Hapag-Lloyd Begins TNE Service
German-based cargo container shipping line Hapag-Lloyd AG is launching a new liner service offering a direct connection between Turkey and the US East Coast.The Turkey North America East Coast (TNE) service will operate every nine days between the Turkish seaport of Marmara (Izmit, Istanbul and Gemlik) and the US ports of New York, Norfolk and Savannah, said a press release from the world's fifth largest container carrier in terms of vessel capacity.In addition, the service will…
APM Terminals Mumbai & CMA CGM Set Record
APM Terminals Mumbai, India’s busiest container terminals has achieved yet another milestone. The terminal has set a new national record for handling servicing largest volume exchange in a single port call - 11,026 TEUs on March 12, 2019.Working closely with the CMA CGM Group India Operations Team, APM Terminals Mumbai set a new Indian container terminal operation record handling 11,026 TEUs on CMA CGM owned M.V. APL New York during a single port call.This milestone once again…
Senate EPW Committee Hearing Testimony for AAPA CEO Nagle
The hearing will be in Room 406 of the Dirksen Senate Office Building, Washington, D.C. Its purpose is to consider the Diesel Emissions Reduction Act (DERA) of 2019, and to hear input from stakeholders about implementation of the DERA program.In his prepared remarks, Kurt Nagle shares examples of several ports that have received DERA grants, including the latest one last month in which the EPA awarded a DERA grant of $400,000 to the Alabama State Port Authority to replace a 1982 locomotive with a Tier IV locomotive engine.
Explorer Profile: Sven Lindblad
Profiled in the March 2019 "cruise" edition of Maritime Reporter & Engineering News is Sven Lindblad, intrepid explorer and wildlife photographer Sven Lindblad blazed the trail for environmentally sensitive travelers to Antarctica on Lindblad Expedition’s fleet of cruise ships with National Geographic.You can tell a lot about a man by whom his heroes are, whether famous athletes, virtuoso musicians, brave warriors or movie stars. As we age, we choose our heroes by their moral compass…
Imports at Annual Low on Seasonal Lull, Tariff Worries
With the retail industry in its annual lull between seasons and plans for a tariff increase on hold, imports at the nation’s major retail container ports are expected to drop to their lowest level in almost a year this month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Now that the holiday season is over and summer has yet to crank up, this is the quiet time of year for retail supply chains,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.
Seafarers’ House to Honor AMO's Doell
Paul Doell, National President of the American Maritime Officers (AMO), has been selected as the recipient of Seafarers’ House International Golden Compass Award for 2019.The award is given each year to those who have achieved distinction in the maritime world, those whose vocation or avocation has been the sea, or those who have ministered to or otherwise assisted seafarers.Doell, who heads the nation’s largest union of licensed seagoing professionals, has served the organization for 47 years.
Ossena to Drive AGCS N. America Growth
Allianz Global Corporate & Specialty (AGCS) said that Baptiste Ossena, Global Product Leader of Hull and Marine Liabilities (HML), will assume additional responsibility as the North American Regional Head of HML, effective April 1, 2019.Relocating to New York from Paris, Ossena will work closely with direct report John Kiernan, the current Head of HML in North America, who will take on the key responsibility for large account management and portfolio steering across the business.Ossena has held his current global role since 2017.
Bunge Posts Q4 Loss as Trade War Hits Soy Prices
Global grains merchant Bunge Ltd reported a fourth-quarter loss on Thursday as fallout from the U.S.-China trade war dragged down soybean prices in Brazil.Shares of the White Plains, New York-based company slumped nearly 4 percent in premarket trading to $50.75 per share.Brazilian soy prices had swelled to a steep premium to U.S. beans after China slapped steep tariffs on shipments from the United States in July. But that premium narrowed after the countries declared a temporary truce in their trade war on Dec.
Hedge Funds Hunt for Shipping Debt
A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled sector.World economy worries and cost pressures are dampening prospects for a proper recovery in many segments of the shipping sector, which has struggled with tough markets for a decade.Meanwhile European banks, particularly German lenders, are trying to offload distressed and performing loans…
Navios Appoints Alexander Kalafatides as Director
The dry cargo vessel player Navios Maritime Partners announced the appointment of Mr. Alexander Kalafatides to its Board of Directors.The international owner and operator of dry bulk and container vessels said in a press release that Kalafatides has nearly 30 years of experience in general management and marketing.Kalafatides also serves as an adjunct professor in International Business at Drexel University. Kalafatides served in the Board of Directors of Navios Maritime Midstream Partners L.P. from 2014 to 2018.Kalafatides received his M.B.A.
Shipbuilding: Chris Allard, CEO, Metal Shark
Metal Shark has arguably been one of the more active and successful boat builders in the U.S. over the last 12 to 24 months, boasting a strong order book and expanding facilities and portfolio. In particular, the company has been able to capitalize on the burgeoning ferry market, today accounting for about a quarter of its business, as Chris Allard, CEO, explains.When you look at the ferry business today in relation to Metal Shark’s business, what do you see?Metal Shark has delivered…
CG Investigating Passenger Ferry Grounding
The Coast Guard is investigating a ferry grounding near Atlantic Highlands, NJ, Monday morning.At approximately 7:30 a.m., watch standers at Coast Guard Sector New York Vessel Traffic Service were notified that the 140-foot commuter ferry, with 400 passengers aboard ran aground 200-yards from the pier in Atlantic Highlands, N.J.All passengers were safely disembarked at the ferry terminal pier.Sector New York marine investigators and marine inspectors are scheduled to conduct a…
BIMCO: US Box Imports Break Records Despite Uncertainty Ahead
Container imports on both the US East Coast (USEC) and West Coast (USWC) had a strong year in 2018, growing 3.7% and 8% respectively in the first 11 months of the year compared to the same period in 2017.Record high levels of inbound laden containers were experienced on both coasts in October with the USWC at 1.09 million TEU and the USEC at 0.91 million TEU according to BIMCO’s own data.The first two months of 2018 saw the USWC coast’s laden imports increase 11.7% from the start of 2017, with the accumulated growth rate then stabilising to around 4% for the rest of the year.
Shipping Ponders the Ultimate Cost of ‘Green’
Low sulphur fuels, scrubbers, LNG and other solutions are all part of the mix. Handicapping the impact of any of these options for the bottom line is anything but easy. Getting greener is not the problem; determining the best way to get there is quite another.By any measure, the business of running vessels will not be the same after January 1, 2020, when the present 3.5% limit on sulfur content will ratchet downward to 0.5%. With the implementation date for the changes, enacted…
EBDG Opens East Coast Office
Expansion Strengthens Client Access and Relationship Management.Elliott Bay Design Group proudly announces the opening of its new East Coast office in New York. The office will provide professional engineering and naval architecture services as well as waterfront development expertise to clients on the East Coast and is a springboard for future growth in the region. "This is an exciting time for EBDG and marks a major milestone in our 30-year history," states Christina Villiott, VP of Sales & Marketing.
Argus Adds New Marine Fuel Price Assessments
Oil price reporting agency Argus has launched five new price assessments for low-sulphur marine fuels, ahead of new global rules capping the amount of sulphur in marine fuels, also known as bunkers.International Maritime Organization (IMO) regulations will cut the limit for sulphur in bunker fuels globally from 3.5 percent to 0.5 percent from the start of 2020."Argus is pleased to be taking the lead in bringing price transparency that enables this large and emerging oil market to advance trading in preparation for the IMO 2020 required fuels…
Carpenter Named Executive Director of Captain Phillips–Lane Kirkland Trust
Rear Adm. Wendi B. Carpenter has been named the Executive Director of the Captain Phillips and Lane Kirkland Maritime Trust.She has served as a Board Member of the Trust since shortly after its inception and has been closely involved with its administrative set up, strategic planning and governance.Carpenter is a pioneer of women in Naval Aviation and was the first woman aviator to be promoted to the flag rank in the U.S. Navy. During her distinguished 34-year career, she served in leadership roles that included deputy commander of the U.S.
Tracy to Lead Marine Division of Viega
Industry veteran T.J. Tracy has been named Director of the Marine Division at Viega LLC.Tracy is charged with further developing the company’s fast-growing marine division. Viega offers a full line of fittings and valves designed specifically for joining pipe systems on board military vessels, commercial vessels, oil platforms, cruise ships and mega yachts. Tracy has spent his entire career in the maritime industry. Prior to joining Viega, he was vice president of sales and marketing…
Hamburg Süd Begins Seasonal Service for Mangos and Grapes
German shipping company Hamburg Süd is resuming its weekly direct service from Peru’s Port of Paita to Philadelphia just in time for the forthcoming mango and grape season in South America.The international logistics service provider said in a press release that with a transit time of eleven days, the service provides exporters in Peru and US importers a premium product designed specifically with these sensitive cargoes in mind.The release quoted Frank Smet, Chief Commercial Officer…
Kalmar to Deliver Straddle Carriers to Maher Terminals
The marine industry equipment manufacturer Kalmar is to deliver a further order of straddle carriers to Maher Terminals LLC for use at their marine container terminal located in the Port of New York and New Jersey.According to a press release from Kalmar, part of Cargotec, the order of 26 straddle carriers was booked in Cargotec's 2018 second quarter order intake, and delivery is scheduled to take place during Q1 of 2019.Maher Terminals is one of the largest privately held, multi-user container terminal operators in the world.
NY-NJ Port to be First to Use Electric Straddle Carrier in the US
The Port Authority of New York and New Jersey will conduct the first test at a U.S. port of an electric vehicle to move cargo containers by the end of this year.According to a press release from the port authority, this initiative is to meet aggressive targets for greenhouse gas emissions reductions set forth in the Paris Climate Agreement.A straddle carrier is a piece of terminal yard handling equipment that is used to move cargo containers by first straddling the container and then lifting it up and driving over the back of a truck to place the container on the chassis…
U.N. Struggles to Implement Deal over Disputed Yemeni Port City
The guns have mostly fallen silent around the Yemeni port of Hodeidah and the skies are clear of warplanes, but a U.N.-sponsored deal for the warring armies to quit the city has stalled, risking efforts to end a conflict that has pushed the country to the brink of famine.The Iranian-aligned Houthis and the Saudi-backed government agreed to a ceasefire in Hodeidah and to withdraw forces at peace talks in Sweden in December following months of diplomacy and Western pressure to end…
Self-Unloaders in CSL Pool Sold to Algoma
Oldendorff has sold the three remaining self-unloaders still operating in the CSL Pool: Sophie Oldendorff (70,037 tdw built 2000), Harmen Oldendorff (66,188 tdw built 2005) & Alice Oldendorff (50,259 tdw built 2000) for US$100.5 million to Algoma Central Corporation who is the third partner in the CSL Pool. The vessels are expected to deliver to Algoma around the middle of 2019. All three vessels have been trading in the CSL Pool on the East Coast of North and South America since…
UAE, Greece, USA: Worst Vessel Dumpers
The United Arab Emirates (UAE), Greece and the United States of America (USA) top the list of country dumpers of ocean-going commercial vessels in 2018, according to new data released today by the NGO Shipbreaking Platform.UAE owners were responsible for the highest absolute number of ships sold to South Asian shipbreaking yards in 2018: there were 61 ships in total.Greek owners, beached 57 vessels out of a total of 66 sold for demolition. American owners closely followed with…
Navios Acquisition Completes Navios Midstream Merger
Greece-based Navios Maritime Acquisition Corporation announced that it completed the acquisition of Navios Maritime Midstream Partners. "Following the close of the market on December 13, Navios Midstream common units no longer are publicly traded on the New York Stock Exchange," said a press release from the owner and operator of tanker vessels focusing on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals.Angeliki Frangou, Chairman and Chief Executive Officer…
Crowley Promotes Harrison
Crowley Maritime appointed Parker Harrison to its leadership team as senior vice president of procurement and risk management, effective Jan. 1, 2019. Harrison, former VP of procurement, will continue to be based at the company’s headquarters in Jacksonville, and will report to Bill Pennella, vice chairman and executive vice president.In her new role Harrison will work across all of Crowley’s business units to strategically align risk management functions while continuing the company’s procurement transformation into a strategic center-led competency.