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Monday, July 23, 2018

Image: ADNOC

UAE's Adnoc Awards USD 1.6bln Contract to China’s CNPC

The Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth AED 5.88bn (US $1.6bn) for the world’s largest continuous 3D onshore and offshore seismic survey, covering an area up to 53,000 square kilometres, as the company continues to identify and unlock new opportunities and maximize value from its hydrocarbon resources and deliver on its 2030 smart growth strategy.Adding to the 2D and 3D seismic data already acquired across Abu Dhabi, the new seismic survey will cover an area of up to 30…

Photo: Cespa

Cepsa, GP Global to Produce Marine Lubricants in India

Cepsa and Global Energy Private Limited (GPGEPL), part of UAE-based global conglomerate GP Global, have announced an exclusive partnership to manufacture and market Cepsa branded marine and power generation lubricants in India.As per the agreement, GP Global will manufacture, package and even import Cepsa branded lubricant products in India.“India is a huge market for port modernization and coastal shipping development. Major initiatives have been taken in this direction by our government.

Image: ABS

Seadrill Gets ABS-Managed Pressure Drilling Notation

ABS has announced it has issued the managed pressure drilling notation ABS MPD to Seadrill for the ABS-classed West Capricorn, a 6th generation ultra-deep water semi-submersible operating in the Gulf of Mexico.This notation demonstrates system compliance with the ABS Guide for Classification and Certification of Managed Pressure Drilling Systems (MPD Guide).Seadrill’s West Capricorn is the first Column Stabilized Drilling Unit to receive the ABS MPD notation complete with the Maltese Cross…

Photo: DP World

DP World, China Signs Agreement to Boost International Trade

An agreement to jointly construct a new ‘Traders Market’ at DP World’s flagship Jebel Ali Port and Free Zone in Dubai on a total build up area of three million square metres has been signed between the global trade enabler and the Zhejiang China Commodities City Group, providing further impetus to China’s Belt and Road Initiative.DP World will be building the ‘Traders Market’ within the Jebel Ali Free Zone Area located in Jafza South next to the Dubai Expo 2020 site.The market will include clusters of traders from all over the world, offering a wide range of products at one site.

MPC Container Ships Buys 2012-built Box Ship

MPC Container Ships ASA announced Thursday it has agreed to pay $13.86 million to acquire a 1,740 TEU containership built in 2012 at Guangzhou Wenchong Shipyard, China.The Norwegian based ship owner expects to take delivery of the vessel – to be renamed AS Selina – during the third quarter of 2018, bringing its fleet to 69 vessels.

Photo courtesy of ZIM

ZIM, Maersk Line and MSC Partner on Asia-US Trade

ZIM Integrated Shipping Services and the members of the 2M Alliance, Maersk Line and Mediterranean Shipping Company (MSC), announced a new strategic cooperation on the Asia – U.S. East Coast trade.At present, MSC and Maersk Line operate five loops and ZIM operates two loops on the trade.Starting early September 2018, the parties will operate together five loops between Asia and the U.S. East Coast. ZIM will operate one loop while the other four are operated by 2M. The parties will swap slots on all loops.Eli Glickman…

POSH Champion carrying out supply duties in Mafumeira Oil Field, Angola (Photo: GAC Group)

GAC Angola Renews Ship Agency Deal with POSH Semco

Offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has reaffirmed its working relationship with GAC Angola by renewing its ship agency contract for Soyo and Luanda and extending the agreement to include Cabinda.Under the deal, GAC now provides an integrated range of services for the POSH fleet at all Angolan ports, including crew handling, spares clearance and delivery, bunker fuels and inward/outward clearance of vessels.Kelvin Teo, POSH Director Offshore Supply Vessels…

DSV Mermaid Endurer. Photo: Mermaid Maritime Public Company Limited.

Mermaid Maritime Wins Middle East Contract

Thailand-based subsea and offshore drilling services company Mermaid Maritime Public Company announced that its Middle East business unit has been awarded a subsea services contract in a GCC country with an initial contract value of USD 16 million.The contract award, with work scheduled to be performed in the Arabian Gulf during the course of August 2018 until March 2019, will involve the use of the DP2 Dive Support Vessel ‘Mermaid Endurer’ equipped with the Air and SAT Dive systems…

The Maritime and Port of Authority of Singapore (MPA) and the Port of Rotterdam Authority (PoR) renewed their Memorandum of Understanding (MoU) on Cooperation in Information Exchange and Research and Development (R&D).  Photo courtesy of Port of Long Beach.

Singapore, Rotterdam to Strengthen Cooperation

The Maritime and Port Authority of Singapore (MPA) and Port of Rotterdam Authority (PoR) renewed their Memorandum of Understanding (MoU) on cooperation in Information Exchange and Research and Development (R&D).Since the commencement of the MoU in 2015, MPA and PoR have been working together in key areas such as maritime cybersecurity, LNG bunkering and Next Generation Vessel Traffic Management Systems.The renewal of the MoU, signed by Andrew Tan, Chief Executive of MPA and Allard Castelein…

Photo: Transocean

Transocean Signs 11 Well Contract with Chevron Australia

The international provider of offshore contract drilling services for oil and gas wells Transocean announced that the ultra-deepwater semisubmersible GSF Development Driller I was awarded an 11-well contract (approximately 955 days) commencing offshore Australia in the first half of 2019 with Chevron Australia.The estimated firm contract backlog, excluding integrated services, is approximately USD 158 million. Additionally, the contract includes four one-well options.Two days ago…

(Photo: NYK)

NYK Auto Logistics Pact with Adani Logistics

NYK Auto Logistics India (NALI), an NYK Group company, signed an agreement with Adani Logistics(ALL) to form a joint venture that specializes in the transportation of finished vehicles using automobile freight trains.The automotive production volume is expected to further increase in India, and there is increasing demand for transporting vehicles by rail, which places less of a load on the environment.NALI currently provides an integrated transport service for finished cars in India…

Photo: Scorpio Tankers Inc.

Scorpio Tankers Sells, Leaseback Seven Product Tankers

Scorpio Tankers announced that it has agreed to sell and leaseback six MR product tankers (STI San Antonio, STI Benicia, STI St. Charles, STI Yorkville, STI Mayfair and STI Duchessa) and one LR2 product tanker (STI Alexis) to an international financial institution.The international provider in the transportation for refined petroleum products said that upon completion, its liquidity is expected to increase by $42 million in aggregate after the repayment of outstanding debt.These lease financing arrangements are part of the company’s new financing initiatives that were announced on April 25…

Photo: Royal Boskalis Westminster N.V.

Boskalis Bags New Contracts

Royal Boskalis Westminster N.V. (Boskalis) has acquired a sizable logistical management transport contract and has received a letter of award for the transport and float-over installation of an offshore platform with a combined contract value of approximately USD 65 million. The global services provider operating in the dredging, maritime infrastructure and maritime services sectors said that the logistical management contract scope is for the transportation of a large number of modules from a fabrication yard in Asia to a plant being developed in North America.

Image: ICTSI

ICTSI Wins Sudan Port Contract

Philippines-based International Container Terminal Services Inc. (ICTSI) said it has been chosen by the government of Sudan to handle the operations and management of the South Port Container Terminal (SPCT). In a disclosure to the Philippine Stock Exchange yesterday, ICTSI said the state-run Sea Ports Corp. of Sudan (SPC) has confirmed it as the preferred bidder to operate and manage the SPCT under a 20-year concession. ICTSI, controlled by gaming and ports tycoon Enrique Razon Jr.…

Photo: North P&I Club

North P&I Club, 24Vision Sign Partnership Agreement

North P&I Club and 24Vision announced today that they have entered into a partnership agreement, with effect from 1 July 2018, to provide P&I insurance to charterers and small ship operators. As part of 24Vision’s wider service proposition to their marine industry clients, the partnership agreement provides for North P&I Club to be the insurance carrier for 24Vision’s marine liability products. “An alliance with North P&I Club puts us in an excellent position to provide our clients with top-rated security,” says Rocco Bozzelli, Managing Director of 24Vision Insurance Solutions.

Southern Ports are Getting with The Program…

The In-transit cold treatment program, that is! The dimensions of The Program are remarkable. The Reefer Shipping Market and Forecast 2017/18 produced by Drewry calculated that 79 percent of perishable cargo moved in refrigerated containers in 2016 and only 21 percent on reefer ships. By 2021, reefer containers will carry 85 percent of perishable products, while reefer cargo will reach 134 million tons, Drewry study predicts. One reason for the growth of reefer cargo in containers is the remarkable expansion of the USDA sponsored In-Transit Cold Treatment Pilot program.

the Kalmar Ottawa Electric terminal tractor, T2E

Driving Efficiently Towards Zero Emissions

As the Port of Long Beach Starts Year-long Freight and electric vehicle (EV) testing, Kalmar’s newest workhorse – the Kalmar Ottawa Electric terminal tractor, T2E – will be doing some of the heavy lifting. As California presses on with state-wide transportation electrification (TE), new equipment is starting to bring new, greener muscle to California’s heavy freight and equipment sectors, ready to replace old school dirty diesel machines. This turnover, critical to the state’s environmental and energy policies, won’t be inexpensive.

Maera. Photo: Diana Shipping Inc.

Diana Shipping Signs TC Contract for m/v Maera with ST Shipping

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ST Shipping and Transport, Singapore, for one of its Panamax dry bulk vessels, the m/v Maera. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$11,750 per day, minus a 5% commission paid to third parties, for a period of about seven months to maximum nine  months. The charter commenced on July 4, 2018. The “Maera” is a 75,403 dwt Panamax dry bulk vessel built in 2013.

Photo: Diana Containerships Inc

Diana Containerships Continues TC for M/V Domingo With CMA CGM

Diana Containerships  announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with CMA CGM, Marseille, for one of its Panamax container vessels, the m/v Domingo. The global shipping company specializing in the ownership of containerships said that the gross charter rate is US$12,800 per day, minus a 3.5% commission paid to third parties, for a period of minimum eight months to maximum eleven months. The new charter period will commence on August 3, 2018.

Norwegian Breakaway at Damen Shiprepair Brest (Photo: Damen)

Norwegian Breakaway Maintenance Completed

The 326-meter, 146,000 DWT, cruise ship Norwegian Breakaway arrived in Brest on April 28 for 11 days of scheduled maintenance and refurbishment.The primary objective of the visit was mechanical works on the ship’s two ABB azipods. The DSBr team worked alongside ABB service engineers on both azipods to repair the shaft bearings and replace the slewing seals. These works required the removal of both propellers and took place in very close coordination with the other teams working…

© Mariusz Niedzwiedzki / Adobe Stock

Newbuild Spending Dropped Sharply in Q2

Enthusiasm for newbuild orders across most shipping markets has started to wane after more than $10 billion dollars were committed in the first quarter of 2018, according to VesselsValue. The total committed to new deliveries is now the lowest since the start of 2016.Ordering trends in the start of the year were highest in the markets that were seeing the highest returns. This includes the dry bulk and liquefied natural gas (LNG) carrier markets, while interest in the low earnings environment tanker markets was softer.

Photo: Amsterdam Port

HoogTij to Build Deep-sea Quay

The construction of a 900-metre-deep deep-sea quay near the HoogTij business park along the North Sea Canal is set to begin this summer. HoogTij is divided into two parts: a site reserved for port-related companies (the maritime section) and a site intended for land-based companies (the land section). The total area can accommodate 130 hectares of business activity. HoogTij is a project initiated by the Municipality of Zaanstad, Port of Amsterdam and Ontwikkelingsbedrijf Haventerrein Westzaan (the Haventerrein Westzaan Development Company).

Photo:  Sempra Energy

IEnova to Build Liquid Fuels Project in Sinaloa, Mexico

Sempra Energy announced that its Mexican subsidiary, Infraestructura Energética Nova (IEnova), has been awarded a 20-year contract by the Topolobampo Port Administration in Mexico to build and operate a receipt, storage and send-out liquid fuels marine terminal in the state of Sinaloa. With a projected investment of approximately $150 million, the first phase of the new liquid fuels terminal will have a storage capacity of 1 million barrels of fuel, including gasoline and diesel. Operations are expected to commence in the fourth quarter of 2020.

Photo: MISC Berhad

MISC Bags USD 441mln 16-year Charter Contract from Hess

Malayasia-based MISC Berhad  has secured a long-term charter contract from Hess Exploration and Production Malaysia  for the lease of a floating, storage and offloading facility (FSO) known as FSO Mekar Bergading on a bareboat basis. The long-term charter contract is pursuant to a sale and charter agreement between MISC and HESS in respect of the FSO, which also resulted in MISC acquiring ownership of the FSO. The investment is consistent with the MISC2020 strategy of which one…

Safe Scandinavia. Photo: Prosafe

Aker BP Hires Prosafe Vessel

Prosafe has signed a contract with Aker BP ASA for the Safe Scandinavia to provide accommodation support at the Ula platform in the Norwegian sector of the North Sea. The firm duration of the contract commencing mid-August 2018 is seven months with eight one-month options. Total value of the contract excluding the option periods is approximately USD 25.5 million. The option periods, if exercised, have a total value of approximately USD 36.7 million. The contract will ensure employment of the Safe Scandinavia soon after expiry of her previous contract that concluded end-June 2018.

Photo: Port of Beaumont

Port of Beaumont Purchases Former CB&I Property

On July 3, 2018, the Port of Beaumont formalized the purchase of the former Chicago Bridge & Iron fabrication facility located at 850 Pine Street, Beaumont, Texas for $8.25 million. To facilitate the growth of the property, the Port of Beaumont has entered into a public-private partnership with Allegiant Industrial Island Park, LLC. Initial plans for the property, to be named Port of Beaumont Allegiant Island Park, include rehabilitation of the fabrication facility and paint shop, full rebuild of the docks, and upgrades to all utilities.

File Image (CREDIT: AdobeStock / © Igor Strukov)

Brazil May Import U.S. Soybeans due to U.S.-China Trade Spat

Brazil, the world's largest soybean exporter, may have to import the oilseed from the United States this year to satisfy demand from local processors, an executive of exporters association Anec said on Thursday. If China's demand for Brazilian soy rises due to a trade war with the United States, local processors may have to resort to importing 500,000 to 1 million tonnes from the United States, Luis Barbieri told an event in Sao Paulo. China has announced 25 percent tariffs on a range of U.S. products scheduled to take effect from July 6.

The Freightos Baltic Indexes (FBX) Update (W26 2018)

Following three months of static air freight prices, they are finally moving again. The catalysts are seasonal changes in airplane assignments, looming European factory closures, and Amazon Prime Day. Meanwhile, ocean freight rates are now static when compared to last week and last year’s prices. Europe-US Air Freight Rates are at Bargain Prices (For Now): Each summer, airlines move larger planes to Europe-US to capitalize on the seasonal increase in passenger movements. This has a knock-on effect of pushing air freight capacity well above demand.

Image: Nautilus Minerals

Fujian Shipbuilding Terminates Nautilus’ Shipbuilding Contract

Fujian Mawei Shipbuilding has canceled the construction contract for the Nautilus Minerals’ Production Support Vessel (PSV), a part of the Nautilus’ Solwara 1 project located offshore Papua New Guinea. "We have been notified by Fujian Mawei Shipbuilding, the owner of the shipyard where Nautilus’ PSV is being built, that the Shipyard has rescinded the shipbuilding contract between the Shipyard and MAC Goliath, the contractor engaged by Nautilus to procure the construction of the PSV on behalf of Nautilus," said a press release from the company.

Image: Maran Gas Maritime Inc.

Angelicoussis Books its 100th Ship at DSME

South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) has bagged an order from the Angelicoussis Shipping Group’s unit Maran Gas Maritime, for a floating storage and regasification unit (FSRU). The local media which quoted DSME sources saying Tthat the vessel with a 173,400 cubic meter storage capacity is the 100th vessel ordered by the Angelicoussis Shipping Group at DSME since 1994. The FSRU with a length of 295 meters and a width of 46 meters is scheduled for delivery in the first half of 2021.

Konecranes Gottwald Model 2 Mobile Harbor Crane with motor grab for handling coal. The crane was commissioned recently in the new terminal of SIR in Brindisi, Italy. Photo:  Konecranes

Konecranes Gottwald Model 2 Mobile Harbor Crane Delivered in Italy

Konecranes recently commissioned the mobile harbor crane in in the new terminal of SIR in Brindisi, Italy, where it will handle coal destined for power generation in continuous-duty operation. SIR srl (SIR), a leading provider of industry-related environmental services, purchased in May 2018 the eco-efficient diesel-electric crane to be the backbone of its new port business. Antonio Roma, Managing Director and owner, SIR, explains, “We won a tender to provide a coal-fired power…

Photo: Klaveness Combination Carriers

Klaveness Combination Carriers Orders Fifth Carrier

Norwegian shipping company  Klaveness Combination Carriers (KCC) has declared an option for the construction of a combination carrier with Jiangsu New Yangzi Shipbuilding Co., Ltd in China. The delivery date is scheduled for second quarter 2020. KCC already has four sister vessels under construction at the same yard with delivery in 2018-2020. Following the declaration, the KCC fleet will grow to 14 vessels by 2020. The company holds options for further vessels. "Our fleet of combination carriers and container vessels set standards for efficient and environmentally friendly shipping.

Photo: VARD

Vard Wins Contract for Luxury Expedition Cruise Vessel

Vard Holdings Limited has announced that it has secured a new contract for the design and construction of one luxury expedition cruise vessel for German cruise company Hapag-Lloyd Cruises. The new expedition cruise vessel will join Hapag-Lloyd Cruises HANSEATIC series, together with the two vessels that VARD already has under construction for the Germany-based cruise company. Developed by VARD in close cooperation with Hapag-Lloyd Cruises, the vessels are specially designed for cruises in polar regions in the Arctic and Antarctica…

Polymnia. Photo: Diana Shipping Inc.

Diana Shipping Continues TC for m/v Polymnia With Cargill

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$16,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum 14 months to maximum 17 months. The new charter period is expected to commence on July 8, 2018.

GLDD's Hopper Dredge, Ellis Island (Photo:GlobeNewswire)

GLDD Wins $164 Million in Dredging Awards

Great Lakes Dredge & Dock Corporation (Great Lakes), provider of both dredging services in the United States and environmental and infrastructure services, announced the receipt of a several dredging awards totaling $164 million. the Delaware River Deepening Variation Order (Capital, Delaware, $14.3 million). The scope of work for the four coastal protection projects includes sustenance of beachfronts with sand excavated from off-shore borrow which is then used to rebuild dunes and restore the shorelines eroded by winter storms.

File Image: A rendering of Matson's Aloha class containership.

Matson Christens First Aloha Class Vessel 'Daniel K. Inouye'

Largest Containership Built in U.S. Will Serve Hawaii. Matson, a U.S. flag carrier in the Pacific, and Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY) christened the largest containership ever built in the United States in a ceremony at the Philly Shipyard on Saturday, June 30. The new vessel is named 'Daniel K. Inouye' in honor of Hawaii's late senior U.S. Senator, who was a longstanding supporter of the U.S. maritime industry and its important role in supporting Hawaii's economy.

(Credit: Fifth Ring, Ltd.)

MAC to provide Marine Assurance Services for Chrysaor

Maritime Assurance & Consulting (MAC), a Bureau Veritas company, has won a contract from Chrysaor for marine assurance services. The contract also includes engineering, DP assurance, marine warranty surveying (MWS), project assurance and compliance services. Chrysaor is focused on the development and commercialization of dormant oil and gas discoveries and incremental reserves. The company acquired stakes in 10 North Sea fields from Shell last year and was recently granted acreage in the UK’s 30th licensing round.

Construction begins on rail canopy at AV Dawson’s freight terminal in Middlesbrough (Photo: AV Dawson)

Contract Win Brings More Manufacturing to Teesside

Middlesbrough freight logistics firm AV Dawson has signed a multi-million dollar deal with a major blue-chip manufacturer, securing new business and jobs in Teesside. AV Dawson has won a contract with British Gypsum, the UK’s market leader for plaster and plasterboard products, to import materials through its site in Middlesbrough. British Gypsum, part of the global Saint Gobain group, is importing a product which is  used to make plaster and plasterboard, through AV Dawson’s Teesside freight terminal, based on Riverside Park in Middlesbrough.

Mexico President-elect Wants to Remain in NAFTA

The landslide winner of Mexico's presidential election, Andres Manuel Lopez Obrador, said on Monday that he will aim to keep Mexico in the NAFTA trade pact and seek a frank dialogue and friendly ties with the United States.   The first leftist president elected in Mexico's modern history said in his first post-election interview after Sunday's vote that he will also stick with the pick for finance minister he named during the campaign.   Reporting by Mexico City newsroom

Photo: Scandinavian Shipping & Logistics

Scandinavian Shipping & Logistics Acquires Unitrans

Scandinavian Shipping & Logistics acquires the forwarding company Unitrans. “By this takeover we strengthen our position as a logistics company, both in Sweden and on the global market”, says Björn Eklund, owner of Scandinavian Shipping & Logistics. By the acquisition Scandinavian Shipping & Logistics expands its’ capacity mainly within road transports and at the same time, growing with a visible presence in the south of Europe. The acquisition is part of the company’s investment in strategical growth, which includes plans for more business acquisitions.

File Image (CREDIT: AdobeStock / © Igor Strukov)

US Soy Cargo Set to Head for Singapore after China Offload

A vessel carrying over 70,000 tonnes of U.S. The Aeolian Fortune was one of at least six ships anchored off the Chinese coast as escalating Sino-U.S. The Peak Pegasus, another vessel carrying 70,000 tonnes of U.S. Beijing says it will impose an extra 25 percent import duty on more than 500 U.S. goods, including soybeans, on July 6, in response to Washington's plan to slap duties on $50 billion of Chinese goods. It was unclear whether the new tariffs would now be applicable to the Peak Pegasus cargo.

Image: Ocean Rig

Ocean Rig Postpones SHI Drillship Delivery Till 2020

International offshore drilling contractor Ocean Rig UDW Inc. and South Korean yard Samsung Heavy Industries (SHI) have agreed to postpone the delivery of the newbuild drillship Ocean Rig Crete to September 2020. "Our subsidiary, that is party to the shipbuilding contract for the construction of its 8th generation enhanced integrated design newbuilding drillship, the Ocean Rig Crete, reached an agreement with SHI to postpone the delivery of the Ocean Rig Crete to September 2020," said a press release from the company.

Diana Containerships Sell Post-Panamax Vessel

Shipping Company, Diana Containerships, Inc., announced the sale of one of its Post-Panamax container vessels, the m/v Puelo, has been completed and will be delivered to her new owners.After the delivery of the vessel, the company will prepay about $19.4 m of its indebtedness, after which the outstanding indebtedness will be about $19.5 m. The amount is expected to be settled upon by July 31, 2018.Upon completion of the sale of m/v Hamburg, Diana Containerships Inc.’s fleet will consist of 4 container vessels (2 Post-Panamax and 2 Panamax).

Photo: PAO Novatek

Novatek, Sovcomflot Pact for LNG Shipping from Yamal LNG

Leonid Mikhelson, Chairman of the Management Board of PAO Novatek and Sergey Frank, General Director of PAO Sovcomflot have signed a Strategic Cooperation Agreement on developing a strategic partnership to transport hydrocarbons (LNG and gas condensate) produced at Yamal LNG, Arctic LNG 2 and other Arctic projects of the Company. “Our unique partnership with Sovcomflot will optimize our LNG transport model through the Arctic zone by efficiently and effectively using ice-class tankers” according to Novatek's Chairman of Management Board Leonid Mikhelson.

file Image: Richard Greiner,Moore Stephens partner, Shipping & Transport

Ten Years After, Shipping Industry Confidence Holds Firm

Shipping confidence held steady in the three months to end-May 2018 according to the latest Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents was unchanged at the four-year high of 6.4 out of 10.0 recorded in February 2018. Confidence on the part of owners was also sustained at a four-year high, of 6.6, while managers’ confidence was up from 6.4 to 6.7. The rating for charterers was up to 6.7 from 5.0 and confidence in the broking sector was up from 6.1 to 6.3.

File Image (CREDIT: AdobeStock / © Lidian Neeleman)

Baltic Index Up on Higher Capesize Rates

The Baltic Exchange's main sea freight index rose on Thursday after an eight-session losing streak, on higher rates for capesize vessels. The overall index, which tracks rates for ships carrying dry bulk commodities, rose 20 points, or 1.5 percent, to 1,329 points. The capesize index rose 83 points, or 4.3 percent, to 2,025 points. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, rose on Thursday after eight straight sessions of losses. Rates rose $578 to $16,648. Capesize fell nearly 11 percent in the past eight sessions.

Photo: Polish Oil & Gas Company (PGNiG)

PGNiG and Venture Global LNG Sign Pact

Polish Oil & Gas Company (PGNiG) and Venture Global LNG have entered into an agreement relating to the terms of delivery of liquefied natural gas from Calcasieu Pass LNG and Plaquemines LNG facilities. The agreement defines basic terms and conditions of a 20-year contract for the sales and purchase of two million tonnes per annum (Mtpa) of LNG, which equals about 2.7 bcm following regasification. Cargoes will be supplied from Calcasieu Pass and Plaquemines LNG export facilities which are expected to be completed in 2022 and 2023 respectively.

Photo:  Diana Shipping Inc.

Diana Shipping, BNP Paribas Pact for Five Year Loan Facility

Diana Shipping announced that on June 20, 2018, it signed a term sheet with the French bank BNP Paribas for a five year loan facility of up to US$75 million, subject to loan documentation. The global shipping company specializing in the ownership of dry bulk vessels said that the  proceeds from the loan facility together with available cash will be used to voluntarily prepay in full the balance of US$130 million of the existing credit facility with BNP Paribas. The new loan facility will result in 17 of the Company’s vessels being unencumbered, Diana Shipping said.

(Photo: Crowley)

Eagle, Crowley Supply LNG to Puerto Rico

Crowley Fuels and Eagle LNG Partners have signed a multi-year agreement to provide a pharmaceutical company in Puerto Rico with containerized liquefied natural gas (LNG), an expansion of LNG supply chain services for customers seeking cleaner, cost-effective alternative fuel. “Crowley is pleased to be partnering with Eagle LNG to serve our customer in Puerto Rico, who will benefit from full supply chain solutions while using a fuel source that offers strong reliability and lower emissions for industrial and commercial uses,” said Crowley’s Greg Buffington, Vice President, LNG.

File Image (CREDIT: AdobeStock / © Leonid Eremeychuk)

U.S. Coal Cargo Reaches China, Beating Import Tariff Deadline

A vessel carrying 164,000 tonnes of coal from the United States reached Caofeidian port in northern China on Tuesday, Thomson Reuters Eikon ship tracking data showed. The vessel named Partnership is on schedule, while Beijing plans to impose steep tariffs next month on a list of U.S. At least three U.S. The other two vessels, Navios Taurus and West Trader, are expected to arrive at Jingtang port on July 18 and Aug. 10 respectively, according to Eikon data.

File Image: a typical bulk vessel underway (CREDIT: Adobestock / © Lucasz Z)

Baltic Index Falls for Seventh Consecutive Session

The Baltic Exchange's main sea freight index fell for the seventh straight session on Tuesday, due to lower rates across vessel segments. The overall index, which tracks rates for ships carrying dry bulk commodities, fell 10 points, or 0.75 percent, to 1,323 points. The capesize index fell 15 points, or 0.75 percent, to end at 1,986 points. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, fell by $88 to $16,342. The panamax index dropped 18 points, or 1.3 percent, to 1,321 points.

Fil Image: The Port of Le Havre (CREDIT Adobestock / © Sergey Novikov

French Union Calls for June 28 Port Action

France's CGT union says it is calling on port workers across the country to down tools on June 28 and join a protest against the policies of the government.   Thursday's action coincides with the end of three months of rolling train strikes against the planned overhaul of public rail operator SNCF. Stoppages by port workers can slow the handling of commodities such as oil and grain at French shipping terminals.   Reporting by Valerie Parent

File Image: A Boxship transits the suez Canal (CREDIT: AdobeStock / © Andriy Kovach)

Suez Canal Seeks 300 mln euro Loan

Egypt's Suez Canal Authority is seeking a 300 million euro ($350.19 million) loan from Gulf banks, three senior banking sources told Reuters on Tuesday.   The loan will be used to finance the purchase of two new dredgers, the sources said.   The authority had signed a contract with Dutch firm Royal IHC for the equipment last year but failed to secure funding from local banks.   The sources provided no further details and the Canal authority could not be immediately reached for comment.   Reporting by Ehab Farouk

South Carolina Ports Authority president and CEO Jim Newsome

SC Ports CEO Sounds Off on Southern States Chassis Pool

“The South Atlantic Chassis Pool was formed in 2006 as a way to more efficiently handle the provision of chassis for the movement of containers in the Southeast. Today, this pool provides about 40 percent of the chassis offered in CCM managed pools. While this pool has historically been an effective solution to chassis provision, the current fleet is both aging and has not kept up in size with the growth of containerized trade in the Southeast. Additionally, chassis provision…

m/v Philadelphia. Photo: Diana Shipping Inc.

Koch Shipping Signs Charter Deal for Diana's Bulker m/v Philadelphia

Diana Shipping  announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The global shipping company specializing in the ownership of dry bulk vessels said that the  gross charter rate is US$20,000 per day, minus a 5% commission paid to third parties, for a period of about 20 months to maximum 23 months. The charter commenced on June 18, 2018.

Image: ENI

MOL Snaps Up Adriatic Gas via Croatian Unit

MOL Group’s Croatian INA agreed to buy Eni Croatia BV, a wholly-owned member of Eni Group, through which Eni participated in the joint project of gas production in Croatia’s offshore areas Northern Adriatic and Marica. INA will become the 100% owner and the sole operator of the Northern Adriatic and Marica fields after all conditions are fulfilled, including receiving clearance from the antitrust authorities, which is expected in the coming months. The transaction covers 4.3 million…

From left, SC Ports Authority Senior Vice President of Operations and Terminals Barbara Melvin and CEO Jim Newsome celebrate the purchase of 26 rubber-tired gantry cranes with Konecranes representatives Mika Mahlberg, Executive Vice President of Port Solutions and Jussi Suhonen, Regional Sales Director Americas, Port Solutions. (Photo: SCPA)

SC Ports Plans for 5% Container Growth

Today, the South Carolina Ports Authority Board of Directors adopted a 2019 fiscal year financial plan that includes five percent pier container growth, $280.8 million in operating revenues, $42.9 million in operating earnings, and capital expenditures of $277.6 million. The plan projects a pier container volume, or boxes handled, of 1.305 million during FY2019, as well as a five percent increase from the 1.24 million pier containers that the SCPA expects to handle in FY2018, which ends June 30.The Port is planning for strong volumes at both inland rail facilities in FY2019.

Photo: GasLog Partners

GasLog Partners Signs New Charter Agreement with Cheniere Energy

GasLog Partners announced that it has entered into a new multi-year time charter for the GasLog Sydney with a wholly owned subsidiary of Cheniere Energy scheduled to commence in 2018. The charterer has options to extend the charter for up to two consecutive periods at escalating rates. GasLog Sydney is a 155,000 cbm tri-fuel diesel electric liquefied natural gas (LNG) carrier built in 2013 and currently on a multi-year time charter with a wholly owned subsidiary of Royal Dutch Shell plc through September 2018.

(Image: KVH)

Nordic Hamburg Inks Connectivity Deal with KVH

KVH Industries, Inc. announced today that global ship manager Nordic Hamburg has chosen KVH’s new advanced TracPhone V7-HTS antenna equipment and the AgilePlans subscription-based Connectivity as a Service (CaaS) program to bring fast, global connectivity to its vessels. Installations for 13 vessels have been completed, with plans for an additional 12 through 2018.“The AgilePlans program provides the highest flexibility for our fleet and we were also attracted to KVH’s global coverage…

Photo: Oakland Seaport

SSA Terminals Extends Marine Lease at Oakland

A major global marine terminal operator has OKd a new Port of Oakland lease that runs through 2027. The agreement includes options that could keep SSA Terminals (Oakland) here to 2042. The Port today characterized the deal as validation for the city’s maritime future. “SSA is an influential player on the waterfront worldwide, and a significant presence in Oakland,” said Port Maritime Director John Driscoll. Oakland’s Board of Port Commissioners approved the new lease last night.

Chofu Works. Photo: Kobe Steel

NYK Line, Asahi Shipping Sign Contract with Kobe Steel

Nippon Yusen Kabushiki Kaisha (NYK Line)  together with Asahi Shipping, has concluded a long-term contract with Kobe Steel for the transport of coal for up to 20 years aboard a newly built ship. After delivery of the new vessel from Oshima Shipbuilding in 2021, the ship will transport coal from locations outside Japan to mainly the city of Kobe. This ship will be equipped with a diesel engine compliant with a more stringent environmental regulation limiting nitrogen oxide (NOx) emissions — i.e.…

MT Frederica. Photo: Monjasa Group

Monjasa Acquires Bunker Supply Vessel for English Channel Operation

Monjasa acquires the 3,600 DWT tanker, MT Fredericia for continued bunker operation in the English Channel. Leading up to the acquisition, the vessel has been on time charter by Monjasa for several years and the ceaseless high performance of the vessel now leads to definitive Monjasa ownership. In 2016, Monjasa established a niche market in the English Channel as an alternative for shipowners and operators taking bunkers in the ARA hub. In this setup, MT Fredericia plays a significant role and currently performs exclusive bunkering operations in the Portland…

Photo: MOL

MOL's Coal Carrier OI MARU to Serve JERA Trading

Mitsui O.S.K. Lines (MOL) has announced the delivery of the coal carrier OI MARU, which will serve JERA Trading , was delivered at Imari Shipyard and Works of Namura Shipbuilding on June 14, 2018. The vessel, which was jointly developed by Namura Shipbuilding and MOL, is a state-of-the-art coal carrier with a wide-beam/shallow-draft configuration and wide range of advanced safety and energy-saving features. The vessel is so-called "Hekinan MAX" which has characteristic 250 meters length to maximize transport volume to the discharging port…

Manfredi Lefebvre D’Ovidio (left) shakes hands with Richard D. Fain after signing a deal that gives Royal Caribbean a 66.7 percent stake in Silversea (Photo: Silversea Cruises)

Royal Caribbean Buys $1 Bln Stake in Silversea Cruises

Royal Caribbean Cruises Ltd (RCL.N) said on Thursday it would buy a 66.7 percent stake in privately owned Silversea Cruises for about $1 billion to add ultra-luxury and expedition cruises to its fleet.Silversea Cruises, which has nine ships, sails to destinations including Antarctica, the Arctic and Greenland, with most of its tickets selling for more than $5,000.In contrast, the most expensive cruises run by Royal Caribbean under its Azamara Club Cruises brand cost around $3…

Photo: SAL Heavy Lift

SAL Heavy Lift Inks Deal for Horns Rev 3 Shipments

SAL Heavy Lift said it signed a contract with GeoSea NV for the shipment of a total of 49 transition pieces for the Horns Rev 3 Offshore Wind Farm.The assignment compiles transportation of TPs from fabrication yards in Aalborg, Denmark and Vlissingen, Netherlands to the project port of Esbjerg in Denmark. SAL must prepare a full HSSE and Quality plan, create the technical design and finalize the engineering work, execute procurement as well as fabrication of five TP grillages and one lifting tool and get the vessel ready to load the first units.Each of the 49 TP’s measures 32…

Photo: GPA

GPA Sees Busiest May for Total Tons, TEUs

The Port of Savannah handled 3 million tons of cargo in May, an increase of 8.9 percent or 247,671 tons compared the same month a year ago. Total cargo crossing all terminals reached 3.22 million tons. "Our May numbers reflect strong performances in breakbulk and containerized trade, showing growing global demand for both retail goods and manufacturing inputs," said GPA Executive Director Griff Lynch. Last month was GPA's busiest May ever and the second busiest month in the Port of Savannah's history…

AGL Energy Inks Deals for LNG Import Jetty

Australian power producer AGL Energy said on Tuesday it has signed two agreements for its planned liquefied natural gas (LNG) import terminal at Crib Point in the southeastern state of Victoria.The first is with pipeline firm APA Group to develop and construct the Crib Point Pakenham pipeline, and transport gas from the proposed LNG terminal to the domestic market, AGL said.The second is with the Port of Hastings Development Authority for the long-term use of Crib Point Jetty berth 2 to moor the floating storage and regasification unit (FSRU).Both are subject to a final investment decision to

VLCC Maran Aphrodite Changes Destination for Fourth Time

New-build VLCC Maran Aphrodite, which is carrying a 200,000 tonne diesel cargo from Asia, has changed its final destination for a fourth time, Reuters ship-tracking data showed.The ship was originally calling on Rotterdam before changing its destination to New York harbor on May 11, then to Gibraltar on May 29, then to Southwold in the U.K. on June 5.As of the evening of June 11, the tanker is again calling on Gibraltar.The vessel was chartered by Total, according to traders.Reporting by Ahmad Ghaddar

Photo: Kalmar

A World-first Intermodal Automation Solution is on the Way

Kalmar, part of Cargotec, and Navis, part of Kalmar Business Area within Cargotec, have been awarded the contract to supply a state-of-the-art, fully automated intermodal terminal solution for Qube's Moorebank Logistics Park (MLP) in south-western Sydney. The order, valued at approximately EUR 80 million, includes the supply of the OneTerminal solution comprising Kalmar's automated train handling, automated yard crane and automated horizontal transportation equipment and the Navis N4 terminal operating system (TOS). It was booked into Cargotec's 2018 second quarter order intake.

(Photo courtesy White Pass & Yukon Route)

Carnival Scoops Up Port, Rail and Retail Operations in Alaska

A subsidiary of Carnival Corporation has reached a deal to purchase port, railroad and retail operations that form a gateway to the Klondike Gold Rush region, in a major push into the Alaskan tourism industry.Carnival, the world’s largest cruise and leisure travel company, announced Thursday it has entered a purchase and sale agreement through its subsidiary Holland America Princess Alaska Tours to acquire TWC Enterprises Limited’s White Pass & Yukon Route (WP&YR) division, which includes port, railroad and retail operations in Skagway, Alaska.

File Image (CREDIT: AdobeStock / © Lucasz Z)

Baltic Index Up for Sixth Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday for a sixth straight session as rates across vessel segments saw gains. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 55 points, or 4.1 percent, at 1,395 points, its highest in over three weeks. The capesize index was also up a sixth straight session and gained 132 points, or 6.3 percent, at 2,220 points.

 Baltimore. Photo: Diana Shipping Inc.

Diana Shipping Signs TC Contract for m/v Baltimore with Koch

Diana Shipping through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping, Singapore, for one of its Capesize dry bulk vessels, the m/v Baltimore. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$18,050 per day, minus a 5% commission paid to third parties, for a period of about 12 months to about 14 months. The charter commenced earlier today. The m/v Baltimore was chartered…

(Photo: Siemens)

Siemens Deepens Ties to China's 'Belt and Road' Push

Siemens has signed more than 10 cooperation agreements with Chinese companies as it seeks to benefit from deepening involvement with China's "Belt and Road" infrastructure initiative, the German engineering group said on Wednesday.Siemens said the cooperation covers power generation, energy management, building technology and intelligent manufacturing and includes companies such as China National Chemical Engineering Group Corp, China Railway Construction Corp(International) Ltd and China Civil Engineering Construction Corp.The cooperation pact aims to target projects in countries and regions

Photo: Scorpio Tankers

Scorpio Tankers Sells, Leaseback Six Tankers

Scorpio Tankers  announced  that it has agreed to sell and leaseback six MR product tankers (STI Battery, STI Milwaukee, STI Tribeca, STI Bronx, STI Manhattan, and STI Seneca) to CMB Financial Leasing. Upon completion, the Company’s liquidity is expected to increase by $52 million in aggregate after the repayment of outstanding debt. These lease financing arrangements are part of the Company’s new financing initiatives that were announced on April 25, 2018. As part of the agreements, the Company will bareboat charter-in the vessels for a period of eight years.

Front row, from left: GAC Group Vice President – Americas Bob Bandos and Managing Director of LNG for Translux Marcellus Catalano. Second row, from left: GAC LNG Services Business Manager Tim Karl and GAC Group President Bengt Ekstrand. (Photo: GAC)

GAC to Provide Voyage Management for Translux

GAC LNG Services said it has secured a global contract to provide voyage management services to Translux Limited as they enter the liquefied natural gas (LNG) business.GAC LNG Services, officially formed in 2016, provides a full-service solution for the sector, covering charterers’ vessel operations, as well as technical and commercial information. Under the Translux agreement, GAC’s global network of offices and approved agents will support operations, which will be overseen by GAC LNG Services in Houston.Bob Bandos…

Photo: Cargotec

Kalmar Upgrades Bristol Port's STS Crane

Kalmar, part of Cargotec, has signed a contract with The Bristol Port Company to undertake a comprehensive upgrade of one of the terminal's ship-to-shore (STS) cranes.The order was booked in Cargotec's 2018 second quarter order intake and the upgrade project is scheduled to be completed during Q1 2019.The Port of Bristol is located at the mouth of the River Avon in south-west England and can handle vessels of up to 130,000 dwt.James Overthrow, Director of Engineering at The Bristol…

Photo courtesy of KVH

BW Adds KVH Connectivity Services to 45 More Vessels

KVH Industries, Inc. announced that BW Group has chosen KVH’s connectivity services for 45 additional vessels in its fleet. The two companies will also continue with a connectivity contract for the LPG and LNG vessels in BW’s fleet that have had KVH’s VSAT systems and services since 2013.“We chose KVH because of their commitment to excellence, the ease of working with a sole provider, and the cost advantages that we can achieve with fast, reliable connectivity and global coverage,” says Tor-Egil Gjulem, BW Group’s global head of procurement.

C-MAP Wins Chevron Shipping Contract

Following a competitive tender, Chevron Shipping Company LLC (CSC) has selected smart shipping solutions from C-MAP, a provider of commercial marine charting and cloud-based software solutions for fleet management and route optimization.CSC will deploy C-MAP’s onboard platform that employs advanced algorithms and customized ship performance models to deliver voyage optimization. The platform, called Integrated Maritime Suite (IMS), enables users to optimize routes to get the fastest arrival times…

SFL Acquires Four 14,000 TEU Vessels

Ship Finance International Limited (SFL) informs it has agreed to acquire four large container vessels in combination with long-term time-charters to a leading container line.The vessels are modern eco-design built in 2014 with approximately 14,000 TEU carrying capacity. The company said it expects to take delivery of the vessels in the near term, and the purchase price is confidential.The time-charters to a leading Asia-based container line run until 2024, with options to extend the charters by 18 months.

Christine Cabau Woehrel and Ambroise Fayolle sign the €50 million agreement (Photo: Marseille Fos)

EIB Backs Marseille Fos projects in €50 Mln Deal

European Union institution the European Investment Bank (EIB) has renewed its partnership with French port Marseille Fos under a €50 million funding agreement to support five key development projects.The projects, which require a total investment of €136 million, include connecting the two existing Fos 2XL deepsea container terminals via a mid-section to provide a continuous quay length of 2.6km. Due to start this summer, the extension will increase capacity by 15-20 percent and…

Kanoo Shipping Acquires Wallem South Africa

Kanoo Shipping, a shipping agencies in the Middle East will acquire Wallem South Africa, a provider of integrated maritime solutions in the cities of Durban and Cape Town. Wallem South Africa, now Kanoo Africa PTY LTD, was part of The Wallem Group, the world’s largest providers of Ship Management, Ship Agency, Ship Broking, Commercial Vessel Management and Freight & Logistics. The strategic acquisition by the fully owned business division of Yusuf Bin Ahmed Kanoo Group (YBA Kanoo) will give it access to all South African ports as well as clients in Mozambique…

Image: GasLog

GasLog Sets Charter Deal with Centrica, Orders New LNG Vessel

Monaco-based LNG shipper GasLog signed a seven-year charter deal with the UK-based energy company Centrica for a newbuild LNG carrier it has ordered at the South Korean shipbuilder Samsung Heavy Industries. A 180,000 cubic meter LNG carrier (HN 2262) with low pressure two stroke (“LP-2S”) propulsion has been ordered from Samsung Heavy Industries in South Korea, with expected delivery in the third quarter of 2020. The rate of hire for the Charter is broadly in line with mid-cycle rates.

Rotterdam. Photo: Diana Containerships Inc.

Diana Containerships TC for m/v Rotterdam with Wan Hai Lines

Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Wan Hai Lines (Singapore) Pte Ltd. for one of its Post-Panamax container vessels, the m/v Rotterdam. The global shipping company specializing in the ownership of containerships said in a press release that the gross charter rate is US$18,200 per day, minus a 3.75% commission paid to third parties, for a period of up to minimum April 15, 2019 to maximum July 15, 2019. The charter will commence on July 13, 2018.

(U.S. Navy photo by Daniel Barker)

Inchcape to Pay $20 Mln for Allegedly Overbilling US Navy

U.K. based marine services contractor Inchcape Shipping Services Holdings Limited and several of its subsidiaries have agreed to pay $20 million to resolve allegations that they violated the False Claims Act by knowingly overbilling the U.S. Navy under contracts for ship husbanding services, the U.S. Department of Justice announced.Inchcape provided goods and services, including food and other subsistence items, waste removal, telephone services, ship-to-shore transportation, force protection services and local transportation…

Image: Cargotec

Kalmar Delivers Forklifts to Port of Dalian in China

Kalmar, part of Cargotec, in conjunction with Dalian De Yulong Electrical and Mechanical Engineering Technology Corporation Limited, has received an order for three Kalmar Essential Forklifts from Dalian Port Corporation Limited, Bulk Grain and related Logistics. The order was booked into Cargotec's 2018 second quarter order intake and the delivery was completed in May 2018. Dalian Port Corporation Limited is one of the most important transhipment hubs for bulk handling (includes bulk grains…

Photo: Zeaborn Group

Intermarine Enters Joint Venture with Zeaborn Group

Maritime Holdings Delaware, LLC, parent company of project, breakbulk and heavylift cargo carrier Intermarine, LLC has entered into a joint venture agreement with Zeaborn Group.The joint venture entity, ZeaMarine GmbH, will include the transfer of assets and operating entities from Zeaborn´s commercial activities as well as Zeaborn-owned Rickmers Line GmbH and Maritime Holdings-owned Intermarine, LLC.The shareholders of the newly-formed ZEAMARINE will also commit to fund new capital to grow the joint venture. Zeaborn Group will serve as the majority shareholder.