Victaulic to Add Manufacturing Space in Pennsylvania
Victaulic, a manufacturer of mechanical pipe joining solutions, has unveiled a plan to build an additional state-of-the-art manufacturing center in Lehigh Valley, Pennsylvania. The 400,000 square foot facility is the result of increased domestic demand for the company’s products. The facility is expected to break ground later this year and be fully operational in 2019. “This new facility will play an important role in meeting increased customer demand, while also producing the highest quality products in the industry -- something our customers have come to expect from us since our first innovation nearly 100 years ago,” said John F. Malloy, CEO of Victaulic.
South Australia Seeks Shipbuilding Job Guarantees
The South Australian Government has outlined three key points on shipbuilding it wants addressed by the Commonwealth's Defence White Paper next month. It wants (1) a minimum 70 per cent Australian worker participation in the building, similar to the Collins Class submarines, (2) a guarantee the future naval submarines and frigates will be built in Australia and (3) that the local industry will have a continuous building program. The Abbott Government has put the development of the next Australian submarine program through a competitive evaluation process.
Worker Safety Program Launched in Singapore
The Singapore Workforce Development Agency (WDA) and the Det Norske Veritas (DNV) Clean Technology Centre has announced the WDA-DNV Excellence In Safety Training (WEST) programme to raise safety standards and skills for the manufacturing workforce to benefit 80 local workers over the next year. The programme is the first collaboration between WDA and DNV to equip the Singapore manufacturing workforce with safety excellence skills which are critical in managing risks and preventing major accidents for the high value-added manufacturing sector. At times, these companies could have neglected safety and may result in dramatic loss of economic returns and social losses.
Chinese Manufacturing Expansion Affects Shipping Demand
The expansion of the Chinese Manufacturing Industry continued in September at unchanged pace as compared to the month before, BIMCO reports. The manufacturing industry accounts for around 1/3 of the Chinese economy and is a relevant indicator to watch out for in the shipping industry. What goes on in the manufacturing sector affects demand for container shipping and dry bulk shipping primarily. China Manufacturing PMI is a leading indicator for economic activity and development in GDP.
U.S. 2013 Economic Growth to Continue Say Logisticians
The Business Survey Committee of the Institute for Supply Management™ (ISM) forecast is bullish for the rest of 2013. Economic growth is expected to continue in the United States throughout the remainder of 2013, say the nation's purchasing and supply executives in their spring 2013 Semiannual Economic Forecast. Expectations for the remainder of 2013 continue to be positive in both the manufacturing and non-manufacturing sectors. These projections are part of the forecast issued by the Business Survey Committee of the Institute for Supply Management™ (ISM). The forecast was presented by Bradley J. Holcomb, CPSM, CPSD, chair of the ISM Manufacturing Business Survey Committee; and by Anthony S. Nieves, C.P.M., CFPM, chair of the ISM Non-Manufacturing Business Survey Committee.
Plymouth, UK, Maritime Development Land Deal Signed
The deal is described by the British Government as a once-in-a-generation opportunity to expand the region’s marine and advanced manufacturing industries by freeing up land at the South Yard in Devonport Naval Base. It will enable marine companies to grow their operations, the relocation of supply chain companies to the region and the creation of new marine enterprises. The City Deal is intended to reinvigorate the region’s marine and advanced manufacturing sectors, creating over 9,000 jobs.
Brent Crude Falls More than 7 Percent
Brent crude futures tumbled more than 7 percent on Tuesday, falling back below $50 a barrel as data highlighting China's contracting manufacturing sector revived concerns about global demand for petroleum. Brent October crude was down $4 at $50.15 a barrel at 11:55 a.m. EDT (1555 GMT), just after falling as low as $49.72. (Reporting by Robert Gibbons; Editing by David Gregorio)
Top Source Countries for U.S. Containerized Imports
U.S. containerized imports showed positive growth year-to-date ending August 2010, according to PIERS. An analysis of the data reveals that the U.S. containerized imports grew 15 percent year-to-date (10,846,000 TEUs) with China tracking as the lead source country. Yet, while containerized import growth is expected to continue this year, a slowdown appears to be on the horizon. Of the 173 countries with import activity in the PIERS database, China ships more containerized imports to the U.S. than any other country. From January through August, 2010, the U.S. sourced 48 percent of its containerized imports from China, that is, 5.3 million TEUs, up by 17.8 percent from a year earlier. In August, containerized imports from China surged by 23.5 percent compared to August 2009.
Europe, China Economic News Challenges Shipping Demand
The global economic recovery continues along the rather bumpy lines described in the most recent report on macro economics from BIMCO. Chief Shipping Analyst at BIMCO, Peter Sand, said, "Economic data coming in today dampens optimism for the Euro zone a bit. A lower of level of GDP growth and inflation is affecting shipping demand slightly negatively. Bloomberg reported, The European Commission trimmed its economic growth forecast for the Euro area and predicted low inflation to remain a threat to expansion for at least the next two years.
MSC Announces New Port Call, Revises Canada Gulf service
MSC’s California Express service is now to feature a new port of call – Manzanillo in Mexico. The addition brings a significant customer benefit in transit time and reliability, and provides a direct route to the port as part of the route from Balboa to Long Beach. Previously, the service had offered only a transshipment facility for Manzanillo. The change to the California Express service will come into effect on Saturday 9th July with the vessel MSC ANS MC623A. MSC has also revealed details of its revised Canada Gulf Bridge service.
India Identifies Two Maritime Clusters
Two Maritime Clusters have been identified in Gujarat and Tamil Nadu, as part of the National Perspective Plan of Sagarmala Programme. Based on the study conducted under Sagarmala Programme, these proposed Maritime Clusters will comprise of shipyards, ancillary units for shipbuilding, service providers for shipping industries, marine tourism and marine products such as fisheries and aqua culture. The proposed Coastal Economic Zones (CEZs) are aimed at promoting development of port-proximate industrial clusters…
Harland & Wolff Wins $350M Order
Northern Irish shipyard Harland and Wolff has won a provisional order worth more than $350 million to build two luxury cruise liners, company officials said. The shipyard, which earlier this month secured its future with a $450 million order for four passenger ferries, said it had been awarded a letter of intent by cruise line Luxus Holdings. The 28,000 ton ships will carry 380 passengers and measure more than 656 ft. (200 m), officials said. Luxus said the ships were designed to mimic the standards of a large luxury yacht. The order follows news that Northern Ireland's largest manufacturing sector employer, Bombardier Aerospace, plans to create 1,200 new jobs over the next two years at its Belfast-based aerospace unit Short Brothers Plc.
Bureau Veritas Acquires Another NDT Firm
Classification society BV acquire LVQ-WP, a German group specializing in non-destructive testing (NDT) and industrial inspection services. Founded in 1994, LVQ-WP is headquartered in Muelheim in the Rhein-Ruhr area, which is a strategic industrial cluster in Germany, and provides services to the power, process and manufacturing sectors in Germany and Eastern Europe. LVQ-WP currently has 120 highly qualified employees and its 2012 revenues totaled around EUR9 million. In Europe, non-destructive testing and industrial inspection services represent an attractive market, estimated at EUR850 million with a growth rate of around 8% per year, in which demand is driven by the need to maintain the integrity of ageing infrastructure.
China on Way to Economic Upgrade Says Maersk CEO
China's decline in exporting this year may be a consequence of it becoming a manufacturer of more sophisticated products. Soren Skou, CEO of Maersk Line, the container unit of the Danish shipping conglomerate AP Moller-Maersk Group, said that China's slowing trade growth suggests that the country "may have lost some of its competitiveness in some areas of the manufacturing sector", particularly in light industry, such as the production of toys, shoes and garments, as more companies have moved their manufacturing to neighboring Southeast Asian countries including Vietnam. But Skou said the trend also makes clear that "Chinese companies are trying to move up the value chain to produce more expensive goods" in sectors including solar energy…
JA Moody Acquires Pima Valve
Acquisition expands operational capabilities to include design and manufacturing and demonstrates commitment to U.S. based manufacturing sector. Moody says that it will provide a broader suite of products for its marine and commercial customer base. JA Moody, a privately held family business with its headquarters in Malvern, PA, that has been distributing valves and actuators to the U.S. DOD and commercial entities for 65 years, today announced that it’s parent company has completed the acquisition of Pima Valve.
Thrustmaster Announces Factory Expansion
Thrustmaster of Texas, a manufacturer of commercial marine propulsion products, signed a deal last week to expand its Houston-based production facility by 100,000 sqft (93,000 sq m). Thrustmaster said the multimillion dollar investment has been in the making for two years and is scheduled for completion in the summer of 2015 by Third Coast General Contractors. The project includes plans to double the size of the product testing area, add an onsite paint and blast facility, develop a new fabrication shop…
APL: Port Infrastructure Deter India’s Progress
A lack of infrastructure and high port and inland costs continue to limit India’s economic progress, a senior executive of global container transportation leader, APL, told a high-level shipping industry gathering this week. with world-class efficiency in port infrastructure. services sector, the sky is the limit in terms of its economic potential. does not yet have a port that can handle this class of ship. type of global class facilities, it will not fulfill its cargo carrying potential," said Mr Glenn. of the world’s top 100 container ports at number 36, with Chennai next at 109. insufficient scale," said Glenn. accounts for around 60% of total Indian volumes, is creating acute congestion. answer, citing a recent analysis conducted by leading industry analyst Drewry for APL.
Focus Maritime to Promote Port of Halifax across Europe
Liverpool-based maritime advisory firm and consultancy Focus Maritime (North West) Limited has been appointed to promote Canada's Halifax Port Authority across Europe. The move by the Nova Scotia-based authority is aimed at strengthening its presence across the continent and sees Liverpool-based Graham Fraser take on the role of director, business development and growth - Europe. Strategically located as North America's first inbound and last outbound gateway, the Port of Halifax is a deep, wide, ice-free harbor.
India Plans Expansion of Auto Exports
Ennore Port Limited (EPL), Chennai and Ford India Private Limited have signed an agreement for export of Ford cars though the Ennore port for a period of 10 years. Speaking on the occasion the Union Minister for Shipping Shri G.K. Vasan said that this is a part of series of initiatives by the UPA government for attracting investments in the infrastructure sector, particularly in ports and automobile sectors. The agreement provides for various volume based discounts on wharfage by EPL ranging from5-30% to encourage more exports through EPL. Ford India Private Limited has set up a modern integrated manufacturing facility at Maraimalai Nagar, near Chennai, for export of their automobile products.
Chris Holm Joins KVH to Direct Human Resources Initiatives
KVH Industries, Inc., announced today that Chris Holm has joined the company to drive strategic leadership in key human resources initiatives supporting KVH’s growth. He assumes the title of vice president of human resources, a newly created role within the company. From its headquarters in Middletown, Rhode Island, KVH has a global presence that includes offices around the world. In the past two years, the company’s annual revenue increased 45 percent, and the number of employees grew from fewer than 400 to more than 500.
Oil Off to a Turbulent Start in 2016 -DW
Oil prices have been extremely volatile since the first trading day of 2016 and hit 12-year lows last week with Brent dropping below $33 a barrel for the first time since 2005. The fall in the Chinese manufacturing index, the Saudi-Iran standoff and North Korean nuclear test have all had a significant impact on shaping oil price trends, says market analyst and consultant Douglas-Westwood (DW). Brent crude rose to a three-week high of $38.91 a barrel on January 4 as a consequence of the Saudi-Iran geopolitical risk but these gains were quickly diminished due to concerns over economic slowdown. Rising tensions in the Middle East typically trigger an increase in the price of oil, yet it seems that bearish sentiment elsewhere has prevailed over potential risk.
American MetalCraft Marine Sponsors Seaway Day
Sailing Seaway Clayton presented by Davidson Auto Group and Lake Ontario Realty announced that American MetalCraft Marine of Clayton, New York has been named title sponsor of Seaway Day on Saturday, June 18. American MetalCraft Marine Seaway Day will feature tall ship Lynx, along with local vessels on display including tugboat Bowditch and former military landing vessels Thors Hammer and Maple Grove. The day will be capped off with a live performance by Bad Husbands Club at 7 p.m. in Frink Park.
Container Census Predicts Limited Box Availability
After the critical shortages of containers of last year, production has picked up again, but high container prices and a tight ratio of containers to vessel slots will continue to constrain the availability of boxes, according to the Container Census – Annual Survey and Forecast of Global Container Units, a new report from Drewry Maritime Research. At the end of 2010, the global fleet of containers exceeded $90 billion in replacement value for the first time, according to the report, also reflecting the increased unit prices of containers. The comprehensive report, the industry’s only detailed survey of the global fleet of containers…