|.: 25-Mar-2019 :.
|Dubai-based P&O Ports offers 8 mln euro for Serbian river port operator Luka Novi Sad|
Dubai-based P&O Ports has placed a 7.99 million euro ($9.1 million) offer in a tender for the sale of Serbia s Luka Novi Sad, the state-owned company operating the Danube river port of Novi Sad, a Serbian economy ministry official said.
"P&O Ports offers 7,988,389 euro," the official said in a video file posted on the website of news agency Tanjug during the opening of the financial offer of the UAE-based company.
Earlier this week, the Serbian ministry of economy said P&O Ports placed a valid offer in the tender for the sale of Luka Novi Sad. The privatisation commission reviewed the submitted documents on March 18 after they were updated by P&O Ports earlier this month.
In January, P&O Ports placed the sole bid in the tender for Luka Novi Sad. The minimum price for the acquisition of 8,151,174 shares of Luka Novi Sad, representing 99.37763% of the company s share capital, has been set at 7.99 million euro.
The port of Novi Sad is located in Serbia s northern autonomous province of Vojvodina. The port operates 10 indoor warehouses with a total area of 45,968 square metres.
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|PCC approves hike in ICTSI stake in North Harbour Port|
The Philippine Competition Commission (PCC) has approved the acquisition by International Container Terminal Services, Inc. (ICTSI) of additional shares in Manila North Harbour Port, Inc. (MNHPI) from Harbour Centre Port Terminal, Inc. (HCPTI).
ICTSI operates the Manila International Container Terminal (MICT) while MNHPI operates the Manila North Harbour Port Terminal (North Harbour). MNHPI ’s largest shareholders are San Miguel Holdings Corporation and ICTSI, which have stakes of 43.33 percent and 34.83 percent, respectively.
ICTSI proposed to acquire an additional 15.17 percent shares in MNHPI to increase its shareholding to 50 percent post-transaction.
PCC said it reviewed the transaction to check whether ICTSI’s acquisition would eliminate the potential entry of a provider of port operations services for foreign containerized cargoes in the Port of Manila.
In a Commission Decision, PCC cleared the transaction after acknowledging the differences in the markets that MICT and North Harbour cater to.
The PCC found that the proposed transaction will likely result in a substantial lessening of competition in the relevant market for the provision of port operations services for foreign containerized cargoes in the Port of Manila, if not for the existing regulatory barriers to entry.
The PCC cited the concession agreements entered into by MICT and North Harbour with the Philippine Ports Authority (PPA), which restrict the type of cargo that may be coursed through MICT and North Harbour.
The PPA, through its memorandum order, also reiterated MNHPI s contractual limitations and prohibited it from providing terminal services to foreign vessels at the North Harbour.
Given the current regulatory regime wherein North Harbour can only cater to domestic vessels transporting domestic containerized, bulk, and break-bulk cargo, the PCC found that MNHPI is not a likely entrant in the relevant market and the proposed transaction will not lead to a loss of potential competition.
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|V.O.C Port Trust woos importers, exporters of bulk cargo|
In order to woo importers and exporters of bulk cargo and mainline vessel operators, the held meetings with various stakeholders in Mumbai and Chennai recently.
Major importers and exporters handling coal, limestone, cement, petroleum products, edible oil, sugar, fertilizer, windmill blades and other general cargo participated in an interactive session held in Chennai, while a host of country heads of major container shipping lines participated during a network meeting in Mumbai.
The traders were informed of the revision in scale of rates such as removal of anchorage fees, voyage cancellation charges, shifting charges, weekly rental for coal and implementation of flat rate rentals for coal storage.
Labour charges have also been reduced to ₹30 per tonne from ₹70, while vessel-related charges for big size vessels beyond 30,000 GRT (gross register tonnage) have been brought down. Moreover, volume-based discounts for specific customers who offer guaranteed volume are in the offing.
Chairman T. K. Ramachandran exuded confidence that the port would be developed into a major transshipment hub and a leading logistics hub of south India.
As part of the development plan to make the port a transshipment hub, besides increasing the draft to 14.5m from 14.2 m, Berth No. 9 and 10 would be converted into container terminals in the first phase. In phase-II, the draft would further be increased to 15.5m, and a container quay with a length of over 1,000m and 18m draft has been planned in phase-III to attract latest generation mainline vessels to handle transshipment and gateway cargo.
The draft at NCB-I, NCB-II, Coal Jetty-I, Coal Jetty-II, Berth No.8 and 9 would be increased to 14.5m in two months, while a Coastal Employment Unit would be set up to promote port-based industries.
On March 15, the port crossed 7 lakh TEUs and is expected to handle 1 million TEUs by the end of next financial year.
Deputy Chairman N. Vaiyapuri, president of Tuticorin Custom Brokers Association P. Jeyanth Thomas and president of Container Freight Stations Association J. David Raja participated.
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|Houston petrochemical fire put out after it re-ignites, had added to shipping woes|
A petrochemical fire was quickly put out after it had re-ignited Friday at a fuel storage facility outside Houston, which had compounded the danger from a containment wall breach earlier in the day that spilled chemicals and halted ship traffic in the nation s busiest oil port.
The fire in multiple giant tanks of fuel at Mitsui & Co. s Intercontinental Terminals facility in Deer Park, Texas, was put out by emergency workers at the scene about an hour after it began. But lingering smoke and leaking toxic chemicals prompted the U.S. Coast Guard to halt vessel traffic from the ITC site near Tucker Bayou to Crystal Bay, near the mouth of the channel.
Police also halted traffic on a busy highway for a time amid the smoke and air pollution worries. Hundreds of people showed up Friday to be checked at a medical clinic in Deer Park after air monitors a day earlier showed a spike in benzene, a cancer-causing chemical contained in the tanks of gasoline.
Friday s fire erupted on the West side of the facility and engulfed several of the 11 tanks damaged earlier in the week. The tanks contained fuels used to make gasoline and plastics. Each can hold up to 3.3 million gallons.
CONTAINMENT WALL COLLAPSE
There were no worker injuries reported on Friday, a spokesman for Intercontinental Terminals said.
There were about 100 workers at the site on Friday, pumping chemicals from damaged tanks and trying to close a breach in the six-foot-tall containment wall surrounding the site. A portion of the wall suffered a collapse earlier in the day.
The chemicals leak prompted the facility to call for a shelter-in-place order for the local area for the third time this week. ITC said emergency workers set up booms to halt the spread of the chemicals spilling from the site.
The spill led the U.S. Coast Guard to halt ship traffic along most of the Houston Ship Channel, creating a bottleneck of vessels looking to enter or leave terminals on a key industrial waterway that connects Houston to the Gulf of Mexico.
Movement was initially halted on a five-mile stretch between Tucker Bayou and Ship Channel light 116, said Coast Guard Vessel Tracking Service Watch Supervisor Derby Flory, and later expanded.
The breach occurred as emergency workers were pumping pyrolysis gasoline from one of the 11 tanks destroyed or damaged during a fire that started Sunday and took more than three days to extinguish.
Fumes from the exposed fuels triggered elevated benzene readings on Thursday at an air monitor located near the site. The company said the benzene likely came when the fuels were exposed to the air.
The Texas Commission on Environmental Quality said containment booms were placed in waterways to halt flows into the Ship Channel. The Coast Guard was skimming and pumping contaminated runoff into storage containers, the regulator said.
ITC and emergency officials were working on a plan to stop the flow of chemicals, water and foam into surrounding areas when the fire erupted, ITC spokesman Dale Samuelsen said.
Samuelsen could not say how much chemicals and water were leaking from the breach. The barrier held back water, chemicals and foam from an area where firefighters poured up to 20,000 gallons (75,700 liters) of water and foam a minute during the three-day blaze that destroyed the huge tanks.
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|BDO: Shipping Confidence Rises Despite Geopolitical Uncertainty|
Shipping confidence has increased in the last three months despite ongoing geopolitical uncertainty, shipping adviser and accountant BDO said.
"It is encouraging to begin the year with a small uptick in confidence," Richard Greiner, Partner, Shipping & Transport at BDO, commented.
"Despite continuing doubts and fears about trade wars, China s GDP, uncertainty over exchange rates, President Trump s decision-making, Brexit and general political instability in many parts of the world, shipping can still find reasons to be cheerful," he added.
The average confidence level rose to 6.2 out of a maximum score of 10 this quarter compared to 6 in Q4 2018.
Confidence was up in Europe, from 6.1 to 6.3, and in North America, from 5.2 to 5.6. In Asia, meanwhile, there was a drop in overall confidence levels to 5.8 from the 12-month high of 6.3 recorded in the previous quarter.
According to BDO, brokers were behind much of the increase in confidence. Their score was up from 5.2 to 5.9. On the other hand, the rating for owners and managers was down slightly from 6.4 to 6.3 and from 6.0 to 5.8 respectively. Charterers confidence was also down, from 6.8 to 6, although this still compared favourably with the rating of 5 returned 12 months ago.
The survey was launched in May 2008 with an overall rating for all respondents of 6.8 out of 10.
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|Italian Port of Trieste to Collaborate with China s CCCC|
Italian Port of Trieste and China Communications Construction Company (CCCC) have signed an agreement that will enable Italian products of small and medium companies to access Chinese markets as well as facilitate infrastructure development in central Europe.
The agreement between the duo was signed in Rome on March 23, 2019.
The Port of Trieste expects to expand presence both in central European and China s maritime markets. As informed, the collaboration will allow the Port Network Authority to explore new opportunities related to CCCC’s project to build and manage a terminal in Slovakia.
The port and CCCC also plan to explore collaborative ventures for logistical-industrial projects in China, with the aim of facilitating logistics and commercial flows.
"Through this agreement, we aim to organize outgoing logistics in the port. We are committed to supporting our SMEs exports to China and the Far East, as they are not large enough to take on such investments on their own," Zeno D’Agostino, Port Authority of Trieste President, commented.
"The Authority is making itself available to Italian businesses to develop port and logistics platforms in China that will allow Italian products to join the commercial flows towards this major and expanding market," he added.
With the new agreement, the Port of Trieste is expected to play a role in the Belt and Road Initiative (BRI), a Chinese state-backed plan to improve regional cooperation and connectivity on a trans-continental scale.
Also on March 23, the two parties formalized an agreement on railway infrastructure near the ports of the eastern Adriatic Sea.
The signing of the agreements concludes the two-day event revolving around the visit of the Chinese president. The port authority was one of the delegates that participated in this event, during which it held b2b meetings with Chinese firms, including Power China.
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|N-KOM Wraps Up Its 1st FSRU Project|
Qatar-based Nakilat-Keppel Offshore & Marine (N-KOM) shipyard has completed its first floating storage regasification unit (FSRU) project for the FSRU Excelerate owned by Excelerate Energy.
As informed, the FSRU underwent routine drydocking and repairs, in addition to modifications and retrofitting of several new systems, including the installation of a ballast water treatment system (BWTS).
The two-month project involving the 138,074 cbm Excelerate was carried out at the Erhama Bin Jaber Al Jalahma Shipyard.
The 2006-built vessel is now ready to sail to Bangladesh to join Excelerate s FSRU Excellence in the Bay of Bengal and serve as the country’s second LNG import terminal, according to N-KOM.
In August 2018, Bangladesh s first liquefied natural gas (LNG) import facility, Moheshkhali Floating LNG (MLNG) terminal, located offshore Moheshkhali Island, officially commenced operations. The terminal includes the provision of Excelerate s Excellence and Excelerate.
To date, N-KOM, a joint venture between Nakilat and Keppel, has completed more than 190 LNG carrier drydocking and repairs as well as seven BWTS installations.
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|Cruise Ship Viking Sky Reaches Port after Two-Day Ordeal off Norway|
The Viking Ocean Cruises-operated cruise ship Viking Sky reached the safety of a port on Sunday, March 24, well over 24 hours after an engine blackout during a storm off the coast of Norway.
Weather conditions started deteriorating in the morning hours of Saturday and the ship lost its engines at 2:00 pm (local time) in the Hustadvika stretch of shallow waters, which is, as Reuters reporters, dotted with reefs and known for rough waters.
Norwegian media reports said local ferry operators decided not to sail over the weekend in order to avoid hurricane force winds and 20-meter waves.
The 2017-delivered ship sent out a mayday signal after the engine blackout and a total of 460 passengers, of 1373 on board, were evacuated by five helicopters.
CHC Helicopters video from a helmet-mounted camera provides an insight into the helicopter evacuation operations.
The Viking Sky eventually managed to restart three of its engines and return to the port of Molde with the help of tugs at 4:30 pm, on Sunday.
Viking Ocean Cruises said all passengers and crew were safe. The passengers started flying home on Sunday night.
The next sailing, Scandinavia & the Kiel Canal, which was scheduled to embark on March 27th has been cancelled, the operator said.
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|China Delays MacGregor s TTS Acquisition|
MacGregor, part of Cargotec, expects to close its acquisition of the marine and offshore businesses of TTS Group ASA in Q2 2019, after previously estimating the deal would complete in Q1.
The acquisition, worth more than USD 100 million, was unveiled in February 2018.
The completion of the transaction is subject to regulatory approvals from the competition authorities in Germany, South Korea and China. The company received clearance decisions from the German regulator in November and from the South Korean in December 2018.
MacGregor expected to receive approval from the competition authority in China and close the transaction in the current quarter.
However, due to :a longer than expected regulatory process in China:, the company now anticipates its acquisition to close in the second quarter of this year.
Under the terms of the agreement, MacGregor is to purchase all TTS assets except for TTS Group ASA and its shipyard solution business Syncrolift.
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