World Bank News

12 Feb 2019

Maersk Uses Inland Waterway in India

Image: Port of Gothenburg

The world's largest container shipping company Maersk Line began moving 16 containers on the Ganga river from Varanasi to Kolkata, the Shipping Ministry of India said.It will be Maersk's first container movement in the 1390-km inland waterway in the River Ganga from Haldia to Varanasi."Maersk Line will move 16 containers on river Ganga (National Waterway-1) from Varanasi to Kolkata tomorrow. The firm is onboard India's inland waterways for the first time," the ministry said in…

18 Jan 2019

IRClass Signs MoU with Government of Assam

Logo: IRClass

The Indian Register of Shipping (IRClass) and the Government of Assam, a key state in India’s north-east, has signed a Memorandum of Understanding (MoU) to further enhance the state’s inland water transport (IWT) system to improve commuter safety.The MOU follows the funding agreement between the Government of Assam and the World Bank to modernize and transform inland water transport in the state which has the largest network of navigable inland waterways in India. Plans include…

06 Dec 2018

Kolkata-Patna: India's Second Inland Container Cargo Sector

Pic: Inland Waterways Authority of India

Patna, capital of Indian state of Bihar, will witness a new landmark in the country’s Inland Water Transport (IWT) sector with 16 TEUs of container cargo (equivalent to 16 truckloads), belonging to food majors PepsiCo India and Emami Agrotech will reach the city's Gaighat IWT Terminal from Kolkata on river Ganga next week.Inland Waterways Authority of India’s (IWAI) vessel MV RN Tagore sailed from Kolkata’s Garden Reach Jetty on December 6th. It will reach the IWT terminal at…

30 Nov 2018

Shipyard Bijela: Concession to Consortium of Damen and Adriatic Marinas

Bijela shipyard in Boka Bay, Montenegro. Photo: Damen Shipyards

Damen Shipyards Group, Adriatic Marinas and the Montenegrin Government have signed a contract for redevelopment of Bijela shipyard. The consortium will transform site into superyacht repair and refit facility.According to a press release from the Dutch shipyard group, the consortium of superyacht marina development and operating group Adriatic Marinas and the global ship and superyacht builder Damen, have been working with the Government of Montenegro.Since 2012 the parties have been developing plans to bring about the redevelopment of the former Bijela shipyard in Boka Bay…

20 Nov 2018

New Kenyan Coastguard Targets Illegal Fishing

The launch of a coastguard in Kenya - one of a handful in Africa - could cut illegal fishing and boost the economy, experts said on Tuesday, although the service only has one boat so far.Kenya loses about $97 million a year to foreign boats fishing without permission, President Uhuru Kenyatta said at the launch on Monday, vowing to crack down on drug, people and arms smuggling along Kenya's lengthy coast."The role of the coastguard is quite pivotal," said David Obura, coordinator for a coastal research organisation, Cordio East Africa. "Just like on land, until you establish security of tenure its very challenging to manage it."Africa's fish stocks are being depleted by industrial trawlers which comb the oceans to feed European and Asian markets…

12 Nov 2018

Varanasi Port Receives India's First Inland Cargo Vessel

The Prime Minister, Narendra Modi at the inauguration of the inland port project, in Varanasi, Uttar Pradesh. Photo: PIB

Indian Prime Minister Narendra Modi has inaugurated the first multi-modal terminal built on the river Ganga in Varanasi (Kashi). He also received India's first container vessel that sailed from Kolkata on the newly-developed inland waterway.The event marked India’s first inland voyage by a container ship since it gained independence from Britain 70 years ago. The first consignment contained cargo belonged to food and beverage giant PepsiCo India.The 1,390km (863 miles) Ganga watercourse is one of the 111 waterways spanning 20,276km that India is reviving or planning to build.

09 Nov 2018

Ferry Safety and Technology Conference set for February in Bangkok

A depiction of last year's contest winner (CREDIT: WFSA)

The 5th Annual Ferry Safety and Technology conference will be held in Bangkok Thailand on February 20‐22, 2019. The conference is designed to showcase the best practical technologies to improve safety particularly‐ but not solely, for the developing world.The conference is co‐hosted by the Worldwide Ferry Safety Association (WFSA) and the famed Chao Phraya River Boat Co. The conference features good news on multiple fronts: new high‐quality ferry systems; new development of inland waterways making them safe for ferries in India and Bangladesh (in a presentation by the World Bank)…

20 Sep 2018

Focus on African Ports and Hinterland Connectivity

Image: International Maritime Organization (IMO)

When a ship comes into port it may be the end of a voyage, but just the beginning of a range of administrative tasks that need to be completed.The port is unlikely to be the final destination for the cargo – which will need to be unloaded and forwarded in a variety of ways. This requires logistics and infrastructure that connects the port to other inland places and regions – known as ‘hinterland connectivity’. This was the issue under the spotlight at the first regional conference of The International Association of Ports and Harbors (IAPH) in Abuja…

31 Aug 2018

Inland Waterways Authority of India Releases Ship Designs for River Ganga

Representational Photo: PIB

Inland Waterways Authority of India (IWAI) made public 13 standardised state-of-the-art ship designs suitable for large barge haulage on river Ganga (National Waterway-1).This marks attaining of a critical milestone in the growth of the country’s Inland Water Transport (IWT) sector as it will help overcome the unique navigation challenges river Ganga throws due to its complex river morphology, hydraulics, acute bends, shifting channels, meanders and current.It will serve as an…

22 Aug 2018

Offshore Cape Three Points Begins Gas Delivery to Ghana

Image: Vitol

Vitol said that the Offshore Cape Three Points (OCTP) integrated oil and gas project offshore Ghana has commenced delivery of gas from the Sankofa field to Ghana National Petroleum Corporation (GNPC).Both Vitol and GNPC are partners in the OCTP project alongside operator Eni. The offshore project is expected to provide stable supplies of cost effective and environmentally friendly, domestic fuel for the Ghanaian power sector, said Vitol.The estimated net cost of gas to Ghana will be less than $4.5/MMBtu…

02 Aug 2018

Bad Weather Stalls Bangladesh FSRU Hook Up

Excelerate CFO Nick Bedford and representatives from IFC, the Bangladeshi government, Petrobangla, and project lenders at the signing ceremony in Dhaka in the summer of 2017. IFC, a member of the World Bank Group, and Excelerate Energy Bangladesh Limited (Excelerate) are co-developing the Moheshkhali Floating LNG project – Bangladesh’s first liquefied natural gas (LNG) import terminal. (Image: Excelerate)

A vessel that arrived in Bangladesh in April to offload its maiden cargo of liquefied natural gas and moor permanently as an import terminal should begin operations "within a week" after bad weather hampered its start-up, an official said on Thursday.The floating storage and regasification unit (FSRU) will allow Bangladesh to import LNG for the first time as its domestic gas production falls and will boost several power projects in a nation where 30 percent go without electricity.Since its arrival at Moheshkhali…

18 Jul 2018

For the Global LNG Industry, is the FSRU Honeymoon Over?

(Photo: Höegh LNG)

A giant vessel docked at the port of Moheshkhali in Bangladesh two months ago, propelling the populous but poor nation into the fast-expanding club of liquefied natural gas (LNG) buyers.The Excellence is the latest floating storage and regasification unit (FSRU), a type of carrier that has proliferated since 2015 as many countries switch to a cleaner and increasingly cheaper fuel than oil and coal.But the young FSRU industry has been beset by more project delays than successes in the past 12 months as fluctuating energy prices…

28 May 2018

Second Delivery of Cranes Arrives in APM Terminals Moin

Photo: APM Terminals

With this latest delivery of cranes, the APM Terminals Moin remains on schedule for completion in February 2019, when it is expected to raise commerce in Costa Rica by 23% according to Qbis Socioeconomic Impact Study. This second delivery of Ship-to-Shore and Electric Rubber-Tire Gantry Cranes (ERTGs) to APM Terminals Moin, Costa Rica brings the total on site to six and 23 respectively. The commissioning of the equipment was completed this week. “APM Terminals Moin is proud to celebrate this milestone…

22 May 2018

Indian Fishermen Hail US Supreme Court Decision to Hear World Bank Suit

© pjhpix / Adobe Stock

Farmers and fishermen in western India have welcomed a U.S. Supreme Court decision to hear their lawsuit against a World Bank agency, which financed a power plant they blame for damaging the environment and their livelihoods.The U.S. Supreme Court on Monday agreed to hear an appeal by the villagers of a lower court ruling that the International Finance Corp (IFC) was immune from such lawsuits under federal law.The court must now consider for the first time whether international organisations are immune from such suits under federal law…

07 May 2018

Conoco Moves to Seize PDVSA's Caribbean Assets

File Image: A view of the local refinery on the island of Aruba. (CREDIT: AdobeStock / © Hans)

U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela's state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its actions. The U.S. firm targeted facilities on the islands of Curacao, Bonaire and St. Eustatius that accounted for about a quarter of Venezuela's oil exports last year. The three play key roles in processing, storing and blending PDVSA's oil for export.

16 Mar 2018

India to Augment Capacity Along Inland Waterways

Photo: Inland Waterways Authority of India

The Government  of India proposes to augment capacity to develop eco-friendly and economic mode of transportation along inland waterways and coastal shipping routes under the Sagarmala Programme. Sagarmala is the flagship programme of the Ministry of Shipping to promote port-led development in the country by harnessing India’s 7,500 km long coastline, 14,500 km of potentially navigable waterways. It aims to reduce the logistics costs by doubling the share of domestic waterways in the modal mix from current 6 per cent.

02 Mar 2018

Port of Antwerp to Help Develop New Dakar Port, West Africa

Left to right: Aboucacar Sedikh Beye, CEO of the port of Dakar – Kristof Waterschoot, managing director of PAI/APEC (subsidiaries of the port of Antwerp). Photo: Port of Antwerp

Antwerp and Dakar port authorities are to collaborate more closely in the next few years. In this way Antwerp, the second-largest port in Europe, seeks to reinforce its historic position as leader on the coast of West Africa. The Senegalese port of Dakar for its part views the collaboration as a way to position itself as the main regional hub for freight. In order to put an official seal on the future collaboration, the respective port authorities signed a Memorandum of Understanding on Friday this week. Mr.

21 Dec 2017

Development of India's National Waterways

The Indian Shipping Minister Nitin Gadkari addressing the gathering at the dedication of the New Brahmaputra Bridge to the Nation and the foundation stone laying of Development of River Barak as National Waterways No.16 Shipping and Navigation, at Guwahati on January 29, 2017. The Chief Minister of Assam, Shri Sarbananda Sonowal and the Minister of State for Railways, Shri Rajen Gohain are also seen. Photo: PIB

Under the National Waterways Act, 2016 of India, a total of 111 waterways have been declared as National Waterways (NWs). Out of these 111 NWs, NWs-1, 2 and 3 are operational and cargo and passenger vessels are moving on them, while for NW-4, the development works under Phase-I from Muktyala to Vijaywada started  in 2017. Further, for development of NW-5, preparation of DPR including Front End Engineering Design (FEED) for the construction of weirs/ barrages with navigational locks and check dams between Pankapal and Paradip/ Dhamra (Phase-I) has been sanctioned.

15 Nov 2017

UK Chamber CEO Hails Shipping's Role in Globalisation

Photo: UK Chamber of Shipping

Capitalism, globalisation and international collaboration spread prosperity and growth - and shipping has a vital role to play in this process, Guy Platten, CEO,  UK Chamber of Shipping said in his address to the annual Scottish Shipping Benevolent Association (SSBA) dinner in Glasgow last night. A press release from UK Chamber quoted Guy Platten as saying: "Even though the world has never traded more, it seems like once again we have to defend trade, free markets and capitalism itself from those who would seek to tear them down," the UK Chamber CEO said.

13 Nov 2017

India Pushes for Inland Waterways Project on River Ganga

File Image: Inland Waterways Authority of India

The Inland Waterways Authority of India (IWAI) has awarded a contract to a reputed consultant for technical support services for the Multi-Modal Terminal at Haldia and new Navigation Lock at Farakka. These projects are part of the Jal Marg Vikas Project (JMVP) on National Waterway -I (River Ganga), being implemented with technical and financial assistance of the World Bank at an estimated cost of Rs. 5369 Crore (USD 819million). The objective of this is to ensure adherence to timelines and budgeted costs of the project and full compliance with the other stated guidelines.

26 Oct 2017

MAN Introduces the 'Game Changer'

(Photo: MAN Diesel & Turbo)

What would Rudolf Diesel say if he could see and compare his engine versus todays’ newest diesel engine development from MAN Diesel & Turbo? As the Augsburg based engine maker claims, “A cylinder output of 1,300 kW this engine puts us to the top.” The largest version of the new engines is a 20-cylinder unit (20V45/60) comes with a limit-pushing power output of 26 MW. The new MAN 45/60CR range is a striking combination of top performance, operational flexibility and reliability.

19 Jul 2017

Inland Waterways Authority of India to Raise USD 103 mln Through Bonds

Work at Dhubri Ro-Ro Terminal at Guwahati. Photo: Inland Waterways Authority of India (IWAI)

The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Revalidation of permission to raise Extra Budgetary Resource (EBRs) of INR 660 crore (USD 103 mln) as Government of India Bonds by Inland Waterways Authority of India (IWAI) in 2017-18. The proceeds from the bonds will be utilized by IWAI for development and maintenance of National Waterways (NWs) under National Waterways Act, 2016 (effective from 12.4.2016). Funds received through issue of bonds will be used exclusively for capital expenditure to improve infrastructure funding.

12 Jul 2017

IFC, Excelerate Secure Finance for Bangladesh First LNG Terminal

Photo: Excelerate Energy

IFC, a member of the World Bank Group, and Excelerate Energy Bangladesh Limited (Excelerate) are co-developing the Moheshkhali Floating LNG project – Bangladesh's first liquefied natural gas (LNG) import terminal. The project will be located offshore Moheshkhali island in the Bay of Bengal with a project cost of $179.5 million. IFC and Excelerate announced securing the debt financing for the project to help expand access to clean energy in Bangladesh. Bangladesh's first LNG import terminal will enable Petrobangla…

Maritime Reporter Magazine Cover Feb 2019 - Ferry Builders

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.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News