South America News

10 Dec 2019

INSIGHTS: Sean Fernstrum, President, R.W. Fernstrum

Sean Fernstrum, President and a third-generation owner of R.W Fernstrum & Company

This month, listen in as Sean Fernstrum weighs in on how his firm arrived at its enviable market position, what comes next, and why.Sean Fernstrum is a third-generation owner of R.W Fernstrum & Company. He graduated from Michigan Technological University in 1990 with a Bachelor of Science degree in Scientific and Technical Communications. After college, he came home to Menominee, Michigan and began working as a Technical Writer at R.W. Fernstrum & Company. He has been President of the company for the last 8 years.

08 Dec 2019

Yang Ming Sets-up Shop in China

Image: Yang Ming

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has formed a new subsidiary with un-named partners in Shanghai named Huan Ming (Shanghai) International Shipping Agency.The subsidiary will begin operating on 1st January, 2020. Huan Ming will act as Yang Ming’s general agent in China. With the establishment of Huan Ming, Yang Ming is confident that its image will be further strengthened and the resources in China better integrated to reasonably reduce operating costs and improve operating efficiency.China accounts for a large share of Yang Ming’s total cargo volume.

13 Nov 2019

Product Tanker Freight Rates Rebounds

Pic: TORM

Product tanker freight rates softened in the third quarter of 2019 but rebounded strongly at the start of the fourth quarter following an increase in crude tanker rates that began after the attacks on Saudi Arabian oil facilities and accelerated dramatically to multi-year high levels at the end of September when the US imposed sanctions on two subsidiaries of China's COSCO Shipping.Denmark-based TORM said that growth in global demand for oil products generally remained subdued…

05 Nov 2019

SOLAS Training in S. America

Pic: International Maritime Organization (IMO)

International Maritime Organization (IMO)’s most important ship safety treaty – SOLAS – provides for safe merchant shipping, covering a wide variety of topics, from ship construction to fire protection, to life-saving appliances and cargo carriage.SOLAS generally applies only to ships above a certain size which make international voyages, but IMO’s efforts to improve ship safety go further – extending to so-called “non-SOLAS” vessels. These include fishing vessels, domestic ferries…

25 Nov 2019

IMO Backs Polar Waters Navigation Training

Pic: International Maritime Organization (IMO)

Well-trained seafarers are essential to safe ship navigation in Polar waters and International Maritime Organization (IMO)  has been playing its part with a training course for maritime instructors, underway in Valparaíso, Chile (18-22 November).The course is training participants from maritime training institutions in South America responsible for training seafarers – with a focus on IMO’s Polar Code. The code, when properly applied, is a powerful tool for safeguarding the environment…

08 Dec 2019

Offshore: OSV Market Report

Photo courtesy Ulstein Group/Marius Beck Dahle

The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.The fate of Offshore Service Vessels (OSVs) is, naturally, closely tied to the price of oil. Seacor Marine’s John Gellert, in reviewing its Q2 results, said: “Activity levels in the U.S.

30 Oct 2019

Changes to Volvo Penta Executive Group Announced

Ron Huibers, President Volvo Penta Americas

After 26 years with Volvo and 7 as President of Volvo Penta Americas, Ron Huibers has decided to retire from his current role and move to another role within Volvo Penta. Succeeding Ron will be Martin Bjuve, currently CFO and SVP Business Office Volvo Penta. Planned transition date will be January 1, 2020. Bjorn Ingemanson, President and CEO Volvo Penta, today announced that Ron Huibers, President Volvo Penta Americas, has decided to retire from his current role and take up a new role within the company. "The team, customers and industries we serve here have been exciting and rewarding.

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…

03 Nov 2019

WISTA Re-elects Theodosiou as President

Left to Right: Fabiana Simoes Martins, Sanjam Gupta, Alexandra Anagnostis, Despina Panayiotou Theodosiou, Connie Roozen, Angie Hartmann, Naa Densua Aryeetey. Photo: WISTA International

Women’s International Shipping and Trading Association (WISTA) announced that Despina Panayiotou Theodosiou (WISTA Cyprus), CEO of Tototheo Maritime, was re-elected to a second term as President.WISTA International elected Alexandra Anagnostis-Irons, President of Total Marine Solutions (WISTA USA) as Secretary, and Fabiana Simões Martins (WISTA Brazil), as Board Member, to the WISTA International Executive Committee at the 39th WISTA International Annual General Meeting on Grand Cayman on 30 October 2019.Naa Densua Aryeetey (WISTA Ghana)…

04 Nov 2019

IMO Organizes Training on SOLAS

Pic: International Maritime Organization (IMO)

International Maritime Organization (IMO) ’s most important ship safety treaty – SOLAS – provides for safe merchant shipping, covering a wide variety of topics, from ship construction to fire protection, to life-saving appliances and cargo carriage.According to the UN body, SOLAS generally applies only to ships above a certain size which make international voyages, but IMO’s efforts to improve ship safety go further – extending to so-called “non-SOLAS” vessels. These include fishing vessels…

09 Oct 2019

Panama Canal Reports Record FY 2019 Tonnage

File Image: Panama Canal (Credit AdobeStock / © evenfh

The Panama Canal has closed the 2019 fiscal year (FY19) with a record tonnage of 469 million Panama Canal tons (PC/UMS), a 6.2 percent increase compared to FY2018.With this figure, the waterway exceeds the 450.7 million PC/UMS tons projection for FY2019, as well as the record tonnage of 442 million PC/UMS tons registered in the previous fiscal year. These record-setting results reflect the Canal workforce's commitment to efficiency and ongoing investments in infrastructure, which will allow the waterway to meet the growing demand and offer a reliable and safe service to customers.

13 Oct 2019

Workshop on Safe Handling Dangerous Goods

Pic:  International Maritime Organization (IMO)

A  variety of important measures must be applied to transport dangerous goods in packaged form and solid bulk by ship safely, says  International Maritime Organization (IMO).According to the UN body, these include correct identification, classification, packaging, labelling, handling, storage, loading, stowage, unloading and transport.These measures are covered by IMO’s International Maritime Dangerous Goods Code (IMDG) and the International Maritime Solid Bulk Cargo Code (IMSBC) – the subject of an IMO training workshop underway in San José…

15 Oct 2019

Small Scale FSRU: Think Smarter Not Bigger

© dmplot/Shutterstock

The global search for lower carbon forms of energy and demand for cost-effective ways to serve power demand in emerging markets and remote locations is driving interest in floating storage and regasification units (FSRU).FSRUs are a faster and more flexible way to import natural gas to power-constrained places, so demand for the units is increasing and the business case for owning them is growing stronger.Their model for supplying energy and transport fuel is historically well proven: they offer faster development timelines and lower initial capital costs compared to onshore regasification…

15 Oct 2019

OP/ED: Farm Facts

AdobeStock / © Igor Strukov

USDA Study Underscores Value of Inland Waterways to U.S. Agriculture.On August 28, U.S. Secretary of Agriculture Sonny Perdue and Assistant Secretary of the Army (ASA) for Civil Works R.D. James toured Mel Price Locks and Dam in Alton, Illinois, and held a Town Hall Meeting to discuss the importance of the waterways,  agriculture and the U.S. economy. At the event, Secretary Perdue briefed agricultural and waterways stakeholders on a newly released study – Importance of Inland Waterways to U.S. Agriculture – from the U.S.

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…

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.

17 Sep 2019

First Hybrid Cruise Ship Sails Northwest Passage

MS Roald Amundsen. Photo: Hurtigruten

Norwegian cruise, ferry and cargo operator Hurtigruten announced that its new expedition cruise ship MS Roald Amundsen became the first battery-hybrid powered ship to ever traverse the legendary Northwest Passage last week.As MS Roald Amundsen arrived in Nome, Alaska on September 10, 2019, Captain Kai Albrigtsen made a monumental entry in the ship’s logbook: The first complete crossing of the more than 3,000 nautical miles passage from the Atlantic to the Pacific, by hybrid propulsion.“Every expedition cruise with Hurtigruten is unique…

07 Oct 2019

Deepwater Port Posorja 1st Phase Opened

Photo: DP World

The $538 million first phase of the new Deepwater Port of Posorja in Ecuador by global trade enabler, DP World, is now completed and successfully operational.The overall $1.2 billion project will replicate Dubai's Jebel Ali Port and freezone, making Ecuador a trade and logistics hub for South America's west coast, and opening a gateway for large container ships with capacities exceeding 10,000 TEUs.Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, visited the facility to assess progress of the project, which is one of the largest international investments in Ecuador.

18 Sep 2019

SAAM Towage Contracts Damen for Tug Vessel

Artist Impression (Photo: Damen)

In August 2019 Damen Shipyards Group signed a contract with SAAM Towage for the delivery of an ASD Tug 2813 to SAAM Mexico for operations in the port of Veracruz. This order is the latest milestone in a business relationship spanning several decades and involving numerous vessels.Due to an existing relationship built on previous shared success, SAAM Towage approached Damen sales manager Ezequiel Najmias with a possible order. Ezequiel used the opportunity to invite SAAM Towage representatives to visit the Damen Song Cam Shipyard in Vietnam.

08 Oct 2019

Dachser Opens Argentina, Chile Offices

From left: Guido Gries, Managing Director DACHSER Americas and 
Frank Habermann, Managing Director of DACHSER Chile
(Photo: Dachser)

Due to the continuous growth of its South American operations, global logistics provider Dachser recently relocated both its Buenos Aires, Argentina regional office as well as its Santiago, Chile regional office to larger facilities.“The business in both Argentina and Chile is expanding and we simply outgrew our offices in these countries. We needed more employees, equipment and space to properly handle the business we have today as well as prepare for the growth we anticipate in these markets,” said Guido Gries, Managing Director Dachser Americas.

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…

20 Sep 2019

Saudi Attacks, High Demand Leaves U.S. Short on Oil Tankers

© Carabay / Adobe Stock

A disruption in global oil flows following attacks on Saudi Arabian facilities has left U.S. crude exporters without enough tankers to cover rising demand for cargoes, traders and shipping sources said.Missile attacks last Saturday temporarily cut Saudi oil production by more than 5 million barrels per day, or about half the country's output.That set off a scramble for alternative cargoes of crude, particularly in the United States, which lined up available tankers sailing from the Mediterranean, West Africa and continental Europe to pick up cargoes.

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…

Maritime Reporter Magazine Cover Dec 2019 - Great Ships of 2019

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.

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