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THE BIG FOUR

Banks Won't Fund Coal Port Expansion near Reef

Germany's largest bank, Deutsche Bank AG, has declared it will not finance a controversial coal port expansion in Australia near the Great Barrier Reef, responding to calls from environmental groups and tourism operators. HSBC, Europe's biggest bank, also signalled on Friday it would be unlikely to finance the project. Deutsche Bank's stand marks a win for those opposed to $26 billion worth of coal projects that plan to use the Abbot Point port, already facing delays due to weak coal prices. But one company involved said the bank's position made no difference. "This doesn't impact our proposed projects in any way," Indian firm GVK Hancock spokesman Josh Euler said. Green groups and marine operators fighting to protect the World Heritage-listed reef took their campaign to Europe this week, urging Deutsche Bank, Societe Generale and HSBC not to back the Queensland coal projects. They want to stop a government-approved expansion of Abbot Point that would involve dumping 3 million cubic metres of dredged soil about 25 kilometres (15 miles) from the Great Barrier Reef, an issue that is also of concern for UNESCO's World Heritage committee. Campaigners against the Abbot Point expansion failed to win support from Societe Generale on Tuesday, according to their web site, but were successful at Deutsche Bank's annual meeting on Thursday. (http://www.marketforces.org.au/europecoalfinance)


ABP Port of Southampton Welcomes its Latest Record-Breaker

Photo: ABP Port of Southampton

 The biggest container ship in the world, the MSC Maya, made its maiden call at Southampton on Tuesday 15 December.    The 395.4m vessel, which can carry a world-leading 19,224 containers, is just the latest giant container vessel to call at the port in recent weeks.   As well as being the biggest, the vessel, which is named after Maya Aponte the four-year-old daughter of MSC President and CEO Diego Aponte


First Phase Completed at Changxing Shipbuilding Base

The first phase of the Jiangnan Changxing Shipbuilding Base has been finished and is already in operation on Changxing Island, Shanghai. Built by the China State Shipbuilding Corporation (CSSC), it has three production lines and four boatyards capable of holding 300,000-ton ships. Almost unparalleled in the world, it is the biggest shipbuilding project ever to be undertaken in China. Shanghai has the potential to be the world's largest shipbuilding base.


MacGREGOR Signs Offshore Orders

During November MacGREGOR won offshore equipment orders with a total value of over $73.5 million (50 million euros); the equipment will be delivered during 2009-2010 Offshore equipment orders recently signed by MacGREGOR’s Offshore division include the single biggest order in the history of the newly acquired Norwegian company Hydramarine AS. This is for two Hydramarine active heave compensated (AHC) cranes for an offshore vessel being delivered in 2010 to a Norwegian shipowner


Lloyd's Register Foundation Funds Big Data Study

Towards data-centric engineering

  The Lloyd’s Register Foundation today launched its Foresight review of big data and announced a conditional grant offer of £10 million to support research by the Alan Turing Institute on engineering applications of big data. The Foundation’s Foresight review of big data: towards data-centric engineering, looks forward at how developments in the area of big data might impact the safety and performance of the engineering assets and infrastructure on which modern


MSC Ships Get Bigger

MSC Divina. Photo courtesy of MSC Cruises

MSC Cruises, the 4th largest cruise line, confirmed the existing STX France options to build an additional two ships in the Meraviglia class.    The ships, valued by MSC at $1.7 billion, will be longer and bigger versions of the Meraviglia-class ship, which is scheduled to begin with the 167,600-gross-ton MSC Meraviglia in 2017.   MSC now has four firm orders on the books from STX France, plus another three ships at Fincantieri.    


J. Ray McDermott’s Mid-East Lay Barge

Since 1960, J. Ray McDermott's Middle Eastern facility has fabricated and installed over 630 structures, 330,693ST of steel, and has installed over 2,610 miles of pipeline throughout the Arabian Gulf, Egypt, India, the Caspian, Africa and the North Sea. Recently they have upgraded one of the assets that make these remarkable numbers possible. The firm’s Derrick Lay Barge-27, owned by Hydro Marine Services but operated by McDermott, now has an impressive set of specifications


Cargill Dumps Shipping Arm

Cargill has announced a change in shipping strategy, following the sale of its last four remaining Panamax bulk-carriers, and from here on will charter in ships for all its cargo requirements. "The widespread trend towards consolidation and size within the ship owning segment implies one either gets bigger or scales back," said Vice President of Cargill International Tom Intrator in a statement. "And in our case we have chosen the latter."


Len celebrates 100th on the Ship Canal

Len Jones (2nd left) at QEII Dock with (l-r) former colleagues Jim Cordiner, David Ogilvie, Ray Howells and current Ship Canal general manager Dean Hammond.

Len Jones was born in 1911, the coronation year of King George V and the year the Titanic was launched at Harland & Woolf in Belfast. During his lifetime there have been four British monarchs, 19 Prime Ministers, two World Wars and the break up of the British Empire. Women have won the vote, man has landed on the Moon and the world has seen the invention of television, computers, the internet, mobile phones and SatNavs.


ROV Saab Seaeye Panther Bests Persian Gulf Currents

Saab Seaeye Panther XT Plus: Photo credit Saab Seaeye

Abu Dhabi-based, CCC (Underwater Engineering), saves on operational costs with Saab Seaeye Panther XT Plus ROV. “Its ten-thruster power easily overcomes the four-knot currents,” says CCC’s ROV Manager, Tavis Letherby, “and having two powerful Schilling manipulators to hand is a combination that stands out from everything else.”  He finds that 90 per cent of the tasks normally undertaken by CCC’s 150 HP hydraulic work-class ROVs is now possible


[Op/Ed] WRDA: Dredging up Progress

© alexmma1 / Adobe Stock

Digging out the small ports and harbors that serve as the on-ramps to the maritime super highway is important work.   We support the WRDA language that makes our water commerce system work productively. The Presidentially-appointed Mississippi River Commission in its public meetings


Refining Capacity Growth to Exceed Demand Until 2020 -Forecast

© katatonia / Adobe Stock

Until 2020, global refining will move toward lower utilization and margins as capacity growth exceeds demand, according to energy industry data and analytics specialist McKinsey Energy Insights (MEI). Post-2020, however, market conditions are expected to improve with higher demand for distillates


R.W. Fernstrum: Keeping Things Cool for 67 Years

Sean Fernstrum (Photo: R.W. Fernstrum & Company)

Founded by Robert W. Fernstrum 67 years ago, R.W. Fernstrum & Company is currently run by its third generation of Fernstrum. This long-tenured maritime staple has seen its fair share of maritime cycles, and in today’s challenging market it is not standing still


Japan to Overtake Korea in Global Shipbuilding Industry

Photo: DSME

 Japanese shipyards are on the verge of overtaking Korean shipyards in remaining order backlogs and market share, reports Business Korea.   South Korean and Japanese shipbuilders recorded a backlog of 20.46 million CGT and 20.06 million CGT early this month, respectively


S.Arabia Costructs Huge Shibuilding Complex

Khalid Al-Falih Photo: MIT News Office, part of the Office of Communications

 A Reuters report quoting  Saudi Arabia's energy minister Khalid al-Falih said that the country expects a huge ship repair and shipbuilding complex that its national oil company Saudi Aramco is developing at Ras al-Khair on the kingdom's east coast to cost over 20 billion riyals ($5


Hamburg Süd for Sale?

Photo: Hamburg Sud

 Speculations about an upcoming sale of Hamburg Süd have intensified in the market, says a report in WSJ.   Hamburg Sud, the seventh-largest container-shipping operator world-wide in terms of capacity, is part of the Oetker Group, a family-owned German conglomerate


DMCA, DNV Join forces to promote Maritime Innovation

Workshop in Progress Photo Dubai Maritime City Authority

In cooperation with Det Norske Veritas, one of the world's largest classification society of vessels, Dubai Maritime City Authority's (DMCA) 'Maritime Innovation' workshop recently concluded with high participation from maritime industry pioneers and other government entities such as DP World


'Submarines Affair' Prompts Investigations in Israel and Germany

Questions over the purchase of German submarines that started with media reports of a potential conflict of interest involving Prime Minister Benjamin Netanyahu's lawyer have mounted in the last 10 days, spurring investigations in two countries.


Carnival to Sponsor ‘The New Celebrity Apprentice’

Image: Carnival

 Carnival to Sponsor ‘The New Celebrity Apprentice’   Carnival Corporation & plc announced it will sponsor the two-part finale of the upcoming season of NBC’s “The New Celebrity Apprentice” airing next year on February 6 and 13


Carriers Playing Poker with Ports

Image: Drewry Shipping Consultants Limited

 Container shipping lines are in danger of putting future port investment at risk in their demands for terminal handling cost reductions, according to the recently launched Ports and Terminals Insight report published by global shipping consultancy Drewry.  


Oetker Sells Hamburg Süd to Maersk

Photo: Hamburg Süd

 Dr. August Oetker KG announces that, after more than 80 years, it is divesting its shipping business and will be selling Hamburg Süd with all activities, subsidiaries and principal assets.   The world's seventh-biggest container operator, Hamburg Süd


Tough Times in Shipping Fleet Demolition

 Strong demolition has been a prominent feature of the shipping industry this year, as challenging market conditions continue to drive a significant supply-side response in a number of sectors, says Clarksons Research.   Across the total shipping fleet


ExxonMobil Sees PNG LNG Producing at 16 pct Above Nameplate

Photo:  PNG LNG

 ExxonMobil expects to deliver 7.9 million tonnes of liquefied natural gas from Papua New Guinea this year, around 14 percent above nameplate capacity of its PNG LNG plant,  says a report in Reuter's quoting the company's PNG head.  


Hyundai Near Deal With Iran for 10 Ships

Photo: Hyundai Heavy Industries Co

 Hyundai Heavy Industries Co. (HHI), a major shipyard in South Korea, looks set to clinch a deal with Iran to supply 10 ships, says a report in Yonhap.   The contract, valued at USD650 million, will see Hyundai supply the Islamic Republic of Iran Shipping Lines, (IRISL) with four 14


Taiwan Shipping in Troubled Water?

Pic: EverGreen

 Taiwan's shipping lines aren't looking quite so young and fresh as they were earlier, reports Bloomberg.   While the global container industry has embarked on a spree of pairings and menages-a-trois over the past 12 months, Taiwan's shipping lines have remained proudly single.






 
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