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Diana Shipping Shrinks Fleet, Sheds Another Panamax
Greek dry bulk owner Diana Shipping has reached an agreement to sell one of its Panamax bulkers to an unaffiliated third party.
Under a Memorandum of Agreement, signed through a separate subsidiary, the company would sell the 2005-built vessel Clio.
The 73,691 dwt ship, scheduled to join its new owner by November 29, 2019, was sold at a price of USD 7.4 million before commissions.
The unit was deployed under a time charter contract with Hong Kong-based Ausca Shipping Limited until November 5, 2019. During the charter, which started in November last year, the unit was earning USD 10,600 per day.
Upon completion of the sale, Diana Shipping s fleet will consist of 42 dry bulk vessels, shrinking the number of Panamax units to fourteen. As of today, the combined carrying capacity of the fleet, including Clio, is around 5.3 million dwt with a weighted average age of 9.46 years.
So far this year, the company sold a number of its Panamax units, namely the 2001-built Danae and Dione, that were disposed of in February, the 2004-built Erato in April, the 2004-built Thetis in June and the 2001-built Nirefs in July.
Titan LNG Conducts 1st LNG Bunkering in Port of IJmuiden
Dutch LNG supplier Titan LNG has completed the first-ever LNG bunkering at the Port of IJmuiden, North Holland.
Carried out in cooperation with the port and the OD IJmond on November 4, the operation included the first bunkering of LNG to the Werkendam, an LNG-powered crane vessel owned by Paans Van Oord.
"This first for the Port of IJmuiden is another important step for LNG bunkering, the port is strategically located for bunkering activities and the operation today further acknowledges our strong track record in LNG bunkering," Jippe van Eijnatten, director business development at Titan LNG, said.
"The permitting process was thorough and in good cooperation with OD IJmond and Port of IJmuiden."
"Having LNG powered vessels work in our port area is great for the local emissions and of course they should be able to bunker as efficient as normal MGO, this LNG bunkering is a great step forward," Margot Michielse of The Omgevingsdienst IJmond/Velsen commented.
The Werkendam is fully powered by LNG, with gas oil as a back-up. The installed tank capacity on the aft deck can store 35 cbm LNG on board. In comparison with diesel, LNG emits 80% less particulate matter and 70% less nitrogen oxides. A CO2 reduction of around 25% is also achieved.
In July this year, Titan LNG also completed the world s largest LNG bunkering to date involving Heerema Marine Contractors new semi-submersible crane vessel. The dual-fuel ship Sleipnir was supplied with LNG offshore Sumatra, South East Asia.
Fire Hits Tanker off Singapore, 18 Crew Evacuated
The Panama-flagged oil and chemical tanker Hoyu was hit by a fire in Singapore’s territorial waters, according to the Maritime and Port Authority of Singapore.
The incident occurred in the afternoon hours of November 7 while the 8,925 dwt unit was some 9.7 nautical miles from Pedra Branca, eastern Singapore Strait.
MPA Singapore informed that the Singapore Civil Defence Force, Singapore Police Coast Guard and the Republic of Singapore Navy deployed vessels to render assistance to the Hoyu crew.
All 18 crew members have been safely evacuated and the fire has been put out.
There were no reports of injury or pollution following the incident, MPA Singapore said, adding that shipping traffic in the area was not affected.
The authority launched an investigation into the matter.
Navios Acquisition Confirms VLCC Sale, Inks Two Charter Deals
Angeliki Frangou-led tanker owner Navios Acquisition has confirmed the sale of a very large crude carrier (VLCC) and unveiled charter contracts for two units in its latest financial report.
Namely, the company said it sold the 2002-built VLCC Nave Electron in early October. The 305,178 dwt unit was purchased by an unaffiliated third party for a price of USD 25.3 million.
Additionally, Navios Acquisition informed that it secured two long-term charter contracts with a major charterer later in October.
The company s 2010-built VLCC Nave Synergy was chartered for 62 - 74 months at charterers option at a net base rate of USD 48,153 per day with profit sharing arrangements. The 2011-built VLCC Nave Buena Suerte will take over the contract when released from existing commitment.
The 2008-built VLCC Nave Photon was chartered to a major charterer for 74 - 86 months at charterers option with delivery between December 2019 and February 2020 at a net base rate of USD 48,153 per day with profit sharing arrangements. The TBN III bareboat chartered-in VLCC will take over the contract upon delivery in the third quarter 2021, the company noted.
During the third quarter ended September 30, 2019, Navios Acquisition reported a revenue of USD 59 million, reflecting an increase of 42% compared to USD 41.6 million for the same period of 2018.
Net loss for the third quarter amounted to USD 56.4 million as compared to USD 23.4 million loss for the same period of 2018.
Hurtigruten: World s 1st Hybrid Electric-Powered Cruise Ship Named in Antarctica
MS Roald Amundsen, the world s first hybrid electric-powered expedition ship, has been named in Chiriguano Bay on Brabant Island, Antarctica.
"We could not think of a better location than Antarctica to name MS Roald Amundsen," Daniel Skjeldam, chief executive officer of Hurtigruten, commented, adding that the ship is the symbol of a new era in the cruise industry.
MS Roald Amundsen is one of three 15,000-ton hybrid-powered vessels ordered by Norwegian cruise operator Hurtigruten.
Accommodating 530 passengers, the ships are custom built for the Arctic s extreme conditions, with specially designed, ice-strengthened hulls.
Equipped with green technology, MS Roald Amundsen uses large battery packs to support its low-emission engines, reducing CO2 emissions by more than 20 percent.
MS Roald Amundsen made history this summer as the first cruise ship to sail on battery power and became the first hybrid electric-powered ship to transit the Northwest Passage.
After completing the 2019-20 Antarctica season, the newbuild will spend the 2020 summer season in Alaska.
The second hybrid electric-powered expedition ship, MS Fridtjof Nansen, is expected to join the fleet in 2020, while the yet-to-be-named third ship is planned to be delivered in 2021.
MOL: First LNG Bunkering Completed at Japanese Port of Nagoya
Japanese shipping company Mitsui O.S.K. Lines (MOL) and compatriot gas company Toho Gas have completed the first-ever LNG bunkering in the Port of Nagoya.
The duo conducted a demonstration test to supply LNG to the LNG-fueled tugboat Ishin in the abovementioned port.
As informed, the test confirmed that LNG can be safely supplied to vessels at the Port of Nagoya.
LNG was transported via truck from the Toho Gas Chita-Midorihama LNG Terminal and supplied with a truck-to-ship system to Ishin, berthed at the Port of Nagoya s Garden Pier.
Also cooperating in the demonstration test were Niyac Corporation, MOL Marine and Nihon-Tug-Boat.
"Based on the findings of the demonstration test, Toho Gas and MOL will continue working to reduce the environmental impact of the maritime industry by promoting the use of LNG fuel by vessels calling at the Port of Nagoya," MOL said in a statement.
Back in January 2018, MOL ordered the LNG-fueled tugboat from Kanagawa Dockyard. Ishin was delivered in late February this year and started operating as the first LNG-powered tug serving Osaka Bay.
Wartsila, PSA Marine Move Forward with IntelliTug Project
The technology group Wartsila and terminal towage operator PSA Marine have achieved a breakthrough in IntelliTug, a project which aims to develop a harbor tug with autonomous navigation.
Following the successful installation of a first-of-its-kind dynamic positioning (DP) system onboard the harbor tug PSA Polaris, trials are now being carried out in the Port of Singapore under real-world conditions.
NCL Delivers Solid Quarter Despite Hurricane Dorian Impacts
Miami-based Norwegian Cruise Line Holdings noted that third quarter revenue outperformance pushed its earnings above expectations despite impacts from Hurricane Dorian.
For the period ended September 30, 2019, the company generated GAAP net income of USD 450.6 million compared to USD 470.4 million reported a year earlier. The result includes a USD 0.06 per share impact from voyage cancellations, itinerary modifications and relief efforts related to Hurricane Dorian.
Adequate measures in place for ports safety
The security and safety of ports, shipping and maritime were highlighted at a session held yesterday at the Silk Road Exhibition & One Belt, One Road Conference running at Doha Exhibition and Convention Center (DECC).
The panelists asked the management of ports and other stakeholders to take extra precautions by training their employees to ensure safety and security of ports and maritime operation because it is a global matter.
Navis Smart Suite of Applications Streamlines Delivery of New Functionality
Navis, a part of Cargotec Corporation, and the provider of operational technologies and services that unlock greater performance and efficiency for the world s leading organizations across the shipping supply chain, today announced the launch of Navis Smart Suite - a set of applications to digitize planning & execution for terminal operations. These Navis Smart applications are available by subscription to N4 customers who are interested in leveraging data to improve operations in and around the terminal.
Shipping lines encouraged to bring ease to doing business in Ghana s ports
Ghana went down by four places to 118 in the latest World Bank ease of doing business ranking. The country dropped from 114 in 2019 to 118 in 2020 for the World Bank flagship publication on the ease of doing business among 190 economies.
In efforts to access easy and cost effective ways of doing business at Ghana s Ports, Eye on Port this week engaged experts from major stakeholder agencies in the port trade to access the role of the shipping lines and their impact on cost efficiency and ease of doing business.
Port of Durban welcomes first vessel on new MIAX service
This week Transnet National Ports Authority (TNPA) and Transnet Ports Terminals (TPT), through the Port of Durban, welcomed the first vessel to arrive at the port on the new MIAX (Middle East-India-Africa Express) service recently introduced by Hapag-Lloyd and its alliance partner, Ocean Network Express (ONE).