The Jones Act is Good for Puerto Rico -Report
After Hurricane Maria struck Puerto Rico with devastating force on September 20, 2017, a number of news reports claimed that the Jones Act had severely damaged the Puerto Rican economy, both over time and in the immediate aftermath of the storm. Now a new report examining the role of the Jones Act shipping industry before, in the immediate aftermath of and in the months that followed the hurricane asserts that the Jones Act fleet delivers a dedicated and reliable flow of goods…
CMA CGM Selects BIO-SEA BWMS for 17 Containerships
CMA CGM, one of the world’s largest container carriers with a fleet of 454 vessels, has contracted France-based BIO-UV Group to supply its BIO-SEA ballast water treatment systems to 17 containerships, including newbuilds and retrofits.Nine liquefied natural gas (LNG) fueled 22,000TEU vessels currently under construction at China’s CSTC Shipyard will each be fitted-out with two 3,000m3/h capacity BIO-SEA B 10-1500 FX units, while eight 9,000TEU capacity Opera-class ships will be retrofitted with a BIO-SEA B 10-1000 FX unit capable of treating ballast water flow rates of 1…
CMA CGM Buys Stake in CSP Zeebrugge Terminal
French container carrier CMA CGM announced Friday it has acquired from CHINA SHIPPING Ports Development Co. Limited, a wholly-owned subsidiary of COSCO Group, a 10 percent equity interest in CSP Zeebrugge Terminal NV, through its wholly-owned subsidiary CMA Terminals.CMA CGM is currently the major client of the Belgian container terminal and accounted for one third of CSP Zeebrugge's total throughput in 2017.COSCO SHIPPING Ports completed the acquisition of the remaining 76 percent…
Diana Containerships Continues TC for M/V Domingo With CMA CGM
Diana Containerships announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with CMA CGM, Marseille, for one of its Panamax container vessels, the m/v Domingo. The global shipping company specializing in the ownership of containerships said that the gross charter rate is US$12,800 per day, minus a 3.5% commission paid to third parties, for a period of minimum eight months to maximum eleven months. The new charter period will commence on August 3, 2018.
Container Equipment Prices Put Pressure on Ship Leasing: Drewry
Container equipment rental rates and cash investment returns remain weak, despite last year’s recovery. But an earlier rise in container prices which lifted values to their highest level in five years will continue to put a dampener on returns, according to Drewry’s latest Container Census & Leasing annual review and forecast report, published this month. Long-term lease rates for standard dry equipment leapt by over 50% in 2017, having begun their recovery the year before as the Hanjin bankruptcy left large quantities of equipment impounded and therefore out of the market.
DP World Threatens Legal Action Over Djibouti Port Row
DP World threatened legal action against Djibouti after the government of the Horn of Africa nation ended a contract this year with the Dubai-owned firm for running a port facility, the company's spokesman said on Thursday.Djibouti ended the contract in February with DP World to run its Doraleh Container Terminal.The Dubai-based company said it issued its statement after "reports of the opening of the first phase of the Chinese built International Free Trade Zone, in violation of DP World's exclusive management rights.""DP World reserves the right to take all available legal actions, including
PIL Receives MPA Safety@Sea Award for Search & Rescue
Pacific International Lines (PIL) is honoured to receive the MPA Safety@Sea Award for the outstanding contributions to the search and rescue efforts in 2017 during the International Safety@Sea Conference held in Singapore (21 June 2018). The Master and Crew of Kota Cempaka, Kota Hidayah and of Southern Lily did us proud by rendering assistance to the Search and Rescue efforts coordinated by Vessel Arezoo off Hong Kong, rendering assistance to RCC Guam for the Search and Rescue…
Port of Oakland Container Imports at All-time High
Port of Oakland containerized import volume reached an all-time high last month, according to data released today. The port said it handled the equivalent of 87,207 20-foot import containers in June. That beat the previous monthly record of 84,835 containers set last July. June import volume was up 8.7 percent over June 2017, the port said. It explained that two factors may have led to the increase: Peak season – the summer-fall period when most U.S. imports from Asia are shipped – is expected to be strong…
Maritime Increasingly "Sends in the DRONES"
Drones increasingly take on the dirty, dangerous jobs in maritime. For insight, we spoke with David Knukkel, Founder & CEO, RIMS BVFor our readers not aware, please discuss the size and scope of RIMS BV.RIMS is a global service provider to help revolutionize maintenance strategies with smart drones and robotic inspections. We offer expertise, as well as the market inspection of enclosed spaces with your drone, (and we have) a lot of experience with inspection of different assets (such as ships…
Antwerp Port Sets New Records for 1H 2018
After a record first three months the port of Antwerp has also had an excellent second quarter with May as the best month ever. During the first six months of the year the port handled 118,648,143 tonnes of freight, a sharp increase of 6.5% compared with the same period last year. The main driver continues to be container freight which experienced further rapid growth of 8.2% compared with the first six months of 2017. The strong freight figures for the first quarter continued unabated in the second quarter. The container volume for its part rose by 8.2% to 66,298,043 tonnes.
ICTSI Wins Sudan Port Contract
Philippines-based International Container Terminal Services Inc. (ICTSI) said it has been chosen by the government of Sudan to handle the operations and management of the South Port Container Terminal (SPCT). In a disclosure to the Philippine Stock Exchange yesterday, ICTSI said the state-run Sea Ports Corp. of Sudan (SPC) has confirmed it as the preferred bidder to operate and manage the SPCT under a 20-year concession. ICTSI, controlled by gaming and ports tycoon Enrique Razon Jr.…
MV SSL Kolkata: Salvage Operations Continue
The salvage operations of the container vessel MV SSL Kolkata that had caught fire last month, is continuing in rough weather conditions with 2- 4 metre swells. The vessel is grounded at about 8 nautical miles off the ecologically sensitive Sundarbans since the 13th of last month when its cargo area had caught fire following an explosion. All 22 crew members were rescued by the Indian Coast Guard. The Directorate General of Shipping and its allied office, Mercantile Marine Department, Kolkata, Govt.
Container Ship “Afif” Named in London Gateway
It took British Maritime Minister Nusrat Ghani just one go to activate the mechanism that sent a big champagne bottle crashing against the massive sidewall of the “Afif”. This marked the official naming of the 15,000 TEU container ship on 16 July 2018. The name “Afif” is of Arabic origin and means “purity” and “honesty”; also, Afif is a city in central Saudi Arabia. The ship is technically equipped to use LNG fuel. With its ten sisters, “Afif” belongs to the category of “Ultra Large Container Vessel”, the second-largest ship class in Hapag-Lloyd’s fleet.
Yilport Makes a Bid for Taranto Container Terminal
Yilport Holding has submitted its offer for Taranto Container Terminal concession in Italy. Ionian Sea Port Authority (AdSP), the managing institution of Port of Taranto has officially received the request of Yilport Holding to operate the entire set of multi-purpose port facilities in the Port of Taranto. These terminals in Southern Italy handle container traffic, bulk cargo and serve ro-ro traffic. Well located as a relay hub for the Mediterranean Sea, the terminals are integrated to intermodal networks, connecting Southern Italy to Northern Italy and finally to the center of Europe.
Yang Ming Marine Transport Upgrade China-Indonesia Service
Taiwanese ocean shipping company Yang Ming Marine Transport Corp. (YM) will upgrade its China to Indonesia Service (CTI service).Four container vessels of nominal 4,250TEU will be deployed for the service effective on 7th August 2018.They will serve customers not only from Central & South China to/from Jakarta & Surabaya but also provide direct service from Davao to Kaohsiung & China.The CTI service will make a round voyage in 28 days. The rotation of ports of call are: Shanghai–Ningbo–Shekou–Jakarta–Surabaya–Davao–Kaohsiung– Shanghai.
DP World Acquires India's Continental Warehousing
Hindustan Infralog (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announced that the transaction to acquire 90% stake in Continental Warehousing Corporation (Nhava Seva) Ltd in India has now closed.CWCNSL’s founders, the Reddy family, will retain the remaining 10% shareholding and will remain involved in the business operations. It is the first investment of HIPL, the recently created investment vehicle between DP World and NIIF to invest up to US$ 3 billion in ports…
Interview: Natasa Pilides, Cyprus Deputy Minister of Shipping
Natasa Pilides, Cyprus Deputy Minister of Shipping, has held this newly created political post for only three months, but already she has big plans to facilitate the growth of her country’s stature in world maritime circles. In Athens at Posidonia we sat with Pilides to discuss her plans for the development of Cyprus’ blue economy.While dubbed “deputy” minister, make no mistake that Natasa Pilides is in charge, reporting directly to Nicos Anastasiades, the president of Cyprus who asked her to take on the challenge.
Indian Ports Register 3.91% Growth
The major ports in India have recorded a growth of 3.91% and together handled 174.02 Million Tonnes of cargo during the period April to June, 2018 as against 167.48 Million Tonnes handled during the corresponding period of previous year. For the period from April- June 2018, nine ports - Kolkata including Haldia, Paradip, Visakhapatnam, Kamarajar, Chennai, Cochin, New Mangalore, JNPT and Deendayal (Kandla) Port have registered positive growth in traffic. The highest growth was registered by Kamarajar Port (11.93%)…
MPC Container Ships Buys 2012-built Box Ship
MPC Container Ships ASA announced Thursday it has agreed to pay $13.86 million to acquire a 1,740 TEU containership built in 2012 at Guangzhou Wenchong Shipyard, China.The Norwegian based ship owner expects to take delivery of the vessel – to be renamed AS Selina – during the third quarter of 2018, bringing its fleet to 69 vessels.
Photo of the Week
On the bridge on open sea.Herbert Boettcher took this photo for Hamburg Süd when he travelled on the container ship Cap San Antonio from Europe to South America and back to Hamburg. Boettcher started with his worldwide long time project Seamotion in 2004. Boettcher is a German professional photographer working worldwide for shipping companies to create photos of merchant ships with his unique visual language.
LNG Powered ConRo Ship Delivered to Crowley
U.S. based Crowley Maritime Corp. has taken delivery of one of the world’s first combination container/roll on-roll off (ConRo) ships powered by liquefied natural gas (LNG), from shipbuilder VT Halter Marine Inc. The Jones Act compliant El Coquí is the first of two Commitment Class, LNG-powered ConRo ships being built for Crowley’s shipping and logistics services between Jacksonville, Fla., and San Juan, Puerto Rico.Operated by Crowley’s global ship management group, El Coquí will make its maiden voyage to San Juan later this month from Jacksonville (JAXPORT), its dedicated U.S. mainland port.
Wärtsilä Tallies $197 Mln Scrubber Deal
A major European container shipping company has ordered Wärtsilä’s hybrid exhaust gas cleaning equipment and retrofit services to its container vessels, worth EUR 170 million ($197 million).Wärtsilä Services will deliver 50 MW, 60 MW and 70 MW Wärtsilä hybrid scrubber systems which will be retrofitted to its container vessels. These are solutions which have the flexibility to operate in both open and closed loop. When operating in open loop mode, it uses seawater and in closed loop mode seawater with an additional reagent to remove SOx from the exhaust…
Chinese Imports to US Ports Peaking Early
Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products.Retailers such as Walmart Inc and Amazon.com face uncertainty due to U.S. President Donald Trump's threat to impose more tariffs on Chinese goods, and the jump in imports from the country was likely because of "pre-emptive buying in anticipation of the tariffs"…