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Friday, March 23, 2018

International Trade Center News

Registration Opens November 1st for CBP Trade Symposium

U.S. Customs and Border Protection will hold its annual trade symposium on December 13-15 at the Ronald Reagan Building and International Trade Center in Washington DC. Registration will open on Wednesday, November 1. The registration fee is $250. Registration must be made on-line at CBP website and must be confirmed with payment by credit card only. The theme for the trade symposium is "The World of Trade – 5 Years After 9/11." The symposium will open with an evening reception on December 13, followed by a day and half of events that include a luncheon, panel discussions on CBP’s international trade security and facilitation initiatives, and open forum with senior management.

Port Everglades Hosts Columbian Delegation

Columbia Trade Meeting at Port Everglades: Photo credit Port Everglades

On the heels of the announcement that the Free Trade Agreement with Colombia will go into effect in May, Port Everglades and  the Fort Lauderdale-Hollywood International Airport hosted a delegation of public officials from Colombia to discuss international trade and visit Broward County's seaport. Port Everglades is the top seaport in Florida for trade with Colombia, which totaled more than $1 billion in FY 2011, representing 54 percent of Colombian trade through all of Florida's seaports last year.

Trade Wars Clearly Bad for Global Shipping - BIMCO

© sergeevspb / Adobe Stock

On March 1, 2018, President Trump pushed through a metals tariff plan that puts 25 percent tariff on imports of steel and a 10 percent tariff on imports of aluminium. They are set to enter into force on March 23, 2018. The Trump administration seems positive towards protectionism and that picture became clear when the pro-trade U.S. President Donald Trump’s chief economic adviser Gary Cohn resigned on March 6 because of the tariffs imposed on steel and aluminium. Although the tariffs on steel and aluminium are expected to have a limited impact on most international bulk trades…

Globe Wireless Opens Hong Kong, Hamburg Offices

Globe Wireless, a provider of maritime communications solutions, has opened new Sales and Customer Support offices in Hong Kong, SAR and Hamburg, Germany. The new offices significantly enhance Globe Wireless' ability to serve the expanding Asian and European maritime communications markets. "Hong Kong, as an international trading center and a focus for Asian shipping, is a natural location for Globe Wireless to increase business activities. The region's rebounding economy has once again created a huge demand on Hong Kong's port facilities and reinforced its role as a gateway for world trade," remarked Rob Lockett, Vice President of Sales, Asia.

MMA Training Cruise Scheduled for May

ports-of-call. 4, for a week of preparation. Under the command of Capt. Tenerife; Antwerp, Belgium; and Halifax, Nova Scotia, Canada. 51 officers and crew aboard. According to Capt. P.J. occasion. for Antwerp, Belgium. reception scheduled for Halifax, Nova Scotia, Canada. Baldacci. public for tours while in foreign or domestic ports. sailing are no longer possible. June 27-29. departure from Castine. dock at 2 p.m. Thursday, July 3.

Crowley Maritime Tops Eco-Achievement Awards List

Award Presentation: Photo credit Crowley

Crowley honored with more CSA 2012 Environmental Achievement Awards than any other maritime company. Crowley Maritime Corporation was recently honored by the Chamber of Shipping of America (CSA) with 96 environmental achievement awards for safe vessel operations during 2012, more than any of the other 76 maritime companies recognized by CSA. The vessels owned and/or operated by Crowley businesses qualified for the awards by operating for at least two consecutive years without…

In Memoriam of Gurrad of MOL

John A. Gurrad, MOL (America) Inc.’s former Vice President for Business Planning and e-Commerce, passed away on Wednesday, June 2, 2010. Gurrad’s 37-year career in the shipping industry included 10 years at MOL as vice president in Concord, Calif. He joined MOL in August of 1998 and retired in October 2008. Gurrad was 68. Gurrad was a valued and highly respected member of the MOL Team, and directed MOL’s business planning activities, advertising and marketing communications, and business process management. Under his guidance, MOL received numerous industry awards for marketing and advertising excellence. Prior to joining MOL, Gurrad spent 19 years with APL (1979-1998) in Oakland, California, eventually serving as Assistant to the Chairman of the Board (1995-1998).

European Shipowners on US Steel, Aluminium Tariffs

Martin Dorsman, Secretary General. Photo: ECSA

European shipowners disagree with the US President Trump's decision to impose additional duties on imports of certain steel and aluminium products into the United States. “This protectionist decision of imposing 25% import duties on steel and 10% on aluminium will obviously have a negative impact on transatlantic relations and on global markets”, said Martin Dorsman, ECSA’s Secretary General. “The European Shipping Community is concerned with this development and the potential of full-scale trade war.

International Shipping Summit in Istanbul Focus on Future

Photo: International Maritime Organization (IMO)

Sustainable use of the oceans, maritime trade, and the digital revolution were some of the issues addressed by International Maritime Organization (IMO)  Secretary-General Kitack Lim at the International Shipping Summit in Istanbul, Turkey (17 March). In his opening address to maritime industry and government representatives from around the world, Secretary-General Lim spoke about how IMO, in its leadership role as the global regulator of shipping, is and will be addressing a number of challenges facing the shipping industry.

Hardy Takes Over as Vitol CEO

Ian Taylor, who helped build Vitol into the world's biggest oil trader, will step down as chief executive and continue as chairman, the company said on Friday, naming a long-time ally and insider, Russell Hardy, as the new group CEO. Taylor said two years ago he was battling cancer although he continued to travel the world, chasing deals from Africa to the United States and Australia while also working as chairman of the board of trustees for London's Royal Opera House. Hardy, who started his career at BP and traded fuel oil, was long seen as one of two front-runners to succeed Taylor alongside another Vitol veteran Chris Bake. Vitol said in a statement that Hardy joined the firm in 1993 and held a number of trading and management roles in Singapore and London.

British Ports Association Calls for ‘Frictionless’ Brexit

Photo: British Ports Association

The British Ports Association has published a new strategic report - ‘A Brexit Dividend’, which calls on the UK Government to deliver on the Prime Minister’s pledge of ‘frictionless’ trade after Brexit. Following Monday's (March 19) agreement between UK and EU negotiators on the terms of a transition deal and ahead of the EU Council meeting later this week, the British Ports Association has published ‘A Brexit Dividend’. Ports are calling for a pragmatic deal with the EU on both…

Port of Oakland Targets 2.6 mln 20-foot Containers by 2022

Pic: Port of Oakland

The Port of Oakland released a new 5-year strategic plan today that pairs business expansion with community benefits. Called “Growth with Care,” the plan envisions more jobs and economic stimulus as the Port grows. According to the strategic plan, Oakland cargo volume should reach 2.6 million 20-foot containers by 2022. The Port’s Oakland International Airport is expected to serve 14-to-15 million passengers annually by then. Both would be all-time highs for Oakland. Growing business volume should lead to more hiring, the Port said.

Crowley Vessels Win Environmental Awards

Accepting the awards on behalf of Crowley were Golonka; John Bohn, captain at Crowley’s Marine Transport Lines; Wendy MacDonald, vice president, technical management; Keith Montpas, chief engineer, petroleum services; Jay Debruhl, port captain, petroleum services; Jack Andrews, technical management, and Jarrett Flynn, captain, marine services.

101 Crowley Vessels Honored with Environmental Awards in Recognition of 984 Combined Years of Safe Operations. More than 100 Crowley Maritime Corporation-owned and -operated vessels were honored with Certificates of Environmental Achievement for years of safe operations during the recent 12th-annual Chamber of Shipping of America (CSA) awards ceremony, held at the Ronald Reagan Building and International Trade Center in Washington D.C. Each of Crowley’s honored vessels received the certificates for having worked at least two consecutive years without an environmental incident.

Shanghai 6th Best Shipping Center Globally

Photo: Xinhua

Shanghai has moved up the rankings of the world’s top shipping centers to sixth place, surpassing Dubai thanks to Free Trade Zone regulations and the Belt and Road Initiative, according to a report and index looking at the importance of the world’s key shipping centers. The Xinhua-Baltic Exchange International Shipping Centers Index 2015 was jointly published Friday by Xinhua News Agency and the London-based Baltic Exchange, an independent provider of ocean freight index. The…

Port Launches World Trade Partnership on National Maritime Day

Trade partners in Ventura County joined forces at the Port of Hueneme to kick off a program celebrating World Trade Month. The Port timely hosted this event on National Maritime Day. Participating were representatives from the U.S. Department of Commerce, the U.S. Foreign Commercial Service, the District Export Council of Southern California, the Economic Development Collaborative of Ventura County and the Small Business Development Center the announce a robust partnership under the World Trade Center of Oxnard. The launch of this partnership promises to build strategic networks with the business community and economic development teams to create new avenues for businesses to tap international markets.

Innovation Key for Pacific Northwest Exporters

The Pacific Northwest region of the United States – home to major Puget Sound container ports in Tacoma and Seattle – is expanding its worldwide exports. According to the Washington Council on International Trade (WCIT), one-third of the Washington state's economic activity, one-third of its agricultural product and one in three jobs depends on international trade. And on a per capita basis, Washington is now the most trade-dependent state in the United States. "When you take our total two-way trade volume – more than $110 billion annually – and divide by our population of roughly 6.3 million Washingtonians, you get an annual two-way trade volume of more than $17,000 per person," WCIT President Bill Center said in a recent speech to the National Lieutenant Governors' Association.

NATO and IMB Increase Cooperation to Counter Piracy

Captain Pottengal Mukundan, Director of the International Maritime Bureau (IMB) was invited to MC Northwood to meet with the staff of the NATO Shipping Center to maintain and strengthen the dialogue between the two organizations which work to provide the maritime community with the best information products possible to avoid piracy. The IMB is based in London and is a specialized division within the Commercial Crimes Services of the International Chamber of Commerce (ICC). IMB's primary mission is to protect the integrity of international trade by seeking out fraud and malpractice. One of the IMB's principal areas of expertise is in the suppression of piracy.

Consortium: Blockchain Solution to Improve Ocean Shipping

Blockchain is a new type of distributed database system that maintains and records data in a way that allows multiple stakeholders to confidently and securely share access to the same information. Image Accenture

A consortium comprising AB InBev, Accenture, APL, Kuehne + Nagel and a European customs organization has successfully tested a blockchain solution that can eliminate the need for printed shipping documents and save the freight and logistics industry hundreds of millions of dollars annually. The consortium tested a solution where documents are no longer exchanged physically or digitally but instead, the relevant data is shared and distributed using blockchain technology under single ownership principles determined by the type of information.

3 Rescued Off Port of St. Lucie

The Coast Guard rescued three people aboard a disabled boat approximately 12 miles east of Port of St. Lucie, Sunday. At approximately, 5 a.m., the crew of the tug McAllister Sister notified Coast Guard Sector Miami watchstanders of a red meteor flare from a 23-foot center console. The watchstanders directed the launch of a Coast Guard Station Fort Pierce 45-foot Response Boat—Medium crew to assist The Coast Guard boatcrew arrived on scene and towed the center console to the Smithsonian Marine Station.

PSA International Profit Jumps by 5.1% for 2017

Fock Siew Wah, Group Chairman, PSA International. Photo: PSA International

Port and terminal operator PSA International posted a 5.1 per cent jump in net profit to S$1.23 billion for the year ended 31 December 2017 on higher revenue and container throughput at its terminals worldwide. The Group’s terminals saw a 9.8% year on year increase in box volumes handled to 74.2m teu. PSA’s flagship Singapore Terminals contributed 33.35 million TEUs, increasing 9.0% over 2016. PSA terminals outside Singapore delivered a total throughput of 40.89 million TEUs, increasing 10.4% over 2016. PSA Group revenue rose 7.8% and profit from operations grew 5.0% compared to previous year.

USCG offloads 36,000 lbs cocaine in San Diego

The crew of the Coast Guard Cutter Bertholf offloads more than 36,000 pounds of suspected contraband at B Street Pier, San Diego, March 20, 2018.  Photo USCG

The Coast Guard offloaded approximately 36,000 pounds of cocaine Tuesday, which was seized during a counter-drug patrol in international waters of the Eastern Pacific Ocean. The contraband offloaded by the Coast Guard Cutter Bertholf's (WMSL-750) crew represents 17 interdictions of suspected smuggling vessels off the coasts of Central and South America by five Coast Guard cutters between early February and early March. “This offload by the Bertholf represents the great work being conducted in the Eastern Pacific combating the transnational organized crime groups…

Orient Overseas International Turns Black

Photo: OOIL

Orient Overseas International (OOIL) said it reported a profit attributable to equity holders of US$138 million for the year ended 31 December 2017, as compared to the loss of US$219 million for the previous financial year. Earnings per ordinary share in 2017 was US22.0 cents, whereas loss per ordinary share in 2016 was US35.0 cents. The Chairman of OOIL, C C Tung, said, “The economic backdrop for 2017 was more robust than forecasters had expected. Following a decade of low growth, we saw healthier performance in both GDP and trade volumes across most of the world’s major economies.

Maersk to Add Vessels to Singapore Base

Photo: Munshi Ahmed/Bloomberg

A.P. Moeller-Maersk A/S plans to add more ships to its Singapore base after making the city-state its biggest hub after the headquarters in Denmark, Bloomberg reported, stating most of the new vessels will sail under the island-city’s flag. “Capitalizing on its strategic location, sophisticated port facilities and shipyards, Singapore has developed into a premier International Maritime Center where ships hub and essential ancillary services in shipping, commerce and logistics flourish,” according to the website of the Maritime Port Authority of Singapore.

Maritime Reporter Magazine Cover Mar 2018 - Annual World Yearbook

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