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Japan real wages drop for seventh straight month in July

Real wages in Japan adjusted for inflation fell for a seventh month in July, adding to worries whether consumer spending can be sustained while the economy wrestles with slower global growth. Real wages slumped 0.9% in July from a year earlier, labour ministry data showed on Friday, after a 0.5% annual decline in June. Monthly wage data showed nominal total cash earnings dropped 0.3% in July, falling again after rising for the first time since last December the previous month. Regular pay, which accounts for the bulk of monthly wages, ...

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‘Prompt action’ after ‘water soluble’ liquid spilt from container ship

Prompt action was taken by the authorities after a “water soluble” liquid was spilt from a container ship at the Freeport. A Freeport spokeswoman said the incident happened when a container was ruptured during the loading process. In a statement, the spokeswoman said the Freeport took immediate action to address the spillage. The statement said the contents of the container were water-soluble and there was no material inside that could be classified as hazardous cargo. Members of the Environment Resources Authority oversaw the clean-up operation, and no bathing areas in ...

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Coal carrier held in Qld over wages claim

A Chinese-owned bulk carrier chartered to carry coal to Korea has been detained at the Port of Gladstone. The Australian Maritime Safety Authority has detained the boat for auditing after some crew reported they were owed tens of thousands of dollars in unpaid wages, the International Transport Workers’ Federation says. An ITF inspector boarded the Panama-flagged Fortune Genius when it docked on Thursday, later telling AMSA it had found eight crew members had been underpaid $8,000 each in the past six months. Source: Australian Associated Press

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Japan buyer agrees to pay Q4 aluminium premium of $97/T, 10% lower than Q3

A Japanese aluminium buyer has agreed to pay a global producer a premium of $97 per tonne over the benchmark price for shipments in October to December, down 10% from the previous quarter, a source directly involved in the pricing talks said. The figure is lower than the $108 per tonne paid in the July-September quarter and marks a first quarterly drop in three. It is also lower than the initial offers of $105-$115 made by producers. Another industry source said he heard about the deal, but others have not ...

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Weekly US coal-train loadings climb, Powder River Basin loadings at 8-week high

Weekly US coal train loadings averaged 102 trains/day in the week ended August 30, up 4.2 trains/day from the previous week, Surface Transportation Board data showed Thursday. Compared with the year-ago week, loadings fell 3.4 trains/day, the smallest drop percentage-wise year over year in seven weeks. The five-year average for week 35 was 111.2 trains/day. Loadings from the Powder River Basin increased the most week over week, rising 6.4 trains/day to 59.9 trains/day in the most recent week. From the year-ago week, average loadings in the basin were down 1.3 ...

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HOT PORT NEWS from GAC

Marine Works at Lung Mei, Tai Po Friday, September 6, 2019, Hong Kong

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Denmark discusses Hormuz international naval mission with European allies

Denmark’s prime minister said on Friday that the Nordic NATO member is in talks with a number of European allies about an international naval mission in the Strait of Hormuz. “We are looking into the possibility of a Danish naval contribution in an international European-led effort,” said PM Mette Frederiksen. “We are in dialogue with a number of European countries about how such an effort can be organised”. Source: Reuters (Reporting by Stine Jacobsen; Editing by Catherine Evans)

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Seafarers’ plight must not be forgotten says charity on 50-day anniversary of the Stena Impero seizure

Saturday 7th September marks 50 days since the crew of the Stena Impero were held against their will by Iran’s Islamic Revolution Guard Corps. Media reports this week stated that 7 of the crew have been released; five Indians, one Latvian and one Russian. 16 seafarers remain in Iran with no indication of their release. Martin Foley, National Director of global seafarers’ charity, Stella Maris (Apostleship of the Sea) said ‘As world news moves on it is vital that the plight of the crew of the Stena Impero is not ...

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BMT Wins Multiple Navigation Simulator Orders for Holland America Line, Princess Cruises, Seabourn and P&O Australia Fleets

BMT, a leading, multidisciplinary management consultancy, has reported phenomenal growth in sales of its maritime simulator and has just signed multiple key contracts with select cruise lines including Holland America Line, Princess Cruises, Seabourn in North America and P&O Cruises Australia. The orders for both office and ship-based licences of BMT’s REMBRANDT maritime simulator will support cruise lines on more than 39 cruise ships. Dr, Phil Thompson, Simulation and Training business director at BMT, commented: “It is a proud day for BMT to have been entrusted to provide our versatile ...

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India safeguarding its oil tankers passing through Strait of Hormuz: Modi

Prime Minister Narendra Modi said that India had put security arrangements in place to safeguard its oil tankers passing through the Strait of Hormuz, which has seen a series of attacks on international vessels in recent months. Modi made the comments at an economic forum in Russia’s Far East, at which Russian President Vladimir Putin also said he was interested in a de-escalation of tensions in the strategic strait. Source: Reuters

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South Korea Fears Japan Trade Dispute Could Scuttle Shipyard Merger

South Korean officials are concerned that Seoul’s increasingly strained trade relations with Japan could derail the country’s planned megamerger of the country’s two big shipbuilders. Hyundai Heavy Industries Holdings Co. plans to seek antitrust approvals from Japan, China, Singapore and the European Union to combine operations with Daewoo Shipbuilding & Marine Engineering Co. , according to people with direct knowledge of the matter. The merger would create the world’s biggest shipyard, with control over some 20% of the global market, and would compete with yards in those countries for new ...

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Cochin Shipyard Limited Bags Construction Of 23 Metro Boats

Cochin Shipyard has received a Letter of Acceptance from Kochi Metro Rail Corporation Limited for building 23 No boats for the Kochi Water. These boats are to be built by Cochin Shipyard Limited. These boats will provide inland transportation using electric/ hybrid technology. On the whole Kochi Metro has a requirement of around 78 high-quality boats of international standards. Out of this 25 boats having a capacity of 1OO pax was tendered by KMRL in which CSL also participated. These boats offered by CSL are designed with in house expertise. ...

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Port of Rotterdam Authority organises international climate congress for ports

The first World Ports Climate Action Programme (WPCAP) congress will take place in Rotterdam next May. The starting signal for the WPCAP was given in September 2018 at the Port of Rotterdam Authority’s initiative. Eleven leading European and American ports have now become affiliated with WPCAP: Antwerp, Hamburg, Amsterdam, Le Havre, Barcelona, Gothenburg, Los Angeles, Long Beach, Vancouver and New York & New Jersey. The ports are working on plans to reduce CO2 emissions from shipping and ports and improve air quality. In the coming spring they will take stock ...

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New Clean Engine Technology Servicing The Ports Of Los Angeles Or Long Beach

Total Transportation Services, Inc. (TTSI) one of the nation’s leading port drayage companies has taken delivery of 20 Volvo and 20 Freightliner Class 8 trucks all equipped with the new Cummins ISX12N Natural Gas engines. This is the largest single purchase to date of this new clean engine technology of any fleet servicing the Ports of Los Angeles or Long Beach. The acquisition, part of TTSI’s commitment to convert 100% of its fleet to a near-zero and zero-emission platform by 2020, confirms that the platform is viable, durable and cost-effective ...

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Port Of Los Angeles Releases Final Supplemental Environmental Impact Report For Berths 97-109 (China Shipping)

The Port of Los Angeles has released the Final Supplemental Environmental Impact Report (SEIR) for the Berths 97-109 (China Shipping) Container Terminal Project. The Los Angeles Harbor Commission will consider certification of the Final SEIR at a special meeting at 9 a.m. on Tuesday, October 8th. The meeting will be held at the Port’s administration building, 425 S. Palos Verdes St. in San Pedro. A link to the Final SEIR can be found here. Go to “Projects Under Environmental Review: Public Review Period Closed,” then scroll to “Berths 97-109 (China ...

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