In August 2017, Hong Kong’s Competition Commission refused to grant a block exemption to the Hong Kong Liner Shipping Association’s application for their companies to exchange market information, citing ‘competitive concerns.’ Maintaining Separate Identities and Sharing of Competitive Information in U.S. Since the advent of the proposed, but never implemented, P3 Alliance in 2013,
The explosive growth of international boxships is challenging not only the physical infrastructure of North American ports, but also the very nature of the existing supply chains that they impact. The recent dialogue on container shipping has been all about so-called “mega-ships;” those vessels that with larger capacity than those that are already in service at any point in time.
Norwegian-headquartered ballast water treatment (BWT) specialist Optimarin said it has become the first manufacturer to offer a five-year parts and servicing guarantee. It’s a move that, according to CEO Tore Andersen, has the potential to redefine ship owners’ expectations from suppliers in this ultra-competitive sector. Optimarin said such long-term plans are enabled by its backing from a stable group of investors, together with its considerable order book.
UAE-based Tomini Shipping has increased its fleet size further with an order for three Kamsarmaxes. The 82,000 DWT ships are being built by Taizhou Kouan Shipbuilding Co, a successful private shipyard in China with over 40 years of shipbuilding experience. The vessels are scheduled for delivery from the second half of 2019 onwards and follow the company’s order earlier this year for three newbuilding bulk carriers from another prominent Chinese shipyard.
DNV GL has secured a combined engineering services agreement with Chrysaor Holdings Ltd. to deliver a unique range of services to the company in support of its North Sea Operations. Chrysaor recently completed the acquisition of a package of assets in the UK North Sea from Shell for a price of $3.0 billion. The transaction sees Chrysaor become the leading independent E&P company in the UK.
The Georgia Ports Authority (GPA) has approved the rail and gate expansion projects that will significantly boost capacity at the Port of Savannah’s Garden City Terminal - North America’s biggest container terminal. “A strong Southeast U.S. economy, on-terminal expansion, and investment by private logistics firms throughout the region have resulted in phenomenal growth for Georgia,” said Executive Director Griff Lynch.
The American Maritime Partnership – the voice of the domestic maritime industry – today issued the following statement to set the record straight on the importance of American maritime for Puerto Rico recovery and the capacity and capability of Jones Act vessels to meet Puerto Rico’s present and future needs. “While the American Maritime industry was delivering cargo to the docks of Puerto Rico with relief supplies within hours of the hurricane passing,
Port of Tanjung Pelepas (PTP) signed a Memorandum of Understanding (MoU) with Universiti Malaysia Terengganu (UMT) for the development of maritime and logistics studies by providing training to UMT students. PTP chief executive officer Marco Neelsen said the agreement was also a platform for sharing and, Research development in maritime technology and port management sectors.
Crowley Maritime is transporting the initial batch of what will total 32,000 utility poles from the U.S. mainland to Puerto Rico to help restore the island’s power grid in the aftermath of Hurricane Maria. The weekly shipments will consist of 35-, 40- and 70-foot wooden, concrete and galvanized steel poles, sailing aboard multiple flat deck barges. A second series of shipments is also in development and will eventually bring the project total to between 65,000-70,000 poles.
INTTRA, the electronic transaction platform, software and information provider, announced two new cloud-based products and enhancements. The first is a new Container Forecasting and Allocation Solutions Tool (C-FAST) for Freight Forwarders and NVOCC's that matches the forecast of their customers' anticipated container volume to carrier capacity availability. The second