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Monday, June 17, 2019

Region News

Image: MSC Mediterranean Shipping Company

MSC to Boost Costa Rican's Export

Swiss-based shipping line MSC Mediterranean Shipping Company is improving trade links between Costa Rica and northern Europe by adding a new direct call from the Port of Moin.The container shipping that operates in all major ports of the world said in a press release that MSC Katya R. has become the largest vessel to call Moin Terminal in Costa Rica, launching a new era in cargo shipping for the port and for exporters using its facilities.MSC’s service will bring larger container…

Pic: Frontline

Frontline Updates on Damaged LR2 Tanker

John Fredriksen's tanker shipping company Frontline has provided an update on the LR2 tanker Front Altair. Vessel Front Altair was among two ships attacked off the coast of Fujairah in the Gulf of Oman."On the morning of June 13, at approximately 0500 hrs gmt, an explosion occurred on the Front Altair shortly after the vessel had passed through the Strait of Hormuz in the Persian Gulf," it said.Most importantly, the 23 crew members onboard the Front Altair are unharmed after being…

Photo: Chamber of Marine Commerce

​Great Lakes-St. Lawrence Seaway Shipping Rebounds

After a slow start due to ice conditions, St. Lawrence Seaway cargo surged in May fueled by grain and iron ore exports and shipments of road salt. According to the latest numbers, cargo shipments from March 22 through the end of May totaled 8.3 million metric tons, bringing it in line with last year’s strong performance.Iron ore shipments via the St. Lawrence Seaway (from March 22 to May 31) totaled 1.5 million metric tons, up 8 percent compared to the same period last year. Dry bulk cargoes via the Seaway (2.2 million metric tons) are up 11 percent…

Photo: CMA CGM

CMA CGM Makes Inaugural Call at Port Tampa Bay

The CMA CGM Group, a world leader in shipping and logistics, has announced it made its first call at Port Tampa Bay today with the arrival of the 8,469-TEU (Twenty-Foot Equivalent Units) CMA CGM DALILA on the PEX3 service.With the PEX3 service, CMA CGM reaffirms its commitment to Central FloridaPort Tampa Bay is the closest port to Florida’s fastest growing region and its largest consumer market – the Tampa Bay/Orlando I-4 Corridor. Home to almost half of the state’s population of more than 21 million residents…

Pic: Norwegian Cruise Line

European Debut of Norwegian Pearl

Norwegian Cruise Line (NCL), the third-largest cruise line in the world, controlling approximately 8.7% of the total worldwide share of the cruise market by passengers, celebrated its first season of cruises from the Netherlands, Amsterdam with the European debut of Norwegian Pearl.The international cruise liner said that with this maiden call it is growing the brand’s presence to six ships in the region for the first time.On Saturday, 8 June, Norwegian Pearl’s Captain, Paul von Knorring…

Pic: GAC

GAC Mulls Expansion

The shipping & logistics company GAC is tapping into the growing contract logistics business potential of the Asia Pacific, Indian Subcontinent and Middle East, with plans to further develop and expand in its operations in the regions.That was the message Lars Bergström, GAC’s Group Vice President for Asia Pacific & Indian Subcontinent, had for the Group’s Contract Logistics Solutions experts who gathered in Colombo, Sri Lanka, to chart GAC’s strategy to increase its share of the business in their regions.

Pic: Port of Dunkerque

NPS Connects Dunkerque and Metz

The Port of Dunkerque, France's biggest harbour on the North Sea in terms of the total traffic throughput, is continuing to develop its combined transport plan with the implementation of the Flandres Express (FLEX) rail service to the East of France.Created in 2013, Nord Port Shuttle (NPS), has gradually developed a network of containerized river services between Dunkerque and the main inland ports of the Hauts-de-France Region.With the setting-up of a rail service between Dunkerque and Metz…

Photo: Maersk

Maersk India Trade Report Q1 2019

India’s containerized exports with the world witnessed a stable growth of 6% in the first quarter of 2019 propelled by robust performances in refrigerated cargo, engineering and pharmaceuticals sectors, while imports declined slightly in the same quarter registering a market growth of -2.2% in Q1. The import demand was buoyed by pharmaceuticals, metal, appliances and kitchenware, paper, chemicals and fruit & nuts, mainly from Northern Europe, South Asia, China and Russia. Exports were driven largely by the East and West of India…

The Bayonne Bridge (The growth in part can be attributed to the completion in June 2017 of the Bayonne Bridge Navigational Clearance Project, which raised the clearance under the bridge from 151 feet to 215 feet, allowing the world’s largest container ships to pass under it and serve port terminals in New York and New Jersey.) Credit: Port NY/NJ

CONTAINER PORTS: Boxed in or Busting Out?

Benchmarking the Nation’s top container ports in 2018 and looking ahead to what comes next.The nation’s major ports finished 2018 and began 2019 setting monthly and yearly container volume records, but agitated trade activity in the White House raised questions about what corrections would be permanent and which would not.President Donald Trump said on Febuary 24 he is delaying the scheduled March 1 increase in the tariffs on $200 billion in Chinese imports. The president said on Twitter he wants to give negotiators more time to reach a comprehensive trade deal with Beijing.

Image CREDIT: AdobeStock / © Jose Gill

Japan Oil Industry Braces for Higher Middle East P&I Costs

The costs of buying crude oil from the Middle East could rise as war insurance for ships travelling in the region will be expanded to include vessels travelling off the United Arab Emirates and Oman, the head of Japan Petroleum Association said on Friday.Japan is the world's fourth-largest oil importer and imports 90% of its crude from the Middle East, government data showed.Asian shippers and refiners had put ships heading to the Middle East on alert and were expecting a possible rise in marine insurance premiums following attacks on Saudi oil tankers and pipeline facilities earlier in May.Ta

Image: Associated British Ports

ABB Outlines Future for Lowestoft Port

Associated British Ports (ABP), owner and operator of the Port of Lowestoft, has launched a consultation on the Port of Lowestoft Master Plan, a document that sets out ABP’s future vision for growth and development at the port from now until 2036, inviting stakeholders to have their say on the port’s future.Together with ABP's other two East Anglian ports, King’s Lynn and Ipswich, it contributes £360 million to the UK economy every year, supporting 5,300 jobs nationally.Coupled with ABP’s ongoing investment in its infrastructure…

Photo: Sri Lanka Ports Authority

Sri Lanka, Japan, India Pact on ECT

The three governments of Sri Lanka, Japan and India have signed a Memorandum of Cooperation (MoC) for the development of the East Container Terminal (ECT) located in the Colombo South Port."As a hub of the Indian Ocean, the development of Sri Lanka and openness of its ports are of great importance. Colombo Port is the leading Port in the region. This joint project reflects the longstanding good will and cooperation among the three countries," said a joint statement.Japan has provided cooperation for the development of the Jaya Container Terminal since the 1980’s.

The Port of Vancouver / CREDIT: AdobeStock / © Anne

Labor Spat at Vancouver Ends as Deal Reached

Longshore workers at Canada's biggest port, the Port of Vancouver, were locked out on Thursday in a labor dispute over technology changes, temporarily grinding most shipping there to a halt. The lockout ended in a deal on Thursday with their employer after a few hours, the workers' union said.A tentative agreement on a new contract was reached with the BC Maritime Employers Association, the International Longshore and Warehouse Union Canada said in a statement. Jim Thompson, a spokesman for the International Longshore and Warehouse Union Canada…

Photo: Thuraya Telecommunications

Thuraya VSAT+ for Smart Shipping & Digitalization

VSAT+, the ground-breaking maritime satellite service from Thuraya, will be unveiled in Europe at this year’s Nor-Shipping conference and exhibition event in Oslo, three months after its commercial launch at the annual Thuraya partner conference in Dubai.With digitalization now a major driver of change in the maritime sector, Thuraya VSAT+ is the ideal satellite service to help fleet operators increase operational efficiency, gain market advantage and meet growing demand for monitoring…

Photo: Chamber of Marine Commerce

Great Lakes-St. Lawrence Shipping: We need Icebreakers

The Great Lakes-St. Lawrence shipping industry is calling for at least five new icebreakers to be part of the federal government’s recent announcement of $15.7 billion for Canadian Coast Guard fleet renewal.Chamber of Marine Commerce President Bruce Burrows will be in attendance as the Coast Guard dedicates the Captain Molly Kool into service at its home port of St. John’s, Newfoundland and Labrador. The Captain Molly Kool was recently retrofitted to provide services along the East Coast.

Photo:St. Louis Regional Freightway

St. Louis Regional Freightway, Port of Savannah Partner

The St. Louis Regional Freightway and the Port of Savannah are forging a partnership to create a new connection between the St. Louis, Mo. region and the largest single-terminal container facility in the western hemisphere. In response to record movement of 4.3 million TEUs (20-foot equivalent units) in fiscal year 2017, the Port of Savannah is investing $3 billion to increase its containerized cargo capacity from 5 to 8 million TEUs by 2028. The investment will accelerate the…

US warns Hong Kong about Iranian Oil Tanker

The United States has warned Hong Kong to be on alert for a vessel carrying Iranian petroleum that may seek to stop in the Asia financial hub, and said that any entity providing services to the vessel will be violating U.S. sanctions.The news comes two weeks after U.S. President Donald Trump’s administration stepped up moves to choke off Iran’s oil exports by scrapping waivers it had granted to big buyers of Iranian crude oil, including China.The fully laden Pacific Bravo abruptly changed course on Monday to head towards Sri Lanka, according to shipping data on Refinitiv Eikon.

U.S. Deploys Troops to Middle East, Blames Iran for Tanker Attacks

The United States on Friday announced the deployment of 1,500 troops to the Middle East, describing it as an effort to bolster defenses against Iran as it accused the country's Revolutionary Guards of direct responsibility for this month's tanker attacks.President Donald Trump's administration also invoked the threat from Iran to declare a national security-related emergency that would clear the sale of billions of dollars' worth of weapons to Saudi Arabia, the United Arab Emirates…

One of MISC's LNG carriers at sea (CREDIT: MISC)

MISC Group Q1 Financial Results

MISC has announced its financial results for the financial period ended March 31, 2019.Financial Highlights:Group revenue for the quarter ended March 31, 2019 was higher than the corresponding quarter ended March 31, 2018.Group profit before tax for the quarter ended March 31, 2019 was higher than the corresponding quarter ended March 31, 2018.Group Revenue, Operating Profit and Profit Before Tax for the Quarter Ended March 31, 2019Group revenue for the quarter ended March 31,2019 of $544 million was 12.7% higher than the corresponding quarter’s revenue of $482 million.

Pic: Gazpromneft Marine Bunker

Gazpromneft Marine Bunker in Pact with Cruise Lines

The Gazprom Neft bunkering business Gazpromneft Marine Bunker has concluded new agreements with cruise operators Royal Caribbean International and Saga Cruises.Gazpromneft Marine Bunker will be managing approximately 60 bunkering operations for Royal Caribbean and Saga cruise liners during the summer navigation season (May—September 2019) at St Petersburg’s Marine Façade passenger port.Total sales of marine fuels under these contracts are expected to be in the order of 55,000…

Brazil Minister of Foreign Affairs, Ernesto Henrique Fraga Araujo (right) with DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem (left) during a meeting in the capital of the country, Brasilia this week. Photo: DP World

DP World Strengthen Brazil Ties

Brazil Minister of Foreign Affairs, Ernesto Henrique Fraga Araujo met with the global port operator DP World Group's Chairman and CEO, Sultan Ahmed bin Sulayem in the Brazilian capital, Brasilia this week.They discussed social reform, a stable and efficient regulatory framework to attract investors alongside public private partnerships to encourage foreign direct investment (FDI). The meeting preceded Mr. Bin Sulayem’s discussions with President Jair Bolsonaro during the visit.DP World Santos…

Ken Loke (Photo: KVH Industries)

KVH Appoints Loke VP Asia Pacific

KVH Industries (Nasdaq: KVHI) said that Ken Loke has been named Vice President – Asia Pacific, to direct all initiatives for KVH in this  region. Loke has extensive experience in satellite and managed services with top companies active in the telecommunications and maritime industries. KVH provides connectivity solutions for the maritime market, including global mini-VSAT Broadbandsm services used by thousands of vessels worldwide.Prior to joining KVH, Loke held the positions of chief commercial officer and chief executive officer for Eutelsat – Asia Pacific…

Pic: Peel Ports

Hunterston Port Reveals Masterplan

UK port operator Peel Ports has revealed its plans for the major port and industrial centre at Hunterston, one of Scotland’s most important development sites comprising a 300-acre brownfield footprint, deepwater, and rail connections.It is calling on North Ayrshire residents and businesses to share their opinions about potential uses of the site, which is expected to support over 1,700 jobs and add over £140m in economic value to Scotland.The company has published its vision for Hunterston and how it intends to develop the site over the next twenty years.

Pic: DP World

DP World UAE Wins Sustainability Award

The global port operator DP World's UAE Region has been recognised for its efforts to create a more efficient and sustainable supply chain when it was awarded the Supply Chain Sustainability Award at this year’s Gulf Petrochemicals and Chemicals Association (GPCA) Supply Chain Conference.Mohammed Sulaiman, Business Development Manager of DP World, UAE Region, received the award on behalf of the company at a ceremony held at the Intercontinental Hotel in Dubai’s Festival City,…

Polar Ecuador (Photo: Hamburg Süd)

Hamburg Süd Christens Polar Ecuador

Hamburg Süd christened the Polar Ecuador containership in Antwerp.The new vessel belongs to a group of four structurally identical vessels in the Polar class that have been built for Hamburg Süd by the Chinese shipyard Jiangsu New Yangzi Shipbuilding. With a total length of 230 meters and a width of 37.30 meters, the ship offers a container storage capacity of 3,800 TEU and is equipped with 1,000 reefer plugs.The Polar Ecuador is deployed in Hamburg Süd’s North Europe – Mexico/Caribbean service (EMCS)…

Image: Port of Tyne

Tyne Port Attracts Offshore Wind Players

The Port of Tyne, which comprises the commercial docks in and around the River Tyne in Tyne and Wear in the northeast of England, is increasing their offer to potential offshore wind manufacturers.Offshore wind could provide 30% of Britain's electricity generation by 2030, and the Port of Tyne is perfectly placed to support this growing renewable sector.Announcing that the ‘Tyne is right’ to utilise its location, within 100 nautical miles of Dogger Bank, Hornsea, Seagreen and Sofia…