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.: 8-Apr-2019 :. Search News
Displaying 1 to 16 of Records.
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Ship s crane collapsed, two dockers killed, Indonesia
Crane of general cargo ship BISTARI 8 collapsed during cargo operation at Pontianak, Western Kalimantan, Indonesia, on Apr 4, reportedly while trying to lift too heavy weight. Two dockers were killed - one instantly by collapsed crane, another one being mortally wounded while trying to escape, in a hospital.
Quite recently, in February this year, similar accident took place at Dwikora Port, Pontianak, but luckily, without casualties or injures.

Posted On:8-Apr-2019



Barge pushed by tug collided with bridge on Maju river, Brazil
Pusher tug VO MARIA pushing a barge, loaded with bulk cargo, collided with bridge on Moju river, Para State, Brazil, on Apr 6. A section of the bridge, with two passing cars on it, collapsed and fell into water. It is not known yet how many people were in those two cars. 5 crew of pusher tug weren t hurt. All media, local, national and mainstream, labeled tug as a ferry, which of course, is an obvious mistake. Para State officials already said, that the tug didn t have required license or whatever, to navigate in Moju river waters. It s an inland pusher tug, no data found in available databases.

Posted On:8-Apr-2019



Okeanis Eco Tankers Gets Option to Acquire Suezmax Pair
Greek shipping company Okeanis Eco Tankers Corp. has been granted an option by the company s chairman to acquire two Suezmax newbuilding vessels.
As informed, the option secures a right for the company, at no cost, to acquire the vessels at the chairman’s acquisition price.
The tankers would be constructed at South Korean shipyard Hyundai Heavy Industries (HHI) and delivered in Q3 2020.
According to Okeanis Eco Tankers, the option follows a unanimous decision by the company s board of the directors not to exercise its right of first refusal to step into tanker transactions sourced by the chairman.
"After careful evaluation …, the board decided to forego the opportunity to grow the company," Ioannis Alafouzos, chairman and CEO, commented.
"The board is of the unanimous view that the company’s fleet is already well-positioned - in terms of size, composition, age and growing spot market exposure - to capitalize on the strengthening tanker market, and that further growth is thus not warranted at this time."
"Nonetheless, as the sponsor of the company, I have granted the company the option to acquire these vessels from my private vehicle at the price I contracted them… The main drivers of the decision by the company to exercise or not exercise the option will be the prevailing market conditions, asset values and the company s cost of capital … at the relevant time," Alafouzos explained.
The option can be exercised by November 1, 2019. If the company does not exercise the option, Okeanis Eco Tankers will receive a daily fee of USD 600 per vessel from the sponsor for the commercial management of the option vessels upon their delivery.
Based in Piraeus, Okeanis Eco Tankers is a pure play eco and scrubber-fitted tanker company that has a fleet of fifteen crude oil and products tankers in the VLCC, Suezmax and Aframax segments. Eight of the fifteen ships are currently being built at HHI, with deliveries planned between Q2 and Q4 2019.

Posted On:8-Apr-2019



Drewry: Container Shipping Heading to a Better Tomorrow
The container shipping industry is facing an exceptionally high level of uncertainty amid numerous headwinds, according to shipping consultancy Drewry.
The uncertainty ranges from the extra cost associated with IMO 2020 and how much carriers will recover from shippers, to the possibility of a trade recession and unknown future engagement by shipowners in large vessel building programmes.
"The degree of uncertainty is probably the highest it has been in a decade," said Simon Heaney, senior manager, container research at Drewry and editor of the Container Forecaster.
Every region is expected to see container port handling growth in each and every year of the five-year forecast horizon of the Container Forecaster, albeit at a slightly slower pace than Drewry was previously anticipating. Moreover, supply growth is expected to be below that of demand through 2023, which will assist the industry s ongoing effort to rebalance an over-supplied market.
Drewry expects that the industry will be close to equilibrium by 2023 with its Global Supply-Demand index reaching a reading of 97.1.
"Our analysis makes it very clear that it is essential that carriers increase their fuel recovery ratio, or else there will be serious consequences," said Heaney.
"What gives us confidence of a better tomorrow is that despite weaker supply-demand fundamentals, carriers last year managed to secure marginally higher rates, proving themselves capable of exerting a greater degree of pricing discipline. We expect IMO 2020 to raise the industry s fuel bill by around 50% in 2020, which will certainly sharpen minds and serve to keep carriers on track."
Drewry expects strong resistance from BCOs to new BAF formula, but carriers could be more successful than in the past due to the wider market acceptance of burden sharing and the fact that lines started discussing mechanisms early with shippers, giving them time to iron out any teething pains.
"Most shippers accept that they will have to pay more but they rightly expect any increase to be justified with a credible and trusted mechanism - in other words the ball is very much in the carriers court," said Heaney.

Posted On:8-Apr-2019



USCG Evacuates Man from Bulker off Washington
A 29-year-old seafarer has been evacuated from the 63,392 dwt bulk carrier Great Fluency while the vessel was in the Straight of Juan De Fuca, Washington.
The Chinese man was reportedly exposed to phosphene gas, according to a report by U.S. Coast Guard.
In the morning hours of April 7, the Coast Guard District 13 received a notification from the Great Fluency about the incident and launched a response boat from Station Port Angeles.
The man was reportedly nauseous but able to climb down a Jacob s ladder without assistance.
The seafarer was safely transported to the Olympic Medical Center in Port Angeles for further medical attention, USCG said.
At the time, the 2016-built vessel was on its way from the port of Vancouver, Canada, to the port of Caldera, Costa Rica.

Posted On:8-Apr-2019



TOP Ships Receives Suezmax Tanker Eco Bel Air
Greek tanker owner TOP Ships has expanded its fleet with a 157,000 dwt newbuild Suezmax tanker.
Delivered by South Korea s Hyundai Samho shipyard, Eco Bel Air is the 13th vessel in TOP Ships fleet and is one of the first scrubber-fitted Suezmax tankers to be delivered worldwide, the company said.
"The delivery of the Eco Bel Air marks our comeback in the Suezmax tanker segment after almost 11 years," Evangelos Pistiolis, the president, CEO and director of TOP Ships said.
TOP Ships newbuilding program will have been completed with the delivery of the second Suezmax tanker in May 2019. The company noted it would then have 14 vessels with an average age of two years and a tonnage of 896,000 dwt.
Pistiolis added that the newbuilds would be placed under long-term time charter agreements with triple-A charterers.
Data from the company’s website shows that both Eco Bel Air and sister ship Eco Beverly Hills will be chartered to BP Shipping with a duration of three years and two one-year options.
The company concluded post-delivery financing of the two newbuilds with an undisclosed Chinese leasing company in 2018. At the time, TOP Ships said that the daily charter rate would be USD 25,000 per vessel.

Posted On:8-Apr-2019



EPIK Inks Engineering Deal for Newcastle LNG Terminal
South Korea’s Energy Projects and Infrastructure Korea (EPIK) has agreed a design, engineering and construction services deal for onshore infrastructure components of its Newcastle LNG FSRU import terminal.
An undisclosed target EPC price has been included in the agreement, executed with Australia s Watpac, with mechanisms to ensure project competitiveness.
Furthermore, Newcastle GasDock Company, a subsidiary of EPIK, has been established in Australia to carry out the project at the Port of Newcastle, Australia.
Watpac will be supported by Mott MacDonald, an international marine and engineering infrastructure consultant with significant experience in the design and engineering of multiple FSRU projects around the world.
"This is a significant step forward for the Newcastle LNG project. Partnering with Watpac and Mott MacDonald for the exclusive provision of design, engineering and EPC services for Newcastle LNG enables EPIK to secure uncompromising engineering expertise at a competitive price point, facilitating and preserving our aggressive project development schedule," Jee Yoon, EPIK’s Founder and Managing Director, said.
Watpac, a wholly-owned subsidiary of BESIX, has operations across the country, successfully delivering challenging construction and marine and civil projects. In September 2018, BESIX completed the design and construction of the Bahrain LNG import terminal located offshore Muharraq Island, which is anticipated to commence commercial operations in May of this year.
"As an Australian company, we are thrilled to be partnering with EPIK to deliver the engineering and construction services for this critical project," said Bram Gruwez, Watpac General Manager, Marine & Civil.
"With our help, the Newcastle LNG import terminal will safely provide NSW with a long-term source of competitive gas supply, supporting existing and future industry and helping to grow the region s economy," Gruwez continued.
Watpac and Mott MacDonald join a growing lineup of experienced industry professionals supporting the Newcastle LNG development. In February 2019, it was announced that EPIK and Hyundai LNG Shipping had formed a strategic partnership to collaborate on FSRU projects around the world. In addition, EPIK is engaged with leading advisors and consultants, including environmental and planning support from Arup, and legal and regulatory counsel from K&L Gates, among others.
EPIK expects to place an order for the FSRU new-build with a shipyard subject to Newcastle Gasdock Company receiving all regulatory approvals for the project, which the company currently estimates to receive by early 2020.

Posted On:8-Apr-2019



COSCO Shipping Ports to Develop Port Supply Chain in Nansha
Hong Kong-based port operator COSCO Shipping Ports signed an investment agreement with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau.
Under the deal, the company plans to develop phase I of terminal extended business in the land near Nansha Stevedoring Corporation Limited of Port of Guangzhou and Guangzhou South China Oceangate Container Terminal Company Limited, in order to develop port supply chain platform and a high-end warehousing business, as well as extend the upstream and downstream industries.

Posted On:8-Apr-2019



Restructured Aegean Marine Becomes Minerva Bunkering
Marine fuel logistics company Aegean Marine Petroleum Network has emerged from the voluntary Chapter 11 restructuring after its plan of reorganization became effective.
As informed, the company will now operate as Minerva Bunkering, a global physical supplier of marine fuels and a fully-owned subsidiary of Mercuria Energy Group Limited (Mercuria), an energy and commodity group.

Posted On:8-Apr-2019



CMA CGM Christens New Ship for French West Indies
French container shipping company CMA CGM has christened CMA CGM Fort De France, the company s 1st vessel dedicated to the French West Indies.
The Post-Panamax containership was christened by Annick Girardin, French Minister for Overseas Territories, in Martinique on April 4, 2019.

Posted On:8-Apr-2019



Suez Canal s revenues increase by 10 percent in 2018
The Suez Canal Authority denied signing a contract with the Ministry of Finance to pay all its debts after failing to pay $600 billion back to different banks.
"The Suez Canal Authority has no debts to be paid and its revenues increased by 10 percent in 2018. Such news has nothing to do with reality and aims to incite public violence," the authority s chairman Mohab Mamish stated.

Posted On:8-Apr-2019



Credits: www.bunkerportsnews.com

Customs industry not ready for Brexit
Britain s customs system is not ready for Brexit - and could still take another three years to be prepared.
That is the view of one of the most high-profile figures in the British customs industry, who chairs a key committee advising the government.

Posted On:8-Apr-2019



Credits: www.bunkerportsnews.com

Blue Economy Is Focus For Baltic Ports
Topics essential to the concept of the Blue Economy have been discussed at a conference focused on development of a sustainable maritime economy in the Baltic region.
Participant of the Development of the sustainable maritime economy: opportunities and challenges for small and medium ports in the Baltic Sea Region event in Latvia discussed how ports and communities can benefit from working together and a strategy for sustainable Blue Growth in the BSR, especially in the context of the EUSBSR.

Posted On:8-Apr-2019



Credits: www.bunkerportsnews.com

Transnet looks abroad to improve port terminal efficiency
Transnet national port authority will be bringing in foreign operators to help improve efficiencies at its terminals and was dealing with corruption in the organisation.
That was the message to freight industry representatives at the Transport Forum, hosted by Transnet Port Terminals, in Durban.

Posted On:8-Apr-2019



Credits: www.bunkerportsnews.com

Mumbai can transform its port area into its own Canary Wharf
Even as India is consumed by its upcoming elections, the world s biggest, the country is nearing another milestone: It s set to overtake the UK to become the world s fifth-largest economy. By 2030, its GDP could top $10 trillion. Yet, unusually for such a geographically large and economically vibrant country, India has no states to compare to California in the US, China s Guangdong province or Japan s Kanto prefecture - all regions with $1 trillion economies.

Posted On:8-Apr-2019



Credits: www.bunkerportsnews.com

India: Top ports record marginal upswing in FY19 cargo handling at 699 MT
India s 12 major ports recorded 2.90 per cent growth in cargo handling at 699.04 million tonnes (MT) in the just concluded fiscal, as per ports body IPA.
The growth at these ports, that had handled 679.37 MT cargo in 2017-18, was driven mainly by higher handling of coal, fertilisers and containers.

Posted On:8-Apr-2019



Credits: www.bunkerportsnews.com
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