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120 containers lost in East China sea, 1 ship sank during typhoon Lingling passage
Container ship XIN OU 21 developed a heavy stb list on the night Sep 5 off Zhoushan, while en route to Rizhao, 72 containers were lost. The ship understood to be safe, anchored N of Zhoushan.
The main headache for authorities now is the recovery of dozens of containers and their content, floating in the sea and scattered around coastline. Recovery operation under way, all ships navigating in the area are warned on floating containers danger.
General cargo ship JI SHUN 16
Cargo ship sank, dozens of containers afloat nearby UPDATE
Sep 6 news: General cargo ship JI SHUN 16 on Sep 6 reported sank in vicinity 30 11N 122 29E, 20 nm NE of Zhoushan, China, East China sea. 46 containers spotted drifting in vicinity 30 11N 122 37E, though containers may fall from another ship.Posted On:10-Sep-2019
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Mexico Finds Cocaine Aboard Bulker in Altamira
Mexican authorities have found two packages of drugs aboard a bulk carrier in the port of Altamira.
According to a statement from the Mexican naval forces, the packages allegedly containing cocaine were found aboard the Cyprus-flagged general cargo vessel UBC Tokyo.
The 37,900 dwt ship arrived at the port of Altamira on September 5 from Colombia’s Barranquilla port. Upon arrival, the vessel was inspected and the authorities located the drugs in the bulk carrier s cargo hold that was loaded with iron ore.
Initial reports suggest that the packages contained around 49 kilograms of cocaine.
Naval teams continued supervising the discharge of the ship s cargo in order to rule out the possibility of more hidden packages.Posted On:10-Sep-2019
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Oman Shipping Company Welcomes New Ultramax to Its Fleet
Muscat-based Oman Shipping Company (OSC) held a naming ceremony for its newest dry bulk carrier, the Jabal Shams, on September 9.
Built at China s Changhong International Shipyard, the 63,500 dwt vessel was officially handed over to OSC, a member of the ASYAD Group.
The Jabal Shams is one of four Ultramax bulkers scheduled for delivery to the company in 2019, joining a fleet of over 50 world-class vessels including LNG carriers, LPG carriers, VLCCs, tankers, VLOCs, dry cagro, and container ships.
The ceremony follows the naming and delivery of Jabal Shams sister vessel, the Jabal Almisht, in Zhoushan in August.
"The delivery of the Jabal Shams and Jabal Almisht is part of OSC Dry Cargo expansion program that will enhance our position in the segment as a key shipping provider for GCC and global markets. Both vessels will be operating under long-term cargo contracts," Michael Jorgensen, OSC s Acting Chief Executive Officer, said.Posted On:10-Sep-2019
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Short Sea, US Lines Drive CMA CGM s Volumes Up
French shipping major CMA CGM has reported a strong growth in its volumes in the second quarter of 2019, despite an uncertain worldwide geopolitical environment.
The company said that its shipping business remained strong in the second quarter, with significant improvement in volumes carried and in profitability, enabling the shipping activity to post a positive net result.
In the second quarter, volumes transported by CMA CGM increased by 6.3% compared to the second quarter of 2018 and by 6.8% compared to the first quarter of 2019. This positive trend, which is above market, is driven by the strong growth of intra-regional lines (short sea) and the United States lines, which remain particularly dynamic, the company said.
Second-quarter revenue stood at USD 7.7 billion, a year-on-year increase of 35%. The activity of the group s maritime division has particularly benefited from the dynamisms of its intraregional lines and has posted a growth in volumes above global market growth.
Adjusted EBITDA came to USD 954 million for the period, of which USD 464 million from the impact of applying IFRS 16 and USD 147 million from the consolidation of CEVA Logistics. Excluding these two factors, adjusted EBITDA was up by a strong 60.1% year-on-year, at USD 343.6 million versus USD 214.6 million in second quarter 2018. This performance reflected both the sustained growth in revenue and the impact of the performance improvement and cost control plan under way since the beginning of the year.
"In a context of geopolitical uncertainty, the CMA CGM Group continues to focus its efforts on operational efficiency, cost control and the rationalization of its industrial activities and brands. In addition, the positive momentum generated by the acquisition of CEVA Logistics will gradually enable the group to benefit from a less volatile and more diversified environment than the maritime sector," according to the company.
CMA CGM expressed confidence in the second half of 2019, "which should be better than the first one."Posted On:10-Sep-2019
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Oldendorff Capesize Suffers Engine Failure in Singapore
The Oldendorff Carriers-owned Capesize Helena Oldendorff is said to be undergoing repairs in Singapore after suffering an engine failure.
The 209,200 dwt ship was en route to Qingdao, China, and is understood to be fully loaded with iron ore from Guaiba Island, Brazil.
According to VesselsValue, the ship lost power on August 26 and had to be towed to an anchorage for repairs.
The Environmental Protection Alliance (EPA) said on September 5 that the ship experienced a failure in its scrubber systems, resulting in the flooding in exhaust lines and the main engine of the ship.
According to the organization, the scrubber failure and the flooded engine room caused the ship to lose propulsion in one of the busiest areas for maritime traffic in the world.
It is understood that iron ore from Brazilian mining company Vale is still on board the 2016-built Capesize.
World Maritime News has reached out to Oldendorff Carriers for an update on the ship s status but is yet to receive a response.Posted On:10-Sep-2019
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Concordia Maritime Reels In USD 5 Mn for IMOIIMAX Success
Swedish tanker owner Concordia Maritime is to receive a payment of USD 5 million related to its IMOIIMAX tankers.
The amount is based on the cooperation between Stena Bulk and Concordia Maritime related to the IMOIIMAX concept.
The company explained that the payment is "a consequence of the commercial successes of the IMOIIMAX fleet since delivery."
Expected to be made during the third quarter of 2019, the payment would be reported as other income.
During the second quarter ended June 30, 2019, Concordia Maritime reported an operating loss of SEK 7.8 million (USD 0.8 million), against an operating loss of SEK 55.5 million (USD 5.7 million) seen in the same period a year earlier.
"Developments during the second quarter were largely as we expected - namely, weak but still stronger than the corresponding quarter the previous year. Among the reasons were OPEC s production cuts, extended seasonal maintenance of refineries prior to IMO 2020 and extensive deliveries of new vessels."
During the first half of 2019, the tanker markets produced voyage result per day levels that exceeded the corresponding period in the slump year 2018 by 50-100 percent.
"Our view of market development going forward is largely unchanged. Several factors still point to a gradually stronger market in autumn," the company noted.Posted On:10-Sep-2019
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Two Crew Killed on Tanker off Dutch Caribbean
Two Filipino sailors have reportedly been stabbed to death aboard an Italian-flagged tanker off the coast of the Caribbean island of St. Eustatius.
The incident was reported to local authorities and the Caribbean Netherlands Police Force KPCN Forensic Department, along with the Dutch Caribbean Coast Guard, were deployed to investigate the double homicide, according to local reports.Posted On:10-Sep-2019
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Norden Creates Targeted Decarbonization Role
Danish shipping company Dampskibsselskabet Norden A/S revealed plans to further intensify its efforts to drive the shipping industry towards a cleaner future and offer CO2 neutral transportation.
Namely, the company has established a new, dedicated decarbonization position to drive Norden s decarbonization efforts and meet the company s ambitious emission reduction targets.Posted On:10-Sep-2019
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H-Energy to Develop LNG Terminal at India s Kakinada Port
Indian natural gas company H-Energy Global has entered into an agreement for the development of an LNG regasification and reloading terminal at Kakinada Port on India s East Coast.
H-Energy will complete the project under a Port Service Agreement (PSA) signed with Kakinada Seaports Limited (KSPL) through its wholly owned subsidiary East Coast Concessions Private Ltd (ECPL).Posted On:10-Sep-2019
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WA Tidal Project Inspires Development Of National Model
An industry-leading tidal study project carried out by Pilbara Ports Authority, and the resulting Hydroid for the Port of Port Hedland, is supporting the development of a national Hydroid model for Australia.
Pilbara Ports Authority s 2013 tidal study redefined existing depths along the 42km shipping channel. This study resulted in the creation of a Lowest Astronomical Tide Model, or Hydroid, which is unique to the Port of Port Hedland.Posted On:10-Sep-2019
Credits: www.bunkerportsnews.com |
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Ministry objects to new charges for LNG terminal operators
Amid the federal cabinet decision to incentivise future LNG terminals, the Port Qasim Authority (PQA) will charge about $25 million upfront charges each to five potential LNG terminal operators that may increase their re-gasification tariff.
A meeting of the federal cabinet presided over by Prime Minister Imran Khan a few days ago approved a reform programme for oil and gas sector as part of its ease of doing business initiative.Posted On:10-Sep-2019
Credits: www.bunkerportsnews.com |
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DP world logistics partner at the 2019 world energy congress
Global trade enabler DP World and its subsidiary P&O, will be participating in the 24th World Energy Congress (WEC) as the Logistics Partner to the Energy Industry . Attending this event for the first time, DP World will showcase its global experience, capabilities and operations in energy logistics and sustainable mobility. The WEC is the world’s most important global energy event and will be held in the Middle East for the first time.Posted On:10-Sep-2019
Credits: www.bunkerportsnews.com |
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New Report Outlines Policies Needed to Deliver Brexit Freeport Success
A new trade campaign coalition has published a report calling on the Government to grant special economic status to airports and seaports in order to stimulate international investment, reshore manufacturing and ultimately lower prices for consumers in a post-Brexit Britain.Posted On:10-Sep-2019
Credits: www.bunkerportsnews.com |
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