DP World, India’s NIIF to Create USD 3 bln Investment Platform
The National Investment and Infrastructure Fund (NIIF), India’s first sovereign wealth fund, and Dubai-based ports operator DP World have announced the creation of an investment platform to invest up to $3 billion in ports, terminals, transportation and logistics businesses in India. The partnership follows the Memorandum of Understanding (MoU) signed in May 2017 and the visit to India of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, in February 2016.
Keppel Explores Sale of Jack-up Rigs to Borr Drilling
Singapore yard Keppel Corporation is considering a sale of jack-up rigs to Norwegian offshore drilling contractor Borr Drilling, reports The Business Times. The world’s biggest builder of oil rigs is seeking to offload six jack-up rigs for up to US$960 million to the Oslo-listed drilling firm headed by Tor Olav Trøim, said the report. BT also reported that Keppel Capital has already hooked up with structured finance provider Clifford Capital to potentially extend a sale-and-lease-back arrangement for at least one jack-up contracted by Grupo R.
COSCO Shipping Ports, CMA CGM Ink Concession Deal with Zeebrugge Port
COSCO Shipping Ports , the world’s leading port operator, announced a signing ceremony was held today with Port of Zeebrugge in Brussels of Belgium for the concession terms of CSP Zeebrugge Terminal. The event also witnessed the signing of a Memorandum of Understanding (MoU) between the Company and CMA CGM Group, the Marseille based world’s leading shipping company and member of Ocean Alliance, for CMA’s initial investment of 10% in CSP Zeebrugge. Kris Peeters, Vice Prime Minister and Minister for Work…
Rising Tide of Innovation at Davos to Keep Plastic out of the Sea
Technology that could avoid the equivalent of 100 garbage bags of plastic waste being created per second received a funding boost at the World Economic Forum in Davos, Switzerland, on Tuesday. The five winners of the "Circular Materials Challenge", which focuses on the 30 percent of plastic packaging that is too small or complex to be recycled and often ends up in the ocean, will share the $1 million prize to develop their solutions, said the Ellen MacArthur Foundation and innovation network NineSigma.
First Containership Receives LR Cyber Notation
The newly built containership MV COSCO Shipping Aries, recently delivered to COSCO Shipping Lines, is the first ever containership to receive Lloyd’s Register’s (LR) cyber-enabled ship (CES) descriptive note “Cyber AL3 SECURE PERFORM” for its energy management system. The 20,000 TEU ship was built by Nantong COSCOS KHI Ship Engineering Co., Ltd (NACKS). “MV COSCO Shipping Aries is the first 20K TEU level ultra large containership built in Chinese shipyard owned by COSCO Shipping Container Lines.
Shipowners' Club on Mayflower Autonomous Ship
The Shipowners' Club has revelead details about Mayflower Autonomous Ship project (MAS), which is an innovative new venture to design, build and sail the world’s first fully autonomous vessel across the Atlantic Ocean. The project’s name commemorates the anniversary of the Pilgrim Father’s voyage from Plymouth, UK to Plymouth in the New World (USA) on the original Mayflower in 1620. To mark the anniversary, marine tech company MSubs, Plymouth University and charitable research foundation Promare, are developing a 21-metre autonomous vessel based on a classic Oyster hull.
India's Oil Imports Surged in 2017
India's oil imports rose by about 1.8 percent in 2017 to a record 4.37 million barrels per day (bpd) as the country boosted purchases to feed its expanded refining capacity, ship-tracking data obtained from sources and data compiled by Thomson Reuters Oil Research & Forecasts showed. To meet its growing fuel demand India, the world's third-biggest oil consumer, raised its refining capacity in the second half of 2017. India's capacity expansion to about 5 million bpd was aided by Reliance Industries…
China Rolls-out World's Second-Largest Ore Carrier
The second-largest ore carrier in the world was officially named Yuanhehai and delivered to China Ore Shipping, affiliated with China Cosco Shipping Corporation, in Shanghai, the state media reported. The 400,000-dwt mega ship, which is 362 meters long, 65 meters wide and 30.4 meters high, was delivered almost a year after the deal was made in 2016, China News Service reported. The Yuanhehai is the second-generation very large ore carrier (VLOC) designed by Shanghai Waigaoqiao Shipbuilding Company. The delivery was the first ship of the second-generation VLOC.
Norway SWF Dumps 3 Shipping Firms
The Norwegian Central Bank has decided to exclude ship owners Evergreen Marine Corporation, Precious Shipping, Korea Line Corporation and Thorensen Thai Agencies from the Government Pension Fund Global (GPFG). The exclusion is based on the companies’ poor management of their end-of-life ships and the sale of these for dirty and dangerous shipbreaking on the beaches of Gadani, Pakistan and Chittagong, Bangladesh. The Norwegian Council on Ethics directs the Norwegian Central Bank…
Yanmar Rolls Out New Marine Power Offerings
Yanmar has already introduced several new products for the marine market in 2018, including a new common rail inboard marine diesel engine touted as the world's smallest, higher horsepower offerings in its mid range series, and expanded joystick controls. Yanmar Marine International has launched the latest addition to its family of new generation common rail (CR) diesel engines, the compact Yanmar 3JH40 inboard engine, at boot Düsseldorf. The three-cylinder 3JH40 has been developed as the marine industry’s smallest CR inboard diesel engine, Yanmar said.
Gas Natural Fenosa, Baleària Sign LNG Bunkering Deal
Spanish liquefied natural gas (LNG) operator Gas Natural Fenosa signed an exclusive 10-year LNG supply deal with Spanish ferry operator Baleària. According to the company release, the supply contract will initially apply to the ports of Barcelona, Valencia and Algeciras, then extended to all the peninsular ports operated by the shipping company together with the entire new fleet powered by this fuel committed to using LNG as an ecological fuel. The president of Baleària, Adolfo Utor…
All-Women Crew Circumnavigating the Globe
Indian vessel INSV Tarini entered Port Stanley, (Falkland islands on January 22, 2018 during it’s maiden voyage to circumnavigate the globe. This is the first-ever Indian circumnavigation of the globe by an all-women crew. The vessel is skippered by Lieutenant Commander Vartika Joshi, and the crew comprises Lieutenant Commanders Pratibha Jamwal, P Swathi, and Lieutenants S Vijaya Devi, B Aishwarya and Payal Gupta. Nirmala Sitharaman, Defence Minister had flagged-off INSV Tarini from Goa on 10 September 2017.
MedPort Tangier Cranes to Reach APM Soon
The first group of three, of a total of 12 advanced remotecontrolled ship-to-shore (STS) cranes, has departed China for delivery on February 15 to the new APM Terminals MedPort Tangier, Morocco terminal. Manufactured by ZPMC in Shanghai, the super post-Panamax cranes will be able to accommodate 20,000 TEU vessels, giving the facility an annual container throughput capacity of five million TEUs. “Our goal is to use proven technology to create highproductivity for our clients on one of the world’s most strategically important trade lanes on the Strait of Gibraltar…
TEN Sells, Leaseback Two Suezmax Tankers
Greece-based Tsakos Energy Navigation (TEN) has announced that it has sold for $65.2 million gross, through a five-year sale and leaseback transaction, the 2005-built Suezmax tankers Eurochampion 2004 and Euronike. The sale proceeds have been used to reduce debt and add $16.0 million of cash to TEN’s balance sheet. The vessels were delivered to their new owners in late December 2017. “Following the 15-vessel renewal program that was completed last quarter, the sale and purchase of vessels remains an integral part of TEN’s strategy to maintain its owned fleet modernity and enhance liquidity…
Celebrity Edge Floats Out at STX France
Celebrity Cruises’ newest cruise liner, Celebrity Edge, was floated out of dry dock for the first time at the STX shipyard in Saint-Nazaire, France. The ship is the brand’s first in a new class in more than 10 years. It will now undergo final outfitting before scheduled delivery in October 2018. Celebrity Edge will be homeported in Fort Lauderdale, Fla., making her first sailing November 21, 2018.
London Gateway Ups Security Measures
Expanded use of converged security and information management platform will support physical and IT security program at DP World London Gateway. London Gateway, one of the U.K.’s major ports owned and operated by DP World, has implemented converged security and information management (CSIM) software port-wide to increase security and provide overall situational awareness capability. Situated on the north bank of the River Thames, the deep-sea container port is located next to Europe’s largest logistics park, providing shipping access to key U.K. consumer markets.
Port Saint John Cargo Volume up 15%
Year-over-year total cargo tonnage at Port Saint John, Eastern Canada’s largest port by volume, increased by over 4 million metric tonnes in 2017. Overall cargo tonnage handled for the year 2017 was 30,458,422 metric tonnes, a 15% increase over 2016. All cargo sectors, aside from the anticipated exception of containers, experienced significant gains in 2017. Additionally, the loss experienced in containerized cargo was lessened due the introduction of a new weekly container service by CMA CGM in 2017.
Rotterdam Port Signs Pact for Maintenance of Roads, Greenery
The Port of Rotterdam Authority signed agreements with two contractors relating to what is known as the port’s dry infrastructure. One contract covers maintenance of the roads in the port and the other maintenance of the green spaces. Following a tendering procedure, Van Gelder emerged as the best choice for the road infrastructure. The green spaces will be maintained by BTL. Both contracts run for two years and an express wish has been made for them to be extended by eight years. The combined sum of the contracts comes to over 14 million euros for the first two years.
Wärtsilä Developing Hybrid Tug for Brazil
Wärtsilä said it has signed a memorandum of understanding (MoU) to develop a new environmentally friendly tug design for a new port facility being built in the Brazilian city of São Mateus. The MoU, signed with Petrocity, parent company of a new port facility, will see Wärtsilä develop a harbor tug design based on its recently launched Wärtsilä HYTug, which features hybrid propulsion and energy storage using batteries. The prime consideration is to maximize the ecological operational…
Seacor Announces JV with Cosco Shipping Affiliates
Offshore services vessel operator SEACOR Marine Holdings Inc. said it has formed a jointly owned company with affiliates of the world’s largest ship owner, COSCO Shipping Group. The Marshall Islands company, SEACOSCO Offshore LLC, entered into contracts for the purchase of eight Rolls-Royce designed new construction platform supply vessels (PSV) from COSCO Shipping Heavy Industry (Guangdong) Co., Ltd. Six of the PSVs are of UT 771WP design (4,400 tons deadweight), and two are of UT 771CD design (3,800 tons deadweight).
Video: E-Class Edith Mærsk on the Thames
The largest ship ever to enter the Thames arrived at DP World London Gateway, the U.K.’s new deepwater container port. The 397-meter-long, 56-meter-wide Edith Mærsk has a draught of 16 meters and carries up to 15,500 TEU (twenty-foot equivalent units). A time-lapse video of Edith Mærsk at DP World London Gateway is available here. “The arrival of the Edith Mærsk is a historic moment,” said DP World CEO Simon Moore. “This is one of the world’s largest ships and the biggest ever to enter the Thames.
The Top 10 Ships of 2016
Maritime Reporter & Engineering News (www.marinelink.com), published since 1939, annually publishes details on the world’s “Great Ships of the Year.” Of the 18 selected as “Great Ships of 2016,” here we rank the Top 10 Ships of 2016, according to the editors of Maritime Reporter & Engineering News. Why: Second in series of the world’s first LNG powered containerships. Shipyard: Philly Shipyard Inc. Owner Reliance Industries Ltd. Owner: Arctia Icebreaking Ltd.
DP World London Now Handles Far East Calls
MOL Triumph, the first of the world’s largest and newest vessels to call in the UK, arrives in Southampton on THE Alliance's FE2 service as new third deep-water berth opened at London Gateway in April, ahead of first regular Asia-Europe service starting. DP World's UK terminals will welcome the first services from the Far East following a global shake-up of the world’s shipping lines. Inaugural calls of Asia/Europe services by THE Alliance, a shipping consortium made up of Mitsui O.S.K Line…