MSC Signs Global Declaration of Intent Against Counterfeiting
Mediterranean Shipping Company (MSC) has signed an official declaration, designed to prevent the maritime transportation of counterfeit goods. The declaration is the work of the International Chamber of Commerce, which launched the Business Action to Stop Counterfeiting and Piracy (BASCAP) in 2004. BASCAP’s mission is to encourage government action and to enhance the campaigning voice of businesses and industries who see the social and economic harm caused by counterfeiting on a global level.
14 CEZs to Come Up in India Under Sagarmala
The Government has identified fourteen Coastal Economic Zones (CEZ) along the coastline of the country under National Perspective Plan (NPP) of Sagarmala Programme. The CEZ are spatial economic regions spread over multiple coastal districts with strong port linkage. Within each CEZ, there could be multiple industrial clusters that could contain industrial units with requisite support infrastructure.
Qatar Merges State-Owned LNG Producers
Qatar, the world’s largest liquified natural gas producer, announced it is to merge state-owned Qatargas and RasGas to create a “truly unique global energy operator”, says an AP report. The country is merging its two government-controlled LNG companies to streamline distribution of the fuel as the OPEC nation grapples with a slump in energy prices. The announcement was made at a press conference held…
Financial Close for Bahrain LNG Terminal
Bahrain LNG, the developer of the Gulf state’s receiving and regasification terminal for liquefied natural gas (LNG), has closed a $741 million syndicated loan for the platform’s construction. The private-public partnership is being developed to supplement local gas production in Bahrain and ensure capacity to meet peak seasonal gas demand and industrial growth. Financing a project of this size and complexity is a landmark in the regional financial markets.
Egypt Gets its First German Submarine
The Egyptian Navy has officially received its first Type-209/1400 submarine at the German city of Kiel to support the naval troops, says the government sources. ThyssenKrupp Marine Systems (TKMS) has formally handed over the first two of four Type 209/1400 mod diesel-electric submarines (SSK) to the Egyptian Navy. During a ceremony in Kiel city, the Commander of the Egyptian Navy Lieutenant General…
NCL's Norwegian Jade to Call Port Tampa Bay Home
The Norwegian Cruise Line (NCL) ship Norwegian Jade will set sail from Port Tampa Bay during the upcoming winter cruise season. Port Tampa Bay officials welcomed the 2,402-passenger ship for the 2016-2017 fall/winter cruise season. Norwegian Jade is replacing the Norwegian Star, which sailed from Tampa last year, according to a news release. Norwegian Jade will sail Sundays to Cozumel, Costa Maya, Roatán and Norwegian Cruise Line Holdings' new southern Belize destination, Harvest Caye.
DNV GL to Class Endeavor Expedition Yachts
MV WERFTEN said it has contracted DNV GL for the classification of the Endeavor-class vessels. The contract includes three 20,000 GT mega yachts, which will be three of the first passenger ships to be classified according to the new DNV GL rules. Due to become the world’s largest expedition yachts with ice class, the Endeavor newbuildings will be fabricated at MV WERFTEN in Stralsund from 2017 and delivered to luxury cruise line Crystal Yacht Expedition Cruises in 2019, 2020 and 2021.
98,000 dwt Semisubmersible Delivered
China’s COSCO Shipping Specialized Carriers Co. Ltd. has taken delivery of its newest semisubmersible vessel, the 98,000 dwt Xin Guang Hua – the largest of the COSCO semisub fleet and reportedly second largest in the world. Large enough to transport fully integrated offshore floating production units weighing up to 85,000 tons, the m/v Xin Guang Hua was purpose built and delivered from the COMEC shipyard in Guangzhou.
Singapore to Adopt Dutch Polder Concept for Reclamation
Singapore has announced it will build a polder designed by Royal HaskoningDHV with local partner Surbana Jurong that will add 810ha to Pulau Tekong, one of Singapore’s largest islands. Traditionally, sand has been used to fill the area to be reclaimed above sea level. This new approach involves building a dike around the area to be reclaimed and draining the water from it – a 400 year old Dutch proven method.
Scorpio Tankers says Upsized and Extended Credit Facility
Scorpio Tankers Inc. announced the upsizing and extension of its BNP Paribas Credit Facility. The Company has received an additional $27.6 million commitment from BNP Paribas to upsize its BNP Paribas Credit Facility. The $27.6 million increase of the bilateral financing will bear interest at LIBOR plus a margin of 2.30% per annum, has a final maturity of December 2021, and will be used to refinance…
Maersk Fluid Technology Upgrades SEA-Mate
Maersk Fluid Technology (MFT) said it has recently upgraded its SEA-Mate Blending-on-Board Value Calculator to include a mobile optimized version that will assist in calculating savings, based on a variety of real life scenarios. The SEA-Mate Blending-on-Board (BOB) system enables the crew on board the vessel to blend an engine-specific fit-for-purpose cylinder lubricant with the optimal neutralization and detergent properties.
Further Upside Seen for Asian Aframax Rates
The Asian Aframax market has been strengthening steadily, with rates for the Indo/Japan route up by w25 points w-o-w at w135. The Baltic Exchange’s benchmark TD14 route reached w127.50 Tuesday, jumping by w29 points w-o-w. This is partly due to underlying seasonality as refiners in the region typically raise utilization rates during Q4 in order to meet winter demand. An early and colder-than-usual winter in North Asia has led to increased heating fuel demand…
Another Robert Allan Tug for China
The Cao Gang 26 is a new RAmparts 3300 ASD tug designed by Robert Allan Ltd., constructed at JiangSu Zhenjiang Shipyard (Group) Co. Ltd. in China and delivered to the Owner, Cao Fei Dian Port in Northern China in November 2016. On trials, the vessel met or exceeded all performance expectations, producing bollard pull astern of 60.5 metric tons and a free running speed ahead of 13.5 knots. The vessel has been outfitted to the highest standards for a maximum crew complement of 14…
NextDecade in FSRU Deal with Flex LNG
NextDecade Global Solutions, a subsidiary of NextDecade, LLC, and FLEX LNG have signed a Heads of Agreement (HOA) to create a full value chain solution for customers looking to purchase LNG from NextDecade’s Rio Grande LNG export project in Brownsville, TX. Initially, NextDecade and FLEX LNG will develop Floating Storage and Regasification Unit (FSRU) and dockside solutions for international customers of NextDecade’s, with the LNG supply also provided by NextDecade.
BMT Asset Performance Launched
BMT Asset Performance, a subsidiary of BMT Group, has been launched following the recent decision to merge BMT Cadence which delivers safety and environmental risk management services and BMT Reliability Consultants which focusses on reliability and supportability engineering. Mike Prince, Managing Director of BMT Asset Performance, commented, “We have recognized for some time now that there are real synergies between the two organizations.
New Propulsion Controls for Dawn Princess
Back in 1994, GE’s technology helped power the 856-foot-long, 77,441-ton, Dawn Princess cruise vessel. Now decades later, GE will once again partner with Carnival Corporation to update the propulsion controls for Dawn Princess during its transition to Pacific Explorer, operating under P&O Cruises Australia. The updated decentralized controls of the new system will reduce the installation costs of the system while enhancing redundancy and operational safety of the vessel.
ClassNK Releases Mobile App for PSC Inspection
Classification society ClassNK has released the Arrival Checklist for PSC, the preparatory checklist mobile app for PSC inspections. Arrival Checklist for PSC…
Australia’s New Cape Class Patrol Boat Rolled Out
Australian shipbuilder Austal has rolled out the ninth Cape class patrol boat for the Royal Australian Navy (RAN). Designed and constructed by Austal, Hull 380 is the first of two Cape class vessels scheduled to be delivered in 2017. In attendance at the official roll out ceremony, which took place prior to launching at Austal’s Henderson Western Australia shipyard, were Australian Defense Industry Minister Christopher Pyne…
New Light Tower from Larson Electronics
Industrial grade lighting equipment specialist Larson Electronics has released a mini tower fastened to a powder coated wheeled base, offering full portability for the mounted equipment. The WAL-XML-12-4.5-WC portable mini tower from Larson Electronics is suited for operators needing a portable, easy to operate system for elevating lights, cameras and other electrical equipment to heights of 12 feet.
Viking Supply Ships Expands Russian Footprint
To further explore opportunities and strengthen its footprint in Russia, Viking Supply Ships (VSS) has entered into a strategic cooperation with Sevnor Ltd, a shipping…