|.: 31-Aug-2019 :.
|Awilco Expects to Recover All Costs Related to WilForce Collision|
Norwegian LNG shipping company Awilco LNG said that it expects to recover all costs related to the WilForce collision in late May.
Namely, the company noted that it has "a substantial claim towards the ship responsible for the collision and expects to collect same in due course."
The 155,900 cbm LNG tanker suffered hull damage when it was hit by another vessel off Singapore on May 30. At the time, the ship was employed on a 9-12-month time charter contract. Due to the prolonged off-hire period required to repair the vessel the balance of the time charter contract was cancelled.
The vessel is currently at yard in Singapore for repairs, expected to be completed in mid-September.
"Based on an assessment of facts and legal advice Awilco LNG holds the other vessel fully and completely liable for the collision, and the company expects to recover all costs, expenses and losses from the other party, including insurance deductibles, off-hire and lost time charter hire, in due course."
The company said that the claim would not be reflected in its financial statements until the awarded compensation is determined.
Awilco LNG revealed the developments as part of its second quarter 2019 financial report.
The company s loss for the period reached USD 8.6 million, compared to USD 3.4 million seen in the previous quarter.
Related to WilForce, the company said that it recorded a net loss of USD 0.5 million in the second quarter related to a deductible and certain non-insurable costs, whereas a total of USD 1.1 million in loss of hire claim has been recognised as other income in the three-month period.
Fleet utilisation for the quarter ended at 56%, compared to 90% in the previous quarter.
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|World s largest container ship MSC Gulsun to visit Rotterdam|
Tuesday, 3 September, between 2 and 3 p.m., the port of Rotterdam expects to welcome MSC Gulsun.
The ship will be calling on the APMT2 terminal at Maasvlakte 2 in Rotterdam. With a length of 400 metres and a width of 62 metres, this vessel has a capacity of 23,756 TEU (20-foot standard containers), making it the largest container ship in the world. MSC Gulsun is the first vessel of its kind that can transport 24 containers side by side across the breadth of its hull. Until recently, the 21,413-TEU OOCL HongKong, which was taken into service two years ago, ranked as the world s largest container ship.
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|Subsequent Order For Shibatafenderteam For Phase Ii Of Aqaba Container Terminal|
The Aqaba Container Terminal (ACT) is the only container port in Jordan and the primary trade gateway for the Jordanian market, bordering five countries and three continents.
The port handles capacities of 1.2 million TEUs and 1km of berthing. Under a joint Development Agreement between APM Terminals and the Aqaba Development Corporation (ADC), BAM International, a subsidiary of the European BAM Group, built the container terminal in 2013 and the Aqaba New Port in 2014. APM Terminals has invested USD 284 million in developing the terminal s infrastructure and expanding its capacity.
ShibataFenderTeam already equipped the newly built Aqaba Container Terminal with SPC Cone Fenders back in 2013. Based on the successful delivery of high-quality fender systems, ShibataFenderTeam received the subsequent order for the extension (Phase 2) from the contractor Mantovani in 2016. Our second delivery for the terminal contained 82 SPC 1300 Cone Fender systems, 100 V Fender, 46 T Head Bollards with 100t capacity, and 48 steel safety ladders for the 460m berth extension of the container terminal.
Safety and reliability are two of SFT s core values that we share with ACT and for this reason we are very proud that we could transfer these values and our expertise to phase I and II of this comprehensive project. The Aqaba New Port is essential for the economic growth of Jordan and surrounding countries, and with a 20% increase in productivity, has already exceeded the expectations of the development project. We look forward to watching the ATC establishing its significance as a Red Sea hub.
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|Administrator Quijano Bids the Panama Canal Farewell|
Upon taking over as the Administrator of the Panama Canal in September 2012, the future appeared to be full of challenges. I was just the third Panamanian to lead the waterway, tasked with navigating the organization through a shifting industry and uncertain global economy. We were also mid-way through our Expansion Program, the largest enhancement project ever undertaken by the waterway, and beginning to advance new projects like the construction of a new bridge over the Canal on the Atlantic side.
While we still had a long way to go in our transformation, I assured the international maritime community that the Canal s legacy was rooted in embracing challenges. Our workforce was committed to ushering in a new era for world commerce and for our country. Seven years later, I can look back and say our team surpassed even our most ambitious expectations.
Since its inauguration in 2016, the Expanded Canal has proven itself as a tremendous feat of engineering and transformative force for global trade. Key segments like liquefied petroleum gas (LPG) and liquefied natural gas (LPG) have taken advantage of the route s ability to accommodate the larger vessels, offering a highly competitive route for U.S. gas deliveries to major Asian, South and Central American importers with significant reductions in voyage time. Further, the Expanded Panama Canal has contributed to significant infrastructure investments across U.S. ports in order to capitalize on economies of scale. Through this time, we have also secured a strong financial standing, as recognized by Fitch this month with an A credit rating.
Over the past seven years, the waterway has also exponentially increased tonnage while continuing to invest in its operations infrastructure and equipment thus enhancing capacity, transit efficiency, reliability and safety. Even as we celebrate our 105th year in operation, the team continues to achieve new remarkable records across segments. In the past year alone, we welcomed the transit of the first Q-Flex LNG tanker and the largest containership to-date exceeding the 15,000 TEU threshold. Just this month, we also set a new daily tonnage record with 1.706 million Panama Canal tons (PC/UMS) on August 16, and have reached the 7,000th Neopanamax transit since the inauguration of the Expanded Canal. This month we also completed the construction of the iconic pre-stressed concrete cable-stayed Atlantic Bridge over the Canal.
The Canal s strategic geographic location has enabled vessels to shorten the distance compared to alternate routes, thus reducing costs and greenhouse gas emissions. In combination with the introduction of the Expanded Canal, which offers greater cargo carrying capacity and requires less cargo movements, the waterway is estimated to have saved more than 800 million tons of carbon dioxide (CO2) emissions over the course of its history. This is in addition to the 140 million tons of CO2 captured through conservation measures in the Panama Canal watershed, and 3.5 million tons of CO2 reduced through the Canal s Environmental Economic Incentive Program.
While my time as Administrator will come to a close next month, I am deeply thankful for the performance of our dedicated workforce, supportive fellow Panamanians and loyal customers who made the past seven years so fruitful. I will leave the Canal well-positioned for its next era of growth and have tremendous confidence in the new leadership s ability to build off our strong foundation. If my 44-year long career at the waterway taught me anything, it s to never underestimate our team s ability to exceed expectations, and I look forward to watching the waterway s next chapter unfold.
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|Hambantota Port evaluates container handling options|
Hambantota International Port, a Public Private Partnership project (PPP) between the Sri Lanka Ports Authority and China Merchant Port Holdings is currently evaluating the options of handling containers.
In addition, the bunker facility at the port will be operated by China s Sinopec Fuel Oil Sales Co. Limited (SFO).
"We re all saying that the port of Colombo is congested but there is more room for efforts to be made for the three terminals to cooperate and that cooperation can definitely make more capacity until such time the East Container Terminal (ECT) comes on track. I firmly believe that cooperation between the three terminals is a must," Tissa Wickramasinghe, Chief Operating Officer at the Hambantota International Port Group (HIPG) told the German-Sri Lankan Logistic Conference held in Colombo yesterday.
He said further even shipping lines as a stakeholder need to re-look at that and see how they can cooperate with the Colombo Port to achieve this objective.
"With the ECT going to be operated by another fourth party, there will be four players in the market. In such a scenario, Sri Lanka Ports Authority will be the land lord , shareholder ,competitor and de facto regulator and I don t think that s good idea." he said.
All stakeholders need to have a look at that and there has to be some sort of third party intervention to ensure that there is a fair and level playing field for everyone to garner more benefits." he said.
Iqram Cuttilan, Managing Director of Aitken Spence Shipping Ltd and, the Chairman of Ceylon Association of Shipping Agents (CASA) said, Sri Lanka needs to fast track the development of the East Container Terminal (ECT) to retain its competitive position in the region.
Noting that India has embarked on a massive project to increase the capacity of its ports, he said Sri Lankan government and the private sector need to get together to push infrastructure development and to get the port terminals up and running ahead of time.
"We need to be ahead of the game. If we fall back, the shipping lines will look for alternatives and will go somewhere else. And getting them back is going to be an absolute difficult proposition" he said. Speaking further he said the Colombo Port was ahead of the game up to 1990s, but there after, he noted that Indian ports have been developed quite rapidly. "So, if we donít add capacity or additional infrastructure, we re going to be behind and they re going to take us over," he said.
"Especially, if we don t get the East Container Terminal (ECT) on track within this year, which has been idling for the last four years, we re going to lose our competitive position and Indian ports are going to take over. We have to be always mindful of the fact that Indian ports are getting bigger and deeper and they re going to improve the efficiency in a big way."
Meanwhile, German Vice Minister Federal Ministry of Transport and Digital Infrastructure , Steffen Bilger, who is on an official visit to Sri Lanka with a high powered delegation of German Industry and Commerce, speaking at the German- Sri Lankan Logistics Conference held in Colombo yesterday said that both countries are interested in further development of cooperation in diverse areas to make much needed trade and investment links between the two countries.
Currently, both countries are working in the field of renewable energy, vocational training, trade, maritime sector and so on. He added that the expansion of the Colombo Port is progressing well and Sri Lanka is blessed with other ports such as Trincomalee and Hambantota and so on.
"This make much potential for both Sri Lankan and German companies," he said.
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|Port of Amsterdam transhipment increases in the first half-year by more than 12%|
Transhipment in the North Sea Canal Area of the seaports of Amsterdam, IJmuiden, Beverwijk and Zaanstad rose in the first half of 2019 to 54.1 million tonnes, an increase of 7%. This was the result of an increase in transhipment in the first six months of this year in the port of Amsterdam by 12.3% to 45.4 million tonnes - another record.
In IJmuiden, transhipment fell by 12.3% to 8.5 million tonnes, Beverwijk recorded a 23% increase to 349,000 tonnes and in Zaanstad transhipment fell by 13.2% to 72,000 tonnes.
The increase in Amsterdam in the first half of the year was caused by both liquid and dry bulk and containers. Liquid bulk transhipment rose by 10.6% to 25.9 million tonnes. The 13.8% increase in dry bulk was caused by an increase in the transhipment of coal (23%) and grains (21%) to 17.8 million tonnes. The increase in coal transhipment can be attributed to exports to non-traditional markets. This is not expected to be structural. The increase should also be seen in the context of the sharp fall in recent years. Transhipment in the number of containers also increased by 35%, partly due to Samskip s short sea liner service that the port of Amsterdam focuses on.
These records were also offset by decreases, including in breakbulk (down 20%). There was also a fall in the number of seagoing cruise ships visiting Amsterdam in the first half of the year. In 2019 this was 51, compared to last year s 74. The introduction of the tourist tax for transit calls on 1 January 2019 led to a number of vessel owners moving to IJmuiden or Rotterdam. The number of river cruise ships that put into Amsterdam in the first half of the year was 1,189, compared to 1,272 a year earlier. This decrease was also caused by the tourist tax. The difference of 83 relates to transit calls. These are cruise ships which, like sea cruises, are subject to tourist tax.
Remainder of 2019
Koen Overtoom, CEO of Port of Amsterdam: After record transhipments in 2018, 2019 has also got off to a very good start. We expect the situation to stabilise in the second half of the year. The increase in coal transhipment has to do with favourable coal pricing conditions. The seasonal build-up of coal stocks later in the year is usually reflected in the transhipment figures. Last year also saw a significant decline in coal transhipment for the German hinterland due to the low water level. Growth in liquid bulk is expected to continue under the current favourable market conditions. We also expect to see further growth in general cargo.
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