Coast Guard News
September 16, 2020
Dubai-based port operator DP World has partnered up with an Israeli group DoverTower in plans to jointly bid to privatize Haifa Port on the Mediterranean, Reuters reports.
The deal was signed by Dovertower head Shlomi Fogel, the co-owner of Israel Shipyards and the Port of Eilat, and DP World Chairman Sultan Ahmed bin Sulayem.... [Read More]
September 16, 2020
German LNG fueling network developer LIQUIND completed its first bunkering operation of a seagoing vessel in the port of Brunsbüttel.... [Read More]
September 16, 2020
Kalmar, part of Cargotec, has signed a deal to supply two Kalmar Eco Reachstackers that will help UK’s multimodal logistics operator Maritime Transport Ltd (Maritime) cut fuel costs and carbon emissions while addressing growing demand at its rail terminal in Wakefield, England. ... [Read More]
September 16, 2020
Marine underwriting premiums for 2019 recorded a reduction of 0.9% year over year and were estimated at $28.7 billion, the International Union of Marine Insurance (IUMI) said.
As informed, 2019 saw Europe’s global share reduce slightly from 46.4% (2018) to 46.3% and Asia’s share increase modestly from 30.7% (2018) to 31.8%.
For global marine premium by line of business, cargo continued to represent the largest share with 57.5% in 2019, hull 24.1%, offshore energy 11.7% and marine liability 6.8%. ... [Read More]
September 16, 2020
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September 16, 2020
Port operator COSCO Shipping Ports Limited revealed plans to buy into Guangxi Beibu Gulf Terminal, a container terminal in China.
As informed, China Shipping Terminal Development (CSTD), a subsidiary of COSCO Shipping Ports, proposed to enter into a capital increase agreement.... [Read More]
September 16, 2020
The Korean Register (KR) has established a new LNG fuel and bunkering simulation center (KR LSC). ... [Read More]
September 15, 2020
Wilhelmsen has entered into an agreement with Østensjø Group to acquire 25% of its offshore wind business unit Edda Wind.
As part of the agreement, Wilhelmsen also secured an option to buy another 25% before June 2021. ... [Read More]
September 15, 2020
South Korean shipping company Pan Ocean has wrapped up the acquisition of a minority stake in Export Grain Terminal (EGT), one of the largest export grain terminals on the US West Coast.
Pan Ocean bought the 36.25 per cent stake from Japanese trading company Itochu, Yonhap News Agency reported.
No financial details have been disclosed.
With this move, Pan Ocean has become EGT’s second-largest shareholder.... [Read More]
September 15, 2020
Russian shipping major Sovcomflot (SCF Group) has taken delivery of a newly built LNG carrier from the South Korean Hyundai Samho Heavy Industries shipyard.... [Read More]
September 15, 2020
Norwegian vessel owner Ocean Yield expects to book impairments of $130 million in total in its 3Q 2020 financial statements for an FPSO and offshore construction and cable-lay vessel.
According to Ocean Yield, the COVID-19 pandemic and a lower oil price have led to an expected delay in the recovery within the oil-service segment.
For the FPSO Dhirubhai-1, employment opportunities are currently under evaluation, but there is a risk both with respect to the timeline of these projects and the sales price that can be achieved. ... [Read More]
September 15, 2020
Classification society ABS and South Korean shipbuilder Hyundai Heavy Industries (HHI) have completed a joint development project aimed at building multi-physics simulations capable of analyzing the carbon footprint of vessels in the design stage. ... [Read More]
September 15, 2020
The Master and Chief Engineer of the Singapore-flagged log carrier MV Funing have been sentenced and fined after admitting charges relating to the grounding of the ship at the Port of Tauranga, New Zealand, in July this year.
As informed, Master Liang Guang Hong and Chief Engineer Chameekara Prasad Nanayakkara both entered guilty pleas in the Tauranga District Court on 10 September to charges brought by maritime safety authority Maritime New Zealand under the Maritime Transport Act (MTA) 1994.... [Read More]
September 15, 2020
In an effort to help reduce container-related incidents aboard ships, five international freight transport and cargo handling organisations have decided to produce new guidance on packing standards for freight containers and other cargo transport units.... [Read More]
September 15, 2020
Product tanker major Hafnia Limited is planning to build methanol dual-fueled ships to transport methanol from a U.S.-based production plant at the Port of Kalama, Washington, USA.... [Read More]
September 14, 2020
Tallink Grupp’s vessel Victoria I was connected to shore power in Tallinn Old City Harbour for the first ever shore power charging in Estonia on 11 September. ... [Read More]
September 14, 2020
Looking at current developments, Navingo has had to adapt to a changing reality and its customer wishes more and faster than ever before in order to realise a full-value Offshore Energy Exhibition & Conference (OEEC) and an effective Navingo Career Event (NCE). Therefore, both events will continue on 27 and 28 October 2020 in a digitally enhanced format, where networking, sharing knowledge and visibility will still be leading. The modified format is corona-proof and a combination between an easy-to-navigate virtual environment and activities in RAI Amsterdam.... [Read More]