Work Starts on New Terminal in Miami

Royal Caribbean Cruises and PortMiami have broken ground for a new cruise terminal.

The Miami-based cruise company said that the 'Crown of Miami'-nicknamed terminal will be able to accommodate its Oasis class, which are the largest cruise ships in the world. The opening is set for October 2018.

According to Carlos Gimenez, Miami-Dade County Mayor, the 10 acre-facility "will make PortMiami Royal Caribbean’s largest cruise port in the U.S.” 

RCL stated that the terminal will be certified as a green building by the Leadership in Energy and Environmental Design program. 

Around 1.8 million passengers are expected annually. That would double RCL’s current passenger traffic in PortMiami.

IBM and Maersk are launching a new blockchain solution 

IBM and container carrier Maersk have announced about potential introducing of the new blockchain solution for global shipper's communication. The possible cooperation will digitize data between shippers, ocean carriers, customs authorities, ports and freight forwarders. The new technology will save billions of dollars for the industry by transforming supply chain.  Blockchain technology will help to reduce errors and frauds, transit time and shipping process, will improve clarity between parties. Cooperated solution might be available to connect members within shipping industry by the end of this year. 

The Panama Canal has recorded a daily tonnage average of 1.18 mln Panama Canal tons (PC/UMS) in February, 2017.  The previous record of 1.16 PC/UMS was reached in January, 2017. After the inauguration, Panama Canal has seen about 850 neopanamax vessels which passed through the new locks. By nowadays, approximately 53% of all cargo carrying by container vessels are transferred through the canal. Moreover, 11 new liner services are using the canal on regular basis. By April 2017, its planned to send through the new locks the first neopanamax cruise ship with up to 4000 passengers.

Dear Women,

Auction Export wishes you a very happy women's day!

May you keep the blossoming up the world around all. Have a wonderful day!  

Oman Shipping Buying 10 Tankers

Reuters is reporting that Oman Shipping Company (OSC) has secured USD 227 million in debt to finance the purchase of ten tankers.

Structured as a combination of commercial debt and export credit agency financing, the 12-year loan covers the acquisition of 50,000 dwt medium-range tankers built by South Korea's Hyundai Heavy Industries.

According to Reuters, the deal was arranged and underwritten by Societe General.