Pakistan News

27 Dec 2018

Great Ships 2018: BP's British Partner

Photos: BP Shipping

BP Shipping took delivery of British Partner, the first of a half dozen new 173,400 cu. m. capacity liquefied natural gas (LNG) carriers to be delivered through 2018 and 2019 from the DSME shipyard in South Korea. BP Shipping, which launched a fleet rejuvenation program in 2016 that includes 32 new vessels for delivery over a three-year period, said the six new Partnership class ships will increase its ability to transport LNG in emerging new markets, such as Pakistan, Jordan, Egypt and Bangladesh, in addition to established markets, such as India, China, the U.S.

21 Dec 2018

FSRU Suppliers Shift from Emerging Markets, Cut Back New Orders

Photo courtesy of Hoegh LNG

Political instability and low credit ratings in emerging economies are putting some shipowners off ordering new floating storage and regasification units (FSRUs), as they shift focus to more mature gas markets.Liquefied natural gas (LNG) demand from emerging markets in Asia, Africa and South America was expected to be boosted by FSRU technologies that are less expensive and time-consuming than onshore import terminals.But a boom in speculative FSRU orders from shipowners led to an oversupply of units this year as import projects across the world were delayed or cancelled…

11 Dec 2018

Trafigura Boosts LNG Volumes by 22%

 File Photo: Singapore LNG Corporation (SLNG)

Geneva based commodity trading company Trafigura increased its liquefied natural gas (LNG) traded volumes by 22% to 9.9 million mt in its financial year ending September 30 2018, driven by sales to China and South Korea, with the Asian share of our LNG business jumping to 30 percent.According to the annual report from the multinational commodity trading company, which is legally registered in Singapore,  the big story in the LNG market in 2018 was a surge in demand in Asia. In China…

10 Dec 2018

IMO Launche Ship Recycling Project in Bangladesh

Photo: International Maritime Organization (IMO)

The second phase of an International Maritime Organization (IMO)-implemented project to enhance safe and environmentally sound ship recycling in Bangladesh has been launched at a meeting of stakeholders in Dhaka, Bangladesh.According to a press release from IMO, the 19-month project is funded under a US$1.1 million agreement with the Government of Norway. It focuses on building capacity within Bangladesh to develop a legal, policy and institutional reform roadmap towards accession…

02 Dec 2018

Royal Vopak Rraises Stake in Pakistan LNG Terminal

Pic: Royal Vopak

Dutch petroleum storage company Royal Vopak announced that it will acquire in total 44% in Elengy Terminal Pakistan Ltd  (ETPL) in separate transactions with International Finance Corporation (IFC) and Engro Corporation Ltd (Engro Corporation). This includes the acquisition of a 29% share announced in July.ETPL's wholly owned subsidiary, Engro Elengy Terminal (Pvt) Ltd (EETPL) owns an LNG facility which is located in Port Qasim in Pakistan, adjacent to the Engro Vopak chemical…

30 Nov 2018

Global LNG Trade Jumps by 7.1%, Says Höegh LNG

Image: Höegh LNG

The global floating liquefied natural gas (LNG) trade reached 236 million tonnes in the first nine months of 2018, up by 7.1% from the same period of 2017 on a combination of robust Asian demand and new supplies of LNG from Australia and the USA, said Höegh LNG.The provider of LNG transportation and services said that for the full year, LNG trade is expected to reach around 320 million tonnes, up by more than 7% from 2017.Increasing Chinese demand continues to be a key driver for expanding LNG volumes.

22 Nov 2018

IMO to Empower Port Women

Image: International Maritime Organization (IMO)

International Maritime Organization (IMO) is supporting a training course aimed at female officials from maritime and port authorities entitled to encourage more women to join the maritime ranks in many aspect of the industry.Twenty-seven women from 18 developing countries are taking part in the two-week "Women in Port Management" course, hosted in Le Havre, France (12 – 23 November). The countries are Antigua & Barbuda, Bangladesh, Belize, Brazil, Cambodia, Dominica, Guyana, Jamaica…

12 Nov 2018

China to Develop Multi Billion Dollar Deep Sea Port In Myanmar

Photo by Xinhua

China and Myanmar are moving ahead with a China-backed deep-sea port project in Kyauk Phyu Special Economic Zone (SEZ) , 250 miles northwest of Yangon.The framework agreement was signed by Myanmar's Deputy Minister of Planning and Finance and Chairperson of the Management Committee of the Kyaukphyu SEZ U Set Aung and President of CITIC Group Chang Zhenming, stated Chinese state media.This is the third port in India’s vicinity. China is also developing deepwater strategic Gwadar port in Pakistan in the Arabian Sea which faces the Mumbai coast.

14 Oct 2018

Adidas Partners with APM Terminals

Pic: APM Terminals

APM Terminals opened the most advanced container terminal in Mexico. Adidas has since moved the bulk of its inbound goods flow to the terminal in Lazaro Cardenas, where automated gates, an efficient on-dock rail facility and a secure gateway to Mexico City support faster cargo delivery.Adidas Mexico imports about 90% of its products from Asia, mainly Vietnam, Indonesia, China, Cambodia, and Pakistan. With plans to deliver 50% of its products to store shelves within 45 days of being manufactured by 2020…

11 Sep 2018

Hapag-Lloyd Christens “Al Jmeliyah” in Rotterdam

Photo: Hapag-Lloyd

Hapag-Lloyd's 15,000 TEU ship "Al Jmeliyah" was officially christened in Rotterdam. Naming patron is Inge Sijbesma, the wife of Feike Sijbesma, CEO of the corporation DSM – one of Hapag-Lloyd’s biggest customers in the Netherlands.The name “Al Jmeliyah” is Arabic for “the beautiful one.” With its ten sister vessels, the “Al Jmeliyah” numbers among the so-called “Ultra Large Container Vessels” in Hapag-Lloyd’s fleet.However, this was not the first time that Hapag-Lloyd has christened a ship in Rotterdam. The most recent one was the christening of the “Rotterdam Express” in 2000.

29 Aug 2018

Aqualis Offshore, Skuld Maritime Agency Under Investigation in Scrapping Case

Photo: NGO Shipbreaking Platform

Aqualis Offshore and Norwegian Insurer Skuld Maritime Agency are under investigation for their involvement in the attempt to illegally export the Harrier to Pakistan for scrapping.NGO Shipbreaking Platform, quoting DN said that Aqualis Offshore issued two certificates for the ship – one for a break-up voyage to Pakistan, another for a voyage to Oman – and it is suspected that the latter was issued to dupe Norwegian authorities in order to circumvent the European waste export ban.Skuld…

26 Jul 2018

169 Ships Sold to South Asian Beaches for Breaking

Image: NGO Shipbreaking Platform

Of the 220 ships broken in the second quarter of 2018, 169 were sold to be scrapped on the beaches of South Asia, says NGO Shipbreaking Platform.In the second quarter of 2018, American ship owners sold the most ships to the South Asian yards with 26 vessels beached, followed by Greek and UAE owners. In the end of April, Pakistan reopened the market to the import of tankers.In two months alone, 22 tankers reached the shores of Gadani to be scrapped as devaluing freight rates have…

19 Jul 2018

First of Six New LNG Carriers Delivered to BP

(Photo: BP Shipping)

BP Shipping has taken delivery of British Partner, the first of a half dozen new 173,400 cubic meter capacity liquefied natural gas (LNG) carriers to be delivered through 2018 and 2019 from the DSME shipyard in South Korea.BP Shipping, which launched a fleet rejuvenation program in 2016 that includes 32 new vessels for delivery over a three-year period, says the six new Partnership class ships will increase its ability to transport LNG in emerging new markets, such as Pakistan, Jordan, Egypt and Bangladesh, in addition to established markets, such as India, China, the U.S.

18 Jul 2018

For the Global LNG Industry, is the FSRU Honeymoon Over?

(Photo: Höegh LNG)

A giant vessel docked at the port of Moheshkhali in Bangladesh two months ago, propelling the populous but poor nation into the fast-expanding club of liquefied natural gas (LNG) buyers.The Excellence is the latest floating storage and regasification unit (FSRU), a type of carrier that has proliferated since 2015 as many countries switch to a cleaner and increasingly cheaper fuel than oil and coal.But the young FSRU industry has been beset by more project delays than successes in the past 12 months as fluctuating energy prices…

11 Jun 2018

LNG Trade Grew 10% in 2017 -EIA

© Wojciech Wrzesien / Adobe Stock

Global liquefied natural gas (LNG) trade grew by 10 percent last year due primarily to growing liquefaction capacity in the Australia and the United States, the U.S. Energy Information Administration (EIA) said on Monday.LNG trade reached 38.2 billion cubic feet per day (bcfd) in 2017, up 3.5 bcfd from 2016 and the largest annual volume increase on record, the EIA said, citing the Annual Report on LNG trade by the International Association of Liquefied Natural Gas Importers (GIIGNL).New liquefaction export capacity commissioned in Australia…

04 Jun 2018

Oil Tanker Scrapping to Hit Multi-year High

© Evren Kalinbacak / Adobe Stock

The shipping industry will this year scrap the largest number of oil tankers in over half-a-decade, driven by weak earnings, firm prices for scrap steel and the need to prepare fleets for strict new environmental regulations.The surge in scrapping underscores how the sector is grappling with one of its worst-ever crises, hit hard after rates for transporting oil plunged to multi-year lows in the wake of excess tanker supply and tepid demand as OPEC production cuts bite."The tanker markets are definitely in a trough at the moment…

23 May 2018

Maersk Line Rolls out Exclusive Transatlantic Service

Photo: Maersk Line

Maersk Line, the world's largest shipping company, announced the expansion of its product portfolio between Europe's Mediterranean region and Canada to cater for the growing demands of importers and exporters on both sides of the Atlantic. The exclusive, fully Maersk Line-operated weekly service will be a five-vessel rotation stopping in Salerno and La Spezia (Italy), Fos-sur-Mer (France), Algeciras (Spain), Montreal and Halifax (Canada), and Valencia (Spain). Other Mediterranean…

15 May 2018

Financiers Turning the Tide on Shipbreaking Practices

© knovakov / Adobe Stock

The shipping industry has long been criticised by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand. Now, it is being called to account from a quarter that may have a bit more clout - its financial backers. Norway's $1 trillion Oil Fund, a leader in ethical investing, in February sold its stake in four firms because they scrap on the beach. Three of the firms excluded by Norway's fund - Taiwan's Evergreen Marine, Precious Shipping and Thoresen Thai Agencies (TTA) of Thailand - say they have been unfairly singled out.

10 May 2018

Scrapping Risks

© Gudellaphoto / Adobe Stock

Traditionally, when a ship reached the end of its economic life, the owner sold it, often to a cash buyer, for scrapping with little consideration of the next step. Many ships ended up on a beach in south Asia (India, Pakistan, or Bangladesh) where they were cut apart and the metal was sold for scrap. The working conditions were sometimes dangerous and hazardous to the workers’ health. In addition, little was sometimes done to protect the environment. For many ship owners these days…

04 May 2018

South Asian Shipbreaking Workers Assert Rights

Photo: NGO Shipbreaking Platform

In Chittagong, Bangladesh, on the International Labour Day of 1 May, the Platform member organisation YPSA brought together shipbreaking workers for a demonstration to claim their right for a healthy and safe workplace. OSHE, another Platform member, and YPSA also organised demonstrations on the World Day for Health at Work, on 28 April. Concerns related to especially the vulnerability of young workers in hazardous occupations such as shipbreaking were raised, and the call for safe working conditions was joined by prominent trade union representatives.

02 May 2018

Milaha Rolls Out Qatar-Iraq Direct Container Feeder Service

Photo: Qatar Navigation Q.P.S.C. (Milaha)

Qatar-based maritime transport and logistics conglomerate Milaha has announced the launch of a direct container feeder service between Qatar and Iraq. The new service, which will be an expansion of the existing Qatar-Kuwait service that the company launched last year, will follow a Hamad Port-Umm Qasr (Iraq)-Shuwaikh (Kuwait)-Hamad Port rotation, and will be initially served by one vessel with a 1,015 TEU capacity and 110 reefer plugs. The service will have a transit time of 2 days…

27 Apr 2018

206 Ships Broken in 1Q: NGO Shipbreaking Platform

© Gudellaphoto / Adobe Stock

Of the 206 ships broken in the first quarter of 2018, 152 were sold to the beaches of South Asia, according to the NGO Shipbreaking Platform.Ship owners continue to sell their ships to the beaching yards despite documented hazardous and even deadly conditions as the prices offered for ships this first quarter have been high in South Asia, especially when compared to the figures of last year. While a South Asian beaching yard can pay about $450/LDT, Turkish and Chinese yards are respectively currently paying $280/LDT and $210/LDT.

20 Mar 2018

Containerships Collide at Port of Karachi

Visible damage to containers aboard MV Tolten, which side-swiped the moored containership MV Hamburg Bay (Photo: Hassan Jan)

Authorities are working to retrieve more than 20 containers that fell into the water at Pakistan's southern port of Karachi on Monday following a collision between two containerships. Video footage posted on social media shows the Hapag-Lloyd containership MV Tolten side-swipe the moored containership MV Hamburg Bay while moving into its berth at South Asia Pakistan Terminal. Maritime security vessels were arriving on scene to assess damage and respond to the casualty, according to local reports.

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