Abu Dhabi Puts Fujairah LNG Terminal On Hold
Citing sources familiar with the matter, Bloomberg reports that Abu Dhabi is delaying the construction of the UAE’s first land-based LNG import terminal after contracting a floating liquefied natural gas unit. The Abu Dhabi National Oil Company has secured the services of an FSRU due to commence operations later in the year. The vessel will reportedly be based at Ruwais, to the west of Abu Dhabi, where there is an oil refinery and crude-loading port.
China's CNOOC Expands Fujian LNG Terminal
China's biggest liquefied natural gas (LNG) importer CNOOC has started building two storage tanks at a receiving terminal in Fujian province for the super-chilled fuel, the official Xinhua news agency reported. The new tanks are part of a plan to increase the receiving capacity at the terminal in the southeast coastal province to 6.3 million tonnes a year, Xinhua said. The tanks are each able to store 160…
Yilport Acquires Sweden's Gavle Terminal
Turkish terminal operator Yilport Holding has gained full control of Gävle’s terminals. Yilport Holding acquired 100% shares of Gävle Container Terminal (GCT) and Baltic Sea Gateway (BSG). The Port of Gävle is Sweden’s third-biggest container port, situated just north of Stockholm. The 30+10 year concession signed with Gävle Municipality awards Yilport Holding, a Yildirim Group subsidiary, the rights to operate container, bulk, general cargo, rail and CFS services in Port of Gävle terminals.
Daewoo Shipyard Posts Q1 Operating Loss
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. posted a first-quarter loss after incurring more costs to finish some offshore projects. First-quarter operating loss came to 26.3 billion won ($22.8 million) , sharply narrowing from an operating loss of 1.06 trillion won in the last quarter of 2015, while sales plunged 21.6 percent on-year to reach 3.53 trillion won. Net profit came to 31.4 billion won (US$2.7 million) in the January-March period…
Gard Alert: Is Fuel in your Emergency Equipment Fit for Purpose?
Imagine the following scenario: It is in the middle of winter in the north Atlantic, freezing cold with rough seas, when an emergency onboard a tanker requires the crew to abandon the ship. A lifeboat with its full complement of persons is just getting away from the emergency scene when the engine suddenly stops working. Fortunately, the scenario described above is fictitious - but it could very well have been real.
Massive Layoff Ahead for Hyundai Heavy
Another massive reduction in the Korean shipbuilding workforce may come as most shipyards are still struggling with falling orders and mounting losses, reports Yonhap quoting industry sources. Hyundai Heavy Industries plans for large layoffs amid a prolonged recession in the global shipbuilding sector and the government’s move to restructure the ailing industry. Over the past few weeks, the troubled world’s No.
Egypt to receive first LNG shipment from Rosneft in May
Egypt will receive the first of five agreed shipments of liquefied natural gas (LNG) from Russia's Rosneft this month, an official at the state gas board EGAS told Reuters on Thursday.
Asia Dry Bulk-Capesize Rates Under Pressure
Capesize rates fall in a quiet market as holidays weigh; 20 charter-free capesize ships could add to downward trend. Freight rates for large capesize dry cargo ships on key Asian routes are set to drift lower next week unless there is an uptick in chartering activity from major miners, ship brokers said on Thursday. "Unless there is a rush (by charterers) to the market to fix cargoes, we will not see any positive signs," a Shanghai-based capesize ship broker said on Thursday.
Bollinger Wins Contract for Phase II FRC Builds
Louisiana shipbuilder Bollinger Shipyards announced it has secured a contract to build Phase II of the Sentinel Class Fast Response Cutters (FRC) for the United States Coast Guard (USCG). The FRC, the newest generation of USCG patrol cutters, is a replacement for the Coast Guard Island Class cutters that Bollinger built over three decades ago. Bollinger’s CEO and President Ben Bordelon said, “We are pleased with this award to build 26 FRC Coast Guard cutters.
Maersk Returns to Liverpool
Maersk has been welcomed to the Port of Liverpool with a formal reception for its feeder vessel Antwerp. The event on April 27 was attended by Seago and Maersk representatives along with customers, and was followed by a port tour, including a trip to the top of the 90m Grain Tower. The 1,100 TEU Antwerp made its first call last week. Operator Seago is the latest carrier to introduce a new service via Liverpool and will provide a new cargo route between Algeciras-Liverpool-Dublin.
Slower Demand for Larger Vessels Drags Baltic Index Lower
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday due to diminishing demand for larger vessels.
Shell Presents Crewmember Safety Awards
Shell Shipping and Maritime, Americas recently held its third annual Goal Zero Hero Awards dinner in Houston, recognizing the crewmembers of 21 contracted/chartered vessels, who had the courage to intervene and clearly demonstrate their commitment to zero incidents and safe operations in service to Shell. The Goal Zero Hero award program is a regional initiative modeled after Shell Shipping and Maritime’s global “Partners in Maritime Safety” initiative…
SharpEye Radar Installed and Commissioned on SAS Drakensberg
Kelvin Hughes, a company in the design and supply of navigation and security surveillance systems, has announced the installation and commissioning of a SharpEye radar system on the South African Navy’s fleet replenishment ship, SAS Drakensberg. In addition to X and S Band SharpEye radars the system includes IMO compliant displays and a dedicated tactical display with Kelvin Hughes Advanced Agile Tracker for helicopter approach and control.
This Day In Naval History: May 5
1943 - USS Permit (SS 178), USS Snook (SS 279) and USS Sawfish (SS 276) damage two Japanese ships and sink two freighters and a gunboat. 1944 - The hospital ship, USS Comfort (AH-6), is commissioned at San Pedro, Calif., and is the first ship to be manned jointly by U.S. Army and U.S. Navy personnel. 1948 - Fighter Squadron Seventeen A (VF-17A), with 16 FH-1 Phantoms, becomes the first carrier-qualified jet squadron in the U.S. Navy. 1961 - Cmdr. Alan Shepard Jr. makes the first U.S.
Great Lakes Shipyard Performs USCG Drydocking
On April 25, Great Lakes Shipyard hauled out the U.S. Coast Guard’s 125’ x 52’ Aids to Navigation Barge (12001). Using the Shipyard’s 770-ton Marine Travelift, the yard lifted the 620-ton AToN barge quickly and easily, and placed it on drydocking blocks. Based in Detroit, Mich., the buoy tending crane barge is normally paired with the Ice Breaking Cutter Bristol Bay, and serves as a buoy tender to handle navigation buoys marking shipping lanes of the Great Lakes and St. Lawrence Seaway.
ITIC Reports on Ship Agents' Costly Transhipment Errors
International Transport Intermediaries Club (ITIC) says it continues to deal on a regular basis with claims resulting from errors by agents involving transhipment cargoes. In one case, an agent in Argentina failed to declare a cargo as transhipment cargo within fifteen days of the vessel’s arrival at Buenos Aires. This was the result of a simple oversight in the agent’s office. The obligation to make…
GPA Will Continue Weighing Containers at No Cost to Shippers
The U.S. Coast Guard announced last week that state-calibrated scales already in use at the Port of Savannah meet a new requirement of the international Safety of Life at Sea (SOLAS) Convention. “We would like to commend the U.S. Coast Guard for bringing clarity to the SOLAS issue,” said Griff Lynch, incoming executive director at Georgia Ports Authority. An amendment to the international SOLAS Convention…
Louis Dreyfus, Amaggi Hire HSBC to Sell Terminal Stake
Agricultural commodity traders Louis Dreyfus Co B.V. and Amaggi Group have hired HSBC Holdings Plc to sell part or the entire 25 percent stake they hold in a terminal at the Brazilian port of Itaqui…
Offshore Casualty: Harkand Group Collapses
As the prolonged slump in energy prices continues to drag on a number of oil and gas and maritime players, word has it that Harkand Group has succumbed, according to staff reports and a report on www.bbc.com. The company was a high-flyer building an enviable fleet of advanced tonnage. Established in 2012 and headquartered in London with operations bases in Aberdeen, Houston, Mexico, and Ghana, global…
Vietnam Asks Japan for Vessels to Strengthen Coastguard
Vietnam has asked Japan to provide vessels to strengthen its coastguard, a Japanese official said on Thursday, in the latest sign of growing ties among the states locked in maritime rows with China.