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Articles : "ship management"

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 coalition marks the climbing interest in LNG as a commerc…

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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 that it can see increasing demand for areas with …

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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 comprises 22 member states dedicated to the explo…

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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 carried via the sea. It remains, according to the…

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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 be reduced to 0.50 per cent m/m (mass by mass) fr…

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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 at the beginning of July.

The vessels were des…

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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 opening in 1914, the expanded canal recorded over 6,000…

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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 Shipping (CMES), in a ceremony at the shipyard on …

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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 and worldwide regulatory risks, Moody’s Investors…

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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 war will be those countries that provide the raw …

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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 Quebec. Featuring almost 15,000 dwt and tanks with a…

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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 is carried by ships that use vast amounts of fuel, …

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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) vessels damaged by limpet mines, raised concerns over…

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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 replace two older TC’s vessels, MV Madeleine and MV H…

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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 involved livestock carriers, polar expedition vessels, an…

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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 approved by port commissioners last week.

The 25…

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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 vessel and a subsequent explosion and fire, that occ…

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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 Survey showed that the average confidence level in…

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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 newbuildings.

Hunter added it was still in advanced…

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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, ICTSI inked 30-year strategic partnership with Luka R…

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