Europe News

18 Jan 2019

BREXIT: North P&I Gets OK for Dublin Brexit Hub

Paul Jennings (Photo: North P&I)

British ship insurer North has received regulatory approval from Ireland's central bank for a new subsidiary in Dublin to ensure continued access to trade in the European Union in case Britain loses single market access, the firm said on Friday.North, which has its headquarters in the northern England city of Newcastle, is the first specialist Protection and Indemnity (P&I) club to announce regulatory approval for Brexit trading arrangements in the EU. It said a team of senior…

17 Jan 2019

Vietnam Welcomes World's Largest Container Ship

Image: APM Terminals

CMA CGM Marco Polo, the largest container ship in the world, docked at the major international seaport Cai Mep International Terminal (CMIT) in the southern Vietnamese province of Ba Ria-Vung Tau, commencing a new weekly service to transfer cargo directly from Vietnam to Northern Europe.Important guests, including senior government officials will attended the vessel maiden call’s celebrations jointly organised by CMIT and CMA CGM at the Cai Mep terminal in Ba Ria Vung Tau Province.CMIT…

18 Jan 2019

Ineos to Invest $3.4 bln in Antwerp Port

Image:  INEOS

Europe’s largest petrochemicals company Ineos has chosen the Port of Antwerp as the location for a mega-investment of three billion euros ($3.4 billion).The British chemical company's investment will be the biggest in the European chemical industry in two decades.Belgium port will be the location for iIneos' project for an ethane gas cracker and world-scale PDH unit in Europe. The two new factories will employ a total of 500 people.Sir Jim Ratcliffe, CEO and Chairman of Ineos…

18 Jan 2019

LNG REPORT: LNG Bunkering Vessels Rise to Nine, 30 More to Come

Image: SEA\LNG

The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG,  the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, from limited availability at select ports, LNG bunkering has grown to encompass 24 out of the world’s top 25 and all but one of the top ten bunker…

17 Jan 2019

CMA CGM Unifies Containerships and MacAndrews Brands

 Image: MacAndrews

CMA CGM will retain the only Containerships brand for its intra-European operations, giving up MacAndrews, which had already erased OPDR."Containerships: from April 1st, 2019 a single brand resulting from the union of two experts of intra-European transport CMA CGM reinforces its strategy aimed at densifying its regional coverage to the benefit of its clients," said a press release from MacAndrews.According to the French container transportation and shipping company, by joining the forces of two recognized experts of intra-European multimodal transport…

17 Jan 2019

Partners Extend Ocean Alliance to 2027

(Photo courtesy CMA CGM)

Partners in the world’s largest operational agreement between shipping companies have agreed to extend their alliance until 2027.The Ocean Alliance, consisting of CMA CGM Group, COSO SHIPPING, Evergreen and OOCL, was launched in 2017 for an initial period of five years with an option for a five-year renewal.The partners confirmed they will extend to the alliance's full 10-year duration, during a signing ceremony in Hainan, China on Thursday.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group…

18 Jan 2019

Seaway Activity Exceeds 40 Million Tonnes in 2018

The St. Lawrence Seaway Management Corporation (SLSMC) has announced that tonnage on the waterway during the 2018 navigation season totaled 40.9 million tonnes. The highest result since 2007, much of the credit for the increase in tonnage can be given to healthy movements of grain, the best on record since the turn of the century. Marketing efforts under the “Highway H2O” initiative served as a catalyst to spur increased movements of a broad range of cargoes including grain, road salt, stone, cement, gypsum and refined fuels.The 2018 navigation season concluded on December 31st, with the transit of the Cedarglen through the Welland Canal’s Lock 8 ‎at 12:35, heading for Lake Erie. In the Montreal sector, the M.V. Floragracht was the last ship to transit, clearing the St.

17 Jan 2019

SHIPBUILDING: MV Werften Acquires Neptun Ship Design

Image: MV Werften.

The shipyard group MV WERFTEN is acquiring the Rostock-based Neptun Ship Design, Germany’s largest ship design office. Neptun Ship Design in Rostock is being acquired as an independent subsidiary of MV WERFTEN to provide design services for the shipyard group in future. In addition to the group’s own designers at its yards in Wismar, Rostock and Stralsund as well as a designer network throughout Europe, further significant engineering capacities are thus being united under one roof.

16 Jan 2019

Ocean Alliance Unveils Day 3 Product

Pic: CMA CGM

The world’s largest operational agreement between shipping companies Ocean Alliance -CMA CGM, COSCO SHIPPING, Evergreen and OOCL - has announced the launch of their Ocean Alliance Day 3 Product starting April 2019."Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, signs with his partners the launch of Ocean Alliance Day 3 Product, which will start in April 2019," said a press release from the shipping group.On the occasion of this announcement, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group…

15 Jan 2019

Maersk, Avantida Automate Street Turns

Image: Avantida

Avantida said that Maersk Line has started to offer street turn or container triangulation services through its computer platform in the United States and Canada. Avantida is owned by E2Open.Empty container triangulation, or the interchange of an intermodal container outside of a marine terminal or yard (street turns), is a well-known activity in the US. By offering this on Avantida’s online platform, transporter and logistics companies are freed from the administrative hassle of having to request and process street turns manually.Through the automated request process offered by Maersk…

15 Jan 2019

PSA International Terminal Volumes Up by 9%

Pic: PSA International

The Singapore-headquartered global port operator PSA International handled 81.00 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2018.The Group’s volume increased by 9.1% over 2017, with flagship PSA Singapore contributing 36.31 million TEUs (+8.9%) and PSA terminals outside Singapore handling 44.69 million TEUs (+9.3%), it said.PSA participates in around 40 terminals in 16 countries across Asia, Europe and the Americas with flagship operations in PSA Singapore Terminals and PSA Antwerp.Tan Chong Meng…

15 Jan 2019

Shipbuilding: Synergy's New 20,000+ TEU Containership

Captain Rajesh Unni (Photo: Synergy Group)

Synergy Group took delivery of Ever Gifted, an Ultra Large Container Vessel (ULCV) newbuilding built in Japan at Imabari Shipbuilding.Currently under Synergy’s technical management on Evergreen Line’s popular Far East-North Europe and Mediterranean service, the 20,000+ TEU capacity ULCV is one of the largest container ships in service worldwide.Captain Rajesh Unni, CEO and Founder of Singapore-headquartered Synergy Group said: “The Ever Gifted is one of the highest capacity container ships currently in service.

15 Jan 2019

Suez Canal Revenues Plunge in November

file Image: A boxship transits the Suez Canal (CREDIT: AdobeStock / © Andriy Kovach

Egypt's Suez Canal revenues fell to $461.5 million in November, down around 8.8 percent from October's $506.1 million, data from the cabinet's website showed on Tuesday.The canal is the fastest shipping route between Europe and Asia and one of the government's main sources of foreign currency.Reporting by Ahmed Tolba

15 Jan 2019

Offshore Wind Market Expected to Reach $50 bln by 2023

Image: Siemens

The global offshore wind energy market is poised to grow over USD 49.74 billion by 2023 at an estimated CAGR of around 11.12% during the period 2017 to 2023.The growth in this sector can be attributed to the increasing demand for clean and reliable energy in order to reduce the global carbon emissions and to maintain ecological balance by generating electricity through renewable resources, said a report by Market Research Future.However, high initiating capital cost of the projects with high maintenance cost and logistics issues, can hinder the offshore wind market.

15 Jan 2019

CDP, Fincantieri and Snam Join for Innovation of Ports

Photo: CDP

Italian investment bank Cassa Depositi e Prestiti (CDP), the largest shipbuilder in Europe Fincantieri and natural gas transmission company Snam teamed up to innovate port facilities in Italy and develop sustainable technologies for maritime transport.The preliminary collaboration agreement is aimed at identifying, defining and implementing medium-term strategic projects for the innovation and development of port facilities in Italy, as well as for the development of sustainable technologies applied to maritime transport…

15 Jan 2019

Shell Joins Dutch Pension Fund to Bid for Eneco

Pic: Eneco

British-Dutch oil and gas company Royal Dutch Shell and Dutch pension fund manager PGGM are considering a joint bid for Dutch producer and supplier of natural gas Eneco, which is heavily invested in sustainable energy projects and worth an estimated USD 3.4 bln.This consortium is impressed with Eneco’s achievements in transforming the Dutch energy system through investments in sustainability and renewable energy. PGGM and Shell combine the knowledge, ambitions and financial commitment…

14 Jan 2019

Color Line Expands Oslo-Kiel Freight Route

Color Carrier. Photo: Color Line

The Norwegian shipping company Color Line said that its newly purchased ro-ro ship M/S Color Carrier sailed for the first time from Hjortneskaia in Oslo to Kiel in Germany.Color Line can transport approx. 80,000 trailers annually on this stretch. This corresponds to a continuous string of trailers from Oslo to Tromsø in the far north of Norway."This initiative is an important contribution to strengthening the environmentally friendly sea route that represents a collective solution for the transport of goods," said CEO Trond Kleivdal.

14 Jan 2019

Cable Ship Capsizes near Singapore after Tanker Collision

The tanker ANTEA (file image / credit © MarineTraffic.com

An undersea cable and pipe-laying ship, the Vanuatu-flagged MV Star Centurion, capsized in the Indonesian waters of the Singapore Straits after a collision with a tanker on Sunday, with no fatalities, authorities said on Monday.The Singapore Straits are one of the world's busiest shipping zones with hundreds of container ships, oil and fuel tankers and dry bulk carriers daily traversing the waters that connect east Asia to Europe, India and Africa.The collision happened just north of Bintan…

14 Jan 2019

MSC Cruises Begins First Round the World Relay Race at Sea

 Image:  MSC Cruises

The Swiss-based cruise company MSC Cruises  has waved ‘bon voyage’ to MSC Magnifica as the final guests embarked today in Barcelona for the Company’s first world cruise.For many, the idea of seeing the world is just a dream, but a world cruise is an easy way to make this dream a reality, and the only way to circumnavigate the globe without having to unpack a suitcase more than once! On this first world cruise, MSC Cruises guests will visit 49 different destinations, checking off 32 countries from their bucket lists.From the Mediterranean…

11 Jan 2019

Cosco Opens New International Hainan-ASEAN Liner Route

Pics: COSCO Shipping

The New International Land-Sea Trade Corridor (ILSTC) and COSCO Shipping  'Hainan-ASEAN (Singapore)' Liner Route, co-hosted by Hainan Provincial People’s Government and COSCO Shipping, was launched at Hainan Yangpu Xiaochantan Terminal owned by Hainan Harbor & Shipping Holding.Hainan Governor Shen Xiaoming announced the launch of the maiden voyage.The “Hainan-ASEAN (Singapore)” Liner Route opens a direct passage through which goods from China’s western regions can be shipped southward to Singapore via Yangpu Port…

11 Jan 2019

Surface Navy Association to Hold Annual Symposium

Rear Adm. Ronald A. Boxall, director, Surface Warfare, addresses attendees of the Surface Navy Association's 30th National Symposium in 2018. (U.S. Navy photo by Timothy Hale)

The Surface Navy Association will hold its 31st National Symposium January 15-17, 2019 at the Crystal City Hyatt Regency Crystal City Hotel in Arlington, Va.The symposium will feature senior Navy leaders delivering keynote remarks, focused on the theme of “Ready, Agile, Focused: Own the Fight!”Featured speakers include Vice Chief of Naval Operations Adm. Bill Moran; Commander, Naval Surface Forces/Commander, Naval Surface Force, U.S. Pacific Fleet Vice Adm. Richard A. Brown, USN; Director, Surface Warfare (N96) Rear Adm. Ronald A. Boxall; and Director, Expeditionary Warfare (N95) Maj. Gen.

11 Jan 2019

Mergers: Commission to Assess Acquisition of Chantiers de l'Atlantique by Fincantieri

The European Commission has agreed to the request submitted by France and Germany asking it to look at Fincantieri's proposed acquisition of Chantiers de l'Atlantique in the light of the EU Merger Regulation.The Commission considers that the transaction could harm competition at European and global level.The proposed acquisition of Chantiers de l'Atlantique by Fincantieri does not reach the turnover thresholds set by the EU Merger Regulation for transactions notifiable to the European Commission because of their European dimension. However, the plan was notified for authorisation in France and Germany.France submitted a referral request pursuant to Article 22(1) of the EU Merger Regulation.

11 Jan 2019

Sea States: Documentary on the Shipping Industry to debut in Spring 2019

Sea States, a new documentary film on the importance of the shipping industry is currently under production by Third Wave Films. Endorsed by the Connecticut Maritime Association, and the Marine Industry Foundation, the film is being funded by key stakeholders in the maritime community.Sea States will show how shipping is the life blood of our global economy. Despite the fact 90% of all consumables arrive by ship, the public remains unaware of the value of this hidden, yet massive industry.

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