Marketing Organisation News

First-half seaborne cargo throughput of 70.2 million tons reflected stabilization of the trend for the Port of Hamburg. At the same time, a steep increase occurred in freight transport by rail to/from the Port of Hamburg. At 70.2 million tons, in the first half total seaborne cargo throughput, which includes the general and bulk cargo segments, was slightly – 0.9 percent – down on the previous year. In the first six months of 2016 containerized cargo handling totalled 4.5 million TEU – 20-ft standard containers – corresponding to a downturn of 1.2 percent.

Iraq's southern oil exports dropped slightly in February to an average of 3.225 million barrels per day (bpd), the oil ministry said on Tuesday. Shipments from the southern terminals in the Gulf fell from 3.285 million bpd in January as several days of bad weather delayed loading operations. All of the exports were from Iraq's southern ports, ministry spokesman Asim Jihad said. For a fifth consecutive month, Baghdad exported no oil via its northern pipeline to the Turkish port of Ceyhan. Iraq depends almost entirely on its southern exports after the semi-autonomous Kurdistan region in the north ramped up its own independent oil sales via Ceyhan in June 2015 while cutting allocations to Iraq's State Oil Marketing Organisation (SOMO).

The Port of Halifax has joined the Port of Hamburg Marketing organization (HHM) as its first member from North America. The universal ports of Halifax and Hamburg are linked by Transatlantic trade and the cruise business. With its internationally active marketing organisation, Hamburg as a port and logistics base offers the Port of Halifax optimal conditions and an ideal marketing platform for building up contacts with shipping companies and shippers in trade and industry. Geoffrey Machum…

Russian Urals crude weakened in the Baltic on Wednesday due to a number of unsold cargoes while Kazakh CPC continued to strengthen due to a lack of sweet barrels. In the Platts window, Trafigura bought a cargo of Urals from Eni at dated Brent minus $1.30 a barrel, some 35 cents weaker than previous price estimates, traders said. Total bid for a cargo of CPC at dated Brent minus 40 cents, some 10 cents stronger than previous price estimates. The price of Urals in southern Europe moved closer to parity with dated Brent due to an absence of Iraq's Kirkuk crude, strong demand and attractive refining margins, traders said. Urals differentials in the Mediterranean were between minus 20 cents per barrel and parity with the North Sea benchmark, traders said Tuesday.

Asia to buy nearly 60 percent of Iraq's Basra Lt exports. Export facilities upgrade, new fields to boost volume in second half, but Buyers remain wary of quality issues, loading delays. Iraq's rush to pump more oil to Asia has coincided with complaints from some buyers about the quality of its crude, casting doubt on whether Baghdad can increase the volumes of its key Basra Light grade to the region by a third in 2014. The Gulf producer has managed to smooth out kinks in its supply chain that curbed Basra Light exports from southern oil terminals last year. The higher output has helped cap oil prices pushed up by recent geopolitical tensions and supply disruptions in Libya, Iraq's own north and elsewhere.

Astrium completes the  acquisition of Vizada after receiving the necessary regulatory approvals. Vizada is a leading independent provider of global satellite communications services and will be integrated into Astrium Services. This acquisition represents a total consideration of € 673 million and contributes to EADS' strategic Vision 2020. “We are happy to welcome Vizada into the EADS Group, which concludes a successful year for us in terms of acquisitions”, said Marwan Lahoud, Head of EADS Corporate Strategy and Marketing Organisation. According to Eric Béranger, CEO of Astrium Services: “Combining the skills and capabilities of everyone in Vizada and Astrium Services creates a world leading provider of satellite services.

Hit hard by the global financial and economic crisis in the year 2009, the Port of Hamburg reports total cargo-handling figures of 28.6 million tons for the first quarter of 2010, an increase of 4.6 per cent over the same period in the previous year. On the import side, Port of Hamburg Marketing – the marketing organisation of the Port of Hamburg – recorded cargo-handling figures of 16.7 million tons (+6.0 per cent). Exports via Hamburg also increased in comparison with the first quarter of 2009, with a total of 11.9 million tons (+2.7 per cent). General cargo handling, the dominant segment in Hamburg, returned to growth (1.1 per cent) with a total of 18.6 million tons.

Ratos has agreed on the sale of Hägglunds Drives to the German company Bosch Rexroth. ” Focused efforts in recent years to accelerate growth through investment in the sales and marketing organisation, new markets and segments, and expanded aftermarket services as well as extensive product development have laid the foundation for Hägglunds Drives’s positive development”, says Ratos CEO Arne Karlsson. ”Together with Bosch Rexroth we will be able to further develop our focus on offering complete hydraulic drive systems in several of our existing segments. We will also be able to offer our deliveries of complete hydraulic drive systems to new interesting segments as renewable energy production.

Iraqi oil exports from the Mediterranean port of Ceyhan, Turkey, remained off line on Tuesday as three vessels slated to arrive at the weekend were still unseen, industry sources said. Three tankers had been nominated by Iraq's State Oil Marketing Organisation (SOMO) for arrival Saturday, Sunday and Monday, but the port has been idle since the two-million-barrel Amazon Falcon sailed on Saturday, the sources said. Some sources said the Orient Tiger and Front Champion -- both very large crude carriers (VLCCs) -- could potentially arrive the next day or two, but others noted that no formal estimated time of arrival (ETA) had been supplied. The Crudesky, a SuezMax, was expected later as it sailed from Novorossiisk only on January 22.