Cargotec, JCE Invest AB Form Joint Bulk Business
Cargotec has signed an agreement with JCE Invest AB to establish a joint venture, Bruks Siwertell Group, specialised in dry bulk handling. The new joint venture will own Siwertell AB (previously part of Kalmar Business Area within Cargotec) and BRUKS Holding AB (previously part of JCE Group). Both companies are world-leading suppliers of bulk materials handling solutions. Cargotec will own 48% of the shares in Bruks Siwertell Group, and JCE Invest AB will own the rest, 52%. The ownerships are included to venturers' consolidated financial statements in accordance with the applicable regulation.
Container Shipping a 'Mixed Bag' - Drewry
South Asia container trade with Europe continues to outpace the Middle East, says Drewry in its Container Insight Weekly report.Container shipments in the combined eastbound Europe to the Middle East and South Asia trade performed well in the first quarter, rising by 5.2 percent year-on-year according to Container Trade Statistics. However, that aggregate rate hides two very different performances by the two destinations. CTS reports that inbound traffic to South Asia soared by 18 percent in 1Q18 to reach approximately 410…
Port of Hamburg, Metrans Group Join for Intermodal
The Port of Hamburg and Metrans Group are intensifying their links with Lithuanian Railways. Axel Mattern, Joint CEO of Port of Hamburg Marketing, and Egidijus Lazauskas, Deputy Director-General and Director Freight Traffic for Lithuanian Railways, have signed a Memorandum of Understanding in Vilnius to strengthen cooperation on the routes to and from the Port of Hamburg.In addition, Hamburger Hafen und Logistik AG - HHLA’s intermodal subsidiary Metrans, and Lithuanian Railways signed a Letter of Intent to promote and improve cross-border freight flows.For years…
Ferry with 335 People on Board Powerless in Baltic Sea
A Lithuanian-flagged ferry carrying 335 people is powerless in the Baltic Sea but no one is reported injured, a spokesman for Danish ferry company DFDS told Reuters."There was vibration and there was smoke, but no fire was noticed," the spokesman said, contradicting earlier reports from the Lithuanian military of a fire on board the vessel.He could not say whether the passengers and crew were in any danger and said the ferry would have to be towed to port.The company said the ferry would be towed to the Lithuanian port town of Klaipeda, where it was heading from Kiel in Germany when it experie
DFDS Ferry Continues Journey After Engine Incident
A ferry heading to Lithuania from Germany was able to continue its journey on Tuesday, hours after it lost power following an engine room incident, Lithuania's Defense Ministry said.The Lithuanian-flagged Regina Seaways, carrying 335 people, restored power to its main engine four hours after it issued a distress call due to a suspected fire in its engine room, the ministry said.No one was reported injured and the ferry was expected to dock in the port of Klaipeda by 2100 GMT, a spokesman for Danish ferry company DFDS said."There was vibration and there was smoke, but no fire was noticed," the
CMA CGM, Hapag-Lloyd Introduce ReUse in Mexico with Avantida
Avantida, an INTTRA company, announced that CMA CGM and Hapag-Lloyd, two of the world’s largest liner shipping companies, are offering reUse container management services in Mexico. reUse is a container triangulation service for transporters made available on Avantida’s online platform. It is the first time that this service is offered in Mexico, and for Avantida it is their first step into the North American market.This is how reUse works: once an import container has been unloaded it must be taken back to the port or assigned depot.
Konecranes to Install Container Cranes in Lithuania
JSSC Klaipedos Smelte in the Port of Klaipeda, Lithuania, has placed a large repeat order with Konecranes for ten Rubber Tired Gantry (RTG) cranes and two Ship-to-Shore (STS) cranes.The delivery of the RTG cranes will be completed in November 2019 and the STS cranes in December 2019. The parties have agreed not to disclose the value of the order.In August 2018 Konecranes signed a contract with JSSC Klaipedos Smelte in the Port of Klaipeda, Lithuania, for the supply of ten Konecranes…
Höegh LNG Secures Debt Financing for 9th FSRU
Norway's floating storage and regasification unit (FSRU) giant Höegh LNG said it has secured a USD 177 million debt financing for its FSRU delivery unit number 9. The FSRU is scheduled to be delivered in the fourth quarter of 2018. The facility comprises a 12-year tranche of USD 132 million guaranteed by K-SURE (South Korean export credit agency) and a five-year non-amortising commercial bank tranche of USD 45 million. A combination of existing and new lenders are participating…
EU Approves State Aid for Lithuania’s Klaipėda LNG Terminal
The European Commission said that the EC has approved under EU State aid rules the compensation granted by Lithuania to LITGAS for supplying a mandatory quantity of liquefied natural gas (LNG) to the LNG terminal in Klaipėda.In November 2013, the Commission approved under EU State aid rules an aid scheme to support the construction and operation of a liquefied natural gas (LNG) terminal at the Klaipėda seaportin Lithuania The LNG terminal has, since its construction, played a vital role in the diversification of gas supplies and security of supply in Lithuania.In June 2018…
Statoil's LNG Price for Lithuania to Fall by a Third
Liquefied natural gas (LNG) price from Norwegian company Statoil ASA for Lithuania is set to fall by more than one-third and the Klaipeda LNG terminal's maintenance costs are to decline by around 23% after Lithuania's gas trade company Litgas completed talks with the Norwegian supplier on a revision of their long-term gas purchase contract, reports LETA/BNS. According to Dalius Misiunas, CEO of the state energy group Lietuvos Energija (Lithuanian Energy), the price will go down to around 16-20 euros per megawatt-hour (MWh) under the new deal with Statoil, from around 27-30 euros currently.
Call for Development of Holistic Corridor in Baltic
Development of transport corridors ensures smart and innovative cross-border transport and logistics services on the core transport network of the Baltic Sea Region. The ways to develop the smart North Sea–Baltic, Baltic–Adriatic and Scandinavian–Mediterranean Core Network Corridors in the new Multiannual Financial Framework 2021-2027 were discussed in Tallinn earlier this week. The seminar “Delivering Smart and Innovative Strategic Transport Projects: post-2020 perspective” was organized as a part of the 9th Annual Forum of the EU Strategy for the Baltic Sea Region (EUSBSR).
Maersk Announces Rate Increase
The world’s largest container shipping company Maersk Line said that it will increase the rate from north Europe to west central Asia by US$100 per TEU, $150 per FEU and 40-foot high cube from March 1. This will apply to shipments from Finland, Russia, Lithuania, Estonia, Latvia to Bahrain, Iraq, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, UAE, Yemen, Bangladesh, India, Pakistan and Sri Lanka. Maersk Line would also change the way it announces price changes to its customers, following the European Union’s antitrust investigation into price collusion.
Pirates Kidnap Ship off Nigeria with 6 Turkish Crewmen
Six crew members of a Turkish cargo ship have been kidnapped by pirates in the Niger Delta, according to Nigerian Navy spokesman, Chris Ezekobe. The ship carrying chemicals was believed to be travelling from Gabon to Ivory Coast. The pirates attacked the ship late at night as it was sailing close to the oil-rich Niger Delta. “All the six Turkish crew members, including the captain of the vessel, the chief officer and the chief engineer, were abducted by the attackers,” Ezekobe confirmed. The spokesman said the navy was going to board the vessel to speak to other crew members.
SENER to Exhibit FORAN V80 Version at 1st Baltic FORAN Day
The SENER engineering and technology group organizes the 1st Baltic FORAN Day, which will take place in the Hilton Gdansk Hotel, Targ Rybny 1, Gdansk, 80-838, Poland, on the 28th of April. This Baltic FORAN Day is focused to Baltic Region countries, like Poland, Sweden, Lithuania, Latvia, Estonia, Deutschland, Norway, Sweden and Germany. The aim of this open and free event, organized by SENER, is to present the advantages of its FORAN CAD/CAM System to fulfil the shipbuilding challenges and to share experiences between professionals, from ship design offices, shipyards and universities.
Wartsila's Value of Expediency
Regasifying and storing LNG offshore has allowed customers to import gas without committing to land-based infrastructure. The option also speeds up access to vast amounts of energy. “Wärtsilä focuses on completing the LNG value chain,” says Timo Koponen, Vice President, Flow and Gas Solutions, Wärtsilä. “It’s basically creating an alternative to pipeline gas. The end users vary, from industrial clients connected to smaller FSRUs – essentially an LNG carrier equiped by the addition of on-board storage and regas facilities – to large utilities.
New Floating Dock Heads to Klaipeda
The world's largest heavy transport vessel Dockwise Vanguard is transporting a new floating dock from Montenegro to Lithuania. The floating dock was acquired in June 2016 and began its journey to Klaipeda, where it will be installed at the Western Shipyard owned by BLRT Grupp. In the beginning of August the 11,000 ton floating dock was loaded onto the Dockwise Vanguard, world's only vessel with a deadweight of 110,000 tons for carrying heavy loads and floating oil and gas platforms.
Port of Hamburg’s 2017 Volumes on Pace with 2016
At 70 million tons, first-half seaborne cargo throughput in Hamburg in 2017, including the general and bulk cargo segments, all but matched the previous year’s, being one-fifth of one percent (0.2 percent) lower. In the first six months of 2017 containerized general cargo throughput at 4.45 million TEU (20-ft standard containers) was at the previous year’s level. Up by one percent at 23.5 million tons, bulk cargo throughput in Germany’s largest universal port continued to grow.
MET International Plans to Boost LNG Trades
Switzerland-based MET International AG plans to boost its liquefied natural gas (LNG) trades in Europe by 50 to 100 percent next year, the company's chief executive said on Tuesday. Gyorgy Vargha said that while the company had traded one cargo, or 60,000 tonnes of LNG, per month this year, this is expected to rise to between 1.5 and two cargoes per month in 2018 as MET seeks to increase its role in that segment. MET International was established in 2010 as the natural gas trading arm of parent MET Group…
Europe Gas Terminal Group Sees Transport Use for LNG
European operators of large and underused liquefied natural gas (LNG) terminal capacity bet on new uses for their product in ships and vehicles to absorb future arrivals from the global market, the group's president Wim Groenendijk said on Tuesday. While terminals only ran at a fifth of their capacity last year, GLE expects the EU bloc's green drive will help make them busier and absorb a wave of LNG from new origins such as the United States in coming years. The European Commission has started to acknowledge that gas has a bigger role to play in decarbonisation…
Lithuania Terminal Operator to Start LNG Bunkering in 2017
Lithuania plans to start liquefied natural gas (LNG) bunkering next year, and will soon call a tender for a test cargo, Klaipedos Nafta, the operator of the terminal, said on Wednesday. The onshore bunkering station at Klaipeda port would be able to reload 250,000 cubic metres of LNG per year, both to ships and road tankers, the company added. The first two storage tanks -- each with 1,000 cubic metres capacity -- of five are expected to be commissioned in August 2017. Klaipedos…
Deltamarin Bags Ro-pax Design Contract
Deltamarin Ltd has signed a contract with Chinese Guangzhou Shipyard International Co, Ltd (GSI) for consultancy and engineering services for the DFDS ro-pax ferries. Deltamarin earlier carried out contract design of the ship concept for GSI in cooperation with the owner. Deltamarin will provide the yard with basic (approval) and detail design together with Safe Return to Port (SRtP) documentation. The contract covers all disciplines and all areas. The value of Deltamarin’s contract with GSI is about €5 million ($6.2 million).
Former USCG Commandant Kramek Passes Away
Adm. Robert E. Kramek, former Commandant of the U.S. Coast Guard, has died October 20, 2016. Kramek served as the Coast Guard's 20th commandant from 1994 through 1998, during which time he significantly expanded the Coast Guard's global reach and influence as commandant, including directing active participation in the combined service/international anti-narcotic smuggling operations Frontier Shield and Gulf Shield, along with other law enforcement operations. He led the Coast…
Klaipedos Nafta and Port of Helsingborg Sign LNG Deal
Lithuania’s Klaipedos Nafta has signed a deal with the port of Helsingborg to cooperate on the HEKLA – Helsingborg & Klaipeda LNG infrastructure facility deployment project (HEKLA). Klaipedos Nafta has also signed a Memorandum of Understanding (MOU) with the Spanish Association of Natural Gas for Mobility (GASNAM) to cooperate on the standardisation of LNG bunkering operations. According to the agreement with port of Helsingborg, Klaipedos Nafta acquires the right to use the financial support of EUR 6 million of the Connecting Europe Facility (CEF) part of the EU financing program…
Public Support Needed to Promote Inland Navigation in Baltic Region
Inland navigation has a lot of potential in the Baltic Sea Region, even though the geographical and administrative conditions for inland navigation differ from country to country. This was highlighted by the panel that debated the future of inland navigation in Sweden as part of the 7th Strategy Forum for the EU Strategy for the Baltic Sea Region (EUSBSR). The Strategy Forum was organized in Stockholm and gathered together over 1200 participants to discuss future challenges and opportunities in the Baltic Sea Region.
European Cooperation Essential in Strengthening Inland Navigation
European cooperation is necessary in order to integrate inland waterway transport better into the multimodal logistic chains. the annual capital conference of KEO - Chamber Union Elbe/Oder. EMMA enhances freight mobility and logistics by strengthening inland waterway and river-sea transport and promoting new international shipping services. “Now it is time to deliver results and to contribute to discussions on future European transport policy developments. More than 50 organisations are supporting EMMA to bring the project to success”…
IRClass is Authorized RO for Netherlands
Indian Register of Shipping (IRClass) classification society has received authorization as a Recognised Organisation (RO) from Netherlands’ flag administration. The authorization comes just months after IRClass received authorization from Europe’s largest flag Malta in December last year. Netherlands ranks fourth according to performance ranking released by Paris MOU. To date, IRClass has secured authorization from four European flags including Latvia and Bulgaria – all within the past year or so.