Shipping Companies May Adopt LNG Faster Than Expected
Infrastructure among top hurdles for LNG marine fuel adoption. The shipping industry may adopt liquefied natural gas (LNG) as a fuel faster than expected because of stricter environmental regulations that target carbon dioxide emission, according to an executive at maritime agency Bernhard Schulte Shipmanagement (BSM). The Energy Efficiency Design Index (EEDI) regulation enacted by the International…
Exmar in Talks to Supply FLNG Vessel for Iran Project
Belgium's Exmar is in negotiations for the use of its floating liquefied natural gas vessel Caribbean FLNG (CFLNG) for an Iranian export project, the company told Reuters on Thursday. The barge-based liquefaction facility, delivered to Exmar earlier this year, was initially destined to go to Colombia, but remains unemployed after its contract was terminated. The National Iranian Oil Company (NIOC) said in a statement on its website it would supply natural gas for the project…
Vessel Operating Costs on the Rise -Moore Stephens
Vessel operating costs are expected to rise in both 2017 and 2018, according to the latest survey by international account and shipping consultant Moore Stephens. Repairs and maintenance and spares are the cost categories which are likely to increase most significantly in each of the two years. The survey is based on responses from key players in the international shipping industry, predominantly shipowners and managers in Europe and Asia.
Ferus Smit Launches Bulk Carrier for Erik Thun
Shipbuilder Ferus Smit said it has launched newbuild bulk carrier Snow Crystal on October 21 at its shipyard in Westerbroek, Netherlands. Snow Crystal (Ferus Smit newbuild 445) is the first ship in a series of two for Swedish ship owner Erik Thun AB. Designed for specific trades in the Baltic region, the vessels are “mini bulkers” with two cargo holds and ice class 1A, the builder said. The breadth of the ships is limited to 13.35 meters…
Great Workboats of 2017: Apply Now
Will your vessel be honored as a “Great Workboat of 2017” in the December 2017 edition of Marine News? Every year, Marine News profiles the most outstanding vessels built in shipyards in North America, recognizing builders, owners and designers as leaders in their field. This edition — the much anticipated end-of-the-year edition — generates much excitement, as your work is profiled and delivered to the largest audited b2b maritime industry audience in this genre.
MAN Introduces the 'Game Changer'
What would Rudolf Diesel say if he could see and compare his engine versus todays’ newest diesel engine development from MAN Diesel & Turbo? As the Augsburg based engine maker claims, “A cylinder output of 1,300 kW this engine puts us to the top.” The largest version of the new engines is a 20-cylinder unit (20V45/60) comes with a limit-pushing power output of 26 MW. The new MAN 45/60CR range is a striking combination of top performance, operational flexibility and reliability.
Panama Canal Aims to Spur Emissions Reductions
A new Emissions Calculator tool will offer shippers assessments of their carbon emissions, rank those who have reduced the most emissions by transiting the Panama Canal versus alternate routes and encourage action to reduce carbon footprints. “The Panama Canal has always been committed to reducing its carbon footprint and impact on the environment,” said Panama Canal Administrator Jorge L. Quijano.
ShipServ Appoints New Executive Management
Maritime e-procurement platform ShipServ said it has made new appointments at an executive management level, setting out to develop and deliver a range of new products and features in 2018 to help customers realize the opportunities of increased digitalization within the shipping industry. ShipServ’s former executive vice president and chief legal officer, Mikael Weis has moved into the position of COO…
JA Moody Acquires Pima Valve
Acquisition expands operational capabilities to include design and manufacturing and demonstrates commitment to U.S. based manufacturing sector. Moody says that it will provide a broader suite of products for its marine and commercial customer base. JA Moody, a privately held family business with its headquarters in Malvern, PA, that has been distributing valves and actuators to the U.S. DOD and commercial entities for 65 years…
Vietnamese Boat Refugees, Rescuers Reunited at SUNY Maritime
Five years after the U.S. withdrew from Vietnam, life was unbearable for those who fought beside their American allies. Seven-year-old Lauren Vuong and her family had no choice but to escape. They left under the cover of night, cramming 62 people into a small wooden boat in a life or death gamble. After 10 days of storms, they were lost at sea and nearly out of food, water and fuel. In those waning hours of hope, the American-flagged LNG Virgo spotted and rescued them.
Brent Crude at 27-month High Even as U.S. Exports spike
Saudi Crown Prince takes bullish stance on supply cut deal; U.S. crude inventories show surprise build even as crude exports hit new record four-week average. Brent crude closed at a 27-month high on Thursday as the market focused more on comments from Saudi Arabia about ending a global supply glut instead of an unexpected increase in U.S. crude inventories and high U.S. production and exports. Brent futures gained 86 cents…
Astomos and Elgas to Study LPG as Shipping Fuel
Tokyo-based Astomos Energy Corporation and , Australia’s leading LPG marketer and distributor have signed a Memorandum of Understanding(MOU) for the further study of LPG as a ship bunker fuel(LPG bunkering). LPG bunkering is a possible solution to meet the International Maritime Organization (IMO) shipping fuels SOx limit of 0.5% from 2020. This MOU will enhance cooperation between Astomos and Elgas across all aspects of LPG bunkering including the sharing of information…
Spot LNG Shiping Fleet's Operating Loss US$230m in 2017
The pressure on LNG shipping spot rates will continue for another year on account of strong fleet growth. However, rates should strengthen from 2019 as fleet growth slows and trade remains strong, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry. Spot rates (East of Suez) for modern LNG vessels averaged $33,000pd in the nine months to September 2017, an increase of 5% compared with the same period last year.
IMO Promotes Fishing Vessel Safety
When it comes to fishing vessel safety, the mission is clear, says Sandra Allnutt of the International Maritime Organization (IMO): enhance safety to save lives. “We want to reduce loss of life in one of the most dangerous professions in the world, and we want to enhance safety on board fishing vessels,” said Ms Allnutt, Head of Maritime Technology in IMO’s Maritime Safety Division, following a regional seminar…
USS Ashland Assists Distressed Mariners in Pacific Ocean
The Sasebo-based amphibious dock landing ship USS Ashland (LSD 48) rendered assistance to two distressed mariners, Oct. 25, whose sailboat had strayed well off its original course. The mariners, Jennifer Appel and Tasha Fuiaba, both from Honolulu, and their two dogs had set sail from Hawaii to Tahiti this spring. They had an engine casualty May 30 during bad weather but continued on, believing they could make it to land by sail.
Naviera Armas Buys Trasmediterranea from Acciona
Acciona has reached an agreement to sell its 92.7% stake in Trasmediterranea to the Naviera Armas Group. Acciona's stake is being sold for 260.4 million euros, and the buyer will assume 127.3 million euros of debt owed by Trasmediterranea to Acciona group companies. The final price could increase by up to 16 million euros as a function of the combined group's future EBITDA performance. This transaction sets the company's enterprise value (100%) at between 419 and 436 million euros.
Maritime Security for Sustainable Development
A gathering of navy chiefs from around the world have heard how effective, joined-up and forward-looking maritime security can be key to an efficient maritime sector, and, therefore, national and regional economic development. Forty-seven navies, including 29 Chiefs of Navies, and 11 international and national organizations participated in the XI Venice Regional Seapower Symposium in Italy (17-20 October)…
Volumes Up at Ports of Stockholm
All Ports of Stockholm freight segments increased during the first three quarters of the year in comparison to the same period of 2016. More and more goods are being transported by sea, directly to the growing Stockholm region. Over the first nine months of 2017 freight volumes increased substantially at Ports of Stockholm. This rise can be seen across all segments; ferry freight, containers and bulk cargo. “Freight volumes have increased considerably at all Ports of Stockholm ports.
Wison Inks LNG Tie-up with GTT
China’s Wison Offshore & Marine has signed a strategic cooperation agreement with GTT, a provider of design and engineering of containment systems for maritime transportation and storage of LNG. Pursuant to the agreement, both parties will conduct a cooperation work on various LNG projects, such as LNG Carrier, LNG FSRU (Floating Storage Regasification Units), FLNG (Floating LNG unit) or other LNG floating unit with GTT membrane tanks.
GTT Bags Samsung Heavy Order for FSRU
GTT, leading engineering company in containment systems for the shipping and storage in cryogenic conditions of LNG (liquefied natural gas) announces a new order from South Korean shipyard Samsung Heavy Industries (SHI) regarding a Floating Storage and Regasification Unit (FSRU). GTT will design the LNG integrated tanks. Its delivery is scheduled in late 2020. This contract is the sixth FSRU order obtained by GTT this year. GTT has already managed the new build of over 40 LNGC and FSRU.