Ineos to Invest $3.4 bln in Antwerp Port
Europe’s largest petrochemicals company Ineos has chosen the Port of Antwerp as the location for a mega-investment of three billion euros ($3.4 billion).The British chemical company's investment will be the biggest in the European chemical industry in two decades.Belgium port will be the location for iIneos' project for an ethane gas cracker and world-scale PDH unit in Europe. The two new factories will employ a total of 500 people.Sir Jim Ratcliffe, CEO and Chairman of Ineos…
Glosten, Bieker Boats Design Ultra Fuel-Efficient Vessel
The provider of naval architecture and marine engineering services Glosten and marine craft builder Bieker Boats have joined forces to bring modern composite hydrofoil technology to the passenger vessel community.This collaboration draws on Bieker Boats’ years of experience designing fast foil-born boats and Glosten’s design of passenger vessels for public and private clients over the past 50 years, said a press note from Glosten."This ultra-efficient vessel requires less than half the installed power of a typical passenger catamaran, resulting in a 50% reduction in fuel consumption.
Taiwan's Evergreen Opens Four New Offices in Latin America
Taiwanese container transportation and shipping company Evergreen Marine Corp. is expanding its operations into Central and South America this year following the recent opening of four new agency offices in the region."In view of the growth potential in Latin American trade, Evergreen Line is continuing to establish its own offices at main service locations in the region. The move will strengthen the effectiveness of the line’s operations, improve its capability to react to market opportunities…
NASSCO Expands Ships Production Capacity
National Steel and Shipbuilding Company (NASSCO) held a ribbon-cutting ceremony on Friday to commission its new panel line, which expands steel production capabilities for the construction of commercial and government ships in San Diego.The American shipbuilding company with three shipyards located in San Diego, Norfolk, and Mayport said in a press release that the new panel line enables distortion-free welding of plates as thin as five millimeters to produce lighter, more energy efficient ships.The cutting-edge facility uses hybrid laser arc welding and numerically controlled robots to mill…
Diesel Futures Project Slowdown in 2019: Kemp
By the end of last year, hedge fund positions in diesel had fallen to a level normally associated with a sharp slowdown in economic growth if not an outright recession.Most middle distillate fuels such as diesel, gasoil and jet fuel are consumed in freight transport (ships, trucks, railroads and air cargo) as well as manufacturing and mining.Middle distillate consumption and prices are therefore more closely tied to the state of the economy than other refined fuels such as gasoline.
Langh Tech Delivers Scrubber Systems to Polaris Fleet
Langh Tech and STX Offshore & Shipbuilding (STX O&S) have signed a deal for scrubber retrofits on seven vessels in the Polaris fleet. The four 180K bulkers and the three 300K VLOCs in the fleet will be equipped with Langh Tech’s open loop scrubbers.The scrubber installations will be done as turn key deliveries by STX O&S. On each of the vessels the main engine and the three auxiliaries are connected to the scrubber. The scrubbers are multi-inlet type and Langh Tech delivers all the equipment necessary for a fully working open loop system.
Global Shipbuilding Market to Grow 2% by 2023
Analysts forecast the global shipbuilding market to grow at a CAGR of over 2% during the 2019-2023 period.According to Technavio analysts, one of the key factors contributing to the growth of the global shipbuilding market is the increasing seaborne trading."In the last couple of decades, the shipping industry has recorded an increase in the total trade volume. Rapid industrialization and the liberalization of economies are the prominent factors propelling trade volumes between two countries…
ABP Wins Hornsea One Blade Contract
Spanish manufacturing company Siemens Gamesa Renewable Energy has contracted Associated British Ports (ABP) to provide storage for 37 of its wind turbine blades destined for the Hornsea Project One offshore wind farm.The UK's port group said UK's leading ports group said that to accommodate the expanding business of the leading wind turbine blade manufacturer, a six-acre area located at the Port of Hull's Eastern Access, on King George Dock, is now being leased for the storage of the 75 metre…
Aker Arctic Bronze Propellers for Ice-class Ships
Bronze has been the preferred material for open water and low ice class ship propellers for decades, said Finnish engineering company Aker Arctic that operates an ice model test basin in Helsinki."Few years ago, Aker Arctic began investigating the possibility of using it also in high ice class vessels. In November 2018, the first bronze propellers based on the new strength dimensioning criteria were installed on the Finnish ice class 1A ASD tug Calypso," said a statement from the designer of icebreakers.While bronze is not as strong as stainless steel…
Qatar Petroleum Acquires UDC’s 20% Interest in SEEF
Qatar Petroleum has acquired the United Development Company’s (UDC) 20% interest in SEEF Limited (SEEF), a petrochemical company engaged in the manufacturing of Linear Alkyl Benzene (LAB).Following this acquisition, SEEF will be fully owned by Qatar Petroleum, said a press release from the state owned petroleum company in Qatar."This transaction highlights Qatar Petroleum's pursuit of its strategy of consolidating its operations, as well as UDC's strategy of exiting non-core business…
Martime Propulsion: New Solutions Meet New Emission Demands
Marine propulsion manufacturers are not just responding to but are anticipating tighter performance demands from the U.S. EPA and the IMO by introducing both new and upgraded systems based on state-of-the-art propulsion technologies. Tom Mulligan reviews the latest engine product launches.AIP for MAN cryo Liquid Hydrogen Fuel-Gas systemMAN Cryo, a subsidiary of MAN Energy Solutions, has developed a marine fuel-gas system for liquefied hydrogen in cooperation with Fjord1 and Multi Maritime 0f Norway.
Empty Shipyard: "Hyundai Town" Grapples with Uncertain Future
Hyundai has outsized influence over town's economy, population; Ulsan could be South Korea's Rust Belt in the making.When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the city known as Hyundai Town operated day and night and workers could make triple South Korea's annual average salary.But the 52-year-old was laid off in January, joining some 27,000 workers and subcontractors who lost their jobs at Hyundai Heavy between 2015 and 2017 as ship orders plunged.To support their family, Lee's wife took a minimum wage job at a Hyundai Motor supplier.
Rotterdam Port Contributes USD 51.86 billion to Netherlands
USD 51.86 billion (EUR 45.6 billion) or 6.2% of the added value of the Netherlands is due to the Port of Rotterdam. This emerged in ‘The Rotterdam effect - Impact of Mainport Rotterdam on the Dutch economy’ study conducted by Erasmus University Rotterdam (EUR), commissioned by the Port Authority.Port of Rotterdam pointed out that it contributes twice as much to the gross domestic product than previously calculated. Traditionally, when determining the economic significance of the port, only direct employment and added value were measured, including the so-called backwards indirect effects.
Maritime Autonomy: Sea Machines Gets a $10M Investment
While there remains much debate as to what an autonomous future looks like in the maritime sector, one company, Sea Machines, is helping to pace the field with product development, partnerships and investment.Sea Machines Robotics announced today that it had closed a $10 million Series A investment led by Accomplice VC, with participation from several corporate titans including Toyota AI Ventures; Brunswick Corp., through investment partner TechNexus Venture Collaborative; Eniac Ventures…
LPG Carrier "Laurel Prime" Christened at MHI
Mitsubishi Shipbuilding Co.held a christening ceremony for a liquefied petroleum gas (LPG) carrier currently under construction for Astomos Energy Corporation. The christening ceremony was held at the Koyagi Plant of MHI's Nagasaki Shipyard & Machinery Works for the ship named “Laurel Prime” by Seiya Araki, president of Astomos Energy Corporation.NYK has traditionally given LPG carriers two-word names that begin with the letters “L” and “P” respectively. This ship was named Laurel Prime with the wish that it will represent superior achievement and honor…
INSIGHTS: Lorry Wagner, Ph.D., President, LEEDCo
Dr. Lorry Wagner has served as president of the Cleveland-based Lake Erie Energy Development Corporation (LEEDCo) since May of 2010.LEEDCo is the public private partnership behind the effort to construct Icebreaker Wind, a 6 turbine 20.7 megawatt offshore wind energy demonstration project in Lake Erie, 8 miles off the shore of Cleveland. LEEDCo has received funding from the U.S. DOE under its Advanced Technology Demonstration Projects award and has partnered with Fred. Olsen Renewables of Norway. Dr.
DSC Dredge’s Miller Retires
On October 16, 2018, after 38 years in the dredging industry, David Miller, SVP/COO and part owner of DSC Dredge, LLC announced his retirement. Miller embarked on his career in the early 1980’s when he began working for Kenner Marine & Machinery (KMM). Following several consecutive KMM positions, David completed his final 10 years there as a field service specialist.Miller was one of the original founders of Best Equipment Technologies, Inc. (BEST), established in 1998, located in Poplarville, MS. BEST operated as a steel fabrication shop and dredge manufacturer.
Cosco , Abu Dhabi Ports Open New Terminal at Khalifa Port
Abu Dhabi Ports on Monday inaugurated the new Cosco Shipping Container Terminal at Khalifa with a capacity of 2.5 million TEUs (twenty-foot equivalent units).The new CSP Abu Dhabi Terminal, which includes the largest container freight station in the Middle East, is expected to boost Abu Dhabi’s position as a global maritime hub and support China’s One Belt One Road initiative.CSP Abu Dhabi Terminal is the first international green-field subsidiary of Cosco Shipping Ports; water…
Lumitec Launches Digital Lighting Control System
Lumitec’ s Poco Delivers a Powerful, Low-Cost On-board Advanced Lighting Control Solution.Lumitec, a leading designer and manufacturer of extreme environment LED lighting solutions, officially announces the launch of their “Poco” Digital Lighting Control system.Poco Digital Lighting Control delivers powerful, low cost on-board lighting control through a compatible MFD or connected smart device and a simple, easy to install control module.Suitable for new builds or refits, the Poco control module is compact and completely sealed.
Crowley Logistics Adds 400 New Reefer to its Fleet
Florida-based Crowley Logistics has added 400 new refrigerated (reefer) cargo containers to its industry-leading equipment fleet just in time for the peak perishables shipping season beginning in Central America.The additional units, all 40-foot-long, high cubes built to Crowley’s exacting standards, further demonstrates the company’s focus on offering customers the most reliable and efficient equipment in the market. These units have wireless asset monitoring technology, which will provide continuous monitoring of the equipment as it transits from origin to destination…
Scrubber Manufacturers Slams Singapore Open-Loop Scrubbers Ban
Exhaust Gas Cleaning Systems Association (EGCSA) has attacked Singapore's restrictions on open-loop versions of the systems as "disappointing" and "politically motivated."The scrubber manufacturing industry body said in a press release: "The recent announcement by the outgoing CEO of the Maritime and Port Authority of Singapore (MPA) banning the discharge of process water from open loop scrubbers for vessels visiting Singapore came without prior notice or discussion with the IMO…
Interview: Shuichi Iwanami, Commandant, Japan Coast Guard
As the Japan Coast Guard celebrates its 70th anniversary, Maritime Reporter & Engineering News offers insights on the current status and future direction of the JCG courtesy of an interview with Shuichi Iwanami, Commandant, Japan Coast Guard.*Note: At the time this interview was conducted, Shuichi Iwanami was still Vice Commandant for Operations.Could you please tell us the history and future development of the Japan Coast Guard (JCG)?The JCG, in 2018 celebrates the 70th anniversary of its foundation. When it was founded, the Japanese waters were in an eclipse period.
India Plans Deep Dive for Seabed Minerals
In the 1870 Jules Verne classic "20,000 Leagues Under the Sea", underwater explorer Captain Nemo predicted the mining of the ocean floor's mineral bounty - zinc, iron, silver and gold.India is catching up with that only now, as it prepares to unearth treasures down below, aiming to boost its economy.The floor of the world's seas is scattered with vast beds of black potato-shaped polymetallic nodules comprising copper, nickel, cobalt, manganese, iron and rare earth elements.These natural goodies are key to making modern gadgets…