|.: 7-Dec-2019 :.
|CMV Expanding Fleet with P&O Australia s Duo|
British based cruise operator Cruise & Maritime Voyages (CMV) has acquired two more cruise ships increasing its fleet to eight ships in 2021.
CMV is set to take delivery of P&O Australia s Pacific Dawn and Pacific Aria in Singapore in March and May 2021 respectively, increasing lower bed fleet capacity to 9,000 berths and passenger capacity by 30% in 2021.
The duo will be officially re-named in summer 2021 following dry docking, some minor upgrade and re-livery works in Singapore before embarking on CMV maiden positioning voyages via the Suez Canal to Northern Europe.
Pacific Dawn at 70,285grt, with 798 passenger cabins and carrying about 1400 passengers will be deployed on the UK market in late May 2021, while Pacific Aria at 55,819grt, with 630 passenger cabins and carrying about 1100 passengers will be deployed on the German market under the TransOcean Kreuzfahrten brand.
"The introduction of two more ships to the global ocean fleet is the next exciting chapter of our strategic growth objectives. This will enable us to service increasing market demand for our traditional brand of cruising generated by our expanding international network of in-house sales offices and developing source markets. We have now acquired five cruise ships in just five years and are firmly on course in carrying 200,000 passengers in 2021," Christian Verhounig, CEO commented.
Chris Coates, Group Commercial Director added, "As the CMV brand continues to evolve, the growing popularity of our traditional product, classic ships and destination focused cruise programs has encouraged us to accelerate plans to add capacity to the two top European cruise markets in the UK and Germany, which represent 85% of our business."
For 2020, CMV expects close to 70% of the capacity to be sold by the year-end.
The sale of the ships will make room for the Golden Princess, which will move to P&O Australia and become the Pacific Adventure in 2020, and Pacific Encounter in 2021.
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|Maersk s OceanPro Concludes 2nd, Unveils 3rd Cohorts of Tech Startups|
Maersk s startup accelerator OceanPro has announced a successful conclusion of its second cohort of startups showcasing artificial intelligence and machine learning-led solutions developed over the last 120 days.
Four startups - Stratforge, Tripz, Linkstreet, and Shipmnts.com - have been presented at the graduation ceremony of the second cohort.
The startups co-developed solutions focused on simplifying the customer payment process, optimizing the truck/ container moves, transforming the enterprise learning to make it more customized, effective and engaging, and digitizing the document assessment process.
The company also unveiled startups that will be part of the third cohort as a continuation of Maersk s efforts "to drive industry-wide digital transformation propelled by startup-led innovations in India." The new cohort comprises four startups- Entropik Tech, Senseforth, Soroco and Ocean Frogs.
As informed, the third cohort will focus on e-commerce platforms of Maersk, optimizing the brand experience and customer journey.
OceanPro successfully launched its first set of seven startups last year that saw approximately 50% conversion to a production scale solution provider.
One of the solutions developed from the initial cohorts is now being used in inland tracking by three countries and is even scheduled for a wider global rollout. Another virtual reality (VR) solution developed also reached 12,000+ employees giving them the immersive learning experience of a Triple E vessel, one of the largest classes of containerships in the world.
"I am excited to see startups in the OceanPro cohort work on solving problems for our customers and for our teams around the world, at scale. One of the imperatives for OceanPro is to offer meaningful opportunities for the startups to accelerate their product development through direct and regular feedback from customers and end-users, and I am glad that we can live up to that promise," Navneet Kapoor, Maersk s Chief Transformation Officer and Head of its Global Service Centres, commented.
"The benefits for Maersk are real as well and we are committed to further scaling up our partnership with the thriving start-up ecosystem in India and other parts of the world," he added.
Reflecting on the year-long journey with two graduating cohorts and the launch of the third cohort, Sriram Narayanasami, The OceanPro Accelerator Program Sponsor and Global Commercial Process Head at Maersk, said:
"At Maersk, … we continue to foster innovation to fuel our transformation. Our OceanPro program supports this journey by leveraging the start-up expertise in building digital solutions that improve ease of doing business for our customers. We thank our start-ups for partnering in solving some important problems in our industry and we continue to be impressed by the depth of expertise that the start-ups bring with them."
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|Fujairah bunker fuel stocks drop most in a year ahead of IMO 2020|
Bunker fuel and other heavy distillate stocks dropped the most in a year over the past week at Fujairah in the UAE on speculation that supplies of high sulphur products are being reduced ahead of the International Maritime Organisation’s 2020 mandate, data released Wednesday by the Fujairah Oil Industry Zone, FOIZ, showed.
Inventories of heavy distillates and residues, including fuel oils used for marine bunkers and power generation, fell 17 percent during the period from 25th November to 2nd December.
The 17 percent drop was the biggest since 26th November, 2018, data compiled by S&P Global Platts showed. Stocks as of Monday stood at 12.786 million barrels, double the level seen at the end of last year. The 0.5 percent sulphur IMO marine fuel cap takes effect on 1st January, 2020.
"One of the reasons for the stockpiles to go down would be that suppliers and storage facilities have now stopped procuring/importing those products which will become redundant for marine fuel use from January 1, 2020," said Apurva Mali, sales manager at Masc Co DMCC, a broker in bunker fuels in Dubai.
"We re nearly there with the deadline almost three weeks away. Any and all buyers of marine fuel at this stage would only buy compliant fuel. They need to have their tanks flushed with compliant fuel for at least one refuelling so the mixing does not result in higher sulphur content from January 1, 2020."
A source in Fujairah, however, said traders moved supplies of high sulphur fuel oil to Asia to reduce HSFO inventories in Fujairah.
Total stocks including heavy, middle and light distillates on December 2 stood at an eight-week low of 20.817 million barrels, down 11 percent for the week.
Light distillates, including gasoline, dropped 5 percent to 4.658 million barrels, the lowest since 11th December, 2017. Light distillates is the only category where inventories are lower for the year, down 52 percent.
Meanwhile, inventories of middle distillates, such as gasoil, diesel, marine gasoil, jet fuel and kerosene, climbed 12 percent to a two-week high of 3.373 million barrels. The stockpiles have also doubled this year.
Platts is the official publisher of the oil product data. Fujairah has the Middle East s largest commercial storage capacity for refined products.
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|Panama Canal Advisory Board and Board of Directors Discuss Waterway s Performance|
The Panama Canal Advisory Board and Board of Directors gathered this week in Savannah, Georgia, where they discussed the Canal s performance, strategic foresight, maritime trends and water issues, as part of their biannual meetings.
The Advisory Board meets once or twice a year in Panama and/or a city linked to the maritime industry. Savannah was selected this year given a significant amount of cargo, primarily containerized cargo, travels to its port after passing through the waterway, particularly since the inauguration of the Expanded Canal in 2016.
"Savannah gave us the chance to confirm the positive impact of Expanded Canal on trade, particularly coming to this new dynamic port destination, as well as to look into future opportunities in liquefied natural gas trade sourced from the new export terminal at Elba Island," said Panama Canal Administrator Ricaurte Vásquez Morales. "Multimodal connectivity out of Savannah opens further business possibilities for our common customer base. We look forward to further enhancing our joint potential."
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|Hambantota Port reports highest number of vehicles transhipment|
The Hambantota International Port (HIP) said in a statement that it had a busy week with 6 RORO ships calling at the port, discharging 18,288 vehicles in a week.
Out of the total, 16,830 vehicles were for transshipment and 1,458 vehicles were for local agencies. The discharging operation for these vessels were carried out simultaneously.
The officials said five vessels have arrived from Mumbai, Chennai and Singapore. The vessels were from the shipping lines Hoegh, NYK and Glovis all of who have Terminal Service Agreements (TSA) with HIP.
Three vessels from Mumbai have brought 1,337 vehicles, 1,055 vehicles and 5,896 vehicles respectively, while the Singapore s LeoLeader. has brought 1,462 vehicles. A vessel from Chennai has also brought 3,561 for re-exportation.
The Hambantota International Port (HIP) has reached its 1 million MT benchmark for 2019 with volumes coming from RORO, Bulk and Liquid cargo sectors.
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