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Tuesday, May 11, 2021

United States News

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Bunge Announces Creation of Brazil Freight Digital Tool

Brazil's unit of U.S.-based grain trader Bunge announced on Thursday a partnership with logistics and technology provider Target for creation of a company focusing on the hiring of road freight digitally.The company will be called Vector, and the move comes one year after the launch of an application of the same name that was developed for Bunge to hire freight more efficiently.Brazil, the world's largest soybean producer and exporter, still largely relies on trucks to move grains…

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Low Water Levels Hamper Shipping on the Parana River

Argentina's Parana River, the grains superhighway that takes soy and corn from the Pampas farm belt to the world, has gotten so shallow that it has started "trimming" international shipments just as the country's export season gets underway.The level of the Parana at the export hub of Rosario, home to some of the biggest soy crushing plants in the world, was a scant 0.90 meters on Wednesday, according to the Coast Guard.Between 1996 and 2020 the median depth of the river at Rosario in April was a much deeper 3.58 meters.

(Photo: Port of Corpus Christi Authority)

Port of Corpus Christi Inks LNG Bunkering Deal with Stabilis

One of the United States' top oil export ports said it plans to build infrastructure for bunkering vessels fueled by liquefied natural gas (LNG).The Port of Corpus Christi Authority said it inked a memorandum of understanding (MOU) with Stabilis Solutions to facilitate the use of LNG as a marine fuel at the U.S. Gulf Coast port as vessels running on the cleaner-burning fuel become increasingly prominent among the world shipping fleet.The Port of Corpus Christi said some of the…

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Maersk Expects Container Shipping Tailwind to Last Amid High Demand

Denmark's Maersk said on Wednesday it expected its "exceptionally strong" performance in the first quarter to continue for the rest of the year, driven by high demand for shipping containers from China to the United States.Maersk, which handles about one in five containers shipped worldwide, said there were not enough ships available in the world to meet a surge in consumer demand, resulting in record-high freight rates.The firm's shares traded 4% higher at 0921 GMT, near a record high reached last week."The situation today is that our customers are trying to meet a very…

(Photo: Carrier Transicold)

Atlantic Container Line Buys 150 Reefer Containers

Gaining new operational advantages and efficiencies for its refrigerated shipping operations, Atlantic Container Line (ACL) is acquiring 150 new containers equipped with Carrier Transicold PrimeLINE refrigeration units featuring the Lynx Fleet digital solution. Carrier Transicold is a part of Carrier Global Corporation (NYSE: CARR), the leading global provider of healthy, safe and sustainable building and cold chain solutions.ACL, which is part of the Grimaldi Group, headquartered in Naples, Italy, is adding the new 40-foot, high-cube refrigerated containers for fleet expansion.

(File photo: Landbridge Group)

Australia Reviewing Lease of Darwin Port to Chinese Firm

Australia is reviewing the 99-year lease of a commercial and military port in the country's north to a Chinese firm, a government source said on Monday, a move that could further inflame tensions between Beijing and Canberra.Australia overhauled its foreign investment laws late last year, giving the government the retrospective power to impose new conditions or even force a divestment on deals that have already been approved.Defense officials are looking into whether the Landbridge Group…

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CDC 'Committed' to Restarting US Cruise Operations by Mid-summer

The U.S.

Fleet Master Chief Bill Smalts, U.S. Navy (Photo: U.S. Navy)

Smalts Designated SNA's 'Old Tar'

The Surface Navy Association’s (SNA) "Old Tar" designation, honoring the U.S. Navy Enlisted Surface Warfare Specialist (ESWS) serving on active duty with the earliest qualification date, has passed to Fleet Master Chief Bill Smalts. Smalts is currently assigned as the Fleet Master Chief, Commander, United States SECOND Fleet, Norfolk, Va.Smalts is now the 14th individual to receive the Old Tar honor having relieved Force Master Chief David B. Carter, who has recently retired."This award is a recognition of the leadership, experience and expertise possessed by a knowledgeable mariner.

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Maersk Lifts Outlook on Surging Demand

Shipping group Maersk lifted its full-year forecasts after a strong first-quarter performance driven by high demand which has led to supply bottlenecks and higher freight rates.Shares in Maersk rose 5% in early trading.Maersk raised its outlook for underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) to $13-15 billion from $8.5-10.5 billion.It expects underlying EBIT of $9-11 billion, up from 4.3-6.3 billion previously, Maersk said in a statement released late Monday."The continued strong performance is mainly driven by the continuation of the exceptional market s

Lance C. Lemcool has accepted the position as vice president of commercial sales and marketing at ESG. (Photo courtesy ESG)

Lemcool Joins Eastern Shipbuilding Group

Eastern Shipbuilding Group, Inc. (ESG) announced that Lance C. Lemcool has accepted the position as vice president of commercial sales and marketing. “Lance is a welcome addition to the ESG leadership team”, said Joey D’Isernia, president of Eastern Shipbuilding. “He is versed in nearly all areas of shipbuilding and his experience will be well applied to maintaining our status as a world class builder of government and commercial vessels.”Lemcool, a veteran of the United States Air Force and United States Navy, started his career in the marine industry in 1989.

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US to Join Global Effort to Decarbonize Shipping Industry

The United States will join an international effort to achieve zero emissions by 2050 in the global shipping industry, climate envoy John Kerry announced ahead of a summit of world leaders President Joe Biden will host this week."We're going to look to the ocean to continue to help reduce pollution," he told a conference hosted by the Ocean Conservancy on Tuesday.The United States will join Saudi Arabia as the only two countries to formally pledge to work toward the International…

About 154 graduates of The Apprentice School at Newport News Shipbuilding were honored during graduation exercises on April 17, 2021. Due to COVID 19, the ceremony was held outdoors at the Hampton Roads Convention Center to ensure the safety of all graduates and guests, as well as event staff. Photo by Ashley Cowan/HII

Shipbuilding: HII Celebrates 154 Apprentice School Grads

Huntington Ingalls Industries (NYSE:HII) hosted commencement exercises on Saturday, April 17, 2021, for 154 graduates of the company’s Apprentice School at Newport News Shipbuilding. Due to the COVID-19 environment, and in an effort to keep all employees, staff, graduates and their guests safe, the ceremony was held outdoors at the Hampton Roads Convention Center in Hampton.“A drive-in movie-style graduation is likely not what you expected, but I think it’s pretty safe to say that the past year in many ways isn’t what any of us expected…

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China is Paying a High Price for Its Ban on Australian Coal

China is paying a high price for its unofficial ban on coal imports from Australia, with the cost of domestic and alternative foreign supplies rising for both thermal and coking grades of the fuel.China, the world’s biggest importer, producer and consumer of coal, has effectively ended imports from Australia, the biggest shipper of coking coal used to make steel and number two in thermal coal used to produce electricity, as part of an ongoing political dispute between the two nations.The restrictions on imports from Australia came into effect in the second half of last year…

(Photo: Port of Rotterdam)

Global Supply Lines Struggle to Clear Container Backlog After Suez Chaos

A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources say.Dozens of container ships were stuck when the 400-metre-long (430-yard) Ever Given ran aground in the canal on March 23, with specialist rescue teams taking almost a week to free the vessel.The suspension of sailings through the waterway left shipping companies - including container lines - with millions of dollars in extra costs…

(Photo: BlackSky)

Suez Blockage May Lead to Large Reinsurance Claims, Broker Says

The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.Formal investigations began this week into how the giant container ship Ever Given ran aground in the canal, shutting down shipping in the major global waterway for almost a week.The incident and its impact on hundreds of ships delayed in the canal would be a “large loss” for insurance market Lloyd’s of London…

(Photo: CBP)

Cocaine Seized From Bulker Anchored Near Annapolis

More than 44 pounds of cocaine was seized from a Marshall Islands-flagged bull carrier anchored in the Chesapeake Bay near Annapolis, Md., on Wednesday.The drugs were discovered during an early morning examination by officers and agents from the DEA, U.S. Customs and Border Protection, Homeland Security Investigations, U.S. Coast Guard, and Maryland Department of Natural Resources Police aboard the 958-foot Samjohn Solidarity. The 20 bricks of cocaine found concealed inside the vessel’s anchor locker has a street value of more than $1 million.No arrests were made…

(Photo: BlackSky)

Suez Crisis Adds to Pandemic Supply Worries

A stranded container ship blocking the Suez Canal threatens to make it even more difficult for European and U.S. retailers to keep products in stock during the coronavirus pandemic.The Suez Canal saga that began on Tuesday and could go on for weeks, is just the latest crisis to strike the global supply chain that was upended when coronavirus shutdowns spurred house-bound consumers to upgrade appliances, sofas, televisions and backyards.IKEA, the world’s largest furniture seller…

Photo courtesy MM Seas

TECH FILE: Software Helps Merchant Mariners with USCG Credentials

MM-SEAS is the reportedly the first software that automates the manual task of obtaining, tracking and renewing U.S. Coast Guard (USCG) credentials, helping to eliminate paperwork processing errors while delivering merchant mariner career guidance.Civilian mariners are required to have valid USCG Merchant Mariner Credentials (MMC) to be onboard any commercial or federal ship in the United States. Credentialing is a complex and vague process. From 2012 to 2018, 44.9 percent of approximately 500…

(Photo: BlackSky)

The Suez Canal: A Vital Transit Route With an Ancient History

The Suez Canal, blocked by a giant container ship that ran aground on Tuesday, is the quickest sea route between Asia and Europe and about 15% of global shipping traffic moves through it.The 193-km (120-mile) waterway, run by the state-owned Suez Canal Authority, is a vital source of foreign currency for Egypt.How much oil goes through the canal?Of the 39.2 million barrels per day (bpd) of crude oil imported by seaborne methods in 2020, 1.74 million bpd went through the Suez Canal…

(Photo: Suez Canal Authority)

Suez Canal Blockage Adds Strain to Global Supply Chains

A stuck container vessel in the Suez Canal, which has blocked the flow of goods through the narrow channel, will add strain to global supply chains already stretched by rebounding economic activity and tight shipping container supplies, analysts said on Friday.The 400-metres long Ever Given container vessel has been stuck in the canal since Tuesday, suspending traffic of containers transporting goods, parts and equipment through the shortest sea link between Europe and Asia.The…

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Congestion at Brazil's Largest Port Leaves Traders Scrambling

Soy and sugar traders are fighting for room in Latin America’s largest port, rushing to secure loading slots as the slowest Brazilian soy harvest in 10 years pushes the grains export window into the sugar season.Congestion was hitting Brazil’s Santos port just as consumers worldwide have been turning to top exporter Brazil for sugar and soybean supplies. The glut of shipments waiting to leave is boosting transport costs and will likely delay arrivals at destinations.Sugar prices hit a four-year high late last month, boosted by supply tightness.

(Photo: DP World)

DP World Optimistic for 2021 Amid Pent-up Demand

Ports operator DP World gave an optimistic outlook for 2021 on Thursday, citing pent-up demand for cargo and an easing of geopolitical tensions after the change of U.S. administration.Sultan Ahmed bin Sulayem, who is chairman and chief executive of the Dubai state-owned global ports operator, said that demand and supply chain capabilities had also improved as a result of the coronavirus pandemic.“You are always cautious ... (but) the outlook this year looks good for many reasons…

Katherine Tai (Photo: The White House)

Katherine Tai Confirmed by Senate as US Trade Chief

The U.S. Senate on Wednesday voted unanimously to confirm veteran government trade lawyer Katherine Tai as the first woman of color to serve as U.S. Trade Representative, putting her to work enforcing trade deals, confronting China’s trade practices and patching up ties with U.S. allies.The rare 98-0 vote for Tai, a Yale and Harvard-educated daughter of immigrants from Taiwan, reflects support from pro-labor Democrats, traditional free-trade Republicans and China hawks from both parties.Tai…

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Panamax Bulk Carrier Rates Hit Over 10-year High

The Baltic Exchange's main sea freight index on Wednesday climbed to a near 1-1/2-year high as panamax rates scaled a more than 10-year peak on China grain demand.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 88 points, or 4.4%, to 2,105, a peak since September 2019.The panamax index gained 211 points, or 8.9%, at 2,583, its highest since September 2010.Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60…

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Strong Offshore Wind Lifts U.S. Maritime, Port, and Logistics Companies

After several false starts, 2021 is the year when the U.S. offshore wind industry begins to realize its potential. This is according to Philip Lewis, Director of Research, World Energy Reports (WER).In an interview with Maritime Reporter TV's Greg Trauthwein, Lewis, whose WER is set to release an intelligence pack that presents a roadmap to the opportunities in the U.S. offshore wind space, says that at least 30 major offshore wind projects are forecast to be developed within this decade.

(Photo: CMA CGM)

CMA CGM to Expand LNG-powered Fleet to Transpacific Route

Container shipping line CMA CGM is to expand its fleet of natural gas-powered vessels to cover the busy trans-Pacific route between China and the United States as part of a push to use the fuel to reduce pollution, the group said on Thursday.CMA CGM will deploy by next year six chartered ships with a capacity of 15,000 20-foot equivalent units (TEU) each on its China-Los Angeles service, representing the largest liquefied natural gas (LNG) fueled vessels to call in the United States, it said in a statement.The deployment will bring to 32 the number of LNG-powered ships in CMA CGM’s fleet and a