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Tuesday, March 26, 2019

Panamax News

Image: Jacksonville Port Authority

JAXPORT Receives Largest Ever Box Ship

The Jacksonville Port Authority (JAXPORT) and terminal operator SSA Atlantic on Monday afternoon welcomed the largest container ship to ever visit Jacksonville.JAXPORT set a new port record today with the arrival of the ZIM vessel Cape Sounio, the largest container ship to ever call Jacksonville, claimed a press release.The 11,000-TEU (container) vessel is operated by ZIM on a service offered by the 2M alliance. The 2M alliance is comprised of Maersk, MSC, Hamburg Süd and strategic partners HMM and ZIM.The vessel, which transited the Panama Canal from Asia before reaching the U.S.

Pic: Castor Group

Castor Maritime Fixes Magic P with Oldendorff

The international shipping company specializing in the ownership of dry-bulk vessels Castor Maritime announced that, through a wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GMBH & Co KG Luebeck for its Panamax vessel Magic P.The owners of a dry bulk vessels said in a press release that the gross charter rate is US$ 11,250 per day, for a period of a minimum of five months up to a maximum of about eight months (for the first 30 days period the daily gross rate is US$ 9,000).

Image: South Carolina Ports Authority

$138M Allocated for Charleston Harbor

President Donald Trump included $138 million in his budget for the coming year to help deepen Charleston Harbor to 52 feet so it can handle larger container ships, said Charleston District of the U.S. Army Corps of Engineers.The project, in the works since 2011, had never been included in a president’s budget until now. The U.S. Army Corps last year revised a formula that measures the project’s economic benefit, putting it above the threshold needed for consideration.The Charleston…

Pic: Wan Hai Lines

Wan Hai Lines Enhances Japan Services

Taiwanese shipping company Wan Hai Lines announced the enhancement of its Japan service coverage.With effect from early April 2019, the company shall upgrade its existing New Super 1 service and also extend one of its existing Japan Kanto service to cover Malaysia, the provider of full-containerized shipping service said in a press note.Upgrade existing New Super 1 service(NS1) to Panamax vessel size: The service will maintain 4 vessel deployment with WHL deploying 2 x 4250Teu vessels, while IAL and OOCL deploys 1 vessel each.

© Auttapon Moonsawad/AdobeStock

Brazilian Soya Bean Exports Soar

According to a research note from BIMCO, Brazilian soya bean exports are up 85.2% in the first two months of 2019, this following a record high exports in 2018 of 83.6 million tonnes, which was a 22.7% increase from 2017.According to BIMCO, 2019 has seen the highest ever export of soya bean during the month of February. Exports totaled 6.1 million tonnes, a 112.6% increase from the 2.9 million tonnes exported in February 2018. Strong demand, in particular from China, the world’s largest soya bean importer…

Salt Lake City. Pic: Diana Shipping

Diana Shipping Fixes 'Salt Lake City' with Cargill

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Salt Lake City.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$9,750 per day, minus a 4.75% commission paid to third parties, for a period of minimum 20 months to maximum 23 months. The charter is expected to commence on March 14…

Pic: APM Terminals

APM Terminals to Open Port of Tema in June

All 7 ship-to-shore and 20 RTG ultra-modern gantry cranes have arrived for installation in the Port of Tema, Ghana, said APM Terminals, international container terminal operating company headquartered in The Hague.These are one of the final pieces of a $1.0bn investment by APM Terminals and its partners in Meridian Port Services (MPS), Bolloré Africa Logistics and Ghana Ports & Harbours Authority.With crane commissioning and operator training now taking place, the Port is on schedule to open on June 28 this year.The breakwater and access channel…

M/V San Francisco. Pic: Diana Shipping Inc

Diana Fixes m/v San Francisco with Koch

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v San Francisco.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$16,000 per day, minus a 5% commission paid to third parties, for a period of minimum 19 months to about 22 months. The charter commenced earlier today.The “San Francisco” is a 208…

Photo courtesy of NWSA

NWSA Container Cranes to Arrive in Tacoma

A ship carrying four super-post-Panamax container cranes is scheduled to travel through Puget Sound March 5 to Tacoma.Among the largest on the West Coast, these cranes are identical to the four that arrived in the Pacific Northwest last year.Puget Sound Pilots are scheduled to board the Zhen Hua 31, a 771-foot-long heavy-lift ship, Tuesday morning in Port Angeles and begin the journey to Tacoma. he ship will sit at anchor in Commencement Bay for a day or two before delivering…

Pic: Diana Shipping

Diana Shipping Fixes Two Dry Bulkers with SwissMarine

Diana Shipping has announced time charter contracts for m/v Newport News and m/v Los Angeles with SwissMarine.The global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Newcastlemax dry bulk vessels, the m/v Newport News.The gross charter rate is US$16,500 per day, minus a 5% commission paid to third parties, for a period of minimum 16 months to maximum 19 months.

Image: ICTSI

Upgrades at Matadi Gateway Terminal

The recent call of the 2,500-TEU capacity Safmarine Nuba at the Matadi Gateway Terminal (MGT), an ICTSI Group company, opened the door to major new shipping system benefits for the Democratic Republic of the Congo (DRC).Deployment of a vessel of this size unlocks economies of scale as well as provides a cost-efficient means to serve the capital city of Kinshasa given that use of any other port gateway entails substantial additional land transport costs 'dramatically pushing up the overall container transport cost from point of origin to destination…

Pic: Diana Shipping Inc.

Diana Shipping Fixes Houston with Koch

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Houston.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$10,125 per day, minus a 5% commission paid to third parties, for a period of minimum 14 months to about 17 months. The charter commenced on February 17…

Pic: Diana Shipping

Diana Shipping Fixes with Uniper and Phaethon

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Amphitrite, for a period of minimum 14 months to maximum 17 months.The global shipping company specializing in the ownership of dry bulk vessels said in a press release that the gross charter rate is US$5,000 per day for the first five (5) days of the charter period and US$12…

Photo: Valles Steamship

Valles Orders New Tanker from SHI

The Hong Kong and Vancouver-based shipowner Valles Steamship has ordered a new 112,000 dwt crude oil tanker from South Korea’s Sumitomo Heavy Industries Marine & Engineering (SHIME).Ship set to be fitted with a scrubber and will enter the market before the end of 2020, said a release from Valles, which was founded by C.S. Koo in Shanghai as a family business in 1917."We take great pleasure in concluding a newbuilding contract with the esteemed yard and the we look forward to further strengthening their relationship with SHIME…

Image: Golden Ocean Group Ltd

Dry Bulk Market Looks Dull

Global dry bulk fleet utilization (calculated as total demand in tonne miles transported divided by total available fleet capacity) dropped by 1.4% in the fourth quarter of 2018, reflecting the trend observed in the rate environment.According to Norway based dry bulk shipping company Golden Ocean Group, freight rates in the fourth quarter of 2018 disappointed compared to expectations, in particular for the Capesize vessels, which declined from the previous quarter.The Panamax and Supramax markets were relatively unchanged from the previous quarter…

Pic: Hamburg Süd

China Navigation Buys Bulk Shipping Arm of Hamburg Süd

German shipping group Hamburg Süd announced that it is selling its bulk shipping business to Singapore’s China Navigation Company (CNCo), part of the Swire Group,  as it focusses on its liner business with its two container shipping brands, Hamburg Süd and Aliança.The agreement includes Hamburg Süd subsidiaries Rudolf A. Oetker (RAO), Furness Withy Chartering and the bulk activities in Aliança Navegação e Logística (Aliabulk).A.P. Møller – Maersk acquired the bulk shipping, tanker…

Photo: Oldendorff

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…

M.A.R.S. Opens New Location

Modern American Recycling Services, Inc. (M.A.R.S.),a leader in the scrap recycling industry, completed a transaction acquiring World Marine, LLC on January 22, 2019. The acquisition includes World Marine’s Alabama facility in Mobile, boasting over 4,400 feet of deep water access on the Mobile River as well as a Panamax-capacity floating dry dock.The new location will be operated under the name Modern American Recycling & Repair Services, LLC (M.A.R.R.S.). In addition to recycling services, the facility will continue to operate as a full-service shipyard.

Pic: Kingston Freeport Terminal Limited (KFTL)

KFTL Hits Container Moves Milestone

Kingston Freeport Terminal Ltd (KFTL), a Jamaican consortium formed by French global terminals operator CMA CGM and its majority-owned subsidiary Terminal Link, said it recorded the best performance ever in the history of the port of Kingston in terms of container moves.Kingston Freeport, which has leased Kingston Container Terminal, KCT, under a 30-year concession, said a total of 3,304 moves were handled within 24 hours of operation on the Post-Panamax vessel Cosco Beijing, which arrived at the terminal on January 24.

Georgia Ports Authority / Stephen B. Morton

GPA: Six 14,000-TEU Vessels Simultaneously

Georgia Ports Authority Executive Director Griff Lynch unveiled GPA's Big Berth/Big Ship program that will allow the Port of Savannah to simultaneously handle six 14,000 TEU vessels by 2024."No other single container terminal in North America has the ability to expand berth capacity at this rate," said Lynch. Currently, Savannah's Garden City Terminal is equipped to handle two of these vessels and by April of this year that number will increase to three.During his presentation…

M/v Danae. Pic: Diana Shipping Inc

Diana Shipping Fixes Danae with Phaethon

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Danae.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$8,100 per day, minus a 5% commission paid to third parties, for a period of minimum 11 months to maximum 14 months. The charter is expected to commence later today.The “Danae” is a 75…

The M/V Zhen Hua 25 departs the Port of Shanghai on January 8, 2019 with two super post-Panamax container cranes bound for PhilaPort’s Packer Avenue Marine Terminal in South Philadelphia. Image: PhilaPort

PhilaPort Awaits for Container Cranes

The M/V Zhen Hua 25 departed Shanghai, China last month with two new super post-Panamax container cranes bound for South Philadelphia.The two behemoths will navigate a lengthy global trek before reaching the Delaware River for an expected mid-March arrival to the Packer Avenue Marine Terminal, said a press note from the Port of Philadelphia."The arrival will mark another important milestone in the comprehensive modernization project underway at Packer, and highlights a key competitive advantage for shippers looking to improve time to market on the East Coast of the United States…

Image: Georgia Ports Authority

Savannah Port to Build Mega Ship Hub

The Port of Savannah will soon be able to unload six 14,000 TEU vessels at the same time. The plan, which is called “Big Berth, Big Ship”, effectively doubles the port’s capacity to handle mega-boxships. Georgia Ports Authority (GPA) Executive Director Griff Lynch unveiled the new program that will allow the Port of Savannah to simultaneously handle six 14,000 TEU vessels by 2024, a press release said.“No other single container terminal in North America has the ability to expand berth capacity at this rate,” said Lynch.

Bulk Carrier AdobeStock (Photo: Credit: Lucasz Z WEB)

BIMCO: Trade War Cease-Fire for Dry Bulk Sector

Following an almost total halt in exports of soya beans to China in the last quarter of 2018, the new year has brought new hopes for American farmers and the dry bulk shipping sector. The USDA reported that in the first four weeks of 2019 754,609 tonnes of soya beans were ready to be shipped in China, up from only 25,347 tonnes in December.In addition to the ready shipments, on February 5 and 6, the USDA reported sales totaling 3.2 million tonnes of soya beans to China, the majority of which is to be delivered between now and September 1…

(L-R) m/v Crystalia and m/v Maera. Pic: Diana Shipping Inc.

Diana Fixes Crystalia, Maera with Glencore

Greek dry bulk owner Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia.The gross charter rate is US$10,500 per day, minus a 5% commission paid to third parties, for a period of minimum 14 months to maximum 17 months. The charter is expected to commence on February 23, 2019.The “Crystalia” is a 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014.Additionally…

Image: Oldendorff Carriers

Uncertainty Mounts in Dry Bulk Shipping

Uncertainty mounts in dry bulk shipping  against a backdrop of weaker growth in Chinese imports, said BIMCO."The extent of the freight rate recovery in 2018 was limited – when compared with initial expectations – by a faster-growing fleet. Q4-2018 wasn’t as strong as it often is either, but we now know that was merely the beginning of a sharp downturn. On top of that, in the first month of 2019, leading the way even further down was a massive lack of cargoes. By early February…