Latin America News

27 Nov 2019

Training for L. American Maritime Leaders

Pic: International Maritime Organization (IMO)

A regional workshop organized by International Maritime Organization (IMO) has provided senior maritime administration officials in Latin America with the latest information on current and future developments at the Organization.The workshop for the regional maritime authorities networks, ROCRAM and ROCRAM-CA was held at IMO Headquarters in London (26 November) in the margin of the 31st IMO Assembly.The 28 participants received detailed information about the activities within…

26 Nov 2019

Global FPSO to Grow at Over 19.9%

Pic: Bumi Armada Berhad (Malaysia)

The floating production systems market worldwide is projected to grow by US$85.1 Billion, driven by a compounded growth of 19.5%.Floating production storage offloading (FPSO), one of the segments analyzed and sized in this study, displays the potential to grow at over 19.9%, said a report by ResearchAndMarkets.The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market.Poised to reach over US$77 Billion by the year 2025…

26 Nov 2019

Kalmar Signs Pact with Baja Ferries

Pic: Kalmar

Kalmar, part of Cargotec, has signed an agreement with Mexican ferry operator Baja Ferries to supply 20 terminal tractors for use in RoRo port operations.The order, which was agreed through Kalmar’s Mexican distributor Tracsa/Sitsa, was booked in Cargotec's 2019 Q3 order intake, with delivery scheduled to take place during Q1 2020.Baja Ferries is a leading provider of cargo and passenger ferry services in Mexico, offering integrated and multimodal logistics solutions. The company’s…

22 Nov 2019

FPSO Vessel Revenue to Reach $8.30Bln by 2026

Pic: MODEC

The global floating production storage and offloading (FPSO) vessel market is expected to grow at a robust rate of 11.80% during the forecast period 2016 to 2026. Additionally, the revenue in the global FPSO vessel market is projected to reach up to US$8.30bn by the end of 2026.Growing demand for alternative sources of oil due to continual depletion of existing oil reserves drives the global FPSO vessel market, said a report by Transparency Market Research Market (TMR).On the basis of geography, Latin America held a large share until 2016.

19 Nov 2019

Petrobras to be World's Largest Oil Producer

Graph: Rystad Energy

Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts.Brazil’s biggest-ever oil auctions in November were generally deemed to be disappointing, receiving muted interest from international exploration and production companies.However, national oil company Petrobras could not have asked for a better outcome. The world’s fastest growing oil producer gained nearly full control of more than eight billion barrels of oil in the Buzios field…

11 Nov 2019

Hapag-Lloyd Expands Atlantic Loop 3

Image: Hapag-Lloyd

German international shipping and container transportation company Hapag-Lloyd AG announced that it is expanding fleet on Atlantic Loop 3 service between the US and Europe."Our Atlantic Loop 3 Service (AL3) fleet is growing with the addition of the 4,248 TEU vessel “Rio Grande Express” sailing between the United States and Europe," the cargo container shipping line said in a statement."Upgrading to a 6 vessel rotation will improve the reliability of the AL3 service for our customers and support our strategy of being number one for quality…

03 Nov 2019

Lydia Oldendorff Sets Record

Pic: Oldendorff Carriers

The largest German bulk carrier company Oldendorff Carriers GmbH, which operates around 700 ships, said that its Lydia Oldendorff (207,562 tdw built 2015) has set a record as the largest vessel to load coal at Puerto Bolivar, Colombia.The Newcastlemax vessel has a length of 300 meters and a breadth of 50 meters and was loaded on a trial cargo draft of 17.5 meters. The cargo loaded is destined for Flushing, in the port of Antwerp in Belgium, where it will again be the largest vessel to enter the port.Oldendorff Carriers currently operates a fleet of about 65 modern eco-Newcastlemax (203-211…

29 Oct 2019

Norway Rejects Prosafe-Floatel Merger

Image: Prosafe

The Norwegian Competition Authority has rejected the proposed merger between Scandinavian offshore accommodation/construction support providers Prosafe and Floatel.Oslo-listed accommodation services player Prosafe in a press release said that it will study the decision in detail, and expects to decide on whether to appeal shortly and within the deadline within three weeks.The company owns and operates semi-submersible accommodation vessels operating at present in the North Sea…

17 Oct 2019

EU/IMO Global Project Drives Energy Efficiency

Photo: IMO

The GMN global network of maritime technology cooperation centers has completed numerous pilot projects over the past three years, helping to drive forward the changes which are required to reduce GHG emissions from shipping. A global network of maritime technology cooperation centers has completed an impressive array of pilot projects over the past three years, helping to drive forward the changes which are required to reduce GHG emissions from shipping.Five regional Maritime…

16 Oct 2019

ITF Expands into Asia Pacific

Photo: ITF

The International Transport Workers' Federation (ITF) has established its latest Contacts Network, covering Bangladesh, Cambodia, Malaysia, Myanmar, Pakistan, Papua New Guinea, the Solomon Islands and Thailand.ITF has seen a significant increase in seafarers requesting assistance from countries without an inspector or contact, in recent years.Attempting to resolve these requests is often challenging due to several factors, including the local political context and the effectiveness…

16 Oct 2019

Antwerp Port Freight Volume Up

Image: Port of Antwerp

The total freight volume handled by Port of Antwerp rose from January through September 2019 by 1.1% compared with the same period last year. The container volume (in TEU) was up by as much as 6.4%.However the slowdown in the world economy reduced the growth rate of more volatile trade flows such as conventional break-bulk, liquid bulk and vehicles. On the other hand the volume of dry bulk such as scrap metal, minerals and coal soared by 9.5%, further propelling the overall freight…

13 Oct 2019

Hapag-Lloyd Opens New South Europe HQ

Pic: Hapag-Lloyd

German cargo container shipping line, Hapag-Lloyd AG, officially opened its headquarter for the new region.CEO Rolf Habben Jansen presented the keys of the office complex in Genoa (Italy) to the new Senior Managing Director Juan Pablo Richards.During the opening event, Habben Jansen explained the motivation to create a new region: “After our merger with UASC in 2017 the Mediterranean region has gained more importance for us. That's why we are eager to bolster our competitive position…

10 Oct 2019

DP World Becomes a Full Logistics Operator in Peru

Image: DP World

DP World, a Dubai-based global port operator, announced that it has expanded its business in Peru into a fully-integrated maritime and logistics operation.It has completed the development of the first phase of the deepwater port of Posorja in Ecuador for around $538 million. The whole project is estimated to cost around $1.2 billion.The development of the port by DP World will make Ecuador a trade and logistics hub for South America’s west coast. It will also see large container ships with capabilities exceeding 10…

09 Oct 2019

Lithuania's KN Bids for LNG Terminal Operator in Brazil

Image: Klaipedos nafta

Lithuania's state-run oil and LNG terminal operator Klaipedos Nafta (Klaipedos Oil, KN) said on Wednesday it’s currently negotiating an operations and maintenance services agreement for a LNG terminal in Brazil with Brazils' Gas Natural Acu (GNA).Under such Agreement KN may commit to incorporate a company in Brazil (hereinafter – Brazilian  SPV) for the provision of such services.For that reason, KN may need to give a guarantee or guarantees to secure the fulfillment of obligations…

09 Oct 2019

Interview: Davide Breviglieri, CEO of Azimut Yachts do Brasil

Davide Breviglieri, CEO of_Azimut Yachts do Brasil at the Azimut boatyard in the state of Santa Catarina. Image: Azimut Yachts

With 50 years of history, the Azimut | Benetti Group is recognized as the world’s largest motor yacht builder (global orderbook 2019). For nearly 10 years Azimut has been producing a wide range of luxury motor yachts in Brazil. Maritime Reporter´s correspondent in Brazil interviewed Italian executive Davide Breviglieri, CEO of Azimut Yachts do Brasil.Founded in 1969 by Paolo Vitelli, still the main shareholder, the group is present in 70 countries and has a network of 138 sales and service offices…

07 Oct 2019

Keppel, Sembcorp Reach Deal with Embattled Brazil Firm

When the Settlement Agreement is completed, Keppel O&M will have full ownership over the four uncompleted rigs to explore various options to extract the best value from the assets.  Keppel O&M is also in discussions with Magni Partners on the terms to complete the construction of the drilling rigs Urca (pictured) and Frade, which are about 92% and 70% completed respectively. (Photo: Keppel)

Singapore firms Keppel Corp and Sembcorp Marine said on Monday they had reached settlements with indebted Brazilian firm Sete Brasil over long-standing contracts to build drillships and rigs.Sete, which leased oil rigs to Brazil's state oil firm Petroleo Brasileiro SA (Petrobras), filed for bankruptcy protection in 2016 after being engulfed in a massive corruption scandal.Keppel and Sembcorp Marine are among a host of firms caught up in the wide-ranging "Car Wash" investigation.

06 Oct 2019

Workshop on Implementing MARPOL

Pic: International Maritime Organization (IMO)

What are the barriers to implementing the International Maritime Organization (IMO) regulations to cut emissions from ships and how can these be overcome?These were key questions explored during an IMO regional workshop on effective ratification and implementation of MARPOL Annex VI and the  initial IMO strategy on reduction of GHG emissions from ships, held in Viña del Mar, Chile (30 September-2 October).Participants identified existing barriers preventing ratification of MARPOL Annex VI…

24 Sep 2019

Latin America Empowers Maritime Women

Pic: IMO

International Maritime Organization (IMO), with support from Malaysia, has given fresh impetus to an important regional network helping to promote women in the maritime community in Latin America.At a meeting in Colombia, (18-20 September 2019), the network of Women of the Maritime Authorities of Latin America (MAMLa) was put on a firm foundation. Maritime Authorities include Argentina, Brazil, Bolivia, Costa Rica, Chile, Colombia, Cuba, Dominican Republic, Ecuador, El Salvador…

17 Sep 2019

Shearwater Wins 1st Project in S. America

Image: Shearwater GeoServices Holding AS

Norway-based provider of marine geophysical services, Shearwater GeoServices has been awarded a 3D Isometrix seismic survey by Colombia’s Ecopetrol.It will be Shearwater’s first Isometrix survey in Latin America with marine acquisition starting in Q4 2019, said GC Rieber Shipping ASA's 20% owned geoservices company.The survey covers 2 000 sq. km of 3D seismic offshore Colombia on Ecopetrol’s Block COL-5 and will be acquired by the SW Amundsen equipped with Isometrix multisensor…

17 Sep 2019

Colombia's SPEC LNG Expands

Map to show the location of SPEC LNG. Avenir LNG

Colombia´s LNG Import Terminal Sociedad Portuaria El Cayao (SPEC LNG) has signed a joint development agreement with Calamari LNG, Avenir LNG and Höegh LNG on providing additional LNG services at the Cartagena import facility.The additional services planned to be provided directly from the FSRU Höegh Grace include, among others, cool down of conventional LNG carriers and reloading of small LNG cargoes for onward distribution throughout Latin America and the Caribbean.Jose Castro…

16 Sep 2019

Boluda Tows World’s Largest Container Ship

Image: Boluda CorporaciĂłn

Tugs from Boluda Towage Spain, the towing division of Boluda Corporación Marítima, have recently towed the largest container ship in the world in and out of the port of Algeciras.Built this year, the MSC MINA a has 23,756 TEU capacity and is powered by 228,741 GT. The ship called at the port of Cadiz during its maiden voyage from the Chinese port of Xingang to northern Europe, a service operated jointly with Maersk.The containership with the greatest container-holding capacity in the world was towed upon arrival at the Bay of Algeciras on 4 September by the tugboats VB JUANGONZALEZ…

12 Sep 2019

LNGC Containment Market to Reach $16Bln By 2025

Image: Teekay LNG Partners

The global liquefied natural gas (LNG) carrier containment market was USD 11.21 billion in 2018 and is expected to reach around USD15.56 billion by 2025, growing at a CAGR of 4.9% between 2019 and 2025.The LNG carrier containment market is majorly driven by the rising demand for natural gas from various industries and LNG’s growing number of residential and commercial applications, said a report by Zion Market Research.Furthermore, LNG has witnessed an exponential increase in its demand as an automobile fuel in recent past…

10 Sep 2019

Natural Gas to be 29% of World’s Energy Supply by 2050

Image: DNV GL

The global oil demand will peak in the mid-2020s and gas demand will keep rising to 2033, says DNV GL.Gas demand will then plateau, and the fuel will remain dominant until the end of the forecast period in 2050, when it will account for over 29% of the world’s energy supply, it said.Significant investment will be required to ensure production meets demand, including realising the potential from stranded gas reserves and for reserve replacement. DNV GL forecasts global upstream gas capital expenditure to reach USD 737 billion (bn) in 2025…

Maritime Reporter Magazine Cover Dec 2019 - Great Ships of 2019

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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