Abu Dhabi Ports Launches Feeder Service
Abu Dhabi Ports has established a new feeder services company, SAFEEN FEEDERS, to serve the group’s mainliner shipping clients in the Gulf region.SAFEEN FEEDERS will introduce a new feeder service linking Abu Dhabi to ports serving the UAE, the broader Gulf region and Indian Sub-Continent. The service will be executed in partnership with feeder service operator Bengal Tiger Line (BTL) through a vessel sharing agreement.The service will allow for exchange of container cargo between mainliner vessels and the vessels within the rotation calling at nine regional ports located across the UAE…
Oil rises 5% in second weekly gain on output cuts, demand hopes
Oil prices settled 5% higher on Friday in their second consecutive week of gains as U.S. producers cut production with the number of drilling rigs falling to a record low, and as more states moved ahead with plans to relax lockdowns intended to halt the coronavirus pandemic.The number of operating oil and natural gas rigs fell by 34 to an all-time low of 374 this week - reflecting data going back 80 years - as the energy industry slashes output and spending to deal with the coronavirus…
Coronavirus Disrupts Supply of Ships and Demand -BIMCO
The coronavirus outbreak has affected all aspects of the shipping industry, lowering, if not wiping out, demand growth prospects for the year across all segments. The outbreak has also affected fleet development, says shipping association BIMCO.Contracting activity has fallen, demolition activity, which had been high, is now being limited by restrictions around the world and deliveries of new vessels are delayed.“The coronavirus has certainty replaced the IMO 2020 sulphur regulation as the talking point of the year.
Outlook for India's Ship-breaking Turns Negative
The outlook for India's ship-breaking industry has turned negative amid volatile scrap prices and a falling rupee, says ICRA.The country's ship-breaking activity, while tepid during CY2019 due to subdued demand and depressed scrap prices, gathered momentum at the start of CY2020 following the implementation of the International Maritime Organization (IMO) sulphur cap regulations from January 2020. But weakness in the international shipping markets further aggravated by the coronavirus has since dampened sentiments.
Global LNG Demand to Double by 2040: Shell
Global demand for liquefied natural gas (LNG), rose by 12.5% to hit 359 million tons last year, according to Royal Dutch Shell’s annual LNG Outlook report.According to the forecast by Shell, LNG demand was expected to double by 2040 to 700 million tons, with natural gas set to play “a growing role in shaping a lower-carbon energy system.”Asia is expected to remain the dominant region in the decades to come, with South and South-east Asia generating more than half of the increased…
Coronavirus Slows China's Belt and Road Push
When President Xi Jinping made his first state visit this year to Myanmar and signed new infrastructure contracts, there was no indication of the obstacle about to trip up China's plan for railways, ports and highways around the world: the coronavirus.Travel restrictions to prevent the spread of the disease, which has now killed more than 1,800 people, have idled much of the world's second-largest economy and choked key elements of Xi's signature Belt and Road Initiative (BRI).Chinese workers cannot get to overseas projects…
Australia Becomes World's Largest LNG Exporter
Australia has become the largest liquefied natural gas (LNG) exporter in the world. The record figure knocked Qatar out of the top spot."Australia is set to become the world’s largest liquefied natural gas (LNG) exporter this year, overtaking Qatar, with its supplies expected to reach 81 million tonnes (MT) as Ichthys LNG and Prelude FLNG increase production," Rystad Energy said.Meanwhile, Qatari exports will remain at current levels, around 77 MT. The US will increase LNG exports from about 36 MT in 2019 to 56 MT in 2020, dominating new LNG supply contributions.
Partners to Expand Pakistan LNG Inport Terminal
Excelerate Energy announced it has agreed with partner Engro Elengy Terminal Ltd. (EETL) to expand the EETL liquefied natural gas (LNG) import terminal in Port Qasim, Pakistan.Under the heads of agreement (HOA), Excelerate will exchange its existing floating storage and regasification unit (FSRU) Exquisite with a newbuild FSRU, Hull 2477, which is currently under construction at South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) shipyard and due to be delivered in April 2020.
Norwegian Police Raid Teekay Office Over Waste Export
Norway's national economic crime unit raided the local office of international shipping company Teekay Offshore this week on suspicion of illegally exporting waste, the agency, known as Okokrim, said on Thursday.In recent years, courts in Europe using tougher regulations have fined shipping companies for transporting hazardous waste for disposal in cases that have added to complexities for seaborne transporters often operating in several jurisdictions.Maria Bache Dahl, acting senior public prosecutor with Okokrim…
India to Lead Asia New-Build Pipeline Growth
India is expected to lead Asia’s oil and gas new-build trunk/pipeline length additions, contributing around 53 percent of Asia’s planned and announced pipeline length additions between 2019 and 2023.According to a report from GlobalData, India is expected to have new-build pipeline length of 23,360.6 km by 2023.Varun Ette, Oil and Gas Analyst at GlobalData, said: “In India, 42 new-build pipelines are set to start operations by 2023, out of which 29 are planned and remaining 13 are from early-stage announced pipelines.
Seven Dead in Migrant Boat Sinking
Seven people died and 64 were rescued when a boat carrying migrants from Pakistan, Bangladesh and Afghanistan sank on Thursday in eastern Turkey's Lake Van, the governor's office in Bitlis province said.The boat sank after capsizing as it approached Adilcevaz district in Bitlis, which is on the northern shores of Lake Van, the office said in a statement. The accident happened at around 3 a.m. (0000 GMT).The lake is near the border with Iran, from where migrants regularly cross into Turkey, heading west towards Europe.
Asia Boosts IMO Technical Cooperation
The International Maritime Organization (IMO), Thailand’s Ministry of Transport and the United Nations Economic and Social Commission for Asia (UNESCAP) have recently organized the second regional Knowledge Partnership Workshop in Asia in Bangkok,The workshop was designed to support maritime technical cooperation activities in the region.The workshop brought together officials from transport ministries, responsible for maritime affairs, and finance ministries, responsible for official development assistance.
Maersk India Trade Report Q3 2019
India’s import and export container trade in Q3 2019 (July-September) remained flat as compared to global growth of 1.5%. The slowdown is aligned closely with the weaker domestic demand, as well as a reflection of the broad-based cyclical weakening of the economic environment in all the main global economies. The negative effects from escalating trade restrictions also weighed on trade growth in the quarter. The trade restrictions have reduced bilateral trade between the United States of America and China…
Bahri Looks to Make LNG Foray
Saudi Aramco's shipping arm Bahri has issued an expression of interest (EOI) to charter up to 12 liquefied natural gas (LNG) tankers from 2025, its first foray into the superchilled fuel, industry sources said on Monday.No further details were immediately available and Saudi Aramco declined to comment. EOIs are preliminary enquiries that may or may not turn into full-fledged orders.According to Bahri's website, the national shipping carrier of Saudi Arabia has six business units dealing in oil…
India Accedes to Ship Recycling Convention
India, one of the world's five major ship recycling countries, has acceded to the IMO Hong Kong Convention, the treaty that will set global standards for safe and environmentally-sound ship recycling.India's accession brings this important convention a significant step closer to entering into force, with the required 15 States now party to it and with India's ship recycling volume considerably contributing to the required recycling capacity.The Hong Kong Convention1 covers the design…
Spanish Rescue Ship Stranded off Italy
The leader of a Spanish rescue mission said on Sunday that Italian authorities had refused to grant port access to its Open Arms ship, leaving the vessel stranded in rough conditions in the Mediterranean with more than 70 African migrants on board.The 73 migrants were picked up from a packed rubber dinghy drifting about 50 miles off Libya on Wednesday night.Italy has allowed the ship to enter its national waters to shelter from a storm but has refused to let the vessel dock, the charity said.Open Arms Mission Chief Ricardo Gatti…
For Ship Recycling, Grieg (Goes) Green
In May 2014 National Geographic wrote an in-depth article on shipbreaking operations in Bangladesh where they listed shipbreaking as one of the deadliest professions in the world. The images from these shipyards are well circulated among professionals in the shipping industry. Individuals without personal protective equipment cutting and grinding into a ship that was haphazardly beached and torn asunder by unskilled laborers. Pollution swirl in the nearby tidal area and soot belches into the air. Large sections of ships come careening off endless rows of vessels that litter the beach.
Damen Signs with KS&EW for Another ASD Tug
Damen Shipyards Group signed a contract with Karachi Shipyard & Engineering Works (KS&EW) for the materials package of a third ASD Tug 2009 under the Damen Technical Cooperation (DTC). The order follows a contract of two ASD Tugs 2009 signed in July 2019. KS&EW are building all three vessels with Damen’s support.Construction of the first two vessels is now underway, following a steel cutting ceremony held on October 11, in Karachi. The two shipyards have been working together…
India Leads with 18% of Global LNG Regasification Capacity
India is expected to lead with 18% capacity share in the global LNG regasification industry from new-build (planned and announced) projects between 2019 and 2023, according to GlobalData, a leading data and analytics company.The company’s report, ‘H2 2019 Global Capacity and Capital Expenditure Outlook for LNG Regasification Terminals – India Continues to Dominate Global Regasification Capacity Additions and Capex Spending’, reveals that India has the highest LNG regasification…
ITF Expands into Asia Pacific
The International Transport Workers' Federation (ITF) has established its latest Contacts Network, covering Bangladesh, Cambodia, Malaysia, Myanmar, Pakistan, Papua New Guinea, the Solomon Islands and Thailand.ITF has seen a significant increase in seafarers requesting assistance from countries without an inspector or contact, in recent years.Attempting to resolve these requests is often challenging due to several factors, including the local political context and the effectiveness…
India's Ports on Alert for 'Underwater' Attacks
India's two main ports said on Thursday they had been warned by the coastguard and intelligence officials that Pakistan-trained commandos have entered Indian waters to carry out underwater attacks on port facilities.The Mundra Port, run by Adani Ports and Special Economic Zone Ltd, and the state-owned Kandla Port had asked their employees and ship operators to be vigilant, port officials and the ports said in advisories seen by Reuters.Tensions between India and Pakistan have escalated since India revoked the special status of its portion of the Himalayan region of Kashmir on Aug.
Chinese, Japanese Firms Bid for Pakistan LNG Supply Contract
A spot tender by Pakistan LNG to buy ten LNG cargoes for delivery later this year has received strong interest from several companies including Japanese and Chinese firms. JERA Global Markets, a subsidiary of the world’s largest LNG buyer JERA Co, and PetroChina International (Singapore), a division of PetroChina Co Ltd, were among nine companies that have technically qualified to supply the LNG. This is the third time this year PetroChina has technically qualified in Pakistan LNG’s tender process.
Singapore Company Fined for Illegal Scrapping Attempt
A Singapore company has paid a NOK 7 million ($763,000) fine after it was caught trying to illegally export a barge carrier vessel from Norway for scrapping on the beaches in Pakistan, Norwegian authorities said.In 2017, inspectors from the Norwegian Maritime Authority (NMA) detained the Harrier, previously named Tide Carrier, when it suffered an engine failure and started to drift outside Jæren in Rogaland. Wirana Shipping Corporation, a company which buys discarded ships and sells them to scrap yards at beaches in India and Pakistan…