COS Weekly Newsletter - Friday, 18 August 2023

COS Weekly Newsletter - Friday, 18 August 2023
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COS Weekly Newsletter - Friday, 18 August 2023


COS News

Celebrate our 100th Anniversary with us!

Tickets to Shipping 360 Conference and the Centennial Gala are still available. Tickets are sold separately to each event at member and non-member rates. More speakers have been added to the conference program and more are being aded each week. Sponsorship opportunities and limited trade booths are also still available. Don't miss out on the industry events of the year. We look forward to celebrating with you in September.

Accommodations are available for September 26-29 at conference rates at the Coast Coal Harbour and Fairmont Pacific Rim. Booking details are here. 

Member Spotlight 

Norden forms agreement with Teck Resources to reduce emissions

NORDEN and Teck Resources have formed an agreement to decrease CO² emissions in Teck's steelmaking coal supply chain. This deal aims to cut annual emissions from Teck shipments managed by NORDEN by 25%, equivalent to 6,700 tonnes of CO², similar to removing 1,400 passenger vehicles from roads. NORDEN plans to achieve this reduction using fuel-efficient ships, alternative fuels like biofuel, and advanced data analytics to optimize vessel speed and routes. The partnership supports Teck's goal of becoming carbon-neutral by 2050 and contributes to NORDEN's strategy of assisting customers in lowering supply chain emissions.

Read more

Local News

Wildfires in BC creating havoc on local communities and for railways

The Kookipi Creek wildfire near Boston Bar has grown from 2,000 hectares this morning to nearly 9,000 hectares in size due to unstable weather conditions, threatening Lytton, Boston Bar, the Nahatlatch Lake area, and the Fraser Canyon community of North Bend.  The Kanaka Bar Indian Band is joining the Fraser Valley and Thompson-Nicola regional districts in issuing evacuation orders.  Rail services for both CN and CPKC have been affected, but are expected to resume later this evening, but the wildfire situation remains unstable and other disruptions may occur as the safety of the communities and employees are a priority.  For the latest information, visit BC Wildfire Service (gov.bc.ca).

JSW Steel expresses greater interest in Elk Valley Resources.

JSW Steel is considering forming a consortium to increase its bid from a 20% stake to a 75% interest in Teck Resources’ steelmaking coal business, according to Bloomberg. A deal could value the coal business at more than $8 billion and JSW has been sounding out banks about financing for a potential offer. A JSW consortium could face competition from Glencore, which in June proposed buying the business for about $8 billion as an alternative to a full takeover of Teck.

JSW Steel is an Indian multinational steel producer based in Mumbai and is a flagship company of the JSW Group. After the merger of Bhushan Power & Steel, Ispat Steel and Jindal Vijayanagar Steel Limited, JSW Steel became India's second-largest private-sector steel company.

Collaboration with First Nations and the public will enhance B.C's coastal marine strategy

The Province of British Columbia has gathered input from various sources, including individuals, organizations, and governments, to shape its first-ever Coastal Marine Strategy in collaboration with coastal First Nations. The feedback, summarized in the "What We Heard" report, emphasizes the importance of healthy and diverse marine ecosystems in mitigating climate change impacts. The strategy will focus on activities and values within the coastal marine environment, involving collaboration with First Nations and other responsible entities. The initiatives proposed in the strategy aim to enhance existing programs, introduce new concepts, and establish shared values to guide provincial actions over the next two decades.

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The Association of Marine Surveyors of B.C. welcome new members

Last week, the Association of Marine Surveyors of B.C. (AMSBC) held their monthly meeting in conjunction with a social dinner at the Sand Bar Seafood Restaurant of Granville Island. President Captain Raman Mangat welcomed new members as the group continued discussions regarding recruitment and promotion of their craft to the maritime industry.

More information on the AMSBC and how to become a member can be found here.

Canadian News

Montreal Port Authority announces interim President and CEO

Geneviève Deschamps has been appointed as the Interim President and CEO of the Montreal Port Authority (MPA), beginning August 21, 2023. She is currently the Vice-President of Finance. This appointment aims to maintain operational continuity and advance the strategic plan, including the Port of Montreal's expansion in Contrecoeur. The MPA Board of Directors supports Deschamps and her team's efforts. The board is also in the process of recruiting a permanent CEO with the assistance of an executive search firm and Martin Imbleau (previous CEO) will provide transitional support until September 8.

Read more

International News

BNSF petition for partial stay in NTEC coal-shipping order denied by STB

The Surface Transportation Board (STB) rejected BNSF Railway Co.'s request to delay part of a decision involving coal transportation for Navajo Transitional Energy Co. LLC (NTEC). The STB initially ordered BNSF to transport coal from NTEC's mine in 2023. BNSF wanted a partial delay due to crew and capacity concerns, claiming irreparable harm without it. However, STB denied the request, stating the additional transportation requirement only applies if BNSF chooses to increase capacity, thus dismissing the potential harm argument.

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Port Houston adopts data-sharing software to battle slow, manual vessel arrival process

Port Houston has adopted a data-sharing platform provided by container terminal technology company Portchain. This platform enables the port to digitally coordinate vessel arrival times with its ocean carrier customers. The system, known as Portchain Connect, streamlines the process of arranging vessel calls by facilitating automated data exchange and digital collaboration. The goal is to enhance efficiency, improve berth scheduling, and reduce errors in the coordination process. Portchain Connect has gained traction globally, with 76 terminals already utilizing it, accounting for about 4% of all global port calls. The system aligns with efforts to achieve just-in-time vessel arrivals, which can help meet environmental regulations and reduce fuel.

Transit restrictions for Panama Canal extended due to drought

The Panama Canal Authority has extended restrictions on vessel transits through the waterway until September 2. The restrictions, brought about by a delayed rainy season in Panama, limit the number of authorized vessel transits to a maximum of 32 per day. These constraints, aimed at alleviating congestion, have implications for shipping costs and consumer goods prices. The Panama Canal is crucial for transporting goods between Asia and the United States, particularly before peak selling periods like Christmas. As of now, there are 131 vessels waiting to transit the canal, down from 161 the previous week. The restrictions include draft limitations and specific daily transit allowances for different types of locks. The Canal holds a significant market share for container movement between Northeast Asia and the U.S. East Coast.

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Events

 


Aug 24 - COS Operations Committee Meeting @ 1200

Aug 24 - Plimsoll Club Summer Social, Cold Tea Room, Vancouver @ 1630 

Aug 26 - 16th Annual Cycle for Seafarers , Vancouver, BC 
Sept 7 - COS Board of Directors Meeting @ 1200

Sept 11-13 - Ports Canada Conference - Trois-Rivieres, QC 
Sept 20 - WMCC PACMAR/NANS Meeting @ 1000
Sept 20-24 - Fraser Riverfest Activities and Lucille Johnstone Workboat Parade
Sept 24 - Port of Vancouver celebrates World Maritime Day @ Canada Place @ 1100
Sept 25 - BCIT Marine Campus and Industry Open House, North Vancouver, BC

Sept 28 - World Maritime Day - "MARPOL at 50 - Our commitment goes on." 

Ship of the Week

 

Turkey's Sanmar Shipyards delivered the second of three all-electric harbor tugs, HaiSea Wee'git, to Canada's HaiSea Marine. The tugs are part of a contract to provide services to LNG Canada's export facility in Kitimat, British Columbia. Based on the ElectRA 2800SX design, the tugs operate solely on battery power with a 70-ton bollard pull and 12-knot top speed. Recharged from shore facilities, they offer zero emissions and reduced environmental impact. Two larger LNG dual-fueled vessels will handle escort duties. The new fleet is expected to significantly cut emissions and noise, setting a precedent for sustainable maritime practices. Sanmar will deliver more ElectRA tugs this year to various operators.


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