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Far East

Sweeney Promoted to VP of Far East Operations at Crowley

Effective March 1, 2004, Alex Sweeney will assume the position of Vice President of Russian Far East Operations. In his new position, Sweeney is responsible for the management of the BETS Sealift to Lunskoye, Sakhalin Island and the tow of the Orlan from Sov Govan, Russia to Ulsan, Korea. He will report directly to Steve Peterson, Senior Vice President and General Manager, Energy and Marine Services and will work closely with Chris Peterson, General Manager, Contract Services, who has commercial responsibility for those contracts. Sweeney joined Crowley in 1980 and has over 20 years experience in marine operations for Crowley on the east and west coasts. In 1995 he was promoted to the Director of Atlantic Operations and in 1999 was relocated to Valdez and promoted to the position of General Manager, Valdez Services in 2000, he was named Vice President of the Valdez business unit. In 1997, he Sweeney was presented with the Thomas Crowley Trophy, Crowley Maritime Corporation’s highest honor. He earned his undergraduate degree from City University in Seattle and completed his MBA in 1995.


Dry Bulk Trends

Change Of Sentiment Seen In Atlantic Sector The dry cargo freight market saw a 15 point decline in the Baltic Panamax Index to 1,595, which was largely caused by a change of sentiment in the Atlantic, brokers said. March tonnage in the U.S. Gulf was struggling to obtain previously fixed levels and rates to the Far East in particular were lower, they added. Capesize rates remained steady but handy sizes were in stronger demand world-wide and there were signs that the hitherto depressed


Hamburg Port's Liner Network

Hamburg has one of the most comprehensive liner networks in Europe, which in turn means that it plays an important role as a transport hub for global cargo flows. Specialized liner traffic connects Hamburg to six continents. Over 100 container liner services travelling to destinations all over the world are based in Hamburg. One of the main markets for the Port of Hamburg are liner services from and to the Far East


UMM Salal First Call in Port of Hamburg

On 7 June 2011 the UMM SALAL, the biggest containership to date belonging to United Arab Shipping Company (UASC), tied up in the Port of Hamburg on her maiden voyage. The giant container ship, with a capacity of 13,100 TEU (20 foot standard containers) was handled at Eurogate Container Terminal Hamburg (CTH).   The UMM SALAL is 365.5 metres long, 48.40 metres wide and is equipped with over 1,000 reefer slots, making it the first of nine ships of this size to be completed in 2011 and 2012


Braemar Appoints New Director

Graeme Temple, Regional Director

Braemar Technical Services (Incorporating The Salvage Association) announced the appointment of Graeme Temple to the role of Regional Director for its Far East region.   Graeme will take responsibility for strengthening the company’s surveyor network in this important region and further developing relationships with the London and International Insurance markets as well as the local Singapore and other Far East Insurance markets


Shipping Majors Expand Cooperative Setup

CMA CGM Jules Verne (Photo courtesy CMA CGM)

The CMA CGM Group announced a new cooperation setup with current partner Maersk Line, APL and OOCL on three existing Far East to Indian Subcontinent services (CIMEX 2/FM3, CIX, CIX3), starting in February 2014. In a Slot Sharing Agreement that also includes partners as Emirates Shipping Line, Hamburg Süd and Regional Container Lines, 18 vessels with a total capacity of about 17,500 TEU’s will be deployed on the three Far East-Indian Subcontinent services.


Product Tanker Stays Strong In Mideast

The New Year started much as the old left off with product tanker markets strong Mideast-Far East and Tran-Atlantic but weak elsewhere. LR2 tanker rates for Mideast-Japan jumped five and ten Worldscale points on successive days, according to brokers.


SembCorp Gets BP Shipping Deal

Singapore's Sembawang Shipyard Pte Ltd., a subsidiary of SembCorp Marine, has entered an agreement to repair the Far East fleet of BP Shipping Ltd. for an indeterminate amount of time. Sembawang Shipyard managing director Heng Chiang Gnee said the company expects to refit and drydock about 12 of BP Shipping's fleet of 30 in a typical year. He said he expected a typical contract value of about $1.2 to $1.7 million to repair each of the vessels


Russian Naval Base Uses Nuclear Subs For Electricity

Frequent power cuts on the remote Kamchatka peninsula have forced Russia's military to fire up reactors on nuclear submarines to provide electricity to bases there, an admiral said. Admiral Valery Drogin told the official Rossiiskaya Gazeta government newspaper that even the strategic nuclear missile bases on the Pacific Ocean peninsula were now being powered by reactors on board the submarines. Power stations in Russia's Far East suffer from chronic fuel shortages because of the high cost


Westbound Tanker Markets Strengthening

Westbound tanker markets from the Middle East are strengthening while eastern charterers take a break, brokers said. Mideast-U.S. Gulf rates are running at about W80-85 ($17.50 per ton) for VLCC liftings and from West Africa about W90 ($9.25) - up a couple of Worldscale points on last week. But rates to Far East have eased back to the mid W90s ($10.75 to Japan) after climbing past W100 last week.


New FORAN Update from SENER

SENER Ingeniería y Sistemas SA informs it has launched a new version of its marine CAD/CAM system, the FORAN V80, which incorporates new capabilities to cope with demands from the marine shipbuilding, civil, offshore and naval sectors.  


The 'Hour of Power': Hybrid Marine Technology & Green Ports

The 19 m research vessel ‘Spirit of the Sound’ runs virtually silently on hybrid electric power for two-hour study cruises on Long Island Sound.

  In 2015 two significant developments are going to make many operators, owners and builders of professional vessels consider hybrid marine power. Firstly the new emissions laws in ports and secondly there is now an incentive for high technology manufacturers to invest in developing highly


Pemex to Ship 6 mln Barrels of Crude to Japan

Mexico's Pemex said on Friday it had agreed to ship six million barrels of its light crude to Japan's largest refinery over the next six months, as the state-run oil company seeks to further develop its ties with Asia.   The shipments of Isthmus crude will go via six cargoes between this


NAT Buys 2 Suexmax Tankers

Nordic American Tankers Limited (NAT) acquires two modern Suezmax tankers, increasing the fleet to 26 vessels    Tanker shipping company NAT announced that it has agreed to acquire two Far East built Suezmax tankers for a total price of approximately $122 million.  


Tanker Market Full Streams Ahead, Says OPEC

Monthly averages of crude oil spot freight rates. Graph by OPEC

 The dirty tanker market enjoyed a general improving sentiment in May for vessels in all reported classes on the back of high tonnage demand and increased activities.    Clean tanker freight rates declined on average, mainly as freight rates reported on the West of Suez were weak


USC Acquires Zvezda

Russias United Shipbuilding Corporation. Image courtesy: TASS

 United Shipbuilding Corporation (USC) has taken on 53.5122% of the voting shares of the long planned Far Eastern Plant Zvezda shipbuilding complex in Russia’s Far East.   Zvezda (a company of the Far Eastern Shipbuilding and Ship Repair Center


Panama Canal Expansion Could Shift US Container Traffic

Photo: SCPA

Following the Panama Canal expansion in 2016, up to 10 percent of container traffic to the U.S. from East Asia could shift from West Coast ports to East Coast ports by 2020, according to new research conducted by The Boston Consulting Group (BCG) and C.H. Robinson


Antwerp Port, Shanghai Maritime University Join forces

Port of Antwerp to collaborate with Shanghai Maritime University - See more at httpwww.portofantwerp.comennewsport-antwerp-collaborate-shanghai-maritime-university#sthash.AK53P8li.dpuf

  The port of Antwerp, the second-largest in Europe, is to collaborate with Shanghai Maritime University (SMU), a world-renowned centre of maritime know-how. As of next academic year four master’s students at SMU will receive a Port of Antwerp Maritime Award


Evergreen Names Penultimate L-type Containership

From left to right: Sun-Quae Lai, CSBC Chairman; Pier Luigi Maneschi, Chairman of Evergreen Shipping Agency (Italy) S.p.A.; Anna U. Obermeier and Bronson Hsieh, Evergreen Second Vice Group Chairman (Photo: Evergreen Group)

A naming ceremony was held for the Evergreen Group’s newest containership, Ever Lovely, the ninth of its L-type vessels to be built by CSBC Corporation in Taiwan and the penultimate vessel in a series of 30 ships.   The ceremony took place at CSBC's Kaohsiung shipyard and was


Maersk Returns to the Port of Baltimore

Photo: Maryland Dept. of Transportation

Maryland Lt. Governor Boyd Rutherford, along with congressional, state and local officials, officially welcomed Denmark-based Maersk Line, part of the Maersk Group and the world’s largest container shipping company, to the Helen Delich Bentley Port of Baltimore.  


Fincantieri to Supply Four OPVs to the Bangladesh Coast Guard

Image: Fincantieri - Cantieri Navali Italiani S.p.A.

 Fincantieri has been awarded the contract with the Bangladesh Coast Guard (BCG) for the supply of four Italian Navy “Minerva” class corvettes to be upgraded and converted into Offshore Patrol Vessels (OPVs), and to provide the related logistics support services.   


Antwerp Joins “One Belt, One Road” Taskforce

FOD Kanselarij van de Eerste Minister

“One Belt, One Road” is a Chinese development strategy launched at the end of 2013 that focuses on connectivity and cooperation among countries primarily in Eurasia.   The strategy has two main components, namely the land-based “Silk Road Economic Belt” and the


Maersk Line Seeks to Raise Asia-Europe Freight Rate

Photo courtesy of Maersk

Maersk Line, the world's largest container shipping company, told its clients on Tuesday it would raise the freight rate from Far East Asia to Europe by $1,000 per 20-foot container (TEU) as of Aug 1. The company declined to say what the current rate was or what the new rate would be as numbers


APSEZ to Develop Vizhinjam Port

Gautam Adani

  Adani Ports & Special Economic Zone Ltd (APSEZ), India’s largest port developer and part of Adani Group, a global integrated player, has received “Letter of Award” for development of the Vizhinjam International Deepwater Seaport Project from Government of Kerala (GoK)


Strong Half Year for Antwerp Port

...

  The port of Antwerp handled 104,529,242 tonnes of freight in the first six months of this year, up 6.4% on the same period last year. The strong performance during the half year was mainly due to the impressive growth in container freight (up 9.5% in TEU and 7






 
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