Transportation News

15 Feb 2019

Diana Fixes Crystalia, Maera with Glencore

(L-R) m/v Crystalia and m/v Maera. Pic: Diana Shipping Inc.

Greek dry bulk owner Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia.The gross charter rate is US$10,500 per day, minus a 5% commission paid to third parties, for a period of minimum 14 months to maximum 17 months. The charter is expected to commence on February 23, 2019.The ‚ÄúCrystalia‚ÄĚ is a 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014.Additionally‚Ķ

15 Feb 2019

EIA: Azerbaijan Surges in Natural Gas

Graphics: U.S. Energy Information Administration

Azerbaijan is an important supplier of crude oil and natural gas in the Caspian Sea region, particularly to European markets, the US Energy Information Administration said in its report.The EIA’s report notes that Azerbaijan’s exports of natural gas are poised to become a more significant part of the country’s economy.Azerbaijan produced about 600 billion cubic feet (Bcf) of dry natural gas in 2017 and exported about 210 Bcf, according to EIA’s International Energy Statistics.“Azerbaijan is planning to expand its natural gas exports to Europe.

15 Feb 2019

WCI Honors Senator Duckworth

Photo: WCI

On February 12, 2019, Senator Tammy Duckworth (D-IL) received Waterways Council, Inc.'s (WCI) 18th Annual Leadership Service Award for her continual championing of ports and inland waterways. She was presented the award by Wade Beasley, Business Representative, Carpenters Local 174, Chicago Regional Council of Carpenters. WCI President & CEO Mike Toohey said, “Senator Duckworth is an American hero, and a stalwart advocate for the inland waterways in her state of Illinois, and throughout the United States.

15 Feb 2019

Saudi Aramco, Total in USD1bln Pact

Group photo of Saudi Aramco management and Total management

Saudi Aramco and Total hasve signed a joint venture agreement to develop a network of fuel and retail services in Saudi Arabia.The 50:50 JV plans to invest around $1 billion over the next six years in the Saudi fuel retail market and start providing motorists with premium fuels and retail services in the Guf kingdom.“This is a major milestone which will help establish a quality retail fuel network in the Kingdom. We look forward to working together with our long-term partner Total and draw on their extensive experience in the retail fuel market…

13 Feb 2019

Oceanic Breeze Brings LNG to Japan

LNG carrier Oceanic Breeze delivers Ichthys LNG cargo to Naoetsu LNG Terminal. Image: INPEX Corporation

Japanese energy company INPEX Corporation announced that the LNG Tanker Oceanic Breeze called for the first time at INPEX’s Naoetsu LNG Terminal located in Joetsu City, Niigata Prefecture, Japan.The tanker has delivered a cargo of liquefied natural gas (LNG) from the INPEX-operated Ichthys LNG project in Australia.Oceanic Breeze is owned by Oceanic Breeze LNG Transport S. A. (OBLT), a joint venture between INPEX Shipping Co., Ltd. (INPEX Shipping) (30%) and Kawasaki Kisen Kaisha Ltd.

12 Feb 2019

INPEX Selects NAPA for LNG Carrier Fleet

Image: NAPA

Japan's largest oil and gas exploration and production company INPEX Corporation has installed ClassNK-NAPA GREEN for monitoring operations on three of its liquefied natural gas (LNG) carriers.NAPA said that Inpex awarded a deal to the company for the provision of a solution for monitoring and follow-up of ship operations on two LNG carriers built to service the Ichthys project and one LNG carrier for Shell’s Prelude FLNG project.With the core motivation of accurately verifying the technical performance of these highly complex carriers…

12 Feb 2019

ALE Completes FPSO Works in Singapore

Pic: ALE

Transportation and lifting services company ALE Heavylift has completed the transportation, lifting and installation of eight modules, weighing up to 1,820 tonnes, for an Floating Production Storage and Offloading (FPSO) construction project in Singapore.ALE was tasked with transporting, lifting and installing eight modules, weighing up to 1,820t, onto an FPSO for the Liza Destiny FPSO project, said a press release from the UK-based company specialising in heavy transport and lifting…

12 Feb 2019

Porthos CCUS Project Getting Ready

Image: Port of Rotterdam

Port of Rotterdam Authority, Dutch natural gas infrastructure and transportation company  Gasunie and Energie Beheer Nederland (EBN) are preparing a CCUS (Carbon Capture Usage and Storage) project, in which CO‚āā from industry will be transported to storage sites in depleted gas fields deep beneath the North Sea seabed.The three companies are working together on the preparation of this project under the name Porthos: Port of Rotterdam CO‚āā Transport Hub & Offshore Storage.The Porthos‚Ķ

12 Feb 2019

New Maritime Connectivity Platform Launched

Image: Maritime Connectivity Platform

The Maritime Connectivity Platform Consortium has been established and a Platform launched last Friday during the conference e-Navigation Underway 2019.The Maritime Connectivity Platform (MCP) is an open source technology a digital maritime domain. It brings common internet standards to maritime navigation and transportation systems.MCP enables infrastructures for efficient, secure, reliable and seamless electronic information exchange among maritime stakeholders using available communication systems.

11 Feb 2019

Marine Lube Market: $5.9B by 2024

Image: Mobil

Marine lubricants market, which was above $4 billion in 2016, is expected to surpass consumption of 3.5 million tons, to exceed $5.9 billion by 2024.Asia Pacific marine lubricants market will record an annual growth rate of 4% over the 2016-2023, according to a new research report by Global Market Insights.Surging development in marine infrastructure across this region will augment the product demand. China, Japan, and South Korea are the prominent revenue contributors of the APAC region.

11 Feb 2019

Ruhl Named CEO of Algoma

Gregg Ruhl, President and Chief Executive Officer. Photo: Algoma Central Corporation

Ken Bloch Sørensen has stepped down as president and  CEO of Canadian shipowner Algoma Central Corporation after leading the company for four years. Gregg A. Ruhl, the current Chief Operating Officer, has been named President and Chief Executive Officer and will assume that role immediately.Soerensen is said to want to spend more time with his family in Europe. He joined Algoma in April 2015 and was charged with redefining the strategic focus of the Company to include growth markets beyond North America.

10 Feb 2019

World's First: Wartsila Intros Hybrid Retrofit

Image caption: An impression of how the ‚ÄėHagland Captain‚Äô will look after the retrofit of a W√§rtsil√§ hybrid propulsion solution. The conversion will create fuel savings and environmentally sustainable operations. Image copyright: Hagland Shipping AS.

The Finnish technology group Wärtsilä has signed an agreement with the international shipping company Hagland Shipping AS for a hybrid retrofit installation.The project will take place onboard the ‚ÄėHagland Captain‚Äô, a general cargo vessel owned by Hagland Shipping. It will be the first project of its kind ever in short-sea shipping applications. The agreement was signed in December 2018.The installation of a Wärtsilä battery hybrid propulsion solution will significantly enhance the ship‚Äôs environmental performance by reducing its emissions, fuel consumption, and noise.

07 Feb 2019

St Petersburg Port Cargo Handling Up by 12%

Image: Sea Port of Saint-Petersburg

Sea Port of Saint-Petersburg (CTSP), a company of UCL Port, stevedoring division of the international transportation group UCL Holding, handled 7.7 million tonnes of cargo showing a 12-pct increase versus the result of 2017.The increase of cargo traffic is attributed the development of yards dedicated for transshipment of cast iron, metal scrap, ore, mineral fertilizers and containers, said a release from the operator providing dry cargo transshipment in Saint-Petersburg port…

08 Feb 2019

Milaha Ups Stake in Nakilat

Image: Nakilat

Qatar-based maritime transport and logistics company  Qatar Navigation (Milaha) has increased the company‚Äôs stake in compatriot liquefied natural gas (LNG) shipping giant Nakilat.Qatar Shipping Company, a subsidiary of Milaha, has entered into an agreement for acquiring the entire stake of Qatar Investment Authority in Qatar Gas Transport Company Ltd (Nakilat) representing 5.9% of Nakilat‚Äôs share capital.The Sale and Purchase Agreement was conditional on obtaining the consent‚Ķ

07 Feb 2019

Boskalis Wins LNG Modules Contract

Pic: Royal Boskalis Westminster N.V.

Dutch dredging and heavylift company Royal Boskalis Westminster has been awarded a contract for the transportation of a large number of modules for a North American LNG export facility.The contract value amounts to approximately USD 55 million with additional options for extensions, worth up to USD 30 million, a press release said.The scope of work includes the logistical management and transportation of various large modules from a fabrication yard in China to the facility in North America.

06 Feb 2019

HHLA Support Energy Transition

HHLA makes substantial contribution to the energy transition. Pic: Hamburger Hafen und Logistik AG (HHLA)

German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) and its partners began research and development work on the publicly funded FRESH  project at its Container Terminal Altenwerder (CTA).FRESH stands for flexibility management and control reserve provision of heavy goods vehicles in the harbour, said the firm which operates three container terminals at the Port of Hamburg: Altenwerder, Burchardkai and Tollerort, as well as cargo handling and transport services by rail‚Ķ

06 Feb 2019

DOT Chief Chao Echos President's Call for Infrastructure

U.S. Secretary of Transportation Elaine L. Chao

The Statement of U.S. Secretary of Transportation Elaine L. Chao issued the following statement regarding the President’s State of the Union Address. “Tonight the President issued a bipartisan call to repair and restore America’s aging infrastructure. Over the last two years, due to the President’s policies, our economy has generated historic levels of economic and job growth for Americans and widespread private sector investment. This success is enabled by America’s transportation sector, but aging and insufficient infrastructure threatens to impede future growth.

06 Feb 2019

Titan LNG, Fluxys to Build FlexFueler 002

Image: Fluxys

Belgium-based natural gas transmission system operator Fluxys and Netherlands-based Titan LNG have joined forces to build the FlexFueler 002, a bunkering pontoon to make liquefied natural gas (LNG) more widely available as shipping fuel in the Antwerp port and region.Shipyard Kooiman, Zwijndrecht, The Netherlands, was contracted to build the FlexFueler 002. The pontoon, which is scheduled to be commissioned by mid-2020, will measure 76.4 x 11.45 m and is equipped with four vacuum insulated type C cargo tanks of 370 cu. m. each, to carry liquid LNG.

05 Feb 2019

Global LPG Prices Decline: Dorian LPG

Pic: Dorian LPG

The biggest market change in the fourth calendar quarter of 2018, was the decline in crude oil prices, with Brent falling from a monthly average of nearly $82/barrel in October, finishing the year below $51 per barrel. As a result, global  liquefied petroleum gas (LPG)prices followed the downward trend.Dorian LPG, the Stamford-based owner and operator of 22 very-large gas carriers, said that without the additional LPG cargoes out of Marcus Hook from Mariner East 2, which started operations in January 2019, U.S.

04 Feb 2019

US' Largest Mobile Harbour Crane at Port Canaveral

Liebherr LHM 600 mobile harbor crane arrives at Port Canaveral aboard the cargo vessel Happy Dover. (Photo: Canaveral Port Authority)

Port Canaveral has taken the delivery of mobile harbor crane - 270-foot-tall Liebherr LHM 600 - the largest of its kind in the US.The huge LHM 600 crane arrived at the port on January 18, 2018 aboard the ‚ÄúHappy Dover‚ÄĚ, a heavy load carrier and  will be operational in the second quarter of 2019. It joins two 270-foot-tall ship-to-shore cranes in service at the port since 2014.The Canaveral Port Authority purchased the mobile harbor crane to accommodate the Port‚Äôs growing diverse cargo throughput‚Ķ

04 Feb 2019

Container Market Grows at 8.6%

Pic: CXIC Group

The Global International Orginization for Standardization (ISO) Shipping Container Market is growing at a CAGR of 8.6% during 2017-2026, said a report.According to Stratistics MRC, growth of seaborne trade, growing demand for commodities and rising industrial expansion in China are the key driving factors for the market growth.However, factors such as the effect on the environment and fluctuating raw material prices are hindering the market growth, the market research report said.ISO container is any type of shipping container which is designed…

03 Feb 2019

APM Mulls Greenfield Terminal in Bangkok

(left to righ) Mrs. Sauwakun Karuchit, CEO Sahathai Terminal PCL., Mr. Krisda Monthienvichienchai, Vice Chairman of The Executive Committee of Mitr Phol Sugar Corporation Ltd., Mr. Wichit Rattanasirivilai, Chairman of Executive Committee of Sahathai Terminal PCL, Mr. Maerten Johan J. Degryse, Mr. Verajet Vongkusolkit, CEO of Mitr Phol Sugar Corporation Ltd. Photo: APM Terminals

The Hague-headquartered international container terminal operating company APM Terminals has signed a memorandum of understanding with Sahathai Terminal PLC (PORT) and Mitr Phol Sugar to develop a 345,000 TEU capacity greenfield container terminal in Bangkok, Thailand.According to a press release,  Bangkok River Terminal Limited (BRT) will accommodate Thailand‚Äôs rapidly-growing containerized import and export trade.Sahathai Terminal PLC (PORT), Thailand‚Äôs leading container terminal‚Ķ

31 Jan 2019

Norden Gets Sembcorp Contract

 Pic: DS Norden

Danish shipping company Dampskibsselskabet Norden has signed a ten-year Panamax contract of affreightment (COA) with Indian utility firm Sembcorp Energy India.Commencing April 1, Norden will carry out the transportation of steam coal in panamaxes totalling 12 million tonnes over the ten-year period  from Indonesia and South Africa to the port of Krishnapatnam in East Coast India.The voyages will be carried out on both Norden owned and chartered vessels.Norden pointed out in a press release that demand for energy in India is on the rise in line with the country‚Äôs economic expansion.

Maritime Reporter Magazine Cover Feb 2019 - Ferry Builders

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