US Exports to China to Rise amid Trade Talks, but Volumes are Capped
China has pledged to buy more U.S. goods to reduce America's huge trade deficit and help avoid exacerbating a trade war between the world's two biggest economies, with energy and commodities high on Washington's list of products for sale.The U.S. trade war with China is "on hold" after the governments agreed to drop tariff threats and work on a wider agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Washington is especially keen to sell more of the United States'…
APM Terminals Uruguay Inches to Zero Carbon Emissions
APM Terminals Inland Services Uruguay (also known as Montevideo Port Services SA) switched on 648 solar panels this month, capable of producing 228.6 MWh per year, enough to meet up to 90 percent of the facilities entire annual consumption.By switching to their own renewable energy source, Inland Services Uruguay, the largest equipment maintenance and repair provider in the country, will reduce its CO2 emissions by almost 50 tonnes per year. To put this in perspective, according to the United States Environmental Protection Agency it would take around 1…
ATCO Buys 40% Stake in South American Port
Calgary-based natural gas, electrical and real estate giant ATCO is getting into the transportation business after buying a 40-per-cent stake in a South American port operator Neltume Ports for about CAD$450 million (USD$340 million).Neltume Ports, a subsidiary of Ultramar, operates in 16 port facilities and three stevedoring businesses primarily located in Chile and Uruguay. “This acquisition represents an important milestone in the execution of ATCO’s long-term strategy to diversify…
Europe Can Expect Only Modest Trade Deal with U.S. - EU Trade Chief
The European Union's trade chief described on Thursday the lack of a full trade accord between the bloc and the United States as ridiculous, but said the best that could be expected now was only a very modest agreement.Trade Commissioner Cecilia Malmstrom also rebuffed suggestions that the EU should simply seek to settle its differences over tariffs with the United States at the World Trade Organization, questioning whether the WTO's appeals process could survive in the longer term.EU leaders agreed last week to discuss opening their markets wider to U.S.
Uruguay Conducts Maritime Security Drills
Drills and exercises to test maritime security knowledge and update skills are under way during a national workshop in Montevideo, Uruguay (5 to 8 June). The National Workshop on International Ship and Port Facility Security (ISPS Code) Drills and Exercises has been designed to strengthen the technical capability of Designated Authority officials, port security officials and managers with respect to enhancing maritime security through the process of conducting drills and exercises in accordance with the ISPS Code and the relevant IMO guidance…
Vale: Iron Ore on Sunken Ship Insured
Brazilian miner Vale SA said on Monday that 260,000 tonnes of fine iron ore on a South Korean ship that sank in the South Atlantic had been insured. Vale said in an email that the cargo, which belonged to the Brazilian miner, was bound for China for storage and blending when the ship operated by South Korea's Polaris Shipping, Stellar Daisy, sank off Uruguay's coast. Vale said the cargo had been stowed in accordance with international norms. Reporting by Roberto Samora
A Glimmer of Hope for Asia Dirty Tankers
As we enter Q2 2017, Asia’s crude tanker market finds itself flooded with a flurry of newbuilds that hit the water over the last quarter. According to Lloyd’s List Intelligence, new tonnage delivered hit 15m dwt in Q1 and is expected to stand at 8.7m dwt in Q2. The gradual but steady unwinding of floating storage in global hotspots due to a flattening Brent futures curve is likely to release a constant stream of tonnage into the market, exacerbating the situation of oversupply.
Liebherr Opens Buenos Aires Office
In March Liebherr-Argentina S.A. opened a new office in Buenos Aires, the capital of Argentina. From the subsidiary Liebherr is expanding activities in Argentina and Uruguay, primarily in the product areas of mining, mobile cranes and port and harbor cranes. With an area of 314 square meters, the office in the heart of the Argentinian capital offers space for current and future growth, primarily in the product areas port and harbor cranes and mobile cranes. Eleven of the 17 Liebherr employees working in Buenos Aires look after sales and service in the area of port and harbor cranes…
New Orleans Joins Cold Treatment Pilot Program
The Port of New Orleans announced a new opportunity for shippers looking to transport perishable cargo from South America. Port NOLA received approval by the U.S. Department of Agriculture for inclusion in the Southeast U.S. In-Transit Cold Treatment Pilot Program. Participation in the Animal and Plant Health Inspection Services (APHIS) pilot program means select time-sensitive products can be treated to meet customs compliance in-transit rather than after it arrives to the U.S. – resulting in shorter transit times and increased efficiency for shippers.
New 11,000 TEU Ship Enters Service for Zim
The newly built 11,000 TEU vessel Cape Sounio owned by Costamare has been deployed on Zim’s Asia South America East Coast (ASE), the Israeli container shipping company said. The vessel embarked on its maiden voyage on from Pusan, South Korea, on May 4, on its regular route calling ports in Brazil, Uruguay and Argentina, connecting to major Asian ports. Built at Hanjin Heavy Industries and Construction Philippines (HHIC Phil) and delivered in April, 2017, Cape Sounio is the largest vessel to serve in this line and the largest currently employed by ZIM.
SAAM Posts Profit Growth in 1H
Chilean provider of port, logistics and towage services SAAM ended the first half of 2017 with a net income of USD 43 million, showing a rise of 48.3 percent year-on-year basis. The provider of port, logistics and towage services in 13 countries in the Americas said that this figure was strongly impacted by a non-recurring gain of US$26.9 million, mainly from the sale of its minority interest in Tramarsa. “Isolating the non-recurring effect, these results reflect the challenges we are facing in an industry experiencing consolidation.
Getting to Grips with Ship Security
On-board practice in assessing maritime security measures on a ship was a key feature of a recent workshop which took place in Montevideo, Uruguay (8-11 August). Some 45 participants, representing the national Administration and designated authority for maritime security, ship companies, recognized security organizations and ship security officers. The workshop was designed to equip participants with the necessary skill and knowledge to assess the effectiveness of International ship and Port Security (ISPS) Code implementation on board a ship…
Inspection Training for Cleaner Shipping
Inspection training for Port State Control Officers in South and Central America is underway at an International Maritime Organization (IMO) workshop in Buenos Aires, Argentina (6-8 November). There are participants from: Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Panama and Uruguay. Port State Control is the process, supported by IMO, by which officials in ports can board visiting foreign-flagged vessels to verify compliance with international safety and pollution standards.
Boskalis, DEME Win South American Dredging Work
A the 50/50 joint venture between Royal Boskalis Westminster N.V. and DEME has been awarded a five-year contract for the capital and maintenance dredging of the Martín García channel, located between Uruguay and Argentina in the northern part of the 50-kilometer-wide Rio de la Plata estuary. The contract from the Comision Administradora del Rio de la Plata (CARP) carries a total value of approximately €110 million ($130 million), and signing is expected to take place in the coming weeks.
New Women in Maritime Network Launched
Central and Latin America celebrated the launch of a new women in the maritime network in Valparaíso, Chile (13-15 December), which joins the International Maritime Organization (IMO) family of regional Women in Maritime Associations (WIMAs), giving visibility and recognition to the role women play as key resources for the maritime sector. Sixty two women from 18 countries (Argentina, Bolivia, Chile, Columbia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala…
Mexico's Oil Reform a Boon for Hard-hit Oil Service, Seismic Firms
Oil service and mapping firms still emerging from an industry recession have received a boost from about $800 million of data sales to energy firms considering bidding for Mexican oil and gas blocks. Mexico will on Wednesday hold its most important auction since a 2013 reform ended the 75-year monopoly on the energy sector held by state-run oil firm Pemex. The government of President Enrique Pena Nieto hopes the deepwater sale will attract tens of billions of dollars of investment to turnaround a slump in the country's oil output. Seven previous auctions drew investment pledges of $61 billion.
New Ship Repair Yard Coming to Brazil
The total volume of cargo tranported by sea in Brazil from January to September 2017 was pegged at 800 million tons, according to a survey by the National Agency of Waterway Transportation (Antaq). A large number of oceangoing and cabotage ships are needed to move such a volme and many of these ships will need repairs of various kinds. Having identified a positive demand for international standard ship repair facilities in the South Atlantic basin, McQuilling Services, headquartered in New York…
CMA CGM Improves SAMWAF Service
CMA CGM announced the port coverage improvement of its SAMWAF service connecting Brazil and Plata area to West Africa and South Africa strategic markets, in the effort to continue enhancing its product. As from February 16th, 2018 with m/v GERHARD SCHULTE, the lead product SAMWAF service operated with 6 vessels up to 3,800 TEU. SAMWAF will call the port of Itajai, Brazil on a weekly basis, in replacement of Navegantes.
W. Africa Crude-Angolan Oil Trades on Spot
Nigerian crude sells into tenders, while Angolan trades more quickly on spot. * ExxonMobil had purchased two of the three Olombendo cargoes sold this week, traders said. * All three are likely to sail to the Mediterranean or the United States rather than China, the usual destination. * Angola's Sonangol sold its cargo of Dalia, which it had been offering at dated Brent minus 70 cents a barrel. The buyer was not clear, but traders said it was a western company rather than Asian. * Statoil had also sold a cargo of Angola's Saturno. * Sonangol was still offering another cargo of Dalia at dated Brent minus 70 cents a barrel and a cargo of Saxi at dated Brent plus 75 cents a barrel. * Nigerian crude cargoes Erha and Forcados were selling into tenders, but spot trade was limited.
UAE Marine Environment Protection Association launched in Dubai
The Director General of HELMEPA, Dimitris C. Mitsatsos and the Chairman of Dubai Council for Marine & Maritime Industries (DCMMI), Mr. Khamis Juma Buamim, signed the Inaugural Declaration to the formation of UAEMEPA, the United Arab Emirates Marine Environment Protection Association. The signing ceremony took place at the beginning of the 9th Offshore Arabia Conference at Dubai in the presence of the Secretary General of IMO, Mr. Kitack Lim, UAE high standing functionaries and representatives of organizations and companies from within world shipping.
Transinsular Announces Cape Verde, Inter-Islands Trade Routes
Transinsular announced the 'Lince Class', the fastest maritime connection with Cape Verde from Portugal (Leixões / Lisbon) and the Canary Islands (Las Palmas). And therefore, the most competitive solution for exporting products from Portugal, Spain, Northern Europe and the Mediterranean. At the same time, and as a complement to the 'Lince Class', the ETE Group will offer inter-island ‘ATOBÁ’ cabotage services, on the way from Praia, Mindelo, Sal and Boavista, connecting these ports to the African proximity markets such as Guinea-Bissau and Mauritania.
Wärtsilä, Hidrovias Group Ink Maintenance Deal
Wärtsilä and Hidrovias do Brasil signed a five-year Optimized Maintenance agreement on the fleet of eight pusher tugs operating in the rivers of South America. The agreement enables flexible maintenance planning and execution according to the real condition of the equipment, thus ensuring better lifecycle value for the vessels. Hidrovias pusher tugs offer high-quality logistic solutions for the transportation of agricultural commodities, ores, steel products and other loads, with customized long-term projects in the rivers of Paraguay, Brazil, Argentina and Uruguay.
Photo of the Week: Cap San Antonio
Cap San Antonio anchoring in front of Montevideo, Uruguay. Herbert Boettcher took this photo for Hamburg Süd when he travelled on the container ship Cap San Antonio from Europe to South America and back to Hamburg. Boettcher started with his worldwide long time project Seamotion in 2004. Boettcher is a German professional photographer working worldwide for shipping companies to create photos of merchant ships with his unique visual language. He has been working as a graduate designer for more than 20 years and has already received numerous awards for his applied and free photographic work.