Maritime Transportation News

15 Jan 2020

Pyxis Tankers Sells MR2 Ship Pyxis Delta

Image: Pyxis Tankers

Greek pure play product tanker company announced that it has completed the sale of the Pyxis Delta, a 2006-built 46,616 dwt product tanker.The maritime transportation holding company said in a press note that the sale proceeds will be used to repay outstanding indebtedness secured by the vessel and for general corporate purposes.Valentios Valentis, our Chairman and CEO said: “This transaction furthers our operating strategy to focus on modern eco-MR tankers and reflects a more efficient allocation of capital resources to improve our financial condition.

02 Jan 2020

Grindrod Eyes Stake in IVS Bulk JV

Image: Grindrod Shipping

Singapore-headquartered provider of maritime transportation services in the drybulk and product tanker sectors, Grindrod Shipping Holdings is planning acquisition of an additional 33.25% stake in its IVS Bulk joint venture."Grindrod Shipping is progressing negotiations to acquire all of the 33.25% ordinary and preference shares in IVS Bulk held by one of its two JV partners for approximately $44.2 million, thereby increasing our stake in the JV to 66.75%," said a press release from the provider of dry-bulk and liquid shipping services.

27 Dec 2019

INSIGHTS: Niels Aalund

Niels Aalund was elected President of the International Propeller Club at their 93rd International Convention and Conference. The prominent maritime industry stakeholder will serve a two-year term, commencing from October 17th. Aalund, a well-known maritime subject matter expert and executive, also serves as an Officer and as Senior Vice President of the West Gulf Maritime Association (WGMA). WGMA communicates and coordinates with various governmental entities throughout the West Gulf…

23 Dec 2019

Iran-Muscat Ferry Soon

Image:  Ports & Maritime Organization

A direct Chabahar-Muscat ferry line between Iran and Oman is planned to resume operation within a month, said Iran's official news agency.Ferries with the capacity of transporting 240 people and 40 vehicles will operate between Iran’s Chabahar port and Oman capital will be operational within a month, according to Hassan Ebrahimi, a deputy with the Ports and Maritime Department of Sistan-Baluchestan Province (where Chabahar port lies).After launching services to Qeshm Island and Bandar Abbas in Iran in 2016…

12 Dec 2019

Iran, Oman Pact to Expand Maritime Transportation

Image:  Ports & Maritime Organization

Iranian and Omani officials have signed a cooperation agreement aimed at boosting maritime navigation, trade and transportation between the two Persian Gulf countries.The agreement was signed in a ceremony attended by senior officials from both sides including the Iranian Minister of Transport and Urban Development Mohammad Eslami and Oman’s Minister of Commerce and Industry Ali bin Masoud al Sunaidy, and heads of the two countries’ ports and maritime organizations.Iranian Transport…

29 Nov 2019

Mitsubishi Christens Cargo-Passenger Ship

Image: Mitsubishi Shipbuilding

Yokohama-based Mitsubishi Shipbuilding Co has launched a cargo-passenger ship currently under construction for Tokai Kisen Co., Ltd.The new vessel will inherit the name Salvia Maru, replacing the second ship bearing the name that is currently operated by the company.The formal christening was conducted by Tokai Kisen President Junichi Yamazaki, with a ceremonial rope cutting by the fourth Tokai Kisen Mascot Girl, Natsumi Koike.The handover is scheduled for June 2020 upon completion of rigging work…

28 Nov 2019

Gasum Makes its 1st Cruise Ship STS LNG Bunkering

Image: Gasum

The Nordic energy company Gasum said that its liquefied natural gas (LNG) bunker vessel Coralius conducted first ever ship-to-ship (STS) bunkering to a cruise ship - Carnival Corporation's cruise vessel Costa Smeralda.During the bunkering operation, LNG was supplied to the newbuild Costa Smeralda at the Meyer Turku shipyard. Costa Smeralda is the first cruise ship in a series of newbuilds at Meyer Turku that will be fitted with LNG propulsion.LNG is the cleanest available marine fuel…

30 Oct 2019

Grindrod Announces Finance Arrangement

Image: Grindrod Shipping Holdings

Grindrod Shipping Holdings, a global provider of maritime transportation services in the dry-bulk and product tanker sectors, announced a number of transactions relating to a new financing arrangement, its fleet and share repurchases."Further to the previously-announced financing arrangements in respect of IVS Knot and IVS Kinglet, we expect to enter into a similar financing arrangement with a Japanese shipowner in respect of the 2011-built handy-size dry-bulk carrier, IVS Magpie…

28 Oct 2019

Diversity, Tech on Tap at WISTA Conference

Despina Theodosiou (Photo: WISTA International)

A top hostage negotiator, the CEO of a company which supplies environmental products to ship owners and operators and the heads of two maritime technology firms are all part of an impressive line-up of speakers scheduled to speak at the 2019 Women’s International Shipping & Trading Association (WISTA) AGM & Conference which takes place next week from Tuesday, October 29, to Friday, November 1. The four-day event is being hosted by WISTA Cayman Islands and is expected to bring over 200 maritime experts from 30-plus countries.

24 Oct 2019

Maritime Risk Symposium, Nov. 12-15 at SUNY Maritime

© Oleksii Fadieiev/Adobe Stock

The State University of New York Maritime College, in collaboration with the U.S. Coast Guard, National Academy of Sciences, academic institutions, industry partners, and federal, state and local agencies, will host the 10th Annual Maritime Risk Symposium (MRS 2019) Nov. 13-15, 2019, at New York Maritime College located in the Bronx, New York.MRS 2019 will bring together academics, government and commercial entities to discuss the threats, challenges and risks associated with the Marine Transportation System with a focus on current and future marine transportation challenges and threats.

18 Oct 2019

Total’s First LNG Bunker Vessel Launched

Photo: Total

Total said its first large liquefied natural gas (LNG) bunker vessel has been launched, following the signature of a long-term charter contract between Total and Mitsui O.S.K Lines (MOL) in February 2018.After delivery in 2020, the bunker vessel will operate in Northern Europe, where it will supply LNG to commercial vessels, including 300,000 tons per year for CMA CGM’s nine ultra-large newbuild containerships in Europe-Asia trade, for a period of at least 10 years.The LNG bunker…

17 Oct 2019

GTT LNG Carrier Orders at Record Highs

Pic: Gaztransport & Technigaz

Gaztransport & Technigaz (GTT), a company specialised in the design of membrane containment systems for maritime transportation and storage of liquefied gas, said its business activity was marked by a number of successes during the first nine months of 2019, particularly in the field of LNG carriers.In addition to the 26 orders for LNG carriers booked during the first half of the year, there were an additional 14 bookings in the third quarter of 2019, i.e. a total of 40 LNG carrier orders during the first nine months of 2019.GTT's core business activity is…

17 Oct 2019

U.S. Congressman Elijah Cummings Passes Away at 68

Congressman Elijah E. Cummings (CREDIT: Congress.gov)

At approximately 6:20 AM this morning, the Office of Congressman Elijah E. Cummings Released the Following Statement:At approximately 2:30 A.M. on Thursday October 17, 2019, Congressman Elijah E. Cummings (MD-07) passed away at Gilchrist Hospice Care, a Johns Hopkins affiliate, due to complications concerning longstanding health challenges. More details will be forthcoming.The energetic Cummings was best known in maritime circles for his time spent as chair of the Subcommittee on Coast Guard and Maritime Transportation where…

11 Oct 2019

Flawed CRS Dredging and Jones Act Report Under Fire

Dredging operations underway in U.S. inland rivers (Source: Port NOLA)

Congressional Leaders Rebuke Fatally Flawed Congressional Research Service Reports on Dredging and U.S.-flag Shipping.The Chairman and Ranking Members of the U.S. House of Representatives Transportation and Infrastructure Committee (T&I) and the Chair and Ranking Members of T&I’s Subcommittee on Coast Guard and Maritime Transportation sent a letter to the Library of Congress refuting a recent Congressional Research Service (CRS) report on the American dredging industry as “filled with misleading…

08 Oct 2019

Marlink ITLink for J. Lauritzen Gas Carriers

Credit: Lauritzen Kosan

Danish shipping company J. Lauritzen has selected Marlink to deploy fully integrated and managed IT services on all Lauritzen Kosan managed gas carriers. The solution will be based on Marlink’s ITLink portfolio, with the KeepUp@Sea platform enabling automation of software and security updates, network and PC health monitoring and remote access for fast issue resolution. Once implemented, Lauritzen Kosan will benefit from a fully standardized ICT setup across its fleet, and have…

30 Sep 2019

Mitsubishi Wins Order for Two Ferries

Mitsubishi Shipbuilding Co., Ltd., a group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, has received orders for two large, high-speed ferries from Shin Nihonkai Ferry Co., Ltd. The vessels will be constructed at the Tategami Main Plant of MHI's Nagasaki Shipyard & Machinery Works, scheduled for completion and delivery in 2021.The two ferries on order will be 222.5m long, 25m wide, 20.4m deep, with draft of 7.4m and gross tonnage of approximately 15,400. Each vessel features capacity of 268 passengers, 154 trucks (12m length) and 30 passenger cars approximately. Both ships are equipped with atrium entrance of three stories high together with see-through elevator…

27 Sep 2019

USCG Commissions FRC in Honolulu

U.S. Coast Guard photo by Petty Officer 3rd Class Matthew West/released

The U.S. Coast Guard commissioned the newest Hawaii-based 154-foot Fast Response Cutter in Honolulu, Thursday.“There is no greater reflection of the commandant’s strategic vision and commitment than the fact that as we commission the William Hart today, it will be the fifth Coast Guard cutter commissioned in the last two years here at Base Honolulu that will operate in the heart of Oceania,” said Rear Adm. Kevin Lunday, commander Coast Guard 14th District. “There is no question that by our actions and not our words alone…

18 Sep 2019

Qatar, Shell Partner on LNG Bunkering

Photo: Qatar Petroleum

State-owned Qatar Petroleum and the Netherlands-based oil and gas company Shell signed a shareholder agreement to establish a joint venture for global LNG bunkering services.The agreement signed by Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments B.V. paves the way for the establishment of a joint venture company owned equally by both parties, subject to customary regulatory approvals.The new company’s principal business activities will include the procurement of LNG…

30 Aug 2019

UPM to Charter 7 LNG-fueled Newbuilds

Image: UPM Global

Helsinki-headquartered UPM Logistics says that it has entered into a long-term charter agreement with the Finnish Bore Ltd and the Dutch Wijnne Barends, both affiliates of the Dutch Spliethoff Group.Together, the companies will design and build seven state-of-the-art vessels for sustainable sea transportation for UPM in Europe.“This arrangement is a consistent step in UPM’s logistics strategy. It will safeguard a sustainable, competitive and reliable shipping solution for our businesses and customers on long term…

28 Aug 2019

Grindrod Shipping Updates on Fleet

Pic: Grindrod Shipping Holdings

Grindrod Shipping Holdings, a global provider of maritime transportation services in the drybulk and product tanker sectors, announced that it took delivery of the IVS Phoenix, a Japanese-built eco ultramax drybulk carrier newbuilding in June 2019. The vessel has been chartered-in from its owner for a minimum period of three years with options to extend for up to two additional years, at Grindrod Shipping’s election, it said.The Singapore-based company said that it sold the 2005…

12 Aug 2019

Mitigating Maritime Risk

© Oleksii Fadieiev/Adobe Stock

“The First Steps in Mitigating Contemporary Risks to our Strategic Sea Lines of Communication”It is indisputable that the world’s economy floats on seawater. It is equally indisputable that international maritime transportation is the tool that keeps the global economy moving. The world economy has surged over the last half century, and that growth has been largely driven by globalization and the consequent reduction in barriers to trade. Any operational disruptions in maritime transportation have wider consequences for society…

08 Aug 2019

Grindrod Takes Delivery of Ultramax

Image: Grindrod Shipping Holdings

Grindrod Shipping Holdings announced that it took delivery of the IVS Okudogo, the first of the two owned ultramax “eco” newbuildings that the Company agreed to acquire in May 2018.In conjunction with the delivery, the global provider of maritime transportation services in the drybulk and product tanker sectors, also announced the completion of a drawdown of a portion of the previously announced $31.4 million indicative newbuild financing with IYO Bank for the vessel.The $15.7 million facility relating to the IVS Okudogo has a seven-year term…

07 Aug 2019

NWSA Terminal 46 Request for Proposals

Image: Northwest Seaport Alliance

The Northwest Seaport Alliance (NWSA), a marine cargo operating partnership of the ports of Tacoma and Seattle, is now accepting proposals for Terminal 46, a 50-acre deep-water marine terminal.The port authority based in the Puget Sound region of the United States said that the successful proposal will align with and support our goal of growing cargo volumes and creating family-wage jobs in the Puget Sound region, while diversifying the gateway’s overall cargo portfolio.Strategically located on the Seattle waterfront with convenient access to major road and rail infrastructure…

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