SHORTSEA SHIPPING: All the Right Moves (Finally)
Marine Highways Gain Traction in the Intermodal Supply Chain.In the United States, landside infrastructure is at a crisis point. Congestion at the big hub ports, exacerbated by imperfect intermodal interfaces with surface transport serving cargo hinterlands is at the heart of the matter. As politicians bicker over a possible infrastructure package, the Highway Trust Fund, funded by taxes on gasoline and diesel fuel, has continued its downward journey towards further deficits (now $144 billion).
Flawed CRS Dredging and Jones Act Report Under Fire
Congressional Leaders Rebuke Fatally Flawed Congressional Research Service Reports on Dredging and U.S.-flag Shipping.The Chairman and Ranking Members of the U.S. House of Representatives Transportation and Infrastructure Committee (T&I) and the Chair and Ranking Members of T&I’s Subcommittee on Coast Guard and Maritime Transportation sent a letter to the Library of Congress refuting a recent Congressional…
U.S. Sanctions Bite; Traders Shun 300 Tankers
Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new highs, industry sources said.The move has taken roughly 3% of the global oil tanker fleet out of the market, according to industry sources and data on Refinitiv Eikon, sending rates soaring to secure tankers to ship oil, particularly to Asia."Freight…
CNOOC Seeks Replacements for Sanctioned COSCO LNG Tankers
China National Offshore Oil and Gas Company (CNOOC) is on the hunt for liquefied natural gas (LNG) tankers to charter, several industry sources told Reuters, looking to replace ships it had previously hired that are linked to a Chinese company sanctioned by the United States for allegedly transporting Iranian oil.The company, COSCO Shipping Tanker (Dalian), is one of four Chinese firms on which the Trump administration imposed sanctions on Sept.
U.S. Sanctions Deal Blow to LSFO for 'IMO 2020'
Highly sought after types of oil best suited to making cleaner shipping fuel are suddenly finding they are a tougher sell for thirsty East Asian markets, traders say, in an unintended consequence of U.S. sanctions on a Chinese shipping fleet.With just over two months until environmental rules are set to mandate the biggest changes to ship power in over a century, certain rare types of West African…
Tokyo Gas Rejects LNG Tanker after Power Outage
Japan's Tokyo Gas rejected delivery of a liquefied natural gas (LNG) tanker on Thursday after the vessel suffered a power outage after entering Tokyo Bay, a company…
Iranian Tanker Hit by Missiles, Oil Rises
Oil prices jumped more than 2% on Friday, October 11, 2019, after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia…
Seaspan-Built CCG Ship Heads for Sea Trials
The future Capt. Jacques Cartier, the second of three Offshore Fisheries Science Vessels (OFSV) to be designed and built by Seaspan at its Vancouver Shipyards (VSY), began sea trials on October 10, 2019 from Seaspan’s Vancouver Drydock where final outfitting, set to work and commissioning has taken place since its launch in June.“With the future Capt. Jacques Cartier headed out to sea today, excitement in our NSS program is growing,” said Mark Lamarre, CEO, Seaspan Shipyards.
Global Energy Takes Over Nigg Oil Terminal
Global Energy Group has reached an agreement with Repsol Sinopec Resources UK to take over the long-term operation of the Nigg Oil Terminal jetty under a new lease…
POSH Acquires Pacific Workboats
Singapore-listed operator of offshore support vessels PACC Offshore Services Holdings (POSH) has agreed to acquire the 50 per cent stake held by Sembcorp Marine…
South Africa to Have First Chemical Tanker Ship
Nduna Maritime, a subsidiary of the Mnambithi Group, and the integrated chemicals and energy company Sasol have invested in South Africa's first locally-owned chemical…
Chinese LNG Sector Growth to Continue
China is at the forefront of the large LNG sector growth and is emerging as the largest source of new LNG demand growth and second largest importer of LNG, VesselsValue…
Eco-Friendly Ferry Arrives in Scotland
Scottish operator Pentland Ferries’ new vessel Alfred arrived in Orkney after completing a 5,481 nautical mile voyage from shipbuilder Strategic Marine’s Vung Tao…
DP World Becomes a Full Logistics Operator in Peru
DP World, a Dubai-based global port operator, announced that it has expanded its business in Peru into a fully-integrated maritime and logistics operation.It has…
Ocean Yield Buys Ethylene Gas Carrier
Norwegian shipowner Ocean Yield ASA has agreed to acquire Navigator Aurora, a 37,300 cbm ethylene gas carrier owned by Navigator Gas.According to agreement, the…
HII Expands Shipbuilder Academy Program
America’s largest military shipbuilding company Huntington Ingalls Industries (HII) said that its Ingalls Shipbuilding division hosted a ribbon-cutting ceremony…
India Leads with 18% of Global LNG Regasification Capacity
India is expected to lead with 18% capacity share in the global LNG regasification industry from new-build (planned and announced) projects between 2019 and 2023…
Hammerfest LNG Ships 1000th LNG Cargo
Norwegian energy company Equinor reached a milestone at its Hammerfest LNG facility on Melkøya Island, “the Snøhvit plant”, by loading the 1000th cargo of the chilled…
Novatek Launches Arcticgas
Russia's second-largest natural gas producer Novatek announced that Arcticgas, a joint venture between Novatek and PAO Gazprom Neft, commenced commercial production…
APM Terminals Appoints Dennis Lenthe Olesen as MD
Effective January 1, 2020, Dennis Lenthe Olesen, currently Global Head of Operations at APM Terminals, will assume the role of Managing Director for APM Terminals…
