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Keppel O&M delivers first of three jackup rigs novated by Borr Driling to ADNOC Drilling

Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary Keppel FELS Limited (Keppel FELS), has delivered the first of three jackup rigs to ADNOC Drilling Company PJSC (ADNOC Drilling). The three rigs were part of a series of five rigs that Keppel FELS had been building for Borr Drilling. As set out in Keppel’s announcement dated 12 October 2022[1], Keppel O&M entered into an agreement with Borr Drilling and certain of its subsidiaries to, among other things, accelerate the delivery of three jackup rigs to Borr Drilling (or ...

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First floating LNG terminal arrives at German port

The first of several ships that will serve as floating terminals to receive liquefied natural gas imports in Germany arrived Wednesday off the Baltic Sea port of Mukran. In response to Russia’s invasion of Ukraine, Germany has scrambled to secure alternative sources of gas to replace Russian supplies, on which the country had long relied. The 280-meter-long (918-feet-long) Neptune is due to begin operation in nearby Lubmin on Dec. 1. Similar so-called floating storage and regasification units are scheduled to arrive at the North Sea ports of Wilhelmshaven and Brunsbuettel ...

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ENGINE: Americas Bunker Fuel Availability Outlook

North America VLSFO and LSMGO availability is normal for prompt dates in the Houston area and off the US Gulf Coast. But HSFO deliveries can be trickier to secure in Houston. The earliest delivery dates with two suppliers in Houston stretch out to the beginning of next month, sources say. Some sources argue that VLSFO and LSMGO availability in Houston may also tighten over the coming days amid a spike in demand. Houston has been offering VLSFO and LSMGO at competitive levels to regional ports and some other global bunker ...

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First-ever shipment of Brazilian corn to China underway, more expected in coming days

The first shipment of Brazilian corn has started its voyage to Guangzhou, China after MV Star Iris, laden with 67,000 mt of corn, sailed from the Brazilian port of Santos at about 5 pm local time Nov. 23, according to shipping website Kpler. The shipment was widely anticipated by market participants after multiple trades were heard in Itaqui and Santos over the previous weeks. More shipments are expected over the two next weeks. Four vessels chartered by Cofco to be loaded with up to 280,000 mt of Brazilian corn are ...

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Proman Stena Bulk officially names new methanol-fuelled tanker Stena Pro Patria

Proman Stena Bulk Ltd formally named its first state-of-the-art newbuild IMOIIMeMAX methanol-fuelled 49,900 DWT vessel, Stena Pro Patria, in a ceremony hosted in Trinidad and Tobago on 23rd November 2022. Stena Pro Patria is the first of three methanol-fuelled vessels delivered in 2022 to the joint venture between leading tanker company Stena Bulk and the leading methanol producer Proman, with a further three newbuilds due for delivery between now and 2024. First methanol-fuelled newbuild naming ceremony in T&T The naming ceremony was the first for a methanol-fuelled newbuild in Trinidad ...

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Nor-Shipping 2023 sets sights on the future with Next Generation Ship Award

Nor-Shipping has announced that its prestigious Next Generation Ship Award is now open for entries, with Remi Eriksen, Group President and CEO, DNV confirmed as Award President. The initiative, which will celebrate its tenth year at Nor-Shipping 2023, has become an industry fixture, shining the light on a full spectrum of newbuilds, retrofits and conversions that challenge convention and set new standards for smart, sustainable maritime operations. Showcasing tomorrow “The Next Generation Ship Award is always a Nor-Shipping highlight,” comments Per Martin Tanggaard, Nor-Shipping Director External Relations. “It’s special because ...

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ABB shaft generator systems to support ten COSCO Shipping container vessels with energy efficiency

Improved energy efficiency supports COSCO Shipping’s decarbonization ambitions and compliance with forthcoming EEXI and CII regulations ABB has secured a breakthrough contract with the shipyard COSCO Shipping Heavy Industry (Yangzhou) Co. Ltd., to equip 10 China COSCO Shipping Corporation Limited container vessels with its permanent magnet shaft generator systems. The deal reaffims the growing appeal of the systems as a market-ready route to greater ship efficiency. Due for delivery by the end of 2025, the order comprises systems for six 14000TEU vessels and four 16000TEU vessels. The International Maritime Organization ...

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StormGeo Gives a ‘Green Gift’ to Shipping Companies in Celebration of its 25th Anniversary

StormGeo, a leading provider of weather intelligence and decision-support solutions for the shipping industry and part of Alfa Laval, celebrates its 25th anniversary by giving away its new Carbon Footprint Dashboard as a ‘green gift’ to customers of the s-Insight fleet performance management solution. “Decarbonization is a top priority for StormGeo, and we want to help as many companies as possible reduce fuel consumption and cut greenhouse gas emissions,” said Espen Martinsen, VP Sales Shipping at StormGeo. “Our new Carbon Footprint Dashboard helps shipping companies focus on the decarbonization metrics ...

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Deltamarin receives 3d model-based DNV approval

Deltamarin, DNV and AVEVA are very pleased to announce a strengthened collaboration following today’s approval from DNV for a 3D model used as part of the classification material prepared for Höegh Autoliners’ Aurora Class PCTCs. The three companies have been cooperating on streamlining the approval processes of classification materials from drawings to 3D models using the new Open Class 3D Exchange (OCX) standard. Deltamarin, DNV and AVEVA continue to combine their expertise to take the next big step towards the future of design processes. Deltamarin completed part of the steel ...

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Iron ore futures snap 3-day losing streak on China property support moves

Dalian iron ore futures snapped a three-session losing streak on Thursday, as recent support measures for China’s property sector outweighed worries over the recent rise in COVID-19 cases. The most-traded January iron ore on China’s Dalian Commodity Exchange ended day-time trade 1.3% higher at 732.0 yuan ($102.36) a tonne, off an earlier high. On the Singapore Exchange, the benchmark December iron ore was up 0.6% at $95.90 a tonne as of 0810 GMT. While traders contemplated the support measures for China’s property sector, Premier Li Keqiang convened a State Council ...

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ZIM Updates on Withholding Tax Procedures on December 2022 Cash Dividend

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, hereby updates that in connection with the dividend distribution expected to take place on December 7, 2022, as previously announced by the Company on November 16, 2022 (the “Dividend”), and in accordance with its previously obtained tax ruling (the “Ruling”) from the Israeli Tax Authority (“ITA”), certain shareholders of the Company (“Shareholders”) may be eligible to a reduced Israeli withholding tax rate with respect to their share of this Dividend, in comparison to the generally applicable withholding ...

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CSL’s MV Nukumi Named Bulk Ship of the Year 2022

Canada Steamship Lines (“CSL”), a division of The CSL Group, is pleased to announce that its latest newbuild self-unloading vessel, MV Nukumi, was named Bulk Ship of the Year 2022 last Monday evening at the prestigious International Bulk Journal (“IBJ”) Awards in Rotterdam, Netherlands. Presented to the year’s most outstanding bulk ship or newly built vessel, the award recognizes the many innovations built into the design of MV Nukumi to enhance safety, efficiency and performance, and to reduce the vessel’s overall environmental footprint. “I am honoured to accept this award ...

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What does the future hold as we make our first steps to decarbonisation with vessels using alternative fuels, was the subject of a webinar held by Stream Marine Technical

Great strides have already been made in a short space of time as the shipping industry navigates its journey to decarbonisation, was a key message that came out of a webinar held by Ship Management International (SMI) and leading maritime safety training provider Stream Marine Technical. Part of the Stream Marine Training Group (SMG), Stream Marine Technical brought together perspectives from training, classification and insurance, to discuss what lessons have been learnt and how the industry can prepare itself for the ambitious 2050 maritime goals of reducing carbon emissions. This ...

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WFW advises NORD/LB on €100m German LNG terminal financing

Watson Farley & Williams (“WFW”) has advised Norddeutsche Landesbank Girozentrale (“NORD/LB”) on the long-term financing of an import terminal for liquified gases to be constructed in Stade-Buetzfleh, Lower Saxony, Germany. The project in Niedersachsen Ports GmbH & Co. KG’s harbour section, which is being co-financed by both the German Federal Government and the state of Lower Saxony, is expected to be operational by the end of 2023. The terminal will first operate via a floating storage and regasification unit (“FSRU”) that will supply a land-based regasification facility at a later ...

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Chinese ports’ container throughput keeps expansion

Container throughput at China’s ports continued stable growth from January to October 2022, data from the Ministry of Transport shows. During this period, some 240 million twenty-foot equivalent units of containers were handled at the country’s ports, up 4 percent year on year, according to the ministry. The year-on-year growth rate is the same as that recorded in the first three quarters of this year. Cargo throughput at China’s ports edged up 0.5 percent year on year to 12.93 billion tonnes. This growth rate is higher than the 0.1 percent ...

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