The United Nations Conference on Trade and Development (UNCTAD) released its Review of Maritime Transport 2009, suggesting that the global economic downturn and financial crisis slowed growth in world seaborne trade, while an increase in the supply of vessels has kept freight rates depressed: The year 2008 marked a major turning point in the history of the world economy and trade. A tightening of credit brought about by the global financial crisis and reduced demand for goods and shipping services lead to a decelerated growth in international seaborne trade in 2008. At the same time, the supply of new vessels continued to grow. This growth was the result of vessel orders placed before the financial crisis, when the industry was still expecting continuing high growth rates in demand - which did not materialize. As the world's shipping capacity continues to increase, the industry finds itself confronted with a surge of oversupply and tumbling freight rates. These challenges are further compounded by other developments, including maritime security at sea and the need to address the climate change challenge. The Review of Maritime Transport is an annual publication prepared by the UNCTAD secretariat. Over 80% of international trade in goods is carried by sea, and the Review provides valuable statistical information on this sector as well as other transport modes. Key developments reported in this year's Review
The largest port in Europe & the largest port in Scandinavia, sign an alliance to push availability of LNG as maritime fuel. The Port of Rotterdam and the Port of Gothenburg both located within the SECA area in northern Europe where stricter rules governing sulphur in maritime fuel are due to be introduced in 2015 aim is to have infrastructure for LNG bunkering available once the sulphur regulations come into effect.
RMPM has appointed Mr. Michel Heeneman as its new Rotterdam Representative in the USA. Heeneman (35) is from Dutch origin but lives since his university training in the USA. Since 1993 he worked for the Netherlands Foreign Investment Agency, Nedlloyd Flowmasters (Danzas Corporation) and Road Air/Phoenix International. The USA Rotterdam Desk will be transferred from New York to Chicago. Adress: Port of Rotterdam, 8770 West Bryn Mawr - 13th floor, Chicago, IL 60631. Tel. 001 773 867 8060
On May 12 the Star Princess arrived at Rotterdam at 9.30 a.m. With this the Rotterdam cruise season is officially opened. The ship owned by the American shipping company Princess is almost as big as the biggest cruise ship in the world; the Queen Mary 2 and had 2600 passengers aboard. It came from Le Havre and headed for Oslo the same night around seven o’clock. The Star Princess is one of the nine ships owned by Princess calling in at Rotterdam
W&O, the United States’ largest supplier of marine valves, pipe, fittings, engineered products and valve automation solutions, opened its newest facility in the Port of Rotterdam in The Netherlands, expanding global availability of products and services to better serve European and Asian customers. The new facility in Rotterdam is strategically located in the geographic center of the Port of Rotterdam complex for the efficient delivery of services and distribution of
Germanischer Lloyd has appointed a new Business Development Manager (BDM), Tom Dorsman, and a dedicated Technical Coordinator, Ruben Roeleveld, specialising in Inland Marine. Mr. Dorsman will provide a dedicated sales specialist for the inland waterway vessel (IWV) market. Mr Roeleveld will be responsible for coordinating activities between plan approval surveyors, field surveyors, business development managers and clients. Mr
The volume of goods shipped through Rotterdam port in the first six months of 1999 reportedly fell 3.7 percent from levels recorded a year ago to 151.6 million tons.
Neptune Orient Lines (NOL) has been advised by the Port of Rotterdam that a consortium comprising NOL, Hyundai Merchant Marine, Mitsui OSK Lines, DP World and CMA CGM has been awarded the right to equip and operate the first container terminal to be developed at Maasvlakte 2 in Rotterdam. The 156 hectare terminal will have a capacity of around 4 million TEU and is expected to be operational in 2013. NOL’s share of the consortium will be 20%.
René de Vries has been appointed (State) Harbour Master of Rotterdam, taking office on 1 March 2010. That is the date on which the current Harbour Master Jaap Lems retires. The port of Rotterdam is not unknown territory for De Vries. He began his career with the Port Authority in 1982, as crew member on one of the patrol vessels. Through the years, he has progressed to his present position, as manager of the Traffic Planning & Operations department, which has 220 staff
‘Pieter Schelte’, the biggest vessel in the world, is to be completed in the port of Rotterdam. Owner and designer Allseas and the Port of Rotterdam Authority have signed an agreement to this effect. The plan is for ‘Pieter Schelte’ to arrive in Rotterdam at the end of 2014, informs the Port of Rotterdam. ‘Pieter Schelte’ is 382 metres long and 124 metres wide. The length, in combination with the massive width
European Union state aid regulators have ordered Greece to recover certain illegal fiscal benefits granted to Piraeus Container Terminal (PCT) and its parent company Cosco Pacific Ltd. The European Commission said the measures, which breached EU rules
The fishing vessel industry fatality rate is 30 times higher than the average of all U.S. industries. To address this, U.S. legislation requires that all new fishing vessels larger than 50 feet must be built to classification rules. DNV GL is the only classification society to develop rules
Rail transport activists, analysts and environmentalists get a real taste of what the waterfront has endured for decades. They’ll just have to get in line with the rest of us. This week finds the collective domestic oil industry wringing its hands about the latest in a series of
Stolt-Nielsen Limited is contemplating the issuance of new senior unsecured bonds in the Norwegian bond market with a minimum amount of NOK 700 million ($89 million). Proceeds will be used for general corporate purposes. The offering will be made to (i) Norwegian professional investors
National Ocean Industries Association (NOIA) President Randall Luthi issued a statement in response to the Obama Administration’s proposed Arctic Regulations on offshore oil and gas production, stating the U.S. must take steps to become a leader in Arctic Energy.
The Nippon Kaiji Kyokai (ClassNK) has announced the establishment of its “Common Structural Rules for Bulk Carriers and Oil Tanker” (Rules for the Survey and Construction of Steel Ships Part CSR-B&T) on 27 February 2015
The Rotterdam (Netherlands)-based neutral consolidator FPS Famous Pacific Shipping has launched a new, weekly ocean LCL service from Rotterdam to St Petersburg (Russia) and vice versa for general groupage cargo. The service provides an alternative to the traditional routing via Vilnius
The MSC Oscar arrived on Tuesday (yesterday) at the APM1 terminal in Rotterdam. With a capacity of 19,224 TEU (20-foot containers), the 396 meters long and 59 meters wide ship is the largest container ship in the world. The MSC Oscar arrived from Algeciras and will leave for Bremerhaven
The Port of Rotterdam Authority said on Thursday its net profit for 2014 fell 4.9 percent to 215 million euros ($237 million) on higher financing costs. Europe's largest port has been investing for years in the construction of "Maasvlakte 2," a 1000 hectare extension
The Panama Maritime Authority has accredited ESC Global Security personnel to offer protection aboard Panamanian-registered vessels, in what is thought to mark the first Private Maritime Security Companies (PMSC) licence issued under the new Panama Administration.
The International Association of Classifications Societies (IACS) informs it will study the final report issued in Japan by the Committee on Large Container Ship Safety (CLCSS), which concludes that the Mol Comfort break up possibly occurred because the sea loads exceeded the hull girder ultimate
Pronomar has installed two additional MERUS rings on board Holland America Line’s MS Rotterdam, this time in the wellness area for the steam generators. The order follows the installation of four MERUS rings in May and June 2014 on the cruise ship at various applications in the
Caribbean Cruise Line Inc. has agreed to a $7.73 million settlement after the Federal Trade Commission (FTC) and 10 state attorney generals sued the Fort Lauderdale-based company for disguising illegal sales calls as legal political survey robocalls
A federal court ruled on Wednesday that BP well site leaders on the Deepwater Horizon oil rig cannot be charged with seaman's manslaughter in the deaths of eleven workers that died during the 2010 rig explosion because they were not seamen.
The Port of Rotterdam and the independent storage company LBC Tank Terminals have reached a long term agreement for the construction of a new jetty at the LBC terminal in Botlek, Rotterdam. ‘This new jetty is the first and a very important step in the expansion of our terminal in