Argentina Inks Short-term Deal with Parana River Dredger
Argentina's government has agreed a short-term deal with Belgian firm Jan de Nul to dredge the Parana River, a government source said on Friday, a move that should ease industry concerns in the near-term over navigability of the critical grains waterway.Exporters had grown worried about a lack of clarity over who would keep the river clear for cargo ships at a time when record low water levels have…
Louisiana Offshore Oil Port Fully Reopens After Ida Damages
The Louisiana Offshore Oil Port (LOOP), the largest U.S. privately owned deepwater crude terminal, has fully reopened its marine operations for imports and exports, a spokesperson said on Friday.The facility closed on Aug. 28 ahead of Hurricane Ida, which caused extensive damages to U.S. Gulf of Mexico oil production and processing. More than two-thirds of oil production was shut-in on Friday.There were no vessels docked at the port on Friday, the spokesperson said.
ClassNK Publishes Guidelines for Ships Using Alternative Fuels
Classification society ClassNK announced on Friday it has released “Guidelines for Ships Using Alternative Fuels”, updated with safety requirements for ships using ammonia as fuel on previously issued “Guidelines for Ships Using Low-Flashpoint Fuels” covering liquefied petroleum gas (LPG)/methanol/ethanol.Ammonia has captured attention as a zero carbon fuel. Appropriate safety measures are required for ammonia as it is toxic to humans and corrosive to materials…
Rates for Capesize, Panamax Bulk Carriers Jump
The Baltic Exchange's main dry bulk sea freight index rose more than 6% to its highest in about a week on Friday, aided by a jump in the capesize and panamax segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 221 points, or 6.1%, to 3,864.The main index fell about 2% this week."This upcycle in asset values confirms that supply/demand fundamentals look very promising for future prospects of dry bulk earnings…
MOL, Marubeni Developing Dual-fuel Methanol Carrier
Marubeni Corporation and Mitsui O.S.K. Lines, Ltd. (MOL) are working together to develop a dual-fuel methanol/very-low sulfur fuel oil powered vessel to ship methanol from Russia.On September3, during the Eastern Economic Forum in Vladivostok, Russia, the Japanese firms signed a memorandum of understanding (MOU) with the Ministry of the Russian Federation for Development of the Far East and the Arctic Regions…
FMC Announces National Shipper Advisory Committee Membership
The U.S. Federal Maritime Commission (FMC) on Thursday announced the membership of its newly formed National Shipper Advisory Committee.The committee is comprised of 24 members, evenly divided between those who export cargo from and those who import cargo to the United States, that will advise the commission on policies relating to the competitiveness, reliability, integrity and fairness of the international…
Evergreen Marine Orders 24 Container Ships
Container shipping firm Evergreen Marine has this week ordered 24 container ships for a total price of up to ~$1.1 billion from CSSC Huangpu Wenchong Shipbuilding in China.In a Taiwan Stock Exchange announcement on Wednesday, Evergreen said the order comprised newly-built 1,800 TEU, 2,300 TEU, and 3,000 TEU container ships.More precisely, the company has ordered two 1,800 TEU vessels, eleven 2,300 vessels TEU and eleven 3,000 TEU vessels.The total transaction price is between $958 million and ~1
Loading Ops Restart at Libyan Oil Ports
Loading operations at the Libyan oil terminals of Es Sider and Ras Lanuf resumed on Friday after a stoppage, National Oil Corporation and two engineers at the ports…
Nord Stream 2 Pipeline Completed, Gazprom Says
Gazprom said on Friday it had finished construction of the Nord Stream 2 subsea pipeline to Germany, completing Moscow's project to increase its gas export capability and bypass Ukraine, but flows have yet to be cleared by regulators.The much-politicized pipeline will double Russia's gas exporting capacity to Europe via the Baltic Sea and will allow Moscow to circumvent its political foe Ukraine as a major route for its lucrative gas exports to Europe."The head of the management board…
Sembcorp Marine Wins Dorado FPSO FEED Deal with Altera
Singapore-based Sembcorp Marine has secured an exclusive contract from floating production firm Altera Infrastructure, to carry out the Front-End Engineering Design (FEED) work for an FPSO to be built for Santos' Dorado oil and project offshore Australia.Dorado. located in the Bedout Sub-basin, offshore Western Australia, is an oil and gas project which is expected to have an initial oil production of 75…