World Bank: China's BRI Needs Transparency
China's global Belt and Road Initiative (BRI) could boost economies and reduce poverty rates in dozens of developing countries, but it must be accompanied by increased transparency, said World Bank.A new World Bank Group study on the BRI transportation corridors said that improvement in risks environmental damage, debt and corruption should be made.BRI is an ambitious programme to connect Asia with Africa and Europe via land and maritime networks along six corridors with the aim of improving regional integration…
Wight Shipyard Breaks Into Offshore Wind
A UK shipbuilder known for building high-speed ferries aims to enter the offshore wind market with a new line of wind farm support vessels (WFSV).Wight Shipyard Co (WSC) said its Vortisea brand of vessels, designed in collaboration with Australian naval architect Incat Crowther, is specifically geared toward European and UK wind farms, particularly those further offshore.“It’s fitting that being so well established in the fast ferry sector we have chosen to enter the WFSV market. There is still a niche to be filled.
Prysmian Bags Dolwin5 Cabling
Italian multinational corporation Prysmian Group has been awarded a major grid connection project worth in region of EUR 140 million by the Dutch-German grid operator TenneT which will enable the connection of multiple offshore wind farms to the German grid.“The Dolwin5 project continues our valued long relationship with the major TSO TenneT and demonstrates our ability to provide tailor-made submarine cable solutions for challenging projects, providing the offshore infrastructure needed to support the growth of clean energy in Northern Europe.” stated Hakan Ozmen…
Kalmar Intros Electric Reachstacker
Kalmar, a part of Cargotec Corporation, forges ahead on its electrification journey with maritime industry's first fully electric reachstacker for the global logistics provider Cabooter Group."Kalmar is another step closer to having an electric version of every product in its portfolio by 2021 with the announcement of an agreement with Cabooter Group, who will be the first customer to take a fully electric version of the Kalmar Reachstacker into use in 2021," said a press release from the provider of cargo-handling solutions and services to ports.Since its founding in 1995…
Concern Over Trade Wars Impacts Shipping Confidence
Confidence in the shipping industry has fallen marginally over the past three months, largely as a result of ongoing concern over trade wars and increased regulation, according to the latest Shipping Confidence Survey from leading shipping adviser and accountant BDO.The average confidence level in the three months to May 2019 was 6.1 out of a possible maximum of 10.0. This is slightly down on the figure of 6.2 recorded in February 2019.Confidence was up in Asia, from 5.8 to 6.0, and in North America, from 5.6 to 6.4.
LiUP Crane Driver Elevator for Mobile Harbor Cranes
Liebherr Maritime presents its new LiUP crane driver elevator for mobile harbour cranes at this year’s terminal operator trade fair, TOC Europe. The in-house developed lift has an innovative drive technology and is powered by an electric motor with lithium-ion battery and energy recovery function.The inhouse developed Liebherr crane driver elevator LiUP is designed to transport the operator in a save and efficient way to his workplace. The LiUP saves the drivers energy and time compared to climbing up several stairs.
Haugen Joins Pacific Green Exec Team
Pacific Green Technologies Inc. (PGTK), owner of the ENVI-Marine and ENVI-Clean Exhaust Gas Scrubbing Systems, appointed Atle Haugen as Sales Director, Marine Direct Sales.Haugen joins from the international exhaust gas scrubbing business, Clean Marine AS, where for the last six years he led sales in the Americas and Europe.Along with PGTK’s new Vice President, Marine Direct Sales, Frode Helland-Evebo, Haugen was responsible for fast sales growth and helping to establish Clean Marine as one of the world’s largest scrubber manufacturers. Haugen joined Clean Marine from Wärsilä’s Hamworthy division as a Process/Project Engineer where he was involved in R&D and project related work within the marine exhaust gas scrubbing branch and graduated from Norway’s Telemark University College in 2011…
Paskov Terminal Completes Stage III Expansion
Advanced World Transport (AWT), a member of the PKP CARGO Group, the largest rail freight carrier in Poland and a leading rail freight carrier in the European Union, has completed stage III of The Paskov Terminal modernization in the Czech Republic.A modern intermodal transshipment point in Paskov of 70,000 m2, with the capacity of 4,800 TEU and rail tracks of 3x 270 m and 2x 375 m is situated close to industrial zones and borders with Poland and Slovakia. In the Paskov Terminal AWT offers its customers comprehensive services associated with intermodal transshipment of goods.Strategic position in the heart of Europe allows for easy and fast connection to important European ports and terminals. It is situated close to the highway and it is connected to the national railway network.
MSC to Boost Costa Rican's Export
Swiss-based shipping line MSC Mediterranean Shipping Company is improving trade links between Costa Rica and northern Europe by adding a new direct call from the Port of Moin.The container shipping that operates in all major ports of the world said in a press release that MSC Katya R. has become the largest vessel to call Moin Terminal in Costa Rica, launching a new era in cargo shipping for the port and for exporters using its facilities.MSC’s service will bring larger container…
Kalmar to Deliver Forklift to Antwerp
The provider of lifting solutions, Kalmar has been awarded a contract to supply Antwerp Euroterminal NV (AET) with six Kalmar forklifts of varying specifications, including one fully electric model.The order, which also includes a Kalmar Complete Care service contract covering all the machines, was booked in Cargotec's 2019 Q2 order intake with delivery scheduled to be completed during Q4 2019.AET, is the largest multipurpose terminal in Europe and home to vessels of the Grimaldi Group.
Analysis: Strait of Hormuz and the Risk of Escalation
The Strait of Hormuz, the narrow shipping lane between Iran and Oman named after the fabulously wealthy ancient kingdom of Ormus, has fascinated oil traders since the Iranian revolution in 1979. Iran has periodically threatened to close the strait to enemy shipping, while the United States and its allies have pledged to keep it open and maintain freedom of navigation, by force if necessary.The strait has become a symbolic flashpoint in the region-wide confrontation and indirect…
Defense Show Set for Denmark in September
Major naval and maritime exhibition set for Copenhagen Sept. 3-6, 2019; MAST NOCO 2019 will be the biggest military conference in Denmark everThe maritime world will meet at MAST NOCO 2019 in Copenhagen September 3-6, 2019. MAST, which stands for Maritime Systems and Technologies, encompasses a series of global conference and exhibitions. The year’s MAST NOCO 2019, which takes place at the same time as the Northern Coasts (NOCO) 2019 multinational naval exercises, will be the biggest military equipment exhibition and conference ever held in Denmark.
Maritime, Measles & Quarantine
Measles is a highly contagious infectious disease. It is so contagious that 90% of non-immune persons will become infected if an infected person is in the immediate vacinity. It is an airborne disease spread through coughs, sneezes, and contact with saliva or nasal secretions. The virus can live for up to two hours in infected airspace or on infected surfaces. Individuals are infectious from four days before symptoms appear until four days after the patient is symptom-free. Symptoms include fever, cough, runny nose, inflamed eyes, and a red, flat rash.
Kadow tapped to head AGCS Marine
Allianz Global Corporate & Specialty SE (AGCS) said that, effective July 1, 2019, Ulrich Kadow will be appointed as AGCS Global Head of Marine. Currently Chief Agent of AGCS Canada, Kadow will take over from current Global Head of Marine and Energy Simon Buxton, who is leaving Allianz. Until a successor in Canada is confirmed, Kadow will maintain a dual leadership role for both the country and Marine Line of Business responsibilities.Kadow has led AGCS’ Canadian business since May 2015, after originally joining AGCS in 2006.
COFCO in Talks to Buy Stake in Russian Port Grain Terminal
Top Chinese grain trader COFCO is in talks about buying a shareholding in a grain export terminal in the Russian port of Novorossiysk as part of its expansion in Europe, sources said on Friday.COFCO is understood to be in talks about buying a shareholding of about 25% in the KSK deep water grain terminal in Novorossiysk, three sources said.Talks are being held with the terminal owner, Russian company Deloports Ltd. Deloports declined comment.The COFCO group in China was unavailable for immediate comment.
French, Italian Shipbuilders Forge Naval Alliance
France and Italy forged a military shipbuilding alliance on Friday, as state-controlled Naval Group and Fincantieri signed off on a 50-50 joint venture that will bid for Franco-Italian warship projects and sell to the world market.The alliance reflects the two countries' desire to fend off competition in naval shipbuilding from the likes of China, the United States and Russia.It is targeting orders worth up to 5 billion euros ($5.63 billion) over the next decade. Naval Group said the joint venture aims to build 10-15 warships in that period…
Maersk Explores Arctic Shipping Route with Russia
Shipping group A.P. Moller-Maersk said on Friday it is in talks with Russia's state-owned icebreaker operator to send more goods via the Arctic, which is becoming more accessible as climate change reduces the sea ice.Russia has made developing the so-called northern sea route (NSR) - which requires new ports and heavy icebreakers to move goods - a priority, with supporters dubbing the route the northern Suez Canal.Last summer, Maersk carried out what it said was a one-off trial…
Jotun Signs Agreement with HHI
Norwegian paints and coatings company Jotun Group announced that it signed a memorandum of understanding with the world’s largest shipyards for a new type of marine paint that reduces solvent emissions by up to 90 percent.A memorandum of understanding has been signed with Korean Hyundai Heavy Industries (HHI). This is the starting point of a closer cooperation and the use of a new, innovative solvent-free primer.The signing took place between Jotun's chairman Odd Gleditch (Jr). and HHI's Chief Executive Ka Sam-Hyun during the South Korean President's state visit to Norway in June.
EuroAsia Still on PCI List
The EuroAsia Interconnector, the Israel-Cyprus-Greece electricity link remains on the official list of European projects of common interest (PCI) making it eligible to receive some €300 mln in EU grants for the Crete-Attica sector of the cable.The EuroAsia Interconnector remains committed to the timely implementation of the project, as submitted to the European Commission, with the Crete-Attica interconnector commissioned in June 2022 and the Crete-Cyprus Interconnector in December 2023…
Honda to Deploy Barges for Transport
Honda Motor Europe Logistics in Ghent intends to deploy barges for the transport of its parts and final products. Honda began transporting containers from the port of Antwerp to North Sea Port via inland shipping.By doing so, the car manufacturer is investing in ‘green’ transport. North Sea Port encourages businesses to invest in sustainability wherever possible. The modal shift – a focus on less transport by road and more transport via inland shipping, rail or pipelines – is a vital aspect of these efforts.At least 1…
Fleet Growth to Outstrip Demand: BIMCO
Fleet growth expected to outstrip demand growth in 2019 and 2020, making the near future look unappealing, says BIMCO.In the first four months of 2019, yards delivered 10m DWT of newbuilt dry bulk shipping capacity. The demolition of 3.9m DWT limited the immediate negative impact, but even a fleet growth of 0.7% harms the market, as cargo demand is seasonally low.Capesize accounted for 87% of the demolished capacity pushed out of the market, as freight rates fell and the outlook turned bleaker.Because of this unexpectedly dramatic start to the year…
European Debut of Norwegian Pearl
Norwegian Cruise Line (NCL), the third-largest cruise line in the world, controlling approximately 8.7% of the total worldwide share of the cruise market by passengers, celebrated its first season of cruises from the Netherlands, Amsterdam with the European debut of Norwegian Pearl.The international cruise liner said that with this maiden call it is growing the brand’s presence to six ships in the region for the first time.On Saturday, 8 June, Norwegian Pearl’s Captain, Paul von Knorring…
HST Orders Fourth Damen Fast Crew Supplier
High Speed Transfers (HST), a recent new entry into the crew transfer sector, has placed its fourth order for a Damen next-generation Fast Crew Supplier (FCS) 2710, to be named HST Euan.The order for is the result of a long-term contract won from a client operating out of Belgium.The FCS 2710 has replaced the Damen's FCS 2610, retaining the twin, axe bow hull design but being both one meter longer and higher. The all-new interior allows it to carry twice the number of passengers (26) as its predecessor and enables it to deliver more flexibility…