Wärtsilä Nacos Platinum for Four Cruise ships
Wärtsilä has been awarded the contract to supply a broad range of integrated automation, navigation and dynamic positioning equipment, as well as the complete uninterruptable power systems (UPS) for four new cruise ships. Two of the vessels are being built at the Meyer Werft shipyard in Papenburg, Germany, while the other two vessels are to be built at Meyer Turku in Finland. The contract with Wärtsilä was signed in the second quarter of 2016. The Wärtsilä Nacos Platinum system comprises 12 multifunction workstations for combined displays of ARPA radar…
Seaspan CEO: Hanjin Fallout Is Like Lehman for Shipping
Seaspan Corp chairman and ceo Gerry Wang has described the bankruptcy of South Korea’s biggest container line Hanjin Shipping Co as the industry’s equivalent of the Lehman Brothers collapse that triggered the global financial crisis, reports Bloomberg. “The fallout of Hanjin Shipping is like Lehman Brothers to the financial markets,” Wang said. “It’s a huge, huge nuclear bomb. In an interview on Bloomberg TV Wang, who is founder of Seaspan, the Hong Kong-based container-ship leasing company that has three vessels chartered to the distressed line…
Coal's Cost Advantage over LNG Slipping
Thermal coal has been one of the commodity success stories this year, but there is a risk that it becomes a victim of its own success by eating into its advantage over liquefied natural gas (LNG) in generating electricity. The benchmark Australian thermal coal price, the Newcastle Index, rose to $70.76 a tonne in the week to Sept. 16, its highest in 18 months and taking its gain since the start of the year to almost 40 percent. In contrast, the price of spot LNG in Asia <LNG-AS> was $5.60 per million British thermal units (mmBtu) on Sept. 16, down almost 19 percent from the end of last year.
Port of Antwerp Gets Nuke Detectors
Arktis Radiation Detectors was selected to supply radiation portal monitors and mobile detection systems to the Belgian Government, for use at the Port of Antwerp. Under the contract, which has been let by the Belgium Ministry of Finance, Arktis and partner Bavak - Arktis’ exclusive distributor for the Benelux Region - will supply the port with radiation detection equipment for the largest capacity container terminal in Europe, located at the Left Bank in the Port of Antwerp.
IMRF Launches Children’s Lifejacket Campaign
Lifejackets have been donated by ActionAid to the International Maritime Rescue Federation to send to the Mediterranean to help adults and children who need rescuing on a daily basis. The 300 lifejackets – 150 for adults and the rest for children – will be sent to Sea-Watch in Malta who are performing rescues and who are in desperate need of lifejackets for children and babies. To boost the supply of lifejackets an online fundraising campaign to ‘keep children afloat in the Mediterranean’…
Corvus Energy to Power UK Hybrid Ferry
Corvus Energy Inc. has announced that Wärtsilä, provider of ship machinery, propulsion and maneuvering solutions, has selected Corvus Energy as the supplier of the lithium ion based energy storage system (ESS) for a new hybrid ferry being built for UK based Wightlink Ferries. Corvus Energy will supply its Orca Energy ESS solution to compliment a comprehensive range of modern Wärtsilä equipment and systems, which will deliver industry leading environmental efficiency with this new vessel. The new ferry, entering into service in 2018, will serve the crossing between the Isle of Wight and the English mainland 20 times per day, holding up to 178 vehicles and over 1000 passengers.
Shell Loads First LNG Vessel at Gate Terminal
Shell loads first LNG vessel, using new LNG fuel infrastructure at Gate terminal. The new LNG fuel infrastructure included the construction of a new berth. This new berth has now started operations. The loading of Shell’s chartered LNG vessel, the Coral Methane happened on September 19th. In July 2014, Shell took the Final Investment Decision to buy capacity at the Gas Access to Europe (Gate) terminal, which enabled the investment in new, dedicated liquefied natural gas (LNG) fuel infrastructure. The new LNG fuel infrastructure included the construction of a new berth.
Oil up 2%
Oil prices were up as much as 2 percent on Wednesday after a third surprise weekly drop in U.S. crude stockpiles helped assuage fears over a global oil glut. Oil was also supported by an industry strike in Norway that threatened to cut North Sea crude output and a weaker dollar ahead of a Federal Reserve policy announcement at 2:00 p.m. EDT (1800 GMT), where the central bank was expected to keep U.S. interest rates unchanged. The U.S. Energy Information Administration (EIA) said crude inventories fell 6.2 million barrels last week, versus a 3.4 million-barrel drop forecast in a Reuters poll. Crude stocks in the United States, the world's largest oil consumer, have fallen since 14.5 million barrels were drawn in the week to Sept.
Statoil to Supply Small-scale LNG to Baltics
Norway's Statoil will supply small-scale liquefied natural gas (LNG) to terminals in the Baltic Sea through Lithuania's Klaipeda LNG terminal, a company official said on Thursday. The move comes after the energy firm signed an agreement on Thursday with Litgas and Lietuvos Duju Tiekimas, gas trading subsidiaries of Lithuanian state-owned energy group Lietuvos Energija, to balance the gas supplies at the Klaipeda terminal. "If I'm sitting here in five years and this is a success story, I hope that we are churning three to five conventional cargos annually into this market", Statoil's head of LNG operations Ingvar Skogseide told reporters. Reporting by Andrius Sytas
Maersk Line's Improves Asia-West Coast South America network
Maersk Line's new and improved Asia-West Coast South America network gives an optimised service to Chile and Peru with faster transit times and direct connections. It also offers a new service with fast and direct connection to South Asia, the company said in its press release. Dean Rodin, Maersk Line Head of Latin America & Oceania trades introduced the improve AC network, between Asia and West Coast South America in a video supplied by the company. Maersk Line gives faster, more consistent services that bring Asia and West Coast South America closer together.
Construction of Stockholm Norvik Port Begins
The start of construction of the Stockholm Norvik Port and Norvik Logistics and Business Park was celebrated on 16th September. The ceremony was a well-attended and festive event for both commerce and the general public. Stockholm is one of Europe’s most rapidly growing capital cities and freight volumes are constantly increasing. To facilitate the sustainable and efficient supply of goods to the region Ports of Stockholm is building a new port for rolling goods and container traffic at Norvik, close to Nynäshamn.
Hamburg Süd Receives Gold Rating from EcoVadis
Hamburg Süd has been awarded gold, the highest-possible recognition level, for its evaluation completed in July 2016 by the supply chain sustainability network EcoVadis. The scorecard provided by independent sustainability expert EcoVadis indicates that Hamburg Süd has achieved advanced sustainability management practice. Hamburg Süd received an above-average rating in all categories. In the category “Environment,” Hamburg Süd even set a new benchmark in the industry sector “Sea and coastal water transport” with the high score of 90 points.
MacGregor Bags 7 Middle East OSV Contracts
MacGregor, part of Cargotec, has won comprehensive equipment package contracts for a variety of seven specialist support vessels that will operate in the Middle East region. MacGregor will deliver deck cranes and a range of deck machinery to each vessel. The order is booked into the third quarter 2016 order intake. "These orders are a good demonstration of MacGregor's ability to deliver a one-stop-shop solution, using products from across our range of market-leading brands. All backed-up by good global aftersales and service support…
IMO Joins Kenya’s World Maritime Day Celebrations
Kenya has marked this year’s WorldMaritimeDay with celebrations held in Mombasa, Kenya (20 September). International Maritime Organization (IMO)’s Juvenal Shiundu delivered a goodwill message on behalf of IMO Secretary-General Kitack Lim, reiterating this year’s World Maritime Day theme – “Shipping: indispensable to the world” – which emphasizes that maritime transport is the backbone of international trade, supplying people all over the world with the commodities, fuel, goods and products that they depend on.
Hamburg Süd is Ocean Supplier of the Year
In August 2016, CEVA Logistics honored Hamburg Süd with the Ocean Supplier of the Year award for 2015. CEVA is one of the world’s leading non-asset-based supply chain management companies. Hamburg Süd was recognized for its strong global relationship with CEVA in combination with its dedication to ongoing operational excellence. “This award is in recognition of Hamburg Süd’s exceptional carrier services at a global and local level. The line has reinforced CEVA’s commitment to…
S.Korea: Hanjin Cash, Parent Support Should Cover Offloading Fees
Cash from top shareholder, executives should cover offload costs. South Korea's government said cash held by Hanjin Shipping Co Ltd and funds pledged by its parent group should meet the costs of unloading some $14 billion in cargo stranded on vessels operated by the troubled container line. The collapse of South Korea's biggest shipping operator late last month has plunged the shipping industry into chaos ahead of the crucial year-end holiday shopping season as dozens of vessels and their crews wait for money needed to pay for port and handling fees.
Shipping Confidence on the Rise -Moore Stephens
Shipping confidence, notably on the part of charterers and managers, improved for the second successive quarter in the three months to end-August 2016, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. In August 2016, the average confidence level expressed by respondents was 5.4 on a scale of 1 (low) to 10 (high). This is an improvement on the 5.1 recorded in May 2016, and the highest rating for the past nine months of the survey, which was launched in May 2008 with a confidence rating of 6.8.
A&P to Partner with GEA for BWTS
GEA and A&P Group have signed a Memorandum of Understanding (MoU) regarding a cooperative partnership for the promotion of the ballast water treatment system GEA BallastMaster marineX at the marine trade fair SMM in Hamburg, Germany. The MoU with A&P Group covers the complete requirement from vessel survey, supply, installation, commissioning and service of the GEA BallastMaster marineX system by A&P Group. The newest version of the system as just released, features an in-line driver design, incorporated junction box and increased power supply range.
Dryships Announces Deleveraging Transaction
DryShips Inc., owner of drybulk carriers and offshore support vessels, announces deleveraging transaction and vessel sale. It has reached an agreement with Sifnos Shareholders Inc. "DryShips has reached an agreement with Sifnos to convert $8.75 million of outstanding principal amount under the previously announced Secured Revolving Facility Agreement (Revolver) to 3.5 million preferred shares.," says a press statement. Each preferred share will have 100,000 votes. In addition, Sifnos has agreed to provide a 90 day waiver of any defaults under its Revolver.
Terex Floating Cranes for Open Sea Get Approval
Terex Port Solutions (TPS) has obtained design approval for Terex Gottwald Model 8 floating cranes in the G HPK 8200 B four-rope grab variant operated on the open sea. This was necessary because the Lloyd's Register Code for Lifting Appliances in a Marine Environment has changed since the initial approval of the machines in 2007. The design of the crane, which offers an outreach of maximum 50 m, a 63 t grab curve and lifting speeds of up to 140 m/min, has also been completely reworked in the meantime and adapted to the current Model 8 series standard.
New Global Brand for LNG Bunkering: Gas4Sea
ENGIE, Mitsubishi Corporation and NYK Line have launched Gas4Sea, a new brand for their joint marketing of liquefied natural gas (LNG) as a marine fuel around the world. Gas4Sea aims to lead innovation through the ship-to-ship supply of LNG for the maritime sector. In 2014, ENGIE, Mitsubishi Corporation and NYK concluded a framework agreement for a partnership to develop LNG bunkering services. By combining NYK’s shipping expertise with ENGIE and Mitsubishi Corporation’s LNG supply portfolio and terminal access under the brand Gas4Sea, the partners will offer a cleaner, reliable, safe and cost-effective service to shipping customers worldwide. Through their experience in their respective businesses, they will be able to tailor their LNG supply chains to the customers’ needs.
Founded in 1958, self-lubricated polymer bearings and bushings manufacturer VescoPlastics produces a proprietary range of bushings, bearings and wear plates that operate in dusty, dirty or wet conditions and last longer than other products on the market. VescoPlastics has warehouses in South Africa, the UK, the US, the Netherlands and New Zealand, with stocking distributors in Argentina, Australia and Singapore. VescoPlastics is the oldest operating manufacturer of engineering plastics materials in Africa.
Industry Collaborates for LNG Bunkering Study
Lloyd’s Register (LR), Hyundai Heavy Industries (HHI) and Hyundai Mipo Dockyard (HMD) have signed a joint development project (JDP) to produce a ship-to-ship LNG bunkering compatibility study. This will comprehensively review the design requirements between 6.6K LNG bunkering ships and 14K TEU LNG-fuelled container ships with the goal of verifying safe ship-to-ship LNG bunkering. The study aims to help all stakeholders with interest in LNG as fuel to envisage a clear picture of possible options for LNG supply infrastructure.