CMA CGM Initiates Global Energy Coalition
Rodolphe Saadé, Chairman and Chief Executive Officer of the French container transportation and shipping company CMA CGM Group recommended that French President Emmanuel Macron initiate an international coalition for the energy transition of the transportation sector whose priority will be to develop a more competitive and less carbon-intensive energy source.Rodolphe Saadé stressed the need to improve the cooperation of all those working on near-term solutions to replace fossil fuels in the transportation and logistics sectors.The French President accepted to actively support this initiative…
Marlink ITLink for J. Lauritzen Gas Carriers
Danish shipping company J. Lauritzen has selected Marlink to deploy fully integrated and managed IT services on all Lauritzen Kosan managed gas carriers. The solution will be based on Marlink’s ITLink portfolio, with the KeepUp@Sea platform enabling automation of software and security updates, network and PC health monitoring and remote access for fast issue resolution. Once implemented, Lauritzen Kosan will benefit from a fully standardized ICT setup across its fleet, and have…
Qatar, Shell Partner on LNG Bunkering
State-owned Qatar Petroleum and the Netherlands-based oil and gas company Shell signed a shareholder agreement to establish a joint venture for global LNG bunkering services.The agreement signed by Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments B.V. paves the way for the establishment of a joint venture company owned equally by both parties, subject to customary regulatory approvals.The new company’s principal business activities will include the procurement of LNG…
Polymer Pioneer Wins Sperry Award
Thordon Bearings’ founder and polymer materials pioneer George A. (Sandy) Thomson has been awarded the global transportation sector’s most distinguished accolade, the Elmer A. Sperry Award 2019 for “Advancing the Art of Transportation”.Thomson joins a long list of Sperry Award recipients, which was established in 1955, including Donald Douglas, Ferdinand Porsche, Sir Geoffrey De Havilland, Christopher Cockerell, Leonard Hobbs, Perry Pratt, Josef Becker and Malcom McLean.“I am deeply honored and humbled to win this award…
Mitigating Maritime Risk
“The First Steps in Mitigating Contemporary Risks to our Strategic Sea Lines of Communication”It is indisputable that the world’s economy floats on seawater. It is equally indisputable that international maritime transportation is the tool that keeps the global economy moving. The world economy has surged over the last half century, and that growth has been largely driven by globalization and the consequent reduction in barriers to trade. Any operational disruptions in maritime transportation have wider consequences for society…
DP World to Build $1.2B Port in Indonesia
DP World and Indonesia’s leading conglomerate Maspion Group have signed two preliminary agreements to create a $1.2 billion container port and industrial logistics park in East Java.It is the first joint venture of its kind in the Indonesian transportation sector involving a private sector partnership between an FDI partner and a private sector Indonesian company in Maspion, within the context of cooperation in maritime services with the state-owned maritime services operator Pelindo III.
Bahri Orders First VLCCs from IMI
Bahri, the world's largest owner and operator of very large crude carriers, has signed a Memorandum of Understanding (MoU) to build its first very large crude carrier (VLCC) at the International Maritime Industries (IMI) yard in Saudi Arabia.The agreement signed with IMI and Hyundai Heavy Industries (HHI), one of the partners in IMI, sees Bahri committing the new mega-shipyard its first order before the end of July 2019.Following the placing of the order, IMI will engage HHI as a sub-contractor to build the vessel in South Korea.
Port of New Orleans Gets Hybrid Trucks
The Port of New Orleans (Port NOLA) has expanded its electric vehicle charging fleet with two energy-efficient trucks. The new trucks are part of an overall effort to reduce emissions at the multi-billion-dollar multimodal gateway for international trade."Port NOLA expanded their EV fleet with the help of the Clean Fuel Transition Fund for Public Fleets, managed by the Regional Planning Commission’s (RPC) Clean Fuel Partnership program," said a press release.The funding helped the Port offset the costs of two plug-in hybrid electric F-150s equipped with extended range technology…
Report: The U.S. Marine Market
A ‘work in progress,’ the North American brown water, shallow draft sectors have experienced a tumultuous year of evolution, changing market conditions, a rapidly shifting regulatory environment and new opportunities. Anything but boring; and within the pages of Maritime Reporter’ & Engineering News’ Annual Yearbook, Joseph Keefe, editor of sister-publication MarineNews, takes a deep dive into the issues driving the domestic waterfront.Workboat EmissionsMore than one year ago, Volkswagon learned the ultimate (and painful) meaning of the iconic U.S.
Thad Allen Joins HudsonAnalytix
HudsonAnalytix, announced that Admiral Thad Allen, U.S. Coast Guard retired, has joined their operation as a Senior Executive Advisor.Admiral Allen served as the 23rd Commandant of the Coast Guard from 2006 to 2010. He will be focusing on risk management for the global maritime transportation sector served by Hudson. Focus areas include regulatory and policy issues, crisis response and disaster management, environmental compliance, and cyber risk to shipping, ports, and supply chains.
Varde Buys VLCC from Landbridge
Global alternative investment firm Värde Partners and Landbridge VLCC International, a Hong Kong-based subsidiary of Chinese industrial company Landbridge Group, announced a sale and lease back transaction of a very large crude carrier (VLCC).The vessel, Landbridge Prosperity, is a modern, fuel-efficient tanker built in 2016. Landbridge will continue to operate the vessel under a bareboat charter, before repurchasing the vessel at the conclusion of the charter period.“We are pleased to begin a financing relationship with Värde, a firm with diverse expertise and a long history in shipping.
Maritime Fatigue: Just another band aid?
On 24 January, the IMO issued updated guidelines on fatigue. This is just another in a long series of band aids that attempt to cover over the problem without providing a solution. Fatigue is a long-standing weakness in the maritime industry. It is recognized as a major or contributing causal factor in the majority of maritime casualties. As is well-known, fatigue is caused by a lack of sleep and relaxation. These, in turn, are the result of too few people being tasked with too much work. Guidance on how to recognize and manage fatigue is meaningless.
S.Korea's LPG Imports to Grow: Drewry
South Korea’s liquid petroleum gas (LPG) imports are expected to increase 9.5% in 2019 on account of the growth is due to stronger demand from the petrochemical sector.The recent policy change that will allow LPG-fueled vehicles in the private sector is another booster, said Drewry.South Korea’s LPG market was starting to look saturated with low demand, but as the government is reconsidering cleaner fuels, its demand is likely to shoot up.Drewry said that severe air pollution…
Marittima Emiliana Orders Two Tankers
Marittima Emiliana, a company owned by the Amoretti family’s Armatori Group, has placed an order for the 4,500 dwt tanker duo at Ningbo Xinle Shipbuilding, a Chinese shipyard specialising in small chemical construction.Watson Farley & Williams (WFW) advised Crédit Agricole Italia on two financings for Marittima Emiliana for the construction of the two chemical tankers.Construction will start in 1H 2019m, with delivery is scheduled for 2020. This transaction represents the Amoretti…
HazSub Spill Response Plans
On August 18, 1990, the Oil Pollution Act of 1990 (OPA 90) was enacted into law. Section 4202 of that Act amended the Federal Water Pollution Control Act (FWPCA or Clean Water Act) to require tank vessels and marine transportation-related facilities to prepare and submit to the US Coast Guard plans for responding, to the maximum extent practicable, to a worse case discharge, and to a substantial threat of such a discharge, of oil or a hazardous substance carried in bulk as cargo.
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.
Tufton Oceanic Assets Buys Container Ship
The fund management firm for the maritime Tufton Oceanic Assets has agreed to acquire a container ship for $13mln.The London-listed specialist fund said that the containership is designed to haul fresh fruit all over the globe. "The ship is being lent on a two year charter to a leading private operator of containerships in the fresh fruit transportation sector," it said.According to a stock exchange annoucement, the yield is in line with the targets expressed in the Company’s C Share prospectus.This is the second investment made from the C Share proceeds announced on 11 October 2018.
Maritime's Push Toward "Net Zero Carbon"
IMO’s 2050 deadline to reduce GHG emissions 50% from 2008 levels has set off a gold rush to develop Zero Emissions SolutionsClimate change is the biggest issue facing [all aspects of] the maritime industry, said Kitak Lim, IMO secretary general, in an interview earlier this year with Maritime Reporter & Engineering News. He predicted that shipping could experience as much change in the next 10 to 20 years as it has in the last 100 years, as the industry races to meet a number of challenges…
BY THE NUMBERS: U.S. Coast Guard - AWO Annual Safety Report
Issued at the National Quality Steering Committee (NQSC) meeting on July 31, 2018, the American Waterway Operators (AWO) and the U.S. Coast Guard (USCG) issued their annual report that benchmarks and further serves as the annual safety report card for the domestic towing industry. This year, it comes at a particularly timely moment, just on the heels of the deadline for the so-called ‘subchapter M’ towboat rules.The NQSC uses three measures to track overall trends in safety and environmental protection.
IMO Workshop on Secure Shipping in Asia
Shipping forms the backbone of world trade, transporting around 80% of global trade by volume. No other method of mass transportation is as cost-effective or fuel-efficient.Each day, around 50,000 merchant ships deliver the things people need and want – from food, to clothes, fuel, raw materials, electronics, medication and more. The security of maritime trade is therefore paramount to people all over the world.One way in which International Maritime Organization (IMO) supports maritime security is through targeted workshops supporting countries to implement IMO measures.
OSG Orders Tank Barge from Gunderson Marine
Portland, Ore. shipbuilder Gunderson Marine announced today that it has secured an order from Tampa. Fla. based energy transportation firm Overseas Shipholding Group, Inc. (OSG) for the construction of a 204,000 barrel capacity tank barge for delivery in the second quarter of 2020. The agreement also includes an option to build a second sister barge which would have a scheduled delivery date during the fourth quarter of 2020.The state-of-the-art 581' oil and chemical tank barge will be constructed to pair with existing tugs within OSG's current fleet for operation as an articulated tug barge (ATB) unit. OSG intends to register the barge under the U.S. Flag with a coastwise endorsement, allowing it to be employed in Jones Act trades.The tank barge for dual mode ITB service pursuant to U.S.
Korea Ocean Business Corporation to Support 10 Shipping Companies
The state-run Korea Ocean Business Corporation (KOBC) said it will offer support to 10 small and medium shipping lines as part of its effort to revive the country's maritime transportation sector.According to a report in Yonhap, KOBC selected the shipping lines as its primary negotiation partner with so-called sale and lease back (S&LB) assistance to be provided. KOBC aims to provide different services to rebuild shipping industry, including management of trade, support for replacement…
MHI Holds Ceremony for Taiheiyo Ferry
Mitsubishi Shipbuilding Co., Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, held a christening and launch ceremony yesterday for Taiheiyo Ferry Co., Ltd's "Kitakami". The vessel will replace the old Kitakami, one of three large ferries providing regular service between the ports of Nagoya, Sendai, and Tomakomai (Hokkaido). By eliminating the large shared cabin, the new ship-carrying on the Kitakami name-will ensure passenger privacy and offer enhanced comfort features.