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Articles : "shipping"

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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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 formal consultation period for industry feedback, whi…

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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.

While Virgin Voyages is still in the early stage…

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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 of the world’s oil products.

The attacks escal…

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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 50,000 square meters with anticipated capacity of abo…

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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 of supply in the Northern Nordics.

As explain…

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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 is functioning as normal despite the incident, the…

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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 North East of Broome in Western Australia.

“Today’…

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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’s port operations and help reduce overall energy …

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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 are being fitted and guardrails, barriers and fen…

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