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After completing world’s largest turnkey scrubber retrofit Baltec Marine wins contracts for 18 more

As ship owners all over the world rush to install scrubbers in time for the 2020 Sulphur Cap, Baltec Marine is pleased to announce completion of the world’s largest turnkey scrubber retrofit of two hybrid systems. Based on the success of these two pilot projects, the company has been contracted to oversee 18 aditional Ultra Large Container Ships in 2019. “The ship owner turned to us from the start because they did not want to handle the work in-house, and they knew our team had the experience necessary to drive ...

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Tankers in Black Sea ablaze for five days

The fire on the tankers Maestro and Candy was not fully put out by Friday morning, and the ships stopped drifting, the Azov-Black Sea Branch of the Maritime Rescue Service told TASS. A rescue source answered in the affirmative, when asked about whether the tankers are still on fire. The vessels’ location has not changed, he said. On January 23-24, they started drifting, but then they either stopped themselves or were halted by rescue vessels. The source added that rescuers plan to board the Candy on Friday morning to assess ...

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Cyprus Maritime Chamber Marks 30 Years With Maritime Celebrations, Plans For Growth

The Cyprus Shipping Chamber, the driving force of the island’s maritime industry over the past three decades, celebrates its 30th anniversary on Saturday, a milestone that very few shipping umbrella groups can match. The CSC, established on January 26, 1989, initially as the Cyprus Shipping Council, started with just 17 members and has since grown to over 200 members, owners of 2,200 ships and a gross registered tonnage of 74 mln. The vision that the CSC members had to promote Cyprus shipping, has propelled the flag register to the 11th ...

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A century on, Basra’s British-era shipyard going strong

Begun in 1918 by British troops, Basra’s shipyard is surviving into old age with little maintenance, relying on its vintage machinery and the skill of its workers to keep going. Thousands of ships, including former dictator Saddam Hussein’s yacht, have passed through the Iraqi shipyard’s three docks, where a giant steam engine hauls them out of the water and up the century-old wooden tracks. There are no spare parts and no written manuals. Mohammed Adnan, who has been operating the huge steam engine for six years now, says it is ...

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VOC Port Trust to augment infrastructure

Chairman of VOC Port Trust T. K. Ramachandran hoisted the national flag at the Port’s School ground on Saturday. During the 70th Republic Day celebration, he took salute from the CISF, Port Fire Service and Port School children. During his address, he said the port would augment its infrastructure by dredging the dock basin to facilitate a depth of 16.5m and approach channel to a depth of 17.2m, widen the port entrance channel and strengthen the berths. For the first time, Traffic Performance awards for the year 2017-18 were distributed ...

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Decongestion of MICP, Port of Manila now ongoing – BOC

Port operators have begun shipping out empty containers clogging the Manila International Container Port (MICP) and the Port of Manila (POM), Bureau of Customs (BOC) Commissioner Rey Leonardo Guerrero disclosed. Guerrero, a former military chief, said the Asian Terminals Incorporated (ATI), which operates POM, has already transferred empty containers from Manila to Batangas Port last January 14. The shipping lines are also set to send their sweeper vessels to move out empty containers to the Ports of Batangas and Subic to free up space at the two Manila ports. With ...

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India: Port-building and shipping can catalyse steel demand

The Indian steel industry has a remarkable potential for growth. As the country moves towards becoming a developed economy, the steel industry will play a significant part in this transformation. The projected demand for steel in India is going to increase from 80 million tonnes in 2015 to 110-120 million tonnes by 2020. Construction and infrastructure are likely to be the dominant consuming segments. These two segments, combined with manufacturing, are expected to result in robust demand for steel in coming years. With the government’s focus on ‘Make in India’, ...

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Adani Group may get controlling stake in Mundra LNG terminal

Gujarat may offer an additional 50% stake in Gujarat State Petroleum Corp. (GSPC) LNG Ltd to Adani Group, which already holds a 25% stake in the company, after Indian Oil Corp. Ltd decided to opt out of the race, said three state government officials close to the development, requesting anonymity. The Gujarat government, which owns 50% in GSPC LNG, had been looking to induct a third partner for the remaining 25% stake. It may now allow the Adani Group to pick up the 25%, and offload up to 25% of ...

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‘Proposal to set up second major port in A.P. under consideration’

Even as the proposal of setting up the second major port in A.P. is hanging in the balance after the one planned at Dugarajapatnam was quashed on the feasibility ground, Union Shipping Secretary Gopal Krishna said that the Centre had not given up on it. “The second major port proposal in A.P. is still under consideration and a technical committee of experts is looking into it,” Mr. Gopal Krishna said here on Friday, after inaugurating a 500 KW rooftop grid solar power plant at the Port Stadium. At present, the ...

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Bangladesh to import 1.42m mt petroleum in Jan-June 2019

Bangladesh will import around 1.42 million metric tons of petroleum fuel through government-to-government (G-to-G) initiative from 8 state-owned companies of different countries from January to June this year. According to official sources at the Energy and Mineral Resources Division under the Ministry of Power, Energy and Mineral Resources (MPEMR), the government will require to spend about US$806.769 million, equivalent to Tk 6772.87 crore, to import this bulk refined petroleum fuels. They said the state owned Bangladesh Petroleum Corporation (BPC) will import the bulk petroleum. Of the total fuels, the BPC ...

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Chasing The Prize For North Sea Oil And Gas Decommissioning

There are currently around 320 fixed installations, such as oil platforms, in production in the UK, primarily in the North Sea. To date, oil and gas assets have enabled operators to recover more than 44 billion barrels of oil and gas. However, reserves are running out, with the remaining oil and gas becoming harder to find and extract. The government has an objective to maximize the potential economic value of the UK’s remaining oil and gas reserves. Oil and gas operators in the UK are increasingly decommissioning their assets as ...

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ADNOC seals $5.8 bln refining and trading deal with ENI, OMV

Italy’s Eni and Austria’s OMV have agreed to pay a combined $5.8 billion to take a stake in Abu Dhabi National Oil Company’s (ADNOC) refining business and establish a new trading operation owned by the three partners. The transaction, which expands ADNOC’s access to European markets, furthers Eni’s diversification away from Africa and gives OMV a downstream oil business outside Europe. It was hailed as a “one of a kind” deal by ADNOC’s Chief Executive Sultan al-Jaber. “The whole oil and gas industry hasn’t seen a transaction of this size ...

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Expansion of Höegh’s Europe to Middle East service; now calling Asia

Höegh Autoliners is pleased to announce that the Europe to Middle East service has been extended to cover an extensive port range in Asia. The service will offer customers two direct sailings per month from Höegh’s main ports in Europe, to Singapore, Hong Kong, Taiwan and Japan. Destinations in Indonesia, Thailand, Vietnam, Philippines, China, Japan and South Korea are offered via transhipment in Singapore. The first sailing commenced with Höegh Chiba v.45, in Le Havre on 21 January. Source: Höegh Autoliners

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Weekly Intelligence Report 17th January – 24th January

Indian Ocean HRA No incidents reported in the High Risk Area during the reporting period. Although no ships were hijacked in the HRA in 2018, pirates fired upon a suezmax tanker in the Gulf of Aden, as well as a product tanker and a capesize bulk carrier more than three hundred miles from the Somali coastline. Masters are advised to maintain high levels of vigilance when transiting these waters and to follow the latest BMP recommendations. This also highlights the requirement for the continued presence of armed security teams, as ...

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Emirates Maritime Arbitration Centre kicks off 2019 with an event-packed calendar

Gearing up for 2019, EMAC’s first Breakfast session is back discussing Ship Sale and Purchase (S&P) on 21st January at its DIFC offices. Presented by Alessandro Tricoli, Partner and Head of Shipping at Fichte & Co Legal, the seminar will provide insights around the specific contract types and negotiation pitfalls. S&P is one of the most important agreements in the shipping industry. Given its complexity, it requires in-depth knowledge of the ship and its function, legal knowledge, as well as dealing and bargaining skills. “As we enter our fourth year ...

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