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Board Approves

SC Ports to Invest US$123-Million in 2014 Plan

South Carolina Ports Authority (SCPA) Board of Directors approve its fiscal year 2014 financial plan. During its regular monthly meeting, the Board approved the SCPA's fiscal plan for the coming 12 months. From July 1 to June 30, capital spending of $123 million will fund major infrastructure investments such as the new container terminal at the former Navy Base, new equipment to handle the increased size of ships in the port as well as other upgrades to existing facilities.   The largest single area of spending is for the South Carolina Inland Port in Greer, SC, with $29.1 million planned to cover the remaining SCPA share of the project. The new facility is slated for a September 2013 opening. "Our public seaport system is an economic engine, spurring opportunity all across South Carolina," said Bill Stern, chairman of the SCPA Board. "The inland port will further expand the port's connection to the Upstate and will drive job creation and investment to that region." The financial plan also projects a nearly six percent increase in container volume on the strength of new, weekly services commencing this summer and increased volume from existing services.  


Tognum Has a New Major Shareholder

approximately 22% stake in Tognum AG – which it held through the company Seeker Rekees S.à r.l. – to Daimler AG. Daimler’s Supervisory Board approved the acquisition of this shareholding. Furthermore, Daimler AG has informed us that it intends to acquire a blocking minority (25% plus one share) in Tognum AG. The entire transaction is subject to the approval of antitrust and other authorities.


Vessels Change on Route

A conventional ferry will replace one of the PacifiCats on the Horseshoe Bay-Departure Bay route starting February 1 to allow the fast ferries to be phased in more gradually, BC Ferries' board chair Michael Francis and president Bob Lingwood announced. The BC Ferries' board of directors has reviewed the fast ferry implementation program, taking into account concerns of reliability, customer issues and financial considerations


Board Approves Waterborne Security Barriers

Authorizing the expenditure of Transportation Security Administration (TSA) Port Security Grant Funds, the Board of Harbor Commissioners has approved an agreement with Siemens Building Technologies for waterborne security barriers. The $2.9m design-build agreement includes the design, fabrication and delivery of 10,000 feet of floating security barriers. The Port of Los Angeles is taking the lead on this joint Port of Los Angeles/Port of Long Beach project which was approved in Round 3 of the


Harvey Gulf Announces Plans for 3 New LNG-Powered Boats

new Harvey Gulf tonnage depiction

Initial deal worth $165 million; $300 million for 6 additional newbuilds and another $500 million for acquisitions also approved.   Harvey Gulf International Marine announced Saturday that it will sign a deal for three LNG vessels to be built by Signal Shipbuilding. At a Harvey Gulf board meeting held on Satruday afternoon, the Louisiana-based operator's management team approved the $165 million deal, said Harvey Gulf International Marine Chairman & CEO, Shane J. Guidry


Container Growth Up at GPA

Photo: GPA

Geargia Port Authority Executive Director Curtis Foltz reported a 16.6 percent calendar year to date increase in container volumes, as well as capital projects necessary for future growth.    The Port of Savannah has moved 2.55 million twenty-foot equivalent container units since the start of the calendar year, an additional 365,097 TEUs. Twenty-foot equivalent container units grew by 4.4 percent (13,353 TEUs) in August alone, for a total of 315,175 TEUs.  


NY/NJ Port Authority Launches New Cargo Distribution Plan

Use of Barges, Trains to Move Cargo Will Reduce Truck Traffic, Improve the Environment The Port Authority launched a unique barge and rail cargo distribution network that will provide jobs and economic activity for the region, speed the flow of goods to consumer markets in the region and help reduce highway truck traffic. The Port of Albany will become the first Northeast port to participate in the program. The Port Inland Distribution Network will move containerized cargo by barge or


Alphatron Introduce Onboard PABX System

Image credit Alphatron Marine

Alphatron Marine introduces the Alphaconnect Hybrid, a type-approved on board Telephone System (PABX) with integrated IP facilities. The new Alphaconnect 48/128 hybrid uses well known Alphaconnect technology in combination with cable saving IP technology to provide internal marine communications. The Alphaconnect Hybrid offers: • 24 DNV approved analogue stations expandable up to 256 • 24 VoIP telephone ports with POE expandable up to 500 and more


All Items Approved at Stolt-Nielsen Meeting

Photo courtesy Stolt-Nielsen Limited

Stolt-Nielsen Limited announced that all agenda items were approved and all nominated directors were elected at its Annual General Meeting of shareholders held yesterday in Bermuda. The final dividend for 2013 of $0.50 per common share recommended by the Board of Directors on February 7, 2014 was also approved and will be paid on May 8, 2014 to shareholders of record as of April 24, 2014. stolt.com  


Georgia Ports See Double-digit Growth in December

Photo courtesy of GPA

The Georgia Ports Authority marked 12.3 percent container volume growth in December, moving 292,172 twenty-foot equivalent container units, an increase of 32,099 TEUs compared to December 2015, a record for the GPA.   Roll-on/Roll-off cargo mirrored that growth, with a 12.3 percent increase (7,000 units) in passenger vehicles and heavy equipment handled at Colonel's Island terminal in Brunswick and Ocean Terminal in Savannah. Georgia's deepwater ports moved 63,967 Ro/Ro units last month


Norway's Solstad Offshore, Farstad Shipping and Deep Sea Supply Agree Merger

Photo: Solstad Offshore ASA

 Norwegian OSV companies Solstad Offshore, Farstad Shipping and Deep Sea Supply have signed off on merger plans first announced on February 6, 2017.   The statutory merger plans have been approved and signed by the boards of Solstad, Farstad


GasLog Partners buy GasLog Greece

Photo: GasLog

 Greece-based GasLog Partners LP has reached an agreement to buy 100% of the shares in the entity that owns and charters the liquefied natural gas (LNG) tanker GasLog Greece from GasLog Ltd.   The aggregate purchase price for the Acquisition will be $219 million


India Approves Indo-Bangladesh Marine Pacts

Indian Prime Minister, Narendra Modi. Photo: PIB

The Indian Union Cabinet chaired by the Prime Minister Narendra Modi has approved MoU on passenger cruise services on the coastal and protocol routes between India and Bangladesh for starting regular movement of passengers and tourists in water crafts between the two countries.   


MOL Okays Dividend and Share Split

Photo: MOL Group

 MOL Shareholders in the Annual General Meeting have accepted the Board’s proposal for HUF 58 bn dividend payment, which was set to allow the Dividend Per Share (DPS) to grow by 10.2% to HUF 625 from last year’s HUF 567.   


India Okays 'Major Port Trust Authorities Bill, 2016'

Indian Prime Minister, Narendra Modi. Photo: PIB, Govt of India

 The Union Cabinet of India, chaired by the Prime Minister, Narendra Modi has approved  the Major Port Authorities Bill, 2016, a move aimed at bringing greater efficiency and professionalism in governance of ports through full autonomy in decision making and by modernizing the


Long Beach Weighs Offer for Hanjin Terminal

Photo: Port of Long Beach

The Long Beach Board of Harbor Commissioners will consider a proposal by a terminal investor to take over a majority stake in a long-term lease to operate the largest container terminal in the Port of Long Beach.   If approved, the pact could bring in business to replace the cargo volume


Long Beach Approves MSC's Bid for Hanjin Terminal

Photo: Port of Long Beach

The Port of Long Beach’s Harbor Commission on Wednesday approved an agreement to replace the bankrupt operator of its largest cargo terminal. The Long Beach Board of Harbor Commissioners greenlighted the move by a subsidiary of Mediterranean Shipping Co


India Rolls out Sagarmala Development Company for USD 15 Bln Maritime Push

The Union Minister for Shipping,  Nitin Gadkari inaugurating the Sagarmala Development Company’s office premises, in New Delhi on December 26, 2016. The Secretary, Ministry of Shipping, Rajive Kumar is also seen

 India's Minister of Shipping Nitin Gadkari has said that projects worth Rs. 1 Lakh Crore (USD 15 Bln)  under Sagarmala programme are at various stages of implementation and development.    He was speaking to the press at a ceremony  to inaugurate the Sagarmala


Delta ‘T’ Systems Expands Production

Photo: Delta “T” Systems

Marine ventilation systems company Delta “T” Systems said it has reconfigured its two 15,000 sq. ft. manufacturing spaces and added tooling and related equipment. The change accommodates the timely construction of the company's new USCG approved A60 Slimline Fire Damper and streamlines


Cosco Shipping Energy Joins Bid for LPG Carrier

Photo: China Merchants Energy Shipping Co., Ltd

 Cosco Shipping Energy Transportation (CSET) has announced that the board has approved it subsidiary, Shenzhen Cosco LPG Shipping, to join the bidding for a second hand LPG vessel.   Shenzhen Cosco LPG  is the energy shipping unit of Chinese shipping conglomerate China Cosco


Optimizing Aberdeen's Harbour Expansion Design

Photo: HR Wallingford

A £350m ($431m) development plan to expand Aberdeen Harbour was approved on December 19, 2016.   HR Wallingford has been involved in the project from its initial concept stages in 2010, and will be working with Aberdeen Harbour Board right through to construction


Hanjin Shipping's Sale of Total Terminals Okayed

File Image: a Hanjin Boxship underway (CREDIT: Hanjin)

Bankrupt South Korean shipping line Hanjin Shipping Co Ltd won U.S. court approval at a hearing on Wednesday for the $78 million sale of its stake in U.S. terminal operator Total Terminals International LLC, overcoming objections of container companies.  


Vancouver Port Hires Marle as Permanent CEO

Julianna Marler Photo Port of Vancouver

The Port of Vancouver USA Board of Commissioners today voted 2-1 to hire interim CEO Julianna Marler as the port’s permanent CEO/Executive Director.   Marler, who was appointed interim CEO by the board in May 2016, was one of three finalists for the position


Why Is Fuel Testing Important?

© Oleksandr Prykhodko / Adobe Stock

Ship operators shuld make on board fuel testing an operational necessity, urges Wilhelmsen Ships Service (WSS).   There are a host of issues, which can arise with both traditional heavy fuels and modern low sulphur distillates that, if left unchecked


Fibria Inks $636 mln Ship Deal with Pan Ocean

Brazil's Fibria Celulose SA , the world's largest producer of eucalyptus pulp, signed a $636 million shipping deal with South Korea's Pan Ocean Co Ltd, according to a securities filing on Friday.   The deal, approved by Fibria's board in November






 
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