• 2018 February 15 10:26

    Posidonia 2018 to host international unveil of industry titans JV – International Maritime Industries

    Saudi Aramco, Saudi Arabia’s state oil company, and its partners; Lamprell Plc; the National Shipping Company of Saudi Arabia (“Bahri”); and Hyundai Heavy Industries Co. Ltd. (HHI), have chosen Posidonia 2018 for the global unveiling of its International Maritime Industries (IMI) joint venture.  When the yard is fully operational in 2022, IMI will offer new build and maintenance, repair and overhaul of vessels, including Very Large Crude Carriers (VLCCs) and Offshore Rigs. Spread over 11.8 square kilometers, IMI will be one of the world’s largest full-service maritime facilities, says the press release of Posidonia organisers.

    To date, IMI has committed orders for 20 Offshore Rigs and 52 VLCCs to be built over the next decade. IMI is also in the process of establishing a supply chain ecosystem adjacent to the yard to drive localization, agility and efficiency.

    The decision to leverage Posidonia as the international launchpad for its latest venture reinforces the significance and reputation of the world’s most prestigious shipping signature event.

    “We have chosen to participate at Posidonia 2018 to showcase International Maritime Industries’ position as a global competitor and regional hub for maritime industries and services.  Given our geographic location and our proximity to strategic shipping routes, IMI is well positioned to be the partner of choice for new build ships and rigs, as well as maintenance, repair and overhaul services. Utilizing the strengths and expertise of the four partners, we are able of offer customers optimum lifecycle cost, efficiency, and leading-edge technology,” said Fathi K. Al-Saleem, CEO of IMI.

    IMI will be joining over 1,850 companies from a wide range of maritime industry sectors currently preparing and planning their participation at the June 4-8 event to be held at the Athens Metropolitan Expo across an exhibitor floor space spanning 40,000 sqm. Organisers expect to welcome over 22.000 shipping executives and government delegation members during the five days of the event, traditionally regarded as the playground of the world renowned Greek shipping community.

    “Posidonia’s strength is drawn by the collective quality and buying power of its exhibitors, delegates and visitors, debutants or repeaters, who commit funds and resources every two years to be part of a signature industry event that is a true celebration of everything shipping stands for,” said Theodore Vokos, Executive Director, Posidonia Exhibitions S.A., the biennial event’s organiser.

    “A key attraction remains the strong presence of the powerful Greek shipowning community at every Posidonia which is leading global newbuilding activity with 61 Greek companies having ships on order worth an estimated US$16bn,” said Vokos.

    Over 260 ships built to high specs, with many of them Tier II and Tier III compliant, are on order for Greek interests at the dawn of 2018, 105 of them contracted in 2017.

    The spending spree is regulation driven and stems from the recent ratification of the ballast water treatment treaty and type approvals by the US Coast Guard, as well as new regulations regarding SOX and NOX emissions and Monitoring, Reporting and verification (MRV) requirements, which have speeded up investment in scrubbers, LNG fueled ships and digitalisation of operations. With Greek interests currently running the most modern fleet globally and operating across the globe, compliance with new environmental regulations is a must for Greek shipowners.

    Some shipping companies, such as Capital Maritime & Trading, predict that new environmental regulations will make a quarter of today’s global fleet obsolete, giving them reason to invest $1,1 billion in upgrading 71 ships and ordering new ones.

    This flurry in new building orders and fleet upgrades is drawing the world’s shipping community to Posidonia 2018 in bigger numbers than ever before with commitments or expressions of interest surpassing any previously set event record.

    With space bookings already up by10% compared to the same time two years ago and over 80% of the exhibition floor already committed, the organisers had to add another 1,000 sqm of exhibition space to meet demand and are confident that Posidonia 2018 will generate once more new business for exhibitors and offer visitors direct access to the latest technology and the entire spectrum of maritime services and products available on the global maritime market.

    Once more the Posidonia exhibition space will be dominated by some 20 national pavilions and especially the leading shipbuilding nations, such as the traditional Far Eastern power houses of China, Japan and South Korea. Maritime Centres such as Hong Kong, Singapore, Dubai and many others will once more present their wide range of services to the global shipping industry and long-standing exhibitors such as the USA, Denmark and Holland will field greater participations than before. But national participation is not only reserved for traditional maritime nations, as Posidonia welcomes newcomers such as landlocked Luxembourg and agricultural economies like Georgia, while Poland will also make its debut. The majority of flag states will also be present at Posidonia, with Panama, Liberia, the Marshal Islands, Malta, Cyprus, the Bahamas, the Cayman Islands and Palau amongst others returning once more to the heartbeat of global shipping.  

    Among the new highlights we count the Greek pavilion organised by HEMEXPO, the association of Hellenic Marine Equipment Manufacturers and Exporters, which will span over 400 sqm of exhibition space with the mission to promote Greek engineering and experienced maritime solutions for the global shipping industry and looking to further expand its offerings on the makers lists of the most important shipyards worldwide.

    The Greek presence is complemented by a second Greek pavilion, organised by the Worldwide Industrial & Marine Association (WIMA), representing Greek companies active in the fields of ship construction, ship spare parts & supplies, ship technical and general services and marine equipment manufacturing.

    Another important new participant is the Greek utility company Gastrade, backed by Gaslog Ltd, which will manage the Alexandroupolis Independent Natural Gas System (INGS), a modern, cutting edge technology project which comprises an offshore floating unit for the reception, storage and re-gasification of LNG and a system of a subsea and an onshore gas transmission pipeline through which the natural gas is shipped into the Greek National Natural Gas System (NNGS) and onwards to the final consumers.

    And while oil continues to fuel humanity’s universal transportation needs, data is fast becoming the new oil spinning out a whole new brave world where artificial intelligence and smart shipping will dominate. The drive for digitalisation, the increased needs for smart shipping solutions and high demand for constant fleet connectivity has led to an impressive Posidonia outing by the ICT sector, with over 30 companies confirming their participation in order to compete for a bigger slice of the ever-growing needs of the most modern fleet the world has ever seen.

    The Posidonia conference and seminars programme has started filling up and will once more include over 30 conferences, product presentations, technical seminars and press conferences, all taking place at the Metropolitan Expo. The conference programme will start with the prestigious Tradewinds Shipowners Forum which will tackle current issues facing shipping.

    An important new event will be the HEMEXPO powered “SUPPORT THE LOCAL MARITIME INDUSTRY SUMMIT”, organised by Newsfront – Naftiliaki, to take place under the auspices of the Marine Technical Managers Association (MARTECMA), which will give shipping companies the opportunity to familiarize themselves with the state of the art HEMEXPO products and services. This conference will enable them to make educated decisions on future investments going forward and will also further promote the Greek maritime cluster, which is on track to contributing an ever-growing part of the national GDP.

    A new feature of the Posidonia Conference and Seminar programme will be the 4th Energy & Shipping Seminar, organised by the Institute of Energy for South East Europe (IENE), which will provide an in depth analysis of the Global Oil and Gas Market Outlook and analyse the factors that define the correlation between energy cargoes and shipping.

    Posidonia is organised under the auspices of the Ministry of Maritime Affairs & Insular Policy, the Union of Greek Shipowners and the Hellenic Chamber of Shipping and with the support of the Municipality of Piraeus and the Greek Shipping Co-operation Committee.

    Related links:

    Greek Shipping’s $15 bn orderbook propels Posidonia to new heights >>>>

    PortNews starts working on special edition of its journal for POSIDONIA-2018 and SMM-2018 >>>>

    Read more on the Events page >>>>




2018 June 17

18:40 Port of Oakland's largest terminal operator OK new lease to 2027
18:38 GoodBulk Ltd. announces delivery of Capesize vessel
18:32 Navios Maritime Partners announces sale of containership and options to sell four additional containerships

2018 June 15

18:35 Hapag-Lloyd implements Peak Season Surcharge from Mediterranean to USA
18:05 Wallenius Wilhelmsen Ocean adds Adelaide on the Australia service
17:54 Throughput of port Kaliningrad in 5M’18 up 12% Y-o-Y to 6.05 million tonnes
17:35 GTT conducts two FEED studies on two types of Gravity Based System
17:20 Throughput of port Vyborg in 5M’18 up 22% Y-o-Y to 610,900 tonnes
17:05 Port of Koper officially part of the New Silk Road
16:40 Yantar Shipyard launches yet another trawler of Project SK-3101R
16:35 Port of Long Beach volume up to 687,427 TEU in May 2018
16:05 Royal IHC joins PortXL
15:45 Throughput of port Vysotsk in 5M’18 declined by 3% Y-o-Y to 7.49 million tonnes
15:22 Main phase of Nizhegorodsky hydrosystem project obtains state expert approval
15:21 VTG FastTrack makes ad hoc transportation from the Port of Hamburg possible
15:00 Vopak opens new rail infrastructure in the port of Antwerp
14:21 Royal IHC and IHC IQIP sign memorandum of agreement with SOIC
14:09 DNV GL issues first type approval for aluminium cables onboard ships
13:16 Throughput of port Primorsk in 5M’18 down 18% Y-o-Y to 22.63 million tonnes
12:48 Bunker prices are down at the Port of Saint-Petersburg, Russia (graph)
12:27 Innovative solution for lowering of ship emissions tested in the port of Rotterdam
12:23 LUKOIL commissions third well at Filanovsky field second stage
11:59 Throughput of port Ust-Luga in 5M’18 down 1% to 41.48 million tonnes
11:31 Throughput of Big Port St. Petersburg up 16% to 24.73 million tonnes in 5M’18
11:02 Lloyd’s Register and TWI launch Fullagar Technologies
10:30 Kotug Smit Towage performs naming ceremony for Damen tugs Rotterdam & Beagle
10:24 Brent Crude futures price down 0.14% to $75.83, Light Sweet Crude – down 0.09% to $66.83
10:02 Seaports of Ukraine handled 54.3 million tonnes of cargo in 5M’18, down 2.1% Y-o-Y
09:40 Throughput of Russian seaports in 5M’18 grew by 2.7% Y-o-Y to 328.4 million tonnes (detalization)
09:19 Baltic Dry Index up to 1,433 points

2018 June 14

18:03 CMA CGM announces FAK rates from East Mediterranean ports to Gulf and Red Sea
17:47 Throughput of port Kavkaz in 5M’18 up 37% Y-o-Y to 15.34 million tonnes
17:33 APL unveils new China Southeast Asia Service 8
17:30 Specifications of products to be rated as manufactured in Russia will be updated
17:03 Pasha Hawaii receives new refrigerated containers as part of container replenishment program
16:48 State Duma approves federal law on setting rouble prices for services offered in Russian seaports (document)
16:33 Long Beach Harbor Commissioners adopt port budget
16:16 Rosmorport announces tender for dredging works in water area of port Vanino
16:03 Prosafe extends standstill agreement with Cosco
15:50 Vyborg Shipyard to deliver two 22 MW icebreakers of Project IBSV01 by November’18
15:32 Huisman and RAMLAB start project for the production of 3D large offshore crane hook
15:19 FESCO fleet began supplying of goods to northern Russia
15:02 HMM, Evergreen and APL launch China-Australia express service
14:32 Keppel delivers second rig to Borr Drilling
14:20 Commercial Sea Port of Ust-Luga accepted and handled a Panamax ship
14:02 MOL's newbuilding coal carrier OI MARU to serve JERA Trading
13:47 Global fuel market is waiting for some clarity from the Vienna meeting next week, expert says
13:46 Three nuclear-powered icebreakers of Project 22220 will be delivered by 2021 – USC
13:32 DFDS orders additional freight ferry newbuilding from Jinling Shipyard
13:02 TechnipFMC and DOF Subsea announce the delivery of Skandi Recife and commencement of contract with Petrobras
12:44 WMU joins in Malmö coastline clean-up for World Oceans Day 2018
12:25 APM Terminals offers new gateway to Iraq
11:43 Extensive geotechnical investigation of the Port of Riga territory commenced in Spilve meadows
11:19 Bunker prices is growing at the Far East ports of Russia (graph)
10:21 Brent Crude futures price down 0.31% to $76.5, Light Sweet Crude – down 0.09% to $66.58
10:00 Baltic Workboats is renewing the Danish pilot boat fleet
09:38 Major amphibious ship Ivan Gren to join Russian Navy before late June 2018
09:17 Baltic Dry Index up to 1,404 points

2018 June 13

18:35 ESPO congratulates Port of Dunkerque for obtaining EcoPorts’ environmental standard (PERS)
18:05 CMA CGM announces FAK rates from Asia to North Europe