Cosco Shipping Buys 60% Stake Peru's Chancay Terminal
Global ports operator Cosco Shipping Ports acquiring 60% stake in Terminales Portuarios Chancay (Chancay Terminal) from Volcan Compañía Minera for a total consideration of US$225million.Zhang Wei, Vice Chairman and Managing Director of Cosco Shipping Ports and José Picasso, Chairman of Volcan signed the agreement on behalf of the two parties.The ceremony was witnessed by Mercedes Aráoz, Vice President of Peru, Xiao Yaqing, Chairman of State-owned Asset Supervision and Administration Commission of the State Council…
South Carolina Ports Authority Marks 6.4% Container Volume Growth
The South Carolina Ports Authority (SCPA), which operates the Port of Charleston and other facilities, today reported 6.4 percent year-over-year container volume growth, with a record 2.3 million twenty-foot equivalent container units (TEUs) handled in 2018.Last year marked the third consecutive calendar year of record TEU volume for SCPA. The Port moved 199,701 TEUs in December alone, a 9.2 percent increase over December 2017 and the strongest December in SCPA history.As measured by the total number of boxes handled…
SC Ports State of the Port Emphasizes Infrastructure to Support Growth
Jim Newsome, president and CEO, highlights cooperation and collaboration.South Carolina Ports Authority (SCPA) president and CEO, Jim Newsome, presented the annual State of the Port to an audience of approximately 600 customers, elected officials and shipping industry representatives at the Charleston Area Convention Center. Jim’s presentation focused on the Port’s successes, strategic infrastructure investments to support continued container volume growth, new initiatives to increase Port productivity and overall industry trends that will impact the Port in the future.
Kwispaa LNG Signs FEED Contract of Two At-Shore LNG Hulls
The Kwispaa LNG Project achieved a significant milestone in its development this week as Kwispaa LNG signed a contract with Hyundai Heavy Industries for the Front-End Engineering and Design (FEED) of two At-Shore LNG hulls.This follows the recent Invitation to Tender to shortlisted EPC (engineering, procurement, and construction) contractors for the FEED work on the At-Shore LNG topsides, marine facilities, pre-treatment, and balance of onshore plant facilities. EPC contractor tenderers include Black & Veatch / Samsung Heavy Industries / PCL Industrial Management Inc.…
SC Ports is on a Growth Trajectory
South Carolina Ports Authority posted strong performance across multiple business segments in fiscal year 2018, achieving new records for monthly and annual container volumes as well as progress of key capital projects.“SCPA had an ambitious growth plan for the 2018 fiscal year, and our progress across all business segments is a true accomplishment,” said SCPA president and CEO Jim Newsome. “Growth of 3 percent in FY2018 on the heels of 10 percent growth last fiscal year reflects broad-based expansion of the port’s cargo base as well as strong operational performance of our port.
New Rig Designed for Heavy Dockside Lifts
Below-the-hook equipment manufacturer Modulift and Siemens Heat Transfer Technology B.V. combined forces to design a special rig for lifting modules that weighed nearly 200t apiece. Modulift sent two rigs for on- and off-load in Korea and Thailand respectively—a total of 16 no. 34t capacity MOD 34 beams in addition to slings, shackles, tie-plates and other rigging gear.The two vertical Benson-type Heat Recovery Steam Generators (or HRSGs) first needed to be lifted aboard a vessel for transportation to the 1…
South Carolina Ports Achieve Record April
South Carolina Ports Authority announced the highest April container volumes in its history, with growth of 4 percent over the same month last year.SCPA handled 196,439 twenty-foot equivalent container units (TEU) in April. The Port has moved 1.8 million TEUs across the docks of its Wando Welch and North Charleston container terminals since the fiscal year began in July, an increase of nearly 2 percent over the same period last year."Our strong April volumes were driven in part by significant growth of loaded export containers…
Seaspan Shipyards Gets Orders for LNG Vessel Engine Conversions
Seaspan Shipyards demonstrates its capabilities with liquefied natural gas (LNG) vessel engine conversions in the wake of a major project milestone. Victoria Shipyards (VSL) was selected by TOTE Maritime Alaska to carry out the yard production work and docking necessary for the conversion of their two TOTE Orca class vessels to dual-fuel systems, a process which is being carried out in four phases and will enable the two ships to use LNG as fuel. The ‘North Star’, the first of the two 839-foot-long roll-on…
Page Named CEO of Hutchison Ports Sweden
Bob Page is the sailing Englishman who loves Sweden. Now he is ready for his final major assignment: To ensure that the container terminal at the Stockholm Norvik Port becomes exactly as good as everyone anticipates. In the 1990s Robert “Bob” Page worked with logistics for Volvo in Gothenburg. He really enjoyed his work and became close friends with his colleague Göran. “Our families celebrated Midsummer according to Swedish traditions and we often went out sailing together. It was a really wonderful time,” Bob Page reminisces.
Singapore, Indonesia, Malaysia sign MOU for Joint Hydrographic Survey
To demonstrate multilateral cooperation between littoral states and stakeholders to improve navigational safety in the Straits of Malacca and Singapore (SOMS), Phase Two of a Joint Hydrographic Survey was formally launched via a Memorandum of Understanding (MOU) signed today at the 10th Co-operation Forum held from 2nd to 3rd October 2017 at Kota Kinabalu, Malaysia. Besides the littoral states, the survey is supported by the Malacca Strait Council (MSC) of Japan. Phase Two, which is a continuation from Phase One…
The Port of Corpus Christi: Energy Port of the Americas
The Port of Corpus Christi lives up to its moniker ‘Energy Port of the Americas,’ as the movement of energy in and out dominates the port’s history and future. John P. LaRue, Executive Director, Port Corpus Christi recently visited Maritime Logistics Professional’s headquarters in New York City to discuss the nearly $50 billion in investment projects driving the port forward. “Let’s just start with what we are and what we are not,” said LaRue. “We are not a container port. Up until a few years ago we were an oil import port (serving) three refineries: Citgo, Valero and Flint Hills Resources.
CSSC Launches New Marine Service Business
China State Shipbuilding Corporation (CSSC) said it has formally launched a new business CSSC Marine Service Co., Ltd, to coincide with the inauguration of its new logistics center within the Yangshang free trade zone, Shanghai. The inauguration was marked with a ceremony on June 30, 2017, attended by more than 150 industry representatives from ship owning, managing and operating companies, along with key cooperation partners ABB, MAN PrimServ and WinGD. Able to accommodate more than 20…
Petrogas to Establish LNG terminal in Andhra
Petrogas Private Limited, a joint venture company between Isomeric Holdings Bhd from Malaysia and LEPL Ventures Pvt Ltd (LEPL) from Vijayawada, has signed a facilitation MoU with Krishnapatnam Port Company Ltd (KPCL) and Andhra Pradesh government for setting up a regasification and floating storage Terminal at Krishnapatnam Port. Petrogas will commit a direct funding of over $500 million at Krishnapatnam, SPS Nellore District, Andhra Pradesh within the fields of LNG Regassification Terminal and allied industries.
PSA starts up in Dammam
Saudi Global Ports (SGP), a joint-venture company formed between the Public Investment Fund of the Kingdom of Saudi Arabia and PSA International (PSA) has started its commercial operations this month, PSA said. This began at the second container terminal in the King Abdul Aziz Port in Dammam, a key gateway port on the Arabian Gulf. On April 23, the company handled the first commercial vessel, M/V NIARA, owned by Orient Express Line. For this, 1,011 twenty-foot equivalent units (TEUs) were handled on this 2,000-TEU capacity vessel.
Crowley's San Juan Terminal is Live with Tideworks’ TOS
Tideworks Technology Inc., a full-service provider of comprehensive terminal management and planning software solutions, has announced that Crowley Maritime has gone live with CitadelMC, Tideworks’ cloud-based SaaS terminal operating system (TOS), at its San Juan Terminal in Puerto Rico. San Juan is the second terminal to go live with Tideworks’ TOS in the Crowley network following the deployment at Crowley’s Port Everglades terminal in September 2016. Crowley’s terminal in Jacksonville, Florida is expected to go in June 2017.
Singapore’s Mega Terminal Construction Kicks Off
The Maritime and Port Authority of Singapore (MPA) has started the construction of a new container terminal at the western end of the island to replace existing container port facilities and consolidate operations for the long term. The first phase of the Tuas Terminal project will have 20 deepwater berths with an initial capacity to handle an annual traffic of 20 million twenty-foot-container equivalent units (TEUs), rising to 65 million TEUs when completed by 2046. The start…
Partners Tap Standardization to Trim Newbuild Costs
Unfamiliar specifications and processes often result in rework, delays and misunderstandings, and are adding thousands of engineering hours to the design and construction of offshore oil and gas installations. Cost savings are delivered by addressing variations in owner, operator, and regulatory requirements during engineering and construction phases. Phase one, led by DNV GL, established new proposed international standards for offshore oil and gas projects and a second phase…
Kvaerner, KBR JV wins Johan Sverdrup Deal
Kvaerner in a joint venture with KBR has signed a contract with Statoil for the complete delivery of the platform topside to the Johan Sverdrup field development. The agreement to deliver the deck for the utility and living quarter (ULQ) platform comes after a tough international competition, where Kvaerner-KBR presented the best overall bid. The agreement has an estimated total value for the Kvaerner- KBR partnership of approximately NOK 6.7 billion. The ULQ-platform is one of…
Gulf LNG Liquefaction Project on the Anvil
The Gulf LNG Liquefaction Project proposed by Kinder Morgan and minority partners officially filed Friday for federal approval to add exporting capabilities to an existing liquefied natural gas (LNG) terminal. The $8 billion LNG export project near Pascagoula, Mississippi is for adding export capabilities to a pre-existing LNG terminal there. Subject to obtaining sufficient long-term customer commitments, anticipated capital expenditures for the project at full development total approximately $8 billion.
Ship Simulator Installed at City of Glasgow College
Transas has completed the installation of Scotland's most advanced integrated ship simulator suite in the City of Glasgow College, the country's largest college. The simulation solution from Transas forms a core part of the new Riverside Campus, Phase One of the City of Glasgow College's super campus development. The installed simulator suite includes a full mission engine room simulator and four simulator labs for studying electronic navigation systems, GMDSS, liquid cargo handling and DP operations.
DP World Opens London Gateway Logistics Centre
DP World's first distribution centre at the London Gateway Logistics Park opened officially, with the UK's shipping minister, Robert Goodwill MP, in attendance. Goodwill and DP World chairman, Sultan Ahmed Bin Sulayem, formalised the opening of the centre during a ribbon cutting ceremony. The first phase of this high tech unit, which comprises 16,800m² (180,000 sq ft) of distribution and logistics space and 2,400m² (25,000 sq ft) of office space, has been finished to BREEAM “very good” standard. Based on market demand, DP World is now planning to increase the size of the centre to 36,000m².
ICTSI Australia Secures AUD398 Mln Loan
On July 15, 2016, Victoria International Container Terminal (VICT) signed a syndicated loan facility worth AUD 398 million (approximately USD 300 million) with seven leading global financial institutions, namely: Citibank N.A., KFW IPEX-Bank, Standard Chartered Bank as Mandated Lead Arrangers and Bookrunners, Bank of China Limited, DBS Bank Ltd., Investec Bank PLC as Mandated Lead Arrangers, and Cathay United Bank as Lead Arranger. The facility provides significant financial flexibility with long-dated tenors of 7, 10, and 16 years.
Interlake Steamship to Install Scrubbers on 2 More Ships
Following the implementation of exhaust gas scrubbers on its self-unloading bulk carrier M/V Hon. James L. Oberstar, the Interlake Steamship Company has announced its plans to expand its emission-reduction efforts to one-third of its fleet by installing similar scrubber systems on the M/V Lee A. Tregurtha and M/V James R. Barker early next year. In April 2015, Interlake became the first U.S.-flag fleet to test freshwater scrubbers on the Great Lakes when the system became operational on the 806-foot Oberstar.
Port Construction: Tanzania Kicks Off $11B Project
Work started last week on an $11bn megaport in Tanzania, funded by China and Oman, which the country’s president said would spark an “industrial revolution” in the east African nation. The new port at Bagamoyo will dwarf the country’s current main port at Dar es Salaam. Dar es Salaam, approximately 75km (47 miles) to the south on the Indian Ocean coast, is the country’s main commercial port but is over its full capacity. President Jakaya Kikwete attended a groundbreaking ceremony and said construction of phase I of the project would take three years.
Rolling Gates Installation at Panama Canal
In another major milestone for the Panama Canal Expansion Program, the electromechanical installation phase, one of the most important of the project, has begun with the installation of the first steel rolling gate at the Atlantic side. “This year, the Expansion Program completed several milestones towards the completion of the project,” said Panama Canal Administrator Jorge L. Quijano. “I am proud of the progress we have made on this project and the uninterrupted service we have provided to global shipping for 100 years.
Clyde Launches Training Facility
Clyde Training Solutions (CTS) opened central Scotland’s first dedicated marine and offshore international training centre. CTS – a newly established Clyde Group company - is now offering an extensive range of onsite accredited maritime safety courses to an international market at its new complex on the banks of the River Clyde in Clydebank. Phase one of operations at the centre has created in the region of 30 jobs with potential operational growth likely to create future employment.