Losses from Chinese port explosions seen at up to $3.3 bln
HONG KONG, Sept 4 (Reuters) - Explosions in the Chinese port of Tianjin last month could generate insurance losses of up to $3.3 billion, reinsurance specialist Guy Carpenter & Company said in a report on Friday, nearly double what some analysts had originally thought. Guy Carpenter, the risk and reinsurance unit of Marsh & McLennan Co Inc used high definition satellite images to evaluate how buildings, cargo, containers and property around the port were affected by the blasts, the company said.The damages are seen between $1.6 billion and $3.3 billion, compared with between $1 billion and $1.5 billion Credit Suisse analysts had estimated days after the blast in August. Source : Reuters
Maersk Line is upgrading its Middle East-South Africa-West Africa, or Mesawa, service by adding a direct call at Colombo, Sri Lanka, in an attempt to pick up additional cargo. The weekly service will begin calling at Colombo, a major transshipment hub in the region, on September 13, according to a company trade notice. The revised port rotation is as follows: Jebel Ali, United Arab Emirates; Mundra and Jawaharlal Nehru, India; Durban, South Africa; Luanda, Angola; Apapa and Tincan, Nigeria; Cotonou, Benin; Port Elizabeth, South Africa; Durban; Port Louis, Mauritius; and back to Jebel Ali. The Mesawa currently employs a fleet of 10 ships, each with a capacity of around 3,500 20-foot-equivalent units. The estimated transit times from Colombo under the new rotation will be: 9 days to Durban, 21 days to Luanda, 26 days to Apapa, 28 days to Tincan and 30 days to Cotonou, according to the advisory.Port statistics compiled by JOC.com show Colombo handled 4.9 million TEUs in 2014, up 14 percent yearover-year, with transshipment volumes jumping 19 percent to 3.8 milion TEUs from 3.2 million TEUs. Colombo’s throughput in July totaled 463,169 TEUs. Source: Journal of Commerce
Suez Canal Authority (SCA) chairman Mohab Mamish announced that Suez Canal hit a new record by the crossing of 70 ships with capacity of 4 million tons. About 34 ships have passed through the canal from the north convoy, while 36 ships passed from the south.“The increasing number of crossing ships sheds the lights on the importance of the establishment of the new Suez Canal, to raise the canal’s capacity to receive the expected increase in the global trade,” added Mamish in a news release. The Danish containers’ ship Mathilde Maersk, with a capacity of 200,000 tons is the biggest ship crossed the Suez Canal Tuesday from the north, while the giant Barzan is the biggest crossing from the south, with a 200,000-ton capacity.According to the release, Mathilde Maersk was coming from Belgium and headed to Saudi Arabia; it is one of the biggest containers’ ships in the world as it can carry 18,270 containers. Barzan was coming from Malaysia to Spain.“The Suez Canal’s is expected to generate $13.4 billion by 2023,” Mamish told Al Watan. The canal will also increase the capacity to 97 ships per day instead of 45, according to Al Ahram, Aug. 12. Since its Aug. 6 inauguration, a total of 194 ships have passed through the New Suez Canal, Youm7 reported Aug. 16. “We promised a gift to the world and we accomplished it in record time – an additional artery for prosperity and for connecting civilization to enhance the movement of international trade,” President Abdel Fatah al-Sisi stated during the opening.The New Suez Canal was established with the aim of accelerating maritime transport by allowing two-way movement for vessels in the canal. Source: Cairo Post
Amsterdam Fire Dept. contracts Damen for new fireboat
The Fire Department of the Amsterdam-Amstelland region and Damen Shipyards Group have signed an agreement for the construction of their new fire-fighting vessel Jan van der Heyde IV. The signing of the contract is the official start of the vessel’s construction. It is expected that the Jan van der Heyde IV will make its debut in Amsterdam in the last quarter of 2016. The fireboat is equipped to fight multiple fire-types from the water, such as on-board fires or on-shore fires which are more easily accessible from the water than via street access. The new ship can also serve as a floating pump unit; this way it can quickly and efficiently provide large quantities of water to teams working on land The new vessel is part of the Amsterdam Fire Brigade’s rich history of fire-fighting boats. Already in 1875 the first floating steam injection Jan van der Heyde was put into service - named after MrJan van der Heyde, founder of the current fire-fighting method, organisation and technology.
Portland Port set to welcome biggest ever cruise ship on Sept. 6
PORTLAND is set to welcome the biggest cruise ship ever seen at the port as another successful season comes to a close.
The 93,000 tonne, 294 metre long Costa Luminosa will sail into Portland Port on Sunday, bringing up to 2,500 passengers to our shores.
Commercial general manager of Portland Port Ian McQuade said by the end of the cruise ship season later this month, they will have welcomed 27,000 passengers, bringing an estimated boost of more than £1m to Dorset’s economy.
And there could be even better news for the future.
Mr McQuade said: “We are expecting next year to be down, although there doesn’t seem to be any particular reason for that, just ships being redeployed to places. It’s too early to tell for 2017 but looking longer term we hope to grow and expand.
“Our berths have stood us in good stead but ships are getting bigger and it’s important we have the ability to handle that. Our board have just approved an expansion to our main cruise berth which will allow us to welcome ships up to 330m long.”
According to industry body Cruise Lines International Association the average spend per passenger on a day visit is €62 while crew members spend €23. That means visitors have spent around €1.5m (£1.1m) this year alone. www.dorsetecho.co...
NYK Establishes First Exclusive RORO Terminal in Saudi Arabia
On September 3, NYK signed a joint-venture agreement with Ports Development Company (PDC) to establish NYK’s first exclusive RORO terminal operating company at King Abdullah port (KAP) on the Red Sea coast of Saudi Arabia.
Operations at Mumbai Port Trust were completely stopped due to the national strike on Sept. 3, but cargo handling at country’s largest container port JNPT across the harbour was only partially hit as operations continued in its two private terminals.
“Both NSICT-DP World and GTI-APM Terminals are working as normal and the liquid terminal is also unaffected. For the container terminal operated by us, we had prepared a contingency plan and offloaded all the cargo in advance itself,” JNPT chairman Neeraj Bansal told PTI.
He said around 1,400 workers at the port, a majority of them handling operations at its own terminal, have not reported to work today while 300 officers are at port.
The port is hoping that workers will join midway through the second shift, as the single day strike ends, Bansal said, adding that in the worst scenario, he does not expect an impact in cargo handling of over 2,000 standard container units because of the strike.
All-India Ports & Docks Workers Association secretary and Mumbai Port Trust employee Uday Choudhary said a majority of the 12,000 employees at one of the oldest ports in the country have abstained from work, halting operations completely.
No official from MbPT was immediately available for comment.
Choudhary said the port employees are protesting against corporatisation of major ports announced by Finance Minister Arun Jaitley in the budget, to stop hiring workers on contracts and also for pension benefits.
The two ports handle a sizable component of the country’s export-import trade and serve a big hinterland, stretching up to the national capital region.
Ten central trade unions today went on a day-long nationwide strike to protest against changes in labour laws and privatisation of PSUs, hurting normal life in various parts of the country, including in West Bengal and Kerala.
BJP-backed BMS and NFITU however stayed away from the strike.
Trade union leaders claimed that around 15 crore formal sector workers are on strike in support of their 12-point charter of demands.
The day-long strike was seen affecting transport and banking operations among other services.
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Mobile in Final Stages of Carnival Homeport Contract
Mobile, Alabama may finally be getting a homeported ship again as Mobile Mayor Sandy Stimpson announced that the city is in “final stages” of a contract negotiation with Carnival Cruise Line for future cruises sailing from the port. He said that when the final contract is in place, it will be provided to the City Council for approval, which he expects by the end of the month. Carnival last visited mobile regularly in October 2011.
Panama Canal officials have set aside up to one month to repair leaks discovered in August during the start of testing of the third set of locks.
Speaking at the Western Dredging Association's first annual meeting of its Mexico chapter in Mexico City on 1 September, Javier Carrillo, international trade specialist for the Panama Canal Authority, said the needed repairs will not delay the planned April 2016 opening of the new locks.
"I saw the cracks and got scared too," Carrillo said. "But we're actually glad it happened now, because we're in the testing phase - we're testing each and every component." Delaying the time table for the opening will be avoided because potential lock repairs were built into the schedule, Carrillo noted. Panama Canal engineers, Grupo Unidos por el Canal, the construction firm that built the locks, and two independent consulting firms are in the midst of planning repairs, Carrillo said. www.ihsmaritime36...
Mega port to employ thousands in Plaquemines Parish
More money and business is headed to the local economy.
Monday, officials announced plans for a quarter of a billion dollar offshore mega port.
It will be the first of its kind in the United States.
The offshore mega port should be built by late August 2016. The construction will cost about $25 million, which is all being paid for by private funding.
The mega port will be called the Louisiana International Deep Water Gulf Transfer Terminal and will be built 3 miles off the coast of Plaquemines Parish near Venice.
The port will house thousands of dry and liquid bulk containers.
A newly formed company, LIGTT Midstream Holdings, will develop the project.
Officials estimate more than 20,000 jobs will be created.
State lawmakers said they do not expect the mega port to interfere with the Port of New Orleans.