Marine Link
Thursday, October 18, 2018

Suez News

Saudi Arabia Halts Red Sea Oil Exports after Tanker Attacks

© Lasse Pape / MarineTraffic.com

Saudi Arabia said on Thursday it was suspending oil shipments through a strategic Red Sea lane after Yemen's Iran-aligned rebels attacked two tankers in the waterway, underscoring the risk of an escalation in tensions in the region.Brent crude futures rose 59 cents to $74.52 a barrel by 1008 GMT, extending their rally into a third day but falling from a 10-day high in earlier trading.Saudi Arabia and arch-foe Iran have been locked in a three-year proxy war in Yemen, which lies on one side of the Bab al-Mandeb strait at the southern mouth of the sea…

Photo of the Week: Maple Lotta

Heavy lift vessel Maple Lotta  with cargo at open sea. © Herbert Boettcher 2018

Heavy lift vessel Maple Lotta  with cargo at open sea.Herbert Boettcher worked out the photo on a heavy lift vessel during his trip through Europe, the Asian part of Turkey and his passing the Suez Canal. He flew back home from Egypt. Today, this vessel sails with the Name Maple Lotta. Boettcher started with his worldwide long-time project Seamotion in 2004. Boettcher is a German professional photographer working worldwide for shipping companies to create photos of merchant ships with his unique visual language.

Saudi Arabia Resumes Oil Exports through Red Sea Lane

© Anatoly Menzhiliy / Adobe Stock

Top oil exporter Saudi Arabia said on Saturday it has resumed all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb.Saudi Arabia halted temporarily oil shipments through the lane on July 25 after attacks on two oil tankers by Yemen's Iran-aligned Houthi movement.A statement by the Energy Ministry said shipments had resumed on Saturday."The decision to resume oil shipment through the strait of Bab al-Mandeb was made after the leadership of the coalition has taken necessary measures to protect the coalition states' ships…

Suez Canal Revenues Jump in August

© Carabay / Adobe Stock

Egypt’s Suez Canal revenues rose to $502.2 million in August up 6.7 percent from the same period last year, the cabinet said in a statement on Wednesday.The canal is the fastest shipping route between Europe and Asia and one of the government’s main sources of foreign currency.(Reporting by Yusri Mohamed, writing Amina Ismail; Editing by Toby Chopra)

Disabled Freighter Towed into New York Harbor

Photo by Petty Officer 3rd Class Steven Strohmaier

The U.S. Coast Guard coordinated the tow of a disabled 611-foot freighter into the port of New York and New Jersey after it lost propulsion over 100 miles offshore in the Atlantic Ocean on Tuesday, August 21.At around 9 p.m. on Tuesday, watchstanders at Coast Guard Sector New York received a report that the Panama-flagged bulk carrier GDF Suez North Sea with 21 crew aboard, was disabled. The Coast Guard monitored the situation over the following days as the crew attempted to repair the propulsion system.By Thursday night…

Seaborne LPG Trade Rebounds: Dorian LPG

Photo:  Dorian LPG Ltd

Seaborne LPG trade rebounded in the second calendar quarter of 2018 thanks to heavy lifting schedules in the Middle East and the United States, as well as an improvement in arbitrage economics towards the end of the three-month period, said Dorian LPG.After a lackluster first calendar quarter of 2018, exports from the United States peaked at approximately 2.7 million metric tons in May 2018, and total U.S. exports for the first half of 2018 were 4% higher as compared to the same…

BorWin Gamma Platform Sails Away

Image: Petrofac

The offshore converter platform, BorWin gamma, has now safely set sail from Dubai and begun its journey to  its offshore site in the German part of the North Sea.Through the Gulf of Oman, the 18,000 ton ‘topside’ will pass into the Red Sea before going through the Suez Canal onto the Mediterranean and past Gibraltar. The journey then moves through the Bay of Biscay, to the English Channel and into the North Sea where it will be integrated with the ‘jacket’ nearly 130 kilometres off the German coast.Along with BorWin3…

CMA CGM Celebrates 40 Years of Entrepreneurialship

Photo by CMA CGM

40 years ago, on September 13th, 1978, Jacques R. Saadé launched the first maritime line between Marseilles and Beirut, with only one ship and 4 employees. The day marked the beginning of an extraordinary humane and entrepreneurial adventure, said a press release.According to the statement, 40 years later, CMA CGM has become a recognized world leader, with 34,000 employees and a presence in more than 160 countries. History: It is amid the Lebanese war that Jacques R. Saadé decided to settle in Marseilles to protect his family.

SMIT Salvage Bags US Navy Contracts

SMIT Salvage has acquired two five-year marine salvage contracts to serve as the exclusive marine salvage and engineering support contractor for the Naval Sea Systems Command (NAVSEA), the division of the U.S. Navy responsible for engineering, building, buying and maintaining Navy ships and submarines.The Royal Boskalis Westminster N.V. subsidiary will provide the U.S. Navy with marine salvage, salvage-related towing, ocean engineering and towage services in the event of an emergency or incident in two of the three geographic zones in the world as defined by the U.S. Navy.SMIT Salvage held a contract for one zone covering the area between the Suez Canal and the international date line for a number of periods totaling more than 30 years, which it was able to renew.

China Constructs New Terminal in Suez Canal

Photo:  Suez Canal Authority

China Harbour Engineering Company (CHEC) began the main phase of the construction of a new terminal basin in Sokhna Port south of the Suez Canal northeast of Egypt, said he state media Xinhua.According to the report, the project was assigned to CHEC by the Sokhna branch of the Emirati corporation DP World, the main investor and container operator in the port located at the Gulf of Suez.CHEC sources said it will deliver the "Basin 2" project in fewer than 12 months ahead of the deadline.The report quoted Chen Shuang…

Saudi Oil Tanker Attacked Off Yemen Coast

© Anatoly Menzhiliy / Adobe Stock

Yemen's Houthis attacked a Saudi oil tanker in the Red Sea, causing slight damage, an Arab coalition said on Wednesday, after the Houthis reported targeting a Saudi warship in the area.Saudi Arabia and its coalition of Sunni Muslim allies have been fighting in Yemen for three years against the Iran-aligned Houthis, who control much of north Yemen, including the capital, Sanaa, and drove a Saudi-backed government into exile in 2014.One of the coalition's main justifications for its intervention is to protect shipping routes such as the Red Sea…

ONE Accepts Delivery of 14,000 TEU Box Ship

ONE accepted delivery of One Minato on July 24 in Hiroshima, Japan (Photo: ONE)

Singapore headquartered container carrier Ocean Network Express Pte. Ltd. (ONE) has taken delivery of a new 14,000 TEU-class containership from Japanese shipbuilder Imabari Shipbuilding Co., Ltd, on July 24, 2018.The new ultra-large containership, One Minato, was built at Imabari’s Hiroshima yard and joins the ONE fleet under sublet from Kawasaki Kisen Kaisha, Ltd.

Singapore Bunkering Hub Ready for IMO 2020

© anekoho / Asdobe Stock

Singapore authorities are taking measures to ensure the availability of low-sulphur marine fuels ahead of upcoming emissions regulations in 2020, Singapore's Senior Minister of State for Transport and Health Lam Pin Min said on Wednesday."(The) MPA is working closely with the industry to ensure that Singapore is ready to supply low-sulphur compliant fuels ahead of 1 January, 2020," said Lam at the Singapore International Bunkering Conference and Exhibition.The Maritime and Port Authority of Singapore (MPA) will make available a list of licensed bunker suppliers of low-sulphur fuels by mid-2019

ZIM Upgrades India-Med Express Line (IMX)

File Photo: ZIM Integrated Shipping Services Ltd

ZIM Integrated Shipping Services (ZIM) has announced that starting September, ZIM India-Med Express Line (IMX) will have a new rotation, with significantly faster transit time, making the fastest on the trade.A press release from the company claimed that ZIM Customers will benefit from fast transit time and improved port rotationIt said: "In order to improve our service to customers and cater for market needs, ZIM will introduce changes to IMX service, as follows: the line will operate 5 vessels, and the round-trip will be shortened to 35 days.

Yamal LNG Exports Accelerate in Time for Winter

(File photo: Sovcomflot Group)

Liquefied natural gas exports from Novatek's Yamal terminal in the Arctic have come on stream faster than expected over the summer and exceeded volumes from Russia's only other LNG facility, Sakhalin, for the first time in August.The pace of commissioning the multi-billion dollar project has surprised a market used to chronic delays. Additional volumes from the start of another facility should now come in time for the northern hemisphere winter, a time of price spikes.Novatek said earlier this week it had begun commissioning the third train…

Middle East Oil & Gas Shipping Routes are at Risk

© Igor Groshev / Adobe Stock

Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea after Yemen's Iran-aligned Houthis attacked two crude tankers, underscoring risks caused by the conflict in the world's top oil exporting region.Iran, in its row with the United States over sanctions, has also threatened to block the Strait of Hormuz, the other major strategic shipping route for oil from the region and the main route for Iranian crude exports.Below are facts about region's shipping routes:Bab al-MandebAny move to block the Bab al-Mandeb…

ZIM Improves its Cross-Atlantic Services

Image: ZIM Integrated Shipping Services Ltd.

ZIM Integrated Shipping Services (ZIM) has announced changes and improvements of the services between the Mediterranean and the US East Coast & Canada, ZCA and ZCI.The upgrades are planned to start in December (subject to regulatory approval), as follows:ZIM’s flagship ZIM Container Service Atlantic (ZCA), connecting main Mediterranean ports, US East Coast & Canada, will have the following rotation: Mersin – Ashdod – Haifa – Aliaga – Piraeus – Livorno – Barcelona - Valencia – Halifax – New York –  Norfolk – Savannah – Valencia – Tarragona – Mersin ZIM Container Service Italy (ZCI), in cooperat

ZIM-MSC Connecting India and East Mediterranean Ports

File Photo: ZIM Integrated Shipping Services Ltd

ZIM Integrated Shipping Services (ZIM) and MSC Mediterranean Shipping Company have announced a new cooperation on the India sub-continent – Mediterranean trade. The new cooperation is due to commence on the second half of October, connecting India and major East Mediterranean ports. A press statement from the company said: "We are pleased to announce a new cooperation, offering a fast and reliable connection between the sub-continent and the Mediterranean."Rani Ben-Yehuda, ZIM’s EVP Cross Suez and Atlantic BU…

My Friend The Sea

The new book by Douglas Model is available on Amazon as a paperback or on Kindle.

My Friend the Sea is a story about growing up at sea, set against the background of ships and the beauty of the oceans. It's a tale of ambition, adversity and dealing with prejudice. Packed full of adventures and stories of traveling the world on ships, visiting far off lands, and meeting all manner of people, including eccentric distant relatives in Australia, a drunken captain, another who was a tyrant, and natives in Fiji, plus shipboard romances, a mutiny, and a growing need for the author to change the way he lives.I am a doctor…

US, Iraq, Kuwait Complete Trilateral Exercise

Photo: United States Navy

The U.S. Navy and Coast Guard completed a trilateral exercise with Iraqi navy and Kuwaiti navy partners in the Northern Arabian Gulf, August 15.The exercise focused on improving collective proficiency in maritime security tactics between the three nations and ensuring the freedom of navigation throughout the U.S. 5th Fleet area of operations. Participants included the guided-missile destroyer USS The Sullivans (DDG 68), U.S. coastal patrol ships USS Tempest (PC 2) and USS Chinook (PC 9), U.S.

Israel Warns of Military Response if Iran Closes Red Sea Strait

File Image: Adobestock © Jose Gill

Israel would deploy its military if Iran were to try to block the Bab al-Mandeb strait that links the Red Sea to the Gulf of Aden, Prime Minister Benjamin Netanyahu said on Wednesday.Last week, Saudi Arabia said it was suspending oil shipments through the strait, on the main sea route from the Middle East to Europe, after Yemen's Iran-aligned Houthis attacked two ships in the waterway.Saudi Arabia and Iran are in a three-year-old proxy war in Yemen, which lies on the eastern side of Bab al-Mandeb.Yemen's Houthis…

One Minato Shines Through Port of Yantian

The One Minato, the magenta-coloured 14,000 TEU-class containership made a successful call at the Yantian International Container Terminals. Photo: Ocean Network Express (East Asia). Ltd.

Ocean Network Express East Asia (ONE EA) has celebrated the maiden voyage of the second of a series of seven 14,000 TEU-class magenta containership of the company, ONE MINATO at Yantian International Container Terminals Limited (YICT).Sailed under the flag of Japan,  One Minato is a newly built 14,000 TEU-class containership which was delivered from Imabari Shipbuilding Co., Ltd. in Hiroshima, Japan on 24 July 2018.At 365.94 metres length and 51.2 metres width, the vessel deployed on THE Alliance’s Asia to North America East Coast trade (EC4 service)…

Maersk Sends First Containership through the Arctic

The Venta Maersk loads containers in Vladivostok, Russia ahead of its Arctic voyage (© Sergei Skriabin / MarineTraffic.com)

A Maersk vessel loaded with Russian fish and South Korean electronics will next week become the first containership to navigate an Arctic sea route that Russia hopes will become a new shipping highway.The Arctic voyage by the 3,600 20-foot container capacity Venta Maersk is the latest step in the expansion of the so-called Northern Sea Route which is becoming more accessible to ships as climate change reduces the amount of sea ice.The brand new Venta Maersk, one of the world's largest ice-class vessels…

Maritime Reporter Magazine Cover Oct 2018 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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