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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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Portugal’s Naval Rocha Expanding into LPG, LNG Upkeep Sector

After completing a range of shipbuilding projects in the first half of the year, Portuguese shipyard Naval Rocha said it would look to bolster its position in the LPG product carrier and small-scale LNG markets.

Previous contracts have involve…

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Port of Oakland Strives for Zero-Emission Future

The US Port of Oakland has approved an air quality plan intended to ‘drastically’ cut diesel and greenhouse gas emissions resulting from the port’s maritime operations.

The plan, called the Seaport Air Quality 2020 and Beyond Plan, was a…

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Part of Front Altair Crew Re-Embarked for Recovery Ops

Crew members of the Front Altair have now either returned home or have re-embarked the vessel to assist with recovery operations and ship-to-ship transfer of cargo, the vessel’s operator Frontline said.

Following the June 13 attack on the ve…

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BDO: Shipping Confidence Slightly Down over Trade War Concerns

Confidence in the shipping industry has fallen marginally over the past three months, mainly due to the ongoing concern over trade wars and increased regulation, according to shipping adviser and accountant BDO.

The latest Shipping Confidence …

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Hunter Inks Deal to Sell One VLCC, in Talks for Shedding Another One

Norwegian investment company Hunter Group has agreed to sell a very large crude carrier (VLCC) to “Far Eastern buyers” for a price of USD 98 million.

The deal is a part of the company’s earlier received offer to sell two of its VLCC newbui…

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ICTSI Croatia invests to expand Rijeka terminal for 20,000 teu vessels

Adriatic Gate Container Terminal (AGCT), the Croatian subsidiary of International Container Terminal Services Inc. (ICTSI) at the Port of Rijeka, is set to realise a comprehensive expansion plan in the period up to mid-2020.

In March 2011, ICT…

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Panama Canal to Modify Its Tolls Structure

The Panama Canal has released a proposal to modify its current tolls structure with an “aim to better serve the global maritime industry,” according to Jorge L. Quijano, the canal Administrator.

The move marks the beginning of a 30-day for…

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Female Captain to Take Helm of Virgin Voyages’ Scarlet Lady

Virgin Voyages’ new 110,000 gross tons cruise ship, the Scarlet Lady, will be led by Captain Wendy Williams from the spring of 2020.

Williams is the first Canadian woman to captain a ship for a major cruise brand, according to the company.

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Oil Tankers Attacked Again in Gulf of Oman, Raising Fears of Wider Conflict

LONDON - Two oil tankers came under attack on Thursday in the Gulf of Oman, forcing their crews to abandon ship and setting at least one of them ablaze, a month after four tankers were damaged in the same waterway, a vital thoroughfare for much o…

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Egypt Opens New Multipurpose Terminal at Damietta Port

Egypt’s Damietta Port Authority has inaugurated a new multipurpose terminal at an investment cost of EGP 1.36 billion (USD 81.3 million).

The terminal includes a 630-meter-long, 17-meter-deep berth and is equipped with a backyard area of 50,…

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Finland Inaugurates Biggest LNG Terminal in the Nordics

The biggest liquefied natural gas (LNG) terminal in the Nordics was opened in Röyttä Harbour, Tornio, Finland, on June 11.

Tornio Manga LNG receiving terminal answers to the growing demand for low emission LNG and strengthens LNG’s security …

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Three Missing After Tanker Blast in Russian Port

MOSCOW, June 11 (Reuters) – Three people were missing and two injured on Tuesday after a blast on an oil tanker caused a fire while it was pumping oil in the southern Russian port of Makhachkala, Russia’s Transport Ministry said.

The port …

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Shell Ships Long-Awaited First LNG Cargo from Prelude

The long-awaited first cargo of liquefied natural gas was shipped from Shell’s Prelude floating LNG facility off northwest Australia on June 10.

The Spain-flagged LNG tanker Valencia Knutsen loaded the cargo from the FLNG, located 475 km Nor…

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PSA Eyes Smart Grid Technology for Pasir Panjang Terminal

Singapore-based port operator PSA International is looking to reduce energy use and carbon footprint at the Pasir Panjang Terminal’s container ports.

Under a partnership with the Energy Market Authority (EMA), the parties would transform PSA…

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Sweden’s New Freight Port Taking Shape

Construction of Sweden’s new freight port at Stockholm Norvik Port has reached a new milestone with the completion of its 450-meter container quay.

The project has now moved on to the next phase in which crane tracks are being laid, bollards…

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EU Funds Autonomous Shipping Initiative for European Waters

The European Commission revealed a new funding for an autonomous shipping initiative for the European waters.

Under the project titled Autoship, two remote and autonomous (R&A) vessels would be built and operated, along with their needed shore…

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IMO to Take Different Approach on STCW White List Process

The International Maritime Organization has agreed to re-approach its listing process for the STCW Convention’s White List.

According to the South African Maritime Safety Authority (SAMSA), the IMO agreed to re-approach the process following…

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Japan’s peak refinery turnarounds slow exports

The arrival of the peak refinery turnaround season in Japan is prompting a slowdown in exports of gasoil and gasoline from the country, and could potentially create opportunities for oil products to flow into the Asian consumer as the arbitrage w…

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China’s crude oil imports from Saudi Arabia up 43%

China’s crude oil imports from Saudi Arabia rose 43 percent in April, making the Middle Eastern OPEC kingpin once again the top supplier to the world’s second-biggest economy, boosted by demand from new private refiners.

Saudi imports grew…

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Latest China Tariffs Negatively Impact LNG Sectors

China’s hike in tariffs on US imports and the continued trade tensions between the two countries will negatively affect liquefied natural gas (LNG) and port sectors, according to rating agency Moody’s.

On May 13, China announced an increas…

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Panama Canal Step Closer to Carbon Neutral Future

The Panama Canal Authority (ACP) has announced improvements to its Green Connection Environmental Recognition Program which recognizes vessels that comply with the highest environmental performance standards.

The announcement was made on the h…

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Shipowners from Around the World Can Now Join UK Flag

The UK Ship Register (UKSR) has decided to expand its ownership eligibility, allowing more shipping companies from around the world to flag to the UK.

As informed, the criteria has been widened beyond the current areas of the UK and Europe to …

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European Ports Support Call for Harmonized Action

European Sea Ports Organisation (ESPO) has voiced its support for EU proposal to discuss a harmonized approach on scrubbers at the International Maritime Organization (IMO) level.

IMO Marine Environment Protection Committee (MEPC 74), which is…

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Cautious Progress of Dutch Maritime Technology Sector

The Dutch maritime technology sector, which consists of over 100 yards and 800 maritime suppliers, saw its activity rise slightly in 2018.

Total turnover increased to EUR 7.3 billion (USD 8.1 million), some EUR 400 million more than in 2017, a…

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Iftar ceremony for students & businessmen held in Istanbul

Palmali Holding has been loyal to its tradition this year too. The Company held a traditional Iftar ceremony for Azerbaijani students, Turkish and Azerbaijani businessmen in Istanbul, Turkey.

Hundreds of Azerbaijani students and businessmen, wel…

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Gibraltar LNG Terminal Officially Opens

A new liquefied natural gas (LNG) regasification terminal that was recently completed by Shell and Gasnor was officially opened in Gibraltar on May 6.

The terminal, which will be operated by Shell’s Gasnor subsidiary under an agreement with Gi…

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Rotterdam, Guangzhou Become Sister Ports

On May 7, 2019, representatives of the Port of Rotterdam Authority and Guangzhou Port Authority signed a partnership agreement in the Chinese port. 

The agreement was inked within the International Association of Ports and Harbors (IAPH) Guan…

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Shell Plans More VLSF Trials with Shipowners

Oil major Shell has undertaken 19 trials of its 0.5% sulphur fuel with shipowners at key ports globally ahead of the IMO 2020 sulphur cap implementation date.

The company said that all trials have shown that, with the correct preparation, “the…

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Malta Becomes Newest Hong Kong Convention Member

The International Maritime Organization’s treaty for safe and environmentally-sound ship recycling welcomed its twelfth member as Malta acceded to the Hong Kong Convention.

Victor Camilleri, Permanent Representative of Malta to IMO, met IMO …

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Britain Is Brimming With Natural Gas

Britain’s appetite for natural gas usually declines in the summer, but this season is different with a record number of LNG tankers due to land this month.

The incoming cargoes show no sign of slowing, and will keep the pressure on benchmark…

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Container volumes up 25 percent at Ports of Stockholm

Container traffic at Ports of Stockholm is rising and soon the new freight port, the Stockholm Norvik Port, will be ready to welcome more and larger container vessels to the growing Stockholm region.

During the first quarter of 2019 container …

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Europe to continue to absorb excess LNG volumes

Europe will continue to absorb surplus LNG on the global market through 2019 as the market remains oversupplied, BP CFO Brian Gilvary said Tuesday.

Speaking to analysts after BP released its first-quarter earnings, Gilvary also said that the c…

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Scholarship Program for 2019-2020 Academic Year

Palmali Holding is pleased to announce the continuation of its scholarship program to support and encourage 100 Azerbaijani students that study in Turkey.

These awards will be made for the 2019 – 2020 academic year through the Palmali Holding.…

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Social Media Campaign Held in Istanbul, Turkey

The International Social Media Campaign "Share for Khojaly" has been held in Istanbul by Palmali Holding, Istanbul University and New Age Media Group on the occasion of the Khojaly genocide commemoration.

The campaign which held at Istanbul Un…

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"Share for Khojaly" - Social Media Campaign

Palmali Holding will host the International Social Media Campaign "Share for Khojaly", dedicated to the memory of the Khojaly genocide. The campaign will take place at the Istanbul University in four languages (English, Turkish, Russian and Frenc…

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20th Anniversary of Palmali Holding Held in Istanbul, Turkey

Founded in 1998, the world's leading maritime transportation company, Palmali Holding, has completed its 20th year in Turkey.

All operations centers of Palmali, according to the decision of the company, will be condensate in Turkey as of Janua…

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