ZIM Back into Black
Israeli international cargo shipping company ZIM Integrated Shipping Services continued to record improvements and to expand its global network to its customers confronting challenging business environment.ZIM has reported a net profit of USD 5 million for the third quarter of 2019, after returning to black in the second quarter of the year. (Compared: Net loss of $6.6 million in Q3 2018).Eli Glickman, ZIM President & CEO, said: “In spite of the challenging market conditions, ZIM continued to record improved results in Q3, as it did throughout 2019.
Product Tanker Freight Rates Rebounds
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…
Kalmar Supplies Hybrid Shuttle Carriers to Virginia Port
Kalmar, part of Cargotec, has announced that it will supply 25 Kalmar Hybrid Shuttle Carriers to the Port of Virginia, a growing, deep water port on the U.S. East Coast.The $23 million (USD) order was booked in Cargotec's 2019 Q3 order intake, and represents the exercising of a contract option for further units that was agreed upon in 2017. Delivery of the new machines is scheduled to be completed by the end of July 2020.The new units will be delivered to Norfolk International Terminals (NIT)…
Ocean Yield Buys Ethylene Gas Carrier
Norwegian shipowner Ocean Yield ASA has agreed to acquire Navigator Aurora, a 37,300 cbm ethylene gas carrier owned by Navigator Gas.According to agreement, the ship will be purchased for a total consideration of USD 69.75 million net of a seller’s credit, with a 13-year bareboat charter to a company 100% owned and guaranteed by Navigator Holdings - Navigator Gas.The vessel is expected to be delivered to the Company during October 2019. Navigator Gas has certain options to acquire the vessel during the charter period.
Panama Canal Reports Record FY 2019 Tonnage
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.
BIMCO: Fleet Growth, Ship Size Up
Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter.Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter. Despite this rise, the growth figure remains substantially below what the industry has been used to…
Video: RoRo Vessel Overturns Off US East Coast
Four crew members are missing from a roll-on/roll-off cargo vessel that is disabled, overturned and has caught fire near Brunswick, Georgia, the U.S. Coast Guard said on Sunday.Twenty people have been safely removed from the ship, and the Coast Guard said it is working with local partners to locate the four crew still missing from the 656-foot vehicle carrier, MV Golden Ray, which began listing heavily and capsized with 23 crew and one pilot on board in St. Simons Sound early on Sunday morning.The Coast Guard said it was notified of the capsizing by a 911 call around 2 a.m.There were 4…
ZIM Back in the Black
Israeli container line ZIM Integrated Shipping Services Limited reported a total revenues of $834.3 million in Q2 2019, reflecting an increase of 3.9% compared to $803.2 million in Q2 2018.In Q2 2019, ZIM carried 731 thousand TEUs, the second highest ever carried volume (reflecting a decrease of 5.3% compared to 772 thousand TEUs in Q2 2018, ZIM’s all-times record), said a press note.The container shipping industry is dynamic and volatile and has been marked in recent years by instability…
7000 HP, Tier IV McAllister Tug Arrives in Charleston
McAllister Towing is proud to announce the arrival of the tug CAPT. JIM MCALLISTER, the fourth in a series of four 100’ x 40’, 80 metric ton bollard pull tugboats. The tug is the 33rd tractor tug in McAllister’s fleet.The CAPT. JIM is powered by 3516E Tier IV Caterpillar engines with twin Schottel SRP4000FP units. Packed into her 100’ x 40’ hull is 6,770 horsepower. She achieved 82.50 metric tons during her ABS bollard pull certification and had a maximum pull of 83.70 tons. The CAPT. JIM joins her sister vessels, the CAPT.
Intermodal Cargo up 10.5% in Savannah Port
The Port of Savannah set a record for intermodal cargo last month, handling 47,255 rail lifts, an increase of 10.5% over July of last year.According to Georgia Ports Authority (GPA), over the past three years, the Port of Savannah has grown its rail volume by 35.4 percent, completing more than 507,000 intermodal lifts in the fiscal year that ended in June.“We’re moving containers from ship to outgoing rail in less than 24 hours at the Port of Savannah,” said GPA Executive Director Griff Lynch.
JAXPORT Welcomes FDOT Secretary
The Jacksonville Port Authority (JAXPORT), Florida, said that its Chief Executive Officer Eric Green and other port executives welcomed Florida Department of Transportation Secretary Kevin Thibault for an update on port growth and a waterside tour of ongoing port projects.JAXPORT said that the visit included a look at how the projects—from berth enhancements to Mile Point and harbor deepening—work together to make Jacksonville’s seaport more competitive, bringing jobs and revenue to Northeast Florida.The tour began with a stop at Berths 33 and 34…
Port of Boston Sets New Record
The Massachusetts Port Authority (Massport) announced another record year for the Port of Boston’s Paul W. Conley Container Terminal.From July 2018 through June 2019, Conley handled 307,331 twenty-foot equivalent units (TEUs) – an 8% increase in cargo volumes over FY2018 and a new all-time record for the fifth consecutive year. Total imports also rose by 12% over FY18 to 152,960 TEUs in advance of pending tariffs.“We are proud of Conley’s continued growth and success, which reflect the region’s strong economy and Conley’s high levels of productivity…
Zim Begins Asia-Gulf Services with 2M
The global container shipping line Zim Integrated Shipping Services Ltd (Zim) announced a further expansion of its strategic cooperation with the members of the 2M Alliance, Maersk & MSC, to the Asia - US Gulf Trade."The new services, catering for both Central and South China and South Korea, offer significant advantages for customers, including direct connections to major ports in Asia and the US Gulf; best-in-market transit time with reliable dedicated service; Two weekly cutoffs in Houston & Mobile to better serve growing US exports requirements…
HST Orders Fourth Damen Fast Crew Supplier
High Speed Transfers (HST), a recent new entry into the crew transfer sector, has placed its fourth order for a Damen next-generation Fast Crew Supplier (FCS) 2710, to be named HST Euan.The order for is the result of a long-term contract won from a client operating out of Belgium.The FCS 2710 has replaced the Damen's FCS 2610, retaining the twin, axe bow hull design but being both one meter longer and higher. The all-new interior allows it to carry twice the number of passengers (26) as its predecessor and enables it to deliver more flexibility…
Workboat Report: The U.S. Workboat ($33.8B) Market
The U.S. towing and tug business is 5,500 boats, more than 31,000 barges with an estimated total impact on U.S. GDP of $33.8 billion.“At a macro level, the bigger ships are causing downward pressure on the ship assist business because there are fewer ship calls given the increased capacity of these vessels. However, certain ports have seen tremendous growth, based on strategic location and infrastructure investments that have attracted these larger ships and been a net plus for these areas.”Kate Fuhrman…
Largest Boxship Ever Transits Panama Canal
Today, the Panama Canal completed a trial transit of Evergreen’s Triton, the largest vessel in dimension and container cargo capacity to pass through the Expanded Canal since it opened in June 2016.The Neopanamax containership Triton, which has a Total TEU Allowance (TTA) of 15,313, a 20-row beam of 51.2 meters and a length of 369 meters, transited northbound from the Pacific to the Atlantic Ocean.Similar to the milestone Q-Flex transit completed on May 12, today’s achievement was made possible by an increase to the maximum allowable beam for vessels transiting the Neopanamax Locks.
Triton Makes Record Transit Through Panama
The Panama Canal completed a trial transit of Evergreen’s Triton, the largest vessel in dimension and container cargo capacity to pass through the Expanded Canal since it opened in June 2016.The Neopanamax containership Triton, which has a Total TEU Allowance (TTA) of 15,313, a 20-row beam of 51.2 meters and a length of 369 meters, transited northbound from the Pacific to the Atlantic Ocean.“We are excited about the opportunities enabled by the Triton’s trial transit,” said Panama Canal Administrator Jorge L.
DNV GL, WindServe Ink Deal for U.S. Wind workboat
DNV GL has secured a classification contract for WindServe's new Crew Transfer Vessel.WindServe Marine, LLC (WindServe) has awarded DNV GL a contract for classification of one purpose-built offshore Crew Transfer Vessels (CTVs) for Ørsted North America (Ørsted). The contract covers the construction of the BMT-designed vessel, which will be the first offshore wind vessel built in the United States to class requirements.The high-speed aluminum catamaran is a custom design from the U.K.-based BMT Group (BMT), who has extensive offshore wind experience and a large portfolio of offshore wind vessels, including 49 CTVs, currently operating in Europe. The new state-of-the-art design from BMT is built specifically for U.S.
Ørsted Orders CTV Pair in the US
Orsted U.S. Offshore Wind has entered into an agreement with the offshore wind support services provider WindServe Marine LLC to construct a two purpose-built offshore crew transfer vessels (CTVs).The first CTV will be built by US Workboats in Hubert, North Carolina and used for Orsted’s Coastal Virginia offshore wind farm, followed by subsequent service on northeast projects.The second CTV will be built by WindServe’s affiliate shipyard, Senesco Marine, in North Kingstown, Rhode Island…
Record-Breaking Cargo Ship Visits JAXPORT
The Jacksonville Port Authority (JAXPORT), an international trade seaport on the St. Johns River in Jacksonville, Florida, set a new port record today with the arrival of the ZIM vessel Kota Pekarang, the largest container ship to ever call Jacksonville.The 11,923-TEU (container) vessel is operated by ZIM on a service offered by the 2M Alliance, comprised of Maersk, MSC, Hamburg Süd and strategic partners HMM and ZIM.The Kota Pekarang, which transited the Panama Canal from Northeast Asia before reaching the U.S.
ONE Adds New 14,000 TEU Boxship ONE Apus
Ocean Network Express (ONE), a Japanese container shipping company that is headquartered in Tokyo and Singapore, announced that ONE APUS, with a carrying capacity of 14,000 TEU, was successfully delivered at Kure Shipyard of Japan Marine United Corporation.The sublet owner is Nippon Yusen Kaisha, said a press release from the provider of container shipping and terminal services.This is ONE’s second delivery this year, and the 6th of a series of seven newly built 14,000 TEU magenta containership…
BOATBUILDING: What’s in Your Workboat?
Moose Boats rises to the challenge of building its biggest vessel ever. That’s an important step forward for this growing California shipyard. Equally impressive is what’s inside that rapidly developing hull and why those features were chosen.The U.S. boatbuilding scene is a changing landscape of waterfront manufacturing that constantly evolves to meet the inevitable peaks and valleys of demand. Nowhere is that reality more apparent than at California-based Moose Boats. In October 2016, Lind Marine announced the acquisition of Moose Boats.
Container Rates Alert: Box Industry Builds
Small yet significant rises in European import and export activity, combined with increased Far East imports and continued growth in US exports has fuelled a moderate improvement in long-term global container rates in March. The trend, identified in the latest XSI Public Indices report from Xeneta, builds on the positive rates development recorded last month, which effectively halted a decline underway since August 2018.Oslo-based Xeneta, a leading ocean freight rate benchmarking and market analytics platform…