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.: 21-May-2018 :. Search News
Displaying 1 to 10 of Records.
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Car carrier major fire, Incheon.
Fire erupted on a cargo deck of car carrier AUTO BANNER at around 0940 Seoul time May 21 at Incheon port, Korea. Reportedly, overheated engine of one out of 200 loaded second-hand cars destined for Libya caught fire, which spread around other cars. Fire is considered to be major, some 40 engines, helicopters and tugs, 150 firefighters in total, are engaged in firefighting, ship s crew reportedly evacuated. On photos burning AUTO BANNER.

Posted On:21-May-2018



Sembcorp Marine Pens Deal for Shell s FPU
A Sembcorp Marine unit has won a contract to construct and integrate the hull, topsides and living quarters of Shell s Vito semi-submersible floating production unit (FPU). The contract, awarded to Sembcorp Marine Rigs & Floaters by Shell Offshore, includes installation of Shell-furnished equipment and follows a letter of intent between the two parties announced on December 5, 2017.

Posted On:21-May-2018



Weak Tanker Market Hurts Sovcomflot Earnings
Driven by low freight rates in tanker sectors, Russian state-owned shipping company PAO Sovcomflot (SCF Group) ended the first quarter of this year in loss. The company posted net loss of USD 16.1 million in Q1 2018, compared to profit of USD 39.9 million in the corresponding period a year earlier. Time charter equivalent revenue (TCE) stood at USD 248.9 million in the three-month period ended March 31, 2018, against USD 274.4 million in Q1 2017.

Posted On:21-May-2018



Tallink Grupp Cuts Net Loss in Q1 2018
Estonian passenger and cargo transportation service provider Tallink Grupp ended the first quarter of this year with a narrowed net loss year over year.
Tallink s net loss stood at EUR 19.6 million (USD 23 million) in Q1 2018, compared to EUR 20.3 million (USD 23.8 million) seen in the corresponding period a year earlier. In addition, the group s revenue for the first quarter decreased by 3.9 percent to a total of EUR 184.2 million from EUR 191.5 million posted in Q1 2017.

Posted On:21-May-2018



ITF: Abandoned Qaaswa Crew Returns Home after 11 Months
The remaining crew members of the abandoned tanker Qaaswa were finally repatriated in late April after spending almost a year off Tunisia. According to the International Transport Workers Federation (ITF), the seafarers and their vessel were abandoned in May 2017 by Alco Shipping Services in the SFAX anchorage off Tunisia.
There were a total of 18 crew members aboard the UAE-flagged tanker Qaaswa, including two Indian, three Bangladeshi, and 13 Egyptian crew members, as well as the master.

Posted On:21-May-2018



Novatek Forms Its Own Shipping Company
The Board of Directors of PAO Novatek, one of the largest independent natural gas producers in Russia, has decided to set up a transportation subsidiary called Maritime Arctic Transport LLC. The new company is being established with the aim of managing and optimizing transportation costs, building up the Arctic navigation capabilities as well ensuring a centralized management of the Arctic fleet.

Posted On:21-May-2018



Jointly built container port opens in Vietnam s Haiphong
Lach Huyen International Gateway Port, the first infrastructure development project involving the public and private sectors of Japan and Vietnam, has opened in Haiphong, Vietnam. The Japanese government provided about 110 billion in soft loans to fund the development of the port and nearby bridge and road infrastructure. The container terminal is run by a joint venture involving Japanese companies Mitsui O.S.K. Lines Ltd. and Itochu Corp.

Posted On:21-May-2018



Credits: www.bunkerportsnews.com

Chabahar: India Ports Global may ease norms for picking operator
The spectre of being impacted by the US sanctions on Iran could force Indian firms from bidding on a tender to manage, operate and maintain (MOM) the container and multi-purpose terminals at Chabahar port. This will make it tougher for New Delhi to develop the Iranian port for strategic reasons. Earlier, interest in the MOM contract was shadowed by viability concerns. Now, with the decision of the US to scrap the nuclear accord and reinstate sanctions on Iran, India Ports Global Pvt Ltd is re-writing the commercial and financial terms of the MOM contract to attract bids, a person briefed on the development said.

Posted On:21-May-2018



Credits: www.bunkerportsnews.com

Newcastle container terminal plan prompts interstate debate
The Labor opposition might be backing a Newcastle container terminal but the state government still insists that a second terminal after Botany should be at Port Kembla.
The long-mooted plans have become headline news again with the Port of Newcastle s Australian and Chinese owners, the Australian Competition and Consumer Commission and the ALP all asking questions about the secret fee imposed on Newcastle by the Coalition government as a way of maximising its privatisation returns for Botany and Kembla.
But the government is standing firm, with Roads, Maritime and Freight Minister Melinda Pavey following the previous long-term minister, Duncan Gay, in saying that "port transaction arrangements" did not stop a Newcastle terminal.

Posted On:21-May-2018



Credits: www.bunkerportsnews.com

Ctg port buys new container handling equipment
The Chittagong port yesterday added 10 pieces of container handling equipment to its fleet, as part of efforts to give pace to loading and unloading activities.
The equipment comprises a rail mounted gantry crane, six rubber tyred gantry cranes, a log handler and two mobile cranes having 20-tonne capacity. These were purchased from China, the United Arab Emirates, Germany and Italy for Tk 118.50 crore.
Shipping Minister Shajahan Khan introduced the new equipment at the New Mooring Container Terminal with Chittagong Port Authority Chairman Commodore Zulfiqur Aziz in the chair.

Posted On:21-May-2018



Credits: www.bunkerportsnews.com
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