Ecuador News

24 Mar 2019

IMO Kicks-Start GloFouling Project

Pic: International Maritime Organization (IMO)

International Maritime Organization (IMO), the UN body, announced that a major five-year project to help protect marine biodiversity has been kick-started at a global workshop at IMO Headquarters in London, United Kingdom (18-20 March).The IMO-executed GloFouling Partnerships project will address bioinvasions by organisms which can build up on ships’ hulls and other marine structures. The project is a collaboration between the Global Environment Facility (GEF), the United Nations Development Programme (UNDP) and IMO.Representatives from 12 lead partnering countries…

14 Mar 2019

DP World downplays Trade Tensions as Profit Soars

File Image: Atypical DP World managed terminal. CREDIT: DP World

DP World, one of the world's biggest port operators, said on Thursday its business could weather international trade tensions, after reporting a 10.2 percent rise in 2018 profit."Current year has started with trading in line with expectations and whilst the near-term outlook remains uncertain with the trade war and geopolitical headwinds, we expect our portfolio to remain resilient and see increased contributions from our recent acquisitions and investments,” Sultan bin Sulayem, DP World chairman, said in a statement.The Dubai state controlled firm said it made a profit attributable to owners

27 Feb 2019

Kalmar Backs DP World Ecuador Terminal Project

Pic: Kalmar

Kalmar, a provider of lifting solutions and part of Cargotec, has announced a further extension of its collaboration with world-leading global terminal operator DP World.A new fleet of Kalmar mobile equipment - 33 terminal tractors, three empty container handlers, three reachstackers and one forklift - will ensure safe and efficient operations at DP World's new deep-water port at Posorja in Ecuador. The order was booked in Cargotec's 2018 Q4 order intake, with delivery scheduled to begin during Q2 of 2019.

18 Feb 2019

APM Terminals Ecuador Upgrades

Pic: APM Terminals Ecuador

To address rapid increases in volumes APM Terminals Inland Services Ecuador introduced an accurate and reliable Truck Appointment System (TAS).This approach has already proved itself at other APM Terminals’ facilities, including neighbouring Peru. The system allows for much better co-ordination of arrivals and departures leading to significantly shorter wait times for trucks.The system now allows truck arrivals at the facility to be spread evenly throughout the day with a truck turnaround time of just 45 minutes.

03 Jan 2019

Contecon Guayaquil is LatAm's First Carbon-Neutral Port

From left to right: Gustavo Manrique, President of Sambito and Evelyn Montalván, Guayas Provincial Director of the Ministry of the Environment hands over the plaque of recognition to José Antonio Contreras, chief executive officer of Contecon Guayaquil as the first carbon-neutral port in the whole of Ecuador and Latin America. Photo: ICTSI

Contecon Guayaquil SA (CGSA) became the first port in South America to obtain a carbon-neutral certification, with the Ecuador Ministry of Environment and environmental ratings agency, Sambito SA, recognizing the company’s strong and priority commitment to the environment.According to ICTSI, the operator of the Port, the certification marking CGSA’s compliance to ISO 14064-1 standards lauds the company’s policies that are directed and translated towards greater sustainability initiatives…

04 Dec 2018

Interview: Admiral Karl Schultz, Commandant, United States Coast Guard

Coast Guard Commandant Adm. Karl Schultz visits with Coast Guard crews stationed in
New York City. U.S. Coast Guard photo illustration by Petty Officer 1st Class Jetta Disco.

Maritime Reporter & Engineering News was offered the opportunity to interview Admiral Karl Schultz, the 26th Commandant in the history of the United States Coast Guard, in his office in Washington, DC. Just five months into his tenure, his plate is predictably full with a number of challenges, including: Attracting and retaining future U.S. Coast Guard personnel; addressing a number of assymetric threats, including cyber attacks; and ensuring captial and operating budgets are adequate to safely and efficiently carry out a global mission envelope, to name but a few.

26 Nov 2018

IMO Launches Global Project to Protect Marine Biodiversity

Pic: International Maritime Organization (IMO)

The GloFouling Partnerships project - a collaboration between the Global Environment Facility (GEF), the United Nations Development Programme (UNDP) and the International Maritime Organization (IMO) -  has been launched.The new international effort to combat the negative environmental impacts of the transfer of aquatic species through ships  will address the build-up of aquatic organisms on a ship’s underwater hull and on other marine mobile infrastructure.The introduction of invasive aquatic organisms into new marine environments not only affects biodiversity and ecosystem health…

30 Oct 2018

BBC Chartering Joins Seaboard to Create “Andino Service”

Pic: Seaboard Marine

As part of their mission to improve services for shippers moving cargo between the US Gulf Coast, Jamaica, and ports in Ecuador, Peru and Chile, Seaboard Marine and BBC Chartering are pleased to announce a new strategic cooperation which will be marketed as “Andino Service.”A press release from the international shipping company based in Leer, Germany said that beginning as early as November 2018, BBC and the ocean transportation service provider in North America Seaboard Marine…

08 Oct 2018

IMO to Push Nations for Legislation on Treaties

Pic: International Maritime Organization (IMO)

An important strategic objective for International Maritime Organization (IMO)  is improve the way its treaties and conventions are implemented, at the national level.Domestic implementing legislation is required but audits carried out by IMO reveal that, in many countries, it either doesn’t exist or is incomplete.To address this need, IMO offers an intensive 5-day workshop for lawyers and legislative drafters. It provides them with the tools they need to understand IMO treaties and how they are developed and adopted.

25 Sep 2018

Guyana Puts Oil Auctions on Hold

(File photo: Hexx Corp)

Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister of State Joseph Harmon said on Monday.Since 1999, Guyana has awarded a group led by Exxon Mobil Corp hundreds of oil blocks along Guyana's maritime borders with Venezuela and Suriname. Their finds are turning Guyana, a country with no history of oil production and relaxed energy regulation, into one of Latin America's hottest prospects for oil investments.Exxon…

23 Sep 2018

Bomin Exits Bunker Markets in Singapore, Antwerp

Image: Mabanaft Group

The Bomin Group, a supplier of marine fuels, has announced that it will exit the bunker markets in Singapore and Antwerp.Going forward Bomin will operate from only two offices: Houston and Hamburg. The two offices will serve all Bomin customers in all German ports, the US Gulf Coast, Panama, Norfolk, and Ecuador.“The Bomin group is in a transformation and restructuring process and intense competition and low margins characterize the situation in all major ports,” says Jan Christensen, Managing Director of Bomin Group.

16 Aug 2018

DP World Gross Volume Up 4.8% for 1H 2018

Photo: DP World

Dubai-based port and terminal operator DP World said that its gross volumes rose 4.8 percent to USD 35.6 billion s for the six months to 30 June 2018,  despite uncertainties in the container market. On a reported basis, revenue grew 14.4%.Revenue growth is supported by the volume growth across all three regions and the impact of new acquisitions including Drydocks World LLC (Drydocks), Dubai Maritime City (DMC) and Cosmos Agencia Marítima (CAM).Profit attributable to owners of…

10 Aug 2018

AST Expands on Three Continents

Global satellite solutions and projects company, The AST Group, has recently opened new offices in Sydney, Rotterdam, Ecuador and Norwich, U.K. These new locations provide strategic bases for expansion in the maritime and land sectors and increase geographic reach.The company said Australia continues to be a success story, with growth gravitating to the East of the continent with Sydney becoming AST’s third Australian office.AST Marine Networks, a maritime solutions division of AST, has moved into larger premises based in Norwich, Norfolk to accommodate expansion in the maritime VSAT and L-Band sectors as well as opening an office in…

23 Jul 2018

Exxon Expects More Oil from Guyana's Offshore Block

Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain about 25 percent more recoverable resources than estimated, they said on Monday.Exxon and U.S.-based partner Hess Corp said more than 4 billion barrels of oil equivalent could be recovered from the Stabroek block, which is part of one of the biggest oil discoveries in the world in the last decade.The previous estimate was 3.2 billion barrels of oil equivalent, Exxon, the world's largest publicly traded oil producer, said.Besides Exxon and Hess, China's CNOOC is also part of the consortium that is interested in Guyana's Atlantic coast resources.Exxon said production from Stabroek could reach over 750…

02 Jul 2018

ICTSI Contecon Guayaquil Gets Approval to Handle Mega Vessels

Contecon Guayaquil SA, a subsidiary of International Container Terminal Services, Inc. at the Port of Guayaquil, is now the first and only port in Ecuador to accommodate two mega vessels simultaneously. Photo: ICTSI

Contecon Guayaquil SA (CGSA),  subsidiary  of Manila-based International Container Terminal Services (ICTSI)  has received the government of Ecuador approval to accommodate mega vessels of up to 305 meters in length at the Port of Guayaquil’s Berths 2 and 3. "ICTSI further strengthened its market position as the main trading gateway in the entire Ecuador after recently getting the government’s nod to service larger vessels," said a press release from the company. The Ecuadorian Ministry of Transport and Public Works…

17 May 2018

New Rules on Ship Emissions Herald Sea Change for Oil Market

© xy / Adobe Stock

New rules coming into force from 2020 to curb pollution produced by the world's ships are worrying everyone from OPEC oil producers to bunker fuel sellers and shipping companies.The regulations will slash emissions of sulfur, which is blamed for causing respiratory diseases and is a component of acid rain that damages vegetation and wildlife.But the energy and shipping industries are ill-prepared, say analysts, with refiners likely to struggle to meet higher demand for cleaner…

16 May 2018

Workboats: Three Damen Stan Tugs for Corpetrolsa Group



Corpetrolsa Group of Ecuador to take delivery of three Damen Stan Tugs (Photo: Damen Shipyards)

Damen Shipyards Group signed a contract with Corpetrolsa Group of Guayaquil, Ecuador, for the supply of three tugs; one Stan Tug 1205 and two Stan Tugs 1606. The tugs will be operated by Corpetrolsa subsidiary DLEN S.A. to support its bunkering operation. Corpetrolsa Group operates its own fleet of tankers in the 2,000 to 7,000 DWT range and the three new tugs will be used to assist them in the Ecuadorean ports of Esmeraldas and La Libertad. The vessels were already in stock at Damen Shipyards Gorinchem and will be supplied in their standard format without modifications.

09 Apr 2018

Fleet Storing Gasoline off Europe's Coast Growing

© Dale Stagg / Adobe Stock

Gasoline stored in ships off Europe's coast has ballooned to more than 400,000 tonnes, putting pressure on the continent's traders to compete for buyers once summer demand starts. Several vessels have joined the three initially booked to store fuel off Europe's ports in mid-March, and brokers said even barges have held cargoes of gasoline for three to four weeks as the volumes traded in Europe hit record levels last month. The tankers Torm Tevere, Ridgebury John B and STI Clapham are now parked off Europe's Amsterdam-Rotterdam-Antwerp hub…

01 Mar 2018

DP World, Panama to Strengthen Ties

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem with Panamanian President Juan Carlos Varela during their meeting in Dubai yesterday. Photo DP World

Trade infrastructure development to diversify Panama’s economy and DP World’s international experience in over 40 countries were at the centre of discussions held in Dubai yesterday between the global trade enabler’s Group Chairman and CEO Sultan Ahmed Bin Sulayem and Panamanian President Juan Carlos Varela. As part of his visit, Mr. Varela was taken on a tour of DP World’s flagship Jebel Ali Port and Free Zone, including Terminal 3, which is among the world’s most productive and technologically advanced…

30 Jan 2018

Mexico's Oil Reform a Boon for Hard-hit Oil Service, Seismic Firms

© flyingrussian / Adobe Stock

Oil service and mapping firms still emerging from an industry recession have received a boost from about $800 million of data sales to energy firms considering bidding for Mexican oil and gas blocks. Mexico will on Wednesday hold its most important auction since a 2013 reform ended the 75-year monopoly on the energy sector held by state-run oil firm Pemex. The government of President Enrique Pena Nieto hopes the deepwater sale will attract tens of billions of dollars of investment to turnaround a slump in the country's oil output. Seven previous auctions drew investment pledges of $61 billion.

08 Jan 2018

DP World to Invest $1bn in Expansion

Photo: DP World

DP World is planning to annually inject up to $1 billion in global investments until 2020, local media quoted company chairman and CEO Sultan Ahmed Bin Sulayem as saying. The expansion at Prince Rupert in Canada opened for business. DP World Limassol in Cyprus opened a new cruise terminal. A series of acquisitions, technology tie-ups and sustainable business achievements all formed part of the activities that saw the global trade enabler expand its business horizons across the world.

08 Dec 2017

Argentina Sticking with Submarine Program despite Disaster

Photo: Archivo Gaceta Marinera

Argentina and other South American countries are likely to maintain or increase their submarine programs despite the scrutiny that has followed the fatal loss of an Argentine sub in South Atlantic waters last month, defense specialists said. The disappearance of the ARA San Juan with 44 crew members aboard has put pressure on Argentine President Mauricio Macri to consider boosting spending for the military, including the country’s two remaining submarines. Military spending sharply decreased after the end of Argentina’s dictatorship in 1983.

19 Dec 2017

New Women in Maritime Network Launched

Photo: International Maritime Organization (IMO)

Central and Latin America celebrated the launch of a new women in the maritime network in Valparaíso, Chile (13-15 December), which joins the International Maritime Organization (IMO)  family of regional Women in Maritime Associations (WIMAs), giving visibility and recognition to the role women play as key resources for the maritime sector. Sixty two women from 18 countries (Argentina, Bolivia, Chile, Columbia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala…

Maritime Reporter Magazine Cover Mar 2019 - Cruise Shipping

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