China's Guangzhou Huangpu yard wins tanker pair China's Guangzhou Huangpu Shipbuilding yard has secured its latest contract for a pair of asphalt/bitumen tankers. The newbuilding order was placed by Singapore's Safargo Shipping Pte Ltd for the 17,000 dwt tankers. The tankers, which are to be built under shipyard hulls numbers GWS514 and GWS515, are scheduled to be delivered...
Weighing regs could mean strife for shippers Shippers must provide the accurate weight of a container before it can be loaded. Dietmar Hasenpusch "The devil is in the detail," said Peregrine Storrs-Fox at the British International Freight Association (BIFA) conference last week on the new SOLAS weight regulations. The TT Club's risk management director told delegates that despite...
Safmarine MPV shuffles tonnage Safmarine Sahara. Credit: FotolfiteBreakbulk and project carrier Safmarine MPV - an affiliate of Maersk Line - is changing its tonnage deployment with greater reliance on charter multipurpose vessels in the future. The company has emerged as the seller of five circa 18,000 dwt general cargo ships equipped with three cranes...
GS E&C wins Bahrain LNG terminal contract Credit: PASouth Korean construction company GS Engineering & Construction has won an engineering, procurement and construction (EPC) contract for Bahrain LNG Import Terminal. The import and regasification terminal, to be built on a build, own, operate and transfer basis, will be in Bahrain's Hidd industrial area. The contract is worth KRW758.78 billion...
Petronas delays delivery of Kanowit FLNG vessel Credit: PAMalaysia's state-owned oil and gas company Petronas has delayed the delivery of a floating LNG vessel that was meant to be deployed to the Kanowit field in offshore Sarawak. South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering, which is constructing the FLNG Satu, confirmed to IHS Fairplay that Petronas requested to defer the...
Ballast water convention should wait for US-type approved systems, say trade bodies Ballast water. Credit: HasenpuschShipping trade bodies fear that the expected implementation of the Ballast Water Management Convention next year will fail to resolve which systems ports will actually welcome, especially in the US. There is prevailing uncertainty around which ballast water management systems will successfully meet approval at ratifying ports, as well...
SOLAS container weight deadline may be closer than 1 July, says INTTRA Credit: BrommaLong-haul ocean cargo shipped as early as May on the major east-west trades will have to be compliant with new container weight requirements that will be enforced from 1 July, dramatically slashing the time available to implement the rules across the supply chain.Inna Kuznetsova, president of INTTRA Marketplace, said...
CMA CGM looking for loans as NOL deal deadline nears Photo: PACMA CGM has until midnight on Monday 7 December to decide if it wants to bid for Singapore's Neptune Orient Lines, but reports that the French line is seeking finance from banks for what could be a USD2.2 billion purchase shows that the carrier is serious about the acquisition.The...
Change in China cabotage rules could deepen problems for Hong Kong Hong Kong. Photo: PAHong Kong's throughput woes could deepen if plans issued by a Shanghai government body for liberalisation of cabotage in China come to fruition. A document made public by the Shanghai Municipal Transport Commission says registered foreign companies will be allowed to ship containers from Shanghai port to other...
Digitalisation to set upon shipping industry Digitisation in design and route management could ease the huge losses being incurred by the shipping industry that is burdened with overcapacity and weak demand, believes a Finnish software executive. Esa Henttinen, executive vice-president sales of Finland-based software house NAPA, said ship design digitalisation and shipping route management has...
Shipping's recurring dividend dilemma John Fredriksen's Frontline epitomises the enduring attraction of dividends for public shipping companies. The tanker company paid very high dividends during the last cycle peak, leaving it acutely vulnerable when the global recession struck. Now that Frontline is finally back on its feet, it is resurrecting its high dividend, announcing...
VLGC rates hold steady on sustained US-Asia LPG flows January loading data suggests there is support for rates heading into 2016, says Clarksons
PLA's largest investment in 20 years named London Titan New mooring maintenance boat extends Port of London Authority's marine capabilities
Data use obscures shipping's real CO2 emissions Letter to the editor: Models based on inaccuracies and assumption
No end in sight to Opec's pain A 'lower for longer' oil price may be good news for consumers in 2016 but for tanker owners it means less scope for producers to increase exports
Shippers' forum calls for agreement on carbon reduction Market-based measures needed to avoid imposition of national regulations
India steams ahead with national waterways project First three national waterways significantly developed
Ports along US west coast prepare for regular 18,000 teu ship calls Shippers leader warns of disruption risks that could drive cargo away if big ships are not handled efficiently
Sembcorp Marine enters standstill agreement with North Atlantic Drilling Rig will remain with Jurong Shipyard during standstill agreement's effective period
Car carrier demand to rise slowly and steadily says Clarksons Geopolitics and relocated manufacturing reduce seaborne car transport demand
TB Marine orders eight chemical tankers from Huatai Heavy Newbuildings to be delivered from second half of 2017
Port Authority of NY and NJ proposes $3.5bn budget for 2016 Around $175m to be allocated for port facilities
Industry alliance 'to make LNG widely available' as ship fuel in US Claim they will 'remove the chicken-and-egg hurdle from the LNG-equation'.
Weakening Russian fuel oil pushes down St Petersburg bunker prices St Petersburg delivered 380 CST high sulfur fuel oil fell to a 10-month low this week.
Sines open to 'bunker only calls' 'Until now only vessels working cargo at the port's terminal could take on fuel.'
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
