Big Four Maintaining Their Share
In the cruise industry, it is widely acknowledged that four main shipyards are competing for the majority of all new cruise ship orders. In its latest publication, GUIDE 01, ShipPax Information of Sweden has compiled figures to illustrate the situation in a market report. According to the outcome, the dominance tends to be strengthened if anything. The four shipyards are Kvaerner Masa-Yards, Meyer Werft, Chantiers de l'Atlantique and Fincantieri. Between them, they delivered 22,630 lower berths on new cruise ships last year. Other yards contributed with 1,968. The "Big Four" had a market share of 92percent of the capacity delivered. In the early 80s and earlier, all cruise ship deliveries came from different yards, albeit the total capacity at that time was not impressive.
Wholesale Port Sell-Off Not An Option
South Africa said it would not go for the wholesale sell-off of ports as they were regarded as strategic assets. Public Enterprises Minister Jeff Radebe said that the government had developed a ports policy to be released early next year. "Government does not envisage a wholesale privatization of ports. Instead, private operators will have a role in South African parts by way of concessions and public-private partnerships," said Radebe. South Africa has embarked on a process to accelerate the restructuring and partial privatization of state-owned assets -- focusing on defense group Denel, transport parastatal Transnet, telecommunications group Telkom and power utility Eskom.
Ellicott Dredges Receives Four Awards
Ellicott Dredges, LLC-a unit of Ellicott Dredge Enterprises, LLC-and its management have recently received multiple awards from international and national organizations for its technical innovations, leadership in the dredging industry, organizational growth, and community contributions. Ernst & Young, one of the "Big Four" accounting firms, has announced that Ellicott Dredges' President Peter Bowe is the recipient of its 2009 "Entrepreneur of the Year" award for Maryland in the manufacturing category. An independent panel of seven judges selected Bowe from the nominee pool.
Container Terminal Operators 2012 League Table & Forecast
Measured by equity TEU, there is no change in the order & ranking of the top five international container terminal operators. PSA (Port of Singapore Authority) was again the leading operator in terms of equity TEU ahead of Hutchison (HPH), but by a much reduced margin following the divestment by PSA of its interests in HPH’s Hong Kong terminals. There is now a difference of only just over 4 million TEU in Drewry’s assessment of PSA and HPH’s equity TEU throughput. DP World and APM Terminals are closely matched in third and fourth spots whilst the COSCO Group’s throughput remains somewhat less than that of the top 4 players. The big four global operators collectively accounted for 26.5% of world container port throughput…
U.S. Port Appoints Bob DeAngelis as CFO
The Port of San Diego appoints Robert "Bob" DeAngelis as Chief Financial Officer/Treasurer with immediate effect. DeAngelis will begin his new role immediately, overseeing Financial Services and Accounting as well as the Port's Business and Information Technology Services. He succeeds Jeff McEntee, who is retiring in May after 25 years of stellar service with the Port of San Diego, having held the CFO/Treasurer role since 2001. The Port conducted a nationwide search for this key position and considered a highly qualified pool of applicants before making this appointment.
ICBC Signs Financing Deal with F.Laeisz
The Industrial and Commercial Bank of China (ICBC) has signed a financing agreement with Germany shipping company F.Laeisz GmbH. Under the agreement, the ICBC will provide 65 million U.S. dollars in export buyer's credit for F.Laeisz GmbH's project of upgrading two vehicle ro-ro ships at COSCO Shipyard in Dalian. This is another financing deal the ICBC signed with a Germany shipping company after it agreed to provide financing support for Peter Dohle last month. An executive at…
Port Hedland May Clear Ships as Storm Builds off Australia
Giant iron ore port may close as Australian storm builds. Vessels may be cleared from Australia's Port Hedland, the world's biggest iron ore export terminal, as early as Thursday as a safety precaution because of a tropical storm, port manager Pilbara Ports Authority said on Wednesday. The authority said Port Hedland may start clearing vessels on Thursday morning if the tropical low builds overnight into a cyclone off the Western Australia coastline. Port Hedland is used by three of Australia's top four iron ore miners - BHP,, Fortescue Metals Group and Gina Rinehart's Hancock Prospecting.
Global Terminal Operators Remain Dynamic
Drewry Maritime Research’s latest Annual Review of Global Container Terminal Operators report shows that whilst some things have remained the same, others have changed significantly with more change to come. Measured by equity teu, there is no change in the order and ranking of the top five operators. PSA was again the leading operator in terms of equity teu ahead of Hutchison (HPH), but by a much reduced margin following the divestment by PSA of its interests in HPH’s Hong Kong terminals. There is now a difference of only just over 4 million teu in Drewry’s assessment of PSA and HPH’s equity teu throughput. DP World and APM Terminals are closely matched in third and fourth spots whilst the COSCO Group’s throughput remains somewhat less than that of the top 4 players.
Asia Dry Bulk-Capesize Rates Under Pressure
Capesize rates fall in a quiet market as holidays weigh; 20 charter-free capesize ships could add to downward trend. Freight rates for large capesize dry cargo ships on key Asian routes are set to drift lower next week unless there is an uptick in chartering activity from major miners, ship brokers said on Thursday. "Unless there is a rush (by charterers) to the market to fix cargoes, we will not see any positive signs," a Shanghai-based capesize ship broker said on Thursday. "I think rates can fall further - maybe 25 U.S.
Port Hedland to Reopen as Cyclone Fades
Australia's Port Hedland iron ore terminal will likely reopen on Saturday after Australia's weather bureau cut the forecast strength of a cyclone bearing down on the continent's far northwest, the port's operator said on Friday. Cyclone Joyce, a Category 1 storm, is holding just off the beaches of Pilbara iron ore belt, prompting the overnight closure of the world's biggest iron ore export terminal, 1,700 km (1,050 miles) north of Perth, as a safety precaution. Shipping operations are expected to resume at 6 a.m. Saturday (2200 GMT Friday) should weather conditions improve.
India's Oil Imports Surged in 2017
India's oil imports rose by about 1.8 percent in 2017 to a record 4.37 million barrels per day (bpd) as the country boosted purchases to feed its expanded refining capacity, ship-tracking data obtained from sources and data compiled by Thomson Reuters Oil Research & Forecasts showed. To meet its growing fuel demand India, the world's third-biggest oil consumer, raised its refining capacity in the second half of 2017. India's capacity expansion to about 5 million bpd was aided by Reliance Industries…
Banks Won't Fund Coal Port Expansion near Reef
Germany's largest bank, Deutsche Bank AG, has declared it will not finance a controversial coal port expansion in Australia near the Great Barrier Reef, responding to calls from environmental groups and tourism operators. HSBC, Europe's biggest bank, also signalled on Friday it would be unlikely to finance the project. Deutsche Bank's stand marks a win for those opposed to $26 billion worth of coal projects that plan to use the Abbot Point port, already facing delays due to weak coal prices. But one company involved said the bank's position made no difference. "This doesn't impact our proposed projects in any way," Indian firm GVK Hancock spokesman Josh Euler said.
China to top Japan as World's Biggest LNG Importer
Pollution fight drives surge in pipeline, LNG imports but Japan remains world's biggest importer of LNG. Beijing's crackdown on pollution has put China on track to overtake Japan this year as the world's biggest importer of natural gas, used to replace dirtier coal. China - already the biggest importer of oil and coal - is the world's third biggest user of natural gas behind the United States and Russia, but has to import around 40 percent of its total needs as domestic production can't keep up with demand.
USS Enterprise Flight Deck Gets Face Lift
Nicholas C. USS Enterprise (CVN 65) (Big E) is currently undergoing one of its most visible rehabilitation efforts during its current extended yard period at the Northrop Grumman Shipyards in Newport News, Va. The crew, as well as civilian contractors, teamed up in September to give Big E's flight deck a face lift. From installing new catapults to completely refacing the surface of the deck with non-skid, which began March 13, the crew is working diligently to complete the evolution. “Non-skid is a non-slipping material that will assure planes won’t slip on the flight deck when they land or take off,” said Aviation Boatswain's Mate (Handler) (ABH) 1st Class (AW/SW) Hector M. Arroyo, Crash and Salvage leading petty officer.
Tanker Operators To Join Forces
Norwegian tanker operator Iver Ships will join forces with Japan's Mitsui O.S.K Lines to form the second biggest clean tanker alliance in the Asia Pacific region. Iver said the two companies would merge their medium-range (MR) tanker fleets over the next six months to form a pool of 12 45,000 tonners. "Our customers -- the oil majors and petrochemical companies -- are globalizing to form bigger units, and they're looking to concentrate on a few service providers capable of doing a bigger part of the job," Iver CEO Hans Jorgen Firing said. "That's why we decided to become a bigger player in this market... so we could be one of the chosen few," he said. The fleet will operate anywhere between the Mideast Gulf and the U.S. West Coast.
Navios Maritime Containers Acquires Boxship
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced that it has acquired the Navios Felicitas, a 2010-built, 4,360 TEU containership for a purchase price of USD 11.45 million. The vessel was delivered to Navios Containers’ fleet in December 2017. Navios Containers financed the acquisition of the vessel with cash on its balance sheet and $6.0 million of bank debt under one of its existing credit facilities. Following this acquisition, Navios Containers controls 21 vessels, totaling 88,820 TEU.
Seoul Shares Biggest Daily Loss in 4 Months
According to a Reuters report, Seoul shares fell 3.5 percent on July 13, their biggest daily percentage loss in more than four months, amid renewed U.S. financial and earnings worries, while North Korea-related news added pressure. The Korea Composite Stock Price Index (KOSPI) finished down 3.53 percent at 1,378.12 points, its biggest daily percentage decline since a 4.16 pct fall on March 2. (Source: Reuters)
Job Losses Feared with Drilling Stopped
According to a June 7 report from NPR, many people — from work boat captains to offshore caterers — say shutting down the industry for that long could be a bigger economic blow to the region than the oil spill itself. There's no doubt that the oil and gas industry is the biggest player in Louisiana's economy. It accounts for about 16 percent of the state's GDP, according to the Tulane University Energy Institute. Fishing accounts for one percent, and tourism four percent. (Source: National Public Radio)
Maersk, IBM to Launch Blockchain Joint Venture
The world’s largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars. The global shipping 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. Success of the platform, which will be made available to the ocean shipping industry around mid-2018, depends on whether Maersk and IBM can convince shippers…
CMA CGM Enters Agreements with CSCL, UASC
The CMA CGM Group announced the signature of three major agreements on the biggest worldwide maritime trades with China Shipping Container Lines (CSCL) and United Arab Shipping Company (UASC). Under the name of Ocean Three, the agreements; which include a combination of vessel sharings, slot exchanges and slot charters; concern the following maritime trades: Asia-Europe, Asia-Mediterranean, Transpacific and Asia-United States East Coast. On the Asia-US East Coast trade: one service via the Suez Canal and one service dedicated to the Gulf of Mexico. The agreements on the Transatlantic trade are being finalized and will soon be announced. This new offering will combine both speed and reliability.
Sunken Vessel Discharging Oil in West Virginia
Towboat Gate City has sunk and is reportedly discharging oil near mile marker 8 on the Big Sandy River near Butler, W.Va. The vessel is discharging oil into the river “with a maximum potential of 5,000 gallons,” according to the U.S. Coast Guard, who said it received a report that the vessel had sunk at its mooring Wednesday morning. A Coast Guard pollution response team arrived on scene and is working with the oil spill response organization Weavertown to deploy boom and contain the oil and begin cleanup operations.
Vessels: Big Cat Express: A Very Fast Sea Trial
It's 8:30 a.m. as the Big Cat Express saddles up to the dock at the Port of Morgan City, La. It is Sea Trial day for the big quad engine catamaran ferry. No question she is waterjet powered as the tops of the blue "buckets" of the four Hamilton Jet 651's break the surface of the water at the stern. Just above the buckets are the exhausts, large four stainless steel pipes that curve downward toward the water. About 25 pickup trucks and my Ford Taurus wait the arrival of the 150-ft. by 34-ft. vessel. Painted gleaming white, the three-deck vessel looks like it was built for speed. Today we will find out just how fast it can travel. Emerging from the vehicles were several executives from Gulf Craft, Inc.
Chinese Shippers Order for 30 Valemax Vessels
The Chinese shipping companies - Chinese shipping majors Cosco Group, China Merchants Group and ICBC Financial Leasing Co- ordered 30 Valemaxes worth a combined $2.5 billion for delivery starting from 2018, deployed on Brazil-China trade routes, reports WSJ. The vessels will bosst the trade between China and Brazil and also will invest billions of dollars into delaying shipbuilding industry in the country. The vessel will be employed on Brazil-China trade routes, boosting the import of Vale iron ore in China.