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Monday, September 23, 2019

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Dr. Kirsi Tikka (Photo: Ardmore Shipping)

Ardmore Appoints Dr. Tikka to Board of Directors

Ardmore Shipping Corporation (NYSE: ASC) (“Ardmore”) has announced the appointment of Dr. Kirsi Tikka to the company’s Board of Directors.Dr. Tikka has over 30 years of shipping experience having recently retired from the American Bureau of Shipping  (“ABS”) in July 2019. She joined ABS in 2001 and held various specialist and leadership positions within ABS including as ABS Executive Vice President Global Marine, Europe Division President, and as Vice President and Chief Engineer, Global.

CBP Photo/Greg Moore

CBP Leads Multi Agency K9 Search of Seaport Vessels, Containers

U.S. Customs and Border Protection (CBP) led a multi-agency canine examination of ships and shipping containers at the Port of Baltimore Wednesday.Dubbed Operation Port Days, the operation was billed as an opportunity to expose more local police narcotics detector dogs to the complexities of shipboard and shipping container examinations while searching for narcotics and other illicit contraband. Hotel-height container ships, pose unique challenges to canine examinations with tight…

(L-R) Konecranes S-Series, M-series and C-series. Images: Konecranes

Konecranes Rolls-out 3 Innovative Products

Finland's Konecranes, which specialises in the manufacture and service of cranes and lifting equipment for the ports and terminal industry, has announced the launch of three new lifting products that refresh its portfolio.The additions to their portfolio include the innovative new S-series, which uses a synthetic rope to delivers enhanced lifting performance and longer-lasting use. S- and M-series cranes will offer real-time data and insight via the yourKONECRANES customer portal…

Graph: GlobalData

US to Drive New-Build Gas Capacity

The US is expected to drive new-build gas processing capacity growth in the global gas processing industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 24% of global gas processing capacity growth by 2023, according to GlobalData. The US is expected to have a new-build gas processing capacity of 16.9 billion cubic feet per day (bcfd) by 2023, a report titles ‘Global Capacity and Capital Expenditure Outlook for Gas Processing Plants'…

Photo courtesy: Cleancor Energy Solutions LLC.

Cleancor's LNG Supply Push Via Mississipi River

Cleancor Energy Solutions, a unit of the the marine services company SEACOR Holdings, launched a joint initiative with the logistics and barge transportation company SCF Marine to increase the use and supply of LNG and CNG natural gas throughout the Mississippi River system.SCF’s in-depth knowledge of the U.S. Inland Waterways and its strategically located ports, terminals, barge fleets, and existing customer relationships provide Cleancor with a robust platform from which to deploy modern and mobile LNG and CNG equipment.

Pic: GLDD

GLDD Wins $141Mln Across Several Awards

The American company providing construction services in dredging and land reclamation, Great Lakes Dredge and Dock Company (GLDD) announced the receipt of several major dredging awards totaling $141 million.The North America's dredging industry leader said in a release that  awarded work includes: Jacksonville Deepening Contract B Option (Capital Deepening, Florida, $96.6 million); Baltimore Harbor (Maintenance, Maryland, $38.4 million) and Boston Harbor (Maintenance, Massachusetts…

Pic: Hyundai Heavy Industries

US Fines HHI $47Mln Over Dirty Engines

US authorities announced that South Korea's top shipbuilding conglomerate Hyundai Heavy Industries (HHI) will pay a US$47 million fine for illegally importing and selling dirty diesel engines in violation of American environmental rules.US Justice Department and and the U.S. Environmental Protection Agency (EPA) said that between 2012 and 2015, the company imported nearly 2,300 diesel-powered heavy construction vehicles with engines that did not meet US emissions standards.“Hyundai put profits above the public’s health and the requirements of the law…

Pic: Global Ship Lease

Global Ship Lease Bags Refinancing Deal

Global Ship Lease (GSL), UK-based holding company and containership charter owner, has now settled a five-year refinancing of its debt.According to the container ship owner, the new syndicated $268m credit facility is signed with a number of commercial lenders including Credit Agricole Corporate and Investment Bank, ABN AMRO Bank, CIT Bank, Hellenic Bank and Siemens Financial Services.GSL expects to draw down the first tranche of the New Senior Loan, in full, of $230 million shortly…

Image: Vitol

Korean H-Line Sign LNG Carrier TC with Vitol

Dutch energy and commodities group Vitol and South Korea's H-Line Shipping have executed a 10-year time-charter agreement for a newbuild, latest generation LNG carrier.The commodity trader said that the 174,000m3 vessel with XDF propulsion is to be built at Korea’s Hyundai Samho Heavy Industries (HSHI) and is due for delivery in late 2021.Vitol also holds extension options and the ability to exercise additional LNG carriers to support its further growth in the LNG industry through this partnership with H-line.Pablo Galante Escobar…

© currahee_shutter / Adobe Stock

Aurelius Backs Ardent Buyout

Alternative direct lender AURELIUS Finance Company has provided financing to support the buy-out of emergency management and offshore decommissioning company Ardent from co-owners Svitzer, a global towage operator, and Crowley Holdings, a holding company of international marine and logistics services provider Crowley Maritime Corporation.The deal will see Ardent’s senior management team acquire a shareholding in the company. The financial terms of the deal have not been disclosed…

From left: William J. "Bill" Shea, CEO of Direct ChassisLink, Inc and J. Christopher Lytle, 
recently retired Executive Director of the Port of Oakland, CA
 (Photo: CII)

Shea Awarded Annual Connie Award by CII

Some 300 transportation leaders packed a hotel ballroom Tuesday as the Containerization and Intermodal Institute presented its Connie Award to William J. "Bill" Shea, CEO of Direct ChassisLink Inc. (DCLI). J. Christopher Lytle, recently retired Executive Director of the Port of Oakland and former head of the Port of Long Beach, was given the group's Lifetime Achievement Award. The gala event was held at the Renaissance Hotel in Long Beach, CA.In his presentation remarks, Michal J.

Vessel Traffic Halted on Beaumont Ship Channel

Ship pilots stopped moving vessels along the Beaumont, Texas, Ship Channel due to severe weather caused by Tropical Storm Imelda, said the U.S. Coast Guard on Thursday.Imelda, officially downgraded to a tropical depression, dumped 24 inches (61 CM) of rain on east Texas is the past 24 hours, closing Exxon Mobil Corp's Beaumont refinery and chemical plant. (Reporting by Erwin Seba; editing by David Evans)

ABS VP of Global Gas Patrick Jansenns and John Houghtaling, CEO of AEC. Photo: ABS

AEC Collaborates with ABS for ULEC

American Ethane Company (AEC) is collaborating with ABS, the global provider of classification and technical advisory services to the marine and offshore industries, on a next generation fleet of Ultra Large Ethane Carriers (ULEC).ABS is actively supporting AEC and its shipping project partners, who will build, own and operate a fleet of ULECs to transport 7.2 MTPA of US ethane to China.“ABS is a world leader in the classification of gas carriers and classes the majority of the large ethane carriers built to date…

Photo courtesy of Crowley Maritime

Crowley Awards Scholarships to Four Cal Maritime Students

Crowley Maritime Corp. awarded Thomas B. Crowley Sr. Memorial Scholarships to four California State University Maritime Academy (CMA) cadets at the Containerization and Intermodal Institute’s Connie Awards last night in Long Beach, Calif.The recipients earned the scholarships based on their academic achievement, financial need and their interest in pursuing careers at sea.Spencer Hoffman, a third-year student from Loomis, Calif., is currently a junior studying marine transportation. He serves as a cadet ambassador for the academy.

Image: American Roll-on Roll-off Carrier

ARC to Christen 3 Vessels on Friday

American Roll-on Roll-off Carrier (ARC) will christen the ARC Resolve, ARC Integrity and the ARC Independence, welcoming three of the most versatile and militarily-useful ships to the U.S.-flag commercial fleet, on Friday in the Port of Baltimore.ARC’s three, new vessels will be enrolled in the Maritime Security Program (MSP), the bedrock Congressional maritime readiness program, and the Voluntary Intermodal Sealift Agreement (VISA).Maritime Administrator Mark H. Buzby will deliver the keynote address at the ship naming ceremony.

Image: Brittany Ferries

Brittany Ferries in Brexit 'Dry Runs'

French shipping company has embarked on a series of 'dry runs' - mock voyages - between the UK and France to ensure it is ready for any “no-deal” Brexit mayhem.The Cross-Channel ferry operator has already staged one rehearsal, with lorries travelling from Portsmouth overnight to Caen in France on September 11.Altogether 15 rehearsals are planned between now and mid-October. These will take place in eight Brittany Ferries ports: Portsmouth, Poole, and Plymouth in the UK, and Le Havre, Caen, Cherbourg, St Malo and Roscoff in France.

Pic: Georgia Ports Authority

GPA to Double Capacity, Draws $5Bln Investment

The Georgia Ports Authority (GPA) has revealed plans to double capacity at Garden City Terminal to 11 million twenty-foot equivalent container units per year.In Fiscal Year 2019, port-related industries announced $5 billion in new investment and 12,000 new jobs coming to Georgia.Port-related announcements of expansions and new business accounted for nearly $5 billion in investment and 12,000 jobs across the state of Georgia in Fiscal Year 2019, a year in which the Port of Savannah…

Pic: Port of Oakland

Oakland Port Refrigerated Exports Jump 20%

The Port of Oakland’s refrigerated exports have jumped 20% in past year. The Port said it handled 119,756 20-foot containers of refrigerated exports from August 2018 through July 2019. That was up from 99,740 in the same period a year ago."The figures reinforce Oakland’s position as the largest exporter of refrigerated cargo in containers among U.S. ports," said a press release from the container ship facility located in Oakland, California, in the San Francisco Bay.“Our business partners are investing to meet increased overseas demand for U.S.

MS Roald Amundsen. Photo: Hurtigruten

First Hybrid Cruise Ship Sails Northwest Passage

Norwegian cruise, ferry and cargo operator Hurtigruten announced that its new expedition cruise ship MS Roald Amundsen became the first battery-hybrid powered ship to ever traverse the legendary Northwest Passage last week.As MS Roald Amundsen arrived in Nome, Alaska on September 10, 2019, Captain Kai Albrigtsen made a monumental entry in the ship’s logbook: The first complete crossing of the more than 3,000 nautical miles passage from the Atlantic to the Pacific, by hybrid propulsion.“Every expedition cruise with Hurtigruten is unique…

Image: Evergreen

Evergreen Orders Ten Ships

Taiwanese shipping line Evergreen has confirmed its plans to build a total of ten 23,000 TEU containerships.According to a stock exchange filing, the new vessels would be built at three shipyards  in South Korea and China.According to the reports from the South China Morning Post, the enormous order will cost Evergreen anywhere between US$1.4 billion and US$1.6 billion. It is estimated that each vessel will cost between $140 million and $160 million.The new vessels could see Evergreen become the sixth biggest carrier line in the world…

Image: Maersk Tankers

Cargill, Maersk Tankers to Run Joint Pool

Commodities trader Cargill and shipowner Maersk Tankers aim to build a joint Medium Range (MR) tanker pool with more vessels as they seek to cut emissions."The strategic partnership will improve flexibility for customers and reduce fuel consumption and emissions, whilst having a positive impact on time-charter-equivalent earnings for partners," claimed Maersk Tankers which operates 164 product tanker vessels.Cargill will enter its MR fleet into the existing Maersk Tankers MR pool…

Photo courtesy of TNPA

LPG Tanks Arrive at Port of Richards Bay

Transnet National Ports Authority’s (TNPA) Port of Richards Bay welcomed the arrival of four new 5650-ton liquefied petroleum gas (LPG) storage bullets on Thursday, September 12th on board the vessel XIN LU.The bullets are for the 22,600-ton capacity mounded LPG facility which is being developed at the port by Bidvest Tank Terminals (BTT), a unit of the Bidvest Group. The terminal will store LPG on behalf of independent LPG specialist Petredec, which ships the fuel from the US and the Middle East.Construction began in October 2018 and the facility is expected to become operational in 2020…

Graph: Photo, CTS

BIMCO: Fleet Growth, Ship Size Up

Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter.Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter. Despite this rise, the growth figure remains substantially below what the industry has been used to…

Pic: Langh Ship

Langh Ship Going Green

Finnish shipping company Langh Ship said that it takes environmental matters into account in their day-to-day operations, and efforts to improve the state of the world’s seas are important to all Langh companies."The environmental perspective has been at the core of the Langh companies’ operations for some time now, and the companies are a partner of the John Nurminen Foundation and a supporter of the Foundation’s Clean Baltic Sea projects," said a press release from the owner…

Map to show the location of SPEC LNG. Avenir LNG

Colombia's SPEC LNG Expands

Colombia´s LNG Import Terminal Sociedad Portuaria El Cayao (SPEC LNG) has signed a joint development agreement with Calamari LNG, Avenir LNG and Höegh LNG on providing additional LNG services at the Cartagena import facility.The additional services planned to be provided directly from the FSRU Höegh Grace include, among others, cool down of conventional LNG carriers and reloading of small LNG cargoes for onward distribution throughout Latin America and the Caribbean.Jose Castro…

Image: MPC Container Ships

MPC Joins Trident Alliance

Norwegian shipowner MPC Container Ships (MPCC) as become the latest member of Trident Alliance, a network of shipping companies and other stakeholders.CEO Constantin Baack said: "Joining the Trident Alliance allows us to align our company with an important network of like-minded industry peers, and support industry-wide calls for effective and transparent enforcement around the world."Trident Alliance is a coalition of shipping owners and operators who share a common interest in effective…