New Libya Oil Chief Mulls Resuming Exports at Eastern Ports
The new head of the state oil company for eastern Libya is considering restarting exports from the region’s two largest ports and plans to boost crude output.
“Among my priorities will be lifting force majeure at Es Sider and Ras Lanuf,” Nagi Elmagrabi, chairman of the National Oil Corp. for the eastern region, said in a phone interview Tuesday. “I will also seek to increase oil production.”
Libya pumped about 1.6 million barrels a day of crude before the 2011 rebellion that ended Muammar Qaddafi’s 42-year rule. Output fell to a quarter of that level this year as militias affiliated with rival governments in the east and west of the country fought for control of oil resources. Tribes and workers seeking jobs and better pay have also blocked operations at fields and pipelines, making the country the smallest producer in OPEC. www.bloomberg.com...
Out-of-service Soo Lock slows shipping on Great Lakes
When it comes to the shipping industry, "summer sailing" is the best sailing on the Great Lakes. Not yet braced for November's gales and free of spring's lingering ice, summer sailing finds the big ore boats and other vessels running at optimal speed.
But a shutdown this week of one of the two operating Soo Locks in Sault Ste. Marie, Mich., has slowed the industry when it least expected it.
"Summer sailing is when we're supposed to be making our best times of the year," said Glen Nekvasil, vice president of the Lake Carriers' Association that represents U.S.-flag vessels on the Great Lakes. "Now, we've got this; this is going to have significant impact on shipping over the next eight to 10 days."
The Detroit District of the U.S. Army Corps of Engineers announced the closing of the MacArthur Lock on Monday, leaving only the Poe Lock for traffic between Lake Superior and Lake Huron. One set of gates on the MacArthur Lock is not closing properly, the Corps said in a news release, estimating a minimum 10-day outage. The Corps will "dewater the lock so the cause can be determined," after which immediate repairs will commence.
The news hit the Great Lakes shipping industry like an unexpected punch. www.duluthnewstri...
Klaipedos Nafta may buy import terminal from Hoegh LNG
Lithuania will decide by autumn whether to buy a liquefied natural gas (LNG) regasification ship from Norway’s Hoegh LNG by 2025, in a bid to lower the cost of its LNG import terminal, the government said on Tuesday, Aug. 4, Lithuania hopes to save about 70 million euros ($76.79 million) over 30 years by borrowing at currently low rates to buy out the vessel at the end of its 10-year lease, the prime minister’s office said.
Klaipedos Nafta, which operates the terminal, will prepare to take out a long-term loan of 300 million euros by autumn, it added. “We are looking for ways to lower the costs of infrastructure,” Prime Minister Algirdas Butkevicius said in a statement. Hoegh has declined to sell the ship earlier than 2025, the prime minister’s spokeswoman told Reuters, but the country still aims to make a decision now. Lithuania completed installation of the LNG terminal in October 2014 in a bid to reduce its energy dependence on Russia’s Gazprom, the only other gas supplier to the Baltic states. The terminal now operates at about one eighth of its 4 billion cubic meters per year technical regasification capacity, after Gazprom proceeded to cut the price of its gas for Lithuania.
The country has levied a surcharge on all gas sold in its market to pay the costs of the LNG terminal, initially estimated at 920 million euros during 55 years of operation.
A spokeswoman for Hoegh LNG confirmed Lithuania had a right to buy the vessel when the ten-year contract expires.
Oil Spills After Tug Strikes Fuel Terminal in Bayonne
The U.S. Coast Guard was continuing to monitor oil recovery operations in the water near the International-Matex Tank Terminal (IMTT) in Bayonne, New Jersey on Monday after a tug allided with fuel terminal pier over weekend.
The Coast Guard said it was notified by IMTT personnel at approximately 10 p.m. Saturday from of an oil spill as a result of the allision.
As of Monday afternoon it was estimated that less than 1,000 gallons of oil entered the water and contracted crews were in the process of recovering the product. Coast Guard pollution responders and IMTT crewmembers launched more than 2,500 feet of containment boom and secured the source of the oil.
No wildlife has been affected as a result of the oil at this time, the Coast Guard said.
Coast Guard crews will continue to monitor the oil spill and assist contractors in recovering the product in the water.
A German businessman and power boating fanatic on Saturday broke a 57-year-old record for the fastest boat crossing between the United States and Cuba. Roger Klueh, 50, powered his "Apache Star" powerboat the 160km separating Key West and Havana, shattering a record that had stood since 1958. Klueh and his small crew piloted the high-tech speedboat between Key West and Havana in just under two hours. The boat was capable of top speeds exceeding 100 miles per hour.The earlier speed record, set by American Forest Johnson, was a comparatively leisurely six hours 23 minutes. Five months after that race, Fidel Castro and his band of rebels seized power from Cuban dictator Fulgencio Batista, the beginning of the downturn in US-Cuban relations and the end of boat competitions across the Florida Straits. Klueh has said his record attempt was made possible by the historic thaw in ties between the former Cold War foes. CLICK HERE ! Source : Straits Times
Greece’s privatisation fund TAIPED has drawn up a new business plan for the utilisation of state assets, as well as ratifying the new list of pending actions that require the government’s intervention for much delayed sell-offs to proceed.
Under the new schedule, the first half of next year rather than the second half of 2015, will see action peaking in the privatisation programme. It will concern the utilisation of the Piraeus and Thessaloniki port authorities, as well as that of railway companies Trainose and Rosco.
Both China’s Cosco and Denmark’s APM Terminals have expressed a keen interest in Piraeus Port Authority, but this project appears to be a particularly thorny issue, especially given internal wrangling in the Syriza-led coalition government. Many of the party’s MPs, including Shipping Minister Dritsas, a member for Piraeus, are against selling-off the port’s administration.
Indeed, the in-fighting could see Prime minister Alexis Tsipras, being forced to call another national election before the end of the year. Source: Seatrade Global
Halterm International Container Terminal announces CMA CGM Columbus Service
CMA CGM’s General Manager Canada, Lionel Chatelet, said the company was delighted to add Halifax to its Columbus service, thus expanding its services to clients in Asia and North America by offering faster transit times to key Canadian centres. The first call will be by the 8478 TEU capacity vessel, CMA CGM VIVALDI which, at 334 metres in length, is the largest container vessel to berth at Halterm. With ships carrying up to 9200 TEU capacity, the Columbus service offers a step up in the capability of container services into the region. Halterm CEO, Ashley Dinning, said that Halterm’s value to Asian shippers and Canadian exporters was the consistent and efficient service the company, through its dedicated workforce, provided to vessel, rail and truck modes as a gateway to and from Canadian and Mid-West centres.“We now have the opportunity to deliver on these new, direct connections for the Canadian market” he said. “CMA CGM, with its commitment and vision for its customers, has recognised the potential of the deep water, high capacity vessel calls we can support at Halterm”.“This is great news for us, for Halifax and for the province and we are looking forward to an even stronger relationship with our valued customer going forward” Dinning said. Under a new long term contract, the Columbus service now joins CMA CGM’s St Laurent Service at Halterm. The latter serves Canada’s trans-Atlantic export markets. Lionel Chatelet said CMA CGM’s clients placed high value on on-time delivery and the direct connection to Halifax opened up new rapid delivery options via Halterm for the Columbus service. The rotation for the new service originates in Shanghai, China. It includes Hong Kong and Yantian, China, followed by Vung Tau, Vietnam; Port Kelang, Malaysia; Halifax, Canada; New York, Norfolk and Savannah, USA; Port Kelang, Vung Tau, Hong Kong, Yantian, Ningbo, China and Busan, Korea. Source : AJOT
Brazil build new container terminal at Port of Paranagua
Brazil agreed with operator Portuario Porto Pontal the construction of new container terminal at Port of Paranagua with capacity 2 million TEU and cargo area of 600,000 sq m. The terminal will be multi-billion USD investment shared between the government and port operator, implementing the most modern technologies and making the port important transportation hub for container shipping in Southern Brazil. The new container terminal will be in the Portal de Parana and will be equipped with 56 cranes, railway integration and will be able to handle the largest container ships operating nowadays. The new investment is important step from the strategy of government to develop maritime and port infrastructure in South part of the country. DP World and APM Terminals already have terminals in the ports of Santos and Itahai and will be directly competing with the new transport hub Portal de Parana. many other port operators are interested in developing terminals in Brazil, such as Hutchison Port Holdings, PSA International and Stevedoring Services of America. All of them are not yet present in the market in Brazil, but might get in agreement with the local operator Portuario Porto Pontal for joint venture operations of Portal de Parana. Port of Paranagua is located in state of Parana in Brazil, serving the sea link for Curitiba and city of Parana. The deepwater port dates to the 16th century and currently is the busiest southern port of the country with annual turnover of more than 4.3 billion USD. The port is important exporter of were soybeans, poultry meat and soybean meal. Source : Maritime News
Cuinard Line's Queen Victoria made her Maiden Call at Marmaris on Tuesday with 2,023 passengers and 983 crew aboard. Once more the Marmaris Cruise Port welcomed maiden guests in traditional Turkish style.The Queen Victoria’s guests were greeted with the music and shows of the Ottoman military marching