The ship industry briefing
The latest news, views and numbers you need to know this month
News in Numbers
$57.3m
The Port of Beaumont has approved the $57.3m Main Street Terminal 1 phase-II project.
51%
Germany’s Hapag-Lloyd has reported an almost tenfold surge in its first half profits to $3.3bn, as freight rates increased ‘significantly’ due to scarce transport capacities. Revenues soared 51% year-on-year to $10.6bn.
52%
Dubai-based port operator DP World has reported a doubling of in first half-profit, driven by strong growth in India, Australia and the UK. DP World recorded cash from operating activities of $1.49bn during the first six months of this year.
10
CMA Terminals has received a concession to manage, run, and maintain the Port of Beirut’s container terminal for 10 years.
$115m
APM Terminals Mumbai, commonly known as Gateway Terminals India, is planning to invest $115m in infrastructure development.
$250m
Keppel Offshore & Marine subsidiary, Keppel Shipyard, has received contracts from repeat clients for a combined value of around $250m.
2023
Vizhinjam Port in India, which was conceived 30 years ago, is reportedly projected to be commissioned in October 2023.
Business
Modern Terminals completes Navis N4 upgrades
Modern Terminals Limited has concluded its upgrade of Navis’ N4 Terminal Operating Systems in Hong Kong and Dachan Bay, China.
Navis N4 was chosen by Modern Terminals for the enhancement of terminal operations with an aim to deliver ‘high quality’ services to clients.
Source: Ship Technology
Wartsila to equip Poland’s first LNG-powered RoPax ships
Poland-based Remontowa shipyard has chosen Wartsila for the delivery of engines, fuel storage, and supply systems for three new RoPax ships.
These are said to be the first liquefied natural gas-driven RoPax ships to be constructed for the Polish maritime industry.
Source: Ship Technology
Maersk posts record 2021 profit on soaring freight rates
Danish shipping company AP Moller–Maersk has reported a strong performance in 2021, with revenues increasing by 55% to $61.8bn last year.
Source: Ship Technology
LNG TO BREAK THE ICE
Wärtsilä Voyage has secured an order to supply radio and integrated navigation systems for ten icebreaking liquefied natural gas tankers, which are to be built for the Arctic LNG-2 project. The new contract, which was placed in January, will now be implemented in partnership with Samsung Heavy Industries shipyard.
Source: Ship Technology
Quotes
Stephen Cotton, General Secretary of the ITF, reACTS TO NEWS THAT AP MOLLER–Maersk subsidiary Svitzer has applied to to terminate its collective agreement with its entire Australian workforce
“Svitzer recognising tug workers’ rights to freedom of association and collective bargaining has got to be the cornerstone of any constructive dialogue to resolve this. Svitzer need not engage in a short-sighted race to the bottom that will leave tug workers worse off and our supply chains far less secure.
“We encourage Svitzer to sit down with our affiliates and resolve this together, so that we can return our collective focus to ensuring Australian households and businesses have maritime supply chains they can rely on, for the food, fuel, medicines, and consumer goods they need.”
Guy Platten, ICS Secretary General Comments on a new ICS report showing a Drop-off in labour standards reporting by Flag States
“The pandemic has been a challenge for us all and one that Flag States have also had to weather.
"However, the drop off in reporting against ILO Labour Standards, including the MLC, is further evidence that seafarer wellbeing has been an unintended casualty of the pandemic.
“Hundreds of thousands of seafarers have been trapped on ships for many months beyond their scheduled tours of duty throughout the last two years.
"This report is a reminder that Flag States must keep seafarer wellbeing as a top priority.”
