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KONGSBERG to supply technology for Cadeler’s latest Wind Turbine and Foundation Installation Vessel

Kongsberg Maritime AS is pleased to announce the signing of a new contract to supply technology and engineering for a second F-class Wind Turbine and Foundation Installation Vessel (WTFIV) for Cadeler, a shipping and construction company operating in the offshore wind industry. This is the fourth Cadeler offshore installation vessel for which Kongsberg Maritime AS will supply its industry-leading technology. The new F-class vessel will be one of the world’s largest installation vessels in the offshore wind market when completed. Kongsberg Maritime’s integrated solutions for offshore installation vessels will ensure ...

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AD Ports Group Announces Merger of KEZAD Communities with Al Eskan Al Jamae LLC

AD Ports Group (ADX: ADPORTS) the leading facilitator of trade, logistics, and industry, today announced the merger of KEZAD Communities with Al Eskan Al Jamae LLC (“EAJ”) to create Abu Dhabi’s largest integrated staff accommodation company in which AD Ports Group will retain a controlling majority stake. The combined entity will have an equity value of approximately AED 7 billion, positioning it as one of the largest such businesses in the UAE. For the 9 months ended 30 September 2022, revenue was AED 275 million for KEZAD Communities and AED ...

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AG&P aims for its first LNG terminal in India by 2024 end – official

Singapore-based Atlantic, Gulf and Pacific is looking to set up its first liquefied natural gas terminal in India by 2024 end, a top company official said, although it is evaluating other sites as an alternative to the terminal’s location in the south of the country. “AG&P is very bullish on an India import terminal and our aim is to have a terminal up and running in the next two years,” Karthik Sathyamoorthy, president of LNG Terminals and Logistics division at AG&P, told Reuters. The company broke ground on its first ...

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Sempra Infrastructure Announces Agreement with ENGIE for Supply of U.S. LNG from Port Arthur LNG Phase 1

Sempra Infrastructure, a subsidiary of Sempra, today announced it has entered into a long-term sale and purchase agreement (SPA) with ENGIE S.A. for the supply of liquefied natural gas (LNG) from Phase 1 of its proposed Port Arthur LNG project under development in Jefferson County, Texas. Under the SPA, ENGIE has agreed to purchase approximately 0.875 million tonnes per annum (Mtpa) of LNG for 15 years, delivered on a free-on-board basis, and sourced from natural gas producers whose gas has been certified by an independent third party in accordance with ...

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HOT PORT NEWS from GAC

Lifting appliance certification 06 Dec 2022, Kandla Port, India Compliance requirement at Deendayal oil jetty Read more » Source: GAC

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Lloyd’s List Greek Shipping Awards 2022

THE WINNERS Melina Travlos, Theodore Veniamis and Harry Vafias win major awards while companies honoured –included Ionic Bulk Carriers, Andriaki Shipping and Levante Ferries The President and immediate past President of the Union of Greek Shipowners (UGS) were both recognised with major awards on Friday, December 2 as the 2022 Lloyd’s List Greek Shipping Awards were presented in front of an industry audience of more than 1,000 guests. Melina Travlos, who earlier this year was elected the first woman President of the UGS, was named Greek Shipping Personality of the ...

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TOP Ships Announces Pricing of $13.5 Million Public Offering

TOP Ships Inc., an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today the pricing of a public offering of 6,750,000 units at a price of $2.00 per unit. Each unit consists of one common share and one Class C warrant to purchase one common share, and will immediately separate upon issuance. The gross proceeds of the offering to the Company, before discounts and commissions and estimated offering expenses, are expected to be approximately $13.5 million. Each Class C warrant is immediately exercisable for one common ...

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Gulf Navigation Holding announces new Corporate Identity

Gulf Navigation Holding PJSC, the Dubai Financial Market listed maritime and shipping company, unveiled a new Corporate Identity and announced its new logo as “GULFNAV” as it seeks to enhance its brand equity and transform into one of the world’s most trusted shipping and maritime companies, renowned for safety, integrity, reliability and sustainability. Established in 2003, GULFNAV supports some of the Middle East’s largest oil & gas companies with a fleet of first-rate tankers, offshore support vessels and crew boats; complemented by the full spectrum of ship management and agency ...

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‘One too many distractions’ Industry experts discuss the pros and cons of the ‘sterile’ wheelhouse

Technology has advanced to such a degree that we can often rely more on automated systems than fellow humans to ensure a plane remains in the air. But certain situations require hyper-concentration by those responsible for operations. This is the sterile cockpit. A flight deck must avoid conversations that are not directly related to the immediate task. Two experts from the shipping and aviation industries, respectively, outlined how this is being applied to vessels. Speaking to the Standard Club’s Alongside podcast, former military and commercial pilot Patrick Browne explained how ...

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Paper on Seaborne Ammonium Nitrate Safety Published

Global cargo handling association ICHCA International (ICHCA) focusses on helping ships transporting ammonium nitrate to manage risks in a whitepaper detailing guidance for fire prevention and mitigation. The risks posed by poor conditions of storage of this common compound, which is used extensively in the Fertilisers and Explosives industries, have been well documented but awareness of the dangers of fire during transportation by sea is less well known. The objective of this guide, entitled ‘Ammonium Nitrate Fire Risk on Board Ships’ is to outline best practice with respect to the ...

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GPA to renovate Ocean Terminal docks

The Georgia Ports Authority Board has approved a plan to renovate and realign the docks at the Port of Savannah’s Ocean Terminal to better accommodate its expanding container operation. “For nearly 40 years, Ocean Terminal has been handling a mix of container ships and breakbulk vessels. The realignment is part of a broader effort to transform the terminal into an all-container operation, shifting most breakbulk cargo to the Port of Brunswick,” said Griff Lynch, GPA executive director. “Completion of this project will improve our flexibility and allow Georgia Ports to ...

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Port of Belledune signs MOU with Port of Hamburg

The Belledune Port Authority (BPA) has signed a Memorandum of Understanding (MOU) with Germany’s largest seaport, the Port of Hamburg, to collaborate on the movement of dry and liquid bulk commodities, and manufactured products, between Canada and Germany, with a focus on clean fuels and green products. The Port of Hamburg, located on the River Elbe, about 100 kilometres from the river’s mouth on the North Sea, is positioned as Germany’s leading foreign trade hub with up to 450 million consumers in Europe. It has modern handling facilities, communications systems, ...

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Puerto Aguadulce handles largest-capacity vessel to dock in Colombia

Sociedad Puerto Industrial Aguadulce (Puerto Aguadulce) has reached a new milestone with its recent handling of CMA CGM ARGENTINA – the largest-capacity vessel to arrive in Colombia. The milestone highlights Buenaventura’s position as a strategic port city for the country’s foreign trade with the Asia-Pacific region and the world. “This news has great significance not only for the national port industry, but also for Buenaventura, for foreign trade and the country. In addition to ratifying the positive evolution seen in overcoming the challenges that the world has been facing during ...

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Malaysian shipping struggling to catch up, while ports ‘anchor aweigh’ from troubled waters

Malaysia’s Maritime industry had a mixed development in 2022, with the shipping business slowly steaming in rough waters, attempting to recover from the hard knocks of the Covid-19 pandemic, and rebuilding it amid a lack of directional stability. However, the ports have started gaining momentum. The Malaysian ports, especially those with greater exposure to the global supply chain, are seen to be consistently improving their efficiency and capacity to compete with regional players, while simultaneously embedding digitalisation. Shipping: Change the direction, rationalise target The Malaysian Shipping Masterplan (MSMP) 2017-2022 was ...

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Oil tanker jam forms off Turkey after start of Russian oil price cap

A traffic jam of oil tankers is forming off the coast of Turkey after the start of the cap on prices of Russian crude, the Financial Times reported on Monday. The report said four oil industry executives said Turkey had demanded new proof of full insurance coverage for any vessels navi-gating its straits in light of the Russian oil price cap. A $60 per barrel price cap on Russian seaborne crude oil took effect on Monday, the latest Western measure to punish Moscow over its invasion. The agreement allows Russian ...

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