Flex LNG Charters New LNG Carrier to Enel
Flex LNG , a global shipping company specializing in the ownership of LNG carriers, announced that through a separate wholly-owned subsidiary, it has entered into a time-charter agreement with Enel Trade, a company of the Enel Group, a multinational power company and one of the world's leading integrated electricity and gas operators. The time charter period of 12 months will commence during the second half of 2019.
Port of Rotterdam Authority Launches New Pronto Application
Port of Rotterdam Authority presented the first version of its new digital application Pronto. Pronto constitutes a major step forward when it comes to improving efficiency for the some 30,000 vessels that call on Rotterdam every year. The application allows ships visiting the port to cut their waiting time by an average of 20 percent. The application enables more effective utilisation of capacity at the port terminals…
European Shipowners Welcome EU Trade Agreements with Japan, Singapore
The European Commission presented trade agreements with Japan and Singapore to the Council to eventually be adopted. The European shipowners are very pleased that the first step towards the conclusion of these agreements has been taken. “With Japan and Singapore agreements Europe sends a strong message to the world in support of fair and regulated trade”, said European Community Shipowners’ Associations (ECSA) Secretary General Martin Dorsman.
London Thamesport Boosts Short Sea Capacity
Dutch-based transport company A2B-online Container B.V. has added a fourth weekly sailing on its service between Hutchison Ports London Thamesport and Moerdijk in The Netherlands. The new sailing is inaugurated today (18 April 2018) by the first call of the m.s. A2B Spirit (ex-Norfeeder), a Sietas 151 type 508 TEU container ship, the fourth of this class owned and operated by A2B. Commenting on the new sailing…
Diana Shipping Signs Time Charter Contract With Cargill
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Santa Barbara. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$20,250 per day, minus a 4.75% commission paid to third parties, for a period of about 18 months to about 19 months.
President of Cyprus visits IMO
Cyprus’ President, Nicos Anastasiades, visited International Maritime Organization (IMO) Headquarters, London, yesterday (18 April), touring the building, meeting senior staff and exchanging ideas about the future of shipping. The President was received by IMO Secretary-General Kitack Lim, who expressed his appreciation for Cyprus’ involvement in IMO’s work as a Member State of the Organization, and looked forward to further cooperation in the future.
Libya Cracking Down on Fuel Smuggling
Libya's National Oil Corporation (NOC) is considering using a chemical marking system to help trace oil products smuggled out of the country, its chairman said on Wednesday. Mustafa Sanalla also called on a European Union naval mission to combat smugglers by seizing their ships in the Mediterranean, said the United Nations should consider sanctioning smugglers, and urged Libya to reform massive subsidies that allow fuel to be sold for as little as 2-3 U.S. cents per liter.
Video: Fishing Vessel Ablaze off California
The U.S. Coast Guard said it is responding to a vessel fire near Trinidad, Calif. on Wednesday.A helicopter aircrew from Coast Guard Sector Humboldt Bay has deployed in response to the fire aboard commercial fishing vessel Midori off the northern California coast.The Coast Guard said it also launched a 47-foot Motor Lifeboat crew from Station Humboldt Bay to assist the stricken vessel.
New Ro/Ro Facility Coming to Alabama
Plans are in motion to develop a new vehicle processing roll-on/roll-off (RO/RO) facility at Alabama’s Port of Mobile in the U.S.Today in Buenos Aires, Argentina, the Alabama State Port Authority signed a Memorandum of Understanding with AutoMobile International Terminal, a joint venture of Terminal Zárate S.A. and SAAM Puertos S.A., to develop and operate the new $60 million facility, which is expected…
Retlif Celebrates 40 Years
Retlif Testing Laboratories, a global strategic compliance organization, is celebrating its 40th year of operations which will be marked with recognition events throughout 2018.In conjunction with its milestone anniversary, Retlif President Walter Poggi announced expanded ballast wastewater testing to reduce risks associated with the spread of aquatic invasive species in U.S. coastal waters, lakes and rivers, as well as expanded nuclear RS-105 EMP testing services.
Grindrod Sells Off Bunker Division
South African ship owner Grindrod has sold its bunker division, Unicorn Bunker Services (Pty) Ltd., for an undisclosed sum to new co-owners WOESA (Women in Oil and Energy South Africa) and Linsen Nambi.Financed through the Industrial Development Corporation (IDC), the deal creates the nations first 100 percent black ship owners and facilitates the participation of black women and black youth in the…
2020 Low-sulfur Rule to Trigger Huge Disruptions -IEA
The shipping industry and oil refineries are not doing enough to prepare for new rules cutting the amount of sulfur that vessels can emit from 2020, according to the head of the International Energy Agency's (IEA) oil industry and market division.The new rules drastically cut the amount of sulfur that the world's ships can emit, from 3.5 percent currently to just 0.5 percent. Ships that install "scrubbers" that remove sulfur as the fuel is burned can continue to use higher sulfur fuels…
US-flag Great Lakes Shipping Down in March
Cargo moved by U.S.-flag Great Lakes freighters in March decreased 13 percent compared to a year ago, the Lake Carriers’ Association reported. However, the March float of 1.8 million tons topped the month’s five-year average by more than 15 percent.Iron ore cargos for steel production dominated the month. Cargos totaled 1.4 million tons, a decrease of 17 percent. That no iron ore moved from Escanaba, Mich., is a factor in the decrease.
Eni has no plans to pull out of Rosneft deal after sanctions
Italian oil major Eni has no plans to pull out of its joint venture with Russia's Rosneft despite escalating sanctions against Russia, the head of Eni said on Wednesday."We certainly have not pulled out, we're working with them," CEO Claudio Descalzi said on the sidelines of a conference.Eni, one of Europe's biggest importers of Russian gas, extended a cooperation agreement with Rosneft last year to explore the Russian Barents Sea and the Black Sea, and to consider further opportunities together
Queen Elizabeth 2 Reopens as Floating Hotel in Dubai
The Queen Elizabeth 2 (QE2) ocean liner has been given a new lease of life as a floating hotel in Dubai, 10 years after the Gulf Arab emirate bought it for $100 million.State-owned Dubai World bought the QE2 from Cunard Line in 2007, but the 2008 financial crisis delayed any plans for the 40-year-old vessel, one of the world's most famous ships.Now the QE2, permanently moored at Mina Rashid port, has been refurbished based on the original design…
LNG Tanker Sailing to Netherlands' Gate Terminal
Liquefied natural gas (LNG) tanker Vladimir Rusanov set to arrive at Netherlands' Gate terminal on April 25, according to Reuters shipping data.The tanker has a capacity of 170,000 cubic metres and is coming from Russia's Yamal LNG terminal.The tanker went to Gate terminal earlier this month. Reporting by Nina Chestney
Baltic Index Jumps 7%
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, surged about 7 percent on Wednesday to register its biggest one-day percentage gain since November 2016, boosted by improving capesize activity. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 72 points, or 6.8 percent, at 1,124 points, the highest since March 26. The index has risen for the eighth straight session.
New Japanese-built LNG Carrier Named
A naming ceremony was held for a new liquefied natural gas (LNG) carrier, Diamond Gas Orchid, at Mitsubishi Heavy Industries Ltd.’s Nagasaki Shipyard.The newbuild, owned by Diamond LNG Shipping 1 Pte. Ltd., a 50/50 joint venture company between NYK and Mitsubishi Corporation (MC), will sail under a long-term time-charter contract with MC’s wholly owned subsidiary in Singapore, Diamond Gas International Pte.
BIMCO’s Market Analysis Team Launch Supply Side Graph Section
BIMCO’s Market Analysis Team launches a graph section, where BIMCO members can get an overview of a specific sector and how the supply side of that sector develops. “We have structured the data and made it easily available through our website. In this way our members will follow the most recent developments affecting their core interest. This gives them an unbiased and transparent tool for their decision-making process.
Langh Tech Warns of Sulphur Fuel Carriage Ban Impact
Finland-based exhaust gas cleaning firmLangh Tech has explained how last week’s decision to prohibit the carriage of noncompliant fuel oil will have a material and technical impact on commercial ship operations.In a special panel session during the Sulphur Cap 2020 conference in Amsterdam, Langh Tech Managing Director Laura Langh-Lagerlof told delegates, “If such measures are adopted, any shipowner…