Hyundai Heavy Bags LPG Storage Tank Deal in Nigeria
Hyundai Heavy said it plans to start to build the tanks in May and is set to deliver the tanks to Nigeria's Dangote Oil Refining Company, Africa's largest refinery, beginning in April 2019. The 15 cylindrical tanks - each being eight meters in diameter and 95 meters in length - can hold 75,000 cubic meters of LPG, according to Hyundai Heavy. The 15 gas cylinders w ill be installed at Dangote Oil Reining’s refining and petrochemical plant near Lagos in southwestern Nigeria.
Hamburg Süd Adds 8,000 New Containers
More than 8,000 brand new containers with the distinctive red exterior paint and white lettering Hamburg Süd have been delivered by the container factory of Maersk Container Industry (MCI) in the Chinese city of Dongguan. The 40’ high cube standard Hamburg Süd containers which have been built since mid-January are coated with a special water-based, environmentally friendly paint. The batch of new boxes is one part of a larger container order by Maersk Line and has now been delivered.
Yang Ming Marine Offers Korea-Vietnam-Thailand Service
Taiwan-based ocean shipping company Yang Ming Marine Transport Corporation announcesdthat it will provide Korea-Vietnam/Thailand service (KVX) as of March 7th, 2018. The calling port rotation of KVX service is: Incheon–Ulsan–Busan–Shekou–Ho Chi Minh–Laem Chabang–Bangkok–Laem Chabang–Ho Chi Minh–Incheon. With the new KVX service and the existing CT2 service, YM will provide customers with more convenient and reliable services between Korea, Vietnam and Thailand.
US Lays Keel onits 21st Littoral Combat Ship
The Lockheed Martin (LMT)-led industry team officially laid the keel for the U.S. Navy's 21st Littoral Combat Ship (LCS), the future USS Minneapolis-Saint Paul, in a ceremony held at Fincantieri Marinette Marine in Marinette, Wisconsin. Ship sponsor Jodi Greene completed the time-honored tradition and authenticated the keel by welding her initials onto a steel plate that will be placed in the hull of the ship.
Diana Shipping Reports Loss for 4Q
Greece-based Diana Shipping inc. (DSX) has reported a loss of $436.9 million in its fourth quarter. The net loss attributed to common stockholders of $438.4 million for the fourth quarter of 2017, including a $422.5 million impairment loss. Time charter revenues were $48.9 million for the fourth quarter of 2017, compared to $28.0 million for the same quarter of 2016. The increase in time charter revenues…
Teekay Offshore Partners Up on Revenue
Teekay Offshore Partners reported fourth quarter revenue at USD 295.7mln versus USD 274.9mln year ago, registering a growth of +7.6% YoY basis. “During the fourth quarter of 2017, we generated higher cash flow from vessel operations driven mainly by the delivery and contract start-up of two of our growth projects combined with lower G&A expenses," commented Ingvild Sæther, President and CEO of Teekay Offshore Group Ltd.
First Women in Maritime Taskforce Meeting Held
UK Maritime Minister Nusrat Ghani MP joined the first meeting of maritime sector's new Women in Maritime Taskforce, demonstrating government support for the initiative. At the meeting she said: “This task force will be crucial in opening up the wealth of career opportunities in the maritime industry to women around the country. “The UK has one of the most competitive maritime sectors in the world and with only 3% of the workforce being women…
Hyundai Merchant Marine Crosses 10,000 TEU in US Premium Service
South Korea's Hyundai Merchant Marine (HMM) said that its handling volume of US Premium Service reached over 10,000 TEU as of the end of January. Since May last year, HMM has provided US Premium Service in PS1, PS2, and PN2 routes connecting Asia main ports with US west coast including Los Angeles and Tacoma etc. With the Asia-US West Coast Premium service, customers can secure reliable cargo loading space even in the peak season and have priority to discharge their cargoes at the destination.
GD Electric Boat Wins Funds for Future Sub R&D
General Dynamics Electric Boat, Groton, Connecticut, is being awarded $8,788,219 for cost-plus-fixed-fee modification P00023 to previously awarded contract (N00014…
Oil from Sunken Tanker Sanchi Reached Japan's Shores
Oil that reached islands in southern Japan earlier this month is highly likely to have come from the sunken Iranian tanker Sanchi, the Japan Coast Guard said on Thursday. Samples of oily matter that washed up on Feb. 8 on the shores of the Okinoerabu and Yoron islands in the Amami chain were found to be linked to the Sanchi's sinking, the Coast Guard said. The Sanchi sank on Jan. 14 after colliding with a freighter on Jan. 6 in the world's worst oil tanker disaster in decades.
Borr Drilling Buys Paragon Offshore
Offshore rig firm Borr Drilling, controlled by Norwegian investor Tor Olav Troeim, is proposing to buy its rival Paragon Offshore for $232.5 million in a push to consolidate the fragmented rig market, it said on Thursday. A plunge in oil prices in 2014 forced oil firms to cut back on offshore exploration, reducing demand for drilling rigs at a time when new rigs ordered during the boom years were entering the market, pushing rates down to, or below, operating costs.
Iran Hints at Building Seaborne Nuclear Reactors
Iran has fired a diplomatic warning shot at Washington by raising the prospect of building nuclear reactors for ships while staying within the limits set by its atomic deal with major powers, a U.N. nuclear watchdog report showed on Thursday. U.S. President Donald Trump has long railed against the 2015 nuclear deal for reasons including its limited duration and the fact it does not cover Iran's ballistic missile programme.
Military to Maritime Digital Career Platform Launched
The American Maritime Partnership today announced the launch of the Military to Maritime digital career platform (www.militarytomaritime.org), which is dedicated to helping veterans find meaningful, family-wage jobs in the maritime industry while supporting America’s national and economic security. Building on the numerous Military to Maritime career fairs across the country, the enhanced digital platform connects veterans with career opportunities in the U.S.
Passenger Ferry Explodes at Mexico's Playa del Carmen
A ferry explosion at Mexico's tourist hot spot of Playa del Carmen left at least 14 injured on Wednesday (February 21) afternoon. Videos uploaded to social media showed emergency crews nursing injured people at the dock and people rushing for help. Local media reported the injured were transported to hospitals with no life-threatening wounds. The ferry was covering the route to Cozumel island. Local authorities said in a statement that the causes of the explosion are yet to be explained.
DP World Accuses Djibouti of Seizure of its Dorelah Port
Dubai-based port operator DP World accused Djibouti of illegally seizing control of Doraleh Container Terminal on Thursday, after the Djibouti government said it was unilaterally terminating DP World's contract to run the terminal. "The Government of Djibouti today illegally seized control of the Doraleh Container Terminal," DP World said in a statement. It said the company had commenced arbitration proceedings in London to protect its rights. Reporting by Katie Paul
IMO to Ban Many Ships with High Sulphur Fuel from 2020
The International Maritime Organization intends to ban ships that do not have equipment to strip sulphur from carrying fuel that has a sulphur content above new limits in 2020, an IMO official said on Thursday. The ban, which still has to go through two formal approval steps, was presented at IMO compliance meetings earlier this month. It would make enforcing the new limits on sulphur in shipping fuels significantly easier, cutting into the expected rule-breaking.
Nauticor Extends its LNG Supply Network
Nauticor has extended its liquefied natural gas (LNG) supply network for ships within the North Sea region and has now begun delivering to maritime customers in the Port of Rotterdam. The Dutch port is the latest location added to the firm’s LNG distribution network, adding to a growing portfolio of one of the leading suppliers of LNG as fuel for ships. The premier bunker operation by Nauticor in the Port of Rotterdam saw the containership Wes Amelie…
Steamship Mutual Opts for Dutch Hub as Brexit Hedge
British ship insurer Steamship Mutual plans to set up a new Dutch subsidiary to ensure continued access to trade in the European Union in case Britain loses single market access.
Baltic Index Hits Month-high
The Baltic Exchange's main sea freight index gained nearly 2 percent on Thursday to hit an over three-week high, buoyed by an improvement in activity across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 21 points, or 1.83 percent, at 1,167 points, its highest since Jan. 30. The capesize index gained eight points, or 0.47 percent, at 1,725 points.
Adventure Bound: Sunstone Ships Climbs to New Heights
Niels-Erik Lund began his passenger ship career in 1969 as a trainee in a Danish passenger shipping company, DFDS. In the nearly 50 years since, the passenger and cruise shipping industry has changed many times over, with consistent growth being the only similarity between then an now. Today Lund, President & CEO of Sunstone Ships, Inc., has an unfettered view of the expedition cruise sector that he helped to create.