Incheon port Targets 3m teu Throughput
The Incheon Port Authority or IPA (www.icpa.or.kr, IPA) proclaimed a new voyage to make the top 30 ports in the world in a ceremony to celebrate the achievement of 2.5 million TEU annual container volumes at Incheon New Port located in Songdo-dong, Yeonsu-gu, Incheon, on December 16. Incheon Port's annual container volume surpassed 2.5 million TEUs as of December 16, the largest-ever volume in the history of Incheon Port…
Six Rescued Northeast of Sitka, Alaska
A Coast Guard Air Station Sitka MH-60 Jayhawk helicopter crew medevaced one injured person, and a Coast Guard Station Juneau response boat – medium crew transported…
France May Step in on Shipyard Sale
France may intervene in the sale of the Saint-Nazaire shipyard by bankrupt South Korean shipbuilder STX if the French government's conditions are not met, Industry Minister Christophe Sirugue said. "The government is fully mobilised and will not hesitate to use all of the levers at its disposal," Sirugue told French daily Les Echos in an interview published on Friday. The French state, which owns a third of STX France and its western Saint-Nazaire shipyard…
Russia Resumes Liftings from Novorossiisk
Russian oil pipeline monopoly Transneft said it had resumed oil loadings from the Black Sea port of Novorossiisk on Friday morning after a storm. Transneft also…
W. Africa Crude-Trading Quiet, Nigerian Delays Dampen Demand
Oil futures were on track for their biggest annual gains since 2009 despite intraday losses, aided by OPEC's agreement to cut production from early next year. Still…
Great Ships of 2016: Milos
Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. Milos is the first vessel in a series of two Suezmax Crude Oil Tanker, built by SungDong Shipbuilding & Marine Engineering for Kyklades Maritime Corporation. The vessel is built under the survey of Lloyd’s Register and designed in accordance with IACS Common Structure Rule(CSR).
Marine Battery Systems Come of Age
Saft’s Seanergy Marine Battery System offers a different way forward in the quest for reduced emissions in marine propulsion. Discovering new means to reduce emissions and improve energy efficiencies are top-of-mind for all companies in today’s day and age. The Paris Climate Deal, initiated nearly a year ago, is just one example of the world coming together to combat global warming. In the marine industry…
Great Ships of 2016: Seri Camellia
Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. Seri Camellia is the first in a series of five 150,200 cu. m. Liquefied Natural Gas (LNG) MOSS-Type LNG carriesr built for MISC Berhad (MISC), ordered from Hyundai Heavy Industries Co., Ltd. (HHI). Upon delivery, these new LNG Carriers will be chartered to PETRONAS for the next 15 years.
Port Infrastructure and the Role of Government
We are in the midst of a revolution over port infrastructure. This revolution is not about the role of ports as silent engines for our economy and the need for better intermodal infrastructure. Rather, it is about why governments – local, state and federal – believe ports exist, and whether or not public and private entities, other than those directly responsible for ports, should help build or improve port infrastructure and their intermodal connectors.
US Rig Count Recovers to Near Year-ago Levels
The U.S. oil rig count ended 2016 just below year-ago levels as drillers added rigs this week as part of the biggest recovery since a global oil glut crushed the market over two years. Drillers added two oil rigs in the week to Dec. 30, bringing the total count up to 525, the most since December 2015 and 11 shy of the 536 rigs seen at the end of 2015, energy services firm Baker Hughes Inc said on Friday.
FMC and Technip to Complete Merger in January
USA subsea equipment firm FMC Technologies and French engineering company Technip have jointly announced that they expect their merger to be formally complete by January 16. Houston-based FMC and Paris-based Technip will form a new entity called TechnipFMC. Their planned amalgamation was first announced in May. The parties also announced the filing of a Delaware certificate of merger pursuant to which…
Maersk to Shut Down Denmark's Largest Gas Field
Maersk Oil said that production from the Tyra field was likely to cease in 2018 as efforts to find an “economically viable solution” for full recovery had not been found. "Maersk Oil has today issued a notification to the Danish gas market. This notification announces that an economically viable solution for full recovery of the remaining resources in the Tyra field has not yet been identified, and that production from the Tyra field is consequently expected to cease 1 October 2018…
Wagenborg's Acquired Vessels Undergoing Paint Job
Ziltborg and Zaanborg, the third and the fourth of seven general cargo vessels acquired by Dutch shipowner and operator Royal Wagenborg earlier this year, are currently undergoing a paint job at Royal Niestern Sander shipyard in the Netherlands. "Today, Royal Wagenborg acquired m.v. Vliediep as the forth out of seven vessels. Earlier the m.v. Zijlborg, m.v. Leuveborg and m.s. Ziltborg were already added to the Wagenborg fleet.
HPH Trust Acquires Major Stake in Huizhou Terminal
Hong Kong Container port business trust Hutchison Port Holdings Trust (HPH Trust) has reached an agreement to purchase a majority stake in Huizhou International Container Terminals Limited (HICT) in Guangdong from the trust’s sponsor for about $86.26m. HPH Trust will acquire 65% and 15% of HITC equity interest, respectively through its subsidiaries, Yantian International Container Terminals (Phase III) Limited (YICT III) and Shenzhen Pingyan Multimodal Company Limited (PML).
Hamburg Mulls Navigation Channel Expansion
The adjustment of the navigation channel on the Lower and Outer Elbe is the most important strategic expansion project for the Port of Hamburg. In view of the rapidly growing ships, Hamburg is dependent on adapting its seaward access to this technical development in the long term. This is the only way to ensure that Hamburg can be called at economically viable conditions and that its port remains competitive.
TFI Acquires National Fast Freight
TFI International Inc., formerly known as TransForce Inc., a North American leader in the transportation and logistics industry, has announced that a wholly-owned subsidiary of TFI International has acquired Brampton, Ontario based National Fast Freight (NFF) from Calyx Transportation Group, Inc. Founded in 1992, NFF is a non-asset Canadian-based transportation company providing LTL intermodal services across Canada.
New CEO for Antwerp Port Authority as from January 1st
Jacques Vandermeiren is Chief Executive Officer and President of the Executive Committee of Antwerp Port Authority as of 1 January 2017. Until January 2015 Vandermeiren was CEO and President of the Executive Committee of the network operator Elia, a listed company, where he held various management positions since joining it in 2001. Before that he worked for 11 years as Senior Advisor Strategy Direction with the energy company Electrabel.