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Norwegian Cruise Line s Earnings Outpace Estimates
A strong demand for cruises and the delivery of its latest ship, the Norwegian Bliss, pushed Miami-based Norwegian Cruise Line Holdings earnings over the company s earlier estimates.
The company s net income of USD 226.7 million or earnings per share (EPS) of USD 1.01 for the three months ended June 30, 2018, compared to a net income of USD 198.5 million or EPS of USD 0.87 reported in the same period in the prior year. Total revenue for the period increased 13.2% to USD 1.5 billion from USD 1.3 billion seen a year earlier.Posted On:10-Aug-2018
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HMM Hires Diana Containerships Panamax
South Korean shipping major Hyundai Merchant Marine has signed an agreement to hire a Panamax boxship from Greek company Diana Containerships.
Under the agreement between the parties, Diana s 5,042 TEU container vessel Pamina is scheduled to start working for HMM from August 24, 2018.Posted On:10-Aug-2018
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Genco s CEO Says There Are More Purchase Opportunities
The U.S.-based dry bulk shipping company Genco Shipping & Trading Limited has been very aggressive over the past few months with vessel acquisitions and there appears to be room for more. According to the company s Chief Executive Officer, John C. Wobensmith, there are still opportunities for purchases on the market.
The vessels that we bought are very high spec, very fuel efficient with the focus on 2020 and outside earnings versus the index. Those were not the easiest transactions to shake out. But because of some relationships we have, we were able to get those done.Posted On:10-Aug-2018
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Tanker Damages Dock at Ploce Port, Croatia
A tanker loaded with oil rammed into a dock in the Croatian Port of Ploce, causing significant damage that left the port s liquid cargo terminal inoperable.
According to local media, the tanker smashed into the dock causing a portion of the quay wall and the unloading infrastructure to fall into the sea and sink. The vessel in question has been identified as STI Poplar, a Marshall Islands-flagged oil/chemical tanker built in 2014.Posted On:10-Aug-2018
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1.2 ton of cocaine smuggled on board of GRIMALDI ro-ro ship at Santos
Security at Santos port, Brazil, spotted suspicious activity at Italian ro-ro ship GRANDE NIGERIA seaside at dawn Aug 7, on CCTV cameras. A speedboat came alongside berthed GRANDE NIGERIA, some objects were hoisted from boat to ship s cargo deck, i.e. there were people on board waiting for boat with its cargo. Police and Port Security officers couldn t reach the ship in time to detain perpetrators, during ship s search 18 suitcases were found in containers with rice and scrap. Waterproof suitcases contained cocaine, of 1.2 ton total weight. An investigation was launched, probing both port workers and crew probable involvement. GRANDE NIGERIA left Santos on Aug 9, bound reportedly, for Europe, hopefully with all crew on board. Containers where suitcases were hidden were destined for Antwerp.Posted On:10-Aug-2018
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NRF: US Imports Set Records ahead of New Tariffs
Imports at major retail container ports in the US have set two new records this summer and are expected to set another one this month on the back of a rise in retail sales as retailers rush to bring merchandise into the country ahead of the new tariffs on products from China.
According to a report by National Retail Federation and Hackett Associates, ports covered by Global Port Tracker handled 1.85 million TEUs in June. That was up 1.6 percent from May and up 7.8 percent year-over-year.Posted On:10-Aug-2018
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20 tons of hashish found on research ship, intercepted in Med
Panama-flagged ship REMUS was intercepted in international waters in central Mediterranean on a final stage of a joint operation carried out by Montenegro police, US s DEA and Italian police. 20 tons of hashish worth 65 mil euro were found on board of the ship, 11 Montenegro citizen were arrested. According to Montenegro officials statement, REMUS left Montenegro s Zelenika and sailed to Morocco, where she loaded hashish, and was intercepted on the return trip. According to available information and databases, arrested ship can be identified as research ship REMUS, positioned at Palermo Italy since Aug 2. Her AIS track though, differs from official story in some details, but the ship was in Morocco waters for some time. Probably, there was some tampering with AIS data.Posted On:10-Aug-2018
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Trafigura Wants to Build VLCC Terminal in Texas Gulf
Trafigura s Texas Gulf Terminals, Inc. has applied for a permit to build a new offshore deep water port facility in the Gulf of Texas. The application is in line with the U.S. crude oil production surge and accompanying growth in oil exports.
As disclosed by the global commodities trader, the terminal would have the capability to load very large crude carriers (VLCCs) and other tankers directly and fully via a single-point mooring buoy system (SPM).Posted On:10-Aug-2018
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Cecilie Maersk Collides with Fishing Vessel
Maersk Line s 1,827 TEU containership Cecilie Maersk collided with a fishing vessel on August 7, while en route to Le Port, Reunion, a small island in the vicinity of Madagascar.
"The fishermen were rescued and no injuries were sustained. The fishing vessel has reported sustaining hull damage. All relevant authorities have been notified and the incident has been reported to the vessel s P&I Club, insurers and flag state," Maersk Line confirmed to World Maritime News in an emailed statement.Posted On:10-Aug-2018
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Maersk, IBM Unveil Blockchain Shipping Solution
A.P. Moller - Maersk and IBM have created TradeLens, a solution jointly developed by the two companies to apply blockchain to the world s global supply chain. This follows the January announcement when the duo unveiled the collaboration aimed at offering a global trade digitization platform by using blockchain technology.
As explained, the new blockchain-enabled shipping solution is designed to promote more efficient and secure global trade, bringing together various parties to support information sharing and transparency, and spur industry-wide innovation.Posted On:10-Aug-2018
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US Releases Another List of Chinese Imports to Face Tariffs
The United States Trade Representative s office has unveiled a list of around USD 16 billion worth of imports from China that will be subject to a 25 percent additional tariff. As informed, the country s Customs and Border Protection will begin to collect the additional duties on the Chinese imports on August 23, 2018.
The move is part of the US response to China’s trade practices related to the US-called "forced transfer of American technology and intellectual property."Posted On:10-Aug-2018
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India for changes in coastal shipping pact with Bangladesh to push transshipment
Container shipping lines and port operators are seeking a change in the bilateral coastal shipping agreement signed between India and Bangladesh to permit transshipment of Bangladesh cargo from Indian ports.
The India-Bangladesh coastal shipping agreement covers only origin-destination cargo between the two neighbouring countries.
"We have started discussions with authorities in Bangladesh to allow transshipment of their cargo from Indian ports," Capt Deepak Tiwari, Chairman of the Container Shipping Lines Association (CSLA), said.Posted On:10-Aug-2018
Credits: www.bunkerportsnews.com |
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UAE shipping firm Tristar buys Dubai chemicals terminal
UAE-based shipping firm Tristar has consolidated its presence in Dubai s Jebel Ali Free Zone (JAFZA) with the acquisition of the Shell Chemicals terminal.
The Shell Chemicals terminal is situated on a 21,000 sq m lot and consists of nine storage tanks with a capacity of 5,505 cubic metres, a jetty with three pipeline connections to the tanks, truck loading gantry and drumming facility.Posted On:10-Aug-2018
Credits: www.bunkerportsnews.com |
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Cargo handling by Mwani Qatar jumps
Qatar Ports Management Company (Mwani Qatar) has released data on its performance in July 2018. 122,447 TEUs of containers were handled in July, an increase of 27,536 TEUs from June, when 94,911 TEUs were handled.
General cargo handling, too, went up sharply in the same period - from 164,080 tonnes in June to 295,714 tonnes in July, a rise of 131,634 tonnes. Similarly, there was an increase in roll-on, roll-off units as well, going up from 4,845 units in June to 6,071 units last month - a difference of 1,226 units, the data showed.Posted On:10-Aug-2018
Credits: www.bunkerportsnews.com |
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HQ Upgrade Meets Port Growth Needs
Construction is nearly complete on the Pilbara Ports Authority s new integrated marine operations centre in Port Hedland, which is expected to oversee 6000 shipping movements every year.
The 35m tall, $70.8 million project towers over its closest neighbour, the Esplanade Hotel, in Hedland s West End and is expected to be completed by the end of this year in time for an official opening in April 2019.Posted On:10-Aug-2018
Credits: www.bunkerportsnews.com |
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Kalmar and HHLA Container Terminal Burchardkai strengthen partnership with order for next-generation electric and hybrid
Kalmar, part of Cargotec, has concluded a deal with Hamburger Hafen und Logistik AG (HHLA), the leading European port and transport logistics group, to supply a total of 10 new straddle carriers. This brings the total number of Kalmar straddle carriers ordered by HHLA in the last two years to 30, further demonstrating the strong relationship with Kalmar and the company s commitment to Kalmar equipment. The order was booked in Cargotec s 2018 third quarter order intake, with delivery scheduled to take place in Q1 2019. Established in 1968, HHLA Container Terminal Burchardkai (CTB) is the largest facility for container handling in the Port of Hamburg.Posted On:10-Aug-2018
Credits: www.bunkerportsnews.com |
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