Bahri Looks to Make LNG Foray
Saudi Aramco's shipping arm Bahri has issued an expression of interest (EOI) to charter up to 12 liquefied natural gas (LNG) tankers from 2025, its first foray into the superchilled fuel, industry sources said on Monday.No further details were immediately available and Saudi Aramco declined to comment. EOIs are preliminary enquiries that may or may not turn into full-fledged orders.According to Bahri's website, the national shipping carrier of Saudi Arabia has six business units dealing in oil…
AET Wins $245Mln Charter Deal with Shell
Petroleum and chemical tanker owner AET Tanker Holdings has been awarded three long-term time charter contracts by Brazil Shipping I Limited, a Shell group entity.The subsidiary of Malaysia’s maritime solutions and services provider MISC Berhad said in a press release that Under the terms of the deal it will own and operate the related newbuilding Suezmax Class Dynamic Positioning (DP) shuttle tankers for operations in international and Brazilian waters.The estimated contract…
Odfjell Adds Navig8 Chemical Tankers
Navig8 Chemical Tankers, an international shipping company focused on the transportation of chemicals, has agreed to enter four of its 25,000-dwt chemical tankers into a pool operated by the Norwegian tanker owner and operator Odfjell.Following the delivery of the vessels, the 'Chempool25' will total 19 vessels with Odfjell contributing with ten vessels, CTG five vessels and N8CTI four vessels. Odfjell will continue to be the operator of all vessels in the pool.“We are pleased to welcome N8CTI as a partner.
Belgium Players Join Forces Hydrogen Transportation
The climate target to reduce CO2 emissions in Belgium by 80% by 2050 compared to 2005 levels is a major challenge. Hydrogen has an important role to play in the mix of solutions to achieve results.That is why Deme, Engie, Exmar, Fluxys, Port of Antwerp, Port of Zeebrugge and WaterstofNet are joining forces. A joint study serves as a basis to coordinate delivery of concrete projects that shape the production, transport and storage of hydrogen.In a hydrogen economy, hydrogen is an important carrier for renewable energy to be used for electricity and heat production…
CMBFL Sells and Lease Back 20 Tankers
CMB Financial Leasing (CMBFL) sign a $415.6 million sale and lease back transaction of 20 chemical tankers with Stolt Tankers, a UK-based provider of transportation and storage for liquids, notably specialty and bulk liquid chemicals, the proceeds of which were used to refinance certain debt secured on the vessels.Watson Farley & Williams (WFW), the international law firm based in London, has advised on this transaction. The leases were of a hybrid nature combining elements of both financial and operating leases.Founded in 2008…
Caterpillar Supplies Engines for Tier 4 Tug
Caterpillar Marine has supplied two Cat 3516E Tier 4 main engines to the Andrew S. The EPA Tier 4 Final and Subchapter M azimuth stern drive (ASD) tractor tug was delivered to Bisso Towboat Co.Each engine generates 3,004 bhp at 1,800 rpm and a selective catalyst reduction (SCR) system. At 6,008 bhp, Andrew S. is the most powerful Tier 4 tug on the Mississippi River.The Andrew S. measures 100’ x 38’ x 13.5’ and has an estimated bollard pull of 84 tons. Additional features of the tug include U.S.
FSL Trust Sheds Two Product Tankers
FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust has announced that wholly-owned subsidiaries of the Trust have executed Memorandum of Agreements to sell LR2 product tankers, FSL Piraeus and FSL Perth (“Disposal”), to an unaffiliated third party and has received an initial 10% deposit in escrow.Roger Woods, Chief Executive Officer of FSLTM, said, “The disposal of the two Product Tankers is part of our ongoing effort to refresh our fleet. Completion of the disposal is scheduled to take place before the end of January 2020, at which time, the net proceeds will be utilized forpartial repayment of the Trust’s outstanding bank debt.
Sinopec Builds 100 Barge VLSFO Fleet
Chinese energy giant China Petroleum & Chemical Corporation (Sinopec) is planning to build a fleet of 100 barges over the next three years as part of its mission to become a major regional supplier of the IMO 2020-compliant very low sulphur fuel oil (VLSFO).According to a report from Reuters, this would be one of the top Asian refiner’s biggest shipping investments, Sinopec hopes the fleet would serve its stated ambition to become a top regional supplier of VLSFO.The fleet would include new orders of 50 vessels of 8…
ITOPF Addresses Brazil Oil Pollution
The International Tanker Owners Pollution Federation (ITOPF) is currently on-site in north-east Brazil attending the recent oil spill that has contaminated approximately 2,500 km of coastline in nine states.The source of the pollution remains unknown, although the Brazilian government has recently reported that they suspect a tanker passing along its coast in late July as being the polluter."Our involvement was requested directly by IBAMA, the Brazilian Institute of Environment and Renewable Natural Resources…
Team Tankers Sells Two Ships
Bermuda-based global shipping company Team Tankers International finalized the sale of the last two of its five older medium range (MR) tankers.Team Tankers has managed to free up a funds for new investments after divesting MR tankers, said CEO Hans Feringa.Feringa said: “We finalized the sale of the last two of our five older MRs at attractive levels, concentrating our efforts on our younger, more sophisticated, deep sea assets. With the sale of the older MRs and certain intermediate ships…
Seasonality Impacts Chemical Tanker Market
The chemical tanker earnings for the third quarter of 2019 was impacted by the usual seasonal slowdown in volumes while rates remained stable, said Odfjell Group.According to the company specializing in worldwide seaborne transportation and storage of chemicals and other specialty bulk liquids,spot rates were stable to slightly stronger on the front haul routes but strong competition and seasonally lower volumes on the back-haul routes had a negative impact on the overall market.A…
Metal Shark To Build Fireboat for Canaveral
Shipbuilder Metal Shark is significantly expanding its presence in the fireboat market with a diverse range of fireboats currently in production for multiple customers. Most notably, the company has announced a custom “70 Defiant” fireboat to be built for Canaveral Fire Rescue in Cape Canaveral, Florida.The new Canaveral fireboat is a 70’ x 22’ welded aluminum monohull pilothouse vessel designed by Metal Shark’s in-house engineering team utilizing a military-proven hull form.
Navios Acquisition Fleet Reaches 41
Navios Maritime Acquisition Corporation, the provider of transportation of petroleum products (clean and dirty) and bulk liquid chemicals, announced that its fleet consisted of a total of 41 vessels as of November 7, 2019.The owner and operator of tanker vessels said that out of 41 vessels, 13 are very large crude carriers (VLCCs) (including three bareboat chartered-in VLCCs expected to be delivered in the third and fourth quarters of 2020 and the third quarter of 2021), 26 are product tankers…
Schottel Enters the Tanker Segment
Schottel recently received an order to supply two EcoPellers and a bow thruster for installation in a chemical/oil tanker. The tanker will be built at Chinese shipyard Taizhou Kouan Shipbuilding and will be operated by a European owner.The 120 m x 21 m vessel is powered by an electric motor, which is vertically integrated into the azimuth thruster. The propulsion system of the tanker consists of two Schottel Rudder EcoPellers type SRE 460 L FP with an input power of 2,000 kW each and one Schottel Transverse Thruster type STT 170 FP.
CSB: Chemical Leak Caused Fire at ITC Houston Terminal
The U.S. Chemical Safety Board (CSB) said on Wednesday that a fuel leak, possibly due to open valves and a running pump, set off a massive blaze at a Mitsui & Co Ltd petrochemical storage operation along the Houston Ship Channel in March.The fire that began on March 17 at Intercontinental Terminals Co (ITC) spread black smoke across Houston, shut the nearby ship channel, slowed production at local oil refineries and closed roadways and schools as it spread from one giant storage…
Ocean Yield Buys Ethylene Gas Carrier
Norwegian shipowner Ocean Yield ASA has agreed to acquire Navigator Aurora, a 37,300 cbm ethylene gas carrier owned by Navigator Gas.According to agreement, the ship will be purchased for a total consideration of USD 69.75 million net of a seller’s credit, with a 13-year bareboat charter to a company 100% owned and guaranteed by Navigator Holdings - Navigator Gas.The vessel is expected to be delivered to the Company during October 2019. Navigator Gas has certain options to acquire the vessel during the charter period.
South Africa to Have First Chemical Tanker Ship
Nduna Maritime, a subsidiary of the Mnambithi Group, and the integrated chemicals and energy company Sasol have invested in South Africa's first locally-owned chemical tanker with a funding agreement made through the Sasol Siyakha Trust.The Bow Cecil is claimed to be the first South Africa flagged vessel to transport chemicals to international markets. "We are particularly proud of this landmark agreement, as it is a significant investment into localizing and diversifying our supply chain.
ABS Brings Together Taiwan's Industry Leaders
Taiwan’s maritime industry leaders met to debate decarbonization, digital technologies and the future of safety at the annual ABS Taiwan National Committee meeting.“As the leading class organization in Taiwan, ABS is able to call on the expertise of leaders to inform our approach to meeting industry challenges such as meeting IMO 2030 and 2050 objectives while ensuring safety standards are not compromised and keep pace with technological challenges,” said Christopher J. Wiernicki, ABS Chairman, President and CEO, who actively participated in the Committee program.
IMO Signs MoU with Spain on Tech Support
Spain and International Maritime Organization (IMO) have signed a Memorandum of Understanding on technical cooperation activities to support capacity-building activities in English and Spanish-speaking countries.The UN body informed that these activities will support implementation of its regulations, raise awareness of IMO's mandate and contribute to sustainable maritime transport and the implementation of the United Nations 2030 Agenda for Sustainable Development.The MoU covers a wide range of technical cooperation areas…
Panama Canal Reports Record FY 2019 Tonnage
The Panama Canal has closed the 2019 fiscal year (FY19) with a record tonnage of 469 million Panama Canal tons (PC/UMS), a 6.2 percent increase compared to FY2018.With this figure, the waterway exceeds the 450.7 million PC/UMS tons projection for FY2019, as well as the record tonnage of 442 million PC/UMS tons registered in the previous fiscal year. These record-setting results reflect the Canal workforce's commitment to efficiency and ongoing investments in infrastructure, which will allow the waterway to meet the growing demand and offer a reliable and safe service to customers.
Study: Sunlight Degrades Polystyrene Faster than Expected
A study published by researchers at Woods Hole Oceanographic Institution (WHOI) shows that polystyrene, one of the world’s most ubiquitous plastics, may degrade in decades or centuries when exposed to sunlight, rather than thousands of years as previously thought. The study published October 10, 2019, in the journal Environmental Science and Technology Letters.“Right now, policy makers generally assume that polystyrene lasts forever in the environment,” says Collin Ward, a marine chemist at WHOI and lead author of the study. “That’s part of justification for writing policy that bans it.
Singapore: LNG Terminal to Develop Data Center
The National University of Singapore's Faculty of Engineering (NUS), Singapore LNG Corporation (SLNG) and Keppel Data Centers Holdings join forces to develop new energy-efficient cooling technology for data centers.This innovation could further pave the way for more sustainable and compact data centers, said Singaporean conglomerate Keppel Corporation.With the rapid expansion of cloud-based services, AI, the Internet of Things and big data analytics, there has been an exponential demand across the globe for data centers in recent years.
Prysmian Wins SGRE Gig
Italian cable manufacture Prysmian Group has secured a contract with turbine manufacturer Siemens Gamesa Renewable Energy (SGRE).The scope covers low voltage cables and assemblies for nacelles and low voltage cables for towers, Prysmian said. The deal also includes fully-terminated medium voltage assemblies for towers, it added.The supply includes products and services from Prysmian Group’s wind portfolio of low voltage cables and assemblies for nacelle platforms, low voltage cables for towers and fully terminated medium voltage assemblies for towers…