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…
Plaquemines Port to Build Mississippi River Container Terminal
Plaquemines Port Harbor and Terminal District (PPHTD) said it has signed a letter of intent (LOI) with several potential partners to development a multi-modal container terminal on the Mississippi River in Plaquemines Parish, La.The signing of the LOI kicks off a six-month due diligence period during which the parties will conduct multiple studies prior to making a final investment decision (FID).The proposed container terminal would encompass up to 1,000 acres and 8,200 feet of Mississippi River frontage just 50 miles from the Gulf of Mexico.
China Ramps up US Oil Purchases Ahead of Trade Deal Review
U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said, as the world’s top economies gear up to review a January deal after a prolonged trade war.Chinese state-owned oil firms have tentatively booked tankers to carry at least 20 million barrels of U.S. crude for August and September, the people said, moves that may ease U.S. concerns that China’s purchases are trending well short of purchase commitments under the Phase 1 of the trade deal.China had emerged as a top U.S.
Matson Promotes Jarek to VP of Fleet Operations
U.S. based ocean carrier Matson announced it has promoted Tracy Jarek to the position of vice president, fleet operations.Jarek joined Matson in 2001 and over 19 years earned multiple promotions to key positions including manager, fleet operations; manager, Hawaii container operations; and director, equipment, vehicle, and reefer operations.Jarek will oversee Matson’s 23-vessel fleet deployment throughout the Pacific, including the coordination of vessel schedules with our terminal operations…
COVID-19 to Weigh on US Seaport Peak Shipping Season
Imports at major U.S. container seaports could hit their lowest level in four years as the novel coronavirus pandemic pummels a U.S. economy that was already grappling with negative effects of the U.S.-China trade war, experts said.Total container imports could fall 9.4% in 2020, according to the National Retail Federation (NRF) and Hackett Associates' Global Port Tracker report.That reflects pain in the U.S. retail sector, which is smarting from government-mandated store closures…
Seaboard Marine Launches New Savannah-Colombia Service
Seaboard Marine announced a new direct service connecting Colombia with Savannah, Ga.
Ecochlor Expands Service Support Network in Singapore
U.S.-based ballast water management system (BWMS) manufacturer Ecochlor announced it has opened a service support center in the world's top shipping hub. Michael Madely, VP of Global Service at Ecochlor, said the new Singapore location is the first of many planned for Ecochlor’s spare parts support network outside the United States.“Having an inventory of spare parts located in Singapore will provide a faster response time to all vessels in Asia with our system on board. Our goal is to have parts located in the three main time zones – Asia…
Socha Joins Conrad Shipyard’s Senior Management Team
Conrad Shipyard announced it has hired Robert A. Socha to lead the company’s sales and marketing efforts as vice president of sales and marketing. He will work collaboratively with other Conrad business groups, including business development, engineering and product development, contracts, estimating and operations.Socha has served in numerous roles of increasing responsibility with various companies in the offshore and inland marine transportation, shipbuilding, oil and gas exploration, and offshore engineering/construction industries.
World of Ports V2.0 Released by Inchcape
Having redeveloped its World of Ports portal from the ground up over the last 18 months, Inchcape Shipping Services has rolled out the first release of Version 2.0 focusing on Port Data and ship-to-berth compatibility. VP of Sales & Product Development Jeff Clark says this and an abundance of new features in upcoming releases will provide customers with an unmatched level of market intelligence and transparency.World of Ports was launched in 2007 and has been available online since 2010.
Newport Shipping Names Loges Managing Director for Germany
Newport Shipping said Ingmar Loges has joined the company as Managing Director, Germany, supportSing U.K.-based drydocking services firm in group financial strategy and marketing strategy for the German market.Loges comes with more than 30 years of industry experience in domestic and international marketplaces. His previous roles included Global Head of Ship and Offshore Finance for the last 15 years in financial institutions DVB BANK SE Amsterdam, HSH Nordbank AG Hamburg, UniCredit…
GAC Grows Its Coverage in Sweden
GAC Sweden announced it has taken over the ship agency activities of Mälargent AB. The move, which comes one year after taking over the same services of SwedAgency AB, boosts the shipping and logistics firm’s operational presence in and around the Mälardalen region, Västerås and Köping.The transfer of operations unites Mälaragent’s agency specialists with the GAC Sweden team, to ensure a seamless transition and no disruption of service to local clients, GAC said.Johan Ehn, GAC Sweden’s Managing Director…
BMT Names de Bruin Managing Director for Europe
BMT announced Dennis de Bruin has been appointed Managing Director for BMT’s Commercial Shipping Europe business, with immediate effect.A BMT employee since 2004, de Bruin has more than 20 years of experience in the maritime industry. He has served for the last seven years as Marine Director for BMT's nautical and cargo department of the Rotterdam office.He will succeed Jeroen de Haas as Managing Director of our European offices in the Netherlands, Belgium and Switzerland, who has been at the helm of Commercial Shipping Europe since 2001…
Understanding Marine Autonomy: Today’s Market and Future Concerns
Press coverage of early commercial marine autonomy projects is remarkably broad given the small number of marine industry professionals engaged in bringing these projects to market. The much larger assembly of industry stakeholders are left wondering what marine autonomy means for them. Regulatory, cost, and technical challenges stand in the way of fielding today’s autonomy technologies for most existing fleets and vessel missions. Autonomy is coming whether you’re prepared or not.
Jones Act Does Not Raise Cost of Living in Hawaii -Study
The Jones Act has no significant impact on the cost of living in Hawaii, according to a recent report produced by economists from Boston based Reeve & Associates (Reeve) and Hawaii based TZ Economics.“The Impact of the Jones Act on Hawaii” also found that freight rates in the U.S. mainland-Hawaii trade lane have declined in real terms over the last 10 years, while the Jones Act has delivered positive and substantial economic contributions, including job creation, new infrastructure investments…
Shipping's Switch to Cleaner Fuel Has Been Smooth Sailing -ING Bank
Seven months after the United Nations' shipping agency brought in hotly anticipated new rules to curb emissions, the raft of technical issues and leap in fuel prices that were expected to result have failed to materialize, ING Bank said on Tuesday.Global shipping and oil firms had flagged major concerns over potential disruptions from International Maritime Organization (IMO) rules implemented at the start of 2020, which capped marine fuels' sulphur content at 0.5% against 3.5% previously.However, shipping and marine fuel suppliers say expected technical issues, such as damage to engines from
Marine Scrubbers: Yara Marine Plots the Path Forward, Post-COVID-19
Yara Marine Technologies COO Ina Reksten and Research and Development Manager Shyam Bahadur Thapa reflect on the effects of the coronavirus crisis and share their vision for a future beyond the pandemic.2020 will go down in history as the year that changed everything for many industries, not least the marine exhaust gas cleaning segment. “The coronavirus turned our world upside down virtually overnight,” confirms Ina Reksten, Yara Marine Technologies COO. Driven by the impending IMO 2020 sulfur cap…
US Great Lakes Ports See Mixed Impacts from COVID-19
U.S. Great Lakes ports reported mixed results in June with aluminum, road salt and grain shipments holding strong despite the coronavirus pandemic, while shipments of commodities related to steel production and manufacturing have continued to slide.Additionally, the St. Lawrence Seaway reported that from April 1 to June 30, nearly 11.7 million metric tons of cargo was shipped via the bi-national trade corridor. While these volumes were down 8% compared to the same time period in 2019, cargo shipments improved in June narrowing the year-over-year decline.Craig H.
Cryopeak Inks Deal with Island Tug & Barge for LNG Bunkering
Cryopeak LNG Solutions Corporation said Wednesday it has signed a Memorandum of Understanding with marine bulk fuels transporter Island Tug & Barge Ltd. (ITB) to deliver liquefied natural gas (LNG) bunkering services in Southwest British Columbia, Canada.Cryopeak and ITB have developed a design for a 4,000-cubic-meter articulated tug and barge (ATB) which is planned to be in operation in 2023. A key feature of this solution is that it will leverage one of ITB's tugs designed and…
Phillips Joins WQIS as Senior Underwriter
The Water Quality Insurance Syndicate (WQIS) appointed John P. Phillips as Senior Underwriter based in Houston, TX. Phillips will report to Justin A. Mongello in New York, NY."We are very excited to have John join the WQIS team as he brings a wealth of experience, expertise, and first-hand knowledge of WQIS' customers and our broker partners. For certain a great addition to our team," said Justin.Phillips was most recently Head of Marine Programs at Aspen Insurance U.S.-based in Houston, in charge of the development and management of all Specialty Marine Programs throughout the Americas.
Monjasa Expands Bunkering Capacity in Houston
Marine fuels supplier Monjasa says it is further developing its services in America’s top bunkering hub.The Houston Greater Area welcomes 1,375 vessel arrivals monthly and sees marine fuels demand of an estimated 4.5-5 million metric tons yearly. To further cater for an increasing demand, Monjasa now extends local supply capacity and product loading options.The company said it will add an additional barge on time charter as of July 2020. This improved operation can now accommodate around 60 deliveries and supply 40…
Singapore Retains Its Place as World's Top Shipping Hub
Singapore has maintained its position as the world's top shipping hub for the seventh year straight, according to a report published by the Baltic Exchange and Chinese state news agency Xinhua.The Xinhua-Baltic International Shipping Center Development (ISCD) Index, now in its seventh edition, assesses factors including port throughput and infrastructure; depth and breadth of professional maritime support services; as well as the general business environment in its attempt to…
COMSAT Bolsters Inmarsat Network
Satellite connectivity solutions provider COMSAT said it is extending the life of Inmarsat’s existing satellites through the leasing of an additional antenna at COMSAT’s Santa Paula, Calif. Teleport. The newly leased 12.8m antenna is transmitting and receiving in both C-band and L-band frequencies, bolstering capacity for the Tracking, Telemetry and Command (TT&C) and traffic operations of the Inmarsat satellite network. The Santa Paula teleport hosts Inmarsat’s Standard C equipment…
Seaboard CEO Bresky Passes Away
Seaboard Corporation announced Monday that its president, CEO and chairman of the board Steven J. Bresky passed away suddenly. The group said its board of directors expects to name Bresky's successor in the near future.Steve was the third generation Bresky to lead Seaboard in its 102-year history, following in the footsteps of his father H. Harry Bresky and grandfather and company founder Otto Bresky. He had been president, CEO and chairman of the board since 2006. Among the agribusiness conglomerate's group of companies is Seaboard Marine…
SlipSki Boating Announces Lifetime Warranty, New Model
SlipSki Boating Solutions, LLC, an innovator in retractable covers for boats and personal watercraft, has announced a lifetime warranty on all its boat slip cover frames and a new non-retractable option that utilizes gull-wing doors for boat access rather than sliding open like its traditional models. Unlike most of its competitors that use thin, tubular sectional pieces of aluminum or even weaker materials for their frames, SlipSki boat slip cover frames are made from single…