DP World Buys North American Terminal
Dubai-based port operator DP World announced it has completed the acquisition of Fraser Surrey Docks in Canada from Macquarie Infrastructure Partners (MIP) alongside its partner Caisse de dépôt et placement du Québec (CDPQ).The enabler of global trade said in a press release that said the acquisition complements its footprint in Canada, which also includes terminal operations in Vancouver, Nanaimo, Prince Rupert and St John’s, without disclosing the value of the purchase.The integrated coast-to-coast platform provides customers with bulk…
First Hybrid Cruise Ship Sails Northwest Passage
Norwegian cruise, ferry and cargo operator Hurtigruten announced that its new expedition cruise ship MS Roald Amundsen became the first battery-hybrid powered ship to ever traverse the legendary Northwest Passage last week.As MS Roald Amundsen arrived in Nome, Alaska on September 10, 2019, Captain Kai Albrigtsen made a monumental entry in the ship’s logbook: The first complete crossing of the more than 3,000 nautical miles passage from the Atlantic to the Pacific, by hybrid propulsion.“Every expedition cruise with Hurtigruten is unique…
Geest in Line for Portsmouth Return
Eastern Caribbean shipping firm Geest Line is returning to Portsmouth two years after relocating to Dover.The company moved its cargo handling operation to the Kent port due to scheduling difficulties at Portsmouth, which have now been resolved.Geest Line’s headquarters and its 32 staff remained in Hampshire and bosses say it makes logistical and business sense to return.The company has been an exclusively Europe-to-Caribbean freight operator for more than 60 years, with weekly…
AAL Ramps Up Asia-Australia Liner Service
Breakbulk and heavy lift project cargo operator AAL said it will boost its scheduled North and South East Asia to Australia West Coast Liner Service (AUWC) to a monthly service with the addition of a second MPV vessel. The expansion comes on the back of very strong growth (16 percent in 2017/1018) for Western Australia’s $109 billion mineral and petroleum industry, due mainly to rising commodity prices, stronger than expected export demand and growing local production.AAL’s AUWC…
Container Shipping Line MSC Stops New Iran Bookings
The world's No. 2 container shipping line MSC said on Wednesday it would stop taking new bookings for Iran due to the decision by the United States to re-impose sanctions on Tehran after withdrawing from the international nuclear deal. In a note to clients, privately held MSC said it was "ceasing to provide access to services to and from Iran", adding that they would "conclude this period with the minimum disruption" to their customers' business. "While MSC is not accepting bookings for shipments originating from Iran…
Top Container Shipping Lines Reviewing Iran Operations
The world's top two container shipping groups Maersk Line and MSC are reviewing their Iran operations after the United States withdrawal from the international nuclear agreement with Tehran.The 2015 agreement, worked out by the United States, five other world powers and Iran, lifted sanctions on Tehran in exchange for limits to its nuclear program.U.S. President Donald Trump also instructed his administration to re-impose U.S. sanctions after a winding down period."MSC is reviewing its services…
Santos Brasil Loses ESA Cargo Contract to Grupo Libra
Logistics company Santos Brasil Participações SA has confirmed the termination of a contract to move containers for the ESA consortium of shipowners at the port of Santos, according to a statement sent to Reuters on Thursday. Santos Brasil, the largest cargo operator in the country, lost the ESA contract to Grupo Libra, the second largest, according to two sources briefed on the matter. (Reporting by Ana Mano and Flavia Bohone; Editing by Jonathan Oatis)
NORDEN Names New Head of Dry Cargo
Dampskibsselskabet NORDEN A/S has hired Christian Vinther Christensen as new head of the Dry Cargo Department. Christian Vinther Christensen takes up his new position January 1, 2017 and becomes part of Senior Management reporting to CEO Jan Rindbo. He brings with him 16 years of experience from the dry cargo operator Western Bulk. He is shipping educated at Maersk, where he, prior to his employment at Western Bulk, for 10 years held a number of positions in the group including management positions in Maersk Broker.
Abu Dhabi Ports Invests in Management Software
Abu Dhabi Ports is implementing a brand new terminal operating system (TOS) which will enhance the general cargo operations at the emirate’s ports, significantly improving processing times and the full range of customer service offerings. The state-of-the-art port management software called “Master Terminal” will replace Abu Dhabi Ports’ existing systems and support the management of all aspects of the general cargo operations, including bulk, break bulk, project and Roll-On/Roll-Off (RORO) cargo.
Moody’s Upgrades Port Canaveral’s Bond Rating
Moody’s Investors Service has upgraded Canaveral Port Authority’s $30.2 million in outstanding revenue bonds to A2 from A3 and rated its financial outlook stable. The upgrade was attributed to low leverage, cruise growth, stable finances and proactive capital plan management. Port Canaveral’s five-year capital plan totals nearly $600 million, which will be financed with a combination of grants, matching funds, cash flow and unrestricted cash balances. The major current project is a new cruise terminal for Royal Caribbean, which is paying half of the $105 million total cost.