Bangladesh News

20 Jan 2019

India Fines Dutch Vessel Owner for Beaching Ship

Pic: NGO Shipbreaking Platform

Dutch ship owner Holland Maas Scheepvaart Beheer II BV has been fined 780.000 EUR and paid a settlement of 2.2 million EUR - totaling to a price tag of almost 3 million EUR - for having beached a ship for scrapping in India.According to a press release from NGO Shipbreaking Platform, in 2013, Holland Maas Scheepvaart Beheer II BV, a subsidiary of WEC Lines BV, sold the HMS Laurence to a cash buyer, a company specialised in the trade of end-of-life vessels to beaching yards.The vessel ended up in Alang…

27 Dec 2018

Great Ships 2018: BP's British Partner

Photos: BP Shipping

BP Shipping took delivery of British Partner, the first of a half dozen new 173,400 cu. m. capacity liquefied natural gas (LNG) carriers to be delivered through 2018 and 2019 from the DSME shipyard in South Korea. BP Shipping, which launched a fleet rejuvenation program in 2016 that includes 32 new vessels for delivery over a three-year period, said the six new Partnership class ships will increase its ability to transport LNG in emerging new markets, such as Pakistan, Jordan, Egypt and Bangladesh, in addition to established markets, such as India, China, the U.S.

21 Dec 2018

FSRU Suppliers Shift from Emerging Markets, Cut Back New Orders

Photo courtesy of Hoegh LNG

Political instability and low credit ratings in emerging economies are putting some shipowners off ordering new floating storage and regasification units (FSRUs), as they shift focus to more mature gas markets.Liquefied natural gas (LNG) demand from emerging markets in Asia, Africa and South America was expected to be boosted by FSRU technologies that are less expensive and time-consuming than onshore import terminals.But a boom in speculative FSRU orders from shipowners led to an oversupply of units this year as import projects across the world were delayed or cancelled…

11 Dec 2018

Trafigura Boosts LNG Volumes by 22%

 File Photo: Singapore LNG Corporation (SLNG)

Geneva based commodity trading company Trafigura increased its liquefied natural gas (LNG) traded volumes by 22% to 9.9 million mt in its financial year ending September 30 2018, driven by sales to China and South Korea, with the Asian share of our LNG business jumping to 30 percent.According to the annual report from the multinational commodity trading company, which is legally registered in Singapore,  the big story in the LNG market in 2018 was a surge in demand in Asia. In China…

10 Dec 2018

IMO Launche Ship Recycling Project in Bangladesh

Photo: International Maritime Organization (IMO)

The second phase of an International Maritime Organization (IMO)-implemented project to enhance safe and environmentally sound ship recycling in Bangladesh has been launched at a meeting of stakeholders in Dhaka, Bangladesh.According to a press release from IMO, the 19-month project is funded under a US$1.1 million agreement with the Government of Norway. It focuses on building capacity within Bangladesh to develop a legal, policy and institutional reform roadmap towards accession…

04 Dec 2018

IMO Holds Counter Terrorism Training for S.Asian Countries

Pic: International Maritime Organization (IMO)

Legal experts and port and maritime security officers from Bangladesh, Maldives and Sri Lanka have gathered at  International Maritime Organization (IMO)  in London (27-29 November) for a focused sub-regional workshop on implementing transport-related (maritime) counter terrorism instruments.A press note from IMO said that the joint United Nations Office on Drugs and Crime (UNODC) and IMO Counter Terrorism/Security sub-regional workshop was a follow-up to three national workshops…

30 Nov 2018

Global LNG Trade Jumps by 7.1%, Says Höegh LNG

Image: Höegh LNG

The global floating liquefied natural gas (LNG) trade reached 236 million tonnes in the first nine months of 2018, up by 7.1% from the same period of 2017 on a combination of robust Asian demand and new supplies of LNG from Australia and the USA, said Höegh LNG.The provider of LNG transportation and services said that for the full year, LNG trade is expected to reach around 320 million tonnes, up by more than 7% from 2017.Increasing Chinese demand continues to be a key driver for expanding LNG volumes.

29 Nov 2018

MTCC Expands Tech Centres to Address Maritime Emissions

Pic: International Maritime Organization (IMO)

The global network of Maritime Technology Cooperation Centres (MTCC ) is expanding with a number of branch offices and becoming an integral player in implementing International Maritime Organization (IMO)’s initial strategy on the reduction of GHG emissions from ships. This is especially true when it comes to capacity building, technical cooperation and R&D, said a press release form the United Nations agency.A 250-strong crowd attended the MTCC-Africa side-event on Capacity Building for Climate Mitigation in the Maritime Shipping Industry (27 November)…

22 Nov 2018

Norway's Equinor strikes LPG Deal with Malaysia

Image: Equinor

Norwegian oil and gas firm Equinor has entered into a long-term agreement with Malaysia's Global Petro Storage for a terminal and storage for liquified petroleum gas (LPG) volumes in Port Klang, in South-East Asia.According to statement from the petroleum and wind energy company, GPS will build a new facility to execute this agreement with startup of operations planned for mid-2021. Equinor will bring LPG to the terminal and sell into the domestic market in Malaysia as well as selling volumes to markets like Bangladesh…

22 Nov 2018

IMO to Empower Port Women

Image: International Maritime Organization (IMO)

International Maritime Organization (IMO) is supporting a training course aimed at female officials from maritime and port authorities entitled to encourage more women to join the maritime ranks in many aspect of the industry.Twenty-seven women from 18 developing countries are taking part in the two-week "Women in Port Management" course, hosted in Le Havre, France (12 – 23 November). The countries are Antigua & Barbuda, Bangladesh, Belize, Brazil, Cambodia, Dominica, Guyana, Jamaica…

19 Nov 2018

Bangladesh Resolves FSRU Issues

(Photo: Excelerate Energy)

Bangladesh will resume liquefied natural gas (LNG) imports this week after resolving issues with its sole floating storage and regasification (FSRU) unit, a senior official said on Monday.Two cargoes, meant to be delivered on Nov. 7 and Nov. 15, had been cancelled as the FSRU was closed due to problems with a hydraulic line that operates an emergency shutdown valve."The problem with the hydraulic line has been resolved now," said Mohammad Quamruzzaman, managing director of Rupantarita Prakritik Gas Co…

19 Nov 2018

Oman Shipping: Strong Domestic Performance

Debasish Mohapatra (Photo: OSC)

Oman Shipping Company (OSC) is reporting strong performance in domestic markets following long-term deals with local refineries and traders including ORPIC and OTI.OSC’s growth in the region is being driven by a 20-year contract to transport condensate for ORPIC (Oman Oil Refineries and Petroleum Industries Company) and a 15-year deal transporting methanol for OTI (Oman Trading International) from Salalah Methanol plant.The company is further supporting the export of LPG from Sohar Refinery to Yemen, Sudan, India, Bangladesh and Sri Lanka.

12 Nov 2018

China to Develop Multi Billion Dollar Deep Sea Port In Myanmar

Photo by Xinhua

China and Myanmar are moving ahead with a China-backed deep-sea port project in Kyauk Phyu Special Economic Zone (SEZ) , 250 miles northwest of Yangon.The framework agreement was signed by Myanmar's Deputy Minister of Planning and Finance and Chairperson of the Management Committee of the Kyaukphyu SEZ U Set Aung and President of CITIC Group Chang Zhenming, stated Chinese state media.This is the third port in India’s vicinity. China is also developing deepwater strategic Gwadar port in Pakistan in the Arabian Sea which faces the Mumbai coast.

09 Nov 2018

Ferry Safety and Technology Conference set for February in Bangkok

A depiction of last year's contest winner (CREDIT: WFSA)

The 5th Annual Ferry Safety and Technology conference will be held in Bangkok Thailand on February 20‐22, 2019. The conference is designed to showcase the best practical technologies to improve safety particularly‐ but not solely, for the developing world.The conference is co‐hosted by the Worldwide Ferry Safety Association (WFSA) and the famed Chao Phraya River Boat Co. The conference features good news on multiple fronts: new high‐quality ferry systems; new development of inland waterways making them safe for ferries in India and Bangladesh (in a presentation by the World Bank)…

02 Nov 2018

IMO Rolls-out Auditing Scheme

Pic: IMO

Auditing  International Maritime Organization (IMO) Member States to assess how effectively they administer key IMO treaties is an important part of the Organization's work to ensure its regulatory framework is universally adopted and implemented.According to IMO release, a regional training course for auditors under the IMO's Member State Audit Scheme (IMSAS) took place in Busan, Republic of Korea (29 October - 2 November).The training provided specific skills in auditing Member States using the IMO Instruments Implementation Code as the audit standard.

29 Oct 2018

Industry Groups Welcome Arctic Heavy Fuel Oil Ban

Pic: Pacific Environment

The Clean Arctic Alliance and indigenous groups welcomed the support given by member states to commence work on developing a ban on the use and carriage of heavy fuel oil in Arctic waters as the International Maritime Organization’s Marine Environment Protection Committee (MEPC 73) closed last week in London.Support for commencing work, to mitigate the risks of using and carrying HFO fuel in the Arctic which includes developing a ban, at the PPR6 technical meeting, in February 2019…

24 Oct 2018

India, Bangladesh to Improve Inland Water Transportation

Left - Prime Minister of Bangladesh Sheikh Hasina and PM of India Narendra Modi. Photo: Press Information Bureau

India and Bangladesh discussed various issues pertaining to the protocol arrangements and improvement of inland water transportation between the two countries in the 19th Standing Committee meeting under ‘Protocol on Inland Water Transit and Trade’ (PIWTT)held at  New Delhi.The meeting was attended by high level delegations that included representatives of Ministries of  Shipping, External Affairs, Home, Finance, DONER and Inland Waterways Authority of India (IWAI) and officials from Bangladesh belonging toMinistry of Shipping…

12 Oct 2018

Piracy Rises 3% in Asia

© neiezhmakov / Adobe Stock

A total of 64 incidents of piracy and armed robbery against ships were reported in Asia during January-September 2018, a 3 percent increase compared to the same period for 2017, ReCAAP ISC said in its latest report.Of the 64 incidents so far in 2018 (including 50 actual incidents and 14 attempted incidents), three were incidents of piracy and 61 were incidents of armed robbery against ships.Of the 50 actual incidents reported, one was a CAT 1 incident, five were CAT 2 incidents, 10 were CAT 3 incidents and 34 were CAT 4 incidents.

20 Sep 2018

Bangladesh Shelves LNG Projects as Others Ramp Up

© Kpics / Adobe Stock

Bangladesh has put aside two smaller liquefied natural gas (LNG) projects with trading houses Gunvor and Vitol to focus on two larger LNG import terminals, one of which is already in use while the second will start up in March.Bangladesh has turned to LNG to offset falling domestic gas output to feed industrial demand and electricity generation in a nation of 160 million people where a third have no power supply.It aims to import 17 million tonnes a year of LNG by 2025, which in today's terms would make it a top five importer.

18 Sep 2018

Port Management and Efficiency Training in France

Image: International Maritime Organization

High-level officials and decision-makers from maritime and port authorities around the world are undergoing intense training in port management and operational efficiency at the annual Advanced Course on Port Operations and Management based in Le Havre, France (10 September to 12 October).The opening of the course coincided with Le Havre's celebration of World Maritime Day and its theme: International Maritime Organization (IMO) 70 Our heritage – better shipping for a better future.IMO's Chris Trelawny delivered the opening address and lectured on the role of IMO…

23 Aug 2018

Excelerate Energy Commissions Bangladesh’s First LNG Import Terminal

Photo: Excelerate Energy

Excelerate Energy Bangladesh completed the commissioning of its Moheshkhali Floating LNG (MLNG) terminal – Bangladesh’s first liquefied natural gas (LNG) import facility – signifying the official commencement of operations for the project.This milestone was achieved approximately 25 months after the execution of project agreements, which took place in July 2016, with the state-owned Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) and 13 months following the receipt of all permits required to achieve financial close in August 2017 with its lenders…

20 Aug 2018

Bangladesh's First FSRU Starts Operations

Bangladesh started operations at the country's first liquefied natural gas (LNG) terminal on Saturday after ironing out teething issues related to technical problems and bad weather, two sources familiar with the matter told Reuters on Monday.The floating storage and regasification unit (FSRU), which arrived in Bangladesh in April to offload its maiden cargo of LNG and moor permanently as an import terminal, is now fully ready and has started operations, the sources said.(Reporting by Jessica Jaganathan and Ruma Paul; editing by Richard Pullin)

17 Aug 2018

Mitsubishi to Acquire 25% Take in Bangladesh LNG Terminal

Photo: Summit Corporation Limited

Japan’s Mitsubishi Corp has agreed to take a 25% interest in Summit's Bangladesh LNG import terminal project - which will be the country's second such terminal.The other 75% of the Summit LNG terminal will remain with Summit Corp.Mitsubishi is planning to help in the development of an offshore receiving facility in the country. It will also develop a liquefied natural gas (LNG) receiving terminal that uses a floating storage and regasification unit (FSRU) in Bangladesh.Under the project…

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