Latin America News

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…

06 Sep 2019

Metal Shark Expands Into Peru

A Metal Shark 45 Defiant patrol vessel, similar to the vessels being built for the Peruvian Navy at Metal Shark’s Jeanerette, Louisiana USA production facility.

USA-based shipbuilder Metal Shark has announced its expansion into the country of Peru, with a new patrol boat order now in production, and a multiyear co-production agreement recently established with the state-operated Peruvian shipyard Servicios Industriales de la Marina (SIMA-PERU SA).The first round of Peruvian Navy maritime interdiction vessels are now being built by Metal Shark in the United States. Under a co-production agreement with SIMA, Metal Shark plans to deliver multiple similar vessels to Peruvian interests through training and the transfer of designs…

02 Sep 2019

Damen Sells Two ASD Tugs to Ecuador

Pic: Damen Shipyards Group

Dutch shipbuilding giant Damen Shipyards Group said that it has  sold two Azimuth Stern Drive (ASD) Tugs to Ecuador-based DLEN S.A.According to the operator of 36 shipbuilding and repair yards, the vessels will give tug assistance during bunkering operations to Corpetrolsa’s fleet of tankers, a subsidiary of DLEN, as well as other vessels entering the ports of Esmeraldas and La Libertad.The new two-vessel order follows hot on the heels of last year’s delivery of three Damen Stan Tugs to the DLEN.

30 Aug 2019

McQuilling Mid-Year Tanker Market Outlook

File Image: AdobeStock / © Carabay

McQuilling Services Announces the Release of the 2019 Mid-Year Tanker Market Outlook Update.The Mid-Year Tanker Market Outlook Update provides an outlook on the global tanker market in the context of global economic growth and oil fundamentals influencing tanker demand and vessel supply. The outlook includes a view on future asset values, time charter rates, market freight rates and TCE revenues for 24 major tanker trades and four triangulated routes across eight vessel segments for the second half of 2019 through the remaining four years of the forecast period 2019-2023.

12 Aug 2019

DNV GL Launches OMA Services

Pic: DNV GL

The world’s largest resource of independent energy experts and certification body DNV GL launched a new service in The Operational Modal Analysis (OMA), also known as ambient modal identification, detects the modal properties of a structure based on vibration data collected when the structure is under its operating conditions.As the wind industry strives to cut costs while producing more powerful turbines, traditional designs are being adapted with manufacturers producing taller…

26 Jul 2019

Panama Canal, UN Join Forces on Climate Action

Photo: Panama Canal Authority.

The Panama Canal and UN Environment signed a cooperation agreement today to join efforts on sustainable development and combatting climate change.Signed by the Administrator of the Panama Canal Jorge L. Quijano and the Regional of UN Environment in Latin America and the Caribbean Leo Heileman, the agreement includes the exchange of experiences and knowledge, the development of programs and research in areas of shared interest, and human resources training across both institutions.The…

21 Aug 2019

LNG Market Recovers in Q2, Says Flex LNG

Pic: Flex LNG

During the second quarter 2019, spot liquefied natural gas (LNG)  freight rates stabilized and started gradually to recover, says Flex LNG, the owner of LNG carrier vessels and floating storage regasification units (FRSUs).Unseasonably slow demand in Asia over the winter due to fewer heating days caused by warmer weather, and cooler weather than normal in key demand areas early in the summer coupled with ample supply growth from new liquefaction continued to weigh on global LNG prices.The on-going trade dispute between the U.S.

09 Aug 2019

Workshop on Implementing IMO Treaties

Pic: International Maritime Organization (IMO)

International Maritime Organization (IMO) treaties need to be implemented into national law so that they can be applied on ships flying the flag of a particular country and so that those countries can implement effective port State control and comply with other obligations under the specified IMO instruments.According to the UN body, an IMO course provides lawyers and legislative drafters with the tools they need to understand IMO treaties, how they are developed and adopted…

26 Aug 2019

Singapore Hosts Port Management Program

Photo: Maritime and Port Authority of Singapore

The largest cohort of 27 port masters, harbour masters and middle managers from maritime and port authorities from Africa, Asia, the Caribbean, Europe, Latin America and Oceania attended the sixth Maritime and Port Authority of Singapore (MPA) Academy’s Port Management Program (PMP).Developed and organized by MPA Academy, the five-day Program will be delivered by industry practitioners as well as senior officers from the MPA. Some of the key subjects that will be covered during the Program include maritime safety…

07 Aug 2019

Shanghai Ports Tops in Connectivity

Pic:  UNCTAD

The Shanghai port has topped UNCTAD’s 2019 ranking of the world’s best-connected ports, released yesterday (7 August).The Chinese port garnered a connectivity score of 134 points, followed by the ports of Singapore (124.63 points), Pusan (114.45 points) in Korea and Ningbo (114.35 points), also in China. The index is set at 100 for the best-connected port in 2006, which was Hong Kong, China.Besides the Asian ports, the other ports on the top 10 list are those of Antwerp (94 points) in Belgium and Rotterdam (93 points) in the Netherlands.

Maritime Reporter Magazine Cover Oct 2019 - Marine Design Annual

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