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Thursday, April 18, 2019

G E Shipping News

Image: MOL

MOL Buys Reliance Ethane Carrier Fleet

Japanese shipping giant Mitsui OSK Lines (MOL) will buy Reliance Industries (RIL) stakes in Singapore-based Reliance Ethane Holding (REHPL) which has a fleet of six very large ethane carriers (VLECs).RIL has 100% holding in six limited liability companies (LLCs) which own the VLECs. "MOL and a strategic minority investor have signed binding definitive agreements for an investment in the six special purpose limited liability companies each owning a VLEC," said a statement from the Mukesh Ambani-led Indian conglomerate holding.Transaction closing is subject to regulatory approvals.

Image: BOX BAY FZCO

DP World, SMS Launch Boxbay

Global ports operator DP World and industrial engineering firm SMS Group announced "Boxbay", a new and 'smart' shipping container storage system that aims to change the way that containers are handled in ports.The patented design and rack structure of the system creates unique advantages with containers stored up to eleven stories high, delivering the capacity of a conventional terminal in a third of the surface area.By being fully automated it has direct access to each container, eliminating unpaid and unproductive reshuffling.

Peter Sand, BIMCO

“It’s the steel production, stupid!”

BIMCO's Peter Sand, in a new report, weighs in on the implications for the Dry Bulk sectors.Chinese imports of iron ore keep falling, while its crude steel production keeps growing. China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Capesize ships are impacted by this, way beyond the temporary iron ore export disruptions in Brazil and Australia.Chinese steel production grew by a massive 12.6 million tonnes (+9.2%) in the first two months on 2019 as estimated by China Iron and Steel Association (CISA).

Map: ReCAAP ISC

Asia: Robbery Reduced by 52% in Q1

A total of 10 incidents of armed robbery against ships (comprising nine actual incidents and one attempted incident) were reported in Asia during January-March 2019 compared to 21 incidents (comprising 15 actual incidents and six attempted incidents) during January-March 2018.This accounts for a 52% decrease in the total number of incidents reported during January-March 2019 compared to the same period in 2018, said ReCAAP ISC's Piracy and Armed Robbery against Ships in Asia for the 1st Quarter Report…

Pic: Maersk Line

Digital Container Shipping Association Formed

Four container shipping giants -  AP Moller-Maersk, Hapag-Lloyd, MSC and ONE - have jointly established Digital Container Shipping Association (DCSA)  in The Netherlands to drive standardisation, digitalisation and interoperability in the industry.Industry veterans form leadership team, with Thomas Bagge appointed as CEO, said a press release from Hapag-Lloyd.After gaining regulatory approval from the Federal Maritime Commission (FMC) last month, four container shipping companies officially established the Digital Container Shipping Association (DCSA) on April 12…

Logo: ISA

Demand for Box Shipping of Soybeans to Asia Grows

Countries in Asia, led by Indonesia, are increasingly relying on shipping containers to transport their purchases of U.S. soybeans, according to an analysis of federal data released by the Illinois Soybean Association (ISA).The number of soybeans shipped in containers to Asian countries has grown 40 percent since the 2014-2015 crop marketing year, from 2 million metric tons to 2.8 million metric tons. Indonesia is the top buyer of container shipments of soybeans at about 1.4 million metric tons…

File Image: AdobeStock / © Jose Gill

Diesel Laden VLCC Changes Course for Togo

The Very Large Crude Carrier (VLCC) Olympic Lyra changed its destination to Lome in Togo from Southwold in Britain, Refinitiv ship tracking data showed.VLCCs have a capacity of around 300,000 tonnes and their arrival in a region can affect refining margins.The Olympic Lyra, sailing from Asia, was supposed to arrive in Britain around May 7, but the shipping data now shows an estimated time of arrival in Lome on April 25. VLCCs often carry refined, or clean, oil products on their maiden journey before switching to crude oil or fuel oil.Reporting by Shadia Nasralla

Photo: Bahri

Bahri Expands Footprint in Asia-Pac

The National Shipping Company of Saudi Arabia (Bahri) has announced the expansion of its market presence in the Asia-Pacific (APAC) region’s maritime industry.The stronger presence will help the company gain deeper insights into market trends as well as customer needs in chemicals and logistics sectors in Singapore and the wider APAC region, said a press release from the logistics and transportation company.The expansion will also enable Bahri Logistics and Bahri Chemicals, two of five business units of the company…

Sandra Goranovic (Photo: Crowley)

Crowley Shipping Promotes Goranovic

Crowley Maritime Corp. has announced that Sandra Goranovic has been promoted to vice president of finance and accounting for its Crowley Shipping business unit.In her expanded role as part of the Crowley Shipping leadership team, Goranovic will direct the business unit’s finance and accounting strategies, practices and planning. She will continue reporting to Rob Grune, senior vice president and general manager.Her responsibilities include analysis of the business unit profits…

File Image (CREDIT: Port of Oakland)

Oakland Adds Vietnam Shipping Service

The Port of Oakland will add new direct service to Vietnam by late April. Pacific International Lines (PIL) will launch direct Vietnam links using vessels that can carry up to 11,900 20-foot containers. PIL’s new service is called AC5 and is in partnership with Cosco and Wan Hai.New Vietnam-US West Coast service:•Haiphong, Vietnam loop – Haiphong, Nansha, Hong Kong, Yantian, Long Beach, Oakland, Yantian, Haiphong (AC5)In 2018, Vietnam was the Port of Oakland’s third largest import market and fifth largest export market.

Braemar Appoints Non-Executive Chairman

Braemar Shipping Services announced the appointment of Ronald Series as its Non-Executive Chairman with effect from today. Series will also chair the Company’s Nomination Committee. He succeeds David Moorhouse CBE, who retired from the Board with effect from April 14, 2019.Series, a chartered accountant, has a strong track record of leading businesses in a variety of sectors and significant experience with international companies. He is currently the Executive Chairman of DX (Group) plc…

Pic: Avance Gas

Avance Gas Names Ulrik Andersen as CEO

Avance Gas Holding, a Bermuda-based company engaged in the transportation of liquefied petroleum gas, announced the appointment of Ulrik Andersen as Chief Executive Officer of Avance Gas AS, the management company of the Avance Gas group.Ulrik Andersen is appointed as Chief Executive Officer effective August 2019, a press note said.Ulrik has extensive experience from VLGC ship owning, most recently as Commercial Head of Shipping for Petredec. Prior to working with Petredec, Ulrik served as Managing Director for Neu Gas Shipping…

Log-In’s Jacaranda berthed at Tecplata. Pic: ICTSI

ICTSI Argentina Opens TecPlata Terminal

International Container Terminal Services Inc (ICTSI) has inaugurated container operations at TecPlata, located in Argentina’s Puerto de La Plata.The opening ceremony was attended by the vice governor of the province of Buenos Aires, the Minister of Production and several other national, provincial and municipal officials.The opening rites were highlighted by the arrival of Jacarandá, a vessel of Log-In, a Brazilian shipping line specializing in door-to-door logistics solutions which recently signed an agreement with TecPlata…

Pic: International Maritime Organization

IMO Event Inspires Maritime Women

“Use your power to empower”. “Say what you’re thinking”. “Listen to the ‘yes’ voice in your head”. “Return every phone call every day”. “Believe in yourself”.This was the advice given by a wide variety of inspiring maritime women sharing their experiences of entering, working and leading in the maritime world at a special on "Women, ports and facilitation" at International Maritime Organization (IMO) Headquarters, London (10 April).The speakers presented on, and answered questions about, their work and the future for women in the field – identifying a series of key issues and recommendations.

Photo: Port of Oakland

Port of Oakland Reports Surging Q1 TEU's

The Port of Oakland has reported a positive first quarter in its cargo volume. Through the end of March 2019, the Port handled 612,151 twenty foot-long containers compared to 587,356 during the same period in 2018. That represents a 4.2 percent increase.There has been some concern in the shipping industry that a recent import surge has cooled. The surge was caused by shippers last year trying to get ahead of possible new tariffs affecting U.S.-China trade.“Though the import rally has calmed down…

cheneire's Sabine Pass Terminal. CREDIT: Cheneire

U.S. LNG Shipments Fall to Six-Month Nadir

U.S. shipments of liquefied natural gas are expected to fall to their lowest level in six months in April, after a leading U.S. supplier shut units for maintenance at a time when a glut of supply has driven some worldwide prices to near three-year lows.Based on exports through April 10, the United States is on track to sell roughly 91.5 billion cubic feet per day (bcfd) of natural gas as LNG, which would be the lowest since October. That compares with an estimated record 139.8 bcfd shipped in March…

Agency Manager David Thorburn (left) with the Harbourmaster of Montrose Port Authority, Tom Hutchison and local legend Bamse the St Bernard. (Photo: GAC Group)

GAC Opens UK Office

GAC UK said it has opened its 20th branch at the historic port of Montrose on the east coast of Scotland, just seven months after welcoming its 19th office at nearby Dundee.Established in 1493, the port of Montrose is known as the “gateway to the North Sea” and is now a thriving support and service hub for the energy and shipping industries, as well as other shipping sectors including cruise. More than $28 million has been invested in upgrading its infrastructure since 2010 - with the latest reinforcing two of its berths at a cost of $9.4 million…

Image: Burckhardt Compression

Burckhardt Supplies Laby Compressors for LNG Vessel

Swiss firm specialising in reciprocating compressors, Burckhardt Compression AG is outfitting a 30,000 m3 LNG carrier operated by Knutsen OAS Shipping AS with Laby compressors.The Laby compressors will be delivered to Hyundai Mipo Dockyard as part of the fuel gas supply system built by Wärtsilä Oil & Gas Solutions and will supply the LNG carrier’s WinGD X-DF 2-stroke, dual-fuel engine with LNG boil-off gas as fuel.The X-DF engine, a two-stroke engine from Winterthur Gas & Diesel…

Image: Hydroniq Coolers

Hydroniq to Cool Ulstein-Built Vessel

Norwegian shipbuilder Ulstein Verft has awarded a contract to Hydroniq Coolers to deliver a hull-integrated seawater cooling system for a polar expedition vessel the shipbuilder is constructing for Lindblad Expeditions Holdings, Inc.The expedition vessel, designed by Ulstein, will be the first polar new build in the Lindblad Expeditions-National Geographic fleet. Lindblad Expeditions Holdings, Inc. is an expedition travel company that works in partnership with National Geographic to inspire people to explore and care about the planet.

Pic:  DNV GL

Singapore Remains Top Maritime Capital

Singapore has been ranked the world's top maritime capital for the fourth consecutive time in the Leading Maritime Capitals of the World (LMC) report. The Leading Maritime Capitals report for 2019 is with fresh insight on which maritime metropolises provide the best support for companies in shipping and related services.Criteria include soft and hard infrastructure and access to world-class talent and services – all key components that maritime businesses need to thrive in their chosen locations.Singapore maintained its top position at the head of the 15 leading maritime capitals.

Pic: CMA CGM

CMA CGM Finalizes Ceva Logistics Tender

French shipping giant CMA CGM has completed its public tender offer to acquire CEVA Logistics.The French carrier has confirmed the acquisition of Ceva Logistics after announcing it holds 97.89 percent of the company’s stock and will therefore de-list it from the Zurich Stock Exchange after April 16."Merging CEVA's operations into the CMA CGM Group will strengthen its position as a worldwide leader in maritime transport and logistics. Present in 160 countries, the Group will be 110…

Senior Minister of State, Ministry of Transport & Ministry of Health, Dr Lam Pin Min. Photo: MPA

Singapore Seeks Marine Digital Transformation

Singapore's maritime sector is preparing to ride the wave of digitalisation as a means to chart next phase of growth. The Maritime and Port Authority of Singapore (MPA) will focus on digitalisation to help companies innovate and improve productivity over the next three years, said Dr Lam Pin Min, Senior Minister of State, Ministry of Transport & Ministry of Health.The Singapore Maritime Institute (SMI) will also present the Singapore Maritime R&D Roadmap 2030 to optimise R&D efforts and resources for greater value co-creation within the maritime industry.Ms Quah Ley Hoon…

Photo: NYK

NYK Fixes Newbuild LNG Carrier with Edison

Japanese shipping and logistics giant Nippon Yusen Kabushiki Kaisha (NYK) has signed a contract with Edison SPA, a Milan-based energy company, to charter out a newly built liquefied natural gas (LNG) carrier for up to 20 years, including optional extension periods.The vessel is scheduled for delivery in 2022 from Hyundai Samho Heavy Industries Co. Ltd. The newly built LNG carrier will be propelled by WinGD-manufactured, dual-fuel slow-speed diesel engines.Dual-fuel slow-speed…

Image: Maersk

Maersk Mulls Trade Financing Growth in India

Shipping major AP Moller-Maersk Group's export-import (exim)-focused trade finance arm Maersk Trade Finance is targeting a 33 percent loan disbursal growth at $200 million in 2019 in India.The trade financing solution arm of Danish business conglomerate said that it disbursed a total of USD 0.7 billion globally till date since its inception in 2015, with over 150 million in India in the year 2018, a 53% Y-o-Y increase as compared to 2017.Vipul Sardana, Global Head of Maersk Trade Finance said “Indian SME sector continues to play a significant role in India's economic development.

ULCC_AdobeStock_CREDIT Jose Gill

BIMCO: US Seaborne Crude Oil Exports Hit Record High

US exports of crude oil have, since August 2018, continued to rise every month, with a new record high in January of 9.6 million tonnes. Exports rose in January on the back of increased sales to Europe, which rose from 2.7 million tonnes in December to 4.8 million tonnes in January.A strong end to 2018 meant that volumes for the full year totalled 87.4 million tonnes, 96.7% higher than the 44.4 million tonnes exported in 2017. This is good news for the crude oil tanker sector…

Photo: Wärtsilä

Wärtsilä Launches High Resolution Radar

The technology group Wärtsilä has launched its RS24 high resolution radar, the world’s first commercially available K-band maritime radar. By detecting far smaller objects and at a much higher radar resolution than conventional S or X-band radars, the RS24 enables small vessels and other potential hazards close to large ships to be visible. This promotes safety, especially in congested shipping lanes and busy ports. The technology has been developed by Guidance Marine, a Wärtsilä company.The first orders for the Wärtsilä RS24 have been received and delivered…