South America News

09 Sep 2019

Panama Canal Signs MoU with Rotterdam Port

Representatives from the Panama Canal and the Port of Rotterdam meet in Panama. Photo: Panama Canal Authority (ACP)

The Panama Canal and the Port of Rotterdam signed a Memorandum Understanding (MOU) to promote international trade between Europe and the West Coast of South America.Through this agreement, the two organizations will work closely to optimize operations while encouraging economic growth and the exchange of information on new business development opportunities, including logistics parks and port development projects."The Expanded Canal continues to reshape global trade routes today…

29 Aug 2019

USDA Releases Powerful Inland Waterways Study

File Image: WCI

WCI/NGFA Urge NESP Infrastructure Project to Move Forward.The National Grain and Feed Association (NGFA) and Waterways Council, Inc. (WCI) today commended the U.S. Department of Agriculture (USDA) for releasing a significant new study that quantifies the cost-savings and competitive advantages that would accrue from investing in long-delayed improvements to inland waterways locks and dams on the Upper Mississippi and Illinois River system.The study, entitled, Importance of Inland Waterways to U.S.

23 Aug 2019

Klaveness' CLEANBU Switch from Wet to Dry Cargo

MV Baru. Pic: Klaveness Combination Carriers

Norway-based shipowner Klaveness Combination Carriers (KCC) has undertaken a wet-dry cargo switch, marking a first for one of its CLEANBU combination carriers.The vessel transported a full cargo of petroleum products (CPP) from India to Argentina, said the global owner and operator of combination carriers.After discharging the CPP, she completed the cleaning and conversion from tanker mode to dry bulk mode, loaded a grain cargo and is now enroute back to Asia. Strong cleaning capabilities with cleaning result available for online inspection on new digital application.After discharging of CPP…

21 Aug 2019

Kalmar Upgrades EUROGATE Tanger

Image: Cargotec

Finnish manaufacturer of cargo-handling machinery Cargotec Oyj said that its subsidiary Kalmar has concluded an agreement with long-term customer EUROGATE Tanger in Morocco to upgrade the capabilities of four ZPMC ship-to-shore (STS) cranes.The order was booked in Cargotec's 2019 Q3 order intake, and the project is scheduled to commence in Q1 of 2020 and be completed in Q2 2021.The EUROGATE Tanger (EGT) container terminal is conveniently located on the Strait of Gibraltar in Morocco…

20 Aug 2019

First Production for Freeport LNG

Image: Freeport LNG

Freeport LNG has reached a new milestone - it has become the sixth major US liquefaction facility to start up, with the operator confirming that production had begun at the Texas facility."McDermott International along with its partners, Chiyoda International Corporation and Zachry Group, announced that Train 1 of the Freeport LNG project on Quintana Island in Freeport, Texas, has begun producing liquefied natural gas (LNG)," said a press release.The American multinational engineering…

16 Aug 2019

July: Earth's Hottest Month Ever Recorded

© Alexander/Adobe Stock

According to the latest monthly climate report from the U.S. National Oceanic and Atmospheric Administration (NOAA), July 2019 was hottest month on record for the planet and Polar sea ice melted to record lows.Much of the planet sweltered in unprecedented heat in July, as temperatures soared to new heights in the hottest month ever recorded. The record warmth also shrank Arctic and Antarctic sea ice to historic lows.The average global temperature in July was 1.71 degrees F above the 20th-century average of 60.4 degrees…

15 Aug 2019

US Patent Approval for Wave Energy

Jussi Åkerberg, Chief Technology Officer (CTO) of AW-Energy Oy (Photo: AW-Energy Oy)

AW-Energy Oy, a Finnish wave energy technology developer, received an “approval” for AW-Energy’s patent application from the United States Patent and Trademark Office (USPTO).The patent [PCT/050485] provides AW-Energy with broad IP protection of its latest generation WaveRoller device including a range of operating improvements made to the device’s system and infrastructure, particularly on fail safe operating improvements to protect against extreme weather conditions.“This is a significant and exciting decision by the USPTO…

14 Aug 2019

Kalmar in Service Contract with OPCSA

Image: Kalmar

Kalmar, the provider of the cargo handling solutions and services to ports, has concluded an agreement to supply comprehensive preventive and corrective maintenance services to Operaciones Portuarias Canarias S.A. (OPCSA) at their Las Palmas container terminal.The Cargotec subsidiary said in a press note that the order, which comprises a Kalmar Complete Care service contract covering the terminal's ship-to-shore (STS) and rubber-tyred gantry (RTG) cranes, was booked in Cargotec's 2019 Q3 order intake with the contract coming into effect at the start of Q1 2020.Established in 1986…

13 Aug 2019

Baltic Index at 2-week High on Capesize, Panamax Strength

AdobeStock / © Igor Strukov

The Baltic Exchange's main sea freight index climbed to a near two week high on Tuesday propelled by strong demand across capesize and panamax vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, gained 90 points, or 5.1%, to 1,864 points, a high since July 31.The capesize index added 188 points, or 5.8%, to 3,454 points, its highest in more than a week. Average daily earnings for capesizes, which typically transport 170,000 tonne-180,000 tonne cargoes such as iron ore and coal…

12 Aug 2019

PetroLogistics Contract Goes to McDermott

File Image: McDermott

Texas-based PetroLogistics II, a portfolio company of Quantum Energy Partners, has awarded McDermott International, Inc. a contract to provide front-end engineering design (FEED) services for a new U.S. Gulf Coast propane dehydrogenation (PDH) plant.Under the scope of the contract, McDermott will assist in the development of a PDH plant to be constructed on the U.S. Gulf Coast. The plant has a design basis of 500 KTA."McDermott is pleased to be working with PetroLogistics II in the development of a facility that will support the growth of propylene in the U.S.…

05 Aug 2019

HMM Takes Top Spot in Schedule Reliability

Graph Source: Global Liner Performance Report, Sea-Intelligence.

South Korea's Hyundai Merchant Marine (HMM) toped highest on-time performance among 15 global carriers in June.According to the ‘Global Liner Performance Report – July 2019’, issued by SeaIntelligence, HMM ranked the most reliable carrier in June 2019 with a score of 91.8 percent - improved 8.2 percent points compared to last month.HMM’s performance was also 8.3 percent points higher than global average of 83.5 percent.

05 Aug 2019

Investments in Exploration Drilling to Double

Image: Rystad Energy

Rystad Energy sees investments both in offshore and onshore exploration drilling doubling in the next five years, compared to the last five years. Conventional onshore demand will be driven by Asia, Africa and South America.Europe on the other hand, will be a hot spot for offshore exploration, led by investments on the Norwegian Continental Shelf, the energy research and business intelligence company said.In the past few years conventional exploration drilling has been on a rocky road…

02 Aug 2019

Seismic Solutions Market to Reach $890mln by 2024

Image: PGS

The global offshore oil and gas seismic equipment and acquisitions solutions market stood at around $660 million in 2018 and is forecast to grow at a CAGR of 5% to cross $890 million by 2024.According to a report by ResearchAndMarkets, the growth of global offshore oil and gas seismic equipment and acquisition solutions market is majorly attributable to rising investments in oil & gas exploration activities, stability in crude oil prices and an increasing number of strategic partnerships.Moreover…

31 Jul 2019

Weak Iron-Ore Demand Weighs on Baltic Index

AdobeStock / © Lucasz Z

The Baltic Exchange's main sea freight index fell for a seventh straight session on Wednesday, as demand for shipping iron-ore fell in the Atlantic.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 1.6%, or 31 points, to 1,868 points. The index has still more than tripled since February, mainly driven by strong demand for vessels that ship iron ore from Brazil into China."A step back was witnessed during this past week in freight levels, as activity seems to have slowed down on the key Brazil – China route," Allied Shipbroking said in a note.

26 Jul 2019

Coast Guard Offloads 13 Tons of Cocaine

Courtesy Photo
U.S. Coast Guard Pacific Area

The crew of the Coast Guard Cutter Steadfast (WMEC-632) is scheduled to offload more than 26,000 pounds of seized cocaine in San Diego Friday.The cocaine, worth an estimated $350 million, was seized in international waters of the Eastern Pacific Ocean. The contraband represents six suspected drug smuggling vessel interdictions and the recovery of floating cocaine bales by the crews of two Coast Guard cutters off the coasts of Mexico, Central and South America between late June and mid-July.Six of the interdictions were carried out by the Steadfast’s crew…

23 Jul 2019

Freeport LNG Reaches Milestone

Image: Freeport LNG

Freeport LNG has reached final commissioning on Train 1 of its liquefaction project on Quintana Island in Freeport, Texas, following months of construction delays.American multinational engineering firm McDermott International along with its partners, Chiyoda International Corporation and Zachry Group, announced that crews have introduced feed gas into Train 1 of the liquefied natural gas export terminal.When fully operational, Train 1 will produce more than 5M metric tons/year of LNG…

22 Jul 2019

Sanlorenzo Americas Names New CEO

Photo: Sanlorenzo Americas

Marco Segato has been appointed CEO of Sanlorenzo Americas, the division that has aided in the Italian superyacht-builder’s expansion in North, Central and South America for the last 10 years.The  Italian shipbuilding company company said that Marco Segato, formerly Vice President of Sales of Sanlorenzo Americas since 2014, held important positions in the field of strategic consulting and business development Having developed a great wealth of experience in the boating sector…

19 Jul 2019

McDermott Wins Pre-FEED Gig by YPF

Pic: McDermott

American multinational engineering company McDermott International announced it has been awarded a contract by Argentina-based YPF to provide pre-front-end engineering design (Pre-FEED) services for a five million tons per annum (MTPA) LNG Liquefaction Facility, with a potential expansion to 10 MTPA, at the Vaca Muerta Shale field in Argentina.The scope of work is a continuation of a previous conceptual study developed for the YPF LNG Export Facility in Argentina under a contract…

23 Jul 2019

FPSO Liza Destiny Sets Sail for Guyana

Liza Destiny (Photo: Guyana Department of Public Information)

The very first production vessel destined for operations offshore Guyana has departed Singapore en route to the ExxonMobil-operated Stabroek block off the northeastern coast of South America.The Liza Destiny floating, production, storage and offloading (FPSO) vessel is expected to arrive in September ahead of first oil planned in 2020.The FPSO, which was converted from a very large crude carrier (VLCC) at the Keppel Shipyard in Singapore, is designed to produce up to 120,000 barrels of oil per day…

14 Jul 2019

USCGC Munro's Record Cocaine Haul

Pic: USNI

The U.S. Coast Guard has released dramatic video of the moment it captured a drug smuggling vessel in the Eastern Pacific.U.S. Coast Guard Cutter Munro (WMSL-755) returned to San Diego from its maiden drug interdiction mission Thursday with a record 39,000 pounds of cocaine seized from smugglers in the Pacific Ocean.The cocaine and 933 pounds of marijuana were seized during 14 drug interdiction and disruptions off the coasts of Mexico, Central America and South America during the past three months. The drugs have a combined street value of $569 million, Coast Guard officials said.

12 Jul 2019

Kalmar Supplies Handlers to Shantou

Kalmar Essential Range Empty Container Handlers at the customer's site in China. Photo: Kalmar

Kalmar  has supplied Shantou China Merchants Port Group Co., Ltd. with eight Essential Range Empty Container Handlers.According to a press note from the Cargotec group unit, the handlers have been delivered respectively to Huagang Container Branch and Container Service Branch under Shantou China Merchants Port Group Co., Ltd.The order was booked in Cargotec's 2019 Q1 order intake, it said.China Merchants Port Holdings Co. Ltd., a world-leading port developer, investor and operator…

11 Jul 2019

First Hybrid Cruise Ship to be Named in Antarctica

Hurtigruten's new hybrid powered MS Roald Amundsen will be the first ship in history to be named in Antarctica. Photo: ESPEN MILLS/Hurtigruten

Hybrid powered expedition cruise ship MS Roald Amundsen continues to make history – as Hurtigruten has announced the first ever ship naming ceremony in Antarctica. Instead of the traditional bottle of champagne, MS Roald Amundsen’s explorer heritage will be honored by naming the vessel with a chunk of ice.The naming ceremony will take place this fall, as the first world’s first hybrid powered cruise ship makes her way to the white continent on her maiden Antarctica voyage."We…

03 Jul 2019

IMCA Names Andy Seymour as Board Member

Andy Seymour, Global Director Operational Excellence at Fugro NV joins IMCA Board. Photo: IMCA

The International Marine Contractors Association (IMCA) has added Andy Seymour, global director of operational excellence at Fugro NV in the Netherlands, to its governing board.Seymour has a technical background coupled with financial, commercial and management expertise. He  started his career at Fugro as a field surveyor progressing to shore based management positions including country manager and regional director.In 2018 he moved into a corporate role as deputy division director and in 2019 was appointed into his current roles as Global Director Operational Excellence.

Maritime Reporter Magazine Cover Aug 2019 - The Shipyard Edition

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.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News