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.: 24-Aug-2019 :. Search News
Displaying 1 to 6 of Records.
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Drewry: Stronger US-China Ethane Trade to Boost Demand for VLECs
Demand for very large ethane carriers (VLECs) is set to increase in the next three years as ethane trade grows on the U.S.-China route, according to shipping consultancy Drewry.
The first VLEC cargo on the U.S.-China route was transported by the 84,000 cbm JS Ineos Marlin, which loaded from both the Marcus Hook and Morgan Point terminals in July 2019. The development marked a new era in gas trade, which has the potential to become a major trade in the future, Drewry said.
These countries have traded ethane before on smaller semi-refrigerated vessels but the trade was sporadic, depending on the feedstock used by Chinese steam crackers. However, upcoming ethylene facilities in China have been based on supplies of cheap U.S. ethane and in theory, this trade "should support the rise in demand for ethane over the forecast years."
Ethane trade on the U.S.-China route has the potential to make demand for about 30 VLECs, according to Drewry.
There are currently seven VLECs in operation of which six are co-owned by Reliance Industries and MOL, while one is owned by Evergas.
With the VLEC model proven to be successful, orders for new vessels have increased in 2019.
Zhejiang Satellite Petrochemical placed an order for six 97,000 cbm VLECs to transport ethane from the Orbit terminal in the U.S. to China. Five of the vessels are scheduled for delivery in 2020 and one in 2021. In addition, Jaccar Holdings also has one 85,000 cbm VLEC under construction backed by a contract with SP Chemicals in China, and MOL has recently signed an MoU with the ABS Group for technical consultancy on designing and constructing seven VLECs.
Modern VLECs use similar technology as LNG carriers and have the ability to transport ethane or propane. However, Drewry expects that the new generation of carriers will focus only on ethane as designs are pending for ultra large ethane carriers (ULECs) with capacities in excess of 150,000 cbm. Such vessels cannot be accommodated by any of the existing LPG terminals.
"With the number of ethane carrying vessels increasing, this niche segment in the gas shipping sector seems to be ready to break out on the main stage. The long-haul route between the U.S. and China will increase the tonne-mile demand in the sector as well as bring more advanced technology and bigger vessels into the arena."

Posted On:24-Aug-2019



Klaveness CLEANBU in Wet-Dry Cargo Switch
Norway-based shipowner Klaveness Combination Carriers (KCC) has undertaken a wet-dry cargo switch, marking a first for one of its CLEANBU combination carriers.
The company s 83,600 dwt Baru, featuring a length of 228.4 meters and a width of 34.5 meters, made the switch from wet to dry cargo.
The vessel transported a full cargo of petroleum products (CPP) from India to Argentina. After discharging the CPP, it completed the cleaning and conversion from tanker mode (as a LR1-tanker) to dry bulk mode (as a Kamsarmax bulk carrier), loaded a grain cargo and is now en route back to Asia.
Klaveness Combination Carriers said that the vessel passed all the strict cleaning inspections from the grain cargo surveyors prior to its loading. The cleaning result was for the first time also available for digital inspection on the Klaveness and DNV-GL Veracity created inspection platform, the company added.
Furthermore, on this specific trade alone the ship s estimated fuel savings, compared to standard vessels, are at around 1,200 mts, while CO2 emission cuts are at 3700 mts, Klaveness Combination Carriers explained.
The company s CLEANBU fleet now consists of two vessels with the Barracuda delivered end July and the third vessel Barramundi scheduled to join the fleet in September 2019.

Posted On:24-Aug-2019



No-deal Brexit means major disruption
Leaked documents predict major disruption at British ports in the event of a no-deal Brexit.
The Yellowhammer government documents show that if the UK leave the EU without a deal there could be three months of delays at UK ports, while up to 85% of lorries travelling through the main Channel crossings "may not be ready" for French customs by the current Brexit deadline of 31 October, said the Sunday Times, which has gained access to the report.
The worst disruption to the short Channel crossings might last three months, although disruption could go on for much longer, outlined the documents.
In a "reasonable worst-case scenario", the disruption could leave HGVs facing maximum delays of 1˝-2˝ days before being able to cross the border.
Transport disruption is likely to affect the supply of medicine, food and fuel, said the documents.
However, MP Michael Gove, in charge of no-deal Brexit plans, said the documents are based on a "worst-case scenario".
"Yellowhammer is a worst-case scenario - v significant steps have been taken in the last 3 weeks to accelerate Brexit planning," Mr Gove ‘tweeted’ on Twitter.

Posted On:24-Aug-2019



Credits: www.bunkerportsnews.com

DP World Announces Strong Financial Results
DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem credited the company s strategy of developing innovative new products and services and prudent management for DP World’s impressive half-year results. Bin Sulayem added that DP World s excellent performance against the backdrop of challenging global economic conditions is a testament to the company s resilience, sound growth strategy and the diversification of its global investment portfolio across energy, maritime and sustainable mobility amongst others.

Posted On:24-Aug-2019



Credits: www.bunkerportsnews.com

Konecranes wins combined order for yard and quay cranes in the Philippines
Kudos Trucking Company has ordered two Konecranes Noell Rubber Tired Gantry (RTG) cranes and two Konecranes Gottwald Model 5 Mobile Harbor Cranes (MHCs) for their terminal in Davao City, the Philippines. Konecranes booked the order in June 2019.
With the economy of the Philippines growing rapidly, Kudos Trucking Company (KTC) placed the order to better cope with a surging volume of containers. The agreement marks the next growth step for a company that started hauling ship cargo and containers, then moved to operating container yards, and now has its own port terminal in Davao, a hub of trade, commerce and industry on the southern Philippines island of Mindanao. It also underscores the strength of Konecranes portfolio of manned, remotely operated and fully automated container handling equipment and services for the quayside, horizontal transport and container yards.
"We ve had a consistently good experience with lift trucks under Konecranes legacy brands," says Jefferson Tao, General Manager of KTC. "So when the time came to increase terminal capacity, we thought it would be worth investing in more Konecranes machines. And we were also pleased that we could get all the cranes we needed from a single supplier."
This combined order consists of both MHCs to load and unload vessels up to Post-Panamax class at the quayside and RTGs for handling containers in the yard. At the end of 2019, KTC will receive two electric Konecranes Gottwald Model 5 mobile harbor cranes, both with a lifting capacity of 125 tons. In June 2020, they will add two Konecranes Noell RTGs to their fleet, each with a two-speed engine and a lifting capacity of up to 41 tons. The eco-efficient drive technology of all four machines will reduce operational costs like fuel consumption and carbon emissions.
"We are happy to help make a further success story in the Philippines," says Jerry Fann, Sales Director of Port Cranes, Konecranes Port Solutions. "In particular, this combined order underlines the strength of our offering - the widest and deepest in container handling."

Posted On:24-Aug-2019



Credits: www.bunkerportsnews.com

New UNCTAD report stresses the importance of port call optimization
Ports matter to national economies and shape a country s competitiveness. UNCTAD has long measured port efficiencies through its Liner Shipping Connectivity Index (LSCI). This has now been enhanced through the use of MarineTraffic AIS data. UNCTAD has developed a new comprehensive table that features port calls by country, the typical turnaround time as well as the average size and age of ships. The first year of coverage is 2018, with updates scheduled every six months. According to the MarineTraffic data, containerships have the lowest port turnaround times. In 2018, any given ship spent a median of 23.5 hours (0.97 days) in ports. However, in 2018, dry bulk carriers typically spent 2.05 days during a port call, while container ships spent on average the least amount of time (0.7 days). Performances ranged between 0.23 days in the Faroe Islands and 6.5 days in the Maldives.
But how do ships and ports go about improving their performance?
According to the UNCTAD report top of a list of three suggested measures to help improve port performance was port call optimisation.
Port call optimisation is fundamentally about maximising the efficiency of a vessel port call in order to improve safety and reduce costs. Efficient port calls mean reduced fuel burned from ships and less CO2 emissions, as the report states:
"Ships should only arrive at the right time, i.e., when they need to arrive, as arriving too early implies additional costs in ports, and sailing at unnecessarily high speeds would generate more air emissions including carbon dioxide (CO2). To arrive on time rather than in time is the aim of port call optimisation initiatives. Making use of digitalisation means that data will need to be exchanged between shipping lines, ports, shippers and intermodal transport providers."
An important driver for the optimisation of port calls is that relevant data between ship and port is shared in advance. This enables better planning of berth occupation, availability of equipment, labour resources, as well as stowage planning and the subsequent distribution and delivery arrangements for goods.

Posted On:24-Aug-2019



Credits: www.bunkerportsnews.com
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