Antwerp Port Sees Record Volumes in 2015
In 2015 for the first time in its history the port of Antwerp passed the 200 million metric ton mark for the volume of freight handled, by a wide margin. On December 31, the figure stood at 208,423,920 metric tons of freight handled. That’s 4.7 percent more than the previous year, which ended with a volume of 199 million metric tons. Another million metric ton record was broken in the container handling sector, with a volume of more than 9.6 million TEU (twenty-foot equivalent units, i.e. standard containers). In comparison with 2014, 7.5 percent more containers were handled.
Which way to Munich?
Drewry Supply Chain Advisors’ whitepaper finds that the traditional gateway ports in North-West Europe no longer hold all of the trump cards. A recently published whitepaper from Drewry’s Supply Chain Advisors looking at the ‘Best Routes’ for containerised imports into South Germany from China found that for some shippers using Mediterranean gateway ports is a viable alternative to the traditional North-West Europe gateways. To establish shippers’ best-route Drewry examined a variety of routes to find the best mix of cost, transit time and the number of service options.
Nordics First Bunkering Station for LNG
Skangas announced that the first ever bunkering station for liquefied natural gas (LNG) in the Nordics is open and operating successfully. The new bunkering station fuels Fjord Line’s cruise ferries, which are the first - and largest - in the world to use "single fueled LNG engines," meaning that they are powered exclusively by LNG. Loading arm is a well-known method of transferring cargo for large oil and LNG terminals. According to Skangas, this is the first loading arm ever developed purely for bunkering. LNG ships have normally been bunkered via hose connections from a truck or a tank.
Global LNG Price Slide Resumes on Weak Demand
Asian spot liquefied natural gas (LNG) prices for July fell this week on continued weak demand and ample supply. The price of Asian spot cargoes slid to $7.40 per million British thermal units (mmBtu), compared with around $7.70 per mmBtu last week. There was supply availability from Russia's Sakhalin export plant, which launched a tender to sell four cargoes spread across July, August and September last week. Sakhalin was also expected to shut down for a month long maintenance outage, although production will only be reduced by half during the period, a spokeswoman for Sakhalin Energy said. Jordan launched a tender earlier this week to buy a single cargo in mid-August. The bid submission deadline is June 15 and the award will take place by June 18.
Theyr Debuts Weather, Ocean Forecasting App
Theyr Ltd, a premium weather-forecasting provider, specializing in the maritime and wind energy sectors, announced today the launch of its Digital Precision Weather and Ocean Forecasting app for the professional mariner, GRIBview mobile. The revolutionary App delivers a level of weather and ocean forecasting accuracy previously unseen in the mobile market. GRIBview mobile provides free and unlimited GRIB downloads for GFS (Global Forecasting System) data at 1-degree resolution, as well as unlimited High-resolution data down to 1km resolution for exceptional accuracy.
Qatargas, RWE Ink SPA Deal for LNG Deliveries
Qatargas, the World’s Premier LNG Company, today announced a flexible Sale and Purchase Agreement (SPA) with RWE Supply Trading (RWEST), a leading European electricity and gas company. Qatargas will deliver up to 1.1 million tonnes of Liquefied Natural Gas (LNG) per annum to RWEST in North West Europe for seven and a half years. Saad Sherida Al-Kaabi, Qatar Petroleum President and Chief Executive Officer and Chairman of Qatargas Board of Directors, said: “Qatargas is committed to providing reliable, clean energy to consumers all over the world.
First Shipload of LNG Arrives at Skangas Terminal Finland
Sunday July 10th 2016 the first shipload of liquefied natural gas (LNG) arrived at the Gasum’s subsidiary Skangas LNG terminal in Pori. To be completed in August, the facility is the first LNG import terminal in Finland. LNG was brought with the time chartered Skangas Coral Energy carrier from the North West Europe. The Skangas LNG terminal is undergoing commissioning, and commercial deliveries to customers will begin in September. LNG will help diversify the Finnish energy market…
Weak Oil Threatens US Export of LNG
Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have already invested billions of dollars in long-term contracts. The 26 percent price slide since June to $85 a barrel exposes cracks in the assumption by utilities and industrial companies from Japan to India that cheap U.S. LNG would muscle into high-value Asian energy markets from 2016. Oil prices form the backbone of LNG trade to Asia, because exporters outside the United States typically tie 25-year supply deals to crude oil prices. If prices continue to fall, these suppliers from Qatar to Australia will regain their edge over upstart U.S. producers. "From the buyer's view, $80 oil makes oil-linked supplies less expensive ...
Port of Antwerp Boosts Name Recognition in India
The port of Antwerp is taking steps to further boost its name recognition in India, by expanding its network of local representatives and setting up the Port of Antwerp Alumni Association. On the occasion of the recent state visit to India by HM King Philippe of Belgium, three honorary representatives for North, South and West India were appointed by Jacques Vandermeiren, CEO of Antwerp Port Authority, to support the port’s representative office in Mumbai. Further, the setting up of the Port of Antwerp Alumni Association (PA3), will give an additional boost to Antwerp’s reputation in India.
LNG Carrier Coral Medusa Goes in for Repair
The gas carrier Coral Medusa, owned and operated by the Anthony Veder Group, has completed her intermediate survey at Damen Shiprepair Harlingen. The intermediate survey was scheduled and executed while the ship was under gas vapors from her last cargo. Damen Shiprepair & Conversion was able to offer three locations, Flushing, Schiedam and Harlingen, that are certified to repair gas tankers which are not gas-free. Harlingen had immediate availability so the Coral Medusa docked on July 19.
Van Oord to Acquire Activities of Ballast Nedam Offshore
Van Oord has reached agreement on the acquisition of the activities of Ballast Nedam Offshore. The acquisition consists of the assets of Ballast Nedam Offshore, the dedicated EPCI staff (Engineering, Procurement, Contracting and Installation), heavy lift installation vessel Svanen and the Westermeerwind project (144 MW). The activities will be integrated into Van Oord’s Offshore Wind Projects business unit. The acquisition will strengthen Van Oord’s leading position in the offshore wind market for north west Europe.
Damen Sells Shoalbuster to V.O.F. Sleepboot
On August 29 a contract was signed by Jos van Woerkum, Managing Director of Damen Shipyards Hardinxveld, and Willem-Harm Mastenbroek, owner and managing director of V.O.F. Sleepboot ISA, for the delivery of a new Damen Shoalbuster 2709. Based in Wijk bij Duurstede in the Netherlands, the company has undertaken projects across north west Europe and as far east as the Caspian Sea. The new Shoalbuster is replacing a 30-meter, multipurpose, anchor handling tug and will be available for work all over the world.
Completed GMS Scirocco Gets first Contract
Gulf Marine Services the provider of advanced self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, informed that the newly-built GMS Scirocco has been completed ahead of schedule and under budget and has been awarded its first contract. The vessel will commence a four-month contract (three months firm with a one-month option) in October for an engineering, procurement and construction contractor working for a MENA-based national oil company, with day rates in line with those previously indicated for the region.
SCF, Shell Push LNG Fuel for Aframax Tankers
SCF Group signed time-charter agreements with Shell for two dual-fueled Aframax tankers. At a ceremony held during International Petroleum Week in London, the time charter agreements were signed by Evgeny Ambrosov, Senior Executive Vice-President of SCF Group, and Mark Quartermain, Vice-President of Crude Trading for Shell. The vessels are part of a series of six SCF Group tankers currently under construction and due for delivery between Q3 2018 and Q1 2019. The two tankers will be on time charter to Shell for up to 10 years, with a minimum commitment of five years.
First US Shale Gas Exports to Sail into Oversupplied Market
When Cheniere Energy opened a new liquefied natural gas import terminal in Louisiana in 2008, a U.S. shale drilling boom quickly made it obsolete. Seven years on, with the Houston-based firm about to open a landmark export plant on the same site, the timing, again, is far from ideal. A Reuters analysis shows that a slump in oil prices and global abundance of LNG threaten to undercut the economics of U.S. gas exports, crimp shippers' profits and possibly reduce demand for facilities such as Cheniere's $12 billion Sabine Pass plant, the first to send U.S. shale gas worldwide. New supply across the globe, faltering demand and a steep drop in oil-linked LNG prices will make short-term, or spot, deliveries of U.S.
Deloitte : Investment Crucial for UKCS
The North Sea needs continued investment from businesses and government through its current period of transition, according to a new report from Deloitte, the business advisory firm. Deloitte’s Petroleum Services Group’s latest North West Europe Review, which details drilling, licensing, and deal activity across the region for the whole of 2014, follows a year of change on the United Kingdom Continental Shelf (UKCS), along with volatility in commodity prices over the last five months. The report found that 40 wells were drilled offshore UK throughout the year.
Share Holders Okay Macquarie, Goldman Sachs to Acquire HES International
Riverstone Holdings and The Carlyle Group jointly announce that they intend to sell HES International to a consortium of Macquarie Infrastructure and Real Assets (MIRA) & Goldman Sachs. Macquarie European Infrastructure Fund 5, which is managed by MIRA, and West Street Infrastructure Partners III (WSIP), which is managed by the Merchant Banking Division of Goldman Sachs, have reached an agreement in principle with Riverstone Holdings and The Carlyle Group to acquire HES International.
SCF Secures Funds for Six Aframax Tankers
PAO Sovcomflot (SCF Group) informed that it has signed a new $252 million 7-year credit facility with a consortium of six leading international banks, which includes: ABN AMRO Bank; BNP Paribas; Citibank; ING Bank; KfW IPEX-Bank, and Société Générale. The funds will be used towards financing a series of six Aframax tankers, the first-ever such vessels purpose-designed to be powered by LNG, currently under construction and due for delivery from Q3 2018 to Q2 2019. These innovative…
Rotterdam Port Calls for North-West Europe Joint CO2 Price
The Port of Rotterdam Authority is calling on the Dutch Government to form a coalition with countries in North-West Europe so that a joint CO2 price can be introduced. At the Port Authority’s Energy in Transition Summit 2018 on the RDM site in Rotterdam, Port Authority CEO Allard Castelein made a powerful case for a much higher CO2 price in conjunction with a new industrial policy for the Netherlands. At the summit, the Port Authority also revealed the results of the CO2 impact of marine and inland shipping.
Global Sulphur Cap Expected in 2020 –ICS
The shipping and bunker refining industries should work to the possibility that the global 0.5% sulphur in fuel cap, required by the International Maritime Organization (IMO), is more likely to be implemented worldwide from 2020, rather than 2025, the International Chamber of Shipping (ICS) has agreed. “While postponement of the sulphur global cap until 2025 is still a possibility, the shipping and oil refining industries should not assume that this will happen simply because they are unprepared,” ICS Chairman, Masamichi Morooka, explained, speaking after an ICS Board meeting in London.
Port of Antwerp twins with Guangzhou
The ports of Antwerp and Guangzhou are to collaborate even more closely under the terms of a twinning agreement signed on Thursday 10 December in the Chinese port city. Antwerp, the second-largest port in Europe, and Guangzhou, number 8 in the world, have long had a close relationship with each other. Already in 2010 Guangzhou signed an agreement with APEC, the port of Antwerp training centre, under which various groups of shipping professionals from the port of Guangzhou have attended courses at APEC.
$252m Finance for LNG-Powered Tankers
Watson Farley & Williams (“WFW”) has advised ING Bank (“ING”), as agent, security trustee and the syndicate of lenders on the US$252m financing of the world’s first ever LNG-powered aframax tankers for leading Russian shipowner Sovcomflot Group (“SCF”). The six 114,000dwt, ice-class vessels are being built by Hyundai Samho, with two of the vessels to operate under time charter to Shell for up to ten years. Shell will also provide LNG fuel for all six tankers across north-west Europe and the Baltic.
Double Record set by Antwerp Port
The port of Antwerp is on course to handle more than 200 million tonnes of freight this year for the first time ever. And in container transhipment too a new record has been set, with more than 9 million TEU (twenty-foot equivalent units, i.e. standard containers) being handled. In comparison with last year nearly 8% more containers will be transhipped. With these growth figures Antwerp is performing significantly better than Rotterdam and Hamburg, the number 1 and 3 ports respectively in North-West Europe. The port of Antwerp has a particularly rich history.