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Hapag-Lloyd: Carriers Would Need to Choose Low Sulfur Fuel
Hapag-Lloyd: The bulk of global container fleet will have no other choice than to switch to low sulfur fuel for IMO 2020.
CK Hutchison: Trade Disputes May Affect Port Business in Second Half
CK Hutchison expects trade conflicts to impact its port business in the second half of the year.
Hoegh LNG Agrees Financing for Ninth FSRU
Norway-based Hoegh LNG has received commitment letters for a USD 177 million debt financing for its ninth floating storage and regasification unit (FSRU).
The unit, which is under construction at Hyundai Heavy Industries (HHI) shipyard in South Korea, is scheduled to be delivered in the fourth quarter of 2018. The loan comprises a 12-year tranche of USD 132 million guaranteed by South Korean export credit agency K-SURE and a five-year non-amortising commercial bank tranche of USD 45 million.
Norled Orders Two More Diesel Electric Hybrid Ferries at Remontowa
Norway s ferry company Norled, part of the DSD Group, has ordered two more double ended diesel electric hybrid ferries from Polish Remontowa Shipbuilding, LMG Marin said.
The two sister ships, based on the LMG 120-DEH design, were ordered less than a month after the signing of the shipbuilding contract for the first two units. As informed, the newbuildings will operate on the Mannheller-Fodnes connection.
Petro-Piracy Returns to Gulf of Guinea
Nigerian pirates have taken 35 seafarers from vessels in the Gulf of Guinea from January through June 2018, according to a report from security services company EOS Risk Group. The number of sailors removed from vessels and held for ransom was the same as witnessed during the first half of 2017.
However, petro-piracy, which had been dormant for the past two years as only two attempted hijack for oil theft cases were reported, seems to have returned to the area with the hijacking of the UK-flagged MT Barrett in Cotonou Anchorage, Benin on January 10, 2018.
Andaman islands ferry troubled, hundreds of passengers rescued, India
Passenger ship SWARAJ DWEEP, serving Andaman and Nikobar islands line, in the morning Jul 2 reported water ingress and requested assistance. The ship stopped roughly halfway between Port Blair and Car Nikobar island, with 343 people on board. Indian Coast Guard sent CG ship and patrol plane to distressed ferry. According to official statement, all passengers were safely transferred to CG ship, while salvage team went on board of a ferry with salvage equipment, including pumps. Situation is said to be normalized, water ingress taken under control. Most probably, SWARAJ DWEEP will be towed to nearest port.
Ro-ro on fire, disabled in the Atlantic
Ro-ro cargo ship VOLCAN DE TENEGUIA suffered fire in engine room on Aug 2 in the Atlantic, and was disabled, some 85 nm north of Gran Canaria, while en route from Cadiz to Tenerife. SAR tug MIGUEL DE CERVANTES (IMO 9320116) was sent to assist, taking VOLCAN DE TENEGUIA on tow in the afternoon. As of 0130 UTC Aug 3 caravan was approaching Las Palmas. Fire said to be extinguished, crew and passengers remained on board.
Ardmore CEO: MR Charter Market Took an Unexpected Hit in Q2
The medium range (MR) product tanker market sustained an unanticipated blow from a number of one-time events in the second quarter of 2018, Anthony Gurnee, Chief Executive Officer of Ardmore Shipping, said in a conference call.
These events included lower demand at the Atlantic Basin as a result of localized factors in the key consumer markets in Brazil, Mexico and West Africa, largely political issues, according to Gurnee, followed by high oil and bunker prices as well as weak crude tanker market.
DP World Says London Court Ruled against Djibouti
An Arbitral Tribunal of the London Court of International Arbitration (LCIA) has found that the Government of Djibouti s action of seizing control of the Doraleh Container Terminal from DP World was illegal, DP World informed.
The LCIA Tribunal has ruled that Doraleh Container Terminal s Concession Agreement "remains valid and binding notwithstanding Law 202 and the 2018 Decrees."
RCL "Tickled Pink" with Record Quarter Results
Miami-based cruise company Royal Caribbean Cruises reported record second quarter results and reaffirmed its full year adjusted EPS guidance.
The company s net income for the second quarter of 2018 surged to USD 466.3 million, compared to a net income of USD 369.5 million reported in the same period a year earlier. The company beat the adjusted earnings per share (EPS) guidance for the second quarter by USD 0.39.
India Allows Domestic Fertilizers Transportation by Foreign Vessels
India s Minister of State for Shipping Pon Radhakrishnan in informed that the Ministry of Shipping has given relaxation to foreign vessels for carriage of fertilizer from one port to another port within the country under section 407 of the Merchant Shipping Act, 1958.
The foreign flag ships are now not required to obtain a license from the Director General of Shipping for engaging in coastal trade for carriage of fertilizer by sea.
Qatar interested in concession of Olvia, Kherson ports
Qatar has showed its interest in concession of Olvia and Kherson seaports, Ukraine s Infrastructure Ministry has reported on its website.
The ministry said that the Ukrainian Sea Port Authority has signed a memorandum of understanding with Qatar ports management company Mwani Qatar, envisaging cooperation aimed at boosting cargo flow between seaports of Ukraine and Qatar, in particular, exports of agricultural products made in Ukraine to Qatar.
Green seaports needed in Vietnam to reduce pollution from shipping operations
In many seaports, the content of oil on surface sea water is high. The oil waste from the vessels going in/out of large ports still cannot be collected and treated. In addition, the emissions from vessels produced during fuel combustion also have an impact on the surrounding environment.
Sooyeob Kim, a specialist from the UN s Socio-Economic Commission for Asia-Pacific, said at a forum on shipping industry and port development held recently, that now is the right time for Vietnam, a sea-borne economy, to develop environmentally friendly seaports.
Sri Lanka s shipping community agree on anti-corruption policy
Key segments of Sri Lanka s shipping community have agreed on an anti-corruption and zero tolerance policy aimed at cleaning up the trade, the Sri Lanka Ports Authority (SLPA) said in a statement.
Agreement was reached at a meeting initiated by SLPA and Sri Lanka Customs with the members of the Ceylon Association of Shipping Agents and of Sri Lanka Association of Vessel Operators. The statement said it was a landmark meeting and the first of its kind in the history of the maritime industry in Sri Lanka.
Ghana: Paperless Port Boosts Half-Year Import Revenue Revenue Hits Gh? 5,798 Million in June
The implementation of the National Single Window and Paperless Port System at the country s sea ports is gradually yielding results to the admiration of importers and stakeholders.
Analysis of the Monthly Import Performance of the Customs Division of the Ghana Revenue Authority (GRA) between 2015 and mid-year 2018, has revealed that the amount of revenue realised from imports has been increasing year-on-year.
Transhipment at Amsterdam seaport down 4.8% in first half of 2018
Transhipment in the North Sea Canal Area at the seaports Amsterdam, IJmuiden, Beverwijk and Zaanstad declined to 49.4 million tonnes in the first half of 2018, a decrease of 5.1%. The Port of Amsterdam saw transhipment fall by 4.8% to 40.2 million tonnes.
In IJmuiden, transhipment declined to 9.3 million tonnes (-4.4%), Beverwijk registered a decline to 282,000 tonnes (-18.6%) and in Zaanstad transhipment fell to 84,000 tonnes (-59.3%).