DHL Intros Fastest China-Germany Intermodal
DHL Global Forwarding, the ocean freight specialist of Deutsche Post DHL Group, is introducing the fastest rail freight connection between China and Germany in response to growing demand for rail freight services between Europe and Asia.The new rail service, operating between Xi’an in China and Hamburg and Neuss in Germany, has been set up in cooperation with Xi’an International Inland Port Investment & Development Group Co. Ltd. and is cutting transit time from 17 days to between…
Hyundai Seeks EU's Ok to Acquire Daewoo
South Korea’s leading shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group has submitted an application to the European Union for approval for its takeover of the compatriot shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).According a Yonhap report, HHI informed that the submission will be reviewed by anti-trust authorities at the European Commission, expecting the results of their call in 2020.Hyundai Heavy has been taking prerequisite steps since April to apply for the EU’s mergers and acquisitions approval.In March…
Azerbaijan Launches Feeder Service in Black Sea
The Azerbaijan Caspian Shipping Company (ASCO) will launch a test voyage of a feeder vessel along the Black Sea container route Batumi-Constanta by September 20.The vessel will sail every 10 days (3 times a month). If cargo volumes increase, the growth in the number of vessels and the regularity of sailings on the line is also expected.Tbilisi, the capital of Georgia, hosted general meeting of an association of legal entities – the Trans-Caspian International Transport Corridor International Association.Rauf Valiyev…
Damen Delivers Stan Tug to Caspian Offshore
Caspian Offshore Construction has recently taken delivery of a Damen Stan Tug 1606 ICE class in Kazakhstan. The company turned to Damen when a contract they secured required fast delivery of a small ice class vessel.Damen was able to have the vessel – named Caspian Flora – underway to the client just six weeks following contract signing.The vessel was built at Damen Shipyards Changde in China, to a design that has proven enormously successful, with over 80 sold in the last fifteen years alone.
New China-Europe Intermodal Route Opened
Marking the opening of a new China-Europe freight train route a freight train left Xi'an, capital of northwest China's Shaanxi Province, heading for Bishkek, capital of Kyrgyzstan.According to a report in Xinhua, the train consists of 42 containers loaded with laptops, LED panels, green tea and other products manufactured in Hunan province.With this service, Zhuzhou has become the third city in Hunan Province to open international freight train route to Europe after Changsha and…
Tajikistan to Expand Multimodal Shipping
The 14th Meeting of the Railway Leaders of the Economic Cooperation Organization (ECO) and the 8th Meeting of the Railway Committee of the Transport Coordination Council of the ECO (TTCC) was held in Dushanbe, Republic of Tajikistan.The meeting discussed various cooperation issues in the field of multi-modal shipping, including transit cargoes by sea transport.The event was attended by representatives of Azerbaijan, Turkey, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Pakistan…
Hyundai Seeks Approval For DSME Merger
South Korean shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group has officially started the process to earn approval from anti-trust regulators for its proposed takeover of Daewoo Shipbuilding and Marine Engineering Co. (DSME).HHI has submitted a request for the formal approval from the South Korea’s Fair Trade Commission (FTC), as well as from antitrust authorities in Japan, China, Kazakhstan and the European Union.According to Yonhap New Agency the shipbuilding major would submit further requests for approval to other countries.Meanwhile…
North Sea Oil Production May Go Down
On top of production declines in Iran and Venezuela, ongoing OPEC cuts, Urals contamination outages in Russia and maintenance in Kazakhstan, North Sea production is also struggling, Rystad Energy said."Currently we see unplanned outages at Oseberg and Flotta with combined impact of 160,000 bpd. Furthermore, the North Sea is heading into maintenance season," said the energy research and business intelligence company."We forecast North Sea oil production to drop next month to the lowest level since August 2014 as Ekofisk goes into maintenance…
Oil Price Risks Rise
Supply disruptions in the Middle East on top of an already tight crude market could send oil prices violently upward, said the energy research firm Rystad Energy.Two Saudi Arabian oil tankers were reportedly attacked off the coast of the United Arab Emirates this weekend, sending crude futures up sharply May 13.Bjørnar Tonhaugen, Head of Oil Market Research at Rystad Energy, says: “In the short term, the perceived risk of supply disruptions from the area will only add to the premium of short-dated oil contracts compared to deferred contracts on the futures curve…
Oil Shipments from Georgia's Batumi Port Drop
Oil and oil-related shipments from Georgia's Black Sea port of Batumi dropped 24 percent in the first four months of 2019 from a year earlier, an official at a KazMunaiGas-operated terminal at the port said on Wednesday.Shipments of crude oil and refined oil products from Batumi have fallen in recent years, partly because Azerbaijan prefers to send its oil through the Baku-Tbilisi-Ceyhan pipeline or via its own terminal at the Georgian port of Kulevi, rather than from Batumi, which is operated by a Kazakh company.There were no shipments of crude oil, naphtha, jet fuel or vacuum gasoil from Batumi in January-April, the official, who did not want to be identified…
DP World to Invest in Kazakhstan Ports
The global port operator are in discussions with Kazakhstan government to invest in new infrastructure in the country’s ports and logistics sectors.The potential of DP World investing in new infrastructure in Kazakhstan’s ports and logistics sectors was the focus of discussions between global trade enabler DP World’s Chairman and CEO Sultan Ahmed Bin Sulayem and Kazakhstan’s Prime Minister H.E. Askar Mamin in Astana today.This follows the signing of two framework agreements with…
Oil Shipments from Georgia's Batumi Port Drop 51 pct in 2018
Oil and oil-related shipments from Georgia's Black Sea port of Batumi fell 51.2 percent in 2018 from a year earlier, an official at a KazMunaiGas-operated terminal at the port said on Thursday.Some crude oil was re-routed to the Baku-Tbilisi-Ceyhan pipeline and to the Caspian Pipeline Consortium last year, the official added, while some fuel oil was sent to the port of Taman in Russia and Georgia's other Black Sea port of Kulevi.The fall in shipments is partly because Azerbaijan prefers to send its oil through the Baku-Tbilisi-Ceyhan pipeline or via its own terminal in Kulevi, rather than from
Chevron becomes first oil major to exit Norway
U.S. oil firm Chevron will become the first oil major to formally exit the Norwegian continental shelf (NCS) as it transfers its last stake in an exploration license, according to a government letter.Oil majors, including Exxon Mobil, BP and Shell, have scaled down their presence in Norway by selling or merging their assets in the mature region to focus on new growth opportunities elsewhere.Chevron is also seeking to sell assets in the British North Sea in order to focus on growing U.S.
Sovcomflot and ABB Open Training Center in Russia
The new Vessel Electric Propulsion Training Center at the Admiral Nevelskoy Maritime State University in Russia will help to prepare seafarers for work on vessels equipped with Azipod propulsion systemsThe center will be used to train MSUN cadets, as well as to provide advanced training to commissioned officers of the merchant fleet. It is also planned to conduct research, including scientific and experimental activities, in the area of automation of electric propulsion and vessel power supply.The establishment of the center follows the trilateral research…
Port of Hamburg, Metrans Group Join for Intermodal
The Port of Hamburg and Metrans Group are intensifying their links with Lithuanian Railways. Axel Mattern, Joint CEO of Port of Hamburg Marketing, and Egidijus Lazauskas, Deputy Director-General and Director Freight Traffic for Lithuanian Railways, have signed a Memorandum of Understanding in Vilnius to strengthen cooperation on the routes to and from the Port of Hamburg.In addition, Hamburger Hafen und Logistik AG - HHLA’s intermodal subsidiary Metrans, and Lithuanian Railways signed a Letter of Intent to promote and improve cross-border freight flows.For years…
Caspian Littoral States Sign Environment Protocol for the Sea
Littoral countries to the Caspian Sea have made a groundbreaking commitment to evaluate the likely impact that development projects will have on the environment in each other’s states.High-level representatives from Azerbaijan, Iran, Kazakhstan, the Russian Federation and Turkmenistan today signed the Environment Impact Assessment Protocol under the Tehran Convention.Under the Protocol, countries must follow a set of harmonized practical procedures for assessing the impact that a project will have on the environment in another state.Impacts on human health…
LNG Investment Set to Grow
Following years in the pricing doldrums, LNG is hot again, with business prospects for floating production and regasification looking strong through 2023. We talk to Jim McCaul of International Maritime Associates (IMA) for his insights, as he is fresh off of a 12-month stint investigating the market in depth."We wanted to take a fresh look at the market, to identify opportunities both in the production and regassification of LNG" is how McCaul, founder of IMA, best describes his team’s 12-month effort to study and report on the industry.
Kuryk Port Opens New Ferry Complex
Kuryk port, located in the Mangystau region of Kazakhstan, has opened its new ferry complex.Officials of relevant government agencies and representatives of private companies from Georgia, Turkey, Turkmenistan, Iran, China, Russia, Uzbekistan, Tajikistan, Kyrgyzstan and Azerbaijan attended the event with the participation of the President of Kazakhstan Nursultan Nazarbayev.The Kuryk port is located on the Trans-Caspian International Transport Route and plays an exceptional role in increasing freight traffic in this direction.
Beele Engineering Develops Fire Safe Plastic Transit System
Beele Engineering has developed a new range of HE plastic transit sleeves and frames to provide for the reliable and comfortable transit of cables and pipes and to provide for a fire-resistant, gas, smoke and watertight seal. The new transit sleeves and frames form part of the NOFIRNO system technology and can be used in various ways, including in sandwich panels.The HE plastic version enables Beele Engineering to offer solutions that are not only fire safe, but also light-weight.
IMA Completes 12-month Study of the Floating Liquefaction and Regasification Market
International Maritime Associates has just completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector.Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
Japan, Russia Join for Trans-Siberian Rail Transportation
Japan and Russia plan to officially develop a freight transport route between the two countries via the Trans-Siberian Railway, the Yomiuri newspaper reported.The report said that the two governments aim to foster mutual economic cooperation by energizing the “third distribution channel,” after sea and air routes.Now cargo between Japan and Russia are delivered mainly either by air or by sea. According to the Japanese Ministry of transport, terms of delivery of goods by sea ranged from 53 to 62 days.
LNG Report: Floating Liquefaction & Regasification
International Maritime Associates has completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector. Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
CPC Marine Terminal Loads 500 MT of Kazakh Oil
Half a billion tones of oil delivered by Kazakhstani Shippers to the Tengiz-Novorossiysk crude pipeline since the commencement of operation of CPC pipeline system was lifted from the Marine Terminal of Caspian Pipeline Consortium on November 17, 2018.The “milestone” ton was loaded on the ALEKSEY KOSYGIN tanker, said a press release from the CPC pipeline system, which mainly collects crude oil from large oil fields of West Kazakhstan, as well as crude oil from Russian producers.The first tanker was loaded at CPC Marine Terminal near Novorossiysk (near Yuzhnaya Ozereevka.