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Saturday, December 21, 2024
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Coastal and Inland News

20 Dec 2024

Volunteers Battle Black Sea Oil Spill

Volunteers struggled on Friday to shovel up tons of sticky oil from Russia's Black Sea coastline following what President Vladimir Putin has called an ecological disaster.The oil spilled from two ageing Russian oil tankers that were severely damaged by a weekend storm in the Kerch Strait that separates southern Russia from Crimea, which Moscow annexed from Ukraine in 2014. One of the vessels split in half, and a crew member was killed, while the other ran aground.At the sea's edge, volunteers shoveled oil and blackened sand into white sacks to be taken away in trucks, as more viscous black tar drifted in on the waves."I've never seen anything like this. I can't even really imagine it.

20 Dec 2024

ESG Delivers LI Ferry to McAllister Subsidiary

The Ferry LONG ISLAND on sea trials (c) ESG

PANAMA CITY, FL – Eastern Shipbuilding Group, Inc. (ESG) announced the successful delivery of the LONG ISLAND (ESG Hull 228), a newly constructed passenger and auto ferry, to the Bridgeport & Port Jefferson Steamboat Company, a subsidiary of McAllister Towing. The vessel, designed to provide seamless transportation between Bridgeport, CT, and Port Jefferson, NY, across Long Island Sound, is the latest addition to the company’s fleet."This delivery is a proud moment for our team," said Joey D’Isernia, CEO and Chairman of Eastern Shipbuilding Group, Inc.

20 Dec 2024

Baltic Index Snaps 3-Session Slide

(c) Eugene / bAdobestock

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped its three-session losing streak on Friday, supported by strong rates across the capesize and panamax vessel segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 14 points to 990 points. The contract was down 5.8% for this week.The capesize index was up 36 points to 1,115 points. The index lost about 11.7% this week.

19 Dec 2024

ABS CEO Wiernicki Emphasizes Sustainable Shipping

ABS Chairman and CEO Christopher J. Wiernicki (c) ABS

Don’t Overlook Shipping’s Critical Role in U.S. Sustainable Transport Future, ABS Chairman and CEO Urges Washington.“Many of our sustainable transportation programs and initiatives tend to become mode-centric, but it is critically important to optimize the overall sustainable freight transportation across modes from origin to destination, which requires a system of systems focus.”That was the message to U.S. transportation industry and Government leaders from ABS Chairman and CEO Christopher J.

19 Dec 2024

Rahn elected Manatee County Port Authority chairman

Manatee County Commissioner Mike Rahn (c) Seaport Manatee

Manatee County Commissioner Mike Rahn has been elected chairman of the Manatee County Port Authority.“It is a privilege to chair SeaPort Manatee’s governing board as we continue to advance key infrastructure enhancements and hurricane recovery efforts while setting the course for even greater realization of the port’s role as a leading contributor to our region’s economy,” said Rahn, whose election was confirmed today [Dec. 19] at a meeting of the Manatee County Port Authority, following selection at the Dec.

19 Dec 2024

MISNA Announces Leadership Transition

Stephen Lyman (c) MISNA

Stephen Lyman named President and Captain Steve White transitions to Chairman.The Maritime Information Services of North America (MISNA), a leading association providing information, communications, and services to promote safe, secure, efficient and environmentally sound maritime operations, is proud to announce the appointment of Stephen Lyman, Executive Director of the Maritime Association of the Port of NY & NJ, as its new President. Lyman will succeed Captain Steve White…

19 Dec 2024

Germany’s Mosel River Remains Closed for Lock Repairs

Germany's Mosel river (c) Petrus / Adobestock

The Mosel River in Germany will remain closed to cargo shipping in January despite the success of a temporary lock helping to free vessels trapped on the river after an accident, navigation authorities said on Thursday.The temporary lock will not permit a reduced level of cargo shipping to operate on the river while repairs to a damaged lock start in the new year, said a spokesperson for German inland navigation agency WSA.Germany's federal transport ministry said separately that a resumption of normal shipping along the Mosel could be possible in early February 2024.The river…

19 Dec 2024

Germany's Wilhelmshaven Terminal offers May LNG Capacity

A Wilhelmshaven LNG Terminal (c) HansPeter Adobestock

Deutsche Energy Terminal (DET) said on Thursday that Germany's Wilhelmshaven liquefied natural gas terminal intends to market capacity for ships to discharge LNG in May 2025, adding that there would be limited slots available in the first quarter there and at another location.DET has been commissioned by Berlin since the height of Europe's energy crisis in 2022 to market regasification of gas volumes arriving on LNG tankers, as well as related storage and gas deliveries to inland…

19 Dec 2024

Israel strikes port, energy targets in Yemen

(c) VanderWolf Images / Adobestock

Israel launched strikes against ports and energy infrastructure in Houthi-held parts of Yemen on Thursday and threatened more attacks against the Iran-aligned militant group, which has launched hundreds of missiles at Israel over the past year.As Israeli jets were in the air, the Israeli military said it intercepted a missile headed towards central Israel which destroyed a school building in Ramat Efal in the western part of Tel Aviv with what a military spokesperson described as falling shrapnel.The Houthis - who have launched attacks on international shipping near Yemen since November 2023…

19 Dec 2024

15m ProZero Passenger Vessel Delivered to Metro-Opus

Image courtesy TUCO

ProZero delivered a 15m ProZero passenger vessel to Metro-Opus, a provider of high-speed ferry services in Norway, approved for operations by the Norwegian Maritime Authority.The vessel was handed over to Metro-Opus Project Manager Rasmus Husby Larsen by Jakob Frost, co-owner of the shipyard. Designed and built with ProZero's modular construction approach, the vessel combines latest technology, universal design principles, and optimized hull design. It is certified to accommodate 12 passengers…

18 Dec 2024

ESG Cuts Steel for Saltchuck Escort Tugs

A rendering of the Saltchuk Escort tug (c) Robert Allan

Eastern Shipbuilding Group (ESG) reached an exciting milestone today, initiating steel cutting for the first of four advanced escort tugs for Saltchuk Marine at its Allanton Facility. Attending the ceremony were key members of Saltchuk's leadership team. These high-performance vessels are scheduled for delivery in 2026."Our team is excited to begin construction on these state-of-the-art escort tugs for Saltchuk," said Joey D’Isernia, Chairman and CEO of Eastern Shipbuilding Group, Inc.

18 Dec 2024

Trump Tariff Threat Lifts US Ocean Imports

(c) wetzkaz / Adobestock

When U.S. presidential candidate Donald Trump started talking about new import tariffs on the campaign trail, Danny Reynolds checked the tags on wedding dresses in his bridal salon and sped up some shipments to his independent clothing store in Indiana."I was grabbing tags specifically to look at the country of origin and it was China, China, China, China, China, China," said Stephenson's of Elkhart boutique owner Reynolds, who moved deliveries of around 20 bridal gowns ahead…

18 Dec 2024

Broad Sector Declines puts Baltic Index at 17-month low

(c) Darunrat / Adobestock

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday, hitting its lowest level in nearly 17 months, as rates dipped across all vessel segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 25 points to 1,028 points, hitting its lowest level since July 2023.The capesize index shed 71 points to 1,237 points, also hitting its lowest level since Sept. 2023. Average daily earnings for capesize vessels…

18 Dec 2024

Damen-Built Shoalbuster Joins Caspian Offshore’s Fleet

Caspian Lotus vessel (Credit: Damen)

Damen Shipyards Group has delivered a Shoalbuster (SBu) 3209 to Caspian Offshore Construction, which will be put to work in support of dredging projects in the Persian Gulf.The vessel, named Caspian Lotus, joins the company’s fleet of over 50 vessels and barges.It features shallow draught of just 3.3 metres, 80 m2 of deck space, ample crane capacity and powerful propulsion.Caspian Offshore Construction is a long-term client of Damen. The company took delivery of its first Damen vessel – a Fast Crew Supplier (FCS) 1605 back in 2006.Since…

18 Dec 2024

DP World Starts Construction of New $1.2B Port in Senegal

(Credit: DP World)

The arrival of the dredger Willem Van Rubroeck in Ndayane has marked the start of maritime works for the $1.2 billion Port of Ndayane, a project led by Dubai-owned ports and logistics firm DP World, which aims to transform Senegal into a major center for global trade.The vessel will dredge a 5 km-long shipping channel - an essential step in building this high-capacity port designed to elevate Senegal’s trade infrastructure.Phase 1 of the project includes an 840 m quay and a 5…

17 Dec 2024

Biden's DoE LNG Export Study Tepid on New Permits

(c) alexyz3d Adobestock

The administration of U.S. President Joe Biden released a long-awaited study on the economic and environmental impacts of liquefied natural gas exports on Tuesday, saying the results underscored the need for a cautious approach to new permits.Biden in January had paused the Department of Energy's approvals of U.S. LNG exports to big consumers in Asia and Europe so that his administration could conduct the review, triggering complaints from the oil and gas industry."The main takeaway is that a business-as-usual approach is neither sustainable nor advisable…

17 Dec 2024

SC Ports Expands Inland Port to Meet Market Demand

SC Ports Inland Port Greer Terminal (c) Meade / SC Ports

SC Ports has expanded its container yard at Inland Port Greer to handle customers' growth.South Carolina Ports is enhancing its intermodal connections in South Carolina with the ongoing expansion of Inland Port Greer and construction of the Navy Base Intermodal Facility.SC Ports is investing to expand Inland Port Greer with more cargo and rail capabilities to support customers’ growth in the Upstate and beyond, giving shippers direct access to the Port of Charleston.“Having this rail connection to the No.

17 Dec 2024

Baltic Index Retreats Across All Segments

(c) Eugene / Adobestock

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Tuesday rates dipped across all vessel segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 18 points to 1,053 points.The capesize index shed 32 points to 1,308 points. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $268 to $10…

17 Dec 2024

Tanco adds $8.2 million to IA Port Investments

(c) Tanco

Tanco Terminals is constructing a $8.2 million expansion of its liquid tank farm at Ports of Indiana-Burns Harbor to support growth in Lake Michigan shipments. Tanco is a third-generation, family-owned business operated at the port since 1977.The company stores and performs value-added services for liquid cargoes, from petroleum to food-grade oils.As part of the expansion, Tanco is adding a sixth rail loading track, a new truck scale, three storage tanks – two with 36,000-barrel capacity and a third at 42…

17 Dec 2024

Just Do It! NIKE Commits to CMA CGM's New E-Barge Vessel Project

Image courtesy CMA CGM Group

CMA CGM will build and deploy a zero emissions inland transport solution in Vietnam, a solution the company says is a "100% green electricity barge coupled with dedicated charging infrastructures" supplied by a new solar farm at Gemalink terminal in Cai Mep (25% owned by CMA CGM Group). A new dedicated solar farm on the premises of Gemalink will produce 1GWH of green electricity annually to recharge the e-barge.From Binh Duong Province to the deep-sea terminal of Gemalink, the e-barge will make the 180 km return journey emitting zero greenhouse gas emissions…

16 Dec 2024

AAM to Construct Electric Ferries for SF Bay Ferry

The AAM 150-passenger battery-electric ferry. (c) AAM

All American Marine (AAM) has announced a partnership with San Francisco Bay Ferry to build their 150-passenger battery-electric vessels. This landmark project will contribute significantly to advancing sustainable passenger transport in the San Francisco Bay Area while showcasing innovative maritime engineering.The concept vessel was initially developed by Aurora Marine Design, based in San Diego, as part of  SF Bay Ferry’s REEF program. Teknicraft Design of Auckland, New Zealand…

16 Dec 2024

Houston’s Volumes Surge to Best Month of Year

Container Yard at Bayport Container Terminal (c) Port of Houston

Port Houston Container Volumes Up 24% in November.Port Houston is on track to close 2024 as one of its most successful years to date, handling 3,799,573 twenty-foot equivalent units (TEUs) through November—a 9% increase over the same period last year. November volumes alone reached 369,361 TEUs, a notable 24% increase year-over-year. This marks the biggest month of the year for Port Houston in terms of containerized cargo volume.Loaded imports rose by 19% in November, driven by consumer goods and machinery, and loaded exports were up 16% the same month, reinforced by robust resin shipments.

16 Dec 2024

NW Europe Fuel oil Imports at 3-year High

(c) STORYTELLER / Adobestock

A rush to replenish scarce supply of high-sulphur fuel oil (HSFO) pushed Northwest European imports of residual fuel oil to their highest in three years in November, analysts told Reuters.The Amsterdam-Rotterdam-Antwerp (ARA) area, Europe's main trading and refining hub, received around 450,000 barrels per day (bpd) of all types of fuel oil in November, the highest monthly volume since November 2021.That compared with an average of 332,000 bpd over January-October this year, according…

16 Dec 2024

Ukraine blames Russia for Black Sea oil spill

Ukraine said on Monday Russia was to blame for a major oil spill in the Kerch Strait that leads into the Black Sea, accusing Moscow of breaking navigation safety rules by using old tankers and keeping two vessels at sea during a storm.A Russian oil tanker split apart during a storm on Sunday, while another one ended up in distress in the strait that separates Russia from the Crimean Peninsula that Moscow's troops seized and annexed from Ukraine in 2014.Russia did not say how much fuel was leaked but its state news agency TASS reported the two vessels had been carrying 9,200 metric tons of oil products."The Russians have a rather complicated situation... in the Azov and the Black Sea region.

16 Dec 2024

US Study of LNG Exports due on Tuesday

(c) Mike Mareen / Adobestock

President Joe Biden's administration will release as soon as Tuesday a study on exports of liquefied natural gas that is expected to stop short of saying the trade is not in the public interest, two industry sources with knowledge of the issue said.Biden in January paused the Department of Energy's approvals of U.S. LNG exports to big consumers in Asia and Europe in order for his administration to conduct the study on the environmental and economic impacts of the booming industry.President-elect Donald Trump opposed the pause and has said he would move quickly to overturn it.

16 Dec 2024

Germany's Mosel River Partially Reopens to Shipping

The Mosel river in Germany. (s) Petrus / Adobestock

The Mosel in west Germany was partially reopened to cargo shipping on Monday after a temporary lock was installed over the weekend, but the number of vessels able to sail will be limited, navigation authorities said.The river, an important transit route for grains and rapeseed between Germany and France, was closed to inland waterways shipping last week after an accident which damaged a lock at Mueden south of Koblenz and repairs are likely to last until spring 2025.But a temporary lock was installed over the weekend and tested successfully, the German navigation agency WSA said.

16 Dec 2024

Car Carrier Vessel Market Outlook for '25 is Bearish

Höegh Autoliners' Höegh Aurora, the world's largest pure car and truck carrier (PCTC) vessel, was featured as a Great Ship of 2024 by Maritime Reporter & Engineering News. Image courtesy Höegh Autoliners

Political winds blowing a raft of new tariffs and incoming supply uptick suggests a volatile 2025 Bearish sentiment crept into the car carrier market in June after the European Union (EU) announced increased import tariffs for Chinese-made electric vehicles (EVs) up to as much as 45.3%. The EU tariffs, which came into play in November for a period of five years and were increased following an investigation into Chinese state subsidies to domestic car manufacturers, are weighing…

13 Dec 2024

Baltic Index sees Fourth Consecutive Weekly Loss

Bulk Carriers working cargo. (c) Darunrat / Adobestock

The Baltic Exchange's dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, recorded its fourth consecutive weekly decline on Friday, dragged down by losses across all vessel segments for the week.The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 4 points to 1,051 points on Friday, its lowest since late July 2023. The index was down about 10% for the week.The panamax index fell 26 points to 995 points. The index also posted a weekly loss.

13 Dec 2024

Trump Signals Support for ILA Dockworkers

(c) wetzkaz Adobestock

U.S. President-elect Donald Trump on Thursday appeared to back the anti-automation stance of some 45,000 union dockworkers on the U.S. East and Gulf Coasts, whose labor talks are at an impasse over that polarizing issue.The ILA and the United States Maritime Alliance (USMX) employer group are facing a Jan. 15 deadline to finalize talks, which stalled over automation. That cutoff comes just five days before Trump's inauguration.The ILA says automation kills jobs while employers say it is necessary to keep U.S.

13 Dec 2024

Authorities Attempt to Reopen Germany's Mosel River

Germany's Mosel River (c) Petrus Adobestock

Navigation authorities will attempt to install a temporary lock system on the river Mosel in west Germany this weekend to enable the river, an important route for grains and rapeseed shipments to and from Germany and France, to reopen to cargo shipping.The river was closed to inland waterways shipping this week after an accident damaged a lock at Mueden south of Koblenz with repairs likely to last until late March.However, German navigation agency WSA said on Friday that it is preparing a temporary lock system which will be tested over the weekend.

13 Dec 2024

NOAA Unveils FLA Keys Marine Sanctuary Restoration Blueprint

(c) Matt McIntosh / NOAA

After more than a decade of collaboration with cooperating agencies, community experts and public input, NOAA today released the final management plan and environmental impact statement for Florida Keys National Marine Sanctuary.The documents outline NOAA’s regulatory recommendations and mark a critical milestone in the most comprehensive public process to restore the Florida Keys’ delicate ecosystem.The first management plan update since 2007 — crafted with extensive collaboration among NOAA…

13 Dec 2024

Sweden: New Offshore Wind not Commercially Viable

(c) artjazz Adobestock

Developing offshore wind projects off Sweden's coasts is not commercially viable currently, a government commission tasked with reviewing and speeding up the system for authorizing new wind parks said on Friday.The commission recommended that Sweden should switch to an auction system for offshore wind farms, widely used in other countries, but the head of the commission said that this would not in itself lead to more wind parks being constructed."The analysis shows that with today's market conditions…

13 Dec 2024

Maersk says Global Trade could rise 7% in 2025

A Maersk boxship in the port of Oakland. (c) Tom Nast / Adobestock

Maersk expects global trade growth rising as much as 7% next year, bolstered by strong demand from the United States where a potential port strike and tariffs on foreign-made goods loom, an executive at the global carrier said on Wednesday."We predict anywhere between 5 and 7% (growth) overall," Charles van der Steene, regional president for North America at Maersk, told Reuters. "And at this stage, there's nothing that would indicate that it could not be the case," he said on the sidelines of the Reuters NEXT conference.Houthi attacks on vessels in the Red Sea and "resilient" demand from U.S.

13 Dec 2024

Taiwan: China's threat towards island is "evolving"

(c) Watthana Tirahimonch / AdobeStock

Taiwan's defense ministry said on Friday that China's threat to Taiwan and the region has been evolving since 2022, when it began its current series of war games, and its recent large-scale buildup of maritime forces is a testament to this.China's long-term goal of deterring regional parties and disrupting the rule-based international order will not be endorsed by the international community, the ministry said in a statement.

12 Dec 2024

Taiwan Signals Likely End to Latest Chinese Drills

Chinese Naval Vessels in close formation (c) neirfy / Adobestock

Taiwan's defense ministry on Thursday closed an emergency response center opened earlier this week in response to what it said were stepped up Chinese military activities nearby, likely signaling an end to Beijing's maneuvers.Taiwan's defense ministry on Monday went on the alert and activated the center after reporting a large rise in Chinese military activity, both around the island and more broadly in the East and South China Seas.China's military has made no announcement about any drills taking place.

12 Dec 2024

BIMCO's Shipping Number of the Week

(c) Stock87 Adobestock

Dry bulk contracting falls 70% below average amid low rates.“Over the past three months, dry bulk newbuilding contracting has been 70% below the yearly average. Declining freight rates in recent months, a cloudy outlook and high newbuilding prices contributed to the slowdown, and contracting in 2024 will likely fall short of 2023 levels,” says Filipe Gouveia, Shipping Analyst at BIMCO.Driven by healthy demand, the dry bulk market was strong throughout most of the first three quarters of 2024.

12 Dec 2024

Panama Canal Battles Ongoing Drought

A view of operations on the Panama Canal (c) Searagen AdobeStock

The lush river valleys of El Zaino y La Arenosa in western Panama, home to hundreds of families that eke out a living farming, fishing and raising cattle, could soon be submerged by a massive man-made reservoir designed to ensure the viability of the Panama Canal in the face of a changing climate.Tres Hermanas, with its farms, two schools, churches and a medical clinic, is one of dozens of towns that would disappear in the next six years if the state-owned Panama Canal's ambitious $1.6 billion project goes ahead.

12 Dec 2024

Singapore's MPA looks to scale up LNG bunkers

(c) Lyudinka / Adobestock

The Maritime and Port Authority of Singapore (MPA) has launched an expression of interest (EOI) to gather proposals for scaling up liquefied natural gas (LNG) for bunkering or ship refueling, it said in a statement on Thursday.The EOI seeks solutions for sea-based LNG reloading to complement existing onshore LNG bunkering storage and jetty capacities, as well as the supply of e-methane or bio-methane as a marine fuel in Singapore, the world's largest bunker hub.Proposals will be gathered on three areas including the scale-up of sea-based reloading operations…

12 Dec 2024

BOEM Advances Leasing for GoM Offshore Wind Energy

(c) Bednarek / Adobestock

The Bureau of Ocean Energy Management (BOEM) announced today that it is issuing a Determination of Competitive Interest in two Wind Energy Areas (WEAs) in the Gulf of Mexico. The determination comes after an unsolicited request from Hecate Energy Gulf Wind LLC expressing interest in acquiring a commercial wind energy lease for WEA options C and D. On July 29, 2024, BOEM published a Request for Competitive Interest (RFCI) in the Federal Register seeking feedback on Hecate’s unsolicited lease request. Invenergy GOM Offshore Wind LLC expressed interest in WEA options C and D.

12 Dec 2024

Woodside’s North West Shelf Project Gets Australian Gov’s Approval

(Credit: Woodside Energy)

The Western Australian Government has issued an environmental approval to Woodside and the North West Shelf joint venture for extension of the project.After six years of assessment and appeals, this is a critical step in the approvals process to underpin the ongoing operation of the North West Shelf Project so it can continue to deliver a reliable supply of energy locally and globally.The State’s decision recommences the Federal environmental approvals process, which was paused…

11 Dec 2024

USACE taps Gatehouse Maritime for AIS Tech

(c) Slompo / Adobestock

Gatehouse Maritime, a provider of  AIS (Automatic Identification System) network monitoring and maritime domain awareness software, announced the award of a new contract from the U.S. Army Corps of Engineers.The contract, initially set for one year, includes an option for a four-year extension, underscoring the long-term strategic importance of the partnership.Under the newly awarded contract, the US Army Corps of Engineers (USACE) will use Gatehouse Maritime's industry-leading AIS Network Monitoring system to enhance their management of U.S. national waterways.

11 Dec 2024

Force Control Introduces HYDRASTOP Thruster Brakes

Hydrastop drum brake (c) Force Control

Force Control Industries introduces a new line of Build America, Buy America Act (BABAA) compliant thruster brakes under the brand name: HYDRASTOP.These spring-set, electrohydraulic thruster-released brakes are now available for 6-13” drums only with plans to develop larger drum sizes and a complete disc brake series. Thruster brakes statically hold and/or dynamically stop a load: they are ideal for industrial applications like cranes, movable bridges, conveyors, marine deck equipment, and more.

11 Dec 2024

Trelleborg Acquires Mampaey Offshore Industries

Richard Hepworth, Business Unit President at Trelleborg Marine and Infrastructure; and Gerard Mampaeij, Managing Director at Mampaey Offshore Industries.
Credit: Trelleborg Marine & Infrastructure

Trelleborg Marine & Infrastructure, a provider of engineered polymer and technology solutions for the marine, infrastructure, and energy industries, has signed and finalized an agreement to acquire Mampaey Offshore Industries. The acquisition will significantly enhance Trelleborg's capabilities in the vessel berthing sector and expand its offerings for the marine industry. Mampaey, based in Dordrecht, Netherlands, has over 120 years of experience delivering advanced solutions for the marine industry.

11 Dec 2024

Moody's: Port of Oakland A1 Rating Maintained

A boxship discharges cargo at the Port of Oakland (c) Port of Oakland

Port as primary gateway for Northern California region a key credit strength. Moody’s Investors Service, Inc. (Moody’s) has maintained the Port of Oakland's senior lien rating at A1 stable. The A1 stable senior bond rating reflects the Port’s strong liquidity, healthy debt service coverage ratio, manageable capital spending and significant long-term debt capacity.“The rating reflects the Port’s commitment to fiscal responsibility,” said Port of Oakland Chief Financial Officer Julie Lam.

11 Dec 2024

ENERGY INSIGHT: Whatever the Weather, Propane Keeps Ports Moving

Image courtesy PERC

How propane offers unmatched reliability and resiliency when severe weather strikesPorts are critical hubs for global trade and shipping logistics, and they can’t afford to slow down due to extreme weather events. Especially in the Northern U.S., winter storms bring extreme freezing temperatures that can quickly create issues for any diesel or electric engines powering port equipment. Meanwhile, ports along the Gulf Coast and Atlantic Coast must be prepared for hurricanes every year that can knock out the power grid and slow down operations for days…

10 Dec 2024

Great Lakes NOV Iron Ore Trade Dips

The 'Mesabi Miner' at Cleveland (c) LCA

Shipments of iron ore on the Great Lakes totaled 4.3 million tons in November, a decrease of 4.7 percent from 2023. Shipments were below the month’s 5-year average by 3.5 percent.Year-to-date the iron ore trade stands at 45.2 million tons, a decrease of 2.3 percent compared to the same point in 2023. Through November iron ore loadings are 4.2 percent above their 5-year average for that timeframe.Since 1880, Lake Carriers’ has represented the U.S.-flag Great Lakes fleet, which today can move more than 90 million tons of cargos annually that are the foundation of American industry…

10 Dec 2024

Adani Ports withdraws DFC Port Funding Request

India's Adani Ports and Special Economic Zone Ltd  said on Tuesday it would finance its Colombo port terminal project through internal accruals and a capital management plan, withdrawing its request for funding from the U.S. International Development Finance Corp (DFC).DFC last year said it would provide $553 million in financing for the port terminal project, which is partly owned by the Adani Group. The company, however, said the Colombo West International Terminal project is progressing well and is on track for commissioning by early 2025.DFC did not immediately respond to a Reuters request for comment. Ports-to-edible oils Adani Group…

10 Dec 2024

Lock Accident Closes Germany's Mosel River

Germany's mosel river (c) Petrus / Adobestock

The river Mosel in western Germany, an important route for grains and rapeseed shipments, has been closed to inland waterways shipping after an accident that damaged a lock, navigation authorities said.A lock at Mueden south of Koblenz has been damaged after a vessel collision and repairs are likely to last until spring 2025, possibly around late March, the WSA agency said. The river will be closed to cargo shipping during this period.Traders estimated that about 70 ships are blocked because of the damage…

10 Dec 2024

DP World Launches Container Port Inset Program

(c) David Lee Photography

DP World is trialing an innovative carbon reduction program at its UK logistics hubs, London Gateway and Southampton, aimed at helping cargo importers cut their emissions.Starting on 1 January 2025 for an initial six-month trial, the Carbon Inset Program will reward importers with 50kg CO₂e of carbon credits for every loaded import container they move through DP World’s UK terminals. These independently certified credits, issued quarterly, will showcase participating companies’ efforts to reduce the indirect (Scope 3) emissions in their supply chains.Unlike traditional carbon offset credits…

10 Dec 2024

NRF: Imports to Soar on Tariff Threat, Potential Port Strike

(c) wetzkaz / Adobestock

With a strike possible again next month at East Coast and Gulf Coast container ports and President-elect Donald Trump planning to increase tariffs, the nation’s major container ports are expected to see a continued surge in imports through next spring, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Either a strike or new tariffs would be a blow to the economy and retailers are doing what they can to avoid the impact of either for as long as they can,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

10 Dec 2024

JAXPORT Enhances Global Reach with New Partnerships

The port of Jacksonville (c) David / Adobestock

With the upcoming dissolution of the 2M Alliance in early 2025, JAXPORT is maintaining and growing its global container services through strategic partnerships with the world's top ocean carriers. New and modified service routes through JAXPORT will provide expanded global connectivity and access to new and emerging markets.Three primary changes are taking place beginning in February 2025.The Gemini Cooperation – an alliance between Maersk and Hapag-Lloyd – has added JAXPORT to a new…

10 Dec 2024

Shipbuilder's Appeal in Mozambique Lawsuit Denied

Emirati-Lebanese shipbuilder Privinvest on Tuesday was refused permission to appeal against Mozambique's victory in a London lawsuit over the decade-old "tuna bond" scandal.The southeast African country sued Privinvest and its now late owner Iskandar Safa, alleging they paid bribes to Mozambican officials and Credit Suisse bankers to secure favourable terms on three projects in 2013 and 2014, including one designed to exploit Mozambique's tuna-rich coastal waters.London's High Court ruled in July that Mozambique was entitled to payment of just over $825 million from Safa and companies in the Privinvest group, plus an indemnity in relation to $1.5 billion it is liable to pay lenders and bondholders…

10 Dec 2024

Tugdock, Sarens to Develop Heavy Lift O&M Hub at ABP’s Welsh Port

SGC-250, the Sarens’ giant crane nicknamed Big Carl by the Port of Ghent (Credit: Sarens)

Tugdock and Sarens have secured funding from Crown Estate’s Supply Chain Accelerator for a joint project to develop a heavy lift operations and maintenance (O&M) hub at ABP’s port of Port Talbot in Wales to support floating wind projects in the region.With key support from major industry players such as ABP and RWE, and other partnerships, the vision for the facility is to provide support for heavy lift equipment used in floating offshore wind projects in the Celtic Sea.Port Talbot's strategic location near the Celtic Sea makes it an optimal hub for supporting floating offshore wind projects…

10 Dec 2024

California Box Terminal Orders Liebherr STS Cranes

(Credit: Liebherr)

TraPac Oakland, a container terminal operator in California, has selected Liebherr for the supply of two ship-to-shore (STS) cranes, marking the company’s first shipment to United States’ West Coast.The cranes boast a 66-meter (216-foot) outreach, a 53-meter (173.83-foot) lift height, and a span of 30.48 meters (100 feet).With a lifting capacity of 66 long tonnes in twin-lift mode, they have been designed for high-capacity handling, making them suitable for servicing the world’s…

10 Dec 2024

RWE, TotalEnergies Pick Buildout Base for Dutch Offshore Wind Farm

Buss Terminal Eemshaven (Credit: Buss Terminal Eemshaven)

RWE and TotalEnergies have selected the port of Eemshaven in the northern Dutch province of Groningen as the base for turbine assembly and construction work for their joint offshore wind project OranjeWind in the Dutch North Sea.The OranjeWind joint venture has signed an agreement with Buss Terminal Eemshaven, with the pre-assembly and offshore construction of turbines to be carried out in 2027.Construction activities at the offshore wind site will start in early 2026. Buss Terminal Eemshaven will facilitate the offloading…

09 Dec 2024

Iberdrola Gets Portugese Nod for Wind Farm Start

(c) artjazz Adobestock

Iberdrola has received a production license from the Portuguese Directorate-General for Energy and Geology of Portugal (DGEG), taking another step towards the construction of the largest wind farm in Portugal.Located in the districts of Vila Real and Braga, in northern Portugal, with a total investment of around €350 million, this project reinforces Iberdrola's commitment to environmental goals, being the first to combine wind and hydro energy. This implies sharing of the connection point and the evacuation line of electricity produced…

09 Dec 2024

McKeil Marine Chooses Thordon Bearings for Bulker Refit

(c) Thordon Bearings

Thordon Bearings has delivered COMPAC water-lubricated propeller shaft and SXL rudder bearings to replace oil- and grease- lubricated bearings onboard McKeil Marine’s bulk carrier Northern Venture as part of a major refurbishment project.Established in 1956, Canada-based McKeil Marine provides marine transportation along the St. Lawrence Seaway, the East Coast, and Canadian Arctic with its diversified fleet of tugs, barges, workboats and vessels, including bunkers, cement carriers, and tankers.The shipowner acquired the 155m (508.5ft), 19,651dwt Northern Venture in 2022.

09 Dec 2024

Iranian VLCC Turns Around After Assad’s Fall

File VLCC image (c) Jouni Niskakoski Adobestock

A tanker carrying Iranian oil to Syria turned round in the Red Sea to head away from its original destination after the fall of Syrian President Bashar al-Assad, according to ship tracking data.The Suezmax tanker Lotus, carrying around 1 million barrels of Iranian oil, turned around just before the Suez Canal on Dec. 8 to start sailing southbound in the Red Sea, according to maritime data analytics firm Kpler.Tanker Trackers, another ship tracking source, also reported Lotus' turnaround in the Red Sea.The Iran-flagged tanker…

08 Dec 2024

Optimizing Port Arrivals Could Slash Voyage Emissions

Source: UCL

A new study by UCL and UMAS, which analyzed ship movements between 2018-2022, found that optimizing port arrivals to consider port congestion or waiting times could reduce voyage emissions by up to 25% for some vessel types.The average potential emissions saving for the voyages is approximately 10% for container ships and dry bulkers, 16% for gas carriers and oil tankers and almost 25% for chemical tankers. The study finds that these ships spend between 4-6% of their operational time…

06 Dec 2024

NOV '24 US Transport Unemployment Up Again, now above Pre-Pandemic benchmark

(c) Andrii / Adobestock

The unemployment rate in the U.S. transportation sector was 4.8% (not seasonally adjusted) in November 2024 according to the Bureau of Labor Statistics (BLS).These data have been updated on the Bureau of Transportation Statistics’ (BTS) Unemployment in Transportation dashboard. In November 2024, the transportation sector unemployment rate rose 0.3 percentage points from 4.5% in November 2023 and was above the pre-pandemic November 2019 level of 3.3%. Unemployment in the transportation…

06 Dec 2024

Baltic Index Snaps Losing Streak on Larger Vessel Rate Rise

A bulk carrier loads alongside a grain berth. (c) Stock87 / Adobestock

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a seven-session losing streak on Friday, supported by gains in larger vessels.The index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, gained 7 points to 1,167 points, but the index was down over 13% for the week.The capesize index .BACI edged up 5 points to 1,535 points. The contract posted about 28% decline for the week. Average daily earnings for capesize vessels…

06 Dec 2024

Bulk Shipping: Corn surges on technical buying, solid exports

(c) JR Slompo / Adobestock

U.S. corn futures climbed to a two-week high on Friday on technical buying and support from strong U.S. export sales, putting the market on pace for its strongest weekly advance in a month.Soybeans followed corn higher, although forecasts for a record-breaking Brazilian harvest limited gains, while wheat futures were mixed.Row crop futures have largely held within narrow trading ranges since mid-November as traders assessed crop weather in South America, Russia and other key production zones and gauged possible shifts to global trade following the U.S.

06 Dec 2024

Svitzer enters Sao Luis Port, ramps up Brazil presence

The Svitzer Joaquim R and the Svitzer Denise (c) Svitzer.

Svitzer has begun operations in the Port of Itaqui in São Luís, Maranhão, marking another significant milestone in its expansion across Brazil. Over the past nine years, Svitzer has invested more than R$650 million in the country, reflecting its commitment to the Brazilian market and its strategy of delivering safe and reliable marine services to its customers.The Port of Itaqui, located in one of Brazil’s largest port complexes, is a critical logistical hub for the Central-North and Central Brazil corridors.

06 Dec 2024

Port Authority-Led Supply Chain Panel Steers NY/NJ Seaport

Ocean carriers, terminal operators, dockworkers, truckers, railroads, warehousers and more all must coordinate to move more than $230 billion in goods in and out of the Port of New York and New Jersey annually.(c) Port of NY / NJ

The summer of 2013 was a breaking point for the Port of New York and New Jersey.“It was like Armageddon,” said Bethann Rooney, port director at the Port Authority of New York and New Jersey. “It was the worst cargo congestion we’ve ever seen.”The compounding causes – technological difficulties, a labor shortage, and lingering effects of Hurricane Sandy – couldn’t be fixed by any single entity at the port. It led Rooney, then the manager of port security, to propose something unprecedented…

06 Dec 2024

Rottnest Fast Ferries takes new 32m Vessel

Austal Philippines has delivered the Incat Crowther-designed “Ocean Master” to Rottnest Fast Ferries, of Hillarys Western Australia (Image: Austal Philippines)

Austal Philippines delivered a 32m catamaran to Rottnest Fast Ferries, less than 12 months after commencing construction in Balamban, Cebu.Dubbed Ocean Master and designed by Incat Crowther, was officially accepted by representatives from Rottnest Fast Ferries following the successful completion of sea trials in November 2024.President of Austal Asia, Wayne Murray said “The Austal Philippines team have delivered this impressive new catamaran in less than 12 months - exceeding expectations for productivity…

05 Dec 2024

US to Provide Security Boats to Vietnam

The United States will provide $12.5 million to Vietnam to enhance its maritime law enforcement capabilities and combat illegal fishing, the U.S. embassy in Hanoi said on Thursday.The assistance package includes support for Vietnamese maritime law enforcement agencies, the donation of small boats and the development of training facilities, it said.Vietnam's neighbors and trade partners have urged it for years to take greater action against illegal fishing practices, including…

05 Dec 2024

MPA and MISC Partner Up for Maritime Ops Digitalization

(Credit: MPA)

The Maritime and Port Authority of Singapore (MPA) and Malaysia’s MISC have signed a memorandum of understanding (MoU) to strengthen collaboration in innovation, research and development (R&D) and test-bedding activities, to advance digital transformation in the maritime industry.As part of the three-year arrangement, both parties will focus on integrating sustainable digital technologies into marine operations, enhance processes through data-sharing initiatives and cybersecurity…

05 Dec 2024

Europe's First Electric Tugboats Arrive in Antwerp

Copyright: Port of Antwerp-Bruges

Six new electric tugboats, including the groundbreaking Volta 1, have arrived in the Port of Antwerp-Bruges, with t e Volta 1, Europe’s first fully electric RSD tugboat, serving as the poster child for the port’s ambition to achieve climate neutrality by 2050.The electric tugboat Volta 1 is a European first. With a bollard pull of 70 tons and powerful batteries that can fully recharge in just two hours via a 1.5 MW charging station, this tugboat is completely emission-free. In addition to the Volta 1, five diesel-powered tugboats also arrived in Antwerp today.

04 Dec 2024

SeaPort Manatee adds two Eco-efficient Harbor Cranes

The Seaport Manatee cranes arrive in Florida. PHOTO CREDIT: Seaport Manatee

SeaPort Manatee is furthering its ship-to-shore cargo-handling capabilities with addition of two new Konecranes Gottwald Generation 6 mobile harbor cranes at the maritime trade hub for Southwest and Central Florida and beyond.The latest pair of eco-efficient cranes arrived at the seaport Monday [Dec. 2], after a trans-Atlantic voyage from Antwerp, Belgium, on Spliethoff’s M/V Plantijngracht. The units are to enter service in January, bringing to a total of seven the number of Gottwald mobile harbor cranes in use at SeaPort Manatee.“With cargo flowing through SeaPort Manatee at a record pace…

04 Dec 2024

Lakes November Limestone Trade Down 4.9 PCT

Limestone loading operations on the Great Lakes CREDIT LCA

The Lake Carriers' Association (LCA) on Wednesday reported that shipments of limestone on the Great Lakes totaled nearly 3 million tons in November, a decrease of 4.9 percent compared to a year ago. Limestone cargos were a mere 8,340 tons below the month’s 5-year average.Loadings from U.S. quarries decreased 4.5 percent from 2023 to 2.5 million tons. Shipments from Canadian quarries totaled 498,801 tons, a decrease of 7.1 percent.Year-to-date the limestone trade stands at 27.1 million tons, a decrease of 1.1 percent compared to a year ago.

04 Dec 2024

Shoring Up U.S. Shipbuilding

Spoiler Alert: we already know what to do. Some of it just isn’t physically possible. Help isn’t going to come from South Korea.Just two days following Donald Trump’s historic election victory, positioning him to become just the second U.S. President to be elected twice, in separate, non-following terms, the headlines curiously turned to shipbuilding. Which is a nice thing, since the average American thinks very little about that industry on a daily basis. Digging deeper, it seems that America’s once dominant shipbuilding industry needs help…

04 Dec 2024

U.S. Military Gets Sealift Boost with M/V ARC Endeavor

Image courtesy ARC

American Roll-On Roll-Off Carrier Group Inc. (ARC) said that M/V ARC Endeavorentered the Maritime Security Program (MSP) fleet on December 1, strengthening ARC’s position for U.S.-flag Roll-on Roll-off (Ro-Ro) shipping services.M/V ARC Endeavor replaces ARC’s M/V Endurance in the MSP fleet. MSP is the bedrock Congressional maritime readiness program that since 1996 maintains a modern, active fleet of 60 U.S.-flag, privately-owned ships available to provide sealift capacity and support to the military and other federal agencies in times of need, such as war or national emergencies.

04 Dec 2024

Damen RSD Tug 2513 named in Malta ceremony

The Damen RSD Tug 2513 "Med Aldebaran" (c) Damen

On December 4th, Tug Malta held a naming ceremony for its latest vessel, a Damen RSD Tug 2513, in Malta. During a celebration attended by the Prime Minister of Malta Robert Abela, the vessel was named Med Aldebaran.With more than 80 tonnes of bollard pull at its disposal, the new vessel will add significant strength to the company’s operations in Malta’s Port of Marsaxlokk. The RSD Tug 2513 is a compact, maneuverable vessel combining elements of ASD and tractor tugs to deliver an ‘always bow first’ approach to towage.

04 Dec 2024

ONE Acquires Terminal in Southeast Asia

Illustration (Credit: ONE)

Japanese shipping company Ocean Network Express (ONE) has completed the acquisition of a minority stake in New Priok Container Terminal One (NPCT1) in Jakarta, Indonesia.NPCT1 is an important terminal serving mature gateway markets in Southeast Asia. Built in 2016, it has an annual capacity of 1.5 million TEU and can accommodate advanced mega containerships with its deep drafts and modern equipment.Jakarta is ONE’s third-largest volume port in Southeast Asia. This acquisition…

04 Dec 2024

INSIGHTS: Sweden’s Alternative Fuel Development Faces Wider Market Hurdles

Image courtesy GAC

Despite becoming a major developer of alternative fuels for the maritime sector, Sweden is facing limited access to the wider European market. Nils Igelström, Managing Director of GAC Sweden, discusses the need for greater clarity to prevent shipping’s energy transition stalling.Sweden is in a very strong position to support the maritime sector’s alternative fuel development. Tied closely to the country’s own goal of reaching net zero by 2045, it is investing heavily in infrastructure project to develop biofuels…

04 Dec 2024

Pakistan Pushes Qatar LNG Contract with Qatar for a Year

Copyright aerial-drone/AdobeStock

Pakistan has deferred its liquefied natural gas (LNG) contract with Qatar for a year, Petroleum Minister Musadik Malik said, adding that the country will now get LNG cargoes from Qatar in 2026 instead of 2025.Annual power use in Pakistan, which gets over a third of its electricity from natural gas, has declined 8-10% year-on-year over the past three quarters, the country's power minister told Reuters in November, primarily due to higher tariffs curbing household consumption.The South Asian nation has deferred five LNG cargoes from Qatar and is also negotiating to defer five cargoes with other

04 Dec 2024

Wheat Export Tariffs Likely to Slow Shipments from Russia

Courtesy BIMCO

“Between January and November 2024, Russian seaborne dry bulk exports have decreased 5% y/y, driven by a 10% y/y decrease in coal shipments. The price competitiveness of Russian coal has deteriorated, compared to Mongolian, Indonesian and Australian cargoes, and a gradual increase in exports over land to China has also contributed to this decline,” says Filipe Gouveia, Shipping Analyst at BIMCO.So far this year, wheat and fertilizer shipments from Russia rose 6% and 7% y/y respectively.

03 Dec 2024

San Antonio Terminal Int'l concession extended until 2030

San Antonio Terminal, Chile (c) STI and Oc2

Empresa Portuaria San Antonio (EPSA) filed a Material Event with the Financial Market Commission (CMF), informing that San Antonio Terminal Internacional (STI) had met the investment conditions agreed in 2020 and, therefore, its concession will be extended until January 1, 2030 (the second extension since the concession originally ended in 2020).“In recent years we have implemented an intensive capex plan, investing US$66 million, of which US$47 million was to extend the concession.

03 Dec 2024

DFDS Wins Jersey Ferry Services Bid

DFDS was selected as the preferred bidder to take on the 15-year contract to provide ferry life-line freight service and passenger services to Jersey of the Channel Islands from March 28, 2025. “We are thrilled to have been selected as preferred bidder tender for the ferry service to Jersey. This opportunity allows us to bring our commitment to safety, reliability, and exceptional customer service to both residents and visitors of Jersey. We understand that a reliable ferry service is vital for Jersey, for the economy, and for providing essential supplies and access to medical services, and we look forward to serving the local communities on Jersey for many years to come,” says Filip Hermann, VP BU Channel & Baltics.

03 Dec 2024

BOEM Okays Maryland Offshore Wind Plans

© Adobestock / Photocreo Bednarek

The Bureau of Ocean Energy Management (BOEM) has announced its approval of the Construction and Operations Plan for the Maryland Offshore Wind project.This is the final approval needed for the project from BOEM following the Department of the Interior’s September 2024 Record of Decision. This significant milestone advances the Biden-Harris administration’s goal of deploying 30 gigawatts of offshore wind energy capacity by 2030.“I am pleased to announce BOEM’s approval of our nation’s tenth commercial-scale offshore wind energy project.

03 Dec 2024

MPT Welcomes Dr. Crystal Allen Craft as VP, Academic Affairs

Dr. Cryustal Allen Craft CREDIT MPT

MPT announced the addition of Dr. Crystal Allen Craft as Vice Principal of Academic Affairs. Dr. Craft brings extensive maritime, engineering, and leadership history to this role, contributing to MPT’s position as the U.S.’s largest private maritime training school.Dr. Craft began her professional career at New York Maritime College (SUNY), earning a dual degree in engineering and humanities in 2001. Her early years at sea saw her managing complex engineering operations as a licensed unlimited engineer with the American Maritime Officers (AMO).

03 Dec 2024

Pioneering Hydrogen-Powered River Vessel in France

ZULU 06, France's first hydrogen-powered river vessel (c) Maritime CleanTech

Marking a groundbreaking milestone in sustainable transport, the Sogestran Group launched the ZULU 06, France's first hydrogen-powered river vessel, on the Seine in Paris today.Valérie Bouillon-Delporte, Executive Director of the Clean Hydrogen Partnership, was the vessel’s godmother: “The successful integration of fuel cells into the riverboat ZULU 06, soon to operate commercially in the heart of Paris, marks a significant technical and regulatory milestone. Building on the momentum of the FLAGSHIPS project…

03 Dec 2024

Snake Island Port inks 45-Year Concession with NPA

Nigerdock Chairman and CEO, Maher and Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho. (c) Nigerdock

Nigerdock has completed an agreement with the Nigerian Ports Authority (NPA) for the commencement and expansion of Snake Island Port, an 85-hectare, multipurpose port facility comprising three terminals located within Snake Island Integrated Free Zone. The approval for the project was granted in 2023 by the Federal Executive Council (FEC), which has oversight on the implementation of major infrastructure projects across the country. The concession is for a period of 45 years with an optional extension.Nigerdock Chairman and CEO…

03 Dec 2024

USDOT's Marad Awards $5 Million in Marine Highway Grants

The U.S. Department of Transportation’s Maritime Administration (MARAD) awarded $4.85 million in grants to five marine highway projects across the nation via the United States Marine Highway Program (USMHP). The funding will enhance the movement of goods along our navigable waterways while expanding existing waterborne freight services in Louisiana, Puerto Rico, Washington, and West Virginia.The USMHP aims to expand the use of the nation’s navigable waterways to relieve landside congestion, support new and more efficient transportation options, and enhance performance of the surface transportation system. The program works with public…

03 Dec 2024

Enap, SAAM Launch Latin America's First Electric Tug

Latin America's first electric tug (c) ENAP / SAAM

At the Sanmar shipyard, located in Tuzla Bay, Istanbul, Latin American's first electric tug was launched.The vessel is scheduled to arrive in Chile per the service agreement signed in January this year between Empresa Nacional del Petróleo (Enap) and SAAM. This advance reaffirms both companies’ commitment to the energy transition, since the tug's electric propulsion structure does not emit greenhouse gases and reduces environmental and underwater noise.After this first launch stage…

02 Dec 2024

FMC's Bentzel Looks Offshore to Puerto Rico

The San Juan, Puerto Rico Shipping channel - gateway to closer offshoring (c) FourDogs Photography / Adobestock

FMC Commissioner Carl W. Bentzel weighs in, urging policies to help Puerto Rico become an Offshoring and Distribution Hub. His staement of today, follows:Events of recent years have made many who are interested in trade, transportation, and supply chain issues question the model of relying predominantly on manufacturers based in one nation located far from the United States. Identifying manufacturing capacity closer to our shores has become a priority for leaders in government…

02 Dec 2024

American Cruise Lines Sails into 2025

The American Serenade (c) ACL

American Cruise Lines announced its line-up for 2025, including more new ships, 8 new itineraries, and the longest river cruise in the country, the 51-Day Great United States. 2025 offerings also feature an array of exclusive U.S. cruises, including bucket-list adventures exploring U.S. National Parks from Alaska to Wyoming to the Smoky Mountains. Next year, the world’s only 100% U.S.-flagged fleet of riverboats and small cruise ships, will sail over 50 different itineraries, including brand new cruises on the Mississippi River…

02 Dec 2024

Panama Canal's Big Plans to Address Drought

The Panama Canal accounts for 3.1% of the Central American country's gross domestic product. Copyright Solarisys/AdobeStock

The lush river valleys of El Zaino y La Arenosa in western Panama, home to hundreds of families that eke out a living farming, fishing and raising cattle, could soon be submerged by a massive man-made reservoir designed to ensure the viability of the Panama Canal in the face of a changing climate.Tres Hermanas, with its farms, two schools, churches and a medical clinic, is one of dozens of towns that would disappear in the next six years if the state-owned Panama Canal's ambitious $1.6 billion project goes ahead.

02 Dec 2024

St. Lawrence Seaway Invests $350 Million in Upgrades

Infrastructure upgrades position the Seaway to meet future demands. (c) Wilding / Adobestock

The St. Lawrence Seaway Management Corporation (SLSMC) has announced an investment of over $350 million in infrastructure upgrades over the next three years.This investment will ensure the Seaway’s continued reliability and efficiency, while creating jobs and strengthening local communities. Spanning from April 1, 2024, to March 31, 2027, the investments include more than $170 million in the Montreal to Lake Ontario (MLO) region and $180 million in the Welland Canal region. These upgrades will enhance critical infrastructure…

28 Nov 2024

DEME to Build Offshore Wind Terminal in German Port

(Credit: DEME)

DEME has been awarded a contract, worth up to $52 million, for the construction of an offshore wind terminal in the Port of Cuxhaven in Germany.The terminal will boost Cuxhaven’s position as a key offshore industrial hub to support the handling of heavy-duty loads, particularly components for offshore wind farms.Operated by Niedersachsen Ports (NPorts), the expanded offshore wind terminal will consist of three (5-7) berths and 1,250 metres of quay wall for heavy loads, as well as a storage area of 38 hectare.As part of a consortium…

27 Nov 2024

Brazil Grain Barges Return as Amazon Drought Eases

(c) JR Slompo / Adobestock

Transportation of soybeans and corn on barges along the Brazilian Amazon's Tapajos River, which had been suspended in early October due to dry weather, resumed at 50% capacity this week, operators said on Wednesday.Shipping began again on that waterway, which receives grain cargos from Brazil's biggest farm state Mato Grosso and nearby areas, as rain raised river levels, said Amport, an association representing port terminals and cargo transshipment operators of the Amazon basin.Barge shipping on the Madeira River, another Amazon waterway, returned to normal this week, Amport said.

27 Nov 2024

Cheniere gets FERC OK for Corpus Christi LNG

LNG carrier at sea (c) Moofushi  / Adobestock

Federal regulators on Wednesday gave Cheniere Energy  permission to introduce natural gas into its Corpus Christi expansion project, a document showed.The Federal Energy Regulatory Commission (FERC) said Cheniere could introduce natural gas to its fuel gas and hot oil systems. The decision follows an October 17 order allowing Cheniere to take liquefied gas from the Stage 3 plant to its refrigerated liquid storage facilities.The decision moves Cheniere Energy one step closer to producing first LNG from its Stage 3 LNG plant.Cheniere is the largest U.S.

27 Nov 2024

Trump to Boost LNG Exports, Oil Drilling from Day 1

A tanker loads at an LNG facility (c) Mike Mareen / Adobestock

Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U.S. coast and on federal lands, according to two sources familiar with the plans.The energy checklist largely reflects promises Trump made on the campaign trail, but the plan to roll out the list as early as day one ensures that oil and gas production will rank alongside immigration as a pillar of Trump's early agenda.Trump…

26 Nov 2024

Trump 25% Tariff Plan Includes Oil Imports

Photo by U.S. Air Force photo by Staff Sgt. Andrew Lee

U.S. President-elect Donald Trump does not intend to spare crude oil from his planned 25% import tariffs on Canada and Mexico, sources told Reuters on Tuesday, as the oil industry warned the policy could hurt consumers, industry and national security.Canada and Mexico are the top sources of U.S. crude oil imports, together accounting for around a quarter of the oil U.S. refiners process into fuels like gasoline and heating oil, according to the U.S. Department of Energy.The U.S.

26 Nov 2024

EPA Fines PR Company $80K for Polluting Cañas River

Justice (c) AA+W / Adobestock

The U.S. Environmental Protection Agency has fined Transporte Rodríguez Asfalto, Inc. (TRA) in $80,000 for violations of the Clean Water Act after discharging stormwater pollutants into the Cañas River during construction activities in Aguada, Puerto Rico.“We are holding TRA accountable under the Clean Water Act which is designed to protect waterways like the Cañas River and prevent pollution that threatens public health and the environment,” said EPA Regional Administrator Lisa F. Garcia.

26 Nov 2024

Sallaum Lines Orders Six PCTC Vessels

Image courtesy Sallaum Lines

Sallaum Lines has ordered six additional Pure Car and Truck Carrier (PCTC) vessels from China, two with Fujian Mawei Shipbuilding Co Ltd. (2 x 7,500 RT SDARI design) and four with China Merchants Jinling Shipyard (Nanjing) Co. Ltd. (4 x 7,400 RT Deltamarin design). Each vessel has a capacity ranging from 7,400 to 7,500 Car Equivalent Unit (CEU) Pure Car and Truck Carrier (PCTC) design. By incorporating dual-fuel LNG technology, the newbuilds deliver a reduction in carbon dioxide emissions by at least 25%In addition…

26 Nov 2024

Four Bodies Recovered from Red Sea Tourist Boat

Egypt Red Sea Vicinity (c) lesniewski / Adobestock

Four bodies were recovered on Tuesday from a tourist boat which capsized off Egypt’s Red Sea coast, and rescue teams were still searching for seven missing people, the Red Sea Governorate said in a statement.Provincial governor Amr Hanafi said rescue teams had found five people alive on Tuesday, two Belgian tourists, one Swiss, one Finn and an Egyptian, bringing the total number of survivors to 33.The boat, the Sea Story, capsized on Monday near the Sataya Reef while carrying 31 tourists and 13 crew on a multi-day diving trip.

26 Nov 2024

Damen, Herman Sr. ink Multi-Purpose Vessel LOI

Damen Multipurpose Vessel (c) Damen

New MPV brings increased versatility to workboat sector.Damen Shipyards Group and Herman Sr. have signed a letter of intent (LOI) for the construction of a new Multi-Purpose Vessel (MPV) 4916. The LOI was signed during the Offshore Energy exhibition in Amsterdam on 26 November by Jeroen van Woerkum on behalf of Damen and Chris and Erwin van Dodewaard of behalf of Herman Sr.Next level versatilityThe MPV 4916 will be the first in a series of vessels combining the qualities of the…

26 Nov 2024

PSA Singapore, Evergreen Marine ink Box Terminal Ops JV

Evergreen Singapore CREDIT PSA

PSA Singapore (PSA) and Evergreen Marine Corporation (EMC) have established a joint venture in Singapore, aiming to enhance operational excellence and achieve greater synergies in container operations.The joint venture terminal is expected to commence operations by the end of 2024. This strategic partnership will offer long-term terminal capacity assurance to EMC’s fast expanding global vessel fleet in PSA Singapore.PSA and EMC will continue to deepen their collaboration to enhance operational efficiency, drive digital innovation, and advance sustainability efforts.

25 Nov 2024

28 Rescued after Red Sea Tourist Boat Sinks

Egyptian authorities rescued 28 people after a tourist boat sank off its Red Sea coast, the Red Sea Governorate said in a statement on Monday, as a search continued for the 17 remaining passengers and crew.The boat, Sea Story, was carrying 45 people, including 31 tourists of varying nationalities and 14 crew, on a multi-day diving trip when it went down near the coastal town of Marsa Alam, according to a separate statement by the governorate.Egyptian armed forces frigates and aircraft swept the area to try to locate the missing, but by 5:00 p.m. (1500 GMT) the search had been paused for the night, a government source said.The governorate said a distress call was received at 5:30 a.m.

25 Nov 2024

America’s Ports: A New Awakening [?]

Washington comes to grips with the reality that the domestic intermodal equation includes four modes. One of them is by water. It’s about time.One of the great things about spending five years in retirement (I mean, aside from being blissfully idle while you toiled) is that, when you do come back to work, you enjoy a truly fresh perspective in all aspects of your job. Not only does this provide new energy, more importantly, a half decade of change is much easier to discern. Nowhere…

25 Nov 2024

Historic Tug Transferred to Great Lakes Maritime Academy

The tugboat Robinson Bay (c) US DOT

Today, the Great Lakes St. Lawrence Seaway Development Corporation (GLS) completed the formal transfer of the Robinson Bay tugboat to the Great Lakes Maritime Academy during a ceremony at Snell Lock.This celebrated vessel, originally built in 1958, will now serve as a training platform for the Academy’s maritime students, fostering the education of future mariners. At the ceremony, GLS Administrator Adam Tindall-Schlicht, Great Lakes Maritime Academy Superintendent Jerry Achenbach, and U.S. Coast Guard Rear Admiral Jon Hickey made remarks.

25 Nov 2024

Port Houston Volumes Dip in October

Port of houston (c) wildPhotography.com Adobestock

Port Houston handled 3,430,212 TEUs through October of this year - 7% more than the same period last year. Container volumes in October specifically fell 15% compared to last October, reaching 309,623 TEUs.Despite this slight dip, volumes are expected to be solid through the end of this year. According to early market reports, activity is expected to surge in November and into the new year as users push volumes ahead of January’s labor contract expiration and the early Chinese New Year and factory closures in Asia.In October…

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