ICPC Advocates Joint Vessel Inspection
The Acting Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr. Musa Usman Abubakar has stressed the need for all government agencies in the maritime sector to carry out joint inspection of vessels at the ports in order to fully actualize the Ease of Doing Business initiative of the Federal Government.Dr. Abubakar who made this known when he led a joint team from the Nigerian Shippers Council (NSC) and the Commission on a courtesy visit…
LR Grants AiP for Wison’s 300MW FSRP Design
Lloyd’s Register (LR) has issued approval in principle (AiP) to Wison for its 300MW capacity floating storage, regasification, power plant (FSRP) concept design.A relatively new design concept, FSRPs are essentially floating liquefied natural gas (LNG) power plants that receive LNG from ships and store it within tanks below deck, before regasifying the LNG and using it to fuel an onboard power plant.LR, Wison and Gaztransport & Technigaz (GTT) are working together in developing this 300MW barge-type FSRP unit that will be moored at a jetty or placed near-shore.
Gulf Marine Services Bags MENA Contract
Vessels provider to the oil & gas industry Gulf Marine Services (GMS) said that it was awarded three long-term contracts in the Middle East and North Africa (MENA) region.The provider of advanced self-propelled self-elevating support vessels said in a press release that the new charters, which are subject to the completion of legal documentation and finalisation of the vessel delivery schedule, are for one Small Class and two Mid-Size Class SESVs and are currently expected to commence in Q4 2018/Q1 2019.
Maersk to Merge Damco, Ocean Product Units
A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product, the Danish shipping giant announced on Wednesday, as it seeks to offer customers the chance to deal with one firm when shipping goods across the world.The operator of Maersk Line, the world's largest container shipping company, kicked off a restructuring drive in 2016 that saw it sell its oil and gas business last year to focus on transport and logistics business.Maersk said its latest change would take effect on January 1…
China's Steel, Iron Ore Flat Amid Trade Tensions
China's steel and iron ore prices were little changed on Tuesday as market participants turned cautious amid escalating trade tension between Washington and Beijing.On Monday, U.S. President Donald Trump decided to impose 10 percent tariffs on about $200 billion worth of Chinese imports which would be effective on Sept.24.Trump also warned of more duties on additional $267 billion of Chinese imports if Beijing takes retaliatory action."Direct impact of the trade spat on ferrous market is minor as China doesn't sell much steel products to the United States.
HHLA Transports Ship Propeller for Hyundai Supreme
Hamburger Hafen und Logistik AG (HHLA) loaded the biggest ship propeller in the world onto a vessel. The “HHLA IV” floating crane brought the gigantic 110-tonne object to the port of Waltershof, where it was hoisted onto the “Hyundai Supreme” container ship.It was the most powerful ship propeller to have ever been lifted by the hook of a HHLA floating crane. Although HHLA regularly loads the specialised products of Mecklenburger Metallguss GmbH (MMG) onto ships in Hamburg, the latest propeller…
APM Terminals to Focus on VGM Accuracy
Two years since the introduction of Verified Gross Mass (VGM) regulations, the industry appears to have achieved compliance but, “the accuracy of recorded weights still needs attention,” said a press release from APM Terminals.According to Praful Waghela, Global Product Manager VGM Services at APM Terminals, an additional validation step prior to final loading could help.Since July 2016, the verification of a container’s weight (VGM) has been a requirement under the International…
ATCO Buys 40% Stake in South American Port
Calgary-based natural gas, electrical and real estate giant ATCO is getting into the transportation business after buying a 40-per-cent stake in a South American port operator Neltume Ports for about CAD$450 million (USD$340 million).Neltume Ports, a subsidiary of Ultramar, operates in 16 port facilities and three stevedoring businesses primarily located in Chile and Uruguay. “This acquisition represents an important milestone in the execution of ATCO’s long-term strategy to diversify…
Teekay Tankers Completes of Sale-Leaseback of Six Vessels
Teekay Tankers announced that it has completed and closed the previously-announced sale-leaseback transaction for six Aframax tankers, the Whistler Spirit, Blackcomb Spirit, Emerald Spirit, Garibaldi Spirit, Tarbet Spirit and Peak Spirit. The marine energy transportation said in a press release that, as a result, it has increased its liquidity position by approximately $60 million after the repayment of outstanding debt related to these vessels. This financing was part of the Company’s financing initiatives announced on August 2…
GAC UK Announces New Senior Management
Shipping, logistics and marine services provider GAC UK has appointed four General Managers to strengthen its core services and commercial focus.“Each of the General Managers brings a wealth of experience to their respective role,” said Herman Jorgensen, Managing Director of GAC UK. “The new structure evidences our commitment to providing the best possible products and service to the Oil, Gas and Renewables, Shipping, Freight, Marine Leisure and Events sectors we serve and heralds in an exciting new era for GAC UK.”Jeremy Troughton…
BIMCO: Shipping in the Line of Trade War Crossfire
BIMCO, the world’s largest international shipping association, issued a stern warning today as once again, the already long list of tariffed goods has been made even longer.Many more commodities were hit on 23 August, but September is likely to dwarf it all, as the US has proposed tariffs on goods worth USD 200 billion. According to BIMCO, The tariffed goods’ share of global trade is largely underestimating the overall negative impact of this trade war on globalisation and international shipping.BIMCO’s chief shipping analyst Peter Sand remarked…
Echo Elects Henkels to Its Board of Directors
Echo Global Logistics, Inc., a provider of technology-enabled transportation and supply chain management services, has announced that Virginia “Ginnie” Henkels was named to the company's Board of Directors, effective Monday, September 10.Henkels served as Executive Vice President, Chief Financial Officer, and Treasurer of Swift Transportation Company, a $4 billion North American truckload carrier, from 2008 to 2017. There she held various accounting and finance leadership positions starting in 2004.
Oil Shipments From Georgia's Batumi Drop 45%
Oil and oil-related shipments from Georgia's Black Sea port of Batumi fell by 45.3 percent in the first eight months of 2018 from a year earlier, an official at the KazMunaiGas operated terminal said on Monday.Some crude oil has been re-routed to the Baku-Tbilisi-Ceyhan pipeline and to the Caspian Pipeline Consortium this year, the official added, while some fuel oil has been sent to the port of Taman in Russia and Georgia's other Black Sea port of Kulevi.The fall is partly because Azerbaijan prefers to send its oil through the pipeline or by rail in Georgia via its own terminal in Kulevi, rat
Repsol to Buy LNG from Venture Global
Venture Global LNG announced that it has entered into a 20-year, binding Sales and Purchase Agreement (SPA) with Repsol for the supply of one million tonnes per annum (MTPA) of liquefied natural gas from the Venture Global Calcasieu Pass LNG export facility, currently under development in Cameron Parish, Louisiana, USA.Under this agreement, Repsol will purchase LNG on a free on board (FOB) basis for a 20-year term, starting from the commercial operation date of the Venture Global Calcasieu Pass LNG export facility…
Port of Duluth-Superior Generates $1.4 bln and 8,000 Jobs
The Port of Duluth-Superior generated $1.4 billion in economic activity and supported 7,881 jobs last year. Handling 35 million short tons of cargo generated over $504 million in total wages, salaries and purchases of goods and services in the regional economy. Cargo movement and vessel activity at the port also generated a total of nearly $240 million in federal/state tax revenues.The full report for the Port of Duluth-Superior, released by the Duluth Seaway Port Authority, spotlights…
Stena Bulk Charters Out MR Tanker Pair to Petrobras
Stena Bulk said it has signed a contract with Brazil's state-owned oil company to charter out a pair of MR product tankers for transporting refined products along the Brazilian coast. The two-year deal includes the option to extend the charters for another 11 months.The 47,000 dwt tankers, Stena Conqueror and Stena Conquest, were built in 2003 and 2004 respectively.“We have a long-standing, highly-valued relationship with Petrobras when it comes to both Suezmax and MR tankers and we are committed to continue to provide them with safe and efficient deliveries.
Kalmar STS for Curaçao Port Services
Kalmar, part of Cargotec has signed a contract for supplying two Kalmar Ship-to-Shore (STS) cranes, including related spare parts, to Curaçao Port Services, said a press release.The Panamax size cranes will be used for modernising the customer's container handling operations at the Willemstad Container Terminal in Curaçao. The order was booked into Cargotec's 2018 third quarter order intake, and the delivery is planned to be completed by the end of 2019. The island of Curaçao is located strategically in the Southern Caribbean approximately 35 miles off the northwestern coast of Venezuela.
Brazil Minimum Freight Rates Hurt Port Cargos -Association Chief
Brazil's policy of setting minimum freight rates is reducing the volume of cargo at Brazilian ports as farmers and agricultural exporters have difficulty arranging transportation at higher cost, according to the head of a Brazilian ports association.The country instituted minimum rates for freight above the previous market rate as part of a deal to end a truckers' strike over high diesel prices in May. The strike paralyzed the country's roadways, preventing agriculture exports…
Contract Extension for Tanker Stena Provence
Concordia Maritime said it has signed a contract to charter out the P-MAX tanker Stena Provence for another year from September 2018.The contractual partner is one of the world’s largest oil and gas companies, who has used the vessel since 2014 for niche transportation of refined petroleum products, mainly in the Asia Pacific region.“This customer has a specific transport need, for which the large load capacity of our P-MAX vessels are well suited,” said says Kim Ullman, CEO of Concordia Maritime.
Sea Machines Moves to Larger, Waterfront Location in Germany
U.S. based Sea Machines announced that it has moved its team in Hamburg, Germany to a larger waterfront work space in the Hammerbrook area.The company said the move supports growing in interest in its autonomous controls and advanced perception technology in European markets ahead of an upcoming product release. The new location more than triples the space Sea Machines had previously and provides dockage for the company's test vessels. The space also accommodates the locally expanding team…
Transmar Eyes Growth from Adabiya Port
Egyptian container shipping line Transmar said it has leveraged the Port of Adabiya in an effort to strengthen its presence across Middle East and East African routes.With a growing interest in container services and a recovery in the Egyptian economy, Transmar sees the port as the focal point of its operations to service its UAE, Saudi Arabian and East African clients thanks to its location and facilities, which include a free zone area of about 62 feddans overlooking Suez bay coast. It is also the key port for palm oil imports into Egypt.
CMA CGM Launches New Reefer Tech
Shipping group CMA CGM has launched an advanced technology for the transportation of highly sensitive fruits and vegetables by active controlled atmosphere.CLIMACTIVE, unveiled at the 2018 edition of the Asia Fruit Logistica fair, is the latest and most advanced solution to maintain sensitive commodities’ freshness to destination, by faster reducing the level of oxygen inside the container equipped with DAIKIN Active CA.CLIMACTIVE is created for highly sensitive commodities that require special attention due to their biological specificities and maturation time.
Huangpu-Wenchong Shipyard Builds 200th DNV GL Classified Ship
Huangpu-Wenchong Shipyard (HPWS) announced that a 2,750 TEU feeder container ship for China Navigation will be the 200th DNV GL classified ship.A press release said that the cooperation between DNV GL and HPWS dates back to 1996 and covers ship types from feeder vessels to larger container ships, to bulk carriers, offshore supply vessels, and many others.“The close relationship and comfortable communication between the two companies has enhanced HPWS’s position in shipbuilding.
Inmarsat Unveils Fleet Data Service
Inmarsat has unveiled Fleet Data, a new Internet of Things (IoT) service, which will enable ship owners and managers to access and analyse real-time onboard data more efficiently, and as a result will help accelerate the adoption of IoT across the maritime industry.Developed in partnership with Danelec Marine, Fleet Data will record data from the onboard Voyage Data Recorder (VDR), and other vessel sensors, pre-process that data, and upload it to a central (cloud-based) database equipped with a dashboard and Application Process Interface (API).
SMM Launches with High-Profile Guest Speakers
At today’s opening press conference of the international maritime trade fair in Hamburg, political and business leaders discussed current challenges facing the shipping industry. The focus of the debate was on the 0.5 percent sulphur limit for ship fuels which will take effect on January 1, 2020, and the industry's goal to cut greenhouse gas emissions from global shipping in half by the year 2050. Roughly 2,300 exhibitors and the extensive conference program accompanying the trade fair will deliver answers to the industry's complex questions. Roughly 50,000 visitors are expected to attend.
Panasonic Connectivity Services for TUI Cruises
Panasonic Avionics Corporation (Panasonic) announced that in partnership with its subsidiary, ITC Global, it has been awarded a four-year contract by TUI Cruises for connectivity services to two new-build cruise ships, Mein Schiff 1 and new Mein Schiff 2.The agreement establishes communication capabilities onboard the vessels serving guests and crew, enhancing the user experience during the cruise line's travels across international waters. Germany-based TUI Cruises is a joint venture between TUI AG and Royal Caribbean Cruises, Ltd.
Monjasa Acquires Tonnage for Northwest Europe Operations
Monjasa acquires the 3,600 DWT tanker, MT Fredericia for continued bunker operation in the English Channel. Leading up to the acquisition, the vessel has been on time charter by Monjasa for several years and the ceaseless high performance of the vessel now leads to definitive Monjasa ownership.In 2016, Monjasa established a niche market in the English Channel as an alternative for shipowners and operators taking bunkers in the ARA hub. In this setup, MT Fredericia plays a significant role and currently performs exclusive bunkering operations in the Portland…
Rolls-Royce Health Management Solutions to Harness Power of Data
Rolls-Royce continues to develop its ship intelligence offerings to the market, and now introduces a pioneering new solution for Health Management of ship equipment.The technology is aimed at elevating the way in which customers manage and maintain the equipment and systems onboard their ships.Health Management is designed to provide ship operators with an unsurpassed level of understanding of the operational health and performance of all the machinery installations onboard.Developed by the Ship Intelligence team at Rolls-Royce…
Aspo's ESL Shipping Completes Acquisition of AtoB@C
ESL Shipping, a shipping company fully owned by Aspo has completed the transaction concerning the acquisition of all the outstanding shares of AtoB@C Shipping AB and AtoB@C Holding AB that offer shipping services.Total of 444,255 new Aspo's shares issued as part of the purchase price of the Transaction have been registered in the Finnish Trade Register today on 31 August 2018. After the registration of the new shares, the total number of shares in Aspo is 31,419,779.As announced earlier…
Foreship Appoints Head of Project Management Services
Foreship has appointed Viktor Gingsjo as Head of Project Management Services – a newly-created post that reflects a significant rise in demand for this aspect of the leading naval architect and engineering company’s services.The new role, effective from September 1, has been created to recognize growing customer requirements that go above and beyond those covered by typical design services. Gingsjo has already gained considerable experience as a project manager with Foreship but his new role will see him head a freshly-formed Project Management Department…
ABS: New Technology to Support Drilling Riser Programs
ABS announced it has issued the first “Concept Verified” Statement of Maturity to Stress Engineering Services (Stress) for its riser CBM program using Real Time Fatigue Monitoring System (RFMS) with Subsea Vibration Data Logger (SVDL) technology, and to LaserStream, LP (LaserStream) for its Bore Erosion Measurement and Inspection System (BEMIS).This is the second of five technology qualification stages to be completed by Stress and LaserStream for new technology that supports…
NAPA Brings Digital Logbooks Within Reach of More Ships
NAPA, the maritime software, services and data analysis provider announced that its industry-benchmark electronic logbook, NAPA Logbook, is now available as a monthly service solution.According to media release, this reduced barrier to entry will bring the connectivity and job automation benefits of digital logbooks to more of the maritime market. NAPA Logbook will also be one of the first integrations with NAPA Mobile, enabling support for smartphone logbook entries wherever the crew are onboard.As the world’s leading provider of electronic logbooks…
DNV GL Rolls-out Cloud Shore Monitoring Module for Navigator Port
DNV GL is launching a completely renewed Shore Monitoring module for Navigator Port. Installed on more than 2500 vessels, Navigator Port is the industry's leading port clearance solution.With a strong focus on the user experience, this module is the first of DNV GL's next generation fleet management solutions to be developed on the latest cloud technology.Most shipping companies find it challenging to keep on top of crew work and rest hour compliance. It is essential to have the same view and information on board and in the office.Navigator Port’s Shore Monitoring module is a user-friendly…
MacGregor to Reveal Digital Advances at SMM
At this year's SMM exhibition, MacGregor, part of Cargotec, plans to unveil a new digital solution it says is set to change the face of breakbulk stowage. Alongside this, the company has developed other elements of its digital portfolio, MacGregor Smart, and will showcase these capabilities during daily presentations at the exhibition held September 4-7 in Hamburg, Germany.OnWatch Scout: building on years of remote-equipment access with offshore cranes, MacGregor will now offer a new intelligent prediction service for equipment on merchant vessels.
Kalmar Bags Chinese Reachstacker Order
Kalmar, part of Cargotec, has received an order from China Railway Ürümqi Group Co., Ltd. to supply a total of 10 reachstackers. This order has been booked into Cargotec's second quarter 2018 order intake, with delivery scheduled to take place in the third quarter of 2018. The Ürümqi Railway Bureau is located in the core economic zone of the One Belt and One Road initiative and its railway line is the key connecting bridge for the new economic trade link between Asia and Europe.
AAL Ramps Up Asia-Australia Liner Service
Breakbulk and heavy lift project cargo operator AAL said it will boost its scheduled North and South East Asia to Australia West Coast Liner Service (AUWC) to a monthly service with the addition of a second MPV vessel. The expansion comes on the back of very strong growth (16 percent in 2017/1018) for Western Australia’s $109 billion mineral and petroleum industry, due mainly to rising commodity prices, stronger than expected export demand and growing local production.AAL’s AUWC…
Klaveness Digital and Maersk Tankers Enter Digital Partnership
Klaveness Digital and Maersk Tankers have joined forces to drive the development of intelligent digital solutions.The partnership will give Maersk Tankers access to Klaveness Digital’s digital platform, enabling the company to store and manage large volumes of commercial and operational data. This will bring digital solutions to the market faster and bring cost benefits to both parties.Klaveness Digital has developed a cloud-based digital platform for storing, processing and exporting commercial and operational shipping data to tailored applications and users.
Kalmar to Open North American Customer Experience Center in North Charleston
Kalmar, part of Cargotec, broke ground on a Class A industrial build-to-suit project in North Charleston, S.C., with developer Landmark Enterprises on August 15, 2018. The new Customer Experience Center (CEC) will serve as a showroom, training facility, demonstration area and customer service center for Kalmar's North American mobile equipment business, including counterbalance and container handling products."The Kalmar sales team is eager to open this facility in the critical Charleston market," said Steve Cianci, Vice President, Mobile Equipment Solution Sales.
Scott Phillips Appointed Hiab President
Scott Phillips has been appointed President of Hiab crane manufacturing division of Cargotec group as of 1 October 2018. He will be a member of the Cargotec Executive Board and report to CEO Mika Vehviläinen. Scott Phillips joins Cargotec from General Electric where he holds the position of Vice President and CEO Mining. Prior to that, he has during his 28 years' career held various global leadership positions in the construction and mining industries, working for Sandvik and Caterpillar Inc., among others. "I warmly welcome Scott to Cargotec and Hiab.
Barge Shipments Set Record at Port of Indiana-Mount Vernon
Record-breaking demands for coal and agriculture products propelled the Port of Indiana-Mount Vernon into historic territory with more barge shipments in the first six months of 2018 than any port in the history of Indiana's ports.Approximately 4.7 million tons of cargo moved through the port in the first six months of 2018, an increase of 36 percent from the same time last year. Key drivers of the record shipments included maritime shipping increases in coal, grain, dried distillers grain, calcined coke, salt and soy products.
Hendrik Veder Group Acquires Universal Inspection UK Ltd
Netherlands-based Hendrik Veder Group (HVG), a global specialists in steel wire and fibre rope products and lifting services, has announced its acquisition of Aberdeen-based Universal Inspection UK Ltd.With sites in five European countries, Hendrik Veder Group is a provider of lifting and inspection services and has one of the largest wire rope sling production and test facilities in Europe. It currently employs 130 staff.Universal Inspection, which employs 17 staff at its Altens base…
Konecranes to Install Container Cranes in Lithuania
JSSC Klaipedos Smelte in the Port of Klaipeda, Lithuania, has placed a large repeat order with Konecranes for ten Rubber Tired Gantry (RTG) cranes and two Ship-to-Shore (STS) cranes.The delivery of the RTG cranes will be completed in November 2019 and the STS cranes in December 2019. The parties have agreed not to disclose the value of the order.In August 2018 Konecranes signed a contract with JSSC Klaipedos Smelte in the Port of Klaipeda, Lithuania, for the supply of ten Konecranes…
Hafnia Tankers, BW Tankers USD 2.3bln Merger Soon
Denmark-based shipping company Hafnia Tankers is exploring the possibility of consolidation with BW Tankers, part of BW Group, Hafnia’s CEO Mikael Skov said.In its half year results statement Hafnia said: “Hafnia is exploring the possibility of consolidation with BW Tankers, a company owned by BW Group, one of our shareholders.”BW Group increased its shareholdings in Hafnia in early July when it acquired BTS Tankers Partners LLC. With the acquisition, BW Group became the beneficial owner of 43.5% of the Hafnia Group.Last month…
Port of Gothenburg Container Volumes up by 19% H1 2018
During the first six months of this year, container volumes at the Port of Gothenburg rose by 19 per cent, from 318,000 to 378,000 TEUs.The number of cars and intra-European ro-ro units shipped increased by ten and four per cent respectively, whilst the energy segment fell by three per cent. The figures are taken from the Port of Gothenburg’s recently published mid-year volume report.The vast majority of Swedish foreign trade takes place by sea. In the case of trade with countries outside Europe…
Record Low Danube Hinders Shipping in Hungary
Water levels on the Danube dropped to record lows on three sections of the river in Hungary on Wednesday due to a recent drought, hindering passenger cruise ships and causing losses to freight shipping companies.In Budapest the Danube receded to 0.61 metres, just above the record low of 0.51 meters recorded in 2003, the National Water Authority said in a statement.Tourists and locals flocked to the bottom of the pillars of the historic Margaret bridge to capture a unique view of the Hungarian capital city from the riverbed…
British Ports Association Welcomes New UK Export Strategy
Welcoming the Department for International Trade’s new Export Strategy the British Ports Association (BPA) has highlighted the role that ports play handling 95% of the UK’s International trade in goods.Commenting on the Strategy the BPA’s Chief Executive, Richard Ballantyne said: “The new Export Strategy outlines how Government and businesses can work together to promote UK products and exports globally, as well as improving supply chains. In terms of goods, the UK is an import driven economy, however, there are real opportunities to increase exports to Europe and beyond.
Hansa Heavy Lift Delivers Egina Carousel to Nigeria
Hansa Heavy Lift has transported a giant carousel together with eight reels, weighing a total of 3,508.7 metric tonnes, from Newcastle, United Kingdom to Lagos, Nigeria destined for the Egina Oil Field.The voyage took place on board the super heavy lift vessel HHL Lagos, which was mobilised in Rotterdam, the Netherlands, to prepare the vessel with additional deck strength for the extralarge carousel, which weighed over 2,200 metric tonnes including spooled product and had a diameter of over 25 metres.“Close connection between the Hansa Heavy Lift engineering…
Emissions monitoring and reporting means ECA’s, EPA VGP, EU MRV’s, IMO-DCS, RO’s, SEEMP – and you. Fear not: the daunting acronyms can all be managed by employing the right technology.In the past decade, shipowners have faced a raft of new regulations aimed at reducing the pollution from their ships, whether in new environmentally sensitive emissions control areas (ECA) or on the open seas that serve as the primary conduit for 90% of global trade. Limits on sulphur emissions within ECAs such as the Baltic and North seas have been in effect since 2005…
Hapag-Lloyd Adds 11,100 Reefer Containers
Hapag-Lloyd is investing in its container fleet and has ordered 11,100 state-of-the-art reefer containers. The new containers will be integrated to the company’s existing fleet of 91,000 reefer containers, with delivery gradually starting in August and to be finally completed by December 2018.Already today, Hapag-Lloyd has a significant footprint in the refrigerated container market and the company has continuously invested in new reefer equipment throughout the past years and also renewed a significant share of its fleet.Since 2015 alone and including the most recent order…
NORDEN Adopts SEDNA
Danish dry cargo and product tanker operator NORDEN has announced the selection of SEDNA as a new platform for transaction management and team collaboration. NORDEN will use SEDNA across its business, replacing email as the default mode of communication for teams, and forming a key part the company’s business strategy of ‘Focus & Simplicity’.With an owned and chartered fleet of over 300 dry cargo and tanker vessels, NORDEN is the latest in a line of businesses in the shipping…
Another Ship Carrying US Soybeans Enters Dalian Port
A vessel carrying U.S. soybeans entered China's port of Dalian after sitting off coast since July 24, according to shipping data on Thomson Reuters Eikon on Thursday.The movement of the ship, the Star Jennifer, suggests it is preparing to unload its cargo, the second to enter China this week and incur hefty import tariffs Beijing imposed on U.S. products last month amid an escalating trade row.The unloading follows the departure of Peak Pegasus from the same port on Thursday after discharging its cargo of 70,000 tonnes of U.S.
HudsonAnalytix Grows Security and Cyber Risk Management Team
HudsonAnalytix, Inc. has hired Chronis Kapalidis in London to focus on the enhancement and expansion of the firm’s strategic partnerships in Europe.An innovative researcher from one of the world's leading think tanks who is currently examining maritime cyber risk, Kapalidis brings with him his extensive field experience in maritime security operations in both the physical and cyber domains.“Chronis is a strategic thinker who will contribute the development of current and upcoming products and services in response to the shipping and port industries’ needs…
Japan, South Korea Steel Exports to India Surge
India is being hit by a wave of steel from producers in Japan and South Korea, a government document showed, as mills there redirect supply after U.S. President Donald Trump slapped an import duty on the alloy earlier this year.During the first quarter of the fiscal year starting in April, India's steel imports from South Korea rose 31 percent from a year earlier, while those from Japan climbed 30 percent, according to an internal document from the Ministry of Steel that was reviewed…
Strong July Across Great Lakes Gets Seaway Tonnage
Great Lakes-St. Lawrence shipping continues to bounce back after a slow start. With strong tonnage numbers in July, particularly shipments of U.S. grain, liquid bulk and project cargo, the 2018 shipping season is right on par with the healthy statistics posted last year.Overall cargo shipments on the St. Lawrence Seaway between March 29 and July 31 totaled 16.5 million metric tons. Areas of strength included U.S. grain shipments totaling 888,000 metric tons, up 32 percent over last year. Liquid bulk shipments totaled 2.3 million metric tons, an increase of 25 percent.
China Navigation Company Opens Vancouver Branch
China Navigation Company (CNCo), part of the Swire Group, has expanded its presence in North America by establishing a branch office in Vancouver, Canada.The opening ceremony was graced by Bruce Ralston, Minister of Jobs, Trade & Technology, British Columbia, who unveiled a plaque in the CNCo office located at W Hastings Street.Minister Bruce Ralston said, “The Province recognises the significant contribution that The China Navigation Company makes to the shipping industry worldwide.
CGB Expands Soybean Processing Plant
The Consolidated Grain and Barge Co. (CGB) announced the completion of its $32 million expansion at its soybean processing facility at the Port of Indiana-Mount Vernon.CGB President and CEO Kevin Adams and CGB Senior Vice President Steve O'Nan joined Port of Indiana-Mount Vernon Port Director Phil Wilzbacher to welcome the expansion that will increase servicing opportunities for Indiana's soybean farmers and increase product supply for agribusiness customers.CGB originates and markets grain and oilseeds for domestic and international markets.
Low Water Still Troubles River Shipping in Germany
Water levels on the Rhine and Danube in Germany remain low after a recent drought and freight vessels cannot sail fully loaded on the rivers, traders said on Tuesday.Rhine water levels have risen after rain in recent days but still remain well below levels that would allow normal sailings, they said.“Most vessels are only sailing about 30 percent full,” one trader said. “The situation is worst in southern sections of the river; a lot more rain is still needed.”The Rhine is an important shipping route for commodities including grains, minerals, coal and oil products including heating oil.
The Digitalization of Tanker Logistics
The tanker business carefully dips its toes into the digital chartering, analytics and big (data) pond. It is a work in progress.Like every other business, raw materials, refined products and petrochemicals, are undergoing unprecedented waves of digitalization. However, shipping is one linkage, albeit an important one, within the much bigger supply chains for crude oil and products. But cargo is king, raising an important question: Will future efforts to link ship chartering, and ship brokerage…
Target Corporation Honors Yang Ming
Yang Ming Marine Transport Corp. was named “Provider of the Year” on 18th July, 2018 by Target Corporation, the second-largest department store retailer and importer of containerized freight in the United States.Yang Ming was also accredited with the “Environmental Ship Index Award 2017” by Marseille Fos Port Authority, said a company statement.The “Provider of the Year” award distinguishes the provider who has demonstrated exceptional operational performance in cooperation with Target Corporation.Yang Ming achieved a score of 99.9% against stated performance goals.
Unifeeder Becomes Part of the DP World
Following last week annoucement of acquisition, Unifeeder Group has announced the signing of the agreed acquisition of Unifeeder by DP World.The largest Pan-European feeder and shortsea operator announced in a press release that it will benefit from DP World’s global scope, size and presence which in turn will enable Unifeeder’s brands to expand further and beyond present geographies and products.Unifeeder will continue to operate on a fully independent, multi-user basis under its current existing management, and expects to see additional growth as a consequence of the transaction.