Algoma Central: Refund Given for Cancelled Ship Contract
Algoma Central Corporation (TSX: ALC), a provider of marine transportation services, announced that it has received full refund of all instalment payments made in…
IMO 2020: Oil Refining Capacity to Grow at Record Pace
Global oil refining capacity is set to increase at its fastest pace on record this year, possibly boosting stocks of products such as diesel, gasoline and marine fuel, the International Energy Agency said.Oil refining capacity will rise by 2.6 million barrels per day (bpd) and demand for refined products by around 1.1 million bpd, the IEA said in a monthly report.It was not clear yet what that meant for margins…
Bahrain's First LNG Terminal Ready for Business
Bahrain expected to start LNG imports early this year; FSU on 20-year time charter to Bahrain LNG arrives in the GulfBahrain's first liquefied natural gas (LNG)…
Government Shutdown: Atlantic Seismic Permitting Blocked by Judge
A federal court judge on Friday ruled that the federal government cannot process seismic testing permits for offshore oil drilling during the ongoing government shutdown, dealing a blow Trump administration's energy agenda.Judge Richard Gergel of the U.S. District Court in South Carolina issued the decision in response to a motion filed by a range of conservation and business groups and coastal cities opposed to the adminstration's efforts to expand U.S.
Ballast Water Management: By the Numbers
With compliance deadlines on the horizon for many shipowners, the study revealed a critical need for owners to start their technology-selection process, and to resist buying BWM systems based on initial price alone.ABS has just completed its second comprehensive survey of the shipping industry’s progress towards global compliance with ballast-water regulations, finding just over a third of installed management systems (BWMS) to be fully operational.The survey’s findings…
U.S. Government Shutdown: Assessing the Impact on Maritime
On December 22, 2018, a continuing resolution passed by Congress to fund a portion of the U.S. Government into the 2019 fiscal year expired and was not renewed resulting in a partial federal government shutdown. Among the affected Executive Departments are the Department of Homeland Security (which includes the Coast Guard and Customs and Border Protection), the Department of Transportation (which includes the Maritime Administration)…
BREXIT: North P&I Gets OK for Dublin Brexit Hub
British ship insurer North has received regulatory approval from Ireland's central bank for a new subsidiary in Dublin to ensure continued access to trade in the European Union in case Britain loses single market access, the firm said on Friday.North, which has its headquarters in the northern England city of Newcastle, is the first specialist Protection and Indemnity (P&I) club to announce regulatory approval for Brexit trading arrangements in the EU.
HII to Acquire Fulcrum IT Services
Huntington Ingalls Industries (NYSE:HII) has announced that it has entered into an agreement to acquire Fulcrum IT Services, LLC, an information technology and government…
IRClass Signs MoU with Government of Assam
The Indian Register of Shipping (IRClass) and the Government of Assam, a key state in India’s north-east, has signed a Memorandum of Understanding (MoU) to further enhance the state’s inland water transport (IWT) system to improve commuter safety.The MOU follows the funding agreement between the Government of Assam and the World Bank to modernize and transform inland water transport in the state which has the largest network of navigable inland waterways in India.
World Seaborne Coal Trade Rose 3.7% in 2018
World coal seaborne trade grew 3.7 percent last year helped by higher output in India, Indonesia and Russia, Germany's VDKI coal importers lobby said on Friday.Imports and exports rose to 1.202 billion tonnes from 1.159 billion tonnes in 2017, VDKI Managing Director Franz-Josef Wodopia said in an speech made available to Reuters.Of the total, trade in steam coal used in power stations rose by 3.6 percent…
EVAC Acquires Transvac Systems
Evac has acquired Transvac Systems, aUK business specializing in the distribution and servicing of wastewater treatment systems, sanitary systems and ballast water treatment systems for ships and offshore platforms.This is in step with Evac's global operations expansion, started with its acquisition of another UK company, Cathelco, in May 2018. Last year EVAC totaled sales of about $182 million.One…
GasLog's LNG Pair to be Built at SHI with GTT Tank
Gaztransport & Technigaz (GTT) announced that it has received an order from the Korean shipyard Samsung Heavy Industries (SHI) for the tank design of two LNG carriers, on behalf of the ship-owner Gaslog.Each offering a capacity of 180,000 m3, the tanks will be fitted with the Mark III Flex+ containment system.The vessels' delivery is expected for Q2 and Q3 of 2021 respectively, said GTT, an engineering…
LNG REPORT: 143 LNG-Powered Vessels in Operation, 270 to Come
Currently, the liquefied natural gas (LNG)-powered fleet has grown globally from 118 LNG-powered vessels in operation in 2017, to 143 LNG-powered vessels in operation – with a further 135 on order and 135 LNG-ready ships either in operation or on order.According to the LNG bunkering coalition SEA\LNG, Orders for LNG-powered vessels span a variety of vessel types including tankers, cruise ships, container ships…
Seaspan Awarded Major Joint Support Ships Contract
Seaspan Shipyards (Seaspan) has awarded L3 MAPPS a contract for work on Canada’s new Joint Support Ships (JSS).According to a press release, the award is one of several to be announced for Canadian suppliers supporting Seaspan’s work on naval supply ships under the National Shipbuilding Strategy (NSS). This work will contribute to Seaspan fulfilling its Industrial and Technological Benefits Policy commitments.Based in Montreal…
Siemens Gamesa Launches First 10MW Offshore Turbine
Spanish offshore industry player Siemens Gamesa Renewable Energy (SGRE) has unveiled a giant new 10+ MW wind turbine it claims will boost yields by 30 per cent, paving the way for a new generation of super-charged offshore wind farms.The turbine maker said in a press release that the new SG 10.0-193 DD is set to hit the market in 2022.Based on the experience of its previous generations, the newest…
Ørsted Collaborates with US Fishing Coalition on Offshore Wind
Global developer of offshore wind farms Ørsted U.S. Offshore Wind has entered into a partnership agreement with Responsible Offshore Development Alliance (RODA) to improve communications between the seafood industry and offshore wind energy developers.“This first-of-its-kind partnership will create an unprecedented opportunity for commercial fishermen to provide direct input to the wind energy industry on matters of significant interest to their businesses…
Vietnam Welcomes World's Largest Container Ship
CMA CGM Marco Polo, the largest container ship in the world, docked at the major international seaport Cai Mep International Terminal (CMIT) in the southern Vietnamese province of Ba Ria-Vung Tau, commencing a new weekly service to transfer cargo directly from Vietnam to Northern Europe.Important guests, including senior government officials will attended the vessel maiden call’s celebrations jointly…
Ineos to Invest $3.4 bln in Antwerp Port
Europe’s largest petrochemicals company Ineos has chosen the Port of Antwerp as the location for a mega-investment of three billion euros ($3.4 billion).The British chemical company's investment will be the biggest in the European chemical industry in two decades.Belgium port will be the location for iIneos' project for an ethane gas cracker and world-scale PDH unit in Europe. The two new factories will employ a total of 500 people.Sir Jim Ratcliffe…
LNG REPORT: LNG Bunkering Vessels Rise to Nine, 30 More to Come
The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, from limited availability at select ports, LNG bunkering has grown…
Zvezda Shipyard Order Jumps Up by 42%
Russian Zvezda Shipbuilding Complex has increased its portfolio of orders by 42 percent in the second half of 2018.The shipbuilding and engineering complex in the town of Bolshoy Kamen in the Russian Far East said that currently, it has a total of 37 vessels in its orderbook and is in the process of securing new contracts.Zvezda’s anchor customer is Rosneft, which placed an order for 26 vessels, including 12 Arc6 and Arc7 ice-class tankers…
