Valeport Promotes Frankland
Valeport promoted Guy Frankland to Head of Marketing, as it targets market leadership in the environmental sensors sector. The internal appointment of Frankland, former marketing manager, marks the latest step in the strategic growth plans for Valeport, a leading oceanographic, hydrographic and hydrometric instrument manufacturer.With more than 20 years’ experience in strategy, brand and digital marketing, Franklandjoined Valeport in 2018 and has been responsible for overseeing a comprehensive refresh of the brand that has served the subsea sector for more than 50 years…
Emission Reduction Tech: RightShip Debuts Maritime Emissions Portal
As the maritime community collectively fights to reduce emissions, RightShip and Pilbara Ports Authority have developed a pilot program that allows ports around the world to review their emissions profiles and develop management strategies. After partnering with The Australian Marine Environment Protection Association (AUSMEPA), and winning a $250,000 Google Impact grant in 2016, RightShip and AUSMEPA have developed a Maritime Emissions Portal (MEP), which will provide leading emissions inventory data to ports around the world.Available now for commercial use…
New Product: WhisperPower Launches New Battery Charger
WhisperPower is ready to start shipping its new range of Supreme Pro Battery Chargers. Available in four models – 40, 60, 80 and 100 amps – the chargers/power supplies have been built to exceed the most stringent requirements of the global shipping industry.The Supreme Pro range is touted by the manufacture as the smallest 24V battery charger of its type in the world, able to run silently and keep itself cool in hot areas such as engine rooms that may otherwise compromise performance.Each…
Lindsay-Blee Offering VLSFO in Florida Ports
Marine fuel company Lindsay-Blee, along with its joint venture partner Quest Fuels, announced Monday that it will offer very low sulphur fuel oil (VLSFO), meeting the IFO RMG 380 ISO:2010 specification with max sulphur < 0.50% to its clients calling Florida ports. The product will be available in Port Canaveral, Port Tampa, JaxPort, Port Manatee, and all other major ports in Florida, effective immediately.This expansion gives the Lindsay-Blee Group’s customers the ability to source VLSFO from Lindsay Blee’s supply operations in both Florida and Colombia…
Bulk Cargo Logistics and Solving the Commodity Conundrum
The long-established processes and practices associated with bulk commodity shipping present distinct challenges. For cargo owners, they mean a lack of transparency – leading to significant inefficiency and waste. OceanSMART Managing Director Bryan Phillips explains how new technologies that digitize these methods are poised to change the entire industry.The movement of cargoes from source to destination involves so much more than a seller-buyer relationship: there are multiple…
Port of Oakland Imports Jump 10.4%
The Port of Oakland said Wednesday that its October imports grew 10.4% compared to October 2019. The port also said containerized export volume was down 0.5% when compared to October 2019. Total TEUs for October were 216,686, up 5.8% compared to October 2019 when TEUs were 204,880.The port attributed the jump in imports to the pandemic changing consumer spending habits. The port said consumer products are driving the strong import performance from Asia. In turn, this is causing…
US Grain Exports Via the St. Lawrence Seaway Up 10.7%
Slow progress continues for U.S. Great Lakes-Seaway shipping: U.S. grain exports up 10.7%According to the latest figures, Great Lakes-St. Lawrence Seaway shipping recorded improvements in October with U.S. grain and project cargo shipments helping to lift tonnage volumes in an otherwise turbulent season.A total of 27.7 million metric tons of cargo moved through the St. Lawrence Seaway (April 1 to October 31), down 7.9% from 2019.Year-to-date U.S. grain shipments (wheat, soybeans and corn) via the Seaway totaled 1.3 million metric tons, up 10.7%.
Oi 50th "Voices": Professor Edward Hill, OBE, Chief Executive, National Oceanography Centre
Oceanology International, the world's largest exhibition and conference for the subsea sector, was originally scheduled for March 2020, subsequently rescheduled to December 2020 due to COVID-19. The organizers last month announced the need to take this iconic event 100% virtual due to the lingering pandemic. Below are insights from Professor Edward Hill, Chief Executive, NOCS, as published in the "Oi 50th Anniversary Edition", published by Marine Technology Reporter and included with the November/December 2020 edition.
Wilhelmsen Gets DNV GL Type Approval for the Digi Boiler
Alongside the unique Type Approval for the Digi Boiler automated dosing system, Wilhelmsen have also been certified as reportedly the first and only approved service supplier for DNV GL’s BMON+ class notation.“Our system is tried, tested and proven at sea, but we understood that Type Approval was an absolute necessity, and so we initiated this process with DNV GL," said Rune Nygaard, Business Manager Ventures in Wilhelmsen Marine Products’ recently established Open Innovation division.
INTERMODAL: Baltic Exchange launches Air Freight Indices
The Baltic Exchange has today (16 November) launched weekly air freight indices. It has partnered with established Hong Kong based air cargo pricing publisher TAC Index and the new indices include six outbound indices and 13 individual destination baskets. These products will be branded as the Baltic Air Freight Index (BAI) - powered by TAC data. They will come under the governance of Baltic Exchange Information Services Limited (BEISL), with TAC Index acting as the Calculating Agent.Did You Know?
Swire Shipping Deploys MV Lae Chief on (NAX) Service
Swire Shipping deployed its first 2,750TEU newbuild, MV Lae Chief, on its upgraded North Asia Express (NAX) service. Launching the new fixed-day fortnightly service with her maiden voyage, the vessel made her first port call in Shanghai on November 5, 2020.The new 2,750-TEU vessel is fitted with three 45mt cranes capable of dual lifts enabling it to carry all cargo types, including breakbulk, out of gauge and reefers. With strengthened tank tops to 20 t/m², MV Lae Chief is capable of carrying breakbulk such as steel and forest products…
Stena Line Marks a Quarter Century in Belfast
Stena Line celebrates today (November 12, 2020) the 25th anniversary of the relocation of its ferry services to Belfast from Larne in 1995. In that time the company has achieved a number of key milestones including transporting in excess of 33 million passengers, 7 million cars and almost 7 million freight units.When Stena Line established its Belfast operation in 1995 it operated three ferries to one port in Scotland. Today, that service has expanded to include seven vessels operating year-round services to Cairnryan…
Lindblad Expeditions Names Goodman CCO/CMO
Lindblad Expeditions Holdings, Inc. named David Goodman as its Chief Commercial and Marketing Officer, effective November 9, 2020. Goodman spent more than years running divisions of global multi-media organizations, overseeing revenue, marketing, content creation, production, product/technology, distribution and oversight of some of the world’s most recognizable brands and properties. Most recently he served as Executive Vice President, Marketing and Digital Development at Sotheby's.Under his leadership…
New Medical Advisory Service for Ships
A new medical advisory service has been launched to deliver health care services to seafarers, passengers and onsite guests in the maritime industry.OCL Oceanic Catering Ltd, Marine Medical Solutions GmbH and Tritan Software Corporation, in collaboration with Allianz Care, have teamed up to offer SeaMed24, a comprehensive medical advisory service for all types of vessels, from merchant to offshore, leisure and niche expedition cruises.“SeaMed24 has been developed to provide a…
Braemar Shipping Services Names Gundy CEO
Shipbroking, financial advisory and logistics services provider Braemar Shipping Services said Wednesday it has appointed James Gundy as group CEO, effective January 1.Gundy has been the CEO of Braemar’s Shipbroking Division, the group’s largest operation, since joining the company in 2014 following the merger with ACM Shipping Group. He has been a shipbroker for 35 years specializing in tankers and sale and purchase projects. He was the CEO of ACM before the merger with Braemar.Gundy will continue to lead the shipbroking division and remain fully operational in that role…
Tech File: KENC Debuts Automatic Boat Landing System
KENC Engineering revealed two new automatic boat landing systems (ABLS) designed to provide safe transfer between a CTV and large vessels, available in two configurations.The product launch is a follow-up on a delivery last year when KENC designed, fabricated and delivered a 13m boat landing system for Van Oord. Eric Buining, managing director at KENC: “The main advantage of KENC’s ABLS is that there is no crane handling needed to deploy and retrieve the boat landing system. This…
China October Iron Ore Imports Dip
China’s iron ore imports slipped 1.7% in October from a month earlier, but still hovered well above 100 million tonnes, official customs data showed on Saturday, propped up by firm demand at Chinese mills and shipments from major miners.The world’s top iron ore consumer imported 106.74 million tonnes of the steelmaking ingredient in October, 14.9% more than in October 2019, but still below the 108.55 million tonnes brought in during September, according to data from the General Administration of Customs.For the first 10 months of 2020…
Bunker Demand Returns to Pre-pandemic Levels
Asian refiners' profit from producing very low sulphur fuel oil (VLSFO) climbed to six-month highs this week as output cuts keep supplies tight while demand for the shipping fuel at most ports are back at pre-pandemic levels, traders and analysts said.The trend is likely to stay for the rest of the year, encouraging Asian refiners to prioritize VLSFO production along with petrochemical feedstock naphtha, where demand has also firmed.The front-month VLSFO crack was at $9.43 per barrel above Dubai crude on Tuesday, its highest since April 10.
ONE to Launch New Europe-West Africa Service
Singapore-based container line Ocean Network Express (ONE) is to launch a new weekly Europe - West Africa Service (EWX) commencing in February 2021.ONE said the port rotation is subject to change, but is currently planned as follows: Hamburg – Rotterdam – Antwerp – Le Havre – Algeciras – Tangier – Dakar – Tema – Abidjan – Hamburg.By calling at Algeciras and Tangier ports, ONE will provide transhipment connections linking West Africa from areas such as the Mediterranean, North America and Asia.
Oil Tanker Transits Through the Suez Canal Drop 27% YOY -BIMCO
The number of oil tankers passing through the Suez Canal in October has declined sharply, down 27% for the month year-on-year amid persisting subdued demand for oil transport since the April crash in oil prices that fueled high demand for oil tankers, according to shipping association BIMCO.A total of 3,708 oil tankers passed through this key chokepoint for global shipping between January 1 and October 31, representing 76 less oil tanker transits (or a 2% decline) compared to the same period last year, BIMCO says.
Norwegian Shipyard Downsizes, Flips Focus to Repair and Service
One Norwegian shipyard has opted to focus on ship repair and service versus newbuild -- and downsize too -- to ride out COVID-19 and its impact on the world economy.New Havyard Ship Technology announced that it will restructure its operations into a repair and service yard and reduce the number of staff, as employees were informed today at the yard in Leirvik."The strategy of becoming a service and repair yard is absolutely necessary to keep as many jobs as possible," said Gunnar Larsen, CEO, Havyard Group.
Sivandran Named Managing Director of BMT Asia
Suba Sivandran has been appointed the new Head of Asia for BMT based in Singapore, a move that coincides with the organization’s growth initiative in the region launched this month. He will oversee all commercial operations with a focus on driving new business into more complex, emerging markets including defense, offshore renewable energy and marine infrastructure engineering and advisory offerings.With more than a decade of consulting experience throughout Europe and the APAC region…
Maintenance Projects to Begin at Port Everglades
The U.S. Army Corps of Engineers will soon begin work on two important maintenance projects at Port Everglades in Fort Lauderdale, Fla. Port officials say they do not foresee any interruption of services during the construction. The South Jetty, located at the north end of Dr. Von D. Mizell-Eula Johnson State Park, will be restored to its original profile and cross section. A notice to proceed was issued to the contractor in October 2020. The work is expected to begin in February 2021 and the anticipated completion date is September 2021.
Traders Scout for Tankers to Store Diesel as Virus Spreads
Oil traders are scouting for newly built supertankers to store diesel for the next few months as they brace for lower demand in Europe amid renewed restrictions aimed at battling the COVID-19 pandemic, shipping and trade sources said.Trading companies, including oil majors, are making enquiries to charter very large crude carriers (VLCC) to carry diesel with 10 parts-per-million (ppm) sulphur for up to six months, they said, indicating that diesel floating storage could rise again.Several such supertankers…
Cargill Looks to Use Wind to Cut Carbon in Shipping
Cargill, one of the world's biggest charterers of ships, is working with technology partners to fit sails on vessels in its fleet to cut carbon emissions through harnessing wind power, the U.S. agribusiness group said on Wednesday.About 90% of world trade is transported by sea and the International Maritime Organization (IMO) has said it aims to reduce overall greenhouse gas emissions from ships by 50% from 2008 levels by 2050.Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.9% of the world’s CO2…
BIMCO: "Soya bean bonanza," U.S. Exports Strongest in History
Following years of disruption to US soya bean exports due to the US-China trade war, the first seven weeks of the 2020/2021 marketing year, which runs from 1 September to 31 August, have seen the strongest exports ever. By October 15, 11.4 million tons of soya beans had been exported by the US, an 85.3% jump from the first seven weeks in the previous marketing year. It is also 19.4% above the previous record in the 2017/2018 marketing year in which 9.6 million tons of soya beans were exported in the same period.Average weekly exports so far this year stand at 1.6 million tons…
Tech to Fight Container Fires
Fire safety has become a major concern in the container shipping industry, in particular, with vessels of 20,000-TEU and more entering the market. A fire in just one container can have catastrophic implications for the whole of the cargo. The very nature of container shipping means that the cargoes are in general finished goods of high value. Insurer Allianz gives the example of a March 2018 fire onboard the Maersk Honam southeast of Oman. At the time the ship was carrying 7,860 containers, corresponding to 12,416 TEU.
FMC Grants Temporary Relief Requested by CMA CGM
The U.S. Federal Maritime Commission voted to grant the temporary relief sought by CMA CGM from certain service contract and tariff filing requirements following last month's cyber attack affecting the carrier's servers.Earlier this month, the French shipping company sought relief from Commission regulations as part of its efforts to respond to a malicious cyberattack it experienced in September.The Commission said Wednesday it granted the request for exemption from relevant service contract filing requirements and relevant tariff publishing requirements.
Zim Opens Direct Shipping Line to UAE
Israeli shipping firm Zim said on Wednesday it would start to offer direct service to Jebel Ali port in the United Arab Emirates (UAE).With its new line, Zim joins a number of international rivals—including MSC, Maersk—to announce they would offer a connection between Israel and the UAE since the countries agreed to normalize relations.Zim said its line will take cargo from Jebel Ali to Israel's Mediterranean Haifa port and, in the other direction, offer service from Israel and the eastern Mediterranean to the UAE.Zim is 32% owned by Kenon Holdings .Rani Ben Yehuda, a Zim executive vice presid
Bandwidth Efficiency will Drive Maritime Digitalization
Gregory Darling and Applied Satellite Technology (AST) works with shipowners to help them use their bandwidth more efficiently for ship business and crew needs.When Gregory Darling, Group MD, AST, worked in the marine industry in the 1980s with a marine survey company, he needed to get word to one of his ships off of West Africa to recalibrate its course and head off to a new job. But the ship had left port, and radio calls to the ship went unanswered, resulting in two days of lost time and revenue.“That was frustrating and costly…
Fairbanks Morse Names McFadyen VP and GM of Aftermarket
Power solutions provider Fairbanks Morse said it has named James "Jay" McFadyen as Vice President and General Manager of Aftermarket.McFadyen has more than 30 years of experience in the marine, defense and aerospace industries with leading global companies including Rolls-Royce, GE, and most recently as Vice President for Leonardo DRS-Naval Power Systems. Recognized as an innovator, McFadyen twice won GE’s award for Engineering Accomplishment of the Year and formed the first business unit at Rolls-Royce to be recognized as an Innovation Center of Excellence.
Alibaba Group and Zim Partner on Sea Freight
Alibaba Group Holdings and Israeli shipping group Zim have entered a strategic cooperation agreement for the direct purchase of sea freight, which will improve logistic services to merchants selling on Alibaba, Zim said on Monday.Zim said it will provide sea freight and services through a direct interface with the e-commerce giant’s logistics platform.The companies have been cooperating since earlier this year, the shipper said in a statement.Zim is 32% owned by Kenon Holdings.(Reporting by Ari Rabinovitch; Editing by Tova Cohen)
Baltic Index Posts Worst Week in Three Months
The Baltic Exchange's main sea freight index that tracks rates for ships carrying dry bulk commodities fell on Friday, registering its worst week in nearly three months, weighed down by weaker demand across vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 84 points, or 5.4%, at 1,477 points.The index, which fell for an eighth straight session, has lost more than 20% this week.The capesize index slipped 215 points, or 8.2%, to 2,406 points.Average daily earnings for capesizes, which typically transport 150,000-ton
CMA CGM Resumes Online Services After Cyber Attack
CMA CGM, the world’s fourth-largest container shipping group, said it has restored its online business services after a cyber attack last month paralyzed activity.France-based CMA CGM first reported the incident on September 28, saying it had shut down access to its online services after malware targeted its peripheral servers.“The CMA CGM Group’s e-commerce sites are once again live with all their main functionalities up and running,” the company said in a statement on Sunday. “Applications and essential functionalities are now operational and secured.”In a separate incident, U.N.
FMC Considering CMA CGM Petition Following Cyber Attack
The U.S. Federal Maritime Commission (FMC) said it is considering a petition filed by French container shipping group CMA CGM requesting temporary exemption from certain filing requirements following last month's cyber attack affecting the carrier's servers.In its petition, CMA CGM and affiliated companies seek an exemption from certain tariff publications and service contract filings that were impacted by the recent cyber attack, FMC said, adding it will accept public comments on the request through October 15.CMA CGM…
Nielsen Named Managing Director of V.Ships Germany
Ship management company V.Group has appointed Ulla Eithz Nielsen as Managing Director for V.Ships Germany.Based in Hamburg, Nielsen joined V.Group in 2019 and previously held the role of Chief Operating Officer of Operational Excellence.Nielsen began her maritime career as a deck officer with A.P Møller and has experience in operational transformation as well as dry bulk and container vessel expertise gained with A.P Møller, Maersk Line, NORDEN and Norient Product Pool.Franck Kayser…
Frontline CEO Macleod Steps Down
Oil tanker company Frontline said Wednesday its CEO Robert Hvide Macleod had decided step down from his position. The oil and gas shipping firm said its board had appointed Lars H. Barstad, Frontline's commercial director, to take the role as interim chief executive officer of Frontline Management AS."With his solid background within the industry and his profound understanding of the company and its organization the board is confident that this new appointment will ensure a successful and seamless transition of the role…
Port of Virginia Cycling In New Chassis Fleet
The Port of Virginia’s continual investment in new equipment is helping to build one of the youngest chassis fleets in the U.S., with the average age of chassis in the port’s pool being 3.5 years old.Experts in the field estimate the average age of an intermodal chassis to be 15-years to 20-plus-years-old. But with a continual cycle of adding new units and retiring old ones, the port is ensuring a young, safe, road-worthy chassis fleet for the motor carriers servicing the port.In fiscal year 2020 (July 1…
How the Major Dry Bulk Commodities Drive the Freight Market into Q4
The world is in the midst of the second coronavirus wave and with that comes the natural question of how the current dynamics will play out for the dry bulk shipping market. Demand and the subsequent cargo flow of the major dry bulk commodities are critical for the freight market, as we enter the final quarter of the year.Iron ore…has without question performed well this year, on occasion even better than gold, driven by the robust demand generated by China, as the world’s leading iron ore consumer.
CMA CGM Suspects Data Breach from Cyber Attack
CMA CGM suspects a cyber attack affecting its servers led to a data breach, the global shipping line said on Wednesday as it continued to restore online services."We suspect a data breach and are doing everything possible to assess its potential volume and nature," it said in a statement.CMA CGM, the world's fourth-largest container shipping company, first reported the incident on Monday, saying it had shut down access to its online services after malware targeted its peripheral servers.The group's e-business website remained unavailable, with customers directed to alternative channels, but ba
US Imports Surge as Pandemic Worries Have Retailers Stockpiling
The Los Angeles-based maker of Exploding Kittens and Throw Throw Burrito board games ordered 1 million extra units from its factory in China with the hope of preventing coronavirus from ruining its Christmas sales.The move from the company, which sells product through Target, Walmart and Amazon.com, comes as U.S. suppliers and retailers have been rebuilding depleted inventories and battling uncertainty by stockpiling pandemic sellers such as toys, refrigerators, home furnishings and booze.In the last few months…
Cruising Pause Has Major Impact on Florida's Economy
The cruise industry has certainly been among businesses hardest hit by the economic impacts of COVID-19. But the industry-rocking fallout extends well beyond the cruise lines themselves, extending through cities throughout Florida where canceled sailings are resulting in loss of revenue to public ports, government at all levels, and private companies that do business with cruise lines.These conclusions are contained in the latest Fact Finding 30 report that was released today by Fact Finding Officer Commissioner Louis E. Sola, of the Federal Maritime Commission.
Bunge Partners with Brazilian Agriculture Trading Platform Orbia
Global commodities trader Bunge Ltd said on Tuesday it was partnering with Brazil's Orbia, an online platform for forward selling agricultural products and trading farming supplies.Financial and partnership details were not disclosed.Orbia's platform has 170,000 users, who represent 70% of the planted area in Brazil, Bunge said.(Reporting by Roberto Samora; Additional reporting by Sabrina Valle; Editing by Richard Chang)
China Outlines Policy for New Storage Bases for Energy, Agri Imports
China is directing authorities in East China’s Zhejiang province to start planning to build stockpiling bases for energy and agricultural products, part of a push to develop regional free-trade zones (FTZs), a government document said on Monday.The directives call for looking at building above-ground and underground facilities to stockpile oil, gas and chemicals in FTZs that encompass 120 square km (46 square miles), including in parts of provincial cities Ningbo, Hangzhou and Jinyi.“(The government will) support experiments to build oil and gas reserves, to undertake greater tasks of governme
DP World to Partner with Israeli Firm in Bid for Haifa Port
Dubai's DP World is partnering with an Israeli group to bid for one of Israel's two main ports and to examine opening a direct shipping line between the two Middle East states, it said on Wednesday.The announcement came a day after Israel and the United Arab Emirates signed an historic agreement to normalize ties, and marks a big development in trade and economic collaboration.Dubai state-owned DP World, which operates ports from Hong Kong to Buenos Aires, signed a series of agreements with Israel's DoverTower including a joint bid in the privatization of Haifa Port on the Mediterranean…
Offshore Oil Wells, Ports Shut as Hurricane Sally Advances on U.S. Gulf
Energy companies, ports and refiners raced on Monday to shut down as Hurricane Sally grew stronger while lumbering toward the central U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month.The hurricane is disrupting oil imports and exports as the nation's sole offshore terminal, the Louisiana Offshore Oil Port (LOOP), stopped loading tanker ships on Sunday, while the port of New Orleans closed on Monday.The U.S. government said 21%…
Tidewater Hires Sperling as COO
Vancouver, Wash. based Tidewater Transportation and Terminals announced Friday it has hired Johan Sperling as its new Vice President and Chief Operating Officer.Sperling will have direct oversight and responsibility for the maintenance and engineering department, vessel operations, dispatch and terminal operations. Additionally, he will work closely with Tidewater Environmental Services and Tidewater’s Canadian entity, Island Tug and Barge, to support their efforts for safe and reliable operations.
Second Wave of Floating Storage Triggered by Ailing Oil Market
A stalled global economic recovery from the coronavirus pandemic is leading to a fresh build-up of global oil supplies, pushing traders including Trafigura to book tankers to store millions of barrels of crude oil and refined fuels at sea again.The use of so-called floating storage onboard tankers comes as traditional onshore storage remains close to capacity as supplies outpace demand.Trading house Trafigura has chartered at least five of the largest tankers each capable of storing 2 million barrels of oil…
US Preparing Tighter Oil Sanctions on Venezuela
The Trump administration is looking to tighten oil sanctions on Venezuela in the near future, top U.S. envoy for the country told Reuters on Monday, by potentially removing exemptions that allow some oil companies to exchange Venezuelan crude for fuel from the OPEC member.U.S. President Donald Trump has ramped up sanctions on Venezuela's state-run PDVSA, its key foreign partners and customers since it first imposed measures against the company in early 2019, seeking to oust the…
Chinese Buyers Snap up Indian Steel in Face of Trade Tensions
India's steel exports more than doubled between April and July to hit their highest level in at least six years, boosted by a surge of Chinese buying in defiance of tensions between Beijing and New Delhi.Traders said reduced prices had driven the purchases as Indian sellers sought to get rid of a surplus generated by the impact of COVID-19 on domestic demand and generate much-needed income.It was unclear whether the sales broke any trade rules, but the China Iron and Steel Association…
Shipping Community Beware; Sanctions Scrutiny is Stepping up a Gear
Earlier this year, The U.S. Department of State, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the U.S. Coast Guard issued a new advisory to provide those engaged or involved in trade in the maritime industry with further information and tools to counter illicit shipping and sanctions evasion.The advisory is representative of the U.S. Government’s increasingly detailed efforts towards addressing these issues, as illustrated by OFAC’s recent sanctions actions which show a trend of incremental but clear extension of oversight.
US Energy Exports Severely Disrupted by Hurricane Laura
Oil and gas exports from the United States have been severely disrupted by Hurricane Laura, with nearly a million barrels per day (bpd) of crude exports likely reduced this week by closures of U.S. Gulf Coast terminals and disruptions at ports.The hurricane also temporarily suspended operations at several liquefied natural gas (LNG) facilities in the world’s third largest exporter of the super-cooled gas, with shipments on track to fall to their lowest in 18 months.Laura made landfall early Thursday near the Texas-Louisiana border…
Smart Management is Needed as Wave of Digitalization Transforms Maritime
As the shipping industry undergoes major transformation, with operations becomingly increasingly automated, maritime companies need to consider more than just efficiency and safety when it comes to operations. The current global situation has resulted in a growing demand for crew communication, for both work and social purposes, alongside the ongoing need for optimization. All of this causes higher levels of traffic on maritime networks, forcing shipping operators to place an…
Silva Tapped to Lead Corpower Ocean Portuguese Ops
CorPower Ocean, designer of wave energy systems, appointed Miguel Silva as head of its Portuguese operation.The news comes shortly after CorPower revealed plans for a new $18.1m R&D, Manufacturing and Service Center in Viana do Castelo, Portugal, becoming a focus for the firm’s pioneering HiWave-5 Project with a showcase pilot wave farm planned in Aguçadoura.Silva will oversee CorPower’s activities in Portugal, including composite hull development, manufacturing and assembly of WECs (Wave Energy Converters) as well as operations to install and maintain wave arrays offshore.
Samskip Reinstates Amsterdam-Hull Service
Multimodal transport operator Samskip said it is reintroducing direct links between Amsterdam and Hull in response to recovering North Continent-UK unitized traffic, in a service renewal that reinforces containerized short sea options ahead of finalized Brexit trade negotiations.Starting from September 5, the three-times weekly service will depart from the TMA Terminal Amsterdam and connect into Associated British Ports’ terminal at Queen Elizabeth Dock, Hull, once more augmenting Samskip’s regular and separate Rotterdam-UK routing.The Amsterdam-Hull link was suspended in March…
Two Firsts for Liebherr Maritime Cranes
In May this year the LHM 420 was delivered to Euroamérica S.A. in Campana, Argentina, fully disassembled and due for handover in June 2020. A number of mobile harbor cranes are already in operation in Argentina and serviced by the experienced local engineers from Liebherr Argentina S.A. However, this was a first for them too: the complete assembly of an LHM 420.Due to the current pandemic situation worldwide, the engineer from the head office, Liebherr-MCCtec Rostock GmbH in Germany…
Uncertainty Weighs on Tanker Markets -MSI
Increasing port delays in Asia, U.S. and Europe will provide only limited support and MSI predicts rates will fall further in Q3.After three months of OPEC+ production cuts, tanker markets are feeling the pressure with both crude and products sector earnings moving lower in July according to Maritime Strategies International.Back in May MSI forecast quarterly average Aframax one year time charter rates to fall from $32,400/day to $21,600/day at a time when spot markets were seeing record levels.
Bureau Veritas Expands Marine and Offshore Services in N. America
Testing, inspection and verification services firm Bureau Veritas (BV) said it has taken a number of steps to broaden and deepen its marine and offshore services in North America.The opening of a new remote survey center in Miami is the latest step in the delivery of digital services across the Bureau Veritas network, providing yet further global coverage for remote surveys.Florida-based Tropical Shipping’s fleet has now benefited from remote survey services on three of its vessels sailing in the Caribbean trades.
Synergy, Norden Launch Tanker JV
Synergy Group and D.S. Norden have formed a new 50/50 joint venture to handle the technical management of Norden’s owned tanker vessels. Norden Synergy Ship Management (NSSM) will be headed by Henrik Christensen who previously managed Norden’s Technical Department.“We see great alignment when we have partnered previously and we expect that to lead to more mutual wins in the future through NSSM,” said Captain Rajesh Unni, CEO & Founder of Synergy Group.The formation of NSSM further cements the partnership between Synergy Group…
Stored Crude, Condensate Could be Shipped from Shuttered Libyan Ports
A limited reopening of Libyan oil terminals could allow the export of some crude oil and condensate stored at Es Sider, Brega, Zueitina and Hariga, but leaves a months-long blockade of the ports in place, oil engineers say.East Libyan authorities said on Wednesday they would permit exports of the stored products in an effort to ease an electricity supply crisis that has resulted in increasingly lengthy power cuts.The ports have been blockaded since January by east Libyan factions as part a wider conflict…