Balearia’s 1st LNG-Fueled Ferry Hits the Water
Spanish shipping company Baleària Eurolínias Marítimas (Balearia)’s first of two liquefied natural gas (LNG)-fuelled ferries, Hypatia de Alejandría, has been floated out at the Italian shipyard Cantiere Navale Visentini. The first ferry named Hypatia de Alejandría was launched on March 30, Baleària said in a statement, adding that the vessel would begin serving the Balearic Islands early 2019. Baleària…
General Dynamics NASSCO Builds Second Matson Containership
General Dynamics NASSCO has started construction on the second ship in a two-ship series of Kanaloa-class containerships for Matson Navigation Company, Inc. Construction of Matsonia began with a ceremonial first cut of steel at NASSCO's San Diego shipyard where the first ship in the series, Lurline, is 15 percent complete. Both ships will transport containers, automobiles and rolling stock between the West Coast of the United States and Hawaii.
ONE Stakeholders Announce Completion of Investment Payment
Japan's Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha have announced the completion of payment for investment in their new joint venture in the container shipping business, Ocean Network Express Pte. Ltd. (ONE). The JV was established in July 2017, with service commencing on April 1, 2018 with a total investment of USD 3 billion. The JV will be offering 85 services, calling at over 200 ports in 100 countries.
GE Shipping to Buy Secondhand VLGC
India's largest private sector shipping company which mainly transports liquid, gas and solid bulk products Great Eastern Shipping Company Limited (GE Shipping) signed a contract to buy a secondhand Very Large Gas Carrier (VLGC) of about 81,617 cbm. The 2007 built vessel is expected to join the Company’s fleet in Q1 FY19. This is the second gas carrier in less than a week as GE Shipping looks to tap the rising demand to import liquefied petroleum gas (LPG) in India.
New Times Shipbuilding Launches Two Aframax for Frontline
On April 2, No.13 and No.14 111,000 DWT Oil Tankers launched successively from NTS drydock, both of which are built for Frontline. New Times Shipbuilding's CEO Liu Haijin and the representatives from the owner and ABS attended the launching ceremony, the company said in its press release. It has updated about the other deliveries in this year. On January 26, 2018, the closing ceremony for No.26 157,500 DWT Crude Oil Tanker was held in Shanghai.
Zamakona to Build Two Ships for Royal Arctic Line
Government of Greenland owned shipping company Royal Arctic Line A/S has signed a contract with Spanish shipbuilder Zamakona Yards for the construction of two reefer ships with and the concept design will be conducted by the norwegian company Havyard. The two vessels will replace Pajuttaat and the charter ship Vestlandia, built in 1979 and 1983 respectively. The ships are designed to operate in northwest Greenland and have greater capacity than current ships.
Port of Los Angeles to Get New Container Staging Facility
The Harbor Performance Enhancement Center (HPEC), a unique $130 million-dollar public-private partnership dedicated to facilitating sustainable freight movement and supply chain efficiencies throughout the United States, has completed a strategic transaction with Macquarie Principal Finance, to provide capital for the development of the 5.5 million square foot container staging hub located at Terminal Island in the Port of Los Angeles (POLA).
Photo of the Week
Cap San Antonio fully loaded on the way to the next Brazilian port. Herbert Boettcher took this photo for Hamburg Süd when he travelled on the container ship Cap San Antonio from Europe to South America and back to Hamburg. Boettcher started with his worldwide long time project Seamotion in 2004. Boettcher is a German professional photographer working worldwide for shipping companies to create photos of merchant ships with his unique visual language.
BSEE Inspects New Shell Appomattox Platform
As Shell finishes construction on its Appomattox Semi-Submersible Platform hull, Bureau of Safety and Environmental Enforcement engineers and inspectors signed off on several topsides components during a pre-production inspection March 27, 2018. Royal Dutch Shell plc, 79 percent owner and its partner, Nexen Petroleum Offshore U.S. A. Inc., a wholly owned subsidiary of CNOOC ltd, will operate the platform about 80 miles off Louisiana’s coast in the Mississippi Canyon.
Oil Spill Blaze Kills Two off Borneo Island
Thick black smoke rose from a fire at sea near Indonesia's Balikpapan Bay on Saturday (March 31) which had claimed the lives of at least 2 fishermen, local media reported police as saying. Video footage uploaded to a social media website showed thick plumes of dark smoke rising from the fierce fire as people on fishing boats watch from a distance. Indonesia's state owned oil and gas company Pertamina…
UN Blacklists Dozens over North Korean Smuggling at Sea
The United Nations Security Council blacklisted dozens of ships and shipping companies on Friday over oil and coal smuggling by North Korea, boosting pressure on Pyongyang as leader Kim Jong Un plans to meet with his South Korean and U.S. counterparts. The council's North Korea sanctions committee acted on a request by the United States, designating 21 shipping companies -- including five based in China -- 15 North Korean ships, 12 non-North Korean ships and a Taiwanese man.
OSV Market Poised for Growth -Report
The global offshore support vessel (OSV) market is expected to grow from an estimated $20.06 billion in 2018 to $25.66 billion by 2023, according to a recent report published by MarketsandMarkets. Ongoing offshore activities across the U.S., China, Brazil and the North Sea will help the market to expand at a CAGR of 5.04 percent during the forecast period, according to the report. Offshore exploration…
Schaller Takes Over as Head of the Voith Group
As of April 1, 2018, Stephan Schaller has begun in his role as head of the Corporate Board of Management at Voith GmbH & Co. KGaA and will lead the international technology company. He succeeds the long-serving head of the Board, Dr. Hubert Lienhard, who, at the age of 67, is retiring as planned. Schaller has supported Voith since 2015 as a member of Voith’s Shareholders’ Committee. Schaller has many years of international experience in various sectors and industries outside Voith.
Genco Sets Up Minor Bulk Subsidiary
Genco Shipping & Trading Limited announced it has established a European subsidiary in Copenhagen to be led by newly appointed Commercial Director, Minor Bulk, Europe, Sune Linné Fladberg.
Washington State: Hybrid Electric Ferries to be Considered
Washington Governor Jay Inslee has signed into law An Act Relating to Transportation Funding and Appropriations (SB 6106). Among other things, the bill includes $600,000 for development of a request for proposal to convert the three Washington State Ferry vessels in the Jumbo Mark II class to hybrid electric propulsion and make associated necessary 10 modifications to the Seattle, Bainbridge, Edmonds and Kingston 11 terminals. See the legislation here.
Trump to Unveil China Tariff List
The Trump administration this week will unveil the list of Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move…
Barge Company Fined for Fertilizer Spill into Columbia, Snake Rivers
A local barge company has been fined $18,000 for spilling 40,000 gallons of liquid urea ammonium nitrate into the Snake and Columbia rivers. Urea ammonium nitrate is a common fertilizer that is corrosive to steel. An investigation by the Washington Department of Ecology found that two steel tank barges owned and operated by Tidewater Barge Lines, Inc. were not properly maintained, causing the liquid fertilizer to spill into the rivers during three separate incidents in April 2017.
PIL Founder Steps Down as Chairman
The founded and Chairman of Pacific International Lines (PIL) Chang Yun Chung announced that he is stepping down and the current Managing Director SS Teo will take over from him. In a statement he said, "I wish to inform you that as part of PIL’s ongoing renewal and succession plan, I will step down as Chairman with effect from 1 April 2018. The Board has selected SS Teo, current Managing Director, to lead the Company in the role of Executive Chairman & Managing Director.
Qatargas, EGAT Exploring LNG Collaboration
Qatargas Operating Company Limited (Qatargas) and the Electricity Generating Authority of Thailand (EGAT) announced the signing of a Memorandum of Understanding (MoU) to explore collaborative efforts in the LNG business. Under the terms of the MoU, the parties will jointly identify and evaluate best practices in the LNG industry, particularly in the sharing of knowledge and expertise inprocurement of LNG, LNG transportation, and floating storage and regasification units (FSRU).
Thoresen Thai Buys Secondhand Bulker
Thoresen Thai Agencies Public Company Limited reported it has acquired a secondhand Supramax dry bulk vessel for a purchase price of $14 million. Known earlier as M.V. Albion and renamed M.V. Thor Caliber, the vessel has 58,700 deadweight ton (DWT) capacity and was built in 2008. With this additional vessel, the Thoresen-owned fleet comprises a total of 21 vessels with an average size of 54,512 DWT and an average age of 11.57 years.