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Articles : "Global News"

Up to USD 613 Mn to Be Injected in Portugal’s Port of Sines

Portugal has revealed a major investment in the expansion of the country’s Port of Sines as part of the agreement to extend its concession for another 20 years.

Up to EUR 547 million (USD 613.5 million) would be injected in the port, located in the southwest of Portugal, during the extended…

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Wood Mackenzie: Japan to Lose Top LNG Importer Position to China by 2022

Japan could lose its pole position as the world’s top LNG importer to China as early as 2022, a new report by Wood Mackenzie showed.

By then, LNG imports in Japan are expected to decline 12% to 72.8 million tonnes per annum (mmtpa) compared to 2018, while China’s import volume would rise 37…

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Iran Seizes UK-Flagged Tanker in Strait of Hormuz

Iranian authorities seized a British-flagged, Swedish-owned oil tanker while transiting the Strait of Hormuz on Friday.

The 46,575 cbm ship, Stena Impero, was captured for “breaching international maritime law”, Tehran-based Press TV reported, referring to a statement issued by the countr…

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DNV GL Develops Ship Implementation Plan App Ahead of IMO 2020

Ahead of the entry into force of the 2020 0.5% sulphur cap, classification society DNV GL has introduced a free web-based application of the Ship Implementation Plan (SIP).

As explained, the application enables ship owners and managers to prepare vessel-specific SIPs and maintain an overview …

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IMO Condemns Tanker Attacks in Strait of Hormuz

The Council of the International Maritime Organization (IMO) has condemned recent attacks on commercial shipping in the Strait of Hormuz and Sea of Oman at its meeting in London held July 15-19.

After debate, the IMO Council decided to condemn the attacks and expressed its concern over the gr…

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Port of Riga Starts Servicing LNG-Fueled Boxships

Latvian Port of Riga has begun servicing LNG-powered container vessels as it recently welcomed Containerships Polar, a newbuild delivered to Containerships earlier this year. 

It is planned that the first two 100% LNG-fueled vessels, Containerships Polar and Containerships Nord, owned by the…

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APM Terminals Callao Rolls Out Peru’s 1st Digital Customer Platform

APM Terminals Callao has become the first Peruvian terminal to introduce a customer platform that logs, streamlines and coordinates general cargo operations in the Port of Callao.

During the pilot phase, MOST, which was developed together with maritime and customs agents, enabled users to com…

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MUA: DP World to Slash 10 Pct of Its Australian Workforce

Dubai-owned port operator DP World Australia revealed plans to slash more than 10 per cent of its workforce, with 100 more jobs scheduled to be cut at both Melbourne and Sydney container terminals.

In addition, another 47 wharfies are due to finish up this week in Melbourne, according to the …

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Germany Becomes 13th Member of Hong Kong Convention

Germany has joined the International Maritime Organization’s (IMO) treaty for safe and environmentally-sound ship recycling, the Hong Kong Convention. 

On July 16, Reinhard Klingen, Director-General Waterways and Shipping in the Federal Ministry of Transport and Digital Infrastructure of G…

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Amsterdam Pilots Sailing Drone for Depth Inspection of Ships

The Telemetron, a sailing drone that inspects the depth of marginal ships at the locks of IJmuiden, shows that drones can do more than just fly.

The pilot, a collaboration between Port of Amsterdam, the Dutch Customs Office, Seabed and Maritime Robotics, has an aim to gain experience in new t…

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Mexico to Expand Manzanillo Port with Four New Terminals

The Mexican government is upgrading the Port of Manzanillo, one of the country’s main Pacific Ocean ports, with four new terminals.

The terminals will include a specialized container facility with capacity to handle 1.75 million TEUs per year, another for agricultural bulk, one more for min…

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Denmark Now Has the World’s Fifth Largest Merchant Fleet

Denmark has again improved its place on the list of the world’s largest shipping nations, surpassing the United States to claim the fifth place.

The milestone comes just a year and a half after Denmark surpassed Germany on the sixth spot.

Measured by the number of merchant ships sailing …

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Hyundai Samho to Build LNG-Powered Bulker Pair for H-Line

South Korean shipbuilder Hyundai Samho Heavy Industries, part of Hyundai Heavy Industries (HHI), has received an order for the construction of two LNG-fueled bulk carriers. 

The deal for the vessel duo has been inked with Hyundai Samho’s compatriot shipping company, H-Line Shipping, Korean M…

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BHP Eyes LNG Shipments for 10 Pct of Its Iron Ore

International mining company BHP has released “the world’s first” bulk carrier tender for LNG-fueled transport for up to 27 million tons of its iron ore.

By introducing LNG-fueled ships into its maritime supply chain, BHP intends to eliminate NOx and SOx emissions and reduce CO2 emissio…

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2020 Bulkers Ties Up Trio in Charter Deals with Koch

Norwegian shipowner 2020 Bulkers has reached time charter agreements for three of its vessels with Koch Supply & Trading, a subsidiary of Koch Industries.

The company’s Bulk Sandefjord secured a 36-month charter at an index linked rate, reflecting a premium to the Baltic 5TC index. The deal a…

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UK Presents Clean Maritime Plan

The UK government has published the Clean Maritime Plan, an ambitious plan to cut pollution from the country’s maritime sector. 

Launched by Maritime Minister Nusrat Ghani MP in London, the plan says that all new ships for UK waters ordered from 2025 should be designed with zero-emission c…

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Port of NY & NJ Unveils 30-Year Plan for Future Growth

The Port of New York & New Jersey has revealed a new development framework amid a record growth in cargo volume.

The “Port Master Plan 2050” follows an extensive 2½ year review of more than 3,000 acres of port property.

The 30-year plan will build on earlier planning work in the 1990s…

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Qingdao Port to Take Control of Weihai Port

Qingdao Port International is soon to take control of the Weihai Port as the State-owned Assets Supervision and Administration Commission (SASAC) arranged a merger deal between the parties.

Namely, the Qingdao SASAC notified the company on July 9 of the deal through which Weihai Port Group wo…

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JMU to Build Next-Generation Energy-Saving Bulker for NYK

Japanese shipping company Nippon Yusen Kaisha (NYK) has concluded a contract with compatriot shipbuilder Japan Marine United Corporation (JMU) for the construction of a next-generation energy-saving bulk carrier.

To feature a length of 299.9 meters and a breadth of about 50 meters, the newbui…

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Enterprise Plans Further Expansion at Houston Ship Channel Terminal

Enterprise Products Partners (EPD) has announced three additional expansion projects that will increase the partnership’s capacity to load liquefied petroleum gas (LPG), polymer grade propylene (PGP) and crude oil from its Enterprise Hydrocarbon Terminal (EHT) on the Houston Ship Channel.

C…

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