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Friday, February 15, 2019

Suez Canal News

Image: Piraeus Port Authority S.A.

Piraeus Port Signs MoU with Italian Ports

The Greek port of Piraeus signed a memorandum of understanding (MoU) with Italy’s port authorities from the cities of Venice and Chioggia.The agreement seeks to develop port services and promote increased trade flow between Europe, the Mediterranean and the Far East.The MoU was signed during a meeting between the chairman and CEO of Piraeus port Fu Chengqiu and the president of the Northern Adriatic Sea Port Authority (Venice and Chioggia) Pino Musolino.The MoU envisages cooperation in improving the exchange of best practices and knowhow in port management…

Image: APM Terminals

Suez Canal Terminal Boosts Efficiency

APM Terminals announced that its Suez Canal Container Terminal (SCCT) at Port Said, Egypt has achieved major efficiencies in yard and quay operations after fine tuning the Navis N4 Expert Decking Module, the system which automates yard planning.According to the Hague-headquartered international container terminal operating company, the system is used to automate planning by distributing containers throughout the yard based on predefined rules."Typically yard planning is extremely time-consuming, costly and inaccurate.

Image: Ecoslops

Ecoslops and Suez Canal Economic Zone Ink Second Agreement

Ecoslops, the producer of recycled marine fuels from oil residues, and Suez Canal Economic Zone signed a new agreement, further to the signature of an agreement for a detailed feasibility study in January 2018.A press release said that the firms take another step towards the implementation of a collection, reception and treatment unit of maritime oil wastes, under the auspices of the French and Egyptian governments and on the occasion of the State visit of President Macron in Cairo.The new agreement…

Pic: M/S Containerships Nord photographed being prepared for her first Marine LNG bunkering.

Containerships Nord Completes 1st LNG Bunkering

CMA CGM subsidiary Containerships said that its first LNG-fuelled container vessel, M/S Containerships Nord, successfully underwent her first Marine LNG bunkering at the Port of Rotterdam.Around 240 metric tons of Marine LNG was bunkered to the vessel – an amount that can take her on a roundtrip from Rotterdam to St. Petersburg and back sailing through the Kiel canal twice.The first bunkering was carried out at lay bay berth in a ship-to-ship LNG bunkering operation from Shell’s Bunker Vessel, the Cardissa.

file Image: A boxship transits the Suez Canal (CREDIT: AdobeStock / © Andriy Kovach

Suez Canal Revenues Plunge in November

Egypt's Suez Canal revenues fell to $461.5 million in November, down around 8.8 percent from October's $506.1 million, data from the cabinet's website showed on Tuesday.The canal is the fastest shipping route between Europe and Asia and one of the government's main sources of foreign currency.Reporting by Ahmed Tolba

Marco Rubio and Chris Coons (official portraits)

US Senators Alarmed if China Gets Control of Djibouti Port

Two prominent U.S. senators expressed alarm on Tuesday about the military and political consequences if China gains control of a port terminal in Djibouti, and said they were concerned it could further boost Beijing's influence in East Africa.In a letter to Secretary of State Mike Pompeo and Secretary of Defense Jim Mattis, Republican Senator Marco Rubio and Democratic Senator Chris Coons said they were concerned about Djibouti's termination of a contract for the Doraleh Container…

© Carabay / Adobe Stock

Suez Canal Revenues Jump in August

Egypt’s Suez Canal revenues rose to $502.2 million in August up 6.7 percent from the same period last year, the cabinet said in a statement on Wednesday.The canal is the fastest shipping route between Europe and Asia and one of the government’s main sources of foreign currency.(Reporting by Yusri Mohamed, writing Amina Ismail; Editing by Toby Chopra)

© Carabay / Adobe Stock

Egypt Cuts Fees for Ships Arriving at East Port Said

Egypt will reduce the tariffs on container ships and ferries coming from foreign ports to East Port Said for a period of one year, the Suez Canal Authority said in a statement on Thursday.A 30 percent discount on port, docking and guiding fees will apply for vessels carrying less than 80,000 tonnes while those carrying more than that will receive a 40 percent discount, the statement said.Vessels carrying more than 50 containers will be eligible for a discount of up to 60 percent, but both rates cannot be applied at the same time, it said.The Suez Canal is the fastest shipping route between Eur

Image: Petrofac

BorWin Gamma Platform Sails Away

The offshore converter platform, BorWin gamma, has now safely set sail from Dubai and begun its journey to  its offshore site in the German part of the North Sea.Through the Gulf of Oman, the 18,000 ton ‘topside’ will pass into the Red Sea before going through the Suez Canal onto the Mediterranean and past Gibraltar. The journey then moves through the Bay of Biscay, to the English Channel and into the North Sea where it will be integrated with the ‘jacket’ nearly 130 kilometres off the German coast.Along with BorWin3…

© anekoho / Asdobe Stock

Singapore Bunkering Hub Ready for IMO 2020

Singapore authorities are taking measures to ensure the availability of low-sulphur marine fuels ahead of upcoming emissions regulations in 2020, Singapore's Senior Minister of State for Transport and Health Lam Pin Min said on Wednesday."(The) MPA is working closely with the industry to ensure that Singapore is ready to supply low-sulphur compliant fuels ahead of 1 January, 2020," said Lam at the Singapore International Bunkering Conference and Exhibition.The Maritime and Port Authority of Singapore (MPA) will make available a list of licensed bunker suppliers of low-sulphur fuels by mid-2019

File photo of the Yantian Express (Photo: Hapag Lloyd)

Containership Ablaze Off Canada's East Coast

German shipping line Hapag Lloyd said on Friday that it was trying to extinguish a fire on its Yantian Express container vessel off Canada's east coast but was being hampered by bad weather.A spokesman for Hapag Lloyd said the fire broke out on Thursday in a container on deck and spread to some other containers on the vessel, but the cause was not yet known.The 7,519 twenty foot equivalent ship was on its way from Colombo, Sri Lanka to Halifax in Nova Scotia via the Suez Canal…

File Image: a boxship transits the suez Canal in better weather (CREDIT: © Andriy Kovach / AdobeStock)

UPDATE: Egypt Egypt Reopens Four of Six Ports Shut Due to Bad Weather

Egypt had previously closed four ports on the Red Sea and two on the Mediterranean due to bad weather, officials said on Sunday.Over the weekend, the ports of Suez and Zeitiyat were shut in Suez governorate, the Red Sea Ports Authority said. Adabiya and Ain Sokhna ports, in the same governorate, also closed, a source at the General Authority for the Suez Canal Economic Zone said.Today, Egypt reopened four ports on the Red Sea on Monday, a day after they were closed due to bad weather conditions, authorities said.

Pic: Synergy Group

N2Tankers Aframax Pool Launched

German shipowner Reederei Nord and Singapore-based ship manager Synergy Group, on behalf of Nissen Kaiun, have launched N2Tankers, a new Aframax tanker pool the two shipowning companies have set up as a joint venture (JV).The combined fleet currently pooled under N2Tankers consists of 13 state-of-the art Aframax tankers built to the highest standards over 2007-2018 in Japanese yards Universal Shipbuilding Corporation, Sumitomo Heavy Industries Marine & Engineering Co., Tsuneishi Holding Corporation…

Photo courtesy of Synergy Group

N2Tankers Aframax Tanker Pool Launched

Reederei Nord and Synergy Group, on behalf of Nissen Kaiun, have officially launched N2Tankers, a new Aframax tanker pool the two shipowning companies have set up as a joint venture.N2Tankers brings the shipowning and operational expertise of Nissen Kaiun and Reederei Nord under one central umbrella administration for the first time. It will focus on generating commercial and technical management efficiency benefits for clients and owners by streamlining fleet operations and improving…

On behalf of Sri Lanka Ports Authority (SLPA), the Chairman of Sri Lanka Ports Authority (SLPA) Dr.Parakrama Dissanayake exchanges plaques with the Maseter of Mein Schiff 3 - Capt. Alevropoulos George. The Manging Director of Shipping Agency Services (pvt) Ltd - Mr.Gihan Nanayakkara is also in the picture. Pic: Port of Colombo

Mein Schiff 3 Made Maiden Call at Sri Lankan Port

The super luxury passenger vessel MV Mein Schif 3 of TUI Cruises with 2,430 passengers and 995 crew on board made her maiden call at the Port of Colombo on 26th November 2018. The vessel was welcomed at the East Container Terminal (ECT) of Sri Lank Ports Authority (SLPA).Chairman of Sri Lanka Ports Authority (SLPA) – Dr.Parakrama Dissanayake said that the Port of Colombo was honored by the presence of Mein Shiff 3 in Colombo. “The Port of Colombo has become an extremely busy port and this year the port also became the fastest growing port in the world in terms of handling containers.

© Lasse Pape / MarineTraffic.com

Saudi Arabia Halts Red Sea Oil Exports after Tanker Attacks

Saudi Arabia said on Thursday it was suspending oil shipments through a strategic Red Sea lane after Yemen's Iran-aligned rebels attacked two tankers in the waterway, underscoring the risk of an escalation in tensions in the region.Brent crude futures rose 59 cents to $74.52 a barrel by 1008 GMT, extending their rally into a third day but falling from a 10-day high in earlier trading.Saudi Arabia and arch-foe Iran have been locked in a three-year proxy war in Yemen, which lies on one side of the Bab al-Mandeb strait at the southern mouth of the sea…

© Anatoly Menzhiliy / Adobe Stock

Saudi Arabia Resumes Oil Exports through Red Sea Lane

Top oil exporter Saudi Arabia said on Saturday it has resumed all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb.Saudi Arabia halted temporarily oil shipments through the lane on July 25 after attacks on two oil tankers by Yemen's Iran-aligned Houthi movement.A statement by the Energy Ministry said shipments had resumed on Saturday."The decision to resume oil shipment through the strait of Bab al-Mandeb was made after the leadership of the coalition has taken necessary measures to protect the coalition states' ships…

Eduard Toll (File photo courtesy Teekay)

Novatek Ships First LNG Cargo to China via Arctic

Russian natural gas producer Novatek delivered on Thursday the first ever liquefied natural gas (LNG) cargo to China via the Northern Sea Route (NSR) alongside the Arctic coast, which drastically cuts delivery time to Asian consumers.The shipments of LNG from Yamal LNG project via the NSR to China cuts transportation time and costs in comparison to other routes such as Suez Canal.Novatek said a ceremony was held to commemorate the arrival of LNG tankers Vladimir Rusanov and Eduard Toll with cargo capacity over 170…

China COSCO Shipping, Executive Vice President, Sun Jiakang (first from left) PAO Novatek, Chairman of the Management Board Leonid Mikhelson (second from left) Director of the National Energy Administration of China, Nur Bekri (fourth from left) Minister of Energy of Russia, Alexander Novak (fourth from right) CNPC, Board Director, President, Zhang Jianhua (third from right) MOL, Senior Managing Executive Officer, Takeshi Hashimoto (first from right). Photo: Mitsui O.S.K. Lines

Ice-Breaking LNG Carrier Vladimir Rusanov First Call at PetroChina LNG Jiangsu Terminal

Mitsui O.S.K. Lines (MOL) announced that the Ice-Breaking LNG Carrier "Vladimir Rusanov", which is jointly owned by MOL and China COSCO Shipping Corporation Limited for the Yamal LNG project, made its first call at PetroChina LNG Jiangsu Terminal in China on 17 July.A ceremony celebrating this milestone was held on 19 July.At the end of March 2018, the vessel started transportation services for LNG produced by the Yamal LNG plant at Sabetta port in Russia. For its latest voyage…

Photo:  Dorian LPG Ltd

Seaborne LPG Trade Rebounds: Dorian LPG

Seaborne LPG trade rebounded in the second calendar quarter of 2018 thanks to heavy lifting schedules in the Middle East and the United States, as well as an improvement in arbitrage economics towards the end of the three-month period, said Dorian LPG.After a lackluster first calendar quarter of 2018, exports from the United States peaked at approximately 2.7 million metric tons in May 2018, and total U.S. exports for the first half of 2018 were 4% higher as compared to the same…

Photo by CMA CGM

CMA CGM Celebrates 40 Years of Entrepreneurialship

40 years ago, on September 13th, 1978, Jacques R. Saadé launched the first maritime line between Marseilles and Beirut, with only one ship and 4 employees. The day marked the beginning of an extraordinary humane and entrepreneurial adventure, said a press release.According to the statement, 40 years later, CMA CGM has become a recognized world leader, with 34,000 employees and a presence in more than 160 countries. History: It is amid the Lebanese war that Jacques R. Saadé decided to settle in Marseilles to protect his family.

Photo:  Suez Canal Authority

China Constructs New Terminal in Suez Canal

China Harbour Engineering Company (CHEC) began the main phase of the construction of a new terminal basin in Sokhna Port south of the Suez Canal northeast of Egypt, said he state media Xinhua.According to the report, the project was assigned to CHEC by the Sokhna branch of the Emirati corporation DP World, the main investor and container operator in the port located at the Gulf of Suez.CHEC sources said it will deliver the "Basin 2" project in fewer than 12 months ahead of the deadline.The report quoted Chen Shuang…

(File photo: Sovcomflot Group)

Yamal LNG Exports Accelerate in Time for Winter

Liquefied natural gas exports from Novatek's Yamal terminal in the Arctic have come on stream faster than expected over the summer and exceeded volumes from Russia's only other LNG facility, Sakhalin, for the first time in August.The pace of commissioning the multi-billion dollar project has surprised a market used to chronic delays. Additional volumes from the start of another facility should now come in time for the northern hemisphere winter, a time of price spikes.Novatek said earlier this week it had begun commissioning the third train…

© Igor Groshev / Adobe Stock

Middle East Oil & Gas Shipping Routes are at Risk

Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea after Yemen's Iran-aligned Houthis attacked two crude tankers, underscoring risks caused by the conflict in the world's top oil exporting region.Iran, in its row with the United States over sanctions, has also threatened to block the Strait of Hormuz, the other major strategic shipping route for oil from the region and the main route for Iranian crude exports.Below are facts about region's shipping routes:Bab al-MandebAny move to block the Bab al-Mandeb…

The One Minato, the magenta-coloured 14,000 TEU-class containership made a successful call at the Yantian International Container Terminals. Photo: Ocean Network Express (East Asia). Ltd.

One Minato Shines Through Port of Yantian

Ocean Network Express East Asia (ONE EA) has celebrated the maiden voyage of the second of a series of seven 14,000 TEU-class magenta containership of the company, ONE MINATO at Yantian International Container Terminals Limited (YICT).Sailed under the flag of Japan,  One Minato is a newly built 14,000 TEU-class containership which was delivered from Imabari Shipbuilding Co., Ltd. in Hiroshima, Japan on 24 July 2018.At 365.94 metres length and 51.2 metres width, the vessel deployed on THE Alliance’s Asia to North America East Coast trade (EC4 service)…

The Venta Maersk loads containers in Vladivostok, Russia ahead of its Arctic voyage (© Sergei Skriabin / MarineTraffic.com)

Maersk Sends First Containership through the Arctic

A Maersk vessel loaded with Russian fish and South Korean electronics will next week become the first containership to navigate an Arctic sea route that Russia hopes will become a new shipping highway.The Arctic voyage by the 3,600 20-foot container capacity Venta Maersk is the latest step in the expansion of the so-called Northern Sea Route which is becoming more accessible to ships as climate change reduces the amount of sea ice.The brand new Venta Maersk, one of the world's largest ice-class vessels…