Hapag-Lloyd Begins TNE Service
German-based cargo container shipping line Hapag-Lloyd AG is launching a new liner service offering a direct connection between Turkey and the US East Coast.The Turkey North America East Coast (TNE) service will operate every nine days between the Turkish seaport of Marmara (Izmit, Istanbul and Gemlik) and the US ports of New York, Norfolk and Savannah, said a press release from the world's fifth largest container carrier in terms of vessel capacity.In addition, the service will…
Cheniere Completes 5th LNG Train at Sabine Pass
Texas-based Cheniere Energy Partners said that that Substantial Completion of Train 5 of the Sabine Pass liquefaction project in Cameron Parish, Louisiana (the "SPL Project") was achieved on March 7, 2019."Commissioning has been completed and Cheniere Partners’ EPC partner Bechtel Oil, Gas and Chemicals has turned over care, custody, and control of Train 5 to Cheniere Partners," it said.Under sale and purchase agreements (SPAs) with Centrica plc and Total Gas & Power North America…
Ossena to Drive AGCS N. America Growth
Allianz Global Corporate & Specialty (AGCS) said that Baptiste Ossena, Global Product Leader of Hull and Marine Liabilities (HML), will assume additional responsibility as the North American Regional Head of HML, effective April 1, 2019.Relocating to New York from Paris, Ossena will work closely with direct report John Kiernan, the current Head of HML in North America, who will take on the key responsibility for large account management and portfolio steering across the business.Ossena has held his current global role since 2017.
FPSO Market to Reach $66Bln by 2026
The global floating production storage and offloading (FPSO) market was valued at around US$ 25 Bn in 2017 and is anticipated to expand at a CAGR of around 12% from 2018 to 2026, said a new report.Based on type, the global FPSO market can be divided into converted, new-build, and redeployed, said a new report by Transparency Market Research (TMR) on FPSO market.In terms of value, the converted segment dominated the global FPSO market in 2017. Low capital requirement and faster…
Vancouver Port Cargo Volumes Hit Record in 2018
The Vancouver Fraser Port Authority has released the 2018 year-end statistics for cargo through the Port of Vancouver. The second consecutive year of record cargo volumes reflects Canada’s growing trade, said a press release.Overall cargo volume through Canada’s largest port reached a record high of 147 million tonnes, up 3.5 per cent from 2017, it said."One of the port’s biggest strengths continues to be the ability to accommodate the most diversified range of cargo of any port in North America.
SEA\LNG Welcomes Vancouver Fraser Port
The Vancouver Fraser Port Authority has joined SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel. Vancouver Fraser Port is the first North America port member to join the industry group.The Vancouver Fraser Port Authority is the federal agency of the Port of Vancouver, Canada’s largest port, and the fourth port member to join the coalition, alongside Port of Rotterdam, Yokohama-Kawasaki International Port Corporation (YKIP), and most recently the Maritime and Port Authority of Singapore (MPA).
Global Decommissioning Set for Record Levels in 3 Years
With the global offshore decommissioning industry expected to reach $36bn over the next 3 years, several hundred offshore oil and gas wells could cease production by 2021 in the face of today’s bearish oil market.As a consequence, so-called decommissioning obligations in the global oil and gas industry rose to $11.7 billion last year and are projected to hold steady at an average of about $12 billion per year from 2019 through 2021, according to Rystad Energy.“2018 was an all-time high, and the next years are set to break this record,” said Rystad Energy partner Audun Martinsen.
Australia Leads FPSO Deployment in AsiaPac
A total of 67 floating production, storage and offloading (FPSOs) vessels are expected to start operations globally by 2025, with Australia leading the Asia-Pacific region.Globally, 67 planned and announced FPSOs are expected to start operations between 2019 and 2025, revealed the report 'Q1 2019 Global FPSO Industry' by GlobalData.Of these, 26 are planned and 41 are announced and of these Australia will account for all FPSOs planned for deployment in Oceania during 2019-2025.In Oceania…
Oil and Gas Projects to Triple in 2019
A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide could see sanctioned volumes of oil and gas – excluding shale and tight oil and gas prospects – nearly triple compared to last year’s tally.The collective volumes could swell past 46 billion barrels of oil equivalent (boe), according to research conducted by Rystad Energy.“We expect global FID volumes in 2019 to triple over last year, and 2019’s megaproject awards could lead to billions of subcontracting dollars in coming years…
Insuring the Marine Industry’s Risky Work Environment
From high-traffic ports to bustling boatyards, and busy shipyards to expanding marinas, marine professionals operate in a challenging environment. They work on land, on or around water, and are exposed to all kinds of weather. And the challenges won’t ease up any time soon. Our nation’s ports continue to expand as trade surges. Add in increased commercial vessel traffic and recreational boating, and it’s clear that marine businesses have to be in shipshape condition. It means that the marine insurance industry has to stay on its toes too…
Protheroe Takes Charge of BV N. America
Tim Protheroe, with more than 40 years of industry experience, was tapped to head North American activities for Bureau Veritas Marine & OffshoreProtheroe was officially named Regional Chief Executive, Marine & Offshore, North America, providing leadership in the United States and Canada. His role includes responsibility for the marine operational client support teams and services provided under the continued management of the General Manager, Marine Operations, Daniel Giani. Protheroe will report to Bruno Dabouis…
Inside the World's Top Ferry Lines
The ferry business, unlike more industrial parts of the shipping business, touches wide swaths of the world’s population across continents. The membership of Interferry, the leading trade group for the industry, with non-Governmental organization (NGO) status at the International Maritime Organization (IMO) includes 200+ members from all parts of the ferry spectrum. These include passenger ferries (including fast ferries), Ro/Pax and cruise ferries operating globally. In selecting “the best” we looked beyond the league tables of “the most” (passengers) and “the biggest” (fleet size).
TFI Buys Toronto Tank Lines
North American transportation and logistics player TFI International has announced the acquisition of Toronto Tank Lines (TTIL).Acquisition strengthens TFI’s logistics and specialized tank capabilities throughout North America, said a press note.Founded in 1993 and based in Hamilton, Ontario, TTL specializes in the transportation and storage of food grade liquids, industrial chemicals, specialty oils and waxes throughout Canada, the United States and Mexico.TTL operates storage facilities and a fleet of approximately 75 tank trailers and 45 power units…
Oi: Tracking 50 Years of Ocean Innovation
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…
Tracy to Lead Marine Division of Viega
Industry veteran T.J. Tracy has been named Director of the Marine Division at Viega LLC.Tracy is charged with further developing the company’s fast-growing marine division. Viega offers a full line of fittings and valves designed specifically for joining pipe systems on board military vessels, commercial vessels, oil platforms, cruise ships and mega yachts. Tracy has spent his entire career in the maritime industry. Prior to joining Viega, he was vice president of sales and marketing at Survitec Group & Zodiac of North America.The Coast Guard veteran has a criminal justice degree from State University of New York College at Oswego. He and his wife have twin daughters. They live in Cambridge, Md.
Suez Canal Extends Bulker Toll Discounts
The Suez Canal Authority (SCA) has extended discounts concerning dry bulk vessels operating between American and Asian ports after considering “new changes in the global shipping market and the world economy”."SCA pays more attention to its users best interest, and has recently taken steps towards being the safest, most secure, most reliable and most competitive compared to other routes," said a press release.It said that the rebate granted to (Laden/Ballast) Dry Bulk Vessels operating between Americas' ports and Asian ports…
Maersk Acquires Customs Broker Vandegrift
Danish shipping giant A.P. Moeller-Maersk A/S has acquired Vandegrift, a US-based customs house broker, as the ocean container line pushes further into land-based logistics services and operations. This is the first acquisition of the year in the fast-growing logistics sector.“Vandegrift’s expertise and reputation enables us to place a trusted advisor in front of our customers to design and build individualized Customs Brokerage and Compliance programs that identify risk and provide solutions.
Savannah Port to Build Mega Ship Hub
The Port of Savannah will soon be able to unload six 14,000 TEU vessels at the same time. The plan, which is called “Big Berth, Big Ship”, effectively doubles the port’s capacity to handle mega-boxships. Georgia Ports Authority (GPA) Executive Director Griff Lynch unveiled the new program that will allow the Port of Savannah to simultaneously handle six 14,000 TEU vessels by 2024, a press release said.“No other single container terminal in North America has the ability to expand berth capacity at this rate,” said Lynch.
Kia Motors to Use Georgia Ports for SUV
Kia Motors Manufacturing Georgia has announced the Telluride, its new eight-passenger SUV, will be shipped to the Port of Brunswick for global markets this month.“The launch of the Kia Telluride, our largest and most refined SUV to date, will be a monumental achievement for KMMG,” said Countess. “From the support we receive from GPA with our inbound parts from our global supply chain to supporting our export of finished vehicles to current and future markets, GPA will play an important role.”Through vertical integration – parts in via Savannah…
Boskalis Wins LNG Modules Contract
Dutch dredging and heavylift company Royal Boskalis Westminster has been awarded a contract for the transportation of a large number of modules for a North American LNG export facility.The contract value amounts to approximately USD 55 million with additional options for extensions, worth up to USD 30 million, a press release said.The scope of work includes the logistical management and transportation of various large modules from a fabrication yard in China to the facility in North America.
Ruhl Named CEO of Algoma
Ken Bloch Sørensen has stepped down as president and CEO of Canadian shipowner Algoma Central Corporation after leading the company for four years. Gregg A. Ruhl, the current Chief Operating Officer, has been named President and Chief Executive Officer and will assume that role immediately.Soerensen is said to want to spend more time with his family in Europe. He joined Algoma in April 2015 and was charged with redefining the strategic focus of the Company to include growth markets beyond North America.
FLNG Market Grows a CAGR of +93%
Global floating liquefied natural gas (FLNG) market is growing at a CAGR of +93% during forecast period 2019-2026 as the demand for natural gas has been rising as it is a preferred fuel in power generation in various industries.According to a report from Research N Reports, the demand comes from mainly for the regions such as North America, Europe, China, Japan, Southeast Asia and India.Natural gas is cleaner, safer, and more cost-effective than other fuels. It has the potential to significantly reduce greenhouse gas (GHG) emissions…
IMO 2020: More than Fuel Choice
With a year to go before the implementation of the 2020 Sulfur Cap, few topics will be higher on the list of priorities for shipowners than complying with Annex VI of the IMO MARPOL Convention (2008). However, the reduction of sulfur content in marine fuel from 3.5% to 0.5% in time for the deadline means more than identifying a strategically suitable fuel choice. The importance of choosing the correct lubricant, coupled with incorporating the relevant supporting is also a vital consideration.As both a global lubricant supplier and as a part of the wider Total Group…