Ardmore Shipping Corporation announced that Reginald L. Jones is stepping down as Chairman of the Board of Directors of the Company effective December 31, 2018. Curtis McWilliams has been appointed as Chairman of the Board effective January 1, 2019, said a stock exchange announcement from the company.Jones will remain as a director until the Company's annual general meeting in 2019, when he does not intend to stand for re-election. He is a co-founder and Managing Partner of Greenbriar Equity Group LLC…

Fivelborg loading beet pulp pellets Gavilon Grain Port of Duluth-Superior 
Provided by Duluth-Seaway Port Authority

U.S. Ports, Seaway Shipping Reporting Strong Finish to 2018 Season

The St. Lawrence Seaway and Great Lakes ports are reporting strong growth in November cargo volumes that is expected to carry through in the final weeks of the 2018 season. Overall cargo volumes through the St. Lawrence Seaway from March 29 to November 30 topped 36 million metric tons, up 5.3 per cent over the same period in 2017. Grain exports and road salt were highlights of activity in November. Seaway salt shipments are ahead of last year’s volumes, totaling 2.2 million metric tons up to the end of November.Year-to-date U.S.

Image: Nordic Tankers

Danish Compatriots Test Emissions Monitoring Solution

Danish shipping company Nordic Tankers, Dania Ship Management and Danfoss IXA have been cooperating on testing new innovative technology for monitoring emissions on an ongoing basis.The chemical tanker company hailed that the result is a front runner solution to ensure global enforcement of the IMO’s requirements for sulphur emissions way before any legislation is pushed through.“The sensor equipment from Danfoss IXA is an innovative piece of technology that enables ship owners to continuously prove compliance with the IMO’s requirements for sulphur emissions.

Pic: The Maersk Group

Maersk Intros Cargo Insurance Alternative

Maersk Line is expanding its commercial offering with the introduction of an extended liability solution, Value Protect, which will act as a substitute to regular cargo insurance, in protecting customers’ cargo."Maersk is expanding its commercial offering and introduces Value Protect, an extended liability solution. It offers customers an alternative to cargo insurance, increasing their chance of receiving full compensation in case of cargo damage in transit," said a press note from the Danish international container shipping company.Valid while the cargo is in the care and custody of Maersk…

Photo: Kalmar

Kalmar to Deliver 41 Terminal Tractors to Malaysia

Kalmar, part of Cargotec, has signed a contract with SPT Services Sdn Bhd, for an order of 41 units of Kalmar TL2 Terminal Tractors. The order was booked into Cargotec's 2018 fourth quarter order intake and scheduled for delivery in December of 2018.SPT Services Sdn Bhd is a wholly-owned subsidiary of Johor Port Berhad. The 41 units of TL2 terminal tractors will be delivered to the Solid Product Jetty (SPJ) located in Pengerang Johor, Malaysia. The semi-trailers will move containers…

Jennifer Polli (Photo: TRAC Intermodal)

TRAC Intermodal Marks 50 Years

This year, TRAC Intermodal celebrates 50 years of delivering high-quality products and innovation since its founding in 1968 as Interpool, Ltd.TRAC Intermodal has been helping transform the global supply chain for half a century through advances in engineering, product design and the latest technologies. TRAC’s progress has been intertwined with the growth of intermodal transportation, helping facilitate global trade and economic development.“TRAC has always been at the forefront of delivering innovative products and solutions to support the intermodal industry…

"I think this investment sends a strong signal on the types of technologies that will come to define the maritime industry in the future," said P. Michael A. Rodey, senior manager, A.P. Moller-Maersk. In the first quarter Sea Machines will initiate testing of its perception and situational awareness technology aboard one of A.P. Moller-Maersk's new-build ice-class container ships. Image: Sea Machines

Maritime Autonomy: Sea Machines Gets a $10M Investment

While there remains much debate as to what an autonomous future looks like in the maritime sector, one company, Sea Machines, is helping to pace the field with product development, partnerships and investment.Sea Machines Robotics announced today that it had closed a $10 million Series A investment led by Accomplice VC, with participation from several corporate titans including Toyota AI Ventures; Brunswick Corp., through investment partner TechNexus Venture Collaborative; Eniac Ventures…

Pic: Konecranes

CargoMate, Nyris Win Konecranes's Startup Program

Konecranes startup program, REACH, which  seeks to find fresh ideas and opportunities for collaboration with some of the most innovative startups, scouted over 2000 startups.For the REACH Program’s finals, on December 12th, Konecranes selected four of the startups from REACH applications, and gave one fast pass to a startup found from Slush.Konecranes REACH Program’s finalists were CargoMate Technologies, DeepEyes, Nyris, Visualix and Xetal. All solutions had potential, but CargoMate…

Pic: Saab

Shanghai Port Awards Shipping Safety Contract to Saab

Saab has received an order from the China Maritime Safety Administration to renew and extend the Vessel Traffic Management Information System (VTMIS) in Shanghai, improving the safety and efficiency of shipping in the world's largest container portThe project will take 18 months to complete, and includes the replacement of most of the existing radar and communications systems, two traffic centres and the delivery of a new supervisory centre."Saab's expertise in upgrading complex…

Pic: Navios

Navios Acquisition Completes Navios Midstream Merger

Greece-based Navios Maritime Acquisition Corporation announced that it completed the acquisition of Navios Maritime Midstream Partners. "Following the close of the market on December 13, Navios Midstream common units no longer are publicly traded on the New York Stock Exchange," said a press release from the owner and operator of tanker vessels focusing on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals.Angeliki Frangou, Chairman and Chief Executive Officer…

Pics: Mitsui O.S.K. Lines, Ltd.

MOL Passenger Line 'Cruise of the Year 2018'

Mitsui O.S.K. Lines (MOL) announced that its group company, Mitsui O.S.K. Passenger Line (MOPAS) was recognized for its "efforts on market development by the Nippon Maru One Night Cruise," and received the award for outstanding performance in the "Cruise of the Year 2018" program.MOPAS was honored for its One Night Cruise programs based on three themes, which attracted a majority of passengers (70%) who boarded the Nippon Maru for the first time.While elaborately planned, all of the cruise themes offered a casual atmosphere…

Pic:  International Maritime Organization (IMO)

ICE to Launch Marine Futures Contracts Ahead of IMO 2020 Sulfur Cap

The Intercontinental Exchange will launch new Marine Fuel 0.5% futures contracts in advance of the implementation of the 0.5% sulphur cap by the International Maritime Organization (IMO) in 2020.The operator of global exchanges and clearing houses and provider of data and listings services said in a press release that the new contracts are expected to launch on February 4, 2019, subject to completion of relevant regulatory processes.The new contracts have been developed in response…

Image: Ports & Maritime Organization

Chabahar Port Builds LPG Storage Tanks

The operationalizing of three investment projects will begin in Shahid Beheshti port of Chabahar this week, said a communication from the Iran government.Behrooz Aghaee, Director General of Ports and Maritime Affairs of Sistan and Baluchestan Province, announced the operationalization of three investment projects with the presence of the deputies of the Ministry of Roads and Urban Development and members of the board of directors of the Ports and Maritime Organization at Shahid Beheshti port of Chabahar.Three investment projects of construction of oil products reservoirs…

David Miller with fellow owners, Bob and Bill Wetta (Photo: DSC Dredge)

DSC Dredge’s Miller Retires

On October 16, 2018, after 38  years in the dredging industry, David Miller, SVP/COO and part owner of DSC Dredge, LLC  announced his retirement. Miller embarked on his career in the early 1980’s when he began working for Kenner Marine & Machinery (KMM). Following several consecutive KMM positions, David completed his final 10 years there as a field service specialist.Miller was one of the original founders of Best Equipment Technologies, Inc. (BEST), established in 1998, located in Poplarville, MS. BEST operated as a steel fabrication shop and dredge manufacturer.

Photo: Damen

Damen Signs with Port Nelson for ASD Tug

On December 10th, Damen sales manager Sjoerd de Bruin signed a contract with Port Nelson CEO Martin Byrne in New Zealand. Damen will deliver an ASD Tug 2411 to Port Nelson in support of the port’s expansion strategy.As part of the expansion, Damen’s client will increase its wharf in order to accommodate vessels up to 280 meters in length. For this, the port requires additional bollard pull. The ASD Tug 2411, with its 70 tonnes bollard pull, will replace two tugs from Port Nelson’s…

Photo: © Port of Barcelona

ChainPORT Renews Digital, Environmental Commitment

Delegates from the world’s leading ports have come together to examine their role in the rapidly evolving maritime logistics landscape and in particular to coordinate their contribution to the establishment of an interconnected maritime supply chain at the Port of Barcelona.The multilateral partnership of the world leading ports, ChainPORT, has just concluded its 4th Annual Meeting which was hosted last week by the Port of Barcelona.ChainPORT was initiated in 2016 by the Port…

U.S. Transportation Secretary Elaine L. Chao

US DOT Announces Major Infrastructure Funding Grants

U.S. Transportation Secretary Elaine L. Chao Announces $1.5 Billion in BUILD Transportation Grants to Revitalize Infrastructure Nationwide. Some of the 91 projects include port grants, as well. WASHINGTON –  U.S. Transportation Secretary Elaine L. Chao today announced $1.5 billion in discretionary grant funding to 91 projects in 49 states and the District of Columbia. The grants are made through the Better Utilizing Investments to Leverage Development (BUILD) Transportation Grants program and support road, rail, transit, and port infrastructure projects across the country.

Image: American Shipping Company

OSG Extends Charter of AMSC's Nine Tankers

Florida-based provider of energy transportation services delivering crude oil and petroleum products Overseas Shipholding Group (OSC) and American Shipping Company (AMSC) jointly announced that OSG has exercised options to extend its charter agreements with AMSC for nine vessels currently under charter from AMSC.AMSC is a  Norwegian-American shipping and shipyard company and part of the Aker Group."A Charter agreements for five of the vessels were extended for additional three-year terms, commencing from December 2019 and ending in December 2022.

A typical tow arrangement on German inalnd waterways / CREDIT AdobeStock / © digitalstock

Rhine River Shipping Returns to Normal as Water Levels Rise

Freight shipping on the river Rhine in Germany has returned to normal after heavy rain in the past week raised water levels, traders said on Monday.Water levels on the Rhine had been low for around six months after a hot dry summer and a dry autumn, forcing vessels to sail only partly loaded and increasing the cost of commodity deliveries."The heavy, repeated rainfall in the past days was just what was required," one grains trader said.

Pic: Unifeeder

Dubai's DP World Completes Danish Unifeeder Acquistion

Global port operator DP World says it has completed the acquisition of Danish logistics firm Unifeeder for $748 million.DP World’s full acquisition of Unifeeder Group from Nordic Capital Fund VIII was announced in August, but finalized on Thursday."DP World PLC is pleased to advise that it has closed the transaction to acquire 100% of Unifeeder Group from Nordic Capital Fund VIII and certainminority shareholders," said one sentence statement from the Dubai-based global marine terminal operator."Unifeeder Group is now part of the DP World Group…

File Image: AdobeStock / © Leeylutung

Diesel-Loaded Tankers Stranded off Asia as Demand Wanes

Several tankers carrying diesel fuel are floating off Taiwan and Southeast Asian waters as a steep fall in oil prices kept buyers at bay, trade and shipping sources said on Friday, helping push rates to their highest since January 2016.With tanker rates also boosted by strong Chinese oil exports, it was a big relief for an industry that has been in the doldrums for the past three years.About seven to nine long-range tankers carrying about 5 to 7 million barrels of diesel are currently floating off Taiwan waters largely due to a drop in bunker fuel demand from the South China Sea…

© VanderWolf Images/Adobe Stock

The Tipping Point: U.S. Exports more Oil than it Imports

The United States last week exported more crude oil and fuel than it imported for the first time on record, underscoring the nation's growing influence as a supplier of oil to the world.Exports of crude surged in the week to Nov. 30 to more than 3.2 million barrels per day, the U.S. Energy Information Administration said on Thursday.When adding in all imports and exports of crude and refined products, for the week the U.S. exported a net 211,000 bpd – the first time that has happened, according to U.S.

File Image: CREDIT Samskip

Samskip’s UK Investments Transcend Brexit Disruption

Two years of pre-Brexit investment in North Sea container shipping services is proving decisive in winning shippers away from cross-Channel ferry routes at a critical time for UK-EU relations, according to leading multimodal operator Samskip.With many questions remaining over the exact nature of the future EU-UK trading relationship, Samskip says that regular, reliable and cost competitive container services are a key element in planning for the future.“The months ahead will see…

Image: Baker Hughes

BHGE Inks 3-year Contract with Saudi Aramco

Saudi Aramco has awarded major stimulation and well-testing contract to Baker Hughes, a GE company (BHGE). BHGE will deliver a comprehensive well services solution including all cased-hole wireline logging, perforation, well testing, stimulation, fracturing and associated intervention services.By integrating discrete products, services and capabilities into a single offering, BHGE will help Saudi Aramco reduce time, costs and complexity while increasing efficiency.The three-year…

IOC: 5-year Tender on Scrubber-fitted Tankers

Indian Oil Corp (IOC) issued a global tender to charter scrubber-fitted oil tankers for at least five years to import Iraqi oil, a tender document seen by Reuters showed.The tender says Indian shippers will be given first right of refusal for the contract as the nation seeks to boost its shipping industry. It is seeking bids from vessels that are less than 10-years old.A scrubber is a product that strips out sulphur emissions and, in doing so, can allow shippers to use dirtier…

Giampiero Soncini, CEO, Marine Division, at IB Marine

Giampiero Soncini named CEO of IB Marine Division

Giampiero Soncini will assume the role of CEO, Marine Division, at IB Marine.“Under his guidance IB Marine is looking to become a major player in the Marine IT sector”, says Maurizio Ricci, IB President, who will retain the role of CEO IB Industry Division. “Giampiero and I have been competitors for over 30 years, and it is simply amazing that we can now work to build something together”.Giampiero Soncini replies: “IB has been in Business for over 35 years. I have known them and respected them for 30.

File Image of the port of Hong Kong / CREDIT Adobestock © Marco 2811

Fitch Ratings: Demand Risks Weigh on Global Shipping Sector Outlook

The global shipping sector outlook remains negative reflecting the demand-side risks of protectionism and slower economic growth, Fitch Ratings says. Higher fuel costs and sulphur regulation will also put pressure on shippers.Partly offsetting an unfavourable environment are emerging signs of better capacity management by shipping companies, which is key to a sustainable balance and freight rates that support consistent profitability. We expect better fundamentals in container and dry bulk…

Image: Swiss Climate EcoCare GmbH

Swiss Climate EcoCare, Korean Register MoU for IMO DCS Services

The Classification Society Korean Register (KR) and Swiss Climate EcoCare GmbH has signed a memorandum of understanding (MOU) to provide enhanced International Maritime Organization (IMO) Data Collection System (DCS) services to the maritime industry.According to a release, the MoU was signed in Hamburg, Germany on 22nd Nov 2018 in presence of Philipp Ahrenkiel, Managing Director at Swiss Climate EcoCare GmbH and Michael Suhr, Technical & Commercial Director at Korean Register, Germany.

Pic: Höegh LNG

Hoegh LNG Partners Appoints New CFO

The floating liquefied natural gas (LNG) company  Höegh LNG Holdings announced that Håvard Furu is appointed as new Chief Financial Officer (CFO) of Höegh LNG AS effective 1 March 2019.The interim CFO, Steffen Føreid, will step down effective 1 March 2019 and will from then continue in his role as Chief Executive Officer and Chief Financial Officer of Höegh LNG Partners LP.Håvard Furu comes from the position as CFO of law firm Wikborg Rein. Before that he was CFO in Western Bulk…

A rendering of Georgia's inland port design (CREDIT: GA Ports)

Georgia Announces New Inland Terminal

Northeast Georgia Inland Port to serve fast-growing Gainesville region. Gov. Nathan Deal speaks during the announcement for the Georgia Ports Authority's new inland terminal, Monday, Dec. 3, 2018, in Gainesville, Ga. Cargo moved via the Northeast Georgia Inland Port near Gainesville will reduce Atlanta truck traffic by shifting containers to rail. Set to open in 2021, the new inland port will be operated by the Georgia Ports Authority and served by Norfolk Southern.Gov. Nathan Deal…