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Monday, January 27, 2020

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US Raises Tariffs on Derivative Steel, Aluminum from Some Countries

U.S. President Donald Trump on Friday signed a proclamation increasing tariffs on derivative steel products by an additional 25 percent and boosting duties on derivative aluminum products by an additional 10 percent.Trump said Argentina, Australia, Brazil, Canada, Mexico and South Korea are exempt from the additional tariffs on derivative steel products, and Argentina, Australia, Canada and Mexico are exempt from the added duties on derivative aluminum articles.Trump has imposed tariffs on imported steel and aluminum to help boost U.S.

CMA CGM ships in Waltershofer harbour © HHM / Dietmar Hasenpusch

Hamburg Port Defends Service Losses

Germany's largest port, the Port of Hamburg not expecting reduction in container throughput caused by liner service changes announced by Ocean Alliance and Maersk.From April, the Ocean Alliance NEU 5 service handled by EUROGATE Container Terminal Hamburg – CTH is being transferred to Antwerp, said a press release from the a sea port on the river Elbe in Hamburg, Germany, 110 kilometres from its mouth on the North Sea."This service will be run by the Ocean Alliance Partner, CMA CGM as FAL 3 with an approximate annual volume of 150…

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2019 Shipping Grows for Port of Green Bay

Port of Green Bay reports continued growth in 2019.The 2019 shipping totals were the highest since 2007 during a period that saw the highest tonnage in the past 30 years; 2006 saw 2.55 million tons shipped through the port. The common denominator during both periods of time is a robust economy. The recently-concluded shipping season saw 2,254,674 tons of cargo move through the Port, an 8% increase over the previous season.“It is interesting how the port has changed since the 2006 and 2007 shipping seasons that saw 2.32 million tons and 2.55 million tons moved…

Photo: Wärtsilä

New LNG Bunkering & Fuel Supply System Simulator

Wärtsilä has launched a new LNG Bunkering & Supply System simulator. The simulator will promote greater safety on board liquefied natural gas (LNG) fueled vessels by improving the level of training for operators of LNG systems. The design is based on the Wärtsilä LNGPac and Gas Valve Unit (GVU) technologies, and includes all auxiliary systems used in connection with the fuel supply. The design is also in accordance with the STCW requirements for training seafarers onboard gas…

Photo: Port of Brownsville

Two Mobile Harbor Cranes Arrive at Port of Brownsville

Two new mobile harbor cranes arrived at the Port of Brownsville, in Texas.On January 16, the cranes arrived at the port onboard the 393-foot long specialized cargo carrier M/V BBC ASIA.The Brownsville Navigation District ordered the Konecranes Gottwald Model 6 mobile harbor cranes in June 2019 to increase the port’s on-dock lifting capacity due to higher demands of cargo volumes.The cranes will handle a variety of cargo including breakbulk, dry-bulk, heavy project cargo and steel…

Image: Port of Oakland

Oakland Container Volumes Down 1.8% in 2019

The container ship facility located in the San Francisco Bay, Port of Oakland 2019 container volume decreased 1.8 percent from 2018. The Port attributed the decline to fewer empty containers but said loaded import and export containers were at a record high.Oakland handled the equivalent of 2.5 million 20-foot containers (TEUs) in 2019 versus 2.55 million in 2018. The Port attributed the dip to a 13 percent drop in empty container handling.On the other hand, export volume increased 3.7 percent last year, the Port said. Imports were up 1 percent.

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Oakland Box Volumes Down 1.8% in 2019

Container volumes at the Port of Oakland decreased 1.8% in 2019, new data shows.The port attributed the decline to fewer empty containers but said loaded import and export containers were at a record high.Oakland handled the equivalent of 2.5 million 20-foot containers (TEUs) in 2019 versus 2.55 million in 2018. The port attributed the dip to a 13% drop in empty container handling.Export volume increased 3.7% last year, and imports were up 1%, the port said. As a result, the port set a record for loaded containers in 2019 with 1.9 million TEUs.

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Rio Tinto's Full-year Iron Ore Shipments Drop

Rio Tinto on Friday posted a 3% drop in iron ore shipments in 2019 as the Anglo-Australian miner's operations faced disruptions due to cyclone and a fire at a port facility.Iron ore shipped from Australia's Pilbara region in 2019 was 327.4 million tonnes, the company said, well within its forecast of 320 million tonnes to 330 million tonnes.The company said it made up for the disruptions in the first half by way of higher iron ore production and shipments than a year earlier.

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Port of LA Exec Says US Tariff Tiffs Could Be 'New Normal'

The executive overseeing the busiest U.S. gateway for ocean trade with China on Thursday said the "weaponization of tariffs" to advance U.S. policy interests may now be the "new normal."The comments from Port of Los Angeles Executive Director Gene Seroka came just a day after U.S. President Donald Trump and Chinese Vice Premier Liu signed a Phase 1 agreement to defuse their 18-month-long trade war.The partial pact will cut some U.S. tariffs on Chinese goods in exchange for Chinese pledges to purchase more American farm…

Image: Kawasaki Heavy Industries

Kawasaki Delivers Newbuild Bulker

Japanese shipbuilder Kawasaki Heavy Industries  (KHI) has delivered the bulk carrier FJ Viola, with a capacity of 61,000 DWT, for F.J.Lines Inc. at the Dalian Cosco KHI Ship Engineering Co., Ltd. (DACKS).DACKS is located in Dalian City, China and operated jointly with China Cosco Shipping Corporation Limited.According to a press release from KHI, The vessel has a flush deck with a forecastle and five holds that are designed for optimum transport of grains, coal, ores and steel…

Image: Hyundai Merchant Marine

THE Alliance Welcomes HMM

The members of THE Alliance, Hapag-Lloyd, Ocean Network Express, and Yang Ming have welcomed Hyundai Merchant Marine (HMM) as a new core member of THE Alliance.With the US Federal Maritime Commission (FMC) acceptance of HMM membership, THE Alliance offers an attractive upgraded product package and it will be launched around April 1st, 2020.Based on the existing comprehensive network of THE Alliance, the newly en-hanced product package will offer increasing frequency particularly from South East Asia…

Image: Port NOLA

Port NOLA Sets New Box Record

Louisiana’s only international container port Port of New Orleans (Port NOLA) moved more containers in 2019 than at any time in its history, totaling 648,538 twenty-foot equivalent units (TEUs), up 10% compared to one year ago.The multimodal gateway for global trade said in a press release that the record marks the sixth consecutive year the Port surpassed the half million TEU-mark at its Napoleon Avenue Container Terminal, which is operated by New Orleans Terminal and Ports America.“Port NOLA has now seen double-digit growth in total container volumes for two consecutive years…

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Maersk Delivers Chillies from Varanasi to UAE

Maersk, an integrated logistics company, said it has delivered its first end-to-end shipment of freshly produced green chillies from Varanasi to Jebel Ali, United Arab Emirates (UAE), within a duration of nine days.The Danish business conglomerate worked closely with Agricultural and Processed Food Exports Development Authority (APEDA) of India, the apex organization under the Ministry of Commerce & Industry, responsible for the export promotion of agricultural products, to enable…

(Photo: Crowley)

Crowley Realigns Its Marine Services Group

US-based Crowley Maritime Corp. announced on Wednesday that it has realigned its marine services organization and introduced new leadership.In a move that aims to provide better support to customers, Crowley Marine Services, part of the company’s shipping arm, will now be comprised of three distinct, yet interrelated business segments: offshore services, ship assist and tanker escort and engineering services – those provided by Crowley and subsidiary Jensen Maritime Consultants.Jeff Andreini…

Image: TORM

TORM Secures $496M for Debt Refinancing

Denmark-based product tanker company TORM has obtained a commitment for a total of USD 496 million from a syndicate of lenders to refinance its debt and bolster its capital structure.The carrier of refined oil products said the total amount is a combination of two separate term facilities and a revolving credit facility, which will be used to refinance the company’s debt covering a total of USD 502 million.Following the refinancing, TORM does not have any major debt maturities until 2026 which supports TORM’s strong capital structure…

Ethan Edson of Ocean Diagnostics demonstrates some of his microplastic sensors. Credit: Ocean Diagnostics.

SMTP Helps to Power Future Ocean Tech

On an unseasonably warm October day in San Francisco, hundreds gather in the Dogpatch district to hear about the latest innovations in ocean conservation and science. Bubble barriers to trap plastic in river mouths and portable DNA scanners preventing illegal wildlife trafficking are just a few of the ground-breaking tools and technologies that are transitioning from dream to reality. And the unifying factor amongst these groups is support from Schmidt Marine Technology Partners (SMTP).SMTP is a relatively new program of the Schmidt Family Foundation…

Photo: Trelleborg

Trelleborg Acquires Signum Technology

Trelleborg has acquired Signum Technology Ltd. The acquisition of Signum and its subsidiary companies Gall Thomson, KLAW LNG, KLAW Products, and Vee Bee Filtration., provides safety-critical solutions for flow control applications, including Marine Breakaway Couplings (MBCs) and safety solutions for LNG transfer systems.The move is part of Trelleborg’s strategy to strengthen its position as a system provider in oil and gas market segments, such as ship-to-ship and ship-to-shore LNG transfer.Signum Technology is headquartered in Wiltshire…

David Loosley (Photo: BIMCO)

BIMCO Names Loosley CEO

BIMCO has appointed David Loosley as its new Secretary General & CEO with effect from June 2020. Loosley joins from the Institute of Marine Engineering Science & Technology (IMarEST), which he led for the last eight years.Prior to joining IMarEST, Loosley ran operations at the United Kingdom Hydrographic Office (UKHO) where he was responsible for the transition from analogue to digital navigational products, and chaired the Digital Geospatial Information Working Group (DGWIG) to help drive global standardization.

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ZIM Starts Seasonal Reefer Service

Israeli shipping company ZIM said it has commenced a seasonal reefer service from Egypt starting January 10.The weekly, fixed-day ZIM Egypt - Black Sea Express (EBX) 2020 seasonal reefer service provides a direct link from Alexandria to Novorossiysk NUTEP modern terminal, with a four-day transit time.Rani Ben-Yehuda, EVP Cross Suez and Atlantic Business Unit, said, “The service is specifically designed for the needs of our customers shipping perishable cargo, as part of our strategy aimed at providing solutions to our customers’ needs.”

Image: Safe Bulkers

Safe Bulkers Signs Pact with Alfa Laval

The international provider of marine drybulk transportation services Safe Bulkers has entered into a service agreement  with Alfa Laval for 20 scrubber units on its vessels to meet the requirements of IMO 2020.According to the shipowner, the agreement is to minimize down time, enhance regulatory compliance and safeguard scrubber performance over the life-time of the vessel.The agreement provides for a flat yearly fee, lifecycle-oriented services from the Alfa Laval PureSOx 360° Service Portfolio…

The Inland Dredging Company’s cutterhead dredge Integrity, along with one of its small tugboats, works to dredge the Memphis Harbor/McKellar Lake, which was the last of 10 harbors dredged in the Memphis District during 2019. (Photo: USACE/Jessica Haas)

USACE Memphis District Dredging Wraps Up

The Memphis District U.S. Army Corps of Engineers has several missions associated with the Mississippi River. One of the most important is to keep the river channel at a depth that allows the river barge industry to dependably transport goods up and down the river.To deliver on this charge, the Memphis District awarded a contract/task order in the amount of $7,987,200 to the Inland Dredging Company in April of 2019. On Dec. 23, 2019, Inland Dredging Co. completed all work with a total of 1…

Image: Yang Ming Marine Transport Corporation

Yang Ming to Launch Taiwan - Japan Service

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation said that it continues to enhance its Intra-Asia service network by launching a new Taiwan–Japan service (JCH) effective from January 26th, 2020.The JCH service will provide weekly direct service between Kaohsiung, Osaka, Kobe and Hakata, said the largest Taiwan-based global shipping logistics services company, operating a fleet of more than 100 vessels.The launch of JCH service will expand Yang Ming’s existing services between Taiwan and Japan…

Christian M. Ingerslev, CEO. Photo: Maersk Tankers

Maersk Tankers Launches New Digital Venture

Maersk Tankers is launching a new standalone digital business to reduce CO2 emissions and optimize vessels’ earnings across the tramp shippig industry.Soren C. Meyer is moving from Chief Asset Officer to Chief Executive Officer of the new digital venture.The as-yet-unnamed business will develop and sell the software product SimBunker to vessel owners and managers in the tramp shipping industry to help them use their vessels more efficiently. This will reduce CO2 emissions, supporting the shipping industry’s ongoing efforts towards more sustainable development…

Henrik Hyldahn (Photo: Shipserv)

ShipServ Appoints Hyldahn as CEO

ShipServ has appointed Henrik Hyldahn as its new CEO, effective January 1, 2020. Hyldahn was previously ShipServ’s Chief Solutions Officer. He replaces CEO Kim Skaarup, who will join the company's board as Vice ChairmanAs new CEO, Hyldahn will prioritize driving further collaboration with customers and partners, as well as seizing the opportunity to capitalize on the significant advancements in digitalization within the maritime industry. A key component of this will involve leading…

Image: Hyundai Mipo Dockyard (HMD)

HMD Confirms Evergreen Boxship Order

South Korean shipbuilder Hyundai Mipo Dockyard (HMD), a unit of Hyundai Heavy Industries (HHI), has confirmed the KRW 110 billion ($100m) newbuilding order for four units of 1,800 TEU container carriers from Taiwanese shipping line Evergreen Marine Corporation.The world's No. 1 shipbuilder specializing in medium-sized ships such as product/chemical tankers, car carriers, LPG & LNG carriers, and asphalt carriers, said that The vessels, each of which will have a length of 172 meters…

Image: Costa Cruises

Costa Smeralda Floated Out

Italian cruise line Costa Cruises said that Costa Smeralda is the first ship in the Costa fleet to be fueled by liquefied natural gas (LNG). "This is a step change for the cruise industry as a whole, guaranteeing a substantially reduced environmental impact," it said."Costa Smeralda is the first ship in the Costa fleet to be powered both in port and at sea by LNG, meaning improved air quality and protecting the environment with the virtual elimination of sulfur dioxide emissions (zero emissions) and particulate matter (95-100% reduction).

Image: Grindrod Shipping

Grindrod Eyes Stake in IVS Bulk JV

Singapore-headquartered provider of maritime transportation services in the drybulk and product tanker sectors, Grindrod Shipping Holdings is planning acquisition of an additional 33.25% stake in its IVS Bulk joint venture."Grindrod Shipping is progressing negotiations to acquire all of the 33.25% ordinary and preference shares in IVS Bulk held by one of its two JV partners for approximately $44.2 million, thereby increasing our stake in the JV to 66.75%," said a press release from the provider of dry-bulk and liquid shipping services.

Image: Port of Salalah

Salalah Port Breaks 4-M TEU Record

Port of Salalah, the largest port in Oman, hit an all-time record container volume of 4-million TEUs in December 2019.Considering all services and volumes that were re-directed to other ports due to the impact of Cyclone Mekunu in 2018, the Port of Salalah has also achieved a 19% year-on-year volume growth, said a press note from the port, which is situated in the Dhofar Governorate, on the Arabian Sea which is on the northern part of the Indian Ocean.The concerted efforts of…

Image: Overseas Shipholding Group

OSG Acquires Alaska Tanker

Overseas Shipholding Group, the tanker company providing energy transportation services for crude oil and petroleum products in the U.S. Flag markets, has entered into agreements with BP Oil Shipping Company USA and BP AMI Leasing to purchase the crude oil carrier vessels operated by Alaska Tanker Company (ATC).OSG currently owns a 37.5% interest in ATC. As part of the above transaction, OSG will acquire the remaining 62.5% interest of ATC that it does not own.According to the publicly traded tanker company…

Image: Port of Antwerp

Antwerp Port Achieves Record for 7th Year

The Port of Antwerp has seen significant growth for the seventh year in a row, with freight volume up 1.3% to 238 million tonnes. Although some segments are under pressure, the port says it is making progress both economically and in sustainability and mobility.Container freight, in particular, gained market share (up from 27.5% to 28.2%), while the dry bulk segment for its part saw its total volume expand by 3.4%.In breakbulk on the other hand, with steel as the main product…

Steve Felder (Photo: Maersk)

Maersk Outlines Year in Review, Outlook

Steve Felder, Managing Director, Maersk South Asia has outlined the developments in 2019 and what we can expect in 2020:“While the global container demand was lower in 2019 due to weaker growth in the global economy, India witnessed a broad-based slowdown in its import export trade as well after a growth of several years. This is aligned closely with the weaker domestic demand, tight liquidity and working capital as well as a reflection of the overall cyclical weakening of the economic environment in all the main global economies.

Photo: Maersk

Maersk India Trade Report Q3 2019

India’s import and export container trade in Q3 2019 (July-September) remained flat as compared to global growth of 1.5%. The slowdown is aligned closely with the weaker domestic demand, as well as a reflection of the broad-based cyclical weakening of the economic environment in all the main global economies. The negative effects from escalating trade restrictions also weighed on trade growth in the quarter. The trade restrictions have reduced bilateral trade between the United States of America and China…

ONE: New S. Korea to N. Vietnam Service

Ocean Network Express (ONE) has announced details of the new Korea Haiphong Express (KHX) service. Connecting North Vietnam, South Korea and South China, the new KHX service offers improved service coverage and comprehensive port connections for ONE’s valued customers.The KHX service, which will be the first within ONE’s network to call Incheon, will provide shippers direct and fast coverage from North Vietnam to South Korea and South China to Incheon.The KHX service coverage…

AdobeStock / © Renaschild

Singapore Jails Tanker Captain in Shell Theft Case

The captain of a Vietnamese oil tanker has been jailed for over five years in Singapore for his role in a scheme that saw around $150 million of oil stolen from Shell's biggest refinery over several years.Doan Xuan Than, 47, was sentenced to 66 months in prison on Thursday, a spokesman for the State Courts of Singapore said, becoming the second person jailed in a case that also involves former employees of Royal Dutch Shell who allegedly conspired to siphon oil from the firm's Singapore refinery.The theft…

Left: Situation at the start of works and after completion of the HES Hartel Tank Terminal quay walls and jetty. Foto: Paul Martens, HES Hartel Tank Terminal

HES Hartel Tank Terminal Handed Over

The 1.3 Million cbm HES Hartel Tank Terminal, a project of HES International, has been completed on schedule.The HHTT Consortium, comprising Van Hattum and Blankevoort (Koninklijke VolkerWessels), Mobilis (TBI) and Boskalis Nederland, has handed over the construction site to its client, the Port of Rotterdam Authority. This contract involved a total amount of over EUR 100 million.The HHTT Consortium started constructing this challenging project on Maasvlakte in December 2017.The project comprises the construction of a 1…

Image: TOP Ships

TOP Ships Acquires 2 Scrubber Fitted Tankers

Greece-based international ship-owning company TOP Ships has acquired two ultra-high specification scrubber-fitted 50,000 dwt Medium Range (MR) product/chemical tankers under construction at Hyundai Mipo Dockyard Co., Ltd. in South Korea.The tanker owner stated in a press release that  it has acquired 100% of the issued and outstanding shares of Santa Catalina Inc. and Santa Monica Inc., which are Marshall Islands companies that have originally entered into new building contracts for the two tankers.The MR tankers are scheduled for delivery during February 2020…

Photo: BIMCO

BIMCO's Sanctions Clauses to Meet Challenges

BIMCO’s Documentary Committee has approved two charter party sanctions clauses to help owners and charterers manage due diligence policies and navigate an increasingly complex environment of economic and trade sanctions imposed by governments.Sanctions have become a widely used geopolitical tool by governments. The rules are complex, imprecisely drafted, often changing, and the risks of violation can be high. The necessity of sanctions clauses that provide contractual certainty has prompted BIMCO to revise…

Photo: Northrop Grumman Sperry Marine

The Future of Maritime Navigation

It is 70 years since the launch of the first radar under the Decca brand and today’s Sperry Marine is marking the anniversary by looking to a future that would have been hard to imagine in 1949 – or even as little as 10 years ago.Yet the changes of the last decade will be eclipsed by the transformation in the decades to come, which will accelerate as the shipping industry embraces greater digitalization and moves towards an era of smart and connected operations.In the course of 70 years…

AdobeStock / © rawf8

China 'in touch' with U.S. on Phase 1 Trade Deal

China and the United States are in touch over the signing of their Phase 1 trade deal, China's commerce ministry said, which will see lower U.S. tariffs on Chinese goods and higher Chinese purchases of U.S. farm, energy and manufactured goods.The Phase 1 deal was announced last week after more than two years of on-and-off trade talks, although neither side has released many specific details of the agreement.Both the Chinese and U.S. trade teams are in close communication, Gao Feng…

Image: Capital Product Partners

Capital Product Partners Acquires Boxship Trio

Capital Product Partners (CPLP), a Greek shipping company engaged in the seaborne transportation, has agreed to acquire three 10,000 TEU sister container ships for USD 162.6 million from Capital Maritime & Trading Corp.The ships, M/V Athos, the M/V Aristomenis and the M/V Athenian, were built in 2011 at Samsung Heavy Industries S. Korea.The vessels are under long-term time charters with Hapag-Lloyd which will expire in April 2024, said a press note from the shipping company.The gross charter rate for each vessel currently amounts to $27…

Paxoi bunker tanker, managed by MM Marine Inc (Photo courtesy of  Navalrocha shipyard)

BWTS Retrofits Drive Navalrocha Biz

Portugal's Navalrocha shipyard reports a strong influx of BWTS (Ballast Water Treatment System) retrofit projects for 2020.The shipyard completed its first ever BWTS installation with technical engineering partner Step Consolidated on the Paxoi bunker tanker, managed MM Marine Inc.Navalrocha Commercial Director Sergio Rodrigues said the contract sparked a series of other deals with five more BWTS retrofit projects scheduled for 2020.“The Paxoi installation process was carried out in the last quarter of 2019 during a 16-day drydocking,” he said.

Source: BIMCO, Clarksons, IMF

BIMCO: Supply & Demand Trending Off-Balance

One of the most worrying trends that has developed recently - which will affect shipping demand in the years to come - is the falling trade-to-GDP ratio. The falling ratio can be explained by slowing globaliztation as well as increasing protectionist measures being implemented around the world, spear headed by the US. The raised barriers to trade are here to stay as we enter a new decade, with the shipping industry stuck with the consequences.The trade war is the clearest example of these extra barriers to trade…

Image: Pyxis Tankers

Pyxis Sells a Product Tanker

The Greek marine transportation provider Pyxis Tankers Inc announced that it had agreed to sell the Pyxis Delta, a 2006 built 46,616 dwt product tanker.The emerging growth pure play product tanker company said that the closing of the sale should occur in January, 2020 and is subject to customary closing conditions.Valentios Valentis, our Chairman and CEO said: “The sale of our oldest, non-eco MR tanker reduces the average age of our fleet and provides us capital to repay debt…

Image: Wilhelmsen

Wilhelmsen, NorSea Join Forces for Hydrogen

The Norwegean global maritime industry group Wilh. Wilhelmsen Holding ASA and Denmark-based supply chain manager NorSea join forces to develop liquid hydrogen supply chain for maritime applications in Norway.The environmentally friendly liquid hydrogen can be offered to commercial shipping in large scale supply within first quarter 2024, claimed the companies.Together with major industry players such as Equinor, Viking Cruises, Air Liquide, and more, this is a huge and important step towards a sustainable future…

Reportedly, the impending trade deal depends heavily on significant increases in China imports of U.S. agricultural products. Image Credit: AdobeStock / © Igor Strukov

U.S. sets Trade Terms, Beijing So Far Silent

Washington has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing's buying more American farm goods, U.S. sources said on Thursday.Beijing has yet to confirm whether it is on board with the proposal, although officials will hold a press briefing Friday night local time to update progress on the talks, the State Council Information Office said. Officials from the state planner, ministry of finance, foreign ministry, agriculture ministry and ministry of commerce will attend.In the hours since U.S.

The M/V ELKA ARISTOTLE (Credit: © MarineTraffic.com)

Pirates Release Kidnapped Tanker Crew off Togo

Pirates have released three crew taken hostage from a Greek oil tanker off the coast of the West African country of Togo in November, the vessel's manager said on Friday.A fourth hostage, a Filipino, died from illness during captivity, European Products Carriers Ltd added.It did not give details of the release.The tanker, Elka Aristotle, was attacked on Nov. 4 about 18 km (11 miles) from the port of Lome.

AdobeStock / © rawf8

U.S., China Reach Trade Deal 'in principle'

The White House has reached a "deal in principle" with Beijing to resolve the 17-month U.S.-China trade war, according to a source briefed on the trade talks.The White House was expected to make an announcement later on Thursday, the source said."The written agreement is still being formulated, but they have reached an agreement in principle," the source said. No details were immediately available.In an attempt to secure a "phase one" trade deal, U.S. negotiators offered to cut…

Photo: Corsica Linea

Corsica Linea Partners with Moment

After a trial period, Corsica Linea has deployed Moment’s technology on all its fleet. The new service was implemented this last October.Moment has been selected by Corsica Linea, a major private French maritime company transporting passengers and goods, to deploy an onboard entertainment solution. This enables Corsica Linea to upgrade its service on the Mediterranean routes by providing reliable digital platform to passengers, accessible from their own mobile devices.Connected to the dedicated ship’s server with their personal devices (smartphones…

Image: Navis

Navis Acquires Jade Logistics

Cargotec division Navis has signed an agreement to acquire the assets of New Zealand-based Jade Logistics.Jade Logistics provides Master terminal operating systems (TOS) for mixed cargo terminals.With N4, Octopi and Jade Master Terminal, Navis can offer the flexibility of the right TOS for any prospective customer’s cargo requirements. Navis will establish a General Cargo Center of Excellence in Christchurch, New Zealand to serve the growing demand for mixed cargo solutions globally.

Map:  ReCAAP ISC

Asia Reports 8 Piracy Incidents in November

A total of eight incidents of armed robbery were reported against ships in Asia in November 2019, according to ReCAAP ISC monthly piracy report.ReCAAP said of the eight incidents reported in November 2019, five incidents, comprising four actual incidents and one attempted incident, occurred in the Singapore Strait.The total number of incidents of piracy and armed robbery against ships reported during January-November 2019 has decreased by 4%, but the number of actual incidents…

Brett Dibkey President – Advanced Systems Group

New Formed Advanced Systems Group Appoints Dibkey

Brunswick Corporation today announced the formation of its Advanced Systems Group and appointed Brett Dibkey President – Advanced Systems Group. The new appointment is effective on January 1, 2020. The Advanced Systems Group consists of the 11 leading Power Products brands from the acquisition completed in August of 2018 in addition to the Attwood Group of businesses with its industry-leading brands, including Attwood, Garelick, MotorGuide, and Whale - all supported by a comprehensive, industry-leading systems design and integration capability.

AdobeStock / © Raw f8

China Hoping for Expedited US Trade Agreement

China said on Monday that it hoped to make a trade deal with the United States as soon as possible, amid intense discussions before fresh U.S. tariffs on Chinese imports are due to kick in at the end of the week.Beijing hopes it can reach a trade agreement with the United States that satisfies both sides, Assistant Commerce Minister Ren Hongbin told reporters on Monday."On the question of China-U.S. trade talks and negotiations, we wish that both sides can, on the foundation of equality and mutual respect…

© Mike Mareen / Adobe Stock

Bahri Looks to Make LNG Foray

Saudi Aramco's shipping arm Bahri has issued an expression of interest (EOI) to charter up to 12 liquefied natural gas (LNG) tankers from 2025, its first foray into the superchilled fuel, industry sources said on Monday.No further details were immediately available and Saudi Aramco declined to comment. EOIs are preliminary enquiries that may or may not turn into full-fledged orders.According to Bahri's website, the national shipping carrier of Saudi Arabia has six business units dealing in oil…

Image:  Ocean Yield ASA

Ocean Yield Adds LR2 Tanker Trio

Norwegian ship owner and operator Ocean Yield ASA has taken delivery of three long range 2 (LR2) product tankers built in China.The three LR2 product tankers are Navig8 Pride (2018-built), Navig8 Providence (2018-built) and Navig8 Prestige (2019-built). The vessels were acquired from a major Chinese leasing company with about 9 year’s remaining bareboat charters to Navig8 Topco Holdings Inc.The fourth vessel, the “Navig8 Precision” is expected to be delivered next week. All four vessels are fitted with scrubbers and built in 2018 and 2019.Following the latest acquisition…

Image: Costa Cruises

Meyer Turku Delivers Costa Smeralda

Finish shipbuilder Meyer Turku delivered liquefied natural gas (LNG)-fuelled Costa Smeralda to its Italian owner Costa Cruises, a brand of Carnival Corporation.The brand's new flagship Costa Smeralda becomes Carnival Corporation's fourth new ship of 2019 and its second LNG-powered ship.Costa Smeralda is the first of two new sister ships for Costa Cruises that can be powered in port and at sea by LNG. The second vessel, Costa Toscana, is currently under construction at Meyer Turku and scheduled to be delivered in 2021.In total…

Image: Tsakos Energy Navigation

TEN Extends LNG Carrier Charter

The diversified tanker operator Tsakos Energy Navigation (TEN) announced the extension of one of its liquefied natural gas (LNG) carriers for a minimum one-maximum three-year period.The Greek shipping company said that the new increased rate is set to commence in the first quarter of 2020 and expected to generate around $30 million of gross revenues.“We are delighted to continue the employment of our LNG carrier to one of the industry’s top names which highlights TEN’s operational capabilities in this highly demanding sector…

(Photo: NORDEN)

NORDEN Examining Biofuels

NORDEN partners with Danish based Kvasir Technologies, a spinout from the Technical University of Denmark with a patented technology to produce fuel from plant material.“At NORDEN, we want to drive the shipping industry towards a cleaner future. If we are to truly make a difference, testing fuel alternatives is the right starting point,” says Henrik Røjel, Fuel Efficiency and Decarbonization Manager at NORDEN. “The collaboration with Kvasir is highly welcomed, both as part of…

Ed Grimm, (second from left) CEO, Southern Towing Company during a crew visit.

Interview: Ed Grimm, CEO, Southern Towing Company

“In God we trust. All others must have data.”When Ed Grimm took the helm of Southern Towing Company (STC)as President and CEO, he inherited an enviable team of leaders, engineers, mentors, communicators and analysts. Today STC is a clear leader on the inland waterways, pioneering and proving the business and safety value of Z-Drives on the river towboats.How did you come to the top spot at Southern Towing Company?I started in the energy industry at 16 working at an oil storage depot in New York Harbor, working there through high school and putting myself through college.

Image: Maersk

OceanPro Accelerates Tech Innovation

OceanPro by Maersk, the first of its kind startup accelerator within the shipping and logistics industry, announced the graduation of its second cohort of start-ups showcasing the artificial intelligence (AI), machine learning (ML) led solutions developed by them over the last 120 days.The India-focused company of the Danish shipping giant also unveiled the start-ups that form a part of the third cohort as a continuation of its efforts to drive industry-wide digital transformation…

Jesper Kristensen. Image courtesy: Unifeeder A/S

Unifeeder Acquires Feedertech

Denmark’s Short-sea operator Unifeeder , part of the global port operator DP World, has acquired a 77% stake in The Feedertech Group, a Singapore-based feeder and shortsea operator.The Group’s Chairman, Ali Maghami, will retain the remaining 23% shareholding.Established in 2003, the Group operates two companies; Feedertech, which is a feedering service and Perma, a regional shortsea network. Both operate in the same market and connect the fast-growing trade route of Asia-Middle…