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.: 1-Jul-2019 :. Search News
Displaying 1 to 14 of Records.
Page 1 of 1
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MPA Suspended Inter-Pacific s Bunker Craft Operator Licence
The Maritime and Port Authority of Singapore (MPA) has temporarily suspended the bunker craft operator licence of Inter-Pacific Petroleum Pte Ltd.
The authority informed that the move was made following an enforcement check on a bunker tanker operated by Inter-Pacific.
The licence was suspended with effect from June 27, 2019, until further notice.
During the period of the licence suspension, Inter-Pacific is not allowed to operate as a bunker craft operator in the Port of Singapore.
The suspension is the latest action undertaken by the MPA, that oversees the world s largest bunkering and marine fuel trading hub.
In early May, MPA Singapore revoked the bunker craft operator licence of Southernpec (Singapore) Pte Ltd as the company engaged in a bunker malpractice involving the use of a magnet during a bunkering operation.
The company had also failed to inform MPA on the appointment of its cargo officers to work on all the bunker craft operated by Southernpec.
The authority earlier launched an investigation to see whether Southernpec breached the terms of a bunker supplier licence issued by MPA.

Posted On:1-Jul-2019



Odfjell Names Two Next Generation Chemical Tankers
Norwegian shipping and tank terminal company Odfjell held a naming ceremony for its next generation chemical tanker duo at the Hudong-Zhonghua shipyard in China on July 1.
The ceremony marks a milestone in Odfjell s most extensive fleet renewal program related to the four new 49,000 dwt stainless steel chemical tankers, out of a total order of six vessels. Other measures included pool cooperation, redelivery of older tonnage and chartering of new ships.
The first of the new chemical tankers is expected to enter the fleet in late July, with the next three being delivered successively at three-month intervals.
Following delivery to the fleet, these vessels will be the world s largest stainless steel chemical tankers, according to Odfjell.
The company explained that the four newbuilds are tailor-made for its core objective - to transport and handle each of the unique chemicals in the safest, most efficient, eco-friendly way. Over the years, Odfjell has done extensive in-house research and made heavy investments to reduce emissions, resulting in a solid 30% increase in energy efficiency since 2009.
"We are very excited about this design, which will significantly lower our unit cost while at the same time reducing our environmental footprint," Kristian Morch, Odfjell CEO, said.

Posted On:1-Jul-2019



K Line, Partners to Form New JV Shipping Company
Japanese shipping major K Line has partnered up with Taiwan Power Company (Taipower), U-Ming Marine Transport Corporation (U-Ming) and Kuang Ming Shipping Corporation to set up a new joint venture company.
Under a Memorandum of Understanding (MoU), signed between the parties on July 1 in Taipei, Taiwan, the shipping joint venture will own both coal and LNG carriers, and operate them for transporting raw materials to Taipower.
The new company, yet to be named, is planned to be established in October 2020 with a capital of TWD 1 billion (USD 32.3 million).
Taipower would own the majority stake in the company with 40%, while U-Ming, Kuang Ming and K Line would hold 32.5%, 20% and 7.5% respectively.
"We will devote ourselves to contribute to the safety of Taiwan s energy requirements by providing our many years of accumulated know-how in ship management and safe ship operations to this new joint venture," K Line said.

Posted On:1-Jul-2019



DP World Acquires Topaz in USD 1.1 Bn Deal
Dubai-based global port operator DP World has ventured into the energy segment with the acquisition of Topaz Energy and Marine Limited.
The company acquired Topaz from Renaissance Services SAOG and Standard Chartered Private Equity / Affirma Capital for an enterprise value of USD 1,079 million.
The provider of critical marine logistics and solutions to the global energy industry operates a fleet of 117 vessels, predominantly in the Caspian Sea, MENA, and West Africa regions.
Topaz had a contract backlog of USD 1.6 billion as of March 31, 2019, which far exceeds industry benchmarks, according to DP World.
For the major port operator, the transaction supports its objective of increasing the company’s presence in the global logistics and marine services industry.
"In recent years, we have been investing selectively in the marine logistics sector in companies with high revenue visibility, consistent track record and strong customer relationships, and this acquisition complements the operations of our P&O Maritime Services (POMS), which maintains over 300 vessels globally," Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said.
"Furthermore, this new partnership opens the door for DP World to participate more extensively in new business areas including increasing transit volumes through Azerbaijan under the East-West trade corridor."

Posted On:1-Jul-2019



HMM to Join THE Alliance as a Full Member
South Korean container shipping major Hyundai Merchant Marine (HMM) will join THE Alliance as a full member.
In addition, the members of THE Alliance have also decided to renew their cooperation and to extend the duration of the partnership for ten years until 2030.
The corresponding documents were endorsed in Taipei on June 19, 2019. Subject to the necessary regulatory approvals, the new contract between the four lines will officially start on April 1, 2020.
"HMM is a great fit for THE Alliance as they will provide a number of new and modern vessels, which will help us to deliver better quality and be more efficient - and it will help us also to further reduce our emissions," Rolf Habben Jansen, CEO of Hapag-Lloyd, said.
HMM has ordered twelve 23,000 TEU vessels which will be delivered in the second quarter of 2020. Additionally, eight 15,000 TEU newbuildings will join HMM s fleet in the second quarter of 2021.
HMM s 23,000 TEU newbuildings will be deployed in the Far East – North Europe trade and will further strengthen THE Alliance s service portfolio.
The addition to the membership will significantly strengthen the competitiveness of THE Alliance towards the other two alliances - especially on the Trans-Pacific trades, according to the parties.
"Being a full member of THE Alliance gives us a lot of pride. We are convinced that we will be successful and generate additional value for our customers, employees and shareholders with combined experience, strategic skills, competitive fleet and strong focus on our clients needs," Jae-hoon Bae, President and CEO of HMM, said.
Hyundai Merchant Marine is currently tied to a cooperation deal with the 2M carriers, Maersk Line and MSC. The three containership majors signed the strategic cooperation agreement in March 2017, which has a length of three years.

Posted On:1-Jul-2019



Tufton Oceanic Adds Containership to Its Fleet
UK s fund management company Tufton Oceanic Assets Limited has reached an agreement to acquire a containership for USD 23.6 million.
The boxship has a time charter of around 5.5 years to a major container line.
Tufton Oceanic has also committed to invest USD 4.7 million to upgrade the vessel under the terms of the charter.
The yield exceeds the targets expressed in the company s prospectus dated September 25, 2018, according to Tufton Oceanic.
This acquisition will boost the company s fleet to fifteen vessels and increase the average charter length across the portfolio to 3.5 years.
The purchase is the third investment made from the proceeds of the placing announced on March 11, 2019 and, following completion of this acquisition and taking account of the required investment to upgrade the vessel, Tufton Oceanic will have invested some 85% of the net proceeds from the placing.

Posted On:1-Jul-2019



COSCO Shipping Lines Chooses Valmet Scrubbers for 10 Boxships
China s COSCO Shipping Lines has selected Finnish company Valmet to supply scrubbers for ten COSCO containerships.
As informed, the exhaust gas cleaning systems (EGCSs) will be installed on board the company s existing vessels in China in 2019.
The project is implemented in cooperation with Health Lead Development.
The value of the order has not been disclosed.
"The scrubber systems can be installed to a single-island container vessel without losing any cargo capacity," Shijie Wang, Senior Sales Manager, Pulp and Energy business line, Marine Scrubber Systems, Valmet, said.
He added that the systems will be installed before the upcoming International Maritime Organization (IMO) sulphur cap, scheduled to enter into force in January 2020.
The scrubbers "will enable the use of higher sulphur oil, which is cheaper compared to using lower sulphur oil," Wang explained.
Specifically, the scrubber system delivery for COSCO will include an open loop scrubber system for main engine and generator engines including auxiliary systems and automation.
According to Valmet, the exhaust gas is washed with seawater in open loop mode. All emissions are continuously monitored, and the complete exhaust gas scrubber system is controlled with Valmet’s marine automation, Valmet DNA.
Based in Espoo, Finland, Valmet is a developer and supplier of process technologies, automation and services for the pulp, paper and energy industries.
COSCO Shipping Lines, part of COSCO Shipping Group, is engaged in domestic and international maritime container transport services and related business. At the end of 2018, the company had a total of 376 container vessels, with a total capacity of 2.1 million TEUs.

Posted On:1-Jul-2019



Container ship heavily damaged by fire, Surabaya
Container ship PERSADA X caught fire early in the morning Jun 29 at Tanjung Perak port, Surabaya, East Java. The ship judging from photos, was heavily damaged, superstructure and engine room burned out. No injures reported. Fire was extinguished in some 5 hours by shore fire teams, there were no people on board. PERSADA X is understood to be in a lay-up since March 2017.

Posted On:1-Jul-2019



Grimaldi s ro-ro in record cocaine bust.
Senegalese Customs officers announced record cocaine bust on Jun 30, after they found 750 kilo of pure cocaine hidden in 15 Renault brand new cars, on board of Grimaldi s ro-ro GRANDE NIGERIA in Dakar, Senegal. The ship arrived at Dakar on Jun 24 from Paranagua Brazil. 4 cars with cocaine bags hidden inside were bound for Hamburg, 11 for Tema Ghana.

Posted On:1-Jul-2019



Container ship lost 43 containers in Bangladesh waters
Container ship KSL GLADIATOR lost 43 containers overboard in the morning Jun 30 in Hatiya Channel, Bangladesh, being caught in rough weather, according to local media. The ship was en route from Chittagong to Pangaon, Dhaka, Meghna river. No information yet on type of cargoes in containers. At least part of lost containers reported to be afloat, drifting in the area and hampering navigation.

Posted On:1-Jul-2019



General cargo ship BBC OREGON grounding, Newfoundland
General cargo ship BBC OREGON ran aground shortly after unmooring at Bay Bulls Harbor, Newfoundland, Canada, in the afternoon LT Jun 30, reported local news vocm.com. The ship was refloated with the help of tug same day, and brought to anchor in harbor. As of 0230 UTC Jul 1, she was still at anchor. No reports on damages yet.

Posted On:1-Jul-2019



Tema Port expansion opens for shipping business
The first phase of the Terminal Three project of Tema Port has been formally opened for shipping business.
This follows successful tests and simulation exercises of the project by the Meridian Port Services Limited (MPS).At a short ceremony in Tema on June 28, this year, the construction team handed over a symbolic key to the project transition team who then handed it over to the operations team of MPS.

Posted On:1-Jul-2019



Credits: www.bunkerportsnews.com

Communication And Collaboration Key To Short Sea Success
Short sea shipping has a lot to be optimistic about - provided it can stay competitive by maintaining an air of communication and collaboration.
That was the take home message from this year s Coastlink conference, the pan-European network dedicated to the promotion of short sea and feeder container shipping.

Posted On:1-Jul-2019



Credits: www.bunkerportsnews.com

New Opportunities for Port Infrastructure Investment
Earlier this month, the U.S. Department of Transportation (DOT) announced a Notice of Funding Opportunity (NOFO) to apply for $292.7 million in discretionary grant funding through the newly established Port Infrastructure Development Program (PIDP). The application deadline for the first

Posted On:1-Jul-2019



Credits: www.bunkerportsnews.com
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