Tech Makes Gothenburg Port Smarter
The Gothenburg Port Authority recently launched a data system designed to coordinate and monitor work at the Port of Gothenburg Energy Port, the largest open access energy terminal in Sweden, handling more than 20 million tonnes of energy products annually."The ultimate outcome of the digital solutions is more rapid and more efficient handling of goods - quicker, safer, and less administration," claimed the port authority in a press release.“We operate in a high-intensity environment where safety is our first priority.
MCI Signs EchoPilot Deal
Marine Components International (MCI) in the UK has been chosen by Denmark’s Daniamant to distribute its British-designed EchoPilot forward-looking 3D sonar systems (FLS 3D).Dorset-headquartered maritime company supplies a wide range of high-end marine products to leading yacht builders and shipyards worldwide. MCI managing director Andy Scott said he is delighted to welcome EchoPilot to MCI’s portfolio.“EchoPilot is a pioneer in Forward Looking Sonar ever since patenting the World’s first forward looking sonar in 1992…
DHL Intros Fastest China-Germany Intermodal
DHL Global Forwarding, the ocean freight specialist of Deutsche Post DHL Group, is introducing the fastest rail freight connection between China and Germany in response to growing demand for rail freight services between Europe and Asia.The new rail service, operating between Xi’an in China and Hamburg and Neuss in Germany, has been set up in cooperation with Xi’an International Inland Port Investment & Development Group Co. Ltd. and is cutting transit time from 17 days to between…
MacArtney Expands Into Italian Market
MacArtney Underwater Technology is ready to launch its newest operation, MacArtney Italy, supporting local Italian customers with the global MacArtney brand.A long-standing cornerstone of the MacArtney strategy is to continually strengthen global reach and customer support through a strategic local presence in key markets. With a renewed focus on expanding their global footprint, MacArtney Underwater Technology will be offering their system solution technology and expertise to the Italian underwater technology markets…
100th Liebherr Mobile Harbor Crane in Spain
Liebherr delivered the 100th Liebherr mobile harbor crane, a new LHM 600, to the Spanish customer Maritima del Principado in Gijón. Spain is now the third country in the world, alongside Russia and India, with a fleet of 100 or more Liebherr mobile harbor cranes.The new machine is an LHM 600 and belongs to Generation 5, the latest technical development stage in the Liebherr Mobile Harbor Crane program.The history of the Liebherr mobile harbor crane in Spain started more than 27 years ago. In the Year 1992 Liebherr delivered its first mobile harbor crane to Spain. It was an LHM 1300.
TORM Conducts 16 Scrubber Installations
TORM, a pure play product tanker company and one of the world's leading carriers of refined oil products, expects to install a total of 44 scrubbers and has since the last quarter committed to an additional ten scrubber installations.The new installations support our balanced approach to the new sulfur regulation, with scrubbers.The recently decided additional scrubber installations will be conducted during the first and the second quarter of 2020.As of 12 November 2019, TORM has conducted 16 scrubber installations.
Product Tanker Freight Rates Rebounds
Product tanker freight rates softened in the third quarter of 2019 but rebounded strongly at the start of the fourth quarter following an increase in crude tanker rates that began after the attacks on Saudi Arabian oil facilities and accelerated dramatically to multi-year high levels at the end of September when the US imposed sanctions on two subsidiaries of China's COSCO Shipping.Denmark-based TORM said that growth in global demand for oil products generally remained subdued…
Klaveness Scales Down Supramax Biz
Norwegian shipping company Torvald Klaveness will scale down its dry bulk shipping activity in the Supramax segment and focus on the Panamax to Post-Panamax units.Klaveness Combination Carriers has dry bulk as one of its target markets, and Klaveness Digital, through its CargoValue platform, offer a unique solution for companies sourcing and shipping dry and wet raw materials at sea.Through Klaveness Chartering, Torvald Klaveness is a leading dry bulk operator serving charterers and owners all over the world.
Holvik joins Thrustmaster
Thrustmaster of Texas acquired the ICON Dynamic Positioning business from Rolls Royce earlier this year, a DP product addition to the Thrustmaster product portfolio. In addition to the rights to produce and sell future units of the DP products, Thrustmaster also has responsibility for the maintenance, service and upgrades of existing DP systems presently in operation. To support this addition, Thrustmaster has added Jon Holvik to the Thrustmaster team as the Executive Vice President for Business Development of Dynamic Positioning Systems.
MHI Vestas Offshore Wind Appoints Co-CEO
The Board of Directors of MHI Vestas Offshore Wind has appointed Johnny Thomsen as the new Co-CEO following the resignation of Lars Bondo Krogsgaard.Thomsen is the former Vestas Senior Vice President of Product Management, said a press note from the Dutch offshore wind power solutions provider.“We are pleased to announce the appointment of Johnny Thomsen, as the new Co-CEO of MHI Vestas Offshore Wind,” said Anders Runevad, Chairman of the MHI Vestas Board of Directors.“Johnny combines substantial understanding and experience of the MHI Vestas platform with business acumen.
De Keukelaere Wins IADC "Young Author Award"
The International Association of Dredging Companies (IADC) bestowed the Young Author Award to Liesbeth De Keukelaere, R&D Professional at VITO in Belgium. IADC’s Young Author Award is given annually to “stimulate the promotion of new ideas and encourage younger men and women in the dredging industry”. The award is granted at industry-leading conferences, with a winning young author selected from the proceedings of the CEDA Dredging Days 2019, held on November 7-8, 2019, in Rotterdam…
MSC Isabella, Largest Boxship to Call in Singapore Port
The 23,656 teu MSC Isabella became the largest containership to call the Port of Singapore when it berthed on 10 November 2019.The MSC’s Gülsün-Class of container vessels is currently the world’s largest series of container ships.To date, MSC Isabella is the biggest container ship to call at Singapore, the world’s top transshipment hub. Measuring around 400 meters long and 61 meters wide, the ship can carry up to 24 rows of containers, with a height of 13 tiers on deck. Its total capacity is 23,656 TEU (Twenty-foot Equivalent Units).
Monjasa Expands to Angola
Danish bunker company Monjasa announced the opening of its first office in Luanda, Angola, to support the West Africa oil and shipping activities.Monjasa started supplying bunkers across West Africa in 2009 and since then, it has delivered a total of 10.6 million tonnes of fuel products across the region from the Gulf of Guinea to Namibia."Monjasa is currently enabling the IMO 2020 transition by making new low-sulfur marine fuel available across the region. Today, Monjasa is the leading supplier in West Africa measured on volume and a fleet of 10 tankers deployed in the region…
Navios Acquisition Fleet Reaches 41
Navios Maritime Acquisition Corporation, the provider of transportation of petroleum products (clean and dirty) and bulk liquid chemicals, announced that its fleet consisted of a total of 41 vessels as of November 7, 2019.The owner and operator of tanker vessels said that out of 41 vessels, 13 are very large crude carriers (VLCCs) (including three bareboat chartered-in VLCCs expected to be delivered in the third and fourth quarters of 2020 and the third quarter of 2021), 26 are product tankers…
Scorpio Completes Aquisition of 19 Tankers
Scorpio Tankers, the international provider in the transportation for refined petroleum products, announced that it has completed acquisition of the leasehold interests in 19 product tankers.The Monaco-headquarters acquired subsidiaries of Trafigura, which have leasehold interests in 19 product tankers under bareboat charter agreements with subsidiaries of an international financial institution for aggregate consideration of $803 million on September 26, 2019.Of the 19 vessels…
Costa Firenze Floats Out at Fincantieri
Italian shipbuilder Fincantieri held an official float-out ceremony at its shipyard in Marghera for Costa Firenze, Costa Cruises’ second ship designed and built specifically for the Chinese market.Costa Cruises is the Italian company of Carnival Corporation, the world’s largest leisure travel company.The ceremony was held at Fincantieri shipyard in Marghera, Italy, where the ship is being built with scheduled delivery on September 30, 2020, once the interior fittings have been completed.Costa Firenze is the sister ship of Costa Venezia…
Neste Offers LSFO in Germany
Finland’s oil refiner Neste Corporation has made low-sulphur fuel oil (LSFO)available in Bremerhaven, Germany in response to the upcoming IMO 2020 global regulation.Neste and the German BMT Bunker und Mineralöltransport GmbH have signed a partner agreement concerning distribution and sales of Neste MarineTM 0.5. This new marine fuel, containing maximum 0.5% sulphur, has been available in Bremerhaven, Germany, since the beginning of November 2019. BMT is a bunkering services company with a long experience in the sales of marine fuels.
Carrier Transicold Introduces Next-Gen EverFRESH
Building on the pioneering legacy of the refrigerated container shipping industry’s first controlled-atmosphere system 25 years ago, Carrier Transicold has developed the next-generation EverFRESH system. Carrier Transicold is a part of Carrier, a leading global provider of innovative heating, ventilating and air conditioning (HVAC), refrigeration, fire, security and building automation technologies.The new EverFRESH system was unveiled for attendees at Intermodal Europe 2019,…
CPO Tankers Becomes ZEABORN Tankers
Claus-Peter Offen Tankschiffreederei (GmbH & Co.) KG (“CPO Tankers”) has now been renamed ZEABORN Ship Management Tanker GmbH & Cie. KG (“ZEABORN Tankers”). The company is part of Bremen-based ZEABORN Group since June 2019 and has started trading under its new name with effect from November 4,2019.Since August 2018, ZEABORN Group has bundled its ship management activities for dry cargo vessels – container, bulk and multipurpose – under the brand ZEABORN Ship Management. ZEABORN Tankers will operate as a legally independent company under the brand name ZEABORN Ship Management as well…
ORE Catapult Mulls Humber Expansion
UK's technology innovation and research center Offshore Renewable Energy (ORE) Catapult has announced ambitious expansion plans in the Humber, including a commitment to open a base of operations in Grimsby and create 50 to 70 jobs in the region in the next 10 years.The Catapult is already an active member of Aura, a regional partnership of leading industry and academic organisations focused on driving forward the growth of the UK’s offshore wind sector, and collaborates with…
Saga Orders 1st Boutique River Cruise Ship
British cruise line Holidays announced plans to launch a newbuild river cruise ship to sail on European rivers in spring 2021.The new ship will be built by Vahali, a Dutch-founded company which has been building rivers ships since 1923. The new vessel is christened Spirit of the Rhine.This follows launch of Saga’s new luxury boutique ocean cruise ship, Spirit of Discovery in July 2019, and the launch of her sister ship in Summer 2020."Using more than 60 years of insight gained from providing products and services exclusively to the over-50’s…
BAM Bags 2nd JV Contract in Canada
JGC-Fluor joint venture has awarded BJM the contract for the construction of the LNG Canada MOF, a material offloading facility to support the realization of a LNG export facility in Kitimat on the west coast of Canada, British Columbia (approximately 600 km north-west of Vancouver).BJM is a joint venture between BAM International (the operating company of Royal BAM Group active outside Europe), JJM Construction (Canada) and Manson Construction (USA).The project is part of the overall LNG Canada project.
Oil surges as China Pushes Tariff Rollbacks
Oil prices rose more than 1% on Tuesday on hopes for a U.S.-China trade agreement and optimism that Washington could roll back some tariffs on Chinese imports.Brent crude futures rose 74 cents, or 1.2%, to $62.87 a barrel by 12:56 p.m. EST (1756 GMT). U.S. West Texas Intermediate (WTI) crude futures rose 68 cents, or 1.2%, to $57.22 a barrel.China is pushing U.S. President Donald Trump to remove more tariffs imposed in September as part of a so-called Phase 1 deal, which would…
BHP Mulls LNG-Fueled Bulker Freight
Melbourne-headquartered resource company BHP wants to introduce LNG-fuelled iron ore vessels, which could transport up to 10 per cent of its product in the coming years."In July this year, we released the world’s first bulk carrier tender for LNG-fuelled transport for up to 27 million tonnes of iron ore," said Sundeep Singh, Group Procurement Officer.He said that introducing LNG-fuelled ships into BHP’s maritime supply chain will eliminate NOx (nitrogen oxide) and SOx (sulfur…
Venezuela's Oil Exports top 800,000 bpd Again
Venezuela's oil exports eased in October, but surpassed 800,000 barrels per day (bpd) for second month in a row, helping to drain an inventory buildup that had forced the OPEC country to cut output, according to documents and data.Since the United States imposed sanctions on Venezuelan state-run oil firm PDVSA in January to oust socialist President Nicolas Maduro, the OPEC-member country has struggled to find customers and tankers for its oil.New rounds of sanctions in August and September on Venezuela and maritime firms carrying the nation's oil pushed its crude stocks to record levels…
Lydia Oldendorff Sets Record
The largest German bulk carrier company Oldendorff Carriers GmbH, which operates around 700 ships, said that its Lydia Oldendorff (207,562 tdw built 2015) has set a record as the largest vessel to load coal at Puerto Bolivar, Colombia.The Newcastlemax vessel has a length of 300 meters and a breadth of 50 meters and was loaded on a trial cargo draft of 17.5 meters. The cargo loaded is destined for Flushing, in the port of Antwerp in Belgium, where it will again be the largest vessel to enter the port.Oldendorff Carriers currently operates a fleet of about 65 modern eco-Newcastlemax (203-211…
CPLP to Fit Six more Ships with Scrubbers
Capital Product Partners (CPLP), a Greek shipping company engaged in the seaborne transportation of a wide range of cargoes, including dry cargo and containerized goods, said that it is planning to install exhaust gas cleaning systems (scrubber) in six more vessels.Jerry Kalogiratos, Chief Executive Officer of our General Partner, said: “We are pleased to have concluded the first scrubber retrofit on the M/V Agamemnon and to see the vessel subsequently deliver under its new long-term charter until 2024.
Mackay Marine Acquires ChartCo’s Compass Business
Mackay Marine has acquired ChartCo’s Compass Services’ comprehensive magnetic compass business, effective October 9, 2019. This includes personnel, field service kits, compass calibration & repair laboratory, tools & equipment, compass & spare parts inventory, customer contracts, and vendor agencies.Mackay currently provides worldwide compass adjusting, audits, and field service through our 36-certified Magnetic Compass Adjusters at numerous ports along major trading routes. The acquisition of ChartCo’s business expands Mackay capabilities to perform in-shop…
Grindrod Announces Finance Arrangement
Grindrod Shipping Holdings, a global provider of maritime transportation services in the dry-bulk and product tanker sectors, announced a number of transactions relating to a new financing arrangement, its fleet and share repurchases."Further to the previously-announced financing arrangements in respect of IVS Knot and IVS Kinglet, we expect to enter into a similar financing arrangement with a Japanese shipowner in respect of the 2011-built handy-size dry-bulk carrier, IVS Magpie…
Abu Dhabi Ports, Etisalat Join Forces on Digital Services
Maqta Gateway, a subsidiary of Abu Dhabi Ports signed a Memorandum of Understanding (MoU) with Etisalat enabling connectivity and bringing digital innovation across the port facilities.The partnership will help transform the port with technologies like cloud computing, IoT and big data, paving the way for a new era of digital transformation in the maritime sector.Dr. Noura Al Dhaheri, Chief Executive Officer, Maqta Gateway, said: “We aim to transform our port facilities with smart solutions and technologies.
Europe Establishes Waterborne TP
The European Commission and Member States will establish a co-programed partnership zero-emission waterborne transport in the framework of Horizon Europe (the EU’s future research and innovation program).According to a press note, Waterborne Technology Platform partnership will allow the strategic European waterborne transport sector to develop knowledge, technologies and solutions that will enable zero-emission shipping for all ship types and ship services.Within the Green Deal for Europe, the greening of waterborne transport (i.e. shipping and inland navigation) will take a central place.
USMI, Brunswick Enter into MOU
United States Marine, Inc. (USMI) and Brunswick Commercial and Government Products (BCGP) are pleased to announce they have entered into a Memorandum of Understanding to explore potential business opportunities.USMI and BCGP have a history of providing our warfighters with mission proven vessels to help ensure our troops come home safely. “We have always admired Brunswick craft. This is an opportunity for both of us to work together to explore our core strengths and synergies to determine how we can provide unique craft to the military market with our combined expertise.
Maersk Join Forces to Develop LEO
A.P. Moller - Maersk alongside with Wallenius Wilhelmsen, BMW Group, H&M Group, Levi Strauss & Co. and, Marks & Spencer to explore LEO - a blend of lignin and ethanol - that could be part of the future solution for sustainable shipping.From the phone, tablet or computer you are reading this on, to the fruit you eat, the trousers you wear or the car you drive, around 80% of the goods you use every day are delivered to you by sea. Shipping accounts for 2-3% of global CO2 emissions, a proportion that is set to increase as global trade continues to grow at a sluggish but steady pace.
Yang Ming to Launch New ITS Service
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation said that encouraged by the steady economic growth and foreign trade in between Indonesia, Singapore, Malaysia and Thailand, it continues to enhance its Southeast Asia deployment with the new ITS service (Indonesia - Singapore/Malaysia - Thailand Service).The ITS service is set to be launched on November 12th, 2019, Yang Ming said.A total of three container ships with loadable capacity of 1,180 TEU each will be deployed for ITS service, of which one is contributed by Yang Ming.
B.C. Backs LNG Bunkering
The British Columbia Government has joined Vancouver Fraser Port Authority and FortisBC to establish the first ship-to-ship LNG marine refueling – or bunkering – facility on the west coast of North America.The use of LNG to power the world’s ocean-going vessels is forecast to expand and B.C. is well positioned to benefit from this growth.According to industry standards, replacing diesel fuel with LNG has the potential to reduce greenhouse gas (GHG) emissions by approximately 20%. Because FortisBC’s Tilbury facility runs on clean B.C.
POSH Terasea Liquidated After Default
PACC Offshore Services Holdings (POSH), an Asian operator of offshore support vessels, with a diversified fleet servicing offshore oil and gas E&P activities, said its joint venture, POSH Terasea (PTPL) would be voluntarily liquidated by creditors after it defaulted on a facility with an outstanding amount of around US$27.6 million.POSH said the maximum potential financial impact arising from the liquidation will be up to $42m and no material impact to its operating cash flow is expected.PTPL is 50 percent-owned by POSH and 50 percent-owned by Terasea…
Hamburg, India Sea Trade Up by 17%
In the 2019 first half, 106,000 TEU - 20-ft standard containers - were handled in Hamburg on direct services with Indian ports, a gain of 17 percent. This brought India up into tenth place in Hamburg’s ranking of its trading partners for container transport.With Hapag Lloyd and its partner shipowners ONE, YML and COSCO offering an additional weekly sailing from Hamburg on the IEX - South-East India–Europe Express service from November onwards, the prospects for further growth are good.Ten liner services link the Port of Hamburg with India.
Clean Marine, FMSI to Merge
Scrubber manufacturers and suppliers Clean Marine and FMSI have unveiled their intention to merge in order to create a bigger market share in the exhaust gas cleaning system (EGCS) segment.The combined entity, which will operate under the name Clean Marine, will provide a fully integrated offering, including Original Equipment Manufacturer (OEM) expertise, significant capacity, fast production times, project management and global after-sales services.Further announcements will…
Braemar Shipping Services Profit Slips
Braemar Shipping Services posted half-yearly results for the six months ended 31 August 2019 which showed that interim revenues rose 4% to GBP59.5mln, while losses dropped to £1.3mln from £2.8mln.The UK-based provider of shipbroking, financial advisory, logistics and engineering services principally to the shipping and energy industries, however, said that strong performance from shipbroking, especially in second quarter, achieving 9% revenue growth and underlying operating profit growth of 16% in the first half.Ronald Series…
Change of Management for Nortek
After over two decades at the helm of Nortek, a specialist in oceanographic instrumentation, Atle Lohrmann is taking on new challenges at newly started Hefring Engineering in Boston. Nortek’s new CEO, Finn Ivar Marum, has been entrusted with the task of ensuring Nortek’s continued growth.Nortek was established in 1996, when Atle Lohrmann set up offices outside Oslo, Norway, and started building up production capacity for Doppler instrumentation.Since then, Nortek has grown rapidly, with its revenues increasing from $985,000 in 1996 to $24.6 million in 2018.
Antwerp Port Inaugurates Solar Farm
The Port of Antwerp has inaugurated the first Concentrated Solar Thermal farm (CST) in Europe as part of its efforts to make its operations more eco- friendly.The pioneering energy technology generates eco-friendly heat from concentrated sunlight that can be used by industrial companies, claimed a press release from Europe’s second-largest seaport. The plant was installed for Adpo by the Genk-based energy company Azteq as part of a pilot project co-financed by the Flemish government.Industrial…
CMA CGM Launches Trade Finance Service
French shipping line CMA CGM has launched Shipfin Trade Finance (STF) , its new range of financing services dedicated to importing and exporting, in partnership with invoice finance platform Incomlend.The STF portfolio of products is, according to the carrier, “simple, reliable and rapid,” offering importers and exporters tailored financial solutions ranging from extended payment terms to financing advances.CMA CGM Group further explained that it wants to support its customers’ business through financing solutions tailored to their needs.
Logixboard Raises $4.2m to Expand Platform
Logixboard, the digital partner for freight forwarders, has announced it raised a $4.2 million seed round to expand its platform and fuel product innovation. Social Leverage led the round, with participation from F-Prime Capital, Founders' Co-op, Techstars Venture Fund, Liquid 2 VC, Bragiel Brothers, and Tom Gonser, the Founder of Docusign. Logixboard also announced Social Leverage Partner, Gary Benitt, has joined the company's Board.Many of the challenges that burden freight forwarders today stem from siloed systems, unstructured data, and the lack of a centralized customer offering.
Cruise Lines in St. Lucia Terminal Pact
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) and Royal Caribbean Cruises Ltd. (NYSE: RCL) signed a memorandum of understanding (MOU) with the government of Saint Lucia to form a joint venture to manage the existing cruise pier and terminal facilities in Saint Lucia, and to design, construct and operate a new cruise port on the island.Carnival Corporation and Royal Caribbean and the government of Saint Lucia will establish a long-term concession agreement to formalize…
Tankers Unable to Offload in Malaysian Port
Refineries at Port Dickson on Peninsular Malaysia's west coast are unable to receive crude oil after a port facility that carries crude from the ships to the plants broke down.A system known as a single point mooring (SPM) unit, a loading buoy anchored offshore that allows tankers to offload their crude via pipeline to the refineries, has been out of service, the refinery operators said.The SPM connects to a refinery operated by Hengyuan Refining Company Bhd (HRC), a subsidiary of China's Shandong Hengyuan Petrochemical Co…
Rotterdam Port Continues to Grow in Q3
The Port of Rotterdam announced a 1% rise in cargo handing, after it handled 112.4 million tonnes of freight, meaning that the total of 353.5 million tonnes were transmitted up to the end of the third quarter.Volume growth was mainly driven by containers, crude oil, LNG and biomass. There was a reduction in the transshipment of coal and mineral oil products.Allard Castelein, Port of Rotterdam Authority CEO: "In the third quarter we again saw healthy growth in terms of containers, one of the Port Authority’s strategic spearheads.
BunkerTrace Goes Live
On Friday, BunkerTrace, the unique blockchain and DNA- based fuels tracking solution, announced its commercial launch shortly after a successful trial in the Netherlands on Thursday, October 3, which was conducted in partnership with Cooperative Bebeka. Announcing the launch at Aracon, BunkerTrace is now ready to receive requests for commercial partnerships and adoption by bunker suppliers, ports and operators.The solution, which adds DNA markers to fuel at every stage of the supply chain and records each transaction in a blockchain-based system…
CMA CGM Launches SHIPFIN Trade Finance
CMA CGM launches SHIPFIN Trade Finance, its new range of import and export financing solutions.An innovative offering of simple, reliable and rapid financial services;Two complementary solutions for importers and exporters: Supply Chain Financing and Cargo Financing;CMA CGM is accelerating its Customer Centricity strategy to offer its customers tailor-made solutions supporting the development of their business.Discover SHIPFIN Trade Finance…
VDL AEC Maritime Appoints Krabiell as Rep
VDL AEC Maritime as scrubber supplier has strengthened its position on the German market by entering a partnership agreement with Krabiell. With the nomination of Thomas Krabiell as the official representative of VDL AEC Maritime in Germany, it can be ensured that customers like ship-owners and ship-management companies have direct contact to the organization in order to fulfill all demands. References of more than 100 EGCS on board various types of vessels is proving the simplicity and quality of VDL AEC Maritime’s scrubber system.
Port "Wears it Pink" for Breast Cancer
The Shoreham Port team are donning their favorite pink items and taking part in an office bake sale today in support of Wear it Pink, the annual fundraising day that raises money for Breast Cancer Now. Staff across the Port’s two offices are raising money which will be match funded by the Port.Breast Cancer Now, which merged with Breast Cancer Care earlier in the year to create the UK’s first comprehensive breast cancer charity, works to support and fund nearly 450 of the world’s…
Tramp Shippers Challenged by IMO 2020
Shipping companies running itinerant merchant vessels known as tramps are concerned about sourcing fuel to comply with one of the biggest ever shake-ups of the industry next year, the head of the International Chamber of Shipping (ICS) said.The International Maritime Organization (IMO) has banned the use of fuel with a sulphur content exceeding 0.5% from the beginning of January 2020, down from a maximum of 3.5% now, unless it is to power a ship equipped with a "scrubber" to clean the pollutant from exhaust emissions."We believe the (fuel) supplies will inevitably be patchy outside the main bu
ChartCo Relocates Offices to the Heart of Rotterdam
In a move which supports ChartCo’s ongoing expansion, the company is relocating from Driemanssteeweg 200 to Parmentierplein 20, Rotterdam with a brand-new technology office, thereby siting the firm at the epicenter of Europe’s largest port.ChartCo’s new central location will help to support customers and provide an excellent base from which to present the company’s innovative products. ChartCo’s dedicated Dutch sales and support team will also be based at the new site from October 18…
Tankers Switch from Clean to Dirty as Rates Surge
A recent surge in tanker rates due to U.S.
U.S. Great Lakes Ports on Pace to Beat 2018 Volumes
U.S. Great Lakes ports are on pace to beat 2018 cargo volumes following a robust September handling road salt, cement, stone, petroleum and wind energy components.“U.S. Great Lakes ports are reporting cargo growth as they support the region’s construction activity and energy needs and help our cities prepare for the winter ahead,” said Bruce Burrows, President of the Chamber of Marine Commerce. “Iron ore exports from Minnesota to Japan and China via the St. Lawrence Seaway are also continuing.”Overall, St.
Grandweld Shipyards Completes 35 Years
Grandweld, a fully integrated shipyard providing shipbuilding, ship repair, and engineering solutions to serve the offshore and marine industry, has celebrated its 35th anniversary, which marked their continued excellence since its inception in 1984.The ceremony was attended by major industry key players, who have trust in the company’s outstanding deliveries and designs. Grandweld owns the most selling vessels, selling more than 60 Crew Boats of its GW42M design.In addition, the company employs over 800 professional engineers and technicians in shipbuilding and maintenance…
DSC Dredge Wins USACE Dredge Bid
DSC Dredge, LLC wins bid for a new, non-propelled, cutter suction head dredge solicited by The Marine Design Center (MDC) of the U.S. Army Corps of Engineers (USACE) earlier this month. When completed, the new cutter suction head dredge will operate out of Astara, Azerbaijan to not only maintain the harbor depth and harbor entrance but the US Government is purchasing this dredge for the country of Azerbaijan as a part of Azerbaijan’s support of the US in anti-terrorism efforts.
U.S. Sanctions Bite; Traders Shun 300 Tankers
Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new highs, industry sources said.The move has taken roughly 3% of the global oil tanker fleet out of the market, according to industry sources and data on Refinitiv Eikon, sending rates soaring to secure tankers to ship oil, particularly to Asia."Freight rates are going through the roof and people are getting very nervous with the cost of shipping…
APM Terminals Appoints Dennis Lenthe Olesen as MD
Effective January 1, 2020, Dennis Lenthe Olesen, currently Global Head of Operations at APM Terminals, will assume the role of Managing Director for APM Terminals Nordics.This joint management structure will enable APM Terminals Aarhus and Gothenburg to strengthen collaboration and unlock operational synergies. The terminals will remain separate legal entities in Denmark and Sweden.“I am pleased to announce Dennis in this new and exciting role, as we embark on an important journey of unlocking further synergies between our two terminals and strengthening collaboration in the Nordics area”…
New Online Marine License Insurance Program
Mariners looking for insurance have a new option that is touted as being fast and affordable, cared for immediately in an online format that is designed to be more expedient than ever.360 Coverage Pros launched a new Marine License Insurance Program for mariners that offers an entirely online buying experience combined with low monthly payment options and instant proof of coverage.Until now, the process of securing a marine license insurance policy involved requesting quotes,…
BIMCO Offers Bunker Fuel Price Monitoring
BIMCO has developed a monitoring service for bunker prices, with data provided by MABUX, which is now available to all BIMCO members. The new interactive graphs allow price fluctuations in the major bunkering hubs of Singapore and Rotterdam to be tracked. They will show the bunker prices for 380cST HSFO (high sulphur fuel oil) and MGO LS (marine gas oil low sulfur), both in USD per metric ton, as well as the spread between the two fuel types, with data available since June 2017.