Yang Ming Establishes Indonesia Subsidiary
Taiwanese shipping company Yang Ming Marine Transport Corp. will form a new subsidiary with partners in Jakarta Indonesia named PT Yang Ming Shipping Indonesia Today (16th May 2019).PT Yang Ming Shipping Indonesia will have branch offices at Surabaya, Panjang, and Palembang. The company has nominated Benson Chou as President Director for the first term."Prompted by the rapid economic growth in Southeast Asia, global carriers begin to strengthen their regional services to meet the growing market demand.
CMA CGM Bundles Multimodal Transport
The CMA CGM Group announced that its intra-European multimodal transport subsidiaries Containerships and MacAndrews have united under the single Containerships brand.Together, Containerships and MacAndrews operate a fleet of 32 vessels and 700 trucks, calling 64 ports through 26 maritime services and 8 inland services.The single Containerships brand resulting from their union will be able to unlock major synergies and to focus on commercial growth and on the development of high-quality services for its customers.In addition…
Saudi Aramco, Total in USD1bln Pact
Saudi Aramco and Total hasve signed a joint venture agreement to develop a network of fuel and retail services in Saudi Arabia.The 50:50 JV plans to invest around $1 billion over the next six years in the Saudi fuel retail market and start providing motorists with premium fuels and retail services in the Guf kingdom.“This is a major milestone which will help establish a quality retail fuel network in the Kingdom. We look forward to working together with our long-term partner Total and draw on their extensive experience in the retail fuel market…
European Marine Insurance Firms Join Forces
Italian worldwide leading broker for marine insurance Cambiaso Risso Group has signed a strategic partnership agreement with French insurance broker Siaci Saint Honore to foster a strong positioning in their markets.The deal will be subject to approval by the competition authorities in some of the 42 countries in which the two companies are active and will come into effect in the second quarter. It will give birth to the world’s top three marine insurance broker in the world,…
Oman Mulls Investment in Chabahar Port
Oman’s Ambassador to Tehran Saud bin Ahmad Khalid al-Barwani said that his country’s state and private sectors are keen on investing in Iran’s Southeastern port of Chabahar.Chabahar is the best center for telecommunications, economic and trade exchange and can play a very significant role to this end, he said during a meeting with the Managing Director of Chabahar Free Trade Zone Abdolrahim Kordi.“Increasing business and economic cooperation between Oman and Iran could lead to the development of relations between the two countries…
CMA CGM Unifies Containerships and MacAndrews Brands
CMA CGM will retain the only Containerships brand for its intra-European operations, giving up MacAndrews, which had already erased OPDR."Containerships: from April 1st, 2019 a single brand resulting from the union of two experts of intra-European transport CMA CGM reinforces its strategy aimed at densifying its regional coverage to the benefit of its clients," said a press release from MacAndrews.According to the French container transportation and shipping company, by joining the forces of two recognized experts of intra-European multimodal transport…
PSA, ONE Launch Container Terminal in Singapore
The global transport company Ocean Network Express (ONE) and PSA Singapore (PSA),the flagship terminal of the global port group PSA International, will join hands to form a joint venture company based at Pasir Panjang Terminal in Singapore.Subject to regulatory approvals, the joint venture terminal is scheduled to commence operations in the first half of 2019 and operate four mega container berths with a combined annual handling capacity of 4 million TEUs, said a press release from the global container shipping company headquartered in Singapore.Pasir Panjang Terminal…
ClassNK Opens New Survey Office in Italy
Leading classification society Nippon Kaiji Kyokai, also known by the brand name 'ClassNK', has opened a new exclusive survey office in Reggio Calabria, Italy with operations beginning 5 December, 2018.Reggio Calabria, located in Southwest Italy, faces the Strait of Messina which crosses through the Italian Peninsula and Sicily. In recent years, the number of surveys and audits required in the southern part of Italy and Malta has been increasing.Through the opening of its latest office…
Gordon Dadds Acquires Maritime Law Firm Ince & Co
Gordon Dadds Group plc said it agreed to buy one best known names in maritime law Ince & Co International.The merged firms will become a new global legal business and the largest listed law firm in the UK by revenue.Ince is a network of affiliated international commercial law firms, serving its global client base from offices across Asia, Europe and the Middle East. For the year to April-end it generated revenue of GBP52.5 million."The parties are now engaged in the detailed contract negotiations and are aiming for completion by 31 December 2018," said a press release from the UK firm.
INSIGHTS: John Rynd / President , CEO and Director, Tidewater Inc.
Mr. John Rynd graduated from Texas A&M University with a Bachelor of Arts degree in Economics. He previously served as Chief Executive Officer and President, and as a director of Hercules Offshore from 2008 through 2016. Prior to his time with Hercules, Mr. Rynd spent 11 years with Noble Drilling Services, Inc., where he served in a variety of management roles. Earlier in his career, he served in various roles of increasing levels of responsibility with Chiles Offshore and Rowan Companies. Beyond this, Mr.
ECDIS & Maritime Accident Investigation
It’s not where you are, it’s where you should not be that mattersCaptain Whyte, a leading marine accident analyst at LOC Group, an independent marine and engineering consultancy which provides services to the shipping and offshore energy industries, explains how electronic data is making accident investigation clearer by providing irrefutable evidence.“Fundamentally, situational awareness underpins everything we do”, said Captain Whyte. “Whether that’s crossing the road or driving ships at sea. We need to know where we are, what we’re doing and where we are going.
MOL Worldwide Logistics Establishes Hong Kong HQ for MOL NVOCC Operations
Mitsui O.S.K. Lines (MOL) announced the establishment, effective July 1, of MOL Worldwide Logistics (MWL), and that they will lead MOL Group non vessel operating common carrier (NVOCC) business in Hong Kong.In a press release the company clarified that Non Vessel Operating Common Carrier (NVOCC) does not have own transport means (vessels), but carries cargoes between ports and to the final place of delivery by using other shipping companies.MOL Executive Officer Michael P.Y. Goh was appointed CEO of MWL.
Georgia's New Inland Terminal Begins Business
Gov. Nathan Deal, state officials and more than 350 business and civic leaders were on hand today to officially open the Appalachian Regional Port (ARP) in Northwest Georgia.“The Appalachian Regional Port is a powerful new gateway to the Port of Savannah that extends the efficiencies of Georgia’s superior port operations to new markets,” Deal said. “It will also serve as an economic development magnet, drawing business and industry to the Southeast U.S.”Located in Murray County…
Hapag-Lloyd Adds 11,100 Reefer Containers
Hapag-Lloyd is investing in its container fleet and has ordered 11,100 state-of-the-art reefer containers. The new containers will be integrated to the company’s existing fleet of 91,000 reefer containers, with delivery gradually starting in August and to be finally completed by December 2018.Already today, Hapag-Lloyd has a significant footprint in the refrigerated container market and the company has continuously invested in new reefer equipment throughout the past years and also renewed a significant share of its fleet.Since 2015 alone and including the most recent order…
KNS, North Telecom Pact for Maritime Communications
Korean antenna manufacturer KNS has entered into a partnership agreement with Dubai-based satellite services provider North Telecom, under which the companies will offer each other mutual support in building market share in the maritime communications sector.NorthTelecom hopes to increase its footprint in the oil & gas, and maritime telecommunication sectors with the agreement,. The agreement gives KNS access to NorthTelecom's storage facilities for their antennnas at their warehousing facilities across the globe.
One Minato Shines Through Port of Yantian
Ocean Network Express East Asia (ONE EA) has celebrated the maiden voyage of the second of a series of seven 14,000 TEU-class magenta containership of the company, ONE MINATO at Yantian International Container Terminals Limited (YICT).Sailed under the flag of Japan, One Minato is a newly built 14,000 TEU-class containership which was delivered from Imabari Shipbuilding Co., Ltd. in Hiroshima, Japan on 24 July 2018.At 365.94 metres length and 51.2 metres width, the vessel deployed on THE Alliance’s Asia to North America East Coast trade (EC4 service)…
Merchant Navy Training Board achieves ISO Certification
The Merchant Navy Training Board (MNTB) has achieved ISO 9001:2015 certification, the international standard that specifies requirements for a quality management system.ISO 9001 certification helps organizations ensure they offer consistently high-quality services to the satisfaction of customers, management and employees. It also ensures the continuous improvement of the business.The certification coincides with the launch of the MNTB’s new Center Recognition service, which recognizes quality training centers in the U.K.
HHLA Completes Acquisition of Estonian Transiidikeskuse
Germany’s Hamburger Hafen und Logistik AG (HHLA) has completed the acquisition of Estonia’s largest terminal operator, Transiidikeskuse AS (TK). The last conditions that the sales contract dated 26 March 2018 was subject to were recently fulfilled, resulting in all shares in Transiidikeskuse AS being transferred to HHLA International GmbH. As a result, the transaction has now been completed. Chairwoman of HHLA’s Executive Board, Angela Titzrath, made this comment during a visit to the Estonian capital of Tallinn: “We’re delighted that the takeover has now been completed.
Aquaculture Firm Chooses Optimarin BWTS
DESS Aquaculture, a joint venture between Solstad Farstad and John Fredriksen’s Marine Harvest, has signed a contract to install Optimarin ballast water treatment (BWT) systems on its four newbuild 3,500m3 capacity wellboats.The agreement pushes the number of systems sold by Optimarin so far this year beyond the 50 mark, with recent orders also received from Besiktas Shipping, Eureka Shipping, Solvang, Koyo Kaiun and Ahrenkiel, among others.The four ships, two of which are due for delivery in 2019…
Hamburg Port Equips for Future
In the last business year, the high quality services provided by the Port of Hamburg’s operators has lead to a stable handling result comparable with the previous year. With the impending adjustment to the Elbe fairway, potential for growth will be enhanced. Through investments in infrastructure the Port of Hamburg counts among the cutting edge hubs on the international sea trades. At the same time, companies are driving change in the port with the development of digital business models.
Overslag Bedrijf Amsterdam Creates Space for New Operations
Terminal operator OBA (Overslag Bedrijf Amsterdam) will be clearing part of its coal-handling site this year in order to further diversify into other dry-bulk commodities. Its decision is prompted by the reduced demand for coal storage. This represents a key new step for Port of Amsterdam in its push towards sustainability, while the change is part of OBA’s strategy of becoming a multi-purpose terminal. OBA and Port of Amsterdam have expressed their joint intention to help advance the energy transition and have signed a Letter of Intent (LOI) to formalise this objective.
NYK, Oyak to Build Car Terminal in Turkey
Turkey’s Oyak Group - owner of the country’s biggest steel producer, Erdemir Group - is to invest in a car logistics terminal in Yarimca port near Istanbul in partnership with Japan’s Nippon Yusen Kaisha (NYK Line). According to a Reuters report, the investment will be $110 million. According to NYK press release, Süleyman Savaş Erdem, general manager of OYAK, and Koichi Chikaraishi, NYK representative director and senior managing corporate officer, were on hand for the signing ceremony held in Istanbul on April 5.
Vroon Reaches Restructuring Terms with Lenders
Vroon shipping group has reached an in principle agreement with all its lenders regarding the terms of its financial restructuring. The agreement, which is only subject to final documentation and credit committee confirmation, is an important step forward towards the finalisation of Vroon’s financial restructuring. The agreement marks the important step towards the final stage of a process initiated in late 2016 following continued challenges in shipping markets. Vroon is confident that the envisaged restructuring will provide generous runway to implement its strategic plans.