555 Dan Sullivan

 

U.S. Senator Dan Sullivan has introduced a new bill that would modify and permanently reauthorize the federal Oil Spill Liability Trust Fund. The Spill Response and Prevention Surety Act will maintain the existing nine-cent-per-barrel tax while establishing a USD 7 billion tax collection ceiling and USD 5 billion collection floor. The single incident payout claim would be doubled to USD 2 billion, and the natural resource damage claim would also be doubled to USD 1 billion.

 

 

555 Microsoft

 

M12, Microsoft venture arm, has announced a $11 million Series A funding round for Nautilus Labs, a New York startup that uses artificial intelligence (AI) for fuel efficiency on ships. The goal is to use collected data on weather patterns and vessel speed to influence decision making on fuel use. Nautilus plans to use AI to deliver real-time analytics and alerts to ship crews that could help save more than 10 percent on emissions in a single voyage. California’s NVIDIA Corp. is working with another AI startup in San Francisco. Japan’s Hitachi Ltd. is pursuing similar technology in Europe.

 

 

Friday, 05 April 2019 11:10

Sea-Tac to expand terminal 5

555 SeaTac

 

The Northwest Seaport Alliance has approved SSA Terminals’ plan to modernize and operate Terminal 5. Currently vacant, revitalizing the terminal will serve to consolidate international container volume in the West Waterway area of Seattle and improve cargo-handling efficiency. Terminal 5 will undergo a $300 million investment into infrastructure improvements designed to accommodate mega-ships with a capacity of 14,000 TEU and enhance intermodal rail service to Chicago and the Midwest.

 

 

ICS Intl Logo

 

Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned today that avoiding overcapacity and unsustainably low freight rates is still a major challenge ten years after the massive downturn of 2008. Mr. Bennett said, “In that time shipping companies needed to show restraint when ordering new ships, to prevent stifling recovery. Yet the dark clouds of protectionism and slowing growth in key economies mean that the avoidance of overordering is now more important than ever.” Furthermore, he noted that overcapacity in the shipbuilding sector will continue to be a temptation.

 

 

555 Seaspan

 

Singapore offshore company Swiber Holdings is being restructured, with Seaspan signing an investment agreement worth up to $200 million last Friday. Under the new agreement, Seapsan will invest $10m to take an 80% shareholding interest in a new holding company to be incorporated into which certain assets of the existing Swiber Group will be transferred.

 

 

555 CoscoSeaspan

 

Seaspan and COSCO Shipping Energy have signed an agreement for strategic cooperation to strengthen collaboration on opportunities relating to LNG investments, LNG projects, LNG transportation, ethane transportation, or other related and mutually beneficial projects. The agreement is geared to take advantage of COSCO’s experience in the building, operation, and management of LNG vessels, and Seaspan’s experience in the operation and management of containerships, as well as the networks and experience of its board members in the energy sector. 

 

 

Friday, 05 April 2019 10:52

VFPA Board Appointments

port of vancouver


The Honourable Marc Garneau, Minister of Transport, has announced the following appointments to the Vancouver Fraser Port Authority's Board of Directors:transportation sector:

  • Bruce Andrew Chan (appointed as director, term of three years), earned a Master’s degree in Business Administration and several accounting titles (Chartered Financial Analyst, Chartered Professional Accountant, Chartered Accountant), and has been a portfolio manager with Anglemont Financial since 2014.
  • Clarence Louis (appointed as director, term of three years), has been Chief of the Osoyoos Indian Band since 1984, and chairperson of the National Aboriginal Economic Development Board since 2017.

554 Tanker

 

This week, the Chamber partnered with three prominent national industry associations in a joint OpEd (paywall) that was carried nationally in the Globe and Mail. This followed a joint appearance by the Chamber and the Canadian Association of Petroleum Producers on February 26 before the Senate’s Standing Committee on Transportation and Communications. The legislation proposes prohibiting the export of oil from the B.C. North Coast and did not include a formal risk assessment in its development. Ironically, the legislation would not prohibit the transit of tankers through the coastal waters of B.C. The Senate Committee will continue its review of the bill in April, including holding hearings in B.C. the week of April 22.

 

 

554 Victoria Crash

 

The Canadian Coast Guard’s first of three new fisheries science vessels crashed on its first test run last week, raising concerns that the summer delivery date may not be met. The CCGS Sir John Franklin was returning from its first week of sea trials and being piloted by a contractor when it ran into the Ogden Point breakwater near Victoria on Friday. No injuries were reported, but the propeller and rudder were damaged. The vessels are being largely built in order, meaning the potential delay on the CCGS Sir John Franklin has the potential to affect the rest. Seaspan Shipyards is currently two years behind schedule to deliver the CCGS Sir John Franklin but are still aiming for a June delivery.

 

 

554 Soo Locks

 

The Stewart J. Cort, a 1,000-foot freighter was the first vessel to go through the Soo Locks, officially kicking off the 2019 Great Lakes navigation season at 12:01am on March 25thThe ship was met by fans gathered near the huge lock system in Sault Ste. Marie as the vessel pulled into the Poe Lock, which handles all the big freighters upbound for Lake Superior. This marks the official launch of the 2019 season, but also the reopening of the locks, which had been closed for its annual winter maintenance work since late January, a process which sees more than 73 million gallons of water drained from the Poe and MacArthur locks for cleaning. Less than a week ago, three Coast Guard cutters from the U.S. and Canada were the first vessels to go through the lock into Lake Superior, where they began breaking up ice so freighters could start making their way through.

 

 

port of vancouver

 

The Emerald Princess is due to arrive at Canada Place in Vancouver today, kicking-off a record-breaking cruise season. More than one million cruise passengers on 290 ship visits are expected in Vancouver this year, which is a 21 per cent increase in passenger numbers compared to 2018 and will mark an all-time record for cruise passengers through Canada Place at the Port of Vancouver. The port expects to see 41 different ships from 24 cruise lines, ranging from luxury, expedition-style ships designed to carry small groups of passengers, to some of the largest ships in the Alaska cruise market.

 

 

554 Marathassa

 

The federal Crown has decided not to appeal the acquittal in the case of the MV Marathassa, the cargo ship that spilled 2,700 litres of fuel oil into English Bay in 2015. Originally accused of discharging a pollutant into the waters and with discharging a substance that was harmful to migratory birds, a Provincial Court judge dismissed all charges after finding that the incident was caused by two shipbuilder defects on the newly-built ship. The ship was also charged with failing to implement its shipboard pollution plan by failing to take samples of oil in the water and by failing to assist with the oil containment, but the judge found that at the ship had extensive pollution-prevention systems in place and had conducted a comprehensive crew selection and training program.

 

 

Page 3 of 208