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Twitter highlights 2016 from Veconinter
Here the highlights from our Twitter account @Veconinter. You can follow us to connect with our digital community, get the latest news and articles: Here our most popular from 2016: What’s a B/L or Bill of Lading? Welcome aboard Seaboard! We are looking forward to working together with you! Get to know Veconinter’s mobile application. How are ports dealing with VGM SOLAS regulation? Maersk Line’s social media Guru Davina Rapaport at Marketing Week. “Connecting ships, ports and people” has been selected as the World Maritime Day theme for 2017. Blog: 4 advantages of sea transport and it’s importance for world trade. Enjoy of our VecoAccess online tool and stay connected with your business from home. CMA CGM group, COSCO, Evergreen Line and OOCL announced the proposed network of the Ocean Alliance. 5 facts about THE Alliance that you should know. Most of these articles and news can be found here on our blog!
10 things you didn’t know about the Port of Santos
Port of Santos is Brazil’s -and South America- most important port, located just 38 miles from São Paulo. 90% of foreign trade is handled by this port. The 23rd edition of Intermodal South America will be held in Sao Paulo next month, and that’s why we wanted to share some interesting information about this city and its port. Here the 10 things you didn’t know about the city of Santos and its port: During the Brazilian abolition movement, the Port of Santos was a place of refuge for thousands of slaves who ran away from the coffee plantations around Sao Paulo. Santos is also home to the famous Santos Soccer Club, with a large stadium dedicated to its most famous player, Pele. The Port of Santos was officially inaugurated in February 1892: In 1888 the group Gaffrée, Guinle & Cia. based in Rio de Janeiro was authorized to built the port. The company changed its name to Empresa de Melhoramentos do Porto de Santos, and then, changed again into Companhia Docas de Santos. With the end of the concession in 1980, the federal government created Companhia Docas do Estado de S. Paulo-Codesp, which is the current port authority. In 2013, the port surpassed the record of 114 million tons cargo mobilized. Another record: In 2005, the Guinness Book of World Records named the beach front garden of Santos, the largest in the world. Is the largest sugar and orange juice exporter in the world. The port complex also stands out in the shipment of coffee, soybeans and pellets, ethanol, vehicles and manufactured goods. It is responsible for over a quarter of Brazil’s trade balance. The city of Santos came into prominence because of the importation and exportation of coffee. Environmental regulations. Brazil has some of the most rigorous environmental regulations in the world in order to preserve forests and waterways. Santos handles about 60% of Sao Paulo commercial trade. Sao Paulo is the largest center of consumption of South America, and most of the traded goods are loaded or unloaded daily in Santos. In 1899, the bubonic plague made its appearance in Brazil through the Port of Santos. However, according to reports from that time, there were no quarantine or city evacuations. The residents were sceptical. Sources: http://www.unitedworld-usa.com/usatoday/brazil/10ports.htm http://www.portodesantos.com.br http://www.worldportsource.com/ports/review/BRA_Port_of_Santos_107.php http://www.readex.com/readex-report/finding-fatalism-and-overconfidence-cruel-port-bubonic-plagues-first-appearance-brazil
How are ports around the world dealing with VGM SOLAS regulation?
Just a few day away from the coming into force of SOLAS Verified Container Weigh regulation, terminal authorities around the world started the procedures to keep port’s dynamic nature during implementation. According to the SOLAS amendment, containers will not be shipped if the shipper doesn’t provide to the captain and the terminal the right information about the container’s Verified Gross Mass (VGM). If this previous process is avoided, the container will stay at the port until full compliance with the regulation. Despite the criticism of diverse supply chain’s key players about the new rules, the deadline is still July 1st and there will be not extensions. Meanwhile, terminals are preparing their facilities and establishing parameter before July. Chile: “The rules will cause delays” In Chile, maritime and port authorities are trying to reach an agreement on how the rules will apply. An article from Portalportuario.cl, mentions that authorities are focusing on the issue of who is going to certificate the scales for a correct weighing. Meanwhile, Ricardo Tejada, General Manager for the National Shippers Association (ANA) said that new SOLAS implementation could cause bottlenecks and delays in supply chain, at least for the first days: “In the beginning, even if we hope it will not be, there could be delays, because it is not clear how is it going to be done and because there are not enough scales in Chile to satisfy the demand “assured Tejada. He noted that even though the rules do not mention a timeframe to supply the VGM to the captain and the terminal, ideally, it should be ready two days before, so the captain can organize the stowage plan in advance. In Chile, the Chacabuco Port has been the first to install scales, with an investment of 60 million pesos. Enrique Runin, Chacabuco’s General Manager checking a scale on the terminal. (http://portalportuario.cl) Port of Barcelona ahead of regulations At the other side of the Atlantic, in Europe, the Port of Barcelona became the pioneer in this country to develop an electronic procedure to declare the verified gross mass (VGM). This method includes the exchange of the necessary documents from the shipper to the carrier, and to the terminal. The UK will offer weighing methods at the port In the UK, the largest box port of the country, the Felixstowe Port, recently announced that will allow containers to be delivered to the it´s terminals without the VGM, but if the shipper does not supply the information 24 hours before the vessel’s arrival, there will be a €77 charge for the container’s transport to and from any of the two weighing station situated on each side of the terminal. The Arabian company DP World said that the London Port and South Hampton Port would also install equipment to verify containers weight, though they did not offer details about the way the system will operate. Houston will not accept containers without a VGM In the United States, there is an opposite scenario. Port of Houston highlighted that the autorities will not accept containers that haven´t electronically Verified Gross Mass before arriving. Up until now, the Seagirt Terminal in the Port of Baltimore has been the only port in the US to accept containers without the VGM, offering a weighing service at the port with their own scales, or let a third part to weigh the container and supply the VGM. Though implementation’s deadline is getting closer, there is still some uncertainty about SOLAS amendments. Some people demand more time to adapt to the regulation. Some others are more optimistic and assume that if they can find an effective way of communication between shippers and terminals, regulation compliance will be much easier. Sources: http://www.sela.org/es/prensa/servicio-informativo/2016/04/20160427/industria-maritimo-portuaria-chilena-se-prepara-para-entrada-en-vigencia-del-vgm/ http://ltdmanagement.blogspot.com/2016/04/port-of-houston-on-solas-vgm.html http://ltdmanagement.blogspot.com/2016/05/felixstowe-port-on-solas-vgm.html http://www.cadenadesuministro.es/noticias/el-puerto-de-barcelona-establece-un-procedimiento-electronico-para-declarar-los-pesos-de-los-contenedores/ http://www.cadenadesuministro.es/noticias/las-terminales-britanicas-toman-la-delantera-en-el-pesaje-de-contenedores/ https://www.ajot.com/news/cargosmart-offers-solas-vgm-solutions-free-of-charge
5 things to know about demurrage and detention charges
We give you the tools to understand and differentiate these two terms of the shipping industry: They are NOT the same thing: As they are both terms associated with the shipping container use, people tend to get confused about each word, but there’s a difference -Demurrage: The charges will be applied when the customer holds the container inside the terminal for longer than the agreed free days. -Detention: The changes apply to customers that hold the container outside the terminal longer than the agreed free time. Free time, Detention & Demurrage charges may vary from one country to another and from one company to another: You should always check the terms and conditions of the contract with your shipping line to get information about the free days and tariffs. Reefer and dry cargo usually have different rates. For demurrage, the charges start with the first day (calendar days) after free time expires. For detention, the free days start on the date the container leave the terminal gate. Free time days can be extended as per approval of the shipping line. You can also request it to your freight forwarding company. You could incur in port storage charges: If the container stays at the port facilities for longer than the free time (The free days and charges vary for each port), the charges are levied to the shipping line and the shipping line recovers the cost from the consignee. TIPS: Stay ahead of schedule: Knowing your free days in advance, having all your shipping document ready to use and keeping a good communication with your customs broker or freight forwarder will help you avoid these unplanned additional charges. Download our free app VecoGO! for clients and consignees to get all the information about free days, demurrage and detention charges on your smartphone. Sources: http://www.howtoexportimport.com/Difference-between-Demurrage-and-Detention-in-impo-132.aspx https://excelsior.ph/2016/10/19/importer-tips-avoid-shipping-storage-demurrage/ http://shippingandfreightresource.com/difference-between-storage-and-demurrage/
What’s the possible impact of new tariffs in world trade?
On March 8th, United States’ president Donald Trump signed several presidential orders which imposed 25% and 10% tariffs on steel an aluminum imports to protect the American workers of these industries. Today, we see the impact of new tariffs in world trade. According to the president, the aluminum and steel industries have been ravaged by aggressive foreign trade practices, which means President Trump expected the impact of new tariffs in world trade to be favorable for the “ravaged” American industries. But the countries from which the United States imports the aluminum and the steel have expressed outrages at this decisions. According to experts, some new trade wars could be the impact of new tariffs in world trade. The actions carried out by President Trump prompted the affected world leaders to react accordingly: the EU issuing a 10-page list of tariffs on U.S. goods, Mexico imposing tariffs valued at $3 billion against US exports to its market, and Canada imposing its own on $12.8 billion worth of US goods. This is an obvious impact of new tariffs in world trade Countries raising tariffs in retaliation for another country raising tariffs, commonly known as a trade war. Import taxes affect world trade in a more broad way by inhibiting trade in the long run. This happens because if an American company finds itself in the need of steel or aluminum, it probably won´t look for it outside of the US’ borders. This why charging for bringing in goods could be seen as a hinder for international trade. That’s a major impact of new tariffs in world trade. Bottom line, the biggest impact of new tariffs in world trade is the reduction of production and international commerce. It could only help local producers, in these case the aluminum and steel industries for the US, “the bedrock of our defense-industrial base”, as President Trump called them. With information from: https://www.theguardian.com/us-news/2018/apr/30/trump-eu-tariffs-decision-postponed https://www.theguardian.com/us-news/2018/mar/08/donald-trump-metal-tariffs-trade-war https://www.theguardian.com/business/2018/may/31/us-fires-opening-salvo-in-trade-war-with-eu-canada-and-mexico https://www.theguardian.com/business/live/2018/may/31/market-rebound-italian-fears-ease-business-live https://www.bbc.com/news/business-44324565 http://money.cnn.com/2018/06/06/news/economy/mexico-us-tariffs-retaliation/index.html http://www.businessinsider.com/trump-canada-tariffs-list-states-that-would-lose-most-exports-2018-6
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Port of L.A and GE launch digital solution
The Port of Los Angeles launched together with GE Transportation a solution that digitizes shipping data and makes it available to all the players in the complex supply chain. Port of LA is America’s largest port, which needed an efficient solution to keep cargo flowing by sharing data in a secure way with all stakeholders. Last November, the port and GE Transportation announced their partnership to build a platform to digitize data. APM Terminals, Maersk Line and Mediterranean Shipping Company will be part of the project. Retailers such as The Home Depot and Lowe’s will also participate. The first results are expected in July. “By working together to share data in a secure and controlled environment, we have already seen the potential for tremendous benefits for importers, truckers, shipping lines, terminals, chassis providers and the entire supply chain,” said Port of Los Angeles Executive Director Gene Seroka. “Greater insight leads to better planning and lower cost, all of which have a direct impact on every company that is involved in international trade.” As part of the In the Wild series, GE gave the TV hosts Alie Ward and Adam Savage first access to the digital pilot to discover how Big Data and Predix are used to streamline port processes in the coming months and years. The episode can be watched on youtube: https://www.youtube.com/watch?v=-VWIQAx1Cnc GE CEO, Jamie Miller believes that the solution could potentially transform the way ports operate all over the world: “Our work with the Port of Los Angeles has the potential to transform how ports across the country, and even the world, operate, driving productivity from ship to shore and from the terminal to the customer…It’s an honor to partner together on a game-changing solution that could have industry-wide implications,” said Miller. Source: GE Transportation
First live financial trade transaction successfully completed with blockchain
British banking group HSBC and Dutch bank ING closed the first live financial trade transaction completed with blockchain to finance the shipping of soya bean shipment from Argentina to Malaysia for the food and agriculture conglomerate Cargill. The live financial trade transaction consisted of sending a letter of credit from London-based HSBC to Cargill through the ‘Corda’ blockchain platform developed by technology consortium R3. According to HSBC, the live financial trade transaction was an end-to-end trade able to reduce Cargill’s document exchange time to 24 hours from what would normally have been a 5 to 10-day process by using the traditional multiplatform process. In an announcement, HSBC said the system is commercially and operatively viable for the digital facilitation of trade. However, before it can progress further, with integrating blockchain into international trade, HSBC explained it needs more banks, ports, shipping companies and customs operations to adopt similar collaborative platforms. This would enable the live financial trade transaction modus operandi to normalize in international trade, in which more than US$ 2 trillion of trade currently depends on the physical exchange of letters of credit. Even though most blockchain developments in shipping to date have tended to focus on the container segment, there have been some notable developments in dry bulk. Last year, Louis Dreyfus sealed the world’s first agricultural commodity trade to use blockchain. Also, Prime Shipping Foundation revealed it was behind the world’s first freight deal settled in Bitcoin. With information from: https://splash247.com/hsbc-ing-cargill-landmark-blockchain-soya-shipment/ https://www.porttechnology.org/news/hsbc_achieves_blockchain_shipment_transaction_success
Copenhagen unveils new container system
Copenhagen Malmö Port (CMP), the container terminal in the Copenhagen Port, has announced the launch of a new logistics system that will provide a better, faster service in the future of the port’s customers. The new Terminal Operating System is called PIC and will allow the clients to connect their own processes with the terminals system and make available all the information about transports/loads for all parties in the transport chain. According to a press release, the CPM’s system went live this morning in the container operations of the Copenhagen port. Povl Dolleris Røjkjær Ungar, COO Port & Terminal Operations in the Copenhagen Malmö Port showed his excitement for the new system´s implementation: “We have been looking forward to the implementation, and are delighted that it is now under way. We are convinced that PIC TOS will enable CMP to offer both customers and collaborative partners even better and more efficient handling in the terminal in the future,” said the COO. PICit, the system’s supplier, will be on site to make sure the operations run perfectly during the transition period: “A large number of parties are affected by a TOS implementation, and it is important that we deliver a satisfactory transition from implementation project to operation which satisfies everybody involved”, says Henrik Højen Andersen, CEO, Sales & Customer Services, PICit. Additional personnel will also be on-site, according to Povl Dolleris Røjkjær Ungar: “As with all changes of the system, some challenges can arise in the initial phase, but we are well prepared and hope that any delays in the coming days will meet with understanding. We will do all we can to ensure that the transition is as smooth as possible for our customers and collaborative partners.” CMP is one of the biggest port and terminal operators in the whole Nordic Region and one of the largest Northern European cruise-ship ports. The company is the major port operator in the Øresund Region and meets demands for the transport of consumer goods, new cars, aviation fuel, building materials, passengers, etc.
India plans massive LNG imports expansion
India plans to triple its LNG imports, pushing to more than double the share that natural gas has in its energy mix to 15% by 2022. The plan will require the construction of more liquefied natural gas (LNG) terminals, a government official said on Wednesday, February 6th. India has four terminals that could receive the LNG imports, of around 20 million tons per year, but over the next seven years the government plans to build another 11 terminals, Narendarra Taneja, a spokesman for the ruling Bharatiya Janata Party (BJP), said. The plan would raise India’s LNG imports to more than 70 million tons per year in the coming seven years, in what would be one of the fastest LNG imports expansions since China embarked on its huge gasification program last year. India’s focusing on electrifying millions of households that still burn wood for electricity, heat and cooking. Like China, India plans to reduce its heavy reliance on thermal coal, a bigger polluter than gas. Taneja said the LNG imports would also be needed to provide power to electric vehicles, which India plans to account for all new car sales by 2030, as well as pushing for more scooters and motorcycles to be powered by compressed natural gas, with pilot schemes recently launched in major cities including New Delhi and Mumbai. The Indian government is also encouraging railway companies and gas importers to look at fueling trains by LNG imports instead of diesel as part of its program to reduce pollution by increasing natural gas use. Taneja explained that considering all this situations, India would eventually require even more than 15 terminals to meet its demand: “India is looking at LNG in a very strategic manner. Once we get into it, we are talking about 15 terminals but it will be many more as the need is going to be there,” he said. India also wants to become a hub for supplying ships that run on LNG, with plans to build more facilities like a fueling station at Kochi port, according to Taneja. State-owned gas utility GAILNSE has reached an agreement with Cheniere Energy’s Sabine Pass liquefaction facility in Louisiana. The contract includes an important amount of LNG imports for India: 3.5 million tons per year of LNG. LNG as a shipping fuel is being pushed by International Maritime Organization (IMO) rules that will come into effect by 2020 and require the use of cleaner fuels. With information from: https://www.reuters.com/article/indonesia-lng-summit-india/india-plans-massive-natural-gas-expansion-lng-imports-to-soar-idUSL4N1PW5M0 //economictimes.indiatimes.com/articleshow/63182218.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Maersk welcomes the largest containership in the world to its fleet
The danish giant Maersk Line’s new addition is the world’s largest container vessel in the world: Madrid Maersk, delivered by the South Korean Daewoo Shipbuilding & Marine Engineering (DSME). According to Alphaliner, the new boxship has a capacity of 20,568 teu, dethroning MOL’ mega-ship “Triumph” just a few weeks later from its release. In a press release issued on March 28th , the Japanese carrier was announcing that the world’s largest containership, MOL Triumph has been delivered from Samsung Heavy Industries Co., Ltd., the first of a fleet of six 20,000 TEU-class containerships for the company. Triumph is equipped with various high-tech, energy-saving technologies that could reduce fuel consumption and CO2 emissions per container moved by about 25-30% when compared to 14,000 TEU-class containerships and also the vessel has also was designed with the retrofit option to convert to LNG-fueled ship. In the case of Madrid Maersk, is the first of eleven Triple E Mark II ships, the last of them will be delivered by the end of 2018. These new ships will be able to stow 24 bays of containers in length and 23 more rows of containers across the deck, increasing the nominal capacity by 12% compared with the previous versions. However, the competition for the largest containership in the world is far from the end. Samsung Heavy Industries will deliver the OOCL Hong Kong very soon to compete with these companies. Sources: http://www.mol.co.jp/en/pr/2017/17018.html Maersk Line quietly adds the world’s largest boxship to its fleet
BIMCO: Container shipping lines earned $42 less per TEU in 2016
The Baltic and International Maritime Council (BIMCO) reported that shipping lines earned 7% less per TEU in 2016 than in 2015 if they operated in the spot market on all Shanghai Containerized Freight Index (SCFI) trade routes. According to the organization, the drop was caused by the low rates received in the first half of 2016, as the average rate received in the second half of 2016 was 22% higher than the rate received in H2 2015. The analysis showed that trade routes from Shanghai to Santos, Durban, and Australia/New Zealand hit the highest USD per TEU in more than five years, as the freight rates increased through the second half of 2016. BIMCO’s Chief Shipping Analyst Peter Sand commented that there are still some positive things to consider: Shipping lines took measure in terms of network optimization, scrapping and more careful deployment around the peak season: Despite the average rate for 2016 is lower than 2015, 2016 might stand out for something positive, where the container shipping lines took some of the measures needed to adapt to the new normal, where the growth in demand is equal to the GDP. The container shipping lines achieved a lower growth rate in supply higher than the demand growth for the first time since 2010, by using the tools they had at hand and consolidated, scrapped and postponed deliveries. If the Trade-to-GDP-Multiplier stays at the current level and the International Monetary Fund is correct with their projection, the container shipping industry will be status quo in 2017 and the freight rates will most likely stay at the same level as last half of 2016. However, the container shipping lines will increasingly focus on reaping the benefits of consolidation and we will most certainly see their profits go up. China Containerised Freight Index (CCFI) showed a 19% drop in 2016, compared to 2015, as BIMCO explained: “The CCFI includes both spot and long-term rates based on the actual transactions within a two weeks periods, while the SCFI focuses on the average spot booking price for one week. By that, the CCFI reflects the real progress in container shipping rates on a short-term basis. Thereby, the CCFI convey the current tendency in the container freight development and the SCFI indicate the current market development.” Sources: https://www.bimco.org/news/market_analysis/2017/20170119-container-shipping-lines-earned-42-usd-less-per-teu–in-2016 Image: Pixabay
Throughput of containerized cargo in Latin America falls 0.9% in 2016
The Economic Commission for Latin America and the Caribbean (CEPAL) released its latest ranking this week, which shows a loss of activity in the ports of the region in 2016, which represents the biggest loss since 2009. On its “Maritime and Logistics Profile,” the UN body revealed an activity deceleration, shaped by five countries mainly: Brazil (-4.4%), Panama (-9.1%), Colombia (-3.6%), Argentina (-6.1%) and The Bahamas (-14.3%). On the other hand, there are the nations that contributed to raising the total volume: Mexico (3.2% rise), Chile (4.8%), Peru (8.4%), Ecuador (4.5%), the Dominican Republic (8.3%), Guatemala (8.8%), Costa Rica (7.3%) and Uruguay (9.5%). The total volume of activity in 2016 reached approximately 47.5 million TEU, which means a drop of 0.9%. Globally, the container port traffic also experienced a decline in activity in 2016. The volumes in the world’s top 100 container ports rose just 1.8% in 2016, to 555.6 million TEU, according to Alphaliner. The causes of growth, deceleration or decline in activity in individual ports vary, says the report. For example, , the ports of Callao in Peru (8.1%), Guayaquil in Ecuador (6.9%), Caucedo in the Dominican Republic (11.1%), and San Antonio (10.0%) and Lirquén (60.1%) in Chile, showed the highest rises in volume due to the success of their projects and their commercial management. In contrast, the sharpest declines in volume of port activity were recorded by the terminals of Buenos Aires in Argentina (-5.7%), Kingston in Jamaica (-5.2%), Freeport in The Bahamas (-14.3%), Santos in Brazil (-6.9%), Cartagena in Colombia (-4.0%), and Colón (-8.9%) and Balboa (-9.2%) in Panama For more information please visit www.cepal.org
Discover the most important news in the maritime sector curated and brought to you by Veconinter: Cellular fleet hits 21m – According to the report of Alphaliner analysts, the cellular containership fleet breached the 21m TEU mark for the first time this month. It took 22 months to reach this goal, being this the slowest pace of growth since 2000. From 2000-2015, the rate of growth added a 1m TEU every 12 to 13 months. Splash247 Ports are implementing an obligatory clause towards the single customs window – The Ukrainian government has approved the instauration of a clause that makes obligatory for all companies and state organizations to use the single customs window, starting next year. PortalPortuario Stopford: supply/demand equilibrium will be reached by 2021 – Dr. Martin Stopford, the most famous shipping analyst, told the Maritime CEO forum in Hong Kong that the supply/demand equilibrium will become favorable for shipping in 2021. This prediction would make the downturn in the shipping sector the longest recorded in more than 170 years. Splash247 CMA CGM confirms its new builds will feature LNG-fueled engines – The company has confirmed that the nine giant 22,000 TEU ships to be built in China will feature LNG-fueled Wartsila engines. This will make CMA CGM the first shipping company to equip giant containerships with this type of motorization. Splash247 Maersk fixes 22 classic panamaxes – According to the last report from Alphaliner, Maersk is currently fixing more than 22 ships of 4,000 TEU to 5,299 TEU since the second half of October. This has given a boost to the classic panamax segment. Splash247 Dalian Success Innovation orders ten 25,800dwt handy size bulkers at DSIC – Dalian Success Innovation Group has signed shipbuilding contracts for the construction of ten 25,800 dwt bulk carriers. The vessels will be built by the CSIC affiliated Dalian Shipbuilding Industry Corporation, and delivered from April 2019. Splash247 Maersk figures container exports in Columbia in 12.5% this year – The container international trade maintains a positive rhythm according to the newest A.P. Moller Maersk reports. This is due to the two digits increase on exports that have been reached in the third term of the year, going up to 12.34% from last year. PortalPortuario MPC Container Ships plans private placement to fund fleet expansion – MPC Container Ships has announced the retention of DNB Markets and Fernley Securities to assist the company with a private placement of new shares to raise around $150-200m. Splash247 Panama restates its merchant marine leadership with the recognition of China – Panama has received the “Most Favorable Nation” status. With this new status, the ships will receive register benefits in port rates and a preference treatment in all ports belonging to China. PortalPortuario Paperless bills are a reality with the blockchain pilot project of Zim – Based on blockchain technology, Israel shipping line Zim has announced that it has completed the pilot of paperless bills of lading. This solution allows the secure exchange of original documents on the blockchain. Splash247 FMC names five companies operating unlicensed shipping services – The US Maritime Commission has received complaints and questions about five companies that are shipping cargo without the appropriated licenses, specially between the US and Brazil. Splash247 The APM Terminal Quetzal have been inaugurated – The Quetzal Container Terminal has been renamed as the Quetzal APM Terminals, and has started it operations in Guatemala. This new terminal has a capacity of 340,000 TEUs, and is expected to benefit the container market. PortalPortuario COSCO Shipping Energy orders seven tankers at DSIC – Cosco Shipping Energy Transportation has signed a major shipbuilding deal with Dalian Shipbuilding Industry as part of its ongoing fleet expansion plan. All vessels are expected to be delivered in 2020 and 2021, and the total value of the contract is of $553m. Splash247 Falls in container transfers in the Hamburg Port due to the Elba River dredging – The Hamburg Port informed that the increase in the container transfers are mainly due to the reforms being made in the channel entries of the Elba River. The ships are not able to bring or drop cargo in an optimum manner. PortalPortuario Sri Lanka is set to liberalise the shipping sector – The Sri Lanka government is looking to liberalize its freight transport sector with the aim of becoming a greater regional shipping hub, just like Singapore did. Splash247 The new distinctive CMA CGM ship will have the name of Antoine de Saint Exupéry – Rodolphe Saadé, CEO of CMA CGM, announced that the future insignia ship of the shipping line will be delivered in the first months of 2018. This ship will have the name of Antoine de Saint Exupéry as a tribute to the French symbol. PortalPortuario Maersk hits out at the shipping sector lack of ambition to tackle climate change – Maersk has lashed out its shipping line peers and the International Maritime Organization over the slow progress the sector has made to reduce the carbon footprints and pollute less. Splash247 Maersk builds 3,700 Star Cool containers for Hapag-Lloyd – Maersk Container Industry announced that it is currently working on a construction order of 3,700 refrigerated Star Cool Integrated containers for Hapag-Lloyd. A thousand of these units will use an environment friendly refrigerator. PortalPortuario Europe must develop holistic shipbuilding strategy amid Asian competition – The Asian shipbuilding sector is too big for its European nations counterparts, reason why the latter must band together if they are to prosper. Reports acknowledges that only a clear targeted EU shipbuilding policy that offers an integrated and unified approach towards international competition will help Europe. Splash247