Marine Link
Wednesday, November 14, 2018

Transport News

Hong Kong, Taiwan to Meet Chinese ECA Requirements

Pic: Gard

While all eyes are on 2020 and the introduction of the IMO’s global sulphur cap, Hong Kong and Taiwan are aligning their emission regulations with the Chinese Emission Control Area (ECA) requirements and will implement a local 0.50% sulphur cap from 1 January 2019, said Gard.A release from the maritime insurer said that the IMO Marine Environment Protection Committee’s 73rd session (MEPC73) has just ended, and with it, so did all speculations about a potential delay of the global 0.50% sulphur cap.

Contship Expands Intermodal Service

Contship gateway terminal in La Spezia. Photo: Contship

Contship Italia Group has been pulling all the stops to increase its intermodal offering during the past months.Italy’s leading service provider for integrated global supply chains said that its Rail Hub Milano (RHM) and its gateway ports La Spezia and Ravenna serve as backbone of the Group’s growing intermodal network.La Spezia is geographically located within a range of 320 km from the key economic regions in Italy, accounting for over 47% of the total Italian GDP. RHM is located in Melzo, just outside the city of Milan at the heart of consumer and industrial regions.

QTerminals Reaches 2mln TEUs Milestone

Pic: Ministry of Transport and Communications, Doha, Qatar

QTerminals, the recently-established operator of the first phase of Hamad Port in Qatar, has reached 2mn TEUs (twenty-foot equivalent units) and 5mn tonnes of general cargo at the end of October this year, thus tripling the levels since the beginning of the unjust diplomatic and trade embargo in June 2017 by the Saudi-led quartet."This remarkable feat was achieved in record time with operations at Hamad Port only starting as recently as October 2016.," said a release from the…

ICS Chairman Warns on Global Trade War

ICS Chairman Esben Poulsson. File Photo: International Chamber of Shipping (ICS)

International Chamber of Shipping (ISC) Chairman Esben Poulsson has warned of the threats facing the global economy as US trade sanctions against China and other countries risk damaging long-term development.Speaking on behalf of the global trade association for ship owners in Tokyo on 13 November, Poulsson said that the shipping industry had little power to change the geopolitical and trade policies pursued by governments.Esben Poulsson, highlighted serious concerns about the…

Austal USA Christens USNS Puerto Rico

Photo: Austal USA

Austal celebrated the christening of Expeditionary Fast Transport (EPF) the future USNS Puerto Rico (EPF 11) with a ceremony at its shipbuilding facility this morning. Puerto Rico is the eleventh of 12 EPFs that Austal has under contract with the U.S. Navy with a combined value of over $1.9 billion.Nine Spearhead-class EPFs have been delivered and are serving as an affordable solution to fulfilling the Military Sealift Command’s requirements worldwide. The future USNS Burlington is scheduled for delivery to the Navy later this month and two more EPFs…

Mexico to Develop National Maritime Transport Policy

Pic: International Maritime Organization (IMO)

Officials from various government entities in Mexico have received training in how to develop a National Maritime Transport Policy (NMPT), said a statement from International Maritime Organization (IMO).The concept is being promoted by IMO  as a good governance practice to guide planning, decision making and legislation in the maritime sector, and as a key driver for a country's sustainable development. Representatives from the Mexican Navy and from other Government bodies and…

Port of Oakland Cargo Volume Up Despite Tariff Battle

Image: Port of Oakland

A U.S.-China tit-for-tat over tariffs hasn’t dampened cargo volume growth at the Port of Oakland. In fact, the Port is on track for its third straight year of record container volume in 2018, stated the Port authorities.But can it last? That’s the question supply chain experts pondered this week at the quarterly meeting of the Port’s Efficiency Task Force. Forty trade and transportation executives ranging from longshore labor representatives to cargo owners gathered to discuss trade dynamics.

Iranian Military Ready to Protect Oil Tankers

File Image: AdobsStock / © Jose Gill

Iran's armed forces will protect Iranian oil tankers against any threats, an Iranian military official said on Monday after the United States called the ships a "floating liability" and warned ports operators not to allow them to dock.The United States resumed sanctions on Iran's oil, shipping and banking industries last Monday after U.S. President Donald Trump pulled out of a 2015 international agreement curbing Iran's nuclear programme in May."Iran's armed forces...are prepared…

Capesize Rate Drag Baltic Index Down for Tenth Straight Session

File Image: AdobeStock / © Lidian Neeleman

The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, declined for the tenth straight session on Monday on weakening demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 22 points, or 1.9 percent, to 1,125 points.The capesize index slipped 4.3 percent, or 63 points, to 1,398 points, its lowest since May. 30. Average daily earnings for capesizes, which typically transport 170…

Yang Ming Cuts Losses, Optimizes Fleet

Pic: Yang Ming Marine Transport Corporation

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation  said that its 3rd quarter net loss after tax for Q3 was USD 30 million, a reduction of 76.16% compared to last quarter, and USD 220 million for the nine-month period.However, in Q3 2018, Yang Ming posted consolidated revenues of USD $1.3 billion, a growth of 15.2% compared to the second quarter of the year.According to a press statement Yang Ming, one of the main reasons for the loss was an “unfavourable supply-demand balance”…

The Sea Locks to Reach IJmuiden in Two Months

Pic: Port of Amsterdam

Two weeks ago, the gates for the new sea lock at IJmuiden were loaded on a ship for transport from South Korea to the Netherlands. They are expected to arrive here in about two months, said a press release from Port of Amsterdam.A total of three lock gates are on board the ship. Two of the gates are going to be put in operation; the third one will be used as a spare gate. At this moment, OpenIJ is busy with the sinking operation of one of the lock gate chambers (the one on the seaward side).Each of the lock gates is 72 metres long, 24 metres high and 11 metres wide.

Virgin Hyperloop One Selects New Chairman

Pic: DP World

Global hyperloop pioneer Virgin Hyperloop One elects Sultan Ahmed bin Sulayem as Chairman and Jay Walder as CEO as company leverages new round of funding to begin implementation of hyperloop from Pune to Mumbai.Sultan Ahmed bin Sulayem is the Group Chairman and CEO of DP World. Jay Walder, who is one of the world’s leading mass transportation and technology executives, has been appointed as its new CEO. Walder will also join the company’s Board of Directors.The selection of a…

USP, CNCo Join to Research New-Generation Low-Carbon Ships

Image: Swire Shipping

The University of the South Pacific (USP) and The China Navigation Company (CNCo), parent of Swire Shipping and Swire Bulk, have signed a Memorandum of Understanding (MOU) to conduct feasibility studies for the design costs and plan for new generation ships for the Pacific region which is committed to low carbon sea transport.Under the MOU signed on 10 November 2018, Project Cerulean aims to eventually develop a new class of small cargo freighter, which, once proven to be commercially viable to operate…

Davie: CTMA Ferry Procurement dogged by Legal Proceedings

file Image / AdobeStock / © Renaschild

The Coopérative de transport maritime et aérien’s (CTMA) procurement effort to purchase a ferry to replace the CTMA Vacancier and the CTMA Voyageur has been thrown into question by a court proceeding which alleges that the former government’s support for the acquisition was tainted with serious procedural irregularities and must be suspended and, ultimately, declared invalid.Last May, the outgoing Liberal government announced that financial support would be granted to CTMA for the acquisition of a new ship.

Capesize Fall Drags Down Baltic Index

File Image: AdobeStock / CREDIT © Leonid Eremeychuk

The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, slipped for the eleventh straight session on Tuesday as the capesize index posted its biggest daily percentage fall in more than 10 months.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 61 points, or 5.4 percent, to 1,064 points.The capesize index plunged 17.5 percent, or 245 points, to 1,153 points, its biggest one day percentage decline since Jan.

BY THE NUMBERS - Offshore Supply Vessels: Balanced Continued Pressure with Gradual Recovery

Credit: Alix Partners

Global consulting firm AlixPartners, in a new paper entitled, “Too many ships, too few rigs: why recovery is still a distant dream for the OSV sector,” warns that companies counting on a quick return to stability in the OSV sector are in for a rude awakening.The September report goes on to say that OSV companies continue to face pressure due to a radically changed oil industry and must take quick and decisive action in order to survive in what should be considered the ‘new normal.’Separately…

Fast Delivery of Beloe More to Siberian Harbor Before Winter

Beloe More (Photo: Damen)

The Beloe More recently joined its sister vessel Severnaya Dvina in the Port of Sabetta, northern Russia. The 2,000 m3 hopper dredger was delivered from stock to FSUE ROSMORPORT. The customized hopper dredger will perform maintenance duties and execute capital dredging in the newly created harbor.The Beloe More - meaning ‘White Sea’ in Russian - is not the first vessel Damen has delivered to ROSMORPORT. As Vadim Akimov, Damen Sales Director, explains : “ROSMORPORT is the Russian enterprise responsible for the accessibility of all major Russian sea ports.

ROVs to Investigate Lost Shipping Containers

(Photo: AMSA)

Remotely operated underwater vehicles (ROV) will be deployed to investigate containers lost from a cargo ship in heavy seas off Australia.The YM Efficiency, operated by Taiwan shipping company Yang Ming Marine Transport Corporation, was sailing from Taiwan to Sydney in early June when it lost dozens of containers overboard amid five-meter swells in the Tasman Sea, about 30 kilometers off Australia's east coast.The Australian Maritime Safety Authority (AMSA), citing serious potential impacts to local fishing and the environment…

Wind to be EU's Largest Power Source in Ten Years

Image: WindEurope

Wind power is set overtake coal, nuclear and gas to become the EU’s largest power source well before 2030. This is according to the International Energy Agency’s (IEA) 2018 World Energy Outlook.According to the IEA’s projections, wind energy will become the EU’s largest power source in 2027, overtaking coal, nuclear and then gas in the process. This is compared to the IEA’s last projection made in its 2017 World Energy Outlook, where it said this would happen “soon after 2030”.According to the IEA…

Port of Rotterdam Wins ESPO Award 2018

Port of Rotterdam Authority wins the ESPO Award 2018. Photo: European Sea Ports Organisation

The largest port in Europe the Port of Rotterdam Authority has been awarded the European Sea Ports Organisation (ESPO) Award 2018.The award was made in recognition of the port's engagement with the city or wider community through the creation of a good workplace environment for its current and future employees and the demonstration of its investment in a diverse and inclusive environment, facilitating mutual respect, non-discrimination and personal development.The ESPO Award was handed out by the Deputy Director-General of DG Move…

Low EU River Stir Fuel Markets in Singapore

File Image: An inland cargo movement on the Danube River. CREDIT: Adobestock / © digitalstock

Rhine water levels hit record lows in October; river is a key fuel transport hub for Europe.Low water levels on the Rhine river have caused a fuel supply deficit in parts of Europe's industrial heartlands that is sucking up cargoes from more than 10,000 km away in Singapore.Following a long, scorching summer, water levels on the Rhine - a key commodity shipping lane connecting industrial centres in Switzerland, Germany, France and the Netherlands to major seaports - fell to record lows…

VT Halter Marine Launches Bouchard ATB Tug

Pic: Bouchard Transportation

The ocean-going petroleum barge company Bouchard Transportation said that ATB tug M/V Evening Breeze was launched at US-based medium-sized ships builder VT Halter Marine's Pascagoula shipyard.The launch of the M/V Evening Breeze marks a milestone achievement in Bouchard’s most recent expansion efforts; with the launch of sister ATB tug M/V Evening Stroll not far behind.Bouchard’s Safety First philosophy remains at the forefront of their operation, and is powerfully supported through VT Halter Marine…

Workboat Design: MultiMission Vessels have adaptable platforms

24 Workskiff M Series multi-mission vessel with walk around pilot house for the Tulalip Indian Fish and Game Agency for fisheries management, law enforcement, search and rescue and fire fighting. Naval architecture and marine engineering by Boksa Marine Design.

Drug interdiction. Crew transport in hostile waters. Law enforcement. Rescue operations. Passenger vessels. Today’s MultiMission Vessels (MMVs) are a diverse collection of workboats characterized by adaptable platforms, customized with standard accessories.A larger budget for electronics and multiple, smart, navigational screens and MDTs challenge the interior configuration of already crowded MMVs, increasingly built with matching FEMA port security grant funds for joint venture operations.More monohull patrol vessels monitor illegal fishing…

Maritime Reporter Magazine Cover Nov 2018 - Workboat 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 subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News