South Korea to Build World's Largest LNG-Fueled Ship
In an effort to go green amid looming strict emission rules, South Korea will launch a pilot program to build the world's largest vessel powered by liquefied natural gas (LNG), reports Yonhap. South Korean Ministry of Oceans and Fisheries said it will join forces with local shipyards, builders and state institutes to develop a class of 180,000-ton LNG-propelled vessels. The government launched a…
China Launches World's Largest Bulk Carrier
China launched world's largest bulk carrier 'Ore Tianjin' in the port city Qingdao, east China's Shandong Province, reported China Daily. The mammoth ore ship, built by the Wuhan subordinate of China Shipbuilding Industry Corporation (CSIC), can carry 400,000 metric ton deadweight (DWT). It will go into service for ore transportation between China and Brazil upon delivery, which is expected in April 2018.
Australian Supply Crunch Squeezes LNG Exporters
Spot LNG exports in government's cross-hairs; ConocoPhillips, Origin, Shell now in the firing line. The Australian government on Monday warned that the country's east faced a worse-than-expected natural gas shortfall in 2018, but the competition watchdog said the gap could easily be filled by diverting uncontracted exports to the local market. It is now up to the government to decide by Nov. 1 whether to pull the trigger on its Australian Domestic Gas Security Mechanism…
Radio Holland Renews Contracts with Algoma, CSL and ASC
Recently, Radio Holland Canada and Radio Holland USA celebrated the renewals of key airtime contracts on the Great Lakes with Algoma Central Corporation (ACC), The CSL Group (CSL) and American Steamship Corporation (ASC). Collectively, the three companies operate approximately 65 Lakers which include tankers, self-loading and conventional bulk carriers. The companies signed initial agreements with Radio Holland in 2007.
FueLNG Completes First Commercial LNG Bunkering in Singapore
FueLNG, a joint venture between Keppel and Shell Eastern Petroleum (Pte) Ltd (Shell), has achieved the first commercial Liquefied Natural Gas (LNG) bunker transfer…
U.S. Oil Exports set to Take Off by 2022
Enterprise sees four-fold jump in U.S. crude exports by 2022. Crude oil exports from the United States will increase to meet 5 percent of global demand by 2022, as refiners seek more low-sulphur crude to meet stricter rules for cleaner fuels, an executive from Enterprise Partners LP said on Monday. U.S. oil exports may rise to about 4 million barrels per day (bpd) by 2022, a four-fold jump from this year, said Brent Secrest, a senior vice president at Enterprise Products.
Cosmo Oil to Boost Diesel Output to meet 2020 Ship Demand
Cosmo says considering adding units to process more heavy crude; looking to maximize diesel output at Sakai coker. Japan's Cosmo Oil plans to increase diesel output at its Sakai refinery in Osaka, looking to capitalize on an expected jump in demand when a global mandate for ships to switch to cleaner fuels kicks in from 2020, its top executives said. The company, wholly owned by Cosmo Energy Holdings…
Fincantieri Delivers Fourth of Eight Viking Newbuilds
The fourth of eight cruise ships Viking Ocean Cruises has ordered from Fincantieri has been delivered at the shipyard in Ancona. Viking Sun, as its sister ships…
Man Medevaced from Chinese Research Vessel near Alaska
A man with a broken arm was medevaced from the Chinese research vessel Xue Long, 15 nautical miles from Nome, Alaska, Saturday morning. A smallboat crew from the U.S. Coast Guard Cutter Alex Haley embarked the man and transferred him to the Alex Haley for further transfer to Nome. Coast Guard District 17 command center watchstanders received a relay notification from a Coast Guard liaison to China…
Bureau Veritas Joins Global Industry Alliance
At a ceremony in Singapore Bureau Veritas formally joined the Global Industry Alliance (GIA). The GIA was officially inaugurated on June 29 by IMO Secretary General, Mr Kitack Lim.
ClassNK Lays Out R&D Roadmap
Classification society ClassNK has mapped out the details of its vision and goals for research and development projects over the next five years. ClassNK’s R&D Roadmap…
Great Lakes/Seaway Iron Ore Trade Rises in August
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.7 million tons in August, an increase of 10.1 percent compared to a year ago, according to latest figures from the Lake Carriers’ Association (LCA). Shipments also bettered the month’s five-year average by 6.2 percent. LCA said shipments from U.S. Great Lakes ports totaled 6.3 million tons in August, an increase of 18 percent compared to a year ago.
Fincantieri to Build a Cruise Ship for Cunard
Fincantieri and Carnival Corporation & plc announced today the signing of a memorandum of agreement (MoA) for the construction of one next-generation cruise ship for luxury brand Cunard. The agreement will become operational when all the financial and technical conditions will be satisfied, the shipbuilder said. The ship will be built at the Monfalcone yard and join the Cunard’s fleet in 2022. The 113…
Scorpio Buys Six Dry Bulk Ultramaxs
Scorpio Bulkers Inc. said it has reached a deal with an unaffiliated third party to acquire six Ultramax dry bulk vessels for $142.5 million. Of the six purchased…
Rolls-Royce Acquires Electrically-assisted Charging Technology
Rolls-Royce said it has acquired from G+L innotec the exclusive rights of use for a new technology for the electrically-assisted charging of off-highway combustion…
Shipping Confidence Continues to Climb -Report
A recent survey found that shipping confidence reached its highest rating in the past three years in the three months to end-August 2017. According to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens, the average confidence level expressed by respondents to the survey was up slightly from the 6.1 out of 10 recorded in the previous survey in May 2017 to a three-year high of 6.2.
Implementation of Standards On Board Ships Matters
Once technical standards have been developed by IMO and adopted into national laws, the next step is implementation on board ships. This is the role of both flag States, who issue surveys and certificates, as well as port States, who can inspect all ships in their ports. The Sub-Committee on Implementation of IMO Instruments, meeting this week for its fourth session (III 4, 25-29 September) provides a forum where all matters relating to implementation are discussed.
International Efforts to Reduce GHG Emissions
Close to 240 maritime leaders and professionals will gather in Singapore to identify priority areas for international action and exchange best practices in maritime technology transfer and capacity building at the Future-Ready Shipping 2017 Conference. Jointly organised by the Maritime and Port Authority of Singapore (MPA) and the International Maritime Organization (IMO), the conference will take place from 25th to 26th September 2017 at the Grand Copthorne Waterfront Hotel.
China Workshop Discusses Oil Pollution Response
Current research and technical developments in oil spill preparedness and response were in the spotlight at a major seminar in Tianjin, China (20-21 September). The International Oil Spill Response Technical Seminar brought together over 150 representatives of national government, oil industry and oil spill response companies. International Maritime Organization (IMO)’s Colleen O’Haghan presented on the Organization’s International Convention on Oil Pollution Preparedness…
Hapag-Lloyd Recycles Three Containerships
Liner shipping company Hapag-Lloyd has sold three of its older containerships for green recycling in China and Turkey. The three vessels, Deira, the Najran and the Sakaka, have been part of the Hapag-Lloyd fleet since its merger with UASC at the end of May, and will now be transferred to shipyards in China and Turkey that are specially equipped and certified for safe and environmentally sound recycling.