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General cargo ship aground, Adriatic sea
General cargo ship AMIRA JOY ran aground while entering Chioggia Italy, Adriatic sea, in the afternoon Jul 25, veering off fairway. Attempts to refloat the ship with assistance of two port tugs failed. AMIRA JOY arrived from Turkey with cargo of clam shells.Posted On:26-Jul-2019
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YPF Hires Excelerate s Vessel to Export Argentine LNG
Argentine energy company YPF has reached a preliminary agreement with the US-based LNG company Excelerate Energy for the charter of an LNG carrier.
As informed, the 138,034 cbm LNG carrier Excalibur will export LNG from the Tango FLNG unit, located in Bahia Blanca, to the global natural gas market.
Both parties will be executing the final agreement in the coming days, with the objective of starting operations the first week of September.
"We continue progressing in our ambition to add value to Argentine natural gas and to export surpluses during those months of low local consumption, to fully extract the potential as producer and exporter of Argentine natural gas," Marcos Browne, Executive Vice President of Gas and Energy of YPF, commented.
The natural gas, produced mainly from Vaca Muerta, will be processed by the Tango FLNG unit at the "Mega" port in Bahía Blanca, and from there, it will be transported by the 2002-built Excalibur.
The loading of YPF s product to the LNG carrier will be carried out through an operation that will last approximately 45 days.
As part of this agreement, the vessel provided by Excelerate will be in the service to YPF until May 2020. It will be one of two ships that YPF will utilize to transport Argentine LNG to the global market.
YPF commissioned its first cargo in May, achieving a historic milestone, becoming the first Argentine company to export LNG in its history.Posted On:26-Jul-2019
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Chatsworth, Onex Join Forces on Elefsina Shipyards
US-based investment banking firm Chatsworth Securities is partnering up with Greece-based Onex Elefsis Shipyards on investment of about USD 400 million in financially-distressed Elefsina Shipyards.
On July 9, Chatsworth Securities agreed with Onex Elefsis Shipyards to become a shareholder and be the exclusive investment bank for the company s capital needs.
Onex Elefsis Shipyards recently agreed to acquire the second biggest shipyard in Greece, through Greek Bankruptcy Law and rehabilitation plan that is expected to be approved by the Greek courts within 3-6 months.
In addition, the company is working on alternatives with the Greek government and creditors to re-start the shipyard as another company of the Onex Group did in the case of Neorion Syros Shipyards.
As disclosed, the whole deal will exceed the USD 400 million within the next 15 years. It is seen as "the biggest turnaround in the history of Greek shipyards".
"This is a very important cooperation for our group. By joining Onex Elefsis Shipyards, LLC with an economic stake in the company our commitment its success is paramount," Ralph Di Fiore, Managing Partner and one of the four founders of Chatsworth, commented.
"I have a vision to make a global brand that will enhance the business prospects and reputation of Greece as a destination for shipping services and we are very excited for the future," Panos Xenokostas, Onex Shipyards Founder & CEO, said.
"Chatsworth joins our journey and we are very happy about that… Our job is to re-design Greek shipyards that were in decline for decades. That is Phase I in our plans. We started from Neorion in Syros and we continue with Elefsina. Neorion was a game changer in the industry," he addedPosted On:26-Jul-2019
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Total to Develop LNG Import Floating Terminal in Benin
French oil and gas company Total, the Republic of Benin and the Societe Beninoise 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.
The deals also include the supply of up to 0,5 million tons per annum (Mtpa) of regasified LNG from Total’s global portfolio to Benin for 15 years, starting in 2021.
As explained, Total will develop and operate the regasification infrastructure that will comprise a floating storage and re-gasification unit (FSRU) located offshore Benin and an offshore pipeline connection to the existing and planned power plants in Maria Gleta.
"This project is in line with Total s strategy to develop new gas markets by unlocking access to LNG for fast-growing economies. We are very pleased to have been entrusted by the Benin authorities to develop LNG imports and support a broad adoption of natural gas in the country," Laurent Vivier, Senior Vice President Gas at Total, commented.
"Access to LNG will help Benin to meet growing domestic energy demand and add more natural gas to the country’s current energy mix, hence reducing its carbon intensity."
"I congratulate the Total Group on its willingness to support the revitalisation of the energy sector, which is at the heart of the government s Action Plan (PAG)… I would like to highlight the government s efforts to restore Benin s energy independence, which is the foundation of the country s ambitious economic and social development," Dona Jean-Claude Houssou, Minister of Energy of Benin, pointed out.
"The gas import project will supply plants in Benin, such as the new 127 MW power station at Maria Gleta, with imported liquefied natural gas, on preferential terms and will position Benin … as the crossroads for gas and electricity in the subregion," Houssou added.Posted On:26-Jul-2019
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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 designed mainly for seafarers hired outside Japan to make digital settlements with QR codes, international remittances and withdraw cash on a smartphone app.
Collaborating with Accenture and financial services company Citi, NYK plans to form a secure platform which will make the lives of seafarers and their families easier.
By using MarCoPay to receive their salaries and purchase daily supplies on ships, crew members can go cashless on board and send money to their home countries and withdraw cash from ATMs anywhere in the world.
NYK explained that with MarCoPay, the company aimed to contribute to an environment in which foreign seafarers can obtain further favorable conditions for bank loans and insurance coverage with the new electronic money platform.
Believing in MarCoPay s potential to transform into a global platform, the company plans to expand the network in which MarCoPay can be used by shipowners and ship-management companies outside of NYK, continue to add new functions, and collaborate with diverse retailers and service providers.Posted On:26-Jul-2019
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North Sea Port to Get New RoRo Terminal
Turkish logistics company Ekol Logistics and Belgian freight forwarder Transuniverse Forwarding have decided to construct a 40-hectare multimodal site at Kluizendok in Ghent, part of the Dutch-Belgian North Sea Port.
North Sea Port and the two companies have recently signed a letter of intent to develop the new site.Posted On:26-Jul-2019
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OOCL Boxship Giant Hong Kong on Maiden Visit to Namesake City
OOCL Hong Kong, once the world’s largest boxship, arrived at the Port of Hong Kong on July 25 for its maiden visit to the namesake city.
The containership serves the Asia-Europe trade lane on the LL1 service and will head for the Port of Shanghai following the Hong Kong call.Posted On:26-Jul-2019
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US Sanctions Chinese Firm for Buying Iranian Crude Oil
The United States has imposed sanctions on a Chinese oil trading company and its chief executive for buying oil from Iran.
According to a State Department announcement from July 22, Zhuhai Zhenrong Company Limited was sanctioned for knowingly engaging in a significant transaction for the purchase or acquisition of crude oil from Iran.Posted On:26-Jul-2019
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Let experts manage ports to spur growth
Ports that are strategically developed and managed, offer a multitude of advantages that help make a multiplier effect and provide direct financial benefits within the locality as well as indirect or spill-over economic activities that benefit the districts and regions. It is a gateway for socio-economic growth that benefits people, state and nation.
Posted On:26-Jul-2019
Credits: www.bunkerportsnews.com |
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Containers drive throughput growth in port of Rotterdam
The port of Rotterdam achieved throughput of 240.7 million tonnes in the first six months of 2019. That is 3.4% more than in the first six months of 2018. Container throughput, one of the strategic priorities of the Port Authority, rose by 4.8% (in tonnes, +6.4% in TEU) by comparison with the first six months of 2018, which is also a new throughput record. That growth was mainly due to higher import and transhipment volumes.Posted On:26-Jul-2019
Credits: www.bunkerportsnews.com |
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