28864 members and growing – the largest networking group in the maritime industry!

LoginJoin

Thursday, May 6, 2021

(Image: CMA CGM)

CMA CGM Shuffles EMED EXPRESS 2 Intra Levant Service

French carrier CMA CGM announced the reshuffling of its standalone EMED EXPRESS 2 – Intra Levant service set up, connecting Lebanon, Syria, Egypt and South Turkey effective as from mid May. The service will be extended to Iskenderun, Mersin and Damietta.One vessel of 875 TEU nominal capacity will service the route on a 10-day rotation: Beirut (LBBEY) - Tripoli (LBKYE) - Lattakia (SYLTK) - Port Said East (EGPSE) - Damietta (EGDAM) - Iskenderun (TRISK) - Mersin (TRMER).First calls are as follows: Beirut…

© MagioreStockStudio / Adobe Stock

Maersk Expects Container Shipping Tailwind to Last Amid High Demand

Denmark's Maersk said on Wednesday it expected its "exceptionally strong" performance in the first quarter to continue for the rest of the year, driven by high demand for shipping containers from China to the United States.Maersk, which handles about one in five containers shipped worldwide, said there were not enough ships available in the world to meet a surge in consumer demand, resulting in record-high freight rates.The firm's shares traded 4% higher at 0921 GMT, near a record high reached last week."The situation today is that our customers are trying to meet a very…

Image courtesy Viking

Maritime Safety: Viking Aquires HydroPen Container FiFi System

Viking Life-Saving Equipment has acquired HydroPen, the company behind the unique HydroPen container firefighting solution. HydroPen, attached to a ship’s hose and raised on a telescopic arm by a single crew member, uses water pressure alone to power its ‘drill and spray’ nozzle to penetrate a container door before switching to spray mode to extinguish a fire with water, foam or CO2 – directly at its source.HydroPen was founded in 2016 by Martin Winkel, CEO and Jesper Rosenfeldt Hansen…

© angeldibilio / Adobe Stock

US Trade Deficit Reaches Record High

The U.S. trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports, and the gap could widen further as the nation's economic activity rebounds faster than its global rivals.Manufacturers lack the capacity to satisfy the surge in demand because of resource constraints and bottlenecks in the supply chain. Inventories are very lean. Demand is being driven by a rapidly improving public health situation and massive government aid to households…

Mark O'Neil, CEO - Columbia Shipmanagement (Photo: Columbia Shipmanagement)

Columbia Shipmanagement, Seatrans Form Ship Management JV

Columbia Shipmanagement (CSM) announced it has partnered with Norwegian ship owner and operator Seatrans AS to form a ship management joint venture.The company will be named Stödig Ship Management AS will become operational from the beginning of May 2021, operating out of Seatrans’ offices in Bergen, Norway. All Seatrans’ staff will remain employed in the company.Mark O’Neil, president and CEO of CSM, said, “In Columbia Shipmanagement we recognize the particular expertise and skill sets associated with managing ships in the hard chemical trades and other special tonnage markets.

Anna Galoni has been appointed CEO of bearing and seal specialist Thordon Bearings Inc., a Thomson-Gordon Group company. (Photo: Thordon Bearings)

Galoni Named CEO of Thordon Bearings

Anna Galoni was appointed chief executive officer (CEO) of Thordon Bearings Inc., a Thomson-Gordon Group company.Galoni joined the Burlington, Ontario-headquartered company in 2007 after graduating from Queens University with a Masters’ Degree in epidemiology. Prior to her appointment in April, she held a number of senior roles in various departments including human resources director, new product development director and, subsequently, chair, Thordon Bearings, a position she continues to hold.Her appointment follows the retirement of Terry McGowan…

© Graham Flett / MarineTraffic.com

Singapore Adds 23 Charges Against Founder of Oil Trader Hin Leong

A Singapore prosecutor filed 23 additional forgery-related charges on Friday against Lim Oon Kuin, the founder of collapsed oil trading firm Hin Leong Trading Pte Ltd.Last year, police had charged the 79-year-old former oil tycoon, better known as O K Lim, with two counts of abetment of forgery for the purpose of cheating.Friday's charges accuse Lim of instigating a Hin Leong employee to forge documents supposedly issued by UT Singapore Services Pte Ltd.The paperwork stated that…

(Photo: DP World)

DP World Launches Wholesale E-commerce Platform

DP World, best known for operating ports around the world, has launched a wholesale e-commerce website that it hopes will become the global platform for businesses to buy and sell goods.The platform, Dubuy, aims to connect buyers and sellers around the world with goods offered for delivery via the supply chain of DP World and its logistics partners.Dubuy is already live in Rwanda and will soon be expanded to some east African countries including Ethiopia, Kenya and Uganda, before being rolled out across the continent.It will also be launched in markets outside Africa."We are multimodal.

© Four Lau / MarineTraffic.com

CNC Launches Three New Intra-Asia Feeder Services

CMA CGM's Intra-Asia short sea shipping arm CNC announced the addition of Semarang Express (SRG), Palembang Express (PLM) and Bangkok Express (BMT) to its services portfolio.The newly introduced SRG will call at the ports of Singapore and Semarang twice a week. Importantly, the short- and long-haul cargoes onboard SRG can be connected to the regional and global network of the CMA CGM Group via the trans-shipment hub of Singapore. It will commence its first sailing on May 3 from Singapore with the following service rotation: Singapore–Semarang – Singapore.Through the PLM service…

© masterskuz55 / Adobe Stock

i4 Insight Integrates Optimal Bunker Planning Data Through BunkerEx

A new alliance will provide shipowners and operators with real-time price, location and availability data to reveal cost-effective bunker options.i4 Insight, creators of a platform that provides a single point of access for multiple data streams and applications offering a holistic view of fleet operations, has formed an alliance with BunkerEx to incorporate optimized bunker planning data into the i4 Insight platform.The addition of BunkerEx to the i4 Insight platform will further help shipowners and operators realize greater voyage and operational efficiency and improved fleet performance.

(Image: APM Terminals Pipavav)

COSCO/OOCL’s CI1 Service to Call at APM Terminals Pipavav

APM Terminals Pipavav said it has secured CI1 (China-India Express) service operated by Cosco/OOCL. The weekly service to the Port Pipavav in India will carry Freights of all kind (FAK) for import and export to the Far East region. The first vessel, MV Beijing with the capacity of 9,500 TEUs will start sailing from Shanghai in April end and will call the port by end of May. This service will connect the hinterlands of west and north India with Far Eastern countries and provide an important connectivity to importers and exporters of Northwest India.

Photo courtesy RUSCON Group

Russian Transport, Logistics Group Opens Dutch Hub

The RUSCON Group, a Russian container cargo transhipment and railway transportation service provider, has expanded its presence in Europe with the opening of new subsidiary in Rotterdam, the Netherlands. The new Dutch company, Smartcontainer B.V. offers customized logistics services and solutions to help European shippers optimize supply chain operations and to improve the quality and speed transportation of the containers transit between Europe and Russian and the Eurasian market.“Our new company of Smartcontainer B.V.

© STOCKSTUDIO / Adobe Stock

US FMC Eases Service Contract Filing Requirements

Shippers and carriers will soon have more flexibility in meeting service contract filing requirements as the result of a rule change approved by the U.S. Federal Maritime Commission (FMC) going into effect on June 2, 2021.The final rule amends existing regulations so ocean carriers will be able to file original service contracts with the commission up to 30-days after they go into effect. Current FMC regulations require the filing of initial service contracts with the FMC before…

© alexmina / Adobe Stock

SSY Futures Completes First Handysize 38 FFA Trades

Newly launched SSY Futures Ltd announced it has completed its first Handysize 38,000-dwt FFA trades on both the Singapore Exchange (SGX) and European Energy Exchange (EEX) for the April and May contracts.Mark Douglas who is leading the new contract from SSY Futures FFA team, said, “It was extremely encouraging to see the opening days interest culminating in the April trade at 19000 and the May trades at 20500. The ever-growing liquidity down the curve is extremely promising and…

Carsten Treuer is FSG's new Head of Operations. Photo courtesy FSG

Shipbuilding: FSG Expands Management Team

Flensburger Schiffbau-Gesellschaft (FSG) is expanding its management team further: in April, Carsten Treuer starts as Head of Operations and Bernd Liedtke as Head of Sales.“I am very much looking forward to working with these two shipbuilding specialists,” says Philipp Maracke, CEO of Flensburger Schiffbau-Gesellschaft, about the expansion of his team. “Our common goal is, on the one hand, to align production even more specifically with the requirements of our portfolio in the future.

(Image: APM Terminals Pipavav)

New Weekly Service from Port Pipavav to Jebel Ali

APM Terminals Pipavav secured PIC 2, a new weekly service from Port Pipavav to Jebel Ali marking seamless weekly connectivity to Jabel Ali. The new service is scheduled to reach Pipavav on every Wednesday through the ports of Jebel Ali, Kandla, Chennai, Tuticorin and Cochin. The cargos that will be carried for import and export will include agricultural products, scrap material, bitumen, B.Meat, white goods etc.Commenting on the commencement of new service, Jakob Friis Sorensen Managing Director APM Terminals Pipavav…

© SHUTTER DIN/AdobeStock

U.S. Crude Oil Exports: When 'Less is More'

Longer sailing distances cushion fall in US crude oil exportsTon mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of 2020. The fall could however have been much worse; In volume terms, seaborne crude oil exports have fallen by 18.8%, to 20.9m tonnes, a 4.8m tonnes decline compared with last year, according to data from the US Census Bureau.While seaborne crude oil exports to all regions have fallen, those to Asia are among the least affected, down just 1.0%, or equivalent to one Aframax load (101,088 tonnes).

(Photo: Suez Canal Authority)

Coverage for Suez Canal Supply and Trade Disruptions

The six-day blockage of the Suez Canal by the Ever Given has resulted in numerous trade and supply chain disruptions for businesses that depend on timely shipments. At least 400 cargo ships were stuck and many forced to reroute. Businesses may be protected from lost profits and the costs of these interruptions and supply chain delays by insurance.Businesses that depend on the Suez Canal to deliver their cargo, commodities and products face billions of dollars of lost profits and damages.

(Photo: Port of Oakland)

Port of Oakland Reports Record Cargo Surge

The Port of Oakland reported all-time high container volume for import and export cargo in the month of March amid an ongoing trade boom exploding through U.S. ports.The port said Oakland received the equivalent of 97,538 20-foot import containers in March. It said it shipped out the equivalent of 94,169 20-foot export boxes. Both totals were single-month records at the 94-year-old port. March imports were up 45% from the same month a year ago, the port said. March 2020 was when the port felt the initial impacts of the pandemic. Exports gained 12% year-over-year.

© harlequin9 / Adobe Stock

Drifting Apart? European Firms Battle to Reach UK Clients

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

(Photo: AST)

AST Partners with the Liberian Registry for Iridium GMDSS

Maritime satellite communications solutions provider Applied Satellite Technology (AST) is partnering with The Liberian Registry as the first authorized service provider of the Iridium Global Maritime Distress and Safety System (GMDSS) for Liberian flagged vessels.As a Safety Of Life At Sea (SOLAS) convention recognized system, the Iridium GMDSS maritime emergency and distress service helps keep mariners safe in emergency situations at sea, prevent accidents via receipt of Maritime…

© STOCKSTUDIO / Adobe Stock

The Swedish Club Pairs with CWA to Reduce Cargo Claims

The Swedish Club has partnered with cargo consultants CWA International to develop its new Cargo Advice series, aiming to provide advice and information on the carriage of a wide range of cargoes that are frequently subject to claims.The new Cargo Advice gives operators a unique, in depth insight into the proper handling and carriage of these cargoes, with detailed advice on the basic characteristics of each cargo type and the measures to be taken during each stage of carriage.

© scaliger/AdobeStock

Future Prospects of Shipping COVID-19 Vaccines by Sea

The lucrative prospect of transporting COVID-19 vaccines by sea has intensified the spotlight on the maritime industry’s cold supply chain and its ability to carry high-value pharmaceuticals.At present, speed to market is critical to stemming the spread of the pandemic, so the vaccines are being shipped by air to international destinations. Delivering them by sea is a longer-term strategy; certainly, the present urgency would have to calm considerably before enough confidence could be built to support delivery times in weeks…

(Photo: LISCR)

Liberian Registry Introduces Online Services for Seafarers

The Liberian Registry has unveiled two new online platforms that aim to give seafarers easier access to apply for documents and credentials, and for taking Liberian license and upgrade examinations. The first platform is designed to allow seafarers to directly apply online for their seafarer documents necessary for sailing aboard Liberian flagged vessels at https://seafarers.liscr.com/. Further, the Liberian Registry completely overhauled and modernized its license examination…

(Photo: Port of Rotterdam)

Global Supply Lines Struggle to Clear Container Backlog After Suez Chaos

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

SC Ports reported an all-time container record for March. (Photo/SC Ports/English Purcell)

SC Ports Records Its Strongest Ever Monthly Volumes

South Carolina Ports handled the most cargo in its history in March, with the Port of Charleston handling record volumes as the Hugh K. Leatherman Terminal begins operations.SC Ports reported an all-time container record for March, moving 248,796 twenty-foot equivalent units (TEUs) across the Port of Charleston’s Wando Welch and North Charleston container terminals. This is up 34% year-over-year — a significant increase from last March.The previous container record was set in August 2019, with 233,110 TEUs handled at the port.

Jones Capital Acquires Rockport Terminals

Jones Capital said it has acquired Rockport Terminals, one of the largest private intermodal terminals on the Texas Gulf Coast.Rockport Terminals is located within 28 miles of the fast growing Port of Corpus Christi, but outside of the Port's tariff zone. With more than 250 acres of industrial land, Rockport Terminals boasts access to the Intracoastal Waterway, nearby railways and many major highways. Today, the terminal specializes in bulk liquids storage, bulk and break bulk…

© martinfredy / Adobe Stock

New Guidance Published on Marine Transport of Ores and Concentrates

Updated guidance from the International Council on Mining and Metals (ICMM) outlines the techniques required for accurate hazard assessment of ores and concentratesAiming to help minimize the risk of accidents in maritime transportation, the Hazard Assessment of Ores and Concentrates for Marine Transport: Guidance 2021 brings the previous guidance issued in 2014 in line with recent regulatory updates from the International Maritime Organization (IMO) and advancements in knowledge in assessing hazards.Through ICMM’s Mining Principles…

© Carabay / Adobe Stock

Backlogs from Suez Closure Could Take Months to Clear

The stranding of a container ship in the Suez Canal has created disruptions in the global shipping industry that could take weeks and possibly months to clear, top container shipping lines said.Around 30% of the world’s shipping container volume - including goods like sofas, consumer electronics, apparel and shoes - moves through the 193 km (120 miles) Suez Canal daily. Empty containers, which Asian factories need to ship goods, are also caught up in the backlog.“Even when the canal gets reopened…

© Igor Groshev / Adobe Stock

Global Reinsurers Stare at Massive Losses from Suez Canal Blockage

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

© vladsv / Adobe Stock

USTC Puts Digitalization on the Fast Track with BunkerEx Acquisition

USTC has acquired BunkerEx in a move to step up and streamline digitalization activities across USTC companies.BunkerEx caters to digitalization and transparency within logistics and transport, providing accessibility and optimization of online platform for fueling costs.“The acquisition of BunkerEx is a testament to our ambition to digitalize and be at the forefront of innovation and new technologies within the industry. We see great potential in BunkerEx and the team behind it…

(Photo: BlackSky)

Suez Crisis Adds to Pandemic Supply Worries

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

(Photo: BlackSky)

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

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

(Photo: Suez Canal Authority)

Ship Blocking Suez Canal Could Be Stuck for Weeks

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

(Photo: Suez Canal Authority)

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

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

(Photo: Suez Canal Authority)

Stranded Suez Ship's Owner, Insurers Face Millions in Claims

The owner and insurers of one of the world's largest container ships stuck in the Suez Canal face claims totaling millions of dollars even if the ship is refloated quickly, industry sources said on Wednesday.The 400-metre, 224,000-tonne Ever Given ran aground on Tuesday morning after losing the ability to steer amid high winds and a dust storm, the Suez Canal Authority (SCA) said in a statement, threatening to disrupt global shipments for days.GAC, a Dubai-based marine services company…

(Photo: BazePort)

New On-demand Content Service for Seafarers

A new on-demand service for movies, news and information has been built and launched for mariners working on board the typical deep-sea merchant vessels.While crew welfare in the form of modern IPTV entertainment is now part of the expected in some maritime segments, this is not the case in a typical tanker, bulk and container vessels, where the technology is often perceived as being too complicated and costly, says Norway-based BazePort.The company is now launching a new service…

© willbrasil21 / Adobe Stock

Congestion at Brazil's Largest Port Leaves Traders Scrambling

Soy and sugar traders are fighting for room in Latin America’s largest port, rushing to secure loading slots as the slowest Brazilian soy harvest in 10 years pushes the grains export window into the sugar season.Congestion was hitting Brazil’s Santos port just as consumers worldwide have been turning to top exporter Brazil for sugar and soybean supplies. The glut of shipments waiting to leave is boosting transport costs and will likely delay arrivals at destinations.Sugar prices hit a four-year high late last month, boosted by supply tightness.

Port of Vancouver USA Reports Record 2020

2020 was a year unlike any other for maritime and ports businesses globally. It was also a record-breaker for the Port of Vancouver USA, which reported the highest returns in its 108-year history: revenues totaling $50 million—a 15% increase from the previous year.The port said it moved over seven million metric tons of commodities, led primarily by energy infrastructure components. In total, more than 2,700 wind turbines crossed the port's docks, the most of any West Coast port and enough to power 112…

© Ernest Prim / Adobe Stock

Oil Demand Drag Takes a Toll on Tankers

U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand will return to pre-COVID levels, shipping and trade sources say.The global rollout of coronavirus vaccines and the expectation that government-offered stimulus packages will boost the world economy has raised expectations of a recovery in oil consumption. But fuel demand remains sluggish, keeping oil refiners under pressure and looking for ways to limit further losses.The International Energy Agency…

Zen Hong Oh (Photo: Ecochlor)

Ecochlor Expands in Southeast Asia

U.S.-based ballast water treatment sysems manufacturer Ecochlor has appointed Zen Hong Oh as Regional Service Manager for Southeast Asia.Oh has more than 11 years of involvement in the maritime industry both in shipbuilding and in project management of vessel repairs and retrofits. Prior to Ecochlor, he was Field Service Manager at Emerson Process Management Marine Solutions. He also acted as Assistant Manager of Green Technologies for Sembcorp Marine with responsibilities that…

Photo courtesy Rolls-Royce's Power Systems

Rolls-Royce's Power Systems Profitable Despite 17% Revenue Plunge

Rolls-Royce's Power Systems division has ended the 2020 financial year with an underlying operating profit of $247.3 million despite suffering a 17% drop in underlying revenue to $3.8 billion. This corresponds to an underlying operating margin of 6.5% (2019: 11.5%). As a result, Power Systems, with its product and solutions brand mtu, remained in the black during the 2020 pandemic year.Power Systems is taking advantage of the crisis to prepare for a shift in its business model…

© leeyiutung / Adobe Stock

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

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

(Photo: Port of Gdansk Authority)

Gdansk: One of Europe’s Fastest Growing Ports

The Port of Gdansk has overtaken Russia’s Port of Primorsk to become the third-busiest port for cargo shipments in the Baltic Sea.Figures show the port handled a total of 4.6 million tons of cargo in January 2021, up 8.8% year-on-year, moving the Port of Gdansk Authority into third place on the Baltic Sea podium.Russia’s Port of Ust Luga and Port of St. Petersburg held onto the top two spots, handling 9.4 million tons (+3.6% Y-O-Y) and 4.7 million tons (-0.8%) respectively. The Port of Primorsk dropped to fourth in the rankings with 4.4 million tons (-26.3%)…

Dr. Anish Shah (Photo: MLL)

Mahindra Logistics Names Anish Shah as Chairman

Mahindra Logistics Limited (MLL), a provider of logistics and people transport services, announced the appointment of Dr. Anish Shah as the chairman of the board, effective April 2. Dr. Shah will join the company's board of directors on the same date. He is the deputy managing director and group CFO of Mahindra & Mahindra (M&M) Limited. He is designated to take over as the managing director and CEO of M&M Limited from April 2.VS Parthasarathy, president - Mobility Services Sector and member of the Mahindra Group executive board…

© Stena Bulk

Stena Bulk Debuts InfinityMAX Electric Vessel Design Concept

As shipping companies face mounting societal and regulatory pressure to decarbonize, innovative alternative designs are expected to become the norm rather than the exception. Stena Bulk unveiled the InfinityMAX hybrid bulk carrier concept, intended to push the boundaries for zero carbon, multi-modal vessel design. It is electric and modular, designed to enable sustainable, zero carbon, efficient and flexible seaborne transportation.The concept is designed to carry both dry and wet cargoes in modular compartments…

© owr / Adobe Stock

Handysize 38kt Time Charter Average FFA is 'Perfect Timing'

Forward freight agreement (FFA) trades for a basket of 38,000-dwt handysize time charter rates will help operators take longer-term cover with less risk, says shipbroker Simpson Spence Young.Following an ever-strengthening charter market, SGX have confirmed a launch date for the new offering as April 19, 2021, with EEX aiming for early May pending regulatory approval. Both exchanges are keen to promote clearing of the new contract.The handysize futures market was previously based on the Baltic Exchange's old 28…

© Jim Watt / MarineTraffic.com

United Product Tankers Names Schoeller Co-managing Director

German shipping company UPT United Product Tankers GmbH & Co. KG said Matthias A. Schoeller has been named co-managing director, succeeding Stefan Ciegelski who will retire by the end of June.Schoeller, having worked as the company's chartering manager for the last 10 years, will serve as co-managing director alongside Christos Matarangas, who has been at the helm of UPT for over a decade already.Ciegelski departs UPT after nearly 45 years in shipping, including 17 as one of the…

Volker Hesse is the new head of Engineering at FSG (Photo credit: FSG)

Hesse Takes the Engineering Lead at FSG Shipyard

Flensburger Schiffbau-Gesellschaft (FSG) has a new Head of Engineering as of March 1, 2021, when Volker Hesse takes over the job. Hesse (47) is a mechanical engineer who began his career around 20 years ago at Blohm & Voss shipyard in Hamburg. Since then, he has held various positions in project management up to and including Head of Product Management at thyssenkrupp Marine Systems’ surface vessel unit. Since 2018, Hesse has been involved in the development and orientation of a consulting company as co-founder and managing partner.

Brunswick Corp. named Jason Arbuckle to a newly formed role of Marine Autonomy Technology Lead.

Brunswick Appoints Arbuckle as Marine Autonomy Technology Lead

Brunswick Corporation, in a move to to build on its ACES (Autonomy, Connectivity, Electrification & Shared Access) strategy to develop solutions to further improve boater experiences, named Jason Arbuckle to a newly formed role of Marine Autonomy Technology Lead. Arbuckle joined Mercury Marine in 1997 and has since advanced through the company, working to lead some of the company’s many award-winning innovative technology solutions. Throughout his career, Arbuckle has been instrumental…

Image courtesy Tetranet;  www.tetranetuk.com

Product Focus: Combat COVID-19 with Walk-Through Sanitizer

Tetranet is offering a solution to the maritime, offshore, ports and logistics markets an industrial walkthrough Covid19/virus and spores sanitizer as business seeks to return to normal. Designed for both inside and outside use, the company says it is ideal for  ports/harbors, terminals, onboard cruise ships, as well as on offshore rigs. Features touted by the company include: Walkthrough all body automatic harmless mist sterilization using HOCL (Hypochlorous) independently tested to kill 99.9999% of bacteria…

Future Prospects of Shipping COVID-19 Vaccines by Sea

The lucrative prospect of transporting COVID-19 vaccines by sea has intensified the spotlight on the maritime industry’s cold supply chain and its ability to carry high-value pharmaceuticals.At present, speed to market is critical to stemming the spread of the pandemic, so the vaccines are being shipped by air to international destinations. Delivering them by sea is a longer-term strategy; certainly, the present urgency would have to calm considerably before enough confidence could be built to support delivery times in weeks…

© STOCKSTUDIO / Adobe Stock

Importers Battle Surging Cargo, Commodity Costs

As Home Depot heads into its busy spring project season—when shoppers build backyard decks and buy patio furniture—it is tangling with surging costs for goods and transportation, on top of tariffs that cost it and other U.S. importers billions of dollars.Across the United States, major retailers and makers of everything from Peloton spin bikes and La-Z-Boy recliners to Kia Sorrento SUVs are battling the same profit-squeezing pressures. They pass those costs along to home-bound consumers…

Hempel A/S has launched its new sustainability framework dubbed Futureproof, an initiative that lies at the heart of the companies strategy to double its revenue by 2025 while dramatically cutting its carbon footprint and that of its clients across industrial sectors. Photo: Hempel

Hempel's "Futureproof" at the Heart of its Plan to Double its Revenues

Hempel A/S has launched its new sustainability framework dubbed Futureproof, an initiative that lies at the heart of the companies strategy to double its revenue by 2025 while dramatically cutting its carbon footprint and that of its clients across industrial sectors.“We believe that placing sustainability at the heart of how we do business is essential for our ambition to double the company. Our customers expect more sustainable solutions and today's and tomorrow's employees want to work for companies that have a clear and progressive position on sustainability.

© Diego Pincin / MarineTraffic.com

SES Networks to Power Guest Connectivity on Scarlet Lady

SES Networks is working with Virgin Voyages to provide its fleet with high-speed, low-latency connectivity. Significantly, the Wi-Fi service will be free for every sailor. Virgin Voyages’ Lady Ships will tap into SES Networks’ satellite-enabled Signature Cruise Solution. SES Networks’ Signature Cruise Solution is an end-to-end service that combines SES’s low-latency O3b satellite constellation, its upcoming next-generation O3b mPOWER system and its highly reliable geostationary (GEO) fleet to ensure seamless connectivity across the globe.

(Photo: Maersk Tankers)

Cargill, Maersk Tankers Launch Bunker Procurement Service

Cargill and Maersk Tankers are aiming to unlock more competitive and transparent bunker pricing and improved customer service through a new strategic partnership combining their bunker volumes, offering a new bunker procurement service to tramp shipping companies and trading houses. The initial goal is to procure bunker fuel for Cargill and Maersk Tankers’ combined fleet, while aiming to attract additional customers in the coming months. The service will leverage Cargill’s in-house bunker expertise and Maersk Tankers’ commercial and operational capabilities and will launch on April 1…

Mark Darley (Photo: LR)

LR Announces Maritime Executive Leadership Appointments

Among his first key appointments since taking the helm of Lloyd’s Register (LR) in January, Chief Executive Nick Brown has named three new members of LR’s executive leadership team: Mark Darley as Business Director, Marine and Offshore, Andy McKeran as Business Director, Maritime Performance Services and Philippa Charlton as Chief Marketing Officer.“LR recognizes that maritime stakeholders must rise to the demands of changing technology and the drive to decarbonize our industry.

Photo courtesy NAVTOR/Tres Solutions

NAVTOR Acquires Tres Solutions

NAVTOR continues to evolve its eNavigation solutions with the acquisition announced today of Tres Solutions, a 5-year-old Houston-based tech start up that specializes maritime software and analytics, a natural fit for NAVTOR as it pushes to expand its role in the global fleet’s vessel analytics and performance optimization. Financial specifics of the acquisition were not made available.“We (explored) the market and we ended up with Tres Solutions, the very best in the market,” said Tor Svanes…

Photo: Hapag-Lloyd

'Every Ship That is Available is Sailing,' Says Hapag-Lloyd CEO

With historically high freight rates, fleet utilization and demand, there is no end in sight for the red-hot containership market.Container shipping giant Hapag-Lloyd CEO Rolf Habben Jansen candidly said “nobody saw this coming” as “we’ve seen a spending shift from services to goods”, with consumer spending for household products and goods soaring during the pandemic, as funds usually targeted to travel, eating out and events has been diverted to home improvements, medical supplied and fitness equipment…

Credit: Kalyakan/AdobeStock

Port of Rotterdam Freight Volumes See Biggest Drop in Decade, But Smaller Than Expected

Freight volumes in the Port of Rotterdam fell 6.9% in 2020 because of the coronavirus crisis, the biggest drop in about a decade but smaller than had been expected, Europe’s largest sea port said on Friday.The port's Chief Executive Allard Castelein told reporters he expected a recovery that began in the second half of 2020 to continue this year but said throughput was not expected to reach pre-crisis levels in 2021.The fall in traffic in 2020 was the largest since 2009, taking throughput down to levels last seen in 2011, he said.Traffic took a big hit in the first phase of the pandemic, as tr