EU Ambassadors Visit Peru’s Largest Multipurpose Terminal
APM Terminals Callao hosted an EU delegation of ambassadors representing 12 EU member states. Led by the EU Ambassador in Peru, Diego Mellado, the visit was of special interest as annual trade between the EU and Peru is more than $10 billion, 60% of which are exports from Peru to the EU. The trade agreement between the EU and Peru celebrated its fifth anniversary this year- and this month, the Lima Chamber of Commerce and Peru Eurocámaras signed an agreement to centralize EU efforts to promote economic development and investment.
Maersk, IBM Say 94 Organizations have Joined Blockchain Platform
Shipping group Maersk said on Thursday 94 companies and organizations have so far joined a blockchain platform developed with IBM aimed at boosting efficiency and limiting the enormous paper trail of global container shipping.The industry has seen little innovation since the container was invented in the 1950s, and cross-border trade still leaves an enormous trail of paperwork and bureaucracy.Under its new strategy, which includes the creation of an industry-wide blockchain-based trading platform, Maersk aims to expand its transport and logistics business in areas such as freight forwarding an
DP World Gross Volume Up 4.8% for 1H 2018
Dubai-based port and terminal operator DP World said that its gross volumes rose 4.8 percent to USD 35.6 billion s for the six months to 30 June 2018, despite uncertainties in the container market. On a reported basis, revenue grew 14.4%.Revenue growth is supported by the volume growth across all three regions and the impact of new acquisitions including Drydocks World LLC (Drydocks), Dubai Maritime City (DMC) and Cosmos Agencia Marítima (CAM).Profit attributable to owners of…
LNG Trade Grew 10% in 2017 -EIA
Global liquefied natural gas (LNG) trade grew by 10 percent last year due primarily to growing liquefaction capacity in the Australia and the United States, the U.S. Energy Information Administration (EIA) said on Monday.LNG trade reached 38.2 billion cubic feet per day (bcfd) in 2017, up 3.5 bcfd from 2016 and the largest annual volume increase on record, the EIA said, citing the Annual Report on LNG trade by the International Association of Liquefied Natural Gas Importers (GIIGNL).New liquefaction export capacity commissioned in Australia…
IMO Promotes Fishing Vessel Safety
When it comes to fishing vessel safety, the mission is clear, says Sandra Allnutt of the International Maritime Organization (IMO): enhance safety to save lives. “We want to reduce loss of life in one of the most dangerous professions in the world, and we want to enhance safety on board fishing vessels,” said Ms Allnutt, Head of Maritime Technology in IMO’s Maritime Safety Division, following a regional seminar, in Cape Town, South Africa, to promote ratification and implementation of a key fishing vessel safety treaty known as the Cape Town Agreement of 2012.
IMO Trains New Audit Team Leaders
The auditing of International Maritime Organization (IMO) Member States to assess how effectively they administer key IMO instruments is an important part of the Organization’s work to create a regulatory framework for the shipping industry that is universally adopted and implemented. To support this process, new audit team leaders are being trained under IMO’s Member State Audit Scheme (IMSAS) at a course being held at IMO Headquarters, London (6-10 November). The course involves…
IMO Assembly Elects New 40-Member Council
China, Greece, Italy, Japan, Norway, Panama, Republic of Korea, Russian Federation, United Kingdom, United States. Australia, Brazil, Canada, France, Germany, India, Netherlands, Spain, Sweden, United Arab Emirates. Bahamas, Belgium, Chile, Cyprus, Denmark, Egypt, Indonesia, Jamaica, Kenya, Liberia, Malaysia, Malta, Mexico, Morocco, Peru, Philippines, Singapore, South Africa, Thailand, Turkey. The Council is the executive organ of IMO and is responsible, under the Assembly, for supervising the work of the Organization.
DP World Increases Stake in Brazilian Port to 100%
DP World has completed the acquisition of an additional 66.67% stake in Empresa Brasileira de Terminais Portuários (Embraport) in Brazil from Odebrecht Transport (OTP). This transaction increases DP World’s shareholding to 100% and the terminal will be rebranded to DP World Santos. DP World Santos is the largest Brazilian private multi-modal port terminal and operates in the Port of Santos, which is the busiest container port in Latin America handling 3.4m TEU in 2016 and has strategic access to sea, road and rail, and 90% of the cargo is destined for Brazil’s most populous city, São Paulo.
Argentina Sticking with Submarine Program despite Disaster
Argentina and other South American countries are likely to maintain or increase their submarine programs despite the scrutiny that has followed the fatal loss of an Argentine sub in South Atlantic waters last month, defense specialists said. The disappearance of the ARA San Juan with 44 crew members aboard has put pressure on Argentine President Mauricio Macri to consider boosting spending for the military, including the country’s two remaining submarines. Military spending sharply decreased after the end of Argentina’s dictatorship in 1983.
New Women in Maritime Network Launched
Central and Latin America celebrated the launch of a new women in the maritime network in Valparaíso, Chile (13-15 December), which joins the International Maritime Organization (IMO) family of regional Women in Maritime Associations (WIMAs), giving visibility and recognition to the role women play as key resources for the maritime sector. Sixty two women from 18 countries (Argentina, Bolivia, Chile, Columbia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala…
5 Ways to Plan a Trip Full of History and Culture
If you're tired of seeing the same four walls every day or get sick of the set of surroundings you're currently used to, a journey to an area defined by a different history and culture may just be the solution to your cravings for newness and variation. No two places in the world are the same, which makes exploration an even more exciting and thrilling event. From magnificent museums to world-renown and flourishing musical scenes, remember to get the most out of your historical and cultural-rich trip by following these five simple tips.
Maersk Line to Start New Asia-Latin America Service
Maersk Line announced the launch of the new Asia – Latin America / West Coast South America services. The service will provide Maersk Line’s customers with new direct products for Colombia, the Caribbean and Pecem, Brazil. It will reduce transit times and offer greater port coverage, while maintaining the network’s leading reliability. The new service will begin operations at the beginning of April 2018. To improve its product offering and optimise its Asia – Latin America / West Coast South America (AC) network, Maersk Line will add a fourth loop to the network at of the beginning of April.
Brazil Drops 'Railway to the Pacific' Plan
Brazil has shelved a planned railway to ship commodities destined for China through Peru as it was too costly and faced "absurd" engineering challenges, a Brazilian official said. The 5,000-km (3,300-mile) railway over the Andes to the Pacific coast, announced during a visit by President Xi Jinping in 2014, was meant to speed up soybean and iron ore exports to China at a lower cost by bypassing the Panama Canal. But at an estimated cost of $80 billion, the railway would not be commercially viable if it transported just commodities and not more valuable goods…
Hyundai Merchant Marine Forms Consortium with MSC, Hapag-Lloyd and ONE
Hyundai Merchant Marine (HMM) announced that it has established a consortium with global liners, MSC, Hapag-Lloyd, and ONE to launch joint services between Asia and west coast of South America. Previously, HMM operated three Asia-west coast of South America services with MSC, CMA-CGM, Hamburg Süd, Hapag-Lloyd, APL, and CSCL. The newly reorganized ‘Asia-west coast of South America’ joint services will connect Korea, China, Japan, Taiwan with the west coast of Mexico, Peru, Chile, Columbia through three loops starting at the beginning of April.
Petroperu offers a Loreto crude cargo for April
Peruvian state-run oil company Petroperu has launched a tender to sell a 450,000-500,000 barrel cargo of Loreto heavy crude for delivery April 15-30 at Boyovar port, according to a document seen by Reuters on Monday. * Bids will be accepted through March 1, indexed to Brent crude front month prices * Sellers of the cargo also include Peru's Perupetro and Canada-based Pacific Stratus Energy * Petroperu earlier this month offered to buy two cargoes of a Latin American, U.S. or West African crude for April delivery (Reuters; Reporting by Marianna Parraga Editing by Chizu Nomiyama)
Peru Resumes LNG Exports after Pipeline Rupture
Peru has exported its first shipment of liquefied natural gas (LNG) in three weeks after a pipeline rupture in the jungle disrupted production, the state energy agency Perupetro said on Tuesday. The ship Barcelona Knutsen departed Peru for South Korea on Monday with 170,999 cubic meters (6,038,772 cubic feet) of fuel from the Pampa Melchorita plant, which is operated by the consortium Peru LNG, Perupetro said in a report. U.S.-based Hunt Oil has a 40 percent stake in Peru LNG. Royal Dutch Shell Plc, Japan's Marubeni Corp and other companies have smaller stakes in the consortium.
DP World, Panama to Strengthen Ties
Trade infrastructure development to diversify Panama’s economy and DP World’s international experience in over 40 countries were at the centre of discussions held in Dubai yesterday between the global trade enabler’s Group Chairman and CEO Sultan Ahmed Bin Sulayem and Panamanian President Juan Carlos Varela. As part of his visit, Mr. Varela was taken on a tour of DP World’s flagship Jebel Ali Port and Free Zone, including Terminal 3, which is among the world’s most productive and technologically advanced…
U.S. Considers Venezuela Oil Sanctions
The Trump administration is considering sanctioning a Venezuelan military-run oil services company and restricting insurance coverage for Venezuelan oil shipments to ratchet up pressure on socialist President Nicolas Maduro, a U.S. official said. With Maduro running for another term in an April election that Washington and its allies oppose as a sham, the United States is weighing sanctions that would target Venezuela’s vital oil sector beyond what has been done before, the official told Reuters on Wednesday. Some measures could come before the vote and others could be imposed afterwards.
Maersk's Port Business Woos Customers with New Transport Services
Danish shipping group A.P. Moller-Maersk's is betting on winning new customers for its port division by becoming a one-stop shop that can transport goods from factory to retailers' shelves. The move comes as Maersk, the world's biggest container shipper, is entering uncharted territory following its sale last year of most of its energy businesses. This marked a major shift of focus for the group towards transport and logistics. Last month, Maersk said it aimed to expand its port and transport services…
DP World Acquires Cosmos Agencia Maritima in Peru
Dubai-based DP World, , one of the world's largest port operators, said it had bought a logistics firm Cosmos Agencia Maritima (CAM) in Peru for $315.7 million, giving it a 50 percent stake in the country's second largest container terminal. "CAM owns a fully integrated logistics service business (Neptunia S.A and Triton Transport S.A)that offers end-to-end solutions to its customers. The logistics division offers an integrated platform of solutions in activities related to foreign trade…
Hamburg Süd, Electrolux partner for SO2 Reductions
Hamburg Süd and its Swedish customer Electrolux are teaming up to reduce sulfur dioxide emissions in ports. During its layovers in Manzanillo, Mexico; Callao, Peru; and Iquique and Puerto Angamos, Chile. Between March 11 and 24, the 7,114 TEU containershp Santa Catarina voluntarily used cleaner marine gas oil (MGO) instead of standard heavy fuel oil (HFO) to operate its auxiliary engines and boilers. Hamburg Süd and Electrolux already carried out a fuel upgrade in the past, thereby making a contribution to environmental and health protection.
SAAM to Invest $85 Mln in Fleet and Infrastructure
Chilean maritime services and logistics company SAAM announced its plans to invest some $85 million to reinforce its tug fleet and maintain port equipment and infrastructure. "In 2018, we expect to invest close to $85 million, which will be used to maintain our port equipment and infrastructure and reinforce our tug fleet. This could also include inorganic growth opportunities that we are constantly evaluating,” commented SAAM’s chairman, Óscar Hasbún. After concluding a high investment cycle last year, the company’s investments this year will focus on ports and its tug fleet.
USNS Mercy Arrives in Malaysia
U.S. and partner nation personnel participating in Pacific Partnership 2018 aboard the U.S. Navy hospital ship USNS Mercy (T-AH 19), arrived in Port Kelang, Malaysia, April 16. The Pacific Partnership mission in Malaysia will feature medical exchanges, civil engineering projects, humanitarian assistance and disaster relief (HA/DR) preparedness seminars, and community outreach engagements in the greater Kuala Lumpur area. The secondary mission platform for Pacific Partnership, the expeditionary fast transport ship USNS Brunswick (T-EPF 6) will arrive in Tawau…