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Friday, February 28, 2020

Maritime Transportation News

Image: Grindrod Shipping Holdings Ltd

Grindrod Shipping Acquires IVS Bulk Stake

The global provider of maritime transportation services in the drybulk and product tanker sectors Grindrod Shipping Holdings announced acquisition of an additional 33.25% stake in its IVS Bulk joint venture and the sale of the 2010-built small product tanker Kowie.A subsidiary of the company, Grindrod Shipping Pte. Ltd (GSPL) has agreed to acquire the 33.25% ordinary and preferred equity shares held by one of its two JV partners in IVS Bulk for a total consideration of $44.1 million, thereby increasing its stake to 66.75%.

Photo:  Ports & Maritime Organization

Iran, Syria Ink Maritime Agreement

Iran and Syria have signed an agreement on mutual maritime cooperation during  the sixth round of joint maritime committee meeting on the maritime and port cooperation.The Managing Director of Iran's Maritime and Port Organization (PMO) Mohammad Rastad, and the Syrian Deputy Minister of Maritime Transportation Mohammad Ammar Kamal Al-Din, signed the agreement.The agreement has emphasized the expansion of maritime cooperation, as well as maritime education and training together…

Risk Management with a Mouse Click

Risk Intelligence provides security data, information, analysis and assessment to enable safe navigation in areas of risk in an increasingly uncertain world.Since its founding in 2001, Denmark-headquartered security information specialist Risk Intelligence has developed a fully integrated risk assessment and planning tool that provides valid, actionable intelligence to any fleet, on land, in port or at sea, 24/7/365. The company has three information and intelligence products that together assess security risks at sea…

USMMA Board of Visitors to Convene

U.S. Transportation Secretary Elaine L. Chao has announced the U.S. Merchant Marine Academy’s (USMMA) new 16 member Board of Visitors will convene for the first time at Kings Point on Monday, February 3 at 9:00 a.m. (click here for additional information). The Board will serve through October 2021.“The Department is dedicated to providing midshipmen with the finest possible education, preparing them to excel as mariners and military officers,” said U.S. Transportation Secretary Elaine L.

Image: FESCO

FESCO Transports RTG Cranes Via NSR

FESCO Transportation Group, the largest intermodal transport operator in Russia,  has performed relocation of four Liebherr rubber tyred gantry (RTG) cranes from Petrolesport (part of Global Ports Group) in St. Petersburg to Vostochnaya Stevedoring Company (part of Global Ports Group) in Vrangel (Primorsky Krai)."To ensure minimum transit time, the transportation of RTG cranes was carried out along the Northern Sea Route. The sea passage took 28 days, while transit time on the route through the Suez Canal would take about 52 days…

Image: Grindrod Shipping

Grindrod Eyes Stake in IVS Bulk JV

Singapore-headquartered provider of maritime transportation services in the drybulk and product tanker sectors, Grindrod Shipping Holdings is planning acquisition of an additional 33.25% stake in its IVS Bulk joint venture."Grindrod Shipping is progressing negotiations to acquire all of the 33.25% ordinary and preference shares in IVS Bulk held by one of its two JV partners for approximately $44.2 million, thereby increasing our stake in the JV to 66.75%," said a press release from the provider of dry-bulk and liquid shipping services.

Image:  Ports & Maritime Organization

Iran-Muscat Ferry Soon

A direct Chabahar-Muscat ferry line between Iran and Oman is planned to resume operation within a month, said Iran's official news agency.Ferries with the capacity of transporting 240 people and 40 vehicles will operate between Iran’s Chabahar port and Oman capital will be operational within a month, according to Hassan Ebrahimi, a deputy with the Ports and Maritime Department of Sistan-Baluchestan Province (where Chabahar port lies).After launching services to Qeshm Island and Bandar Abbas in Iran in 2016…

Image: Gasum

Gasum Makes its 1st Cruise Ship STS LNG Bunkering

The Nordic energy company Gasum said that its liquefied natural gas (LNG) bunker vessel Coralius conducted first ever ship-to-ship (STS) bunkering to a cruise ship - Carnival Corporation's cruise vessel Costa Smeralda.During the bunkering operation, LNG was supplied to the newbuild Costa Smeralda at the Meyer Turku shipyard. Costa Smeralda is the first cruise ship in a series of newbuilds at Meyer Turku that will be fitted with LNG propulsion.LNG is the cleanest available marine fuel…

Image: Grindrod Shipping Holdings

Grindrod Announces Finance Arrangement

Grindrod Shipping Holdings, a global provider of maritime transportation services in the dry-bulk and product tanker sectors, announced a number of transactions relating to a new financing arrangement, its fleet and share repurchases."Further to the previously-announced financing arrangements in respect of IVS Knot and IVS Kinglet, we expect to enter into a similar financing arrangement with a Japanese shipowner in respect of the 2011-built handy-size dry-bulk carrier, IVS Magpie…

Despina Theodosiou (Photo: WISTA International)

Diversity, Tech on Tap at WISTA Conference

A top hostage negotiator, the CEO of a company which supplies environmental products to ship owners and operators and the heads of two maritime technology firms are all part of an impressive line-up of speakers scheduled to speak at the 2019 Women’s International Shipping & Trading Association (WISTA) AGM & Conference which takes place next week from Tuesday, October 29, to Friday, November 1. The four-day event is being hosted by WISTA Cayman Islands and is expected to bring over 200 maritime experts from 30-plus countries.

© Oleksii Fadieiev/Adobe Stock

Maritime Risk Symposium, Nov. 12-15 at SUNY Maritime

The State University of New York Maritime College, in collaboration with the U.S. Coast Guard, National Academy of Sciences, academic institutions, industry partners, and federal, state and local agencies, will host the 10th Annual Maritime Risk Symposium (MRS 2019) Nov. 13-15, 2019, at New York Maritime College located in the Bronx, New York.MRS 2019 will bring together academics, government and commercial entities to discuss the threats, challenges and risks associated with the Marine Transportation System with a focus on current and future marine transportation challenges and threats.

Photo: Total

Total’s First LNG Bunker Vessel Launched

Total said its first large liquefied natural gas (LNG) bunker vessel has been launched, following the signature of a long-term charter contract between Total and Mitsui O.S.K Lines (MOL) in February 2018.After delivery in 2020, the bunker vessel will operate in Northern Europe, where it will supply LNG to commercial vessels, including 300,000 tons per year for CMA CGM’s nine ultra-large newbuild containerships in Europe-Asia trade, for a period of at least 10 years.The LNG bunker…

Congressman Elijah E. Cummings (CREDIT: Congress.gov)

U.S. Congressman Elijah Cummings Passes Away at 68

At approximately 6:20 AM this morning, the Office of Congressman Elijah E. Cummings Released the Following Statement:At approximately 2:30 A.M. on Thursday October 17, 2019, Congressman Elijah E. Cummings (MD-07) passed away at Gilchrist Hospice Care, a Johns Hopkins affiliate, due to complications concerning longstanding health challenges. More details will be forthcoming.The energetic Cummings was best known in maritime circles for his time spent as chair of the Subcommittee on Coast Guard and Maritime Transportation where…

Credit: Lauritzen Kosan

Marlink ITLink for J. Lauritzen Gas Carriers

Danish shipping company J. Lauritzen has selected Marlink to deploy fully integrated and managed IT services on all Lauritzen Kosan managed gas carriers. The solution will be based on Marlink’s ITLink portfolio, with the KeepUp@Sea platform enabling automation of software and security updates, network and PC health monitoring and remote access for fast issue resolution. Once implemented, Lauritzen Kosan will benefit from a fully standardized ICT setup across its fleet, and have…

Mitsubishi Wins Order for Two Ferries

Mitsubishi Shipbuilding Co., Ltd., a group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, has received orders for two large, high-speed ferries from Shin Nihonkai Ferry Co., Ltd. The vessels will be constructed at the Tategami Main Plant of MHI's Nagasaki Shipyard & Machinery Works, scheduled for completion and delivery in 2021.The two ferries on order will be 222.5m long, 25m wide, 20.4m deep, with draft of 7.4m and gross tonnage of approximately 15,400. Each vessel features capacity of 268 passengers, 154 trucks (12m length) and 30 passenger cars approximately.

Photo: Qatar Petroleum

Qatar, Shell Partner on LNG Bunkering

State-owned Qatar Petroleum and the Netherlands-based oil and gas company Shell signed a shareholder agreement to establish a joint venture for global LNG bunkering services.The agreement signed by Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments B.V. paves the way for the establishment of a joint venture company owned equally by both parties, subject to customary regulatory approvals.The new company’s principal business activities will include the procurement of LNG…

Pic: Grindrod Shipping Holdings

Grindrod Shipping Updates on Fleet

Grindrod Shipping Holdings, a global provider of maritime transportation services in the drybulk and product tanker sectors, announced that it took delivery of the IVS Phoenix, a Japanese-built eco ultramax drybulk carrier newbuilding in June 2019. The vessel has been chartered-in from its owner for a minimum period of three years with options to extend for up to two additional years, at Grindrod Shipping’s election, it said.The Singapore-based company said that it sold the 2005…

© Oleksii Fadieiev/Adobe Stock

Mitigating Maritime Risk

“The First Steps in Mitigating Contemporary Risks to our Strategic Sea Lines of Communication”It is indisputable that the world’s economy floats on seawater. It is equally indisputable that international maritime transportation is the tool that keeps the global economy moving. The world economy has surged over the last half century, and that growth has been largely driven by globalization and the consequent reduction in barriers to trade. Any operational disruptions in maritime transportation have wider consequences for society…

Image: Northwest Seaport Alliance

NWSA Terminal 46 Request for Proposals

The Northwest Seaport Alliance (NWSA), a marine cargo operating partnership of the ports of Tacoma and Seattle, is now accepting proposals for Terminal 46, a 50-acre deep-water marine terminal.The port authority based in the Puget Sound region of the United States said that the successful proposal will align with and support our goal of growing cargo volumes and creating family-wage jobs in the Puget Sound region, while diversifying the gateway’s overall cargo portfolio.Strategically located on the Seattle waterfront with convenient access to major road and rail infrastructure…

Photo: NWSA

NWSA Issues RFP for Terminal 46 Cargo Ops

Terminal 46 on Seattle's working waterfrontThe Northwest Seaport Alliance is now accepting proposals for Terminal 46, a 50-acre deep-water marine terminal.Strategically located on the Seattle waterfront with convenient access to major road and rail infrastructure, this property is uniquely suited for water-dependent uses including marine cargo operations, logistics and other maritime-supported activities.The successful proposal will align with and support our goal of growing cargo volumes and creating family-wage jobs in the Puget Sound region…

Photo: Sovcomflot

Sovcomflots' Frank Wins Russian Award

Sergey Frank, President & CEO of Sovcomflot, has been awarded the first-class Pyotr Stolypin Medal. The corresponding order was signed by the Russian Prime Minister Dmitry Medvedev on 4 July 2019 on the eve of the Day of Russian Sea and River Fleet Workers, celebrated annually on the first Sunday of July.The order notes that Sergey Frank is awarded "for merits in development of maritime transportation and long-term dedicated work."The Pyotr Stolypin Medal was established by the…

Flying into New Orleans with Admiral Karl Schultz, Commandant, USCG, provides a ‘birds eye view’ on the robust and diverse business in and around the lower Mississippi River.  Photo: Greg Trauthwein

Admiral Schultz Emphasizes Maritime as a Driver of U.S. Commerce

Last month Maritime Reporter & Engineering News was invited to join Admiral Karl Schultz, the Commandant of the United States Coast Guard, on a trek to New Orleans for an underway tour on board a mid-stream transfer operation in the Mississippi River. As the U.S. inland waterway system has endured historic water levels for more than six months, the destination provided a perfect backdrop to discuss several key messages coming from USCG leadership: the maritime industry’s critical role in facilitating U.S.

CMA CGM to Support Notilo Plus Rollout

The CMA CGM Group will support the financial and industrial development of Notilo Plus, a Marseilles-based start-up specialized in autonomous underwater solutions, in order to help them launch their industrialization.Notilo Plus develops autonomous underwater dronesFounded in 2016 and based in Marseilles and Lyon, Notilo Plus develops autonomous underwater systems featuring artificial intelligence and data enhancement capabilities. It develops “made in France” autonomous solutions targeting the fields of maritime transportation…

Image: MSC Mediterranean Shipping Company

MSC to Boost Costa Rican's Export

Swiss-based shipping line MSC Mediterranean Shipping Company is improving trade links between Costa Rica and northern Europe by adding a new direct call from the Port of Moin.The container shipping that operates in all major ports of the world said in a press release that MSC Katya R. has become the largest vessel to call Moin Terminal in Costa Rica, launching a new era in cargo shipping for the port and for exporters using its facilities.MSC’s service will bring larger container…

Photo Credit: International Propeller Club of the U.S.

Propeller Club Promotes Relationship with Congress

In his role as the new Executive Vice President of the International Propeller Club of the United States (IPCUS), John Cullather, is setting a course for the 50 American-based clubs, specifically, that involve streamlining and improving communication between ports and maritime policy issues and members of Congress.“Congress has played a vital role in U.S. ports since the founding of our nation,” says Cullather. “From the dredging of our harbors to the construction of lighthouses and the installation of aids-to-navigation…

The VLCC MJAD, reported by Reuters as one of the vessels attacked. CREDIT: MarineTraffic.com / © piet verspui

Saudi Tankers Among Those Hit off UAE Coast

Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and said it was an attempt to undermine the security of crude supplies amid tensions between the United States and Iran.The UAE said on Sunday that four commercial vessels were sabotaged near Fujairah emirate, one of the world's largest bunkering hubs lying just outside the Strait of Hormuz, but did not describe the nature of the attack or say who was behind it.The UAE had not given the nationalities or other details about the ownership of the four vessels.