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Wednesday, December 11, 2019

Africa News

Alexandros Margaritis (Photo: Amoil)

Amoil Appoints Margaritis MD

Amoil has appointed Alexandros Margaritis as Managing Director as of January 1, 2020.Margaritis brings 14 years of industry experience and has held previous positions in Singapore and Dubai respectively.Amoil was established in 1984 as the first independent bunker trading and supply service in South Africa.

SNA Names Two New VPs

Surface Navy Association (SNA) names two new Vice Presidents to focus on Navy and Coast Guard Enlisted membersThe Surface Navy Association has established two new Vice President positions created to specifically focus on providing tailored programs, professional development and other outreach initiatives dedicated to better serve our Navy and Coast Guard Enlisted members. The Association’s board of directors has approved Retired Master Chief Petty Officer of the Coast Guard Charles…

© Mike Mareen / Adobe Stock

Bahri Looks to Make LNG Foray

Saudi Aramco's shipping arm Bahri has issued an expression of interest (EOI) to charter up to 12 liquefied natural gas (LNG) tankers from 2025, its first foray into the superchilled fuel, industry sources said on Monday.No further details were immediately available and Saudi Aramco declined to comment. EOIs are preliminary enquiries that may or may not turn into full-fledged orders.According to Bahri's website, the national shipping carrier of Saudi Arabia has six business units dealing in oil…

© Mike Mareen / Adobe Stock

Port Operator ICTSI to Double Capacity at Congo Terminal

Philippines-based port operator International Container Terminal Services Inc. (ICTSI) will more than double the capacity of its container terminal in Congo as part of a $100 million expansion, the company said on Thursday.Located on the Congo River, the port city of Matadi, where ICTSI operates the Matadi Gateway Terminal (MGT) under a joint venture with Congolese property management company SIMOBILE, is the Democratic Republic of Congo's primary shipping hub.The planned expansion will bring MGT's throughput capacity up to 400…

Jesper Kristensen. Image courtesy: Unifeeder A/S

Unifeeder Acquires Feedertech

Denmark’s Short-sea operator Unifeeder , part of the global port operator DP World, has acquired a 77% stake in The Feedertech Group, a Singapore-based feeder and shortsea operator.The Group’s Chairman, Ali Maghami, will retain the remaining 23% shareholding.Established in 2003, the Group operates two companies; Feedertech, which is a feedering service and Perma, a regional shortsea network. Both operate in the same market and connect the fast-growing trade route of Asia-Middle…

Image: Petronas

Petronas in Game for a Third FLNG Unit

Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) would build a third floating liquefied natural gas (FLNG)unit if there’s a demand.Petronas is the only company to own and operate two FLNGs, namely PFLNG Satu and PFLNG Dua.Bernama reported, quoting the gas and new energy business executive vice-president and chief executive officer Adnan Zainal Abidin, that if there is a reservoir with a sizeable amount of reserves and with the right gas composition that it is economically viable…

Photo: DP World

DP World Completes $520Mln Sokhna Expansion

Dubai's state-owned port operator DP World said that its port in Egypt, DP World Sokhna marked its 10th anniversary by revealing that its $520m (AED1.9bn) port expansion project is close to completion.The port expansion complements two operational basins, with the expansion into Basin 2 comprising a 1.3km-long quay – with 400m is use in Phase 1 – as well as a 350,000m2 container yard.The expansion comes as the UAE and Egypt agreed to support a $20bn joint strategic platform to invest in a range of vital sectors and assets…

China to invest billions in Brazilian Port

China will make a billion-dollar investment in the Brazilian port of Sao Luis via China Communications Construction Company, two sources with direct knowledge of the matter said on Wednesday.Speaking on condition of anonymity, the sources said the announcement will be made at the summit of leaders of Brazil, Russia, India, China and South Africa, the so-called BRICS group of emerging nations, who are meeting in the Brazilian capital for a two-day summit.The deal will be part of the largest foreign direct investment into Brazil this year…

Photo: DP World

DP World, Namibia's Nara Namib Sign MoU

Dubai based logistics giant DP World has signed a memorandum of understanding (MoU) to develop a free economic zone for industry and logistics in Namibia.The port operator said the agreement with Namibia’s Nara Namib Free Economic Industrial Zone will support the growth of Namibia as a regional hub for southern Africa.The development will help Namibia grow as a center for industrial operations and logistics, creating opportunities and jobs across multiple sectors including agriculture…

Pic: TORM

Product Tanker Freight Rates Rebounds

Product tanker freight rates softened in the third quarter of 2019 but rebounded strongly at the start of the fourth quarter following an increase in crude tanker rates that began after the attacks on Saudi Arabian oil facilities and accelerated dramatically to multi-year high levels at the end of September when the US imposed sanctions on two subsidiaries of China's COSCO Shipping.Denmark-based TORM said that growth in global demand for oil products generally remained subdued…

Photo: Monjasa

Monjasa Expands to Angola

Danish bunker company Monjasa announced the opening of its first office in Luanda, Angola, to support the West Africa oil and shipping activities.Monjasa started supplying bunkers across West Africa in 2009 and since then, it has delivered a total of 10.6 million tonnes of fuel products across the region from the Gulf of Guinea to Namibia."Monjasa is currently enabling the IMO 2020 transition by making new low-sulfur marine fuel available across the region. Today, Monjasa is the leading supplier in West Africa measured on volume and a fleet of 10 tankers deployed in the region…

Pic: GasLog

GasLog Sees Tighter LNG Shipping Market

GasLog, an international owner, operator and manager of liquefied natural gas (LNG) carriers, is predicting a tighter LNG shipping market, as increasing United States LNG output combines with a seasonal uptick in demand for gas, resulting in rising demand for shipping and higher utilization of the global fleet.These underlying trends in the LNG commodity and shipping markets point towards a structurally tighter market through 2020 and into 2021.As of October 28, 2019, the LNG fleet and orderbook (excluding floating storage and regasification units (FSRUs) and vessels with capacity below 100…

Southern Treasure at sea trial. Pic: Mitsui O.S.K. Lines

MOL Adds Southern Treasure to its Fleet

Japanese shipping company Mitsui O.S.K. Lines (MOL) has announced that the new scrubber-equipped wood chip carrier Southern Treasure has been delivered.The delivery ceremony for the 60,300 dwt vessel with with a cargo capacity of 4.3 million-cubic feet was held at Oshima Shipbuilding, Nagasaki Prefecture.MOL will operate the vessel, which transport wood chips for Hokuetsu Corporation, said a press release."The vessel is equipped with a SOx scrubber and Ballast Water Management System (BWMS) to comply with today's stricter environmental regulations…

The ELKA_ARISTOTLE / CREDIT © MarineTraffic.com

Pirates Kidnap Four from Greek Tanker

Pirates attacked a Greek oil tanker off the coast of Togo in the early hours of Monday and fled after taking four crew members as hostages, the West African nation's navy said, two days after a similar attack in the waters of neighbouring Benin.Of the missing crew members, two are Filipinos, one is Greek and one is Georgian, the navy said in a statement. One security guard was also shot and wounded in the attack, it said."Monday, 4th of November 2019, around 0300, the tanker boat Elka Aristotle was attacked around 18 kilometers (11 miles) from the port of Lome by armed individuals…

Pic: Norwegian Shipowners’ Association

Pirates Kidnap Crew of MV Bonita

Pirates have kidnapped nine crew members from a Norwegian shipping vessel named the MV Bonita off the coast of Benin in West Africa.MV Bonita was anchored and awaiting berth at the Cotonou port to discharge a shipment of gypsum when the pirates boarded, the shipping firm  J.J. Ugland said in a statement Sunday.The Norwegian Shipowners’ Association said that it is in close contact with Ugland Shipping with a common and clear goal to bring the 9 sailors back to safety. The vessel and remaining crew are safely anchored in Cotonou and investigations are carried out.

AdobeStock / © Kasto

West Africa Crude-Freight Rates Ease

Freight rates to Europe and Asia have continued to ease, albeit at a less rapid rate than during the middle of the month, boosting price offerings for West African grades, traders said on Monday. Rates for VLCCs from Nigeria's Bonny Light terminal to Singapore settled at $3.25 a barrel on Friday from highs just below $10 two weeks earlier, according to Refinitiv data, while for Rotterdam they eased to $2.72 from a high above $5.Rates for key Angolan grade Girassol aboard a VLCC bound for China plunged to $3.84 a barrel from highs of $11.39.

Photo: Offshore Wind Consultants

OWC Opens Aussie Office

International engineering consultancy Offshore Wind Consultants (OWC) is setting up an office in Australia, as offshore wind plans in the country are moving forward.The International Energy Agency’s recently launched “Offshore Wind Outlook 2019” has identified more than 7,000TWh per year of offshore wind technical potential (roughly 2,000GW of capacity) in waters below 60 meters offshore Australia. The potential adds up to 16,000TWh per year when considering deeper waters.Currently…

Left to Right: Fabiana Simoes Martins, Sanjam Gupta, Alexandra Anagnostis, Despina Panayiotou Theodosiou, Connie Roozen, Angie Hartmann, Naa Densua Aryeetey. Photo: WISTA International

WISTA Re-elects Theodosiou as President

Women’s International Shipping and Trading Association (WISTA) announced that Despina Panayiotou Theodosiou (WISTA Cyprus), CEO of Tototheo Maritime, was re-elected to a second term as President.WISTA International elected Alexandra Anagnostis-Irons, President of Total Marine Solutions (WISTA USA) as Secretary, and Fabiana Simões Martins (WISTA Brazil), as Board Member, to the WISTA International Executive Committee at the 39th WISTA International Annual General Meeting on Grand Cayman on 30 October 2019.Naa Densua Aryeetey (WISTA Ghana)…

Photo: RORO Company

RORO Company Launches New Platform

The Roll On Roll Off (RORO) Company, a digital freight forwarder, recently launched its new platform, RORO.com, to accelerate global trade of large assets. With access to instant quotes, schedules and bookings, users can save time and money on shipping machinery, automobiles, boats and more. Global trade of large assets moves too slowly. Online auctions, such as Ritchie Bros., make it easy to purchase items worldwide, but delivering these items across the world is slow. The current model relies on a subset of shipping companies called freight forwarders.

Kristian Kaasing Larsen (Photo: VMS Group)

VMS Group Expands into West Africa

The Danish maritime service company VMS Group A/S expands into West Africa opening a workshop in Walvis Bay, Namibia. A favorable location combined with a rapidly growing offshore market and fishing fleet creates huge potential for a strong, maritime cluster in this region.Being the only port with service facilities between Cape Town, South Africa, and the Canary Islands, Walvis Bay on the Namibian west coast is a key area for marine traffic in the Eastern Atlantic. This is the reason why VMS Group…

Image: Jan De Nul

Jan De Nul Starts Dredging for Mauritian Port

Jan De Nul group of the beginning of work on dredging and expansion on an internal ship canal and a turning circle in port of Nouadhibou (Mauritania), one of the largest centers through which iron ore from the country is exported, is told in the group message.With the deepening and widening of the 25-km long entrance channel to the mineral terminal of Port of Nouadhibou, the National Industrial and Mineral Authority of Mauritania (Société Nationale Industrielle et Minière or SNIM) opens the port for vessels with a capacity of up to 250…

Photo: IMO

EU/IMO Global Project Drives Energy Efficiency

The GMN global network of maritime technology cooperation centers has completed numerous pilot projects over the past three years, helping to drive forward the changes which are required to reduce GHG emissions from shipping. A global network of maritime technology cooperation centers has completed an impressive array of pilot projects over the past three years, helping to drive forward the changes which are required to reduce GHG emissions from shipping.Five regional Maritime…

Photo: ITF

ITF Expands into Asia Pacific

The International Transport Workers' Federation (ITF) has established its latest Contacts Network, covering Bangladesh, Cambodia, Malaysia, Myanmar, Pakistan, Papua New Guinea, the Solomon Islands and Thailand.ITF has seen a significant increase in seafarers requesting assistance from countries without an inspector or contact, in recent years.Attempting to resolve these requests is often challenging due to several factors, including the local political context and the effectiveness…

© dmplot/Shutterstock

Small Scale FSRU: Think Smarter Not Bigger

The global search for lower carbon forms of energy and demand for cost-effective ways to serve power demand in emerging markets and remote locations is driving interest in floating storage and regasification units (FSRU).FSRUs are a faster and more flexible way to import natural gas to power-constrained places, so demand for the units is increasing and the business case for owning them is growing stronger.Their model for supplying energy and transport fuel is historically well proven: they offer faster development timelines and lower initial capital costs compared to onshore regasification…

© Igor Groshev / Adobe Stock

Sinopec Weighs Output Cuts Due to Freight Rate Surge

Asia's largest refiner, Sinopec, is weighing plans to cut oil imports in December and reduce output at its refineries after a surge in global tanker freight rates hit margins, four sources with knowledge of the matter said.The cost of shipping crude to Asia has surged in the past two weeks after companies stopped using nearly 300 tankers for fear of violating U.S. sanctions against Iran and Venezuela.Refining margins have yet to catch up with the jump in freight rates, forcing…

© druid007 / Adobe Stock

Mombasa Port to Upgrade Four Berths

Kenya's port of Mombasa will spend 20 billion shillings ($193 million) to modernize four berths to handle both container cargo and goods not packed in containers, the head of the state port operator said.The port, built in 1895, is the main trade gateway for the Eastern Africa region, serving Kenya and seven neighbors, including Uganda, Somalia, Rwanda and South Sudan.The investment is driven by growing demand for imported cargo in the region, where most economies are growing by at least 5% per year…