CODA Elects Plumb to Board of Directors
Coda Octopus Group, Inc. (CODA) (Nasdaq: CODA), a leader in real-time 3D sonar technology and real-time subsea intelligence, announced the election of J. Charles Plumb, Captain, USNR (Ret.) to its Board of Directors. Captain Plumb was elected at the company’s annual meeting of stockholders.Captain J. Charles Plumb is a retired U.S. Navy fighter pilot and former Vietnam Prisoner of War. He retired from the United States Navy after 28 years of service, and his military honors include two Purple Hearts, the Legion of Merit, the Silver Star, the Bronze Star, and the P.O.W. Medal.
Port Napie Orders Damen Tug
Napier Port, the third largest port on New Zealand’s North Island, has placed an order with Damen Shipyards Group for an Azimuth Tractor Drive (ATD) Tug 2412 Twin Fin for delivery later this year.The contract was signed by Sjoerd de Bruin, sales manager Pacific for Damen and Napier Port CEO Todd Dawson at Napier Port main office.Napier Port is currently developing a sixth wharf which, at 350 meters long, will be capable of handling the larger vessels that are expected to access the port in the near future.
SE Asian Ship Piracy Levels Steady
ReCAAP ISC has issued the August 2019 Report on the situation of piracy and armed robbery against ships in Asia which notes that a total of eight incidents was reported in Asia in August and that of these eight incidents, two were piracy incidents and six were incidents of armed robbery. There wer no reports of the abduction of crew in the Sulu-Celebes Seas and waters off Eastern Sabah; and there were no hijackings of ships for the theft of oil cargo but the abduction of crew for ransom in theSulu-Celebes Seas and the waters off Eastern Sabah remains a serious concern.
JAXPORT Acheives Record July
Jacksonville Port Authority (JAXPORT) announced that it has achieved its best ever July container volumes, with overall container movements increasing 19% compared to the previous July.More than 116,000 twenty-foot equivalent units (or TEUs, the industry standard for measuring containers) moved through JAXPORT in July 2019, said Florida’s largest container port by volume.So far in Fiscal Year 2019, more than 1.1 million containers have moved through JAXPORT, an increase of 9 percent over the same period last year. The port’s fiscal year runs Oct. 1- Sept.
Highest July Container Volumes for JAXPORT
The Jacksonville Port Authority (JAXPORT) has achieved its best ever July container volumes, with total container movements increasing 19 percent over the previous July. More than 116,000 twenty-foot equivalent units (or TEUs, the industry standard for measuring containers) moved through JAXPORT in July 2019.So far in Fiscal Year 2019, more than 1.1 million containers have moved through JAXPORT, an increase of 9 percent over the same period last year. The port’s fiscal year runs Oct. 1- Sept.
Jacksonville's Seaport Generates 26,000+ Local Jobs
New study finds port investments including Harbor Deepening have resulted in “significant” job growth over last five years.Cargo activity through Jacksonville’s seaport positively impacts tens of thousands of jobs and supports nearly $31.1 billion in annual economic output for the region and state, according to a newly released study. The study, citing double-digit growth in the port’s total economic impact over the last five years, was conducted by Martin Associates, a widely recognized maritime research firm.In the Jacksonville area…
Kogas, EVC Pact for Vietnam LNG Terminal
South Korean public natural gas company Korea Gas Corporation (Kogas) and Vietnam-focused development and asset management company Energy Capital Vietnam (ECV) have entered into a memorandum of understanding (MOU) for the development of a privately-funded LNG regasification terminal in Vietnam.The MOU also covers the development of a storage facility, gas supply system, and a 3,200 MW gas-fired power project near Mui Ke Ga, Binh Thuan Province, Vietnam, said a press note.The MOU…
Yang Ming Enhances Network
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has announced new China-Thailand direct service and Thailand - Indonesia express service.Under the impact of rising global trade tensions, a relocation and adjustment of cargo flow and supply chains is expected. To cope with this trend, Yang Ming Marine Transport Corp. continuously strengthens its Asian service network as well as the quality of Asian routes.Yang Ming has announced the launch of a new Intra-Asia service, China-Thailand Service (CTX service).
APL Launches Bangkok Haiphong Service
APL, part of the CMA CGM Group, has announced the launch of the Bangkok Haiphong (RBH) service that will provide weekly connectivity between South China, Thailand and Vietnam.An express service from South China to Thailand, the RBH service will make an alternative sailing choice from Shekou to Laem Chabang. The service also offers shippers direct connectivity from Bangkok and Laem Chabang to Haiphong.The RBH service will begin sailing from Nansha on July, 3rd. The service will call at the ports of Nansha, Shekou, Bangkok, Laem Chabang and Haiphong.
Box Volume Up 8.4% at Port of Oakland
Containerized export volume at the Port of Oakland spiked last month, again turning trade war logic on its head.The Port said that exports, primarily to Asia, were up 8.4 percent compared to May 2018 totals. Imports were up, too, climbing 4.2 percent over last year.According to a release from the port, it handled the equivalent of 85,964 20-foot import containers in May. Exports totaled 78,070 containers.Oakland has now reported improved year-over-year import and export performance for three straight months.
GAC Mulls Expansion
The shipping & logistics company GAC is tapping into the growing contract logistics business potential of the Asia Pacific, Indian Subcontinent and Middle East, with plans to further develop and expand in its operations in the regions.That was the message Lars Bergström, GAC’s Group Vice President for Asia Pacific & Indian Subcontinent, had for the Group’s Contract Logistics Solutions experts who gathered in Colombo, Sri Lanka, to chart GAC’s strategy to increase its share of the business in their regions.
APL Unveils New Japan Malaysia Vietnam Service
APL, part of the CMA CGM Group, has announced the launch of the Japan Malaysia Vietnam (JMV) service that will provide weekly connectivity between North Asia and Southeast Asia.The JMV service will offer one of the most comprehensive North Asian market coverage comprising five Japanese main ports as well as Hong Kong, Shekou and Taiwan. Shippers from Kanto and Kansai regions will also find an alternative access to Singapore, Malaysia and Vietnam via the JMV service and vice versa.The…
Vard to Build Another for Coral Expeditions
Fincantieri’s subsidiary Vard Holdings Limited (Vard), one of the major global designers and shipbuilders of specialized vessels, signed a contract with the Australian cruise operator Coral Expeditions for the design and construction of a second expedition cruise vessel. The unit will be named “Coral Geographer”, sister ship of “Coral Adventurer” which entered the owner’s fleet last April.As for the first vessel of the class, “Coral Geographer” will be 93.4 meters long, will have a guest accommodation capacity of 120…
CMA CGM Upbeat Despite China-U.S. spat
Shipping giant CMA CGM expects to see further growth in its volumes this year as increasing activity from southeast Asia towards the United States helps make up for slowing China-U.S. flows that were a drag on its first quarter.French-based CMA CGM, the world's fourth-largest containing shipping firm, reported on Wednesday a first-quarter net loss of $43 million, compared with a $77 million loss in the same period last year."We are very confident about seeing our volumes grow in 2019, regardless of the geopolitical climate," Chief Financial Officer Michel Sirat said.Brisk China-U.S.
PIL Enhances Transpacific Services
The Singapore-based family-owned shipping company Pacific International Lines (PIL) announced that PIL will be enhancing our Transpacific service by offering direct services from Vietnam to the U.S West Coast, with effect from end April 2019.America China Service 5 (AC5) will be adding Haiphong as first port of call with effect from 30th April 2019.Full rotation of America China Service 5 (AC5): Haiphong - Nansha - Hong Kong - Yantian - Long Beach - Oakland - Yantian - HaiphongPIL also launched a new string…
APL Enhances Japan Thailand Vietnam Service
APL has announced that the Japan Thailand Vietnam (JTV) service is extending its port rotation to the Philippines and within South China. The refined service will be calling three additional ports in Manila, Shekou and Nansha as part of its service rotation.The enhanced JTV service is primed to facilitate direct shipments from the load ports in South China to the Philippines, promising a fast 3-day Shekou-Manila transit time. The weekly service will also provide direct access to Laem Chabang in Thailand from Manila.
The Future of TOS
Can Your Technology Compete in Today's Terminal Operating Landscape? When it comes to terminal automation, ‘failing to plan means planning to fail.’Automation is not a one-size-fits all solution. And, while future terminal operations will necessarily involve technology and autonomous operations, is it also critical that operations are automated in a way that will best fit a terminal’s size, location and overall needs, meet customers’ changing expectations, while also providing ROI to shareholders. That’s a lot to ask.
Asia: Robbery Reduced by 52% in Q1
A total of 10 incidents of armed robbery against ships (comprising nine actual incidents and one attempted incident) were reported in Asia during January-March 2019 compared to 21 incidents (comprising 15 actual incidents and six attempted incidents) during January-March 2018.This accounts for a 52% decrease in the total number of incidents reported during January-March 2019 compared to the same period in 2018, said ReCAAP ISC's Piracy and Armed Robbery against Ships in Asia for the 1st Quarter Report…
Demand for Box Shipping of Soybeans to Asia Grows
Countries in Asia, led by Indonesia, are increasingly relying on shipping containers to transport their purchases of U.S. soybeans, according to an analysis of federal data released by the Illinois Soybean Association (ISA).The number of soybeans shipped in containers to Asian countries has grown 40 percent since the 2014-2015 crop marketing year, from 2 million metric tons to 2.8 million metric tons. Indonesia is the top buyer of container shipments of soybeans at about 1.4 million metric tons…
Piracy, Sea Robbery Situation in Asia in Q1 2019
Piracy and Armed Robbery against Ships in Asia 1st Quarter Report January to March 2019Overall SituationA total of 10 incidents of armed robbery against ships (comprising nine actual incidents and one attempted incident) were reported in Asia during January-March 2019 compared to 21 incidents (comprising 15 actual incidents and six attempted incidents) during January-March 2018This accounts for a 52% decrease in the total number of incidents reported during January-March 2019 compared to the same period in 2018The number of actual incidents has also decreased by 40% during January-March 2019 c
Oakland Adds Vietnam Shipping Service
The Port of Oakland will add new direct service to Vietnam by late April. Pacific International Lines (PIL) will launch direct Vietnam links using vessels that can carry up to 11,900 20-foot containers. PIL’s new service is called AC5 and is in partnership with Cosco and Wan Hai.New Vietnam-US West Coast service:•Haiphong, Vietnam loop – Haiphong, Nansha, Hong Kong, Yantian, Long Beach, Oakland, Yantian, Haiphong (AC5)In 2018, Vietnam was the Port of Oakland’s third largest import market and fifth largest export market.
APL Enhances China Southeast Asia Service
APL added Ho Chi Minh City as a port of call by its China Southeast Asia Service (CSE). This will extend the market coverage of the weekly service which currently connects Central China to the Southeast Asian markets of Thailand and the Philippines. The refined CSE will open up a route from Ho Chi Minh City to Manila with a direct sailing. Primed to be an express service from Central China to Southern Vietnam, the enhanced CSE will offer shippers an alternative ocean freight from Shanghai and Ningbo to Ho Chi Minh City.
Wan Hai Lines Enhances Japan Services
Taiwanese shipping company Wan Hai Lines announced the enhancement of its Japan service coverage.With effect from early April 2019, the company shall upgrade its existing New Super 1 service and also extend one of its existing Japan Kanto service to cover Malaysia, the provider of full-containerized shipping service said in a press note.Upgrade existing New Super 1 service(NS1) to Panamax vessel size: The service will maintain 4 vessel deployment with WHL deploying 2 x 4250Teu vessels, while IAL and OOCL deploys 1 vessel each.
ReCAAP Asia Piracy, Sea Robbery Report
Piracy and Sea Robbery Situation in Asia in February 2019A total of three incidents of armed robbery against ships were reported in Asia in February 2019There was no report of abduction of crew in the Sulu-Celebes Seas and waters off Eastern SabahThere was no report of hijacking of ships for theft of oil cargoHowever, the abduction of crew for ransom in the Sulu-Celebes Seas and waters off Eastern Sabah remains a serious concernOf the three incidents reported in February 2019, one incident occurred on board ship anchored at Caofeidian anchorage in China, one incident on board ship anchored at
Blackstone Invests in Terminal Operator Carrix
U.S. investment firm Blackstone Group LP said on Sunday that funds affiliated with Blackstone Infrastructure Partners invested in Carrix Inc, the largest marine terminal operator in the United States and the Americas.The company did not disclose the terms of the transaction.Carrix is the parent of SSA Marine and its related affiliates with operations at over 250 port and rail locations worldwide, including 16 container terminals in Long Beach and Oakland in California, Seattle and Tacoma in Washington…
APL: New Asia Australia Express 2
APL launched a new weekly Asia Australia Express 2 (AAX2) service that will connect the key Southeast Asian ports of Vietnam, Malaysia, Singapore and Indonesia to the two major eastern Australian cities of Brisbane and Sydney.The AAX2 service is poised to be the only service in the market with a direct call from Ho Chi Minh to Australia. Promising the industry’s fastest transit time, an AAX2 shipment from Ho Chi Minh to Brisbane and Sydney will take just 16 days and 18 days respectively.