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Thursday, September 19, 2019

U S Energy News

Fincantieri: New Design for MSC Seashore

A traditional maritime coin ceremony  took place at the Fincantieri shipyard in Monfalcone, Italy, when the keel was laid for MSC Seashore. At the milestone event, MSC Cruises revealed details of the significantly transformed overall design and new features of the ship.MSC Seashore will be the Company’s longest ship – 339 meters – when she enters service in June 2021, the first of two enriched “Seaside Evo” Class ships with the latest available environmental technology, extended public spaces, more cabins and the highest ratio of outdoor space per guest of any ship in the company’s fleet.

© currahee_shutter / Adobe Stock

Aurelius Backs Ardent Buyout

Alternative direct lender AURELIUS Finance Company has provided financing to support the buy-out of emergency management and offshore decommissioning company Ardent from co-owners Svitzer, a global towage operator, and Crowley Holdings, a holding company of international marine and logistics services provider Crowley Maritime Corporation.The deal will see Ardent’s senior management team acquire a shareholding in the company. The financial terms of the deal have not been disclosed…

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…

Photo: Saudi Aramco

Aramco Rapidly Restores Production Capacity

Saudi Arabia's oil and gas giant Saudi Aramco announced that it will fully restore its production capacity by the end of September, in light of the Saturday's drone attacks that caused disruptions on around half of the country's oil capacity.Prince Abdulaziz Bin Salman, Minister of Energy, and HE Yasir Rumayyan, Chairman of Saudi Aramco, Mr. Nasser said: “The terror attacks on our plants at Abqaiq and Khurais were timed to create maximum damage to our facilities and operations.

Aries Leader (Photo: NYK Line)

NYK Conducts Japan’s First Carbon-Neutral Voyage

NYK has become the first Japanese shipping company to realize a carbon-neutral voyage by offsetting 5,000 tons of carbon dioxide (CO2), equivalent to the CO2 emitted by NYK’s environmental flagship car carrier Aries Leader during one voyage between Japan and the Middle East.Aries Leader is equipped with the latest energy-saving technologies, reducing CO2 emissions per unit by 30% compared with existing large pure car carriers (i.e., comparing emissions on a per car basis). In this initiative…

Photo courtesy of TNPA

LPG Tanks Arrive at Port of Richards Bay

Transnet National Ports Authority’s (TNPA) Port of Richards Bay welcomed the arrival of four new 5650-ton liquefied petroleum gas (LPG) storage bullets on Thursday, September 12th on board the vessel XIN LU.The bullets are for the 22,600-ton capacity mounded LPG facility which is being developed at the port by Bidvest Tank Terminals (BTT), a unit of the Bidvest Group. The terminal will store LPG on behalf of independent LPG specialist Petredec, which ships the fuel from the US and the Middle East.Construction began in October 2018 and the facility is expected to become operational in 2020…

© peterschreiber.media/Adobe Stock

Offshore Wind Conference Set for SUNY Maritime

The Center of Excellence for Offshore Renewable Energy at the State University of New York Maritime College and the Maritime Industry Museum at Fort Schuyler, are hosting the Ocean Wind Energy Conference on Thursday, September 26, 2019 at the Maritime Academic Center, SUNY Maritime College.Serving as the keynote speaker is Alana Duerr, Ph.D., Director, Offshore Wind North America, DNV GL - Renewables Advisory, who will offer insight to opportunities for maritime industry support of Ocean Wind Energy development and sustainment for many years to come.

Image: Deutsche Bahn

German Trains to Run on Offshore Wind

German Rail (Deutsche Bahn – DB) has closed Germany’s first power purchase agreement (PPA) to buy electricity from an offshore wind farm.German Rail has signed a five-year deal starting in 2024 to buy the output of 25MW, or 8%, of the 295MW Nordsee Ost wind farm in the North Sea from utility Innogy and RWE Supply & Trading.The contract will run for five years, beginning in 2024. The supplied volume comprises 25 megawatts, which is the equivalent of four wind turbines. That is eight percent of the total production of the wind farm…

Image: Tsuneishi Shipbuilding

Tsuneishi Philippines Delivers First Boxship

Tsuneishi Shipbuilding has delivered its first containership newbuilding from its yard in the Cebu, the Philippines.The Philippines yard’s first container vessel, a 1,944 teu Bangkok Max sized ship was delivered on 10 September. The Bangkok Max is the largest size of vessel that can call the port of Bangkok, and the Tsuneishi design is larger than the standard 1,800 teu capacity."Standard Bangkok Max carriers can generally be loaded with about 1,800 20-FT containers, but our new carrier can be loaded with 1…

Pic: Port of Rotterdam

Ports Asks EU to Focus on Port Economy

Antwerp and Rotterdam Port Authorities asked new European Commission (EC) and Parliament to focus on the economic significance of ports.The energy transition and digitization are the two strategic challenges facing large industrial ports. The European Union can offer port authorities and industrial clusters important incentives to achieve the transition toward the CO2-neutral ports of the future.That is why Antwerp and Rotterdam Port Authorities have taken the initiative to organize a joint event for European policy makers…

Photo: Sovcomflot

Sovcomflot, NYK Pact on Financing 2 LNG Carriers

Russian maritime shipping company specializing in petroleum and LNG shipping Sovcomflot (SCF Group) and NYK Line have announced that they have signed a new $176 million non-recourse credit facility for eight years with three leading international banks.The banks are: Sumitomo Mitsui Banking Corp. of Japan (through its German subsidiary, SMBC Bank EU AG); Société Générale of France; and Shinsei Bank of Japan. The agreement was reportedly signed through joint venture companies belonging…

Image: K Line

K Line Takes Delivery Of Corona Citrus

Japanese shipping giant Kawasaki Kisen Kaisha (K Line) has taken delivery of a 88,000 dwt coal carrier from compatriot shipbuilder Imabari Shipbuilding in Marugame.Named Corona Citrus, the vessel was delivered on September 11 for electric utility Electric Power Development Co. Ltd.The new Corona coal carrier will be principally involved in carrying thermal coal to thermal power plants for the company.Corona Citrus is equipped with WAD (Weather Adapted Duct) in front of the propeller which promotes her propeller efficiency and Hybrid Fin behind the propeller which accelerates energy savings…

Image: CLIA

Cruise Lines Invests $22 Bln in Clean Fuel Tech

Cruise Lines International Association (CLIA) said that its Cruise Lines have invested more than $22 billion in ships with new, energy-efficient technologies and cleaner fuels and achieved substantial progress.“While cruise ships comprise far less than 1% of the global maritime community, cruise lines are at the forefront in developing responsible tourism practices and innovative technologies. Our industry leads in environmental stewardship,” said Michael Thamm, Chairman of CLIA…

Image: DNV GL

Natural Gas to be 29% of World’s Energy Supply by 2050

The global oil demand will peak in the mid-2020s and gas demand will keep rising to 2033, says DNV GL.Gas demand will then plateau, and the fuel will remain dominant until the end of the forecast period in 2050, when it will account for over 29% of the world’s energy supply, it said.Significant investment will be required to ensure production meets demand, including realising the potential from stranded gas reserves and for reserve replacement. DNV GL forecasts global upstream gas capital expenditure to reach USD 737 billion (bn) in 2025…

Image by Ministry of Infrastructuur en Waterstaat, Rotterdam

Multraship, Novatug Name 2 CRTs

Netherlands-based towage and salvage provider, Multraship, has held the christening ceremony for two new Novatug Carrousel Rave tug (CRTs) at Rotterdam.Multratug 32 was christened by Mrs Muller-Ribbens and Multratug 33 by The Netherlands Minister of Infrastructure and Water Management, the Honourable Coravan Nieuwenhuizen.The CRTs offer radical improvements in safety and operational efficiency and will help with the optimization of port usage. The CRTs are able to work with seagoing…

Representatives from the Panama Canal and the Port of Rotterdam meet in Panama. Photo: Panama Canal Authority (ACP)

Panama Canal Signs MoU with Rotterdam Port

The Panama Canal and the Port of Rotterdam signed a Memorandum Understanding (MOU) to promote international trade between Europe and the West Coast of South America.Through this agreement, the two organizations will work closely to optimize operations while encouraging economic growth and the exchange of information on new business development opportunities, including logistics parks and port development projects."The Expanded Canal continues to reshape global trade routes today…

Image: Port of Rotterdam Authority

Mobile Shore-based Power Pilot Announced

Five participants will be taking part in a pilot project in Port of Rotterdam Authority  which will focus on mobile shore-based power solutions for sea-going vessels.The project was established by the municipality of Rotterdam and the Port of Rotterdam Authority and the participants in the project are: ENGIE Ventures & Integrated Solutions BV; PON Power & its subsidiaries; Aggreko Benelux; Mobiele Stroom BV and JP Energy Systems.The project will focus on various mobile shore-based power solutions for sea-going vessels…

Bret Griebenow  (Photo: HII)

HII Appoints Griebenow

Huntington Ingalls Industries (NYSE:HII) said that Bret Griebenow has been named vice president of business development for nuclear and environmental services within its Technical Solutions division.In this role, Griebenow will be responsible for interfacing with industry and customer partners and leading teaming and proposal activities supporting the Department of Energy portfolio. He will be based in Newport News, VA.Before joining HII, Griebenow worked as the project manager for the Pueblo Chemical Agent-Destruction Pilot Plant for Bechtel National, Inc.

File image of a typical DP World terminal operation. CREDIT: DP World

DP World’s Topaz, P&O Merger Complete by Year-end

Port operator DP World's planned merger of its P&O Maritime and recently acquired Topaz Energy and Marine businesses is expected to be completed by the end of the year, Topaz CEO Rene Kofod-Olsen said on Monday.DP World bought Dubai-based oil services company Topaz in July with the intention of combining it with P&O Maritime as part of efforts to diversify beyond its core port operations to other marine-related sectors.The merged entity, to be known simply as P&O, will give Topaz…

Hee-Bong Chae and Alexey Miller at meeting. Photo: Gazprom

Gazprom, Kogas for Tighter LNG Cooperation

Russian oil and gas company Gazprom Neft has announced that a working meeting has been held between Alexey Miller, Chairman of the Gazprom Management Committee, and Hee-Bong Chae, President and Chief Executive of KOGAS.The meeting participants reviewed the state and prospects of cooperation between the companies, highlighting the stability of LNG supplies under the contract between Sakhalin Energy Investment Company Ltd. and KOGAS.The parties expressed interest in further expanding…

Port Prize awarded (Photo: PORT OF KIEL)

Maritime Coordinator Honored with Kiel Port Award

The Federal Government Coordinator for the Maritime Industry, Norbert Brackmann, has been honored with the Port Award 2019. The prize was presented to him on September 5th on the occasion of the traditional “Sprottenback” event hosted by the companies of Kiel’s maritime industry. In his role as the Chairman of the Advisory Board, Jens B. Knudsen, the Executive Manager of Sartori & Berger, paid tribute to the awardee in his laudatory speech: “Norbert Brackmann campaigns at federal level for competitive conditions in the utilization of on-shore power.

Photo: Eric Bakker/Port of Rotterdam

Rotterdam Port Expects Several Years of Rising LNG Bunker Use

The Port of Rotterdam on Wednesday said it expects sales of liquefied natural gas (LNG) as a bunker fuel to increase in the coming years as ships are forced to switch to cleaner sources of energy.Europe's largest sea port expects throughput of LNG as a bunker fuel to increase to around 30,000 tonnes this year, up from 9,500 tonnes in 2018, director Maud Eijgendaal told reporters."If we keep up this growth we can reach a million tonnes by 2025-2030, which would be around 10% of all bunker fuels sold in Rotterdam"…

A file image of Equinor's South Riding Point storage terminal (CREDIT: Equinor)

Bahamians Struggle in Dorian's Devastating Wake

Stunned residents of the Bahamas surveyed the wreckage of their homes and officials struggled to assess the number killed by Hurricane Dorian, as the storm bore down on the South Carolina coast, threatening record flooding on Thursday.The United Nations said 70,000 people in the Bahamas needed immediate humanitarian relief after the most damaging storm ever to hit the island nation.Aerial video of the worst-hit Abaco Islands in the northern Bahamas showed widespread devastation…

A file image of a ypical LNG bunkering operation (Credit: Nauticor)

Rotterdam Expects to See Rising LNG Bunker Demand

The Port of Rotterdam on Wednesday said it expects sales of liquified natural gas (LNG) as a bunker fuel to increase in the coming years as ships are forced to switch to cleaner sources of energy.Europe's largest sea port expects throughput of LNG as a bunker fuel to increase to around 30,000 tonnes this year, up from 9,500 tonnes in 2018, director Maud Eijgendaal told reporters."If we keep up this growth we can reach a million tonnes by 2025-2030, which would be around 10% of all bunker fuels sold in Rotterdam"…

(Credit: John Wilhelm) (The Port of Baltimore is one of only a few East Coast ports able to handle some of the world’s largest ships, welcoming the 14,424 TEU Evergreen Triton earlier this year.)

PORT PROFILE: Big Baltimore

The Port of Baltimore is poised to muscle its way into the nation’s elite top 10 ports. How that happened really isn’t hard to understand. That’s because what comes next will be the dividend of many years of focused planning.The Port of Baltimore consists of state owned marine terminals managed by the MPA and privately owned marine terminals. Approximately 90 percent of all general cargo tons move through the MPA’s public terminals, while the private terminals handled most of the Port’s bulk commodities.In 2018, the Port of Baltimore (POB) experienced a record year in foreign cargo tons.

File Image: SMM

SMM 2020 Publishes Maritime Industry Report

“Driving the maritime transition”: In times of the global climate debate and the digital transformation, SMM 2020 will once again be the focal point for decision-makers in the maritime industry.Topics that are currently high on the industry's agenda are highlighted in the new issue of the SMM Maritime Industry Report: Shipping, shipbuilding and supplier companies are especially interested in alternative propulsion technologies and attractive niche markets.The year 2020 marks a major turning point in international shipping: On January 1…

Q3 2019  - Breakbulk Issue