Turkish Yard to Build New Ice Class Tug Design
Med Marine based in Istanbul signed a newbuilding contract with Danish operator, Svitzer for two icebreaking tugboats. The design is new in Med Marine’s portfolio, the TundRA 3000 concept a design from Robert Allan Ltd. Once delivered, the vessels will operate across Scandinavia, predominantly serving ports in Denmark and Sweden.The tugs are designed for operations in the full range of ice conditions, and Med Marine’s Procurement & Technical Group Manager Ertuğrul ÇETİN said “It is a great pleasure for Med Marine to experience the needs of different geographies.
Rotterdam Port Strengthens Presence in India
The Port of Rotterdam Authority is intensifying its joint activities with parties in India. 'As one of the fastest growing economies in the world, India is investing heavily in the development of seaports, industrial areas and hinterland connections.The largest port in Europe will sign two Memorandums of Understanding (MoUs) with India, appointed an office and also supported the establishment of a maritime university that will partner with Rotterdam's institutions, marking the…
European Ports Get EcoPorts’ PERS
European Sea Ports Organisation (ESPO) congratulates Port of Barcelona (Spain), Port of Vigo (Spain) and Port of Baku (Azerbaijan) for getting EcoPorts’ environmental management standard (PERS).Isabelle Ryckbost, ESPO’s Secretary General, handed over the PERS certificates to the ports’ representatives during the Green Port Congress in Oslo.“I would like to congratulate Port of Barcelona and Port of Vigo for renewing EcoPorts’ environmental standard and Port of Baku for obtaining it for the first time.
MSC Rejects Northern Sea Route
Mediterranean Shipping Company (MSC), the world’s second-biggest container shipping line, has decided not to use the Arctic as a new short cut between northern Europe and Asia and will instead focus on improving environmental performance on existing global trade routes.In declaring the northern sea route out of bounds, MSC follows CMA CGM and Hapag-Lloyd that have similarly eschewed the commercial benefits of an Asia-North Europe option that is 30 percent shorter than the southern…
Malaysia Works to Clear Plastic Waste Shipments at Ports
Malaysia is negotiating with countries sending their plastic waste to the Southeast Asian nation to take back the trash and is waiving storage fees to clear hundreds of containers of scrap stranded at ports across the country for months, officials say.Malaysia last year became the world's main destination for plastic waste after China banned imports of scrap.The Southeast Asian country upped scrutiny after huge inflows and stopped many containers that looked to unload scrap in Malaysia without the required permits…
Gazprom Neft Sets-up Lubes Shop in Singapore
Russian oil and gas company Gazprom Neft has established Gazpromneft Marine Lubricants, a new operating company with an office in Singapore.The new business will manage the sales and logistics network for the group’s marine lubricants in Southeast Asia and Europe. The group aims to achieve a 4% market share in the international marine lubricants market by 2030.The marine lubricants and oils range, available under the Gazpromneft and Gazpromneft Ocean brands, includes 43 branded high-tech products for all kinds of marine equipment…
U.S. Shipping Sanctions Give Boost to EU Refiners
U.S. sanctions imposed last month on subsidiaries of vast Chinese shipping fleet Cosco have given an unexpected boost to European refiners as less crude oil from the North Sea and West Africa heads east, traders and analysts said.Freight rates have soared as oil producers scramble for non-blacklisted vessels, discouraging longer-distance voyages.Complex refining margins for advanced facilities capable of extracting even more valuable products like diesel and gasoline, have been especially strong in Europe, industry sources said.The U.S.
US-flagged LNG Bunker Barge Launched
America’s first offshore liquefied natural gas (LNG) barge has been launched for owner Q-LNG Transport, Mississippi shipbuilder VT Halter Marine announced on Wednesday.The Q-LNG 4000 barge, designed to carry 4,000 cubic meters of LNG, with dimensions of 324’ x 64’ x 32’.6”, will be operated as part of an articulated tug and barge (ATB) unit designed to meet the requirements of American Bureau of Shipbuilding (ABS) and the International Gas Carrier code as an LNG bunkering barge.Its tug, the Q-Ocean Services, is scheduled to launch late October.
BIMCO’s Sand to Offer Boxship Insight in Athens
BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking and providing the audience with unique insights on the container market at the European Shipping Seminar on November 27, 2019 in Athens, Greece.The European Shipping Seminar, hosted by S&P Global Platts, will discuss the various topics relating to the commercial shipping markets and take a deep dive into how the shipping industry will navigate its way through the uncertain environment of the IMO 2020 Sulphur Cap.Container shipping outlookBIMCO has persistently stressed that trade wars and protectionism are negative for shipping.
Princess Cruises Takes Delivery of Newest Ship
Princess Cruises, the Carnival-owned cruise line, has taken delivery of its fourth Royal-class ship, Sky Princess, at Fincantieri's Monfalcone shipyard in Trieste, Italy.The vessel is the 17th ship Fincantieri has built for Princess, but it is the first to be custom built with the line's MedallionClass technology integrated into its infrastructure.The new unit, at 145,000 gross tons with accommodation on board for 4,610 passengers in 1,830 cabins and 1,411 crew members crew, is built on the basis of the successful sister ship project of Royal Princess…
Rotterdam Port Joins Noah's Train
The Port of Rotterdam Authority has announced that it has participated in ‘Noah’s Train’ as part of the Rail Freight Forward (RFF) initiative, a collaborative effort to cut freight transport emissions by 30% by 2030.The longest mobile work of art and ambassador of the RFF initiative, Noah’s Train, is an initiative launched by several European railway companies to promote freight transport by rail. Gathered in the Rail Freight Forward coalition, they defend a common goal: reducing…
INSIGHTS: Michael G. Johnson
Sea Machines Robotics CEO & President.Michael Gordon Johnson is a marine engineer, an accomplished entrepreneur and sector leader with a primary goal of building progressive and sustainable innovation for modern society. He is the founder of Sea Machines, a Boston-based tech company that is a leading provider of autonomous control and intelligent perception systems for marine vessels. Johnson earned a marine engineering degree from Texas A&M University before starting a career focused on complex projects in offshore oil and gas, marine transportation and salvage.
UK to Account for 35% Offshore Wind in Europe
The UK will account for 35% of the growth in offshore wind over the next five years, followed by the Netherlands and Germany, said , according to WindEurope’s new ‘Wind Energy Outlook to 2023’.In the next five years 22 GW of wind energy capacity will reach the end of its normal operational life (20 years). Most of this will get a lifetime extension. Around 2 GW will be repowered.And another 2 GW will be fully decommissioned. Government policy and regulation is still not as supportive of repowering as it should be…
Hapag-Lloyd Opens New South Europe HQ
German cargo container shipping line, Hapag-Lloyd AG, officially opened its headquarter for the new region.CEO Rolf Habben Jansen presented the keys of the office complex in Genoa (Italy) to the new Senior Managing Director Juan Pablo Richards.During the opening event, Habben Jansen explained the motivation to create a new region: “After our merger with UASC in 2017 the Mediterranean region has gained more importance for us. That's why we are eager to bolster our competitive position…
SHORTSEA SHIPPING: All the Right Moves (Finally)
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.
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.
Hammerfest LNG Ships 1000th LNG Cargo
Norwegian energy company Equinor reached a milestone at its Hammerfest LNG facility on Melkøya Island, “the Snøhvit plant”, by loading the 1000th cargo of the chilled fuel.The cargo consists of 140 500 cubic metres of liquefied natural gas (LNG). Total sales value of all the LNG cargos since the field came on stream is in the range of NOK 130-150 billion. In addition, we have the value of liquefied petroleum gas (LPG) and condensate.Arctic Discoverer is the name of the tanker that will carry cargo number 1000 from the Hammerfest LNG plant.
APM Terminals Appoints Dennis Lenthe Olesen as MD
Effective January 1, 2020, Dennis Lenthe Olesen, currently Global Head of Operations at APM Terminals, will assume the role of Managing Director for APM Terminals Nordics.This joint management structure will enable APM Terminals Aarhus and Gothenburg to strengthen collaboration and unlock operational synergies. The terminals will remain separate legal entities in Denmark and Sweden.“I am pleased to announce Dennis in this new and exciting role, as we embark on an important journey of unlocking further synergies between our two terminals and strengthening collaboration in the Nordics area”…
García Appointed to SENER's Board of Directors
The SENER engineering and technology group has appointed Rosa García as a member of its Board of Directors.As an independent Director, she undertakes to contribute her knowledge in defining and monitoring the Group's strategy, as well as applying her training in corporate governance and providing value to shareholders and stakeholders.Rosa García, who holds a degree in Mathematics from Universidad Autónoma de Madrid (Spain), has spent most of her career at Microsoft, where she held the positions of Executive President of Microsoft Iberica and Vice-president of the Consumer division for Europe…
Greece Trims Piraeus Port investment plan
Greece has trimmed an investment plan by Piraeus Port Authority (PPA) to boost operations at one of Europe's largest harbours, rejecting proposals for a new container terminal.PPA, majority owned by China's COSCO Shipping , had submitted to Greece's shipping ministry an 800-million-euro plan, which included a new cruise ship terminal, a mall and four hotels in the port.PPA had also proposed to build a fourth container terminal that would boost Piraeus' total throughput to 10 million…
ICE Reports Milestone Trading of LNG Contracts
Intercontinental Exchange, operator of global exchanges and clearing houses and provider of data and listings services, reported new milestones in the trading of the TTF natural gas and JKM LNG (Platts) contracts.In September, TTF Futures and Options hit an all-time monthly volume record of more than two million lots (2,023,848), equivalent to 1,484 TWh. TTF Futures set a new daily volume record on September 10 of 193,695 lots, equivalent to 142.1 TWh.TTF is the most liquid European natural gas benchmark…
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.