Crowley Logistics Adds 400 New Reefer to its Fleet
Florida-based Crowley Logistics has added 400 new refrigerated (reefer) cargo containers to its industry-leading equipment fleet just in time for the peak perishables shipping season beginning in Central America.The additional units, all 40-foot-long, high cubes built to Crowley’s exacting standards, further demonstrates the company’s focus on offering customers the most reliable and efficient equipment in the market. These units have wireless asset monitoring technology, which will provide continuous monitoring of the equipment as it transits from origin to destination…
US Crude Oil Exports to China Stalled
The development that saw no U.S. seaborne exports of crude oil to China in August has continued into September, according to BIMCO. This is despite crude oil not being a part of the ‘official trade war’.“The trade war between the U.S. and China is now impacting trade in both tariffed and some un-tariffed goods with both countries looking elsewhere for alternative buyers and sellers,” said Peter Sand, BIMCO’s Chief Shipping Analyst.“Ton mile demand generated by total U.S. crude oil exports has risen 17 percent from August to September…
Antwerp Port on Track to Sixth Record Year
Throughput continues to register growth in the Port of Antwerp. After record semi-annual figures, the total throughput after nine months stands at 177,026,550 tonnes – a sharp 6% increase compared with the same period last year.A press release from the company said that with these results, the port seems to be on track for the sixth record year in a row. The recent wave of investments moreover confirms the port’s appeal and reaffirms its role as a world player.Container traffic registered robust growth yet again, up by 7.1% (98,436,773 tonnes) compared with the first nine months of 2017.
Asian LNG Demand to Grow
Currently planned regasification capacity expansions in Asia will allow LNG demand to grow towards 2030, said energy consultent Rystad Energy.Total planned capacity additions is forecasted to reach 700 Mtpa by 2030 driven by expansions in China and India. Asia LNG demand of 392 Mt in 2030 would imply an average utilization rate of 56% if all regasification projects were sanctioned.The seasonality in East Asian demand will require China to continue its capacity development, while…
Antwerp Port on Track to Record Sixth Year
Belgian port Antwerp said that throughput continues to register growth in the port. After record semi-annual figures, the total throughput after nine months stands at 177,026,550 tonnes – a sharp 6% increase compared with the same period last year.With these results, the port seems to be on track for the sixth record year in a row. The recent wave of investments moreover confirms the port’s appeal and reaffirms its role as a world player.Maritime throughput continues to grow.
Panama Canal Sets Record Annual Cargo Tonnage
The Panama Canal closed its 2018 fiscal year with a record tonnage of 442.1 million Panama Canal tons (PC/UMS), which represents a 9.5 percent increase from the previous year, the Panama Canal Authority reports.With this tonnage, the Panama Canal surpasses the cargo projections of 429.4 million PC/UMS tons for FY 2018, as well as the 403.8 million PC/UMS tons registered in FY 2017."The Panama Canal continues to exceed our expectations, reinforcing every day the importance of the waterway's expansion and its impact on global maritime trade," said Panama Canal Administrator Jorge L. Quijano.
Crowley Awards Scholarships to Two Webb Students
Webb Institute, a four-year college specializing in naval architecture and marine engineering, has announced that the 2018-19 academic year recipients of Crowley Maritime Corporation’s Thomas B. Crowley Sr. Memorial Scholarship are Taylor Campbell (Class of 2019) and Reneé Tremblay (Class of 2020).Webb’s scholarship selection committee chose Tremblay of Bristol, R.I., and Campbell of Altoona, Pa., for their hard work, academic excellence, volunteer efforts and the superb leadership…
Panama Canal to Receive 234 Cruise Ships this Season
The Panama Canal announced that it expects to receive approximately 234 cruise ships through the Panamax and Neopanamax Locks during the upcoming 2018-2019 cruise season.The first transit was on Oct. 5 with the Seven Seas Mariner, on a northbound transit travelling from the U.S. West Coast to the U.S. East Coast."As the second full cruise season with the Expanded Canal, we aim to build off our recent milestones and success," said Panama Canal's Senior International Trade Specialist Albano G. Aguilar.
ZIM Improves its Cross-Atlantic Services
ZIM Integrated Shipping Services (ZIM) has announced changes and improvements of the services between the Mediterranean and the US East Coast & Canada, ZCA and ZCI.The upgrades are planned to start in December (subject to regulatory approval), as follows:ZIM’s flagship ZIM Container Service Atlantic (ZCA), connecting main Mediterranean ports, US East Coast & Canada, will have the following rotation: Mersin – Ashdod – Haifa – Aliaga – Piraeus – Livorno – Barcelona - Valencia – Halifax – New York – Norfolk – Savannah – Valencia – Tarragona – Mersin ZIM Container Service Italy (ZCI), in cooperat
US Navy to Deploy Hospital Ship to Latin America
Hospital ship USNS Comfort (T-AH 20) will deploy to Central America and South America in late September to begin a two-month humanitarian mission with stops in Colombia and the region, the U.S. Navy said.The USNS Comfort support in Colombia was requested by the Colombian government to relieve the pressure of increased population flows from Venezuela on their national health system.During the deployment, military medical personnel will work alongside our partners to provide needed medical assistance…
After Soybeans, EU Touts US LNG Imports to Woo Trump on Trade
The European Union said it was delivering on a deal with U.S. President Donald Trump to buy more U.S. liquefied natural gas (LNG) on Thursday but called on Washington to do more to make its prices competitive.In talks to urge Trump to drop hefty new tariffs last month, the EU's chief executive Jean-Claude Juncker agreed to work to increase imports of U.S. soybeans and LNG to the bloc.The EU has long worked to diversify away from relying on Russia for almost 40 percent of its gas needs by developing LNG infrastructure to access other suppliers like the United States.Whether U.S.
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…
Panama Imports Its First LNG Cargo
Panama has imported its first liquefied natural gas (LNG) cargo to commission the newly built $1 billion Costa Norte facility and power plant at Colon, expected to be a launch-pad for LNG trade across Central America.Many utilities in Central America and the Caribbean remain reliant on burning oil to generate electricity, but LNG offers a cleaner, cheaper and more efficient alternative.Shipping data shows the Engie-chartered Provalys tanker arrived last week, carrying a cargo exported from the Sabine Pass plant in Louisiana in March.AES Panama, a unit of U.S.
Cruise Industry Beat 2017 Passenger Projections
The ocean cruise ship industry surpassed 2017 passenger projections, reaching 26.7 million cruise passengers globally up from a projection of 25.8 million, according to the Cruise Lines International Association (CLIA).For 2018, based on the new vessel launch schedule and expected regional deployment, CLIA is projecting another positive year-over-year growth for the industry with a passenger forecast of 28 million.“Once again, the cruise industry has raised the bar and exceeded projections and expectations…
Container Shipping Shakeup Needed for Higher Rates
Container shipping: Change required for higher ratesDemandThe growing imports of loaded containers into the U.S. East Coast (USEC) continues to be a focal point for the container shipping industry. Growing by 10.4 percent in Q1-2018, the first three months saw 215,000 TEU more entering the USEC than in Q1-2017. Exports grew by 55,000 TEU in the same time span, growing outbound loaded containers by 3.8 percent.This illustrates the constantly changing imbalance in U.S. foreign trade. For every five containers entering the USEC in 2013, four were exported.
Crowley Launches New Caribbean Shipping Service
Crowley Maritime Corp.’s liner services group announced today that it has launched a new feeder shipping service connecting San Juan, Puerto Rico; Rio Haina, Dominican Republic; and St. Croix and St. Thomas in the U.S. Virgin Islands (USVI).With the new service, vessels depart Rio Haina on Sundays and arrive in San Juan on Tuesdays. After departure on Thursdays, cargo arrives in St. Thomas and St. Croix on Fridays, before the vessel moves to the Dominican Republic again for Sunday operations.
Interview: Volvo Penta's Ron Huibers
As Volvo Penta continues its strategic penetration of the commercial maritime sector, Maritime Reporter & Engineering News checks in with Ron Huibers, President, Volvo Penta of the Americas. When we first met with you a few years ago, Volvo Penta was in the early stages of a strategic move into the commercial maritime sector in North America. Please update your progress. Historically, we have been strong in the marine commercial markets outside of North America. Five years ago…
USCG Cutter Returns with $200 Mln Worth of Cocaine
The crew aboard the U.S. Coast Guard Cutter Steadfast (WMEC-623) returned home Friday to Astoria after a 60-day counternarcotic patrol in the Eastern Pacific Ocean.While patrolling international waters off the coast of Mexico and Central America, Steadfast’s law enforcement boarding teams intercepted and stopped eight separate vessels suspected of smuggling illicit drugs. The eight boardings resulted in the discovery and seizure of approximately 13,123 pounds of cocaine worth…
USCG Cutter Seizes $200m in Cocaine
The crew aboard the U.S. Coast Guard Cutter Steadfast (WMEC-623) returned home Friday to Astoria after a 60-day counternarcotic patrol in the Eastern Pacific Ocean. While patrolling international waters off the coast of Mexico and Central America, Steadfast’s law enforcement boarding teams intercepted and stopped eight separate vessels suspected of smuggling illicit drugs. The eight boardings resulted in the discovery and seizure of approximately 13,123 pounds of cocaine worth more than $200 million wholesale.
Interview: William Harber - Hurtigruten, Americas President
As the luxury yacht/adventure sector of the global cruise market continues to gain strength, Maritime Reporter & Engineering News recently received insights from Hurtigruten, a clear leader in the sector. William Harber, President of the Americas Region, Hurtigruten, explains the path forward. Please discuss Hurtigruten’s plans to ramp up its North American presence. We are indeed ramping up our presence in the Americas. From a distribution perspective, Hurtigruten is developing stronger, deeper and more strategic partnerships to drive our expedition cruise products.
Karl Senner Adds Canadian Sales Representative
Karl Senner, LLC, announced it has added a new manufacturer’s representative for the Eastern and Central region of Canada including the Atlantic provinces of Newfoundland, Nova Scotia, Prince Edward Island, New Bruswick, Quebec, Ontario and Manitoba. RAD-Power, based in Beaconsfield, Quebec, will become the representative for Karl Senner, LLC’s product lines including REINTJES Marine Gearboxes, beginning April 1, 2018, and Steerprop Azimuth Drives, beginning June 1, 2018. RAD…
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. The weak demand came from the Far East to Europe trade, and on the Intra-Asian transport.
Global Seaborne LPG Volumes Grow: Epic Gas
Global seaborne LPG volumes saw continued growth in 2017 reaching 91.9 million tonnes, 4.3% higher than the 88.1 million tonnes shipped in 2016, says Epic Gas. Epic Gas loaded 2.8 million tonnes in 2017 and was involved in 2,486 cargo operations in 266 different ports. LPG cargoes made up 80% of the cargoes lifted with the balance being petrochemical. At the year end, we had 4 vessels operating in the Americas, 18 in the Europe/Middle East/Africa (EMEA) belt and 19 in Asia. Propylene imports into China reached a record high of 3.1 million tonnes…