Neste Launches IMO 2020 Compliant Fuel
Finland-based refiner Neste Corporation will begin to sell a low-sulfur marine fuel in northwest Europe in the fourth quarter of 2019.From January 1, 2020, the International Maritime Organization (IMO) will enforce a 0.5% global sulfur cap on fuel content for areas currently with 3.5% limit.In these areas, all vessels will be required to use fuel with a maximum sulfur content of 0.5%, unless they use…
Port of Hamburg Reports Strong Growth in H1
Germany’s largest universal port Port of Hamburg remains on a growth course, achieving a distinct 4.1% advance to 69.4 million tons in seaborne cargo handling in the first half of 2019."Especially good growth trend in the general cargo segment, up 6.1 percent at 48.4 million tons, was the main contributor to the excellent figures for total and container handling," said a press release from the third…
Teekay Adds 4th Arc 7 Icebreaking LNG Carrier
Bermuda-headquartered Teekay has taken delivery of Vladimir Voronin, the fourth in a series of six Arc 7 icebreaking liquefied natural gas (LNG) carriers intended for Yamal LNG project."Named after the famous Soviet sea captain, we have recently taken final delivery of Vladimir Voronin HN 2431, the fourth in the series of our six Arc 7 ice breaking LNG newbuilds," said a press statement from Teekay…
World's Longest Wind Turbine Blade Reached UK
The world’s longest offshore wind turbine blade has arrived in Northumberland, UK to be tested at the Offshore Renewable Energy Catapult site.The 107-metre blade will be used on the most powerful wind turbine in commercial development – the 12MW Haliade-X from GE Renewable Energy.The blade will undergo a full range of advanced testing procedures, demonstrating its ability to withstand peak wind conditions and simulating its readiness for years of operation at sea.
MODEC Raises $1bln Bond for FPSO Project
Japanese FPSO provider MODEC has decided to issue project bonds to international investors to refinance a floating production, storage and offloading (FPSO) vessel chartered to the TUPI consortium.TUPI consortium is led by Petrobras with the aim of strategically diversifying its financing sources for MODEC’s entire FPSO charter business.MODEC, a unit of Mitsui E&S Holdings that builds floating oil-drilling platforms…
AMSC Bags Wind Turbine ECS Order from AMSC
The US-based energy solutions provider AMSC announced it has received a $9 million order for its 5.5 MW wind turbine electrical control systems from the Korean power company Doosan Heavy Industries & Construction (DHIC)AMSC signed an agreement with the South Korea’s wind turbine manufacturer in calendar year 2017 for the rights to design and exclusively supply ECS units to Doosan’s 5.5-megawatt offshore wind turbine.The initial 5.5 MW systems were ordered in January 2018…
Gazprom Lead Oil and Gas Growth Worldwide
Russian giant Gazprom saw the most production growth among world’s exploration and production (E&P) companies during the five-year span from 2014 through 2018.It’s followed by Chinese player PetroChina Company Limited and U.S. shale company EQT Corporation ranking second and third, respectively, said energy research firm Rystad Energy.Onshore resources – whether conventional or unconventional – are a major driver of growth…
World’s Largest Electric Ferry Completes Maiden Voyage
E-ferry Ellen, the world's largest all-electric ferry, made its first commercial trip connecting the ports of Søby and Fynshav (Denmark).Switzerland-based battery system provider Leclanché SA has powered the vessel, capable of carrying approximately 30 vehicles and 200 passengers, with a capacity of 4.3MWh.Participating in this event celebrating the first scheduled ferry service between the two Danish islands were the respective mayors of the two municipalities…
Seven Vessels Added to CTM's RSA
C Transport Maritime (CTM), the vessel management company in the dry cargo ocean transport industry, announced that four of its current members have added seven more vessels to the Supramax Revenue Sharing Agreement (RSA) in July and August 2019.According to the Monaco-based provider of ship management service, Chandris (Hellas) added the M/V Serene Juniper (57,185 dwt, 2011 built at STX Dalian).D’Amico Group added the M/V Medi Hakata (58…
German Award for AIDA Cruises
AIDA Cruises' newest ship AIDAnova recognized with prestigious international certification for excellence in environmentally friendly ship design by Germany's Federal Ministry for the Environment.Carnival Corporation, the world's largest leisure travel company and the owner of German brand AIDA Cruises, said that AIDAnova features several innovative approaches to "green cruising," including being the first cruise ship capable of being powered in port or at sea by liquefied natural gas (LNG)…
Kinder Morgan Invest $170Mln in Houston Ship Channel
Houston pipeline operator Kinder Morgan (KMI) plans to invest $170 million in various expansion projects along the Houston Ship Channel.The investment will increase efficiency, add product liquidity, and enhance blending capabilities at its Pasadena and Galena Park terminals, part of its best-in-class refined products storage hub on the Houston Ship Channel, said the energy infrastructure company in North America.In response to growing customer demand…
Maersk Q2 Beats Expectations Amid Trade War
The world's biggest container shipping company AP Moller-Maersk delivers a 17% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.4 bn in Q2 compared to the same quarter last year.Revenue grew slightly to USD 9.6bn, which is on par with last year, and the underlying profit increased to USD 134mln from USD 15mln in Q2 2018.“Q2 was a quarter of solid progress.
Eagle Bulk Moves EU Ops to Copenhagen
The US-based shipowner-operator engaged in the global transportation of drybulk commodities, Eagle Bulk Shipping announced the establishment of a new commercial office in Copenhagen, relocating from its existing base in Hamburg.The Copenhagen office will be led by Mathias Groenvald, who recently joined Eagle Bulk, said a press release from the player in Supramax / Ultramax segment.Groenvald previously served as Senior Vice President…
APM Terminals Poti Begins 24/7 Operations
APM Terminals Poti, the largest port in Georgia, has commenced the implementation of uninterrupted 24/7 operations to maximize berth utilization, increase efficiency and speed up vessel handling.The implementation of a flexible workforce management solution will take place in two phases. Phase one will apply to single berth occupancy. The workforce currently allocated to the free berth will be assigned…
US, Malaysia Start Maritime Training Drill
The U.S. Navy and Coast Guard and the Royal Malaysian Navy (RMN) began Maritime Training Activity (MTA) Malaysia 2019 marked by an opening ceremony at Lumut Naval Base, Aug. 14.MTA Malaysia 2019 is a continuation of 25 years of maritime engagements between the U.S. Navy and Royal Malaysian Navy serving to enhance mutual capabilities in ensuring maritime security and stability.The Pacific Area commander for the U.S. Coast Guard, Vice Adm. Linda Fagan, said that working alongside the U.S.
Cape Town Damen Shipyards Joins WISTA
South Africa's Damen Shipyards Cape Town (DSCT) has joined the Women’s International Shipping & Trading Association (WISTA). The yard is represented in the Association by Transformation and ESD Manager Eva Moloi.WISTA is an international networking organization whose mission is to attract and support women, at the management level, in the maritime, trading and logistics sectors.Transformation and ESD…
TORM Takes Delivery of 2 MR Newbuildings
TORM, a Denmark-based shipping company that owns and operates product tankers, announced that it took delivery of two medium range (MR) newbuildings during the second quarter of 2019.The carrier of refined oil products said in a stock exchange announcement that it during the second quarter of 2019, TORM has purchased four modern 2011-built MR vessels for a total consideration of USD 83m. The vessels…
Port of Vancouver Sets Records
The Vancouver Fraser Port Authority, the largest port in Canada and the largest in the Pacific Northwest, has recorded new mid-year record for container volumes.Between January 1 and June 30, 2019, overall cargo through the port increased 0.5% to a record 72.5 million metric tonnes (MMT) over the same time last year, with new mid-year records in containers, potash, grain and cruise passengers.“This…
NOAA: $2.7M for Marine Trash Studies
NOAA announced a total of $2.7 million in grants supporting 14 projects to address the harmful effects of marine debris on wildlife, navigation safety, economic activity, and ecosystem health. With the addition of non-federal matching contributions, the total investment in these marine debris projects is more than $5.2 million.The grants, selected competitively from 82 community-based marine debris removal and research proposals received this year, are spread across 10 U.S.
Gibraltar Releases Iranian Tanker Grace 1
Gibraltar has released the Iranian tanker Grace 1, according to the Gibraltar Chronicle."Authorities in Gibraltar have released the Iranian supertanker Grace 1,…
