CMA CGM Buys Stake in CSP Zeebrugge Terminal
French container carrier CMA CGM announced Friday it has acquired from CHINA SHIPPING Ports Development Co. Limited, a wholly-owned subsidiary of COSCO Group, a 10 percent equity interest in CSP Zeebrugge Terminal NV, through its wholly-owned subsidiary CMA Terminals.CMA CGM is currently the major client of the Belgian container terminal and accounted for one third of CSP Zeebrugge's total throughput…
Samson Launches Solution to Streamline MEG4 Transition
Samson, the developer of high-performance synthetic rope solutions and global market leader in commercial marine applications, has launched a new integrated technology and service solution, Icaria, designed to facilitate the transition process to MEG4 operational best practices.OCIMF’s release of the fourth edition of its Mooring Equipment Guidelines marks a significant change in how mooring systems will be designed, selected, maintained and retired.
Baltic Index Rises on Higher Capesize Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Friday on higher capesize rates.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, increased 32 points, or 1.9 percent, to 1,689 points.* The capesize index rose 75 points, or 2.4 percent, at 3,205 points. The index hit a seven-month high of 3,335 points on Tuesday.
Another Ferry Delivered to MBTA in Boston
Glory, the second Incat Crowther designed 27m catamaran ferry built by Gladding Hearn for MBTA of Boston has been delivered following on from sister ship Champion.When Champion was launched late last year, she was the 500th Incat Crowther designed vessel to enter service; Glory takes that number to 529. At the heart of that growth is a range of multi-vessel mass transit projects, such as a quartet of vessels for San Francisco’s WETA and 18 vessels for NYC Ferry in New York.
Maritime Operators Embrace Digital Transformation
As maritime operators deal with challenging operating conditions, many are embracing digitalization as the most reliable way to lower operational costs and improve vessel efficiency.According to research conducted by Lloyds List Intelligence and Ovum, two-thirds of vessels use digitalization systems onboard. According to the executives surveyed, this is being driven by a desire to improve operating efficiency, with 88 percent already working toward that goal.
Sembcorp Marine Swings to Q2 Loss
Singaporean rig builder Sembcorp Marine Ltd swung into the red in the second quarter, and cautioned a trend of negative operating profit would continue in the near term as overall business volume remains low.It turned in a loss of S$55.6 million ($40.68 million) for the three months ended June, compared with a profit of S$5.1 million in the same period a year ago.Sembcorp Marine, majority owned by industrial conglomerate Sembcorp Industries Ltd…
S.Korea LNG Imports Set to Ease from Record
South Korean imports of liquefied natural gas are set to ease from record levels racked up in the first-half of the year, with appetite for the fuel from utilities seen fading as a raft of nuclear power stations come back online.The country's imports of the commodity jumped nearly 16 percent year-on-year to a record 22.7 million tonnes in the first six months of 2018, according to customs data in mid-July…
LNG Powered ConRo Ship Delivered to Crowley
U.S. based Crowley Maritime Corp. has taken delivery of one of the world’s first combination container/roll on-roll off (ConRo) ships powered by liquefied natural gas (LNG), from shipbuilder VT Halter Marine Inc. The Jones Act compliant El Coquí is the first of two Commitment Class, LNG-powered ConRo ships being built for Crowley’s shipping and logistics services between Jacksonville, Fla., and San Juan…
Iceland’s Samherji Buys Stake in Eimskip
Icelandic fisheries company Samherji though Samherji Holding has acquired a substantial share in Eimskip, Iceland’s longest-established and largest shipping operator.The company has a total of 25.3% stake in the company and the purchase price is about 11 billion Icelandic krona. Samherji Holding is a subsidiary of Samherji's foreign operations. The seller of the stake is the US investment fund Yucaipa.The purchase will give Samherji an investment in a major logistics firm that has 22 vessels…
UAE's Adnoc Awards USD 1.6bln Contract to China’s CNPC
The Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth AED 5.88bn (US $1.6bn) for the world’s largest continuous 3D onshore and offshore seismic survey, covering an area up to 53,000 square kilometres, as the company continues to identify and unlock new opportunities and maximize value from its hydrocarbon resources and deliver on its 2030 smart growth strategy.Adding to the 2D and 3D seismic data already acquired across Abu Dhabi…
Carnival Corp Meets CO2 Reduction Goal
Carnival Corporation, the world's largest leisure travel company, released its eighth annual sustainability report, announcing that in 2017 the company achieved its 25 percent carbon reduction goal three years ahead of schedule and is on track with its nine other 2020 sustainability goals.Looking to the future, the company continues to chart its sustainability journey, using the United Nation's 17 Sustainable Development Goals as a framework to identify new environmental management…
Cepsa, GP Global to Produce Marine Lubricants in India
Cepsa and Global Energy Private Limited (GPGEPL), part of UAE-based global conglomerate GP Global, have announced an exclusive partnership to manufacture and market Cepsa branded marine and power generation lubricants in India.As per the agreement, GP Global will manufacture, package and even import Cepsa branded lubricant products in India.“India is a huge market for port modernization and coastal shipping development. Major initiatives have been taken in this direction by our government.
Amsterdam Sea Lock May Add Special Passage Regime
The National Water Distribution Committee has issued a request for measure scenarios to be formulated, with the aim of limiting saltwater intrusion via the locks at IJmuiden as a result of the drought in the Netherlands.These scenarios are currently being developed. One possible option is to introduce a special passage regime, whereby filling the locks when empty will be limited as far as possible.There is a drought in the Netherlands and thus a shortage of fresh water.
London P&I Club Setting up Cyprus Office over Brexit
British ship insurer London P&I Club is setting up a new subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access, the group told Reute
Update: 17 Dead after Missouri Tourist Boat Sinks in Storm
Divers on Friday pulled the last four bodies from the wreckage of a "duck boat" that sank in a storm in a Missouri lake, killing 17 people in one of the deadliest U.S.
Fincantieri Starts on Second Ship for Virgin Voyages
A steel cutting ceremony held today at Fincantieri’s Sestri Ponente (Genoa) shipyard marked the official start of construction for the second of three cruise ships on order for Virgin Voyages (part of Virgin Group). During the event, Virgin Group Founder Sir Richard Branson and Virgin Voyages President and CEO Tom McAlpin, welcomed by Giampiero Massolo and Giuseppe Bono, Chairman and CEO of Fincantieri…
Ice-Breaking LNG Carrier Vladimir Rusanov First Call at PetroChina LNG Jiangsu Terminal
Mitsui O.S.K. Lines (MOL) announced that the Ice-Breaking LNG Carrier "Vladimir Rusanov", which is jointly owned by MOL and China COSCO Shipping Corporation Limited for the Yamal LNG project, made its first call at PetroChina LNG Jiangsu Terminal in China on 17 July.A ceremony celebrating this milestone was held on 19 July.At the end of March 2018, the vessel started transportation services for LNG produced by the Yamal LNG plant at Sabetta port in Russia.
Cochin Port to Roll-out New Cruise Terminal
A new Cruise Terminal having facilities to handle 5000 tourists will come up at Ernakulum Wharf of Cochin Port, India by February 2020. Cochin Port Trust has issued work order to the contractor today for commencing the construction of the new Cruise Terminal.The facilities inside the Terminal, having 2253sq mtrs area, would include passenger lounge, crew lounge, 30 immigration counters, 8 customs clearance counters…
MOL buys Eni's Adriatic Offshore Gas Stakes
MOL Group’s Croatian INA agreed to buy Eni Croatia BV, a wholly-owned member of Eni Group, through which Eni participated in the joint project of gas production in Croatia’s offshore areas Northern Adriatic and Marica.INA will become the 100% owner and the sole operator of the Northern Adriatic and Marica fields after all conditions are fulfilled, including receiving clearance from the antitrust authorities…
Multi Modal Terminal on Ganga at Varanasi Nearing Completion
The USD 25 mln Multi Modal Terminal (MMT) being built at Varanasi by Inland Waterways Authority of India (IWAI) under Jal Marg Vikas project is set to be completed by November this year. This would be a major landmark for the project.The construction of the USD 41 mln MMT at Sahibganj is to be completed by May, 2019, and the one at Haldia, being constructed at a cost of USD 75 mln, is scheduled to be completed by December 2019.