Egypt Cuts Fees for Ships Arriving at East Port Said
Egypt will reduce the tariffs on container ships and ferries coming from foreign ports to East Port Said for a period of one year, the Suez Canal Authority said in a statement on Thursday.A 30 percent discount on port, docking and guiding fees will apply for vessels carrying less than 80,000 tonnes while those carrying more than that will receive a 40 percent discount, the statement said.Vessels carrying more than 50 containers will be eligible for a discount of up to 60 percent, but both rates
Sinopec to Supply Low Sulphur Bunker Fuel Starting 2019
China's Sinopec will start supply lower sulphur bunker fuel meeting IMO 2020 standard in 2019, Liu Zurong, General Manager of Sinopec Fuel Oil Company said on Thursday.All of Sinopec's supplies will meet IMO 2020 standard by Jan. 1, 2020, Liu said at an oil conference in Zhoushan, near Shanghai.Sinopec is aiming to sell lower fuel bunker fuel to Singapore and some "One Belt One Road" countries by 2020, Liu said.(Reporting by Meng Meng and Aizhu Chen; editing by David Evans)
North Sea Giant Turns to The Switch EBL Technology
North Sea Giant, one of the world’s largest and most advanced subsea construction vessels (OSV), has installed an innovative cost-saving solution.This system, based on a unique Electronic Bus Link (EBL) from Yaskawa Environmental Energy / The Switch, will enable the 18,151 GWT vessel to change between its diesel engines, running just one of its diesel engines during many operations, when necessary…
Record Low Rhine Levels Hampers Barge Trade
Water levels on the Rhine River fell to a record low on Thursday and were forecast to fall even further, hampering oil product barge trading in northwest Europe.Water levels at the Kaub point of the river fell to 31 cm, according to Refinitiv Eikon data, the lowest level in data available since September 1995.Shallow water on the Rhine in Germany means freight vessels cannot sail fully loaded.The river is an important shipping route for commodities including grains…
VesselMan, DNV GL Team Up for Cost-efficient Dry-docking
Customers of dry-docking project management tool VesselMan will now be able to access DNV GL’s Best Practices for dry-docking as part of their services.Dry-docking is an important part of a vessels mandatory maintenance regime and takes place regularly throughout the vessel’s life-cycle. However, without proper management and planning, ship-owners and operators can often experience cost overruns, lengthy dock stays…
MSC Cruises Orders 4 Luxury Ships at Fincantieri
Geneva headquartered MSC Cruises announced plans to enter the ultra-luxury cruise segment with a memorandum of agreement (MOA) for the construction of four new vessels from Italian builder Fincantieri. The four cruise ships have a total value in excess of €2 billion and bring the number of MSC Cruises ships to be built by Fincantieri to eight.The first ultra-luxury ship is scheduled for delivery in Spring 2023…
World’s Largest LNG Bunker Vessel Sails for Delivery
The world’s largest liquefied natural gas (LNG) bunker supply vessel began its voyage from Hyundai Mipo Dockyard (HMD) in South Korea to the ship’s primary area of operation in Northwest Europe, on Wednesday.The 7,500 m³ capacity Kairos is the world’s largest LNG bunker supply vessel. It will be ready for operations before the end of 2018.Mahinde Abeynaike, CEO of Nauticor, which holds 90 percent of the joint venture that charters the vessel…
Carlyle Group Acquires EnerMech from Lime Rock Partners
Global alternative asset manager The Carlyle Group announces that it has agreed to acquire EnerMech Group Ltd, an international services company providing critical asset support to the energy…
MEG Energy Rejects Husky's Bid
MEG Energy announced its Board of Directors has unanimously determined that Husky Energy's unsolicited bid to acquire MEG significantly undervalues the common shares…
Eni Wins Offshore Mozambique Block
Italian oil and gas major Eni has signed in Maputo the contract for the exclusive exploration and development rights of the offshore block A5-A, in the deep waters of the Northern Zambezi Basin…
Steelhead LNG Files Kwispaa Project Description
Kwispaa LNG has entered the next phase of project development with the submission of the Project Description to the British Columbia Environmental Assessment Office…
PGNiG, Venture Global LNG Deal for 2 MTPA of LNG
For a 20-year term, Polish Oil and Gas Company (PGNiG) will receive liquefied natural gas from the USA for domestic customers or for resale.The new contracts will provide a total of 2 MTPA of LNG…
Total, India's Adani Join Hands in LNG Sector
French energy major Total and Adani Group have signed an agreement to jointly develop multi energy offers to the Indian energy market. This cooperation includes…
Mammoet, PortXL Join to Support Entrepreneurs
Mammoet signed an agreement to join the world’s first port and maritime industry start-up accelerator, PortXL, said a press release.This partnership enables Mammoet…
Port of Hamburg, Metrans Group Join for Intermodal
The Port of Hamburg and Metrans Group are intensifying their links with Lithuanian Railways. Axel Mattern, Joint CEO of Port of Hamburg Marketing, and Egidijus Lazauskas…
NYK Develops Onboard Sulfur-in-oil Analyzer
NYK and Nippon Yuka Kogyo Co., Ltd., an NYK Group company, have teamed with Horiba Ltd. to develop a new sulfur-in-oil analyzer for ships. The new device is based…
Novatek, Fluxys to Build German LNG Terminal
Russian gas producer Novatek and Belgium's Fluxys joint venture Rostock LNG GmbH has signed a Land Lease Agreement with the Port of Rostock with a view to building…
VesselMan and DNV GL Team-Up
The provider of cloud based dry-docking and ship repairs VesselMan said that its customores will now be able to access DNV GL’s Best Practices for dry-docking as…
Verifavia Certifies We4Sea for EU-MRV Emission Monitoring
Maritime technology company We4Sea is now officially certified by Verifavia for both IMO-DCS as EU-MRV emission monitoring, stated a press release.We4Sea developed…
Singapore Pact for 3D Printing in Maritime Sector
The Maritime and Port Authority of Singapore (MPA) signed two Memoranda of Understanding (MoU) for Additive Manufacturing (AM), also known as 3D printing.The two…
