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Vladivostok port grows: drafts increased, container volume up 42%
Vladivostok Sea Commercial Port (VSCP), part of FESCO Transportation Group, completed one stage of the container terminal berth reconstruction project, informs the port s press service. The modernization project involved repairing the existing quay equipment and installation of new marine fenders allowing the terminal handle vessels with larger drafts. Thus, the maximum allowable draft at container berths #15 and #16 was increased by 1.4m, to 11.4m. For the vessels with LOA less than 216m, the maximum draft limit at berth #15 will be up to 11.9m.Posted On:24-Mar-2018
Credits: www.bunkerportsnews.com |
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Essar Shipping eyes more revenue from cargo handling
Essar Shipping aims to increase third-party cargo handling to 50% of its total revenue by 2020 from 30% at present, as the company engages with companies in India and the Gulf, trying to make up for loss of captive business after the parent group's oil refining company was sold and the steel business got stuck in bankruptcy proceedings.
"We are working with steel companies, not just in India but also Qatar and Bahrain among other Middle Eastern markets. We are focusing a lot on the Gulf areas which are in close proximity to us," CEO Ranjit Singh told ET in a recent interview.
The company needs to look for new clients with a chunk of its captive business gone. Essar Oil was sold to Russian oil giant Rosneft, fund UCP and Swiss commodities trader Trafigura for $12.9 billion last year. Essar Steel is under insolvency proceedings before the National Company Law Tribunal. Essar Shipping BSE -1.96 % has also bid for the tender floated by staterun oil marketing companies Bharat Petroleum Corp and Indian Oil Corp for carrying crude oil. Some clarity on the bids will emerge by end of April, said Singh, adding the company is looking to acquire a very large crude carrier (VLCC) and a Suezmax if it wins the deal.
Essar Shipping handled 13.06 million tonnes of cargo in FY17 and registered a 28% growth in total cargo tonnage in the third quarter of FY18. The company is set to increase capacity from 15-16 million tonnes to 20-21million tonnes by FY19 with increase in tonnage and higher operational efficiency.
The company operates a fleet of 14 ships that include two VLCCs, one capesize ship, six mini-capesize ships, one panamax bulk carrier, two supramax bulk carriers and two 13,000 dead weight tonnage (DWT) general cargo ships. Analysts said getting fresh third party business wouldn’t be so easy in these times of still weak economic activity and oversupply in shipping capacity.
"Charter rates are still on a downward spiral and there are numerous players in the market. The problem of overcapacity persists and it would be difficult to get new business for a player," said a senior analyst who didn't want to be named. Singh said that while the dry bulk has improved since its downward spiral starting 2008 - the benchmark Baltic Dry Index has increased four times from its February 2016 low - the crude segment has hit "rock-bottom".Posted On:24-Mar-2018
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Japanese tuna fishing vessel ran aground, Namibia
Longliner FUKUSEKI MARU NO.7 ran aground near Mile 108, Namibia, south of Ugab river estuary, early in the morning Mar 22, while en route with tuna catch from Angola fishing grounds to Walvis Bay. Longliner said to ground on coastal rocks, most of the crew evacuated with few left remaining on board, to assist in salvage. Navigational error said to be the cause of an accident.Posted On:24-Mar-2018
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Bulk carrier LMZ PLUTO fire, Netherlands
Bulk carrier LMZ PLUTO reported fire on board at around 1920 LT Mar 23 while proceeding downstream on Wester Scheldt, en route from Antwerp. Bulk carrier reached Terneuzen approaches and stopped there, surrounded by at least 5 tugs and SAR boats. Firefighting team said to board the ship, assisting the crew. as of 2030 UTC, extent of fire yet unknown, it is not even known where exactly fire located, but according to the reaction of authorities and number of tugs involved, fire may be serious.Posted On:24-Mar-2018
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First of Ten Mammoth Ore Carriers Handed Over to CMES
A giant ore carrier Ore Tianjin has joined the Valemax fleet, the world s largest ship type intended for carrying iron ore. The very large ore carrier, boasting 400,000 deadweight tonnes (dwt) capacity, was named and delivered on Thursday, March 22. The ship was built by Qingdao Beihai Shipbuilding Heavy Industry, a subsidiary of China State Shipbuilding Corporation, for China Merchants Energy Shipping and ICBC Leasing.Posted On:24-Mar-2018
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World s Ports Commit to Sustainable Growth and Development
Nearly 1,000 ports and port-related companies committed themselves in Antwerp to achieving the 17 Sustainable Development Goals (SDGs) set by the United Nations. On March 22, a two-day event held under the auspices of the World Ports Sustainability Program (WPSP) was opened in Antwerp. Specifically, ports and companies intend to focus on five practical areas including the development of robust infrastructure; climate & energy with the emphasis on initiatives that contribute to achieving the objective of the Paris climate agreement; societal integration; safety and security including cybersecurity; and transparent, ethical policies and management.Posted On:24-Mar-2018
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Work Starts on Volkswagen s First LNG-Powered PCTC
China s Xiamen Shipbuilding has started building the first of two 7,500 CEU LNG pure car truck carrier (PCTC) vessels ordered by Siem Car Carriers. The steel cutting ceremony was held in Xiamen on March 10, 2018. From 2019, the ships powered by liquefied natural gas are to be operated by Siem Car Carriers and chartered to Volkswagen Group Logistics.Posted On:24-Mar-2018
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