Grindrod to Float Listing of Shipping Business Offshore
Grindrod, the South Africa-listed freight logistics and shipping services firm, said on Friday it will list its shipping business offshore, with a secondary listing on the Johannesburg bourse. Grindrod, which also has a financial services business, said the transaction which will list the shipping business on the NASDAQ is estimated to be implemented by June, 18. Reporting by Tanisha Heiberg
Container Volume Growth Continues in North Carolina
North Carolina Ports reports a boost in container volumes at the Port of Wilmington continues a recent growth trend at the port, where box volumes are currently up 31 percent in fiscal year 2018 and year to date volume in January and February is up 58 percent. “We are seeing unprecedented growth due to two factors: the return of the business that was temporarily effected by the Hanjin bankruptcy and new growth relating to our ability to offer fast and efficient terminal operations,” explained NC Ports Executive Director Paul J. Cozza.
US Core Capital Goods Orders, Shipments Jump in February
New orders for key U.S.-made capital goods rebounded more than expected in February after two straight monthly declines and shipments surged, which could temper expectations of a sharp slowdown in business spending on equipment in the first quarter. The Commerce Department’s report on Friday could prompt economists to raise their economic growth estimates for the first three months of the year. They were slashed last week after data showed retail sales fell in February for the third month in a row.
Trump Tariffs: EU Seeks Permanent Exemption
European Union leaders called on Friday for a temporary exemption from U.S. import duties on steel and aluminium to be made permanent, saying they reserved the right to respond in an "in a proportionate manner" to protect the bloc's interests. The 40-day exemption granted by Washington was like U.S. President Donald Trump "putting a gun to our head", Belgium's prime minister complained. The EU's trade negotiator demanded that the United States drop "artificial deadlines". Trump said on Thursday he would suspend tariffs for the EU…
China Considering New Tariffs on 128 US Products
China's commerce ministry said on Friday that it may impose additional tariffs on up to $3 billion of U.S. imports in response to U.S. tariffs on Chinese steel and aluminum products. The ministry said it was considering implementing measures in two stages: first, a 15 percent tariff on 120 products including steel pipes, dried fruit and wine, and later, a 25 percent tariff on pork and recycled aluminum. Below is a list of 128 U.S. 83 22043000 Grape juice other than that of heading item No.
Cepsa Debuts South Europe's First Multi-product LNG Supply Vessel
Cepsa presented in the Port of Huelva the first multi-product marine fuel supply vessel in southern Europe. The vessel, based in the port of Huelva, will provide ship to ship Liquefied Natural Gas (LNG), in addition to traditional fuels: fuel oils and diesel. State-of-the-art technology has been used in its construction including a new fuel measurement system, based on Mass Flow Meters technology, which guarantees the accuracy in the supply of fuel to vessels. The new multipurpose vessel (OIZMENDI)…
ZIM Turns Around, Posts Profit for 2017
The biggest cargo shipping company in Israel ZIM Integrated Shipping Services (ZIM) has posted adjusted net profit of $50 million in 2017, compared to adjusted net loss of $150 million in 2016. The net Profit was $11 million, compared to net loss of $163 million in the comparable period of 2016. It has recorded a total revenues were $2.99 billion in 2017, compared to $2.54 billion in 2016, registering a 17% increase. During 2016-2017, the container shipping industry went through…
Diana Shipping TC Contract for New Orleans with SwissMarine
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v New Orleans. The gross charter rate is $21,000 per day, minus a 5 percent commission paid to third parties, for a period of minimum 11 months to maximum 13 months. The charter is expected to commence on March 25, 2018. The m/v New Orleans is currently chartered, as previously announced, to Koch Shipping Pte.
US LNG Firms Lament Bad Timing of Tariffs, China Trade Spat
The Trump administration's planned steel tariffs and a potential trade battle with China could hurt U.S. liquefied natural gas companies just as a new wave of developments in the fast-growing market is gaining steam, company executives say. China is the fastest growing major buyer of LNG, making it an important customer for U.S. producers. It is also a significant exporter of the steel components used in LNG plant construction. With an LNG shortage looming as early as 2022, a rush of offtake deals with China and other buyers had been looking likely…
Gaining the Competitive Edge in a Booming Cruise Industry
2018 is set to be a recordbreaking year for new cruise ships, with just about every major cruise line due to launch a new ship during the course of the next 12 months. The four leading cruise companies – Carnival, Royal Caribbean, Norwegian Cruise Line and MSC Cruises – are all poised to unveil their own state-of-the-art vessels, each attempting to offer the most innovative features at sea. The cruise ship building boom will force ship owners to think of new ways to outsmart their competitors…
Supply Chain Technology: Debunking Digital
Digitization without integration in the world of global shipping is a sure recipe for failure. While most shipping companies would say that they have embraced the digital world, there are differing degrees of digitization. Some companies operate fully comprehensive systems that extend into every corner of their business. Others might use programs such as Microsoft Word to create documents or Excel for their finances. Both companies are digitized but clearly not to the same extent.
Trade Wars Clearly Bad for Global Shipping - BIMCO
On March 1, 2018, President Trump pushed through a metals tariff plan that puts 25 percent tariff on imports of steel and a 10 percent tariff on imports of aluminium. They are set to enter into force on March 23, 2018. The Trump administration seems positive towards protectionism and that picture became clear when the pro-trade U.S. President Donald Trump’s chief economic adviser Gary Cohn resigned on March 6 because of the tariffs imposed on steel and aluminium. Although the tariffs on steel and aluminium are expected to have a limited impact on most international bulk trades…
Hiab's Multilift Commander Launched
Hiab, part of Cargotec, has launched an innovative new product to handle containers safely and efficiently in locations where no infrastructure exists to load or unload containers from a truck. Originally developed for the logistics needs of governmental organisations, the MULTILIFT COMMANDER container handling unit is an application for the popular MULTILIFT XR21 hooklift that enables both ISO 1C and 1CC freight containers, and DIN standard demountable flatracks, to be handled by the same truck. "This is a new application for the commercial hooklift market.
DP World, Tata Group Mull Cooperation Opportunities
Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, has met senior executives from India’s Tata Group to explore opportunities for cooperation, knowledge sharing and best practice. Discussions covered logistics and supply chain operations, innovative customer care and creating high quality, sustainable services. The meeting was attended by Ahmed Al Haddad, Chief Operating Officer, Jafza, and Mahmood Al Bastaki, CEO, Dubai Trade. Bin Sulayem outlined DP World’s operations across 40 countries…
ZIM Upgrades ZCP, Rolls-out CFX Service
The biggest cargo shipping company in Israel ZIM Integrated Shipping Services (ZIM) upgrades ZIM Container Service Pacific (ZCP) and Introduces a New Service (CFX) Connecting Jamaica, Florida & Canada. "ZIM is pleased to announce a change and upgrade of our flagship ZIM Container Service Pacific (ZCP), and the simultaneous launch of a new Canada Florida Express service (CFX), starting April 3rd," said a statement from the company. The combined synchronized change will improve transit time and service levels, and expand port coverage.
New Samskip container service for ACT
A new short-sea container service between Amsterdam and Hull will be formally inaugurated today (21 March 2018) with the first call of the 340-TEU vessel THEA II at Amsterdam Container Terminal (ACT). The new service, operated by leading short sea container operator Samskip, offers three sailings a week on this new route with vessels departing from Amsterdam on Mondays, Wednesdays and Saturdays. “Amsterdam Container Terminal offers shipping lines the opportunity to serve their customers in a fast, efficient, reliable and sustainable manner.
INTTRA, NAMSUNG Expand
INTTRA, a neutral electronic transaction platform, software and information provider at the center of the ocean shipping industry, announced an expansion of its rapidly growing carrier network with the addition of Korea's Namsung Shipping Co. Ltd. NAMSUNG, established in 1953 as the first private ocean going shipping carrier in Korea, provides services throughout Asia, with routes targeting Korea to Japan, China, Hong Kong, Vietnam, Thailand and intra-Asia routes. NAMSUNG will offer its customers a full suite of services through INTTRA's network…
Post Hurricane Maria, Crowley to assist Puerto Rico's Recovery
It’s been called the most logistically challenging relief effort the United States has ever managed. When nearly Category 5 Hurricane Maria struck Puerto Rico, it left a wake of destruction that residents and emergency responders are still reckoning with. The road to recovery for an island like Puerto Rico is different from mainland locations. The American territory sits about 1,000 miles away from the closest city in the contiguous United States. Transportation of cargo, supplies and equipment requires specialized vessels or aircraft, even in good times.
British Ports Association Calls for ‘Frictionless’ Brexit
The British Ports Association has published a new strategic report - ‘A Brexit Dividend’, which calls on the UK Government to deliver on the Prime Minister’s pledge of ‘frictionless’ trade after Brexit. Following Monday's (March 19) agreement between UK and EU negotiators on the terms of a transition deal and ahead of the EU Council meeting later this week, the British Ports Association has published ‘A Brexit Dividend’. Ports are calling for a pragmatic deal with the EU on both…
Maersk, Hamburg Süd Improves Asia-Europe Services
While Maersk Line relaunched Asia-Europe Network to increase schedule reliability, Hamburg Süd upgraded schedule reliability in Asia – Europe/Mediterranean network. Maersk Line announced changes to its services connecting Asia and Europe to focus on improving the reliability of the world’s most comprehensive Asia-Europe network. Enhancements address customers’ needs for stable and efficient services and allow for competitive coverage of ports and main markets in both Asia and Europe.
Proposed NATO Logistics Command Will Be Based in Ulm
A proposed new NATO logistics command aimed at deterring Russia would be based in the southern German city of Ulm, the German Defence Ministry told lawmakers on Tuesday. It said a broad plan for the new Joint Support and Enabling Command (JSEC) would be completed by mid-April, with a formal decision by NATO expected at a meeting of alliance defense ministers from June 7-8. “As a framework nation for the JSEC, we can make a significant contribution to burden-sharing in the alliance,” state secretary in the Defence Ministry Peter Tauber told lawmakers in a letter.
Hamburg Süd: Upgrades Asia – Europe/Mediterranean network
Since February 2017, Hamburg Süd, through its partnership with 2M, has been able to offer its customers access to the world’s most comprehensive Asia – Europe/Mediterranean network. As part of a regular network review, and in an effort to enhance schedule reliability, the decision has been made to rearrange this network in the second half of the second quarter in 2018. Increased buffer times and eliminated duplicate port calls throughout the network allows schedules to better absorb delays and therefore reduces the need to omit ports.
PSA International sees profit jump 5.0%
* PSA International Pte Ltd (PSA) handled 74.24 million TEUs for the year ended 31 December 2017, representing an increase of 9.8% from the previous year. * PSA's flagship Singapore Terminals contributed 33.35 million TEUs, increasing 9.0% over 2016. PSA terminals outside Singapore delivered a total throughput of 40.89 million TEUs, increasing 10.4% over 2016. * PSA Group revenue rose 7.8% and profit from operations grew 5.0% compared to previous year. Overall net profit for the year was 5.1% higher at $1.23 billion.
Wärtsilä acquires Transas
Wärtsilä announced today that it has acquired Transas, an innovative, digital solutions provider headquartered in the UK. This acquisition is a recognition of Transas’ strong position in the maritime technologies market and its technological leadership. The transaction will allow Transas to work within a global maritime company in delivering its solutions, bringing scale and value to the industry in need of innovation leadership. Transas is a global market leader in marine navigation solutions that include complete bridge systems, digital solutions and electronic charts.
ADNOC Signs Major Offshore Concession Agreements with Total
The Abu Dhabi National Oil Company (ADNOC) has signed agreements with Total of France, awarding them stakes in two of Abu Dhabi’s new offshore concessions. Under the terms of the agreements, Total has been awarded a 20% interest in the Umm Shaif and Nasr concession and a 5% interest in the Lower Zakum concession. Total is ADNOC’s largest and one of its longest international partners, active in Abu Dhabi’s oil and gas sector since 1939. Today, the French super-major collaborates with ADNOC across the value chain…
DP World Acquires Cosmos Agencia Maritima in Peru
Dubai-based DP World, , one of the world's largest port operators, said it had bought a logistics firm Cosmos Agencia Maritima (CAM) in Peru for $315.7 million, giving it a 50 percent stake in the country's second largest container terminal. "CAM owns a fully integrated logistics service business (Neptunia S.A and Triton Transport S.A)that offers end-to-end solutions to its customers. The logistics division offers an integrated platform of solutions in activities related to foreign trade…
Port of Gothenburg: Sustained Growth in Ro-Ro Operations
Ro-ro operations at the Port of Gothenburg are looking bright, with sustained growth three years in succession. There has been an increase of 10 per cent over the past year alone, with the number of units currently standing at 593,000. But there is still potential to raise the bar even further by switching a higher proportion of freight from Norway to Gothenburg from land to sea. It is hoped that closer collaboration between the ports in Hirtshals, Kristiansand, Larvik, Grenland…
Changes at Teekay's top deck
Teekay Tankers Ltd. • Richard D. Paterson has been appointed as the new Chair of the Audit Committee, effective March 15, 2018. • William Lawes has stepped down as Audit Committee Chair, but remains on the Audit Committee and Board. Mr. Paterson joined the Board of Directors of Teekay Tankers on August 1, 2017. He is a certified public accountant who retired from PriceWaterhouseCoopers LLP (PwC) in 2011 after 37 years of service. At the time of his retirement, Mr. Paterson served as the global leader of PwC’s Consumer…
Korea Lines orders two VLCCs at Hyundai Heavy
South Korean shipping firm Korea Line Corporation (KLC) has placed an order for two new very large crude carriers(VLCC) at country's biggest yard, Hyundai Heavy Industries (HHI), and the company will explore further collaborations with the country's shipbuilders. According to Yonhap news agency, the new VLCCs are expected to have been delivered by the 2020. The total amount of the agreement will amount at 185.6 billion won (US$173 million). The carriers, which can hold 300,000 tons of crude oil each…
Kalmar Promotes New Range of Reachstackers in Latin American
Kalmar, part of Cargotec, launches a new range of equipment designed to offer customers in the Latin American market a value-based choice of the high quality, reliable equipment that Kalmar is known for. Based on Kalmar's proven G-generation platform, the Essential range includes reachstackers, empty container handlers and forklifts. The range will be introduced for customers in the region during the Intermodal South America conference in São Paulo, Brazil on 13-15 March 2018.
MSC Improves Cargo Transit Between Seville and the Atlantic
MSC Mediterranean Shipping Company, a global leader in transportation and logistics, is pleased to announce the launch of a new freight rail service between Seville, Spain, and the Atlantic, beginning 4 April 2018. The service is expected to run daily between Seville’s inland maritime port – Puerto de Sevilla – and the major coastal port hub of Sines, Portugal, with a capacity of more than 100 TEU (twenty-foot equivalent unit) per return journey. Shippers will have the possibility to obtain customs clearance for cargo at Seville’s inland maritime port…
Kalmar Backs Suomen Satamatekniikka Oy
Kalmar, part of Cargotec, has signed a Kalmar Care service agreement with Suomen Satamatekniikka, a subsidiary of Steveco, covering the maintenance and service of 16 Kalmar straddle carriers at the Port of Helsinki, Finland. The order was booked in Cargotec's 2017 fourth quarter order intake and the agreement comes into effect from the beginning of February 2018. Steveco, a leading port operator in Finland, employs approximately 850 people and has annual revenues of close to EUR 160 million.
New Members Join NOAA’s Hydrographic Services Advisory Panel
NOAA acting administrator retired Navy Rear Adm. Tim Gallaudet, Ph.D., has appointed three new members to the Hydrographic Services Review Panel, a federal advisory committee that gives NOAA independent advice for improving a range of services and products that support safe navigation and coastal resilience. Sean M. Duffy Sr., executive director, Big River Coalition, New Orleans, La. Retired USCG Capt. Julie Thomas, senior advisor, Southern California, Coastal Ocean Observing System, Scripps Institution of Oceanography, La Jolla, Calif.
Hamburg Welcomes Its Largest Ever Box Ship
The largest ever containership to call at the port on the Elbe berthed in Hamburg early on Thursday morning, March 15. The oceangoing giant CMA CGM Antoine de Saint Exupery made its maiden call at the Port of Hamburg's HHLA Container Terminal Burchardkai (CTB) where it will discharge approximately 7,000 TEU and load 4,000. The 400-meter-long CMA CGM Antoine de Saint Exupery, delivered to French owner CMA CGM earlier this year, has a capacity of 20,776 TEU. End-to-end, those containers would cover a distance of over 125 kilometers.
Chemical Tankers Market to Grow at a CAGR of 4.5% by 2022
The chemical tankers market is projected to grow from USD 26.63 billion in 2017 to USD 33.11 billion by 2022, at a CAGR of 4.5% between 2017 and 2022, said a research report. The flourishing chemical industry and increasing use of water transportation for transferring chemicals from one place to another across the globe are the major driving factors for the growth of the chemical tankers market, said Report Linker. Chemical tankers market includes revenues earned through shipping of chemicals and related products.
SOHAR Port and Freezone a ‘SmartPort’
Trelleborg’s marine systems operation has supplied its SmartPort technology to SOHAR Port and Freezone, in Oman. Previously, Trelleborg had supplied the port with Quick Release Hooks (QRHs), Docking Aid Systems (DAS), fenders and SafePilot Portable Pilot Units (PPUs). However, while each solution provided a touchpoint for data collection, they were supplied across disparate projects, so were not integrated and were manually managed. The port was determined to take a more holistic approach to operations and Trelleborg has been working to evolve its business model to support smart…
US Dredging: An Advocate for Ports, Waterways & Coastal Protection
U.S. dredging companies are unlocking the potential of U.S. Ports. These companies build their equipment in U.S. shipyards, are owned by U.S. companies and staff their ships and projects with hardworking Americans. U.S.-based Dredgers build to suit the needs of the United States. We all know that it takes a significant amount of time to complete an environmental analysis before a dredging project can commence. This usually means that an environmental impact statement (EIS) under the National Environmental Policy Act of 1969 (NEPA) must be undertaken.
Antwerp Sets up Maritime Training Institute in Brazil
The port of Antwerp is to make its know-how and expertise available to further professionalise the management of ports in Brazil. It will do this by among other things providing a special series of seminars in two already active training centres for maritime professionals in Brazil. The initiative is laid down in a Memorandum of Understanding that was signed on Tuesday this week by Marc Van Peel with among others Maurício Quintella, the Brazilian minister of Transport, Ports and Civil Aviation.
Ørbeck-Nilssen Sets Out Transformation of IACS at CMA
Speaking at Shipping 2018, the Connecticut Maritime Association’s (CMA) annual conference, Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime and IACS Chairman, looked at some of the initiatives taken at the International Association of Classification Societies (IACS) that were changing the organization. “It is my duty and honor to encourage the world’s biggest classification societies to pull together to adapt to this rapid pace of change and create a strong foundation for IACS as the leading maritime technical association,” Ørbeck-Nilssen said.
S.Korea Fuel Oil Imports Soar
South Korea's move to shut coal-fired generators to control air pollution at the same time as nuclear reactors are going into scheduled maintenance is resulting in surging fuel oil imports, as utilities burn the dirty feedstock to meet power demand. South Korea's trade ministry said in February it would suspend five coal-fired power plants, with a combined capacity of 2.32 gigawatts (GW), from March to June, part of a broad campaign to reduce pollution. That plan may backfire, at least in the short-term.
GEODIS, Portrix Partner for Instant Online Pricing
GEODIS, one of the world’s biggest transport and logistics operators, has chosen Portrix Logistic Software (PLS) as a partner for generating transportation quotes to its customers online. PLS is integrating its WebQuote solution, an extension of its leading Global Price Management (GPM) software, with GEODIS’ web portal IRIS. IRIS is the “Intelligent Real-Time Information Service” of GEODIS, an online solution for the company’s freight forwarding customers. The new service developed with PLS will greatly simplify the process of obtaining instant transportation prices.
First Arkas Line Ship To Dock In Contship Ravenna
Natalia A container ship that belongs to Turkish ARKAS shipping line is docked in Contship Ravenna – the Contship Italia Group gateway on the Adriatic Sea. The Natalia A is deployed on the ADS service (Adriatic Service) that connects Ravenna with Istanbul, Gemlik, Piraeus, Izmir, Beirut, Mersin, Aleksandria and Lattakia, on a weekly basis. “We are delighted to see that a shipping line such as Arkas has chosen the Ravenna Terminal as a partner to expand container traffic, offering fundamental connections with Turkey…
Warmth Brightens up La Spezia Container Terminal
Despite the grey clouds and rain that fell over the weekend in La Spezia, the YM Warmth making only her second call brought a splash of colour to the terminal when it discharged from Asia a brand new ONE container, showing off the bright new magenta livery. The ship is deployed in THE Alliance’s MD2 service and is one of a series of 14,000 teu ships operated by Yang Ming Line of Taiwan. Effective from April 1, ONE will become the new shipping line formed as a result of the merged container divisions of the big three Japanese lines, namely “K” Line, NYK and MOL.
Iron Ore Stockpiles at China Ports near Record High
Chinese iron ore futures struggled to regain ground on Tuesday after recent sharp losses that drove the steelmaking commodity to its weakest since November and pulled down spot prices to below $70 a tonne for the first time in three months. Lean demand in top consumer China has kept iron ore stocks at its ports near a record high around 159 million tonnes, enough to build Australia's Sydney Harbour Bridge almost 1,900 times over. Iron ore demand has been slow amid a mountain of…
Maersk's Port Business Woos Customers with New Transport Services
Danish shipping group A.P. Moller-Maersk's is betting on winning new customers for its port division by becoming a one-stop shop that can transport goods from factory to retailers' shelves. The move comes as Maersk, the world's biggest container shipper, is entering uncharted territory following its sale last year of most of its energy businesses. This marked a major shift of focus for the group towards transport and logistics. Last month, Maersk said it aimed to expand its port and transport services…
Subsea 7 Wins Offshore Azerbaijan Deal
Subsea 7 S.A. announced the award of a contract by BP Exploration for the provision of subsea inspection, repair and maintenance (IRM) services on both the Azeri-Chirag-Gunashli (ACG) and Shah Deniz (SD) fields, offshore Azerbaijan. Under the terms of this five year agreement, the scope of work comprises the provision of a Life of Field support vessel complete with work class and observation class ROVs, capable of performing inspection, survey, intervention, light subsea construction, surface diving and emergency response services.
Fincantieri Services set-up in the U.S.
As part of its business development strategy in the United States, Fincantieri has established Fincantieri Services USA, a wholly owned subsidiary, based in Miami, Florida, which will be the focal point in the country for all the services and after sales activities on cruise ships of the Group. Fincantieri Services USA will be the sole front office for cruise customers, offering a wide range of services - particularly all those related to the life cycle management of the vessels - as well as focusing on repairs and refitting.
Rail Link Could Drive Germany–Rotterdam Container Traffic
The Port of Rotterdam could increase its market share in certain regions in South-West Germany by up to 23%, if additional rail connections are created. This is one of the outcomes of the “HiRo – Market Potential for Container Transports from the South-West German Hinterland” market study conducted jointly by the Darmstadt Technical University, the Port of Rotterdam Authority and Contargo, which was presented to the public in Mannheim today. The study was based on a survey of 30 hauliers…
Bolivia Joins International Mobile Satellite Organization
The Plurinational State of Bolivia has become the 104th country to join the International Mobile Satellite Organization (IMSO), the inter-governmental body that oversees the provision of certain satellite-based maritime distress communication services. The IMSO Convention was adopted by International Maritime Organization (IMO) in 1976 to establish and oversee satellite communications for shipping. Ms. Giovanna Lenny Vidal, Charge d'Affaires, met IMO Secretary-General Kitack Lim and IMSO Director General Capt. Moin Ahmed to deposit the instrument of accession to the Convention.
CMA CGM Upgrades Indian Sub-continent and Europe Services
The CMA CGM Group, a world leader in maritime transport, is pleased to announce it is reinforcing its offer, starting 2 April 2018, from Indian Sub-Continent, in a partnership with HLC, MSC, COSCO and ONE. With 2 weekly and complementary services, this new offer will provide expanded port coverage and will also reduce transit times and improve schedule reliability of existing services. With this unique offer, CMA CGM pursues its ambition to strengthen its service to the Indian Sub-Continent market.
Kiel Gets Second Cruise Passenger Terminal at Ostseekai
A second handling center for cruise ship passengers and their luggage is being built at Kiel’s Ostseekai Cruise Shipping Terminal. Artist’s impressions of how the new building will look when complete have been made public for the first time at the ITB Berlin – the world’s leading trade fair for the travel industry. Dr Dirk Claus, Managing Director of the Port of Kiel (SEEHAFEN KIEL GmbH & Co. KG) said: “Sea tourism is a strong growth market sector for the port of Kiel. With…
Maersk to Expand Onshore Services in Port Division
Danish shipping company A.P. Moller-Maersk will begin expanding onshore services at its global port division to accommodate demands from companies like railway operators and freight haulers, according to newspaper Borsen. "Until now it has been the big shipping lines that have paid our bills, and that's why we've focused on them. But there are thousands of other customers like freight hauling firms or railway operators, and we now begin to expand our range of customers," Henrik Lundgaard Pedersen, chief commercial officer at APM Terminals, told Borsen.
Virginia Port’s Cargo Numbers Up
Despite a slight dip in volume of .7 percent in February, The Port of Virginia’s fiscal year 2018 cargo volumes are up nearly 4 percent, or nearly 69,000 TEUs. “February is a short month and our volume was relatively static, in a year-on-year comparison,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority (VPA). “January featured two snowstorms, which had an impact on our performance, yet we continue to perform in-line with our fiscal-year volume forecast.
International Seaways Updates on VLCC Acquisition and MR Vessel Sales
International Seaways, one of the largest tanker companies worldwide, said it acquired a 2010-built VLCC for $53 million, the Seaways Raffles, which commenced trading in the Tankers International pool, during the fourth quarter of 2017. During the fourth quarter, the company, which provides energy transportation services for crude oil and petroleum products in International Flag markets, sold a 2004-built MR, which was delivered to buyers in November 2017. The Company also sold a 2002-built MR…
Indiana's Burns Harbor Plans for More Growth
The Port of Indiana-Burns Harbor completed a landmark year in 2017 and is poised for significant future growth as a result of several historic developments. In addition to handling an 8 percent increase in cargo shipments in 2017, the port doubled the size of its bulk terminal, attracted a nationally-renowned stevedore in Metro Ports, handled its most valuable cargo ever, and announced a $20 million expansion made possible by earning one of only 10 "FASTLANE" small project grants awarded in the U.S. last year.
Amsterdam CT Connects with New Silk Road
A new direct connection has been launched between Amsterdam Container Terminal and Yiwu in China as part of the new Silk Road connecting two of the world’s leading economies. The first train set off on its 11,000 kilometre, 16-day journey on 7 March 2018 from the intermodal railhead at Amsterdam Container Terminal to the trading hub of Yiwu in Zhejiang province. Reflecting The Netherlands’ diverse export market, it carried a variety of Dutch-made machinery, mineral fuels, pharmaceuticals, technical equipment and chemicals.
Connectivity Crucial to Singapore's Role as Maritime Hub
To continue growing the maritime cluster and capturing new opportunities, the Maritime and Port Authority of Singapore (MPA) will strengthen the connectivity and inter-linkages of Singapore’s maritime cluster, build a vibrant innovation ecosystem and develop a future-ready and skilled maritime workforce. MPA will also enhance and top up the Maritime Cluster Fund (MCF) by $100 million in support of our vision for Maritime Singapore to be the Global Maritime Hub for Connectivity, Innovation and Talent.
ICTSI volume hits 9.2 mi TEUs
International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for the year ended 31 December 2017, posting revenue from port operations of US$1.244 billion, 10 percent higher compared to US$1.128 billion in 2016; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$578.0 million, 10 percent better than the US$525.1 million generated the previous year; and net income attributable to equity holders of US$182.1 million, up one percent compared to the US$180.0 million earned last year.
Ardent and Singapore Salvage Engineers Join Forces for Emergency Response
Maritime services provider Ardent and Singapore Salvage Engineers (SSE) have joined forces for future operations within Singapore and adjacent waters. The two companies signed a cooperation agreement on the 19th of January 2018 to closely work together on future opportunities and at the same time retain their own corporate identities. “Through SSE’s strong background within the immediate region of Singapore and adjacent waters in combination with the diversity of resources they operate…
Maritime Cook Islands Gears Up for Stronger 2018
Maritime Cook Islands (MCI), an international ship registry, is planning for another year of expansion after a solid performance in 2017. Despite the continuing challenging times in shipping, MCI says 2017 saw it make significant progress on several fronts. For 2017, MCI registered 130 new vessels. Our fleet grew by 3.6%; from 557 vessels at the end of 2016 to 577 (as of 13 December 2017). With 451,792 gross tonnage (GT) added for 2017, this brings the total GT for 2017 to 1,840,614 (as of 16 December 2017). This represents an increase of 3.76% from 2016’s total GT.