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WE SERVE IN 5 CONTINENTS & 7 SEAS

Region-Wide Gulf of Mexico Lease Sale Draws $159.4 Million in High Bids

By Jessica Resnick-Ault and Nichola Groom NEW YORK, Aug 20 (Reuters) – A major auction of oil and gas leases in the U.S. Gulf of Mexico on Wednesday received $159.4 million in high bids, government officials said.

Combined with a March aucti…

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Indonesia to Implement Sulphur Cap on Schedule

Indonesia has decided that vessels flying the Indonesian flag would comply with the IMO’s 2020 sulphur cap, after the country earlier informed that it needed more time to comply.

Namely, the country’s Ministry of Transportation confirmed tha…

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Yilport Holding Inks 49-Year Concession for Port of Taranto

Turkish port operator Yilport Holding has signed a 49-year concession agreement for the Port of Taranto in Italy.

The deal was signed on July 30 with Port Network Authority of the Ionian Sea (PNAIS), the managing institution of the port, and i…

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Indonesia to Delay Sulphur Cap Implementation in Its Waters

Indonesia would not switch to low-sulphur fuel from January 1, 2020, due to abundant supplies of 3.5% sulphur content fuel, Reuters said citing the country’s transport ministry.

Namely, the authorities plan to allow Indonesia-flagged ships t…

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India’s Venezuelan June oil imports highest in 7 quarters - trade

India’s oil imports from Venezuela surged to about 475,200 barrels per day (bpd) in June, more than double the previous month and highest in 21 months, data from shipping and industry sources showed.

Washington imposed sanctions on Venezuela…

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Panama Canal, UN Environment to Jointly Fight Climate Change

The Panama Canal and UN Environment have signed a cooperation agreement to join efforts on sustainable development and combating climate change.

The deal includes the exchange of experiences and knowledge, the development of programs and resea…

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Palmali Rostov Shipping Company recovered 260 million rubles

Palmali Rostov Shipping Company recovered 260 million rubles from oilmen.

This is a debt for the rental of oil tankers

One of the largest oil-producing enterprises in Russia, OOO LUKOIL-Nizhnevolzhskneft, will have to pay 260.9 million rub…

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Total to Develop LNG Import Floating Terminal in Benin

French oil and gas company Total, the Republic of Benin and the Société Béninoise d’Energie Electrique (SBEE) have signed a gas supply agreement and a host government agreement for the development of an LNG import floating terminal in Benin.

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NYK Launching Seafarer Payment Platform MarCoPay

Japanese shipowner NYK has formed a joint venture with Philippines-based Transnational Diversified Group (TDG) to launch the electronic money platform MarCoPay.

MarCoPay — derived from Maritime Community — is an electronic money platform desig…

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M/T Baltic Mariner

Palmali Holding’s M/T BALTIC MARINER tanker under Maltese flag is ready for its journey. Tanker is 130 meters tall, 16 meters wide with capacity 6,623 DWT.

When it comes to shipping, the main objective of Palmali is to provide excellence in …

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DP World, Maspion to Build USD 1.2 Bn Container Terminal, Industrial Logistics Park in Indonesia

Dubai-based port operator DP World and Indonesia’s conglomerate Maspion Group have signed two preliminary agreements with an aim to create a USD 1.2 billion container terminal and an industrial logistics park in the Indonesian province of East Ja…

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Stena Bulk Denies Claims of Stena Impero’s Involvement in Collision

Swedish shipowner Stena Bulk has rejected claims of a collision involving Stena Impero, the UK-flagged tanker seized by Iran in the Strait of Hormuz on July 19.

“We can confirm that we are not aware of, and nor is there any evidence of a colli…

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Virginia International Gateway Container Terminal Wraps Up Major Expansion

A USD 320 million expansion project at the Virginia International Gateway (VIG) container terminal has been completed, Virginia Governor Ralph Northam announced.

As explained, the completion of this project represents a significant milestone a…

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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…

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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 …

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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 repor…

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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 prep…

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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…

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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, Containe…

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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…

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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 f…

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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 Min…

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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 Maritim…

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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 yea…

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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.

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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 comp…

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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 elim…

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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, reflec…

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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…

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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 pla…

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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 Jul…

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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 m…

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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 …

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Louis Dreyfus Armateurs to Help Develop Wind Solutions for Shipping

French maritime firm Louis Dreyfus Armateurs (LDA) Group became the latest member of the International Windship Association (IWSA) to help further the development of these primary renewable solutions.

“We are very excited by the development of…

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New VLCC with 15-Year Charter Joins Ocean Yield

Norway-based shipping company Ocean Yield has taken delivery of the very large crude carrier (VLCC) Nissos Santorini.

The vessel was delivered from the South Korean shipbuilder Hyundai Heavy Industries and is the third in a series of four VLCC…

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US Removes Sanctions on PB Tankers

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has removed Italy-based PB Tankers from its list of sanctioned companies.

OFAC designated PB Tankers on April 12, 2019, for operating in the oil sector of the Vene…

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Virginia 1st US Port to Become Part of SEA\LNG

The Port of Virginia has become the first port in the United States to join SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of LNG as a marine fuel.

“The addition of the Port of Virginia to the coaliti…

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Port Esbjerg to Expand with New Multi-Terminal

Denmark’s port of Esbjerg is to expand its eastern port area as it plans to construct a new, 40,000-m2 multi-terminal in response to increased demand.

The new terminal is expected to be completed by the end of the year, the port said, adding…

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One Sea Partners Up with European Space Agency on Digitalization, Autonomous Ships

One Sea alliance and the European Space Agency (ESA) have decided to collaborate on maritime digitalization and autonomous shipping initiatives.

As informed, the industry alliance promoting a common goal of self-guiding shipping and ESA, which…

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The Voyage to Curb Marine Pollution

When we think about transport, planes, trains and automobiles are the three modes that most readily spring to mind. In reality, no method shapes our world more than shipping. It is the foundation of the global economy, with more than 90% of trade…

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Final countdown to sulphur 2020 begins

International Maritime Organisation’s (IMO) global 0.50 per cent sulphur cap regulation will come into effect on January 1, 2020. The limit for sulphur content in fuel oil used in ships operating outside the designated emission control areas will…

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Wight Shipyard Wraps Up Construction on Ultramar Ferries

UK shipbuilder Wight Shipyard Co has built two fast ferries for Ultramar, the largest ferry operator in Mexico.

The shipbuilder said that the 37-meter-long vessels, that represent its second export order, would be transported to Cancun, Mexico…

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Three Years: Expanded Panama Canal Exceeding Expectations

Three years after the Expanded Panama Canal welcomed its first vessel on June 26, 2016, the waterway continues to exceed expectations for the maritime industry.

From the culmination of the largest enhancement project since the waterway’s openi…

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China Unveils World’s 1st Smart Oil Tanker

China has launched the world’s first intelligent very large crude carrier (VLCC) at the country’s shipbuilding major, Dalian Shipbuilding Industry (DSIC).

The 308,000 dwt vessel was named and delivered to its owner, China Merchants Energy …

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Moody’s: Global Shipping Earnings Set to Increase

The outlook for the global shipping sector into 2020 will remain stable despite geopolitical and trade uncertainties, according to rating agency Moody’s.

This is because higher expected earnings are counterbalanced by US/China trade tensions…

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Drewry: Shipping Industry’s Benefits from US-China Trade War

Escalating trade hostilities between the US and China spells bad news for the Transpacific container trade but should also result in higher volumes of intermediate goods, according to shipping consultancy Drewry.

Potential losers in this trade…

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Desgagnés Christens, Launches Polar Class Tanker Duo

Canadian shipping company Desgagnés held a double christening and inauguration ceremony for its new polar class tankers on June 20.

The ceremony for the dual fuel/LNG vessels Paul A. Desgagnés and Rossi A. Desgagnés was held at the Port of Qu…

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We4Sea: IMO Rule to Boost Fuel Costs by Up to 50 Pct

In less than 200 days the International Maritime Organization’s sulphur cap would be implemented, bringing with it a surge of up to 50% in fuel costs, according to Dutch ship-monitoring company We4Sea.

Ninety percent of all trade worldwide i…

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Strait of Hormuz in Focus after Recent Attacks on Tankers

The Strait of Hormuz, the world’s most important oil chokepoint, remained in focus following attacks on two tankers on June 13.

The recent attacks on two tankers in the Gulf of Oman, that saw Frontline and BSM Ship Management (Singapore) ves…

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Canada to Build RoPax Ferry Pair at Davie Shipyard

The Canadian government has decided to enter into contract negotiations with shipbuilder Chantier Davie of Lévis for the construction of two new roll-on/roll (RoPax) ferry vessels for Transport Canada (TC).

As informed, the newbuilds will rep…

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