Diana Fixes Crystalia, Maera with Glencore
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 “Crystalia” is a 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014.Additionally…
EIA: Azerbaijan Surges in Natural Gas
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.
WCI Honors Senator Duckworth
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.
Saudi Aramco, Total in USD1bln Pact
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…
Oceanic Breeze Brings LNG to Japan
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.
INPEX Selects NAPA for LNG Carrier Fleet
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…
ALE Completes FPSO Works in Singapore
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…
Porthos CCUS Project Getting Ready
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 CO₂ 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 CO₂ Transport Hub & Offshore Storage.The Porthos…
New Maritime Connectivity Platform Launched
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.
Marine Lube Market: $5.9B by 2024
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.
Ruhl Named CEO of Algoma
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.
World's First: Wartsila Intros Hybrid Retrofit
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 ‘Hagland Captain’, 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’s environmental performance by reducing its emissions, fuel consumption, and noise.
St Petersburg Port Cargo Handling Up by 12%
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…
Milaha Ups Stake in Nakilat
Qatar-based maritime transport and logistics company Qatar Navigation (Milaha) has increased the company’s 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’s share capital.The Sale and Purchase Agreement was conditional on obtaining the consent…
Boskalis Wins LNG Modules Contract
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.
HHLA Support Energy Transition
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…
DOT Chief Chao Echos President's Call for Infrastructure
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.
Titan LNG, Fluxys to Build FlexFueler 002
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.
Global LPG Prices Decline: 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.
US' Largest Mobile Harbour Crane at Port Canaveral
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 “Happy Dover”, 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’s growing diverse cargo throughput…
Container Market Grows at 8.6%
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…
APM Mulls Greenfield Terminal in Bangkok
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’s rapidly-growing containerized import and export trade.Sahathai Terminal PLC (PORT), Thailand’s leading container terminal…
Norden Gets Sembcorp Contract
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’s economic expansion.