Iran Grain Ships Stranded in Brazil due to U.S. Sanctions
Two Iranian vessels have been stranded for weeks at Brazilian ports, unable to head back to Iran due to lack of fuel, which state-run oil firm Petrobras refuses to sell them due to sanctions imposed by the United States.The vessels Bavand and Termeh came to Brazil a couple months ago carrying urea, a petrochemical product used as fertilizer. They were expected to load corn and return to Iran, but lacked enough fuel for the trip, the port operator in Paranaguá told Reuters.Food is not covered by U.S. sanctions, and Iran is one of the largest buyers of Brazil's agricultural commodities, importing more than 2.5 million tonnes of Brazilian corn so far this year — more than any other country.However, that trade is not usually carried by ships flying the Iranian flag.
HHI Bags $390mln Order for 2 LNG Carriers
South Korean shipbuilding giant Hyundai Heavy Industries (HHI) said it received an order to build two liquefied natural gas (LNG) carriers for an unidentified European shipping company.Yonhap news agency quoted the shipbuilder saying that the order is valued at 463 billion South Korean won ($390 million), bringing its total number of orders to five so far this year.The 180,000 cbm vessels, ordered by an undisclosed European owner, are scheduled for delivery by the end of June 2022.According to the report, the vessels will be equipped with Mark III Flex Plus technology that has a vaporization rate of 0.07 percent, reducing the daily evaporation of fuels.
Congress Approves Additional Funding for Houston Ship Channel Expansion Project
The U.S. in federal funding to continue a five-year, $511 million project to widen and deepen the Houston Ship Channel in order to accommodate larger ships, reduce shipping costs and improve Channel safety. "Congressman Tom DeLay's strong support for the Port of Houston Authority has been invaluable in making sure this crucial funding will be available to continue the Houston Ship Channel project," said Port of Houston Authority Chairman James T. Edmonds. for the Port. efficiency," added Edmonds. Congress authorized the expansion of the Houston Ship Channel in 1996. widen it from 400 to 530 feet began in 1998 and are expected to be completed by December 2003. will be available upon the President's approval of the Energy and Water Development Appropriations Act of 2002.
STX Shipbuilding Wins $266m Order
STX Shipbuilding Co. received a $266.7 million order to build six petrochemical product carriers, reportedly from a Hong Kong-based company. STX reportedly plans to deliver the tankers - which will have the capacity to load 51,000 tons of petrochemical products - by Sept. 2009. (Source: Dow Jones)
STX Shipbuilding Gets $266.7M Ship Order
South Korea's STX Shipbuilding Co. (067250.SE) said Wednesday that it received a $266.7M order to build six petrochemical product carriers. An STX spokesman said the South Korean shipbuilder won the order from a Hong Kong-based company, but declined to identify the company. STX will deliver the tankers - which will have the capacity to load 51,000 tons of petrochemical products - by Sept. 2009, the company said. Source: Dow Jones
STX Shipbuilding Gets $350M Order
STX Shipbuilding Co. of South Korea has received a $350 million order to build petrochemical product carriers from U.S.-based B&H Co. STX will build 12 46,000 dwt petrochemical product carriers and deliver them from the second quarter of 2005 to the U.S. company. STX Shipbuilding said this is its first contract with a U.S. company, a result of efforts to diversify its markets to include the U.S., besides Europe and Africa.
