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Saturday, February 23, 2019

Chang Keun Yoo. Photo: HMM

HMM CEO to Step Down

Chang Keun Yoo, president and CEO of South Korea container line Hyundai Merchant Marine (HMM)  has decided to resign from his position next month.Chang-Keun Yoo has been Chief Executive Officer and President of Hyundai Merchant Marine Co. Ltd since April 02, 2013 and serves as its Chairman of the Board. Yoo served as an Executive Vice President of Hyundai Merchant Marine Co. Ltd., and Head of HMM Europe Ltd.According to a report in WSJ, he has offered to resign after months of being under pressure from its top creditor to quit over failures in its turnaround.

Pic: A. P. Moller - Maersk

Maersk Eyes Better Results in 2019

Danish shipping group Moller-Maersk said that although it  had a challenging start to 2018, looking at the financial performance, it increased earnings despite significantly higher bunker fuel prices and lower than expected container volume growth in the second half of 2018.A.P. Moller-Maersk is forecasting higher profits in 2019 and Soren Skou, CEO of Moller-Maersk, said in a statement that its "profitability needs to improve".Profitability was in line with the latest guidance for 2018…

Photo: A. P. Moller - Maersk

A.P. Moller-Maersk Accelerates Transformation

Progress on the transformation of A. P. Moller - Maersk continued in 2018. Customers benefited from integrated offerings, digital solutions and robust network improvements. Since 2016, the topline has grown by 43%, to $39bn in 2018, an additional $12bn in turnover.“In 2018, we made significant progress in implementing our strategy. With the expected demerger and listing of Maersk Drilling in April, the separation of our Energy-related businesses will be almost complete. We have successfully integrated Hamburg Süd…

Photo: City of Glasgow College

Royal Seal of Approval for Glasgow College

The Princess Royal visited City of Glasgow College’s Riverside campus to mark 50 years of maritime education and training on the banks of the River Clyde. Her Royal Highness was given a tour of the campus’ technologically advanced facilities where she met with cadet students and staff from its Faculty of Nautical and STEM. She was also shown a letter written by 1st Earl Mountbatten of Burma, her great uncle, who officially opened the original Glasgow College of Nautical Studies…

Photo courtesy of Witherbys

Witherbys Releases ‘Ship Lay-up Guide’

Witherbys, in conjunction with BIMCO and International Shipcare, released the Ship Lay-up Guide this week.This new publication is a comprehensive guide to best practice when placing a ship into lay-up and is an essential aid for any ship owners/managers considering ship lay-up.Fully illustrated, with numerous real-world examples, this guide explains why a ship is placed into lay-up and the types of lay-up, as well as providing the reader with information on appraisal, planning, procedures at the lay-up site and reactivation.

Photo courtesy of LRPA

Little Rock Port Authority Reports January Shipping

The Little Rock Port Authority (LRPA) and its stevedore partner, LSI, worked 39 barges and more than 58,000 net tons of cargo loaded or unloaded from barges.The slackwater dock handled 30 barges; nine were worked at the main river terminal. Commodities handled included nepheline syenite, potash, triple, steel coils and wire rod coils.The 39 barges worked are 12 more than the number worked in January of 2018 and tonnage is up over January 2018 by 17,000 tons. February 2019 is expected to exceed February 2018 as well.

National Geographic Venture 1 (Photo: Inmarsat)

Fleet Xpress on New National Geographic Ship

Inmarsat was chosen to provide connectivity through Fleet Xpress for Lindblad Expeditions-National Geographic’s new adventure cruise ship, National Geographic Venture.The expedition ship, designed to explore the coastal waters, shallow coves and fast-moving channels where wildlife congregates, completed its first cruise around the Galapagos Islands in December 2018 before moving to Baja California. It is also destined for the Pacific North West coast and Alaskan cruising in the next few months.Built by Nichols Brothers…

Martin Byrne, CEO. Pic: Port Nelson

Port Nelson CEO Martin Byrne to Stand Down

New Zealand's Port Nelson chief executive Martin Byrne has announced he will stand down from his position at the end of September.Byrne commenced the role in January 2004 and has led the organisation through the last 15 years.Over that period cargo volumes have grown from 2.45 million Revenue Tonnes (RT) in 2003 to 3.6 million RT in 2018, container volumes from 44,632 to 121,483 TEU and revenue from $25.4 million to $67.2 million.During the period from 2004-2018 total funds returned to shareholders by way of annual dividends…

File Pic: Navios Maritime Containers

Navios Names Two Directors

Monaco-based seaborne shipping company Navios Maritime Containers  announced the appointment of Stefan Kuch and Vasilios Mouyis to its Board of Directors.The owner and operator of container ships informed that Kuch has over 32 years of experience in finance and ship finance, having served in senior leadership positions in the shipping division of Commerzbank AG, one of Germany’s leading financial institutions.He also served as Managing Director of Hanseatic Ship Asset Management GmbH, a vessel-owning company within the Commerzbank Group.

Paul Jennings (Photo: North P&I Club)

North P&I Club: 200mGT for 2019 Renewal

North P&I Club has concluded its 2019 renewal and for the first time in the Club’s 159-year history, is projecting total entered tonnage to exceed 200 million gross tons.“Our 2019 renewal strategy was very clear," said Paul Jennings, CEO, North P&I Club. "We provided ongoing support to Members dealing with persistently challenging trading conditions through our decision not to declare a general increase.

The sound part of the vessel Maersk Honam, which was hit by a serious fire last year, is being transported to Hyundai Heavy Industries Shipyard in South Korea, where it will be rebuilt.  Photo: Maersk

Update: Maersk Honam Heads for Rebuild

The sound part of the vessel Maersk Honam, which was hit by a serious fire last year, is being transported to Hyundai Heavy Industries Shipyard in South Korea, where it will be rebuilt. The sound section of Maersk Honam was successfully loaded aboard the heavy-lift vessel Xin Guan Hua on open waters outside Dubai (UAE) on Saturday, 2 February. It was expected to pass Singapore Strait on Monday, 18 February 2019. The heavy-lift vessel will deliver the 228.5-metres-long section from midship to stern at Hyundai Heavy Industries Shipyard in South Korea in March…

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…

From left to right - Cosco Shipping Lines: Wang Kunhui (General Manager of Latin America/Africa Trade division), Tao Weidong (Deputy Managing Director), Chen Shuai (Deputy Managing Director), Wang Haimin (Managing Director) - Bolloré Transport & Logistics: Cyrille Bolloré (CEO), Philippe Labonne, (Deputy CEO), Michel Sibony (Head of Middle Office) et Sébastien Beuque (Shipping Director). Photo: Cosco Shipping  Lines

Cosco, Bolloré in Logistics Partnership

China’s container shipping company Cosco Shipping Lines signed a strategic Memorandum of Understanding (MoU) with Africa-based Bolloré Transport & Logistics to develop new opportunities in transport, logistics and port infrastructure.The two companies, partners for over 20 years, want to densify their commercial relations while exploring new opportunities for cooperation in transport, logistics and port infrastructure.Through this agreement, the two companies have agreed to explore…

Pic: Nordic American Tankers

Nordic American Tankers Still in the Red

Nordic American Tankers (NAT) reported a net loss for 4Q2018, came in at -$10.5 million. This was a substantial improvement from the previous quarter (3Q2018) which saw a net loss of -$37.9 million. "It is important to note that we have concluded a refinancing of the company with CSG CSG Investments, Inc, funded by Beal bank Texas, USA. This refinancing strengthens the position of nat going forward. The new capital structure allows for greater flexibility as regards dividend payments," the Bermuda-based company said.NAT is well positioned in the tanker market, it added.

File Pic: Navios

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.

Mike Schulte (Photo: McCarthy)

McCarthy Promotes Schulte

McCarthy Building Companies, Inc. Southern Region has promoted Mike Schulte to Vice President Operations for the Marine/Industrial Business Unit. In this role, Schulte is responsible for oversight of the marine and industrial industries. He will manage all marine, port client and industrial relationships as well as projects in Texas and across the Gulf Coast. He possesses strong ties to the market and brings a depth of experience in the industry. Additionally, Schulte will lead the new Channelview office, set to officially open on Feb.

Captain Louis Rhéaume (Photo: MSRC)

Captain Rhéaume Joins MSRC

Captain Louis Rhéaume has joined the team at Maritime Simulation and Resource Center (MSRC).At MSRC Captain Rhéaume will supervise the implementation of maritime expertise projects and provide his professional and administrative experience to the pilots in training. Captain Rhéaume is a graduate of the Institute maritime du Québec and holder of a Master Foreign Going Certificate. He was a pilot on the St. Lawrence River in the Quebec-Escoumins sector from 1984 to 2018, President of the Lower St.

Chris Allard, CEO, Metal Shark. Photo: Metal Shark

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…

Pic: Hapag-Lloyd

Hapag-Lloyd Gets Ratings Upgrade from Moody's

The international rating agency Moody’s has upgraded the German cargo container shipping line, Hapag-Lloyd AG's corporate family rating (CFR) to B1 from B2 and its senior unsecured bond rating to B3 from Caa1. The outlook remains stable.According to Moody's release, the improved rating acknowledges Hapag-Lloyd’s progress in integrating United Arab Shipping Company Limited (UASC) while reducing leverage and generating positive free cash flow on the back of tight cost management and increased efficiencies…

VT Halter: $1.5m Design Deal for NOAA Ship

VT Halter Marine was selected for Phase 1 Preliminary/Contract design for the National Oceanic and Atmospheric Administration (NOAA) AGOR Variant (NAV). For the NAV program VT Halter Marine teamed with Gibbs & Cox, Inc. to provide NAVSEA and NOAA a design approach that will deliver efficient and multi-mission effective NOAA AGOR Variant (NAV) Ships. Together, the design team brings together a group of companies with more than 160 years of combined experience in designing. Naval…

Ricaurte Vasquez. Pic: Florida State University

Panama Canal Appoints New Administrator

The Panama Canal Board of Directors announced the appointment of Ricaurte Vasquez as the next Panama Canal Administrator.According to a press note from the artificial 82 km waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean, Vasquez will take office on September 4, 2019, succeeding current Administrator Jorge L. Quijano, who concludes his seven-year term at the helm of the waterway.The decision was made by the Board of Directors in accordance to an independent…

Photo: WCI

WCI Honors Senator Duckworth

On February 12, 2019, Senator Tammy Duckworth (D-IL) received Waterways Council, Inc.'s (WCI) 18th Annual Leadership Service Award for her continual championing of ports and inland waterways. She was presented the award by Wade Beasley, Business Representative, Carpenters Local 174, Chicago Regional Council of Carpenters. WCI President & CEO Mike Toohey said, “Senator Duckworth is an American hero, and a stalwart advocate for the inland waterways in her state of Illinois, and throughout the United States.

Photo: Danica

Danica Takes on Ultramax New Building

Danica has announced it has been entrusted with the crew management of the newbuilding ultramax Port Imabari for Lisbon headquartered Portline Bulk International.Delivered in January, the 63,500 DWT Port Imabari, equipped with four 30.5 tonnes (SWL) grab cranes, was built at Japan’s Imabari Shipyard. The Marshall Islands-flagged bulk carrier brings Danica’s fleet of crew managed vessels to 23.Henrik Jensen, Danica Managing Director, said: “We thank the owners for the trust they…

Photo: APL

APL: New Asia Australia Express 2

APL launched a new weekly Asia Australia Express 2 (AAX2) service that will connect the key Southeast Asian ports of Vietnam, Malaysia, Singapore and Indonesia to the two major eastern Australian cities of Brisbane and Sydney.The AAX2 service is poised to be the only service in the market with a direct call from Ho Chi Minh to Australia. Promising the industry’s fastest transit time, an AAX2 shipment from Ho Chi Minh to Brisbane and Sydney will take just 16 days and 18 days respectively.

Håvard Sæverud (Photo: ACE Winches)

ACE Winches Strengthens Grows

ACE Winches Norge AS, the Norwegian branch of internationally recognized ACE Winches, has strengthened its Scandinavian presence by relocating to the center of Stavanger and the appointment of a new sales and business development manager.Håvard Sæverud has over 20 years’ experience in applications engineering within the lifting, pulling and deploying sector and will be supported by a project management team in bringing a range of specialist services to the Scandinavian market.ACE provides a range of engineering, design, project management, and equipment hire services to the global markets.

Godmother Rikke Eskjær and Olav Nakken, CEO of Kleven verft A/S after naming sereminy and delivery of Mærsk Maker. Photo: Olav Thokle - Fotomaritim

Kleven Delivers Maersk Anchor Handler

Maersk Maker, the sixth and last of a series of six anchor handlers for Maersk Supply Service A/S, was delivered from Norwegian shipyard Kleven on Thursday.Built for operation in deepsea depths, the M-series vessel Maersk Maker had a naming ceremony at Kleven yard, with Rikke Eskjær as godmother. The vessel will leave Kleven in a few days, heading to Aberdeen and the spot market in the North Sea.Maersk Maker is of the Salt 200 type and has an open deck area of more than 800m2, with 102m2 covered deck area as well. She is also equipped with anchor handling winch of 450 tons.

During the ribbon cutting ceremony marking the formal inauguration of BICT’s multifaceted expansion program. Photo: ICTSI

ICTSI Expands Batumi Container Terminal

Philippines-based port operator International Container Terminal Services, Inc. (ICTSI) has inaugurated the newly-expanded Batumi International Container Terminal (BICT) in Georgia.The expansion encompasses both the waterside and landside areas of the multipurpose terminal, intended to optimize the processing of existing cargo flows and install additional capacity to accommodate new business.Marking the importance of the occasion, the inauguration was attended by Giorgi Kobulia…

Pic: Port of Rotterdam. Photo: Eric Bakker

Rotterdam Port Achieves TEU Milestone in 2018

Europe's largest port, the Port of Rotterdam ended 2018 with a total container throughput at 469.0 million tonnes (MT) which slightly higher than in 2017,  which was itself a record year (467.4 MT).Container transhipment was the engine of growth again, with a 4.5% increase in tonnage. Measured in TEUs, the standard unit for containers, the increase was 5.7% and the annual total was 14.5 million TEUs – also a record.This strengthens the position of Europe’s largest container port in this strategically important market segment.

Pic: King Abdullah Port

King Abdullah Port Inaugurated

Saudi Crown Prince, Deputy Premier and Defence Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud inaugurated the King Abdullah Port in Rabigh.The Saudi Arabia’s State News Agency (SPA) reported that Saudi Arabia moved one step closer to its goal of becoming a global logistics hub with launch of the King Abdullah Port.The port, part of King Abdullah Economic City, will make the Kingdom “a linking point of three continents, Asia, Europe and Africa,” the crown prince said at the launch.Minister of Transport Nabil Al Amoudi said the port…

Photo: ONE

ONE: Loading Record Exceeding 19000 TEUs

MOL TRIBUTE, operated by Ocean Network Express (ONE), renewed a loading record with 19,190 TEUs (including 38 TEUs void slots). The previous loading record was 18767 TEUs by MOL TRADITION in late December 2018. MOL TRIBUTE, which is deployed in ONE’s Far East Loop 2 (FE2) service in THE Alliance (THEA), achieved the record on her Singapore westbound departure to North Europe on 11 Feb 2019, and it was the first time for ONE to surpass 19000 TEUs containers onboard.

Logo: Inmarsat

Inmarsat: In Support of Maritime Start-ups

Inmarsat  has joined forces with tRainmaking’s Trade and Transport Impact (T&TI) and Bluetech Accelerator to create initiatives that directly support start-ups focused on IoT and big data innovation in the maritime, ports and logistics supply chain.The programs will fund, support and mentor start-ups developing applications that aim to harness the power of IoT and big data to enhance safety, efficiency and sustainability. Inmarsat will collaborate with those start-ups to find a route to market via its global…

“The underwater cleaning industry has historically been very fragmented, with small players offering inconsistent services," said Shaun Harbinson, Chief Commercial Officer, THC. "With the Schulte Group and the THC team combining their forces, we are able to expand our technology quickly into other regions.”

Schulte Group Acquires Stake in TecHullClean

Schulte Group acquires TecHullClean to expand its range of IMO-compliant underwater inspection, repair and maintenance solutionsSchulte Group, Hamburg, Germany, acquired a majority stake in TecHullClean Limited (THC), a Singapore registered underwater inspection, repair and maintenance (IRM) technology company headquartered in Singapore and Algeciras, Spain and with further subsidiaries in Spain, Gibraltar and Ghana.THC specializes in underwater hull cleaning, inspection and propeller…

Pic: MOL Chemical Tankers

MOL, Den Hartogh Form Chemical Logistics Alliance

Singapore-based MOL Chemical Tankers (MOLCT) and Dutch Den Hartogh Logistics have established a strategic alliance to jointly develop and streamline liquid chemical logistics services utilizing tank containers, parcel chemical tankers and tank terminals.MOL Chemical Tankers is one of the global leaders in ocean transport, specializing in chemical parcel tankers for bulk liquid chemicals and vegetable oil and animal fats.As strategic partners MOLCT and Den Hartogh Logistics offer their customers in the petrochemical industry truly global supply chain solutions…

Stuart Nicholls (Photo: Shoreham Port)

Shoreman Port Announces Changes in Board

Shoreham Port bid farewell to Stuart Nicholls, who has been on the Board for six years. Nicholls joined the Board in January 2013, with more than 25 years of experience in shipping and marine services. In 2016 Stuart chaired a new subcommittee of the Board – the Compliance Committee. His maritime and safety expertise made Nicholls the ideal candidate to lead this Committee and to question and challenge the Port’s safety culture.Replacing Nicholls, Shoreham Port welcomes Sir Alan Massey to the Board.

V. Group Acquires Global Marine Travel

V.Group  acquired Global Marine Travel (ISS GMT) from Inchcape Shipping Services.The addition of GMT to V.Group’s travel portfolio doubles ticketing volumes, strengthens the management team and will enable the creation of a combined operational hub in the Philippines. At the same time, it bolsters existing travel operations with two additional International Air Transport Association licences. Both businesses will eventually operate under the GMT brand.Last year, V.Group outlined a strategy of focusing on developing its six key services lines…

Aerial view of the port of Marseille. (Photo: Port of Marseille Fos)

French Port: First Phase of Subsea Cables

The port of Marseille-Fos sets the path towards the maritime data-hub concept: a global digital gateway offering smart and reliable landing infrastructure for subsea cables.Globalization does not simply mean more ships; it also means more information flows. No wonder that data traffic is predicted to grow at a rate of 45% per year over the next decade. This dramatic increase in volume, along with the diversity of the content which is exchanged, requires upgraded interconnection infrastructure as well as data storage facilities. The port of Marseille-Fos is ready.

Image: Vandegrift

Maersk Acquires Customs Broker Vandegrift

Danish shipping giant A.P. Moeller-Maersk A/S has acquired Vandegrift, a US-based customs house broker,  as the ocean container line pushes further into land-based logistics services and operations. This is the first acquisition of the year in the fast-growing logistics sector.“Vandegrift’s expertise and reputation enables us to place a trusted advisor in front of our customers to design and build individualized Customs Brokerage and Compliance programs that identify risk and provide solutions.

The One Sea ecosystem aims to enable autonomous maritime transport by 2025 
Photo: Wärtsilä

One Sea Gets Funding Boost

One Sea, the alliance that brings together leading exponents of autonomous ship technology, has secured new funding to support its role as business ecosystem, at the same time adding Shipbrokers Finland as a new partner.An injection of public funds via Business Finland will contribute to the ecosystem’s work for the next three years, as technology partners push forward with further sea trials and One Sea rolls out a far-reaching autonomous shipping standards initiative.The One Sea ecosystem aims to enable autonomous maritime transport by 2025…

Photo: Wilhelmsen

Wilhelmsen, Hitachi Deliver XRF Analyzers

Signing a supply agreement with Hitachi High-Tech Analytical Science (Hitachi High-Tech), Wilhelmsen will supply Hitachi High-Tech’s industry-leading handheld XRF analyzers to the maritime market, enabling vessel crews to accurately and efficiently test the sulphur content of their fuel, on the spot.With the International Maritime Organization’s 0.50% global sulphur cap on marine fuels set to come into force on January 1, 2020 and discussions on enforcement strategies and potential penalties for non-compliance gathering pace…

Søren Emil Dam  (Photo: Dan-Bunkering)

Dan-Bunkering Promotes Bunker Trader

Dan-Bunkering promoted  Bunker Trader Søren Emil Dam to Bunker Trader & Team Leader as of February 1, 2019.Søren Emil Dam is a Danish national and joined Dan-Bunkering’s Danish head office in Middelfart in 2013. One year after his employment, he relocated to become part of the company’s Middle Eastern office in Dubai.  Søren has during his engagement with Dan-Bunkering demonstrated excellent leadership skills, dedication and business acumen, making his advancement to Team Leader an obvious next step in his career.

Photo: Ceva Logistics

CMA CGM Aims for Ceva Logistics Breakeven in 2019

CMA CGM is aiming for Ceva Logistics to break even this year, its finance chief said on Tuesday, as the French shipping group opened a share offer to cement its control of the Swiss freight specialist.CMA CGM's public tender will offer other shareholders 30 Swiss francs ($29.75) per share, valuing Ceva at 1.67 billion francs, a price agreed after Ceva rejected a takeover bid in October from Danish freight firm DSV.Marseille-based CMA CGM, one of the world's largest container shipping lines, became Ceva's core shareholder when the Swiss company floated on the Zurich stock market last year, as p

Photo: Sherwin-Williams

Sherwin-Williams' Schultz Honored

SSPC (The Society for Protective Coatings) named Mark Schultz, Government Marine Project Development Manager for Sherwin-Williams Protective & Marine Coatings, winner of the 2018-2019 John D. Keane Award of Merit. The award recognizes Schultz’s 25 years of significant contributions to the development of the protective coatings industry and to SSPC.Schultz was recognized with the award February 11, 2019, at the SSPC Coatings+ Conference in Orlando, Florida.Schultz, an SSPC Protective…

Matt Nani (Photo: EBDG)

EBDG Appoints Nani as Project Manager

Elliott Bay Design Group (EBDG) hired Matt Nani to join its team of naval architects and engineers as a Project Manager.  He will be responsible for the initiation, management and execution of diverse projects and will be based in the Seattle, WA office.Nani brings with him 11 years of experience in the marine industry including work with an operator, class society and consulting firm.   Nani is a licensed professional engineer in Washington and Texas, and he received a BS in Naval Architecture and Marine Engineering from the University of New Orleans.

Gallagher Named President of Gulf Marine Repair

The Board of Directors of Hendry Marine Industries, Inc. announced the appointment of Mr. John P. Gallagher as President of Gulf Marine Repair effective January 29, 2019. Gallagher, a graduate of The Webb Institute of Naval Architecture, is a seasoned maritime executive with over 30 years of leadership experience inoperations management, naval engineering, ship construction and ship repair. Highlights of Mr. Gallagher’s career include VP Operations, Derecktor Shipyard; Chief Executive, BMT International, Inc.; and President, Northeast Ship Repair.

Logo: Boskalis

Boskalis Sells Stake in SAAM SMIT Towage

Royal Boskalis Westminster N.V. (Boskalis) has signed an agreement with SAAM S.A. (SAAM) relating to the sale and purchase of the equity stake held by Boskalis in SAAM SMIT Towage. Under the terms of the agreement, the total (100%) enterprise value of SAAM SMIT Towage is valued at $560 million. Boskalis expects to receive $201 million in cash for its equity stake in the joint venture.The towage joint venture between Boskalis and SAAM was formed in 2014 which at the time covered the respective towage activities in Brazil, Panama, Mexico and Canada.

Michael Simms (Photo: BDO)

BDO / Moore Stephens Merger

The merger between accountants and advisers BDO LLP and Moore Stephens LLP in London was completed earlier this month.Clients of the merged firm, BDO, will have access to offices in over 160 countries with a presence in every major shipping location in the world.Michael Simms, Partner and Head, Shipping & Transport at BDO, said: “The merger enables us to deliver the ever-increasing range and depth of solutions demanded by our clients, who can expect the same high-quality, industry-leading service to which they have become accustomed.”

Logo: IRClass

IRClass Opens Two New Offices

The Indian Register of Shipping (IRClass) has opened two new offices in India – one located in Paradip, a major maritime port town on the east coast of India, and another in Guwahati, the largest city in northeast Indian state of Assam.Strengthening IRClass’ service network, these new offices join an existing network of 24 offices in India.The opening of an office in Assam’s Guwahati follows the recent announcement on a joint initiative with the Assam Government in further developing…

Gregg Ruhl, President and Chief Executive Officer. Photo: Algoma Central Corporation

Ruhl Named CEO of Algoma

Ken Bloch Sørensen has stepped down as president and  CEO of Canadian shipowner Algoma Central Corporation after leading the company for four years. Gregg A. Ruhl, the current Chief Operating Officer, has been named President and Chief Executive Officer and will assume that role immediately.Soerensen is said to want to spend more time with his family in Europe. He joined Algoma in April 2015 and was charged with redefining the strategic focus of the Company to include growth markets beyond North America.

Photo: Port of Boston

Conley Box Terminal Breaks TEU Record Again

The Port of Boston’s Paul W. Conley Container Terminal set a new all-time record in 2018 for volume for the fourth year in a row. The Port of Boston is the main artery of Massachusetts’ consumer economy, with imports and exports serving as vital catalysts for growth, investment and opportunity. More than 1,600 businesses across New England use the Port of Boston for importing and exporting goods.Conley Terminal handled 298,036 TEUs during 2018, serving as an efficient alternative to other U.S. East Coast ports for New England cargo.

Statement on New Measures to Protect North Atlantic Right Whales

The Chamber of Marine Commerce is issuing the following statement in response to the announcement by Transport Canada and Fisheries and Oceans Canada on shipping mitigation measures in the Gulf of St. Lawrence to help protect North Atlantic Right Whales.Bruce Burrows, President to the Chamber of Marine Commerce, said: “We are pleased that the government has made some refinements to this year’s mitigation measures that will continue to protect the endangered right whales and at…

ICTSI, Navis Announce Global Partnership

Navis, a part of Cargotec  has announced a new global partnership agreement with International Container Terminal Services Inc. (ITCSI), around a centralized pooled approach and global volume view that supports ICTSI growth strategies around the world. The partnership allows for Navis’ innovative N4 platform to be adapted more easily to ICTSI’s global footprint.By leveraging N4 within its 31 terminal network, ICTSI will be able to improve overall site functionality and deploy…

Photo courtesy of STM

The Maritime Connectivity Platform Consortium

On February 8, 2019, the Maritime Connectivity Platform Consortium (MCC) was established with a signature ceremony during the conference ‘e-navigation underway international 2019’.The Maritime Connectivity Platform (MCP) is an open source technology a digital maritime domain. It brings common internet standards to maritime navigation and transportation systems.MCP enables infrastructures for efficient, secure, reliable and seamless electronic information exchange among maritime stakeholders using available communication systems.

Image: Nakilat

Milaha Ups Stake in Nakilat

Qatar-based maritime transport and logistics company  Qatar Navigation (Milaha) has increased the company’s stake in compatriot liquefied natural gas (LNG) shipping giant Nakilat.Qatar Shipping Company, a subsidiary of Milaha, has entered into an agreement for acquiring the entire stake of Qatar Investment Authority in Qatar Gas Transport Company Ltd (Nakilat) representing 5.9% of Nakilat’s share capital.The Sale and Purchase Agreement was conditional on obtaining the consent…

Pic: International Transport Workers’ Federation

ITF Exposes Wage Theft on BlueScope Ship

Wage theft aboard a BlueScope chartered foreign-flagged ship in Port Kembla has been exposed after intervention from the International Transport Workers’ Federation (ITF).Inspections by ITF inspectors in Western Port and Port Kembla of the Panamanian registered vessel KEN EI, in January, led to $38,384 in coastal wages being paid immediately in cash to the 20 Filipino seafarers crewing the ship.“Upon arriving in Western Port, the crew on the KEN EI immediately asked our inspector…

Pic: Hafen Hamburg Marketing

HHLA Revenue, Profit Rise

German port operator Hamburger Hafen und Logistik AG (HHLA) increased its Group revenue by 3 percent to EUR 1.29 billion in the 2018 financial year (previous year: EUR 1.25 billion). The Group’s operating result (EBIT) of EUR 204 million (previous year: EUR 173 million) represents an increase of 18 percent.In total, 7.3 million standard containers (TEU) were handled at HHLA’s container terminals in the 2018 financial year. Compared to 7.2 million TEU in the previous year, this…

Branton B. "Bal" Dreyfus (Photo: Matson)

Matson Names Dreyfus VP, Alaska

Matson has announced that Branton B. "Bal" Dreyfus has been appointed vice president, Alaska, succeeding Kenny Gill, who has resigned from the company.In his new role, Dreyfus has management responsibility for all Matson operations in Alaska, including terminal operations, customer service, sales, and financial performance of the company's terminals in Anchorage, Kodiak, and Dutch Harbor. Dreyfus reports directly to Chairman and CEO Matt Cox.Dreyfus joined Matson in 1993 as General Manager…

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…

Photo courtesy of T&E

EU Defends Publishing Emissions Data to Drive CO2 Cuts

Publishing data about the emissions of all ships calling at EU ports, as proposed by the European Commission, will incentivize shipping companies to cut their CO2 while also better informing regulations to reduce emissions, green NGO Transport & Environment (T&E) has said.The EU, under pressure from industry and the International Maritime Organisation (IMO) to harmonize its monitoring, reporting and verification (MRV) system with the IMO’s system, should still require ships registered outside the EU to report their data…

The International Ship and Offshore Structures Congress (ISSC).

C-Job Naval Architects to join two ISSC 2021 Committees

The International Ship and Offshore Structures Congress (ISSC) has recently appointed representatives from Dutch Naval Architecture firm C-Job Naval Architects to two of its 2018 – 2021 committees. The ISSC is a forum for the exchange of information by experts undertaking and applying marine structural research. Mark Slagmolen, Naval Architect at C-Job, has been selected for a technical committee concerning ‘Design Methods’ and Claudia Loureiro Garcia, Lead Naval Architect at C-Job…

Aerial photography of a transshipment operation at Montoir-de-Bretagne terminal

Elengy LNG Terminal Hit Records in 2018

Elengy, a unit of the French energy company and LNG player Engie, reported record activities at its liquefied natural gas (LNG) terminals during 2018.The French LNG operator said in a press release thatits Montoir-de-Bretagne terminal also reached a number of milestones during the year. Elengy and its subsidiary Fosmax LNG berthed 215 vessels  at its facilities, with 106 TWh of natural gas delivered to the transmission network, a 13 percent jump on 2017 figures, it said.It reported…

Photo: Port NOLA

Port NOLA Sets Cruise Passenger Record

The Port of New Orleans (Port NOLA) set a new record in 2018 with 1,182,111 cruise passenger movements, up 2.3 percent compared to a year ago. A 23 percent surge in guests taking Mississippi River cruises helped buoy the total, with new and larger ships set to sail from New Orleans both in the Caribbean and on the River in 2019.A recent economic impact study conducted by LSU’s E.J. Ourso College of Business determined cruise passengers and ship crews spend an estimated $129.1 million annually in the local economy.In 2018…

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…

New President & CEO Izumisawa will guide MHI to the next stage of its development focused on global integrated engineering solutions in a world of rapid change. Photo: MHI

MHI Appoints Izumisawa President & CEO

Mitsubishi Heavy Industries, Ltd. (MHI) announced executive-level personnel changes effective March 31 and April 1, 2019 and made nominations for Directors to be proposed to the 94th Ordinary General Meeting of Shareholders scheduled for June 27, 2019. MHI also announced the appointment of Seiji Izumisawa as President & Chief Executive Officer (CEO), effective April 1, 2019, and Chief Strategy Officer (CSO), a role he holds currently. He succeeds Shunichi Miyanaga, who will take on the role of Chairman of the Board after six years as MHI's executive leader.

Image: Team Lines

Team Lines Stops Operations

Hamburg-based feeder operator Team Lines, which belongs to the Belgian Delphis Group,   will close down its business.The deteriorating market conditions in Northern Europe combined with the ongoing consolidation process in the maritime sector are said to be the reason why the Hamburg-based container feeder operator Team Lines Deutschland ceases its business operations from February 11, 2019.In a circular, the shipping company announced that In a circular, Team Lines Deutschland GmbH & Co. KG decided to discontinue all activities of Team Lines with effect from February 11th.

North P&I Club's Can Test Training Pack

North P&I Club has launched its comprehensive new series of bite-sized training packs to help seafarers avoid the contributing factors to workplace casualties, as well as unplanned events that did not result in injury, illness, or damage – but had the potential to do so.112 seafarers' lives have been lost since 2007 as a result of suspected bulk cargo liquefaction, therefore the first in North’s series of bite-sized training packs focuses on the Can Test, the International Maritime Solid Bulk Cargo Code’s complementary test for bulk cargoes.

SpotSee Promotes Glen to VP, Supply Chain

SpotSee has promoted Dale Glen from director of supply chain to vice president of supply chain.In this role, Glen is responsible for directing and coordinating supply chain processes, procurement, production and resource planning. He will be responsible for costs, personnel and the implementation of company policies as they apply to supply chain management. Other direct responsibilities include enforcing safety standards, managing customer demand, developing tools and processes…

Vincent Touya (Photo: Dachser)

Touya Joins Dachser USA

On February 1, Vincent Touya joined Dachser USA as Managing Director at the company’s US Regional Office in Atlanta.Touya is from France and has held several managerial positions during his 30-year tenure with the family-owned company. Previously, Touya was responsible for the expansion of the air and sea freight business in France and North Africa. Prior to that assignment, he was Head of Sales for Dachser France’s overland transport organization.

Photo: SCPA

SCPA: Record January Container Volume

South Carolina Ports Authority announced the strongest January on record and 12.5 percent fiscal year-over-year growth of container volume.SCPA handled 205,689 twenty-foot equivalent container units (TEUs) last month. Since the Port’s fiscal year began in July, nearly 1.4 million TEUs have crossed the docks of SCPA’s two container terminals.January also marked a record for pier container volume, or total boxes handled. SCPA moved 119,042 pier containers last month, bringing fiscal year volume to 795…

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…

Abdullah Aldubaikhi, CEO, Bahri.(Photo: Bahri)

Bahri: 24% Growth in Q4 2018

Bahri  reported a revenue growth of 24.2 percent for the quarter ending  December 31, 2018. Total revenues grew to $475 million compared to $381 million during the same period in 2017.For Q4 2018, Bahri registered a net profit of $24.3 million, a 12 percent increase over the preceding quarter’s net income of $21.6 million. Operating profit increased by 39.7 percent  to $98 million, in comparison to $73.6 million in Q4 2017. Operating profit surged 177 percent from $37 million compared to the third quarter of 2018.For the fiscal year 2018…

JJ Ha (Photo: Høglund Marine Solutions)

Høglund Appoints Ha as MD

Høglund Marine Solutions appointed JJ Ha to the position of Managing Director, Korea, effective January 1, 2019.Based in Høglund’s Busan office, Ha will play a key role in strengthening Høglund’s relationships with ship owners and shipyards in Korea and driving the adoption of LNG and electric hybrid propulsion through Høglund's crucial system integration and automation solutions.Ha joins Høglund from MTS Cooperation, a Korea-based sales agency representing equipment companies in the marine and offshore market, where he worked as Managing Director for 12 years.

Photo:Euronav

Paddy Rodgers Departs Euronav

Patrick (Paddy) Rodgers, the Chief Executive Officer (CEO) of Belgium's tanker shipping company Euronav, has decided to step down from his role during 2019 after 18 years of service.However,  he will remain in his position until a successor is appointed, said a press note from the tanker owner.Paddy Rodgers, CEO of Euronav said: “It has been a real honour and privilege to lead Euronav as CEO. The company has progressed from a family operation with 17 vessels to the largest crude tanker company in the world with 73 vessels…

Photo:IRNA

Oman Mulls Investment in Chabahar Port

Oman’s Ambassador to Tehran Saud bin Ahmad Khalid al-Barwani said that his country’s state and private sectors are keen on investing in Iran’s Southeastern port of Chabahar.Chabahar is the best center for telecommunications, economic and trade exchange and can play a very significant role to this end, he said during a meeting with the Managing Director of Chabahar Free Trade Zone Abdolrahim Kordi.“Increasing business and economic cooperation between Oman and Iran could lead to the development of relations between the two countries…

Pic: DCP Midstream

DCP Sells Terminals to NGL

Delaware-based NGL Energy Partners and Colorado's DCP Midstream have executed a purchase and sale agreement under which DCP will convey to NGL its wholesale propane business, generally consisting of seven natural gas liquids terminals in the Eastern United States.Under the terms of the agreement, NGL will acquire 100% ownership of five propane rail terminals operated by Gas Supply Resources, a subsidiary of DCP, and 50% ownership interest in a sixth propane rail terminal.The agreement also includes an import/export terminal located in Chesapeake…

(L-R) Neil McMaster, GAC Dubai’s General Manager – Contract Logistics, Ronald Lichtenecker, GAC Dubai’s Managing Director, Vadim Motlik, Lagardère Travel Retail’s UAE CEO, and Alex Pardo, Lagardère Travel Retail's Supply Chain Director (Photo: GAC Group)

Global Travel Retail Leader Selects GAC Dubai

Lagardère Travel Retail has appointed GAC Dubai’s Contract Logistics team to handle a range of goods sold at Duty Free retail stores at airports in Saudi Arabia and the future Abu Dhabi Midfield Terminal Complex (MTC).Under the multi-year agreement signed by the two companies commencing March 1st, 2019, GAC Dubai will take care of the port haulage, receipt, storage, pick/pack, transportation, customs clearance and Federal Tax Authority documentation for goods including chocolates, fine foods, fashion, beverages, electronics, cigarettes and cigars, personal care, perfumery and make-up.

Port Commission Chairman Janiece Longoria. Photo: Port Houston

Port Houston Reports Record Container Volume

The international port of Texas, Port Houston, had a record-breaking 2018 as container volume through the port grew by double-digits.The port handled handled 2.7 million 20-foot equivalent units, or TEUs, a common industry measurement for containers, last year. That's up 10 percent from 2.46 million TEUs in 2017.Port Houston Executive Director Roger Guenther announced several records were broken in 2018, including that total tonnage at Port Houston facilities set a record of 35.7 million tons…

Dante Fornari (Photo: MWW)

MWW Appoints Fornari as New CEO

Magnate Worldwide appointed Dante Fornari as its new Chief Executive Officer. Fornari is an accomplished executive with more than 25 years of experience in the Transportation and Logistics industries.As CEO of Magnate Worldwide, Fornari will assume overall responsibility for the strategic direction, long-term vision, and business strategy that will guide its business units, while concentrating on growing the business both organically and through acquisitions.Prior to joining Magnate Worldwide, Fornari most recently served as Executive Vice President of Global Logistics at OIA Global.

Image: Capital Product Partners L.P.

Product Tanker Market Looks Up

The product tanker market registered a robust recovery in the fourth quarter of 2018, partially reversing the downward trend observed in the first nine months of the year, said Capital Product Partners.The Marshall Islands' tanker company said in a stock exchange annoucement that the beginning of the quarter was weak in line with the previous quarters, as rates hovered close to historically low levels, but the market gained momentum from early November onwards.In the West, the…

File Photo: Navios Maritime Containers Inc.

Navios Containers Updates on Fleet

Monaco-based container shipping company Navios Maritime Containers has exercised an option to acquire a 2011-built 10,000 TEU containership from an unrelated third party for a purchase price of $52.5 million.The containership is chartered out at a net rate of $26,325 per day until November 2020 and $27,300 per day until October 2021, and is expected to be delivered in the first quarter of 2019.Navios Containers also entered into an agreement where it has the option to acquire one 2011-built 10…

Pic: Hapag-Lloyd

Hapag-Lloyd Redeems Bond Early

German-based container shipping line Hapag-Lloyd AG has decided to partially redeem EUR 170 million of its senior note on 11 February 2019 and prior to its maturity 2022 at a fixed redemption price of 103.375 percent.According to a press release from the transportation company, the senior note was issued in February 2017 with an aggregate principal amount of EUR 450 million. The annual coupon is 6.75 percent."This partial redemption will be done from cash proceeds, predominantly…

Pic: Eastern Pacific Shipping

Eastern Pacific Shipping, Techstars Launch Tech Accelerator

The international ship management company Eastern Pacific Shipping (EPS) has joined force with entrepreneur network Techstars to launch the first global maritime technology start-up accelerator.The EPS MaritimeTech Accelerator will be based in EPS’ headquarters in Singapore and this mentorship-driven startup accelerator partnership will be the first of its kind to target the maritime industry, said a company press release.“The merchant maritime industry is one of the oldest in the world…

CTO Raimon Strunck congratulates the apprentices for the successful completion (Photo: MV WERFTEN)

Apprentices Complete Training at MV WERFTEN

Celebrations in Wismar: Twelve apprentices – six construction mechanics, four plant mechanics and two manufacturing mechanics – from Wismar, Rostock and Stralsund received their certificates of completion today. The young men have just completed three and a half years of vocational training.The ceremony was attended by representatives of the MV WERFTEN management team, training supervisors from each of the three locations, the works councils as well as representatives of the vocational schools and chambers of industry and commerce in Schwerin and Rostock.

SeaCube Awarded U.S. TransCom Contract

SeaCube Container Leasing International has been awarded indefinite-delivery/indefinite-quantity, firm-fixed-price contracts for leasing and transportation of intermodal container equipment. Performance is from March 1, 2019, to Feb. 29, 2020. Work will be performed at multiple continental U.S. and outside continental U.S. locations. The contracts utilize fiscal 2019 and fiscal 2020 operations and maintenance funding. The U.S. Transportation Command, Directorate of Acquisition…

Photo by Matt Hildreth/HII

Newport News Shipbuilding Dedicates Habitat for Humanity Home

Huntington Ingalls Industries’ Newport News Shipbuilding division hosted a ribbon-cutting ceremony on Wednesday for a new home company volunteers built in collaboration with Habitat for Humanity Peninsula and Greater Williamsburg. The company also broke ground on its 17th joint project.Newport News joined elected officials and community leaders in welcoming Salima Kabwe and her three children to their new home in the city’s southeast community. The three-bedroom house is the 16th…

Photo: Port of Rotterdam

Port of Rotterdam Puts IoT Platform Into Operation

A new Internet of Things platform has been developed for the Port of Rotterdam Authority.The first application for hydro/meteo has recently been put into operation. With this application, the Port of Rotterdam is taking safety and efficiency a step further. The system uses an extensive network of sensors to provide accurate and up-to-date water (hydro) and weather (meteo) data particularly for the planning and management of shipping.The construction of the IoT platform was announced a year ago by the collaborating partners IBM…

The signing ceremony: (From left to right) Ho Seon Hwang (President of KOBC), Roger Tan Keh Chai (PSA Regional CEO Northeast Asia), Young-Choon Kim (Minister of Oceans & Fisheries of Korea), C.K. Yoo (President & CEO of HMM), and Myungsuk Suh (CEO of Yuanta Securities). Photo: HMM

HMM Becomes Co-owner of Pusan New Port

South Korean carrier  Hyundai Merchant Marine (HMM) announced that it has acquired joint ownership of PSA Hyundai Pusan New-port Terminal (PHPNT) in Busan.Yuanta HPNT, a company jointly established by the shipping liner and Singaporean shipping company PSA, signed a contract to purchase Waska, which holds a 50-percent stake in the terminal at a a ceremony attended by Young-Choon Kim (Minister of Oceans and Fisheries). With the acquisition, HMM regains operational control over the terminal."This sales contract includes that the private equity fund, Yuanta-HPNT will acquire stakes of Waska Inc.