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.: 16-Mar-2019 :. Search News
Displaying 1 to 9 of Records.
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GasLog Names SHI-Built LNG Carrier Duo
Greece-based LNG carrier owner and operator GasLog named two new Samsung Heavy Industries-built ships in a ceremony on March 12.
The company s newest vessels were named GasLog Gladstone and GasLog Warsaw.
GasLog Gladstone was delivered to its owners in the same ceremony.
In a social media statement, GasLog said the 174,000 cbm GasLog Gladstone would start a long term charter to Shell following delivery.
The company did not provide additional info on the 180,000m cbm GasLog Warsaw.
According to VesselsValue data, the Bermuda-flagged GasLog Gladstone measures 293 meters in length and has a deadweight of 88,000 tons.
The naming of the carrier duo comes on the heels of a financially record-breaking year for the company in which it reported USD 618.3 million of revenues and a profit of USD 126.4 million.
In 2018, GasLog ordered a total of six new LNG carriers at South Korean Samsung Heavy Industries (SHI) shipyard.

Posted On:16-Mar-2019



ShippingLab: Denmark Wants to Be a Driver of Smart Shipping of the Future
The journey towards Denmark s first autonomous and environmentally-friendly ship started this March with the launch of ShippingLab.
More than 30 partners have established ShippingLab, the ambitious platform for maritime research, development and innovation.
Shipping companies J. Lauritzen, Maersk Tankers, DFDS, Torm and a range of other shipping firms, industrial maritime suppliers, research and technology institutions and universities have formed the partnership, where industry and academia work together with the purpose of solving practical issues to the benefit of society.
The overarching goal of the partnership is to develop Denmark s first autonomous, environmentally friendly ship. The pathway to achieving that goal will also include workstreams on digital ship operation and decarbonization, according to J. Lauritzen.
The workstream on digital ship operation will focus on the development of intelligent solutions, for instance by adopting machine-learning data analytics.
In addition, the workstream on decarbonization will focus on areas such as the electrification of ship propulsion and the use of multiple power sources in a hybrid setup. The goal is to introduce clean tech solutions with low or no carbon footprint, to be used during port stay, for instance.
The partnership is supported by various Danish Funds including the Danish Innovation Fund, the Danish Maritime Fund and Lauritzen Fonden. The project is scheduled to run for three years.
J. Lauritzen is involved in different subgroups of ShippingLab and Senior Vice President, Claus Winther Graugaard, Head of Fleet Management, is a member of the steering committee of the partnership.
"The ShippingLab innovation platform is a fantastic collaboration opportunity for J.Lauritzen and its industry peers to partner up with mutual interest and motivation to identify and apply new clever solutions and technology to a number of use cases," Graugaard said.
"ShippingLab is an enabler for players in The Blue Denmark to accelerate how we compete together against the rest of the world," he added.
The group that has started ShippingLab represents a selection of Blue Denmark - the country s maritime cluster. However, Shipping Lab is not a closed initiative and other organizations can join.

Posted On:16-Mar-2019



59 Iran-Linked Ships Stripped of Panamanian Flag, US DOS Confirms
Panama has revoked the registration of a number of Iranian vessels after the restoration of the US sanctions targeting transportation, oil and banking sectors.
Specifically, the Maritime Authority of Panama (AMP) has removed 59 Iranian-linked ships from its registry, ShareAmerica, the US State Department-run platform said.
The move came after Juan Carlos Varela, Panamanian president, issued a presidential decree last month, allowing the AMP to de-register these vessels.
Out of these vessels, at least 21 Iranian-owned tankers have had their registration revoked, Reuters reported.
The Panamanian ship registry is the largest in the world, with more than 7,000 vessels flying the flag of this country, VesselsValue s data shows. Back in 2016, Iran and Panama reached an agreement to add Iranian tankers to the Panamanian flag - an agreement which has been been dissolved now due to the sanctions.
The new measure is expected to hamper Iranian efforts to ship oil to ports and terminals around the world. Iran has 65 tankers in its fleet, with the majority of them owned by the National Iranian Tanker Company (NITC). Most of them belong to vessels older than ten years, according to VesselsValue.
In order to compete with international counterparts and increase onshore storage capability, Iranian companies have been reportedly exploring ways to increase its tanker fleet by purchases and newbuilding orders. However, the progress on fleet expansion has been slowed down due to the sanctions.
Reimposed in November 2018, the sanctions target Iranian entities, vessels, and individuals and have the ultimate aim of compelling Iran to permanently abandon its outlaw activities.

Posted On:16-Mar-2019



Singapore, Malaysia take steps to defuse tension at ports
Neighbours Singapore and Malaysia took steps toward resolving a dispute over port limits, even as tensions remain over water supply.
The countries agreed on guidelines to prevent more friction, including reverting to earlier territorial borders and refraining from commercial activities or anchoring government vessels in the area, the foreign ministers said in a joint statement in Kuala Lumpur.
"These measures were vital to de-escalate the situation on the ground," they said in the statement.
A deal on the port limits may let them focus on addressing the worsening feud over a decades-old deal for Malaysia to supply raw water to Singapore at 3 sen (1 cent) per 1,000 gallons, a price that s stayed unchanged since a 1962 accord. Singapore said on Wednesday that its neighbour has lost the right to review the water agreement, a day after Malaysia s Foreign Minister Saifuddin Abdullah questioned the kind of English that Singapore used to arrive at the "nonsensical" interpretation of the deal, which is valid through 2061.
Saifuddin referred to a clause in the accord that said the deal is subject to review 25 years after it started, while Singapore maintained that Malaysia missed out on the chance in 1986 and 1987. The countries still have differing views on the matter, after the ministers met on Thursday.
As for the port limits, the countries will set up a committee to make sure both sides follow the guidelines within a month, and start talks to reach eventual agreement on the maritime boundaries another month later. If no deal can be reached by then, they may agree to seek an international third-party dispute settlement.

Posted On:16-Mar-2019



Credits: www.bunkerportsnews.com

Port of Durban developments hit by delays
The Port of Durban is one of the areas affected by the unfolding intrigue of state capture and corruption that has the attention of the country.
Among the latest developments are suspensions, announced on Friday, of four of the topmost executives within the Transnet structure.
These included the chief executive of Transnet National Ports Authority, Shulami Qalinge, who had been in the job for less than two years.
Another top executive on immediate suspension was Ravi Nair, the chief executive at Transnet Freight Rail, Transnet s largest division. Also suspended were group HR officer Nonkululeko Sishi and group chief operating officer Mlamuli Buthelezi.
Transnet said the suspensions were a step towards ensuring improved corporate governance, and restoring public and investor confidence in the state-owned company. It said the suspensions were necessary to aid in investigations into their alleged misconduct, without interference.
The Port of Durban hasn t remained untouched through all the revelations and there are issues that affect the efficient running of the port.
One that affects Durban in particular is the stalled contract to widen and deepen the Durban Container Terminal North Quay. This was supposed to have commenced during the 2016/17 financial year, when Transnet said the North Quay contract would provide three deep water berths to provide DCT Pier 2 with a capacity of 2.9 million TEUs (20 foot container equivalents) on completion in 2022/23. Remember that number.
In December 2016, the then chief executive, Richard Vallihu, announced that the R7 billion tender for the deepening project had been issued.
"The continued investment in infrastructure and modernisation is pivotal in meeting the ever-increasing demands of the maritime industry, in particular the ever-increasing size of container vessels pulling into our ports," he said.
Fast forward to September 11 last year and a joint statement from TNPA and TPT announcing that work on the North Quay widening and deepening was about to begin (some two years beyond schedule).
It had been awarded to CMI Emtateni Joint Venture, an Italian construction company made up of CMC Di Ravenna and a 51% black-owned South African company known as CMI Infrastructure, which is a joint-venture with PG Mavundla Engineering. Others involved included a collective of black-owned women s companies and a consortium Masinya Emtateni Empowerment Group involving five black-owned companies.
Construction was to commence with berth 205 and would be followed by berths 204 and 203.
Advance to November last year when Transnet issued a "stop work" instruction with regard to the contract, within months of it starting. It came not long after the dismissal of Transnet former chief executive Siyabonga Gama amid other questions being asked of Transnet. The company was also provided with unsolicited information from a forensic investigator.
The effect of this is that Durban is again left to make do with berths unable to take ships that are fully laden, which adds up to lost business for the maritime sector. Last year, DCT handled more than 2.9 million TEU.
Another area of the port where there doesn t appear to be any progress is the cruise terminal at the Point. Cape Town s cruise terminal is up and running - here Durban’s is caught up once again in delays and frustration.
The first time tenders were called for, Transnet inexplicably stopped everything and all bidding had to be done all over again. When the current contract was awarded, with much fanfare, the indications were that by now we would see contractors on site. If they are, they are keeping it low profile.

Posted On:16-Mar-2019



Credits: www.bunkerportsnews.com

First shipment reaches India via Chabahar port
The first shipment of 570 tonnes of goods from Afghanistan had arrived in India through the Chabahar Port in Iran this week.
The Afghan goods arrived at the port of Nhava Sheva, Mumbai and Mundra. The goods were flagged off by Afghan President Ashraf Ghani a few days ago along with Indian envoy to Afghanistan Vinay Kumar in the western Afghan city of Zaranj, the capital of Nimroz province bordering Iran.
This is also the first shipment from Afghanistan which came via Transports Internationaux Routiers (TIR) system to India. TIR is a multilateral treaty that allows goods to be sealed in compartments and requires no need for physical checking of the contents. This enables shipments to pass through countries without being opened at borders.
Reacting to the developments, Umberto de Pretto, the general secretary of the International Road Transportation Union said,"The opening of Chabahar Port for TIR is hugely significant - offering connectivity for landlocked countries, seamless border crossing facilitation and inter modal capabilities. "
Chairman of the Central Board of Indirect Taxes & Customs (CBIC) of revenue dept in the Ministry of Finance Pranab Kumar Das said, "enables a facilitative and non-intrusive environment for multi-modal transport of goods through several countries. The convention will help in boosting India’s exports and enable greater participation in the global value chains."
India joined the TIR Convention (the United Nations Customs Convention on International Transport of Goods under cover of TIR Carnets) on 15th June 2017.
In January, India formally established shipping lanes with the Chabahar port and now every 2 weeks Indian ships go from 3 Indian ports-Mumbai, Kandla and Mundra to the port in Iran.
India took over the operations of a part of Shahid Beheshti Port, Chabahar in Iran in December 2018.
New Delhi has been focusing on connecting itself with landlocked Afghanistan for which it started the India-Afghanistan air corridor in 2017 and developed the Chabahar port, which is also central to International North-South Transport (INSTC) Corridor which will connect Mumbai to Moscow.

Posted On:16-Mar-2019



Credits: www.bunkerportsnews.com

ICTSI says sure of going ahead with Port Sudan deal amid gov t review
International Container Terminal Services Inc (ICTSI) said it is certain it will ultimately take over a container terminal at Port Sudan on the Red Sea despite a strike called by employees to protest the transfer of management control.
"Yes, for sure," Christian R. Gonzales, ICTSI Global Corporate Head, told reporters in Manila on Monday, when asked if ICTSI will go ahead with the deal despite a review of the transaction by the Sudanese government.
"Any concession agreement, after you sign the initial contract, will always have a number of conditions subsequent to signing related to labor, impact on the community and other matters related to the stakeholders," Mr. Gonzales said.
In January, ICTSI said that it signed a 20-year concession agreement with Sea Ports Corp. of Sudan (SPC) to operate, manage, and develop the South Port Container Terminal (SPCT) at Port Sudan.
ICTSI is to assume control of operations and development of SPC s container terminal infrastructure and terminal handling equipment, while SPC on the other hand will become the supervising authority and landlord of the terminal.
ICTSI reported a $249.8 million net profit in 2018, up 20%.
On Friday, ICTSI closed at P119.50 per share, up 0.50%.

Posted On:16-Mar-2019



Credits: www.bunkerportsnews.com

60-pct foreign ownership in Sri Lanka shipping, Maersk keen on East Terminal
Sri Lanka will raise foreign ownership in ship agencies to 60 percent in the first stage of liberalization with officials from Maersk coming for talks soon on bidding for a new port terminal, the investment promotion agency said.
Minister of Development Strategies and International Trade Malik Samarawickrama has told European Union officials that Sri Lanka was going ahead with liberalizing the shipping sector, a Board of Investment statement said.
"In the first stage foreigners will be permitted to own 60 percent of the shipping companies," it said.
"This was very important to build up confidence in the European Union for Sri Lanka."
It also would help significantly in attracting Foreign Direct Investment inflows to the country.
The government has said it plans to lift the 40 percent foreign ownership restriction on shipping agencies.
The BOI said a number of important decisions were taken the 8th EU- Sri Lanka investor dialogue where the liberalization of the shipping sector was discussed.
"It was decided by the Minister that a high level meeting with the EU side and the Minister of Ports Shipping, Finance and International and representatives of Maersk would discuss the bidding process for the East Terminal.
"The EU would monitor the implementation of the decision by Sri Lanka to allow 60 percent ownership of shipping line in Sri Lanka."
Work on completing the East Terminal of the new Colombo South Harbour has been stalled for several years with the shipping industry warning that it was urgently needed as the port was nearing full capacity.

Posted On:16-Mar-2019



Credits: www.bunkerportsnews.com

UK s Number 1 Scallop Port Welcomes Home Registered Vessel
The fishing vessel Flowing Stream has recently chosen a new home at Shoreham Port following a significant refit that began in the spring of 2018. Originally built in the year 2000, the vessel was flagged in from Belgium where it was previously registered to be renovated and renewed to bring it up to new vessel standards. Flowing Stream will join a long line of fishing vessels registered at Shoreham Port that date back to the 13th Century.
Flowing Stream is one of the many scalloping vessels that regularly land in the Port each year, with the Marine Management Organisation s recently published report revealing that in 2018, 18% of scallops landed in the UK by UK fishing vessels were landed at Shoreham Port, making it the number one scallop Port in the UK. Shoreham Port has seen an influx of scallop landings in the last three years, with an overall landing increase of 37% since 2016 and a catch of 5,817 tonnes of scallops in 2018.
The vessel refit took between eight and nine months and included equipment updates to match health and safety requirements, as well as improvements to crew accommodations and welfare. The trawler is owned by one of the UK s leading shellfish companies, Macduff, who specialise in processing wild scallops, langoustines, crabs and whelks.
Flowing stream has a gross tonnage of 385 and will continue to trawl for scallops, predominantly fishing in the Eastern English Channel near Shoreham. Trips typically last around a week, with seven to eight crew members on board, but the refitted vessel can accommodate up to nine crew members. Other areas the trawler may travel to include Plymouth, Scarborough, and Scotland.
George West, Head of Fleet Operations at Macduff Shellfish commented "Shoreham has always been a Port which we have long been associated with, but we felt a need to show a greater presence in the community. Throughout the year we rely on local contractors and businesses to keep our vessels operating and our crews serviced properly. Registering a vessel under the Shoreham banner seemed a natural step to improving what is already a mutually beneficial, long lasting relationship."
Julian Seaman, Harbour Master at Shoreham Port commented "We are very pleased that Macduff have chosen Shoreham as Flowing Stream s home registered Port and look forward to continue to welcome the vessel in the coming years."

Posted On:16-Mar-2019



Credits: www.bunkerportsnews.com
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