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Wednesday, April 14, 2021

Europe News

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Drifting Apart? European Firms Battle to Reach UK Clients

Post-Brexit trade rules mean prosecco supplier Serena Wines 1881 must store bottles destined for Britain on costlier, fumigated pallets in their own corner of its warehouse in the northeast Italian town of Conegliano.The new shipment requirement is one example of the extra cost and complexity that firms across continental Europe face serving British customers since Jan. 1, adding to disruption of the COVID-19 pandemic to drive UK-EU trade volumes lower.“These first months have been hectic, hellish for everyone,” said export manager Nicola Piovesana.

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BIMCO: U.S. Economic Stimulus Have Worked Magic for Container Shipping

North American import of containerized goods from the Far East soared to a noteworthy high of 1.62m TEU during February 2021, a 100% increase from the low point of the same month last year. Fueled by US stimulus, volumes moving on the trans-pacific trade lane to consumers and businesses in North America thereby defied all obstacles during a month usually characterized by slow activity.In particular, the US economic stimulus packages have worked magic for the container shipping industry…

(Photo: Suez Canal Authority)

Ever Given Fiasco Illustrates Importance of the Shipping Container

Take a look around you.Perhaps you’re snacking on a banana, sipping some coffee or sitting in front of your computer and taking a break from work to read this article. Most likely, those goods—as well as your smartphone, refrigerator and virtually every other object in your home—were once loaded onto a large container in another country and traveled thousands of miles via ships crossing the ocean before ultimately arriving at your doorstep.Today, an estimated 90% of the world’s goods are transported by sea…

Credit: Astilleros Gondán

Astilleros Gondán Orders ABB Package for 10 Electric Ferries

Spanish shipbuilder Astilleros Gondán has tapped ABB to supply all-electric power solutions for ten fast 40-meter urban passenger ferries transporting up to 540 passengers each across Lisbon’s Tagus river.The contract comes a week after Astilleros Gondan said it would start building a series of 10 fully electric passenger ferries for the Portuguese river passenger transport operator Transtejo.The ten new ferries will replace the existing fleet serving this route when they enter service between 2022 and 2024.In addition to energy storage…

Photographer: Mild Design/Stena Line

Stena Livia Joins the Baltic Sea Fleet

The 186-meter Visentini RoPax vessel Stena Livia will initially join sister vessel Stena Flavia on the Nynäshamn-Ventspils route from mid-April, Stena Line announced. Later this year the pair will replace the existing tonnage on the ferry route between Travemünde and Liepaja, adding 40% freight capacity and shorten the crossing time substantially.During 2021 Stena Line is expanding its Baltic Sea operations with modern and large RoPax vessels being added to the two ferry routes from Latvia to Sweden and Germany.

(Photo: Port of Rotterdam)

Global Supply Lines Struggle to Clear Container Backlog After Suez Chaos

A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources say.Dozens of container ships were stuck when the 400-metre-long (430-yard) Ever Given ran aground in the canal on March 23, with specialist rescue teams taking almost a week to free the vessel.The suspension of sailings through the waterway left shipping companies - including container lines - with millions of dollars in extra costs…

(Photo: CMA CGM)

CMA CGM Box Ship Sets Loaded Containers Record

French shipping company CMA CGM said its 23,000-TEU mega ship CMA CGM Jacques Saade has set a new world record for the highest number of full containers loaded on board a single vessel.The ultra-large containership (ULCS)—the world's largest powered by by liquefied natural gas (LNG)—departed the port of Singapore on Thursday carrying 21,433 full (20-foot equivalent units (TEU) on board, besting its previous record of 20,723 set in October.The vessel is currently en-route to Europe on the FAL 1 service…

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Training Tips For Ships - Tip #23: Is Your Training Technology Disaster-Ready?

A customer once told me that they had just completed a business continuity analysis and had identified their LMS as their second most mission-critical technology - second only to payroll! Take a moment to consider how much you rely on training technologies to sustain your operations and compliance. How long could you comfortably go without your employees having access to training? How long could you go without access to your compliance records or your employees’ certificates?

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Greece Launches Sale of Crete Port Stake

Greece on Monday launched a tender for the sale of a majority stake in a port on the island of Crete, a popular tourist destination in Europe.The conservative government has been keen to attract investment and upgrade its port facilities across the country after years of underspending and a decade-long financial crisis.Investors can submit expressions of interest for a 67% stake in the port of Heraklion, the busiest on Crete, by July 30, the country's privatization agency, which is managing the sale…

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MSC Reaffirms Commitment to Avoid Arctic Shipping Routes

Container shipping giant MSC Mediterranean Shipping Company doubled down on its position to avoid sending its vessels through the Northern Sea Route and urged others to follow suit, citing environmental concerns.“As a responsible company, this was an obvious decision for us,” said MSC CEO, Soren Toft. “MSC will not seek to cut through the melting ice of the Arctic to find a new route for commercial shipping, and I consider this a position the whole shipping industry must adopt.”Running from Murmansk near Russia’s border with Norway to the Bering Strait near Alaska…

(Photo: Associated British Ports)

Port of Southampton to Deploy Private 5G

One of the United Kingdom’s (UK’s) busiest ports is slated to deploy private 5G follownig an agreement between Verizon Business and Associated British Ports (ABP). Delivered in partnership with Nokia, Verizon’s private 5G platform will provide the Port of Southampton with a secure, low-latency private network connection.One of a network of 21 ports operated by ABP, the Port of Southampton is the UK’s number one port responsible for £40 billion in exports from the U.K. every year.

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How Shipping Ports Can Become More Sustainable

Marine shipping drives 90% of global trade, moving over 11 billion tonnes of containers, solid and liquid bulk cargo across the world’s seas annually. Almost all consumer products we buy — or the raw materials required to make them — arrive at Canadian ports via ship.Each year, Canadian port facilities handle about 340 million tonnes of goods, worth about $400 billion. Roughly 25% of Canadian exports and imports, by value, are transported by marine shipping.Despite their economic importance…

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Global Reinsurers Stare at Massive Losses from Suez Canal Blockage

The blocking of the Suez Canal by one of the world’s largest container ships is likely to result in losses worth hundreds of millions of euros for the reinsurance industry, Fitch Ratings said, even as rescue teams were successful in partially refloating the vessel on Monday.The 400-metre (430-yard) long Ever Given got wedged diagonally across the canal in high winds early last Tuesday, blocking the path for hundreds of vessels waiting to transit the shortest shipping route between…

(Photo: BlackSky)

Suez Crisis Adds to Pandemic Supply Worries

A stranded container ship blocking the Suez Canal threatens to make it even more difficult for European and U.S. retailers to keep products in stock during the coronavirus pandemic.The Suez Canal saga that began on Tuesday and could go on for weeks, is just the latest crisis to strike the global supply chain that was upended when coronavirus shutdowns spurred house-bound consumers to upgrade appliances, sofas, televisions and backyards.IKEA, the world’s largest furniture seller…

(Photo: GECF)

LNG Shipping Costs: A Roller Coaster in Early 2021

For most of 2020, the liquefied natural gas (LNG) shipping market was in a depressed state like many other segments of the global gas industry. LNG export cargoes fell by 0.2% y-o-y in 2020 to reach 5,682 shipments, driven by a slowdown in LNG demand amid the COVID-19 pandemic. The commissioning of various LNG carriers around the world exacerbated that trend. Between the period 2018 and 2020, the market witnessed the record commissioning of LNG carriers, with 134 LNG carriers coming on line, with 41 of those being commissioned in 2020.

(Photo: BlackSky)

The Suez Canal: A Vital Transit Route With an Ancient History

The Suez Canal, blocked by a giant container ship that ran aground on Tuesday, is the quickest sea route between Asia and Europe and about 15% of global shipping traffic moves through it.The 193-km (120-mile) waterway, run by the state-owned Suez Canal Authority, is a vital source of foreign currency for Egypt.How much oil goes through the canal?Of the 39.2 million barrels per day (bpd) of crude oil imported by seaborne methods in 2020, 1.74 million bpd went through the Suez Canal…

(Photo: Suez Canal Authority)

Suez Canal Blockage Adds Strain to Global Supply Chains

A stuck container vessel in the Suez Canal, which has blocked the flow of goods through the narrow channel, will add strain to global supply chains already stretched by rebounding economic activity and tight shipping container supplies, analysts said on Friday.The 400-metres long Ever Given container vessel has been stuck in the canal since Tuesday, suspending traffic of containers transporting goods, parts and equipment through the shortest sea link between Europe and Asia.The…

(Photo: Suez Canal Authority)

Ship Blocking Suez Canal Could Be Stuck for Weeks

A containership blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global trade.The 400-meter Ever Given, almost as long as the Empire State Building is high, is blocking transit in both directions through one of the world's busiest shipping channels for oil and grain and other trade linking Asia and Europe.The Suez Canal Authority (SCA) said eight tugs were working to move the vessel…

(Photo: Suez Canal Authority)

Ever Given Grounding Causes Vessel Logjam In and Near the Suez Canal

Dozens of ships carrying everything from oil to consumer goods have been delayed by the grounding of a vessel in the Suez Canal, and companies may have to reroute cargoes around Africa if the blockage extends beyond 24 hours, shipping sources said.Efforts were underway on Wednesday to refloat the 400-meter, 224,000-tonne Ever Given, which got stranded on Tuesday morning after losing the ability to steer amid high winds and a dust storm.Shipping sources say the grounding has disrupted regular voyages through the Canal…

(Photo: Suez Canal Authority)

Oil Gains More Than $3/bbl After Suez Canal Ship Grounding

Oil prices jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, and worries that the incident could tie up crude shipments gave prices a boost after a slide over the last week.The crude benchmarks, U.S. crude and London-based Brent, added to gains after U.S. inventory figures showed a further rebound in refining activity, suggesting U.S. refiners are mostly recovered from the cold snap that slammed Texas in February.Brent crude settled at $64.41 a barrel, gaining $3.62, or 6%, after tumbling 5.9% the previous day.

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Cruise Ships to Run on Shore Power in Port of Valletta

Cruise ships moored in the Maltese port of Valletta will soon be able to plug into the island's energy grid, drawing the power they require to be fully operative without having to keep their diesel engines running. Nidec ASI, head of the Nidec Industrial Solutions platform belonging to the Nidec Group, said it has secured a  €12 million contract with the Maltese company Excel Sis for the creation of a “shore-to-ship” project at the port. Nidec ASI was awarded the supply of power and high-tech systems and all related engineering…

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US LNG Exports on Track to Hit Record High in March

U.S. liquefied natural gas (LNG) exports are on track to hit record highs in March as tumbling shipping rates and lower prices than in Europe and Asia continue to attract buyers.The amount of gas flowing to U.S. LNG export plants has averaged 10.5 billion cubic feet per day (bcfd) so far in March, according to Refinitiv. That compares with a four-month low of 8.5 bcfd in February, when extreme cold cut power and gas supplies to the facilities, and a monthly record high of 10.7 bcfd in December."The rebound in U.S.

(Photo: DP World)

DP World Optimistic for 2021 Amid Pent-up Demand

Ports operator DP World gave an optimistic outlook for 2021 on Thursday, citing pent-up demand for cargo and an easing of geopolitical tensions after the change of U.S. administration.Sultan Ahmed bin Sulayem, who is chairman and chief executive of the Dubai state-owned global ports operator, said that demand and supply chain capabilities had also improved as a result of the coronavirus pandemic.“You are always cautious ... (but) the outlook this year looks good for many reasons…

(Photo: NileDutch)

Hapag-Lloyd Acquires NileDutch

German container shipping company Hapag-Lloyd announced Wednesday it has reached a deal to acquire NileDutch, based in the Netherlands, strengthening Hapag-Lloyd's position in the African market.The sale and purchase agreement will see Hapag-Lloyd acquire all shares of  Nile Dutch Investments B.V., subject to the approval of antitrust authorities.Rotterdam-headquartered NileDutch is among leading providers of container services from and to West Africa. The company currently offers 10 liner services…

The Getting to Zero Coalition’s updated Mapping of Zero Emission Pilots and Demonstration Projects. Source: Getting to Zero Coalition

The Path to Zero: Study Shows Hydrogen-Based Ship Fuel Projects on the Rise

The Getting to Zero Coalition’s updated Mapping of Zero Emission Pilots and Demonstration Projects uncovers emerging trends, sees a strong climb in the number of identified projects as well as increased activities in Asia.The 'fuel of the future' debate is one of the hottest topics in maritime circles, as shipowners eye ever tightening emission regulations through 2050. While there is no 'silver bullet' solution, the Getting to Zero Coalition’s biannual Mapping of Zero Emission Pilots and Demonstration Projects outlines the spread and scope of existing zero emission projects…

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Shipping Groups Press EU to Advance 'Fuels of the Future'

Shipping and trade groups are calling on the European Union to advance the development of ammonia and green hydrogen as the best marine fuel options to enable the industry to accelerate decarbonization.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world’s CO2 emissions.To reach goals for shipping set by the United Nations, industry leaders say the first net-zero ships must enter the global fleet by 2030, with vessels powered by green hydrogen and its derivative compound ammonia among the options.The coalition of groups…