Merger of Japan’s three largest container lines creates world’s sixth largest liner shipping company

Merger of Japan’s three largest container lines creates world’s sixth largest liner shipping company

By R. Bruce Striegler

Marine shipping analyst Alphaliner notes the recent major Japanese container line merger, comprising NYK, Mitsui OSK Lines and K Line, is set to go with an outstanding bright magenta colouring, far removed from the usual dark, plain colours generally seen in the industry. ONE, (Ocean Network Express Pte. Ltd.) announced in 2016, and started trading under its new name as of April 1, 2018. The new company will operate from a global headquarters in Singapore, regional headquarters in the United Kingdom, the United States, Hong Kong and Brazil and a holding company office in Tokyo. All approvals for the merger from antitrust authorities in all regions and countries were completed in January 2018. (more…)

West coast terminals

West coast terminals

By R. Bruce Striegler

Viterra Inc.’s Vancouver Cascadia and Pacific Terminals

Viterra operates six port facilities in its network, shipping grains, oilseeds and pulses to customers in over fifty countries. This includes the Cascadia and Pacific Terminals at the Port of Vancouver. The Cascadia terminal handles wheat, durum, canola, barley and rye, with a storage capacity of 280,000 tonnes. Over the past several years, Viterra invested more than $100 million in the Pacific Terminal, which opened in 2016 and tripled the terminal’s annual handling capacity to more than six million tonnes. Originally constructed in the 1920s, the Pacific Terminal is comprised of the original National Harbours Board facility and the original Alberta Pacific Grain Co. Viterra assumed ownership in 2007.

(more…)

Coal survives in a market full of change and consolidation

By R. Bruce Striegler

Centred on a theme of “A Sustainable Future: Coal and the Environment”, the 2017 conference of the Coal Association of Canada, held in Vancouver in late September, heard keynote speaker Ernie Thrasher say, “I was here in June last year, and I think most of us were sitting here praying we were at the bottom of the price curve, and there were presentations about the demise of the U.S. coal industry. One of the topics was how there were no U.S. coal mines that could survive in an $84 (per tonne) coking coal market and the debate was whether anyone could survive.” Thrasher outlined how many of those companies in the U.S. and Canada were undergoing financial restructuring, and how capital markets were closed to the coal industry, with large mining companies having decided that coal was not the place to be. With more than 40 years in the coal industry, Thrasher is the founder of XCoal, the largest exporter of U.S. coal to Asia, and has held various positions in mine operations and mine management, as well as marketing.

(more…)

Wolverine investigates marine fuelling service for Port of Prince Rupert

By R. Bruce Striegler

Prince Rupert is one of the few major ports in the world that doesn’t have a local marine fueling service for cargo ships. In early September, Wolverine Terminals UCL made public its proposed plans to construct and operate a marine fuel delivery service that would enable cargo vessels anchored or berthed to fuel locally. Designed with the latest marine fueling technology, the fuel would be supplied via rail with distribution by barge to ships. The addition of the service would remove one of the few competitive disadvantages found in Prince Rupert. Currently ships must carry enough fuel to make a round trip, or divert to an alternative Westcoast port. In addition, the weight of fuel for a round trip often displaces potential cargo, and can drive up shipping costs. Westcoast ports that provide bunkering services include Alaska’s Anchorage and Dutch Harbor, Vancouver, B.C., Washington State’s Cherry Point, and Port Angeles. Vancouver is 748 km or 404 nautical miles from Prince Rupert.

(more…)

Port environmental activities include a wide array of protection and prevention programs

By R. Bruce Striegler

Increasingly, ports across the world are taking on the issues of environmental stewardship and looking at sustainability as key to their futures. Port of Prince Rupert became the first west coast port to join the Green Marine environmental program in 2010. Green Marine is a joint Canada-U.S. initiative aimed at advancing environmental excellence in the marine industry, throughout North America. The certification program emphasizes voluntary improvement of environmental performance in key areas identified by the marine industry which include water and land pollution prevention – cargo residues and oily waters, to control greenhouse gases and other air pollutants. The program takes into account community impacts such as noise, dust, light and odours as well as controlling aquatic invasive species. Participants evaluate their performance against guidelines and criteria provided by Green Marine; the results are published annually and verified by an independent third party.

(more…)

Port of Prince Rupert celebrates completion of Phase Two Fairview Terminal expansion

Port of Prince Rupert celebrates completion of Phase Two Fairview Terminal expansion

By R. Bruce Striegler

2017 marks 10th anniversary of Fairview

Shaun Stevenson, Vice-President, Trade Development and Public Affairs, Port of Prince Rupert, says that with the August opening of Phase Two of the Fairview Terminal, and the final rail elements being completed right now, which will introduce a rubber tired gantry (RTG) operation, Fairview will realize its full capacity of 1.35 million TEUs, up from 850,000. Since its conversion from a breakbulk facility in 2007, Fairview Container Terminal has been recognized as one of the fastest growing container terminals in North America, and established a reputation as one of the fastest and most reliable trans-Pacific trade gateways. “This will give us a third track and allow us to run up to five train departures a day.” The expanded terminal now includes a second vessel berth serviced by three new Malacca-max cranes, allowing 20,000+ TEU vessels to access the terminal. With an additional 6,000 feet of on-dock rail, and an 11 hectare increase to the terminal footprint, more speed and reliability will be added to terminal services. Fairview Terminal is now the second-largest container terminal in Canada, with Deltaport in Vancouver being the largest. With the completed expansion, the terminal can handle the world’s largest container ships, and the increased capacity will support importers and exporters who favour Fairview for its position as the most efficient and fastest route from Asia to North American markets.

(more…)