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China to Hit Back with 25 Pct Tariffs on LNG Imports from US
In response to the new wave of tariffs announced by the United States, China plans to fight back with USD 60 billion worth countermeasures, targeting, among others, the imports of liquefied natural gas from the U.S.
The Chinese Ministry of Finance announced on Friday, August 3, that it plans to impose 25 percent tariffs on LNG imports from the U.S. The new retaliatory tariffs would also impact copper (25 pct tariff increase), agriculture, as well as power/renewables.Posted On:6-Aug-2018
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Star Bulk Closes Acquisition of 16 Bulkers
Greece-based dry bulk shipping firm Star Bulk Carriers has finalized the acquisition of sixteen dry bulk vessels from entities affiliated with Augustea Atlantica SpA and York Capital Management in an all-share transaction.
The units were acquired through an all-share transaction which was agreed in late April 2018. The final consideration for the Augustea Vessel Purchase is 10.3 million common shares of the company, equal to around 11.3% of Star Bulk s common shares. As part of the transaction, the company will assume debt of some USD 309 million.Posted On:6-Aug-2018
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Ordeal of 57 Abandoned Ukrainian Seafarers Finally Over
Being a seafarer is all but an easy task and the fate of 57 Ukrainian seafarers that managed to return home after being left high and dry for over a year at sea proves that.
The seafarers in question include 27 crew members of MV Mekong Spirit and MV Free Neptune, according to the Marine Transport Workers Trade Union of Ukraine (MTWTU), which has managed to repatriate the mariners with the help of the International Transport Workers Federation (ITF) and the Ministry of Foreign Affairs of Ukraine.Posted On:6-Aug-2018
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Yilport Gets Nod for Italian Terminal Concession
Port and terminal operator, Yilport Holding, has moved closer to its proposed concession of a container terminal at Italy s Port of Taranto. Namely, the company received an initial approval for the concession from the Port Network Authority of the Ionian Sea (PNAIS) in early August.
"We are very happy to hear that our proposal has been accepted and published. Yilport is enthusiastic about Taranto Container Terminal and committed to Taranto s rise in the port industry," Robert Yuksel Yildirim, Chairman of Yilport Holding, said.Posted On:6-Aug-2018
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10,000-TEU container ship intercepted at sea with a ton of cocaine Video
Container ship CAP SAN TAINARO was intercepted by Colombian Navy and fast response team in the Caribbean on Aug 2, off Cartagena, when the ship was en route to Caucedo, Dominican Republic. Anti-drug team boarded the ship, checked containers and found in one of them 1144 packages of pure cocaine, hidden in a container loaded with wine. Total weight of found cocaine is 1144 kilo. 15 persons allegedly related to this shipment were arrested, understood some crew are among them. The ship is engaged on Eurosal Loop 1, cocaine was destined for Antwerp Belgium. CAP SAN TAINARO was taken back to Colombian waters and brought to anchor at Barranquilla Anchorage. As of 0530 UTC Aug 4, CAP SAN TAINARO was in the same position, with investigation ongoing.Posted On:6-Aug-2018
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Ferry major fire, 250 passengers on board, rescue under way
Ferry SATYA KENCANA IX with 250 passengers on board caught fire in the morning Aug 4 being some 55 nm southwest of southernmost Kalimantan Cape Tanjung Selatan, while en route from Surabaya to Banjarmasin, Kalimantan, Indonesia. Extent of fire unknown, reportedly it s a major fire, with no firefighting boats or tugs nearby. As of 0600 UTC passengers rescues was still under way, not known yet if all were evacuated, number of jinures/casualties also unknown. Crew managed to bring ship to anchor, according to official statement.Posted On:6-Aug-2018
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Bulgarian freighter disabled, under tow, Aegean sea
General cargo ship PHOENIX was disabled and started to drift in the morning Aug 3 in Aegean sea east of Andros island, Greece, while en route from Nikolayev Ukraine to Amsterdam Netherlands. Tug CHRISTOS XLI (IMO 8127919) was contracted, in the afternoon same day PHOENIX was taken on tow to be towed tp Piraeus. As of 1400 UTC Aug 4 caravan was approaching Piraeus. Understood the ship suffered mechanical failure.Posted On:6-Aug-2018
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Supertanker FRONT HAKATA fire, Tokyo Bay
Very Large Crude Carrier FRONT HAKATA reported fire in engine room at around 0300 Tokyo time Aug 5 west of Tateyama, Chiba Prefecture, Japan, south of Tokyo Bay. Tanker was waiting for berth at Chiba since arrival from Saudi Arabia on Aug 4, being in full load of crude oil. Fire was reportedly extinguished by 0900 Tokyo time, tanker meanwhile, was moved out to sea, at 1330 Tokyo time she was southeast of southernmost Chiba with 3 tugs at her side, moving in southeast direction at some 1.5 knots speed, apparently under tow. 25 crew, all Indian, not injured, no leak reported, no risk of fire spreading to cargo tanks.Posted On:6-Aug-2018
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Volvo Penta Sets 2021 as Deadline to Introduce Electric Power
With the aim of becoming a driving force in sustainable power solutions, Volvo Penta is going full charge into hybrid and all-electric drivelines, offering electrified solutions in both its marine and industrial segments by 2021.
Volvo Penta has issued a statement of intent with the news that by 2021 it will provide electrified power solutions for both its land and sea-based business segments.
Underpinned by the success of hybrid and all-electric technology introduced by the Volvo Group, Volvo Penta s electrified solutions will demonstrate the company s long-term commitment to offering the latest and most appropriate power source for their user applications.Posted On:6-Aug-2018
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18 Indian seamen stranded on oil tanker off UAE coast
As many as 18 Indian seamen have been living in deplorable conditions for over six months after being stranded on an oil tanker off the coast of Fujairah. After months of distress calls and repeated tweets to authorities - both in India and the UAE - the Fujairah Port and the Consulate General of India in Dubai have swung into action to bring them succor.
Two sailors are soon to be repatriated, while one ailing crew member has already been sent home. The remaining 15 crew members will continue to be on board the disputed vessel. The crew on the disputed LPG tanker Maharshi Vamadeva, an Indian vessel, has not been paid their wages since February this year.Posted On:6-Aug-2018
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Port of Duqm offers 100 hectares more for investment
Oman s Port of Duqm, which also serves as the owner of vast tracts of land earmarked for industrial and logistics activities port, will open a further 100 hectares of new real estate for investment, said a report.Posted On:6-Aug-2018
Credits: www.bunkerportsnews.com |
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Nigeria: NPA to Open Eastern Ports With N1 Billion Investment Usman
The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, has expressed the agency s willingness to open up the eastern ports with N1 billion investments. Usman revealed that the move would also decongest the western ports and also eliminate the chaotic traffic into Apapa.
The eastern ports include the seaports based in Warri, Onne, Calabar and Port Harcourt which, in the perception of operators, have been grossly underutilized and partly responsible for the seeming over-concentration of businesses in the Lagos Ports Complex (LPC) and Tin Can Island ports, both in Lagos.Posted On:6-Aug-2018
Credits: www.bunkerportsnews.com |
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India plans to set up LNG terminal in Myanmar
India is planning to set up a liquefied natural gas (LNG) import terminal in Myanmar as it looks to expand energy diplomacy in its neighbourhood, oil minister Dharmendra Pradhan said.
The terminal to import super-cooled natural gas will be in addition to the similar facilities planned by Indian firms in Bangladesh and Sri Lanka as part of larger plan of energy connectivity in the South Asian neighbourhood, he said.Posted On:6-Aug-2018
Credits: www.bunkerportsnews.com |
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DP World: Media Statement on Djibouti s Doraleh Container Terminal: Djibouti does not recognise the international rule
The recent statement by the Djibouti government states that it does not acknowledge the decision of the London Court of International Arbitration demonstrates that Djibouti does not recognise the international rule of law. The Court s decision upholding the continuing validity of the Concession is based on recognised principles of international law and is internationally binding both on the Djibouti government and so far as third parties are concerned. As the Court has held, Djibouti does not have sovereignty over a contract governed by English law.Posted On:6-Aug-2018
Credits: www.bunkerportsnews.com |
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