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Brazilian Grain Producers Explore Increased Use of Panama Canal
Brazilian farmers in top soy state Mato Grosso signed a memorandum of understanding with the Panama Canal Authority to evaluate ways to cut transportation costs and boost Brazilian grain volumes using the waterway, the authority's chief administrator said. The canal's administration is looking to increase its participation in rising Brazilian grain exports, since a large part of grain trade expansion in Brazil is via new terminals in the northern part of the country…
Hyundai Merchant Marine’s Expansion Plans: Drewry
Korean carrier Hyundai Merchant Marine (HMM)’s expansion plans are incompatible with market stability. Will it settle for more limited ambitions? An Analysis by Drewry.
Container Fleets & Demand Growing in Step -BIMCO
For 2018, the world containership fleet is expected to grow in step with global demand, according to BIMCO’s latest container shipping market outlook. Having experienced falling freight rates from August to year-end in 2017, most liner companies were successful in pushing rates higher in early January 2018. Most of them managed to hold onto most of the gains they achieved, considering October and November were challenging in terms of very low demand growth.
Fitch: U.S. Port Growth Steady as NAFTA Decision Looms
U.S. ports are positioned for another solid year of growth, though the Trump administration's evolving stance on both domestic and international trade is a long-term development worth a close watch, according to Fitch Ratings in its latest sector briefing. This after a strong 2017 in which ports on both coasts saw overall growth through the year. "Moving to larger ships and implementing operational alliances have helped drive volume growth on both coasts in 2017," said Emma Griffith, Director.
FMC's Doyle to Exit Commission in January, 2018
Today, the Office of Commissioner William P. Doyle of the U.S. “Last week, I notified The President of the United States Donald J. Trump of my intention to leave…
Managing the New Panamax Containerships
The explosive growth of international boxships is challenging not only the physical infrastructure of North American ports, but also the very nature of the existing supply chains that they impact. The recent dialogue on container shipping has been all about so-called “mega-ships;” those vessels that with larger capacity than those that are already in service at any point in time. In the container trades…
TMG Delivers Panama Canal Study
The Maritime Group (TMG) carried out a pivotal assessment review of the tugboat operations in the new third set of NeoPanamax locks of the $5.25 billion Expanded…
Hyundai Vinashin Launches d'Amico LR1
d’Amico International Shipping (DIS) has launched the first three LR1 (long-range) vessels in its history, at the Hyundai Vinashin shipyard in Vietnam, ANSA reported.
Panama Canal Sets Record Annual Cargo Tonnage
Following the close of its 2017 fiscal year (FY17), the Panama Canal announced that the waterway welcomed a record 403.8 million Panama Canal tons (PC/UMS) of cargo in FY17, the largest amount of annual tonnage ever transited in its 103-year history. The 22.2 percent increase from the previous year can be directly attributed to the added capacity provided by the Expanded Canal. According to figures…
2,000th Neopanamax Transits Expanded Panama Canal
Yesterday, the Panama Canal welcomed its 2,000th Neopanamax vessel through the waterway, demonstrating the route’s continued impact on maritime trade and the industry’s confidence in the safe, reliable and efficient service the Canal provides. The COSCO Yantian containership completed the milestone transit through the Expanded Canal traveling northbound from the Pacific to the Atlantic Ocean. The vessel measures 351 meters in length and 43 meters in beam…
Monjasa Reports Panama Canal Supply Growth
Physical bunker supplier Monjasa has been active in the Panama Canal since 2011 and established a physical presence for operations and bunker trading in Panama City in 2015.
Expanded Panama Canal Celebrates First Anniversary
The Panama Canal commemorated the one-year anniversary of the inauguration of its Expanded Canal, one of the most significant milestones in the history of the 102…
Cargo Shipping Market to Grow at 3.45% to 2023
Global Cargo Shipping Market is expected to grow around 3.45% CAGR during the period 2017 to 2023, says a report by Market Research Future. In recent years, Global…
New ASD Tug for Saam Smit in Panama
Saam Smit Towage has ordered a new ASD (Azimuth Stern Drive) 2411 tug from Damen Shipyards, for operations in the port of Colón, Panama. Built for stock at Damen Song Cam Shipyard in Vietnam, it was subsequently transported to the Netherlands for finishing. With the agreement in place the new vessel, named the SST Portobelo, is now underway to join the 11-strong Saam Smit tug fleet in Panama. The SST Portobelo is the first ASD 2411 for Saam Smit in Panama.
Largest Ship To-date Transits Expanded Panama Canal
The 13,092 TEU Neopanamax containership COSCO Development, which measures 366 meters in length and 48.2 meters in beam, today became the largest vessel both in dimension and capacity to transit the Expanded Panama Canal since it was inaugurated in June 2016. Sailing from Asia, COSCO Development will soon become the largest ship to arrive on the U.S. East Coast when it calls at several ports there next week.
Expanded Panama Canal Welcomes 1000th Neopanamax Vessel
Less than nine months after the historic inauguration of the Expanded Canal, the Panama Canal has announced that it has welcomed its 1,000th Neopanamax vessel through the waterway, highlighting the importance of the route and customers’ continued faith in the safe, reliable and efficient service the Canal provides. On Sunday, March 19, the containership Mediterranean Shipping Company's MSC Anzu made the historic 1…
Meyer's Group Orders Tugs for New Panama Canal Locks
The Meyer's Group has ordered two Damen ASD 2913 Tugs to operate in the newly expanded Panama Canal. At an official signing ceremony at the Panama Maritime XIII World Conference, Michel Mittelmeyer, Chief Executive Officer said the Meyer’s Group was awarded a contract last year to offer towage support in the new Panama Canal locks. These new tugs fulfill the requirements of the Panama Canal Authority as more powerful vessels…
Louisiana Dredging Outlook
When maritime stakeholders think about dredging, they typically first conjure up visions of harbor deepening projects to accommodate those giant, post-Panamax boxships. Conversely, inland players hope for maintenance dredging in the heartland to keep the nation’s 31,000 cargo barges afloat as they head for the coast. But, there is much more to it than that. In Louisiana, dredging, of course, keeps Louisiana's waterways open for navigation…
East Coast Gateway Terminal Agreement in the offing
The Georgia Ports Authority and the Virginia Port Authority filed on Friday, Feb. The agreement encourages voluntary cooperation in the areas of operational and supply chain efficiencies…
Maersk Sees Strong Growth in Mexico
Maersk Line saw a 21 percent jump in cargo volumes in Mexico between January and October 2016 compared with the year-earlier period, says a report by T21. Mexico…