Gs News

KR has awarded a third-party verification certificate for a “Greenhouse Gas Reduction Calculation Methodology” developed by HMM, South Korea’s largest shipping company.The methodology is based on the Renewable Energy Directive II, a regulatory framework adopted by the EU to promote the use of renewable energy to all member states.The greenhouse gas reduction methodology verified by KR involves calculating the amount of reduced greenhouse gases (GHG) based on the fuel's life cycle emissions (WtW…

Longship Group entered a joint newbuilding project with Wagle Chartering AS for two "GS Eco-Freighter 3700" to be built by GS Yard BV in Waterhuizen, the Netherlands.The general cargo ships feature single open top box shaped holds of about 181,000 cbft intake. The vessels are equipped with two bulkheads that can be used as tweendecks. They are fitted for grain, timber, project cagos and are driven by a IMO Tier III compliant Mitsubishi S12R engine with an output of 749 kW.Wagle Chartering is assigned with the commercial operation…

The world's largest RoRo shipping company Wallenius Wilhelmsen reports its vessel Torrens is the first to bunker B30 HSFO-biofuel in South Korea. The bunkering took place during a call at Masan Port as part of the vessel's regular sailing schedule.A drop-in fuel that can be used in existing engines without any modification or tank cleaning, HSFO biofuel is a HSFO blended with UCOME (bio feedstock). The number of suppliers worldwide offering this particular fuel is currently very limited…

Hyundai Merchant Marine (HMM) has signed a Memorandum of Understanding (MoU) with GS Caltex to secure marine biofuels.HMM plans to conduct the trial use of the fuels on its three 24,000 TEU container ships in the second half of this year. The biofuels comprise 30% biodiesel derived from used cooking oil and 70% high-sulfur fuel oil (HSFO).Biodiesel reduces greenhouse gas emissions by 80% compared to conventional fuels, notes HMM. Biofuels also have the merit of being compatible with current ship engines without technological modification.In 2021…

China’s imports of light cycle oil (LCO) are set to fall in coming months as authorities crack down on its illicit trading and sales in South China, dealing a blow to the $10 billion market and to refiners in top supplier South Korea.China’s imports of the cheaper but more pollutive diesel blending fuel nearly doubled to record levels in 2020, but a clampdown in top oil consuming Guangdong province has curbed demand.The amount of South Korean LCO, a refinery by-product, to be loaded for shipment to China in May is down 60% from March while spot premiums have halved…

Kongsberg Maritime (KM) said it will supply an equipment and simulation package for the maritime training vessel MS Gann, helping both to reduce the vessel’s emissions and enhance the education offered on board. The contract, worth 41.2 million NOK, is part of an extensive refit and will include KONGSBERG’s SAVe Energy battery system and hybrid shaft generators, in addition to power management, propulsion control and monitoring systems.MS Gann – which ran passenger services along…

Diana Shipping, a dry bulk shipping company, has signed an agreement to sell the 2001-built Panamax dry bulk vessel “Oceanis” to an unnamed buyer. Separately, the company has secured a charter for its Capesize bulk carrier "New York."The company said Friday that the Oceanis vessel would be delivered to the buyer by April 16, 2021, at the latest, for a sale price of US$5.75 million before commissions.Separately, Diana Shipping has entered into a time charter contract with EGPN Bulk Carrier Co., Hong Kong, for one of its Capesize dry bulk vessels, the m/v New York. The gross charter rate is US$14,000 per day, minus a 5% commission paid to third parties, for a period until minimum April 16, 2022, up to maximum June 30, 2022.

Since the days of wooden hulls and human power, lifeboat crews have put to sea through dangerous surf to save the lives of their fellow seamen. The first engine powered boats allowed decks and cabins that afforded a greater level of safety. When the U.S. Coast Guard developed its 47-foot surf boat in the late 1990s, a whole new standard for lifeboats was set.Designated 47-foot MLB, these all-aluminum craft demonstrated spectacular performance. Capable of handling 60-knots winds…

Oil and shipping group Monjasa said it has acquired the 9,600-dwt oil and chemical tanker Monjasa Server from Golden-Agri Stena. The 117.6-meter vessel is set for cargo and bunkering operations in the Arabian Gulf by November 2020.Formerly known as the GS Adventure, the 2009-built Monjasa Server joins Monjasa’s marine fuel operations across the Middle East, which currently consist of four tankers ranging between 4,000 and 10,000-dwt.Equipped with deepwell pumps and five tank segregations allowing multiple fuel grades onboard, Monjasa Server increases operational flexibility.

The U.S. Coast Guard recently accepted the Birdon America's first upgraded 47-foot Motor Lifeboat (47 MLB) at the agency's National Motor Lifeboat School (NMLBS) in Ilwaco, Wash., completing the first major milestone in the MLB Service Life Extension Program (SLEP). The first article vessel will undergo a four-month operational assessment by members of NMLBS.The 47 MLB is the Coast Guard's standard lifeboat, designed to weather hurricane force winds and heavy seas, capable of surviving winds up to 60 knots, breaking surf up to 20 feet and impacts up to three Gs.

China National Offshore Oil Corp, or CNOOC, has agreed to buy from Royal Dutch Shell two cargoes of liquefied natural gas with offset carbon emissions, marking China's first gas imports of this kind, said the Shanghai Oil and Gas Exchange.CNOOC and Shell will use carbon credits won in projects in China's northwest Xinjiang and Qinghai region to offset the carbon emissions involved in producing and consuming the two gas cargoes, the exchange said in a statement on Sunday.CNOOC will auction the two cargoes at the Shanghai exchange.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GmbH & Co. KG, Lübeck, Germany, for one of its Capesize dry bulk vessels, the m/v Sideris GS.According to a press release from the global shipping company specializing in the ownership of dry bulk vessels, the gross charter rate is US$12,700 per day, minus a 5% commission paid to third parties, for a period until minimum October 15, 2020 up to maximum December 31, 2020. The charter is expected to commence on March 8, 2020.The “Sideris GS” is a 174,186 dwt Capesize dry bulk vessel built in 2006…

Taiwan accepted its first carbon neutral shipment of liquefied natural gas (LNG). State-owned CPC Corporation, a natural gas, and gasoline company in Taiwan announced receipt of LNG cargo from Shell.Nature-based carbon credits have been used to compensate the full carbon dioxide (CO2) emissions generated – from exploring for and producing the natural gas, to use by the final consumer.The cargo, which was delivered at the Yung-An LNG Receiving Terminal, will provide enough carbon neutral LNG to power nearly 150,000 homes for a year.Credits used for this deal are purchased from Shell’s global portfolio of nature-based projects, including the Katingan Peatland Restoration and Conservation Project in Indonesia…

Volvo Penta to power three hybrid and hybrid-ready ferries currently being built at GS Marine Production AS. GS Marine is currently building a new ferry for Faroe Island operator, Standfaraskip Landsins. This ferry will have a speed of 20 knots and be powered by two of Volvo Penta’s engines. The D13-700 IMO III engines have a power output of 515kW at 2,250 rpm and will be coupled with a Brunvoll hybrid control system – allowing the vessel to run on the engines or electric alone, and even both in unison.

The powerful 36 meter hybrid icebreaker tug Vilja was delivered to her Owner, Port of Luleå, on June 26th, 2019 at Gondan Shipyard in Spain. On July 4th, Vilja arrived in Luleå and the crew was very satisfied with the first sailing experience and tug performance on the journey home. The vessel will soon be used for ice management, firefighting and navigation aids service duties in the Port of Luleå, Sweden and will assist ships and conduct coastal towing in the northern sector of the Gulf of Bothnia.Vilja is a 36 meter TundRA 3600–H, Icebreaking Escort Tug designed by Robert Allan Ltd.

American multinational energy corporation Chevron signed a new sales and purchase agreement with South Korean oil refiner GS Caltex Corporation for the delivery of liquefied natural gas (LNG) to South Korea.As a joint venture between Chevron and GS Energy, GS Caltex has signed a long-term agreement and will begin receiving LNG in October 2019, said a press release from the U.S. oil and gas major.Chevron’s President of Global Gas, Hugh Connett stated the agreement is another indication of the significance of the long-standing relationship between Chevron and GS Caltex.“We’re proud of our partnership with GS Caltex and we welcome this opportunity to build on that relationship by supplying LNG to South Korea’s growing market…

The Department of the Navy (DoN) Forum for SBIR/STTR Transition (FST) will be held April 10-11, 2019 at the Tsongas Center in Lowell, Mass., co-hosted by the UMass Lowell Research Institute (UML RI).Lowell’s heart and soul is innovation. It’s a city where some of the first major textile mills opened in the mid-1800s, triggering America’s industrial revolution. Today Lowell is situated in one of the nation’s largest technology clusters. UML RI, located near Hanscom AFB in Lincoln, Mass., is emerging as a leader in bridging the gap between research and solutions that change people’s lives and provide world-class, cutting-edge technology to our warfighters.“This is a significant area for technology and innovation,” said Matthew McSwain, UML RI’s executive director.

South Korean container line Hyundai Merchant Marine (HMM) has named its new very large crude carrier (VLCC) at the Daewoo Shipbuilding & Marine Engineering (DSME).The 300,000 dwt vessel was named the Universal Leader during the ceremony held at DSME’s Okpo shipyard in Geoje on January 29, 2019.About 100 distinguished guests attended the ceremony including C.K. Yoo (President & CEO of HMM), Ho Seon Hwang (President of Korea Ocean Business Corporation(KOBC)), and Sung Leep Jung (President & CEO of DSME).Additionally, Mrs. Jang Mi No, Mr. Hwang’s wife, took on the role as godmother who cut the ropes to officially name the ship during the ceremony.

Oman Shipping Company (OSC) is reporting strong performance in domestic markets following long-term deals with local refineries and traders including ORPIC and OTI.OSC’s growth in the region is being driven by a 20-year contract to transport condensate for ORPIC (Oman Oil Refineries and Petroleum Industries Company) and a 15-year deal transporting methanol for OTI (Oman Trading International) from Salalah Methanol plant.The company is further supporting the export of LPG from Sohar Refinery to Yemen, Sudan, India, Bangladesh and Sri Lanka.

Diana Shipping  announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Berge Bulk Shipping Singapore, for one of its Capesize dry bulk vessels, the m/v Sideris GS, for a period until minimum December 15, 2019 up to maximum March 30, 2020.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$8,500 per day for the first 30 days of the charter period and US$15,350 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties.The charter commenced on November 15, 2018. The m/v Sideris GS was chartered…

Aqualis Offshore has completed the jacket installation engineering of an 1800T steel jacket structure offshore Bahrain as part of the Bahrain LNG Import Terminal. Aqualis Offshore, part of Oslo-listed Aqualis ASA, delivered the project in cooperation with APMC, who were in charge of the transportation and installation contract on behalf of its EPC contractor client, GS E&C. Aqualis Offshore was contracted by GS E&C to provide loadout, transport and offshore installation of the jacket. Aqualis Offshore’s scope of work provided full engineering services related to the loadout,transportation and float off operation, towing, positioning, lowering to the seabed and buoyancy tank removal, including all marine procedures. The offshore installation was executed in May 2018.

South Korean shipping firm Korea Line Corporation (KLC) has placed an order for two new very large crude carriers(VLCC) at country's biggest yard, Hyundai Heavy Industries (HHI), and the company will explore further collaborations with the country's shipbuilders. According to Yonhap news agency, the new VLCCs are expected to have been delivered by the  2020. The total amount of the agreement will amount at 185.6 billion won (US$173 million). The carriers, which can hold 300,000 tons of crude oil each, will be used in transporting petroleum for GS-Caltex Corp., the second-largest refiner in South Korea, the report said, quoting Korea Line. The company recently signed a long-term deal with GS-Caltex to ship crude oil.

South Korea’s leading sea carrier Hyundai Merchant Marine Co. (HMM) has signed a financial contract with Korea Shipping and Maritime Transportation to build five 300,000-ton very large crude carriers (VLCCs), said a report in Business Korea. HMM has secured $420 million (470 billion won) through a state shipbuilding subsidy funding program, it said. The order has already been placed with local shipyard Daewoo Shipbuilding and Marine Engineering (DSME) September last year. The financial support program consists of 60 percent of unsubordinated investment and 40 percent of subordinated investment. HMM participated in subordinated investment with 47 billion won (US$43.56 million), 10 percent of the total shipbuilding contracted price.