Shipping

  • LNG for bunkering has methane problem

    Using LNG for bunkering is a way to reduce greenhouse gas (GHG) emissions from the marine sector, according to the gas industry. We disagree, some leading academics say. And it is because of methane leakage.

  • NAKILAT LNG CARRIER COMES UNDER IN-HOUSE...

    Doha-based Nakilat assumed full ship management and operations of the Q-Flex LNG carrier, Mesaimeer, from STASCo (Shell Trading and Shipping Company Ltd.) with effect from 23 March 2017, as part of the planned and phased transition announced in October last year. The 216,000 cu m capacity Mesaimeer, delivered by Hyundai Heavy Industries in 2009, is wholly-owned by Nakilat and chartered by Qatargas.

  • Net profit of Cosco Shipping Ports decreased by...

    The net profit of Cosco Shipping Ports decreased by 43% in 2017 and amounted to 247 million USD. Despite of the sharply decreasing net profit, the revenues of the port operator rose by 1.1% to 556.4 million USD. the terminal business of the group suffered from the slowed growth of the world economy and the port industry, as well as the reduction in China’s foreign trade. Cosco Shipping Ports reported that profitability for gross profit decreased by 0.4%, to 35.8% due to increased costs.

  • DAMEN SCHELDE NAVAL SHIPBUILDING DELIVERS FIRST...

    Damen Schelde Naval Shipbuilding has handed over the first SIGMA 10514 Perusak Kawal Rudal (PKR) frigates to the Indonesian Ministry of Defence, on schedule and on budget. The ceremony took place at the PT PAL shipyard in Surabaya where the vessel was assembled. The Indonesian Ministry of Defence awarded the contract to Damen as main contractor for the construction of the first SIGMA 10514 PKR in December 2012. On receiving the ship, named the Raden Eddy Martadinata after one of the founders of the Indonesian Navy, the Ministry handed it on to the Navy.

  • Portable Dynamic Positioning System: Opportunity...

    Increased activity in offshore construction & maintenance and both pipe and cable lay has led to the need for vessels with true dynamic positioning (DP) capability. This need is the product of both increased activity in shallow and deep offshore waters and the infrastructure congestion of mature undersea fields. Conventional mooring systems utilizing anchors and anchor handling vessels are not practical in shallow congested fields due to the danger of dragging across pipelines and cable. In deeper waters, the weight and difficulty of handling the necessary scope and rope renders the traditional four-point moor less cost effective and impractical. Vessels with true DP capability are more attractive for these projects.

  • Damen Shiprepair & Conversion completes...

    Damen Shiprepair & Conversion (DSC) has recently completed works in Vlissingen and Brest on two major vessels in the fleet of dredging and marine construction specialist Jan de Nul Group. One of these is the Vole au vent, a 140-metre jack-up vessel built specifically for the installation of the latest generation of offshore wind turbines. The other is the trailing suction hopper dredger Leiv Eiriksson. Both vessels are among the largest in their classes, anywhere in the world.

  • Greece Receives Three Bids for Thessaloniki Port

    Greece has received three bids for the acquisition of the 67 percent stake in the Thessaloniki Port Authority, the second largest port in the country, the Greek privatizations agency, Hellenic Republic Asset Development Fund, informed.

  • Nakilat Assumes Management of LNG Mesaimeer

    Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has assumed full ship management and operations of the Q-Flex LNG carrier Mesaimeer from Shell Trading and Shipping Company Ltd. (STASCo).

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Norway First to Join HNS Shipping Treaty

Norway has become the first country to become a contracting state to a key compensation treaty covering the transport of hazardous and noxious substances (HNS) by ship.

The HNS Convention establishes the principle that the 'polluter pays' by ensuring that the shipping and HNS industries provide compensation for those who have suffered loss or damage resulting from an HNS incident.

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Shipping lines unprepared for cyber breaches

Most shipowners today have not conducted comprehensive risk analysis to cyber breaches leaving the global merchant fleet very exposed to online attacks. That’s the view of Ronald Spithout, the president of satellite communications giant Inmarsat Maritime.

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ADANI GROUP EYES GLOBAL EXPANSION

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operating firm, will begin a feasibility study into building a greenfield multi-purpose port mainly for handling containers at Carey Island in Malaysia’s Selangor state, about 50 km southwest of the capital, Kuala Lumpur.

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Two ASD Tugs 2411 for Saam Smit Towage to be built by Wilson Sons, Brasil

Wilson Sons Limited (BM&FBovespa: WSON33) announces to its shareholders that the shipyard subsidiary Wilson Sons Estaleiros Ltda, has signed a contract to construct two azimuth tugboats for Saam Smit Towage do Brasil S.A. (“Saam Smit”), to be delivered within twenty months of payment of the first instalment of each vessel.

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Shipping could find itself in new overtonnage supply in two years’ time, if newbuilding ordering picks up pace once more

As the growth potential for global trade appears to be limited for the time being, ship owners should continue to look to trim further tonnage supply, in order to avoid a new crisis in the freight market. In its latest weekly analysis, shipbroker Allied Shipbroking said that “with focus being turned on the G7 meeting taking place in Italy this week and part of W-O-W change the main agenda to be discussed being the openness of trade and a hold on the growing trend towards protectionism, the prospects of global growth and its reliance on the openness of international trade are once again on the defense. Global growth has been moving at a sluggish pace for several years now and despite the optimism prevailing the commodities’ trade these past twelve months, it still seems as though there just isn’t enough drive to really getting things moving on a higher gear”.

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