Dutch Royal Couple Visits MV WERFTEN
Their Majesties King Willem-Alexander and Queen Máxima of the Netherlands called at MV WERFTEN’s Rostock facility in the course of their working visit to Mecklenburg-Vorpommern. They were accompanied by the Dutch Infrastructure Minister Cora van Nieuwenhuizen and the Minister-President of Mecklenburg-Vorpommern Manuela Schwesig. The Dutch royal couple’s working visit serves to cultivate and further intensify relations between the two countries.Hundreds of shipyard employees lined up to give the royal visitors a warm welcome on their arrival at the shipyard.
CMA CGM Launches Pharma Cargo Service
French container transportation and shipping company CMA CGM has announced the launch of a Reefer Pharma division that will focus on the temperature-controlled transportation of pharmaceutical products."For more than 40 years, preserving the integrity of shipped goods has been a top priority for the CMA CGM Group, particularly in terms of sensitive products such as medicines that directly impact public health and patients’ quality of life," said a press release from the company.For organising and closely monitoring the shipping of this highly sensitive cargo…
Hamburg Süd Expands Service
The trade between Europe and Central America, Caribbean and South America West Coast has always been a key element in the container liner shipping line Hamburg Süd’s global network of liner services.In cooperation with Maersk, Hamburg Süd will be expanding and enhancing the services it offers on this core trade beginning in June 2019.“Combining the strengths of Hamburg Süd and Maersk, we can offer our customers a best in class stand-alone service configuration without having to depend on vessel sharing agreements with other shipping companies…
Maersk in Sale, Leaseback Pact with ICBC
Danish tanker shipping company Maersk Product Tankers has just entered a sale-and-leaseback agreement for four medium range (MR) vessels with the Chinese bank, Industrial and Commercial Bank of China (ICBC).The four ships were built in 2015 and 2016 and will be chartered back to Maersk Product Tankers on ten-year bareboat contracts. The company will retain options for the vessels and will still undertake the commercial and technical management for the vessels.“The agreement will increase financial flexibility and strengthen the financial position of Maersk Product Tankers…
Maersk Adds APM in Logistics Division
A.P. Moller - Maersk said it will integrate APM Terminals' Inland Services division into Maersk's Logistics and Services division beginning August, providing customers with seamless access to a wider range of logistics & services offerings."This is a next step for A.P. Moller - Maersk in the implementation of our strategy to offer end-to-end solutions to our customers," said a press release.The Inland Services portfolio is a network of inland terminals around the globe consisting of 36 business units with over 100 locations.
CMA CGM Launches Reefer Pharma Division
CMA CGM Group, a leader in shipping and logistics, has announced the launch of its new Reefer Pharma division, specially dedicated to temperature-controlled shipping of pharmaceutical products and boasting advanced expertise.A dedicated team of experts in close proximity to customersFor organizing and closely monitoring the shipping of this highly sensitive cargo, CMA CGM provides its customers with a dedicated team of experts who ensure 24/7 monitoring from the Group's head office in Marseilles…
Lim to Outline Future of Ocean Regs at Nor-Shipping
Kitack Lim, Secretary General of the International Maritime Organization (IMO), will be taking the stage at Nor-Shipping 2019’s Ocean Leadership Conference on June 4, to talk about the future of maritime regulations. Lim will join an elite group of global thought leaders at the Thon Hotel Arena Lillestrøm, adding to a program designed to deliver insights on issues ranging from cyber security, to economic strategy, sustainable development, geopolitical forces, future energy demands, and much more.Nor-Shipping has refined its traditional opening conference this year to create a new format.
Interview: Sebastiaan Bleuanus, Wärtsilä
The May 2019 edition of Maritime Reporter & Engineering News features a 10-page feature section on "Thought Leadership" in the marine power sector. Here we extract and present the interview with Sebastiaan Bleuanus, GM for research coordination and funding, Wärtsilä.Please put in perspective and discuss the current environment and pressure to reduce emissions in the maritime industry.The last 15 years have seen a shift in legislative focus in two main areas; a tightening of the…
Russia: Sovcomflot Posts Strong Q1 Profit
Russian maritime shipping company specializing in petroleum and LNG shipping, PAO Sovcomflot (SCF Group) has posted $70.1m in profit for the first quarter ended 31 March 2019.Sergey Frank, President and CEO of PAO Sovcomflot said: “Sovcomflot started 2019 with a strong Q1 performance, boosted by a return to profitability in our conventional crude and product tanker markets following an upswing in the first months of 2019. Profits from our crude fleet in particular increased 53…
Klaveness Combination Carriers to List in Oslo
Norway's Klaveness Combination Carriers (KCC) has raised 350 million Norwegian crowns in a private share placement, valuing the shipping firm at 2.27 billion crowns ($259.57 million) ahead of an Oslo stock market listing on May 22.Following the successful private placement, KCC has declared two options for the construction of the seventh and eight CLEANBU combination carrier with Jiangsu New Yangzi Shipbuilding Co., Ltd in China.The two newbuilds are scheduled for delivery in January and February 2021. Following the declaration, the KCC fleet will grow to 17 vessels within 1st quarter of 2021.
Schulte Launches VC Fund for Maritime
Germany’s Schulte Group has launched a venture capital unit - INNOPORT - to identify investment opportunities in the global maritime start-up eco-system.The INNOPORT team, based in Hamburg, Limassol and Singapore, is headed by Yiannis Sykas, Director of Strategy and Product Development at Bernhard Schulte Shipmanagement (BSM).INNOPORT will support high-potential early-stage maritime and logistics startups predominantly in Europe and Asia, with the flexibility to collaborate with startups from all geographic areas.“At INNOPORT, we want to build bridges and open doors wherever possible.
PIL Enhances Transpacific Services
The Singapore-based family-owned shipping company Pacific International Lines (PIL) announced that PIL will be enhancing our Transpacific service by offering direct services from Vietnam to the U.S West Coast, with effect from end April 2019.America China Service 5 (AC5) will be adding Haiphong as first port of call with effect from 30th April 2019.Full rotation of America China Service 5 (AC5): Haiphong - Nansha - Hong Kong - Yantian - Long Beach - Oakland - Yantian - HaiphongPIL also launched a new string…
Interview: Edmonds Brown, Cummins, Inc.
The May 2019 edition of Maritime Reporter & Engineering News features a eight-page feature section on "Thought Leadership" in the marine power sector. Here we extract and present the interview with Edmonds Brown, Cummins, Inc., Commercial Marine Segment Leader.Please put in perspective and discuss the current environment and pressure to reduce emissions in the maritime industry.When I started in the marine industry, my primary focus was working to achieve certification of Cummins’ marine engines for U.S.
Neo-Panamax Container Market Looks Better
Neo-Panamax container vessels experienced increased activity during the first quarter of 2019, compared to the fourth quarter of 2018, said Capital Product Partners.While charter rates for feeder and panamax vessels remained relatively flat due to, among other things, the overhang of idle tonnage, charter rates for Neo-panamax vessels, especially 8,000 TEU designs or larger, saw marked increases, with 12-month charters being contracted at average daily gross rates of approximately $24…
Tech File: Sea Skipper Fire & Salvage Pump
After working with the Royal Australian Navy for several years, a small Australian pump manufacturer – Sydney-based Australian Pump Industries – which works on both the naval and commercial side of marine, developed a high-pressure fire and salvage pump dubbed the Sea Skipper, designed specifically for seawater applications. While engaged in maintenance work on Australia’s FFG fleet, Aussie Pumps’ Chief Engineer, John Hales, saw workboats using commercial grade, agricultural style…
Wilhelmsen Reduces Plastic Usage Onboard
Wilhelmsen Ship Management (WSM), a global maritime industry group, headquartered in Lysaker, Norway, is taking measures to reduce plastic waste from its ships enforcing new criteria for its vendors in its selection process, as part of their commitment to make maritime trade sustainable."Vendors supplying spare parts, stores and consumables will be required to demonstrate that they have a viable plan to reduce plastic usage on the products delivered to us. This will apply to all existing and new vendors…
ShipMoney Crew Payment Solutions for Tsakos
Seafarers employed on Tsakos-owned vessels operated under its management arrangement with Columbia Shipmanagement will now be paid electronically as opposed to by ‘Cash-by-Master’, under an agreement signed with ShipMoney.The deal means crew members will have control and access to their wages while onboard ship, including the timing and currency of remittances sent home. It will reduce the need for large amounts of cash to be delivered to ships and eliminate the need for Tsakos to administer individual crew wire payments sent to home bank accounts.
U.S. seizes 'sanction buster' North Korean Ship
The United States has for the first time seized a North Korean cargo ship it accused of illicit coal shipments in violation of U.S. and United Nations sanctions, the U.S. Justice Department announced on Thursday.The ship, known as the "Wise Honest," was first detained by Indonesia in April 2018. Under an unusual U.S. civil forfeiture action, the vessel is now in the possession of the United States and is currently approaching U.S. territorial waters heading toward American Samoa, U.S.
APL Enhances Japan Thailand Vietnam Service
APL has announced that the Japan Thailand Vietnam (JTV) service is extending its port rotation to the Philippines and within South China. The refined service will be calling three additional ports in Manila, Shekou and Nansha as part of its service rotation.The enhanced JTV service is primed to facilitate direct shipments from the load ports in South China to the Philippines, promising a fast 3-day Shekou-Manila transit time. The weekly service will also provide direct access to Laem Chabang in Thailand from Manila.
New Savannah-Central America Route
The Port of Savannah welcomed its first Seaboard Marine vessel Wednesday. The new shipping line customer supports Savannah's cold chain logistics system with one new service to Central America, and a second to Latin America and the Caribbean.The ocean carrier's first service to Savannah links the Southeastern U.S. to northern Central America, with Georgia exports centered on frozen poultry and imports composed largely of perishables and apparel produced in Guatemala, El Salvador…
New Intermodal for Fresh Produce
A new dedicated perishables reefer train link between Spain and the Netherlands opened on Moday (May 06, 2019) and could save up to thousands of trucks trips a year.CoolRail, the new direct rail connection set up especially for fresh produce, will be transporting cargo between Valencia and Rotterdam three times a week.While transporting products to the Netherlands takes just as long via the temperature-controlled train as road haulage, trains are far more sustainable – with a CO2 reduction of 70 to 90% compared to trucks.CoolRail is an initiative of Euro Pool System…
Ocean Alliance Maiden call at Hamburg Port
The first container-ship in the new Asia service Loop 7 - the Taurus, 14.424 TEU, belonging to the Ocean Alliance - has berthed in the Port of Hamburg.Port of Hamburg said that this service is part of the new Day 3 Product, with which the Alliance consisting of CMA CGM, Cosco, Evergreen and OOCL is entering its third year.With DAY 3, the Ocean Alliance has 330 containerships in 38 services, increasing its transport capacity to 3.8 million TEU. With Loop 7, six out of seven Ocean…
Mjølner, MID-SHIP Partner for Product Solutions
Mjølner Shipping Holdings LLC and MID-SHIP Capital LLC has announced the expansion of their joint venture with the launch of their second fund, Mjølner Product Solutions LLC.Mjølner Shipping Holdings LLC (“Mjølner”) and MID-SHIP Capital LLC (“MID-SHIP”) has announced the successful closing of a product tanker-focused investment fund, Mjølner Product Solutions LLC (“Product Solutions”), a Marshall Islands company.Product Solutions was formed to provide investors with efficient…
Furuno USA Hires Toma
Furuno USA has hired a new commercial business development manager. Based in Houston, Texas, Mr. George Toma will play a key role in establishing and developing business relationships with commercial ship owners, operators, and builders around the country to promote the Furuno product line.Toma comes to Furuno with forty years of experience in the maritime industry. He has served on the Board of Directors for RTCM (Radio Technical Commission for Maritimes), and received the Outstanding Professional Achievement Award in 2013 from the U.S. Merchant Marine Academy Alumni Association.
Sea Machines Hires Black as Vice President
Sea Machines Robotics has announced that it has hired Don Black as vice president of sales and marketing, reporting to Founder and CEO Michael G. Johnson. Effective immediately, this new position gives Black responsibility for the company’s global sales of Sea Machines autonomous-command and remote-control products for commercial workboats. He also has special oversight for supporting the development of the company’s advanced perception and navigation assistance technology for commercial ships and vessels, currently being trialed aboard an A.P. Moller-Maersk container ship.
Ekmann Named CEO of Uni-Tankers
Tanker ship operator Uni-Tankers, part of the USTC group, has appointed Per Ekmann as its new CEO. “I’m both happy and proud to have the opportunity to lead the way forward at this important stage in the company’s history. Uni-Tankers is based on proud and strong values, and with the recent implemented changes, the foundation is in place to realise our strategy together with our skilled employees,” said Per Ekmann. In future, the Uni-Tankers Executive Board will comprise Per Ekmann, CEO, and Thomas Thomsen, CFO.
BUNKERS MANAGEMENT: Fifty Shades of Preparedness for IMO 2020
Get ready for unprecedented disruption as 2020 nears, says Alok Sharma, Senior Vice President at Inatech.When January 1, 2020, arrives and the global 0.5% sulfur cap comes into force, it will trigger the biggest and most sudden change the shipping industry has ever seen. Overnight, about 90% of global demand for bunker fuel must switch from HFO to low-sulfur alternatives and no one knows quite what will happen. The closest event in terms of seismic change was when the sulfur emission control areas (SECAs) came into effect in January 2015…
Rotterdam Port Intros Rotterdam Food Hub
The Port of Rotterdam has announced the establishment of the Rotterdam Food Hub, strengthening its position as Western Europe’s biggest transit port for agricultural, horticultural and fishery products.Part of this strategy is the establishment of the Rotterdam Food Hub at Calandkanaal, at the entrance to Maasvlakte. The 60-hectare industrial site is being prepared to offer optimal facilities for ‘agrofood’ sector companies.Land allocation discussions taking place with interested…
Zier Joins Crowley Offshore Services
Crowley Maritime Corp. has appointed Jonathan Zier manager of business development in Houston.Zier will assist customers globally with marine transportation projects such as sealifts and beach-landings, as well as offshore and coastal towing and installation of rigs, spars and other structures. He will also be responsible for providing solutions for alternative energy projects such as liquefied natural gas (LNG) terminals, offshore wind power generation, and other projects requiring offshore or coastal equipment and expertise.Zier will report to Johan Sperling…
Thygesen: Chairman of Maersk Supply Service
Henriette Thygesen has been appointed new Chairman of the Board of Directors of Maersk Supply Service as of 1 June 2019. Current Chairman of Maersk Supply Service and Vice CEO of A.P. Moller – Maersk Claus V. Hemmingsen will leave A.P. Moller – Maersk end June having concluded on the separation of the oil and oil related companies.Thygesen has been CEO of Svitzer since September 2016. She is a member of the A.P. Moller - Maersk Executive Leadership Team and has held leading roles across a number of A.P. Moller – Maersk business units over the last 25 years, including CEO of Damco Americas.
Zeaborn Acquires CPO Tankers
Zeaborn Group has signed an agreement to acquire 100 percent of the shares in Claus-Peter Offen Tankschiffreederei KG, the tanker management subsidiary of Offen Group.The transaction partners signed the relevant contracts on April 29. The completion of the transaction is subject to antitrust clearance. The parties have agreed to keep the key financial data confidential.With the takeover of CPO Tankers, Zeaborn stays on track concerning its strategy to further consolidate the shipping industry and expanding its services as an integrated and globally active shipping company.
Pure Safety Group's 'Checkmate' TR3 Tripod
Pure Safety Group (PSG), a company dedicated solely to fall protection, has introduced the Checkmate TR3 Tripod, used as Personal Protective Equipment to access workers and provide fall protection in confined space environments.The tripod features an innovative new crown and foot design that makes it stronger yet more lightweight than other tripods. The design is representative of the new advancements in height safety that are being created by the innovation team at Checkmate.The TR3 is one of 20 new fall protection products PSG is launching in 2019 into the construction…
Commissioner C.A. “Pete” Shelton Retires
After nearly three decades and over 400 board meetings, Commissioner C.A. “Pete” Shelton retired from the Port of Beaumont Board of Commissioners, attending his final board meeting on April 29, 2019.Commissioner Pete Shelton, who served as Beaumont’s fire chief for 20 years, was first appointed to the Port of Beaumont Board in 1989 as one of two at-large commissioners. A Beaumont native, Shelton joined the fire department in 1950 and was fire chief from 1976 until he retired in 1996.
Diesel Traders See Shortage, but not yet
Gasoil traders expect the middle distillates market to stay well supplied until almost the end of 2019 before swinging into deficit with the introduction of new maritime fuel regulations.Calendar spreads for low-sulphur gasoil delivered to Europe's Amsterdam-Rotterdam-Antwerp hub are currently in contango through until October before shifting to backwardation from November onwards (https://tmsnrt.rs/2WgXabR).In futures markets, contango structures, where future contract prices are higher than front-month prices, are associated with expectations of adequate or rising inventories.
WiseTech Global Acquires Xware
Global logistics software group, WiseTech Global has announced the acquisition of Xware, a messaging integration solutions provider in Sweden.Xware’s secure, interoperable messaging solution, xTrade, is designed to link organisations to their suppliers and partners, allowing them to safely share information across application to application, business to business, managed file transfers, business process management and IoT ̶ essential for real-time messaging, queued business flows and data integration.
Volatility Hits Tanker Market: Concordia
The tanker shipping market continued to be volatile during the first quarter of 2019, but at a higher level than in the corresponding quarter the previous year, said Concordia Maritime.After the sharp rise at the end of 2018, some tanker market segments have now slowed down again, said the international tanker shipping company. The main reason for this is the decision by OPEC and other major oil producers to cut production at the end of 2018 and start of 2019, this time by a total of about 1.2 million barrels of oil per day.In addition to the large output reduction…
IMO 2020: Total Plans NY Event
As the IMO 2020 Global Sulfur Cap draws nearer, confusion among shipowners remains. To help inform, experts from Total Lubmarine and Total Marine Fuels Global Solutions (TMFGS) are embarked on a global conference tour, with the next event coming soon to New York City on board the USS Intrepid, which now serves as a museum and a coveted event space.Following a series of successful events in Europe during March, Total Lubmarine and Total Marine Fuels Global Solutions (TMFGS) will be visiting industry professionals in the U.S.
HMM, FESCO Expand Cooperation
South Korean major Hyundai Merchant Marine (HMM) unveiled its plans to expand cooperation with Russian container line FESCO on their China Russia North Service (CRN).HMM has been jointly operating a China-Korea-Russia weekly service, under the name of ‘CRN’ with FESCO and CMA CGM.With the expansion of cooperation, the current CRN will be reorganized and two of new direct services connecting Korea and Russia, named 'KR2 (Korea Russia Service 2)' and 'KRS (Korea Russia Service)', will be introduced in the service network of HMM.HMM deploys one vessel (1,000 TEU) on the KR2 which directly connect
Johor Port, Petronas LNG Sign Services Pact
Johor Port Berhad has signed an agreement with Petronas LNG Ltd. to provide marine services for vessels that receive gassing up and cooling down (GUCD) services at PLL’s Regasification Terminal Pengerang.According to a press release from integrated multi-purpose port facility located at the southern tip of Peninsular Malaysia, the signing of the Marine Services Agreement by Johor Port Bhd and PPL enables the provisioning of marine services and attractive tariff for vessels that…
Wallenius, SOL Join Forces to Launch New Firm
Two Swedish shipping companies - Wallenius and Swedish Orient Line (SOL) - have formed a shipowning joint venture that will sail from ports in Sweden and Finland.The company has five ships so far and plans to order four LNG-powered newbuilds to operate ice-class vessels for the forestry product trades in the Gulf of Bothnia and Baltic Sea area.The new Nordic joint venture, named WALLENIUS SOL, is to strengthen the infrastructure for the needs of Finnish and Swedish industry.
QP Ships Naphtha to Thailand
Qatar Petroleum (QP), a state owned petroleum company of Qatar, said that it had concluded a 10-year sales agreement to supply Thailand's SCG Chemicals with a total of 3 million metric tons of light naphtha starting from this month.The agreement was made for and on behalf of the Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), Qatar Petroleum said in a press release.This long-term supply agreement is the first QPSPP naphtha feedstock sale to an end-user in Thailand…
PHOTECTOR Unveils Corporate Rebrand, Senior Hires
PHOTECTOR, previously known as PEIR, today announced a corporate rebrand and several new key senior hires.“We are excited about the corporate rebranding of PHOTECTOR, strategic actions that go far beyond a name change from PEIR,” said Tom Burke, CEO of TCompanies, parent company of PHOTECTOR. “These changes comprise a new brand identity that includes website and mobile app and user experience enhancements, as well as several key senior level new hires to move PHOTECTOR forward.
Eastland Port Posts Strong 2018
The commercial shipping port in New Zealand, Eastland Port achieved an annual tonnage throughput of just under 2.9 million tonnes of cargo in the year to March 2019, slightly down on last year’s record-breaking result.“The 12-month period was another very strong year for throughput at Eastland Port with vessels taking this district’s export product to South Korea, Japan, China, and Singapore,” says general manager Andrew Gaddum.In the year to 31 March 2019, 140 ships handled 2,956,071 tonnes of cargo at Eastland Port.
APM Intros GOH Service in India
The Indian Container Services Division of APM Terminals Inland Services said that its specialised service that allows clothing manufacturers to ship garments on hangers (GOH) helped cater to leading global apparel brands.APM Terminals Inland Services fabricates and modifies standard dry shipping containers, enabling them to conveniently carry coats, dresses, jackets and blazers and any other clothing necessary. As a result, for example, in a 20 feet container, approximately 5…
WheelHouse Names VP of Operations
As part of the continued growth of WheelHouse and his evolving role within the company, WheelHouse Technologies announces the promotion of Ian Morris to Vice President of Operations."Ian works tirelessly to exceed the expectations of our customers and is continuously tailoring our products and services to meet our customers requirements," said WheelHouse president Craig Parkhurst. "Ian started with WheelHouse over six years ago in a part time position and we are very pleased that his role has grown in tandem with the companies growth.""I'm pleased with the talent and commitment of our staff…
Volume Rises at Port of Rotterdam
Port of Rotterdam posted a record overall freight tonnage in the first quarter of 2019, up 5.1% on the same period last year, thanks to strong growth in container traffic.In total, 123.9 million tonnes were handled compared with 117.8 million tonnes in the same period in 2018."The increase mainly concerned the throughput of containers (+7.3% in TEU, +5.9% in tonnes) and fuels. Mineral oil products, iron ore and scrap throughput fell," said a press release from the largest port in Europe…
Ocean Infinity Names Paul Helmore as CCO
American seabed exploration company Ocean Infinity has announced the appointment of Paul Helmore as Chief Commercial Officer (CCO).Paul has spent his career to date in business development roles, and brings a track record of managing complex commercial situations and driving international growth. He joins Ocean Infinity from Schlumberger, where most recently he was Director Global Accounts, responsible for overseeing relationships with many of the company’s fastest growing, technology led…
Abadan Ports Exports Up 56% in 2018
Abadan, Arvandankar and Choabdeh ports experienced an increase of 56% in 2018, says Iran's Ports and Maritime Organization (PMO).Abadan ports and maritime management announced that the export of goods from the three ports of Abadan in the past year has shown a growing trend.According to the information system, the exports from these ports increased by 39.471 tons in the same period last year which shows a growth of 56.3% in exports, it said.Agricultural products, meat and meat products…
DP World, SMS Launch Boxbay
Global ports operator DP World and industrial engineering firm SMS Group announced "Boxbay", a new and 'smart' shipping container storage system that aims to change the way that containers are handled in ports.The patented design and rack structure of the system creates unique advantages with containers stored up to eleven stories high, delivering the capacity of a conventional terminal in a third of the surface area.By being fully automated it has direct access to each container, eliminating unpaid and unproductive reshuffling.
Navios Maritime Discloses Sale, Leaseback Deals
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that it has completed a $103.2 million sale and leaseback transaction for three MR2 product tankers and two LR1 product tankers. The proceeds have been used to refinance $82.4 million of bank debt.The Transaction provides for 28 quarterly payments of $2.3 million each plus interest at LIBOR plus 350 bps per annum. Navios Acquisition has an obligation to purchase the vessels at the end of seventh year for $39.7 million.
USCG: Marijuana for Mariners Still Forbidden
Marijuana use remains incompatible with sea service despite changes in state laws.Every year, dangerous drug use disrupts or destroys the careers of hundreds of professional mariners, threatening safety throughout the maritime transportation system at the same time. The ravages of addiction and accidental overdose make headlines daily, yet drug use among both the general population and safety-sensitive workforce continues to increase. Much of the rise is attributable to the growing use of marijuana…
Demand for Box Shipping of Soybeans to Asia Grows
Countries in Asia, led by Indonesia, are increasingly relying on shipping containers to transport their purchases of U.S. soybeans, according to an analysis of federal data released by the Illinois Soybean Association (ISA).The number of soybeans shipped in containers to Asian countries has grown 40 percent since the 2014-2015 crop marketing year, from 2 million metric tons to 2.8 million metric tons. Indonesia is the top buyer of container shipments of soybeans at about 1.4 million metric tons…
Nauticor Supplies LNG via STS
On April 15th, 2019, a large bunker supply vessel (BSV) for liquefied natural gas (LNG) “Kairos” provided LNG in a ship-to-ship bunker operation to a product tanker. “Fure Valö”, a vessel of the tanker pool managed by the Gothia Tanker Alliance, received LNG at the anchorage area of Sandhamn, near the Swedish capital of Stockholm. The bunker operation was the first offshore ship-to-ship operation that was conducted by the 117 meter long BSV.The bunker operation was conducted under an agreement for the supply of LNG…
ShipMoney Rolls Out Crew Payment Solutions
Seafarers employed on Tsakos-owned vessels operated under its management arrangement with Columbia Shipmanagement will now be paid electronically as opposed to by ‘Cash-by-Master’, under an agreement signed with global maritime payments provider ShipMoney.The deal means crewmembers will have complete control and access to their wages while onboard ship, including the timing and currency of remittances sent home. It will also dramatically reduce the need for large amounts of cash…
Diesel Laden VLCC Changes Course for Togo
The Very Large Crude Carrier (VLCC) Olympic Lyra changed its destination to Lome in Togo from Southwold in Britain, Refinitiv ship tracking data showed.VLCCs have a capacity of around 300,000 tonnes and their arrival in a region can affect refining margins.The Olympic Lyra, sailing from Asia, was supposed to arrive in Britain around May 7, but the shipping data now shows an estimated time of arrival in Lome on April 25. VLCCs often carry refined, or clean, oil products on their maiden journey before switching to crude oil or fuel oil.Reporting by Shadia Nasralla
Bahri Expands Footprint in Asia-Pac
The National Shipping Company of Saudi Arabia (Bahri) has announced the expansion of its market presence in the Asia-Pacific (APAC) region’s maritime industry.The stronger presence will help the company gain deeper insights into market trends as well as customer needs in chemicals and logistics sectors in Singapore and the wider APAC region, said a press release from the logistics and transportation company.The expansion will also enable Bahri Logistics and Bahri Chemicals, two of five business units of the company…
Danfoss Hybrid Electric Ferry Operational
Danfoss Editron, a company specializes in hybrid and electric powertrain systems for off-highway and marine markets, said that it has provided the hybrid electric drivetrain system powering a new ferry connecting the communities of Thyborøn and Agger in north west Denmark.The ferry, which was delivered by the country’s Søby Værft shipyard, was ordered to replace the previous one that had been running for over 40 years and reached the end of its operational lifetime.Like most ferries in Denmark…
Oakland Adds Vietnam Shipping Service
The Port of Oakland will add new direct service to Vietnam by late April. Pacific International Lines (PIL) will launch direct Vietnam links using vessels that can carry up to 11,900 20-foot containers. PIL’s new service is called AC5 and is in partnership with Cosco and Wan Hai.New Vietnam-US West Coast service:•Haiphong, Vietnam loop – Haiphong, Nansha, Hong Kong, Yantian, Long Beach, Oakland, Yantian, Haiphong (AC5)In 2018, Vietnam was the Port of Oakland’s third largest import market and fifth largest export market.
China's Commodity Imports Tepid, but Improving
If you were looking for evidence that China's economy has lost momentum, you may be tempted to think that you've found it in the unimpressive growth, or lack thereof, in imports of major commodities in the first quarter.Customs data for the first quarter show only crude oil has recorded significant growth in import volumes in the first quarter, with copper data mixed and iron ore and coal dropping.This would seem to confirm the narrative of slowing growth in the world's second-largest economy amid the ongoing trade and tariff dispute with the United States.But as usual the devil is in the deta
Houston Widens Ship Channel
The Port Commission of the Port of Houston Authority has decided to accelerate widening of the Houston Ship Channel, the nation’s busiest waterway.The Port Authority is working with the U.S. Army Corps of Engineers (USACE) and other representatives of the federal government, as well as Port of Houston and Houston Ship Channel stakeholders, to obtain authorization and accelerated funding and completion, of a deepened and widened ship channel.“The Houston Ship Channel is open for business for all and will continue to be…