Cement News

20 Jan 2020

Malaysia in Shanghai LNG Supply Pact

The signing of the HOA between Petronas and Shenergy was witnessed by Petronas President and Group Chief Executive Officer, Tan Sri Wan Zulkiflee Wan Ariffin.

Malaysian state-run giant Petroliam Nasional (Petronas) subsidiary Petronas LNG (PLL) has signed a 12-year liquefied natural gas (LNG) supply deal with China’s Shenergy Group. Under the terms of the 12-year heads of agreement (HOA), Petronas LNG will supply approximately 1.5 million tonnes per annum (MTPA) of LNG to Shenergy’s Wuhaogou receiving terminal.Additionally, the LNG supply agreement involves a shipping collaboration to construct and charter new mid-sized LNG vessels.

14 Jan 2020

IRClass Foreign Flag Fleet Reg. Up 16%

Arun Sharma, Executive Chairman. Photo: IRClass

The Indian Register of Shipping (IRClass) said that the classed fleet registered approx. 3% growth in the past year.The ship classification society said that its foreign flag fleet continued to grow at a robust pace with 16% more vessels added during 2019 demonstrating strong global acceptance of IRClass services.IRClass received several flag authorizations in 2019 including key flags like Cyprus and Denmark and is now recognized by 45 flag states worldwide. It opened a new office in the Netherlands to add to its other European offices in the UK…

03 Jan 2020

For Fireboats, The Heat is On

(Credit: Metal Shark)

These days, cost-conscious municipalities across the fruited plain, from sea to shining sea, are ordering new waterborne assets to cover their many local responsibilities. When they do, they want ‘more bang for their buck,’ combining multiple missions – and the equipment that makes it all possible – onto one hull. That’s a tall order on the typically compact patrol boat style hulls that tend to be big on performance, but short on space for equipment that can demand a significant physical footprint.

26 Dec 2019

Storm Beaches Merchant Ship in Israel

(Photo: Ashdod Municipality)

A cargo ship drifted onto a beach in southern Israel on Thursday after heavy winds and stormy weather forced the vessel away from its anchor point near the port of Ashdod.The 90 meter-long Zelek Star was carrying cement and other goods from Greece to Israel when it was swept away and approached Oranim Beach, officials said. The beach's sandy Mediterranean shoreline is popular with residents and tourists.Photos showed locals walking along the beach with the 14 meter-high vessel towering over them in the background…

14 Nov 2019

Seaspan Buys Fleet of 6 Containerships

Image: Seaspan Corporation

Hong Kong-headquartered Seaspan Corporation, a major player in independent containership management and ownership, has agreed to acquire a fleet of six containerships for $380 million in cash.The independent containership lessor said that the purchase of the acquired vessels is expected to be financed from additional borrowings as well as cash on hand.The closing of the acquisition is expected to occur in December 2019, and is subject to customary closing conditions. Upon closing…

12 Nov 2019

Babcock Wins Multiple Orders

Image: Babcock

UK-based engineering services company Babcock said that its liquefied gas equipment (LGE) arm has netted 26 orders in the LNG and liquefied petroleum gas (LPG) carrier markets so far this year.Having won 16 contracts in the LPG carrier market, plus a further 10 ecoSMRT contracts for LNG carriers so far in 2019, the company continues to thrive in challenging market conditions.Now contracted to deliver LPG Fuel Gas Supply System (ecoFGSS) on six LPG carriers in a range of sizes, including the world’s first new-build system, Babcock’s LGE business dominates the sector whilst maintaining LPG and L

29 Oct 2019

AMETEK Land Launches New Emissions Monitoring Systems

Photo: AMETEK Land

AMETEK Land, a provider of combustion efficiency and environmental pollutant emissions monitoring instrumentation, has launched two new continuous emission monitoring systems (PM-CEMS) to provide accurate and reliable measurement of particulate matter from industrial combustion processes in stacks and ducts.The AMETEK Land 4650-PM is an extremely stable and accurate low-range particulate matter measurement system designed for CEMS applications where condensed water is not present in the flue gas.

17 Oct 2019

SGRE Scores 360MW Chilean Wind Power Gigs

Image: Siemens Gamesa

Siemens Gamesa Renewable Energy (SGRE) has signed three contracts to supply turbine orders worth 359MW to undisclosed customers in Chile.With the new orders, SGRE reached 640MW of turbine orders in Chile for its 2019 financial year, the best yet for the company in the country.The contracts bolster SGRE’s leadership position in the Chilean market, and the wind power generated by these turbines will provide enough clean, reliable and affordable electricity to cover the demand of over 900,000 people.

16 Oct 2019

U.S. Great Lakes Ports on Pace to Beat 2018 Volumes

Photo: Chamber of Marine Commerce

U.S. Great Lakes ports are on pace to beat 2018 cargo volumes following a robust September handling road salt, cement, stone, petroleum and wind energy components.“U.S. Great Lakes ports are reporting cargo growth as they support the region’s construction activity and energy needs and help our cities prepare for the winter ahead,” said Bruce Burrows, President of the Chamber of Marine Commerce. “Iron ore exports from Minnesota to Japan and China via the St. Lawrence Seaway are also continuing.”Overall, St.

11 Oct 2019

SHORTSEA SHIPPING: All the Right Moves (Finally)

The Baton Rouge-NOLA container on barge service / (CREDIT: Port of New Orleans)

Marine Highways Gain Traction in the Intermodal Supply Chain.In the United States, landside infrastructure is at a crisis point. Congestion at the big hub ports, exacerbated by imperfect intermodal interfaces with surface transport serving cargo hinterlands is at the heart of the matter. As politicians bicker over a possible infrastructure package, the Highway Trust Fund, funded by taxes on gasoline and diesel fuel, has continued its downward journey towards further deficits (now $144 billion). And, where countless U.S.

03 Oct 2019

Keel-laying Ceremony for Hanson’s MAD

Photo: Damen

On October 3, 2019, Damen Shipyards Galati hosted a celebration marking the keel-laying of a Damen Marine Aggregate Dredger (MAD) 3500 for Hanson UK. The event was well attended by representatives of both Damen Shipyards Group and Hanson UK.The keel of the new MAD 3500 was laid at the Romanian yard a few days prior to the celebration, on September 20th. At this event, tradition was observed with the inclusion of four coins in the keel – a Romanian lei, a British pound, a Dutch guilder and a euro.The MAD is a new design from Damen that can dredge material at depths of up to -55 meters.

24 Sep 2019

UAE Joins ICS

Photo: International Chamber of Shipping (ICS)

UAE maritime industry, yesterday (Tuesday 24th September) saw the UAE Shipping Association (UAESA) becoming a full member of the International Chamber of Shipping (ICS).The signing, which took place on Day 2 of Seatrade Shiptech at the Madinat Jumeirah, Dubai, UAE, will provide a framework for closer collaboration between the two associations. The event is a part of the UAE Maritime Week taking place under the patronage of His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum…

18 Sep 2019

Pelita Samudera Buys Handysize Bulker

Image: Pelita Samudera Shipping

Indonesian shipping and logistics company Pelita Samudera Shipping (PSS) has bought one bulk carrier from Singapore-based Convivial Navigation Co. Pte.Purchase price of the handysize class MV is USD7.53 million. PSS is settling 20% of the amount in cash and the remaining 80% in PSS shares. VesselsValue places a market value on the ship of $7.62m.The Indonesian company said that the purchase has expanded it Motor Vessel (MV) fleet strength to six. The MV fleet capacity of 28k DWT has been projected with some potential customers…

16 Sep 2019

India Opens Second Multi-Modal Terminal

The Sahibganj multi-modal terminal on the River Ganges is now open for business. Indian Prime Minister Shri Narendra Modi inaugurated the new terminal yesterday (September 12, 2019). Also pictured are the Governor of Jharkhand State,Smt. Draupadi Murmu; the Union Minister for Tribal Affairs, Shri Arjun Munda; the Chief Minister of Jharkhand State, Shri Raghubar Das; and the Ministers of State for Agriculture and Farmers Welfare, Shri Parshottam Rupala and Shri Kailash Choudhary, plus other digni

The Government of India opened its second multi-modal terminal (MMT) yesterday, September 12, 2019. Located on the River Ganges at Sahibganj in Jharkhand State, the new terminal is now ready for business following the completion of a two-year construction project managed by the Inland Waterways Authority of India (IWAI). India’s Prime Minister Narendra Modi laid the foundation stone for the $40.32 million project in April 2017.Phase one of the terminal was inaugurated by Prime Minister Modi via a two-way digital communication system during an event held in Ranchi…

11 Sep 2019

UK Support Low-Carbon Maritime Technology

Image: Department for Transport, UK

Britain is set to become a global hub for low-carbon maritime technology, thanks to new government funding.Maritime Minister Nusrat Ghani has committed a further GBP1 million to fund new shipping technology projects through MarRI-UK, a consortium of leading maritime organisations."MarRI-UK has already allocated £1 million to support early stage clean maritime projects. Today government is announcing a further £1 million for technology and innovation projects, boosting the wealth of maritime knowledge that exists in the UK to build an industry fit for the future…

03 Sep 2019

Offshore Boosts Optimarin Growth

Image by Optimarin. Photo: Glyn Lewis

Ballast water treatment (BWT) specialist Optimarin said that the recovery of the offshore shipping segment is playing a key role in driving its revenues to new heights.The Stavanger, Norway-based business, which has focused exclusively on BWT for the last 25 years, has just signed a number of fleet agreements, including a contract with Island Offshore for 19 systems, doubling its order intake year on year.“Optimarin has long held the position of the preferred supplier to the offshore segment…

22 Aug 2019

Napier Port Lists on NZX

Image: Napier Port

New Zealand's Napier Port successfully completed its $234 million initial public offer (IPO) with a listing ceremony at the Port’s Breakwater Road site in Napier.After ringing the bell to welcome in trading of the Port’s shares on New Zealand Exchange (NZX) under the ticker ‘NPH’ on August 20, Chairman Alasdair MacLeod said the success of the IPO would allow investment in the infrastructure necessary for the Port to extend its 150-year record of supporting economic growth in the region.“Today is the culmination of a 5-year journey that has seen the Port…

17 Jul 2019

Peru’s 1st Digital Customer Platform Readies

Pic: APM Terminals

APM Terminals has become the first Peruvian port to introduce a customer platform that logs, streamlines and coordinate General Cargo operations in the port of Callao.During the pilot phase, the platform, which was developed together with maritime and customs agents, enabled users to complete transactions 67% faster and operations were completed 12% faster.APM Terminals Callao invested nearly USD 1 million in the implementation of MOST, a new state-of-the-art platform that can be used by maritime agents…

17 Jul 2019

St. Louis Regional Freightway: Prepare now for Lock Closures

File Image: St. Louis Regional Freightway

Lock Closures Starting on the Illinois Waterway This Summer May Result in  More Freight Flowing Through St. Louis Region.Businesses that move or handle commodities on the Illinois Waterway system are being encouraged to start making alternative plans due the scheduled closure of locks on that inland waterway system. With a two-week closure planned by the U.S. Army Corps of Engineers beginning as early as August 2019 and closures of 90 to 120 days expected in the summers of 2020 and 2023…

15 Jul 2019

OP/ED: Stronger Together

Image CREDIT: AdobeStock / ©_Ian Dyball

In 1941, geologist Orval Lester Brace stated “it may be tentatively assumed that the Gulf of Mexico is a potential source of salt-dome oil. Whether or not it will be economically feasible to explore these waters for the domes that must exist is a question for the future to answer.”  The future hypothesized by Mr. Brace was not nearly as far off as it seemed. Less than six years after his proclamation, Kerr-McGee Oil Industries, along with Phillips Petroleum, Stanolind Oil and Gas Co…

11 Jul 2019

Great Lakes Iron Ore Trade Down 5.7% in June

GRT Lakes John G Munson CREDIT Great Lakes Fleet

Shipments of iron ore on the Great Lakes totaled 5.7 million tons in June, a decrease of 5.7 percent from 2018. Shipments were, however, nearly even with the month’s 5-year average, said a release from Lake Carriers’ Association.Year-to-date the iron ore trade stands at 20.19 million tons, almost matching the previous year’s total of 20.15 million tons.Iron shipments are ahead of their 5-year average for the first half of the year. Loadings have increased more than 840,000 tons.Lake…

27 Jun 2019

S'hail Shipping Adds Two Vessels to Fleet

(L-R) Shail Al Rayyan and Shail Al Dukhan. Photos: S'hail Shipping and Maritime Services

Qatar-based S'hail Shipping and Maritime Services has recently added MV S'hail Al Dukhan, 74143 DWT built at Namura, Japan and MV S'hail Al Rayan, 76629 DWT built at Imabari, Japan, to its fleet.S’hail took Delivery of Shail Al Rayyan on 14th June 2019 and Shail Al Dukhan on 13th June 2019, said the company sources.Last month, the company announced that it has entered into agreements to purchase two modern dry bulk carriers worth nearly QR75mn.With the addition of these two ships…

30 May 2019

Only 10% of Shale Firms Reports Positive Cash Flow

Graph: Rystad Energy

Only four, out of the financial performance of 40 dedicated US shale oil firms under study, reported a positive cash flow balance in the first quarter of 2019, bringing down the share of companies with a positive cash flow balance from the recent norm of around 20% to just 10%.Nine in ten US shale oil companies are burning cash, according to Rystad Energy.Total cash flow from operating activities (CFO) fell from $14 billion in the fourth quarter of 2018 to $9.9 billion in the first quarter of 2019.“That is the lowest CFO we have seen since the fourth quarter of 2017…

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