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.: 14-Oct-2019 :. Search News
Displaying 1 to 16 of Records.
Page 1 of 1
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Teekay Inks Hummingbird FPSO Employment Extension
Bermuda-based shipping group Teekay Corporation has entered into an agreement with the Chestnut Joint Venture to extend the employment of the Hummingbird Spirit FPSO unit for three and a half years.
Under the contract with the joint venture between Spirit Energy Ltd. and Dana Petroleum Ltd, Teekay s Hummingbird would continue working on the Chestnut field in the North Sea until March 2023.
This contract extension was undertaken in conjunction with the Chestnut Joint Venture s plan to drill a new well at the field. The new Hummingbird contract took effect on October 1, 2019 and is based on a fixed charter rate instead of the previous fixed charter rate plus oil production/price tariff.
"The new terms of the contract extension are expected to provide more cash flow visibility and stability to the company," Kenneth Hvid, Teekay s President and Chief Executive Officer, said.

Posted On:14-Oct-2019



2020 Bulkers Secures Work for Another Newbuild
Norway-based shipowner 2020 Bulkers has entered into a time charter agreement for one of its Newcastlemax newbuilds with a subsidiary of commodity trading and mining company Glencore.
The ship, Bulk Shanghai, is scheduled for delivery in early November 2019.
The newbuild is the fourth ship that would be handed over to 2020 Bulkers from New Times Shipbuilding in China this year.
Under the latest agreement, the 224,100 cbm bulker will commence an 11-13 month time charter upon delivery. It will earn an index-linked rate, reflecting a significant premium to the Baltic 5TC index, according to 2020 Bulkers.
The time charter also includes a profit sharing of any economic benefit derived from operating the vessel s scrubber, the company added.
In July, the company also agreed time charter agreements for the first three vessels with Koch Supply & Trading, part of Koch Industries.
2020 Bulkers has two Newcastlemax drybulk vessels in operation and six Newcastlemaxes under construction in China. All vessels are expected to be delivered by May 2020 and will be fitted with scrubbers.

Posted On:14-Oct-2019



Golden Ray to Be Disassembled in St. Simons Sound
The capsized car carrier Golden Ray would be disassembling into pieces in order to remove it safely from the site, according to the St. Simons Sound Response.
The Unified Command has completed the lightering of the forward fuel oil tanks onboard the vessel, with more than 225,000 gallons of fuel being removed to date. Lightering of the remaining fuel and lubricant tanks continues.
The officials explained that maritime experts engaged in the response have determined that it is not possible to safely right and refloat the vessel in a fully intact condition. Consequently, Unified Command is developing plans to remove all of the Golden Ray s hull, components, and cargo by disassembling the vessel in place.
Pollution mitigation and response efforts will continue throughout the duration of the removal operation.
The Hyundai Glovis-operated car carrier started listing heavily after it became disabled in early September in St. Simons Sound near Brunswick, Georgia. Of the 24 persons on board, 20 were evacuated immediately while the remaining four were extracted in a subsequent operation. The vessel was carrying about 4,000 cars bound for the Middle East.

Posted On:14-Oct-2019



Wartsila, Norsepower Team Up on Wind Propulsion Services for Shipping
Finnish technology group Wärtsilä has unveiled a service cooperation agreement with compatriot company Norsepower, a provider of auxiliary wind propulsion systems for shipping.
As explained, the deal would enable Norsepower to order service work from Wartsila, while Wartsila can pursue and sell Norsepower Rotor Sail projects with support from Norsepower.
With the growth of Norsepower s manufacturing capacity and the anticipated increasing demand for its Rotor Sails, the collaboration is expected to help Norsepower work at scale and further strengthen customer service offering, according to Wartsila.
The main target sectors include tankers, passenger ferries and cruise ships, as well as dry cargo vessels.
"The industry is transforming and we intend to be at the forefront of this change. We are really enthusiastic about this cooperation with Norsepower… We are now embarking on an exciting journey together, supporting and promoting sustainable technologies for a cleaner future," Stefan Wiik, Vice President, Asset Management Services at Wartsila, commented.
"Due to the rapid rise of demand for modern wind propulsion in shipping, Norsepower Rotor Sails are expected to be installed on multiple vessels in the near future," Jukka Kuuskoski, Norsepower s CSO, said.
"We are … delighted by this partnership agreement, and the ability it gives us to support our customers no matter where they are sailing and operating our technology. It also comes at a time when the global shipping industry is looking for proven and economical solutions to reduce their carbon footprint," he added.
Since being launched in 2014, Norsepower Rotor Sails have been installed on three vessels, resulting in a reduction of their CO2 output by an estimated 5,000 tons.
A fourth installation is already planned for 2020 when Scandlines hybrid passenger ferry Copenhagen will get the Norsepower s technology.

Posted On:14-Oct-2019



Cargo Ship Refloated after Grounding off Dominican Coast
The Tanzanian-flagged singledecker Habib Express, which grounded off the Beata Island in the Dominican Republic in late September, was refloated on October 7.
The cargo ship had been en route from Miami, Florida, to the port of Haina when its bow beached on September 11.
The 2,800 dwt ship was refloated in a multi-agency operation which involved the Dominican Navy, the country s maritime rescue agency and Svitzer Caribbean Dominicana among others.
Habib Express was subsequently escorted to the Port of Cabo Rojo for an evaluation of damages.
AIS data from MarineTraffic indicates that the ship got underway from the Port of Cabo Rojo on October 11 and arrived at the Las Calderas port in the Dominican Republic a day later. The ship is expected to be dry docked there for necessary repairs.

Posted On:14-Oct-2019



Trump Reaches Partial Deal with China, Delays Tariffs
The 18-month trade war between U.S. and China, that dented the economies of both nations, has slowed down as the parties reached a breakthrough deal.
Namely, the U.S. President, Donald Trump, said that the deal with China means that "they will immediately start buying very large quantity of our agricultural product, not wait until the deal is signed over the next 3 or 4 weeks."
On October 11, China agreed to more than double its annual purchases of American agricultural products to as much as USD 50 billion.
In a series of tweets, the President noted that the parties would "finish out the large phase one part of the deal, then head directly into phase two." He added that the initial phase could be finalized and signed soon.
Amid the improvement in the ties between the countries, Trump said that the increase in tariffs from 25% to 30% on $250 billion worth of goods from China, that was scheduled to be implemented on October 15, would not take place as negotiators finalize a tentative trade deal.
The U.S. National Retail Federation welcomed the development, saying that "retailers are encouraged by the progress."
"The decision to delay planned tariff hikes is welcome news to U.S. retailers and consumers heading into the busy holiday shopping season. Although this is a step in the right direction, the uncertainty continues. We urge both sides to stay at the negotiating table with the goal of lifting all tariffs and fundamentally resetting U.S.-China trade relations," Senior Vice President for Government Relations, David French, said.

Posted On:14-Oct-2019



SPII Holdings Finalizes Acquisition of DryShips
SPII Holdings, a company controlled by George Economou, has completed the acquisition of Greek shipping company DryShips.
In the merger, all outstanding shares of common stock, USD 0.01 par value, of DryShips not owned by SPII were converted into the right to receive USD 5.25 per share in cash, without interest.
In connection with the completion of the transaction, DryShips common stock will cease to trade on the Nasdaq Capital Market and will be delisted.
The development comes on the back of a vote undertaken by the Greek shipping company s shareholders last week. The shareholders voted in favor of the proposal to authorize and approve the agreement and plan of merger with SPII Holdings, entered into on August 18, 2019.
Pursuant to the agreement, Sileo Acquisitions, a wholly owned subsidiary of SPII, was merged with and into DryShips. The company continues as the surviving corporation and becomes a wholly owned subsidiary of SPII.

Posted On:14-Oct-2019



PETRONAS Conducts Its 3rd LNG Break-Bulking STS Tansfer
LNG supplier PETRONAS LNG, part of Malaysian oil and gas company Petroliam Nasional Berhad (PETRONAS), recently completed its third delivery of liquefied natural gas cargo through a break-bulking ship-to-ship (STS) transfer to two vessels.
As informed, the LNG break-bulking STS transfer took place in Brunei Bay, Sabah, Malaysia.
The delivering vessel, Seri Bijaksana, transferred 80,000 cbm of LNG cargo to LNG carrier Polar Spirit and 62,000 cbm to Lerici. The two ships then made their separate deliveries to two receiving terminals in China.
The 1993-built Polar Spirit is operated by Bermuda-based Teekay LNG Partners and the 1998-built Lerici by Malaysia s MISC, data provided by VesselsValue shows.
PETRONAS completed its first LNG STS break-bulking operation in June 2018, and the second in April 2019.

Posted On:14-Oct-2019



Freighter Runs Aground off Corsica, France
The 1998-built singledecker Rhodanus ran aground in the Strait of Bonifacio off the French island of Corsica on October 13.
The French maritime authority Premar said the ship did not respond to radio calls before it missed a turning point and headed straight for the coast at full speed.
The 3,000 dwt ship had a crew of seven on board and was transporting 2,650 tons of steel coils from the Italian Port of Taranto to the French Port-Saint-Louis-du-Rhone.
Maritime police have boarded the ship, and authorities have imposed a navigation ban in a one-kilometer radius of the vessel.
No oil spill has been observed following the grounding. Navy and air force assets are present at the nature reserve site and are monitoring the situation.
Officials said the cargo would have to be offloaded before the ship can be refloated.
An investigation into the incident is ongoing.

Posted On:14-Oct-2019



General cargo ship sunk by typhoon, 1 dead 7 missing, Japan
General cargo ship JIA DE sank at around 2320 Tokyo time Oct 12 in front of Kawasaki, Yokohama, Japan, when typhoon HAGIBIS hit the area. Not clear if the ship was anchored or under way. Of 12 crew, 4 were rescued, 1 found dead, 7 are missing. There were three Myanmar nationality, seven Chinese and two Vietnamese crew. Myanmar nationality Master is among rescued.

Posted On:14-Oct-2019



Cargo ship ran aground at full speed, missing turn, Corsica
General cargo ship RHODANUS ran aground on southern coast of Corsica near Bonifacio (see screen), at around 0200 UTC Oct 13, while en route from Taranto Italy to Rhone France. According to local sources and maritime officials, the ship didn t respond to traffic control radio calls, trying to alert the bridge. The ship apparently, missed turning point and headed straight to coast, running aground while at full speed.

Posted On:14-Oct-2019



Damaged Iranian MT SABITI under way leaking oil, spy ship SAVIZ, and other stuff.
Iranian tanker SABITI, taken on Oct 12 or 13, in southern Red sea - tanker damaged by something, rockets or whatever, in starboard fore cargo tanks area (at least two holes can be clearly seen), leaking oil while she sails. As of 1400 UTC Oct 13, tanker stopped off Eritrea coast, Red sea, in anchorage area. General cargo ship SAVIZ (IMO 9167253) was spotted nearby, but she switched off her AIS as soon as she approached SABITI.

Posted On:14-Oct-2019



Hongkong International Terminals, COSCO-HIT Terminals and Asia Container Terminals Promote Safe Driving in the Terminals
Hongkong International Terminals (HIT), COSCO-HIT Terminals (COSCO-HIT) and Asia Container Terminals (ACT) joined hands today to promote driving safety within the terminals at the "Kick-off Ceremony of Terminal Driving Safety Week cum Launching Ceremony of Safety Booklet". To raise the safety awareness of frontline workers and truck drivers, the terminal operators have published a booklet about driving safely in the container yard.

Posted On:14-Oct-2019



Credits: www.bunkerportsnews.com

CML Determines Employment Effects Of German Seaports And Inland Ports
For the German port industry, many locations already have re- liable data for decisions on in- vestments in infrastructure, trai- ning and other areas of regional development policy. In particular, political and administrative decision-makers need figures on employees, turnover and value added in order to be able to plan for the future.

Posted On:14-Oct-2019



Credits: www.bunkerportsnews.com

African port development could break investment logjam
Africa s inefficient ports and harbours have long been a major obstacle to development, but now money is finally being spent on modernising the continent s gateways.
Development economists have often said that Africa’s antiquated trade routes, which date back to colonial times, play a large part in chronic poverty. Raw materials were shipped out, and finished goods trickled in, bought by the rich few who could afford them.

Posted On:14-Oct-2019



Credits: www.bunkerportsnews.com

Cleaner air and climate protection in Port of Hamburg - New shore-based power units for cruise liners and containerships
Hamburg s state government today approved a large-scale expansion of shore-based power supply in the Port of Hamburg. This will make the conditions for a shift from shipboard diesel power supply to ecological electric power during lay times. With this expansion, Hamburg is playing a pioneering role in the field of alternative power supply during ships lay times in port.

Posted On:14-Oct-2019



Credits: www.bunkerportsnews.com
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