Russia Ramps up Fuel Exports in Fight for European Market
Russia plans to sharply increase fuel exports and carve out a larger share of the European market following an extensive $55 billion modernisation of its refineries, companies' plans and analysts' reports show. Russia embarked on a modernisation of its biggest refineries in 2011 following a fuel shortage crisis. It also changed its tax system to favour production of cleaner and higher-quality fuel. The modernisation, which has not been completed yet, led to a surge in output of light products and exports, which has hurt European refineries' margins.
Germany: EU Should Present United Response to U.S. Tariffs
Germany's transatlantic coordinator told a group of newspapers that the European Union should take a common line in responding to proposed U.S. steel and aluminum tariffs. After visiting Washington, Juergen Hardt - a member of Chancellor Angela Merkel's Christian Democrats - told the RND group of newspapers that an escalation of the conflict with the United States was not in Europe's interests and Europe would stick to a "rule-based world order". He added: "It's important that the European Union does not let itself become divided." Reporting by Michelle Martin
BAE Systems Names Wolstenholme MD in the UK
Andrew Wolstenholme OBE will join BAE Systems plc from May 24, 2018, in a newly-created role on the Executive Committee as Group Managing Director, Maritime and Land UK. Wolstenholme will be responsible for BAE Systems’ Maritime and Land UK sectors and will report directly to Chief Executive, Charles Woodburn. Wolstenholme joins BAE Systems from Crossrail Ltd., where he led Europe's largest infrastructure project for the last seven years. He has extensive experience in business leadership and delivering major engineering projects in the U.K., Asia and North America, including the delivery of Heathrow Airport's Terminal 5.
CMV Group Buys Vessel from P&O Cruises
The CMV Travel & Leisure Group said it has acquired the vessel Pacific Eden from P&O Cruises Australia. Pacific Eden’s new name will be announced on Tuesday, March 20 and the vessel will join CMV’s expanding fleet with delivery in Singapore in early April 2019 followed by a short docking period to include livery change, re-brand and some preparatory works before she positions westbound to Northern Europe via the Suez on her inaugural voyage. The ship’s final voyage for P&O will depart on March 16, 2019.
EU to Publish Preliminary 2017 Emissions Data
The European Commission will release preliminary 2017 carbon emissions data from energy-intensive companies in Europe on April 3, it said on its website. The data is closely watched by the carbon market and can affect carbon prices in the EU's Emissions Trading System (ETS). It will also, for the first time, be used to calculate the total number of carbon permits in circulation to work out how many should be placed in a Market Stability Reserve - a short-term measure to beef up prices starting in 2019.
MSC Improves Cargo Transit Between Seville and the Atlantic
MSC Mediterranean Shipping Company, a global leader in transportation and logistics, is pleased to announce the launch of a new freight rail service between Seville, Spain, and the Atlantic, beginning 4 April 2018. The service is expected to run daily between Seville’s inland maritime port – Puerto de Sevilla – and the major coastal port hub of Sines, Portugal, with a capacity of more than 100 TEU (twenty-foot equivalent unit) per return journey. Shippers will have the possibility to obtain customs clearance for cargo at Seville’s inland maritime port…
Maersk to Raise Freight Rates from Asia to Europe
The world's biggest container shipping company Maersk Line, a unit of A.P. Moller-Maersk , said it plans to raise freight rates on routes from Asia to northern Europe by $400 per 20-foot container (TEU). The new rates will take effect from Sep. 1, the company said in a newsletter to shippers on Tuesday. Higher rates on the busiest freight routes between Asia and northern Europe would help companies, which have been struggling with overcapacity as a result of a weak global economy. Only a handful of container shipping companies posted profits last year.
Hyundai Merchant Marine Starts Independent Asia-North Europe Service
South Korea's Hyundai Merchant Marine (HMM) announced that it launches new Asia-North Europe Express (AEX) service in April. HMM opens a new Asia-North Europe loop in accordance with the increased demand for Express Service. AEX is an independent service operated by HMM outside of the strategic cooperation with 2M. In the meantime, HMM has utilized 2M’s vessel space in Europe trade. Last year, HMM’s handling volume dramatically increased to 4.03 million teu, up more than 30% y.o.y mainly in Asia, US and Europe trades.
LNG Cargo from US Plant does U-turn for UK
The first liquefied natural gas (LNG) cargo exported from a new plant in the United States at Cove Point will arrive in Britain later this month as Asian spot LNG prices weaken relative to European benchmarks. The Gemmata tanker is expected to arrive at the UK's Dragon terminal on March 20, according to the local port authority at Milford Haven. As Asian spot LNG prices weakened, the tanker performed a U-turn in the middle of the Atlantic this week away from Asia and towards Europe, shipping data shows.
NSSLGlobal Adds New Satellite Beams
The additional beams will improve NSSLGlobal’s coverage of Europe and the Far East. NSSLGlobal, an independent service provider of satellite communications, has added two new satellite beams to improve the quality and geographical reach of its global VSAT network. The additional beams will provide customers in the Nordics, Europe, North Africa, the Middle East and Far East with better coverage at sea and on land. The Telenor Thor 6 Nordic beam, positioned 1° West, is a new addition…
CMA CGM Upgrades Indian Sub-continent and Europe Services
The CMA CGM Group, a world leader in maritime transport, is pleased to announce it is reinforcing its offer, starting 2 April 2018, from Indian Sub-Continent, in a partnership with HLC, MSC, COSCO and ONE. With 2 weekly and complementary services, this new offer will provide expanded port coverage and will also reduce transit times and improve schedule reliability of existing services. With this unique offer, CMA CGM pursues its ambition to strengthen its service to the Indian Sub-Continent market.
Capacity Culls Insufficient to Reverse Rate Slump: Alphaliner
The idle containership fleet has reached its highest level in five years, with over 1 Mteu of vessel capacity currently unemployed. Carriers are removing capacity on most main tradelanes in response to weak market demand, with the Asia to Europe route witnessing some of the most drastic cuts. Of the 21 strings operated by the four main carrier alliances in the Far East to North Europe trade, two have been withdrawn by the ‘Ocean 3’ and 2M partnerships. The G6 and CKYHE meanwhile…
Baltic Cruise Boom Boosts Chances for Port Cities
Good opportunities for local port cities are up for grabs as a cruise shipping boom sweeps the Baltic. Both Rostock and Kiel are already profiting from it. Between them they are expecting 1.3 million cruise ship visitors during this year’s season – an increase of 12.5% over last year. The managing directors of Germany’s two leading Baltic passenger ports, Rostock and Kiel, addressed the issue during a news conference at the ITB, the world’s leading travel trade fair in Berlin. The Managing director of the Port of Rostock (Rostock Port GmbH) Jens A.
McClier-Frederic R. Harris To Create Major Hub On Suez Canal
The McClier-Frederic R. Harris architecture, engineering, construction and consulting team has been selected to create a trade port and industrial city at Port Said East, located at the Mediterranean tip of the Suez Canal. The project, which is valued at more than $1 billion, will facilitate the global movement of products between Asia and Europe, as well as contribute to the long-term economic prosperity of Egypt by improving the country's ability to manufacture and export goods to countries throughout the Mediterranean, Europe and the United States. As a multi-modal hub, Port Said East will integrate air, rail, water, and road transportation to create a logistical center that will benefit global manufacturing companies, international transportation companies and the region.
Unwanted Diesel, Jet Ships Could Sink Oil Prices
Backlog of vessels at port threaten loading delays; ships with half a million tonnes taking the long route to Europe. Unwanted diesel and jet fuel cargoes are backing up outside Europe's ports and taking longer, slower routes around the southern tip of Africa, traders say. A symptom of the world's excess of oil, it also paints a gloomy picture of the chance of an oil price rebound. The abundance of crude that roiled commodity markets and turned the balance sheets of oil majors on their head also encouraged under-pressure European oil refineries to run at full clip. Refineries from Rotterdam to India to Louisiana, drunk on cheap crude, ran regardless of whether the world wanted what they were making. Meteoric demand growth earlier this year for products such as gasoline masked the surplus.
Hamburg Welcomes Its Largest Ever Box Ship
The largest ever containership to call at the port on the Elbe berthed in Hamburg early on Thursday morning, March 15. The oceangoing giant CMA CGM Antoine de Saint Exupery made its maiden call at the Port of Hamburg's HHLA Container Terminal Burchardkai (CTB) where it will discharge approximately 7,000 TEU and load 4,000. The 400-meter-long CMA CGM Antoine de Saint Exupery, delivered to French owner CMA CGM earlier this year, has a capacity of 20,776 TEU. End-to-end, those containers would cover a distance of over 125 kilometers.
North Rhine-Westphalia, Port Authority Make Start on Port Agreement
The state of North Rhine-Westphalia (NRW) and the Port of Rotterdam Authority will be working together to further optimise logistics connections between Europe’s largest port and the German hinterland. During his working visit to Rotterdam today, NRW Traffic Minister Hendrik Wüst officially launched the two parties’ talks regarding a port agreement. Prime Minister Armin Laschet of North Rhine-Westphalia had already gained a good impression of the port of Rotterdam and its relationship with the German federated state in September 2017 – on what was actually his first official foreign visit.
CMA CGM BIANCA, Largest Ship to Call in Cameroon (Kribi)
The CMA CGM Group, a leader in maritime transport, announced the start of its commercial operations at the Kribi Container Terminal. On this occasion, the CMA CGM BIANCA, 8721 TEUs and 335 meters long, became the largest container ship to call in Cameroon on 2 March 2018. The CMA CGM Group is deploying four new weekly direct services in Kribi to northern Europe, the Mediterranean and Asia. West Feeder Service, connecting Kribi, Port Gentil, Boma, Matadi and Libreville. Thanks to its strategic positioning, the Kribi hub will also significantly reduce transit times.
CMA CGM Revises Swahili Express Service
CMA CGM informs that its Swahili Express service operated between India/Middle East and East Africa changes. The new service rotation works out to shorter voyage duration: 28 days with 4 vessels up to 3,400 TEU nominal capacity. Its Djibouti Northbound call is cancelled: last vessel is m/v NORO voy. 2322SN, expected at Djibouti berth on March 10th, 2018. Kenyan export cargo to Northern Europe, the Mediterranean and the USA is routed via Colombo (Sri Lanka) with reliable transit times.
Migrant Influx Puts Greek Port on Edge
The migrants bolted across a street and clambered over a fence into the Greek port at Patras, scouting around for trucks to stow away in. Dozens at a time scaled a 2-km stretch of fence one afternoon last week, playing cat-and-mouse with police officers who pushed them back only for the men to try again hours later. They are part of a growing number of migrants in Greece trying daily to smuggle themselves onto ferries at Patras to get to Italy. It's a dangerous passage but it has become more appealing since the closure in 2016 of the overland Balkan route to northern Europe.
Transinsular Announces Cape Verde, Inter-Islands Trade Routes
Transinsular announced the 'Lince Class', the fastest maritime connection with Cape Verde from Portugal (Leixões / Lisbon) and the Canary Islands (Las Palmas). And therefore, the most competitive solution for exporting products from Portugal, Spain, Northern Europe and the Mediterranean. At the same time, and as a complement to the 'Lince Class', the ETE Group will offer inter-island ‘ATOBÁ’ cabotage services, on the way from Praia, Mindelo, Sal and Boavista, connecting these ports to the African proximity markets such as Guinea-Bissau and Mauritania.
STX Group’s Plan to Sell 20% Stake in STX OSV
In response to the various media articles relating to the STX Group’s plan to sell a 20 percent stake in STX OSV Holdings Limited ("STX OSV"), the Board of STX OSV understands after clarification with STX Europe Holding AS (“STX Europe”), that STX Europe is continually exploring opportunities in relation to any strategic option of its interests in its subsidiaries including, STX OSV. The Board of STX OSV further notes that STX Europe is subject to and understands that STX Europe will comply with a lock-up period for its interest in STX OSV which ends 12 months from 12 November 2010…
APL Strengthens Asia-Europe Service Network
APL today announced the launch of a new weekly service - the India Pakistan Europe (IPE) Service, directly connecting the key South Asian markets of India and Pakistan to major ports in Europe. The new IPE service builds on APL’s strong market presence and local expertise in India and Pakistan to enhance its Asia-Europe service offerings. “Europe is a premier trading partner and a major export market of South Asian countries. It is opportune that we expand our service coverage in Asia-Europe through the new IPE service, directly linking the major economies of India and Pakistan to Europe.