South America News

17 Feb 2019

Epic Gas Bullish on LPG Carriers Market

Pic: Epic Gas

Global seaborne liquefied petroleum gas (LPG) volume is expected to grow by over 6% in 2019 and surpass 100 million tonnes for the first time.Singapore based provider of pressurised LPG vessels, Epic Gas said that it is well positioned to benefit from the improving fundamentals of the LPG shipping market.For the fourth quarter of 2018, freight levels for most sizes in the pressurised sector were similar to the stronger levels seen in the third quarter. Rates for the 3,500cbm, 5…

07 Feb 2019

Satcom Services by Telespazio, Grimaldi

Image: Telespazio a Leonardo/Thales Company

European spaceflight services company Telespazio and the shipping company Grimaldi Group have recently signed two contracts to strengthen the satellite communications capabilities of the Neapolitan shipping group on its fleet of cargo and passenger ships.Telespazio, a joint venture between Leonardo and Thales, said in a press release that the first agreement provides for managing on-board communications for RO/RO, RO/RO multi-purpose and PCTC (Pure Car & Truck Carrier) vessels in the Grimaldi Fleet that operate between Northern Europe…

06 Feb 2019

Interferry Confirms Future Conference Locations

 Mike Corrigan  (Photo: Interferry)

Interferry has confirmed locations for the 2021 and 2022 editions of its industry-leading annual conference – held every October - in the latest initiative to extend its reach as the only organization representing the worldwide ferry industry. The global trade association’s 46th annual conference will take place in Santander, Spain, followed in 2022 by a twin-venue event in Marrakesh and Tangier, Morocco, which will mark a first for Interferry on the African continent. Multi-award winner Brittany Ferries will host the Santander conference.

05 Feb 2019

USCG Offloads 34,780 Pounds of Cocaine

Photo by Petty Officer 3rd Class Brandon Murray 
U.S. Coast Guard District 7

The crew of the Coast Guard Cutter Forward (WMEC-911) offloaded approximately 34,780 pounds of cocaine Tuesday in Port Everglades worth an estimated $466 million wholesale seized in international waters in the Eastern Pacific Ocean.The drugs were interdicted off the coasts of Mexico, Central and South America and represent 21 separate, suspected drug smuggling vessel interdictions by the U.S. Coast Guard:The cutter Forward was responsible for eight cases seizing an estimated 14…

28 Jan 2019

Cruise Shipping: 'Green Cruising' with Hurtigruten

Hurtigruten has plans for cruises to a wide range of new destinations, including the Norway Fjords, Svalbard, Russia, South America and Antarctica. Photo: Hurtigruten

Hurtigruten orders third hybrid-powered expedition cruise shipGrowth in the global cruise sector continues, as Hurtigruten, the world’s largest expedition cruise operator, signed an MOU with shipbuilder Kleven Verft AS for the construction of a third hybrid-powered expedition cruise ship. Tom Mulligan, Maritime Reporter’s Science & Technology writer, reports from Norway.“We are thrilled to introduce yet another revolutionary hybrid-powered expedition ship,” enthused Hurtigruten’s CEO, Daniel Skjeldam.

24 Jan 2019

Cosco Shipping Buys 60% Stake Peru's Chancay Terminal

Pic: Cosco Shipping

Global ports operator Cosco Shipping Ports acquiring 60% stake in Terminales Portuarios Chancay (Chancay Terminal) from Volcan Compañía Minera for a total consideration of US$225million.Zhang Wei, Vice Chairman and Managing Director of Cosco Shipping Ports and  José Picasso, Chairman of Volcan signed the agreement on behalf of the two parties.The ceremony was witnessed by Mercedes Aráoz, Vice President of Peru,  Xiao Yaqing, Chairman of State-owned Asset Supervision and Administration Commission of the State Council…

23 Jan 2019

North Sea Port Receives the First Ship Balao

Pic: Verbrugge Terminals

The ship Balao docked at Verbrugge Terminals in Vlissingen, in North Sea Port, carrying a cargo of fruit. This was the first ship to arrive as part of this logistical service provider's first permanent intercontinental shipping line.The ship was carrying fruit such as bananas and pineapple, among other things. In this line, goods will be loaded in Cartagena and Santa Marta, Colombia and in Puerto Limón, Costa Rica. From South America, the ships will then sail to the European ports of London…

21 Jan 2019

Newcastle Port Becomes First EcoPort in Australasia

Pic: Port of Newcastle

Port of Newcastle has become the first port in Australia or New Zealand to commit to meeting global environmental and sustainability standards as set by EcoPorts.The port was this month granted membership of the International EcoPorts network, having completed rigorous assessments to benchmark its environmental and sustainability practices against 120 major ports across Europe, Asia, North America and South America.Developed in 1997, EcoPorts remains the only Environmental Management…

20 Jan 2019

Oldendorff Sells Three Vessels in in CSL Pool to Algoma

Pic: Oldendorff

The dry bulk operator Oldendorff Carriers sold the three remaining self-unloaders still operating in the CSL Pool for US$100.5 million to Algoma Central Corporation.CSL International Pool is a partnership between Oldendorff Carriers, Marbulk Shipping Inc. and Algoma Shipping Inc.The vessels -Sophie Oldendorff (70,037 tdw built 2000), Harmen Oldendorff (66,188 tdw built 2005) & Alice Oldendorff (50,259 tdw built 2000) -  are expected to deliver to Algoma around the middle of 2019.All…

15 Jan 2019

Taiwan's Evergreen Opens Four New Offices in Latin America

File Image: Evergreen Marine Corp

Taiwanese container transportation and shipping company  Evergreen Marine Corp. is expanding its operations into Central and South America this year following the recent opening of four new agency offices in the region."In view of the growth potential in Latin American trade, Evergreen Line is continuing to establish its own offices at main service locations in the region. The move will strengthen the effectiveness of the line’s operations, improve its capability to react to market opportunities…

14 Jan 2019

DP World Acquires Chilean Ports

Image: DP World

Dubai-based port operator DP World says it will buy a 71.3 percent stake in Chile's Puertos y Logistica SA, taking control of two key port terminals in the South American state.According to a filing on Nasdaq Dubai, where the state-owned port operator is listed, the group bought the 71.3% stake from Minera Valparaiso and other shareholders associated with Chilean conglomerate, the Matte Group.The statement quoted DP World Group chairman and CEO Sultan Ahmed bin Sulayem as saying…

10 Jan 2019

UPM to Invest in Montevideo Port Terminal

Pic: Port of Montevideo

Finish forest company UPM is taking part in the international public tendering process in the port of Montevideo organized by the National Ports Administration (ANP) of Uruguay.The scope of the concession tender is the building and operation of a port terminal specialized in the storage and shipping of pulp, chemicals and other inputs related to pulp production with a capacity to handle approximately 2 million tonnes of pulp annually. The tender includes the design, financing, engineering, construction, operation and maintenance of the pulp terminal.

03 Jan 2019

Imabari Confirms Newbuilding Order for 12 Container Carriers from Evergreen

Anchor Chang / Chairman of Evergreen Line & Yukito Higaki/President of Imabari. Image: Imabari Shipbuilding

Japanese ship building marine engineering and service company Imabari Shipbuilding, with the cooperation of Marubeni Corporation,has secured a newbuilding order of twelve units of 11,000TEU Container Carriers for Evergreen Line, Taiwan.Having dimensions of about 334m in length with about 48.4m breadth service speed in about 23 knots, loading capacity is over 11,000TEU, said a press release."Like our other Ultra large-size containers with track record, this Vessel is adopted with eco-friendly hull form design and Twin-Islander enhancing more loading capacity to compare with our former design…

21 Dec 2018

FSRU Suppliers Shift from Emerging Markets, Cut Back New Orders

Photo courtesy of Hoegh LNG

Political instability and low credit ratings in emerging economies are putting some shipowners off ordering new floating storage and regasification units (FSRUs), as they shift focus to more mature gas markets.Liquefied natural gas (LNG) demand from emerging markets in Asia, Africa and South America was expected to be boosted by FSRU technologies that are less expensive and time-consuming than onshore import terminals.But a boom in speculative FSRU orders from shipowners led to an oversupply of units this year as import projects across the world were delayed or cancelled…

11 Dec 2018

Amerisur Resources Hits Oil at Indico Well in Colombia

 Image: Amerisur Resources

UK-based independent full-cycle oil and gas company confirmed that Indico-1 well in Colombia reached target depth of 10,604 feet and encountered the Lower Sands of the Une formation.The South America focused oil and gas producer, which owns 30% non-operated working interest in the Indico-1 well, said the Lower Sands package is the same formation which holds the 120 feet oil column discovered at nearby Mariposa, which lies some 6.5 kilometres to the North West of Indico-1.The Mariposa well has produced at a stable rate of approximately 3…

07 Jan 2019

PGS Updates on Seismic Acquisition Contract in South America

Ramform Atlas. Image: PGS

Norwegian seismic player Petroleum Geo-Services ASA (PGS) updated on changes of the contract for the 3D survey in South America announced November 14, 2018.The vessels Ramform Atlas and Ramform Tethys mobilized early December 2018 for this survey. The contract had an estimated total duration of approximately 13 vessel months and an estimated value in excess of $75 million, the marine geophysical company said.Due to unresolved issues affecting the survey, both vessels have been on paid standby from December 23…

07 Jan 2019

Gulftainer Names Fred Castonguay New Group CEO

Fred Castonguay. Photo: Gulftainer

UAE-based privately-owned port operator Gulftainer has appointed Fred Castonguay its new group chief operating officer to strengthen its growing ports and logistics portfolio globally.Castonguay previously served as the vice president of Operations at Ports America Group and as president and COO for Ports America Outer Harbour in Oakland, California.Peter Richards, Group Chief Executive Officer at Gulftainer, said: “We are pleased to welcome Fred Castonguay on board as Group Chief Operating Officer of Gulftainer.

12 Dec 2018

McDermott Awarded Contract for CB&I Storage Tanks

Image: McDermott

McDermott International, the fully integrated provider of technology, engineering and construction solutions to the energy industry, announced a contract award for CB&I storage tanks from Nan Ya Plastics Corporation.McDermott's scope of work includes the engineering, procurement, fabrication and construction of four internally framed stainless-steel umbrella roof tanks in Point Comfort, Texas.

03 Jan 2019

Contecon Guayaquil is LatAm's First Carbon-Neutral Port

From left to right: Gustavo Manrique, President of Sambito and Evelyn Montalván, Guayas Provincial Director of the Ministry of the Environment hands over the plaque of recognition to José Antonio Contreras, chief executive officer of Contecon Guayaquil as the first carbon-neutral port in the whole of Ecuador and Latin America. Photo: ICTSI

Contecon Guayaquil SA (CGSA) became the first port in South America to obtain a carbon-neutral certification, with the Ecuador Ministry of Environment and environmental ratings agency, Sambito SA, recognizing the company’s strong and priority commitment to the environment.According to ICTSI, the operator of the Port, the certification marking CGSA’s compliance to ISO 14064-1 standards lauds the company’s policies that are directed and translated towards greater sustainability initiatives…

03 Jan 2019

Turkey Ban Hits Wellard's Ship Charter

Image: Wellard

Australia's largest live animal exporter, Wellard, is closely watching reports that Turkey has halted imports of live cattle.Turkey last week unexpectedly revealed that it has halted imports of live feeder cattle from all countries.Wellard informed the local stock exchange that  that it has received preliminary reports that the Turkish Government has imposed a halt on the import of live feeder cattle into Turkey from all countries."At present, it is not clear how long the halt may last. News reports indicate that the halt may be temporary.

06 Jan 2019

EMGS Vessel Utilisation Stands at 32% in 4Q

Image: Electromagnetic Geoservices

Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) said that its vessel utilisation for the fourth quarter 2018 was 32% compared with 13% for the fourth quarter in 2017.For the full year 2018, the vessel utilisation was 33%, whereas the utilisation for the full year 2017 was 56%, it said.In the fourth quarter of 2018, the Company's vessels were allocated 32% to proprietary work and no time was spent on multi-client projects. In the comparable quarter of 2017…

03 Dec 2018

Iran Navy Launches Stealth Warship in the Gulf

Iran's navy on Saturday launched a domestically made destroyer, which state media said has radar-evading stealth properties, as tensions rise with arch-enemy, the United States.In a ceremony carried live on state television, the Sahand destroyer -- which can sustain voyages lasting five months without resupply -- joined Iran's regular navy at a base in Bandar Abbas on the Gulf.The Sahand has a flight deck for helicopters, torpedo launchers, anti-aircraft and anti-ship guns, surface-to-surface and surface-to-air missiles and electronic warfare capabilities, state television reported.U.S. President Donald Trump pulled out of an international agreement on Iran's nuclear programme in May and reimposed sanctions on Tehran.

17 Dec 2018

Shipbuilding: Hurtigruten Hybrid Construction Forges Ahead

The first of Hurtigruten’s new hybrid powered expedition cruise vessels, the MS Roald Amundsen, under construction at the Kleven Yard in Ulsteinvik, Norway: delivery is expected in May 2019. (Photo: Tom Mulligan)

Norwegian company Hurtigruten, the world’s largest expedition cruise operator, is continuing to push the boundaries when it comes to green travel with its order for three hybrid-powered vessels nearing completion, the first ship being due for delivery in May 2019.Two of these revolutionary ships are currently under construction at the Kleven Yard in Ulsteinvik, Norway, the MS Roald Amundsen and its sister ship, the MS Fritjof Nansen, both of which are custom-designed to cope with some of the most extreme conditions seen on our planet, each having a specially-designed, ice-strengthened hull.

Maritime Reporter Magazine Cover Feb 2019 - Ferry Builders

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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