APM Terminals Mumbai Handles Record Volumes
APM Terminals Mumbai, India handled a record 2.3 million TEUs during its 2017-2018 financial year. This is the terminal’s highest volume since the terminal was built in 2006. The terminal received over 633 vessels over the course of the year. The terminal is no stranger to records. In financial year 2014-2015 the terminal already created the Indian National Maritime Record handling 2.01 million TEUs, approximately 20% of India's containerized cargo.
NYK, Oyak to Build Car Terminal in Turkey
Turkey’s Oyak Group - owner of the country’s biggest steel producer, Erdemir Group - is to invest in a car logistics terminal in Yarimca port near Istanbul in partnership with Japan’s Nippon Yusen Kaisha (NYK Line). According to a Reuters report, the investment will be $110 million. According to NYK press release, Süleyman Savaş Erdem, general manager of OYAK, and Koichi Chikaraishi, NYK representative director and senior managing corporate officer…
A.P. Moller Holding Appoints Jan T. Nielsen as CIO
Jan Thorsgaard Nielsen, Senior Managing Director of Blackstone, is appointed Chief Investment Officer (CIO) of A/S. A P Moller Holding (APMH). APMH is a privately owned holding company and is the biggest shareholder in A P Moller-Maersk (APM), the Danish shipping giant. Jan T. Nielsen holds a Cand. Oecon. from Aarhus University, Denmark, and has been with Blackstone since 2005. He started working for…
India Ports Register 4.77% Growth During 2017-18
The major ports in India have recorded a growth of 4.77 per cent and together handled 679.35 Million Tonnes of cargo during the period April 2017 to March 2018 as against 648.39 Million Tonnes handled during the corresponding period of previous year. Nine Ports - Kolkata (including Haldia), Visakhapatnam, Paradip, Kamarajar, Chennai, Cochin, New Mangalore, JNPT and Deendayal also registered positive growth in traffic.
SHI Bags a 180K LNGC Investment with an Option
Samsung Heavy Industries(SHI) revealed on March 5, 2018 that one 180K ㎥ LNG carrier newbuilding has been approved by the board of an overseas owner. The contract, is subject to agreement on the shipbuilding contract terms, which are scheduled to be agreed by March 9, 2018. SHI have granted an option for a further shipbuilding contract which remains subject to overseas owner board approval. SHI's 2018 orders so far include 8 containerships…
Port of Tallinn Freight Volume Grows to 5mln Tons in Q1
In the first quarter of 2018, 5.01 million tons of cargo and 1.92 million passengers passed through the harbours of Port of Tallinn. The cargo volume increased by 0.3 % and passenger number by 0.2 % compared to the same period last year. According to Port of Tallinn’s CEO Valdo Kalm the comparison of the results of the first quarter shows a positive sign in cargo volume in a long time. "The decline in cargo volume has stopped and even shows a slight increase…
Samsung Heavy Industries Wins a LNGC Duo for USD 370 mln
Samsung Heavy Industries(SHI) revealed on April 4th that a contract for two 174,000㎥ LNG carriers on BOD approval term. The price is 184 million USD per vessel(around KRW 195 billion). The latest LNGCs would be delivered in July and October 2020. The contract comes with option for two. The LNG carriers would be equipped with Mark-Ⅲ Flex type containment system with re-liquefaction to lower BOG. The vessels are loaded with fuel saving technologies customized for the owner's operational needs.
VT Halter Opens New Paint Facility
VT Halter Marine Inc. has unveiled its new state-of-the-art blast and paint facility that will allow ship sections to be prepared, blasted and painted in a controlled environment. The ceremony included a keynote speech given by Senator Roger Wicker, U.S. Senator for the state of Mississippi.“The installation of this new blast and paint facility is to incorporate cutting-edge technologies in our marine construction programs.
US Interior Secretary Sees Little Demand for New Offshore Drilling
U.S. Interior Secretary Ryan Zinke said on Friday that he sees little demand from oil and gas companies for new offshore drilling leases, which could pose problems for his plan to ramp up output from federal waters.The comments come just three months after Zinke had proposed opening nearly all U.S. ocean coastlines to drilling, in a bid to raise domestic oil and gas production. The plan sparked immediate protests from coastal states…
Horizon Shipbuilding Hard at Work
2018 has been a busy year thus far, says Gulf of Mexico shipyard Horizon Shipbuilding, Inc. The Alabama shipbuilder, which announced reorganization plans in September 2017 amid insufficient revenues, says it is presently working on a steady stream of both new construction and repair projects. “Our continued production testifies to Horizon’s unwavering commitment to our customers, vendors and friends,” said Lance C. Lemcool, Horizon’s vice president.
Huisman Taps Bruijninckx as CEO
Huisman announced Theo Bruijninckx has been appointed as the company’s new chief executive officer to replace Joop Roodenburg, who decided to step down to the president role. Bruijninckx joined Huisman as chief financial officer and member of the board in May 2017. In his new role as CEO, he is responsible for the daily operation of the company, while Roodenburg will focus on the development of technical solutions and customer relationships. “Since 1981 Huisman is a family owned business.
Kudlow says U.S.-China Trade Talks Are Ongoing
There are ongoing talks on trade between the United States and China, White House economic adviser Larry Kudlow said on Friday but he did not specify at what level the negotiations were occurring.
By the Numbers: Barge Transportation Market
Barge transportation comprises an extensive network, ideal for carrying seaborne cargo to inland destinations and exports alike. Responsible, in part, for the worldwide trade of bulk transport, the industry is of great significance to the agricultural sector. In North America, The Army Corps of Engineers maintains and operates over 12,000 miles of canals, rivers, and inland waterways. The Illinois…
Response to Mackinac Spill Continues
A U.S. Coast Guard marine science technician and an environmental quality analyst for Michigan's Department of Environmental Quality surveyed the Straits of Mackinac onboard a vessel Thursday. The responders did not identify any mineral oil sheens, signs of pollution, or adverse impacts to the environment or wildlife. Earlier this week, hundreds of gallons of mineral oil has been released from a leaking underwater utility line in Michigan’s Straits of Mackinac. Members of the U.S.
Baltic Index Down for Seventh Straight Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched lower on Friday as losses in smaller vessel segments were offset by stronger rates for capesizes. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down five points, or 0.5 percent, at 948 points, its lowest since July 31, 2017. The capesize index gained 15 points…
Norway to Order Coast Guard Vessels from Fincantieri
Norway plans to order three vessels for its coast guard from the Vard Langstein shipyard, the Ministry of Defence said in a statement on Friday. The 6.8 billion Norwegian crowns ($869.44 million) contract is dependent on approval by parliament and on final negotiations with the supplier, the ministry added. The yard is part of the Vard group, majority owned by Italy's Fincantieri. Reporting by Terje Solsvik
Buckeye, Trafigura Load Suezmax Tanker in U.S. Port
U.S. midstream oil firm Buckeye Partners and commodities trader Trafigura said on Thursday that modifications to their terminal in Texas to accommodate large tankers were completed and the first shipment of crude on a Suezmax tanker took place. The Buckeye Texas Hub terminal located in Corpus Christi shipping channel is 80 percent owned and operated by Buckeye while Trafigura holds a 20 percent stake. "North American supplies have launched the U.S. on to the world stage as a new crude provider.
SCF Secures Funds for Six Aframax Tankers
PAO Sovcomflot (SCF Group) informed that it has signed a new $252 million 7-year credit facility with a consortium of six leading international banks, which includes: ABN AMRO Bank; BNP Paribas; Citibank; ING Bank; KfW IPEX-Bank, and Société Générale. The funds will be used towards financing a series of six Aframax tankers, the first-ever such vessels purpose-designed to be powered by LNG, currently under construction and due for delivery from Q3 2018 to Q2 2019.
Austal bags $10m US Navy Contract
Austal announced the United States Department of Defense has awarded Austal USA US$10,252,142 for a cost-plus-award fee against a previously awarded Basic Ordering Agreement. The order provides engineering and management services for advanced planning and design in support of the post shakedown availability for Littoral Combat Ship, USS Manchester (LCS14). Austal will provide program management, advanced planning, engineering, design, material kitting and subcontract management.
LNG Ships: Two DSME Orders for GTT
GTT announces it has received at the end of March, an order from the South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) for the design of the LNG tanks of two LNG carriers (LNGC). Each offering a capacity of 173,400m3, these units will be built at DSME's shipyard in Geoje, Korea, on behalf of a European ship-owner. The tanks will be fitted with the NO96 GW technology. Their delivery is expected for the first half of 2020.