Menu

Palmali Holding | Sea Freight | Shipping | Oil Transport

WE SERVE IN 5 CONTINENTS & 7 SEAS

America’s First LNG Articulated Tug and Barge Unit Launched

The US-based shipyard VT Halter Marine has launched Q-LNG 4000, America’s first offshore liquefied natural gas articulated tug and barge (LNG ATB) unit.

Named at the end of September 2019, the barge is owned by marine transportation company …

Read more

Hyundai Heavy Obtains Second USCG BWMS Type Approval

The U.S. Coast Guard Marine Safety Center has issued a ballast water management system type approval certificate to South Korea’s Hyundai Heavy Industries.

The approval is for the company’s EcoBallast BWMS which consists of filtration with U…

Read more

Poland Getting New Shipping Channel

Poland’s Maritime Office in Gdynia has signed an EUR 187 million (USD 205.4 million) contract for the development of a shipping channel through the Vistula Spit which separates the Vistula Lagoon from the Gdańsk Bay.

The joint venture Besix…

Read more

Europe’s Largest Port Now Ready for Larger Ships

The project to deepen the Nieuwe Waterweg waterway and the Botlek area at the Port of Rotterdam has been officially completed, allowing Europe’s largest port to accommodate ever-larger ocean-going vessels.

One of the busiest waterways in the…

Read more

Avenir LNG’s First 7,500 cbm LNG Carrier to Work for Petronas

The UK-based small-scale LNG supplier Avenir LNG Limited has partnered up with Malaysia’s shipping group MISC Berhad to provide its first 7,500 cbm LNG carrier to a subsidiary of Petronas in an effort to advance LNG bunkering in Malaysia.

As…

Read more

Unique Cloud-Based Database Now Supports Parts Procurement Contracts

A cloud-based database containing the details of millions of machinery parts has eliminated inventory inconsistencies for technical managers - now it is also being used to support procurement contracts.

The MESPAS global master database is a u…

Read more

Seized Stena Impero Leaves Iran, Owner Confirms

The detained tanker Stena Impero has finally been released and is sailing to Dubai, according to the ship’s owner Stena Bulk.

“Stena Bulk and Northern Marine Management confirm the Stena Impero and its crew have been released,” Erik Hane…

Read more

MOL, Novatek, JBIC Sign Russian LNG Complex Deal

Japan’s Mitsui O.S.K. Lines has signed a cooperation agreement with Russian natural gas producer Novatek and Japan Bank for International Cooperation (JBIC) related to marine LNG transshipment complexes in Russia.

The deal confirms the parti…

Read more

New European Project to Develop Smart Navigation Systems for Ships

A consortium of Swedish, Norwegian and German partners has been given the go-ahead for their research and innovation project Prepare Ships that is expected to increase safety and efficiency in shipping.

The 26-month project, which is scheduled…

Read more

Hunter Tankers’ 1st ECO VLCC Newbuilding Delivered

Hunter Tankers, a part of Hunter Group ASA, has taken delivery of its first of seven identical ECO design VLCC newbuildings, the Hunter Atla.

The vessel was handed over from Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea.

Tw…

Read more

TMS Cardiff Gas Signs Long Term LNG Carrier Charter Deal with Total

Operator and manager of LNG carriers TMS Cardiff Gas has entered into a long term time charter contract with Total Gas & Power Limited for one of its eleven newbuilding LNG carriers.

Under the deal, one of the company’s X Carrier Series vessel…

Read more

ABB: Incheon Port to Cut Passenger Ship Emissions with Shore Power

Technology company ABB has secured a contract to install a shore-to-ship solution at the South Korean Port of Incheon.

As explained, the solution would enable passenger vessels visiting Incheon to slash emissions, noise and vibrations at berth…

Read more

Study: LNG Is the Most Commercially Viable Alternative Marine Fuel

LNG is the most mature, scalable, and commercially viable alternative fuel currently available for the maritime industry, a new study finds.

Released by SEA\LNG and entitled ‘Comparison of Alternative Marine Fuels’, the study was conducted by …

Read more

IUMI: Marine Cargo Premiums Inadequate to Cover Losses

The marine cargo market is in a state of ‘accelerating change’ as underwriters are taking action to address unprofitable results and improve performance, according to the International Union of Marine Insurance (IUMI).

“On a global basis, …

Read more

ILWU: Automation of BC Terminals to Cause Major Job Cuts

Automation of British Columbia container terminals could lead to a loss of thousands of jobs, according to a report commissioned by the International Longshore and Warehouse Union Canada.

The study found that automation is likely to eliminate …

Read more

Fire Erupts aboard Tanker at Norway’s Sture Terminal

A Liberian-flagged tanker caught fire while moored at the Sture terminal in Norway on September 13.

According to Norwegian oil major Equinor, the fire broke out in the engine room of the 2005-built tanker Dubai Harmony.

The ship’s captain h…

Read more

NRF: US Retail Imports to Surge Again Ahead of More Tariffs

Imports at major retail container ports in the U.S. reached unusually high numbers just before new tariffs on goods from China took effect September 1 and are expected to surge again before another round of tariffs takes effect in December.

“R…

Read more

UK: Uncertain Times Make Strong Ports More Vital Than Ever

Global trade, and the maritime sector that enables so many of its flows, faces uncertain and challenging times, according to the UK Major Ports Group.

Research from maritime industry research experts Drewry has identified a small number of key…

Read more

Marseille Fos Wants to Be Mediterranean’s 1st Fully Electric Port by 2025

The Port of Marseille Fos has unveiled a new eco-friendly initiative that supports the port’s goal of becoming the Mediterranean’s first fully electric port by 2025. 

As disclosed, the port authority plans to spend EUR 20 million (USD 22 …

Read more

Sustainability Concerns of IBC Stakeholders

Sustainability Concerns Compelling IBC Market Players to Prefer Metal and Paperboard Materials

A latest market intelligence report delivers vital insights into the IBCs market, which considers the global industry analysis 2014-2018 and opportu…

Read more

NYK Signs Another LNG Carrier Long-Term Charter with Total

Japanese shipowner NYK and a subsidiary of French oil major Total have signed another long-term charter contract for a newly-built LNG carrier.

Under the contract, Total Gas & Power Chartering Limited (TGPCL) will charter an LNG carrier that i…

Read more

Qatar Petroleum, Fluxys Ink Zeebrugge LNG Terminal Deal

Qatar Petroleum has signed a long-term LNG unloading services agreement for Zeebrugge LNG terminal with Fluxys Belgium.

Under the deal, signed with Fluxys LNG in Brussels on September 2, Qatar Terminal Limited (QTL) subscribed unloading slots …

Read more

MOL Chemical Tankers Launches Nordic Tankers Merger

Singapore-based MOL Chemical Tankers has started a full integration process of MOL Nordic Tankers (MOLNT).

MOLCT acquired 100% of shares in Danish chemical tanker company Nordic Tankers, subsequently be renamed to MOL Nordic Tankers, from Trit…

Read more

ENOC to Supply Marine Lubricants for Up to 16 Tankers

The UAE-based energy group Emirates National Oil Company (ENOC) has signed a memorandum of understanding (MoU) with Greek bunker trader IMS Oil Trading to supply marine lubricants for up to sixteen product tankers.

Lubricants will be delivered…

Read more

SEA\LNG Expands US Network with Stabilis Energy

SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of LNG as a marine fuel, has expanded its U.S. membership network with Houston-based Stabilis Energy.

Stabilis Energy provides small-scale LNG production…

Read more

China-Led Consortium Chosen to Build LNG Terminal in Cyprus

A consortium led China Petroleum Pipeline Engineering Corporation (CPPEC) has been selected as the preferred bidder for the construction of an LNG terminal at Vassiliko Port in Cyprus.

The consortium, comprising Wilhelmsen Ship Management Limi…

Read more

Ocean Yield Collects USD 125 Mn from Hybrid Bond Issue

Oslo-listed Ocean Yield has completed a new perpetual hybrid callable bond issue of USD 125 million.

The net proceeds from the hybrid bond would be used for general corporate purposes including new investments, according to the company.

The…

Read more

Color Line’s Color Hybrid Named in Norway

The world’s largest plug-in hybrid ship Color Hybrid, built for cruise and ferry company Color Line, was named on August 23 in Sandefjord, Norway.

The vessel started sailing on its route from Sandefjord, Norway to Strömstad, Sweden as of Aug…

Read more

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…

Read more

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…

Read more

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…

Read more

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…

Read more

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…

Read more

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…

Read more

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…

Read more

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.

Read more

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…

Read more

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 …

Read more

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…

Read more

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…

Read more

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…

Read more

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…

Read more

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 …

Read more

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…

Read more

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…

Read more

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…

Read more

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…

Read more

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…

Read more

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…

Read more

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…

Read more