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Asia Tankers-VLCC Rates to Climb on More MidEast, West Africa Liftings
VLCC rates from MidEast have reached a floor at W33; surging Suezmax rates could make VLCCs more attractive. Freight rates for very large crude carriers (VLCCs) are set to climb next week as charterers ramp up tanker fixing activity from the Middle East while increased oil volumes from West Africa provided further support, ship brokers said. "Basra and Saudi Arabia cargoes are already starting to come out.
MAN Extends Relationship with Mercy Ships
At a signing ceremony at the SMM 2016 Marine Trade Fair in Hamburg, MAN Diesel & Turbo expanded its partnership with Mercy Ships, international provider of charitable healthcare. Under the terms of the agreement, MAN Diesel & Turbo’s after-sales division, MAN PrimeServ, will provide spare parts for the four MAN 21/31 GenSets and other MAN installations aboard the hospital vessel MV Africa Mercy to an annual value of EUR 250,000.
Founded in 1958, self-lubricated polymer bearings and bushings manufacturer VescoPlastics produces a proprietary range of bushings, bearings and wear plates that operate in dusty, dirty or wet conditions and last longer than other products on the market. VescoPlastics has warehouses in South Africa, the UK, the US, the Netherlands and New Zealand, with stocking distributors in Argentina, Australia and Singapore.
Salalah Port's Volume Surges
Container throughput at the Port of Salalah, part of the APM Terminals Global Terminal Network, reached 1.584 million TEU* in the first half of 2016, representing a 29% increase over volume handled during the same period the year prior. The completion of a new deep-water General Cargo and Liquid Bulk Terminal in December 2015 has enabled significant growth, with the facility handling approximately one million metric tons monthly.
Boosting Maritime Security in Cameroon
An International Maritime Organization (IMO)-led maritime security table top exercise is taking place in Yaoundé, Cameroon (6-8 September) for participants from a range of government departments and national agencies, including the Maritime Authority. The exercise encourages a multi-agency, whole of government approach to maritime security and maritime law enforcement issues. A range of evolving scenarios…
Africa’s First Dredging Simulator Unveiled
Africa’s first ever dredging simulator was launched in the port city of Durban, South Africa – another positive spin-off of ongoing collaboration between Transnet National Ports Authority (TNPA), the Transnet Maritime School of Excellence (MSoE), Netherlands based Royal IHC and its world-renowned Training Institute. The high-tech simulator – based at the MSoE’s Langeberg Road premises – will aid in building dredging capability in South Africa.
Maersk Sees Rough Seas Ahead
The economic slowdown in China and the slump in commodity prices has impacted container trade in South Africa with the dry exports market, made up of mostly mining commodities, declining by 2 percent year-on-year in October and declining by 4 percent over the last quarter. However, the import market remains steady, with 4 percent year-on-year growth in October and 2 percent over the last quarter. This is according to Matthew Conroy…
Kenya Commissions Terminal at Mombasa
Kenya on Saturday inaugurated the first part of a new container terminal at Mombasa which is expected to boost by 50 percent the volume of cargo handled by East Africa's largest seaport.
South Africa Workshop Promotes Ship Energy Efficiency
An International Maritime Organization (IMO) workshop is raising awareness of the Organization’s regulatory regime dealing with improving energy efficiency and the control of GHG emissions from ships. Participants from South African governmental departments and other related bodies are in attendance at the three-day “MARPOL Annex VI and Technology Transfer” workshop, taking place in Durban, South Africa (23-25 August).
IMO Joins Kenya’s World Maritime Day Celebrations
Kenya has marked this year’s WorldMaritimeDay with celebrations held in Mombasa, Kenya (20 September). International Maritime Organization (IMO)’s Juvenal Shiundu delivered a goodwill message on behalf of IMO Secretary-General Kitack Lim, reiterating this year’s World Maritime Day theme – “Shipping: indispensable to the world” – which emphasizes that maritime transport is the backbone of international trade…
Pirates Attack, Loot Container Ship
Pirates stormed a container ship off the coast of Guinea on Wednesday, making off with money and some of its cargo but leaving the crew unharmed, the government said. They fired guns and briefly held the crew hostage while they were looting the ship named Wendok, Guinea government spokesman Albert Camara said by telephone. He did not have details of the flag Wendok was flying under, the company running it, what its cargo was nor the nationalities of the crew.
Port of Antwerp Invests for First Time in West Africa
The port of Antwerp and the port of San Pedro in Côte d’Ivoire are to collaborate over the next few years to manage further expansion of this West African entrepot. San Pedro, the leading cacao port in the world, aims to develop at regional level so as to become a logistics hotspot for handling commodities such as fertilisers, cashew nuts and cacao, among other things. Part of the capital cost will be financed by Port of Antwerp International (PAI)…
Weak Freight Rates push Grindrod to H1 loss
Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects…
Royal IHC, TNPA Launch Dredge Training
The inauguration of an IHC dredging simulator was held at Transnet’s Maritime School of Excellence in Durban, South Africa on Friday 2 September. The launch marked the start of a new dredge training programme to develop and enhance the knowledge and skills of local dredging personnel. employed in these sectors. The delivery of a training simulator by IHC is part of the supplier development plan that IHC and Transnet National Ports Authority (TNPA)…
$100M Tug Contract: Fourth Boat Delivered in South Africa
Transnet National Ports Authority (TNPA) is on track with its $100m tug building contract and celebrated the ceremonial launch of the fourth of its nine new tugs being built in Durban. The tug – named OSPREY in honor of the fish eagle – will serve at the Port of Saldanha. In line with maritime tradition, the duty of officially naming the vessel was carried out by Lady Sponsor, Thandeka Mabija, who earlier this month was appointed General Manager for Human Resources at TNPA.
Privinvest Forms Shipbuilding JV in Angola
Middle East based shipbuilding group Privinvest announced the start of a major shipbuilding and maritime economy program with the Republic of Angola that will initially…
Maersk Line Sees Little Impact on Customers' Cargo from Hanjin Collapse
Maersk Line, the world's biggest container shipper and a unit of Danish conglomerate A. * Maersk Line expects minimal impact on its customers' cargo. * Maersk Line on Aug. 30 instructed its global operations centres to not load any cargo onto Hanjin owned vessels. * Says customers have cargo on board two of Hanjin's operated vessels, Maersk Sebarok and Maersk Senang, sailing on the Chennai Express service between Far East Asia and South East India.
CMA CGM Launches New EURAF 6 Service
CMA CGM Group has launched its new service EURAF 6 by cooperating with a partner under a slot swap agreement. Enhanced service coverage with a second loop direct from West Med to West Africa strategic markets. Direct service from Italy and Spain to Senegal, Ivory Coast, Nigeria and Ghana with the transit time vastly improved up to 6 days. Coverage of Takoradi port on a 21-day frequency from worldwide origins.
Asia Tankers-VLCC Rates Steady, Owners Resist Further Cuts
Daily VLCC earnings fall to around $10,000; vessel deliveries, shorter voyages weigh on rates. Freight rates for very large crude carriers (VLCCs), which fell to multi-year lows on Thursday, are likely to hold steady around current levels as ship owners resist charterers' attempt to push rates lower in an over-tonnaged market, ship brokers said on Friday. Earnings for a VLCC charter from the Middle East to Asia have fallen to $9,000-$13,000 per day depending on destination, brokers said.
CMA CGM sees Opportunity in Hanjin collapse
CMA CGM will look at opportunities in container shipping triggered by the collapse of South Korea's Hanjin Shipping, the French group's vice chairman said on Tuesday. Hanjin, the world's seventh largest container line, filed for receivership last month, leaving more than 100 ships and their cargo at sea. "With the collapse of Hanjin, there will be a wave of consolidation in the sector and CMA CGM is on the look out for opportunities if they should arise," Rodolphe Saade told journalists.