Panama Imports Its First LNG Cargo
Panama has imported its first liquefied natural gas (LNG) cargo to commission the newly built $1 billion Costa Norte facility and power plant at Colon, expected to be a launch-pad for LNG trade across Central America.Many utilities in Central America and the Caribbean remain reliant on burning oil to generate electricity, but LNG offers a cleaner, cheaper and more efficient alternative.Shipping data shows the Engie-chartered Provalys tanker arrived last week…
CNOOC Developing New Deep Sea Gas Block in South China Sea
China's offshore oil and gas producer CNOOC has started developing a new gas field in the South China Sea, the official Xinhua News Agency reported on Tuesday.The Lingshui 17-2 gas field is the first
Shipping Industry Critical Meeting in July on Sulphur Cap
The shipping industry - as represented by its international trade associations (BIMCO, ICS, INTERCARGO, INTERTANKO and WSC) - calls on the Member States of the International Maritime Organization (IMO) to make progress on key challenges around the global sulphur cap to avoid compromising safety or unfairly penalising individual ships. The trade associations have co-sponsored a number of submissions to IMO to help smooth the implementation of the global 0.5 percent sulphur in fuel cap…
ICHCA, IAPH Joins for World Ports Sustainability Program
ICHCA International, the global NGO and membership association for cargo handling operations, technical, HSSE and risk professionals has signed a Memorandum of Understanding (MoU) with the International Association of Ports and Harbors (IAPH) to pursue cooperative projects of mutual interest. This includes the sharing of the research and findings of ICHCA’s Technical Panel (ITP) with the IAPH membership through its own working groups.
Poland's World Maritime Day Parallel Event
How to create better shipping for a better future was a theme running throughout the 2018 IMO World Maritime Day Parallel Event (13-15 June), held in Szczecin, Poland. “IMO's heritage for 70 years has been to drive improvements in shipping to achieve a better world today. But we cannot rest on past achievements. Our challenge for the years to come remains the same: to create better shipping - for a better future,” said IMO Secretary-General Kitack Lim, in his keynote address.
Port and Maritime Officials Gather in Singapore
The fifth run of the MPA Academy Port Management Programme (PMP), aimed at port masters, harbour masters and middle managers from maritime and port authorities, kicked off today with a record 20 maritime officials from across Africa, Asia, Latin America, Middle East and Oceania. Developed and organised by MPA Academy, the five-day programme will be delivered by practitioners from the industry as well as senior officers from the Maritime and Port Authority of Singapore (MPA).
Nils van Vliet Appointed CEO of Railport Antwerp
Railport Antwerp, a joint initiative by Antwerp Port Authority, the Left Bank Development Corporation and the industry associations Essenscia Vlaanderen and VOKA-Alfaport, is to expand its activities. The company will actively serve rail transport in the port, including intermodal container transport, with the aim of doubling the proportion of rail transport in the port of Antwerp over the next few years. An important step in this process is the appointment of Nils van Vliet as CEO.
Containership Tows Disabled Sailboat to Safety
The Amver participating containership CMA CGM Brazil towed a 46-foot sailboat with two sailors aboard to safety in St. Marten after the sailboat reported they were taking on water and disabled approximately 315 miles east north east of San Juan, Puerto Rico on Thursday, May 24, 2018.U.S. Coast Guard rescue authorities in San Juan were notified by two sailors who's boat was taking on water through the rudder shaft.
Newport News Begins Nuclear Sub Overhaul
Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division has begun scheduled overhaul work on the nuclear-powered submarine USS Boise (SSN 764).The Los Angeles-class submarine arrived at Newport News on Monday and will undergo planned maintenance and repair activities pierside before it will be moved to a dry dock in January 2019. The extended engineering overhaul, which includes system upgrades…
Great Lakes Group Announces New Management Hires
The Great Lakes Group announced recent new hires to the company’s management team: Thomas Rigolo – Shipyard General Manager; Kirsten Buccigrossi – Director, Marketing & Communications; and Emery Eiber – Quality, Health, Safety, Security, and Environment (QHSSE) Manager.Tom Rigolo is a senior shipbuilding executive with more than 25 years of experience gained from hands-on engineering and high-level leadership roles at several U.S. shipyards.
ACMF Receives Grant from Former SeaFreight Boss
The American Caribbean Maritime Foundation (ACMF) announced it received a contribution of $150,000 from Mr. and Mrs. Roland Malins-Smith. Mr. Malins-Smith, now retired, is founder of SeaFreight Line Ltd. which was acquired by Crowley in 2015.The ACMF funds scholarships and provides grants for classrooms and other facilities at the Caribbean Maritime University (CMU).Malins-Smith, born in Grenada, began…
IMO Supports Implementing UN SDGS
International Maritime Organization (IMO)'s comprehensive technical cooperation programme supports Member States to implement IMO treaties effectively. This is one way in which IMO supports the achievement of the UN Sustainable Development Goals (SDGs) and the 2030 Agenda for Sustainable Development. The Technical Cooperation Committee, which is meeting for its 68th session (18-20 June), will be updated on key IMO capacity-building programmes…
Global Ship Lease Adds 2,800 TEU Containership
Global Ship Lease, a containership charter owner, announced that the Company has taken delivery of a 2005-built, 2,800 TEU containership, now named GSL Valerie. Shortly after delivery, and as agreed at the time the Company contracted to purchase the vessel, GSL Valerie will commence charter employment with CMA CGM for a period of 12 months at a fixed rate of $9,000 per day. The Company’s fleet now comprises 19 vessels with a total capacity of 85,112 TEU.
Marine Insurance’s Risk Rating Revolution
Why insurers cannot afford to be left behindAccording to Maersk, “everything that can be digitized will be digitized”, and there is no doubt that the world of shipping is currently undergoing a digital revolution. From vessel movement data to port statistics and engine diagnostics and data, the latest technology empowers insurers to segment and optimize their existing portfolio, identify new opportunities and offer truly connected policies.However, risk measurement and ratings remain an issue.
Feedgas Flows into Sabine Pass LNG Export Plant Drop Again
Feedgas supplies into Cheniere Energy's Sabine Pass liquefied natural gas (LNG) export plant in Louisiana fell again after recovering briefly following a month-long maintenance shutdown affecting one of three production units, data showed on Tuesday.Input levels on the three pipelines serving the facility showed feed levels had fallen to 2,180 million cubic feet/day (mcf/day) on Tuesday after a fall and briefly recovering to a high of 2,860 mcf/day on Saturday.Current inflow levels suggest that
What Can Beijing Do if China-US Trade Row Worsens?
China and the United States sank into a deepening trade conflict that roiled financial markets Tuesday after U.S. President Donald Trump threatened to impose tariffs on an additional $200 billion of Chinese products, prompting Beijing to accuse Washington of starting a trade war.Trump said Monday his threat was retaliation for China's decision to raise tariffs on $50 billion of U.S. goods over the weekend, a move that itself was in response to additional U.S.
Damen, Saab Partner for the Tamandaré Class Corvette
In order to meet the needs of the Brazilian Navy, Damen Schelde Naval Shipbuilding and Saab come together to develop the project that will supply four Tamandaré Class corvettes.Damen is a Dutch company and a global leader in shipbuilding that has supplied over 6,000 vessels. Over 20 navies throughout the world operate Damen-built vessels. The company will be responsible for supplying the ship Sigma 10514…
Liberian Registry, China Classification Society Sign MoU
The Liberian Registry has signed a framework cooperation Memorandum of Understanding (MoU) with the China Classification Society (CCS) as the latest step in its strategy to collaborate with long-term key industry stakeholders.Under the terms of the MoU, the Liberian Registry’s technical competence will be employed to help shipyards and shipowners improve their innovative strategies. The CCS MoU has…
Dozens Missing after Ferry Sinks in Indonesia's Lake Toba
An estimated 18 people were rescued and one was confirmed dead from among about 80 passengers aboard a ferry that sank on Monday in Lake Toba in Indonesia's North Sumatra province, a disaster agency o
Deutsche Bank Sells $1 Bln Ship Loan Portfolio
Deutsche Bank is selling a $1 billion portfolio of legacy shipping loans to an entity owned by funds managed by Oak Hill Advisors and Varde Partners, it said on Tuesday.Reuters reported last week that the sale of the portfolio was imminent, as the bank draws a line under sour investments in the sector and starts a fresh push in transport lending.Deutsche Bank said it was not exiting ship financing."Following this disposal and other derisking strategies we have implemented…