73 Foss Maritime Vessels Earn Environmental Awards
With a combined 877 years without an incident, 73 Foss Maritime and subsidiary companies’ tugs and tank barges have been recognized by The Chamber of Shipping of America (CSA) for their environmental records. CSA announced the 2017 Environmental Achievement Awards on Nov. 8, 2017, in Washington, D.C. Foss and its sister companies have 39 vessels with 10 or more years without an environmental incident, with 11 of those vessels achieving 20+ years of environmental excellence.
US to Become Oil and Gas World Leader in Long Term - IEA
The head of the International Energy Agency Fatih Birol said on Thursday the United States would - in the long term - become the "undisputed leader of oil and gas production worldwide". Speaking at the U.N. climate conference in Bonn, Germany, he said the agency expected oil markets to rebalance next year if oil demand remained "more or less" as robust as it is today and if OPEC and non-OPEC continued with their oil production cuts. (Reporting by Ahmad Ghaddar; Editing by Mark Potter)
Pakistan LNG Import Project Consortium Folds -Hoegh LNG
A consortium behind a liquefied natural gas (LNG) import project in Pakistan, including oil giant Exxon Mobil, France's Total and Qatar Petroleum, has been dissolved…
Catching a Jones Act Seaman’s 'Golden Parachute'
A challenging offshore environment produces a different but equally difficult development. Will you be ready when it comes to your fleet? Unfortunately, our industry continues to suffer due to the depressed oil prices that started in 2014. When the price of oil initially dropped, the industry’s outlook remained positive, and I remember hearing the mantra: “Stay lean for 2015.” Everyone thought that oil prices would rebound in short order and that we were only weathering a short downturn.
The Digital Voyage: 'Onboarding' Shipping to the Digital Age
At Nor-Shipping this year, Akzonobel announced the official launch of its ‘Digital Voyage’ strategy. This program builds on the foundations laid two years ago when the firm launched Intertrac Vision, the industry’s first Big Data tool for predicting coating performance. The Digital Voyage outlines the goal of putting a wealth of knowledge in the hands of ship owners and operators, and helping them make smarter, more economical and environmentally friendly decisions.
Inside the World's First LNG Containership Conversion
The world’s first container feeder vessel refit to use natural gas was commissioned in late August in Bremerhaven, ushering in a new era in the use of alternative fuels across the global maritime sector. The container vessel Wes Amelie, owned by Wessels Reederei, Haren/Ems, was converted for the use of methane as a standard fuel at the German Dry Docks Shipyard in Bremerhaven, making it the world’s first of its kind vessel which consumes environmentally friendly methane.
STX France Hosts Double Event for MSC Newbuilds
Shipbuilder STX France hosted a coin ceremony for MSC Bellissima as well as the cutting of first steel for the MSC Cruises’ first Meraviglia-Plus class ship, representing construction milestones for two of the cruise line’s four new ships simultaneously under construction. The other two vessels, MSC Seaside and MSC Seaview, are currently being built at Fincantieri in Italy. The MSC Cruises newbuilds are part of the company’s 10-year…
Teekay LNG Partners Launches New Multigas Pool
Teekay LNG Partners L.P. launched a new in-house commercial management for ethylene-capable liquefied petroleum gas (LPG) and small-scale liquefied natural gas (LNG) vessels.
Offshore Oil Service Firms Dominate Energy Bankruptcies
Offshore oil drilling and service companies, hurt by the energy industry's shift to lower-cost shale and away from deepwater projects, are dominating the year's energy bankruptcies in North America, according to law firm Haynes and Boone. There were fewer oilfield service companies seeking protection this year than last but those that did have had larger debts. Through October, 44 oilfield services companies filed for bankruptcy in the United States and Canada owing creditors $24.8 billion…
OOCL Introduces China Pakistan Express 3
Following its announcement of the China Pakistan Express 2 (CPX2) last week, Orient Overseas Container Line Limited (OOCL) is all set to introduce the China Pakistan Express 3 (CPX3), another new Intra-Asia service to expand its product portfolio by providing a more comprehensive service network connecting the markets of India and Pakistan. The CPX3 provides additional sailing frequency from Central China to Mundra and strategically expands its service coverage in Pakistan.
Port of Hamburg handles 104 MT Cargo in 9 Months
Comprising the general and bulk cargo segments, seaborne cargo handling in Hamburg during the first nine months at 104.3 million tons was at a stable level. At 6.8 million TEU (20-ft standard containers), throughput of containerized general cargoes continued to grow; while at 34.1 million tons, bulk cargo throughput remained just below the previous year’s figure. For Port of Hamburg Marketing, the excellent trend in container traffic with Canada is a gratifying pointer.
Crude Tanker Shipping Market to Get Hurt in 2018
Crude tanker freight rates are expected to decline further in 2018 following a sharp decline in 2017, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry. Although tonnage supply growth in the crude tanker market is expected to be low next year after surging in 2017, this will not be enough to push tonnage utilisation rates higher as demand growth is expected to be sluggish.
Diana Shipping Time Charter for Naias With Phaethon
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Naias. The gross charter rate is US$10,000 per day, minus a 5% commission paid to third parties, for a period of about 15 months to maximum 18 months. The charter is expected to commence on November 24, 2017.
APM Terminals Liberia Aids Local Health Outreach
APM Terminals Liberia participated in a local medical outreach program organized by First Responders Liberia, Inc., as part of a 10-day program to provide access for an estimated 4,000 Liberians. APM Terminals Liberia is providing logistical support to the medical team of 30 professionals from the USA who are volunteering their services. APM Terminals Liberia Managing Director George Adjei said, “We…
ESPO Supports CO2 Emissions Agreement
Last week, the European Parliament and the Council reached an agreement with regard to the CO2 emissions from shipping and agreed to align any EU action with the IMO timeline. This compromise is a part of the first reading agreement on the review of the EU Emission Trading Scheme (ETS) Directive. The agreed text wants the IMO to introduce an ambitious emission reduction target and accompanying measures by 2023.
Newcastle’s Operations Complete
HMAS Newcastle has rounded out her busy six-month deployment to the Middle East, completing some ‘firsts’ and ‘lasts’ for Australian Navy ships in the region. During her demanding deployment, she patrolled about 25,500 nautical miles or five times the distance around Australia. She conducted a range of Combined Maritime Forces operations, including an attachment in support of the USS Nimitz Carrier Strike Group, and trialled emerging naval capabilities.
INS Sarvekshak in Joint Hydrographic Survey with Tanzanian Navy
In an initiative to bolster bilateral relations with friendly foreign countries and navies in the Indian ocean region, INS Sarvekshak, a hydrographic survey ship of Southern Naval Command, arrived at Dar-es-Salaam Tanzania on 15 November 2017 for undertaking joint Hydrographic Survey along with the Tanzanian Navy. The joint survey will be conducted with the Naval personnel of Tanzania who have been trained in India in National Institute of Hydrography, Goa.
Andreas Nordseth is New Chairman of EMSA’s Administrative Board
Director General of the Danish Maritime Authority (DMA), Andreas Nordseth, has just been elected Chairman of the Administrative Board of the European Maritime Safety Agency (EMSA). "EMSA provides a very important contribution to maritime safety and environmental protection in Europe. Besides ensuring uniform implementation of legislation across Europe, EMSA puts great effort into implementing new technologies and digitalising shipping- which is also of importance to Blue Denmark.
ABS Raises Cyber Awareness to Marine Insurance Industry
ABS Chairman, President and CEO calls upon insurance industry and class to work closer together in addressing the next-generation safety system. Christopher J. Wiernicki, Chairman, President and CEO of ABS, addressed the American Institute of Marine Underwriters (AIMU) today, describing the future of maritime safety and risk mitigation as it relates to cyber safety as well as outlining how the classification…