Qatargas, RWE Ink SPA Deal for LNG Deliveries
Qatargas, the World’s Premier LNG Company, today announced a flexible Sale and Purchase Agreement (SPA) with RWE Supply Trading (RWEST), a leading European electricity and gas company. Qatargas will deliver up to 1.1 million tonnes of Liquefied Natural Gas (LNG) per annum to RWEST in North West Europe for seven and a half years. Saad Sherida Al-Kaabi, Qatar Petroleum President and Chief Executive Officer and Chairman of Qatargas Board of Directors…
Keep Calm and Carry on for the UK Shipping Sector
On the week after the UK voted to leave the EU, UK Chamber of Shipping Chief Executive Guy Platten says the shipping industry needs to do what it always has done – keep calm and carry on. Fundamentally, and for the time being, nothing has changed. There is uncertainty, yes, but the years of experience and expertise our industry means that we do not undertake kneejerk reactions. It’s a mature response, but more importantly, it’s the right one.
G E Adds a Kamsarmax Dry Bulk Carrier Jag Ajay
The Great Eastern Shipping Company took delivery of a new building Kamsarmax dry bulk carrier Jag Ajay. Great Eastern Shipping Company Ltd has informed the Bombay Stock Exchange regarding a Press Release dated June 30, 2016 titled: G E Shipping takes delivery of a new building Kamsarmax Dry Bulk Carrier "Jag Ajay". The vessel was ordered by GE Shipping in December 2013 and has been built at Jiangsu New Yangzi Shipbuilding Co. Ltd., P.R. China.
APM Terminals Takes Full Control of APM Terminals-Aarhus
Aarhus Service Holding A/S has sold its 40% share in APM Terminals-Aarhus A/S to its JV Partner since the 2010 merger of adjoining facilities in Denmark’s largest port; container volumes have steadily increased over the past four years. Aarhus, Denmark – APM Terminals has reached an agreement with joint venture partner Aarhus Service Holding for the purchase of the remaining 40% of the existing APM Terminals-Aarhus A/S facility…
First Signs of Healing in the Antarctic Ozone Hole
An international team of researchers led by Susan Solomon at Massachusetts Institute of Technology (MIT) has identified the “first fingerprints of healing” of the Antarctic ozone layer, published this week (30 June 2016) in the journal Science. The team found that the September ozone hole has shrunk by more than 4 million square kilometers — about half the area of the contiguous United States — since 2000, when ozone depletion was at its peak.
Tanker Fleet Grows by 203 Units Last Year
The tanker fleet has grown over the past twelve months by another 203 units amounting to 21.9 million dwt, says Gibson's Mid-Year Review of Weekly Tanker Market Report. This follows a period of very limited fleet growth (across all but the MR sector) following a period of reasonable demolition activity at firmer lightweight prices prior to 2015. Of course the strength of the tanker market during the…
Brexit – What Does it Mean for Shipowners' Club?
“Uncertainty” has been a very well used word over the past week, following the result of the EU Referendum. The uncertainty that exists in British and European politics is only matched by the uncertainty that exists in British and European economics. What we do not yet know is quite how the UK and EU passporting/trade agreements will be settled following the UK’s exit from the EU. We also do not yet know how regulation will apply post exit.
OOI Community Workshop: Cabled, Endurance, and Station Papa
The Ocean Observatories Initiative (OOI) infrastructure is operational and ocean scientists can now integrate OOI observations into their research proposals and projects. The UNOLS Ocean Observing Science Committee (OOSC) along with OOI’s Science Oversight Committee (SOC) are organizing a workshop that will focus on current and future science addressed by the extensive OOI infrastructure in the Northeast Pacific. This includes the OOI Cabled, Endurance, and Station Papa Arrays.
MARAD Report: Energy Efficiency & Battery Compartment Design
MARAD released an Energy Efficiency White Paper. The Maritime Administration (MARAD) has announced the availability of the Energy Efficiency White Paper that provides marine vessel owners and operators information on how to evaluate potential investments in efficiency measures and technologies. The white paper outlines the latest energy efficiency measures currently available for marine vessels, including how the technology works…
Panama Canal Traffic to Double
The expansion of the Panama Canal will take traffic through the inter-oceanic passage to a new level, which already handles around 6 percent of global trade transportation, its administrator said on Saturday. With the expansion of the canal's width and depth, the volume of traffic will double, as Panamax-class vessels will now be able to pass through, carrying up to 14,000 cargo containers. Jorge Luis Quijano…
US Oil Drillers Add Rigs for 4th Week in 5
U.S. drillers this week added oil rigs for a fourth week in five, according to a closely followed report Friday, in the best month of producers returning to the…
Vale Sells 3 Valemax Iron Ore Ships to ICBC
Brazil's Vale SA said it has sold three of its giant "Valemax" iron ore ships to a group led by Industrial and Commercial Bank of China, continuing efforts to unload…
Fincantieri Launches Silver Muse
Silver Muse, the new ultra-luxury cruise ship which Fincantieri is building for the ship owner Silversea Cruises, was launched at Fincantieri’s shipyard in Genoa Sestri Ponente. Interior fittings will now begin, leading the vessel to its delivery, scheduled in April 2017. The launching was introduced by the traditional and well-wishing coin ceremony, consisting, according to an ancient shipbuilding custom, in welding a silver commemorative coin on the last deck of the ship.
Op/Ed: Supply Chain Hindered by Cumbersome Regulation
The Federal Maritime Commission (FMC), which has always been a valuable resource in supply chain management, announced the formation of a Supply Chain Innovations Teams that will develop commercial solutions to supply chain challenges and related port congestion concerns, which have been an issue in the industry for quite some time. Although I believe that the FMC has made a great impact on the logistics industry…
Swiftships to Procure Patrol Craft Kits for Egyptian Navy
On June 28, 2016 Louisiana-based Swiftships, LLC, was awarded a $15 million firm-fixed-price (FFP) contract involving Foreign Military Sales (FMS) to procure four 28-meter KITs for the Egyptian Navy (EN). The contract will allow Swiftships to procure KITs so the EN can assemble/coproduce these 28m coastal patrol craft (CPC) in Alexandria, Egypt. The 28m CPCs will include: 4.7-meter rigid inflatable boats…
Ingalls to Build US Warship LH8
Huntington Ingalls Industries (HII) announced that its Ingalls Shipbuilding division has been selected to build the U.S. Navy’s next large-deck amphibious assault warship, LHA 8. Ingalls has also been selected to perform the majority of the contract design work for the U.S. Navy’s amphibious warfare ship replacement, known as LX(R).The U.S. Department of Defense announced both contracts June 30. The LH8 contract – which includes the planning…
First Alaskan North Slope Cude Export Planned for Nicaragua
Alaskan North Slope (ANS) crude will be shipped to Nicaragua for the first time in July, two trade sources said on Friday, underscoring a shift in oil flows to and from the U.S. West Coast.
India's Iran Oil Imports Surge in June
India's Iran oil imports rose about 39 percent in June year on year, preliminary data obtained by Reuters shows. In the first half of 2016 India's Iran oil imports…
This Day In Naval History: July 1
1801 - Commodore Richard Dale's squadron arrives at Gibraltar for the protection of American interests and to strike at the Barbary Pirates in the Mediterranean. Squadron ships were USS President, USS Philadelphia, USS Essex, and USS Enterprise. 1850 - The Naval School at Annapolis, Md., is renamed the U.S. Naval Academy and adopts a four-year course of study. Also on this date, Commander Cornelius K.
Tallink Christens LNG Ferry Megastar
A new LNG-driven fast ferry Megastar was christened in Meyer Turku shipyard for owner/operator Tallink Grupp. The environmentally sound ship was christened on July 1 by former president of Finland Tarja Halonen. First steel was cut for Megastar on August 4, 2015, and the keel was laid on February 9, 2016. Float-out and sea-trials are planned for July and the last months of 2016, respectively, followed by delivery planned to take place in the beginning of 2017.