APAC to Fuel Global Wind Power
Global wind power market size increased from $71.6bn in 2010 to $96.4bn in 2018. During the 2019–2030 forecast period, significant capacity additions in the Asia-Pacific (APAC) region are expected to drive that market, increasing the market size to $124.6bn by 2030.A report from GlobalData revealed that China is the global leader in terms of both capacity additions and in terms of cumulative wind capacity in 2018. The report also finds that offshore wind power will gain popularity and increase its share of total capacity during 2019–2030.Harshavardhan Reddy Nagatham…
AEO Status for APM Terminals Quetzal
Guatemala’s Superintendence of Tax Administration (SAT), customs entity, has recognized APM Terminals Quetzal’s transparency and security through its accreditation as an Authorized Economic Operator (AEO). The terminals achieved a 100% compliance rating.The terminal uses a state-of-the-art terminal operating system to optimize security, control and cargo management. It also enables customs and customers to work together as efficiently as possible.Authorized Economic Operator (AEO) recognized the terminal’s compliance with international and local security standards…
KVH Introduces TracVision UHD7
KVH Industries has introduced the TracVision UHD7, a high-performance 60 cm (24 inch) marine satellite TV antenna designed to provide boat owners, charter yacht guests, and commercial vessel crews with access to ultra high-definition (UHD) and 4K programming from DIRECTV as well as regular HD programming from other leading satellite TV providers. The system is on display at the Fort Lauderdale (FL) International Boat Show, October 30-November 3, in Booth 328.Designed for ease of installation and use…
IMO2020: Market Uncertainty Brings More Fuel Oil Price Volatility
The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor.The uncertainty of the upcoming IMO 2020 Sulphur cap regulation (IMO2020) is having a big impact on the bunker market. Whereas, the price for Marine Gas Oil Low Sulphur (MGO LS) has largely remained stable, the price for High Sulphur Fuel oil (HSFO) has been become increasingly more volatile in recent months.
Panama Canal Reports Record FY 2019 Tonnage
The Panama Canal has closed the 2019 fiscal year (FY19) with a record tonnage of 469 million Panama Canal tons (PC/UMS), a 6.2 percent increase compared to FY2018.With this figure, the waterway exceeds the 450.7 million PC/UMS tons projection for FY2019, as well as the record tonnage of 442 million PC/UMS tons registered in the previous fiscal year. These record-setting results reflect the Canal workforce's commitment to efficiency and ongoing investments in infrastructure, which will allow the waterway to meet the growing demand and offer a reliable and safe service to customers.
ICTSI in Talks with Honduran Govt
The global port management company, International Container Terminal Services, Inc. (ICTSI) said that its Honduran unit Operadora Portuaria Centroamericana (OPC) is in talks with the government of Honduras to improve the facilities at Puerto Cortes, Central America 4’s (CA-4).Puerto Cortes, Central America 4’s (CA-4) largest port operated by OPC, can expect faster cargo movement in and around the terminal with OPC beefing up its partnership with Honduran authorities for improved and more efficient port services…
HGG Unveils New Ship Profiler
HGG’S new UPC 450 Ship Profiler is designed to increase cutting and prefabrication productivity by eliminating the need to cut ship stiffeners and spools by hand. HGG production automation combines ship stiffener cutting, 3D profile cutting with optional tube cutting.The HGG UPC 450 Ship Profiler offers full process cutting integration through the HGG ProCAM Software Suite, integrating thermal cutting HGG ProCAD design, HGG ProGRAM work preparation coordination, and HGG’s internationally recognized 3D plasma cutting intelligence.
BIMCO: US Soya Bean Exports - Up or Down?
The trade war has brought increased attention to the soya bean trade between the US and China with 2019 offering conflicting narratives. On one hand, soya bean exports to China in the first six months of 2019 are up 10.9% compared with the first half of 2018, while on the other, exports to China in the 2018/2019 marketing year are down 68.7%.With the 2019/2020 marketing year now just round the corner, this trade is unlikely to return to pre-trade war levels. The combined effects of a worsening relationship between the nations as well as a smaller US soya bean crop…
Hapag-Lloyd Names "Hanseatic nature" in Hamburg
Hapag-Lloyd Cruises presented the Hanseatic nature for the first time in Hamburg on Saturday (May 04, 2019).The provider of adventure and classic cruising with luxury voyages to Polar Regions, Caribbean, Central America, Europe & more said that Hanseatic nature is the first of three, structurally- identical ships in the cruise line’s new expedition class. The ship left Hamburg on May 5, 2019 for its inaugural cruise, which will take it to the Hebrides, Orkney Islands and Shetland Islands, finishing in Bergen.
Hamburg Süd Expands Service
The trade between Europe and Central America, Caribbean and South America West Coast has always been a key element in the container liner shipping line Hamburg Süd’s global network of liner services.In cooperation with Maersk, Hamburg Süd will be expanding and enhancing the services it offers on this core trade beginning in June 2019.“Combining the strengths of Hamburg Süd and Maersk, we can offer our customers a best in class stand-alone service configuration without having to depend on vessel sharing agreements with other shipping companies…
USCG Commissions Newest FRC in San Diego
The Coast Guard commissioned the newest California-based 154-foot Fast Response Cutter in San Diego, Wednesday.The Benjamin Bottoms is the fourth Sentinel-Class Fast Response Cutter (FRC) to be homeported at Base Los Angeles-Long Beach.While these ships will be based in San Pedro, they will operate throughout the 11th Coast Guard District, which includes all of California and international waters off of Mexico and Central America. "Radioman First Class Benjamin Bottoms is a Coast Guard hero," said Adm. Charles Ray, the Coast Guard vice commandant.
Hamburg Süd, Maersk Strengthen Portfolio
Hamburg Süd has strengthened its product portfolio on the Europe with new stand-alone service offered in collaboration with Maersk.The trade between Europe and Central America, Caribbean and South America West Coast has always been a key element in Hamburg Süd’s global network of liner services. In cooperation with Maersk, Hamburg Süd will be expanding and enhancing the services it offers on this core trade beginning in June 2019.According to a press release, the serice will have maximum flexibility for tailor-made solutions…
ARG, Sea Ready Enter Marine Lube Deal
American Refining Group Inc. (ARG) announced its new partnership with veteran-owned small business Sea Ready Marine Petroleum, as ARG has designated Sea Ready as its global distributor of its refinery’s marine lubricants.Already the largest zinc-free (ZF) railroad-engine oil supplier east of the Mississippi River, ARG is taking its marine line of Specialty Lubricants to sea. The full line includes formulations customers have relied upon and trusted for decades, particularly its…
USCGC Munro's Record Cocaine Haul
The U.S. Coast Guard has released dramatic video of the moment it captured a drug smuggling vessel in the Eastern Pacific.U.S. Coast Guard Cutter Munro (WMSL-755) returned to San Diego from its maiden drug interdiction mission Thursday with a record 39,000 pounds of cocaine seized from smugglers in the Pacific Ocean.The cocaine and 933 pounds of marijuana were seized during 14 drug interdiction and disruptions off the coasts of Mexico, Central America and South America during the past three months. The drugs have a combined street value of $569 million, Coast Guard officials said.
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…
New Container Port Opens in Costa Rica
The inauguration of APM Terminals Moín, Costa Rica yesterday will enable products to be shipped on transatlantic routes to European and Asian markets without transshipment.The new terminal will also move Costa Rica to number one for connectivity, out of 139 countries ranked by the World Economic Forum, said a press release from the international container terminal operating company headquartered in The Hague, Netherlands."At APM Terminals we partner with governments to become the best port operator in the world and Moín is a great example.
CG Cutter Robert Ward Commissioned
The Coast Guard commissioned a new, California-based 154-foot Fast Response Cutter in San Francisco, Saturday, March 2, 2019.The Coast Guard Cutter Robert Ward is the second of four Sentinel-Class Fast Response Cutters (FRC) to be homeported at Coast Guard Base Los Angeles-Long Beach.While these ships will be based in Southern California, they will operate throughout the 11th Coast Guard District, which includes all of California and international waters off of Mexico and Central America.“This cutter is specifically designed to face today’s threats in the maritime domain,” said Rear Adm.
Shipbuilding: Hurtigruten Hybrid Construction Forges Ahead
Norwegian company Hurtigruten, the world’s largest expedition cruise operator, is continuing to push the boundaries when it comes to green travel with its order for three hybrid-powered vessels nearing completion, the first ship being due for delivery in May 2019.Two of these revolutionary ships are currently under construction at the Kleven Yard in Ulsteinvik, Norway, the MS Roald Amundsen and its sister ship, the MS Fritjof Nansen, both of which are custom-designed to cope with some of the most extreme conditions seen on our planet, each having a specially-designed, ice-strengthened hull.
THE Alliance to Operate 249 Ships in 2019
THE Alliance members Hapag-Lloyd, Ocean Network Express(ONE) and Yang Ming have published details of a rationalised revamped network for east-west trades effective from next year.The forthcoming THE Alliance products of 29 services will cover 76 ports in Asia, Europe including Mediterranean, North and Central America, the Middle East, Red Sea and Indian Subcontinent, said a joint press release.Deployment of over 249 efficient container ships with expanded capacity, offering improved service coverage…
Workshop on Maritime Admin in C. America
A regional workshop has provided senior maritime administration officials in Central America with the latest information on current and future developments at International Maritime Organization (IMO).The training was organized by IMO and the Central American Commission on Maritime Transport (COCATRAM) in Medellin, Colombia (4-6 March), said a press note from the UN Body.The 24 participants received detailed information about the activities within the IMO’s Integrated Technical…
Panama Canal Appoints New Administrator
The Panama Canal Board of Directors announced the appointment of Ricaurte Vasquez as the next Panama Canal Administrator.According to a press note from the artificial 82 km waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean, Vasquez will take office on September 4, 2019, succeeding current Administrator Jorge L. Quijano, who concludes his seven-year term at the helm of the waterway.The decision was made by the Board of Directors in accordance to an independent…
Latin American Ports Cargo Throughput Rose 7.7%
Container throughput in ports of Latin America and the Caribbean increased by 7.7% in 2018 in comparison with the previous year.According to the Economic Commission for Latin America and the Caribbean (ECLAC), this analysis is based on the performance of a sampling of 31 countries and 118 ports and port areas in the region.According to the annual report unveiled by the United Nations organization – which was called “port ranking” in prior years – the data largely maintained the heterogeneity seen in throughput behavior in previous periods, both in reference to ports and countries.
ION Bags Multi-Client Job in C. America
ION Geophysical Corporation has announced a new 2D multi-client reimaging program off the Pacific coast of Central America.According to the provider of acquisition equipment, software, planning and seismic processing services, and seismic data libraries to the global oil & gas industry, the Maya Reprocessing program covers unexplored open acreage that has not had E&P activity in 40 years. Previous exploration wells along the margin suggest the presence of an active petroleum system in the Pacific forearc basins.