Marine Link
Friday, December 14, 2018

Canada News

Maersk Broker Buys Stake in NAODAN Chartering

Image: Maersk Broker

Maersk Broker Bulk Chartering has bought a stake in a US-based dry bulk broker NAODAN Chartering and become a major shareholder.The dry cargo brokerage of NAODAN Chartering will continue to focus on the well-established and successful business out of the West Coast of the USA, West Coast Canada and Alaska, and the trading activities will continue to be carried out under the name of NAODAN Chartering, said a press note from the provider of shipbroking services worldwide."Maersk Broker Bulk Chartering are very pleased to welcome Mr.

2018 Green Apple Spill Exercise

Committed to providing tugboat and towing vessel operators with a platform to meet regularity requirements and collaborate with local resources, the annual event also reminds us that Proper Planning Prevents Poor Performance.On September 28 2018, American Marine Associates, LLC (AMA) coordinated and hosted the 3rd annual Green Apple Spill Response Exercise in Bayonne, NJ. The Green Apple Spill Response exercise was established specifically for the tugboat and towing vessel industry operating in New York Harbor.

NYK in Charter Agreement with Mitsubishi

Image of LNG carrier to be built by NYK Line

Japanese shipping and logistics giant Nippon Yusen Kabushiki Kaisha (NYK) has signed long-term contracts with Diamond Gas International Pte. Ltd. (DGI), a wholly owned subsidiary of Mitsubishi Corporation (MC) located in Singapore, for DGI to charter from NYK three newly built liquefied natural gas (LNG) carriers.Previously, NYK concluded long-term time-charter contracts for three new LNG vessels for MC’s Cameron LNG project, so these most recent contracts bring the total to six carriers for MC.The NYK Group will be responsible for ship management for the three ordered LNG carriers…

Arctic Posts Second Warmest Year On Record in 2018 -U.S. NOAA

Photo: NOAA

The Arctic had its second-hottest year on record in 2018, part of a warming trend that may be dramatically changing earth's weather patterns, according to a report released on Tuesday by the U.S. National Oceanographic and Atmospheric Administration."Arctic air temperatures for the past five years have exceeded all previous records since 1900," according to the annual NOAA study, the 2018 Arctic Report Card, which said the year was second only to 2016 in overall warmth in the region.It marks the latest in a series of warnings about climate change from U.S.

Husky Energy ‘Deeply Sorry’ for Oil Spill off Newfoundland

Sea Rose FPSO. Photo: Husky Energy

Canadian petroleum company Husky Energy submitted a preliminary report about the largest-ever oil spill in Newfoundland and Labrador and said it is “deeply sorry” for the incident.According to local media reports, the oil and gas company admitted that on November 16, there were two separate oil spills at the Sea Rose FPSO.“The initial release occurred during the approximately 20 minutes offshore teams were troubleshooting a drop in flowline pressure,” Husky said on its website.The spill happened when a flowline connector failed…

Quebec Eyes More Federal Shipbuilding Contracts

Image: Quebec  Eyes

Quebec's National Assembly unanimously adopted a motion in support of the Federal government's reform or 'refresh' of the National Shipbuilding Strategy.The motion called upon the federal government to endorse the House of Commons and Senate's recommendations to proceed immediately with the construction at Davie Shipbuilding of a second Resolve-Class Naval Support Ship as well as a new fleet of icebreakers for the Canadian Coast Guard.During 2017, the Federal government conducted…

India Plans Deep Dive for Seabed Minerals

© Mykola Mazuryk / Adobe Stock

In the 1870 Jules Verne classic "20,000 Leagues Under the Sea", underwater explorer Captain Nemo predicted the mining of the ocean floor's mineral bounty - zinc, iron, silver and gold.India is catching up with that only now, as it prepares to unearth treasures down below, aiming to boost its economy.The floor of the world's seas is scattered with vast beds of black potato-shaped polymetallic nodules comprising copper, nickel, cobalt, manganese, iron and rare earth elements.These natural goodies are key to making modern gadgets…

LNG Booster for Canada

Image: LNG Canada

Canada could increase revenues from exports to Asia by $6.366 billion with the two new major liquified natural gas (LNG) projects in British Columbiaprojects, said a new research report.A new paper by Macdonald-Laurier Institute Munk Senior Fellow Philip Cross, titled BC’s LNG Projects: A Turning Point for Canada’s Energy Industry, makes the case that these two projects will hold considerable benefits.The most important impact could be that greenlighting these projects sends a broader message to investors around the world that Canada is able to undertake these kinds of large projects…

Shell Sells Upstream Interests in Ireland for $1.3bln

Image: Shell

Shell Overseas Holdings, an affiliate of Royal Dutch Shell plc, has completed the sale of its shares in Shell E&P Ireland Limited (SEPIL), which holds a 45% interest in the Corrib gas venture, for up to $1.30 billion, to Nephin Energy Holdings Limited (NEHL), a wholly-owned subsidiary of Canada Pension Plan Investment Board (CPPIB).A press release said that completion follows receipt of all necessary partner and regulatory consents and the transaction’s effective date is 1 January 2017.The transaction includes an initial consideration of $958 million (€840 million)…

Petronas, Vitol Asia Pact for LNG Supply Deal

Image: Vitol

Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) through its subsidiary, Petronas LNG Ltd (PLL) and Vitol Asia Pte Ltd (Vitol) announced the signing of binding Heads of Agreement (HOA) for long-term liquefied natural gas (LNG) sale and purchase (SPA) agreement.Under the terms of the agreement signed on 1 October 2018, the LNG supply to Vitol commencing in 2024 will be approximately up to 0.8 million tonnes per annum for a period of up to 15 years on both Delivered Ex-Ship (DES) and Free on Board (FOB) basis…

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.

Canada's Alberta Will Buy Rail Cars to Transport Crude

© Andre / Adobe Stock

Canada's energy-rich province of Alberta is in talks to buy rail cars to transport 120,000 barrels per day of crude oil and expects a deal to conclude within weeks, Premier Rachel Notley said on Wednesday.Notley, who says the cars are needed to help deal with a glut of oil that has slashed the price of Alberta oil, told a business audience in Ottawa she was disappointed the federal government was not helping fund the purchase.Full pipelines have stranded much of Western Canada's expanding crude output, driving down the price U.S. refineries are willing to pay.

LNG Shipping Market in Recovery Stage: Flex LNG

Image: Flex LNG

Norwegian-born billionaire John Fredriksen-owned LNG shipper Flex LNG believes that the LNG market is in the early stages of a multi-year recovery.According to a report by Flex LNG, the market for seaborne transportation of LNG has improved significantly during the third quarter with the primary driver being the nearly 50 per cent year on year growth in imports to China.Additionally there is high demand growth in other more mature markets such as South Korea and Taiwan.Flex LNG pointed out that Bloomberg New Energy Finance estimate demand growth of approximately 8.5% in 2018…

ATB Push Tug Island Raider Enters Service

Island Raider / ITB Resolution in Burrard Inlet (photo credit: Carolyn Matt, Island Tug)

Canada-based provider of oil cargo transportation services Island Tug and Barge Ltd informed that s new ATB push tug the Island Raider has entered service pushing the double hulled refined petroleum products barge, ITB Resolution.The Island Raider is the first of two, twin Z-drive, ATB push tugs for service on the West Coast of North America. Constructed at Island Tug’s Annacis Island Shipyard on the Fraser River, the Island Raider is connected by an articulating pin system to…

Nordic American Offshore Shelves Horizon Maritime Combination

Image: Horizon Maritime

The owner and operator of platform supply vessels (PSVs) Nordic American Offshore (NAO) has informed that its project to combine with Horizon Maritime Services has been called off.A stock exchange announcement from the Bermuda-based company said: "The contemplated business combination, involving NAO and a group in Eastern Canada (Horizon Maritime), has been shelved as it has been decided not to move forward at this time."It added that a Nordic company (Nordic Canadian Shipping…

Canada's Second Largest Container Terminal's Transition to Navis N4 TOS

DSP Data and System Planning successfully supported the transition of DP World Prince Rupert Terminal, the  second largest container terminal in Canada, to the NAVIS N4 terminal operating system (TOS).Prince Rupert selected Navis N4 to improve efficiency, guarantee scalability and sustain their expansion plans.The Prince Rupert Terminal expansion was unveiled in August 2017 to increase the facility’s capacity by 50%, making it one of the fastest growing container ports in North America.Part of the expansion involved installing massive cranes…

Corvus Energy Ramps-up Maritime Battery Production

Image: Corvus Energy

Canada-based Corvus Energy has announced that its fully automated factory in Norway and semi-automated factory in Canada will increase production capacity eight-fold.The manufacturer of energy storage solutions for marine, oil and gas, and port applications revealed the plans for a new fully automated factory for maritime batteries in Bergen, Norway in a press release."We are proud to announce that contracts for the factory location and the production equipment were finalized and signed this week.

Optimarin to Supply Seven OBS to Fednav

Photo: Optimarin

Optimarin signed a contract to supply seven of its USCG-approved Optimarin Ballast Systems (OBS) to Fednav, Canada's largest ocean-going dry-bulk shipowning and chartering group. Five of the units will be fitted on existing vessels within the 63-strong Fednav fleet, with two deliveries set for newbuilds. The order comes on top of agreements for five units made last year, signaling a growing relationship between the two market leaders.With recent orders for multiple systems from Höegh Autoliners…

Oil Spill: Husky Energy Offshore Oil Rigs Still Shut Down

SeaRose. Pic: Husky Energy

Following the Canadian oil and gas company Husky Energy has reported a spillage of 250m3, or 1,572 barrels, of oil, offshore the Canadian province of Newfoundland, production remains shut in at the SeaRose floating production, storage and offloading (FPSO) vessel with all production wells.Husky Energy had shut in production at the White Rose field Thursday, November 15 due to operational safety concerns resulting from severe weather. The release occurred during restart procedures on Friday, November 16.

Six Activists Released After Detention on Palm Oil Tanker Issue

Pic: Greenpeace

The six activists who were detained for 33 hours on board a shipment carrying dirty palm oil into Europe have been released by Spanish authorities in Algeciras.The Greenpeace International volunteers climbed onto the Stolt Tenacity tanker at dawn on Saturday, and delayed its journey from Indonesia to The Netherlands for almost two days.The climbers were protesting a 185-metre long cargo loaded with palm oil products from Wilmar, the biggest palm oil trader in the world, which…

Work‘bots’: Autonomous Vessels Arrive

Metal Shark: Metal Shark join forces with L3 ASV Global to introduce “Sharktech” 
Autonomous Vessels.

The near-shore and inland workboat fleet is at the leading edge for autonomous vessel developmentWhile the advent of autonomous workboats are not exactly mainstream, you better believe that in the not-too-distant future they will be a reality on waterways in and around the U.S. Today there remain more questions than answers, particularly on the legal, logistics and insurance side of the coin. But the technology is evolving at record pace, providing many in the industry with mixed emotions. Excitement. Controversy. Curiosity. Skepticism.

Cruise Shipping: Sunstone Sells Victory Cruise Lines

Niels-Erik Lund, SunStone’s President and CEO. Photo: Sunstone.

SunStone Ships, Inc. sold Victory Cruise Lines to the American Queen Steamboat Company (AQSC). After rapidly expanding market share in the Great Lakes, French Canada, and St. Lawrence Seaway, Victory became the market leader in these regions. Having recently added the VICTORY II, afforded AQSC the opportunity to acquire the largest capacity in the region.AQSC will acquire the VICTORY I and VICTORY II cruise vessels, as well as some assets in connection herewith, among them being the Victory brand, all Great Lakes charters, group bookings, individual passenger reservations, and related assets.

Algoma Central Buys Product Tanker

Image: Algoma Central Corporation

Canadian dry-bulk shipper Algoma Central Corporation announced the purchase of a 2008 built product tanker which will become the seventh tanker within the Algoma Tankers Limited fleet.A press release from the provider of marine transportation services said that the purchase demonstrates Algoma’s commitment to continuing to safely and efficiently ship petroleum products on the Great Lakes – St. Lawrence Seaway and East Coast.“We are extremely pleased to add a vessel to our Algoma Tankers Limited fleet as customer demand continues to strengthen in this segment…

Maritime Reporter Magazine Cover Dec 2018 - Great Ships of 2018

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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