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Tuesday, January 21, 2020

Us East Coast News

Pic: ZIM Integrated Shipping Services

ZIM Back into Black

Israeli international cargo shipping company ZIM Integrated Shipping Services continued to record improvements and to expand its global network to its customers confronting  challenging business environment.ZIM has reported a net profit of USD 5 million for the third quarter of 2019, after returning to black in the second quarter of the year. (Compared: Net loss of $6.6 million in Q3 2018).Eli Glickman, ZIM President & CEO, said: “In spite of the challenging market conditions, ZIM continued to record improved results in Q3, as it did throughout 2019.

Pic: TORM

Product Tanker Freight Rates Rebounds

Product tanker freight rates softened in the third quarter of 2019 but rebounded strongly at the start of the fourth quarter following an increase in crude tanker rates that began after the attacks on Saudi Arabian oil facilities and accelerated dramatically to multi-year high levels at the end of September when the US imposed sanctions on two subsidiaries of China's COSCO Shipping.Denmark-based TORM said that growth in global demand for oil products generally remained subdued…

Three new ship-to-shore cranes with 155 feet of lift height arrived at S.C. Ports today, further increasing big-ship capabilities. (Photo/English Purcell/S.C. Ports Authority)

New Ship-to-shore Cranes Arrive in Charleston

South Carolina Ports Authority continues its multiyear modernization efforts with the arrival of three new ship-to-shore cranes for the Port of Charleston's Wando Welch Terminal in Mount Pleasant, S.C. The towering trio arrived in Charleston Harbor on Thursday two-month journey from China aboard the heavy lift vessel Zhen Hua 28 after a two-month journey from Shanghai Zhenhua Heavy Industries (ZPMC) in China. The cranes will remain at Columbus Street Terminal in downtown Charleston for several days before being transported to Wando Welch Terminal…

Image: Kalmar

Kalmar Supplies Hybrid Shuttle Carriers to Virginia Port

Kalmar, part of Cargotec, has announced that it will supply 25 Kalmar Hybrid Shuttle Carriers to the Port of Virginia, a growing, deep water port on the U.S. East Coast.The $23 million (USD) order was booked in Cargotec's 2019 Q3 order intake, and represents the exercising of a contract option for further units that was agreed upon in 2017. Delivery of the new machines is scheduled to be completed by the end of July 2020.The new units will be delivered to Norfolk International Terminals (NIT)…

Image: Ocean Yield ASA

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.

File Image: Panama Canal (Credit AdobeStock / © evenfh

Panama Canal Reports Record FY 2019 Tonnage

The Panama Canal has closed the 2019 fiscal year (FY19) with a record tonnage of 469 million Panama Canal tons (PC/UMS), a 6.2 percent increase compared to FY2018.With this figure, the waterway exceeds the 450.7 million PC/UMS tons projection for FY2019, as well as the record tonnage of 442 million PC/UMS tons registered in the previous fiscal year. These record-setting results reflect the Canal workforce's commitment to efficiency and ongoing investments in infrastructure, which will allow the waterway to meet the growing demand and offer a reliable and safe service to customers.

Graph: Photo, CTS

BIMCO: Fleet Growth, Ship Size Up

Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter.Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter. Despite this rise, the growth figure remains substantially below what the industry has been used to…

The 656-foot vehicle carrier MV Golden Ray overturned and caught fire in St. Simons Sound on September 8. (Photo: U.S. Coast Guard)

Video: RoRo Vessel Overturns Off US East Coast

Four crew members are missing from a roll-on/roll-off cargo vessel that is disabled, overturned and has caught fire near Brunswick, Georgia, the U.S. Coast Guard said on Sunday.Twenty people have been safely removed from the ship, and the Coast Guard said it is working with local partners to locate the four crew still missing from the 656-foot vehicle carrier, MV Golden Ray, which began listing heavily and capsized with 23 crew and one pilot on board in St. Simons Sound early on Sunday morning.The Coast Guard said it was notified of the capsizing by a 911 call around 2 a.m.There were 4…

Credit: Port of Cleveland

BREAKBULK SHIPPING: Breakbulk Breaks the Mold

In the cargo shipping world, there’s the bulk sector, the container segment, and then, there is “everything else.”When it comes to ‘everything else,’ breakbulk is the cargo that resides in between, comprising much of that remainder, including forest products (lumber, baled pulp) and steel. Breakbulk may, at times, share space on multipurpose vessels that also handle heavylift and project cargo, but can also be transported on vessels that handle drybulk. Prior to the advent of containerization, bales, barrels and pallets dominated.

Pic: ZIM

ZIM Back in the Black

Israeli container line ZIM Integrated Shipping Services Limited reported a total revenues of  $834.3 million in Q2 2019, reflecting an increase of 3.9% compared to $803.2 million in Q2 2018.In Q2 2019, ZIM carried 731 thousand TEUs, the second highest ever carried volume (reflecting a decrease of 5.3% compared to 772 thousand TEUs in Q2 2018, ZIM’s all-times record), said a press note.The container shipping industry is dynamic and volatile and has been marked in recent years by instability…

Photo: Georgia Ports Authority

Intermodal Cargo up 10.5% in Savannah Port

The Port of Savannah set a record for intermodal cargo last month, handling 47,255 rail lifts, an increase of 10.5% over July of last year.According to Georgia Ports Authority (GPA), over the past three years, the Port of Savannah has grown its rail volume by 35.4 percent, completing more than 507,000 intermodal lifts in the fiscal year that ended in June.“We’re moving containers from ship to outgoing rail in less than 24 hours at the Port of Savannah,” said GPA Executive Director Griff Lynch.

Photo:JAXPORT

JAXPORT Welcomes FDOT Secretary

The Jacksonville Port Authority (JAXPORT), Florida,  said that its Chief Executive Officer Eric Green and other port executives welcomed Florida Department of Transportation Secretary Kevin Thibault for an update on port growth and a waterside tour of ongoing port projects.JAXPORT said that the visit included a look at how the projects—from berth enhancements to Mile Point and harbor deepening—work together to make Jacksonville’s seaport more competitive, bringing jobs and revenue to Northeast Florida.The tour began with a stop at Berths 33 and 34…

Map: American Association of Port Authorities

Port of Boston Sets New Record

The Massachusetts Port Authority (Massport) announced another record year for the Port of Boston’s Paul W. Conley Container Terminal.From July 2018 through June 2019, Conley handled 307,331 twenty-foot equivalent units (TEUs) – an 8% increase in cargo volumes over FY2018 and a new all-time record for the fifth consecutive year. Total imports also rose by 12% over FY18 to 152,960 TEUs in advance of pending tariffs.“We are proud of Conley’s continued growth and success, which reflect the region’s strong economy and Conley’s high levels of productivity…

3 Ships at VIG (Photo: Port of Virginia)

Port of Virginia Completes $320M Expansion

Governor Ralph Northam announced the completion of the Port of Virginia’s $320 million expansion at the Virginia International Gateway container terminal. The Governor was joined by U.S. Maritime Administrator Rear Admiral Mark Buzby, Virginia Secretary of Transportation Shannon Valentine, and Virginia Port Authority CEO and Executive Director John Reinhart. This project is part of a larger, $700 million project, begun in February 2017, to expand the Port’s two primary container…

John F. Reinhart, CEO and executive director of the Virginia Port Authority (VPA).

INSIGHTS: John F. Reinhart, CEO, Virginia Port Authority (VPA)

John F. Reinhart is the CEO and executive director of the Virginia Port Authority (VPA). He is responsible for the broad programmatic areas of business development and growth, strategic marketing, finance, and operations of Virginia’s marine terminal facilities: Virginia International Gateway, Newport News Marine Terminal, Norfolk International Terminals, Portsmouth Marine Terminal, Richmond Marine Terminal and the Virginia Inland Port.Under his leadership, the goal has been to…

Pic: ZIM

Zim Begins Asia-Gulf Services with 2M

The global container shipping line Zim Integrated Shipping Services Ltd (Zim) announced a further expansion of its strategic cooperation with the members of the 2M Alliance, Maersk & MSC, to the Asia - US Gulf Trade."The new services, catering for both Central and South China and South Korea, offer significant advantages for customers, including direct connections to major ports in Asia and the US Gulf; best-in-market transit time with reliable dedicated service; Two weekly cutoffs in Houston & Mobile to better serve growing US exports requirements…

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.

Photo courtesy of ACP

Largest Boxship Ever Transits Panama Canal

Today, the Panama Canal completed a trial transit of Evergreen’s Triton, the largest vessel in dimension and container cargo capacity to pass through the Expanded Canal since it opened in June 2016.The Neopanamax containership Triton, which has a Total TEU Allowance (TTA) of 15,313, a 20-row beam of 51.2 meters and a length of 369 meters, transited northbound from the Pacific to the Atlantic Ocean.Similar to the milestone Q-Flex transit completed on May 12, today’s achievement was made possible by an increase to the maximum allowable beam for vessels transiting the Neopanamax Locks.

Evergreen's Triton Transiting the Expanded Canal on May 15. Photo: Panama Canal Authority

Triton Makes Record Transit Through Panama

The Panama Canal completed a trial transit of Evergreen’s Triton, the largest vessel in dimension and container cargo capacity to pass through the Expanded Canal since it opened in June 2016.The Neopanamax containership Triton, which has a Total TEU Allowance (TTA) of 15,313, a 20-row beam of 51.2 meters and a length of 369 meters, transited northbound from the Pacific to the Atlantic Ocean.“We are excited about the opportunities enabled by the Triton’s trial transit,” said Panama Canal Administrator Jorge L.

(Georgia Ports Authority/Stephen B. Morton)

New Savannah-Central America Route

The Port of Savannah welcomed its first Seaboard Marine vessel Wednesday. The new shipping line customer supports Savannah's cold chain logistics system with one new service to Central America, and a second to Latin America and the Caribbean.The ocean carrier's first service to Savannah links the Southeastern U.S. to northern Central America, with Georgia exports centered on frozen poultry and imports composed largely of perishables and apparel produced in Guatemala, El Salvador…

Image: JAXPORT

Record-Breaking Cargo Ship Visits JAXPORT

The Jacksonville Port Authority (JAXPORT), an international trade seaport on the St. Johns River in Jacksonville, Florida, set a new port record today with the arrival of the ZIM vessel Kota Pekarang, the largest container ship to ever call Jacksonville.The 11,923-TEU (container) vessel is operated by ZIM on a service offered by the 2M Alliance, comprised of Maersk, MSC, Hamburg Süd and strategic partners HMM and ZIM.The Kota Pekarang, which transited the Panama Canal from Northeast Asia before reaching the U.S.

File Image: Marad

Container Rates Alert: Box Industry Builds

Small yet significant rises in European import and export activity, combined with increased Far East imports and continued growth in US exports has fuelled a moderate improvement in long-term global container rates in March. The trend, identified in the latest XSI Public Indices report from Xeneta, builds on the positive rates development recorded last month, which effectively halted a decline underway since August 2018.Oslo-based Xeneta, a leading ocean freight rate benchmarking and market analytics platform…

Image: Jacksonville Port Authority

JAXPORT Receives Largest Ever Box Ship

The Jacksonville Port Authority (JAXPORT) and terminal operator SSA Atlantic on Monday afternoon welcomed the largest container ship to ever visit Jacksonville.JAXPORT set a new port record today with the arrival of the ZIM vessel Cape Sounio, the largest container ship to ever call Jacksonville, claimed a press release.The 11,000-TEU (container) vessel is operated by ZIM on a service offered by the 2M alliance. The 2M alliance is comprised of Maersk, MSC, Hamburg Süd and strategic partners HMM and ZIM.The vessel, which transited the Panama Canal from Asia before reaching the U.S.

Map: Hapag-Lloyd

Hapag-Lloyd Begins TNE Service

German-based cargo container shipping line Hapag-Lloyd AG is launching a new liner service offering a direct connection between Turkey and the US East Coast.The Turkey North America East Coast (TNE) service will operate every nine days between the Turkish seaport of Marmara (Izmit, Istanbul and Gemlik) and the US ports of New York, Norfolk and Savannah, said a press release from the world's fifth largest container carrier in terms of vessel capacity.In addition, the service will…

Maersk, PBF Logistics in Low Sulfur Fuel Deal

Maersk and PBF Logistics LP announce agreement for production and storage of 0.5% sulphur fuel on the U.S. East CoastPBF Logistics terminal facility in New Jersey to deliver approx. 10% of A.P. Moller – Maersk’s annual fuel demand as Maersk continues preparations for the International Maritime Organization’s (IMO) 2020 global sulfur regulation.A.P. Moller - Maersk and PBF Logistics LP announced an agreement for Maersk to source and PBFX to process crude oil at CPI Operations LLC…

Image: Ports of Indiana

Burns Harbor Extends Key Partnership

The Port of Indiana Burns-Harbor has extended its partnership with its longtime stevedore and marine terminal operating company, Federal Marine Terminals.A press note from the Ports of Indiana, a statewide port authority operating three ports on the Ohio River and Lake Michigan, said that the deal will run through at least 2023."FMT has been a vital collaborator with the Port of Indiana-Burns Harbor since 1999," said Port Director Ian Hirt, "and this consolidated operating agreement…