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Container capacity on the Transpacific route would remain unchanged this year as shipping lines currently do not plan any increases, according to Alphaliner.

The carriers’ cautious approach marks the first time since 2009 that no new transpacific services are to be introduced on the route in the transpacific contract season, which starts on May 1, for the summer’s peak shipping season.

Alphaliner said that Transpacific cargo volumes are expected to [...]

7

Dubai-based port operator DP World expressed its optimism about future performance despite international trade tensions, as it delivered a 10.2% rise in profit in 2018.

“Current year has started with trading in line with expectations and whilst the near-term outlook remains uncertain with the trade war and geopolitical headwinds, we expect our portfolio to remain resilient and see increased contributions from our recent acquisitions and investments,”Sultan Ahmed Bin Sulayem, DP [...]

6

Croatian joint stock shipping company Tankerska Next Generation has secured a one-year employment for MT Velebit, one of its medium-range 2 (MR2) ships.

The conventional ice-class product tanker will be chartered out to an unnamed party at approximately USD 14,500 per day.

Additionally, the charterer has an option to extend the contract for an additional eight months at approximately USD 15,500 per day, according to the company.

The 52,600 dwt [...]

6

A number of companies have recently joined The Clean Shipping Alliance 2020 (CSA 2020), increasing the organisation’s membership to 35 shipowners operating a combined fleet of almost 2,500 vessels.

Norwegian/Swedish shipping company Wallenius Wilhelmsen is the latest shipowner to join the alliance. Other companies that have recently joined include Hammonia Reederei, International Seaways, Chandris (Hellas) and Genco Shipping & Trading.

Wallenius Wilhelmsen operates a fleet of about 130 vessels, of which [...]

5

The construction of the Port of Tilbury’s new multimillion pound port terminal, Tilbury2, will begin immediately after the UK-based company GRAHAM was appointed to carry out the work.

In late February 2019, the port receiveddevelopment consent from the Secretary of State for Transport to build the new port.

The project will involve the creation of a new port terminal and associated facilities on land at the former Tilbury Power Station on the [...]

4

The International Labour Organization (ILO) unveiled a plan to make the maritime profession more attractive and accessible to young and women seafarers only days ahead of the International Women’s Day 2019.

In a roadmap that was agreed at the event in Geneva, Switzerland, which took place from February 25 to March 1, representatives from more than 40 countries in addition to social partners further identified ways of addressing the gap in recruitment [...]

Golar LNG Secures Deals for Another FLNG Project

Illustration; Image Courtesy: Flickr-Kees Torn under CC BY-SA 2.0 license
Golar LNG Secures Deals for Another FLNG Project

Gimi MS Corporation, a newly incorporated subsidiary of LNG shipping firm Golar LNG Limited, has entered into a 20-year lease and operate agreement (LOA) with BP for the charter of an FLNG unit, Gimi.

Expected to commence production in 2022, the FLNG unit will liquefy gas as part of the first phase of the Greater Tortue Ahmeyim project and be located on the Mauritania and Senegal maritime border.

FLNG Gimi [...]

Shipping Majors Cleared in US Cartel Investigation

Illustration. Image Courtesy: Pixabay under CC0 Creative Commons license
Shipping Majors Cleared in US Cartel Investigation

The U.S. Department of Justice has closed a two-year investigation into alleged price fixing by a group of major container shipping lines.

The investigation, which was unveiled in March 2017, was closed without filing charges or imposing fines. The process started when U.S. officials walked into a meeting of the industry’s 20 biggest companies and handed out subpoenas to top executives at several companies, including Danish giant Maersk, Swiss Mediterranean Shipping Company [...]

Spliethoff Secures Loan for 22-Ship Scrubber Retrofit

Dutch ship management company Spliethoff has secured an EUR 110.4 million loan for the installation of scrubbers and ballast water management systems on 42 vessels.

The loan is financed by Dutch financial services company ING and the European Investment Bank as part of their EUR 300 million Green Shipping partnership signed in 2018.

The loan will allow Spliethoff to have 17 vessels retrofitted with both exhaust gas cleaning systems and ballast water management [...]

6

Dutch shipowners, shipyards, manufacturers and ports of Amsterdam and Rotterdam have joined forces to study methanol as a marine fuel ahead of the IMO’s 2020 sulphur cap.

The consortium, supported by Maritime Knowledge Centre, would look into the feasibility of methanol as a sustainable alternative transport fuel in the maritime sector.

“As part of the project, the partners will look at concrete possibilities to adopt methanol as marine fuel on either newbuilds [...]

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