Egypt Gets FSRU from BW Gas
Norway-based BW Gas will provide Egypt with a liquefied natural gas (LNG) floating import terminal under a five-year contract. This comes as as the North African country's government grapples with energy shortages. "BW has been selected by The Egyptian Natural Gas Holding Company (EGAS) to provide LNG regasification services utilizing a Floating Storage and Regasification Unit (FSRU) in Ain Sokhna, Egypt," said a statement from the company.
India: Negative Outlook on Shipping Sector
India Ratings and Research (Ind-Ra) has maintained a negative-to-stable outlook for the shipping sector for the current financial year. The agency expects the performance of dry bulk and container operators to continue to be affected by weak global trade growth and persistent overcapacity, while the offshore segment will face the negative impact of lower crude oil prices. The agency, however, believes that the tanker segment…
Chinese Slowdown Hitting Container Shipping
The slowdown in China’s economy poses some risks for container shipping, according to Drewry Maritime Research. According to a new report from Drewry Shipping Consultants Ltd, the risks from a slowdown in Chinese consumption to container shipping are far smaller than for the dry bulk sector, but they are not inconsiderable and will contribute to slowing world box growth. Container-shipping lines, already concerned about demand from struggling economies in Europe and many emerging markets…
Bergeron to be Keynote Speaker at SHIPPINGInsight
Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry (LISCR), has agreed to serve as a keynote speaker at the SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition, which takes place in Stamford, Conn., Oct. 13-14. Bergeron joins four other distinguished keynoters at the annual maritime technology event. He will lead off the roundtable on “The Role of Class & Flag” in the “Efficient Ships” session on Tuesday, Oct. 13.
Coast Guard Monitors Oil Recovery Ops near Bayonne, NJ
Coast Guard crews are continuing to monitor oil recovery operations (ORO) in the water near the International-Matex Tank Terminal (IMTT) Bayonne, New Jersey, Monday. Watchstanders at Coast Guard Sector New York received notification at approximately 10 p.m. Saturday from IMTT crewmembers of an oil spill as a result of an allision between a tug and a fuel terminal pier. The Coast Guard immediately launched members from the Sector New York Pollution Response Team to investigate.
First Italian Port To Deploy 23 Rw Gantry Cranes
La Spezia Container Terminal (LSCT), Contship Italia Group’s flagship gateway to Northern and Central Italy, Southern Europe and beyond is the first Italian regional container terminal to deploy supersized gantry cranes to operate both ships of today and tomorrow. Initially contracted in November 2013, two brand new 23 row gantry cranes arrived on site at the end of March this year for final assembly and commissioning.
El Nino Onset May Impact Panama Canal Drafts
The Panama Canal Authority closely monitors the water levels of Gatun and Alhajuela lakes on a regular basis due to the importance that these resources have for transit operations. With the onset of the 'El Nino' phenomenon, great efforts have and are being invested in forecasts and estimates of the possible impact this weather phenomenon might have in Panama Canal operations. Additionally, the Panama…
Koole Expands Rotterdam Operations
Koole Terminals has begun operations at the storage facility for petrol and diesel in Pernis that it recently acquired from BP. The companies have a long-standing relationship. The newly acquired terminal is adjacent to the existing Koole terminal. The acquired terminal has a capacity of 200,000 cubic metres. It has its own jetty for sea-going vessels and a loading station for tankers. The terminal is connected to the BP refinery in Europort by pipeline.
NYK Hosts Safety Conference
Over three dates in July, NYK hosted a safety promotion conference for shipowners and ship-management companies at the NYK head office in Tokyo and at Imabari city in Ehime prefecture. This conference is held every year as part of the “Remember Naka-no-Se” safety campaign, which draws on the lessons learnt by the Diamond Grace oil spill in July 1997 to encourage all NYK Group employees to bear in mind the importance of safe operations.
FMC Collects $1,227,500 in Penalties from NVOCC's
Federal Maritime Commission Chairman Mario Cordero announced that the Commission has completed compromise agreements recovering a total of $1,227,500 in civil penalties. The agreements were reached with seven non-vessel-operating common carriers (NVOCCs) and one vessel-operating common carrier (VOCC). The agreed penalties resulted from investigations conducted by the Commission’s Area Representatives in New York and Seattle, and headquarters staff in Washington D.C.
LNG Ferry Construction for Tallink Begins
The start of production of Tallink's new generation LNG powered fast ferry for the Tallinn-Helsinki route was celebrated on the 4th of August 2015 at Meyer Turku shipyard. The new ferry will be approximately 212 metres in length with a gross tonnage of 49 000. The ship will operate on the route between Helsinki and Tallinn and she is designed for carrying 2800 passengers. The service speed is 27 knots. The ship will be delivered from Meyer Turku in the beginning of 2017.
Latest USCG Cutter At Boston Harbor
The Coast Guard’s latest 418-foot National Security Cutter James (WSML 754) entered Boston Harbor August 3, 2015. The James is the fifth of eight planned National Security Cutters – the largest and most technologically advanced class of cutters in the Coast Guard’s fleet. The cutters’ design provides better sea-keeping, higher sustained transit speeds, greater endurance and range, and the ability to launch and recover small boats from astern…
Asian Nations Call for Stop to South China Sea Land Work
Calls grow for China to halt land reclamation. Southeast Asian countries on Tuesday backed a U.S. call to halt land reclamation in the South China Sea, underlining…
S.Africa Considering Ship-Based Power Generation
South Africa could deploy power barges using gas to generate electricity to help overcome chronic supply shortages, a senior government official said on Tuesday.
Pressure for Australia Sub Deal Grows
Australia to spend A$65 bln on ships and subs over 20 years; PM pledges A$40 bln for domestic shipbuilders. Australia will spend A$89 billion ($65 billion) on ships…
SKANReg Recruits UK Ship Register's Mazumdar as CEO
After four groundbreaking years as head of the UK Ship Register (UKSR), Debasis Mazumdar is moving on to become CEO of the London-headquartered St Kitts & Nevis International Ship Registry (SKANReg), with a mission to drive further growth for the ambitious ten-year-old Caribbean flag state. He succeeds Nigel Smith in the role from August 10 and will also take over from him as International Registrar after a familiarization period of three months.
FURUNO of Japan Increases Investment in ENL
ENL Group and FURUNO Electric Co. Ltd of Japan have announced that FURUNO has increased its investment into the New Zealand company to a total of 29.5%. The new level of investment is an increase from the initial 10% announced in July 2014. ENL, founded in 1945, has an impressive and unbroken 70-year history in the marine electronics industry. The company has also represented FURUNO in the New Zealand market for over 50 years.
CME Lifts Force Majeure for all Illinois River Grain Terminals
CME Group has lifted its declaration of force majeure at all Illinois River terminals that are regular for Chicago Board of Trade corn and soybean futures delivery…
ISS Announces CEO Transition
Captain Claus Hyldager yesterday decided to step down as the Chief Executive Officer of Inchcape Shipping Services (“ISS”). The current Chief Financial Officer, Chris Whiteside, has been appointed as acting Chief Executive Officer. Captain Claus Hyldager is now serving a period of garden leave and will assist with an orderly handover. A special committee of the ISS Board will oversee the search for a permanent CEO with the assistance of a leading executive search firm.
Marad Visits TX Maritime Technology & Training Center
United States Maritime Administration tours Maritime Technology and Training Center site. Administrators from the United States Maritime Administration (MARAD), along with staff from United States Senators John Cornyn and Ted Cruz, recently visited the construction site of the Maritime Technology and Training Center, where they received a glimpse of one of the region's only waterfront campuses being…