Antigua and Barbuda: Major Upgrades Coming to Saint John's Port
Chinese investments will drive a significant pier upgrade for cruise ships in Antigua and Barbuda in the coming years. Once the China Construction Engineering Company is finished with the destination’s new state-of-the-art airport (this April) they will turn to sweeping the harbor, before a major new port project in Antigua.
“We will enhance the cargo pier and add a new cruise berth,” said Nathan Dundas, president of the Antigua and Barbuda Cruise Tourism Association. “It will be significantly, bigger than the pier we have now and geared toward Oasis-class vessels.” The agreement signed is valued at $200 million as Antigua is already seeing 700,000 passengers this year, up 20 percent from 2014.
Another agreement with the Caribbean Development Fund has given Antigua loan and grant money to go in and development downtown St. John’s, repairing roads, updating the taxi area and painting various buildings. An updated downtown, new airport and new cruise pier for megaships will help transform Antigua’s position in the Caribbean marketplace. “Once it all comes together it will put Antigua back into the number one position, and competing with St. Maarten (for cruise calls),” said Dundas. Barbuda had a record number of cruise calls, 15, for the 2014-2015 season. Most ships visiting the un-developed destination were small niche cruise lines, including Club Med, Hapag-Lloyd and Windstar. Only 1,100 people live on the island. www.cruiseindustr...
Large scale SAR operation after tug capsizing successful
A major search and rescue operation was underway in Southampton Water in the evening of Mar 30, 2015, following the capsizing of the 13-m-tug "Asterix". Red Funnel ferries, Cowes and Calshot RNLI lifeboats, Police launches, tugs and the Coastguard Rescue Helicopter from Lee-on-Solent were working together to locate at least one missing sailor. Other sailors on board the capsized vessel have been successfully rescued and taken to safety.
The captain and crew of the Red Eagle car ferry announced at around 8:10 p.m. that they were turning the boat around as they neared Southampton to respond to the emergency and have since launched a search boat with two crew members on board. At 8:20 p.m. an RNLI lifeboat from Cowes was launched to assist the operation alongside Calshot RNLI lifeboat. Both remain on scene off Fawley. Red Funnel have advised the 9:00 p.m. sailing was delayed as a result of the search and rescue operation. The search continued with the "Red Jet 4" joining the effort. At 9.30 p.m. the "Red Eagle" was released from the search and rescue operation and made its way to dock in Southampton. Red Funnel have advised the 9 p.m. sailing from Southampton and the 10.30 p.m. from East Cowes were delayed by approx one hour. At 10:21 p.m. the Maritime and Coastguard Agency confirmed that one person has been recovered to the shore and is being treated for hypothermia. A second crew member has also been recovered from the water to the lifeboat and has been transferred to hospital. All crew have now been accounted for and the search, which also involved Lymington RNLI lifeboat, has finished. Coastguard Rescue Teams from Southampton and Lymington were also involved in the operation from land. The vessel remained capsized and sunk and weather conditions on scene tonight are strong winds and poor visibility. There was no reported pollution on scene tonight.
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Termont Montreal to manage Port of Montreal’s new Viau container terminal
Montreal: Montreal’s new Viau cargo terminal will be managed by Termont Montreal, which will also be a partner in the construction of the 600,000 teu facility. Canadian firm Termont’s commitment will be to the tune of $24.5m in the initial phase of the project, which is scheduled to be finished by autumn 2016. Source: Splash 24/7
March 28 (Reuters) – The Greek government will sell its majority stake in the port of Piraeus within weeks, the country’s deputy prime minister told China’s official Xinhua news agency, a flip-flop from the leftist government as it seeks funds from its creditors.
The Syriza government of Alexis Tsipras took power in January on promises to end painful austerity, saying it would halt a string of privatisations including the sale of a 67 percent stake in the Piraeus Port Authority (OLP).
China’s Cosco Group was among five preferred bidders shortlisted under a privatisation scheme agreed by the previous conservative-led government as part of a 240 billion euro ($261 billion) bailout programme which Tsipras is seeking to renegotiate.
LNG ship (FSRU) arrives at Port Qasims Engro Elengy Terminal
A Liquefied Natural Gas (LNG) ship which stores and converts LNG to gas (FSRU) reached Port Qasim on Thursday with an initial cargo load of 148517 cubic metre of LNG.
This will now permanently dock at the Engro Elengy Terminal at Port Qasim and together will provide Pakistan’s first state of the art LNG terminal.
The terminal has been built at a cost of USD 135 million in a world record time of 335 days of signing with actual construction of 179 days and the FSRU vessel is worth an additional USD 300 million. Engro won the contract to handle LNG at the most competitive rate in the region. In addition, the vessel has the capacity for regasification of up to 600 mmcfd which will have a major impact on solving the energy crisis in the country.
Non-booked regular sized vessels wishing to transit the Panama Canal face a wait of approximately 5-6 days, says GAC. There has been a dramatic increase in the transit backlog as a result of several factors, including heavy arrivals in February/March, averaging 35.8 per day whilst transits average 35.1 transits (approximately 25 panamaxes per day), and extremely high booking utilization (over 97%).
China is moving into the Israeli ports market on a large scale: With one Chinese company having already won a tender to construct the new Ashdod Port, a second Chinese firm will be taking over operations at the new Haifa Port, which is currently under construction by Shapir Engineering and the Ashtrom group at a cost of NIS 3.96 billion.
Shanghai International Port Group has been awarded the government tender to operate the new port in Haifa for 25 years. The new Haifa Port is expected to commence operations in 2021. SIPG was the only company that bid to operate the new facility.
Turkey shuts Bosphorus Strait due to bridge construction
Turkey on Thursday, March 26 closed the Bosphorus Strait, a key shipping channel for Russian oil and other commodities, to allow for construction work on a bridge, shipping agent GAC Turkey said. The strait, which bisects Europe’s largest city Istanbul, was shut at 5 a.m. (0300 GMT) and was scheduled to re-open at 7 p.m.
U.A.E. Oil Port Beyond Hormuz Sees Storage Expansion
il storage companies are refinancing debt and planning borrowing to expand terminals at the United Arab Emirates port outside the Hormuz Strait to help traders manage an oil glut with Middle East borrowing rates near a record low.
Fujairah Oil Terminal FZC, a joint venture between China Petroleum & Chemical Corp. and a Singaporean partner, is seeking to refinance a construction loan, according to two people with direct knowledge of the situation. Gulf Petrochem FZC, which operates another storage terminal nearby, is considering financing to expand capacity, according to Paul Nix, general manager for terminal operations.
An oil glut estimated by the U.A.E. at 2 million barrels a day and growing Middle East output of products such as gasoline are boosting demand for storage, benefiting Fujairah, the biggest oil storage port on the Persian Gulf. Refinancing is more attractive with the three-month Emirates interbank offered rate, a benchmark used by banks to price loans, at 0.677 percent last month, matching the lowest since at least 2006. Source: Bloomberg
Associated British Ports’ Port of Ipswich has welcomed the largest shipment of stone in its history, press center of ABP says. The MV Arklow Bay arrived in Ipswich, from Belfast, to deliver 8229 tonnes of stone for Lafarge Tarmac, close to a thousand tonnes more than the previous record of 7371 tonnes. Materials for the construction industry represented around 30% of the Ports total tonnage in 2014. Source: Portnews