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Source: NYTimes
Source: Progress Illinois
Source: Milwaukee Journal-Sentinel
Rates for ships that haul dry-bulk cargoes such as grain and coal advanced as demand to hire the vessels increased.
Ship owners will have to contend with an increase in the dry-bulk fleet of 13.4 percent this year and 6.2 percent in 2013, according to a Wells Fargo report published today. Growth in the seaborne dry-bulk trade will slow to 4 percent this year from 5 percent in 2011, said Wells Fargo, citing data from Clarkson Research Services, a unit of the world’s largest shipbroker.
“We expect overall demand growth to remain relatively modest and insufficient to absorb the oncoming supply of vessels,” analysts led by New York-based Michael Webber said in the report.
From Bloomberg
The Port of Everett has announced plans to increase shipping between Everett and Russia. Instead of using more cranes, the Port is adding capacity to handle roll on – roll off vessels.
FESCO Transportation Group, which has made the Port of Everett its Pacific Northwest shipping hub for Russian cargoes, will be expanding its export service in Everett to include roll on roll off (Ro/Ro) vessels.
Marine Terminals Director Dave Madill said:
This is tremendous news for our workforce, and the overall economic vitality of the community. FESCO’s confidence in the Port of Everett is a true testament to our skilled workforce, quick turnaround times and excellent customer service. Adding Ro/Ro capabilities to the Port’s portfolio, coupled with our new rail line, will allow us to focus on cargo segments we have not been able to target in the past.
From My Everett News
Dwindling investment interest has prompted Pakistan to ask the United States to create a coal development fund in collaboration with multilateral donors, like the Islamic Development Bank, in order to provide a financing window for less-developed but coal-rich countries for setting up coal-fired power plants.
The proposal comes in the wake of reluctance of donors to offer funds for developing coalfields because of concerns about carbon emissions.
From the Pakistan Tribune
A private development group, Panama Colon Container Port LLC, has received permits from the Panama Maritime Authority to build a $600 million container terminal here on the Atlantic side of the country.
A company spokesman says that many ports along the East Coast and in the Caribbean don’t yet have the capacity to handle the big ships. This PCCP project will allow the big ships to stop and move cargo to smaller ships.
Construction will start this summer, and should finish by the canal completion date, Carver says. His firm will soon bid out the dredging and marine construction, and will announce a terminal operator later this year.
From Globe St.
Gerald Desmond BridgeWith a design and construction proposal of $649.5 million, the joint venture team headed by Shimmick Construction Company Inc., FCC Construction S.A. and Impregilo S.p.A. is the apparent “best value” proposer for the Gerald Desmond Bridge Replacement Project design-build contract, Port of Long Beach and Caltrans officials announced Friday, May 4.
Staff expects to submit a recommendation on May 14 to the Port’s Board of Harbor Commissioners to consider a “notice of intent” to award the contract. A decision by the Board on the actual award of the contract is expected in late June, with construction kickoff set in early 2013, and final design starting soon after the contract is signed.
More at Everything Long Beach
Source: NYTimes
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