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Saturday, October 31, 2020

Europe News

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Traders Scout for Tankers to Store Diesel as Virus Spreads

Oil traders are scouting for newly built supertankers to store diesel for the next few months as they brace for lower demand in Europe amid renewed restrictions aimed at battling the COVID-19 pandemic, shipping and trade sources said.Trading companies, including oil majors, are making enquiries to charter very large crude carriers (VLCC) to carry diesel with 10 parts-per-million (ppm) sulphur for up to six months, they said, indicating that diesel floating storage could rise again.Several such supertankers…

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Arctic Shipping Creates Insurance Headaches as Routes Open

When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong.Double the manpower is needed to navigate. Lookout shifts are kept to just one hour, so sailors don't lose concentration and miss a mass of floating ice. Big icebergs show up on radar, but smaller, truck-sized "bergy bits"—even more dangerous—can be missed, the captain says.The cold can freeze equipment and the earth's magnetic field disrupts compasses. If anything goes wrong…

(Photo: Port of Halifax)

Port of Halifax's Extended Deepwater Berth Fully Operational

The extended South End Container Terminal in the Port of Halifax is now complete and is fully operational, having welcomed its first vessel, Zim Tarragona, on Friday.With the extension project finished, the South End Container Terminal operated by PSA Halifax now has the longest and deepest container berth in Eastern Canada with 800 meters continuous length and 16 meters depth. The recent installation of a new Super Post-Panamax (SPPX) crane, the largest in Eastern Canada, brings the total compliment of SPPX quay cranes at PSA Halifax to five.

Credit: Port of Rotterdam

Port of Rotterdam: Freight Volumes Improve in 3Q after Pandemic Slump

Freight volumes in the Port of Rotterdam improved in the third quarter after the deep slump caused by the coronavirus pandemic in the first half of the year, Europe's largest sea port said on Wednesday.Throughput of agribulk, iron ore, biomass and goods transported by trucks on ferries showed a marked improvement at the end of the third quarter, the port said, while the number of containers that arrived in Rotterdam also increased."Many segments showed a marked improvement in their throughput volumes in comparison with the second quarter"…

Ingrid Uppelschoten Sneldewaard, Svitzer's new COO as of December 1, 2020. Source: Svitzer A/S

Svitzer Names Uppelschoten Snelderwaard COO

On 1 December 2020, Ingrid Uppelschoten Snelderwaard will take up the role as global COO of Svitzer A/S, reporting to CEO Kasper Friis Nilaus. She will be based in Copenhagen.Uppelschoten Snelderwaard joins Svitzer from her current position as Global Head of Equipment and VP at Maersk and takes over from Svitzer’s current COO, Leonardo Sonzio, who will be moving on to become Maersk's Head of Fleet Operations.Uppelschoten Snelderwaard holds a degree in Economics and Languages from Hogeschool Zeeland, and a degree in Business Management from Nyenrode University in the Netherlands.

(Photo: Svitzer Europe)

Svitzer to Commence Operations in Emden, Germany

Towage operator Svitzer Europe announced it will start a new towage operation in Germany’s third-largest North Sea port from January 1, 2021. To fully service customers at the seaport of Emden, Svitzer will deploy two tugboats: the Svitzer Valand, a tractor tug with 45 tons bollard pull and part of the organization’s existing European fleet, and the newly purchased Svitzer Vestri, an azimuth stern drive tug with 60 tons bollard pull. Vestri is a newbuild from Turkish shipbuilder Med Marine…

(Photo: Hapag-Lloyd)

Hapag-Lloyd Sees Shipping Demand Recovering

German container shipping firm Hapag-Lloyd is benefitting from a rebound in transport demand but its chief executive warned about the longer-term impact on economic activity from the coronavirus."We see a recovery, which started probably some time in the course of third quarter, and we would expect that to continue going into 2021," chief executive Rolf Habben Jansen said in an embargoed briefing session with journalists held on Thursday."But there will be a clear long-term effect on the global economy from COVID-19…

Martijn van den Berg (Photo: Zuyderzee Capital)

Martijn van den Berg joins Zuyderzee Capital

Zuyderzee Capital, the specialized investment and advisory services company focused on maritime and logistics, announced a new strategic initiative intended to broaden the overall consulting service offering to its client base: Operational & Administrative Advisory.Martijn van den Berg joins the firm as Director responsible for the new business unit.Martijn joins Zuyderzee Capital having spent more than 24 years at ABN AMRO Bank and its predecessors including many years in the…

The 11th of HMM's 12 Megamax-24 containerships, HMM Le Havre, transits north through the Suez Canal on September 30, steering a course toward Rotterdam, ETA October 8. (Photo: HMM)

HMM's New Mega Ships Each Sailed Fully Loaded on Maiden Voyages

South Korean shipping company HMM said all 12 of its new 24,000 TEU containerships—the world's largest—have each made their maiden voyages fully laden with containers.On September 31, HMM St. Petersburg, the last of the 24K-class series, departed for Europe from the Port of Yantian, China with 19,529 TEUs loaded on board.Consequently, all 24,000 TEU ships delivered to HMM have been entirely filled with cargoes on their first voyages, starting with HMM Algeciras which carried a total of 19…

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EU Taps Maritime Predictive Intelligence to Combat Drug Smugglers

Predictive Maritime Intelligence company Windward said it has partnered with The Maritime Analysis and Operations Center-Narcotics (MAOC (N)), an EU Law Enforcement unit created to respond to the threat of illicit drug trafficking by maritime and air conveyances. With air traffic down due to COVID-19, drug smugglers are relying heavily on maritime shipping to transport illegal contraband around the world, and Windward said its maritime intelligence platform will give MAOC(N) and…

© Sergei Skriabin / MarineTraffic.com

Thome Group, Carsten Rehder Form Ship Management JV

Singapore-base ship management firm Thome Group and German shipowner Carsten Rehder have agreed to cooperate in a joint venture to take over the ship management of the latter's owned and managed fleet of dry bulk, container and multipurpose vessels.The new company is to be called Thome Shipmanagement Germany GmbH & Co. KG with the Thome Group and Carsten Rehder as the two shareholders. The ship management staff at Carsten Rehder will be absorbed into this new joint venture.Carsten…

Historical growth and prospects of gas investment for short-, medium- and long-term ($ billion). Source: GECF Secretariat, based on data from the GECF GGM

Rolling the Dice in Chaos: The Prospects of Investment in the Gas Industry

As stated in the Declaration of Malabo at the 5th Summit of Heads of State and Government of the GECF Member Countries, in order to sustain the security of demand and supply of natural gas, it is necessary to ensure sufficient investments through the entire gas value chain among all gas market stakeholders [1].Since the start of 2020, every aspect of the global economy, including investment projects in natural gas industry, have been strongly hit by the outbreak of the Covid-19 pandemic.

(Photo: CMA CGM)

World's Largest LNG-fueled Containership Delivered

The world's largest containership to be powered by liquefied natural gas (LNG) has officially joined the fleet of French container shipping group CMA CGM, during a digital naming ceremony at CSSC’s shipyard in Shanghai.CMA CGM Group’s new flagship, CMA CGM Jacques Saadé, named after the group's founder, is the lead vessel in a series of nine LNG-powered, 23,000 TEU containerships ordered in 2017.Rodolphe Saadé, CMA CGM Group’s chairman and CEO, announced in November 2017 that the vessels would be equipped with LNG-powered engines…

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OSM Nears Deal to Acquire SeaTeam

Norway-based ship management company OSM Maritime said Monday that it is nearing a deal to acquire Singapore-headquartered competitor SeaTeam Management from Frontline Ltd and Golden Ocean Group Limited.The acquisition, which is in final negotiations and remains subject to definitive documentation, is expected to be completed within the next 30 days, OSM said.“We look forward to finalizing our agreement with Frontline and Golden Ocean, after engaging in a very constructive dialogue,” said Tommy Olofsen, chair of OSM Maritime.

CSL Frontenac loading grain at the Port of Thunder Bay. Photo Credit: Michael Hull, Chamber of Marine Commerce)

Grain Shipments via St. Lawrence Seaway Climb

Canadian grain shipments through the Great Lakes-St. Lawrence Seaway trade corridor are up 20% in response to continuing world demand for wheat and canola, the latest figures show.Year-to-date shipments of grain (from April 1 to August 31) totaled 5.2 million tonnes, as ships transported Prairie wheat and canola and Ontario wheat and soybeans for both domestic use and for export to markets around the world.The rush of grain, which is carry over from last year’s crops, has helped to offset continuing pandemic-related declines in other key cargoes such as iron ore (down 23%)…

© Nord Stream 2 / Axel Schmidt

Germany Offered to Build LNG Terminals to Avert US Pipeline Sanctions

Berlin offered to spend 1 billion euros ($1.2 billion) to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord Stream 2 pipeline, due to bring gas directly from Russia to Germany, Die Zeit reported on Wednesday.The weekly paper said Finance Minister Olaf Scholz made the proposal in an Aug. 7 letter before Washington imposed sanctions on companies involved in building the Baltic Sea pipeline, effectively freezing its…

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EU Parliament Votes to Make Ships Pay for Their Emissions

The European Parliament on Tuesday voted in favour of including greenhouse gas emissions from the maritime sector in the European Union's carbon market from 2022, throwing its weight behind EU plans to make ships pay for their pollution.Shipping is the only sector which does not face EU targets to cut emissions, but it is coming under increased scrutiny as the bloc attempts to steer industries towards its plan to become "climate neutral" by 2050.In a vote on Tuesday, EU lawmakers said the bloc's carbon market should be expanded to include emissions from voyages within Europe…

© Wojciech Wrzesień / Adobe Stock

Yara Marine Launches Start-up Accelerator Program

Norway-based Yara Marine Technologies says it is running a competition for start-ups to accelerate the growth of technologies and solutions that will contribute to a greener maritime industry.“Our corporate mission is to nurture the next generation of high value, high performance sustainable ocean technologies,” says Yara Marine CEO Thomas Koniordos. “With this new program, we are seeking to position Yara Marine in the global start-up space while developing new opportunities for…

Samskip Reinstates Amsterdam-Hull Service

Multimodal transport operator Samskip said it is reintroducing direct links between Amsterdam and Hull in response to recovering North Continent-UK unitized traffic, in a service renewal that reinforces containerized short sea options ahead of finalized Brexit trade negotiations.Starting from September 5, the three-times weekly service will depart from the TMA Terminal Amsterdam and connect into Associated British Ports’ terminal at Queen Elizabeth Dock, Hull, once more augmenting Samskip’s regular and separate Rotterdam-UK routing.The Amsterdam-Hull link was suspended in March…

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Uncertainty Weighs on Tanker Markets -MSI

Increasing port delays in Asia, U.S. and Europe will provide only limited support and MSI predicts rates will fall further in Q3.After three months of OPEC+ production cuts, tanker markets are feeling the pressure with both crude and products sector earnings moving lower in July according to Maritime Strategies International.Back in May MSI forecast quarterly average Aframax one year time charter rates to fall from $32,400/day to $21,600/day at a time when spot markets were seeing record levels.

(Photo: Bureau Veritas)

Bureau Veritas Expands Marine and Offshore Services in N. America

Testing, inspection and verification services firm Bureau Veritas (BV) said it has taken a number of steps to broaden and deepen its marine and offshore services in North America.The opening of a new remote survey center in Miami is the latest step in the delivery of digital services across the Bureau Veritas network, providing yet further global coverage for remote surveys.Florida-based Tropical Shipping’s fleet has now benefited from remote survey services on three of its vessels sailing in the Caribbean trades.

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LISCR Expands Its Leadership Team

The Liberian Registry said it has augmented its leadership team to help keep pace with nearly 12% over the last 12 months. The Liberian International Ship and Corporate Registry (LISCR) has added to its ranks Thomas Klenum as Senior Vice President of Maritime Operations, and Reynaldo Garibaldi as Senior Vice President of Maritime Operations and South America.Klenum, based at the Registry’s headquarters, is in charge of the Regulations and Standards, Investigations, and Fleet Security and Certifications Divisions.

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China Ramps up US Oil Purchases Ahead of Trade Deal Review

U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said, as the world’s top economies gear up to review a January deal after a prolonged trade war.Chinese state-owned oil firms have tentatively booked tankers to carry at least 20 million barrels of U.S. crude for August and September, the people said, moves that may ease U.S. concerns that China’s purchases are trending well short of purchase commitments under the Phase 1 of the trade deal.China had emerged as a top U.S.

(Photo: Ecochlor)

Ecochlor Expands Service Support Network in Singapore

U.S.-based ballast water management system (BWMS) manufacturer Ecochlor announced it has opened a service support center in the world's top shipping hub. Michael Madely, VP of Global Service at Ecochlor, said the new Singapore location is the first of many planned for Ecochlor’s spare parts support network outside the United States.“Having an inventory of spare parts located in Singapore will provide a faster response time to all vessels in Asia with our system on board. Our goal is to have parts located in the three main time zones – Asia…

Videlina Georgieva (left) with Lise Dumant (right) (Photo: Svitzer)

Svitzer Announces Leadership Changes

Towage operator Svitzer announced Monday that effective September 1, 2020, Lise Demant will leave her role as global chief commercial officer and take up the position of managing director for Svitzer’s Europe region, succeeding Kasper Friis Nilaus, who was recently appointed CEO of Svitzer A/S. Also effective September 1, Videlina Georgieva will succeed Demant as global CCO and enter Svitzer’s global leadership team.Both Demant and Georgieva are based in Copenhagen and will report to Nilaus.Demant joined Svitzer in 2013 as chief operating officer in Svitzer Asia Pte Ltd.…

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Beirut Blast a Wake-up Call on Dangers of Ammonium Nitrate

The devastating explosion in Beirut should be a wake-up call for countries on the dangers of ammonium nitrate, which caused the blast, experts say.Lebanese authorities said 2,750 tonnes of the industrial chemical had been stored for six years at Beirut port without safety measures. That stockpile exploded on Tuesday, killing more than 150 people, injuring thousands and leaving about a quarter of a million people homeless.Commonly used in fertilizers and as an industrial explosive…