CMA CGM Completes Sale of Eight Terminals
CMA CGM said on Thursday it has completed the sale of stakes in eight port terminals for $815 million to its joint venture with China Merchants Port Group.Late last year, CMA CGM reached a deal with China Merchants to sell stakes in 10 port terminals to the companies' Terminal Link venture for $968 million, as part of efforts by CMA CGM to finance its acquisition of Swiss-based CEVA Logistics and reduce group debt.The first eight terminals included in the transaction are Odessa Terminal (Ukraine)…
CMA CGM: Terminal Deal with China Merchants Complete
CMA CGM said on Friday it had finalized an agreement with China Merchants Port Holdings Co.
France Conducts Training on Port Management
An intensive training on port management and operational efficiency was delivered to high-level officials and decision-makers from maritime and port authorities around the world.The annual five-week course, delivered by the Institut Portuaire d’Enseignement et de Recherche (IPER), concluded on 11 October in le Havre, France.The 33rd Advanced Course on Port Operations and Management welcomed 19 participants from 19 countries. Seven of these participants were women. The participating countries were Algeria…
China Hosts Deep-Sea Exploration Contractors Meet
The third annual meeting between the International Seabed Authority (ISA) Secretariat and the contractors with deep-sea exploration contracts in the international deep-seabed (the Area) concluded in Changsa, China on Sunday.Delegates gathered at the three-day meeting hosted by China Minmetals from October 11-13 to discuss areas of common interest, and the next steps in moving from exploration to the sustainable development of deep-sea mineral resources.In his remarks at the opening ceremony, ISA Secretary-General Michael W.
As Ocean Fears Gather Pace, WTO Fishing Talks Stall
The oceans are under siege, campaigners warn, and fish stocks could collapse unless a global deal is struck swiftly to ban harmful fisheries subsidies. The World Trade Organization, meanwhile, can't agree on who will head the committee to discuss the issue, according to sources close to the negotiations.More than 90 percent of fish stocks are at maximum sustainable levels or overfished, according to the U.N. Food and Agriculture Organization, and environmentalists say a subsidies…
Damen Signs Deal with PAJAM
Damen Shipyards Group signed a contract with the Port Authority of Jamaica (PAJAM) for the delivery of a Utility Vessel 3911. The vessel will be used by Damen’s client for buoy-laying and maintenance support operations in the ports of the island nation.Damen has a long relationship with PAJAM, stretching back to the 1990s, when the port authority placed orders with Damen for two Stan Tugs 2909. This was followed, more recently, by orders for two Pilot Vessels 1605.The UV 3911 is a 39.4 x 10.8 meter vessel built to facilitate a crew of twelve.
Bahamians Struggle in Dorian's Devastating Wake
Stunned residents of the Bahamas surveyed the wreckage of their homes and officials struggled to assess the number killed by Hurricane Dorian, as the storm bore down on the South Carolina coast, threatening record flooding on Thursday.The United Nations said 70,000 people in the Bahamas needed immediate humanitarian relief after the most damaging storm ever to hit the island nation.Aerial video of the worst-hit Abaco Islands in the northern Bahamas showed widespread devastation…
Caribbean to Enhance Maritime Capacity
International Maritime Organization (IMO) has signed a new Memorandum of Understanding (MoU) with the Republic of Chile, to extend Chile's technical assistance to countries in the Caribbean region, in addition to Latin America.According to the UN body, the MoU on Technical Cooperation, signed by the Directorate General of Maritime Territory and Merchant Marine (DIRECTEMAR) of the Republic of Chile, replaces earlier MoUs (signed in 2002 and 2005) and strengthens the collaboration…
IMO Movie Promotes Gender Diversity
A new film from the International Maritime Organization (IMO) shows how IMO's Women in Maritime program is helping to support gender diversity in the maritime sectorThe maritime world is changing - and for the better. With help from the International Maritime Organization (IMO), exciting and rewarding career opportunities are opening up for women and a new generation of strong and talented women are responding.They are proving that, in today's world, the maritime industries are for everyone.
Latin American Ports Cargo Throughput Rose 7.7%
Container throughput in ports of Latin America and the Caribbean increased by 7.7% in 2018 in comparison with the previous year.According to the Economic Commission for Latin America and the Caribbean (ECLAC), this analysis is based on the performance of a sampling of 31 countries and 118 ports and port areas in the region.According to the annual report unveiled by the United Nations organization – which was called “port ranking” in prior years – the data largely maintained the heterogeneity seen in throughput behavior in previous periods, both in reference to ports and countries.
Caribbean Commits to IMO Standards
Caribbean States and Territories have re-affirmed their commitment to implementing International Maritime Organization (IMO) standards for safe, secure and sustainable shipping.According to the UN body, this is part of wider efforts to intensify investments and harness the full potential of the oceans, rivers and lakes to accelerate economic growth, create jobs and fight poverty.Ministers responsible for maritime transport and other participants representing the Governments in the region met at a High Level Symposium (27 February) in Montego Bay…
KFTL Hits Container Moves Milestone
Kingston Freeport Terminal Ltd (KFTL), a Jamaican consortium formed by French global terminals operator CMA CGM and its majority-owned subsidiary Terminal Link, said it recorded the best performance ever in the history of the port of Kingston in terms of container moves.Kingston Freeport, which has leased Kingston Container Terminal, KCT, under a 30-year concession, said a total of 3,304 moves were handled within 24 hours of operation on the Post-Panamax vessel Cosco Beijing, which arrived at the terminal on January 24.
India Plans Deep Dive for Seabed Minerals
In the 1870 Jules Verne classic "20,000 Leagues Under the Sea", underwater explorer Captain Nemo predicted the mining of the ocean floor's mineral bounty - zinc, iron, silver and gold.India is catching up with that only now, as it prepares to unearth treasures down below, aiming to boost its economy.The floor of the world's seas is scattered with vast beds of black potato-shaped polymetallic nodules comprising copper, nickel, cobalt, manganese, iron and rare earth elements.These natural goodies are key to making modern gadgets…
IMO to Empower Port Women
International Maritime Organization (IMO) is supporting a training course aimed at female officials from maritime and port authorities entitled to encourage more women to join the maritime ranks in many aspect of the industry.Twenty-seven women from 18 developing countries are taking part in the two-week "Women in Port Management" course, hosted in Le Havre, France (12 – 23 November). The countries are Antigua & Barbuda, Bangladesh, Belize, Brazil, Cambodia, Dominica, Guyana, Jamaica…
Joey Farrell: Born to Marine Salvage
Boys are coaxed into cleanliness at bath time playing with boats. But it was never a game for Joseph Farrell, III, instinctively realizing he was ballasting and salvaging ships, unlike the typical Mr. Bubbles kid. The scion of Resolve Marine Group may have been born to lead the global emergency response company founded by his father with a single tug 38 years ago, but he’s never taken dangerous wreck removal lightly.Before turning 15, Joey had two close calls on and around ships that guide him today, at 34.
Golar FSRU Golar Freeze Lined Up for Jamaican Project
Norwegian shipping company Golar LNG Partners is deploying a floating storage and regasification unit (FSRU) to Jamaica for up to 15 years from the fourth quarter of 2018."FSRU Golar Freeze will shortly arrive offshore Jamaica where she will service a 15-year charter for an energy and logistics company," the partner company of Golar LNG Limited said in a stock market annoucement.From commencement of commercial operations, expected during January, 2019, hire will be receivable at the full daily base rate…
BBC Chartering Joins Seaboard to Create “Andino Service”
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…
LNG Investment Set to Grow
Following years in the pricing doldrums, LNG is hot again, with business prospects for floating production and regasification looking strong through 2023. We talk to Jim McCaul of International Maritime Associates (IMA) for his insights, as he is fresh off of a 12-month stint investigating the market in depth."We wanted to take a fresh look at the market, to identify opportunities both in the production and regassification of LNG" is how McCaul, founder of IMA, best describes his team’s 12-month effort to study and report on the industry.
LNG Report: Floating Liquefaction & Regasification
International Maritime Associates has completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector. Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
IMA Completes 12-month Study of the Floating Liquefaction and Regasification Market
International Maritime Associates has just completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector.Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
Port Management and Efficiency Training in France
High-level officials and decision-makers from maritime and port authorities around the world are undergoing intense training in port management and operational efficiency at the annual Advanced Course on Port Operations and Management based in Le Havre, France (10 September to 12 October).The opening of the course coincided with Le Havre's celebration of World Maritime Day and its theme: International Maritime Organization (IMO) 70 Our heritage – better shipping for a better future.IMO's Chris Trelawny delivered the opening address and lectured on the role of IMO…
Barge Runs Aground near New York
A barge has run aground in Coney Island Channel near Brighton Beach, N.Y., Wednesday morning.At approximately 9 a.m., a tug, the Eastern Dawn, was pushing the barge Port Chester when it ran soft aground near Coney Island Channel Buoy 3.The tug and barge crew confirmed there were 14,000 barrels of fuel oil on board the barge and reported no pollution.Crewmembers from U.S. Coast Guard Station New York responded to ensure the safety of the barge and surrounding vessel traffic.Pollution response teams and investigation officials from Coast Guard Sector New York were also on scene to assess the incident and confirmed no fuel entered the water.The barge Port Chester was able to refloat during high tide at approximately 2:30 p.m., and arrived at its destination in Jamaica, Queens, N.Y.
Jamaica Passes Bill to Manage Ballast Water Carried By Ships
The House of Representatives passed the Ballast Water Management Bill, which is aimed at protecting Jamaica’s marine environment, said Jamaica Information Service, a government agency. The legislation seeks to implement measures to prevent ships entering Jamaica’s waters from introducing foreign aquatic species and diseases into the country. The Minister of Transport and Mining, Robert Montague, said the Bill is in keeping with commitments under the Ballast Water Management Convention, of which Jamaica is a signatory.