Laugfs Buys Third LPG Carrier Vessel
Laugfs Maritime Services, the shipping division of Sri Lanka’s Laugfs Gas, has purchased its third Liquefied Petroleum Gas (LPG) carrier vessel for USD 2.875 million, reports Lanka Business Online quoting company sources. The 1998-built 3,500-cbm Lady Martine was bought from Ultragas at a price of $2.875m and will be renamed Gas Courage. It will be reflagged to Sri Lanka. Laugfs Maritime Services…
Dong Takes Solstad CSVs
Norwegian offshore vessel owner Solstad Offshore has entered into contracts with Dong Energy Wind Power for two of its construction support vessels (CSVs). The first contract will see the CSV Rem Installer work for Dong Energy for a period of 23 months firm with a further six months option. A second Solstad vessel will start working for Dong in April 2018 for a seven-month period, with an option for an additional eight months.
Port of Santos Bullish on 2017
In a year of changes and challenges in the national and global scenarios, Companhia Docas do Estado de São Paulo (Codesp) (Santos Port Authority) has developed actions to maintain the position of the Port of Santos as the main port complex in Latin America. The largest port complex in Latin America, is forecasting to move a record 120.6 million tons of cargo in 2017. CODESP estimates that the cargo movement through the Port of Santos totaled 113.475 million tons in 2016.
Fresh Hopes in Container Shipping: Alphaliner
The new year brings with it fresh hopes for a recovery in container shipping although the market remains fundamentally imbalanced, says an Alphaliner report. A slew of new records were set in 2016 but most of them marked new lows for a container shipping market that continues to suffer from excess capacity, with the weakness expected to persist for at least one more year. The global containership fleet grew by only 1.5% to reach 20.27 Mteu at the end of 2016…
Maritime Crimes On The Rise, Says BIMCO Experts
Industry security experts have concluded that maritime crime will not be stopped any time soon – and that cyber incidents would continue to expand in frequency and severity. This was the consensus at BIMCO’s first ever Maritime Security Seminar in Copenhagen. There was further consensus that regional instability in the Horn of Africa confirms the need to retain legacy systems such as the Maritime Security…
BIMCO Surveys Dry Bulk Terminal Performance
BIMCO is seeking to drive the improvement of standards for ships at dry bulk terminals across the world and has launched its first report on terminal performance. Since 2015 BIMCO has been collecting feedback on the performance of port terminals in order to be able to report the results to members and, ultimately, to give further guidance to ships. BIMCO has received over 400 feedback reports from bulk carriers on the performance of dry bulk terminals around the world.
DMA: Sea Service Records Go Online
Now seafarers can manage and report their seagoing service digitally, the Danish Maritime Authority (DMA) announced. Digitalising seagoing service is the first step taken to make it easier for seafarers to apply for certificates, keep track of their seagoing service and get digital access to their data. DMA Director Rasmus Høy Thomsen said: ”The new solution will make it fast and easy for seafarers to type in their seagoing service before applying for certificates.
Tug Huron Goes to Work in Duluth
The Great Lakes Towing Company said it has repositioned its Tug Huron to Duluth, Minn. on Monday, January 2, 2017 to enhance capabilities for icebreaking, harbor assist and other services essential to commercial shipping in the Duluth-Superior region. The Tug Huron’s first icebreaking operation of 2017 took place late Wednesday evening, January 4 when she assisted longstanding customer, Canada Steamship Lines M/V Thunder Bay in the Port of Duluth.
Port of Virginia to Close Ahead of Winter Storm
The U.S. Coast Guard said the Port of Virginia will close Friday at midnight in anticipation of Winter Storm Helena, which is expected to bring snow and wind which…
Altra Acquires Stromag
Manufacturer and marketer of electromechanical power transmission and motion control products Altra Industrial Motion Corp. said it has closed its acquisition of the Stromag business from GKN plc.
Proposed Sanctuaries Aim to Protect Historic Shipwrecks
The U.S. National Oceanic and Atmospheric Administration (NOAA) has released draft plans for proposed national marine sanctuaries in Wisconsin and Maryland that would aim to protect nationally significant shipwrecks, including those from the 1800s, World War I and other maritime battlegrounds. The sanctuaries were originally proposed to NOAA in 2014, and if created would be the first since 2000. In Wisconsin…
US Ships Tanks, Equipment for NATO Exercises in Europe
Hundreds of U.S. tanks, trucks and other military equipment arrived by ship in Germany on Friday to be transported by rail and road to eastern Europe as part of…
Statoil May Stop Drilling in US Gulf of Mexico
Norway's Statoil is considering whether to end its costly search for oil and gas in the U.S. Gulf of Mexico, the company's exploration chief told financial daily Dagens Naeringsliv (DN) on Friday. Statoil has been part of several discoveries in the region as a junior licence partner, but the company has failed to strike oil in the drilling campaigns it has operated, despite spending billions of dollars.
Harrington Hoists Celebrates 150 Years
Harrington Hoists, Inc. is celebrating 150 years in the hoist business. The company was established in 1867 by Edwin Harrington, a machinist and inventor, when he started a machine shop and hoist business in Philadelphia. His company thrived as a result of his innovative ideas and continual improvements to the design and production of hoists. Throughout his lifetime, Harrington obtained several patents and was best known for developing one of the first electric hoists in 1896.
Iron Ore Exports to China from Port Hedland hit record
Port is world's biggest iron ore export terminal; iron ore prices soared 80 pct in 2016. December iron ore shipments to China from Australia's Port Hedland terminal hit a record 37.4 million tonnes in December, boosted as users such as BHP Billiton and Fortescue Metals Group ramped up production. Overall shipments from the world's biggest iron ore export terminal also climbed to a record 43.9 million tonnes last month, according to the Pilbara Ports Authority.
JERA Imports Japan's First Liquefied Shale Gas Cargo from U.S.
Japan's JERA Co said on Friday it imported the country's first liquefied shale gas cargo from the United States as part of efforts to diversify its supply. This also marks Japan's first import of liquefied natural gas (LNG) produced in the contiguous United States. Japan previously had imported U.S. LNG only from Alaska. JERA, a fuel joint venture between Tokyo Electric Power and Chubu Electric Power…
Maersk Invincible Delivered
Maersk Drilling has taken delivery of its fourth XLE jack-up rig, the Maersk Invincible, from Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea. Maersk Invincible will now mobilise to the North Sea and will in the second quarter of 2017 commence a five year firm contract with Aker BP for plug and abandonment work on the Valhall field. Maersk Invincible is the fourth and final rig in a series of four ultra-harsh environment jack-up rigs to enter Maersk Drilling’s fleet.
Lerwick Port Spells out Strategy for Expansion
Lerwick Port Authority has detailed a series of objectives to meet its aim of running an efficient, cost-effective harbour, including continuing expansion of the infrastructure. The goals are featured in an interim Update produced ahead of publication of a new style annual report in Spring. Commenting on activity, Chairman Brian Anderson notes: “Lerwick reached peak level in 2013 and 2014, largely driven by oil & gas projects, both onshore and offshore.
Spot box rates rise above 5-year average - Drewry
Spot container freight rates on the major East-West routes reached a 20-month high this week and have risen above the average of the last 5 years. The latest weekly reading is $1,770/40ft container for the composite index, reflecting increases on individual lanes to $1,785 for the Rotterdam-New York index (up $4 this week), $2,210 for the Shanghai-Rotterdam index (up $257 this week) and $2,106 for the Shanghai-Los Angeles index (up $545 this week).
Pilbara Ports' Throughput Zooms
Pilbara Ports Authority has delivered a total monthly throughput of 60.5 million tonnes (Mt) for the month of December 2016. This is an increase of 12% from the same month in 2015. The Port of Port Hedland achieved a monthly throughput of 44.5 Mt, an increase of 17% from the previous year and a new monthly throughput record for the Port. 2015. Imports totalled 149,000 tonnes, a decrease of 10,000 tonnes or 6% from the previous year.