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Transportation

THE Alliance Updates MESN

Image: ONE Minato in Hamburg © HHM / Hasenpusch

THE Alliance, which includes Hapag-Lloyd, Hyundai Merchant Marine (HMM), Ocean Network Express (ONE), and Yang Ming, announced updated details of its 2020 service network, focusing on the Asia-Middle East trade-lane.THE Alliance will introduce three newly organized express loops from early April and

COVID-19 Could Impact Indian Shipping

Image: Jawaharlal Nehru Port Container Terminal (JNPCT)

India’s shipping and ports industry is likely to be negatively impacted by the outbreak of coronavirus (COVID-19) across China and South-East Asia, according to credit rating agency ICRA.China has been a major driver of global shipping trade in tanker, dry bulk and container segments. The tanker

Petronas Inks 12-yr Contract with K-Line

The signing ceremony was held in Kuala Lumpur, Malaysia. Photo: “K” Line

Malaysian national oil company Petronas’ subsidiary Petronas LNG Ltd recently signed a 12-year time charter party (TCP)  with a Japanese shipowner Kawasaki Kisen Kaisha Ltd (“K” Line) for two midsized new build LNG vessels.According to the statement, the TCP includes an extension option for an additional 12 years.

Golar LNG Pact with BR Distribuidora

Image: Golar Power

Golar Power, which offers integrated liquefied natural gas (LNG) based downstream solutions, and Petrobras Distribuidora S.A. (BR Distribuidora) announce the formation of a Partnership for the development of an LNG distribution businesses in Brazil.  According to a press release, the intention

Partnership to Make Waterways Climate-Neutral

Image: Rotterdam Port Authority

German energy company E.ON, Rotterdam Port Authority and DeltaPort Niederrheinhäfen are partnering up to create conditions conducive to switching inland shipping in Germany and Europe from diesel to battery and/or hydrogen drives.The companies agreed in Essen to develop an infrastructure so that

PIL Exits Transpacific Market

Image: Pacific International Lines

Singapore shipping company Pacific International Lines (PIL) has announced that it is quitting the Transpacific market as part of an optimization strategy.  The shipping line has been participating in a half-dozen trans-Pacific services, mostly in slot-charter arrangements.PIL’s last Transpacific sailing will be in March 2020.

Ships to Face 30% Higher Costs at Panama

Image: Panama Canal Authority.

The Panama Canal will begin collecting a freshwater surcharge from ships using the waterway from 15th February, as part of actions to address a scarcity of rainfall after the surrounding area recorded its fifth driest year of the last seven decades in 2019.The charge will be set at $10,000 for any vessel over 125 feet long.

Diana Shipping Fixes Philadelphia with BHP

Image: Diana Shipping Inc

Diana Shipping announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with BHP Billiton Freight Singapore Pte. Ltd., for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia.According to the global shipping company specializing in the ownership of dry bulk vessels,

AAL Shipping Launches New Service

Image: AAL Shipping

The  global ocean transport operator AAL Shipping has launched a new Europe-Middle East/India-Asia Monthly Liner Service to serve the market’s multipurpose vessels (MPPs) and project heavy lift cargo transport requirements.The new service, which connects main ports between Europe, Middle East/India and Asia,

Hapag-Lloyd, HHLA Form Ties

Image: Hapag-Lloyd AG

German international shipping and container transportation company Hapag-Lloyd AG and compatriot logistics and transportation company Hamburger Hafen und Logistik AG (HHLA), will be continuing their close cooperation in Hamburg for another five years.On the basis of this decision, both companies will

Port Bronka, NBG Sign Agency Pact

Image: © Port Bronka

The owner and operator of Port Bronka Fenix LLC St.Petersburg and NBG Nouschirvan Beteiligungsgesellschaft mbH Hamburg have signed an agency agreement for the promotion of the most modern sea port in Russia.Port Bronka is the only deep-water port in St.Petersburg.The port handles container, project, break bulk and ro-ro cargo.

Australia Becomes World's Largest LNG Exporter

Graph: Rystad Energy

Australia has become the largest liquefied natural gas (LNG) exporter in the world. The record figure knocked Qatar out of the top spot."Australia is set to become the world’s largest liquefied natural gas (LNG) exporter this year, overtaking Qatar, with its supplies expected to reach 81

4 Major Lines Jointly Launches EMA Services

Image: Ocean Network Express (ONE)

Chinese state-owned shipping company COSCO Shipping Lines, Hong Kong container shipping company Orient Overseas Container Line (OOCL), Japanese/Singapore container shipping company Ocean Network Express (ONE) and Taiwanese ocean shipping company Yang Ming Marine Transport Corporation are to launch a new weekly Transatlantic service,

India to Buy Russian Crude Oil

Vladimir Putin Introduces the Largest Shipyard in Russia to Narendra Modi. Photo: Rosneft

Russian oil and gas giant Rosneft has signed a contract with India’s largest fuel retailer Indian Oil Corporation (IOC) for supply of 2 million tonne (MT) crude oil to India by end 2020.The Moscow-headquartered integrated energy company said in a press release that the oil will be shipped to the refiner via the port of Novorossiysk.

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