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  • 14 Jul 2014 8:34 AM | Anonymous

    Original news was published on 7 July, 2014

    On Friday, June 6, Intermarine, LLC signed a JV with a 100% Angolan company, Transtar Transitario LDA of Luanda, as partners in the ocean carriage of Oil and Gas equipment from worldwide origins to Angolan ports. This JV (to be known as Transmarine) satisfies all the legal requirements of Angolan Ministry of Petroleum’s Order No. 127/03 for a local content company. This law, while on the books since 2003, had not been actively enforced until 2013 and now gives priority to local content companies. This will allow Intermarine to offer their services to the partners of Sonangol, the national oil company of Angola, including operators, suppliers and EPC projects at competitive prices and services.

    “This joint venture is part of our ongoing commitment to our customers and further indication that we intend to be a global leader in ocean logistics and transportation,” said Michael Dumas, CFO. “This JV was necessary to expand our existing West Africa liner services and will open up opportunities for us to help customers in Europe, the Middle East and South America with their West African shipping needs.”

    “We understand that the expansion of trade between Africa and the rest of the world has seen transportation requirements and shipping capacities increase exponentially. These expanding markets require a specialized transport carrier to address the needs of key African industries including, oil and gas, energy, mining, and infrastructure,” added John Bomer, VP Africa Service. “We are committed to providing reliable service and regular delivery from the U.S. Gulf and Europe to Africa. African customers will find that their cargo is handled with the usual industry leading care that has made Intermarine the leader for critical project cargo.”

    The new JV will deliver operational excellence, technical expertise, a laser focus on quality and HSE, and on-time cargo delivery for which Intermarine is known. The JV will also have access to Intermarine’s Industrial Terminal (Houston), the busiest project cargo terminal in the United States, adding to the JV customer service capabilities.

    *NEWS SOURCE

  • 12 Jul 2014 9:21 AM | Anonymous

    Original news was published on 10 July, 2014

    Box traffic in Northern Europe’s six largest ports will rise by 6.9% in the latter half of 2014, the Irish Maritime Development Office (IMDO) said in its Shipping Market Review referring to the Lloyd’s List findings.

    According to the latest Global Port tracker report published by Hackett Associates and the Institute of Shipping Economics and Logistics, imports will increase 5.1% and exports 2.5% throughout Europe during the six-month period.

    As indicated in the Review, total container volumes throughout 2014 are expected to increase, with imports estimated to expand by 4.3% to 20.5m TEU and exports by 4.8% to 20.6m TEU. It is expected that volumes will fluctuate with regard to region, as a market-share war happening between Hamburg, Rotterdam and Antwerp is likely to continue for the rest of this year.

    Ben Hackett on behalf of Hackett Associates warned: “As the European Central Bank continues with its extremely low interest rate policy, the demand side of the equation remains firmly in the hands of the consumer boosted in confidence with solid growth in the UK and Germany.”

    With regard to the dry bulk market, tight tonnage and record supplies of iron ore for shipment look set to cause a doubling of Capesize rates to $28,000 in 2015, according to a consensus of shipping analysts, with fund manager Liberum Capital claiming that mining companies will feel the squeeze on margins.

    Mining Weekly reported that steadily declining investment in newbuild vessels in the dry bulk market, combined with record growth in iron ore production will result in a shortage of tonnage over the coming 12 months, leading to the surge in Capesize rates.

    Iron ore miners followed by coal miners are expected to bear the brunt of this freight inflation, with downgrades of the 2015 consensus earnings per share (EPS) for Rio Tinto (-13%), Anglo American (-9%) and BHP Billiton (-9%). Liberum further projected an 81% rate increase for the Panamax class, 66% increase for Supramax and 57% increase for Handysize vessels.

    *NEWS SOURCE

  • 11 Jul 2014 8:42 AM | Anonymous

    Original news was published on 10 July, 2014

    Fugro has taken delivery of the first of three Fugro Offshore Coastal Survey Vessels (FOCSV) being built by Damen. The first of a new class, the Fugro Proteus is a compact, survey ship capable of undertaking a wide range of survey, monitoring and inspection operations.

    The vessel is designed for a variety of survey and inspections duties including light geotechnical work, environmental baseline surveys, monitoring and inspection, and moon pool deployments. Diesel electric propulsion delivers excellent economy at all speeds.

    Fugro Proteus is the first of three survey vessels ordered by Fugro for delivery in 2014. Each will be operating in a different part of the world and so they have been adapted for the individual environments in which they will work. The operating company is a specialist in the acquisition of the full spectrum of survey data and so the vessels have been tailored to be adaptable for a wide range of tasks.

    Fugro Proteus is the first vessel to be built directly by Damen for Fugro. However the two groups have worked together on a number of refits in recent years, and in the process have built a relationship based on trust and mutual understanding.


    *NEWS SOURCE
  • 10 Jul 2014 8:49 AM | Anonymous

    Deal with Bulgaria could be signed this month

    Toshiba is the frontrunner to build a nuclear reactor at the Kozloduy power plant in Bulgaria. If Toshiba receives the US$80 billion engineering, procurement and construction contract, it will be the first time a Japanese company has exported nuclear technology to eastern Europe.

    News of the possible deal was released by Japanese newspaper Yomiuri Shimbun. Toshiba will sign the EPC contract for the third Kozloduy unit with Bulgarian Energy Holding this month. The company’s subsidiary, U.S.-based Westinghouse, will supply an AP1000 reactor.

    Construction will likely start in 2016.

    The existing reactors at Kozloduy were built by the Russians. In recent months, eastern European countries have looked for alternative ways to meet domestic energy demands as concerns grow over Russia’s conflict with the Ukraine.

    “The Bulgarian government intends to diversify risk by incorporating a nuclear reactor not made by Russia,” said a senior Toshiba employee involved in the recent negotiations with the BEH. “If the Bulgarian government can boost the amount of nuclear power generated, there will be benefitsundefinednamely a reduction in the percentage of thermal power generated using natural gas imported from Russia.”

    *NEWS SOURCE

  • 09 Jul 2014 8:52 AM | Anonymous

    Up to 520 meters wide and 278 kilometers long

    A route for the proposed US$40 billion Nicaraguan interoceanic canal has been approved by a committee consisting of government officials, businessmen and academics. The 278-kilometer route runs through Lake Nicaragua from the Brito River on the Pacific side to the Punto Gorda River on the Caribbean.

    Environmental and social impact studies will be conducted that could modify the route, but planners said the final route would be approved later this year and work could begin by December 2014, according to a Reuters report.

    The plan was presented by the HK Nicaragua Canal Development Investment Co., a firm led by Hong Kong lawyer Wang Jing, that last year won the rights to develop the ambitious infrastructure project. Environmentalists have expressed concern the canal would disrupt the region’s water supply and damage its fragile ecosystem. The canal would be between 230 meters and 520 meters wide with a depth of 27.6 meters.

    The new canal would be able to accommodate vessels twice the size of those able to pass through the Panama Canal expansion, which is scheduled to be completed in 2016. Last week, Nicaraguan lawmaker Edwin Castro said the Nicaragua Canal will not compete as a transit route with the Panama Canal.

    “Nicaragua’s canal will have a much wider strip across the country, in other words, it will be able to admit much bigger ships than would fit in the Panama Canal, even when it’s enlarged,” the politician said to a group of students. HKND Group has said that its canal could admit Super-Post-Panamax ships of up to 23,000 TEUs.

    HKND plans to complete construction in 2019 and begin operating the Nicaragua Canal in 2020. Earlier this week,

    *NEWS SOURCE

  • 08 Jul 2014 8:40 AM | Anonymous
    Original news was published on 7 July, 2014

    Van Oord’s new DP2 cable-laying vessel Nexus was officially launched by Damen Shipyard Group. The 123-meter multipurpose vessel will be deployed installing electricity cables for offshore wind farms.

    The international contractor for dredging, marine engineering and offshore energy projects has made the investment in this innovative vessel to pursue its strategy to offer engineering, procurement and construction contracts to offshore wind farm developers.

    With a beam of 28 meters and a dynamic positioning system (DP2), the Van Oord vessel will be equipped with a huge cable carousel, able to carry more than 5,000 tonnes of cable, and a heavy crane that will enable it to lay heavy export cables. The vessel has accommodation for 90 people.

    The new Van Oord cable layer is based on the Damen Offshore Carrier 7500, a new multipurpose vessel design with a spacious, flush working deck, which is ideally suited for heavy-lift or ro-ro transport, as well as offshore installation capabilities. Offshore installation equipment can be mounted on the vessel and the design can be customized to create a dedicated ship, as is the case with the Van Oord cable layer.

    Van Oord CEO Pieter van Oord comments that the investment in the Damen cable laying vessel highlights the company’s drive to continuously serve new and existing markets by investing in state-of-the-art technology and marine ingenuity.

    Currently, Van Oord is making preparations for the 600-megawatt Gemini Offshore Wind Farm, which will be one of the largest offshore wind projects in the world. Van Oord was awarded the EPC contract, which is valued at more than US$1.8 billion (EUR 1.3 billion).

    At 55 kilometers to the north of Schiermonnikoog, one of the Dutch Wadden Islands, Gemini will consist of 150 Siemens 4-megawatt wind turbines, which will supply renewable energy to 785,000 households.

    *NEWS SOURCE

  • 07 Jul 2014 8:35 AM | Anonymous

    Original news was published on 6 July, 2014

    TAIWAN's Wan Hai Lines is to further expand its China-India network by joining NYK, X-Press, Hapag-Lloyd and Yang Ming to co-operate West India-China direct service (WIN) effective mid July 2014 to create a better service.

    The weekly service will cover East & South China/Singapore/Malaysia/India and Sri Lanka. It will be operated by six 3,300-TEU containerships of which one vessel will be operated by WHL, two by NYK and one each from X-Press, Hapag-Lloyd and YM.

    WHL's maiden voyage will be arriving Ningbo port July 13 to commence the sailing of 42-day schedule. The port rotation will cover: Ningbo, Shanghai, Shekou, Singapore, Port Kelang (North port), Nhava Sheva, Pipavav, Colombo, Port Kelang (North port), Port Kelang (West port), Singapore, Hong Kong and Ningbo.

    *NEWS SOURCE

  • 05 Jul 2014 9:04 AM | Anonymous

    Original news was published on 4 July, 2014

    CMA CGM Group has signed an agreement with Adani Ports for a 4th Container Terminal in Mundra

    •The JV will develop and operate the new Fourth Container Terminal, a state-of-the-art facility with an annual capacity of 1.3 million TEUs

    • Mundra will become India’s largest container port in next 24 months, with a total Container handling capacity reaching 5.5 million TEUs

    CMA CGM Group is pleased to announce that it has signed with Adani Ports and Special Economic Zone (APSEZ), India’s largest port developer and part of Adani Group, an agreement for the development of a new common user Container Terminal at Mundra Port.  This will be the 4th Container Terminal in Mundra and will be a 650 meters terminal along with 27 hectares of back area capable of handling 1.3 million TEUs annually.

    Following this announcement, the construction phase will be initiated immediately and completion will be in a record 24 months. The project comprises design and construction of 650 meters jetty with a water depth of 16.5 meters. This world class terminal will initially have four units of 65 tonne capacity of Rail Mounted Quay Cranes capable of handling 18,000 TEU vessels and Super Post and Ultra Large Container Vessels. These cranes would be by far the largest and first of its kind in India. The yard equipment will include twelve 41 tonne lift rubber tyred container gantry cranes which will accommodate seven rows of containers and one operational lane.

    For CMA CGM, Mundra Container Terminal is the Group’s first port investment in India, and demonstrates its ambition to further increase its presence in this strategic and fast-developing country. CMA CGM is present in India since 1984. With around 500 staff members and 24 offices, CMA CGM is calling 9 ports in India, and offers to its Indian customers more than 8 direct shipping services connecting India to the rest of the world. This new investment adds to the 27 container terminals that CMA CGM Group has today in its portfolio, and is a key step in its strategy to further expand its position in port operations.

    This 50:50 JV partnership is yet another major step by APSEZ to continue to rapidly expand its container terminals footprint across India’s coastline and further augments APSEZ’s existing two container handling locations at Mundra and Hazira along with its already announced two container terminals to be constructed at Ennore in Chennai and Dhamra in Odisha. It will allow Adani Ports to fulfill its stated vision of handling 200 million metric tonnes of cargo well before the year 2020.

    This partnership is expected to significantly benefit both companies in accelerating the ramp up of export, import and transshipment container volumes in India.

    Farid T. Salem, Executive Officer of CMA CGM Group said: “We believe in the development of India and of its economy. With this investment, CMA CGM and Adani Ports will develop a state-of-the-art infrastructure that will play a key role for the development of the country’s industry. CMA CGM has strong ambitions in India. We have already a strong presence in India, through our 24 offices and our 8 direct shipping services. We are convinced our partnership with Adani Ports will significantly reinforce this strategy.”

    “We are very pleased with this JV partnership that will help put our continued expansion at the Mundra port on an even steeper trajectory. The strategic value of such a partnership with a major global player like CMA CGM is hugely significant and opens up a whole set of additional opportunities and synergies for both the companies” said Gautam Adani, Chairman of the Adani Group.  “This new container terminal will be an absolutely world class facility that will stimulate the growth of cargo benefiting our customers as well as help accelerate the industrial development over the vast hinterlands that Mundra provides access to. This will make Mundra the largest container port in the country.”As per the agreement, the transaction is subject to approvals from the regulators as maybe required including the competition commission of India, MoCI and the GMB.

    *
    *NEWS SOURCE
  • 04 Jul 2014 8:36 AM | Anonymous

    Original news was published on 2 July, 2014

    Senvion installed the first four offshore turbines for RWE’s Nordsee Ost, a 295-megawatt wind farm off the German coast.

    The Senvion turbines are some of the most powerful turbines in commercial use. The towers are 70 meters in length and weigh 243 tons apiece. The nacelles weigh 350 tons each with blades reaching 126 meters in diameter. Each has the capacity to produce 6 megawatts of electricity and were installed at depths from 22 to 25 meters, about 35 kilometers north of the island of Heligoland, Senvion said in a statement. Installation of all 48 turbines will be completed this summer.

    Senvion is supplying all components for the wind turbines and the service platform cranes. At the moment, the hubs, rotor blades, nacelles, towers and other platform components are being pre-assembled in the CT1 base harbor in Bremerhaven. The first shipment of four towers, blades and turbines were loaded on the Victoria Mathias installation vessel and transported to the 24-square-kilometer site at sea.

    *NEWS SOURCE

  • 03 Jul 2014 11:32 AM | Anonymous
    FM is happy to announce that SA LOGISTICS (S) PTE LTD has joined Freight Midpoint from SINGAPORE today. Please join us to welcome them to FM Family !                               
            
    ADDRESS: 8B@Admiralty, #04-05, 8B Admiralty Street, Singapore 757440-SINGAPORE  
    CONTACT : Salim MANJA - Director
    TEL          : 00 6567499341
    FAX          : 00 6567499342
    WEB         : www.salogistics.com.sg                                     

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