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Tuesday, February 18, 2020

Value Chain News

Patrik Berglund (Photo: Xeneta)

Xeneta's Year Ends High, Concerns Remain

Xeneta has ended 2019 with a second month of increases in long-term contracted ocean freight rates across key trading routes.According to the latest XSI Public Indices report from Xeneta  global rates climbed by 0.9% in December (adding to a 0.9% rise in November). However, despite the welcome upswing, after well over a year of steady decline (with the exception of a spike in May), market confusion concerning IMO 2020 sulphur surcharges still remain.Moving in the right directionXeneta’s XSI Public Indices report utilizes over 160 million data points…

Image: Ørsted

Ørsted Restructures Offshore Biz

The offshore wind giant Ørsted has introduced a new operating model for the Offshore business, to support the execution of its project pipeline and future growth."The global market opportunities in renewables continue to expand and present significant opportunities for growth. In 2019, Ørsted expanded into Taiwan and the US with the award of significant projects," the largest energy company in Denmark said.The new operating model creates a more scalable organisation for Ørsted’s…

Pic: Maritime Development Center

DecarbonICE Project for Green Shipping

A group of world leading shipping companies including NYK, Sovcomflot, Knutsen OAS and Ardmore, ship builders, including DSME and the mining company Vale, have therefore teamed up with Denmark based Maritime Development Center to develop such an on-board carbon capture and storage solution in a project named decarbonICE.DecarbonICE is based on two new main ideas for the capture and storage part, respectively. The CO2 and other GHG's in the ship exhaust are captured on board in…

Image: SEA\LNG

Chart Joins SEA\LNG

The global manufacturer of equipment Chart Industries has joined SEA\LNG, the multi-sector industry coalition accelerating the widespread adoption of liquefied natural gas (LNG).Peter Keller, SEA\LNG chairman, commented: “We are thrilled to welcome another member from North America. Chart is a highly respected equipment and solution provider working across the LNG value chain and we look forward to working together with a company that is at the heart of the energy revolution.”Chart is a key equipment and systems provider to applications that utilize clean burning…

Image: Louis Dreyfus Company

Louis Dreyfus Joins SRTI

The international agri-based shipping company Louis Dreyfus Company (LDC) has joined the Ship Recycling Transparency Initiative (SRTI), a cross-sectoral coalition calling for increased transparency around ship recycling practices.The Netherlands-based cargo owner said in a press note that it is pleased to sign up to the SRTI as a cargo owner, bringing its support to transparent and responsible ship recycling as part of its philosophy to build awareness and work collaboratively.Sebastien Landerretche…

”Polar Alaska”, transporting the first cargo of LNG to Japan. Photo: JERA

50 years of LNG imports in Japan

Japanese gas buyers marked the 50th anniversary since the first cargo of liquefied natural gas arrived in Japan, now the world’s biggest importer of the fuel.On November 4th, 1969, LNG was first imported to Japan. Tokyo Electric Power Company (now JERA Co., Inc.) and Tokyo Gas, through Mitsubishi Corporation acting as a buyer’s agent, started receiving LNG in 1969 from the Alaska LNG Project with Phillips Petroleum (now ConocoPhillips) as a seller.Demand for LNG and natural gas is expected to further increase globally, especially in the emerging countries.

Photo: Maritime and Port Authority of Singapore

Singapore Launches digitalPORT@SG

Singapore Deputy Prime Minister and Minister for Finance, Heng Swee Keat, DPM Heng announced the launch of the Maritime and Port Authority of Singapore’s (MPA) ‘digitalPORT@SG’, a digital Portal for One-stop Regulatory Transactions, which is Singapore’s maritime single window system that will serve as a one-stop portal for maritime regulatory and port services transactions.It will be developed in two phases: Phase 1 – users can obtain approval for all arriving and departing ships from three public agencies – MPA…

Maersk Join Forces to Develop LEO

A.P. Moller - Maersk alongside with Wallenius Wilhelmsen, BMW Group, H&M Group, Levi Strauss & Co. and, Marks & Spencer to explore LEO - a blend of lignin and ethanol - that could be part of the future solution for sustainable shipping.From the phone, tablet or computer you are reading this on, to the fruit you eat, the trousers you wear or the car you drive, around 80% of the goods you use every day are delivered to you by sea. Shipping accounts for 2-3% of global CO2 emissions, a proportion that is set to increase as global trade continues to grow at a sluggish but steady pace.

Photo: SEA\LNG

FortisBC Joins SEA\LNG

Canadian liquefied natural gas (LNG) provider FortisBC has joined SEA\LNG, a multi-sector industry coalition accelerating the widespread adoption of LNG as a marine fuel.Peter Keller, Chairman, SEA\LNG, said: “We’re pleased to welcome FortisBC to the SEA\LNG coalition. Our North American member network grows as the appetite for LNG as marine fuel expands across the globe.”FortisBC brings to the coalition nearly 45 years’ experience in LNG production in Western Canada. It owns and operates two LNG facilities on the west coast…

Image: Senvion

Siemens Gamesa Buys Senvion Wind Biz

German-Spanish  wind turbine manufacturing giant Siemens Gamesa Renewable Energy (SGRE) has agreed a $225m deal to buy 8.9GW of the European onshore service business of embattled Germany-based rival Senvion along with its smaller rival’s blade factory in Portugal.Senvion´s European service assets will strengthen Siemens Gamesa´s capacity and potential in an important segment. The acquisition of a Service fleet of 8.9GW from Senvion will take Siemens Gamesa to a total of nearly 69GW under maintenance…

Image:  A.P. Moller – Maersk

India's Containerized Trade Growth Slows

India's container trade growth slowed to 1 percent (9% in the same period last year) in Q2 2019 on account of various factors like growing trade tensions and slump in manufacturing sector, Maersk said."The slow down is due to a cocktail of international factors such as slowing trade growth, and growing trade tensions – coupled with domestic factors like rural consumer distress, tightening liquidity and a slow-down in key manufacturing sectors. Combined, these triggers impacted the country’s economic activity…

Photo courtesy of Maersk

Maersk India Trade Report Q2 2019

India’s containerized trade growth slowed to 1% (9% in the same period last year) in Q2 2019, due to a cocktail of international factors such as slowing trade growth, and growing trade tensions – coupled with domestic factors like rural consumer distress, tightening liquidity and a slow-down in key manufacturing sectors. Combined, these triggers impacted the country’s economic activity, slowing overall import-export growth.West India delivered the highest growth with imports growing at 4% and exports at 11%.

Pic: ICS

Top Industry Bodies Preps for Sulfur Target

Leaders of the major shipping industry trade associations - international shipping associations representing shipowners BIMCO, International Chamber of Shipping (ICS), International Association of Dry Cargo Shipowners (INTERCARGO) and International Association of Independent Tanker Owners  (INTERTANKO) met in London yesterday (September 13) to consider the transformational issues affecting the sector.Top of the agenda were the preparations for the implementation of the 2020 Global Sulfur Limit.

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…

Image: ONE

ONE Expands Reefer Fleet

Container line Ocean Network Express (ONE) is adding another 6,000 refrigerated containers (reefers) to its fleet as the trade continues to outperform that for conventional boxes.The new Reefer would expand its current refrigerated container (reefer) fleet of 240,000 TEU. Reefers include 500 units equipped with advanced Controlled Atmosphere (CA) technology which slows down the respiration and ripening process to maximize the shelf life of fruits and vegetables.These reefer containers…

Pic: A probehead for taking gas samples in hot gas atmosphere, produced at the thyssenkrupp TechCenter Additive Manufacturing. It is additive manufactured from austenitic heat resistant steel, and has a longer service life due to integrated cooling channels. Image courtesy of thyssenkrupp

Thyssenkrupp Wins 3D Printing Approval

The international accredited registrar and classification society DNV GL has awarded thyssenkrupp, German multinational conglomerate, first additive manufacturing  approval of manufacturer certificateThe shipping industry is looking to take advantage of additive manufacturing (AM), also known as 3D printing, to print spare parts, thereby reducing lead times, costs, stock requirements, and environmental impacts. Certification ensures that AM part users can have the same confidence…

Logo: Xeneta

Xeneta: Trade War Impacting on Far East

Look beneath the surface of a relatively calm month for long-term contracted ocean freight rates and, says Oslo-headquartered Xeneta, industry observers will see a maelstrom of activity, adjustments and market uncertainty.According to the latest XSI Public Indices report from Xeneta, the leading ocean freight rate benchmarking and market analytics platform, July saw a marginal decline in rates of 0.4%, with a marked fall in the Far East export benchmark. Meanwhile US exports and European imports performed well.The global index has now fallen by 2.4% since its all time high in May this year…

Captain Rajesh Unni, Co-CEO of AOT and CEO and Founder of leading Singapore-based shipmanager Synergy Group (Photo: Synergy)

ClassNK Certification for SMARTSHIP

ClassNK  confirmed type approval certification for SMARTShip, a patented digital shipping solution developed by Alpha Ori Technologies (AOT).SMARTShip, an Internet of Things (IoT) platform that enables the onboard operation of multiple systems with varying degrees of autonomy, has already been installed on more than 30 vessels, with another 60 ships are at various stages of the set-up process.ClassNK’s certification for SMARTShip approves the solution as a ‘Computer Based System’ which conforms to the Class Society’s rules governing a product performing ‘Remote Monitoring and Diagnostics’…

Image: Anek Lines

Telenor Maritime, Anek Lines Sign Pact

Greek passenger shipping company Anek Lines has partnered with Telenor Maritime, which builds 4G coverage offshore to support the oil & gas industry,  to upgrade the mobile ecosystem onboard all its ships.The connectivity platform with Mobile, Premium Wi-Fi, Ka-VSAT and mobile broadband backhaul improves the complete digital value chain with services enhancing operational efficiency and the passenger’s onboard experience.Lars Erik Lunøe, CEO of Telenor Maritime said: "This is an important step for Telenor Maritime’s service-expansion into the Mediterranean…

Marine Interiors 2019: Designers on Board

Ship designers and architects are experts at merging design and safety on board cruise ships. The considerations that make the difference will be on top of the agenda of the Marine Interiors specialist panel discussions during the Seatrade Europe conference program.To make sure that cruise passengers will feel comfortable in every respect, designers and architects leave nothing to chance when designing ship interiors. Based on the shipowner’s suggestions they develop restaurants, bars, suites and spas down to the tiniest detail.

Image: Norsea Wind AS.

Wilhelmsen Acquires 50% of NorSea Wind

Norway-based global maritime industry group Wilhelmsen Ship Management (WSM) has announced the acquisition of a 50% stake of NorSea Wind and it’s subsidiaries to expand its offerings in the the renewable wind energy market.NorSea Wind, founded in 2016 as a subsidiary of  Norsea Group, provides project management and logistics planning throughout all stages for on and offshore wind farm projects.It is the focal element within Norsea Group where it integrates all service offerings for the wind energy segment as it’s go-to-market strategy.

Kenneth Vareide (Photo: DNV GL)

DNV GL Appoints New Digital Solutions CEO

Kenneth Vareide has been appointed the CEO of DNV GL’s Digital Solutions business area, which is a provider of solutions for managing risk and improving asset performance.Its services are used primarily by the oil & gas, energy, renewable and maritime industries and it consists of close to 1,000 digital experts. Vareide joined DNV GL as a trainee in 1996 and most recently held the position of Digital Director in business area Maritime.“DNV GL has been a digital pioneer since the 1960s and it is an exciting and challenging time to pick up the CEO’s baton…

Photo: Qatar Petroleum

QP Ships Naphtha to Thailand

Qatar Petroleum (QP), a state owned petroleum company of Qatar, said that it had concluded a 10-year sales agreement to supply Thailand's SCG Chemicals with a total of 3 million metric tons of light naphtha starting from this month.The agreement was made for and on behalf of the Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), Qatar Petroleum said in a press release.This long-term supply agreement is the first QPSPP naphtha feedstock sale to an end-user in Thailand…

Pic: SEA\LNG

SEA\LNG Welcomes Vancouver Fraser Port

The Vancouver Fraser Port Authority has joined SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel. Vancouver Fraser Port  is the first North America port member to join the industry group.The Vancouver Fraser Port Authority is the federal agency of the Port of Vancouver, Canada’s largest port, and the fourth port member to join the coalition, alongside Port of Rotterdam, Yokohama-Kawasaki International Port Corporation (YKIP), and most recently the Maritime and Port Authority of Singapore (MPA).

Rebecca Hofmann Photo:  OOC Oil & Gas Blockchain Consortium

Oil, Gas Majors Join Blockchain Consortium

A group of seven major oil and gas companies, including ExxonMobil Corp., Chevron Corp. and ConocoPhillips, announced a partnership to establish the first industry blockchain consortium in the United States.With several use cases across the industry value chain, the consortium intends to conduct proofs of concept with this emerging technology in 2019, said a press release from OOC Oil & Gas Blockchain Consortium.The OOC Oil & Gas Blockchain Consortium was founded to advance industry blockchain technology learnings for the purpose of driving industry standards…

Pic: DCP Midstream

DCP Sells Terminals to NGL

Delaware-based NGL Energy Partners and Colorado's DCP Midstream have executed a purchase and sale agreement under which DCP will convey to NGL its wholesale propane business, generally consisting of seven natural gas liquids terminals in the Eastern United States.Under the terms of the agreement, NGL will acquire 100% ownership of five propane rail terminals operated by Gas Supply Resources, a subsidiary of DCP, and 50% ownership interest in a sixth propane rail terminal.The agreement also includes an import/export terminal located in Chesapeake…