Marlink, Intelsat Renew Connectivity Pact
Marlink and Intelsat have announced that the companies have agreed to a multi-year renewal and expansion of their partnership to provide broadband services to maritime vessels around the world. The multi-year agreement will deliver additional throughput to vessels via multiple layers of space-based coverage, ensuring that ship owners and operators have the flexibility and access to reliable, high-quality, always-on connectivity.Initiated in 2014, the partnership between Marlink and Intelsat enabled Marlink to enhance its extensive portfolio of maritime VSAT services.
Korean Shippers Jointly Pitch for Qatari LNG Newbuilds
Five South Korean shipping companies - Korea Line, Pan Ocean, SK Shipping, Hyundai LNG Shipping and H-Line Shipping - could partner up to secure liquefied natural gas transportation services for Qatar’s LNG production capacity expansion project.Qatar Petroleum is expected to put up shipping contracts for at least 40 LNG carriers by the end of the year for its North Field Expansion project, which aims to increase the nation’s LNG production capacity from 77 million tons to 110 million tons per annum starting in 2024.According to Yonhap, the Qatari state-run company will need an additional 60 L
CNOOC Seeks Replacements for Sanctioned COSCO LNG Tankers
China National Offshore Oil and Gas Company (CNOOC) is on the hunt for liquefied natural gas (LNG) tankers to charter, several industry sources told Reuters, looking to replace ships it had previously hired that are linked to a Chinese company sanctioned by the United States for allegedly transporting Iranian oil.The company, COSCO Shipping Tanker (Dalian), is one of four Chinese firms on which the Trump administration imposed sanctions on Sept. 25, in what it described as the biggest sanctions taken by the U.S.
Ocean Yield Buys Ethylene Gas Carrier
Norwegian shipowner Ocean Yield ASA has agreed to acquire Navigator Aurora, a 37,300 cbm ethylene gas carrier owned by Navigator Gas.According to agreement, the ship will be purchased for a total consideration of USD 69.75 million net of a seller’s credit, with a 13-year bareboat charter to a company 100% owned and guaranteed by Navigator Holdings - Navigator Gas.The vessel is expected to be delivered to the Company during October 2019. Navigator Gas has certain options to acquire the vessel during the charter period.
MISC Secures ExxonMobil LNG Tanker Contract
MISC Berhad (MISC) through its wholly-owned subsidiaries have secured agreements with Exxon Mobil Corporation’s wholly-owned subsidiary, SeaRiver Maritime LLC (SeaRiver) for the time charter contracts of two Liquefied Natural Gas (LNG) carriers.Each of the LNG carriers will respectively serve the transportation needs of ExxonMobil’s worldwide LNG portfolio on a 15-year charter contract.Prior to this, MISC, through the same subsidiaries have also signed an agreement with Samsung Heavy Industries Co., Ltd. (SHI) for the construction of the LNG carriers in Korea.
NYK to Improve Dry Bulk Fleet Safety
Japanese shipping company Nippon Yusen Kaisha (NYK) held its annual Dry Bulk Safety Conference at the company’s headquarters in Tokyo to share safety awareness and review trouble response for dry bulk vessels.A total of 75 participants from 41 Japanese shipowners and ship-management companies attended.The conference has been held every year since 2010 to promote safety through the exchange of ideas and the sharing of information about recent incidents with shipowners and ship…
COSCO Tankers Disable AIS as Sanctions Bite
About one-third of the oil tankers owned by COSCO Shipping Tanker (Dalian) have shut off their ship-tracking transponders since the United States imposed sanctions on the company for allegedly shipping Iranian crude, shipping data showed.From Sept. 30 to Oct. 7, a total of 14 COSCO Dalian ships, six of which carry some oil, stopped sending location data from their automatic identification system (AIS), ship tracking data on Refinitiv Eikon showed. The U.S. imposed the sanctions on Sept.
Konecranes Appoints New CEO and President
Konecranes, which specialises in the manufacture and service of cranes and lifting equipment, has appointed a new president and CEO, Rob Smith, who will take over his new role as of February 1, 2020.As of today, the Finnish company's CFO, Teo Ottola, who also serves as Deputy CEO, will be acting as the interim CEO until Rob Smith starts in the position."Konecranes has concluded the integration following the MHPS acquisition that took place almost three years ago. The company is now ready for the next phase in its development…
CMA CGM Set to Launch Guinea Gulf Express
French container transportation and shipping company CMA CGM plans to introduce its new product GUINEA GULF EXPRESS (GGX) service in complement of the current 6 weekly services as part of improving its offer on the trade Europe and Mediterranean to West Africa strategic markets.The new Guinea Gulf Express is the second service from Gibraltar hubs linking European, Med and North America to Tema, Ghana, Nigeria Lagos port and Conakry, Guinea.It will provide perfect answers to Customers’ needs with transit times amongst the best on the market…
Fitch: Growth Could Level Off for U.S. Transportation
Growth prospects remain healthy for all three major U.S. transportation segments heading into next year, though the trajectory figures to level off somewhat according to Fitch Ratings in its latest annual report. The broader economy is proving to be resilient thus far amidst increased recession talk. Factors more likely to curb the rate of growth are more sector-specific ion nature, according to Transportation and P3s group head Scott Zuchorski. "Aircraft safety is under increased scrutiny…
Dachser Opens Argentina, Chile Offices
Due to the continuous growth of its South American operations, global logistics provider Dachser recently relocated both its Buenos Aires, Argentina regional office as well as its Santiago, Chile regional office to larger facilities.“The business in both Argentina and Chile is expanding and we simply outgrew our offices in these countries. We needed more employees, equipment and space to properly handle the business we have today as well as prepare for the growth we anticipate in these markets,” said Guido Gries, Managing Director Dachser Americas.
Marlink ITLink for J. Lauritzen Gas Carriers
Danish shipping company J. Lauritzen has selected Marlink to deploy fully integrated and managed IT services on all Lauritzen Kosan managed gas carriers. The solution will be based on Marlink’s ITLink portfolio, with the KeepUp@Sea platform enabling automation of software and security updates, network and PC health monitoring and remote access for fast issue resolution. Once implemented, Lauritzen Kosan will benefit from a fully standardized ICT setup across its fleet, and have…
Disruptions to Global Shipping Industry Explained
Oil shipping rates are soaring following a series of sanctions on a Chinese transportation giant and limitations placed on movement of Venezuelan crude oil tankers.WHAT HAS HAPPENED TO SHIPPING RATES?The cost of chartering a supertanker to send crude oil from one country to another is rising sharply. A South Korean importer paid more than $12 million in shipping costs for one crude shipment from the U.S. Gulf Coast. This was followed by Friday's tentative charter of another crude…
Autonomous Ships Market: $134.9B by 2030
The global autonomous ships industry is expected to generate $134.9 billion by 2030, witnessing a CAGR of 4.4% from 2020 to 2030.This projection is premised on an increase in demand for cargo transportation from marines and surge in operational safety of ships drive the growth of the global autonomous ships industry, according to a report published by Allied Market Research.Based on region, Europe is expected to register the largest growth rate with a CAGR of 4.9% from 2020 to 2030.
Maersk Taps New Trade Deals in Odisha
Maersk completed its first import shipment to Sambalpur from the Inland Container Depot (ICD) in Jharsuguda (Odisha). The shipment carrying 80 TEUs was delivered to Shyam Metalics. Whilst a few of the top customers in the region have already moved containers on the import side - with more in the pipeline, this delivery is testament to Maersk’s efforts to unlock new trade opportunities in Odisha by leveraging the operational commencement of the ICD situated in Jharsuguda.All major metal customers have shown interest in the import leg as well since there is a clear value to it.
Klaveness Partners BHP on Shipping, Logistics Platforms
BHP’s Maritime and Supply Chain Excellence team and Klaveness Digital have partnered to develop CargoValue, a shipping and logistics platform, to improve the way the industry collaborates and shares scheduling and vessel information.The concept will enable BHP and its partners to access the same shipping information in real-time, customers on the platform can also see the shipping schedule and calculate impact on their inventory and production.As a first proof of concept, BHP…
MOL Group AI-Based Car Loading Plan
Mitsui O.S.K. Lines, Ltd. and its group company MOL Information Systems, Ltd., in collaboration with Associate Professor Shunji Umetani of the Graduate School of Information Science and Technology at Osaka University, have developed a vessel allocation and cargo loading plans for car carriers based on ‘mathematical optimization,’ articficial intelligence (AI) technology to enable the company’s personnel to complete vessel allocation and loading plans more quickly than previously possible.MOL operates about 100 car carriers with…
Mitsubishi Wins Order for Two Ferries
Mitsubishi Shipbuilding Co., Ltd., a group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, has received orders for two large, high-speed ferries from Shin Nihonkai Ferry Co., Ltd. The vessels will be constructed at the Tategami Main Plant of MHI's Nagasaki Shipyard & Machinery Works, scheduled for completion and delivery in 2021.The two ferries on order will be 222.5m long, 25m wide, 20.4m deep, with draft of 7.4m and gross tonnage of approximately 15,400. Each vessel features capacity of 268 passengers, 154 trucks (12m length) and 30 passenger cars approximately.
New Report on Future for River Thames
A new report jointly produced by the Port of London Authority (PLA) and Greater London Authority (GLA) says a new vision could maximize the contribution the River Thames makes to culture in the UK capital. ‘’ sets out how clear direction could make the most of the river’s cultural attractions for the benefit of the city’s population and visitors alike.The report aligns with GLA’s priorities for promoting the city and the PLA’s wider Thames Vision, which was launched in 2016, setting out six targets for the economic, environmental and social resurgence of the river, to be delivered by 2035.
P&O Ferries Invests In Next-Gen Ferries
P&O FERRIES has signed a contract with Guangzhou Shipyard International Ltd worth $285 million for two new 230-meter super-ferries – the largest ever to sail between Dover and Calais – that will be operational by 2023. The contract includes options to build two further vessels by 2024. P&O Ferries said the investment would secure the company’s position as a leading provider of transportation for people and goods between Britain and the Continent:“These will be the most sustainable ships ever to sail on the English Channel…
Keppel Sells Logistics Units to Sinotrans
Keppel Telecommunications & Transportation (Keppel T&T) has entered into agreements to divest its entire stakes in Keppel Logistics (Foshan) Co (KLF) and Keppel Logistics (Hong Kong) to Sinoway Shipping, a subsidiary of Sinotrans Limited, for about S$39 million.Expected to be completed in 2019, the proposed divestments are in line with Keppel T&T's strategy to unlock value and recycle capital, allowing the company more flexibility to pursue other opportunities.Thomas Pang, CEO of Keppel T&T…
Oil Freight Rates Rocket After U.S. Sanctions COSCO
Oil freight rates in the Middle East and Asia have increased by almost 20 percent today following new US sanctions on units of Chinese company COSCO for its alleged involvement in ferrying crude oil out of Iran.In what the U.S. State Department has described as “one of the largest sanctions actions the U.S. has taken” since restrictions were re-imposed on Iran in November 2018, two units of COSCO, as well as other companies, were named in claims of involvement in sanctions-breaking Iranian oil shipments.Asian oil buyers have been rushing to the shipping market to charter vessels…
Wallenius Wilhelmsen CEO Supports Diversity
Craig Jasienski, President & CEO of international RoRo shipping and transportation logistics specialist Wallenius Wilhelmsen, recently appointed as a member of the Women’s International Shipping & Trading Association (WISTA), has stated that he believes that to build a sustainable future for shipping and logistics, diverse views, experiences and perspectives need to be brought together in a workplace “where everyone can thrive” and that he hoped to see many more men join WISTA…
CPLP Fixes Agamemnon with MSC
Greek shipping company Capital Product Partners L.P. (CPLP) announced that its vessel, M/V ‘Agamemnon’ commenced new long-term time charter with Mediterranean Shipping Company Co. S.A.The 108,892 dwt / 8,266 TEU container carrier Agamemnon was built in built 2007 in Daewoo Shipbuilding & Marine Engineering Co., Ltd., South Korea, said a press note from the shipping company engaged in the seaborne transportation of a wide range of cargoes, including dry cargo and containerized…
Svitzer Names Van Dijk CCO Americas
Svitzer has appointed Arjen Van Dijk as Chief Commercial Officer (CCO) for the Americas region.With more than 15 years in global shipping and transportation, the 43 year old Dutch maritime professional brings to Svitzer extensive knowledge and insights. He speaks Spanish and has lived and worked in both Argentina and Colombia and has worked in various other Latin American countries. Arjen Van Dijk is joining the Management Team in Svitzer’s regional head office in Miami.
Itajaí Hits Record Ro-Ro Operations
Celebrating its first year of Roll-on Roll-off (Ro-Ro) operations, APM Terminals Itajaí, Brazil discharged more than 31,000 vehicles this month. The Terminal also recorded a productivity record, unloading 961 vehicles from the American Highway ship at 05.40 on September 7.Traditionally focused on container operations, the opportunity to handle Ro-Ro cargo arose in March 2018. The prospect of diversifying their portfolio was seized by the terminal, after identifying that many of the facilities…