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Sees Strong

Georgia Port Reports Highest Tonnage on Record

Photo: Georgia Ports Authority

Georgia Ports Authority (GPA) moved 2.4 million tons of cargo in April, a 4.7 percent increase – or 108,532 tons – over the same month a year ago. This figure was boosted by a strong performance in containers, bulk and Roll-on/Roll-off cargo. “Our total tonnage makes April the highest volume month on record,” said GPA Executive Director Curtis Foltz. “And with companies like Haier appliances, Kent bicycles and Pep Boys recently choosing the Port of Savannah, our drawing power for cargo is only getting stronger.” The GPA also achieved a 4 percent increase in container traffic for April, moving 258,951 twenty-foot equivalent units (TEUs), or 10,040 TEUs more than April 2012. Foltz said April container volume was 11.3 percent higher than March. Exports remain dominant, representing 54 percent of loaded volume. The GPA moved 57,709 auto and machinery units in April, its third highest month for roll-on, roll-off cargo. Since July 1, Brunswick and Savannah have moved 526,348 units – a 14.1 percent increase over the previous fiscal year to date. “We are seeing strong performance because cargo owners know they can get their goods to market faster when they come through Georgia,” said GPA Board Chairman Robert Jepson. “Our streamlined service on-port, combined with better connections to the hinterlands by road and rail, make our deepwater ports the obvious choice for global trade.”


Samsung Heavy Industries Building Two Golar LNG Carriers

LNG Carrier: Credit Wikipedia CCL Wmeinhart

Golar LNG Limited announces that  the Company  has entered into firm contracts with Samsung Heavy Industries Co. Ltd for a further two LNG carriers. The two additional vessels, each with a capacity of 160,000cbm have a combined total cost of slightly above $400 million. The first of the carriers is scheduled for delivery in the second quarter of 2014 and the second in early 2015. Subject to declaration deadlines


North East Asia Geared for Growth

The new role of Harald Lundestad as General Manager for Wilhelmsen Ships Service in Taiwan, will give impetus to the expansion of the company’s business in the region, which is capitalising on the 10% GDP growth enjoyed by Taiwan in 2010, and the current rapid expansion of Taipei and Kaohsiung ports.  Based at the company’s Taipei office, Harald will play an instrumental role in the future development and growth of Wilhelmsen Ships Service in Taiwan


ZF Explores Chinese Offshore Market

ZF Marine Retractable Thruster

Marine Propulsion Systems, a business unit of ZF Friedrichshafen AG, shared at the sidelines of Marintec China 2013 that China continues to be a key focus for the company and shared plans to strengthen its footprint in the market. ZF Marine has been in China since 2006 and currently operates a sales and services office in Shanghai which serves as a competence center for all marine applications in China. With optimism slowly returning to the global offshore market


Wärtsilä to Provide Turnkey LNG Receiving Terminal in N. Finland

Schematic of Manga LNG terminal courtesy of Wärtsilä

Wärtsilä says it has signed a turnkey contract to supply a liquefied natural gas (LNG) receiving terminal to be built in Tornio, northern Finland. The contract, valued at approximately EUR 100 million, has been made with Manga LNG Oy, a joint venture between the Finnish companies Outokumpu Group, Ruukki Metals Oy, Gasum Oy and EPV Energy Ltd. The contract is conditional on receipt of investment support and Manga LNG Oy's contracts with other parties, including the gas suppliers.


BMT Reports Strong Performance for 2014

Image: BMT

BMT Group Ltd. announced a strong performance for the year to September 30, 2014, a period which saw BMT secure revenues of £165.1 million with underlying operating profits of £10 million, a proportion of which has been distributed to the staff through the company’s profit share schemes.    Comprising 24 operating companies, involved in activity across 10 markets in 35 countries, the BMT group said it continues to concentrate on its core maritime-focused offering


SS&Y Atlantic Index Up, Pacific Index Down

Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rose 162 points in the week ending Monday to 5,700. "Capesize rates strengthened overall by the middle of last week with rates from Richards Bay for October particularly strong, with fronthaul activity also firmer," SS&Y said. SS&Y's Pacific Capesize Index fell 11 points in the week ending Monday to 5,475. "The Pacific market saw a marginal re-balancing of tonnage supply in the charterers favor on certain positions," SS&Y said.


Ruscon Increases Business in Russian Market

Vladimir Bychkov (Photo: GCS)

Intermodal operator Ruscon reported it has increased its market share in Russia, maintaining a strong position in a country which has seen imports fall by 20 percent in the last 12 months. In the first quarter of 2015, Ruscon handled 32,250 laden containers compared to 28,497 in the same period last year.    Vladimir Bychkov, CEO of GCS, Ruscon’s parent company, said that handling a higher than average volume of import goods also benefits its ability to handle export business


Dublin Port Gets Approval for ABR Project

Photo Dublin Port

  Dublin Port Company today welcomed the decision by An Bord Pleanála to grant permission for the Alexandra Basin Redevelopment (ABR) Project which will transform Dublin Port’s infrastructure and enable it to service the economy for decades ahead.  The project will increase the port’s ability to handle large ships by deepening and lengthening three kilometres of the port’s seven kilometres of berths


Fleet Growth: Private Trends And Public Developments

Graph: Clarksons Research

 According to Clarksons Research, the world fleet has experienced a sustained period of growth during the last decade, with owners based in the Asia/Pacific region responsible for the largest share of this expansion.    However, since the start of 2014, European owners have regained market share. Whilst European fleet growth has traditionally been driven by private owners, recently it has been public companies growing at the fastest rate.  


Seafarers' Vital Role in Migrant Crisis - Mission to Seafarers

The Revd Cannon Ken Peters Photo Mission to Seafarers

As the treacherous Mediterranean Sea claimed more than 1,000 lives over the past few weeks, Mission to Seafarers has praised seafarers in their efforts in helping save the lives of many, but more must be done to support seafarers in the deepening crisis, they warn.


Demolition: A Spring Clean For The Fleet?

Graph: Clarksons Research

 As summer approaches in the northern hemisphere, scrapping activity has been continuing at a firm pace, and appears set to come close to record levels in full year 2016, accroding to a report by Clarksons Research.   With earnings suffering in the bulkcarrier and containership sectors


CGT Union Calls for French Port Strike

France's CGT union is calling for a nationwide port strike on June 23 and June 28 as part of ongoing protests against the government's labour reform bill, the union said in a statement on Wednesday.   Port workers have participated in rolling nationwide strikes in recent weeks


Golar, Stonepeak Launch Launch FSRU Joint Venture

Golar LNG Limited announced that it has entered into a 50/50 joint venture with investment vehicles affiliated with private equity firm Stonepeak Infrastructure Partners. The joint venture company, Golar Power Ltd, will offer integrated LNG based downstream solutions


Odfjell Reports Strongest Quarterly EBITDA Since 2008

Odfjell reported a net result for the first quarter 2016 of $24 millions, with improved EBITDA of $69 million, compared to $45 million last quarter.   The company said it has seen a significant reduction in voyage expenses compared to previous quarters mainly due to expiry of bunker hedges


Container Equipment Prices Nosedive - Drewry

Container newbuilding prices (US$) Source Drewry Maritime Research

Prices for new dry freight containers declined to their lowest point since 2002 during first-quarter 2016 and are still going down, according to the latest edition of the Container Equipment Insight, published by global shipping consultancy Drewry.


Marseille Fos Repeats Q1 Cargo Result

(File photo: Marseille Fos Port Authority)

French port Marseille Fos handled 20.17 million metric tons of cargo from January to March in a near identical repeat of last year’s first-quarter result.   General cargo rose 1 percent to 4.49MT led by container growth at Fos, which gained 3 percent for 263,038 teu


OEMs Favored for Maintenance, Spare Parts -Study

Photo: ABB

An independent study for ABB Turbocharging found that 87 percent of organizations work only or mostly with original equipment manufacturers (OEMs) for maintenance support and spare parts procurement. Benefits cited include reduced downtime and better parts availability according to the Forrester


London P&I Club Reports Increased Free Reserves

The London P&I Club’s result for the 2015/2016 financial year produced an overall operating surplus of $3.3 million, lifting the free reserve to $160.7 million.  This result was underpinned by a technical underwriting surplus of $15.3 million, with the combined ratio standing at 82


Aberdeen Harbour Performance Steady on Diversity

Photo: Aberdeen Harbour

Activity at Aberdeen Harbour remained steady throughout 2015 resulting in the port recording a 9.7 percent increase in turnover, up from £28.9 million in 2014 to £31.7 million in 2015. Pretax profit was also up by 21 percent at £15.03 million, compared to £12


SC Ports See Container Volume Uptick

The South Carolina Ports Authority (SCPA) reported a 2.8 percent increase in 20 foot-equivalent unit (TEU) volume fiscal year to date, handling 1.6 million TEUs since July 2015.   SCPA said it moved 157,959 TEUs in April, bringing SCPA's calendar year-to-date container volume to 631,753 TEUs


Scandlines' Highest Passenger Transport Record

Scandlines focused business and invested in the future in 2015 Photo Scandlines

Scandlines focused the business on the Germany-Denmark routes and made significant investments in future-proofing the group’s ferry operations as well as catering and retail activities in 2015. Efforts to promote the Rostock-Gedser route paid off for Scandlines having recorded the highest


Pioneer Marine Sink Deeper into the Red

Photo Pioneer Marine Inc.

Pioneer Marine Inc. and its subsidiaries (OSLO-OTC: PNRM) ("Pioneer Marine," or the "Company") a leading shipowner and global drybulk handysize transportation service provider announced its financial and operating results for the first quarter ended March 31, 2016.


Navico Makes its Commercial Push

Halo Radar (Image: Navico)

Marine electronics group Navico, a literal ‘house of brands’ for the recreational, sail, power and commercial marine markets, is making a strong push in the commercial sector with its Simrad brand. Armed with a stockpile of new technology and a global network of sales and support


Asia Tankers-VLCC Rates Strengthen on June Charters

30-40 Mid-East VLCC cargoes still to be contracted for June; Posidonia shipping event next week in Greece may dampen activity. Freight rates for very large crude carriers (VLCCs) could rise next week as charterers complete their June loading programme






 
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