EU Ambassadors Visit Peru’s Largest Multipurpose Terminal
APM Terminals Callao hosted an EU delegation of ambassadors representing 12 EU member states. Led by the EU Ambassador in Peru, Diego Mellado, the visit was of special interest as annual trade between the EU and Peru is more than $10 billion, 60% of which are exports from Peru to the EU. The trade agreement between the EU and Peru celebrated its fifth anniversary this year- and this month, the Lima Chamber of Commerce and Peru Eurocámaras signed an agreement to centralize EU efforts to promote economic development and investment.
Radio Holland Books Six-Ship Order From Royal Bodewes
Radio Holland Netherlands has received an order for a full Nav/Com package for six vessels being built at Royal Bodewes in Hoogezand, highlighting longstanding relationships, both with Royal Bodewes and manufacturer Furuno. The FURUNO FAR-22x8/23x8 series is characterised by its state-of-the-art antenna design and innovative signal processing techniques. Radio Holland will install the new FAR radar, together with 26” screens, on all six of the new vessels, which are being built at Royal Bodewes. The NavCom packages to be provided comprise a variety of Furuno equipment (a.o.
Algoma Joins Whale Conservation Efforts
Algoma Central Corporation, the largest fleet of dry and liquid bulk carriers on the Great Lakes–St. Lawrence Waterway, is adding the crews from 27 of its vessels to an expanding network of whale watchers. For the first time, the crews on Algoma’s self-unloaders, bulkers, tankers and cement carriers will collect data about the whales they see on their journeys this summer."Algoma is committed to providing sustainable and environmentally responsible marine transportation,” said Gregg Ruhl, Algoma’s Chief Operating Officer.
POSH Xanadu Wins Accommodation Contract From Petrobras
Brazilian oil company Petrobras has awarded a second charter to the POSH-owned semi-submersible accommodation vessel (SSAV) POSH Xanadu.The 750-pax POSH Xanadu will be supporting Petrobras' production activities in the Campos Basin, right after she completes her current job at the Chevron Big Foot Tension Leg Platform in the U.S. Gulf of Mexico. The firm contract with Petrobras is for eight months, with an option for an additional eight-month extension.This is the second charter POSH Xanadu has won from Petrobras, having supported the company between 2015 and 2016, also in the Campos Basin.
Disabled Freighter Towed into New York Harbor
The U.S. Coast Guard coordinated the tow of a disabled 611-foot freighter into the port of New York and New Jersey after it lost propulsion over 100 miles offshore in the Atlantic Ocean on Tuesday, August 21.At around 9 p.m. on Tuesday, watchstanders at Coast Guard Sector New York received a report that the Panama-flagged bulk carrier GDF Suez North Sea with 21 crew aboard, was disabled. The Coast Guard monitored the situation over the following days as the crew attempted to repair the propulsion system.By Thursday night…
China Navigation Company Opens Vancouver Branch
China Navigation Company (CNCo), part of the Swire Group, has expanded its presence in North America by establishing a branch office in Vancouver, Canada.The opening ceremony was graced by Bruce Ralston, Minister of Jobs, Trade & Technology, British Columbia, who unveiled a plaque in the CNCo office located at W Hastings Street.Minister Bruce Ralston said, “The Province recognises the significant contribution that The China Navigation Company makes to the shipping industry worldwide.
Long Drought Puts Pressure on Dutch Shipping Sector
The longest drought in decades is drying out rivers in the usually wet Netherlands, hitting cargo traffic and threatening a shortage of bulk supplies ranging from hops for beer brewers to cement for the construction sector.The summer of 2018 looks set to overtake 1976 as the driest one on record in the Netherlands, with almost no rain for two months and currently not expected until well into August.An enduring heat wave is expected to take temperatures to above 35 degrees Celsius later this week…
Great Lakes-Seaway Shipping Boosted in June
United States grain exports via the St. Lawrence Seaway are up 32.1 percent this season compared to 2017. Construction materials were also heavily influential in the latest results with a nearly 38 percent increase in asphalt from the same time last year, as well as increases in cement and stone.“Summer is the season for construction projects and ships have been delivering materials for major building projects across the region,” says Bruce Burrows, President of the Chamber of Marine Commerce. “U.S.
Spirit Energy Invests in West of Shetland
Spirit Energy will invest in exploration and appraisal West of Shetland for the first time early next year after farming into 50% of Hurricane Energy’s Greater Warwick Area.Spirit Energy will fund a $180 million (£139 million) campaign to drill three wells 100km West of Shetland, to further prove up the potential of an area which holds an estimated 2 billion barrels of oil equivalent (boe) in prospective and contingent resources.The three wells will be drilled in licences operated by Hurricane Energy (“Hurricane”).
Olmsted: Online & Open
After more than 30 years of frustratingly slow progress, cost overruns and more than a few mistakes, Olmsted is finally poised for success. That’s something to celebrate.It is official: The U.S. Army Corp of Engineers (USACE) wants Olmsted operational by October. After more than 30 years, the ribbon cutting to officially open the Olmsted Locks and Dam took place on August 30. The very old (1929) upstream locks and dams – Nos. 52 and 53, which Olmsted is replacing – will be dismantled by December 2020. Before that happens, Olmsted’s performance will be tested and confirmed.
Trump Bets on New European LNG Terminals
U.S. President Donald Trump expects the European Union to fund 9 to 11 liquefied natural gas (LNG) ports to absorb "vastly" more shipments from the United States but current EU investment in new projects will only help open small markets.In a White House press conference with Italian Prime Minister Giuseppe Conte late on Monday, Trump said part of the U.S.-EU trade talks sought to expand America's reach into the continent's gas markets which were awash in Russian supply."And we are already talking to the European Union about building anywhere from 9 to 11 ports…
India's Jal Marg Vikas Project on River Ganga on Full Steam
Even as the work on the development of Jal Marg Vikas Project (JMVP) on River Ganga is going on in full steam, a team of Inland Waterways Authority of India (IWAI) held a two day long intensive advocacy and communications outreach at Sahibganj and Rajmahal in Jharkhand. JMVP is India's prestigious development of waterways.The public meetings are being held as part of a month-long dialogue initiative on the entire stretch of JMVP (Varanasi to Haldia) that began in July.The IWAI is constructing a INR 280.
Copenhagen Malmo Port Begins LNG Bunkering
Copenhagen Malmö Port (CMP) now offers bunkering of Liquefied Natural Gas (LNG). First off was the vessel Ireland, which unloaded cement in Malmö. In connection with this she was provided with LNG via tanker lorries. It's about bunkering where safety requirements are extra tough. The bunkering at the end of May was made possible through close cooperation between the LNG supplier SkanGas, the client company Cementa, and CMP. Together the companies have investigated risks, taken precautionary measures and developed routines for bunkering LNG at CMP.
CEMEX UK Orders Dredger from Damen
CEMEX UK Marine Limited has placed an order for the first Damen Marine Aggregate Dredger (MAD). The vessel, which will be built at Damen Shipyards Galati, in Romania, is designed to extract sand and gravel from the sea bed up to depths of 55 meters, including in the challenging conditions experienced in the North Sea. Damen said the MAD is the result of extensive market research and customer consultation. A new, future-facing vessel of this type is aligned with an aggregate industry faced with an aging fleet of vessels and an increased focus on marine activity.
Eagle Bulk Shipping Adds New Ultramax
U.S. based owner of Handymax dry bulk vessels Eagle Bulk Shipping has announced that it has taken delivery of its newly acquired vessel, the M/V New London Eagle, a 2015-built CROWN-63 Ultramax. The acquisition has been funded by cash on-hand and new debt of USD 8.6 million. This loan, which equates to approximately 40% of the purchase price, represents an upsize to the existing Eagle Bulk Ultraco LLC Debt Facility which carries an interest rate of LIBOR plus 2.95% and has a maturity of October 31, 2022.
New 800m Quay Planned in Portugal
Portugal’s Blue Atlantic has released new plans for an 800 meter quay to berth two Panamax vessels showcasing its maritime trade potential. The 96-hectare site for sale in one of Europe’s leading maritime industrial zones is being primed for maritime, ports and logistics investors targeting the Iberian Peninsula and mainland Europe. Blue Atlantic project lead Fernando Fernandes said it offers one of the fastest and most efficient routes in and out of Europe, bypassing the congested Mediterranean.
Bahri Adds VLCC 'Lawhah' to its Fleet
The National Shipping Company of Saudi Arabia (Bahri) received a very large crude carrier (VLCC) named “Lawhah” on Thursday, the company said. "Continuing its strong start to 2018, Bahri accepted the delivery of ‘Lawhah to further cement its market-dominant position in crude oil transportation," said a press release. The vessel, which lifts the total number of the company’s multipurpose fleet to 90, is the second of five VLCCs to be received this year from Hyundai Samho Heavy Industries (HSHI), the world’s largest shipbuilding company based in South Korea.
Trump’s Infrastructure Proposals Disappoint -WCI
Waterways Council, Inc. (WCI) reacted to the Trump Administration infrastructure principles released today, expressing disappointment that the proposal moves toward eliminating the role of the Federal government to construct, operate and maintain the nation’s waterways by transferring that responsibility to nonfederal public or private entities. The President’s FY2019 budget request and the infrastructure initiative also propose to modernize the waterways transportation system…
Op/Ed: Disconnect from River to Washington
Just before the anticipation of good things to come on Valentine’s Day, on February 12, the inland waterways transportation industry was left feeling disappointed and puzzled after the release of the long-awaited Trump Administration infrastructure principles, and then the release of President Trump’s FY 2019 budget request. During the Presidential campaign, then-candidate Trump said he would undertake a $1 trillion infrastructure initiative that would focus on a wide array of projects, from sewer systems to bridges to Veterans Hospitals to rural broadband expansion.
Partners Eye Autonomous Vessel Technology for UK Ports
Peel Ports Group and ASV Global (ASV) have launched a partnership which will develop the use of autonomous vessel technology for U.K. port operations.The partnership kick-started with a visit from ASV’s team to the Port of Liverpool, to demonstrate the C-Cat-3, an autonomous vessel ideal for shallow survey operations.The C-Cat 3 operated in Brocklebank Dock carrying out seabed survey using a Norbit iWBMS multibeam echo sounder.The successful demonstration has led Peel Ports Group…
Pangaea Logistics Acquires Panamax Bulker
Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics solutions, announced that it has signed a memorandum of agreement to acquire the 2006 Imabari-built panamax M/V Madeleine for $14.2M to enhance the company's bulk fleet. This new vessel is set to be renamed and will be fully utilized in the Noranda trade, supporting Pangaea's continuous transportation capabilities to Noranda Alumina and Noranda Bauxite on a long-term contractual basis. The acquisition adds to Pangaea's fleet of panamax, ultramax and supramax ships used for supply chain logistics and shipping.
LNG Carrier Seri Camar Delivered to MISC
Malaysian shipping firm MISC Group has taken delivery of Seri Cemara, the final vessel in a series of five MOSS-Type liquefied natural gas (LNG) carriers built for long-term charter to Petronas.The 150,200 CBM LNG carrier has been built for MISC by South Korean shipbuilder Hyundai Heavy Industries Co., Ltd. (HHI). Upon its delivery, Seri Cemara joins her sister MOSS-Type carriers Seri Camellia, Seri Cenderawasih, Seri Cempaka and Seri Camar on long-term charter to Petronas.The…
SMT Shipping, CSL Rolls out Joint Venture
SMT Shipping and The CSL Group announced they have entered into an agreement for CSL to acquire 50% of Eureka Shipping, SMT's pneumatic cement vessel business. The new joint venture will allow Eureka and CSL to combine expertise, resources and innovative technologies to expand services to customers in the seaborne cement powder and fly ash transportation markets around the world. CSL's Australian cement shipping business is not included in the joint venture. "The joint venture represents an important step in CSL's strategy to increase its presence in the global construction material sector…