Mining News

07 Mar 2019

World Bank Targets Offshore Wind Markets

Image: Orsted

The World Bank Group announced a new program to advance the adoption of offshore wind energy in developing countries and emerging markets.The World Bank and  International Finance Corporation (IFC) will help these markets evaluate their offshore wind potential and provide technical assistance to develop a growing pipeline of projects that are ready for investment by renewable energy developers, said a release from the  international financial institution.The offshore wind industry has grown nearly five-fold since 2011…

07 Mar 2019

IBM Canada Joins COVE

COVE has announced that IBM Canada has joined the ocean business park as a tenant, one of 50 currently in residence.IBM is one of Canada’s top 10 private research and development investors and last year contributed more than $478 million to Canadian research activities. In September 2018, it was revealed that IBM, along with COVE, Dalhousie University, the Ocean Frontier Institute, the Government of Canada, local industry and the Province of Nova Scotia, were collaborating on…

07 Mar 2019

Lankhorst Appoints Commercial Director

Mark Pieter Frölich (Photo:  Lankhorst Ropes)

Maritime and heavy lift ropes company, Lankhorst Ropes, has appointed Mark Pieter Frölich as commercial director for Lankhorst Ropes USA. Based in Philadelphia, Frölich will head the development of Lankhorst Ropes’ sales in the maritime and offshore markets in the United States and Canada.Lankhorst Ropes is part of Kansas based WireCo WorldGroup, a steel wire and synthetic ropes maker. Previously regional manager for Lankhorst Ropes in the Middle East, Frölich has spent the past seven years successfully founding and growing the WireCo WorldGroup branch office in Dubai.

04 Mar 2019

Solomon Islands Oil Spill: More Help on the Way

Up to 75 tonnes of heavy fuel oil has dispersed across the island's sea and shoreline, contaminating the ecologically delicate area. Credit: DFAT

Australia is sending more help to the Pacific nation of the Solomon Islands to stop oil from a grounded cargo ship destroying a World Heritage-listed marine sanctuary, Australia's foreign minister said on Sunday.At least 75 tonnes of heavy fuel oil has spilled from Hong Kong-flagged bulk carrier Solomon Trader since Cyclone Oma drove it onto a reef at Rennell Island on Feb. 5.The ship was carrying 700 tonnes of oil when it ran aground and there are fears the remaining fuel will spoil Rennell Island…

01 Mar 2019

Caribbean Commits to IMO Standards

Pic: International Maritime Organization (IMO)

Caribbean States and Territories have re-affirmed their commitment to implementing International Maritime Organization (IMO) standards for safe, secure and sustainable shipping.According to the UN body, this is part of wider efforts to intensify investments and harness the full potential of the oceans, rivers and lakes to accelerate economic growth, create jobs and fight poverty.Ministers responsible for maritime transport and other participants representing the Governments in the region met at a High Level Symposium (27 February) in Montego Bay…

21 Feb 2019

Oi: Tracking 50 Years of Ocean Innovation

Marine Technology Reporter published a supplement to celebrate the 50th anniversary of Oceanology International. Photo: MTR

As Oceanology International celebrates its 50th Anniversary, Marine Technology Reporter explores half a century of subsea technology development and discovery. Oceanology International Americas runs February 25-27, 2019 in San Diego.When Oceanology launched in 1969 in the seaside resort of Brighton the world was a very different place. For a start, Brighton was home to the mods and rockers, who would square off against each other on the town’s elegant seafront. The British currency included shillings and ha’ pennies and man had yet to step foot on the moon.More crucially…

19 Feb 2019

Dry Bulk Market Outlook Darkens After Vale Casualty

File Image: AdobeStock / © Lucasz Z

The prospects of dry bulk shippers carrying iron ore from mines to smelters have worsened due to the accident at Vale's Brumadinho dam in Brazil, Golden Ocean said on Tuesday as it presented forecast-beating quarterly earnings.The dam in the town of Brumadinho, which contained tailings, the mud-like byproducts of iron ore mining, burst on Jan. 25, killing at least 166 people and with almost 200 more still missing.Brazil's Vale, the world's largest iron ore mining company, has…

12 Feb 2019

IMO 2020, IoT & the Enviro Agenda

Environmental Monitoring is seen by 46% of shipping participants as one of the most important drivers for deploying IoT-based solutions. Photo: © @nt/AdobeStock

While conservatism is a hallmark of maritime, research from Inmarsat finds that IoT may be helping turn the tech tide by delivering new solutions that ease rather than complicate compliance.With environmental imperatives mounting, shipping’s hesitation concerning new technology has been laid bare in an Inmarsat Research Program report that includes data on how far the industry sees IoT-based solutions as a gateway to sustainability. Directly out the porthole is the IMO 2020 fuel sulfur cap, but further along is 2050 the target to cut GHG ship emissions by 2050.

04 Feb 2019

Blockchain to Track Sustainable Biofuel

BHP and NYK use GoodFuels biofuel to progress decarbonisation goals. Image: GoodFuels

Japanese shipping company NYK, global mining company BHP, green biofuel company GoodFuels and the developer of blockchain applications for the maritime industry Blockchain Labs for Open Collaboration (BLOC) bunkered biofuel in the tanks a BHP vessel in Netherlands.The Netherlands based GoodFuels Marine, a supplier of sustainable low carbon marine fuels, has annouced the successful delivery of sustainable biofuels to the BHP-chartered, NYK-owned bulk carrier Frontier Sky, with CO2 savings verified with BLOC’s blockchain fuels assurance platform.

24 Jan 2019

Cosco Shipping Buys 60% Stake Peru's Chancay Terminal

Pic: Cosco Shipping

Global ports operator Cosco Shipping Ports acquiring 60% stake in Terminales Portuarios Chancay (Chancay Terminal) from Volcan Compañía Minera for a total consideration of US$225million.Zhang Wei, Vice Chairman and Managing Director of Cosco Shipping Ports and  José Picasso, Chairman of Volcan signed the agreement on behalf of the two parties.The ceremony was witnessed by Mercedes Aráoz, Vice President of Peru,  Xiao Yaqing, Chairman of State-owned Asset Supervision and Administration Commission of the State Council…

24 Jan 2019

Shipbuilding: Damen TSHD for Portuguese Dredging Company

Photo courtesy of Damen

Recently the Jose Duarte started its first mining job in Lisbon. The trailing suction hopper dredger has been built in Portugal for a Portuguese dredging company, to a Spanish design and using Dutch dredging equipment. The European cooperation has resulted in a customized dredger performing above expectations on her first job.Portugal has a long coastline and a number of busy navigable rivers – an excellent backdrop for the dredging company Inersel. When Inersel required an addition to its fleet, its preference was to acquire it within its home country.

11 Jan 2019

Diesel Futures Project Slowdown in 2019: Kemp

© ronniechua/AdobeStock

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.

27 Dec 2018

Damen Snags Year-End Contract from EMAR Offshore

Johan van Beek, managing director EMAR Offshore Services, Vincent de Maat, sales manager Damen and Wilbert Versteeg, commercial director EMAR Offshore Services, during the contract signing for a Damen ASD Tug 2811.  Photo: Damen

EMAR Offshore Services placed an order for a Damen ASD Tug 2811, a stock vessel to be named E-TWO and delivered in Q1 2019 after an additional FiFi1 system and aft winch are installed.The ASD Tug 2811 is one of Damen’s ‘next-generation’ harbor tugs, announced in 2018. An upgraded version of the ASD Tug 2810, it has been optimized for the decade ahead with features that include full compliance with the new stability regulations, a modular marine NOx reduction system and the Damen Digital Platform to maximize performance and reliability.

19 Dec 2018

President Energy Strikes Oil in Argentina

Image: President Energy

UK-based oil and gas company President Energy President Energy has encountered oil in the third and final well of its current drill programme at the Puesto Flores concession in Argentina.Well PF0 1005 has been drilled, logged, cased and cemented to 2,360 metres both on time and on budget, the company focusing primarily on high margin production opportunities in Latin America said.Both the Punta Rosada primary target and the Lotena formation secondary target resulted in good oil…

18 Dec 2018

French Frigate Shoals: A Canary in the Coal Mine

© cartoonresource/Adobe Stock

French Frigate Shoals are located in the northwestern Hawaiian Islands, between Kauai and Midway. The atoll consists of a twenty-mile long crescent-shaped reef, with 13 coral and sand islands and the 120-foot high volcanic rock Perouse Pinnacle, named for French explorer Jean-Francois de la Perouse, who charted the atoll in 1786 and nearly grounded his two frigates. Tern Island is the largest, covering 105,276 square meters or 26 acres. Second largest is (or was) East Island, with 35…

05 Dec 2018

India Plans Deep Dive for Seabed Minerals

© Mykola Mazuryk / Adobe Stock

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…

04 Dec 2018

Rising Ship Supply Eases LNG Charter Rates

File Image: a fully laden LNG tanker transits the Med in this recent image. Credit: Robert Murphy

Limited availability drove LNG shipping rates to highs; but prices now falling as more ship supply becomes available.Inflated spot charter rates for liquefied natural gas (LNG) tankers are easing as more ships becoming available, which could help increase LNG trade if Asian demand rises in coming months.LNG charter rates are a key component of spot LNG trade, dictating the way the super-cooled gas is transported. Charter rates usually follow the price of LNG, which has fallen since September due to sluggish demand from Asian buyers.Rates have remained high for most of this year…

03 Dec 2018

Nautilus Minerals to Acquire Production Support Vessel

Image: MAC Goliath Pte Ltd

The underwater mineral exploration company headquartered in Toronto Nautilus Minerals Inc. is currently negotiating the terms of an agreement with arm's length third parties that would involve the creation of a new joint venture company - Vessel JV - to be owned by the third parties and Nautilus’ subsidiary, Nautilus Minerals Niugini Limited (NMN).The purpose of the Vessel JV would be to fund the acquisition of the Production Support Vessel (PSV) that Nautilus had previously arranged…

20 Nov 2018

Scandium International Signs LoI with Austal

Image: Austal

Scandium International Mining announced that it has signed a Letter of Intent (LOI) with Austal, to test scandium-containing aluminum alloys in marine applications.Austal is an Australian-based global shipbuilding company that specializes in the design, construction and support of both defense and commercial vessels. Austal is the world’s largest aluminum shipbuilder and Australia’s largest defense exporter.The LOI calls for the Company to contribute various aluminum alloy samples containing scandium…

09 Nov 2018

DSC Dredge CEO Wetta Delivers Ghana Fact-Finding Trip Report

Bob Wetta, President and CEO of DSC Dredge LLC, right, with U.S. Commerce Secretary Wilbur Ross during PAC-DBIA. (Photo: DSC Dredge)

As a member of the President’s Advisory Council – Doing Business in Africa (PAC-DBIA), Bob Wetta attended the September 26, 2018 Fact-Finding Trip Report meeting in Washington, D.C., with U.S. Secretary of Commerce Wilbur Ross and 13 other U.S. Government officials. Their purpose was to deliberate and adopt the final report of the 2016-2018 term of the PAC-DBIA. Prepared by IBM’s Takreem El-Tohamy, but unfortunately unable to attend the meeting, Bob Wetta presented the Ghana information…

08 Nov 2018

Smit Lamnalco Takes Delivery of Two Tugs

Photo: Damen Shipyards Group

Shipbuilder Damen said it has delivered the third and fourth units in a four-vessel contract to leading towage company Smit Lamnalco. All four vessels are Damen’s ASD Tug 3212 class with a bollard pull of 80 metric tons. The order was placed in November 2017 and, with stock boats available, the first two were delivered in June and these latest arrivals in October.The SL Thunggun and SL Irrong have arrived at Darwin in Australia’s Northern Territory and will shortly be heading east to the Weipa bauxite mine on the Cape York Peninsular, Queensland.

29 Oct 2018

Rio Tinto: Autonomous Ships "Not Far Off"

Ship being loaded at Rio Tinto Weipa operations with bauxite stockpiles in the background. Copyright © 2018 Rio Tinto.

Mining companies must forge new ties with partners from customers to governments as they pursue innovation and compete for talent with technology giants, Rio Tinto's chief executive said in a speech to be delivered on Tuesday.The mining industry has recovered from the deep commodity crash of 2015-16, but faces headwinds from U.S.-China trade tensions, which have dented the copper price, and is struggling to win investor trust.In a copy of a speech to be delivered at a conference in Melbourne on Tuesday…

25 Oct 2018

Jacobs Sells ECR Division to WorleyParsons

Pic: WorleyParsons

Australia's WorleyParsons has entered into a binding agreement to acquire US contractor Jacobs Engineering's  Energy, Chemicals & Resources (ECR) division, a leading global technical services provider across Hydrocarbons, Chemicals and Mining & Minerals.ECR has a global footprint with long-term, blue-chip relationships in key strategic markets, most notably the US, Canada, the Middle East and India. The business has more than 30,900 employees in 27 countries.Jacobs ECR is ranked number one globally for its delivery of complex petrochemical and chemical projects…

Maritime Reporter Magazine Cover Mar 2019 - Cruise Shipping

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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