CMA CGM and China Cosco are the two most likely carriers to buy OOCL, should its main shareholders decide to sell the company, according to Drewry Financial Research Services (DFRS).
DFRS claimed the acquisition of Hong Kong-headquartered OOCL and its parent company Orient Overseas International Ltd (OOIL) could represent “the final piece for CMA CGM” following its acquisition of Singapore’s NOL last year.
Source: The Loadstar
International Container Terminal Services Inc’s (ICTSI) unit Operadura Portuaria Centroamericana has inked a deal to expand Puerto Cortes in Honduras.
OPC has signed a contract with China Harbour Engineering Company (CHEC) for the first phase of the expansion of specialised container and cargo terminal at Puerto Cortes. The first phase of construction will feature a 350 m berth with a draught of 15.5 m and will be equipped with two post-panamax quay cranes.
More at Seatrade Maritime
Figures from the Russian Association of Sea Ports show that the main ports in the Russian north in 2016 had a more than 40 percent year-on-year increase from 2015. Growth was biggest in Murmansk where a total of 33,4 million tons of goods was handled, a 50 percent increase. Also Varandey, the oil terminal on the Pechora Sea coast, in 2016 had a significant growth. The port, which is owned and operated by Lukoil, handled eight million tons of oil, which 21,6 percent higher than in 2015.
More at Hellenic Shipping News
”The only reason the crew hasn’t starved is because of the food and humanitarian assistance provided by the ITF, Algerian trade unions, the port authority of Algiers Port and the embassies of India and Turkey,” said ITF inspector Mohamed Arrachedi.
From Maritime Executive:
An International Transport Workers’ Federation (ITF) inspector has issued a last ditch call to a shipowner and its flag state to act to stop the suffering of a 17 seafarers abandoned in Algeria.
ITF inspector Mohamed Arrachedi says the crew of the Panama-flagged, Turkish-owned Seahonest has been stranded, unpaid and unprovisioned, in the Port of Algiers for seven months.
“The crew are on the brink,” says Arrachedi. “I believe there’s a real risk of suicide – that’s how desperate they are. The company has washed its hands of them, yet continues to operate other vessels. It’s a human disgrace, I believe they are happy to see the men reach breaking point in the hope that they will leave without a cent of what they’re owed.”
The crew includes two Turkish and 15 Indian nationals.
More at Maritime Executive
From the NW Labor Press:
The Columbia Pacific Building and Construction Trades Council has joined a coalition challenging a new City of Portland ordinance that restricts the development and expansion of bulk fossil fuel terminals.
The yet-to-be-named coalition includes the Portland Business Alliance and a wide range of businesses along the Portland Harbor that are part of another group, the Working Waterfront Coalition.
The ordinance passed City Council Dec. 14 by a unanimous vote.
More at the NW Labor Press
From the Seattle Times:
After a brief spat, the Port of Seattle has dropped its objection to the sale of bankrupt Hanjin’s operations at Terminal 46 west of the stadiums.
The Northwest Seaport Alliance, which controls the ports of Seattle and Tacoma, said Friday it had struck a deal with the proposed new owners — Switzerland-based Mediterranean Shipping and its affiliate, Luxembourg-based Terminal Investment Limited — and withdrawn the opposition it expressed in bankruptcy court just a week earlier.
More at the Seattle Times
The Port of Oakland saw a record level of loaded shipping container volume in 2016, despite having consolidated its number of shipping terminals earlier in the year.
The port said Monday it handled the equivalent of 1.83 million loaded 20-foot containers in 2016, a 7.6 percent increase from 2015, surpassing the previous record of 1.82 million 20-footers set in 2013.
According to port officials, a year-long growth clip in exports — particularly agricultural products — has driven the overall increase in cargo volume, as well as an increase in imports.
More at the East Bay Times
From OPB News:
The Port of Vancouver has named three finalists for CEO.
The candidates include: Edward Galligan, the executive director for the Port of Olympia; Arthur Scheunemann, the former CEO of the economic development council for Seattle and King County; and Julianna Marler, the Port’s current interim CEO.
The candidates will be interviewed by a public panel on Jan. 19 followed by an executive session of port commissioners on Jan. 20 to discuss the candidates.
From the Business Examiner reported on Monday:
The Glovis Composer, a roll-on/roll-off vessel carrying a shipment of 4,818 vehicles, is berthing today at the Port of Tacoma’s Terminal 7, marking the largest single-vessel auto discharge in the facility’s history.
The ro-ro ship from South Korea is 656 feet long and 106 feet wide, with a gross tonnage of 58,631 tons. The vessel has a total capacity to move 6,400 vehicles; discharges from this same vessel last year, however, averaged only 1,825 cars.
Continue reading at the Business Examiner
Excerpts from the Journal of Commerce:
The Port of Seattle wants a financial guarantee for Terminal 46 lease payments.
The Northwest Seaport Alliance is attempting to block the sale of a terminal once owned by now-defunct Hanjin Shipping unless Mediterranean Shipping Co., the buyer, posts a security bond to protect the interests of the Port of Seattle.
The port authority filed an objection Friday with the US Bankruptcy Court in New Jersey to the sale of the former Hanjin Terminal 46 in Seattle unless a bond for $1.25 million was posted.
More at the JOC
From a Post Bulletin article titled ‘Travel Scene: Cruise operators are riding high seas’:
The cruising industry is setting sail into 2017 with high expectations.
According to industry leaders, the outlook is that 2017 may be a historic one, with bookings at an all-time high. That prospect has been advanced by one of the leaders of World Travel Holdings, one of the largest leisure travel operators in the county.
According to Travel Market Report, Brad Tolkin, co-chairman and co-CEO of World Travel Holdings, told a cruise conference that December bookings for 2017 were the highest in the company’s history.
And the nation’s travel agents also are optimistic. Cruise Lines International Assn., the industry’s major marketing organization, reported that 73 percent of agents said they expect sales to increase in 2017 and “fully 27 percent expect increases of 10 percent or higher.”
More at the Post Bulletin
The Port of Bellingham signed a lease with a company that will ship timber out of the terminal to Asia. Photo by Evan Abell
Excerpts from ‘Port of Bellingham signs deal with company that will ship timber to Asia’ in the Bellingham Herald:
The Port of Bellingham announced Wednesday that it had signed a lease with GrandCamp International LLC to export logs from this area to Asia through the Bellingham Shipping Terminal. The 5-year lease includes 5 acres of property and up to 7 acres of optional water area near the shipping terminal.
GrandCamp Managing Member Steve Grandorff said filling a typical ship would take between 1,200 and 1,400 truckloads, with a ship arriving every two or three months.
The deal will provide work for local longshoremen in terms of loading the timber onto the ships. According to a Port of Bellingham news release, it will provide work for 36 longshoremen, who will take around seven days to load a ship.
More at the Bellingham Herald
APM Terminals workers prepare to strike in Ghana, January 2017.
Some workers of APM Terminals, a container terminal operating firm at the Tema Port, yesterday embarked on a sit-down strike in solidarity with their colleagues who were interdicted for agitating for salary increases.
Clad in red armbands, the workers deserted the operational yard of the company and vowed not to return to work until their colleagues were reinstated.
They also accused the company’s management of recruiting new employees to replace the interdicted workers although they were yet to commence investigations into the conduct of the interdicted workers.
More at the Daily Graphic
From Vessel Finder:
A Coast Guard Hearing Officer assessed a $9,500 civil penalty, Dec. 27 2016, to a Washington resident for interfering with the safe operation of the Washington State Ferry Tokitae by shining a high-powered blue laser at the vessel on October 22, 2015.
Mark Raden of Freeland was aboard the WSF Kitsap transiting between Mukilteo and Clinton when he pointed the laser at the Tokitae, striking the vessel’s master and chief mate in the eyes and endangering the 106 passengers on board.
Raden … was ordered to serve 15 days in jail, perform 240 hours of community service, and pay $3,740.89 in restitution to the master and chief mate. He will also serve 24 months of probation.
More at Vessel Finder