DFDS Boosts Position With Takeover
DFDS's $286 million acquisition of DanTransport is designed to make it the region's second-largest transport company.
MOL, Gulf LPG Transport Start VLGC Pool
Mitsui O.S.K. Lines, Ltd. (MOL) announced on Jan. 27, the formation of a very large gas carrier (VLGC) pool called LPG Global Transport, along with Gulf LPG Transport Company W.L.L. of Qatar (Gulf LPG). The pool will begin operations immediately. Gulf LPG Transport Company W.L.L. is a limited liability joint venture company established by Qatar Gas Transport Company (Nakilat) and Qatar Shipping Company. MOL and Gulf LPG have jointly incorporated LPG Global Transport Management Inc. to manage the pool’s business operations.
Bowhead, Crowley Announce Joint Arctic Venture
Bowhead Transport Company, LLC, and Crowley Marine Services, Inc., announced the formation of a joint venture to provide marine services in Alaska’s Arctic. The new Alaska-based joint venture will operate under the name UIC Bowhead-Crowley, LLC. Bowhead Transport is a wholly-owned subsidiary of Ukpeaġvik Iñupiat Corporation (UIC), the Alaska Native Village Corporation of Barrow, Alaska. Both companies have longstanding histories of providing services in the Arctic with Bowhead Transport Company providing common carriage service for 30 years to the coastal communities of Alaska and Crowley providing marine transportation, energy support and petroleum distribution services for over 60 years throughout the state.
RasGas Names Eighth LNG Ship
RasGas has named its eighth LNG ship Simaisma at a ceremony held at the Daewoo Shipbuilding and Marine Engineering Company, South Korea. RasGas has a long-term charter agreement with the Maran Gas Maritime Inc and Qatar Gas Transport Company, which owns the vessel. Under the terms of the time charter agreement, RasGas will charter the ship for a firm period of 20 years to deliver LNG from its existing and future facilities at Ras Laffan Industrial City (RLC) to its growing portfolio of customers around the world. Simaisma is the second vessel to be delivered from the shipyard to the Maran Gas Maritime Inc and Qatar Gas Transport Company consortium. It is slated for delivery from the shipyard on September 1. Source: Business Reporter
Albwardy Awarded Tug Contract
Nakilat-SvitzerWijsmuller (the joint venture company set-up by SvitzerWijsmuller and Qatar Gas Transport Company - Nakilat), has awarded UAE's Albwardy Marine Engineering a contract to build five tugboats. A keel-laying ceremony for the building of the five boats was held at the Dubai Ship Dockyard in Al Jaddaf. Source: AMEinfo
Morocco Sells State Maritime Company to French Firm
According to reports, Moroccan government and public institutions Monday sold their stake in the state-run maritime transport company Comanov to French firm CMA-CGM for $269m. The sell-off, part of a privatization plan, will see Comanov, set up in 1946, fall into the hands of France's largest container shipping company. Source: Middle East Times
Sea Containers Posts Loss
Marine transport company Sea Containers Ltd. posted a fourth-quarter loss, versus a profit a year earlier, citing a bigger fuel bill and a drop in demand for container rentals. The company posted a net loss of $15.8 million, or 85 cents per share, compared with a profit of $8.0 million, or 43 cents per share, a year earlier. Shares of Sea Containers closed on Tuesday at $19.90 on the New York stock Exchange, above a 52-week low of $18.50 and off a year high of $29.69. - (Reuters)
Kursiu Linija Sells Eimskip Share
Kursiu Linija sold a further 20-percent share of its equity to Icelandic transport company Eimskip. The move gives Kursiu Linija additional financial power and paves the way for expansion plans. Following the increase in Eimskip’s stake, Kursiu Linija will be run by a four-man board consisting of Bragi Thor Marinosson, Bjorn Einarsson, Stefan August Magnusson and Kursiu Linija founder and former managing director Arijus Ramonas. Ramonas has been elected chairman of the board, and the board has appointed Thorkell Palsson as managing director.
LNG Tanker Al-Ghuwairiya Berths at Ras Laffan
According to a report from AmeInfo.com, a significant milestone was reached on 21st June 2011 when the LNG tanker "Al-Ghuwairiya" berthed at Ras Laffan to load her LNG cargo bound for Canaport, Canada. The Qatargas chartered vessel is one of the new generation Q-Max LNG tanker able to load a full LNG cargo of 260,000 cubic meters. The vessel is owned by the Qatar Gas Transport Company (Nakilat). Source: AmeInfo.com
Swedish Port Stoppage Only Lasted 45-Minutes
Road haulage and port workers in Sweden secured a new three year contract after staging short-term industrial action. Members of the Swedish Transport Workers’ Union (STWU) walked out at noon on Wednesday following the breakdown of negotiations with the Swedish Road Transport Employers Association (SRTEA). But a short time later the strike was called off after the employer agreed to a new contract, one of the stipulations of which is a three step wage increase. ITF acting general secretary Stephen Cotton said: “The wage increase is great, but more importantly than that this new contract is also a big step forward in terms of the job security of STWU workers. This marks significant progress in an area where for a long time there has been no movement whatsoever from transport companies.
Daewoo Gets 690m Qatar LNG Order
According to reports, Daewoo Shipbuilding & Marine Engineering Co has secured an order worth 690m from Qatar Gas Transport Company to build three liquefied natural gas carriers. The vessels will be delivered by April 2009. The shipbuilder plans to boost its annual production capacity of LNG carriers to 15 from eight ships now by 2008. Source: Forbes
TECO Unveils New Subsidiary Identities
Based in Tampa, Florida, this business handles all of TECO Transport's global blue water transportation activities. It is the largest dry bulk ocean transport company operating under the U.S. flag; and TECO Bulk Terminal (formerly Electro-Coal Transfer). Based in Davant, La., this terminal and storage transfer operation handles bulk commodities at the mouth of the Mississippi River, including coal, petroleum coke, phosphate and iron ore. TECO Transport President Jeff Rankin said that because of its diversity of subsidiaries, TECO Transport is the only U.S. company capable of moving bulk products from source to point-of-use.
UYT Commits to Build World's Largest Yacht Carrier
United Yacht Transport LLC, a Fort Lauderdale based yacht transport company, says it has committed to building a semi-submersible vessel scheduled for delivery in the second tax quarter of 2015. United Yacht believes that the conversion of a Panamax size bulk vessel will produce the world’s largest yacht transport vessel with a cargo capacity exceeding 40,000 dwt. The completed dimensions of this vessel will be 229.00m x 46.00m (755’ x 151’), allowing for passage in the newly widened Panama Canal.
Eimskip Purchases Container Ship
Iceland’s largest transport company Eimskip has purchased a containership for use on its European routes from Danish shipping company KiL Shipping A/S for more than $10 million, company officials said. Hf Eimskipafelag Islands said in a statement it was paying 890 million Iceland crowns ($10.4 million) for the vessel from KiL, which is being acquired by Norway’s privately held shipping group Tschudi & Eitzen. The ship, to be delivered to Eimskip in Rotterdam in late April, will carry an Icelandic crew and sail on Eimskip’s South Route, linking ports Icelandic ports, Immingham in northern England, and Rotterdam. The ship has a dead weight of 8,675 tons and is 126 meters long.
Shell to Manage Nakilat’s LNG Fleet
Qatar Gas Transport Company Ltd (Nakilat) has appointed Shell International Trading and Shipping Company Limited (Shell) to manage its fleet of at least 27 new LNG carriers in a 25-year deal. Under this arrangement it is expected that Operational Management will be transferred to Nakilat within 12 years. The agreement will involve Shell providing a range of shipping services to Nakilat including ship management as well as the transfer of know how and expertise to allow Nakilat to develop its own LNG Ship Management Company in Qatar, a news release said. This new fleet of LNG vessels, currently under construction, will be put into service over the next four years to transport product from four of Qatar's major LNG projects: Qatargas II (Train 5)…
Nakilat Chooses Shell to Manage LNG Fleet
Qatar Gas Transport Company (Nakilat) has appointed Shell International Trading and Shipping Company Limited to manage its fleet of 27 new liquefied natural gas carriers in a 25-year deal, according to a report on www.gulfnews.com. Under the arrangement it is expected that operational management will be transferred to Nakilat within 12 years, the report said. Shell will provide a range of shipping services to Nakilat including ship management as well as the transfer of know-how and expertise to allow Nakilat to develop its own LNG ship management company in Qatar. This new fleet of LNG vessels, currently under construction, will be put into service over the next four years to transport gas from four of Qatar's major LNG projects: Qatargas II Qatargas 3 and…
QGTC Awarded Charters for Six LNG Carriers
Qatar Gas Transport Company Ltd. (Nakilat) announced that it has been awarded 25 year time charters by Qatar Liquefied Gas Company Limited (II), (QGII) for six 'QMax' LNG carriers of approximately 265,000 cubic meters carrying capacity each. These will be the largest LNG carriers ever constructed. According to AME Info, the ships will be ordered from Korean shipyards Daewoo Shipbuilding and Marine Engineering and Samsung Heavy Industries. QGII intends to use the vessels to transport LNG from its train numbers 4 and 5, which will each have a production of 7.8 million tons/year. The vessels- once delivered from the shipyards- will be placed on long term charter to QGII beginning mid-2008, and their delivered cost will be approximately $300 million each.
Kursiu Linija Joins Forces with Eimskip
Kursiu Linija has sold a fifty percent share of its equity to Icelandic transport company Eimskip. The deal gives Kursiu Linija resources to continue its growth and develop new intra European services, and continues Eimskip’s strategy of becoming a transport leader, offering total services in the North Atlantic through a network linking key ports in Europe. Lithuania-based K ursiu Linija has an expected turnover of approximately $76.6m in 2006 compared to $58.8m in 2005. The company is expected to show profits for 2006. Kursiu Linija will continue to be managed by the current management, including Arijus Ramonas, managing director of the company.
Libya Acquires New Tankers
Libya Wednesday took delivery of three new oil tankers at its port hosting the Refining Company in Zaouia, as part of ceremonies marking the 37th anniversary of the country`s September 1969 Revolution. Baghdadi Mahmoudi, Secretary of the Libyan People`s General Committee took delivery of the three tankers - Ibn Batouta, Gardhabia and Intissar - new additions to the Libyan Maritime Transport Company`s fleet. The tankers built in South Korea by Samaho Hundai, one of the largest ship builders in the world, under supervision by Lloyd`s of Britain, cost US$165 million each, according to industry sources. They are equipped to carry three types of crude oil, and each could unload 3,000 cubic metres of crude per hour.
Wikborg Rein Recruits LNG Specialist
International law firm Wikborg Rein has recruited Joe McGladdery as a partner in its London office. McGladdery joins from Qatar Gas Transport Company Limited (Nakilat) where he acted as the company's General Counsel and as a board member for a number of its subsidiary companies and joint ventures. He was responsible for developing Nakilat’s legal and insurance department and formed part of the senior management team which oversaw the expansion of the company into the world’s leading operator of LNG ships.
Palfinger Sells Two Cranes to Kirby
With the support of Donovan Marine, Palfinger Marine crane dealer for the Gulf of Mexico, two Palfinger PK 11001 MC foldable knuckle cranes were delivered to Signal International in Orange, Texas to be installed on two newly constructed 126ft ATB tugs for Kirby Ocean Transport Company. The cranes will be used for launching a small work skiff into the water and general maintenance as well as store stores handling. The tugs are designed to couple with coal barges for transporting coal from Louisiana to a power station in Florida.
An Argentinian Shipbuilding Revival
According to a blog on the Bulletin Panama (http://thebulletinpanama.com), there is a boatbuilding revival happening in Argentina. The plant, near the city of Rosario, on the Rio de la Plata, is equipped with the latest naval processes using national steel for the construction of boats. The story reports that to date, 21 double-hulled tank barges of 3,000 cubic meters capacity have been delivered and another 21 of 2,500 tons each, for the transport of bulk and dry cargoes. The latest delivery was for the reported to be for the Ultrapetrol group…
Rolls-Royce to Supply Propulsion for Battery-Powered Ferry
Rolls-Royce has signed a contract for the delivery of its Azipull propulsion and control system for the "ferry of the future," a new vessel which will operate on battery power alone. The vessel is being built at the Fjellstrand yard in Norway, and once in service will be operated by Norwegian transport company Norled between Lavik and Oppedal. In 2010, the Norwegian Ministry of Transport announced a tender to develop a new ferry that was 15-20% more energy efficient than existing vessels.