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Sunday, January 17, 2021

Thailand News

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Global Cargo Logjam Deepens

Amazon seller Bernie Thompson shifted half of his production out of China to reduce his business risks and still found himself in the crosshairs of logistical chaos besetting the movement of goods around the globe.A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows.That has stranded empty cargo containers in the wrong places, spawning bottlenecks that now stretch from factories to seaports.

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Thai Exports May Drop 7% This Year

Thailand’s exports may drop by 7% this year, an improvement on the 8-10% drop projected earlier and helped by a gradual recovery in global demand, but a strong baht remains a concern, the Thai shipping association said on Tuesday.“After a positive surprise in September’s shipments, we expect exports to improve further this year,” Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, told a briefing.Exports, a key driver of Thai growth, contracted a less than expected 3.86% in September from a year earlier.The U.S.

Christophe Mathieu (Photo: Interferry)

Interferry Names New Chair and Board Member

Ferry industry trade group Interferry announced Brittany Ferries CEO Christophe Mathieu as the new Chair of its board of directors. He was elected at the association’s annual general meeting on October 27 - held virtually due to COVID-19 travel restrictions - in succession to John Steen-Mikkelsen, former CEO of Denmark’s Danske Faerger. The meeting also confirmed the appointment of a new director extending Southeast Asia representation on the board.Mathieu, an Interferry board member since 2010…

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Thai Exports May Drop 8-10% This Year

Thailand’s exports may fall by 8%-10% this year, slightly better than the 10% fall predicted earlier, due to a gradual recovery in global demand, the Thai shipping association said on Tuesday.Exports, a key driver of Thai growth, should have bottomed out, Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, told reporters.But a persistently strong baht remains a concern, the group said.(Reporting by Orathai Sriring and Kitiphong Thaichareon; Editing by Ed Davies)

Christine Spiten - a passion for ocean #ACTION. Photo Courtesy Norhipping

Interview: Christine Spiten, WWF & Cleaning Up Ocean Plastics

Christine Spiten, Nor-Shipping’s latest #ACTION hero, is profiled here, explaining how she left Blueye for the WWF and a mission to stop the ocean's plastics problem the problem at its source. “Eight million tons.”Christine Spiten lets the number sink in for a second … “That’s how much plastic enters the sea every year from our cities and rivers. It threatens not just local ecosystems and the wider environment, but also us – our food sources, our livelihoods, our very existence. It is the fastest growing environmental problem we face. And it demands action.

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US Preparing Tighter Oil Sanctions on Venezuela

The Trump administration is looking to tighten oil sanctions on Venezuela in the near future, top U.S. envoy for the country told Reuters on Monday, by potentially removing exemptions that allow some oil companies to exchange Venezuelan crude for fuel from the OPEC member.U.S. President Donald Trump has ramped up sanctions on Venezuela's state-run PDVSA, its key foreign partners and customers since it first imposed measures against the company in early 2019, seeking to oust the…

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PDVSA Changes Oil Deals to Include Shipping as Sanctions Bite

Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring in the costs in crude supply deals to help customers who have struggled to hire vessels to carry the country’s oil due to U.S. sanctions, according to company documents seen by Reuters.The United States has blacklisted vessel owners, shipping operators and threatened to sanction any tanker facilitating the country’s oil exports as it tightens restrictions on trade with the South American country.Washington has been trying to weaken socialist President Nicolas Maduro by choking the OPEC member’s oil exports…

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South Korea's July Exports Record Slowest Decline in Four Months

South Korean exports fell the slowest in four months and beat market expectations, data showed on Saturday, a further sign a recovery in Asia’s fourth-largest economy is gaining traction, although threats loom from global flare-ups in the COVID-19 pandemic.Overseas sales fell 7.0% in July from a year earlier, the trade ministry said, the fifth month of decline but much less than June’s 10.9% fall and the 9.7% drop tipped in a Reuters survey.South Korea is the first major exporting economy to release monthly trade data…

(U. S. Coast Guard photo by Casey J. Ranel)

Isle of Man Ship Registry’s QUALSHIP 21 Status Confirmed by USCG

The Isle of Man Ship Registry has retained its place within the United States Coast Guard’s QUALSHIP 21 program, designed to recognize foreign-flagged vessels that maintain the highest safety and quality standards.Isle of Man Ship Registry director Cameron Mitchell said continued inclusion in the scheme through to July 2021 was great news for the registry and its clients, representing further independent verification of the quality of the Manx fleet.Entry into the program is based on data gathered during Port State Control inspections in the United States.

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Sugar Shipping Rush Causes Huge Vessel Logjam in Brazil

More than 70 ships are lined up at Brazil's port of Santos to load sugar for export in a queue that may take a month to clear after buyers worldwide scrambled to get ahead of possible disruption caused by the ravages of the coronavirus pandemic.A large share of the global sugar trade turned to Brazil, which posted record output, and after poor harvests in India and Thailand. The South American nation now has, however, the second-most COVID-19 cases worldwide at more than 610,000.Three bulk carriers had loading operations suspended in recent weeks and faced a 14-day quarantine in Santos…

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Pangaea Takes Top Spot in Dry Bulk Benchmark Study

For the second year straight, US-based Pangaea Logistics ranks highest among dry bulk owners based on Time Charter Earnings (TCE), according to a recent market benchmarking report.Notably, the Rhode Island-headquartered shipowner's 53.7% TCE performance is well above Hong Kong's Pacific Basin Shipping Ltd. (24.3%) and Thailand's Thoresen Thai Agencies (23.5%) in second and third place respectively.The Vesselindex Performance Report by Danish maritime advisors Liengaard & Roschmann…

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Coronavirus Upends Global Food Supply Chains

In the fertile Satara district in western India, farmers are putting their cattle on an unorthodox diet: Some feed iceberg lettuce to buffalo. Others feed strawberries to cows.It’s not a treat. They can either feed their crops to animals or let them spoil. And other farmers are doing just that - dumping truck loads of fresh grapes to rot on compost heaps.The farmers cannot get their produce to consumers because of lockdowns that aim to stop the spread of coronavirus. In India…

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CMA CGM Completes Sale of Eight Terminals

CMA CGM said on Thursday it has completed the sale of stakes in eight port terminals for $815 million to its joint venture with China Merchants Port Group.Late last year, CMA CGM reached a deal with China Merchants to sell stakes in 10 port terminals to the companies' Terminal Link venture for $968 million, as part of efforts by CMA CGM to finance its acquisition of Swiss-based CEVA Logistics and reduce group debt.The first eight terminals included in the transaction are Odessa Terminal (Ukraine)…

Artist impression of BOMC port (Image: BOMC)

Roll Group to Devlop Yard in Indonesia

The Netherlands based heavy cargo specialist Roll Group said it has signed a contract to further develop and open its own yard at Indonesia's Bintan Offshore Marine Center (BOMC).BOMC has offered Roll Group the opportunity to become an exclusive partner in the BOMC yard, which means that Roll Group takes care of the cranes and trailers to further develop the yard.Robin Koenis, Managing Director of Roll Group APAC: "The yard will also have a jetty access, which is perfect for our company with its land/sea combination.

Global Container Demand to Grow by 1-3% in 2020

For 2020, global container demand is projected to grow by 1-3%, as per forecast by A.P. Moller - Maersk.The continued weak global sentiment above all in the manufacturing sector reduces the likelihood of a material growth pick-up in 2020, although sentiment brightened a bit at the end of 2019, and some improvement can be expected on the back of stabilizing inventory dynamics, said the shipping giant.Aside from the cyclical slowing of the global economy, substantial risk to global container demand comes from the effectiveness of fiscal and monetary policy in major economies…

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Cruise Ship Stranded by Coronavirus Fears to Dock in Cambodia

Cambodia has agreed to let a cruise ship, that has been turned away by five countries over fears that someone aboard may have the coronavirus, to dock and disembark its passengers, the Holland America Line said on Wednesday.The MS Westerdam, which has 1,455 passengers and 802 crew on board, will dock at the Cambodian sea port of Sihanoukville on Thursday, the company said.The ship - which says it has no sick passengers - has been turned away from Thailand, Japan, Taiwan, Guam and the Philippines. (Writing by Kay Johnson; Editing by Andrew Heavens)

Ports in Singapore have started screening inbound travelers on passenger and commercial vessels for coronavirus symptoms (© hit1912 / Adobe Stock)

Coronavirus Places Shipping on High Alert

The Wuhan coronavirus outbreak has placed the shipping industry on high alert amid a rising death toll in China and reports that the fast-spreading illness is reaching new shores.The flu-like coronavirus, first identified in Wuhan, Hubei Province, China on December 31, has killed more than two dozen people in China and is believed to have infected more than 900 worldwide, according to several media reports. Cases have been confirmed in Beijing, Shanghai and Guangdong, and internationally in travelers returning from China to Japan…

EGCO Joins Yunlin Project

Thailand-based Electricity Generating Public Company Limited (EGCO Group), has acquired a 25% ownership interest in Yunlin Holding GmbH, the developer of the 640MW Yunlin offshore wind farm project in Taiwan.The electric utility holding company said that its wholly-owned subsidiary Greenwing Energy B.V. entered into a share purchase agreement to acquire a 25% ownership interest in Yunlin Holding GmbH.”The transaction is expected to be closed in the 1st quarter of 2020, subject to completing all closing conditions including consent by Taiwanese authorities…

Asia Boosts IMO Technical Cooperation

The International Maritime Organization (IMO), Thailand’s Ministry of Transport and the United Nations Economic and Social Commission for Asia (UNESCAP) have recently organized the second regional Knowledge Partnership Workshop in Asia in Bangkok,The workshop was designed to support maritime technical cooperation activities in the region.The workshop brought together officials from transport ministries, responsible for maritime affairs, and finance ministries, responsible for official development assistance.

A file image of a CMA CGM boxship (CREDIT: © CMA CGM)

CMA CGM: Terminal Deal with China Merchants Complete

CMA CGM said on Friday it had finalized an agreement with China Merchants Port Holdings Co.

Northland, Shizen Join Forces for Japanese OWP

Canadian energy company Northland Power and the Japanese provides renewable energy project development services Shizen Energy have agreed to set up a joint venture to develop offshore wind projects in Japan.Under the terms of the agreement, the partners will establish a 50:50 joint venture (Chiba Offshore Wind Inc.), which will serve as the development vehicle for the projects. The joint venture is pursuing projects that have a combined capacity of approximately 600 megawatts…

Oil Majors to Raise $27Bln in Selling Spree

Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy’s latest assessment.These companies are actively shedding mature assets on a massive scale in a bid to finance higher-yielding investments elsewhere, with the added benefit of pleasing shareholders who are calling for stricter capital discipline.“The expected transactions mean some of the majors are poised to exit certain regions…

Photo courtesy of AAL

AAL Handles Giant 86m Pressure Vessel

Leading project heavy lift carrier AAL has completed the successful handling and transport of an impressive cargo of South Korean-engineered petrochemical plant components, from Pyeongtaek to Map Ta Phut. The units are to be installed at one of Thailand’s largest integrated producers of olefins and polyolefins - for industries like agriculture, automotive, building & infrastructure and medical - and comprised over 15,000cbm of individual items, the largest of which was a pressure…

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.

ITF Expands into Asia Pacific

The International Transport Workers' Federation (ITF) has established its latest Contacts Network, covering Bangladesh, Cambodia, Malaysia, Myanmar, Pakistan, Papua New Guinea, the Solomon Islands and Thailand.ITF has seen a significant increase in seafarers requesting assistance from countries without an inspector or contact, in recent years.Attempting to resolve these requests is often challenging due to several factors, including the local political context and the effectiveness…

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…