Newcastle Port Becomes First EcoPort in Australasia
Port of Newcastle has become the first port in Australia or New Zealand to commit to meeting global environmental and sustainability standards as set by EcoPorts.The port was this month granted membership of the International EcoPorts network, having completed rigorous assessments to benchmark its environmental and sustainability practices against 120 major ports across Europe, Asia, North America and South America.Developed in 1997, EcoPorts remains the only Environmental Management…
Schottel Merges Tidal Units to Sustainable Marine Energy
Schottel, the manufacturer of propulsion and steering systems for ships and offshore applications, has made a strategic decision to merge its tidal energy businesses into Sustainable Marine Energy (SME), including UK subsidiary TidalStream Ltd and Canadian subsidiary Black Rock Tidal Power Inc (BRTP)."Following the successful collaboration between SME, Schottel Hydro and Black Rock Tidal Power to develop and demonstrate the PLAT-I floating tidal energy system, with deployments in Scotland and in Canada…
Global Gas Output Hit Record in a Decade in 2018
The oil and gas industry achieved a net production increase of 164bn cubic metres (bcm), which represents the highest production growth since 2010, according to research by Rystad Energy.“Year-on-year growth was clearly driven by North America, which accounted for 71 bcm, followed by the Middle East with 39 bcm. Europe was the only region that experienced a reduction in 2018,” Rystad Energy partner Espen Erlingsen said.Rystad Energy forecasts the supply surge will continue in the coming years.
Ørsted Collaborates with US Fishing Coalition on Offshore Wind
Global developer of offshore wind farms Ørsted U.S. Offshore Wind has entered into a partnership agreement with Responsible Offshore Development Alliance (RODA) to improve communications between the seafood industry and offshore wind energy developers.“This first-of-its-kind partnership will create an unprecedented opportunity for commercial fishermen to provide direct input to the wind energy industry on matters of significant interest to their businesses,” according to the statement issued in Boston by the RODA…
LNG REPORT: LNG Bunkering Vessels Rise to Nine, 30 More to Come
The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, from limited availability at select ports, LNG bunkering has grown to encompass 24 out of the world’s top 25 and all but one of the top ten bunker…
Seaway Activity Exceeds 40 Million Tonnes in 2018
The St. Lawrence Seaway Management Corporation (SLSMC) has announced that tonnage on the waterway during the 2018 navigation season totaled 40.9 million tonnes. The highest result since 2007, much of the credit for the increase in tonnage can be given to healthy movements of grain, the best on record since the turn of the century. Marketing efforts under the “Highway H2O” initiative served as a catalyst to spur increased movements of a broad range of cargoes including grain, road salt, stone, cement, gypsum and refined fuels.The 2018 navigation season concluded on December 31st, with the transit of the Cedarglen through the Welland Canal’s Lock 8 at 12:35, heading for Lake Erie. In the Montreal sector, the M.V. Floragracht was the last ship to transit, clearing the St.
PORTS: Busiest U.S. Port Set Cargo Records
The Ports of Los Angeles and Long Beach on Wednesday said they set all-time records for moving cargo in 2018, after U.S. retailers and manufacturers pulled forward imports to avoid higher tariffs on Chinese goods.The Port of Los Angeles, North America's busiest container port, handled 9.46 million 20-foot equivalent units (TEUs) last year, the most in its 111-year history and 1.2 percent more than in 2017.The neighboring Port of Long Beach processed more than 8 million TEUs for the first time last year…
ZIM Launches Blockchain-based Bills of Lading
Israel’s largest cargo shipping company ZIM Integrated Shipping Services has opened its blockchain platform for electronic bills of lading (eB/Ls) to all clients in selected trades.Over the last year, following ZIM’s November 2017 announcement regarding the first-ever pilot of paperless Bills-of-Lading based on blockchain technology, ZIM and selected leading customers have been testing the new Platform as a solution for trade activities on multiple shipping lanes.Following the successful pilot, accomplished with the cooperation of Wave Ltd.
Offshore Wind Market Expected to Reach $50 bln by 2023
The global offshore wind energy market is poised to grow over USD 49.74 billion by 2023 at an estimated CAGR of around 11.12% during the period 2017 to 2023.The growth in this sector can be attributed to the increasing demand for clean and reliable energy in order to reduce the global carbon emissions and to maintain ecological balance by generating electricity through renewable resources, said a report by Market Research Future.However, high initiating capital cost of the projects with high maintenance cost and logistics issues, can hinder the offshore wind market.
Cosco Opens New International Hainan-ASEAN Liner Route
The New International Land-Sea Trade Corridor (ILSTC) and COSCO Shipping 'Hainan-ASEAN (Singapore)' Liner Route, co-hosted by Hainan Provincial People’s Government and COSCO Shipping, was launched at Hainan Yangpu Xiaochantan Terminal owned by Hainan Harbor & Shipping Holding.Hainan Governor Shen Xiaoming announced the launch of the maiden voyage.The “Hainan-ASEAN (Singapore)” Liner Route opens a direct passage through which goods from China’s western regions can be shipped southward to Singapore via Yangpu Port…
Sea States: Documentary on the Shipping Industry to debut in Spring 2019
Sea States, a new documentary film on the importance of the shipping industry is currently under production by Third Wave Films. Endorsed by the Connecticut Maritime Association, and the Marine Industry Foundation, the film is being funded by key stakeholders in the maritime community.Sea States will show how shipping is the life blood of our global economy. Despite the fact 90% of all consumables arrive by ship, the public remains unaware of the value of this hidden, yet massive industry.
Port of Riga Set to Double Number of Cruise Ships
Over almost half a century, the cruise industry has experienced dynamic growth, initially driven by the demand for cruise travels in North America and the recent demand in Europe and rest of the world, especially China and Australia.The demand for cruise ships in regions of the world has increased from 23.34 million passengers in 2014 to 26.76 million passengers in 2017. Market trends suggest that the number of cruise passengers world-wide may increase by another third by 2030…
BP Energy Partners Acquires Cryopeak LNG Solutions
The private equity firm focused on the energy industry BP Energy Partners (BPEP), LLC announced it has purchased a controlling interest in Cryopeak LNG Solutions Corp, a customer-centric liquified natural gas (LNG) solutions company.Cryopeak will become a portfolio company in BPEP's second private equity fund, BP Natural Gas Opportunity Partners II, LP. In addition to the controlling interest acquisition, BPEP will also commit additional capital to Cryopeak to support its continued…
Gulftainer Names Fred Castonguay New Group CEO
UAE-based privately-owned port operator Gulftainer has appointed Fred Castonguay its new group chief operating officer to strengthen its growing ports and logistics portfolio globally.Castonguay previously served as the vice president of Operations at Ports America Group and as president and COO for Ports America Outer Harbour in Oakland, California.Peter Richards, Group Chief Executive Officer at Gulftainer, said: “We are pleased to welcome Fred Castonguay on board as Group Chief Operating Officer of Gulftainer.
Moody's Says Global Oil and Gas Heads into 2019 on Steady Footing
The global Oil and natural gas prices will be volatile, but also range-bound in 2019, Moody's Investors Service says in its annual report outlining key credit themes in oil and gas for the year ahead.While the recent announcement that OPEC and Russia will cut production helps alleviate concerns about oversupply, the pivotal questions in the coming year are whether OPEC and Russia will maintain their production discipline and what might happen in June, when the current agreement expires.Moody's expects the medium-term price band for West Texas Intermediate (WTI) crude…
Ørsted Bids to Build NJ's First Offshore Wind Farm
Danish energy company Ørsted submitted a bid to the New Jersey Board of Public Utilities (NJBPU) to build an offshore wind farm in response to the first offshore wind request for proposal under Gov. Phil Murphy’s clean energy agenda.Ørsted, the global leader in offshore wind energy, has pioneered and refined the approach to developing and constructing offshore wind farms since it launched the world’s first offshore wind farm in 1991.Ørsted owns and operates the Block Island Wind Farm…
Kalmar to Deliver Straddle Carriers to Maher Terminals
The marine industry equipment manufacturer Kalmar is to deliver a further order of straddle carriers to Maher Terminals LLC for use at their marine container terminal located in the Port of New York and New Jersey.According to a press release from Kalmar, part of Cargotec, the order of 26 straddle carriers was booked in Cargotec's 2018 second quarter order intake, and delivery is scheduled to take place during Q1 of 2019.Maher Terminals is one of the largest privately held, multi-user container terminal operators in the world.
Sempra Energy's Port Arthur LNG in Pact with PGNiG
Poland's state-owned gas company Polish Oil & Gas Company (PGNiG) and Port Arthur LNG, LLC, a subsidiary of Sempra Energy, have entered into a definitive 20-year sale-and-purchase agreement for liquefied natural gas (LNG) from the Port Arthur LNG liquefaction-export facility under development in Jefferson County, Texas. The agreement defines basic terms and conditions of a 20-year contract to be finalized between the parties for the sales and purchase of two million tonnes per annum (Mtpa) of LNG…
Interview: Volvo Penta’s ‘Full Charge’ into Electric & Hybrid
Voices: Ron Huibers, President and CEO, Volvo Penta of the AmericasVolvo Penta has a reputation for pioneering innovations in marine propulsion. To learn more about what the company has on its drawing boards we talked with Ron Huibers, president and CEO of Volvo Penta of the Americas.Please give us a snapshot of your commercial marine business in North America?Our marine commercial business in the Americas has seen great growth, and it now represents a significant portion of our business, along with our leisure marine and industrial engine segments.
EDF, Shell Form JV for New Jersey Offshore Wind
The independent power producer EDF Renewables North America and Shell New Energies US, offshore wind company in the U.S, have formed a 50/50 joint venture, Atlantic Shores Offshore Wind to develop a lease area within the New Jersey Wind Energy Area (WEA).The area, spread over 183,353 acres and located off the coast of Atlantic City on the U.S. Outer Continental Shelf (OCS), has the potential to produce about 2,500 megawatts of offshore wind energy - enough to power close to one million homes…
Fairview Terminal Reaches 1 Million TEU Milestone
The British Columbia’s Port of Prince Rupert and DP World have marked a historic milestone as Fairview Container Terminal handled its millionth container (TEU) for the first time in a calendar year.The 40-foot TEU was loaded with dimensional lumber in Prince George before being shipped to Prince Rupert by train and loaded onto the COSCO Africa container ship to be sent to market.“DP World is proud to have achieved the million TEU milestone,” said Maksim Mihic, General Manager DP World (Canada) Inc.
THE Alliance to Operate 249 Ships in 2019
THE Alliance members Hapag-Lloyd, Ocean Network Express(ONE) and Yang Ming have published details of a rationalised revamped network for east-west trades effective from next year.The forthcoming THE Alliance products of 29 services will cover 76 ports in Asia, Europe including Mediterranean, North and Central America, the Middle East, Red Sea and Indian Subcontinent, said a joint press release.Deployment of over 249 efficient container ships with expanded capacity, offering improved service coverage…
Shipbuilding: Hurtigruten Hybrid Construction Forges Ahead
Norwegian company Hurtigruten, the world’s largest expedition cruise operator, is continuing to push the boundaries when it comes to green travel with its order for three hybrid-powered vessels nearing completion, the first ship being due for delivery in May 2019.Two of these revolutionary ships are currently under construction at the Kleven Yard in Ulsteinvik, Norway, the MS Roald Amundsen and its sister ship, the MS Fritjof Nansen, both of which are custom-designed to cope with some of the most extreme conditions seen on our planet, each having a specially-designed, ice-strengthened hull.