Connect with us


Submarinergy is fast building 5000-Ton crude floating storage units (CFSU) 



Submarinergy is fast building 5000-Ton crude floating storage units (CFSU). Image: Submarinergy
Listen to the story (FreightComms AudioPost)

Composite material shipbuilding company, Submarinergy, is about to deliver the first batch of 5000-ton crude floating storage units(CFSU) in May. These CFSU are used as offshore storage tanks.

As crude oil price dropped to -37 USD per barrel, owning a 5000-ton CFSU, does not only get the owner 35000 barrels of crude oil worth 3.5M USD for free, it also gains the owner 1.3 M USD cash for storing the crude oil.

As the world runs out of oil storage tanks, it’s become difficult for many oil traders to take advantage of this opportunity because of the current global shortage of storage facilities.

The CFSU by Submarinergy will provide oil companies and traders opportunity that helps them take advantage of the current negative price of oil and a better storage option.

Submarinergy was founded by a group material scientist who invented composite materials that are 25 times stronger than the same weight of steel. The early application includes dozens of 1000 ton crude tanks.

The non-metal material building Submarinergy lasts more than 50 years in crude and seawater environment.

Submarinergy develops the technology to complete building CFSU in a few weeks, which is shorter compare to 3 years of building time of VLCC storage.

At the moment, Submarinergy is discussing with DNV GL and CCS to ensure smooth and safe ocean navigation.

Submarinergy is also offering 5-year leasing and purchase contracts with its clients.

The company is also planing its 40,000-ton CFSU delivery.


SC Ports welcomes American solar module maker to SC



SC Ports welcomes American solar module maker to SC. Image: South Carolina Ports
Listen to the story (FreightComms AudioPost)

S.C. Ports Authority is pleased to announce that First Solar, Inc., America’s largest solar manufacturer, has selected Greenville, S.C., for its new distribution hub on the East Coast.

Headquartered in Arizona, First Solar operates the Western Hemisphere’s largest photovoltaic (PV) module manufacturing footprint in Northwest Ohio, as well as factories in Malaysia and Vietnam. The company plans to open a 450,000-square-foot distribution hub in Greenville — its first in the Southeast — to warehouse and stage deliveries for its customers in the United States.

“As America’s solar company, First Solar is proud to power communities, innovation and prosperity with our solar module technology,” said Bart Verbeke, First Solar’s Senior Manager of Global Logistics. “Our investment in this distribution hub will help enable our commitments to deliver modules where they’re needed when they’re needed, thanks to the connectivity that S.C. Ports is able to offer.”

First Solar will benefit from both the Port of Charleston’s access to international markets, such as Vietnam, and its overnight rail connection from the Port of Charleston to Inland Port Greer, S.C. Ports’ inland operation in Upstate South Carolina.

First Solar anticipates bringing up to 7,000 containers per year through the Port of Charleston, beginning in late May. Upon arrival at Inland Port Greer, cargo will be transported to First Solar’s nearby distribution hub in Greenville.

“We are thrilled to announce First Solar’s decision to invest in South Carolina, and we extend a warm welcome to them as a customer of S.C. Ports,” S.C. Ports Authority President and CEO Jim Newsome said. “S.C. Ports offers access to global markets, efficiently run terminals and rail-supported inland ports to meet our customers’ needs. We look forward to supporting First Solar’s efforts to deliver American-designed solar modules to their customers in the United States.”

The facility sits near Inland Port Greer, which is located along Interstate 85 in Upstate South Carolina between Atlanta and Charlotte. Inland Port Greer extends the Port of Charleston’s reach 212 miles inland by providing overnight rail service via Norfolk Southern. The inland terminal reaches 90 million consumers within a 500-mile radius, which can be reached in a one-day truck trip.

S.C. Ports Authority opened Inland Port Greer in 2013 with BMW Manufacturing Co. as its launch customer. The inland operation has seen consistent growth since then as more companies use it to move cargo overseas and to handle imports for a quickly growing Southeast population. Inland Port Greer handled a record 157,000 rail moves in calendar year 2019, up 29% year-over-year.

“First Solar’s decision to choose Greenville for its new distribution hub is great news for Senate District 7 and for the Upstate,” said Sen. Karl Allen, SC Senate District 7. “With its proximity to Inland Port Greer and our world class port system, First Solar’s investment in the economic and job growth of the Upstate will be pay dividends for years to come. I look forward to continuing to support this great project.”

Continue Reading


Lower first-quarter seaborne cargo throughput in the Port of Hamburg – repercussions of the corona crisis make their mark



Lower first-quarter seaborne cargo throughput in the Port of Hamburg – repercussions of the corona crisis make their mark. Image: HHM / Michael Lindner
Listen to the story (FreightComms AudioPost)

Even Germany’s largest universal port is affected by the repercussions of the corona crisis. Seaborne cargo throughput in the first quarter of the year at 31.9 million tons was 7.9 percent down on 2019. Container handling at 2.2 million TEU was 6.6 percent lower. Container hinterland transport services remains comparatively stable, while the drop in demand for transhipment handling was more obvious.

The Port of Hamburg remains fully operational. In the difficult economic conditions caused by the worldwide corona crisis, the port performs an essential function in maintaining reliable supplies of products and raw materials for the economy and the population.

The slackening of import and export flows apparent in Germany’s largest universal port can be explained by the interruption to transport and supply chains caused by the impact of the corona crisis. “The partial shutdown of the Chinese economy, resulting in blank sailings in shipping, has led to lower cargo handling in Hamburg as well,” explained Axel Mattern, Joint CEO of Port of Hamburg Marketing.

Lower first-quarter seaborne cargo throughput in the Port of Hamburg – repercussions of the corona crisis make their mark. Image: HMM

Lower first-quarter seaborne cargo throughput in the Port of Hamburg – repercussions of the corona crisis make their mark. Image: HMMMattern pointed out that the port with its high-performance cargo handling terminals and inland transport services remains fully operational. He expressed thanks for their dedication at a difficult time to the port’s up to 156,000 directly and indirectly employed staff and the companies in the seaport business, who all ensure smooth cargo handling, day in, day out. “We assume that with its large workforce and well-established enterprises, the Port of Hamburg will successfully surmount this crisis,” said Mattern.

In the container handling segment, in the first quarter of 2020 a total of 2.2 million TEU – 20-ft standard containers – were loaded or discharged across the quay walls of the Port of Hamburg, representing a 6.6 percent downturn on the previous year. Among the Port of Hamburg’s most important partner countries by volume on seaborne container traffic, first-quarter trends varied a great deal.

At 579,400 TEU, the total number of containers handled during the first quarter in the Port of Hamburg for China, its most important trading partner, was 14.6 percent lower. “The downturn in seaborne cargo throughput with China is explicable in connection with the repercussions of the corona crisis,” said Mattern.

Following in second place in the ranking of Hamburg’s container partners, in the first quarter the USA accounted for 146,100 TEU, still reporting 20.7 percent growth. “This strikingly good trend in container services with the USA is attributable to four container services newly started from Hamburg at the beginning of 2019. These made excellent progress and ensured larger throughput volumes, above all with US East Coast ports,” said Mattern.

In third place with 111,000 TEU, Singapore also achieved an advance in the first three months of the year. Growth of 10.5 percent was reported for seaborne container traffic. Axel Mattern surmised that the trend can be explained by the transfer of transhipment services from other Asian countries to Singapore.

In Hamburg, by contrast, the transhipment sector, or container throughput between ocean-going and feeder vessels, was especially affected by the corona crisis with a decline of 10.8 per cent to 772,000 TEU. Seaport-hinterland container services by rail, truck and inland waterway craft proved more stable in the first quarter, volume being just four percent lower at 1.4 million TEU.

Of such significance for the Port of Hamburg, railborne freight transport, down 4.3 percent at 11.9 million tons, or 4.6 percent at 663,000 TEU, on the first quarter of 2019, was still at a considerably higher level than the 612,000 TEU for I/2018.

“In recent weeks the Port of Hamburg’s superb hinterland connection has played a major part in ensuring that even in difficult times its effectiveness has remained unimpaired,” said Jens Meier, CEO of HPA. “Despite temporarily lower container volumes caused by the corona crisis, in the first quarter the Port Railway was able to report stable utilization and indeed even to improve on the 2018 level. That was by no means to be taken for granted, but is the result of systematically boosting efficiency and continuously expanding the Hamburg Port Railway.”

First-quarter throughput of bulk cargoes was 11.9 percent lower at 9.4 million tons. In this throughput segment, exports performed well, being 11.9 percent higher at 2.7 million tons. The trend was sustained by notable increases in exports of grain, up 177.2 percent at 694,000 tons, and of fertilizers, 8.1 percent higher at 638,000 tons.

For the next few months, Axel Mattern assumes that the Port of Hamburg must initially adapt to a continuation of blank sailings and falling total throughput. “From June, it is entirely possible that with a gradual pick-up in the economy in China and Europe, we shall be seeing an increase in sailings and rising volumes on port throughput and seaport-hinterland services,” asserted a confident Mattern.

Continue Reading


Master Terminal by Navis now integrates into Navis smart ecosystem




Master Terminal by Navis now integrates into Navis smart ecosystem. Image: Navis
Listen to the story (FreightComms AudioPost)

Navis, a part of Cargotec Corporation, and the provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain, announced today that its Master Terminal by Navis TOS for mixed cargo terminals, has been successfully integrated into the innovative Navis Smart architecture.

With this integration, Master Terminal customers will be able to take advantage of the Navis portfolio by accessing applications that can enhance their investment in Master Terminal. The first application to be integrated is OpsView, a business intelligence tool for tracking operational performance.

Integrating Master Terminal with Navis Smart is part of Navis’ strategy to ensure that customers have a path to get more from their existing terminal operating system while futureproofing their investment.

When general cargo terminals and container terminals are being run by the same operator, Navis Smart OpsView can provide a unified view of both types of operations, improving visibility and management of the entire business.

Due to the connected offerings from Navis Smart Suite, terminal operators are now able to access more data and insights, which are being leveraged by advanced technologies for better decision making.

The suite can be deployed in the cloud without the need for upgrades making it easier for terminal operators to get additional functionality to their teams more quickly, enabling them to increase efficiencies, lower costs and improve customer service.

“Master Terminal is a leading general cargo TOS, and now that it is part of the Navis portfolio, there are more ways to offer additional applications and functionality; and for multi-terminal operators, we can integrate and share data across general cargo and container sites for better operational visibility and productivity,” said Andy Barrons, Chief Strategy Officer at Navis. “This is another step towards the next generation of TOS which will be an important system supporting the integrated supply chain of the future.”

Continue Reading


Copyright © 2017-18 | FreightComms | Made with ♥ in Singapore