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IMO’s treaty for safe and environmentally-sound ship recycling has received another boost. The Netherlands has become the eighth country to become a Party to the Hong Kong Convention. The Convention covers the design, construction, operation and maintenance of ships, and preparation for ship recycling in order to facilitate safe and environmentally sound recycling, without compromising the safety and operational efficiency of ships. Under the treaty, ships to be sent for recycling are required to carry an inventory of hazardous materials, specific to each ship. Ship recycling yards are required to ...

Azerbaijan Caspian Shipping Company (ASCO) plans to receive five new vessels during the year, Chairman of ASCO Rauf Valiyev told reporters in Baku Feb. 21, Trend reports. He said that two vessels will be built at the Baku Shipyard, and the rest will be acquired from foreign companies. In general, the ASCO plans to annually purchase two vessels from the Baku Shipyard each year, he noted. He reminded that the fleet renewal process has been going on for the past five years. During this period, ASCO acquired 20 new ships, ...

In line with the previously published fleet development program, CLdN Ro-Ro SA is pleased to announce the expansion of their Irish service, which is now achievable as new build vessels arrive into the fleet. CLdN Ro-Ro SA will deploy dedicated vessels to operate on the direct ROTTERDAM DUBLIN trade as of 26th February 2019, offering an increase from three to four sailings in each direction, whilst improving the spread of the sailings and increasing capacity, at a time when Brexit uncertainty is a major feature in clients planning. Three of ...

In recent years, studies have shown that gas emitted from shipping related activities are on a steady increase globally and developing countries lack the capacity to develop energy efficient mechanisms to improve on gas emissions in the shipping industry. It is in this vein that the International Maritime Organisation, IMO, the UN body responsible for regulating shipping and maritime activities, in 2013 adopted a resolution on the promotion of technical co-operation and transfer of technology aimed at improving the energy of ships. The resolution made it possible to provide technical ...

The launching ceremony of the “Lachin” oil tanker was held at the Baku Shipyard on February 21. Azerbaijani Economy Minister Shahin Mustafayev, Vice President of Azerbaijan’s state oil company SOCAR Suleyman Gasimov, Director of the State Maritime Agency Gudrat Gurbanov, Chairman of Azerbaijan Caspian Shipping CJSC Rauf Valiyev and Executive Director of Baku Shipbuilding LLC Imanverdi Hasanov attended the ceremony. The new oil tanker will be commissioned in June 2019. The tanker’s hull has been constructed. The remaining construction will be carried out in the water. The length of the ...

‘World Whale Day’ held annually on the third Saturday in February, was founded in Maui, Hawaii, in 1980, to honour humpback whales, which swim off its coast. Today, the event serves a bigger purpose and reminds us of the need for continuous protection of the many large species of whale that are listed as “endangered” or “threatened”. Protecting North Atlantic right whales in Canada and the US The North Atlantic right whale is one of the world’s most endangered species of large whale. It was hunted to the brink of ...

GT USA Wilmington marked another historic day for the Port of Wilmington this week with the start of a new MSC service and the maiden call of the first vessel on that service, the m/v San Antonio. GT USA Wilmington Chief Executive Officer Eric Casey welcomed Captain Wojciech Piotr Pilip, the Master of the container vessel, M/V “SAN ANTONIO,” along with Michelle Tan from MSC’s New York office and Elliot Timlin representing the ship’s agency, Norton Lilly International. “We are delighted to welcome the MSC M/V “SAN ANTONIOto our port ...

The construction of Russia’s industrial zone in one of the world’s major transportation routes, the Suez Canal area in Egypt, will be finished soon. That’s according to the head of the Suez Canal Authority, Mohab Mamish, who told TASS the zone will be “launched in late 2020 – beginning of 2021.” He said factories manufacturing agricultural machinery will be located in the Russian industrial zone, adding that the machinery is in demand not only on the Egyptian market, but also in the markets of other African countries, as well as ...

The second largest port in Northern Ireland has had a buoyant start to the year driven by customers stockpiling materials ahead of Brexit. Warrenpoint Port handled 12% of the region’s seaborne trade last year, including timber, steel and cement. In January, it dealt with three times as much timber and 1.5 times as much steel as in the same month last year. The port’s chief executive Clare Guinness said it points to stockholding ahead of the UK leaving the EU. “Customers are telling us that because of the continuing uncertainty, ...

Mexico’s most significant strategic energy risk is its large dependency on natural gas imports from the United States, a senior adviser with President Andres Manuel Lopez Obrador said. Mexico is the only country in the world that sources over 50% of its natural gas supply from a single country, Abel Hibert said during the Mexico Energy Forum 2019 in Mexico City. “We have to diversify our energy supply as well as generation sources,” Hibert said. “Our large dependency on gas imports is our greatest strategic risk.” In Mexico, 62% of ...

The French LNG regasification hit a record high this week, and sendouts are not set to weaken with a flurry of LNG vessels arrivals on the horizon and reloads to Asia uneconomical. The cumulative sendout at France’s three LNG terminals rose to 76.37 million cu m Tuesday, according to latest data from S&P Global Platts Analytics. That compares with the February-to-date average of 42.29 million cu m/d, and to 17.02 million cu m/d last February, the data showed. The increase was largely driven by a sharp ramp-up in regasification flows ...

CIF-Marmara Russian 13.5% protein wheat slid to its lowest level in three months Wednesday at $242.50/mt amid strong coverage among buyers for high protein wheat and lengthy stocks in the EMEA region. Prices have dropped $15.75 on the month, down $10 since February 11 as spot builds up, prompting sellers to slash their prices. Buyers in Turkey are well covered for high protein wheat primarily due to the Turkish state grain buying authority’s (TMO) recent tender for 13.5% protein wheat. On January 31, TMO booked 292,500 mt of 13.5% protein ...

Central China’s Henan Province plans to cut its coal consumption by 5 percent in 2019 in a bid to improve its energy mix. The provincial government aims to further cut local coal consumption by 10 million tonnes this year, the provincial energy saving and pollution reduction office said Wednesday. It plans to cut the coal consumption for industries other than coal-fired power plants by 15 million tonnes and limit the increase in coal consumption at power plants to within 5 million tonnes. The provincial government ordered strict approval restrictions on ...

U.S. wheat futures were set to finish the week down more than 2 percent despite inching up on Friday, pressured by tepid interest in North American supplies from some major importers. Grain markets were also keeping a close eye on talks to end trade conflict between the United States and Washington. FUNDAMENTALS * The most active wheat futures on the Chicago Board of Trade were down more than 2 percent for the week, set to extend three-week losses to 6 percent. * The most active soybean futures were up nearly ...

The United States will be able to quickly recover lost markets for U.S. farm products to China once Washington and Beijing clinch a trade deal, U.S. Agriculture Secretary Sonny Perdue said. He said that China has pledged to purchase “significant” quantities of U.S. agricultural products, but that “those proposals are all contingent upon a grand deal” that must include Chinese assurances on intellectual property issues. “I think if we could get those types of assurances regarding China taking intellectual property theft seriously, then we could see a renewed and expanded ...