Carnival Brands Pause Cruises for Another Month
Four of Carnival Corp’s cruise lines said on Monday they would extend the suspension of all voyages by a month to May due to the coronavirus crisis that has worsened over the past few weeks.The brands - Holland America Line, Carnival and luxury cruise ship operators Seabourn and Cunard - together operate 49 ships.Carnival Corp, also the operator of two coronavirus-stricken Princess cruises, has already temporarily suspended several of its ships due to concerns over the rapidly spreading COVID-19 crisis earlier this month.“The impact of COVID-19 is affecting personal routines and businesses as
Tanker Rates Fall, but Storage Demand Stays Firm
After a frantic week that sent crude oil freight rates to record highs amid a bookings bonanza to ship Saudi oil to the world, rates are now easing as charterers balk at the nosebleed charges and await Saudi volume plans for April, shipping sources said."Sentiment remained softer today," said one ship broker while pointing to another day of limited chartering activity.At least nine very large crude oil carrier (VLCC) provisional charters failed this week along with another five for Suezmax tankers…
Darley Named LR Marine and Offshore COO
Lloyd’s Register (LR) said it has named Mark Darley as Marine & Offshore (M&O) Chief Operating Officer.Darley, who joined LR on graduation as a marine surveyor 20 years ago, is currently M&O President for North Asia and has held leadership positions in the UK, South Asia and the Americas. He will continue to be based out of Shanghai, close to the heart of LR’s core new construction business in North Asia.LR said it will recruit for a new North Asia President with Darley fulfilling this role until a replacement is appointed.
Opinion: Maritime Freedom & the Global Commons
“Freedom” – the absence of subjection to foreign domination or despotic governmentIt has been decades since international relations in the world order dictated true competition for sea control, sea lines of communication, access to world markets, and diplomatic partnerships. However, it is becoming increasingly alarming that nations such as Iran, China and Russia seek to accumulate/consolidate power and re-define international maritime norms, potentially at the peril of diplomatic…
Motor-Services Hugo Stamp acquires TurboUSA
Motor-Services Hugo Stamp, Inc. (MSHS) a provider of diesel engine products and services, has entered into a definitive acquisition agreement with TurboUSA, Inc., a provider of maintenance and repair services for turbochargers. The acquisition became effective on February 20, 2020.Under the acquisition, leadership and staff of TurboUSA, Inc. will join the MSHS team and the TurboUSA brand will be retired.Are Friesecke, President of Motor-Services Hugo Stamp said: “This is an exciting event for MSHS and TurboUSA…
SAAM Towage Orders Tug Pair from UZMAR
SAAM Towage said it signed a contract with Turkish shipbuilder UZMAR Shipyards to begin building two new tugs that will provide services for a liquefied natural gas (LNG) project being developed by Energía del Pacífico (EDP) in El Salvador.The new RAstar 3200W azimuth tugs were designed by Canadian firm Robert Allan Ltd. and will be built in Turkey by UZMAR. They will measure 32 meters in beam, have a bollard pull of 75 tons and can reach a maximum speed of 12.5 knots. They will also have superior steering and breaking capacity for escort operations…
P&O Maritime Logistics Names Helweg CEO
Marine solutions and logistics company P&O Maritime Logistics (POML) said it has appointed Martin Helweg as its new Chief Executive Officer. He will report to Mike Bhaskaran, DP World’s Chief Operating Officer for Logistics and Technology.For the past three years, Helweg has been responsible for P&O Maritime Logistics’ global operations. Earlier, Martin spent over 15 years in marine service solutions working for Svitzer, an A.P. Moller-Maersk Company in regional CFO and CEO roles across the Americas…
DP World Buys North American Terminal
Dubai-based port operator DP World announced it has completed the acquisition of Fraser Surrey Docks in Canada from Macquarie Infrastructure Partners (MIP) alongside its partner Caisse de dépôt et placement du Québec (CDPQ).The enabler of global trade said in a press release that said the acquisition complements its footprint in Canada, which also includes terminal operations in Vancouver, Nanaimo, Prince Rupert and St John’s, without disclosing the value of the purchase.The integrated coast-to-coast platform provides customers with bulk…
"Ghost Ship" Washes Up in Ireland
An abandoned cargo ship landed on the coast of Ireland this week after more than a year drifting alone at sea.The Irish Coast Guard said it responded to a merchant vessel aground near Ballycotton, Cork on Sunday, only to discover there was no one was on board.It turns out that the mysterious vessel is the 250-foot Tanzanian-flagged Alta, which had been left crewless and adrift on the other side of the Atlantic when the U.S. Coast Guard rescued all 10 crew members on board after the vessel lost power while en route from Greece to Haiti in September 2018.At the time of the rescue, the U.S.
SAAM Acquires Intertug
Chilean logistics company SAAM has struck a deal to buy Intertug Investment Holding, a towage services company with operations in Colombia, Mexico and Honduras.SAAM will spend $54.5 million for 70% of Intertug, based on an enterprise value of $98 million, and carry out the acquisition through a capital increase and a share purchase, it said in a stock market exchange announcement.Intertug's 25-vessel fleet logs more than 18,000 maneuvers a year, generating around US$44 million in towage service revenue annually.The partnership with Intertug allows us to enter Colombia…
Svitzer Appoints Americas MD
Maersk's towage operator arm Svitzer announced on Thursday it has appointed Arjen Van Dijk as its new Regional Managing Director (MD) for the Americas region, effective February 1, 2020.Van Dijk is taking over from Marc Niederer, who has decided to step down due to personal reasons and is currently considering various options for his future role, the company said.Van Dijk joined Svitzer in July 2019 as regional CCO and is now advancing to Regional MD. With more than 15 years in global shipping and transportation…
Kalmar Hybrid RTGs for Argentina
Kalmar, the provider of cargo-handling solutions and services to ports and terminals, is delivering two rubber-tyred gantry cranes (RTGs) with hybrid drivelines for Exolgan S.A. container terminal in Buenos Aires, Argentina.The order that follows the delivery of four hybrid RTGs to the terminal this December, was booked in Cargotec's 2019 Q4 order intake with delivery scheduled to take place in late 2020, said a press release from the unit of Cargotec.The Exolgan terminal in Buenos Aires is a container-handling port terminal with strategic road, rail and river transport connections.
SAAM Towage to Enter El Salvador Market
Latest move to Enter El Salvador with Energía del Pacífico will Reinforce SAAM Towage's Presence in Central America.The Managing Director of SAAM Towage, Felipe Rioja, celebrated the company’s upcoming launch in the new market: El Salvador. “We will provide services for the Energía del Pacífico (EDP) project at the Port of Acajutla, which reinforces our presence in Central America and our commitment to the region,” he commented.The long-term agreement with EDP calls for allocating three tugs, two of which are new, to power plant operations.
INSIGHTS: Sean Fernstrum, President, R.W. Fernstrum
This month, listen in as Sean Fernstrum weighs in on how his firm arrived at its enviable market position, what comes next, and why.Sean Fernstrum is a third-generation owner of R.W Fernstrum & Company. He graduated from Michigan Technological University in 1990 with a Bachelor of Science degree in Scientific and Technical Communications. After college, he came home to Menominee, Michigan and began working as a Technical Writer at R.W. Fernstrum & Company. He has been President of the company for the last 8 years.
Rolls-Royce, RAL Collaborate on LNG Pushboat
Rolls-Royce and Canadian vessel designers Robert Allan have developed the world's first shallow-water push boat powered by LNG natural gas engines. DNV GL gave its “Approval in Principle” to the new design at the International Workboat Show in New Orleans. “The interest of the market regarding the design study of Robert Allan and Rolls-Royce confirms that the decision was right to develop a lean-burn gas engine. We have found operators across the globe who have seen the benefits of operational costs in addition to the reduction of environmental impact…
Offshore: OSV Market Report
The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.The fate of Offshore Service Vessels (OSVs) is, naturally, closely tied to the price of oil. Seacor Marine’s John Gellert, in reviewing its Q2 results, said: “Activity levels in the U.S.
Port Operator ICTSI to Double Capacity at Congo Terminal
Philippines-based port operator International Container Terminal Services Inc. (ICTSI) will more than double the capacity of its container terminal in Congo as part of a $100 million expansion, the company said on Thursday.Located on the Congo River, the port city of Matadi, where ICTSI operates the Matadi Gateway Terminal (MGT) under a joint venture with Congolese property management company SIMOBILE, is the Democratic Republic of Congo's primary shipping hub.The planned expansion will bring MGT's throughput capacity up to 400…
Joseph Angelo Awarded Global Maritime Prize
The prestigious International Maritime Prize for 2018 has been presented to Joseph J. Angelo, a former United States Coast Guard (USCG) and International Association of Independent Tanker Owners (INTERTANKO) senior executive who participated in International Maritime Organization (IMO) meetings for many years, providing leadership on a number of key regulatory developments.IMO Secretary-General Kitack Lim presented the prize on Monday (25 November) at the annual IMO Awards ceremony.
"Narcosubmarine" a First for Europe -Spanish Officials
The discovery of a submarine carrying 3,000 kg (3.3 tons) of cocaine off the coast of Spain marks a "historic" turning point in the battle against drug trafficking, Spanish authorities said on Wednesday.Police described it as the first "narcosubmarine" to be intercepted in Europe, adding in a statement that it had been found in waters off the northwestern region of Galicia on Saturday, stuffed with 152 neatly-wrapped bales of cocaine.The estimated street value of the drugs is 100 million euros ($110.22 million)…
MJP Appoints Regional Director for Americas
Marine Jet Power (MJP) has appointed Michael Rickey as President and Regional Director of Marine Jet Power, Inc. effective as of December, 2. Rickey will be responsible for business development in the Americas region, where the company holds a corporate office in Blacklick, Ohio.Prior to joining MJP, Rickey enjoyed a 24-year career with American Honda, where he began in 1995 as an assistant manager for export sales. Since then, he has served in several senior roles within the organization from operational to business development. Most recently serving as Senior Manager for Honda Marine.
Interview: Boriana Farrar, Ship Owners Claims Bureau
Boriana Farrar is a familiar face in maritime circles, the Vice President and Counsel and a Senior Claims Executive and Business Development Director for the Americas at the Ship Owners Claims Bureau, Inc. managers of the American P&I Club. We met with her in her NYC office to discuss her path from her native Bulgaria to a top maritime professional position.When Boriana Farrar moved from her native Bulgaria to the United States in 2001, she did so to be close to family, her mother and her sister who had already established a life in the U.S., some 5,000 miles from her homeland.
Epic Gas Buys 11,000 CBM Vessel
Epic Gas Shipping Company, which owns and operates a fleet of fully pressurized gas carriers, has announced the acquisition of 2015-built 11,000 cbm LPG carrier Epic Sicily.The Singapore-based LPG carrier operator said that the vessel, Epic Sicily, is built by the Sasaki Shipbuilding Co. Ltd. of Japan in 2015.The vessel has been on bareboat charter-in since Feb 2015 and Epic Gas is now exercising the purchase option under the charter contract. Finance of 60% of the acquisition cost comes from Epic Gas’s recently closed refinancing…
CEVA Logistics Opens Marseille HQ
On the occasion of his visit to Marseille for the National Industry Council, Prime Minister Edouard Philippe came to inaugurate the new global headquarters of CEVA Logistics, a subsidiary of the CMA CGM Group, with Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group.The Prime Minister was accompanied by Elisabeth Borne, Minister for the Ecological and Inclusive Transition, the President of the South Region, Renaud Muselier, and Nicolas Sartini, Chief Executive Officer of CEVA Logistics.With the acquisition of CEVA Logistics in May 2019…