Russia's Shipping Trade Slides After Ukraine Invasion
Russia's shipping trade has plummeted since Moscow's Feb. 24 invasion of Ukraine and Western sanctions push many foreign companies to suspend sailings, adding further pressure on the country's economy, according to freight data.The world's biggest foreign container linesâincluding the top three MSC, Maersk, CMA CGM and others such as Hapag Lloydâhave temporarily suspended cargo shipments to and from Russia, while multiple companies including home furnishings firm IKEA have shut stores.Food companies NestleâŠ
New China Import Rules Bring Headaches
Makers of Irish whiskey, Belgian chocolate and European coffee brands are scrambling to comply with new Chinese food and beverage regulations, with many fearful their goods will be unable to enter the giant market as a Jan. 1 deadline looms.China's customs authority published new food safety rules in April stipulating all food manufacturing, processing and storage facilities abroad need to be registered by year-end for their goods to access the Chinese market.But detailed procedures explaining how to get the required registration codes were only issued in OctoberâŠ
Maersk VC co-leads Funding Round in Egyptian Freight Logistics Start Up
Egyptian startup Trella, a digital platform connecting truckers with freight loads, has raised $42 million in equity and debt, including from the venture capital arm of shipping giant Maersk, its chief executive said.Founded three years ago in Cairo, Trella operates in Egypt, Saudi Arabia and Pakistan. It is one of several technology firms around the world seeking to upend traditional truck brokerages.Through Trella's online platform, shippers and truckers can directly book freight loads for transport.
Port of Gulfport Names Nass CEO
The Mississippi State Port Authority (MSPA) Board of Commissioners has named Jon Nass the new CEO and executive director of the Port of Gulfport, following a national search led by Tim McNamara, head of Odgers Berndtsonâs Transportation and Infrastructure Practice in Washington, D.C. His tentative start date is June 1.âAfter nearly an eight-month process, the MSPA Commission is very pleased to announce we have selected a new executive director to lead the Port of Gulfport team,â said MSPA President E.J. Roberts.
Henshaw Named Connecticut Port Authority Executive Director
The Connecticut Port Authority (CPA) approved the appointment of John Henshaw as its new executive director, effective September 8, 2020.Henshaw comes to the CPA after serving as the executive director of the Maine Port Authority for over 10 years and after serving as commissioner for the Board of Harbor Commissioners for the Port of Portland.He was selected for the position following an extensive search by the CPA board for a candidate with a specific set of skills and experience.
Interview: Captain Havard Ramsoy, Genting Cruise Lines, Plotting the Return Course for Cruising
While COVID-19 has proven to be the biggest business disruption event in generations, for the once-booming cruise shipping industry it has meant a hard stop. Getting back to cruising will be neither fast nor easy. We reached out to Captain Havard Ramsoy, Vice President, Marine Operations and Safety, Genting Cruise Lines for insights on the path forward.Please give an overview of the Genting Cruise Ship fleet today, and COVID-19 and its impact on the Genting Cruise business.Throughout the unprecedented suspension of the global cruise passenger services due the COVID-19 situationâŠ
Container Shipping Hit Hard by US Lockdown -BIMCO
The coronavirus pandemic has shutdown much of the U.S. economy for months and even as parts of it reopen, the data is beginning to reveal the extent of the damage that has been done and a slow recovery is taking a tentative shape.The second estimate for gross domestic product (GDP) in the first quarter shows a 5% contraction from the previous quarter, and just 0.2% growth from the first quarter of 2019. With lockdown measures having only come into force in late March, the second quarter of the year will prove even more damaging for the U.S.
MSC Isabella, Largest Boxship to Call in Singapore Port
The 23,656 teu MSC Isabella became the largest containership to call the Port of Singapore when it berthed on 10 November 2019.The MSCâs Gülsün-Class of container vessels is currently the worldâs largest series of container ships.To date, MSC Isabella is the biggest container ship to call at Singapore, the worldâs top transshipment hub. Measuring around 400 meters long and 61 meters wide, the ship can carry up to 24 rows of containers, with a height of 13 tiers on deck. Its total capacity is 23,656 TEU (Twenty-foot Equivalent Units). Its length exceeds that of the Eiffel Tower and it can transport the equivalent of about 384 million pairs of shoes.Singapore is the shipâs first port-of-call in Asia after sailing back from Europe. The ship was delivered to MSC in August 2019.
In a First, Container Cargo Vessel on Brahmaputra
The first ever containerized cargo movement via Indo-Bangladesh protocol route and Brahmaputra (National Waterway -2) river will start from West Bengal's Haldia Today."In line with Governmentâs focus on improving connectivity to the North Eastern Region (NER), a landmark container cargo consignment will sail on inland waterways from Haldia Dock Complex (HDC) to the Inland Waterways Authority of India (IWAI) terminal at Pandu in Guwahati on 4 November, 2019," said a government release.Gopal Krishna, Secretary (Shipping) will flag off the inland vessel MV Maheshwari carrying 53 TEUs (containers) of petrochemicals, edible oil and beverage etc.
Corporates Pledge for Healthy, Productive Ocean
30 companies and institutional investors have signed up to the United Nations Global Compact (UNGC) Sustainable Ocean Principles committing to take action to secure a healthy and productive ocean.UNGC is a special initiative of the UN Secretary-General, the United Nations Global Compact works with companies everywhere to align their operations and strategies with ten universal principles in the areas of human rights, labor, environment and anti-corruption.The signatories to the principles include the container ship and supply vessel operator A.P. Møller â Mærsk, food and beverage company PepsiCo, and Norges Bank Investment Management, which manages one of the worldâs largest funds with over US$ 1 trillion in assets.
Pipe Freezing for Quick Pipe Repairs
Avoiding the requirement to drain down pipelines for repair work or to carry out maintenance can save a considerable amount of time and potential loss of product.Qwik-Freezer Pipe Freezing System eliminates the need to drain pipework by creating a freeze plug. Available from the Pipestoppers Division of Huntingdon Fusion Techniques HFT Qwik-Freezer is a very cost effective and quick way to perform pipeline maintenance without draining the system, meaning very little or no system downtime.Luke KeaneâŠ
Metal Shark Delivers Foil-assisted Catamaran
Shipbuilder Metal Shark said it has delivered a new excursion vessel to Southwest Florida tour and charter boat operator Pure Florida.Sea Flight is a custom 40â x 14â welded aluminum foil-assisted catamaran designed and built to USCG Subchapter âTâ standards and configured to carry up to 33 passengers.Designed by Jutson Marine Design, the vessel features a foil-assisted catamaran hull delivering unsurpassed performance, economy, and ride comfort, the builder said. Specially engineered forward and aft transverse hydrofoils elevate the hull at planing speeds to substantially reduce dragâŠ
GEA Equips Cruise Ships with Transcritical CO2
German manufacturer GEA has developed a new, transcritical CO2 technology especially for use on seagoing vessels.GEA signed a contract last year with P&O Cruises, part of Carnival Corporation & PLC, the world's largest commercial cruise ship operator, for its new transcritical CO2 refrigeration technology.The environmentally friendly refrigeration technology has already been installed on board the Arcadia, a 2,000-passenger ship from P&O Cruises, where it provides energy-efficient refrigeration for all the ship's food and beverage refrigeration systems.Further orders for its transcritical CO2 refrigeration technology have now been received by GEA for two new cruise ships to be built in China and for a Dutch fishing trawlerâŠ
Klüber Lubrication Improves Gearbox Performance
Klüber Lubrication, a manufacturer of specialty lubricants, introduces industrial gear oils to their maintenance, repair and operations (MRO) portfolio.There is a current demand for the transmission of ever-growing power and torque in gears of all performance grades. This demand, combined with reduced gear size and weight, requires the application of mineral and synthetic high-performance lubricants.The MRO gear oils from Klüber Lubrication are designed to optimize gearbox performance across many industriesâŠ
Meyer Turku Cuts Steel for New Carnival Cruise Ship
The cruise ship builder Meyer Turku started the production of a 5,286-lower berth cruise ship for Carnival Cruise Line.According to German shipbuilder, the ship will be the first North American-based cruise ship to run on iquefied natural gas (LNG) and will also be the largest Carnival cruise ship ever built with 180,000 gross tonnage (GT).With the first steel cutting the physical form of the ship will start to takeshape. The new Carnival ship will offer a variety never-before-seen innovations and will be part of Carnival Corporationâs âgreen cruisingâ design platform.âThis new ship promises to be truly special, from its ground-breakingâŠ
Varanasi Port Receives India's First Inland Cargo Vessel
Indian Prime Minister Narendra Modi has inaugurated the first multi-modal terminal built on the river Ganga in Varanasi (Kashi). He also received India's first container vessel that sailed from Kolkata on the newly-developed inland waterway.The event marked Indiaâs first inland voyage by a container ship since it gained independence from Britain 70 years ago. The first consignment contained cargo belonged to food and beverage giant PepsiCo India.The 1,390km (863 miles) Ganga watercourse is one of the 111 waterways spanning 20,276km that India is reviving or planning to build. The World Bank-assisted Ganga waterways projectâcosting USDâŠ
ABB Acquires Logistics Tech Firm intrion
Swedish-Swiss multinational corporation ABB has completed its acquisition of intrion, with the aim of boosting its expertise in fast-growing logistics automation market.intrion is a privately owned company headquartered in Huizingen, close to Brussels, with approximately 120 employees and over a decade of experience in logistics automation solutions and services for the logistics, food and beverage and pharmaceutical industries.The acquisition was announced on July 24, 2018. The two parties agreed not to disclose the value of the transaction.Distribution and fulfilment centers are increasingly turning to robotic automation solutions to improve their efficiency, workplace safety and scalability to meet soaring demand.
OP/ED: Is Short Sea shipping on the horizon along the Atlantic Intracoastal Waterway?
Are paradigms shifting on the increased role of inland waterways with respect to short sea shipping and the Nationâs marine transportation system? Investigation and implementation of new commerce shipping avenues are becoming more common along the Eastern seaboard of the United States with each new announcement of a Port Authority supporting the development of shipping routes for container on barge services.In the past few weeks, the South Carolina Ports Authority (SCPA) furthered their quest to develop a marine highway to support the Port of Charleston in South Carolina.
DNV GL Names New Vice Chair
International accredited registrar and classification society DNV GL has announced that Jon Fredrik Baksaas has been appointed the Vice Chair of its Board of Directors.The Norway-headquartered classification body said in a press release that Baksaas started his working career in DNV in 1979 and worked in Norway and Japan until he left DNV in 1985.He went on to work in Stolt-Nielsen and Aker and topped his executive career with more than 25 years in Telenor â the last 13 as CEO and President until he stepped down in 2015.Baksaas has served 12 years as a member of the DNV Council. He succeeds Morten Ulstein, who is standing down from the board.The company currently has about 14âŠ
Linie Aquavit: Documenting a 4-Month Journey
Marlinkâs Sealink VSAT recently proved integral to a unique âslow TVâ experiment spanning four months and two equatorial crossings.Arcus is the worldâs largest producer of Linie Aquavit, a Norwegian beverage dating back to the early 19th century that derives its name from a tradition whereby oak barrels of Aquavit are transported on boats from Norway to Australia and back again, thereby crossing the equator (âlinjeâ in Norwegian) twice before being bottled.Aquavitâs makers have always maintained that the incessant motionâŠ
Cruise Industry Embraces Transcritical CO2 Technology
International technology group GEA signed a contract for its new transcritical CO2 industrial refrigeration technology, with P&O Cruises, part of Carnival Corporation & PLC.The green refrigeration technology has already been installed on board P&O Cruises 2,000-passenger ship Arcadia, where it will deliver the energy-efficient cooling supply for all of the shipâs food and beverage refrigeration units. Discussions between GEA and P&O Cruises are ongoing with a view to rolling out the state-of-the-art transcritical CO2 refrigeration plants to additional cruise ships in the existing fleetâŠ
Carnival Plans $200 Mln Cruise Ship Makeover
Carnival Cruise Line will spend nearly $200 million on a major makeover of the 1999-built Carnival Triumph. The bow-to-stern renovation will add a number of new Carnival branded food, beverage and entertainment options, as well as updates to all staterooms.The nearly 20-year-old ship will enter drydock in Cadiz, Spain for a two-month-long refurbishment staring March 1, 2019. Afterwards, the ship will join Carnivalâs Sunshine class and will be named Carnival Sunrise.Christine DuffyâŠ
Diana Shipping Appoints Directors and Executive Officers
Diana Shipping announced that, effective August 1, 2018, the Company increased the size of its Board of Directors from nine to eleven members.The global shipping company specializing in the ownership of dry bulk vessels appointed Christos Glavanis to serve as a Class I Director and appointed Mr. Andreas Michalopoulos, the Companyâs Chief Financial Officer and Treasurer, to serve as a Class III director, in each case effective August 1, 2018.The Board has determined that Glavanis is an âindependent directorâ as such term is defined under the Securities Exchange Act of 1934, as amended, and the New York Stock Exchange Listing Manual.Christos Glavanis has over 30 years of experience in the audit professionâŠ