First LNG-fuelled Bulker as per DNV GL New Rule Set
ESL Shipping’s new dual-fuelled bulk carriers will not only be the first large LNG-fuelled bulkers, but the first vessels constructed to the new DNV GL rule set, the classification society announced. Due for delivery in early 2018, the two 25,600 dwt vessels are optimized for trading in the Baltic Sea region. “It is fitting that the first vessels that will be constructed to the most forward looking set of classification rules are themselves at the cutting edge of maritime innovation…
BBC Chartering Opens Office in London
BBC Chartering announces the opening of a new representative office in London, United Kingdom, starting immediately. “We continue to strengthen our position at important shipping hubs for breakbulk, heavy lift and project cargo”, said Svend Andersen, CEO of BBC Chartering. The London branch is the second location of BBC Chartering in the UK and closely cooperates with the existing representative office in Liverpool. Ms.
LOC Launches Global H&M Service
Leading international marine and engineering consultancy LOC has launched a new Hull and Machinery (H&M) service. The service will be offered group-wide, with specialist support from LOC’s main offices in London, Dubai, New York and Singapore. LOC already offers an extensive range of marine services and supports all aspects of marine transportation and marine construction. The new H&M service will provide 24/7 marine casualty response support…
Krishnapatnam Port Led Consortium to set Up LNG Terminal
Krishnapatnam Port Company inks agreement with Government of Andhra Pradesh and Petrogas Pvt. Ltd. Krishnapatnam, India’s largest; all weather, deep water port on the east coast of the country in the Nellore district of Andhra Pradesh on Monday said that it has signed a memorandum of understanding (MoU) with Petrogas Pvt. Ltd. and the Government of Andhra Pradesh for setting up a LNG Regassification Terminal. Petrogas will commit a direct investment of Rs.
BCT Upgrades Intermodal Facility
Baltic Container Terminal (BCT) in Gdynia, Poland recently completed its railway terminal modernization project last December. Part of BCT’s largest investment program, the modernization project was carried out in partnership with the Port of Gdynia Authority and was backed by the European Union Cohesion Fund under the Operational Programme Infrastructure and Environment. With the project complete…
Jim Miller Nominated Chairman of Philly Shipyard
Philly Shipyard ASA (Oslo: PHLY) announced that Jim Miller has been nominated to be Chairman of the Board of Directors of Philly Shipyard. Mr. Miller previously held this role from 2011 until 2014. This nomination is expected to be approved at an extraordinary general meeting on February 1, 2016. Kristian Rokke, CEO of the Norwegian investment company Akastor, is stepping aside as Chairman of the Philly Shipyard Board.
Warro-5 flows Gas Testing to Start
Transerv Energy informed that fracture stimulation work has been successfully concluded at the Warro-5 well in WA’s Mid-West. The Warro-5 and Warro-6 wells are now being completed in preparation for long term gas testing. Warro-5 stimulation operations were completed on 7th January and all the equipment is now being demobilized from site. The final, second stage at Warro-5 resulted in the 305,000 pounds (138,400kg) of proppant being placed in the gas reservoir.
Vard Brazil Shipyard Makes First Delivery
Vard Holdings Limited, a global designer and builder of offshore and specialized vessels, has delivered its first vessel from the group’s newest shipyard, Vard Promar in Brazil, on January 8, 2016. The vessel, a 7,000 m3 fully pressurized Liquefied Petroleum Gas (LPG) carrier, is the second in a series to be delivered to Petrobras Transporte S.A. (Transpetro), and the first to be built entirely at and delivered from Vard Promar.
CMA CGM Keeps Buying NOL Shares
French liner giant CMA CGM has acquired last week a total of 2.26 million shares in Neptune Orient Lines (NOL), six months before it is scheduled to make good its S$3.4 billion takeover bid for the Singapore-listed liner, reports Business Times. It acquired 1.33 million (0.05 per cent stake) at $1.233 apiece) and 930,700 shares (0.04 per cent) at S$1.235 each on Jan 4 and Jan 5 respectively. This information…
CMA CGM Upgrades FAL 1 Service, New Direct EB Call at Shanghai
CMA CGM has announced that a new direct EB call at Shanghai, the first container port in the world, is to be introduced on the rotation of its FAL 1 service ex-North Europe. Starting in Southampton on January 11th, 2016 with m/v CMA CGM KERGUELEN voy. CMA CGM will of course continue providing its clients the most complete offer on the market, especially on the Asia-Europe trade thanks to the complementarity of its FAL services.
Piracy Surges in South East Asia
The surge of piracy in South-East Asia waters continues as ships passing the Straits of Malacca and Singapore are falling victim to acts of piracy, says Clyde & Co. Whilst Singapore, Indonesia and Malaysia operate anti-piracy patrols in the area, it has limited resources. The sheltered coast and islands also makes it easier for robbers to operate. As piracy rampages on, Indonesia and Malaysia has taken efforts to jointly increase security.
Oceans Beyond Piracy Lists 3 Priority Areas
Oceans Beyond Piracy (OBP) remains committed to three priority areas that will guide our efforts in the coming year, says a press release from the company. First - a comprehensive solution to maritime piracy requires an inclusive, long-term approach. We believe that the transparent, cross-sector approach, demonstrated by the Contact Group on Piracy off the Coast of Somalia, has proven successful. This…
U.S. Questions Chinese Submarines on Anti-Piracy Missions
U.S. Pacific Fleet Commander, Admiral Scott Swift questioned the motive behind China deploying submarines for anti-piracy operations in the Indian Ocean, reports PTI. The comments come in the backdrop of India’s growing concerns over rapid expansion of Chinese maritime capabilities and creation of facilities in the Indian Ocean region to support its forces. “It’s hard for me as a maritime commander to understand how can a submarine support anti-piracy operations?”, he said.
Tanker Rates to Remain Under Pressure
The reduction in the new 2016 Worldscale flat rates of Very Large Crude Carriers (VLCC) has led to spot rates increasing as owners look for equivalent 2015 returns, says tanker market assessments from the Baltic Exchange. Thus we are now seeing rates for long east of around WS 107.5/110 on 270,000 tonnes with rates to the US Gulf hovering in the very low WS 60s. Brokers are saying rates remain under pressure here as charterers work quietly and for those who can take either new-buildings…