• 2018 February 16 11:00

    WFS, Marinvest, IINO, Mitsui, NYK to build four new ocean-going vessels capable of running on methanol

    Waterfront Shipping Company Ltd. (WFS), Marinvest/Skagerack Invest (Marinvest), IINO Kaiun Kaisha, Ltd. (IINO), Mitsui & Co., Ltd. (Mitsui), and the NYK Group (NYK) announce their investment to build four new ocean-going vessels powered by clean-burning methanol fuel. These four 49,000 dead weight tonne vessels will be delivered in 2019 and built with MAN B&W ME-LGI two-stroke dual-fuel engines that can run on methanol, fuel oil, marine diesel oil or gas oil, MAN said in its press release.

    The vessels will join the existing seven methanol-fueled vessels chartered by WFS. In 2016, WFS, Marinvest, Mitsui O.S.K. Lines, Ltd., and Westfal-Larsen Management announced the delivery of these seven fuel-efficient ocean-going vessels to the sea. These innovative vessels are built with the first-of-its kind MAN B&W ME-LGI two-stroke dual fuel engines and have achieved accolades from the marine industry for their use of clean-burning methanol as an alternative fuel.
     
    As a safe, biodegradable and clean-burning fuel, methanol is a promising alternative marine fuel that can meet new and existing environmental regulations from the International Maritime Organization (IMO) that require vessels to decrease emissions of sulphur oxide and nitrogen oxides. By using methanol rather than conventional marine fuel, the vessels produce significantly fewer emissions than conventional vessels.

    The four new vessels will be built in Korea at Hyundai Mipo Dockyard, where several of the first generation of methanol-fueled vessels were built. WFS will charter the four vessels to replace older vessels and support growing demand for methanol around the world. Two of the vessels will be owned in a joint venture between WFS and Marinvest, one will be owned by NYK and the fourth will be owned in a joint venture between IINO and Mitsui.

    About Waterfront Shipping
    Waterfront Shipping, a wholly owned subsidiary of Methanex Corporation, is a global marine transportation company specializing in the safe, responsible and reliable transport of bulk chemicals and clean petroleum products to major international markets in North America, Asia Pacific, Europe and Latin America. Waterfront Shipping operates the world's largest methanol ocean tanker fleet with its fleet comprising vessels from 3,000 to 50,000 dwt. Its fleet of 28 modern, deep sea tankers forms a seamless transportation network dedicated to keeping an uninterrupted flow of methanol moving to storage terminals and customers' plant sites around the world.
     
    About Methanex Corporation
    Methanex Corporation is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol to major international markets in North America, Asia Pacific, Europe and South America. Methanex global production hubs are strategically positioned to supply every major global market and currently operates production sites in Canada, Chile, Egypt, New Zealand, Trinidad and Tobago and the United States. Its global operations are supported by an extensive global supply chain of terminals, storage facilities and the world’s largest dedicated fleet of methanol ocean tankers. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the NASDAQ Global Market in the United States under the trading symbol "MEOH".
     
    About Marinvest/Skagerack Invest
    Marinvest is a private shipping and investment Group, part owners and managers of product and chemical tankers. Holdings include investments in tankers of about 80,000 dwt, chemical tankers between 20,000 to 50,000 dwt, a developing coastal shipping company and real estate.
     
    About NYK Group
    Nippon Yusen Kabushiki Kaisha is one of the world's leading transportation companies. At the end of March 2017, the NYK Group was operating 799 major ocean vessels, as well as fleets of planes and trucks. The company's shipping fleet includes 372 bulk carriers, 111 car carriers, 97 containerships (including semi-containerships), 70 LNG carriers (including those owned by equity method affiliates), 63 tankers, 43 wood-chip carriers, one cruise ship, and 42 other ships (including multipurpose and project cargo vessels). NYK's revenue in fiscal 2016 exceeded $17 billion, and as a group NYK employs about 36,000 people worldwide. NYK is based in Tokyo and has regional headquarters in London, New York, Singapore, Hong Kong, and Sao Paulo.
     
    About IINO Kaiun Kaisha, Ltd
    IINO Kaiun Kaisha, Ltd. is a publicly-listed Japanese company with a history dating back to 1899. IINO currently operate global shipping business and real estate business. As of the end of December 2017, IINO group operates a diverse fleet of over 100 vessels including chemical tankers, oil tankers, drybulk carriers, LNG tankers, LPG tankers and small gas carriers, while also active in the real estimate business by owing five office buildings in central Tokyo. For Chemical tankers segment, IINO is one of the leading companies and operates various sizes of vessels trading world-wide.
     
    About Mitsui & Co., Ltd.
    Mitsui is one of the most diversified and comprehensive trading, investment and service enterprises in the world, with 138 offices in 66 countries as of Feb, 2018. Utilizing our global operating locations, network and information resources, we are multilaterally pursuing business that ranges from product sales, worldwide logistics and financing, through to the development of major international infrastructure and other projects in the following fields: Iron & Steel Products, Mineral & Metal Resources, Infrastructure Projects, Integrated Transportation Systems, Chemicals, Energy, Food, Food & Retail Management, Healthcare & Service, Consumer Business, IT & Communication Business, Corporate Development Business. Mitsui is actively taking on challenges for global business innovation around the world.
     
     
    About MAN Diesel & Turbo
    MAN Diesel & Turbo SE, based in Augsburg, Germany, is the world’s leading provider of large-bore diesel and gas engines and turbomachinery. The company employs around 15,000 staff at more than 100 international sites, primarily in Germany, Denmark, France, Switzerland, the Czech Republic, India and China. The company’s product portfolio includes two-stroke and four-stroke engines for marine and stationary applications, turbochargers and propellers as well as gas and steam turbines, compressors and chemical reactors. The range of services and supplies is rounded off by complete solutions like ship propulsion systems, engine-based power plants and turbomachinery trains for the oil & gas as well as the process industries. Customers receive worldwide after-sales services marketed under the MAN PrimeServ brand.




2018 June 17

18:40 Port of Oakland's largest terminal operator OK new lease to 2027
18:38 GoodBulk Ltd. announces delivery of Capesize vessel
18:32 Navios Maritime Partners announces sale of containership and options to sell four additional containerships

2018 June 15

18:35 Hapag-Lloyd implements Peak Season Surcharge from Mediterranean to USA
18:05 Wallenius Wilhelmsen Ocean adds Adelaide on the Australia service
17:54 Throughput of port Kaliningrad in 5M’18 up 12% Y-o-Y to 6.05 million tonnes
17:35 GTT conducts two FEED studies on two types of Gravity Based System
17:20 Throughput of port Vyborg in 5M’18 up 22% Y-o-Y to 610,900 tonnes
17:05 Port of Koper officially part of the New Silk Road
16:40 Yantar Shipyard launches yet another trawler of Project SK-3101R
16:35 Port of Long Beach volume up to 687,427 TEU in May 2018
16:05 Royal IHC joins PortXL
15:45 Throughput of port Vysotsk in 5M’18 declined by 3% Y-o-Y to 7.49 million tonnes
15:22 Main phase of Nizhegorodsky hydrosystem project obtains state expert approval
15:21 VTG FastTrack makes ad hoc transportation from the Port of Hamburg possible
15:00 Vopak opens new rail infrastructure in the port of Antwerp
14:21 Royal IHC and IHC IQIP sign memorandum of agreement with SOIC
14:09 DNV GL issues first type approval for aluminium cables onboard ships
13:16 Throughput of port Primorsk in 5M’18 down 18% Y-o-Y to 22.63 million tonnes
12:48 Bunker prices are down at the Port of Saint-Petersburg, Russia (graph)
12:27 Innovative solution for lowering of ship emissions tested in the port of Rotterdam
12:23 LUKOIL commissions third well at Filanovsky field second stage
11:59 Throughput of port Ust-Luga in 5M’18 down 1% to 41.48 million tonnes
11:31 Throughput of Big Port St. Petersburg up 16% to 24.73 million tonnes in 5M’18
11:02 Lloyd’s Register and TWI launch Fullagar Technologies
10:30 Kotug Smit Towage performs naming ceremony for Damen tugs Rotterdam & Beagle
10:24 Brent Crude futures price down 0.14% to $75.83, Light Sweet Crude – down 0.09% to $66.83
10:02 Seaports of Ukraine handled 54.3 million tonnes of cargo in 5M’18, down 2.1% Y-o-Y
09:40 Throughput of Russian seaports in 5M’18 grew by 2.7% Y-o-Y to 328.4 million tonnes (detalization)
09:19 Baltic Dry Index up to 1,433 points

2018 June 14

18:03 CMA CGM announces FAK rates from East Mediterranean ports to Gulf and Red Sea
17:47 Throughput of port Kavkaz in 5M’18 up 37% Y-o-Y to 15.34 million tonnes
17:33 APL unveils new China Southeast Asia Service 8
17:30 Specifications of products to be rated as manufactured in Russia will be updated
17:03 Pasha Hawaii receives new refrigerated containers as part of container replenishment program
16:48 State Duma approves federal law on setting rouble prices for services offered in Russian seaports (document)
16:33 Long Beach Harbor Commissioners adopt port budget
16:16 Rosmorport announces tender for dredging works in water area of port Vanino
16:03 Prosafe extends standstill agreement with Cosco
15:50 Vyborg Shipyard to deliver two 22 MW icebreakers of Project IBSV01 by November’18
15:32 Huisman and RAMLAB start project for the production of 3D large offshore crane hook
15:19 FESCO fleet began supplying of goods to northern Russia
15:02 HMM, Evergreen and APL launch China-Australia express service
14:32 Keppel delivers second rig to Borr Drilling
14:20 Commercial Sea Port of Ust-Luga accepted and handled a Panamax ship
14:02 MOL's newbuilding coal carrier OI MARU to serve JERA Trading
13:47 Global fuel market is waiting for some clarity from the Vienna meeting next week, expert says
13:46 Three nuclear-powered icebreakers of Project 22220 will be delivered by 2021 – USC
13:32 DFDS orders additional freight ferry newbuilding from Jinling Shipyard
13:02 TechnipFMC and DOF Subsea announce the delivery of Skandi Recife and commencement of contract with Petrobras
12:44 WMU joins in Malmö coastline clean-up for World Oceans Day 2018
12:25 APM Terminals offers new gateway to Iraq
11:43 Extensive geotechnical investigation of the Port of Riga territory commenced in Spilve meadows
11:19 Bunker prices is growing at the Far East ports of Russia (graph)
10:21 Brent Crude futures price down 0.31% to $76.5, Light Sweet Crude – down 0.09% to $66.58
10:00 Baltic Workboats is renewing the Danish pilot boat fleet
09:38 Major amphibious ship Ivan Gren to join Russian Navy before late June 2018
09:17 Baltic Dry Index up to 1,404 points

2018 June 13

18:35 ESPO congratulates Port of Dunkerque for obtaining EcoPorts’ environmental standard (PERS)
18:05 CMA CGM announces FAK rates from Asia to North Europe