Ocean Infinity Ship Sets Sail for Stellar Daisy Search

Written by Maritime First

…As South America’s Container Trade Returns to Growth***

Exploration company Ocean Infinity’s vessel Seabed Constructor has departed Cape Town to begin the search for the lost South Korean ship, Stellar Daisy.

Stellar Daisy sank on March 31, 2017, with the loss of 22 of its 24 crew. The ship, which was transporting iron ore from Brazil to China, is believed to have gone down in the South Atlantic Ocean approximately 1,800 nautical miles due west of Cape Town.

The Ocean Infinity team is expected to be on site and commencing search operations by mid-February 2019. Ocean Infinity will deploy a fleet of Autonomous Underwater Vehicles (AUVs) simultaneously to search for Stellar Daisy. Upon locating the ship a survey of the wreck will be carried out before an attempt to recover the voyage data recorder is made.

Ocean Infinity’s AUVs are capable of operating in water depths up to 6,000 meters. They are equipped with a side scan sonar, a multi-beam echo-sounder, a sub-bottom profiler, a high definition camera, a conductivity / temperature / depth sensor, a self-compensating magnetometer, a synthetic aperture sonar and a turbidity sensor.

The Stellar Daisy crew’s final message reported that she was taking on water and listing, and the two survivors of the casualty reported that her hull cracked before she went down. The families of the missing seafarers petitioned the South Korean government to undertake the search for the vessel, and their campaign gathered over 100,000. Korea’s Ministry of Foreign Affairs subsequently contracted Ocean Infinity and said that the search should be completed by March.

The 1993-built Stellar Daisy started life as the single-hulled crude tanker Sunrise III. In the late 2000s, single-hulled tankers were being phased out in favor of double-hull designs, and a Korean bulker firm bought the Sunrise and several other VLCCs for conversion to dry bulk ore carriers. About two dozen vessels with similar conversions are still in operation today. 

In the meantime, Dynamar has released its latest South America Container Trades report, highlighting a return to growth after three years of decline for the region’s international trade.

Written by Darron Wadey, the report notes the growth after economic contractions between 2014 and 2016, with subsequent recovery in 2017. Full container carryings between South America and the rest of the world reached just over 10 million TEU in 2017. This was up eight percent on 2016. Dynamar expects South America containerized trade to reach 14 million TEU in 2021.

The region is home to over 390 million people, has a trade value of $897 billion and a GDP estimated at $3,739 billion. Brazil is the largest country by far with a population of over 209 million and generating some 42 percent of trade, 55 percent of GDP and 43 percent of South America’s 22 million TEU throughput. On the west coast, Colombia (with also a northern coast line) has the largest economy, with 49 million residents generating 8.4 percent of total GDP. However, it is Chile that has the greater container throughput at 20 percent.


South America’s exports are largely agricultural based: meat and chicken from the east coast and fruit from the west coast. Imports include consumer goods, equipment and machinery of various types and petroleum products. South America accounts for 16 percent of worldwide perishable exports.

Between 2013 and 2017, South America’s merchandise trade, by value, shrank some $222 billion, or 20 percent, to $897 billion. The main damage was done in 2015 when the value of trade dropped by 19 percent. Compound annual growth rate over the whole period reviewed was -5 percent. 

Port Throughput

Port Callao, Peru, had the highest container throughput on the west coast, Santos, Brazil on the east coast. The report covers Chile, Peru, Ecuador, Colombia, Brazil, Uruguay and Argentina, as well as two landlocked countries: Bolivia and Paraguay. The west coast stretches 12,500 kilometers. Over half of this belongs to Chile, a nation that, at its widest, measures less than 250 kilometers.   

Port container handlings of more than 50 South America ports studied reached 22 million TEU in 2017, reflecting a growth of 6.4 percent on the year before. 

A number of private terminal operators are active throughout South America, six are local to South America. Global operator APM Terminals and Chile-based SAAM both have interests in six facilities each. Other operators with interests in the region include DP World, ICTSI, TIL (MSC) and regional company Ultramar.

Incoherent port and terminal development has raised fresh concerns on the East Coast. Issues under the spotlight are the removal of concessions in Brazil, conflicting policy announcements and the likely consolidation of separate Buenos Aires concessions into one in 2020. Hence, at least three terminal operators have been or are looking at reducing their presence, perhaps to the point of complete withdrawal in a couple of cases.


The report identifies 47 container liner services that offer direct connections with South America with a fleet of some 341 vessels at an average of 6,500 TEU per ship. In terms of average capacity deployed, the Far East trade lane leads the way, followed by Europe and North America, respectively. These liner services call at 38 South American ports. 21 are located on the east coast and 17 on the west coast. 

The South America trades have experienced the loss of some familiar names: CSAV to Hapag-Lloyd in 2014 and CCNI to Hamburg Süd in 2015. Hamburg Süd and affiliate Aliança survive, but are part of Maersk group.

The two largest carriers in the South America deepsea trades are Maersk Line and MSC, respectively. These control 49 percent of annual trade capacity. Over 10 carriers, including the likes of NileDutch, Seatrade and ZIM supply less than one percent of capacity. Total annual trade capacity reached almost nine million TEU in 2017.

The 23 vessel liner carriers active on the trades serving South America deploy 341 ships with a total carrying capacity of 2.2 million TEU. They connect South America with 77 ports in the Far East, Europe, North and Central America and Africa. Among the ships are 51 ultra-large container ships ranging from 10,000 to 13,000 TEU.

Trade Treaty 

All four east coast countries are members of the regional Mercosur/ Mercosul common market. This is a free-trading zone established by the 1991 Treaty of Asunción among Brazil, Argentina, Uruguay and Paraguay. Bolivia will become the next full member. Elsewhere Chile, Colombia, Ecuador, Peru, Guyana and Suriname are associate members. Venezuela is currently suspended from the organization.

Maritime Executive

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