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Thursday, April 2, 2020

Transportation News

© Igor Kardasov / Adobe Stock

IMO Urges Governments to Allow Crew Changes

United Nations shipping agency the International Maritime Organization (IMO) has echoed industry calls for governments to grant special travel exemptions to seafarers in response to the COVID-19 pandemic.In a Circular Letter (link) issued on Monday, the IMO distributed a series of recommendations for governments and relevant national authorities, proposed by a broad cross-section of global industry associations representing the maritime transportation sector.The Circular Letter specifically calls on governments to designate professional seafarers and marine personnel…

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FMC Investigating COVID-19's Suply Chain Impacts

The Federal Maritime Commission issued an order authorizing Commissioner Rebecca Dye to identify operational solutions to cargo delivery system challenges related to Coronavirus-19.The Order notes that “Recent global events have only highlighted the economic urgency of responsive port and terminal operations to the effectiveness of the United States international freight delivery system. Given the Commission’s mandate to ensure an efficient and economic transportation system for ocean commerce…

Photo: GAC Sweden

GAC Sweden Oversees Arrival of Stockholm’s Golden Bridge

GAC Sweden has managed the safe arrival of a 143 meter long golden bridge (“Guldbron”) that will connect Stockholm’s Gamla Stan island with Södermalm on the mainland has safely completed its voyage from China. The bridge is a major feature in the City of Stockholm’s redevelopment of Slussen, the capital's second largest transportation hub.In early December last year, COSCO SHIPPING Lines (Sweden) AB appointed GAC Sweden to act as their local sub-agent to manage the delivery of the 3…

(Photo: Stadt Qingdao)

Qingdao Cruise Terminal Construction Kicks Off

An event officially signalling the start of construction on Qingdao International Cruise Terminal in China was held alongside a global promotion launched to attract investment. At the event, the People's Government of Qingdao signed a cooperation agreement with Shandong Port Group for a RMB10 billion project, and inked contracts with a number of partners for 14 industrial projects with a total investment of RMB31.35 billion.The government of Qingdao's Shibei District is pushing…

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St. Lawrence Seaway/Great Lakes Shipping Season Commences

The St. Lawrence Seaway’s 62nd navigation season kicked off on Tuesday with the transit of the Canadian-flagged cement carrier NACC Argonaut through Lock 8 on the Welland Canal.Then, in the early hours on Wednesday morning, first U.S.-flag commercial vessel transited the locks at Sault Ste. Marie, Mich., signaling the start of the U.S. fleet's 2020 sailing season.The Seaway’s Montreal / Lake Ontario section will open on April 1 this year, eight days after the opening of the Welland Canal.

(Photo: Dredging Contractors of America)

Dredging: Essential Critical Infrastructure Workforce

On Thursday, the U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) released guidance to help state and local jurisdictions and the private sector identify and manage their essential workforce while responding to COVID-19.The Dredging Contractors of America (DCA) helped the federal government develop this first-of-a-kind guidance on Essential Critical Infrastructure Workers.“This is why Government Coordinating Councils and Sector Coordinating Councils are so important.

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China Iron Ore Recoups Losses Amid Stimulus Hopes

 China's iron ore futures erased earlier losses to end flat on Thursday, regaining support as miner Vale SA said it may temporarily halt activities at its Malaysian distribution center as a safety measure against the coronavirus pandemic.Iron ore's most-traded contract on the Dalian Commodity Exchange steadied at 678 yuan ($95.76) a tonne, after tumbling 5.8% earlier in the session.On the Singapore Exchange, the front-month iron ore contract trimmed losses to just 0.3% in afternoon trade from 4.1% earlier in the day.Iron ore supplier Vale said on Wednesday its Malaysian distribution center may

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BIMCO Revises 2020 Forecast

The coronavirus pandemic is impacting global shipping demand for 2020 negatively. The speed of the virus spread makes it difficult to assess the full consequences. Nevertheless, we see a need to update our 2020 forecast to make some of this massive uncertainty tangible.What is going on in addition to the coronavirus pandemic?Geopolitical tensions that made the OPEC+ alliance break down, has subsequently made the crude oil tanker spot freight market erupt. The events that followed the breakdown - and those that are likely to follow…

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Seaspan Marine Transportation Names Wortman CFO

Seaspan Marine Transportation said it has appointed Linda Wortman as Chief Financial Officer.Wortman brings to this position more than 25 years of accounting and finance experience. She joined Seaspan in 2008 as Controller, Marine and was promoted to Vice President, Corporate Finance, Accounting in 2016. Her responsibilities were expanded to include Seaspan’s Corporate Supply Chain Management and Risk and Insurance functions in 2017.

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USCG Advises on Minimizing Novel Coronavirus at Sea

The Coast Guard Assistant Commandant for Prevention Policy has published an update March 16, 2020 to MSIB: Novel Coronavirus – Update (Change 2)An outbreak of respiratory illness caused by a novel coronavirus (COVID-19) may affect mariners and maritime commerce. The Centers for Disease Control and Prevention (CDC) has updated their Interim Guidance for Ships on Managing Suspected Coronavirus Disease 2019 (see https://go.usa.gov/xdfyG) and Cruise Ship Travel (see https://go.usa.gov/xdfVP).Illness…

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COVID-19 and Supply Chain Implications for Ocean Shipping

Only 10 days ago, reports indicated that China cargoes were returning to pre-coronavirus levels, and there appeared to be light at the end of the tunnel. Today, however, a barrage of new headlines has underscored the impact on the rapidly changing global supply chain, including in the United States. In addition to the aggressive spread of the novel coronavirus (COVID-19), new economic developments indicate a decreased trend in global manufacturing. Changes in local economies negatively impacting employees reflect corresponding changes in consumer buying patterns.

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Business Picks up Pace in China, Global Recovery Pace Uncertain

China's business and travel activities are steadily recovering after being disrupted by the coronavirus outbreak, but rapidly rising infections globally will pose a challenge to the country's broader economic resumption.Nomura estimated in a research report on Monday about 61.6% of the firms hardest hit by the health crisis in China have resumed work as of March 8, and 74.1% in the broader economy.China reported on Monday no locally-transmitted cases of infection on the mainland outside of the central province of Hubei…

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FMC Commissioner Sees Some Normalcy Returning to Shipping

A U.S. Federal Maritime Commissioner said he sees some normalcy returning to trans-Pacific shipping amid widespread upheaval brought on by the coronavirus outbreak.Many Chinese manufacturing and logistics services have been severely hampered by the COVID-19 pandemic, in some cases forcing ocean carriers to cancel services to and from China and the U.S.The Federal Maritime Commission (FMC) said it has been monitoring levels of blanked sailings and conferring with ocean carrier representatives about levels of service and the potential resumption of normal trade…

Image: GoodBulk

GoodBulk President Andrew Garcia Resigns

Monaco-based international owner and operator of dry bulk vessels GoodBulk has announced that Andrew Garcia has resigned from his position of president and director.The provider of marine transportation services said in a press release that its board has approved Brentwood Shipping and Trading’s appointment of Carlos Pena, Chief Commercial Officer of C Transport Maritime S.A.M. (CTM), as incoming Director.Pena has over 16 years’ experience in shipping across various areas and within CTM…

Risk Intelligence System data being assessed at the company’s Hellerup offices, near Copenhagen, Denmark: together with its centers in North America and Singapore, Risk Intelligence provides worldwide maritime transportation security intelligence on a 24/7/365 basis. (Photo: Risk Intelligence)

24/7 Voyage Security Risk Assessment … at the click of a mouse

Risk Intelligence provides security data, information, analysis and assessment to enable safe navigation in areas of risk in an increasingly uncertain worldSince its founding in 2001, Denmark-headquartered security information specialist Risk Intelligence has developed a fully integrated risk assessment and planning tool that provides valid, actionable intelligence to any fleet, on land, in port or at sea, 24/7/365. The company has three information and intelligence products that together assess security risks at sea…

Image: Scorpio Bulkers

Scorpio Bulkers Sells 3 Vessels

The provider of marine transportation of dry bulk commodities Scorpio Bulkers has entered into agreements with unaffiliated third parties to sell two ultramaxes and one kamsarmax for about $53.5 million in aggregate.The vessels are the SBI Jaguar and SBI Taurus, 2014 and 2015 built Ultramax vessels, respectively, and the SBI Bolero, a 2015 built Kamsarmax vessel.None of the three vessels have been fitted with scrubbers, said a press release from the Monaco-headquartered firms…

(Photo: Port of Oakland)

Grand Princess Docks in Oakland

Weary passengers aboard a cruise ship idled at sea for days by a coronavirus outbreak erupted in cheers on Monday as the vessel sailed into San Francisco Bay en route to the Port of Oakland and the next, unexpected phase of their voyage - two weeks of quarantine.The 2,400 passengers, who have been largely confined to their staterooms since Thursday, were to begin disembarking on Monday for transport to quarantine stations or hospitals, depending on whether they are well or need immediate medical attention.Except for those with acute illness…

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US Retailers Face $700 Mln Hit as Virus Disrupts Shipping

U.S. retailers face an estimated $700 million sales hit from the coronavirus and some shipping lines are sending vessels to retrieve empty cargo containers from Los Angeles to prevent further supply disruptions.The extended shutdown of factories in China caused by the virus, travel restrictions on workers and canceled sailings by shipping lines have thrown off the movement of containers, resulting in a surplus at the Port of Los Angeles and a shortage in Germany.U.S. retailers'…

Paul Blomerus (Photo: Clear Seas)

Clear Seas Names Blomerus Executive Director

Clear Seas Center for Responsible Marine Shipping announced that Paul Blomerus, PhD, will assume the position of Executive Director, in March 2020.Dr. Blomerus is an internationally-experienced researcher and leader in innovation with a background in industry as well as university research management. Most recently, as a Senior Advisor, Research and Industry Partnerships with the University of British Columbia (UBC), he developed two research clusters focused on clean energy and marine systems. Dr.

Image: Seanergy Maritime Holdings

Seanergy Maritime Gets Refinancing

The Greek provider of marine dry bulk shipping services Seanergy Maritime Holdings Corporation announced that it received approval, in form of commitment letters, from one of its existing lenders to extend the maturity of two loan facilities.According to the Nasdaq listed pure-play capesize ship-owner said that the loan facilities are secured by the M/V Leadership and M/V Squireship and their respective maturities are extended from March 17, 2020 and November 10, 2021 to December 31…

Image: Evergreen Line

Evergreen Line Launches New Digital Platform

Taiwanese container transportation and shipping company Evergreen Line has launched a new digital platform designed to provide customers with seamless booking capabilities and greater access to integrated trade services.Evergreen Line said in a press note that GreenX platform provides a digital portal for Evergreen customers to get instant quotes and book secured space with prioritized equipment supplied by the carrier.From the time of its soft launch last month, GreenX has received nearly 2…

Image: Safe Bulkers

Safe Bulkers Updates Charter Arrangements

International provider of marine drybulk transportation  Safe Bulkers said that two of its vessels - MV Kypros Sky and MV Kypros Spirit - were sold and leased back recently on a bare-boat charter basis for a period of eight years.The Monaco-headquartered company said that with purchase options are in its favor  commencing three years following the commencement of the bare-boat charter period and a purchase obligation at the end of the bare-boat charter period, all at predetermined…

Photo:  Ports & Maritime Organization

Iran Invests $857Mn in Maritime Industry

Iran's Ports and Maritime Organization (PMO) has allocated 36 trillion rials (about $857.2 million) allocated 36 trillion rials ($857.2 million) to develop the country's maritime industry, including the construction of 83 vessels.Mohammad Rastad, head of PMO said that PMO has taken significant measures regarding the improvement of the country’s maritime industry.The maritime industry transformation plan was prepared by the Ministry of Transportation and Urban Development in collaboration with the Defense Ministry back in 2019.According to Rastad…

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US Offering $225 Mln for Ports Infrastructure

The U.S. Department of Transportation (DOT) announced a Notice of Funding Opportunity (NOFO) to apply for $225 million in discretionary grant funding through the Port Infrastructure Development Program (PIDP).“America’s ports are a critical part of the Nation’s multimodal transportation network and this Notice of Funding Opportunity provides guidance on how to apply for these grants,” said U.S. Transportation Secretary Elaine L. Chao.The Port Infrastructure Development Program supports U.S.

Image: Maersk

Maersk Moves Indian Grapes to Europe

The global container company A.P. Moller – Maersk has started end-to-end cold chain logistics solution for its customers exporting grapes from Nashik and Sangli in India to North Europe.With this new offering, Maersk is enabling the exporters from the region to supply high quality Indian grapes to global market and helping fetch higher returns for the farmer community in and around the Nashik district. Leveraging its variety of services throughout the supply chain, Maersk is improving…

Dry bulk carriers are the majority (195 ships/25.3 million DWT) of the "K" Line fleet. Photo: "K" Line

Interview: Toyohisa Nakano Discusses "K" Line Green Initiatives

Last year Kawasaki Kisen Kaisha, Ltd. (“K” Line) – one of the world’s largest and most influential ship owners with 478 ships comprising 40.5 million DWT and more than 6,000 employees – celebrated its 100th anniversary. Toyohisa Nakano, Executive Officer, in charge of Ship Technical and Environmental Affairs for “K” Line, is a 30+ year veteran of the company. He discusses with Maritime Reporter & Engineering News the ship owner’s strategy to meet ever-tightening ship emission regulations.Please provide an overview of the ships you have on order today.We placed an order for 210…