z HYSTER EMPTY CONTAINER HANDLER.jpg

Changing Box Landscape Demands That Yard Tools Keep Pace

he need for increased operating efficiencies for container terminals collides with the demands of a Tier 4 regulatory climate. Fortunately, you can achieve the former goal while satisfying your thirst for latter.   Ports and container terminal operators everywhere are faced with many challenges. A shifting liner alliance landscape has reshuffled the intermodal deck, and some ports are scrambling to dredge and finish the infrastructure necessary to handle the increased TEU throughput.

Image credit: Port of Los Angeles - Liquid Terminals

Today’s Maritime Security: Is the Industry Prepared?

In late June of 2017, AP Moeller-Maersk shut down its container operations at the Port of Los Angeles. It wasn’t due to labor relations problems, equipment malfunction or other reasons that have been known to thwart port operations. It was a cyber-attack.   In today’s climate of information technology, there’s no telling where hackers lurk or a cyber security compromises may occur.

People & Company News

Photo: Hyundai Heavy Industries

Hyundai Heavy Signed $400 Million Order to Build 5 VLOCs

 South Korea’s Hyundai Heavy Industries (HHI) has clinched a deal worth approximately US$400 million to build five very large ore carriers(VLOCs) from Seoul-based shipper Polaris Shipping.   "HHI has signed a $400 Million worth contract to build five 325,000 dwt VLOCs (Very Large Ore Carrier) with Polaris Shipping. It is the option exercised following the contract of ten same class VLOCs with Polaris Shipping on September 25," said a company statement.

Shipbuilding

Photo: Rosneft

Rosneft Orders Ten More Arctic Shuttle Tankers at Zvezda

 Rosnefteflot, a subsidiary of Russia’s petroleum company Rosneft, has inked agreements with compatriot Zvezda Shipbuilding Complex for construction of ten Arctic shuttle tankers.   At the same time Rosnefteflot and Taimyrneftegaz  signed an agreement for 20 year time chartering of these tankers.   Each tankers will be with 42,000 t deadweight each. ARC7 ice class tankers are designed for operations in the conditions with ice thickness up to 1.

Offshore

Photo: DNV GL

Shuttle Tankers - Safe, Flexible, Efficient

 Shuttle tankers are an alternative to subsea pipelines. Typically for large water depths. For harsh weather operation the use of shuttle tankers is a necessity. DNV GL has incorporated the latest findings related to their design, operation and safety in an updated shuttle tanker paper.   Shuttle tankers transport crude oil from offshore oil fields to terminals where use of subsea pipelines are not feasible.

Finance

Nakilat's flagship, the QMax Mozah. Photo: Qatar Gas Transport Company

Nakilat Net Profit Down for the Last Nine Month

 Qatar Gas Transport Company (Nakilat), the largest LNG ship owner in the world, concluded its financial results for the nine-month period ended 30 September 2017, with a net profit of QR 607 million compared to QR 749 million of the same period last year in 2016.   The lower profit was mainly attributed to the effect of changing the estimated scrap value of vessels

Government Update

 ​Fiji's Ambassador Peter Thomson, the UN Secretary General's Special Envoy for the Ocean (right), pictured with IMO Secretary-General Kitack Lim. Photo:  International Maritime Organization (IMO)

Ocean Change Requires Solutions: UN

 Solutions to address human-induced “Ocean Change” are needed to save life in the ocean and reverse the cycle of decline in which it is caught, according to Fiji's Ambassador Peter Thomson, the UN Secretary General's Special Envoy for the Ocean.   Peter Thomson, who was visiting the International Maritime Organization (IMO) in London, said that as a Fijian, he had personally witnessed the degradation of the marine environment in his lifetime,

Education/Training

(Photo: CMA CGM)

CMA CGM among the Top Companies for Trainees

French based CMA CGM Group is one of the world’s largest maritime transport firms. It is also a top company for trainees, a recent survey found. After ranking 11th last year, CMA CGM reached 7th place in the Happy Trainees ranking, which lists companies of all nationalities that provide the best internships. The survey conducted by Choosemycompany.com was sent to 104 students between September 1,

Casualties

MV Ruyter (Photo: MCA)

Captain Fined after Ship Grounds off Northern Ireland

The captain of a Dutch cargo ship that ran aground at Rathlin Island has been fined £1,000 ($1,300) at Armagh Magistrates' Court after pleading guilty to failing to keep a proper look out.    Ship’s captain Aleksandr Iakovtsov of the MV Ruyter pleaded guilty to charges brought by the U.K. Maritime & Coastguard Agency (MCA). He was charged under the Merchant Shipping

Logistics

Photo: Port of Kiel

Kiel's Cruise Shipping Season Draws to a Close

A final call from AIDAvita on October 21 marked the end of the 2017 cruise shipping season in Kiel, Germany.   This year saw the number of passengers embarking or disembarking at Kiel’s cruise shipping terminals pass the half million mark for the first time, as the port was visited on 143 separate occasions by 29 different cruise ships with a combined total 10 million GT.