MINSHIP Boosts Digitalization with DNV GL
MINSHIP Shipmanagement, based in southern Germany, has chosen DNV GL’s ShipManager fleet management software solution for its fleet of dry cargo vessels.MINSHIP is optimizing processes as they are managing a growing fleet. A key part of the optimization involves replacement of various separate systems and spreadsheets for ship management activities with a user-friendly and integrated fleet management solution.“Our future outlook focuses on becoming more digitalized…
The Day of the Unmanned Ship is Dawning
While debates rage in regards to safety, insurance and cyber security, the tech powering autonomous maritime operations continues to power ahead.Advances in sensor technology, data analytics and bandwidth-to-shore are fundamentally changing the way shipping works. And as operations are digitalized, they become more automated, Dr. Pierre C. Sames, Director of Group Technology & Research at class society DNV GL…
sVGP Compliance Difficulties Continue for the Workboat Sector
The recent implementation (January 19, 2018) of the long-delayed small Vessel General Permit (sVGP) requirement has major implications for environmental regulations in general, and specifically how the compliance difficulties continue for vessel owners with no real end in sight. Moreover, the U.S. Coast Guard’s (USCG) recent publication of NVIC 01-18 (March 1, 2018), while helpful in advising owners on how to comply with the ballast water regulations…
Baltic Index Rises on Stronger Rates Across Segments
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a sixth straight session on Monday as rates across vessel segments picked up. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 11 points, or 1.1 percent, at 1,025 points. The capesize index was up 23 points, or 2.2 percent, at 1,061 points. The index was up for a seventh straight session on Monday.
Chevron Greenlights Gorgon LNG Expansion
Chevron Corp will proceed with the second stage of its giant Gorgon liquefied natural gas (LNG) export plant off the northwest coast of Western Australia, the company said on Saturday.Chevron and its joint venture partners plan to sink 11 new wells in the Gorgon and Jansz-Io fields and build offshore pipelines and subsea structures to pipe the gas to the nearby 15.6 million tonne a year LNG plant on…
Intellian Opens in China
Intellian, a provider of satellite communication antenna systems, announced that it has established a Chinese corporation subsidiary in Shanghai and officially started operations there to better meet local customer demand. Intellian provides products and technical support to partner companies on every continent of the world through its 10 subsidiaries based in the U.S., U.K., Netherlands, Singapore and other regions.
China to Set up Hainan Free Trade Zone by 2020, Port by 2025
China aims to establish a free trade zone in Hainan by 2020 and will encourage multinationals to set up their international and regional headquarters in the province, state news agency Xinhua reported citing a government document. The guidance was jointly issued by the ruling Communist Party and State Council, Xinhua said. It comes after President Xi Jinping announced on Friday that the country would grant foreign firms greater economic freedom in the southernmost province.
Papua New Guinea LNG Project Resumes Exports
A liquefied natural gas (LNG) tanker has left Papua New Guinea laden with the first export cargo of the supercooled fuel since the country's giant LNG project resumed production after a major earthquake triggered a shutdown in February, Thomson Reuters Eikon shiptracking data showed on Monday. The tanker's destination wasn't immediately clear, but the resumption of shipments could put pressure on spot LNG prices, traders said.
Goliat Field Output Resumed After Fire
Oil firm Eni said output from Norway's Goliat field has resumed after being shut since Friday morning following a small fire. The platform has a capacity to produce almost 100,000 barrels per day (bpd) of oil. "Production resumed Sunday morning," a Eni spokeswoman told Reuters. (Reporting by Ole Petter Skonnord Editing by Edmund Blair)
Japan, China Agree Trade War Will Harm Global Economy
Japan and China agree that a trade war will have serious consequences for the world economy, Japanese Foreign Minister Taro Kono said on Monday after a high-level economic dialogue between the world's third- and second-largest economies. Concern is growing about a trade row between China and the United States in which the two nations have threatened each other with tariffs. Japan has been criticised by U.S.
China's Thermal Coal Futures Rally on Tight Import Policy
SSY Pacific Capesize Index Rises 312 Points
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index reports a change of 312 points in the week ending Monday to 3,814. "The SSY Pacific Capesize Index rose by 312 points week-on-week to 3,814 points, ending a run of losses that went back to the end of February. The Pacific round-voyage rate (180k dwt) climbed $3,750/day to a five-week high of $11,750/day, while the West Australia- China iron ore spot rate increased by $1.15/t to $6.40/t." SSY said.
First Cove Point LNG Lifting Departs Maryland
The first contractual liquefied natural gas (LNG) cargo from Dominion Energy Inc's newly constructed Cove Point LNG export plant in Maryland in the United States left the facility on Monday, Thomson Reuters Eikon ship tracking data showed. The cargo is expected to act as a drag on spot LNG prices <LNG-AS> as it coincides with the resumption of exports of the fuel from the Papua New Guinea LNG plant, which had been shut following a powerful earthquake.
Authorities team up for S&R Exercise off Perth
A major search and rescue training exercise has taken place off Rottnest Island in Western Australia yesterdayinvolving both state and federal authorities. Search and rescue crews from the Australian Maritime Safety Authority (AMSA), Western Australia Police Force (WA Police) and Western Australia Department of Fire and Emergency Services (WA DFES) teamed up for the exercise which simulated an aviation incident at sea.
Flensburg Shipyard, Spirit of Tasmania Sign LOI
TT-Line Company and European shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) have signed a letter of intent (LoI) for the construction of two new ships to replace the current Spirit of Tasmania vessels. TT-Line chairman Mike Grainger said the companies would now commence contract negotiations and agree to final design specifications. “FSG was endorsed by the Board after the company short listed a number of international shipyards to build the new tailor-made vessels,” he said.
Clean Arctic Hails IMO Action on HFO
The Clean Arctic Alliance has applauded progress by International Maritime Organization member states towards banning use of the world’s dirtiest fuel – heavy fuel oil – from Arctic shipping. It also called for Member States to make every effort to adopt and rapidly implement a ban by 2021, as proposed by eight IMO Member States and supported by other countries during the meeting. Plans to develop a ban on heavy fuel oil (HFO) from Arctic shipping…
Dutch Deal on Inland Shipping GHG
Declaration of Nijmegen was signed by the inland shipping sector, along with Minister Van Nieuwenhuizen (Infrastructure and Water Management) on Friday (April 13). This agreement reflects the commitment of the sector to expending its best efforts to expedite the greening process in the years ahead. The goal is to uphold its competitiveness vis-à-vis road and rail transport, and to reduce CO2 emissions by 20 per cent by 2030.
CSC Welcomes Commitment to Decarbonise Shipping
The commitment by governments to require international shipping to decarbonise and at least halve its greenhouse gas emissions by 2050 is a welcome and potentially game changing development, the Clean Shipping Coalition (CSC) has said. But the lack of any clear plan of action to deliver the emissions reductions, including urgently needed short-term measures, is a major concern, according to the group of NGOs with observer status at the UN’s International Maritime Organisation (IMO).
Commissioners Bulc and Arias Cañete Welcome IMO Emissions Target
"The agreement reached today at the IMO is a significant step forward in the global efforts to tackle climate change. The shipping sector must contribute its fair share to the goals of the Paris Agreement. It contains a clear GHG emission reduction objective of at least 50% by 2050, compared to 2008 levels, with a view to phase out the GHG emissions of the sector as soon as possible in this century.
LCS 17 Christened USS Indianapolis
The Lockheed Martin-led industry team hosted the christening ceremony for the 17th Littoral Combat Ship (LCS) at the Fincantieri Marinette Marine shipyard on Saturday. Ship sponsor Jill Donnelly christened LCS 17, the future USS Indianapolis , in Navy tradition by breaking a champagne bottle across the ship's bow. "As a native Hoosier and the daughter of two World War II veterans, there is no greater honor than to serve as the sponsor of the future USS Indianapolis ," Donnelly said.