File Image: A rendering of the The HES Terminal in the Port of Rotterdam (CREDIT: HES)

Goldman Sachs, Macquarie Front Runners in HES Terminal Sale

A consortium of infrastructure funds at Goldman Sachs and Macquarie is seen as the front runner in the sale of European bulk port terminal operator HES International, worth around 2 billion euros ($2.5 billion), industry sources said.   Morgan Stanley is mandated to sell the asset, two sources, whose organisations had considered bidding for it, said. They added that the expectation Goldman Sachs and Macquarie would win put off some prospective bidders.

(Photo: MARAD)

Domestic Maritime Policy: It's Not Business as Usual

An hour with the new U.S. Maritime Administrator, Rear Adm. Mark H. Buzby, USN, Ret., is as informative as it is refreshing. Sworn in on August 8, 2017, Buzby served as president of the National Defense Transportation Association, a position he has held since retiring from the U.S. Navy in 2013 with over 34 years of service. A 1979 graduate of the U.S. Merchant Marine Academy, Buzby earned his Bachelor of Science in Nautical Science and U.

People & Company News

Ed Dudson. Photo: Incat Crowther

Dudson Joins Incat Crowther as MD

 Incat Crowther has appointed Ed Dudson as Managing Director of its UK business and as a board member contributing to overall business direction.   With more than twenty five years of experience in the design and construction of high performance vessels including fast ferries, wind farm vessels, offshore vessels and patrol boats, Ed’s capability, reputation and integrity are a natural addition to the Incat Crowther brand.

Shipbuilding

Philly Shipyard aerial view Photo: Philly Shipyard

Philly Shipyard Order Backlog Touches USD 187.7 mln

 As of 31 December 2017, Philly Shipyard had an order backlog of USD 187.7 million. The contract with Matson (Hulls 029-030) provides for shipbuilding activity with delivery dates through Q1 2019.   On 20 November 2017, Philly Shipyard delivered Hull 028, the final product tanker in the four-ship order for Philly Tankers, a Jones Act shipping company that is majority-owned (but not controlled) by Philly Shipyard.

Offshore

Viking Energy. Photo: Eidesvik Offshore

Statoil Extends Contract with Viking Energy

 Norwegian oil major Statoil has declared a one-year option for the Platform Supply Vessel (PSV) Viking Energy from April this year, in direct continuation of current contract.   Eidesvik said on Monday that Statoil exercised a one-year option for Viking Energy. The extension is set to begin in April this year.   The vessel will be prepared for shore power, and equipment for better fuel consumption measurement will be installed.

Finance

File Image: The Shell Refinery in the Port of Rotterdam (CREDIT: PoR)

Rotterdam Port CEO "preparing for the worst" with Brexit

The Port of Rotterdam is bracing for a British exit from the European Union without any deal on customs, and looking at measures such as hiring 100 extra customs agents and dozens of fresh produce inspectors.   CEO Allard Castelein said he had had two meetings in the past week with "policy makers, the cabinet, the government and supporting officials about the consequences" of a so-called "hard" Brexit, which would move Britain away from EU rules.

Government Update

Indian PM Narendra Modi dedicated to the nation the 4th container terminal built at Navi Mumbai. Photo: Nitin Gadkari

Indian PM Narendra Modi Lays Foundation Stone For JNPT Fourth Countainer Terminal

 India's biggest container traffic handler Jawaharlal Nehru Port (JNPT) has achieved yet another milestone in its ambitious journey to become a world class maritime hub when the Prime Minister Narendra Modi laid the foundation stone for the fourth container terminal, proposed to be developed at an estimated cost of Rs. 7915 Crores (USD 1.23 bln) on DBFOT basis.   Modi arrived at the JNPT Helipad- accompanied by the Maharashtra Governor Ch.

Education/Training

The Bouchard Tug and Barge Simulator at SUNY Maritime College offers state-of-the-art brown water training to SUNY cadets and industry professionals alike. (CREDIT: SUNY)

Annual Towing Forum Returns to SUNY Maritime

For nearly 20 years, leaders of the tug and barge industry in the region have converged on SUNY Maritime College in the spring to discuss current issues and initiatives facing the industry. This year will be no different; the 18th annual Towing Industry Forum will include presentations about safety management systems, wind farms and their impact on marine traffic, and a federal study regarding route planning and access to East Coast ports, among other topics.

Casualties

Logistics

Photo: Santander Port Authority

BIMCO Lists Three Best Performing Bulk Terminals

 The three best performing dry bulk terminals in the world are Santander and Bilbao in Spain and Quebec in Canada, according to BIMCO’s 2017 Dry Bulk Terminals Vetting Report.   Santander was rated first in all four major categories: terminal handling of loading/unloading; terminal mooring and berthing arrangements; information exchange between the ship and the terminal and terminal equipment.