Europe News

17 Jan 2020

US Refiners Grab HSFO on Back of IMO 2020

© Fotos von Schiffen / Adobe Stock

U.S. refiners are scooping up cheap high-sulfur fuel oil for processing from Russia and the Baltic states as they take advantage of new shipping rules that have cut demand for the dirtier marine fuel, according to oil traders and shipping data.U.S. refiners Valero Corp, Chevron Corp and Phillips 66 have been buying HSFO, traders said, taking advantage of their complex operations to turn HSFO blended with crude oils into products like diesel, gasoil and gasoline.This month, 2.2 million tonnes of fuel oil…

17 Jan 2020

World Seaborne Coal Trade Rose 0.7% in 2019

©  jeayesy / Adobe Stock

Seaborne coal trade around the world grew 0.7% last year, helped by higher output in China and Indonesia and more export activity by Indonesia, Australia, Russia and Canada, Germany's VDKI coal importers lobby said on Friday.Imports and exports, counted together, rose to 1.218 billion tonnes from 1.210 billion tonnes in 2018, VDKI Managing Director Franz-Josef Wodopia said in an speech made available to Reuters, citing VDKI estimates.Within the 2019 total, trade in coking coal used for steelmaking dropped by 1% to 287 million tonnes as steel production declined, the Verein der Kohlenimporteure

16 Jan 2020

THE Alliance Welcomes HMM

Image: Hyundai Merchant Marine

The members of THE Alliance, Hapag-Lloyd, Ocean Network Express, and Yang Ming have welcomed Hyundai Merchant Marine (HMM) as a new core member of THE Alliance.With the US Federal Maritime Commission (FMC) acceptance of HMM membership, THE Alliance offers an attractive upgraded product package and it will be launched around April 1st, 2020.Based on the existing comprehensive network of THE Alliance, the newly en-hanced product package will offer increasing frequency particularly from South East Asia…

15 Jan 2020

Wasaline Green Newbuild RoPax Moves Forward

Image: NAPA

The maritime software, services and data analysis provider NAPA has announced the signing of a new contract with the northernmost year-round ferry, Wasaline, for its newbuilding Aurora Botnia.When it launches in 2021 the Aurora Botnia will be the world’s first LNG/LBG battery ship with pods under the vehicle deck, as well as the world’s most environmentally friendly RoPax vessel.Under the agreement, NAPA will provide Wasaline with its industry benchmark software applications, NAPA Emergency Computer…

15 Jan 2020

Torqeedo Hires Engelmann as Sales VP

Jochen Engelmann (Photo: Torqeedo)

Torqeedo announced it has appointed Jochen Engelmann as vice-president sales for Europe, the Middle East and Africa (EMEA), effective January 1.In this position, Engelmann will have responsibility for expanding sales and driving the company’s growth across the EMEA region for Torqeedo’s marine electromobility systems.Engelmann comes to Torqeedo from Volvo Penta, where he was head of sales, central Europe for the industrial engine division. Prior to joining Volvo Penta, he worked…

14 Jan 2020

NKT Bags East West Interconnector Contract

Image: NKT

The Irish power grid operator EirGrid has awarded NKT a service contract for the interconnector connecting Ireland and Great Britain.The cable and cable accessories supplier to the energy sector has been awarded a five-year service agreement by the Irish power grid operator EirGrid for cable related services including repair works for the East West Interconnector.The 200 kV HVDC power cable with capacity of 500 MW between Ireland and Great Britain is connecting the countries power grid ensuring the high transmission security needed to power modern life.For NKT…

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…

14 Jan 2020

Russian Tanker Back in Region After Shipping U.S. LNG to Europe

© O.B. / MarineTraffic.com

A Russian gas tanker that is used to secure energy supplies in the west Russian enclave of Kaliningrad has arrived back in the region after being leased out to transport U.S.-produced LNG to Europe, Refinitiv Eikon data showed on Tuesday.Two energy sources told Reuters in November that energy trader Gunvor had leased the Marshal Vasilevskiy tanker from Russian state-controlled gas company Gazprom for loading an LNG cargo in the United States.That surprised the LNG shipping market because U.S.

13 Jan 2020

HMM to Launch Mega-Ships in April

Image: Hyundai Merchant Marine

South Korean logistics major Hyundai Merchant Marine (HMM) will introduce the largest container vessels of the world in April. These mega-ships will be deployed on the company’s Asia-Europe services.According to BusinessKorea HMM will put into operation a total of 12 24,000-TEU super large vessels, one per week, staring this April, the Busan New Port Terminal said on Jan. 12.The boxships are under construction at Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME).HMM will start its services as an official member of “The Alliance…

12 Jan 2020

Saint-Nazaire OWF Construction Begins

The first steel sheet of the electrical substation for the offshore wind farm (OWF) of Saint-Nazaire (west of France) was cut at Chantiers de l’Atlantique shipyard in Saint-Nazaire.Ordered in August 2019 by Parc du Banc de Guérande, held jointly by EDF Renouvelables and Enbridge Inc, the substation will leave the shipyard in the summer of 2021, to be connected  with the wind farm in 2022. The substation will collect and transform the electricity produced by wind turbines and transfer it to the shore network…

12 Jan 2020

Boluda Towage Retrofits Union Koala

Image: Boluda Towage Europe

The provider of towage services Boluda Towage Europe said that it's tugboat ‘Union Koala’ was officially certified for compliance with the IMO Tier III standards. The converted tug returned to service during a ceremony at the ABC Tower in Zeebrugge, Belgium."Boluda Towage Europe has passed a new milestone: it is the first towage company in Europe to convert an existing tugboat, complying with the IMO Tier III standards. The company embarked on this project together with supplier…

09 Jan 2020

Yamal LNG Gets New LNG Vessel

Image: Mitsui O.S.K. Lines, Ltd.

Japanese shipping giant Mitsui O.S.K. Lines (MOL) has held a naming ceremony for an LNG carrier, jointly ordered by MOL and China COSCO Shipping.The naming ceremony for the LNG Merak carrier was held on Wednesday, January 8, at Hudong-Zhonghua Shipbuilding yard, according to MOL.The "LNG Merak" is the second of four newbuilding LNG Carriers for the Yamal LNG Project announced at the end of June, 2017, and the sister vessel of the "LNG Dubhe" which was delivered at the end of last…

09 Jan 2020

NMM Acquires Five Containerships

File Image: Navios Maritime Containers

Greek owner and operator of dry cargo vessels Navios Maritime Partners has taken delivery of five containerships upon the liquidation of Navios Europe.The five vessels comprise three Sub-Panamaxes and two Panamaxes, has been acquired for about USD 52 million.The vessels - 2,007 TEU Esperanza N, the 2,741 TEU Protostar N, the 2,824 TEU Harmony N, the 3,091 TEU Castor N and the 3,398 TEU Solar N - were built between 2006 and 2008.Navios Partners received approximately $49.6 million in satisfaction of its receivable from Navios Europe I.Separately…

08 Jan 2020

Dunkirk Port Switches on Cold Ironing

Image: CMA CGM

French container line CMA CGM announced that its ship APL Singapura has inaugurated the cold ironing facilities of the Terminal des Flandres in the Port of Dunkirk.By plugging into an onshore electricity supply (also known as "cold ironing"), container ships calling at port can shut down their auxiliary engines while still getting the power they need, particularly in order to maintain controlled temperatures in refrigerated containers (Reefers).This innovative technology has significant environmental benefits…

06 Jan 2020

P&O Ferrymasters Expands in Turkey

Image: P&O Ferrymasters

European providers of transportation and logistics services P&O Ferrymasters has announced plans to open five new offices across Turkey over the next two years as it continues the expansion of its pan-European logistics services into Asia.In addition to its existing base in Istanbul, P&O Ferrymasters will develop a comprehensive network across the strategically vital country by opening offices in Izmir on the Aegean coast, the capital city Ankara, Mersin on the south coast, Bursa in the Marmara region and Gaziantep near the border with Syria.Murat Bog…

06 Jan 2020

Tankers Flock to US as Freight Rates Surge

© DJ / MarineTraffic.com

A flotilla of oil tankers is sailing empty from Europe and the Mediterranean toward the U.S. Gulf Coast to take advantage of surging shipping rates, according to shipping sources and Refinitiv Eikon data on Monday.Eight tankers, an unusually high number, are in the Atlantic and steaming to the United States, with capacity of up to 5.6 million barrels of oil combined, the people said. Freight rates for Aframax vessels out of the U.S. Gulf coast hit record levels last month, drawing…

06 Jan 2020

Suez Canal Revenues Rose in 2019

© Markeliz / Adobe Stock

Suez Canal revenues increased slightly to $5.8 billion in 2019 compared with $5.7 billion in 2018, its authority said in a statement on Saturday.The canal kept its transit toll unchanged in 2020 for all types of vessels except dry bulk vessels and liquefied petroleum gas (LPG) carriers which will increase by 5% compared with 2019, it added.The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.(Reporting by Omar Fahmy, writing by Mahmoud Mourad; Editing by Toby Chopra)

05 Jan 2020

Energean, DEPA Pact for EastMed Pipeline

Image: Energean

UK-based international oil and gas exploration and production company Energean Oil & Gas and the Public Gas Corporation of Greece (DEPA) have agreed to cooperate to further support the EastMed Pipeline Project.The have signed a Letter of Intent (LoI) for the potential sale and purchase of 2 BCM natural gas per annum from Energean’s gas fields offshore Israel, where Energean is investing $1.7 billion for the development of the Karish & Tanin fields through the FPSO “Energean Power”.DEPA…

05 Jan 2020

SGRE Reaches $1.9Bn Green Guarantee Lines

Image: Siemens Gamesa Renewable Energy

Siemens Gamesa Renewable Energy (SGRE) has announced that in less than a year, and aligned to its commitment to sustainability it has accumulated €1.72 billion ($1.9Bn) in green guarantee lines."SGRE is moving forward in its strategy of making sustainability a key element of all aspects of its business, including its funding strategy," said a press statement.Siemens Gamesa recently extended a guarantee line from Danske Bank to €150 million from an initial €100 million and included Sustainable Development Goals (SDG) criteria.

03 Jan 2020

Evac Appoints Tapio Kolunsarka as CEO

Tapio Kolunsarka. Photo: Evac Group

Evac, a supplier of integrated waste, wastewater, and water management systems for the marine, building and offshore sectors, has appointed Tapio Kolunsarka as new CEO of Evac Group effective 1 Jan 2020.He succeeds Tomi Gardemeister who has left his post as CEO and President to assume interests outside the Evac Group.Tapio Kolunsarka has been appointed as new CEO of Evac Group effective 1 Jan 2020. He succeeds Tomi Gardemeister who has left his post as CEO and President to assume interests outside the Evac Group.Since 2016 Tapio has been President & CEO of Ramirent…

01 Jan 2020

Russia to Strengthen Northern Sea Route

Image: Rosatom

Russian state atomic energy agency Rosatom and compatriot private transportation and logistics company Delo Group will jointly develop international multi-modal shipments and transit shipments Asia-Europe-Asia via the Northern Sea Transit Corridor.Rosatom is the authorized infrastructure operator of the Northern Sea Route and owner of the world-only nuclear icebreaker fleet.Delo Group assets include six sea ports in the Baltic Sea, one sea port in the Azov-Black Sea region and one sea port in the Far East basin which are the key regions for foreign trade cargo flows.The companies signed docume

31 Dec 2019

NLE, Liebherr-Russland Pact on Port Equipment

Image: NCSP Group

NCSP Group, Europe's third largest port operator in terms of cargo turnover,  its subsidiary Novorosleseksport (NLE AO) will receive port equipment from Liebherr-Russland OOO.Dmitry Korchnev, General Director at NLE AO, and German Ignatov, Director of the Port Equipment Department at Liebherr-Russland OOO, signed a contract on purchase of two ship-to-shore cranes (STS) with a capacity of 65 tons for loading and offloading of 20, 30, 40 and 45 feet ISO containers from a vessel to shore and back.The SPS cranes delivery is scheduled for 2021…

31 Dec 2019

ESPO Welcomes Europe’s Green Deal Ambition

Frans Timmermans, Executive Vice President-Designate of the European Commission (Photo: EPA-EFE/DANIEL DAL ZENNARO/ESPO)

The European Sea Ports Organisation (ESPO)  welcomes Europe’s ambition as enshrined in the European Green Deal, to become the world’s first climate neutral continent by 2050.European ports are at the crossroads of supply chains. As clusters of transport, energy, industry and blue economy, they add great value and are at the service of the European economy and society. They are a strategic partner in making this ambitious European project happen.In the coming weeks, ESPO and its…

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