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COSCO Shipping Heavy Industry Wins Tanker Duo Order
China s COSCO Shipping Heavy Industry has signed an agreement for the construction of two 49,900 dwt crude oil tankers.
Under the deal, agreed with compatriot COSCO Shipping Energy Transportation, the Dalian shipyard would build and deliver the units by September 2021.
The parties said that the units have a value of around USD 33.9 each. The shipbuilding contract was signed in Shanghai in late September 2019.
COSCO Shipping Heavy Industry noted that the tankers feature reduced fuel consumption, low-carbon environmental protection, hull optimization and strong cargo suitability compared with the existing similar vessels.
Foremost Grows Fleet with Post-Panamax Newbuild
New York-based dry bulk shipping company Foremost Group has taken delivery of Ting May, a new Post-Panamax bulk carrier.
The 85,004 dwt newbuilding was handed over to its owner by Japanese Oshima Shipyard in Nagasaki Prefecture.
As informed, this newest eco-friendly vessel will be immediately put in service for Bunge Limited, the ship s charterer, which will deploy it to transport its dry-bulk cargoes to ports around the world.
According to Foremost Group, the 228.5-meter-long bulker is financed by the First Commercial Bank of Taiwan.
"This newest vessel is a great addition to our fleet of eco-friendly ships that transport major dry-bulk commodities around the world," Angela Chao, Foremost Group Chair and Chief Executive Officer, commented upon taking delivery of the latest addition to the company s fleet.
Founded in 1964, Foremost Group charters its fleet to dry bulk companies which use the ships to move their commodities. Its fleet is comprised of environmentally friendly ships built to the company s stringent specifications. The average age of the fleet is less than five years old.
Apart from the recently delivered Ting May, Foremost has eleven bulkers on order at Oshima and China’s Shanghai Waigaoqiao and Chengxi shipyards, data provided by VesselsValue shows.
NYK Welcomes Its First Methanol-Fueled Ship
Japanese shipping company Nippon Yusen Kaisha (NYK Group) has taken delivery of Takaroa Sun, a methanol carrier equipped with two-stroke dual-fuel engine technology that enables the vessel to be powered with methanol.
Built at South Korean Hyundai Mipo Dockyard, the newbuild was funded through NYK s green financing initiative established to support environment-friendly projects.
As explained, the 49,000 dwt Takaroa Sun was equipped with the MAN Energy Solutions two-stroke dual-fuel engine that runs on both methanol and conventional marine fuel. The vessel also has a processor that reduces nitrogen oxides (NOx) so that it meets the IMO s stringent Tier III regulation.
Featuring a length of 183 meters and a width of 32.2 meters, the 57,000 cbm ship flies the flag of the Norwegian International Ship Register (NIS).
Takaroa Sun will be chartered to Waterfront Shipping Company Limited (WFS), a subsidiary of Methanex Corporation, a producer and supplier of methanol, in a long-term time-charter agreement between WFS and NYK Bulkship (Asia), an NYK Group company based in Singapore.
"We are delighted to establish this relationship with WFS, which has expertise in methanol shipping, and we welcome our first methanol-fueled vessel into our fleet. Making use of the NYK Group s … vessel management featuring advanced, new technology, we plan to fully meet the expectations of WFS," Takeshi Kishi, managing director of NYK Bulkship (Asia), commented.
"We are very pleased with the performance of our existing methanol-fueled vessels that have proven the safety and reliability of the technology. With the delivery of Takaroa Sun, we are continuing to benefit from innovative technological advances that will optimize performance and efficiency," Paul Hexter, President, Waterfront Shipping, said.
"On an energy-equivalent basis, methanol is cost-competitive over the cycle and we see significant value creation opportunities from using a methanol flex-fuel engine."
As a marine fuel, methanol is safe, biodegradable, and clean-burning, offering compliance with the International Maritime Organization s (IMO) 2020 regulations by reducing sulphur oxides (SOx) by approximately 99 percent. With the ability to be produced from renewable sources, methanol can also provide a pathway to meeting future carbon emission reduction targets.
K Line to Start Research on Shipping Market Using AI
Japan s shipping major K Line has agreed with Hiroshima University, the National Institute of Maritime, Port and Aviation Technology and Marubeni Corporation to jointly work on research and analysis of maritime logistics and shipping market conditions using artificial intelligence (AI).
The company added that the purpose of this research is to estimate maritime logistics by combining data and technology, and to explore the possibility of developing predictive models with high accuracy.
"The shipping market is one of the more difficult economic indicators to predict because it fluctuates greatly under the influence of various market and social conditions, and sometimes market sentiment as well. The method developed by the research is expected to enable more accurate and transparent business decisions," K Line said.
In recent years, it has become possible to use comprehensive, chronologically ordered ship movement and static data, such as position, speed, direction, port of call and drafts, for ships with over 300 gross tonnage traveling internationally. This data is being applied in a variety of ways.
Additionally, AI is "making remarkable progress" with improving machine learning and deep learning technology, and there is much research and practical application of this technology that is being used to find patterns hidden in big data and to make predictions, K Line explained.
"We are working to further improve the quality of existing service based on safety in navigation and cargo operations to high-value-added services which can contribute to strengthening relationships with our customers that we have cultivated for many years," the company noted.
Kyoei Tanker Orders Another VLCC from Namura Shipbuilding
Japanese shipowner Kyoei Tanker has ordered another very large crude oil carrier (VLCC) from compatriot shipbuilder Namura Shipbuilding.
The carrier is scheduled to be delivered in 2021, according to the shipowner who did not reveal financial aspects of the order.
Kyoei just noted that the 310,000 dwt VLCC was ordered "at a fair value under current market conditions."
The order for the ship follows Namura s delivery of the similarly-sized VLCC Tenryu to Kyoei Tankers in July this year.
The shipbuilder has another unit for delivery to Kyoei by the end of the year, according to VesselsValue data.
Cruise ship collided with cargo ship, Danube, Romania
Cruise ship PRINZESSIN ISABELLA with 165 passengers on board collided with Panama-flagged cargo ship in Tulcea waters, Romania, Danube, at around 0500 LT Oct 5. Cargo ship was proceeding upstream en route to Galati, cruise ship was sailing downstream, to Tulcea. Cruise ship was, from the looks of her, seriously damaged starboard midship. Two passengers were injured, but luckily, not seriously. Cruise ship berthed at Tulcea, cargo ship was brought to anchor upstream from collision site.
Cruise Ship Interiors Expo Europe Provides Industry-Leading Agenda
Full details have been released of the industry-leading conference agenda framing the debut of Cruise Ship Interiors Expo Europe (CSIE), which takes place at the Fira Barcelona on 4-5th December, 2019.
Over two days, the speaker programme will bring together 30 of the most senior, influential and innovative cruise designers in the business, ready to share their ideas and expertise in a series of interactive sessions aiming to encourage insightful discussion.
Sydney port developer plots green shift with plans to turn waste into fuels
The developer behind the container port project in Sydney, N.S., is branching out into the green technology sector.
Sydney Harbour Investment Partners (SHIP) has entered a joint venture partnership with QCI, LLC, a Michigan-based company that claims to have developed clean technologies to convert municipal solid waste, waste plastic and scrap tires into fuels and other useful products.
ICTSI assures sustainable port operations
International Container Terminal Services Inc. (ICTSI) of tycoon Enrique Razon has assured sustainable operations of its gateway ports amid global headwinds.
With 32 ports in 18 countries across the globe, ICTSI guaranteed the unimpeded mobility of cargo by ensuring that its gateway ports, a key channel in economic growth, provide the best service.
S.Korea Bans Hazardous Cargo From Several Ulsan Port Terminals After Tanker Fire
South Korea has banned cargo containing hazardous substances from being transported or unloaded from vessels at several terminals of the port of Ulsan in the wake of a massive tanker blaze there, media reported on Saturday.
The Yonhap news agency reported that the decision was made by the administration of Ulsan, regional fisheries agency and the port administration.
Heavymovement and Kalmar - the future is electric
Recently, Heavymovement extended its cooperation with Kalmar with the purchase of an innovative medium electric forklift. The new machine is helping this metals industry company to reduce costs, raise health and safety standards for operators, and to achieve important sustainable goals.
Headquartered in Barcelona, Heavymovement offers outsourced industrial services to the metals industry, such as slag, scrap yard and warehouse management services, and transportation of iron and steel products for steel mills.