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Libya Acquires New Tankers

Libya Wednesday took delivery of three new oil tankers at its port hosting the Refining Company in Zaouia, as part of ceremonies marking the 37th anniversary of the country`s September 1969 Revolution. Baghdadi Mahmoudi, Secretary of the Libyan People`s General Committee took delivery of the three tankers - Ibn Batouta, Gardhabia and Intissar - new additions to the Libyan Maritime Transport Company`s fleet. The tankers built in South Korea by Samaho Hundai, one of the largest ship builders in the world, under supervision by Lloyd`s of Britain, cost US$165 million each, according to industry sources. They are equipped to carry three types of crude oil, and each could unload 3,000 cubic metres of crude per hour. The tankers were purchased by the Libyan Maritime Transport Company to meet the needs of the National Oil Corporation (NOC), in pursuance of local and international standards, and for operation in all ports. They will sail between several Mediterranean ports and in northern Europe, under a long-term deal of specifications signed with NOC. Source: Angola Pres

Rolls-Royce to Supply Propulsion for Battery-Powered Ferry

Photo: Rolls-Royce

Rolls-Royce has signed a contract for the delivery of its Azipull propulsion and control system for the "ferry of the future," a new vessel which will operate on battery power alone.   The vessel is being built at the Fjellstrand yard in Norway, and once in service will be operated by Norwegian transport company Norled between Lavik and Oppedal. In 2010, the Norwegian Ministry of Transport announced a tender to develop a new ferry that was 15-20% more energy

Road Transport Puts Denmark Ferry Out of the Running

Photo courtesy of Kattegatruten

Kattegatruten’s ferry services between Kalundborg and Aarhus are to end next month . The core business area for the service is truck transport and driverless cars, but for months the service has been unprofitable. "It is impossible to compete with Eastern European prices. Danish haulage companies are increasingly using Southeast European road transport companies as subcontractors. This means much lower labor costs and therefore driving across the Great Belt Bridge is more

Speedcast Secures Deal with AMPTC

speedcast logo.jpg

SpeedCast International Limited announced that it has been awarded a multiyear contract from Arab Maritime Petroleum Transport Company (AMPTC), a provider of maritime transport services of hydrocarbon substances in the Middle East region.  SpeedCast will provide satellite network connectivity for AMPTC’s entire fleet of vessels. SpeedCast will provide each AMPTC vessel with end-to-end VSAT services that enable corporate networking, Internet access, voice communications

MOL Transports Wheelchairs for Paraguayan Children

Paraguayan Ambassador to Japan Naoyuki Toyotoshi (left) presents MOL President Koichi Muto with a letter of thanks for the company’s transport of used wheelchairs for disabled children in Paraguay.

Mitsui O.S.K. Lines, Ltd. received a letter of appreciation from the Paraguayan Embassy, thanking the company for providing ocean transport of used wheelchairs from Japan to Paraguay, where they were delivered to needy children. This is the second time MOL has teamed up with the Volunteers Group to Send Wheelchairs to Overseas Children, a certified NPO, following a project in 2010. A total of 80 used wheelchairs for children were loaded on its operated containership at Port of Yokohama and

Nakilat H1 Profit Up 10 pct

Photo: Qatar Gas Transport Co Ltd (Nakilat)

 Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, has registered a half yearly net profit of $135 million (QR490.2mn), up 10% on the same period last year.   The healthy financial results reflect “Nakilat’s strategic development, the success of its joint ventures, and the company’s resilience in the challenging economic climate”, the company announced.  

Boatracs Appoints New Personnel

Boatracs, a business unit of Advanced Remote Communication Solutions, Inc., has appointed new personnel to better service clients, and expand sales coverage in the Pacific Northwest. In newly created positions, Robert Trainor joins the company as Sales Engineer, managing activities for the Pacific Northwest, Alaska and western Canada, and Steven M. Bryan, Sr. as Manager of Projects, Design and Development. Both positions report to Charles J. Drobny Jr., Chief Operating Officer of Boatracs.

Breakbulk Africa Congress – Transnet CEO to Speak

Brian Molefe: Photo credit UBM Global Trade

Brian Molefe, CEO of Transnet, South Africa's intermodal & pipeline conglomerate, will deliver the keynote address at forthcoming African debut of the Breakbulk Africa Congress Transnet SOC is South Africa's national transport arm and the governing body for the country's rail, pipelines, ports and terminals. During his keynote address, Molefe will discuss Transnet's recently announced, four-point growth strategy, which includes plans to invest R110.6 billion (US$12

Bechtel Studies Cargo Ship Safety in West Africa

Bechtel launched a new research initiative to improve the safety of mooring large cargo ships off the coast of West Africa. The combination of heavy ocean swell, squalls and shallow coastlines can create unpredictable conditions which limit the number of dry bulkers that can be moored safely in the area. The results of this research aim to provide new mooring guidelines and systems, which will improve the transfer and transshipment of natural resources from the region.

Gibson to Build 900,000b Crude Storage in Alberta

Canadian oil storage and transport company Gibson Energy Inc said on Monday it is building 900,000 barrels of crude oil storage at its terminal in Hardisty, Alberta, after receiving sufficient support from shippers.   The company will build a 500,000 barrel tank backed by a long-term contract with Teck Resources Ltd, a partner in the Fort Hills oil sands project and a new customer for Gibson Energy, and another 400,000 tank.  

Tsuneishi to Invest in Indonesia Shipyard Business

Photo:  Tsuneishi Holdings Corporation

 Japanese shipbuilding and maritime transport company Tsuneishi Holdings will invest up to $40 million to open ship repair services in Indonesia amid increasing efforts by the government to boost the archipelago's maritime industry, reports Jakarta Globe.  

Ruscon Sees Cargo Boost Despite Russian Downturn

(Photo: GCS)

Though Russian ports have seen a general decline in the number of containers handled, multimodal operator Ruscon reports it has seen its own numbers rise. Ruscon, a subsidiary of Russian container transport company Global Container Service (GCS), said it handled 65

Honeywell to Automate Finland's First LNG Terminal

The liquid natural gas terminal under construction in Finland. Image credit: SkanGas

 Honeywell has announced that it has received a contract to supply its Experion Process Knowledge System (PKS) automation controls and tank gauging systems for Finland’s first LNG import terminal.   The new terminal will efficiently supply natural gas to marine vessels and

Nakilat Damen Shipyards Qatar JV is 5

Nakilat Damen Shipyards Qatar (Courtesy Nakilat Damen Shipyards Qatar)

  On 23 November 2015, Nakilat Damen Shipyards Qatar celebrated its first 5 years of operation. With 40 vessels delivered or under construction, the yard has proven its capability to support Qatar’s national strategy for economic diversification.

Port of Durban to Triple Capacity, Compete with Suez Canal

The Port of Durban (Photo courtesy of the Durban Chamber of Commerce)

  Durban, South Africa's busiest port, has started a project to triple capacity and encourage vessels to skip the Suez Canal and sail around the Cape of Good Hope, Bloomberg reported today.   The excavation project, which will increase the port's capacity from 2

Finalists of Hiab's World Crane Championship


  Hiab, part of Cargotec, has selected the finalists who will take part in the first ever World Crane Championships at the Commercial Vehicle Show in Birmingham, United Kingdom, on 14-16 April 2015. The 18 contestants, who have won their places after qualifying through rounds held in 13

Refineries Revolution Spurs Product Supertankers

The rapid growth of mega refineries is prompting a new class of oil products supertankers, mirroring an earlier revolution in crude oil shipping, as traders look for scale that was previously not economically viable. In the early 1970s, ships capable of carrying 2 million barrels of crude oil

Balearia Requests US-Cuba Ferry License

Photo courtesy of Balearia

Balearia has requested a license to operate between the U.S. and Cuba from the U.S. Treasury Department, after both countries' announcement of the reestablishment of diplomatic relations. The shipping company is awaiting an official response from the U.S

Tsuneishi Seeks Foothold in Indonesian Shipyard Business

KEY PACIFICO: Ship manufactured by Tsuneishi. Photo: Tsuneishi Holdings Corporation.

 Japanese shipbuilding and maritime transport company Tsuneishi Holdings  has expressed a commitment to invest up to $40 million to open ship repair services in Indonesia, reports The Jakarta Globe.    The Hiroshima Prefecture-based company plans to invest US$40 million in a

Container Equipment Costs at Record Low

Source: Drewry Maritime Research

Low material costs and stable demand has driven the price of new container equipment down to record lows where it is forecast to stay, according to the latest edition of the Container Census report published by global shipping consultancy Drewry.  

Uber Boats Seek to Bypass Istanbul's Road Traffic

Image: Uber

With the towering bridges that span the Bosphorus choked by traffic, a new boat service from Uber aims to capitalise on Istanbul's infamous road congestion.   In partnership with local sea transport company Navette the Uber Boat venture is unlikely to net a significant chunk of the

Lifejacket Donations to boost Safety in Torres Strait

Donation of 1,400 children’s lifejackets as part of the Torres Strait Marine Safety Program

  Marine safety in the Torres Strait and Northern Peninsula area is getting a boost with the donation of 1,400 children’s lifejackets as part of the Torres Strait Marine Safety Program (TSMSP) School Based Maritime Safety Education Project.

2GO Mulls 25% Hike in its Revenue

Image:  2Go Group

 2GO Group, Inc. plans to boost profit by a quarter this year amid a sanguine outlook on its logistics, distribution, and express courier businesses, a company official said.   The company has set a P1.1-billion ($0.04billion) net income target this year

World’s Dry Cargo Transport Rate Nosedives

Pic: Maersk Line

 The recession, gradually engulfing the world commodity production, has become apparent amid the dynamics of rates for international dry cargo transportation, reports   The key shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 26

CMA CGM-led Consortium Win Box Terminal Bid

Kribi Container Terminal

The consortium formed by CMA CGM, Bolloré and CHEC won the bid process initiated by the Cameroonian government Following the bidding procedure initiated by the Cameroonian government, the consortium formed by the French companies - CMA CGM and Bolloré - and the Chinese CHEC (China

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