Port of Rotterdam Ties Up with Bank of China
The Bank of China and the Port of Rotterdam Authority signed a Memorandum of Understanding aimed at strengthening relations between China and the Netherlands. Through this Memorandum, the Port of Rotterdam Authority and the Bank of China, one of the top five state-owned commercial banks, re-affirm their intention to build a long-term alliance. The two parties intend to work together on identifying…
US Port Projects Awarded $44.3 Mln in Grants
After evaluating 627 applications, 50 of which were from ports, for the FY 2015 Transportation Investment Generating Economic Recovery (TIGER) grants, U.S. Department of Transportation (USDOT) Secretary Anthony Foxx today announced 39 awards for $500 million in funding to be made in the seventh round of this multimodal, discretionary grant program. Of those, five awards totaling $44.3 million, or about 9 percent of total funding…
AlphaEye: Real-time Audio Visual Support
Alphatron Marine has introduced what it is calling “the next generation service communication tool”; AlphaEye aims to offer the capability to have an extra set of eyes “on board”, allowing for support specialists to be standing by 24/7 to solve any problem, globally and remotely. With AlphaEye, the crew on board can directly call through a dedicated communication link via satellite from 128kb, 3G or 4G to reach an expert in the Alphatron Marine office.
First US Shale Gas Exports to Sail into Oversupplied Market
When Cheniere Energy opened a new liquefied natural gas import terminal in Louisiana in 2008, a U.S. shale drilling boom quickly made it obsolete. Seven years on…
Wärtsilä JV Breaks Ground in China
CSSC Wärtsilä Engine (Shanghai) Co. Ltd (CWEC) celebrated the beginning of construction on its new 20,000 sq.m. factory with a groundbreaking ceremony on October 28 in Lingang, Shanghai. Following the groundbreaking ceremony, strategic cooperation agreements were signed between CWEC and the Hudong Zhonghua and Shanghai Waigaoqia (SWS) shipyards. According to Wärtsilä , these agreements will be instrumental…
Peaker Energy Building Texas Condensate-export Terminal
The first company to get U.S. government approval to ship minimally processed super-light oil to international markets is building its own export terminal on the…
Rolls-Royce to Power and Equip New DSV
Rolls-Royce informs it has signed a contract with Huangpu Wenchong Shipyard in China for a package of advanced ship equipment for a new 124-meter long Dive Support Vessel (DSV). The vessel will be designed by Skipsteknisk in Norway, and is to be delivered in 2017 to its owner, Singapore-based Jumeira Offshore Pte. Ltd. Under its contract with the shipbuilder, Rolls-Royce is to supply dynamic positioning (DP3)…
Yamal LNG Financing in Final Stages
A deal to raise financing for the Novatek-led Yamal LNG project in Russia is in its final stages, Chairman of Gazprombank, Andrey Akimov, told Reuters. Gazprombank is a co-lender to Yamal LNG on the Russian side, along with Sberbank. State development bank VEB has pledged $3 billion in banking guarantees to the project. Akimov said that Chinese lenders are set to provide $12 billion, Russian banks $4 billion, and export credit agencies are expected to put up another $4 billion.
Solar-electric Workboat Completes Maiden Cargo Run
Harnessing solar propulsion, the 39-foot vessel Solar Sal has recently completed the final leg of its maiden cargo run, carrying recycled cardboard along the Erie Canal without using a single drop of fossil fuel. Solar Sal traversed 72 locks and traveled a total of 650 miles across the state of New York, delivering four tons of cargo from Lockport to a paper mill in Mechanicville on its history-making journey. The vessel runs 8.3 mph on twin Torqeedo Cruise 4.0 electric motors.
NAT Adds Two More Tankers
Nordic American Tankers Limited (NAT) has taken delivery of the second of two Suexmax tankers recently purchased secondhand. The shipper announced in July that it…
Shanghai Port Logs Quarterly Profit Fall
Shanghai International Port Group Co Ltd, the operator of the world's busiest container port, reported its first fall in quarterly net profit in over a year, providing…
Risk Intelligence Launches PortRisk
Denmark-based security risk intelligence company Risk Intelligence has launched PortRisk, a service that aims to deliver comprehensive and reliable intelligence on risk in ports. PortRisk provides on-demand security information and threat, vulnerability and risk assessment covering countries, ports and cities. Together with the company’s existing maritime security intelligence tool, MaRisk, the services deliver intelligence for maritime planning, decision-making and operations.
Fishing Company Charged Over $1 Mln in Oil Spill Penalties
Tri-Marine Management Co., Tri-Marine Fishing Management and Cape Mendocino Fishing (Tri-Marine) have agreed to pay $1.05 million in civil penalties and to perform fleet-wide inspections and other corrective measures to resolve claims stemming from an October 2014 oil spill in American Samoa and related violations of spill prevention regulations, the Department of Justice and the Coast Guard announced today. In its complaint, filed today along with the lodging of a consent decree in the U.S.
Canada Investigating Leviathan II Sinking
Canada’s Transportation Safety Board (TSB) continues its investigation into the sinking of passenger vessel which killed at least five near Tofino, British Columbia, Sunday. Of the 24 passengers and three crew aboard the whale-watching tour boat Leviathan II at the time of the sinking, 21 people were rescued, five have died and one remains missing. Leviathan II is a three-deck cruiser operated by Jamie's Whaling Station and Adventure Centres.
Dry Bulk-Capesize Rates Could Slide Further
No sign of Q4 cargo rush; Capesize and panamax rates barely covering opex. Freight rates for capesize bulk carriers could slip further next week as too many ships available for hire weigh on the market despite reasonable cargo volumes, brokers said on Thursday. "There is no sign the market is going to be better - there are too many vessels," a Shanghai-based capesize broker said. Some owners try to…
Greece Searches for Migrants off Lesbos
Greek coast guard searching for 38 migrants off Lesbos. Four children, two men and one woman drowned and 38 migrants were missing after their wooden boat sank north of the Greek island of Lesbos…
Statoil to Explore Offshore S. Africa
Statoil has completed a farm-in transaction with ExxonMobil Exploration and Production South Africa Limited (ExxonMobil), acquiring a 35 percent interest in the ER 12/3/154 Tugela South Exploration Right. The remaining interests are held by the operator ExxonMobil (40%) and co-venturer Impact Africa Limited (Impact Africa) (25%). “This opportunity is in line with Statoil’s exploration strategy of access at scale.
Scandlines’ New Ferries All Set to Sail
Preparations for the forthcoming introduction of the two new Scandlines ferries for Gedser-Rostock are in full swing. All the Danish and German officers are currently completing their training in the company owned simulator in Puttgarden, Germany. Since 2011 all Scandlines’ nautical and dual officers have been able to train their skills internally in Puttgarden. Scandlines is therefore the only shipping company in Denmark with a company owned simulator.
15 Terex Straddle Carriers for Liverpool Terminal
Terex Port Solutions (TPS) has received an order for 15 diesel-electric Terex N SC 634 E straddle carriers from the British terminal operator Peel Ports Group Ltd (Peel Ports). Five of these machines have already been in use at the Peel Ports terminal in Liverpool since June this year, ten more will be delivered to the Liverpool port with commissioning scheduled for the fourth quarter of 2015. The…
Hong Kong - Daya Bay Yacht Race
A yacht race from Hong Kong to Daya Bay in the Mainland will take place on 30 October 2015 (Friday). About 60 yachts are expected to participate in the race. The race will start in the vicinity of Steep Island, Sai Kung at 1000 hours on 30 October 2015. Masters, coxswains and persons-in-charge of vessels navigating in the vicinity should proceed with caution, giving practical consideration to those contestants.