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TIGHTEN UP

U.S. Navy Patrols Somalia's coast

U.S. naval forces have deployed off the Somali coast to prevent leaders of defeated Islamic militias escaping. Kenya has also significantly tightened border security to stop an influx of fleeing fighters, as aid agencies called for help for genuine refugees. Uganda's president is traveling to Ethiopia to discuss forming an African force to stabilize the country. A two-week advance by Ethiopian troops swept the Islamic militias from areas they had controlled for six months. Source: BBC


DeltaLangh Bought by Langh Tech

Sauli Vahtokari from Langh Group’s production and Langh Group’s Managing Director Laura Langh-Lagerlöf. (Photo: Langh Tech)

Langh Tech has bought Deltamarin Ltd’s share of the previously jointly owned DeltaLangh Ltd, which manufactures scrubbers and water treatment systems.   “The cooperation with Deltamarin continues and Deltamarin Floating Construction can still provide turnkey scrubber installations,” said Laura Langh-Lagerlöf.   The method developed by Langh is based on an environmentally friendly closed-loop scrubber that can also be used in open-loop mode


IEA: Expressing Concern Over Tight Oil Supply

At a scheduled meeting today, the Governing Board of the International Energy Agency discussed the current restraints on world oil supply, the significant decline in oil stocks worldwide and the sharp rise in oil prices. They expressed concern that the tightening supply situation could feed inflation and slow economic growth, thereby giving rise to problems particularly for developing countries. “Such instability would be in no one’s interest,” said Robert Priddle


ACP Appoints Deputy Administrator

The Panama Canal Authority (ACP) Board of Directors has unanimously appointed engineer Jose Barrios Ng as its new deputy administrator after serving as ACP chief financial officer since 2002. He will continue to oversee his former position until a replacement is appointed. Barrios Ng holds a master's in economics engineering from the University of California at Los Angeles, a master's in electrical engineering from Georgia Tech and a degree in corporate finance from the Massachusetts


EU Welcomes Tighter Rules

European Union transport ministers welcomed proposals to tighten safety rules for oil tankers in the wake of the disastrous Erika oil spill off France's Atlantic coast last year. Ministers from the 15 EU states had an initial discussion of proposals put forward by the EU's executive Commission, but took no decisions. The Commission has called for a series of measures, including the phasing out of single-hulled oil tankers and the tightening up of port inspections


BBC Chartering Opens Vietnam Office

BBC Oregon Courtesy BBC

BBC Chartering announces the opening of a new representative office in Ho Chi Minh City, Vietnam, starting August 1st breakbulk, and general cargo transportation due to good prospects and growth rates outperforming other countries in the region. “The strong expansion of the Vietnamese economy means increased investments and more project activity within the industrial sector of the country,” said Svend Andersen, CEO of BBC Chartering.


Erika Captain Says Tight Budgets Overrode Safety

The captain of the tanker Erika, which sank off France's west coast in December causing a huge oil spill, said crews had to work to such tight budgets that safety standards could not always be met. "There are certain things that nobody dares to say, but the job has changed a lot, everything is going too fast, everything is dominated by money," the 36-year-old captain said. The Erika's crew was winched to safety when the vessel split apart and sank in stormy seas on December 12.


SS&Y Indices Push Higher

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose 123 points in the week ending Monday to 5,726. "A major resurgence from Japanese interests heated the spot market in the Pacific with rates rising accordingly. Because of the tightened supply situation any new interest will boost the market," SS&Y said. "Several charterers have already covered early November positions, but enquiries are still relatively plentiful leading to a conclusion of continued strength in the Pacific for


USCG Assist with N.C. Marina Fire

Coast Guard crews are overseeing the containment of product and pollution to minimize environmental impact from the fire at McCotters Marina in Washington, Jan. 7. Two thousand feet of boom was deployed to encircle the marina, and absorbent pads were placed within the boom where sheen was apparent. Eastern Environmental Management, a contracted cleanup company based from Rocky Mountain, N.C., is working to collect the absorbent pads and tighten up the boom.


Tianjin: No Petrochem Fraud

China's Tianjin Port Holdings has found no evidence of an alleged fraud involving petrochemicals reported by media earlier this month, the company said in a statement on Monday. Citing police and trade sources, Reuters had reported police were investigating a suspected contract fraud at Tianjin Port that involved "mixed aromatics", a refinery product commonly used for blending petrol. But Tianjin Port said it had made checks with the companies said to be involved and had found


Low Bunker Prices Benefit Ship Owners in 2015

Graph: Poten & Partners

 As 2015 draws to a close and the Worldscale Organisation published the new 2016 Flat Rates, Poten and Partners goes through the annual exercise of updating Flat Rates in its systems.    This highlighted once again the significant changes in bunker prices that occurred over the


Odfjell Drilling Boosts Safety with Miko Patches

ROV monitors integrity of Miko sea chest cover during trials Courtesy Odfjell

A policy of safety enhancement has resulted in Odfjell Drilling recruiting the expertise of Miko Marine to design and manufacture a complete package of sea chest covers and cofferdams that use magnetic holding technology for increased efficiency.  


Oil Off to a Turbulent Start in 2016 -DW

Oil prices have been extremely volatile since the first trading day of 2016 and hit 12-year lows last week with Brent dropping below $33 a barrel for the first time since 2005. The fall in the Chinese manufacturing index, the Saudi-Iran standoff and North Korean nuclear test have all had a


LNG Prices Dip on Stock Builds as New Supply Looms

Asian spot LNG prices fell this week as top consumer Japan struggled with surplus stock and Chevron's new Gorgon project neared start-up, which will feed into an already oversupplied market.   The big worry was about Russia's Sakhalin-2 export plant


World’s First MAN B&W ME-GI Enters Service

Retrofit milestone: ME-GI gas injection project for Nakilat’s Rasheeda   Nakilat, in association with Qatari LNG producers Qatargas and RasGas Company Limited and engine manufacturer MAN Diesel & Turbo, recently celebrated the success of the ME-GI project involving the retrofit of


First LPG Carrier Order for MHI Shipbuilding

LPG carrier (Image: MHI)

Mitsubishi Heavy Industries Shipbuilding Co., Ltd., a group company of Mitsubishi Heavy Industries, Ltd. (MHI), announced it has received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier.   


Dry Bulk Shipping Record Low a Warning for Global Economy

A slump in dry bulk shipping is set to worsen as the meltdown in global commodities and too many ships free for hire rock the sector used by investors to gauge the health of world trade.   Slower coal and iron ore demand from China - the world's biggest industrial importer - have battered


Europe-Bound Diesel Diverted to Asia

At least two tankers redirected to Singapore; Vitol floating storage vessel also heading East. Diesel cargoes which had planned to discharge in a heavily-supplied Europe have recently been redirected to Asia where the strong demand and refinery outages have constrained supplies.


China Ramping Up Ship Emission Controls

China will introduce tough controls on ship emissions at three key port areas from January to reduce sulphur dioxide which results in acid rain, causing respiratory difficulties and sometimes premature death, said the Ministry of Transport.


Prevent Costly Cargo Wetting Damage

An important element of a vessel’s seaworthiness is its ability to resist the ingress of sea water into internal spaces. Yet members are continuing to experience high value cargo damage claims relating to the ingress of water in cargo holds


Methanol a Viable Marine Fuel -Report

Stena Germanica (Photo: Stena Line)

Methanol has a "historic opportunity" as a marine fuel, according to a new report published today by research group FCBI Energy.   Despite having many attributes that make methanol an attractive, low-emissions marine fuel, it has sometimes been overlooked in policy and industry


Freight: Very Close to the End of the Road

Pic: Freight Investor Services

 In 1812, Russia beat back the advance of Napoleon’s army. On 18 December 2015 there is a similar tone of seasonal retreat, with most hopes pinned on the New Year. Shame there’s no-one around to write a symphony about it.  


U.S. Crude Up on Supply, Export Variables

U.S. crude prices up 9 pct this week; at slight premium over Brent for most of day. U.S. crude prices rose for a fourth straight session on Thursday, headed for a 9 percent weekly gain in the lead-up to Christmas as the market tightened on the back of falling supplies and looming exports.


64% Gowth for LNG Bunkering Market

Photo: Ramboll Oil and Gas

 Detailed insights and analysis of the global market for LNG bunkering fuel have been included in a new market research report recently published by Transparency Market Research (TMR).   The report includes an analysis of market’s historical statistics to present an overview of


Bright Future for LNG Bunkering - TMR

Image Courtesy TMR

  Transparency Market Research (TMR) have given a detailed insights and analysis of the global market for LNG bunkering fuel in its recently published market research report. On the basis of capacity, the market, which had a valuation of mere 70 kilo tons in 2013






 
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