AAL Galveston will join its fleet on long-term time charter and add capacity to its Tramp and Projects division; providing worldwide trade for customers, with a specific focus on EU and US trades.Ameri100
announced that it has merged with privately held Linear Logics CORP, the leading provider of Supply Chain Management Solutions. The merger will help Ameri100 become a forerunner in IT consulting by helping to strengthen its product and service lines.
APM Terminals has signed a two-year, €5 million $6.23 million) contract with Amsterdam-based NV Nuon Energy for the supply of environmentally-sustainable wind-generated electricity to power the new APM Terminals Maasvlakte II cranes and container handling equipment.
ABS has awarded approval in principle (AIP) for Hyundai Heavy Industries’ next-generation HD12000 heavy duty, wide beam drillship design.
APM Terminals placed an order for 16 new advanced Rubber-Tire Gantry cranes (RTGs) as part of an ongoing program of upgrading and expanding container handling capabilities and capacities throughout the APM Terminals Global Terminal Network.
APM Terminals Gothenburg’s recent addition of 12 new four-container high reach straddle carriers will increase storage capacity at Scandinavia’s largest container terminal by 40 percent and will increase productivity with the ability to lift two 20 containers simultaneously.
ABS has granted extended general design approval for the KC-1 LNG cargo containment system (CCS). The new membrane type will be installed on newbuild LNG carriers currently on order for Korea Gas Corporation (KOGAS).Accenture has launched a Ports Center of Excellence in Hong Kong which is focused on providing terminal operators with process excellence and technology implementation for performance management, operations management and enterprise management.
APM Terminals has signed a two-year, €5 million ( $6.23 million) contract with Amsterdam-based NV Nuon Energy for the supply of environmentally-sustainable wind-generated electricity to power the new APM Terminals Maasvlakte II cranes and container handling equipment.
Alabama State Port Authority awarded a $20.1 million contract for design and construction of a new intermodal facility to Illinois-based R.T. Milord Company. The Garrows Bend Intermodal Container Terminal would increase the ability of the Port of Mobile to move containerized cargo between rail cars and ships, and connects its container terminal to the national rail system.
ABS has granted approval in principle (AIP) for the Sevan cylindrical floating LNG (FLNG) production unit concept for offshore production, storage and transfer of LNG, LPG and condensate.
APM Terminals announced that it will not pursue the proposed joint venture for the ownership and operation of APM Terminals’ Elizabeth, New Jersey facility since a commercially viable solution was not achieved.
Adani Ports, SP Ports of Shapoorji Pallongi Group and United Liner Agencies have been short-listed for building the $0.4 bn liquid cargo terminals at Jawaharlal Nehru Port. The project with a capacity to handle 26.5 million tonnes cargo a year will be implemented in two phases.
Antwerp and Houston are entering into a Memorandum of Understanding fortifying the trade relations between the two regions.
Antwerp Port Authority has appointed a service provider, Brabo Cleaning Company, to be responsible for combating oil spills within the port area. The contingency plans cover not only actual but also potential spills on the water.
ABS has added the first Japanese-flagged vessel Yamatogawa to its classed fleet after having been awarded the status of a ‘Recognized Organization’ (RO) by the Japanese government.
APM Terminals delivered an increased profit of $223million ($179m) and a return on invested capital of 14.2 percent (12.8 percent). Terminals becoming fully operational and new terminals added to the portfolio supported the 8 percent growth in volume.
Agility has strengthened its East China ocean freight service capabilities with a strategic partnership agreement with Shanghai International Port Group Logistics.
Abu Dhabi’s commercial Ports reported increase in general cargo moving through them by 37 percent this year. ADPC’s commercial ports (Musaffah, Khalifa and Zayed Ports) have handled 6.4 million FT of general cargo, compared to 4.7 million FT in the first half of 2014.
Antwerp Port Authority and the Port of Rotterdam Authority will be effecting stricter nitrogen oxides emission standards for new built vessels on the North Sea and English Channel with effect from 1 January 2016. The two largest ports in Europe would not extend support for the proposal to postpone this already agreed upon regulation by five years. The environment committee of the International Maritime Organization, which is a United Nation’s Agency, will discuss this proposal in detail during early this month. Ships’ engines which comply with the new standards would emit 80% less nitrogen oxides than that of the current built vessels. Reducing the emissions from shipping to improve air quality is in line with the sustainability policy of the two port authorities.
ABS, the leading provider of classification services to the global marine and offshore industries, had released a report entitled ‘Bunkering of Liquefied Natural Gas-Fueled Marine Vessels in North America’. The objective of the report is to provide guidance to potential owners and operators of gas-fueled vessels, as well as LNG bunkering vessels and facilities, to help them obtain regulatory approval for projects. The report, developed by ABS and ABS Group, takes a broad look at the requirements of various regulatory bodies including the IMO, US Coast Guard, Transport Canada, US Environmental Protection Agency and the many state and local authorities involved in a bunkering project.
Asia Pacific Maritime (APM) 2014’, one of the Asia’s leading and largest maritime shows, was conducted from 19 – 21 March at Singapore. According to industry pundits, this the 13th edition of the event, which is dubbed as “Where the Maritime World Congregates’, was well timed to put to highlight the fact that the things are finally steadying in what has been a tumultuous few years for the global maritime industry.
A.P. Moller-Maersk, the foundation that controls Danish oil and shipping group, will be transferring its stake in the business to a new holding company to boost the group’s financial flexibility. A.P. Moller Foundation is controlled by the Maersk family but is obliged to use all dividends it receives from the shipping group for donations to benefit the public in countries across the Nordic region. However, by moving the 41.51 percent shareholding and its 51.09 percent of all A.P. Moller-Maersk voting rights into A.P.Moller Holding, it will be able to keep back funds as a cash reserve to be used by the shipping business.
ABS, a leading provider of global maritime classification services, has received the Safety and Quality Award at the 10th Anniversary of the Seatrade Middle East and Indian Subcontinent Awards. The award recognizes ABS’ contribution to promoting safety, judged on key indicators including investment in safety training, social and environmental responsibility and its contribution and commitment to the development of the maritime sector across the region.
American Cruise Lines, the largest U.S. cruise company, announced a special holiday promotion for all of its 2014 Mississippi River itineraries offered aboard the Queen of the Mississippi. As a special gift for guests who reserve a Mississippi River cruise this holiday season, the line will offer complimentary shore excursions in each port, valued at more than $300 per person.Adani Ports& SEZ Ltd, India announced its Mundra port had handled 151,229 metric tonnes of steam coal in 24 hours from MV Cape Fushen, Large Cape Vessel, carrying steam coal of Indonesian Steam Coal of M/s. Adani Power Limited (APL) thus setting a new national record in coal cargo handling in the country. The Mundra Port’s West Basin terminal, Asia’s largest coal import facility, surpassed the last recorded best coal discharge performance nationally of 122,247 metric tonnes and further surpassed its own record of 115,119 metric tonnes in January 2012. The current handling capacity of west port is 60 MMT of coal per annum.
APM Terminals, according to its CEO, is investing heavily in fast-growing Africa and Russia to counterbalance the lack of growth in mature markets like Europe. Based in The Hague, Netherlands, the port operator has announced its plans to develop a mega-port project and free-trade zone at Badagry, Nigeria, west of the capital Lagos and also the plans to expand ports in Congo, Angola and Liberia. APM Terminals manages or operates 62 ports around the world and is involved in the development of seven new ports.
ANL Singapore Ltd and Agilitywill launch a new joint venture in PNG.. This joint venture company, named ANL Agencies PNG Ltd., will primarily handle ANL’s shipping agency business throughout PNG. Previously the ANL agency functions had been handled by Pacific Shipping Agency (PSA), which was 100% owned and operated by Agility. ANL – part of the major shipping company CMA CGM – has been operating vessels to PNG since 2001.
Atlantic Container Line was recognized as a top supplier by American Honda Motor Co. Inc. The company’s Premier Partner Award to ACL for excellence in International Transporting Services between North America and Europe. ACL was one of 15 award recipients selected from 46 suppliers nominated by American Honda associates out of more than 1,000 eligible companies nationwide.
AtoBviaC ‘s recent upgrade to end user applications for the BP Shipping Marine Distance Tables would enable its users to adjust routes and obtain distances to match their own operations. The changes make it possible for the user to produce deviation reports following changes in voyage destinations. Tanker owners, operators, charterers and ships’ masters are often faced with evaluating changes in trading patterns due to geo-political events and oil supply and demand imbalances. They are used to relying upon AtoBviaC’s BP Shipping Marine Distance Tables to provide accurate and viable distances, based on actual routes, to estimate true costs and to maximise potential profit.
Adani Group’s Mundra Port has announced that it had registered a 16.7 per cent growth in containerized traffic handling for April-November 2012 period on a year-on-year basis, beating the gloomy trend in seen in all other key container handling ports such as the Jawaharlal Nehru Port, Chennai and Pipavav.
APL Logistics and VASCOR announced the formation of a Delhi-based joint venture – APL Logistics VASCOR Automotive – to better serve the growing and increasingly sophisticated supply chain needs of the automotive sector in India. The JV will draw on the supply chain expertise and auto sector experience of two of the industry’s most respected brands.
Abu Dhabi Ports Co is likely to raise funds next year to meet the growth potential of its Khalifa Port as the Persian Gulf emirate boosts the development of industries that will reduce its reliance on oil exports. According to Tony Douglas, Chief Executive Officer, Khalifa Port, which began commercial operations last month, will handle 1.2 million TEU by 2014 and that Abu Dhabi Ports will need to order six more cranes to utilize the port’s current 2.5 million TEU capacity.
A.P. Moller-Maersk’s net earnings fell from the second quarter last year but the difference was mainly explained by a one-off $700 million gain a year ago from its sale of supermarkets in the UK.
Atlantic Container Lines announced the order of five new RO/RO containerships, or CONROs, from a shipyard in China that will travel at 10 percent faster speed while reducing fuel consumption per-TEU by 50 percent.
A.P. Moller-Maersk, signed a deal, worth approximately $500 million, with Ningbo Port Group for a 25 per cent stake in Ningbo’s prospective new container terminal. The port group and APM will jointly invest in and operate berths 3, 4 and 5 of the Meishan Container Terminal, which is expected to be constructed and operational by December 31, 2014.
Agility, a leading global logistics provider, announced a new scope of work to support the Gorgon natural gas project in Western Australia. The scope of work, estimated in value at A$232 million over two years, will have Agility providing logistics, stevedoring, and related services in support of the Marine Loading Facility in Henderson, Perth.
Adani Hazira Container Terminal (AHCT) is set to be commissioned on August 1. The container terminal is part of the multi-purpose Adani Hazira Port located 38 km from Surat, Gujarat. It already commenced bulk operations in May.
American Feeder Lines (AFL) has suspended its 9-month-old feeder service from Halifax to Portland, Maine, and Boston while the company undergoes restructuring. The suspension comes a few weeks after the province of Nova Scotia extended a $500,000 loan guarantee to AFL to support the weekly service.
Adani Ports and Special Economic Zone (APSEZ) has received the letter of intent from the Kandla Port Trust to set up a dry bulk terminal at the Kandla Port on build, operate and transfer basis.
ABS, announces the expansion of its presence in Singapore recognizing the growing role Singapore is playing as a global offshore energy center. The level of investment expected in the Asia-Pacific region (US $225 billion in capex through 2015) will bring rapid growth in the deepwater arena that will require mature technical competence.
AP Moller-Maersk group’s revenue in 2011 increased by 7% to US$60.2-billion (US$56.1-bn in 2010). This was positively affected by higher oil prices and container volumes but offset by lower container freight rates. Profit was US$3.4-bn.
Adani Port and Special Economic Zone Ltd (APSEZ), India’s No. 1 private multi- port operator, said its West Basin terminal at Mundra Port had handled a record of 67,153 metric tonnes of steam coal per day.
APM Terminals reported record-breaking revenue growth for 2011, with 10 percent revenue growth compared to 2010 and an EBITDA of $1.059 million. The company said its profit in 2011, before gains and special items, was $649 million, 24 percent higher than 2010, and the return on invested capital reached 13.1 percent.
ABG-LDA Bulk Handling Pvt. Ltd and IL&FS Maritime Infrastructure Co. Ltd is set to win the rights to develop and operate mechanized fertilizer loading facilities at Visakhapatnam port in Andhra Pradesh in India. The project involves installing mechanized loading facilities along with bagging and dispatch facilities for fertilizers at an existing berth in the Union government-owned Vizag port.
Adani Petronet (Dahej)Port Pvt. Ltd, which operates Dahej port in South Gujarat, announced the successful commissioning of the second jetty at the port. The company is a joint venture between Adani Ports & Special Economic Zone Ltd (APSEZ) and Petronet LNG Ltd. “This milestone of adding one more jetty at Dahej port will provide a welcome access to the industries and trade for their raw materials in central India and the industrialised South Gujarat region,” said Dr Malay Mahadevia, Whole-time Director at APSEZ.
Andhra Pradesh, Kerala, Tamil Nadu and Gujarat – have approached the Centre with proposals to invest at least USD2bn in developing ports, signalling an end of standstill in the sector that has been dogged by environmental and security concerns. While Andhra Pradesh has proposed four sites, Kerala, Tamil Nadu and Gujarat have suggested one site each.
AP Moeller-Maersk A/S, owner of the world’s biggest container shipping company, increased capacity by a record last year as it added more of the world’s largest vessels that haul boxes to reduce unit costs. Maersk added ships that can carry 392,000 20-foot containers to its fleet last year, equivalent to an 18 per cent increase, helping to raise its market share to 16 per cent from 14.5 percent at the start of 2011.
Antwerp and Rotterdam are going to work together to reinforce the pipeline infrastructure between the two ports. They set this down in a declaration of intent, signed by the respective port directors, Eddy Bruyninckx and Hans Smits. The costs of an initial study into the route and a cost estimate will be borne jointly.
Andhra Pradesh is looking forward to having a second major port in the State, after Visakhapatnam, as announced by the Union Government in the maritime agenda for the current decade (2010-20) and has requested the Centre to initiate the necessary steps.
Asciano has re-signed Mediterranean Shipping Company (MSC) on a new five-year container terminals contract, which will see Patrick handle half-a-million containers nationwide in the first year. The new agreement commences on 1 January 2012.
ABS President and Chief Executive Officer Christopher J. Wiernicki has warned that a move into energy optimised ship design ceated in house by some class societies creates a fundamental conflict of interest with their role as independent providers of safety approval and certification.
ABS is further strengthening its ties to the Korean maritime industry by establishing the ABS Korea Energy Technology Center (KETC) in Busan in early 2012.
Abu Dhabi and Mumbai Investment Forum organized by the Department of Economic Development (DED) witnessed a high-level delegation from Abu Dhabi Ports Company (ADPC) to discuss and highlight the extensive investment opportunities that Abu Dhabi can offer.
AP Moller-Maersk is likely to cut 2011 guidance for its container business Maersk Line on the back of falling freight rates, analysts said.
APM Terminals will take over the Skandia Container Terminal at Sweden’s busiest harbour in a 25-year lease that includes USD 115 million in infrastructure improvements over the first five years.
Annual Seatrade Middle East & Indian Subcontinent Awards (SMEISA) were presented to individuals and companies at a Glittering Gala Dinner at the Atlantis The Palm Dubai.
Antwerp Port Authority has expanded its presence in South America with the appointment of three new representatives: Fernando Bustamante, German Calderon and Henrique Machado Rabelo. Together they will make the advantages of Antwerp as a port better known throughout South America, and will strenghthen existing contacts.
ABS has issued its first Approval in Principle (AIP) for a new concept renewable energy design in which a moored spar uses ammonia in a closed-cycle process to produce electrical power for a commercial utility grid. Unlike wind, tidal or solar power the advanced design for this Ocean Thermal Energy Conversion (OTEC) system can deliver constant output 24 hours a day.
APL Logistics, a leading third party logistics provider, said it has started running Kodak’s Central Distribution Center which houses a newly installed cold room facility for temperature-sensitive products in Mumbai, India. After winning the contract to design, build and operate Kodak’s new distribution center for supplying to the domestic Indian market, APL Logistics converted a bare room into the 38,000-square feet high-tech facility.
A.P. Moller – Maersk Group has joined the World Ocean Council to support global leadership and collaboration on ocean sustainability. Copenhagen, Denmark – Through its signatory to the World Ocean Council, Maersk supports the efforts to promote sustainable development and stewardship through collaboration across private sector industries. The World Ocean Council is the only international organisation bringing together a broad range of ocean industries to address sustainable use of the seas.
APL has introduced a new service – the West Coast Express (WCX) service replacing the Panama Andean Express 2 service – a vessel sharing agreement with Hamburg Süd to expand its presence in Latin America. APL, which will operate two vessels and Hamburg Süd will operate one vessel, each with a nominal capacity of 1300 TEU, links the South America West Coast directly to Central America, which connects to the North America West Coast and other major markets via APL’s global linehaul services (Mexico Asia Express and Pacific South 2).
A.P. Moller – Maersk Group has joined the World Ocean Council to support global leadership and collaboration on ocean sustainability.
APL Logistics said it has extended its Middle East footprint following two agency appointments – Iraq Transcontinental Shipping Co. in Iraq and Kuwait Transcontinental Shipping Co. W.L.L. in Kuwait.
AP Moller-Maersk Group (APM Terminals) has been directed by the Supreme Court of india to the government to allow to bid for the fourth container terminal at the Jawaharlal Nehru Port (JNP), the country’s busiest port.
ABS achieved another record performance in fleet size during 2010, reported Chairman Robert D. Somerville at the annual meeting. An eight percent increase in gross tonnage from year-end 2009 resulted in the ABS-fleet reaching a new record of 173m gross tons (gt) representing 11,191 vessels.
ABS has been collaborating with Korea’s Hyundai Heavy Industries (HHI) to evaluate the basic design and containment system parameters for an LNG carrier operating in an Arctic environment. Specifically the carrier would operate a trade route from the Kara Sea and Barents Sea to Europe or the United States.
ABS and Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) are concluding a one-year joint development program (JDP) examining critical wave conditions for sloshing model tests and computational fluid dynamics (CFD) in the cargo tanks of floating liquefied natural gas (FLNG) vessels.
APL’s, President Eng Aik Meng, said that economic growth across the Asia region, led by China, will play a significant role in the health of the container shipping markets in the foreseeable future.
ABS announces the release of a Guide for Building and Classing Offshore Wind Turbine Installations. It is the first Guide to address design considerations for the bottom founded support structure of an offshore wind turbine situated in tropical storm prone areas on the US Outer Continental Shelf (OCS) such as the Gulf of Mexico and East Coast. Guides developed to date have been primarily based on experience from European coastal waters. However, ABS’ Guide is the first to specifically consider the conditions these structures may encounter in tropical storm prone waters. The Guide takes into account the well-established International Electrotechnical Commission (IEC) 61400 series of standards for wind turbines, the American Petroleum Institute’s Recommended Practice for Planning, Designing and Constructing Fixed Offshore Platforms, ABS’ offshore Rules and Guides and the unique environmental conditions on the US OCS.
A.P. Møller – Mærsk A/S, Mærsk Olie og Gas A/S (“Maersk Oil”), has agreed with SK Energy Co., Ltd. to acquire SK do Brasil Ltd., for USD 2.4 billion on a cash and debt-free basis. The acquisition is subject to customary conditions, including governmental approval and will not affect the 2010 financial result of A. P. Møller – Mærsk A/S. The acquisition gives Maersk Oil access to sizeable pre-salt assets offshore Brazil, one of the most prolific regions in the world for oil exploration and production. It offers immediate production and significant growth potential as discoveries identified in the acreage are appraised. In addition, the acquisition offers a strong upside from blocks lying in the Campos Basin as exploration prospects are tested.
ABS and the China Classification Society (CCS) strengthened their collaborative efforts by entering into a new Cooperation Agreement on 24 November in Washington, DC. CCS and ABS will also expand their collaboration efforts in numerous other areas including research and development and software development for large and technologically-advanced ships.
Aramex, the global logistics and transportation solutions provider, announced that it has launched a new Sea-Air route from China into Europe.
Abu Dhabi Investment Authority (ADIA) and infrastructure investment fund Global Infrastructure Partners (GIP) have agreed to buy a 99-year lease on the Port of Brisbane in Queensland.
ABS-classed fleet has broken through the threshold. The latest statistics show the fleet as standing at 11,055 vessels aggregating an increase of more than 9mgt in 2010.
Adani Enterprises will now make an additional investment of $3.5-4 billion (Rs 15,700-18,000 crore) to develop the necessary mining infrastructure and logistics, including a rail link and a coal terminal in a port facility. This combined investment of over A$6.5 billion (over Rs 28,000 crore) will make it the largest coal sector investment in Australia. In August, Adani – India’s biggest coal importer – agreed to pay $2.7 billion (Rs 12,500 crore) in a cash and royalty deal for the coal asset in the Galilee Basin of Queensland, Australia, which has one of the largest high-grade thermal coal deposits, at 7.8 billion tonnes.
Antwerp Port Authority Second Lock on the Left Bank Will Be Operational in 2016.The construction of the second lock in the Waaslandhaven (Waasland port) is scheduled to start after the building industry’s 2011 summer holiday. The Antwerp Port Authority formally started the contracting procedure for this building project.
ABS and the Shanghai Merchant Ship Design & Research Institute (SDARI) have entered into a two-year joint research and development project to study the potential of an energy-saving device that would enhance propulsion efficiency on a bulk carrier. With environmental issues becoming the most important operating issue facing the shipping industry today, the study is timely in that an add-on device could offer shipowners the potential to reduce greenhouse gases through lower fuel consumption due to increased propeller efficiency.
ABS has revised its comprehensive Guide for vessels operating in the Arctic and comparable harsh environments incorporating nearly four years of operational experience since the Guide was first issued in September 2006. Drawing upon feedback from the industry, the ABS Guide for Vessels Operating in Low Temperature Environments was reviewed by members of ABS’ newly established Arctic Technical Advisory Committee comprised of prominent industry representatives active in harsh environment developments. The unique demands imposed on vessels operating in polar regions are addressed in the Guide as well as guidance relating to personnel safety and training. Major sections include: materials, welds and coatings; hull construction and equipment; vessel systems and machinery; safety systems; crew considerations; and training and related documentation.
Agility, a leading global logistics provider, has announced that it commenced operating an Australian domestic shipping service between Melbourne, Victoria and Bell Bay, Tasmania. The service is operated by Agility Shipping Pty Ltd, a joint venture between Agility Logistics Pty Ltd. and Transworld Marine Express Pty Ltd. The joint venture agreement between the two parties was signed in Melbourne.The three times a week service will be served by Australian-flagged and Australian crewed vessels, with the first being a 516 TEU multi-purpose self-geared container ship, the MV Tassie Bridge. Depending on customer demand for the new service, a second vessel might be added to the service later in the year, which would add additional sailing frequency.
Adani Group company Mundra Port and SEZ (MPSEZ) said it will pump in USD 13.3bn over the next three to five years for port development.The company that posted a 24% rise in its net profit said it improved its share in the country’s cargo handling to 8.3% from 6.7%. It also set 2013 as a target to turn the country’s first private port into India’s largest port.
A.P. Moller-Maersk raised its 2010 profit forecast, saying that an improvement at its ocean container carrier Maersk Line has been “greater than envisaged.”The Danish shipping and energy group said it now expects 2010 earnings will exceed the 2008 profit of $3.5 billion provided freight rates, oil prices and the U.S. dollar exchange rates remain stable at current levels.
APM Terminals and Shanghai International Port Group (SIPG) have finalized an agreement for SIPG to acquire a 25% share of APM Terminals Zeebrugge for EUR 27.16 million (USD $33.7 million) in a ceremony in Shanghai.
ABS Chairman and CEO Robert D. Somerville told at the Annual Meeting of Members in New York that “very robust orderbook” pushed the society to a new record fleet high of 159.5m gt by the end of 2009.
Asia Europe carriers cut rates on the routes for the first time by US$60-$47 bracing for rising capacity of 22,000-TEU, seven per cent of overall capacity, according to Paris-based Alphaliner newsletter.The rates now stand at $2,104/TEU to northern Europe and $1,998/TEU to the Mediterranean reflected in a drop of 24.78 points on the Shanghai Containerised Freight Index.
ABS has published a Guide for shipowners seeking to obtain its optional class notations ENVIRO and ENVIRO+ denoting adherence to enhanced standards for environmental protection. The standards are contained in the recently released ABS Guide for the Environmental Protection Notation for Vessels.
A.P. Møller-Mærsk A/S (APMM) and ABS have agreed to extend out-of-water drydocking periods from five to seven and a half years for eligible vessels. The agreement signed recently covers an initial fleet of 14 Maersk Line containerships. It has been initiated under a pilot program approved by the Danish Maritime Authority wherein vessels may undergo two underwater examinations before the traditional out-of-water drydock inspection is required.
A.P. Moller-Maersk reported its first full year net loss of $1.02 billion in 2009 as its core container shipping business plunged $2.1 billion into the red from a $583 million profit in the previous year. “The loss is significant, but 2009 was an extraordinary year with historically low rates and low demand,” said A.P. Moller-Maersk chief executive Nils Andersen.
APL Beijing, the “New World Alliance” – APL, MOL & Hyundai – has just launched their new APX shipping service (Atlantic Pacific Express). Le Havre marketplace, being in the position of last outward port from Europe, is able to provide excellent transit times both to the East and the West Coasts of the United States, without any transhipment.
Aqaba Container Terminal (ACT) in southern Jordan, under the port’s 2009-2013 action plan, includes a 460 meter extension of the quay, as part of a new world-class container facility on the tip of the Red Sea. The quay will increase annual container throughout capacity to a projected 2 million TEUs when fully completed and equipped. The project, entails an overall capital expenditure of US$235 million, bringing total investment since 2006 to US$335 million.
ABS was named Best Classification Society during the recent Lloyd’s List Middle East & Indian Subcontinent Awards held in Dubai. The award ceremony is one of six regional events hosted by the industry’s daily newspaper to benchmark excellence within the maritime industry. A panel of judges from a broad spectrum of industry selected ABS as the winner in the “Classification Society” category. The society has maintained a network of regional and port offices throughout the Middle East area for more than 30 years with regional administrative and operational headquarters in Dubai, United Arab Emirates (UAE).
ADNATCO-NGSCO, the shipping arm of the Abu Dhabi National Oil Company (ADNOC) Group of Companies, has entered into a strategic alliance agreement with global maritime industry leader Drydocks World. Under the terms of the agreement, some of ADNATCO-NGSCO vessels will be able to use the Far Eastern facilities owned by Drydocks World in Singapore and on Batam Island, Indonesia.
ABS and the Russian Maritime Register of Shipping (RS) have initiated an extensive joint training program covering survey of Arctic LNG carriers for a team of surveyors drawn from both societies. Classroom instruction at the RS training facilities in St Petersburg, Russia, is to be followed by a prolonged period of field training at shipyards for new construction and on ABS-classed, trading LNG carriers for in-service surveys.
ABS Nautical Systems clients will soon have a more prominent seat at the developers’ table. Functionality to be released in version 5.4 of the NS 5 fleet management software this year will deliver personalized dashboards and reporting capabilities to its users.
Altona fishing port in Hamburg will be given a modern terminal building with an integrated and automated gateway. This will speed up the putting in and casting off of ships. Preparatory work for the project on the marine side has been going on since August. Before the end of this year a start will be made with the construction of the quay wall, so that the first cruiser will be able to put in to the new berthing space by mid-August 2009.
Agility, the world’s leading logistics company, announced the launch of its new Container Freight Station (CFS) – a major new consolidation and redistribution service – from its hub in Dubai. This new service will be offered to all shippers and consignees who have shipment of less than a container load (LCL)
ABS is now offering its clients powerful ship inspection and maintenance management software to be placed in the office and on board all newbuild vessels contracted to ABS class. The offer is also being made retroactive to apply to any newly built vessels delivered since 1 January this year. Vessels that transfer into ABS class may also be eligible for the program.
APL announce a new direct liner container service from southern Vietnam to the west coast of North America., APL’s PS1 service has been making weekly port calls at our new deepwater terminal facility serving Ho Chi Minh City.
ABS has issued a new guide intended to provide supplementary requirements for the application of higher-strength, thick steel plates, greater than 51 mm, within the structure of large container carriers. The requirements in the Guide for Application of Higher-Strength Hull Structural Thick Steel Plates in Container Carriers are based on ABS’ extensive experience with the design, construction and in-service performance of large and ultra large container carriers.
ABS Nautical Systems (ABS NS) has donated its NS5 Fleet Management Software to the International Maritime University of Panama (UMIP). The donation includes the Maintenance & Repair, Purchasing & Inventory, Crew Management, Quality & Compliance and Replication Manager modules of the NS5 software suite. The modules will be woven into the existing student courses as real-world examples, thus giving students exposure to the software throughout their educational program.
ABS is currently involved with the review of or being considered for the selected class society for several groundbreaking Floating LNG (FLNG) and Floating Storage and Re-gasification Unit (FSRU) concepts. “We’ve been approached by leading energy operators to help them evolve gas technology that has typically been developed for land-based facilities,” says Ken Richardson, ABS Vice President Energy Project Development.
Arabian Gulf remains a dynamic growth centre for ship building and repair, says a leading maritime industry observer. “The region is one of the busiest commercial maritime hubs with the United Arab Emirates, Saudi Arabia, Oman and Qatar having major ports and shipyards with more being built,” said Christopher Hayman, Chairman of Seatrade, organisers of the region’s premier event focused on workboats to be held in Abu Dhabi later this year.
Barcelona Europe South Terminal handled the largest containership ever to call at the Port of Barcelona, the 16,600 TEU MSC London, it also set a new productivity record, discharging 618 containers, and loading 1,035, in less than eight hours: a rate of 212.58 moves per hour.
BG Group is preparing to deliver a first commercial liquefied natural gas (LNG) cargo to China from its new $20.4 billion Queensland Curtis LNG project in Australia.
Braemar Shipping Services PLC group announced that it has been appointed as Owner’s Engineers by Texas LNG Brownsville LLC (Texas LNG) for the proposed Brownsville LNG project. The project will be constructed in a deepwater frontage site along the Port of Brownsville shipping channel, South Texas, and is anticipated to export more than 2 million metric tonnes per annum (MTPA) of LNG, with the first shipments planned for export in 2019.
Box Ships reported adjusted revenues of $12.9 million, down 34 percent from $19.7 million in the third quarter of 2013 due to the lower time charter rates vessels earned year over year, and reported a net income of $5.6 million, or $0.17 per share.
Bestway Marine Technology Development signed the RMB650m ($105.2m) contract with inland river shipping firm Green Power Water Transport, which is 25 percent owned by the former and 10 percent owned by another subsidiary of Shanghai Bestway Marine Engineering Design.
BBC Chartering, the German based global provider of multipurpose and heavy lift shipping services, announced the launch of a new branch office in Bilbao, Spain. The services from the new branch commenced on April 10, 2014. The launching of the new office at Spain follows the recent opening of a French representation of the carrier that it has introduced during January this year. BBC Chartering’s global chartering operations are pillared on an effective regionalization strategy. Other regional presences of the carrier in Europe are in Antwerp at Belgium, Bremen at Germany, Genoa at Italy, Liverpool at UK, Istanbul at Turkey, and St. Petersburg at Russia. The carrier’s global and European headquarter is located in Leer, Germany.BrazilianPresident Dilma Rousseff approved new regulations to make its ports more efficient and attract up to $12 billion in investments as the country begins to tackle logistics bottlenecks hampering vast farm exports. The estimate is the value of planned private sector port projects already submitted to the government for approval.
Bibby Ship Management has won a prestigious contract with BP Exploration Operating Company to fully manage four Regional Support Vessels (RSV) and an additional two new-build Platform Supply Vessels (PSV) for operation in the North Sea. The award of the contract marks a key milestone for Bibby Ship Management in its drive to build on its expertise in the management of offshore vessels.British International Freight Association (BIFA)has welcomed the news that the US Maritime Alliance and the International Longshoremen’s Association have reached a tentative agreement for a new six-year master labour contract. “The tentative agreement is subject to the ratification procedures of both parties and, as well, to agreements being achieved in a number of local union negotiations.” said George H. Cohen, Director, Federal Mediation and Conciliation Service Director in a statement issued on the labour negotiations between the two sides.Braemar (Incorporating The Salvage Association), (Braemar SA), has taken its successful formula of Lloyds market briefings to Singapore, and launched a new series of market briefings held at both Asia Square, known as ‘mini’ Lloyds, and at a number of corporate headquarters including those of RSA, QBE and First Capital. “Rapid development has seen Singapore evolve into Asia’s marine insurance hub,” said Graeme Temple, Regional Director for Braemar SA in Asia, speaking after this successful event.
Cruise Shipping Asia-Pacific and the Seatrade All Asia Cruise Convention have combined to create the world’s largest annual cruise industry event purely focused on Asia – Seatrade Cruise Asia to take place in Busan, Korea at the Busan Exhibition and Convention Centre from 11-12 June, 2015.Carnival Corporation
celebrated the launch of P&O Cruises UK’s newest ship, Britannia, in a naming ceremony held in Southampton, England, to commemorate its entry into service for the P&O Cruises fleet.CaroTrans
announced a new all-water LCL import service from Shanghai to Atlanta via the Port of Savannah. It is a 32-day transit. Freight is deconsolidation at CaroTrans’ Atlanta CFS (container freight station) for timely cargo availability.
Cruise Lines International Association has joined the association as Diamond Elite Executive Partner. At the travel trade show ITB Berlin, CLIA and Qatar Airways signed the membership agreement.Carnival Cruise
Line will expand capacity on its four- and five-day short cruise programme from New Orleans by 34 percent when Carnival Triumph replaces Carnival Elation on this schedule next spring. In turn, Carnival Elation will reposition to Jacksonville, Florida, for year-round four- and five-day cruises and Carnival Fascination will shift to San Juan for year-round seven-day Caribbean cruises beginning in spring 2016, providing consumers with fresh and exciting new choices in these markets.
CKYHE Alliance received U.S. regulatory approval to further integrate its newest member, Evergreen Line, into its vessel-sharing agreement covering the trans-Pacific and trans-Atlantic trade lanes. U.S. Federal Maritime Commission unanimously voted to allow the revamped alliance consisting of Cosco, “K” Line, Yang Ming, Hanjin Shipping and Evergreen Line to go forward without a 45-day review.
China plans to spend an initial $40 billion for a “Silk Road fund” to invest in infrastructure and industrial and financial cooperation, aiming to “break the connectivity bottleneck” in Asia.
CMA CGM has started offering a new call at the key Indian hub of Nhava Sheva. The French line said the addition to its Swahili service would use Nhava Sheva’s NSCIT Terminal and would offer a weekly connection to India and Africa using seven 2,800 TEU vessels.
Container Corporation of India reported its net income rose 6 percent year-over-year in the first fiscal quarter to Rs. 261.88 crore.
Compania SudAmericana de Vapores, the Chilean shipper, announced that it has signed a binding deal with Germany’s Hapag-Lloyd to create the world’s fourth-largest container-shipping company. The terms of the agreement remain unchanged from those in the memorandum of understanding which the companies announced in January, including two capital increases totaling 740 million euros. The second capital hike, for 370 million euros, would be part of Hapag-Lloyd’s planned debut on the stock market. Vapores will contribute 259 million euros to the first capital increase thereby earning a 34 percent stake in Hapag-Lloyd. The business deal is subject to approval by the City of Hamburg’s Senate which is expected by April 30.Canaveral Harbor‘slong-awaited widening and deepening to allow larger ships greater safety margins for sailing in and out of Port Canaveral is scheduled to commence during April with completion in November 2014. The $35 million project will widen Port Canaveral’s 400-feet wide harbor by 100 feet and deepen the entrance by two feet to 46 feet . The uplands work at the Canaveral Harbor entrance will begin during April followed by cutting the land and building a retaining wall during the next 6 months and conclude with dredging at the widening for the next three months. This portion of the project is expected to be ready by November 2014 for the arrival of added large ships. Channel deepening of the remainder of the three-and-a-half mile length will continue through November 2015.
CMA CGM, the French shipping company, announced expansion of its range of liner services from Hamburg and including Black Sea ports in its schedule for the first time. The cause for the extension of the liner service, which was inaugurated in March 2013, is the increased demand for seaborne transport between Northern Europe and the Black Sea region. Also, imports and exports via Port of Hamburg for Turkey, focusing heavily on foreign trade, are steadily growing in importance.
COSCO Corp (Singapore) Ltd, the Chinese shipbuilder, reported a 71 percent fall in full-year 2013 net profit as a result of lower profit contributions from ship building and marine engineering segments. COSCO Corp, a subsidiary of state-owned maritime industry giant China Ocean Shipping (Group) Co, reported that its full-year net profit stood at S$30.6 million ($24.14 million). The company did not announced its fourth-quarter results. In the first nine months of the 2013, its net profit slumped 68 percent to S$26 million. COSCO also intimated that its order book was at $7.8 billion, up from $7.2 billion a quarter earlier.
CaroTrans, a leading global non-vessel operating common carrier and ocean freight consolidator, have announced a new cooperation with MOLAX LINE, the leading independent NVO in South Korea, with an aim to create a stronger, more robust LCL service network in the transpacific trade. MOLAX, with its 25 years of existence, has a well-established network supported by an experienced team of approximately 200 professionals. The CaroTrans-MOLAX alliance will offer secure, local service for import and export cargo transported between the U.S. and Northern Asia.
Cargill, the U.S. agribusiness company, announced that it bought a stake in a grain terminal in Russia’s port of Novorossiisk to boost its access to export facilities in the Black Sea. Cargill, one of four so-called “ABCD” companies that control the flow of agricultural goods around the world, has purchased 25 percent plus one share of indirect interest in the grain terminal Kombinat Stroykomplekt (KSK) from privately held Russian firm Deloports Limited. Cargill and Deloports, which still holds a 75 percent stake in KSK, however, declined to disclose the value of the deal.
Cruise Shipping Miami the cruise industry’s annual international conference and exhibition that draws more than 11,000 attendees and over 900 exhibiting companies from 100-plus countries, is scheduled March 10-13, 2014. The 2014 show marks the event’s 30th anniversary, and organizers are continuing a campaign that began in 2012 to expand and enhance the shows conference and trade show offerings. Cruise Shipping Miami features a three-day trade show at the Miami Beach Convention Center that runs Tuesday through Thursday, and a four-day conference that offers sessions Monday through Thursday. The current conference lineup includes four core tracks, or “streams,” including Shipbuilding, Operations and Technology; Destinations and Ports; Market Segments, and Product Development.
China Shipping Development announced that it had a first half net loss of 923 million yuan (HK$1.16 billion), and attributed it to the sustained downturn in the domestic and overseas shipping markets amid a weak global economy. The company, which is controlled by China Shipping Group, reported sales of 5.2 billion yuan for the January to June period, down 7.5 per cent.Cargotecthe Finnish marine equipment manufacturer’s operating profit slumped by 20 percent to €32.9 million ($43 million) as compared to the last year and sales dipped by 2 percent to €836 million ($1.1 billion) whilst orders were lower by 7 percent at €833 million ($1.09 billion). The company also expect that full-year sales is likely will be slightly below levels in 2012 and operating profit excluding restructuring costs will be similar to or slightly below last year’s figure.
CMA CGM recently completed the sale of a 49 percent stake in its container terminal business, Terminal Link, to China Merchants Holdings for $530 million. “CMA CGM is very pleased to enter a new strategic partnership with CMHI which will allow us to join our complementary forces to operate and further develop in Terminals investments,” said Farid Salem, CMA CGM’s Executive Officer.CAPSA (Compañía Auxiliar del Puerto, SA),the leading container logistics company at the Port of Santa Cruz de Tenerife, celebrated its 50th anniversary. The company, part of Grup Maritim TCB since 1999, has gradually improved its operational capacity due to experience and innovation.China Shipping Container Lines Co Limited,an international shipping and transportation company, has purchased five vessels from Korea’s Hyundai Heavy Industries Co Limited, to boost the competitiveness of the group’s fleet.
China Cosco,according to reports, is likely to raise as much as 27 billion yuan (HK$33.36 billion) selling assets to its parent. China Cosco announced that it plans to sell Cosco Logistics to state-backed parent company China Ocean Shipping. The unit, according to sources, may be valued at about seven billion yuan. The company is also considering selling other assets to China Ocean to raise as much as an additional 20 billion yuan. The final amount China Cosco will seek has not been decided and the plan may change. Shares in China Cosco fell after the logistics sale was announced, on concern that divesting the profitable unit would undermine earnings over the longer term. Tianjin-based China Cosco faces possible restrictions on its Shanghai-traded shares after warning of a “significant” loss for 2012, amid falling freight rates and rising fuel costs. Gains from asset sales may help China Cosco avoid a third straight annual deficit.
China Shipping Development Company’s venture is to order six LPG gas tankers worth nearly $1.2 million by June this year. According to Li Shaode, Chairman of the company, the move is to tap the raise in demand for LPG. The acquisition of the vessels will be through a venture owned by China Petrochemical Corp., also known as Sinopec Group, China Shipping and Mitsui O.S.K Lines Ltd and each ship will have a capacity to carry 174,000 cubic meters of natural gas, Li said.
Cochin Shipyard Ltd (CSL) delivered the second and the last of the series of high tech Rolls Royce series of Platform Supply Vessel, ‘SCI Yamuna’, to The Shipping Corporation of India Ltd, Mumbai. The vessel is dual classed under the Rules and Regulations of Det Norske Veritas (DNV) and Indian Register of Shipping (IRS) and registered under the Indian flag with Mumbai as the homeport.
Dutch Steder Group Logistics acquired all shares in the Greek company Delta Maritime. Steder said it will honour and fulfil all Delta’s current business and contract obligations of Delta under the entity’s new name Steder Delta Group SRL.
Descartes Systems Group announced that Customs Brokerage has significantly increased its shipment productivity since implementing Descartes OneView™ Forwarder Enterprise and Descartes OneView™ Customs House Brokerage (CHB) solutions.
DP World’s third cruise terminal in Dubai has been inaugurated. The Hamdan bin Mohammed Cruise Terminal is set to be the world’s largest covered cruise facility capable of welcoming 14,000 cruise passengers a day.
Daewoo Ship building and Marine Engineering yard in South Korea has ordered a total of 54 Wärtsilä dual fuel engines to power 172,600 cbm icebreaking LNG carriers being built for use in arctic conditions to serve the Yamal LNG project in Northern Russia.
DP World has welcomed the largest ever bulk carrier, The Saba Shipping’s “Mega Star”, vessel to call at Jebel Ali port carrying around 79,000 tonnes of reinforcing steel from Turkey, destined for Dubai.
DryShips announced its unaudited financial and operating results for the third quarter. The Company reported net income of $16.7 million, or $0.04 basic and diluted earnings per share.
D P World takes over all shares owned by Euroports in Trilogiport (Liège container terminal)taking full responsibility for the development of Trilogiport.
DP World saw volumes expand by a healthy 9.3 percent, year on year, in the first half of 2014.The result was achieved on a like-for-like basis excluding the UAE-based company’s major new capacity additions at the port of Embraport and London Gateway.
DB Schenker expands its intermodal service from North Asia to Europe. The customs bonded facility in Rinku, between Kansai International Airport and Osaka Port offers ideal conditions for the efficient combination of air and ocean freight between Asia and Europe and also the US. Customers can benefit from 50 percent shorter transit times than on the existing route via Dubai.
DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL, announced enhancement of their tracking capabilities by launching a new global ocean freight service called “Ocean Secure”. The service is designed for customers shipping sensitive or high value cargo, specifically from the Life Sciences & Healthcare, Technology, Automotive, and Consumer Goods industries. With the help of Ocean Secure, DHL and customers would be able to access real time tracking and temperature data at any given point and take remedial action if necessary. An integral part of the DHL Ocean Secure services is in-transit visibility and in-transit control. Customers will have access to real time information on the location and condition of their shipment at any given time via an online platform. In case of irregularities, a DHL team will initiate remedial actions. With the intervention points all over the world, customers would be able to make sure that their goods are taken care of quickly.Diana Shipping Inc.,a global shipping company specializing in the ownership of dry bulk vessels, has signed, through a separate wholly owned subsidiary, a shipbuilding contract with Yangzhou Dayang Shipbuilding and Shanghai Sinopacific International Trade for the construction of a Kamsarmax dry bulk vessel of approximately 82,000 dwt for a contract price of $28,824,900. The company expects to take delivery of the vessel during the second quarter of 2016. In addition, two new-building Ice Class Panamax dry bulk vessels are expected to be delivered to the Company during the first quarter of 2014 and two new-building Newcastlemax dry bulk vessels during the second quarter of 2016.
Dachser USA, announced that its revenue during 2012 rose by 17.5%, to more than US$127 million. Developing across America, the company recently opened an office in Rio de Janeiro, Brazil, and a bonded container freight station, I.B.E.C. and a bonded warehouse in Miami. Dachser also offers in-transit de-consolidation and on-forwarding services by combining the in-transit cargo with existing export consolidation cargo throughout the world, specifically, Latin America markets.Diana Containerships Inc.,a global shipping company specializing in owning and operating containerships, has announced that it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 1990-built vessel Maersk Malacca (renamed “Malacca”) for demolition, with delivery due to the buyers by early June 2013., for a sale price of approximately US$10.3 million before commissions.
DP World container terminals in Germersheim (Germany) and Beverdonk (Belgium) joined InlandLinks. This brings the total number of terminals to 33: 26 in the Netherlands, 4 in Germany and 3 in Belgium . At present, parent company DP World of the two inland terminals is constructing the Rotterdam World Gateway (RWG) container terminal at the Second Maasvlakte. The other participants in RWG are the shipping lines Mitsui OSK, NOL, Hyundai and CMA CGM. The terminal is scheduled to be commercially operational in Autumn 2014.
DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL, is further boosting Asia-Africa trade lane growth by expanding its multi-modal product combining ocean freight and air freight services to eight new destinations in Africa.
DB Schenker is expanding its Fast Moving Consumer Goods (FMCG) business in Belgium after winning Nestrade SA as new customer. This company is a 100 per cent subsidiary of Nestlé, the world’s number one food company.
Evergreen Group signed time charter agreements with Shoei Kisen Kaisha. (Shoei) to charter a total of eleven 18,000 TEU vessels, which include the six units of the same capacity announced by Evergreen Marine. (EMC) and its subsidiary last December.
Evergreen Line is to team up with Cheng Lie Navigation (CNC) to launch the new China-Philippines Service (CPH ) in order to offer a more comprehensive service to shippers and importers in the Philippines. Two ships of around 1,000 TEU will be deployed on the new weekly service, one each operated by the joint service partners.
European Waterways announced that its 2015 brochure is now available and being mailed out to its many partner agents. Printed on quality stock and featuring a wide array of colorful images, the brochure highlights all of the countries the company’s 18 vessels cruise throughout France, Italy, Holland and the British Isles.
Exmar group has reported a $51.7m profit in the first half, spurred on by the disposal of older LPG vessels.The group’s LNG fleet contributed an operating result of $18.5m for the first half, with the company pursuing a number of LNG projects including floating liquefaction and floating regasification to enable LNG import projects.
Etihad Rail, the developer and operator of the UAE’s national railway network, has signed a Memorandum of Understanding (MoU) with ZonesCorp for the joint planning of railway and logistics facilities within the Industrial City of Abu Dhabi (ICAD). The MoU outlines the collaboration between the two parties to integrate the rail network and terminal within the ICAD IV industrial area. Strategically located in close proximity to Abu Dhabi City, major transportation gateways, and logistics hubs, ICAD IV and the rail terminal within will increase industrial contribution to the Emirate’s GDP and contribute to economic diversification, in line with Abu Dhabi Economic Vision 2030 and UAE Vision 2021.
Ennore Port of India, with the commissioning of additional rail sliding, has increased its rail cargo handling capacity to 24 million tonnes (mt) a year. The port’s connectivity to the rest of the rail network in the south and north of the country have also improved with the commissioning of the Rs.51 crore railway siding. The port, which could handle six rakes a day so far, will now be able to handle 24 rakes of bulk cargo by rail.
European Union regulators will investigate the allegation that 14 of the world’s major container shipping companies, including A.P. Moller-Maersk, have been orchestrating price rises since 2009 for routes to and from Europe in breach of EU competition rules. The decision to launch an investigation followed raids carried out at the companies in several EU countries more than two years ago. Firms found guilty of violating EU rules are likely to be fined up to 10 percent of their global turnover.
EVERGREEN LINE is partnering with Hanjin to create its New Ho Chi Minh Service (NHS) in an attempt to link Korea, China, Vietnam, Singapore and Malaysia. The NHS service will employ four ships each with a 2,500 TEU capacity (one supplied by Evergreen and the others by Hanjin). The service will have a weekly frequency and a port rotation as follows: Kwangyang, Busan, Shanghai, Shekou, Ho Chi Minh City, Singapore, Port Kelang, Penang, Tanjung Pelepas, Singapore, Ho Chi Minh City, Kwangyang.
Ennore Port Limited (EPL), a Mini Ratna Government of India Undertaking made a post tax profit of over USD 0.03 bn for 2012-13, against a profit of USD 0.02 bn for the previous year and presented a dividend cheque of USD 0.008 bn to the Government . For 2012-13, EPL has declared a dividend of 20% on its equity share capital of USD 0.06 bn. It has also paid a dividend of USD 0.004 bn to Chennai Port Trust, which is the only other share holder, besides the government of India, since 2008-09.
Eurotunnel has been awarded with the ‘Green Flag Award(R)’for a ninth consecutive year. Its Samphire Hoe nature reserve won the award in recognition of the site’s inclusive public access, conservation and community involvement. The ‘Green Flag Award(R)’scheme is the benchmark national standard for parks and green spaces in England and Wales and encourages the provision of good quality public parks and green spaces that are managed in environmentally sustainable ways.
Essar Steel announced the launch of high end branded steel plate products for the Shipping and Logistics industry. These products, aimed at import-substitution, are manufactured at the company’s state-of-the-art plate mill located at Hazira, Gujarat.
Essar Ports Ltd has commissioned its 16-million-tonne (mt) dry bulk terminal at Orissa’s Paradip Port, which will handle iron ore, mainly for its group company, Essar Steel, and dry bulk cargo for third party contracts.
Emirates Shipping Line has announced General Rate Increases on multiple trade lanes. The carrier intimated that “in light of recent market developments” it was announcing GRIs on its Far East & South-East Asia to the Indian Subcontinent and Middle East trade lanes.
First Lady Cruises operates a fleet of Chicago’s finest cruising vessels accommodating anywhere from 2-250 guests. It operates the critically-acclaimed Official Chicago Architecture Foundation River Cruise aboard Chicago’s First Lady Cruises, an architectural boat tour that showcases Chicago’s renowned architecture and designs.
Fred. Olsen Cruise Lines took an amazing £2.1 million in revenue following the launch of its new 2016/17 cruise programme. Olsen recorded the highest amount of revenue that it ever has taken with £800,000 in sales being generated.
Fred. Olsen Cruise Lines is offering guests the chance to see one of nature’s most awe-inspiring sights, the majestic ‘Aurora Borealis’ this winter on its ‘In Search of the Northern Lights’ cruises aboard either Boudicca or Black Watch, sailing from Tilbury on 20th December.
Florida-Caribbean Cruise Association Conference & Trade Show opened gatherd about 1,000 cruise tourism stakeholders and 100 cruise executives, presidents and CEOs from the 15 FCCA Member Lines, which operate over 100 ships in Caribbean and Latin American waters.
French port Marseilles Fos totalled 583,287 TEU – up 7 percent on the first six months last year – marked by a 10 percent increase at the deepsea Fos terminals. Dry bulk and cruise passenger volumes also rose significantly, but total cargo throughput fell 6 percent to 38.23 million tonnes as oil trades continued to decline in line with market trends.
Forth Ports and the Port of Zeebrugge have signed a strategic agreement that aims to boost feeder connections between Belgium and the UK. Forth Ports-owned London Container Terminal at Tilbury has strong cargo volumes from South America, whereas Zeebrugge largely handles volumes from Asia. Dachser also offers in-transit de-consolidation and on-forwarding services by combining the in-transit cargo with existing export consolidation cargo throughout the world, specifically, Latin America markets.
François Hollande, French President launched the world’s largest containership, the CMA CGM Jules Verne, in its hometown of Marseilles. The containership, equipped with all of the latest environmental technologies, stands at 16,000teu and is 396 metres long and 54 metres wide.The launch coincided with celebrations to mark the 35th anniversary of the world’s third largest container shipping group.
Fincantieri and its Monfalcone Shipyard decided to continue with a well-tried Pemamek welding automation technology in shipyard’s production lines: Fincantieri ordered a unique profile processing line and one side welding station with laser-hybrid process and integrated milling.
Fujian province plans to build 15 new berths in 2013, adding 20 million tonnes capacity to provincial ports to exceed 450 million tonnes, which will bring expected container throughput to 11.2 million TEU. Fujian will focus on the construction of Xiamen southeast shipping centre and major port development in Haicang, Xiaocuo, Douwei, Dongwu and Jiangyin. It will speed up the construction of navigational channel projects of Sanduao, Pintan, Meizhou Bay, Quanzhou Bay, Xiamen Bay and Gulei.
FONASBA highlights complexity of ship agents’ role in the new Port Procedures Survey. Ship-owners, port users and regulators have been provided with a comprehensive and detailed overview of the many activities undertaken by port agents by The Federation of National Associations of Shipbrokers and Agents (FONASBA).
GAC has been appointed sole provider of hub agency services for the worldwide LNG fleet of BG Group. The agreement also covers crude oil and LPG shipments to accommodate BG Group’s expanding cargo range.
Global Marketing Systems has welcomed the announcement that German owner, Hapag-Lloyd, will no longer sell vessels to recycling yards that do not comply with strict environmental regulations and guidelines.
Georgia Ports Authority handled 3 million TEUs, over 700,000 auto and machinery units, and more than 29 million tons of cargo.The Port of Savannah handled a record 3.14 million TEUs in FY14, GPA said, up 6.3 percent year-over-year and the highest container volume ever moved by the port.
Global Shippers Forum (GSF) has welcomed progress by the IMO Marine Environment Protection Committee (MEPC 66) to commence analysing appropriate data collection methods as measures to enhance the energy efficiency of ships. GSF has stated that the decision effectively endorses the wider need for monitoring of maritime emissions, including subsequent recording and verification of emissions to make progress at an international level on reducing maritime emissions. The correspondence group will review submissions from IMO member states’ representatives and industry on what data should be collected to consider what further work is needed for establishing the appropriate metrics for monitoring maritime emissions.Georgia Ports Authoritystarted the year 2014 with a reckonable gain of 12.5 percent in twenty-foot equivalent container units (TEUs) and 7.3 percent in overall tonnage during January as compared to the figures recorded during January 2013. The Port of Savannah moved 259,159 TEUs, registering an increase from 230,372 over the same period a year ago. Freight moved across all terminals totaled 2.45 million tons thereby recording an increase of 7.3 percent or 166,544 tons compared to the same month in 2013. In Brunswick, Colonel’s Island Terminal led GPA terminals to a 6.1 percent increase in automobile and heavy equipment units moved during the fiscal year to date.
G6 Alliance had released details on port rotations for the proposed service expansion to the Asia-North America West Coast and Trans-Atlantic trade lanes, announced during early December last year. Subject to the completion of regulatory review process, the 17 services are scheduled to commence from the second quarter of 2014. The G6 Alliance was formed in late 2011 and began operation in March 2012 in the Asia – Europe and Mediterranean trade lanes. The cooperation was further expanded to the Asia – North America East Coast trade lane during May 2013. With the proposed expansion, the G6 Alliance will provide a network covering all three major East-West trade lanes, operating a total of 29 services. “
Guangdong has commenced executing a plan for the sea port development that started in 2011 and will run to 2015 during which time it will expand provincial port capacity to 45 million TEU or 1.2 billion tonnes in overall tonnage.
Hutton’s Group announced that its new depot in Luba Freeport, Equatorial Guinea, is now open for business. Serving maritime and offshore customers in West Africa, the Luba depot provides a comprehensive range of frozen and dry provisions and a wide selection of cabin stores.
Hamburg Süd has entered the east-west trade through signing a “global co-operation agreement” with United Arab Shipping Company. The two shipping companies, the world’s 11th and 18th biggest respectively according to Alphaliner, have agreed a slot-exchange which will give Hamburg Süd slots on several UASC routes.
Hapag-Lloyd has again raised its “on-carriage congestion surcharge” for import shipments handled at Jawaharlal Nehru Port (Nhava Sheva), indicating that India’s largest container handler is still battling clogged railyards and that equipment turn times for ocean carriers have yet to improve.
Hapag-Lloyd and Chile’s CSAV have completed their merger, edging out Cosco to become the world’s fourth largest container liner shipping line. The main processes of integrating CSAV’s container business into Hapag-Lloyd are expected to be completed by the end of the second quarter of 2015, said the Hapag-Lloyd release.
Horizon Lines announced that it would cease providing liner service between the U.S. and Puerto Rico by the end of 2014 due to continuing losses without the prospect of future profitability.
Hong Kong Container Terminal Operators Association and the Hong Kong Liner Shipping Association (HKLSA) jointly urged the government to provide 70 hectares of land to be integrated with the existing container terminals to create a Kwai Tsing Port Zone (The Port Zone) to boost Hong Kong port’s competitiveness.
Holland America Line recently announced the name of its newest and the largest cruise ship to date, currently under construction at Italy’s Fincantieri shipyard. Capable of carrying 2,650 passengers and clocking in at 99,500 tons, the ship which will set sail in February of 2016 will be called Koningsdam.
Hapag-Lloyd and Compania SudAmericana de Vapores will win conditional European Union approval for their merger that will create the world’s fourth-largest container shipping company.
Hapag-Lloyd swung to a €54.2 million ($72.6 million) net loss in the 2Q from a €20.9 million profit a year ago as falling freight rates and a weaker dollar offset a modest increase in container traffic.
Hamburg and St. Petersburg port representatives gathered for the traditional Port of Hamburg reception in St. Petersburg hosted by Port of Hamburg Marketing (HHM) and dicussed cooperation in business.
Hamburg Süd has signed a preliminary agreement to buy the container liner activities of Compañía Chilena de Navegación Interoceánica (CCNI).The two companies said the purchase would including the related general agency functions, and was scheduled to be executed by the latest on 31 December, 2014 – subject to due diligence, execution of a sale and purchase agreement and approval by the competent authorities.
Hapag-Lloyd announced that it had increased its operating result and volume in 2013 financial year. According to the company, it improved its result and transport volume in the previous financial year despite persistently tough competition. EBITDA increased year-on-year by EUR 54.6 million to EUR 389.1 million. The operating result also saw a significant improvement, climbing by EUR 41.0 million to EUR 67.2 million, indicating that Hapag-Lloyd performed well in comparison to its competitors. Due to its global liner network with almost 100 services, Hapag-Lloyd was able to take full advantage of growth opportunities in a difficult market. Transport volume rose by a total of 4.6% to approx. 5.5 million TEU across all trades in 2013.
Hapag-Lloyd announced launch of its own Sweden Denmark Express (SDX), a new complementary service, that would directly connect ports in Denmark and Sweden with Hapag-Lloyd’s worldwide network via Hamburg. The new complementary service is scheduled to commence from mid of March 2014. The fixed weekly service will be calling on the following ports in rotation – Hamburg – Copenhagen- Helsingborg – Aarhus – Hamburg. In addition to the existing network of Hapag-Lloyd, the Sweden Denmark Express (SDX) will further extend its port coverage in the Baltic Sea and links the ports of Copenhagen, Helsingborg and Aarhus via the hub port Hamburg for connectivity to Hapag-Lloyd’s global service network.
Hanjin will withdraw from the North Europe/US East coast trade by the end of April this year. Hanjin will withdraw as a vessel provider on the TranAtlantic Express service, known as the TAE/TAS1. The last sailing westbound from Antwerp is scheduled for April 28 and will arrive in New York on May 12. According to Hanjin, the reason for withdrawal is “continual dismal market conditions.” The service was Hanjin’s only North Europe/USEC service. The only other Atlantic service covers the India/Mediterranean/US East coast trade and is operated by UASC and Hanjin.
Hoffberger Holdings Inc (HHI) has announced an expansion of its Port of Baltimore MD distribution center at the Chesapeake Commerce Center adjacent to the Seagirt Marine Terminal, Baltimore’s international container terminal. The facility will be operated under the MTC Logistics banner, which has been operating temperature-controlled distribution centers since 1928. The expansion is projected to be completed at the end of the third quarter 2014 and will add around 25 more positions.
HAPAG-LLOYD will restructure and upgrade the Baltic Service Network. The existing Baltic Sea Service (UFE) and the new complementary Baltic Sea Express (BAX) are directly connecting German Hubs with ports in the Baltic and Poland. Both alternating services are operated with two vessels and provide a fixed day weekly service. Its first voyage will start from Hamburg on December 1, 2013 covering the following port rotation: Hamburg, Bremerhaven, Riga, Tallin/Muuga, Klaipeda, Gdynia and Hamburg.
Hyundai Glovis, the South Korean shipping company, wrapped up the nation’s first cargo transportation through a North Pole shipping route emerged as a result of the melting Arctic sea ice. The information was released by the country’s Ministry of Oceans and Fisheries. After its 35-day navigation, the Swedish icebreaker Stena Polaris carrying 44,000 tons of naphtha for Hyundai Glovis arrived at Gwangyang Port, South Jeolla Province of South Korea on 21 October. The icebreaker Stena Polaris set sail from Russia’s Ust-Luga port on Sept. 16 and traveled a total distance of about 15,000 kilometers. The Arctic passage is expected to cut the travel distance from South Korea to northern European countries by 7,000 kilometers and the duration of the journey by around 10 days, compared to the use of the conventional shipping route through the Indian Ocean and the Suez Canal.
Hellmann Worldwide Logistics UK, has announced that it is to join the UK Pallets network having been chosen by the company to take over the European pallet membership from the month of September.: “This is a really positive step for the company and we are delighted to be working so closely with UK Pallets.
Hapag-Lloyd intimated that intense competition on the Asia to Europe route, one of the world’s busiest, had depressed second-quarter revenues and profits. Container prices averaged $622 per tonne in the period, down more than 10 percent from last year’s $694, more than three times the level in 2009 at the height of the global economic downturn. The average freight rate fell 6 percent to $1,499 per TEU, a measure of container ship capacity, down from $1,594 recorded in the same period last year.
Hudson Shipping Lines, Inc. (“Hudson”), a dry bulk Supply Chain Management company operating a fleet of 42 dry bulk vessels, has announced their fleet has achieved an average carbon dioxide efficiency rating of “C” using RightShip’s Existing Vessel Design Index (EVDIä) and Greenhouse Gas (GHG) Emissions Rating.
Hyundai Heavy Industries Co, South Korea’s leading shipbuilder, intimated that it has secured a US$ 2 billion deal to build two offshore facilities for France-based Total SA. Under the deal with Total’s South African affiliate Total Congo, Hyundai Heavy will build a floating production unit for $ 1.3 billion and an offshore platform for $ 700 million. The two facilities will be installed in the Moho Nord oil field, about 80 kilometers from Pointe-Noire, a southern coastal city in Congo. Hyundai Engineering & Construction Co. has won a 2.1 trillion won (US$1.9 billion) order to build deep-sea oil transportation and treatment facilities from the Satah Al Razboot (SARB) oil field in the United Arab Emirates. The company intimated that the construction order, awarded by the Abu Dhabi Marine Operating Company, is expected to be completed in 54 months from March 2013
Hanjin Shipping is restoring rates on Asia-Europe trade by imposing US$500 per TEU and US$1,000 per FEU on Dry, Special and Reefer shipments. Hanjin Shipping intimated that these rate increases are inevitable to cover current losses and maintain quality service. The Asia – Europe Rate Restoration Plan will apply to Far East Asia & South East Asia to North Europe & Baltic & Scandinavia route, IPBC & Middle East to North Europe & Baltic & Scandinavia route, Far East Asia & South East Asia to Mediterranean and North Africa route, and IPBC & Middle East to Mediterranean and North Africa route.
Hong Kong Liner Shipping Association (HKLSA)and the Hong Kong Ship-owners Association (HKSOA) welcomed the statements made in the Chief Executive’s Policy Address for 2013 in support of reducing emissions in the maritime sector. The announcement that the government will seek to introduce legislation to make switching to lower sulphur fuel compulsory in Hong Kong port and to step up its efforts with the Guangdong Provincial Government to extend fuel switching to Pearl River Delta ports will build on the voluntary action already taken by the shipping industry to reduce emissions in Hong Kong under the Fair Winds Charter (‘FWC’).
Hong Kong port in the third quarter handled 5.9 million TEUs of containers, registering decrease by 7% year-on-year. Within this total, laden containers decreased 8% to 5 million TEUs, while empty containers also dropped 6% to 900,000 TEUs. Among laden containers, inward containers fell 6% to 2.5 million TEUs, while outward containers also dropped 9% to 2.5 million TEUs.
Hong Kong Marine Department reported that the port handled 1.9 million TEU in October, representing a year-on-year decline of 9.9 per cent as compared to the 2.1 million TEU in October of last year.
Horizon Lines, Inc. has received honors for environmental stewardship from the Chamber of Shipping of America (CSA) and from Supply & Demand Chain Executive magazine.
International Chamber of Shipping highlighted important issues associated with the growth of Arctic shipping and expressed confidence in the industry’s environmental performance. ICS stressed the critical importance of a mandatory and uniform regulatory framework to ensure maritime safety and environmental protection, as the volume of Arctic shipping gradually increases in response to new interest in developing the region’s natural resources.
International Chamber of Shipping is hopeful progress can now be made towards improving the facilitation of shore leave and crew transfers for the world’s 1.5 million merchant seafarers, who collectively transport about 90% of world trade.
Ivory Coast gets $875 million loan from China Eximbank for port construction. China Eximbank has loaned Ivory Coast around 466 billion CFA francs ($875 million) for the construction of a second container terminal at Abidjan port, the director general of the port said.
IMCO General Construction will begin work on a $2.55 million upgrade project at the Port of Everett’s South Terminal to strengthen the wharf to support roll-on/roll-off (Ro/Ro) cargo operations. This major infrastructure investment will strengthening 140-feet of the 700-foot dock to create a “heavylift” pad in the northwest corner of the wharf. Work is expected to be completed in May 2015.
International Bunker Industry Association called on the world’s ports to sign up to a Port Charter scheme to improve bunkering standards.
Indian government has approved new guidelines for coastal shipping. With this move government aims at promoting coastal shipping to reduce pressure on rail and road transport systems. The Ministry of Shipping has issued new guidelines under which 12 major ports will have to give priority berthing to dry bulk or general cargo coastal vessels irrespective of the origin and final destination of the cargo.
Imagine Cruises in Port Stephens launching a new series of its seafood dinner cruises this summer, giving guests the opportunity to swim in a sheltered cove at sunset while sailors cook fresh fish and prawns on the boat’s barbecue. The relaxing, two-hour cruises aboard the catamaran, Imagine, will offer guests the chance to spot Port Stephens’ bottlenose dolphins and see the rich natural diversity of NSW’s mid north coast.
Institute of Marine Research has selected Optimarin’s market proven ballast water treatment (BWT) system for its new flagship Dr Fridtjof Nansenensuring the NOK 450million ($73million) newbuild inactivates marine organisms transported in its ballast tanks.
India’s Tariff Authority for major ports has turned down a proposal by Jawaharlal Nehru Port Trust to impose new fees on shipments moving via Gateway Terminals, an APM Terminals facility in the country’s largest state-owned container port.
Indian government has announced plans to award 16 new public-private partnership port development contracts at major ports during the current fiscal year (2014-15), which ends on March 31, 2015.
Indian government is considering institution of five new public private partnerships to develop the country’s container port sector. The government is studying the feasibility of a fourth container terminal at Jawaharlal Nehru Port Trust, the country’s largest box hub with 4.2m teu handled in 2012, through a design, build, finance, operate and transfer basis. The other port projects under review include new container terminals at Ennore, Kandla, Kolkata and a multipurpose facility at Mumbai.
International Chamber of Shipping (ICS), the global trade association for the shipping industry, has called for all future proposals for environmental regulation that impact on ships to be subjected to a full and proper cost benefit analysis before adoption by the International Maritime Organization (IMO). ICS used the occasion of IMO World Maritime Day to explain its views on sustainable shipping, and has produced a special brochure for maritime policy makers. ICS has set out how the shipping industry supports the goals for sustainable development agreed by world leaders at last year’s United Nations Summit on Sustainable Development.
International Bunker Industry Association (IBIA) supported the United Kingdom’s call for the International Maritime Organisation (IMO) to bring forward its review of the availability of 0.50% sulphur fuel. According to IBIA, as more and more locations declare ECA requirements, the latest being Hong Kong, there is greater the demand for low sulphur fuel. The shipping industry is in need of some definitive dates to plan implementations on board for refining the industry and the bunker sector. Uncertainty around dates is likely to delay crucial investment decisions and IBIA believes that the shipping and oil industries need clarity.
Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has launched an Advanced Cargo Information (ACI) department for Canadian ports following new regulations and procedures for cargo and vessel reporting by the Canada Border Services Agency (CBSA).
Indus Container Lines (Gujarat) Pvt Ltd (ICL) has announced the launch of a new direct service from Cochin and Chennai to Europe. The service will be operated on the NEMO service offering direct connections ex-Cochin and Chennai to Rotterdam, Hamburg and Genoa. ICL will be represented by dedicated third-party agencies — Consolidated Shipping Lines (CSL) in Kochi and Seamax Shipping India in Chennai. ICL is part of the Natvar Parikh Group.
International Chamber of Shipping (ICS) – the principal international trade association for shipowners, representing all sectors and trades and over 80% of the world merchant fleet – has voiced serious concerns about toll increases just announced by the Suez Canal Authority (SCA), to be implemented on 1 May 2013. For all but the smallest ships, the Suez Canal toll increases range from about 3% to 5% according to tonnage and ship type. These follow across the board increases of 3% which were implemented in March last year despite industry protests.
InterManager, the international trade association for the ship and crew management sector, has commenced the year by welcoming a new member. -Ukrainian crew manager Alpha Navigation. Alpha Navigation was accorded Full Membership which InterManager Secretary General Kuba Szymanski considered as a significant move.
Indonesia Chamber of Commerce and Industry (Kadin) will import 2,500 units of short sea ship from China with an aim to improve the logistics and distribution performance among ports scattered throughout the archipelago, an Indonesia official said. Natsir Mansyur, Vice Chairman of Kadin’s Trade, Distribution and Logistics division said Kadin has signed the agreement with China and the total of 2,500 units ship worth $5 billion will be delivered gradually within 5 years starting 2013.
India’s cargo traffic is expected to grow by 4% during 2013-14. After a tepid 2012-13, cargo traffic at major Indian ports is expected to grow by 4% in 2013-14, says the Centre for Monitoring Indian Economy (CMIE). Cargo volumes, in fact, are expected to decline in 2012-13 as iron ore cargo will likely fall sharply because of the restriction imposed by the Supreme Court on iron ore mining and exports in Karnataka and Goa, said the report . According to the reports “although iron ore cargo is expected to fall even in 2013-14, an increase in the cargo volumes of other commodities including petroleum, oil & lubricants (POL), container, coal and fertilizer is likely to more than offset the impact of the fall. Hence, cargo traffic handled by major ports is likely to increase to 568.5 million tonnes in 2013-14 from the 546.4 million tonne estimated for 2012-13.”
International Chamber of Shipping (ICS) has launched its latest ‘Shipping Industry Flag State Performance Table’ which can be downloaded from the homepage of the ICS website (www.ics-shipping.org)
International Chamber of Shipping (ICS), which represents over 80% of the world merchant fleet, has issued a new position paper on Arctic shipping. As the Arctic becomes more accessible, ICS has set out some key principles with regard to the future governance of Arctic waters.
International shipping volumes rose 4 percent last year to a record 8.7 billion tonnes even as prices fell sharply owing to surplus capacity, and according to the the UN’s Conference on Trade and Development’s (UNCTAD) Review of Maritime Transport 201, despite increasing demand, “world ship supply capacity expanded much faster, at a rate of 10 percent, reaching for the first time a total of 1.5 billion deadweight tons,”.
International Shipping Federation (ISF), which represents maritime employers globally, stated that the low level of implementation of the International Labour Organization (ILO) Convention 185, concerning the facilitation of shore leave and crew transits, is a continuing source of disappointment.
Japan puts its support behind beaching yards in india. Ship recycling yards in India, Pakistan and Bangladesh need to be part of the global scheme of sound ship recycling and those yards in Alang which have invested in fully upgrading their facilities to meet the terms of internationally-agreed rules should be rewarded by winning more business.
John Good Shipping has announced the launch of a new multi-purpose service between UK/North West Continent and the US Gulf/Mexico-US East Coast, as part of its liner agency agreement with MACS Maritime Carrier GmbH & Co.
J. Poulsen Shipping and Hamburg Bulk Carriers signed in a cooperative agreement. Cooperation will in the short term allow better use of the two companies’ resources, while in the long term can lead to a full merger of the two companies, the companies wrote in a released statement.
Jotun and United Arab Shipping Company have reached agreement on the provision of advanced antifouling coatings for 11 newbuild container vessels. The contract is part of UASC’s ambitious US$ 2.3 billion newbuilding programme.
Jawaharlal Nehru Port Trust in India has won approval from the Union Ministry of Commerce and Industry for Phase I of its long-planned port based special economic zone project.
Jamaican government, according to Jamaica’s state information service, has signed a preliminary agreement with China Harbour Engineering Co(CHEC), one of China’s leading construction companies, for the development of a controversial transshipment hub off its southwest coast. The framework agreement with China Harbour Engineering Co(CHEC) is expected to aid development of the Portland Bight Protected Area southwest of the capital, popularly called the Goat Islands, which are inhabited by insects and small reptiles and covered with wild vegetation. The area surrounding the islands serves as a breeding ground for fish and other marine species, which has led to stiff resistance to the project from local environmentalists.Japanhas passed a bill according permission for the government to acquire equity stakes in the operators of key domestic container ports to help shore up their international competitiveness. The approval for the bill to amend the Ports and Harbors Act was accorded by the House of Councilors, the upper house of the Diet, Japan’s parliament on April 23. The bill already has been passed by the House of Representatives, the lower house, earlier. The revised Ports and Harbors Act specifically allows the government to acquire equity stakes in the operators of “strategic international container ports.” The government, during 2010, had designated “the Ports of Keihin” and “the Ports of Hanshin” as strategic international container ports. The Port of Tokyo, the Port of Yokohama and the Port of Kawasaki collectively form the Ports of Keihin, while the Port of Osaka and the Port of Kobe make up the Ports of Hanshin. The companies operating the three ports in the Keihin area of eastern Japan are expected to merge in 2014. The operating companies of the two ports in the Hanshin area of western Japan are expected to follow suit in 2015.
Japan’s container exports,according to Nittsu Research Institute and Consulting Inc., a Tokyo-based research firm, are expected to rise by 3.1 percent in fiscal 2014. According to the report, Japanese containerized cargo exports will rise for the second consecutive year in financial 2014, which starts on April 1, amid a moderate recovery in the global economy. The report further indicates that after two years of decline, loaded container cargo exports from nine major Japanese ports will increase by 1.1 percent to 5.082 million twenty-foot equivalent units (TEU) in financial 2013 and then by 3.1 percent to 5.242 million TEU in fiscal 2014.
Japan’s sixty-four container ports, according to a report compiled by the Harbor Modernization Promotion Committee, handled a total of 8.65 million TEU of containerized export and import shipments (loaded and empty) in the first six months of 2012 leading to increase of 1% year on year. The Big Five ports viz. Tokyo, Yokohama, Nagoya, Osaka and Kobe were responsible for 6.716 million TEU, rising a minute 0.6%. Out of the loaded containers processed at the 64 ports, exports totaled 2.812 million TEU, registering a decrease of 0.5%, while imports amounted to 4.037 million TEU, registering an increase of 1.2%.
Jawaharlal Nehru Port (JN Port) handled 64.21 million tonnes of cargo during the calendar year 2012 as against 65.75 million tonnes during the previous year, registering a decrease of 2.33 per cent. Of the total, the share of containerised cargo was 57.78 million tonnes (89.98 per cent), liquid cargo 5.70 million tonnes (8.88 per cent) and the remaining 0.73 million tonnes (1.14 per cent) was miscellaneous cargo in the form of dry bulk and break-bulk.
Jurong Port Pte Ltd. and China’s SDIC Yangpu Port Co (SDIC YPP) have established a joint venture company, SDIC Jurong Yangpu Port Co Ltd to manage and operate Yangpu Port on southern China’s Hainan island.
JES International, Singapore-based shipyard, has signed an agreement to build four additional platform supply vessels (PSV) for a Norwegian ship owner. JES has entered into agreement to grant an option to the same Norwegian customer for constructing an additional four “UT 755 LN” PSVs. Once the option is exercised by the customer, the Group shall deliver the four PSVs under the option by the first half of 2015.
KVH Industries has completed several capacity increases for its mini-VSAT Broadband network to support heightened demand from customers engaged in a wide range of commercial maritime activities around the world, including offshore oil and gas, fishing, and shipping.
Korea Development Bank has made plans to allocate up to $1 billion for supporting small and medium-sized shipping companies. The state-run bank said that it will launch the “KDB Ocean Value-up Fund” within this year to sharpen the competitiveness of the local marine industry.
Kuehne + Nagel is continuously enhancing its CO2 emission calculating capabilities and is the first to offer its customers exact data instead of estimations.
“K” Line will open an office in Yangon, Myanmar, in January 2014. The container line will appoint Japanese personnel from its head office in Tokyo for the new office. “By assigning Japanese personnel to Yangon, ‘K’ Line will be able to have direct contact with the Myanmar industrial community in order to gather and better evaluate information related to infrastructure and local companies in Myanmar,” the carrier said. “K” Line has already secured the office in Yangon and aims to eventually develop business by establishing a joint venture with a local company.
Kalmar, part of Cargotec, has completed the relocation of an 850 ton Kalmar ship-to-shore (STS) crane for its customer the Port of Helsingborg, Sweden (Helsingborgs Hamn AB). The order was signed in September 2013 and the work was completed within a two week time frame during November. The complex project, which was handled by Kalmar’s specialist Crane Services Competence Centre for North Europe located in Rotterdam, required the STS crane to be moved by barge from the customers Scania Terminal Quay 705 to the West Harbour, Helsingborg Quay 906.
Kingston Container Terminal (KCT) of Jamaica’s is at an advanced stage of its expansion with a concessionaire for the multi-million dollar project which is expected to be named by the first quarter of next year. Speaking to reporters, Audrey Sewell, Permanent Secretary for the Jamaican Ministry of Transport, Works and Housing, announced that a shortlist of bidders for the expansion and modernisation of KCT has now been reached at, with DP World, PSA International, and Terminal Link Consortium making the final cut. Sewell also intimated that following the completion of a borehole study, the three companies will be invited to respond to a Request for Proposal (RFP), reported the Jamaica Information Service.
Kerry Logistics announced the acquisition of a majority stake in Cargo Master’s Group (CMG), a Mexico-based logistics and freight forwarding company, with a domestic network of six offices throughout the country, including Guadalajara, Queretaro and Monterrey. This is Kerry Logistics second major investment in Latin America this year following the acquisition of Braservice of Brazil in June.
Kuehne + Nagel Group has announced that it had achieved an 8.1 per cent increase in earnings before taxes (EBT) for the first half of 2013. As an outcome of the strong increase of seafreight volumes in April 2013, growth slowed down to a moderate level in the following two months. Overall, Kuehne + Nagel has been able to increase its container volumes by 3 per cent and air cargo tonnage by 3.7 per cent in the first half of the year.
Kuehne+Nagel, which booked 3.4 million teu in 2012, is hopeful that the P3 shipping line alliance will go ahead as planned, although the Switzerland-based forwarder sees little change for freight rates in the short term. Maersk Line, Mediterranean Shipping Co and CMA CGM are also set to launch their P3 network on the Asia-Europe, transpacific and transatlantic trade lanes by second quarter 2014, subject to regulatory approval.
Kolkata Port Trusthas reportedly not got the desired response to its fresh tender inviting a new contractor after the ABG-LDA-led Haldia Bulk Terminals (HBT), which was handling cargo at Haldia Port (berths 2 and 8), exited mid-way.
Kolkata Port Trusthas proposed to levy a royalty of Rs 25 per tonne on cargo handling companies operating at the Haldia Dock Complex (HDC). This is for the first time in its 35 year history that the port facility will be imposing such a royalty for using its facilities. If KoPT officials are to be believed, this is the first major port in the country that would be charging royalty from cargo handlers.Krishnapatnam Portin Andhra Pradesh of India plans to compete with the neighbouring ports in handling the export of cars manufactured in Chennai and Bengaluru regions. The Port, located 180 km north of Chennai, is currently in the process of constructing a roll-on roll-off (RoRo) berth at its south terminal.
Kieserling Group, the Bremen-based enterprise will merge with the owner-operated Indian logistics service provider Compass Ocean Logistics to form Compass Logistics International AG with 40 branches in 18 countries. The new company will have dual headquarters in Bremen/Germany and Dubai.
Kandla Port has been accorded approval for a USD 0.12bn project for import of crude oil by the Government of India. The project will enhance the port’s capacity by 12 million tonnes per annum to 104 million tonnes per annum.
Lamêlée Iron Ore has inked a memorandum of understanding with Canada Steamship Lines a division of the CSL Group pursuant to which Lamêlée and CSL will work together to evaluate the best means to effect the transhipping of iron ore concentrate to ocean going vessels from Port-Cartier.
Liquefied natural gas (LNG) powered vessels expected to go into service on the west coast of the U.S. The conference will focus on the opportunities, logistics, and obstacles for the use of LNG as a vessel fuel, including potential regulatory oversight.
LD Lines has unveiled plans to further expand its ferry service network to Spain. From January this year, the French operator had commenced operating a weekly sailing between Poole and Gijón. It already serves Gijón from the French port of Nantes-St Nazaire. LD Lines will soon be launching the “first-ever ferry link between Ireland, Western France and Northern Spain,” connecting the ports of Rosslare, St.Nazaire and Gijón with a weekly round trip. The new routes will be served by the Norman Asturias and its sister ship Scintu with each having capacity to handle up to 110 freight vehicles or 150 trailers. Expansion follows “positive early haulier response” to the company’s new Poole-Santander route with freight traffic ultilisation of up to 90 percent since the service commenced in early November 2013.
Liebherr Mobile Harbor Cranes (LHM) has received orders from the Middle East for two LHMs and the first LiSIM® LHM 550 unit for the region, to facilitate state-of-the-art crane operator training. In addition, one Liebherr Reachstacker has also been delivered to the region. Traditionally, the Middle East/India/Africa region (MIA) has represented a very important market for Liebherr Mobile Harbour Cranes (LHM). Liebherr has sold more than 40 mobile harbor cranes during 2013. The company so far has delivered over 300 LHMs to MIA.
Logwin has opened a new office in Kolkata, India, to facilitate serving of its customers in the country’s eastern region. The company intimated that the office’s central location would provide easy access to Kolkata Port and a new international airport planned to open in Durgapur at the end of 2013. In addition, Logwin has also relocated its Chennai center to another part of the city where the company runs a transit warehouse, with a view to achieve extra space for operations.
Los Angeles and Long Beach Ports honored five companies for their extraordinary contribution towards fighting the harmful emissions at the 6th Annual Clean Air Action Plan (CAAP) Air Quality Awards held in San Pedro. The CAAP Air Quality Awards was instituted shortly after the approval of the historic San Pedro Bay Ports Clean Air Action Plan in 2006 by the ports of Los Angeles and Long Beach.Lockheed Martin,according to a statement issued by the firm, is developing new fuel tanks that will be used on ships, trains and trucks powered with liquefied natural gas, joining the growing ranks of companies invested in using the abundant domestic fuel in transport. Garnering expertise from building external space shuttle tanks, the Pentagon’s biggest supplier is already supplying Finish marine engine maker Wartsila with two liquefied natural gas fuel tanks that will be used in medium-sized ocean supply ships, a spokesman said.Logwin, a global leader in air and ocean freight and logistics services, has opened a new office in Shantou, a growing port city strategically located between Shenzhen, Hong Kong and Xiamen. This is the fourth office Logwin has opened in China in 2012.
Maritime Administration released a first-of-its-kind, public database that chronicles U.S.-flagged, privately owned domestic articulated tug-barge (ATB) and integrated tug-barge (ITB) vessels.
Maritime Administration has announced the extension of the Voluntary Intermodal Sealift Agreement (VISA) program until October 1, 2019. The VISA program creates a partnership between the U.S. government and the maritime industry to provide commercial sealift and intermodal shipping services and systems necessary to meet military mobilization requirements.
Maersk Line has joined 10 other container lines and shipowners in a group known as the Trident Alliance to test enforcement of the new low-sulfur fuel regulations that go into effect on Jan. 1, 2015, in so-called emission control areas in North Europe and North America.
Maersk Line will spend around $3 billion a year from 2015-19 on new ships to butress its position as the world’s biggest container shipping company, it said,“The current orderbook (is) not sufficient to grow with the market.
Mitsui Engineering & Shipbuilding foreseeing the effects of the shale gas revolution to maritime industries, has been developing a new type medium size multi gas carrier for sea transport of liquefied natural gas (LNG) and co-products of shale gas, such as ethane and ethylene gas (LEG).
Maersk Line will be implementing Port Congestion Surcharge (CON) for North America Export cargo discharged at Sohar, Oman. This surcharge is to cover the additional vessel costs associated with delayed berthing in a congested port.
Maersk Line and Geneva’s Mediteranean Shipping Company submitted their 10 year agreement known as 2 M with the US Federal Maritime Commission(FMC) towards clearing the deck for a tie up that would change the landscape of the container trade in the next decade.
Marseilles Fos port authority is targeting mid-2015 to complete the €28 million renovation of its giant drydock 10 to provide a strategically located base for cruise ship repair and maintenance.At 465 metres long and 85m wide – the third biggest in the world after Lisbon and Dubai – the drydock will offer a unique facility for the latest-generation fleet in the Mediterranean, where 65 percent of the world’s largest cruise vessels operate.
Maersk Line had announced that the proposed alliance is between them and Switzerland-based MSC Mediterranean Shipping Company and France’s CMA CGM, the world’s top three container shipping firms which could control more than a third of the market, is likely to start operating in mid-2014 as the tie-up has been given approval by the U.SW. Regulators. The grouping has been criticised by cargo owners and shippers’ groups because of fears it could dominate the key routes, pushing out smaller carriers and potentially driving up prices. The approval from the U.S. Federal Maritime Commission (FMC) will apply only to routes to and from U.S. ports. The alliance still needs approval from Chinese and European regulators before it can become fully effective.
Mexican maritime industry and Philadelphia regional port community is considering moving cargo by ship, so as to avoid a long-standing preference for trucks, between Veracruz and the Delaware River. Though the proposed 4-day crossing is cheaper, faster, cleaner and safer than travelling the countries’ highways, regular shipping services between the two cities has not been in place for an estimated 40 years. The changeover could yield substantial economic benefits to both ports since Mexico is already engaged in about $10 billion in bilateral trade with the region. Exported goods include chemicals, machinery, computers and electronic products, food, plastic, rubber, paper and wood products.
Morrison & Foerster is advising Global Logistic Properties Limited (GLP), the leading provider of modern logistics facilities in China, Japan and Brazil, in its landmark agreement with a group of strategic partners. The transaction, valued at US$2.5 billion, is expected to substantially strengthen and further develop GLP’s logistics network in China. Morrison & Foerster opened its Singapore office, the firm’s fifth in Asia, early last year to support clients’ deepening commitments to South and Southeast Asia. Ever since the opening, the firm has worked on a number of major cross-border transactions originating in Singapore.
Mudnra International Container Terminal, during 2013, has completed 10 successful years of servicing and operational excellence at the Port of Mundra . Right from the commencement of its operations, MICT has emerged as a strong terminal and is fast approaching the threshold of 1 Million TEUs. MICT pioneered the container revolution in the Kutch Region and has emerged as the Golden Gateway for the North and North West regions of the Indian subcontinent.
Maersk Line, the world’s leading ocean transportation company and a unit of the A.P. Moller-Maersk Group, announced the formation of a regional, containerized shipping company named SeaLand which is dedicated to the intra-Americas market. The new company will have a structure similar to Maersk’s other successful regional carriers including the intra-Asia carrier MCC Transport and intra-Europe carrier Seago Line. SeaLand will feature knowledgeable, local sales and support personnel positioned in North, Central, and South America, as also the Caribbean, to cater to the exclusive needs of customers throughout the region. Maersk Line’s existing intra-Americas service network will be the foundation for SeaLand’s ocean products.
MSC Cruises announced an impressive plan to name its fleet of four ships after classic music. The program, originally named ‘Renaissance,’ will affect MSC Armonia, MSC Lirica, MSC Sinfonia, and MSC Opera, and will be completed by 2015. The contract which has a total value of nearly 200 million euros has been entrusted to Fincantieri, one of the world’s largest ship-building groups. The program includes the addition of new spaces dedicated to entertainment, the adoption of cutting-edge technology, renovation, spaces, and decor, the on-board boutiques, and the addition of approximately 200 new cabins to each ship. The vessels will be equipped with a new aqua park with water games and water cannons.
Millard Maritime, a leading Gulf Coast port and cargo solution provider, and HELM Fertilizer Corporation, a major fertilizer distribution and marketing company for the Americas, have announced a partnership to facilitate importing of HELM products to the Millard Maritime facility in Theodore, AL from Trinidad and other ports around the globe. The new agreement, which will come into effect upon completion of an automated bulk storage warehouse, would apply to the expertise and resources of Millard Maritime to the specific needs of HELM so as to expand HELM’s marketing presence and to enhance sales opportunities of dry fertilizers.
Miami Port will begin its long-awaited dredging as it and other cities up and down the east coast scramble to prepare for the massive ships that will pass through the Panama Canal when expansion work there is completed in 2015. The U.S. Army Corps of Engineers is entrusted with the task of the $220 million dredge, which will deepen the harbor’s depth to 50 feet, allowing it handle the larger “Post-Panamax” ships that can carry two or three times the load of standard freighters.Matson, Inc.a leading U.S. carrier in the Pacific, has announced that its subsidiary, Matson Navigation Company, Inc., has signed a contract with Aker Philadelphia Shipyard Inc. (APSI) to build two new 3,600 TEU containerships for an aggregate price of $418 million. The new vessels will be equipped with dual fuel engines that have liquefied natural gas (LNG) capability and are expected to be delivered in the third and fourth quarters of 2018.
Maersk Line and its European short sea and feeder subsidiary SeaGo Line will no longer accept cargo to or from Iceland with effect from 1 October, although they will honour existing bookings and cargo already on water. “These changes follow an extensive review of the commercial and financial viability of our existing service offerings,” the carriers said.
Maersk Liner Business made a profit of USD 439 million (USD 227 million) and a ROIC of 8.5% (4.6%). The significant improvement in the financial performance was achieved through lower costs. While volumes increased 2.1%, average freight rate decreased by 13.1% and total cost per FFE decreased by 12.7%.
Maersk, according to Brian Noe Kristensen, Vice-President of Maersk Line Far East Asia liner operations cluster, has raised the prospect of other lines joining the groundbreaking P3 network announced by the world’s top three carriers. The joint fleet operations alliance is not limited to Maersk Line, Mediterranean Shipping Co and CMA CGM, and could include others if their profile fits.
Maersk Line has teamed up with engine manufacturer MAN Diesel & Turbo and Danish university DTU Mekanik to launch a project to improve the fuel performance of older containerships. The project aims to improve the performance of the 500 ships in the world fleet designed — when fuel prices were cheaper — to operate at faster speeds, which increases ships’ fuel consumption.
Mediterranean Shipping Company is providing a new weekly direct container service connecting Houston and Brazil. The new service brings together the resources of one of the world’s largest commercial shipping companies with Brazil’s leading trading partner in containerized cargo – the Port of Houston Authority.
Maersk Line, Limited (MLL) has purchased and is currently reflagging eight newer and larger containerships to upgrade the ocean transportation services provided to its U.S. military, government and commercial customers.
MSC Mediterranean Shipping Company S.A (“MSC”) has reached agreement with Global Infrastructure Partners and a group of its LP Co-Investors (“GIP”) to sell 35% of Terminal Investment Limited SA (“TIL”). Consideration is US$1.929 billion, including certain payments contingent on TIL’s future performance. Closing is expected to take place in the middle of the year and is subject to obtaining the relevant approvals. TIL has, or is in the process of acquiring, controlling or joint-controlling interests in 30 container terminals globally serving most of the world’s major trade routes and located in North and South America, Europe, Africa, the Middle East and Asia. TIL has grown rapidly over the last decade and is now the world’s sixth largest container terminal operator. TIL’s growth will continue to benefit from its relationship with MSC which is the world’s second largest container shipping company.
Maersk Container Industry calls for tougher enforcement of European environmental legislation designed to protect the Earth’s ozone layer and help prevent climate change.”We urge the European Commission to ensure enforcement of existing EU legislation regarding insulation foam in reefer containers,” said Peter K. Nymand, CEO for Maersk Container Industry.”This would benefit the environment, and it would help European innovation and environmental investments pay off,” he added.
Mumbai Port’s Offshore Container Terminal project which had faced plenty of flax and got involved in controversies is finally set to nearing completion. Mumbai Port Trust (MbPT) had signed an Agreement in Dec 2007 with ICTPL, a JV of Gammon India and Dragados of Spain, to execute the project on BOOT basis for setting up the 1.2 million TEU container terminal project.
Norwegian Cruise Line announced a multitude of new partnerships with leaders in the fields of dining, beverage and entertainment to feature innovative branded experiences onboard Norwegian Escape.
Nicaragua announced the start of work on a $50 billion shipping canal, an infrastructure project backed by China that aims to rival Panama’s waterway and revitalize the economy of the second-poorest country in the Americas.
Norwegian Cruise Line reported results for the third quarter of 2014, the Company reported a 29.1 percent increase in Adjusted EPS to $1.11, on Adjusted Net Income of $232.2 million, compared to $0.86, on Adjusted Net Income of $182.2 million, for the same period in 2013.
NAVTOR has signed an agreement with maritime weather routing specialist Applied Weather Technology (AWT) that will see the two companies integrating their services to offer the ultimate in route planning and decision making tools. As a result of the deal, AWT’s market leading routing and optimisation systems will now be offered on NAVTOR’s recently launched NavStation software.
NOL Group posted a second-quarter net loss of $54 million as container volume carried by its liner shipping division APL fell 6 percent, mainly due to the lower-yield backhaul and Asia-Middle East trades.
NATIONAL SHIPPING COMPANY OF SAUDI ARABIA (Bahri) announced that its subsidiary Bahri Dry Bulk (owned 60% by Bahri and 40% by Arasco) signed with Bank Albilad, a Shariah compliant financing facility for SAR 420,000,000 (approx USD 112 million) to finance 70% of the cost of building 5 dry bulk vessels. The financing facility is for a period of 11 years including a maximum of 1 year grace period. The five vessels will be mortgaged to Bank Albilad as collateral for the financing.New York Shipping Association, Inc., (NYSA) has announced reduction in the cost to use the Port of New York and New Jersey. The port handled more than 3.3 million cargo containers in 2012 a 2.7% increase from 2011. Cargo containers with a destination within 260 miles of our port comprise nearly eighty percent of the total, making this rate reduction very significant for the international carriers that call here.NNR Global Logistics USA Inc. announced their new Out of Gauge Cargo Value added Service—an offering considered to be a giant leap in comprehensive break bulk, RORO (Roll On/Roll Off) and out of gauge logistics capabilities. The new service is designed to make it easier the clients to handle oversized and out of gauge cargo such as machinery and agricultural equipment, to transport and deliver exactly where they need to be by managing the trucking or transloading without the involvement of additional vendors.
Novorossiysk Commercial Sea Port Group reported that consolidated cargo turnover for the first half of 2013 for the group was 72.1 million metric tons, registering a decrease of 11.6 percent from 81.6 million metric tons recorded during the same period in 2012. NSCP Group’s total container throughput from January to June was about 321,300 20-foot-equivalent units, inching up 0.6 percent compared with the first six months of 2012.Nicaragua approved the Chinese proposal to build $40B Panama Canal rival. A Nicaraguan congressional committee on infrastructure has approved awarding a China-led consortium a $40 billion contract to build and operate a canal between the Pacific and the Caribbean, despite opposition to the huge development project.
National Retail Systems, Inc. (NRS), a leading provider of logistics services to U.S. retailers, pharmaceutical companies and consumer goods manufacturers, announced it has been selected by Pep Boys, the nation’s leading automotive aftermarket service and retail chain, to provide an import container transload solution at the Port of Savannah.NUTEP, one of the leading container terminal operators in the Black Sea port of Novorossiysk, has completed the latest phase of its ambitious development programme with the upgrade of its railway facilities .Nautical Institute has launched Maritime Security – a practical guide aimed at providing a comprehensive and practical guide to making vessels truly secure and creating a real security culture that works both onboard and ashore. Since the International Ship and Port Facility Security (ISPS) Code came into force in 2004 there have been significant developments in the training, information and products and services available to Masters and to company and ship security officers. Security has become part of life on board ship. During the same time, the number and sophistication of the threats to security have also increased.
NYK, the Japanese shipping firm, has announced the construction of four “next generation” panamax-sized pure car and truck carriers (PCTCs). Two of the vessels will be built by Imabari Shipbuilding at its factory in Marugame City in the Kagawa prefecture, with technical assistance provided by Mitsubishi Heavy Industries.
OceanSaver has selected Kashiwa as its new sales agent in Japan. Kashiwa, which has specialised in manufacturing and supplying marine hazard prevention equipment since 1947, will now aim to build awareness of the OceanSaver brand and technology in the country’s newbuild and retrofit segments.
OCI Terminal Europoort is to invest €2 million in expanding the capacity of its storage and shipping facility for aqueous ammonia. OCI is ordering the construction of two 750 cubic metre, double walled, stainless steel tanks, which will increase the capacity from 25,000 to 80,000 tonnes a year.
Orient Overseas Container Line has opened its new US headquarters in Salt Lake City, Utah, transferring American management operations from the San Fransciso Bay area.It will also close offices in Chicago, Memphis and New York and transfer personnel to Utah, involving the relocation or hiring 300 management personnel and professionals, Utah provided OOCL with a $4.7 million Economic Development Tax credit, and a $953,961 grant to offset moving costs.
OW Bunker, one of the world’s leading resellers and physical distributors of marine fuel, announced the launching of a new operation in Cartagena, Colombia. The move into the Colombian bunker market would add to OW Bunker’s presence across the region with existing offices in Chile, Uruguay, Panama and Brazil. The Colombia operation will include experienced OW Bunker employees and the team will be further strengthened with additional recruitment planned for 2014. They will be responsible for ensuring that the company’s best practices and quality standards are replicated in the region, and that customers are rewarded with high quality marine refueling service that OW Bunker is recognized for worldwide.
Orion Marine Group, Inc. (ORN), a heavy civil marine contractor serving the infrastructure sector, announced a contract award of approximately $18 million. The company intimated that it was recently awarded a contract to demolish and reconstruct a cargo dock for the Port of Lake Charles in Louisiana. The company will begin demolition of the existing cargo shed and dock structure in the second quarter of 2014 with the overall project lasting about 18 months.
Old Dominion Freight Line reported increase in its third-quarter earnings by 18.6%. Revenue for the first nine months of 2013 was $1.75 billion reflecting an increase of 9.0% from $1.60 billion recorded during the first nine months of 2012. Net income increased 22.3% to $159.0 million for the first nine months of 2013 as against the $130.0 million recorded during the same period in 2012, while earnings per diluted share grew 21.9% to $1.84 from $1.51. The Company’s operating ratio improved to 85.0% for the first nine months of 2013 from 86.4% for the first nine months of 2012.
Old Dominion Freight Line, Inc. (ODFL) announced financial results for the three-month and nine-month periods ended September 30, 2013. According to the results, the revenue was $616.5 million during the quarter, a 12.0% increase from $550.5 million for the third quarter of 2012. Net income increased by 17.8% to $60.1 million for the third quarter of 2013 from $51.0 million during the third quarter last year, while earnings per diluted share rose 18.6% to $0.70 from $0.59 for the prior-year quarter. Old Dominion’s operating ratio has been improved to 84.1% for the third quarter of 2013 as compared with 85.3% for the third quarter of 2012. For the first nine months of 2013, revenue was $1.75 billion, up 9.0% from $1.60 billion for the first nine months of 2012. Net income increased 22.3% to $159.0 million for the first nine months of 2013 from $130.0 million for the same period in 2012, while earnings per diluted share grew 21.9% to $1.84 from $1.51.Orient Overseas (International) Limitedand its subsidiaries (the “Group”) announced a loss attributable to equity holders, after tax and non-controlling interest, of US$15.3 million for the six-month period ended 30th June 2013 as compared with a profit of US$116.5 million for the same period in 2012. The loss after tax and non-controlling interests attributable to equity holders for the first six months of 2013 included investment income of US$9.1 million from Hui Xian and a net fair value loss of US$4.6 million on Wall Street Plaza revaluation after capital expenditure net off.Orient Overseas Container Linehas experienced a difficult first half of the year as it reported lower volumes, revenues and load factors than a year ago. In its quarterly unaudited update, the Hong Kong-headquartered carrier reported a 3.7% drop in first-half revenues to $2.8 billion, based on a 1.5% decline in volumes to 2.5 million teu, and a 2.2% decline in average revenue per teu. The carrier’s overall load factor was 2.4% lower in the first half and its loadable capacity increased by 1.8%.Orient Overseas Container Line (OOCL)has announced a revenue restoration program. In accordance with the program, freight rate for westbound traffic from Asia to Europe will be increased by US$525 per TEU. It covers shipments from the Far East (including Japan) to North Europe, the Mediterranean and Black Sea.
Orient Overseas Container Line (OOCL) recorded lower volumes and revenues across the routes in the fourth quarter, compared with the July-September period, suggesting a seasonal downturn in market conditions. According to its quarterly update, OOCL’s liftings fell 6.7% on quarter to around 1.3 million teu during the three months, while revenue dropped to $1.4 billion from the third-quarter level of $1.6 billion.
Oil Companies International Marine Forum (OCIMF), whose members charter tankers and offshore support vessels, has published new ‘Recommendations Relating to Requirements Governing Seafarers’ Hours of Work and Rest’.
Port of Roterdam’s revenue rose by 3.1 per cent last year due to increased economic activity at the port. However, profits fell by 4.9 per cent owing to higher interest charges and depreciation. The completion of phase 1 of Maasvlakte 2 brought the level of investment down to €189 million, a level that is still higher than before construction started on the new port area.Port Hedland’ exports rose 0.3 per cent in February from January, official figures show, though the month had fewer shipping days. Shipments to China from Port Hedland, which handles about a fifth of the world’s seaborne trade in iron ore, increased marginally month-on-month to 30.25 million, from 30.15 million, according to Pilbara Ports Authority.
Port of Seattle Commission approved an enhanced incentive program for new commercial air service to small communities in Washington, Oregon and Idaho as a means to stimulate the critical links between small communities and Seattle-Tacoma International Airport.
Port of Prince Rupert has done just that, seizing on its prime location on the Great Circle, and the surge in traffic up 12 percent in 2014 compared to 2013 has spurred Maher Terminals to pull the trigger on a planned $200 million expansion. The project, set to be completed in mid-2017, will boost the port’s annual capacity by 500,000 TEUs to 1.3 million TEUs with the construction of a second berth, a container yard expansion and four more gantry cranes.
Port of Houston terminals handled more than 37 million tons of cargo in 2014, which marked an increase of 5 percent compared to the previous year and also set a record. A total of 6.6 million tons of steel crossed the Port Authority’s docks in 2014, breaking the previous record of 6.3 million tons.
port of Rotterdam went up 1 percent to 445 million tonnes. The different market sectors performed quite dissimilar. The container sector, up by 5.8 percent (volume) and breakbulk, with 12.1 percent growth, did exceptionally well.
Port Everglades is expanding its environmental efforts by signing on as a participant with Green Marine. Green Marine’s environmental program makes it possible for ports, terminal operators and shipping companies to voluntarily reduce their environmental footprint through a comprehensive program that addresses key environmental issues and criteria using 11 performance indicators including air emissions, community impacts, environmental leadership and much more.
Port of Hamburg will be handling a 19,100-TEU vessel. This year China will again be further expanding its position as Hamburg’s leading trading partner for container traffic.
Port of Oakland announced that the port set a record in 2014 for handling of freight containers a 20 percent surge in December. Port officials said Oakland handled the equivalent of 2.394 million 20-foot freight containers, breaking the record of 2.391 million set in 2006.
Port of Indiana-Burns Harbor handled more shipments in 2014 than any year since the port opened in 1970. Total tonnage was up 30 percent over 2013 driven by strong shipments of steel, grain and salt.
Port of Oakland said it has taken additional steps in an ongoing effort to manage container ships arriving with unprecedented frequency in San Francisco Bay. The added features are expected to improve cargo flow slowed by increased container volume and a multitude of delayed vessels arriving simultaneously.
Panama Canal Board of Directors formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have the capacity to handle more than five million TEUs within a 120-hectare area at the Canal’s entrance to the Pacific.
Port of Virginia has announced a cooperative effort with ocean carrier Yang Ming that will greatly enhance service at the Port of Richmond, on Virginia’s James River.
Port Everglades is expanding its environmental efforts by signing on as a participant with Green Marine, the largest voluntary environmental program for the maritime industry in North America.Port of Hamburg handled a 19,100-TEU vessel. This year China will again be further expanding its position as Hamburg’s leading trading partner for container traffic.
Port of Felixstowe has announced its latest warehousing and logistics project, the development of 140,000sqm of warehousing on a 27.5-hectare (68-acre) site within the port’s perimeter. The new site is located less than 100 metres from Berths 8 and 9, where it handles the world’s largest container ships, and only 500 metres from Trinity terminal.
Port of Québec broke its own record by welcoming 180,836 passengers, compared to 162,000 passengers in 2013. This was the longest international cruise season for the port, which started on May 10th and concluded on November 12th with the Hamburg.
Port of New York and New Jersey announced that it achieved an all-time record for monthly cargo volume in October, keeping the port on pace for a record breaking year in 2014. During October, the port handled 306,805 shipping containers. The increase was driven by a hike in import loaded containers, up 1 percent over the previous best month on record.
Port of Hamburg set a new record in the first nine months of 2014. Almost all throughput segments contributed their share to this growth, which at 5.7 percent was outstanding compared to the same period of the previous year. Container handling, which dominates in Hamburg as a universal port, also achieved a record mark of 7.4 million TEU (20-ft standard containers).
Port of Rotterdam tariffs focus on growth and further market recovery .The port tariffs will rise in the coming three years at half the rate of the inflation percentage, by a maximum of 1 percent per year. For 2015 this means specifically that the tariffs paid by seagoing ships calling at the port of Rotterdam will be subjected to 1 percent indexation.
Port of Long Beach is working to establish a more consistent supply of truck chassis and is coordinating with all stakeholders to solve the current congestion issues that have slowed some shipments.
Port of Virginia handled more than 220,000 TEUs in a month and thus made October the busiest month in the port’s history.
Port Everglades exceeded one-million TEUs for the first time in the South Florida seaport’s history, according to preliminary fiscal year 2014 statistics.During FY2014 Port Everglades reported a preliminary, unaudited total of 1,013,344 TEUs moved through the port, with a nearly even split between imports and exports.
Paragon Shipping announced its results for the third quarter. Third Quarter 2014 Highlights & Recent DevelopmentsNet revenue, net of voyage expenses, of $8.4 million in the third quarter of 2014.
Port of Long Beach container volume rose 3.7 percent year-over-year to 583,000 TEUs. Imports went up by about one percent to almost 298,000 TEUs. Exports dropped 6 percent to approximately 124,000 TEUs.Overall cargo volumes year-to-date at Long Beach rose 2.7 percent year-over-year.
Port of Hamburg continues record performance handling a total of 72.6 million tons (+ 6.6 percent) in the first six months of 2014. Hamburg’s universal port with 50.7 million tons of predominantly container handling achieves a result of 4.8 million TEU (20-ft standard containers), an increase of 6.8 percent.
Port of Gothenburg reported mixed results in its performance for the first half of the current year with 3 percent increase in freight volumes to Europe with Germany, UK and Belgium, accounting for the bulk of the shipping in that order.
port of Antwerp handled 98,229,046 tonnes of freight during the first six months of this year. This represents growth of 2.7 percent compared with the same period in 2013, itself a record year. The container volume was up by 4 percent to 53,553,954 tonnes, or 4.4 million TEU.
port of Rotterdam achieved steady results in the first half of the year. Total throughput increasedby 0.6 percent. The throughput of crude oil increased by 3.3 percent while that of mineral oil products decreased by 13.5 percent. The throughput of coal grew by 9.5 percent, while ore throughput stayed virtually the same.
Port of Hamburg Marketing opened representative office in North Rhine-Westphalia. With the opening of a representative office in North-Rhine-Westphalia (NRW) the Port of Hamburg’s internationally active marketing organization is making a point.
Port of Long Beach, following an agreement approved by the Long Beach Board of Harbour Commissioners, will undertake fund testing of a new air pollution-control technology for docked cargo ships. In accordance with the agreement, the Port would rely upon regional air quality authorities to oversee a demonstration project to thoroughly assess both the safety and the pollution-reducing effectiveness of a mobile, barge-mounted emissions control system to capture and treat ships’ smokestack emissions. The new system is designed as an alternative to shore power enabling ships to run their engines to produce the power they need for lighting, communications, pumps, refrigeration, etc.
Port of Felixstowe has been accorded consent by the Marine Management Organisation (MMO) for the extension of its newest container handling facility, Berths 8&9. The consent for the expansion is considered as yet another milestone to increase the port’s ability to berth the next generation of mega vessels. Work on the new quay is expected to commence at the earliest in order to meet its scheduled inaguration in 2015. The quay extension will take the total berth length for container vessels at Felixstowe to over 3,250 metres, serviced by 37 ship-to-shore gantry cranes.
Port Bengbu, the eastern Chinese port, announced that it has completed its phase two project and passed acceptance test. The new terminal is expected to start operation soon and become China’s first container port in northern Anhui province. The Bengbu port phase two terminal started construction in December 2012, costing CNY274 million (US$45.17 million). It covers a quay length of 166 metres and has two 1,000-tonne multi-purpose berths with an annual container capacity of 55,000 TEU and break bulk capacity of 570,000 tonnes.
Port Metro Vancouver, along with the Port of Seattle seaport and the Port of Tacoma in Washington State, has updated the Northwest Ports Clean Air Strategy with a view to reduce diesel particulate emissions by 75 percent per ton of cargo by 2015 and 80 percent by 2020 respectively. The 2013 Northwest Ports Clean Air Strategy (NWPCAS), adopted during December 2013, represents the five year milestone update to the original 2007 strategy that initially brought the three port authorities and five regulatory agencies together to partner on improving air quality in the Puget Sound – Georgia Basin air shed.
Port of Zhangjiagang handled 1.38 million TEU during the period January to October 2013 registering 14.4 per cent more as compared to the same period in 2012. During the period, the port’s throughput tonnage totaled to 215 million tonnes, registering an increase of 5.56 per cent. Foreign trade cargo tonnage increased 2.6 per cent to 43.14 million tonnes.From January to October, the port handled 14,380 batches of dangerous goods, weighing 6.92 million tonnes.
PORT of Shanghai’s Yangshan terminal has commenced to permit sailings in both directions on its main navigational channel, which has expanded the terminal’s capacity that had been restricted by the navigational channel. The 28-nautical mile Yangshan channel handles nearly 100 ships moving a day in and out of the terminal, taking the total to 14.15 million TEU a year eaching 52 per cent of the designed capacity. Enabling simultaneous movement in two directions will reduce dwell time from three and a half hours to one hour and 45 minutes, while the berth utilisation rate will increase from 72 per cent to 84 per cent, reports Xinhua. Maersk stands to make major savings as the carrier has 14 sailings a week. If the cost of a vessel is US$38 per minute, US$2.9 million can be saved every year if time per sailing is an hour and 45 minutes shorter.
Port of Rotterdam was proclaimed ‘Port of the Year’ during the annual ‘Containerisation International Awards’ in London. The expert jury praised the port for its substantial investment programme in Europe’s leading logistics hub and industrial complex. The jury also complimented the port taking into consideration its attention to sustainability with their modal shift objectives and groundbreaking initiatives like InlandLinks and NextLogic that contribute to it. Further, in accordance with the World Economic Forum, Rotterdam had the best port infrastructure in the world in both 2012 and 2013. During the period 2008-2015, businesses are poised to make joint investments totalling over €11 billion in the port of Rotterdam, €1.2 billion of which is in container terminals.
Port of Virginia handled more than 198,329 TEUs in August, putting it among the top five all-time most productive months, in terms of TEUs handled, in the port’s history. In terms of TEUs, August was the fourth best single month after volumes of 205,137 TEUs in July 2013, 199,448 TEUs in October 2007, and 198,720 TEUs in November 2012. Virginia’s breakbulk business was also on the rise. The port handled 42,053 short tons of breakbulk cargo in August, thereby registering a 65.4 percent gain over the same period last year.
PortMiami has taken delivery of four new super-post-Panamax cranes to handle the new generation of mega-ships that will begin passing through the Panama Canal in 2015. The gantry cranes, which departed from Shanghai in July, bring PortMiami’s total number of cranes to 13, including six super-post-Panamax cranes with a reach of 22 containers. The average container vessels calling on PortMiami presently have capacities of about 3,000 to 4,000 20-foot-equivalent units, but the newer ships will top 15,000 TEUs.
Port of Melbourne announced that its net profit for 2012-2013 amounted to A$65.9 million (US$62.1 million) in spite of a 1.6 per cent decrease in overall trade volumes compared with 2011-2012. David Hodgett, Victoria state Ports Minister intimated that even though the total container volumes fell slightly from “record peaks” in 2011-2012, there was growth in motor vehicles as well as in dry and liquid bulk throughput.
Port of Los Angeles’ June container volumes declined by 7.2% to 646 650 TEUs year on year. The decline in the volumes is attributed to the loss of a shipping service. Imports fell by 7.2% to 328 324 TEU, while exports fell by 15% to 148 203 TEU. Empties increased by one percent. Figures for transshipments or domestic volumes were not included.
Port of Rotterdam throughput came down slightly in the first half of the year reflecting a trivial decrease. Throughput in total decreased by 0.9% as compared to the first half of 2012. The key factors causing the decrease in the throughput of crude oil (-9%) are low demand reflecting the overall market situation, the drawdown of stocks because of expected lower future prices and result of maintenance stops by refineries.
Port of San Diego’s Board of Port Commissioners has approved a $180 million budget for fiscal year 2013-2014. The board allocated $31.0 million for the year towards capital improvement program, which is 8.2 percent less from last year’s $33.8 million. In addition, it also decided to spend $1.4 million on equipment, falling 18.6 percent year-over-year. Furthermore, the board budgeted revenue from maritime operations will be $35.5 million, registering an increase of 7.3 percent from last year’s $33.1 million. Of that total, wharfage was budgeted at $13.7 million, registering an increase of 9.8 percent year-over-year, taking into consideration the higher throughput and new container business expected from Pasha’s automobile and general cargo operations at the National City Marine Terminal.
Port of Felixstowe officially opened a new rail terminal which doubles rail capacity at Britain’s biggest container port. The new North Rail Terminal was inaugurated in a ceremony attended by HRH the Duke of York, local dignitaries and port customers.
Port of Lyttleton is the latest in a series of contracts that has seen Liebherr Container Cranes expand on an already significant presence in New Zealand’s North and South Islands. The Port of Lyttleton’s most recent order for a super post panamax ship to shore crane and four straddle carriers, will see the number of Liebherr straddle carriers in the Port of Lyttelton grow to 8 and brings the total number of ship to shore cranes at the port to 3. Trade at the port has seen significant growth in recent years with latest reports indicating this trend is set to continiue.
Peruvian Container Terminal Terminales Portuarios Euroandinos at the port of Paita has ordered a super post-panamax ship-to-shore crane and two rubber-tyre gantry cranes from Liebherr as part of a modernisation project. The ship-to-shore crane has a working load of 55 tonnes under a twin-lift spreader, an outreach of 51 metres, a back reach of 17 metres, a span of 30.5 metres and a lifting height above the rail of 36 metres.
PSA International has bought a non-controlling stake in yet another container terminal in Fujian, taking into consideration the continued trade growth in the Chinese province. The deal with Fuzhou Port Group, owned by the provincial government, has made PSA the second-largest shareholder of Fujian Jiangyin International Container Terminal after FPG.
Projects FPS – a division of FPS Sri Lanka, one of the country’s leading project forwarders – has handled the urgent shipment of six giant wind turbines from India, to a site 200km inland from the port of Colombo.
PSA International, a port operator headquartered in Singapore, announced that 2012 saw the company set many a milestone. PSA’s flagship Singapore terminals crossed the 30 m teu mark for the first time, handling 31.3 million teu. Record volumes were also achieved by PSA terminals in Sines, Mersin, Genoa, Chennai, Dongguan and Busan. The PSA Group handled a total of 60 million teu in 2012, registering an increase of 5% over the previous year.
Port of Antwerp has received the ‘Environmental World Ports Award 2013’ in recognition of its contributions towards the environment and sustainability. It managed to win this distinction ahead of other large ports such as Rotterdam and Los Angeles. During the World Ports and Trade Summit in Abu Dhabi, the Port of Antwerp received the award for the second year running. Antwerp beat Rotterdam, Los Angeles, Sydney and Gothenburg respectively. Earlier during 2012, Eddy Bruyninckx, CEO of the Port won the WPTS Award. Shortlisted nominees for the Environmental award included Sydney Ports, Port of Gothenburg, Port of Rotterdam and Port of Los Angeles, but it was the Port of Antwerp that carried off the sought-after accolade. The port was also shortlisted for the Port Safety & Security Award.
Port of New York and New Jersey has the capacity to accommodate the needs of all shippers. Its six state-of-the-art terminals can process cargo efficiently and quickly, which is the main attraction of the 40 ocean carriers that regularly call on this premier port. The Port Authority has invested over $2 billion over the past decade. The drive for superior service is the cause for terminal operators making hefty investments in infrastructure and technology, leading to further improvements in productivity.
Port of Antwerp handled more than 9 million tonnes of liquid bulk, a record unsurpassed since 1992. In the first two months of 2013, the Port of Antwerp reached a new peak in the volume of liquid bulk handled, by handling a total of 9,426,920 tonnes. The main driving force behind the increase came from petroleum derivatives. January saw the port handling 4,566,815 tonnes of liquid bulk, which represents a doubling in 20 years (from 2,299,786 tonnes in January 1992). In February the figures climbed further to 4,860,105 as against the 2,039,720 tonnes in February 1992. Compared with the same period in 2012 the segment registered a growth of 37%. The expansion was largely due to previous investments by various companies in the port of Antwerp.
Port of Jawaharlal Nehru (Nhava Sheva), India’s largest container handler, plans to rise up to Rs. 2,000 crore (approximately $370 million) by selling tax-free bonds to help pay for capacity expansion projects. “The net proceeds will be primarily used for dredging works to deepen and widen the Mumbai harbour channel and JN Port’s navigational channel. These would also be used for capital expenditure for other projects, in relation to the port operations,” said L Radhakrishnan, Port Chairman.
Port of Genk (Belgium) has joined InlandLinks. This brings the total number of terminals to 32: 26 in the Netherlands, 3 in Germany and 2 in Belgium. The terminal in Genk is trimodal and has a capacity, on the water side, of 80,000 TEU a year. The quay has a length of 2000 metres. There is a twice-weekly inland shipping connection with Rotterdam. There is room to store 5000 TEU on the 40-hectare site, 7 hectares of which is container terminal. The Port of Genk also handles and stores general cargo and bulk cargo.
PSA International’s port facilities in 17 countries posted a 5.2 per cent year-on-year increase in global throughput to 60.06 million TEU in 2012. It’s main Singapore Terminals posted a 6.4 year-on-year increase to 30.26 million TEU, plus a 3.6 percent increase during the same period to 28.8 million TEU at its facilities in 17 countries outside the Lion City.
Port Klang managed to surpass the 10 million mark on handling of twenty-foot equivalent units (TEUs) containers last year. Minister of Transport Datuk Seri Kong Cho Ha said in 2012 the port recorded a total throughput of 10.001 million TEUs.
Port of Rotterdam Authority commenced a new campaign which aims to strengthen the brand ‘Port of Rotterdam’ around the world. The pay-off ‘Change Your Perspective’ will position Rotterdam as a ground breaking port, in order to emphasise the added value of the port for existing and potential customers worldwide.
Paradip port has asked the Odisha govt to waive off the mandatory storing license norm for imported mineral cargo, mainly for coking and non coking coal, amid rising demand and limited evacuation place.
Port of Long Beach’scargo volume, according to the Port Officials, rose more than 20 percent in November because of two major shipping lines that recently added services. Volume numbers at the Port of Los Angeles dropped 16 percent. Long Beach container imports in November rose from 20.2 percent to 278,534 TEUs, the highest November volume in five years. Exports rose by 24.6 percent year over year, at 138,312 TEUs, the second highest November export volume in five years.Port of Long Beachsaw an 8.7 percent October hike in cargo volumes year- on-year after months of declining numbers. October imports increased to 276,698 TEUS, a 15.2 percent rise compared to October 2011. October exports rose 12.8 percent year over year to 133,503 TEUs.
Paradip port has asked the Odisha govt to waive off the mandatory storing license norm for imported mineral cargo, mainly for coking and non coking coal, amid rising demand and limited evacuation place.
Paragon Shipping Inc. (PRGN) announced that it has entered into a binding agreement with Commerzbank AG, subject to certain conditions and final documentation, to amend terms in its loan agreement dated August 12, 2011. More specifically, the Company has obtained waivers and Commerzbank has agreed to the relaxation of several financial and security coverage ratio covenants, and to the deferral of a portion of its scheduled quarterly installments.
Royal CARIBBEAN CRUISES announced that it has entered into an agreement to sell its cruise ship Celebrity Century to Exquisite Marine. The sale will result in a non-cash loss of approximately $20 million dollars.
RUSLAN international delivered large and heavyweight replacement ball mill head so that a Chilean mining company could resume production with the combined expertise of DSV Australia and its air charter team in Denmark.
Rhenus Logistics Group, with revenue of Euro 4 billion and based at Germany, has raised their stake to 49% post-merger of the domestic trucking activity into a joint venture with Indian company Western Arya. The joint venture will be called “Rhenus Logistics India Limited”. The joint venture will enable Rhenus to strengthen its presence in India to a significant degree and will also help develop the market in Asian Region for the Rhenus brand. The announcement about the joint venture was made by Klemens Rethmann, CEO, Rhenus Group and Vivek Arya, Managing Director, Western Arya, during the press briefing held on 29 October at Mumbai.Railway Industrial Clearance Association (RICA)has recognized the Port of Houston Authority as the nation’s best after evaluating Houston and 25 other U.S. ports in the areas of overall quality, customer service, customer satisfaction and quality of facilities. It marked the second time in the last five years that the Port of Houston Authority has received the prestigious 2013 RICA Outstanding Port Award for Customer Satisfaction. Nineteen of the 26 ports examined in the RICA 2013 annual survey are located on the Atlantic or Gulf coasts, where the majority of the country’s heavy cargo is handled.
Silverstream Technologies announced the first commercial installation of its Silverstream® System on the Norwegian Cruise Line vessel Norwegian Bliss, scheduled for delivery in Spring 2017 from one of Europe’s leading yards, Meyer Werft in Germany.
SC Ports Authority handled 152,917 twenty-foot equivalent units, or TEUs, in January, marking an 18 percent boost in container volumes over the same month last year. January container traffic pushed fiscal year to date TEU volumes past the 1 million mark, with 1,072,438 TEUs moved since the period began in July.
SC PortsAuthority reported container business up 12 percent in 2014, a year highlighted by strong volume growth and substantial forward progress on the harbor deepening project.
SOHAR Port and Freezone and Essa Al Ghurair Investment have entered into a new partnership with the aim of promoting value chain, food processing, and logistics support within a growing multibillion dollar regional food industry.
South Carolina Ports Authority said container volume increased 12 percent in 2014 as it moves forward on a harbor-deepening project. SCPA handled 1.8 million 20-foot equivalent units in 2014.
Secretaría Técnica Nacional Ambiental has granted approval to the APM Terminals Moin Container Terminal project, being developed under the Junta de Administración Portuaria y de Desarrollo Económico de la Vertiente Atlántica de Costa Rica (JAPDEVA), the Board of Port Administration and Economic Development of Costa Rica’s Atlantic Coast.
St. Thomas Harbor is set to expand with the commencement of the Long Bay Landing project. The project will feature the construction of a new pier, an upland area to serve as the “transportation hub for arriving cruise passengers” as well as an area for dredging at the Havensight cruise terminal, allowing more ships and larger, Oasis-class vessels to enter the bustling port.
Safe Bulkers announced its unaudited financial results for the Board of Directors of the Company also declared a quarterly dividend of $0.04 per share of the common stock for the third quarter of 2014. Summary of Third Quarter 2014 Results Net revenues for the third quarter of 2014 decreased by 13 percent to $36.5 million from $41.9 million during the same period in 2013.Star Cruises once again to host a special celebration cruise onboard SuperStar Gemini with the familiar cast of “The Lion Men” movie, directed by famous Singaporean film and television actor, host and director, Jack Neo.
Sloman Neptun Shipping & Transport GmbH has appointed Scandinavian Shipping & Logistics AB as its agent in Sweden. The two companies will work in partnership to offer a full range of logistics services between Sweden and the North African countries of Algeria, Morocco, Libya and Tunisia from January 2015.
Shipping Corporation of India is currently in talks with GAIL (India) Limited to form a joint venture where GAIL will secure $3 billion for the purchase of nine LNG ships which will be run by SCI.
Samsung Heavy Industries in Korea on behalf of a collaboration between SK Shipping and Marubeni, are to be powered by 6-cylinder Wärtsilä X62DF 2-stroke dual-fuel engines. This is a milestone order for the marine sector as these will be the first large LNG carriers featuring Wärtsilä’s 2-stroke dual-fuel technology.
South Carolina Ports Authority reported its 2014 fiscal year operating earnings increased 20.7 percent to $14.3 million. The agency’s operating revenue increased 17 percent to $164.1 million, with expenses of $149.9 million.
Simatech Shipping has announced the launch of a fortnightly feeder service linking Dakshin Bharat Gateway Terminal, a new private facility in India’s Port of Tuticorin (V.O. Chidambaranar), with Colombo, Sri Lanka.
Singapore port posts 4.4 percent rise in H1 box traffic. In the first half of 2014 ocean cargo handled by the port of Singapore has increased by 7.2 percent year on year to 289.2 million tonnes.
South Carolina Ports announced that its March pier container volumes were the highest since August 2008. During the month the Port handled 85,616 boxes, totaling 692,338 pier containers fiscal year to date. In addition, the Port handled 150,516 TEUs, or 20-foot equivalent units, thereby registering a 10 percent increase over the same month last year. TEU volume was up by 5.3 percent fiscal year over year, with 1.2 million TEUs handled since July 1. The Port maintained its growth rate above the market average. In the non-containerized cargo segment, Union Pier (UPT) has seen significant increases in break bulk tonnage primarily used in the manufacturing and construction industries. The Port moved 9,654 tons at UPT during March handling a total of 89,422 pier tons moved fiscal year to date.
South Carolina Ports continued its growth in the container market with nearly 5 percent increase in twenty-foot equivalent units (TEUs) handled fiscal year to date. The ports, according to SCPA’s regular Board’s financial results for February, had handled 1,071,760 TEUs since the beginning of the fiscal year in July, registering an increase over 1,024,421 TEUs handled during the same period last year. Container volume remains on plan for the fiscal year, which runs July through June. Calendar year to date, TEU volume has registered an upward trend of 2.5 percent.
Star Cruises, the leading cruise line in Asia-Pacific, has engaged the services of shipbuilder Meyer Werft in Germany for building another new mega cruise ship. The order has the distinction of being the second order in four months. Upon delivery of this 150,000-tonne vessel, which is expected in fall 2017, will take the total number of Star Cruises’ Asian fleet to nine. The vessel will be approximately 330 metres in length and has the capacity to accommodate 3305 passengers in lower berths in 1,682 cabins with a maximum capacity of over 4,500.
Schenker Limited, the UK part of DB Schenker Logistics, has officially welcomed 13 more young people to its National Apprenticeship programme. The programme has been running since 2010 with the first three groups proving successful. The new group will be based from a range of locations across the UK and will undertake a two-year-long apprenticeship with the global logistics provider. At the conclusion of the programme the apprentices will have completed extensive training and gained a full appreciation of the DB Schenker Organisation.Samsung Shipbuilding and Heavy Industrieshas handed over the 13,208 TEU vessel NYK HYPERION, unit number eight in a series of ten neo-panamax ships ordered in March 2011 by OOCL. The ship follows the OOCL BANGKOK, delivered in September. Whilst six of the vesssels would be coming on stream for OOCL, four of them are to be chartered out to Japan’s Nippon Yusen Kaisha. The new NYK HYPERION is expected to join the G6-Alliance’s Far East to Europe service ‘Loop 7’, within a few days where she replaces the 10,660 teu APL YANGSHAN. The NYK HYPERION family of ships is 366,47m long and 48.20m (19 rows) wide. The ships are powered by an MAN B&W12S90ME-C9.2 main engine that is electronically down-rated to only 54,200 kW.
South Africa’s Transnet National Ports Authority (TNPA) has announced that it has signed a Memorandum of Understanding (MoU) with the Namibian Port Authority (Namport). In accordance with the MoU, both the authorities would share technical expertise with a view to help develop competitiveness of trade in the region. The MoU is the second agreement TNPA has signed with ports in Southern and Eastern Africa following its signing of MoU with the Maputo Port Development Corporation in June 2013.
Sea Star Line, LLC announced that it has increased its refrigerated container fleet by 25% in the past year in order to better serve the Puerto Rico trade. Sea Star is also in year two of a five year refrigerated equipment replacement plan.
Samsung Heavy Industries Cocancelled a 948-billion won ($850 million) order for five container ships from an unnamed Middle Eastern firm, the South Korean firm said in a regulatory filing. The shipbuilder said the Middle Eastern firm sought cancellation of five of the eight ships originally ordered in 2007, after it failed to acquire adequate financing in the aftermath of the global financial crisis.
South Korea’s Cargo traffic in seaports hit a record high last year on the back of growth in shipments of machinery, automobiles and oil-related products. The volume of cargo handled at the seaports reached an all-time high of 1.33 billion tons last year, registering an increase of 1.6 percent from 1.31 billion tons a year earlier. Of the total, cargo handling of machinery surged 16.9 percent, while those of automobiles and oil-related products rose 5 percent and 2.3 percent respectively.
Shantou Port’s container throughput grew 13.6 per cent year on year to 1.25 million TEU in 2012, while overall tonnage went up 13.9 per cent to 45.63 million tonnes, both increases surpassing the national growth rate and that of Guangdong province.
Shanghai PanAsia Shipping, a near-sea shipping company owned by Cosco Container Lines, and Sinotrans Container Lines Co Ltd, have entered partnership in a shipping service from China to Japan. The agreement will enable the carriers to make more effective use of their resources on Sino-Japanese trade lanes while expanding port coverage, increasing frequency and enhancing stability of the service.
Supply Chain Management, developed and driven by IMPERIAL Logistics group company Tran-Send Container Logistics for their client Toyota South Africa in conjunction with the forwarder, Bidvest Panalpina Logistics, has provided the motor manufacturer with exceptional visibility along its logistics chain, enabling the company to plan logistics more efficiently and improve its service to its customers.
Toyota Kirloskar Motor (TKM) announced the signing of an MoU with Kamarajar Port in order to help facilitate the expansion of its export business. The MoU is a win-win for both as TKM will build a long-time relationship with the port, boosting its business and improving its commercial viability in a highly competitive market, and in return, TKM will benefit from the port related tariff concessions, giving a boost to its CBU for export to global markets.Tideworks Technology a full-service provider of comprehensive terminal management and planning software solutions, announced that Baltic Container Terminal (BCT) in Gdynia, Poland has successfully implemented its latest EDI solution offering,
Tallink Grupp for its Tallinn – Helsinki route, will feature Wärtsilä dual-fuel engines running primarily on liquefied natural gas (LNG). The ship is to be built at the Meyer Turku shipyard in Finland and is scheduled to be in operation from the beginning of 2017.
The Port of Kiel posted positive results for 2014. Both cargo handling and passenger totals continued to rise. The port turned over 6.43 million tons of cargo, 1.6 % more than in the previous year. Stena Line’s Kiel-Gothenburg route recorded the biggest increase in general cargo handling while Color Line’s Kiel-Oslo service posted the strongest growth in passenger transport.
Trans Ocean Pacific has been absorbed into the parent business. The resulting business is now active in general freight forwarding, ocean freight consolidation and project shipping.
The Temporary Empty Container Depot on Pier S at the Port of Long Beach opened for business ready to provide a convenient means for truckers to free up truck-trailer chassis they need to move loaded containers out of marine terminals.
Transplace has announced enhancements to its Customs Portal to help shippers more efficiently and accurately manage the U.S.-Mexico customs process. The proprietary system automates and standardizes the interaction between shippers, importers and customs, improving communication, increasing visibility and reducing mistakes when transporting goods across the U.S.-Mexico border.
Tsakos Energy Navigation has confirmed charter extension for three product tankers, including two Panamaxes and one MR, for two and three years respectively to an unnamed South American oil major.
The Georgia Ports Authroity announced that it had moved more than 2 million twenty-foot equivalent container units (TEUs) so far this fiscal year i.e. July-February, for an increase of 6.2 percent or an additional 119,318 TEUs. In total, the GPA moved 19.2 million tons of cargo in the fiscal year-to-date, registering an increase of 7.6 percent, or 1.3 million tons. Growth across major cargo sectors contributed to the improvement. The GPA achieved an increase of 5.6 percent in roll-on/roll-off cargo through February, moving 438,990 automobile and machinery units registering increase of 23,322 units compared to July-February FY2013.
The Global Shippers’ Forum called on shippers to have a greater voice in global discussions as the debate continues on how to tackle maritime greenhouse gas (ghg) emissions. It is vital that shippers have a place in the global debate on the most appropriate means to reduce ghg from ships. This has become a matter of greater urgency with the European Commission’s proposals for a monitoring, reporting and verification (MRV) system from 2018 for all large ships that use EU ports, irrespective of where the ships are registered. GSF would ultimately like to see a global solution and is urging the EU to pursue its initiative through the IMO. The Commission’s MRV is a good starting point to develop measures that focus on recording and reporting carbon emissions and monitoring fuel consumption of ships.
Totem Ocean Trailer Express (Totem Ocean) has announced that Wärtsilä will supply main engines, generators and integrated LNG storage and fuel gas handling systems (LNGPac(TM)) for the largest LNG conversions ever undertaken in North America. Gaining momentum from the conversion, the Totem Ocean vessels are expected to set new standards for environmental responsibility by reducing sulphur oxide (SOx) emission by 100 per cent, particulate matter (PM) by 91 per cent, nitrogen oxide (NOx) by 90 per cent and carbon dioxide (CO2) by 35 per cent. Cargo includes essential items such as food, household goods, vehicles, construction materials and military supply support.
THE Port of Virginia had handled more containers and rail cargo during 2013 setting an all time record in its history. With the increased volume of imports and exports in 2013, the port surpassed the record it had set during 2007 and considered the best year on record to date, by 95,166 TEUs by handling a total TEU of 2,223,532 during the year. The port’s rail operation was also tested in 2013, having handled 430,894 containers, thereby recording an increase in growth by 11.7 percent as compared with the results of 2012.
South Korean seaports, according to the Ministry of Oceans and Fisheries, handled 111.42 million tonnes of cargo during October 2013, registering 1.8 percent less as compared to the same period during 2012. The ministry also reported that the amount of cargo processed at the country’s seaports in the first nine months of 2013 had dropped 0.3 percent on-year largely due to fall in the amount of domestic cargo. However, the drop in October is considered to have been caused mostly by a large fall in the amount of import-export cargo, which fell by 4.3 percent on-year to some 89.9 million tonnes.
The International Chamber of Shipping was honoured to be presented with a model of the award-winning NYK car carrier ‘Auriga Leader’ to mark the Chairmanship of Mr Masamichi Morooka. The 60,000 tonne vessel is fitted with 328 solar panels which can generate as much as 40 kilowatts of power. The car carrier fist set sail in December 2008 and since then engineers have further developed energy saving techniques to enhance her hybrid power. The ‘Auriga Leader’ was further updated to use low sulphur fuel oil to reduce air pollution and fitted with a ballast-water management system to prevent aquatic pollution.THE MARITIME AND PORT AUTHORITY OF SINGAPORE (MPA),Antwerp Port Authority and Port of Zeebrugge signed a Memorandum of Understanding (MOU) to harmonise the procedures related to liquefied natural gas (LNG) bunkering in order to facilitate the acceptance of LNG bunker for shipping. It is also aimed at exchanging information on matters related to LNG as a shipping fuel and those related to bunkering procedures and regulatory framework. It will also help to identify common areas of interests to set up joint research and development programmes. The MOU will be in force for three years.
The Assembly of Napa Ports (North Adriatic Ports Association) was held in Venice recently. During the meeting, the Presidents agreed that numerous European infrastructural priorities are staged in the North Adriatic and that the role that ports can play in this scenario is and will be crucial. Indeed, Napa benefits of a strategic location that has enabled an average increase of containers handled of 22.3% (2011 figures). It is clear that, to fulfil European expectations (having chosen these ports as the sea terminals of the Ten-T network), North Adriatic ports have to act as a single entrance gateway and implement infrastructure, both at sea and on shore, to release their full potential. For this reason, Napa ports reciprocally support the development plans of each member port, in the belief that the growth of one port will benefit all ports and convinced that acting together is essential to become the major hub demanded by Europe.Textainer Group Holdings Limitedand Trifleet Leasing (The Netherlands) B.V. signed an agreement under which Textainer will invest in new intermodal tank containers to be managed by Trifleet, marking Textainer’s entry into the tank container market. Trifleet will acquire and lease the containers on behalf of Textainer, serving as its exclusive manager in the intermodal tank container market. Both companies will continue to operate independently and to focus on remaining the most reliable supplier of containers in their respective markets. Intermodal tank containers are used for the transport and storage of liquid foodstuffs, chemicals, and gases.The UK Competition Commission (CC)has issued a judgment prohibiting Eurotunnel from engaging in cross-Channel ferry activities. Eurotunnel described the CC’s decision as “incomprehensible”, “seriously disproportionate” and “not based on any concrete facts”, adding that it ignored the ruling of the Paris Commercial Court linking the sale of the assets of SeaFrance with a requirement not to re-sell them for a period of five years, and is in contradiction with the decision of the French Competition Authority.
TOC Container Supply Chain Europe Conference and Exhibition’s 37th edition scheduled to take place between 25-27 June in Rotterdam, Netherlands will focus on the Innovative approaches required to be taken to cope with the challenges arising from a combination of continued global economic and financial fragility, volatility in container shipping, the emerging wave of mega-vessels and the need for more efficient infrastructure to support global container trade. Organised with the full support of host sponsor Port of Rotterdam Authority, TOC CSC Europe’s return to Rotterdam comes at a seminal moment for Europe’s largest port. Work is progressing on schedule at the giant Maasvlakte 2 development, one of the largest deep water port projects anywhere in the world. Due for completion in 2014, Maasvlakte 2 will be home to two ultra-modern container terminals – APM Terminals’ Maasvlakte II (AMPT MVII) and Rotterdam World Gateway (RWG), a joint venture between DP World, APL, MOL, HMM and CMA-CGM.TOC Container Supply Chain Asia Conferenceheld during 12-14 March at Hon Kong emphasized on the need for Shippers and shipping lines to raise their game if global container supply chains are not to be habitually subject to wildly fluctuating service levels. Addressing the conference session ‘Carriers Close Up’, Mark Holloway, Head of Supply Chain Asia for global beverage group Diageo, explained that his company’s supply chain is focused on “cost, service and quality”, in other words a natural continuation of Diageo’s corporate culture and approach to its end customers who consume the company’s products. Understanding customer requirements is key to meeting their expectations, he explained. Mr Holloway emphasised that the current poor state of relationships between shippers and carriers was as much the result of shippers allowing that to happen as also being the fault of the carriers. His principal message was that both partners need to improve their communications with each other in order to achieve more collaborative supply chain management.time:matters,the expert for international Special Speed Logistics, and Golden Cargo, the specialist for global maritime logistics have joined forces to launch special logistics solutions for the maritime industry. The two logistics experts will work hand in hand as partners in the ship spares sector, combining speed and competence for the special needs of maritime shippers. time:matters offers customized customer solutions for extremely time-critical and complex logistics challenges. Through its sameday network and exclusive partnerships, time:matters provides a unique platform for highly urgent transports throughout Europe and to major industrial centres worldwide, thereby ensuring valuable goods are priority loaded onto the next possible flights. Golden Cargo is the logistics expert for maritime and ship spares logistics and has excellent networks both in Greece and throughout the world at their disposal. Due to its close connection to the global shipping group Golden Union and its longtime experience with the ship spares market, Golden Cargo offers reliable customer solutions in the maritime sector and valuable value-added services at strategically important locations such as ports and maritime gateways, providing specialized customs clearance processes and delivery services, such as on-board and shipside deliveries.
United Arab Shipping Company has announced that it has agreed a new partnership with CMA CGM and Hamburg Süd to enter the North Atlantic trade. Through this new vessel sharing agreement, the three partner companies will operate a service on the Transatlantic North trade, linking Northern Europe with the United States East Coast.
United States Coast Guard has granted Alternate Management System (AMS) acceptance for Wärtsilä’s Aquarius EC Ballast Water Management System (BWMS). This allows all US and foreign flag ships fitted with this system to operate in US territorial waters and to discharge treated ballast water for an interim period of up to five years from the ship specific implementation date..
United Arab Shipping Company have announced that they have signed a global cooperation agreement. The agreement came after a series of discussions focused on the companies’ respective customers’ business needs, key growth areas, and operational requirements.
UNITED ARAB SHIPPING COMPANY is introducing two new feeder services to expand its coverage of Asia. The dedicated and direct services will run weekly, covering Japan, Central and South China, Thailand, and Vietnam effective end of November 2013. These new services will provide UASC customers with expanded coverage as well as competitive transit times.UASCwill buy five cargo ships able to carry about 18,000 twenty-foot container units (TEU) which will be among the largest container vessels in the world. The other five will be smaller ships with a capacity of about 14,000 TEU each.The South Korean shipbuilder intimated in a statement that the vessels are scheduled to be delivered between late 2014 and the first half of 2015.United Arab Shipping Co (UASC) is expected to pay around US$149 million apiece for a series of 18,000teu ships to be ordered from Hyundai Heavy Industries. CMA CGM, the container shipping group, is believed to have negotiated a price of around $145 million for three 16,000teu ships that would have cost more than $180 million if built when the new building contract was originally signed. Containership owners and operators are securing some bargain deals as they return to the shipyards in growing numbers.
UPS is adding preferred less-than-container load (PLCL) lanes between Western Europe and the USA to help importers balance speed and cost. The company has announced the expansion of its PLCL expedited ocean freight service to include western Europe.
Viskhapatnam Port is set to double to 1 million TEUs annually after a consortium signed a $102 million construction contract.
Virgin Group announced the formation of Virgin Cruises, its new cruise line business, as well as the appointment of a CEO and its lead investment partner, Bain Capital.
Visakhapatnam Port is cruising ahead to become the most preferred port of South Asia.Taking advantage of its strategic location and huge hinterland, investment to the tune of $2.2 bn is being made for extension of container terminal by J. M. Baxi Group and modernisation of ore handling complex by Essar Ports, deepening of channels and berths and installation of state-of-the-art handling facilities and other logistics.
Volga-Dnepr’s planning specialists conducted a preliminary inspection of the cargo in Italy before the largest parts of the shipment viz two 40-ton compressors and a 60-ton gas turbine were shipped from Milan to Saint Petersburg by sea transport. Delivery from the Russian capital of the North to the Talakan oil and gas field had to be organised within a tight timescale. Volga-Dnepr’s logistics experts were able to offer the most efficient solution to the customer, STS Logistics, by supplying two An-124-100 freighter aircraft, leasing cranes with 100 and 200-ton cargo capacity at the departure and arrival airports, and using Volga-Dnepr’s own patented handling equipment.
Wärtsilä system manufactured two-stroke engine with a high pressure SCR (Selective Catalytic Reduction) in China has been introduced. The system is fitted to a five cylinder Wärtsilä RT-flex58T-D two stroke, low speed engine produced at the Hudong Heavy Machinery Co Ltd (HHM) facilities.Wärtsilä and China State Shipbuilding Corporation (CSSC) for the take-over of Wärtsilä’s 2-stroke engine business, which was announced in July 2014, has been finalized.
Wärtsilä will be fuelled by liquefied natural gas (LNG) and will feature a Wärtsilä integrated solution. The Wärtsilä integrated solution includes a complete LNG powered propulsion- and fuel storage and supply system, as well as comprehensive project services.
Wärtsilä initiative to support and stimulate the maritime economy in South Africa has come to fruition with the delivery of a state-of-the-art Wärtsilä 20 engine. The engine has been donated by Wärtsilä to the Nelson Mandela Metropolitan University and will be used to facilitate teaching within the University’s School of Engineering.
Wärtsilä will feature Wärtsilä engines, both to generate power and to drive the dredging pump. The ship has been designed by the Design & Research Institute of Ship and Ocean Engineering at Shanghai Jiaotong University, and is being built for Jiangsu Haihong Construction Engineering at the company’s yard in China.
Wärtsilä’s first X62 two-stroke engine has successfully passed its design validation and type approval tests and has performed exceptionally well during the necessary sea trials.
Wärtsilä introducing six new bulk carriers, being built at the Namura and Onomichi shipyards in Japan, are to be fitted with 12 Wärtsilä Aquarius UV ballast water management systems (BWMS). The Wärtsilä systems will enable the vessels to comply with anticipated International Maritime Organization (IMO) regulations.
Wärtsilä fuel efficient propulsion equipment will feature in two new 78 metre purser/trawler fishing vessels being designed and built at Karstensen Shipyard in Denmark .
Wärtsilä and two Indonesian partners have signed a joint development agreement with the intention of creating the first ever bio-LNG plant in Indonesia. The co-signers of the agreement with Wärtsilä are PT Pertamina (Persero), a national energy company, and PT Godang Tua Jaya (GTJ), a waste utilization sector specialist company.
Wärtsilä is introducing its latest development of large Controllable Pitch (CP) Propellers, based on the previously known E-hub type. The new CP propeller system offers greater efficiency and a reduced environmental impact.
Wärtsilä has signed Technical Management Agreements with four Greek liquefied natural gas (LNG) ship owners, Maran Gas Maritime Inc, Dynagas Ltd, TMS Cardiff Gas Ltd and Thenamaris LNG Inc. All agreements cover Condition Based Maintenance for a total of 80 Wärtsilä 50DF dual-fuel engines for a five year period.
Wärtsilä NOx Reducer’s new version will be fitted to two new fishing vessels under construction at the Celiktrans yard in Turkey. The ships are owned by HB Grandi, one of Iceland’s largest fishing vessel operators. The company emphasizes environmental sustainability and responsible fishing practices. The order which was placed during the fourth quarter of 2013, is scheduled for delivery in the second and fourth quarter of 2014. The Wärtsilä NOx Reducer (NOR), an exhaust after-treatment system for removing harmful nitrogen oxide emissions from medium speed marine engines, has been upgraded with a new and improved design. The upgraded version features a flexible and more compact design to enable easier and faster onboard installation. It is also compatible for both marine diesel fuel (MDF) and heavy fuel oil (HFO) engine operation. In addition, the auxiliary units have also been improved such as centralised units for multiple installations with built-in redundancy etc.
Wärtsilä is to supply its Wartsila X92 main engine for a series of four Post Panamax 9000 TEU container ships to be built for the Ciner Group, based in Istanbul, Turkey. Each vessel will be powered by an 8-cylinder Wärtsilä X92 engine. The ships will be built at Hanjin Heavy Industries & Construction (HHIC) shipyard’s facilities in Subic Bay, the Philippines.
Worldwide Cruise Terminals and Taiwan International Ports Corporation signed a wide-ranging cooperation agreement to develop Asia’s cruise economy. Representatives of Worldwide Cruise Terminals (WCT), which manages the new Kai Tak Cruise Terminal in Hong Kong, and of Taiwan International Ports Corporation (TIPC), which manages seven international ports in Taiwan, have signed a letter of intent for wide-ranging cooperation to develop the cruise-related economy in East Asia.
Wan Hai Lines has announced that they will re-launch their new independent Mexico/West Coast SouthAmerica service (WSA). The new service will connect Taiwan, China and Hong Kong to Mexico and key ports in Colombia, Ecuador and Peru.
Wärtsilä, together with CEVA Logistics have been recognised for their successful efforts to reduce CO2 emissions by 60 per cent at Wärtsilä’s warehousing operations. The two companies have been named as winners of the ‘Lean & Green Star Award 2013’, a programme aimed at encouraging businesses and government bodies to move to a higher level of sustainability by taking measures that not only yield cost savings, but at the same time reduce the burden on the environment.
Wärtsilä, has been announced as the winner of the internationally recognised Red Dot award for product design. The award is for Wärtsilä’s new propulsion control panel design that received the highest “best of the best” prize in its category. A total of 4662 design nominations from 1865 manufacturers, designers and architects from 54 countries were considered in three different categories. The competition emphasises time lasting design and aesthetic form. Wärtsilä’s industrial design team based its propulsion control panel R&D work on key contributions from the fields of end-user research, interaction design, graphical user interface design and hardware design.
Wilmington, NC – Maersk Line is adding port calls in Panama and Costa Rica to its weekly South Atlantic Express (SAE), currently connecting the Port of Wilmington with Central America.
Weiss Röhlig, has successfully completed its first major project cargo shipment of machinery from Hamburg to Kaohsiung in Taiwan. The shipment comprised five sets of break bulk pieces ranging from 35 tons to 101 tons. Weiss Röhlig used two 500 ton cranes with a reach of 40 metres at Port of Kaohsiung to load on to low bed trailers for onward road transportation to the final inland destination.
Wärtsilä and Yuchai Marine Power Co. Ltd. (YCMP), a subsidiary of Guangxi Yuchai Group, have signed an agreement in Zhuhai, China to establish a 50/50 joint venture for manufacturing medium-speed marine engines in Zhuhai City, Guangdong Province. The joint venture will serve the increasingly dominant Chinese shipbuilding industry, with the focus being on the assembly and testing of Wärtsilä 20, Wärtsilä 26 and Wärtsilä 32 engines.
Wärtsilä, has signed new licence agreements with seven of its long-term Chinese partners. CSSC (China State Shipbuilding Corporation) has been a Wärtsilä licensee since 1978, and four of its engine companies have signed new agreements giving them licence to manufacture, sell, and service Wärtsilä low-speed engines for a further ten years.
Wärtsilä, has signed a contract with China Oilfield Services Ltd (COSL) to supply the designs for a total of six new ships. The two Platform Supply Vessels (PSVs) and four Anchor Handling Tug Supply (AHTS) vessels will initially provide support operations in the South China Sea and Bohai Bay.
Wartsila AQUARIUS UV Ballast Water Management System (BWMS) has been granted Type Approval in accordance with requirements of the 2004 IMO Convention for the control and management of ships ballast water and sediments. This endorses Wärtsilä’s BWMS market entry and provides ship owners with greater cost effective BWMS technology choice and installation flexibility through its modular design and approach.
Wärtsilä, has signed a contract for the design of a new diving support vessel (DSV) to be built for Subsea 7, the seabed-to-surface engineering, construction, and services contractor to the offshore energy industry. The brand new VS 4725 DSV design has been created by Wartsila Ship Design specifically for this vessel, which will be built at the Hyundai Heavy Industries (HHI) shipyard in Korea. The contract was signed with HHI in December, and the vessel is scheduled for delivery in 2015.
Zim, the Israeli line, has posted an operational loss of $5 million in the second quarter of 2013, reducing the $47 million shortfall it reported a year earlier. A net loss of $72 million, which excluded a one-time cost of $24 million for employees taking early retirement, also reduced the shortfall of $110 million reported previously.ZIM Americaannounced that it is revising the port rotations of its ZCP vessel service to include a stop at The Port of Virginia; the first call will be made June 15 by the ZIM Mediterranean.