1. GasLog Partners fixes LNG carrier to Naturgy
„We expect that the Partnership’s contracted revenues in 2022 will more than fulfill its operational and financial obligations, whilst also retaining significant market exposure, particularly in the seasonally stronger second half of the year. Given the scarcity of independently-owned vessels available for term charters, based on current market conditions, we expect to recognise material upside well above our contracted revenues,” Enoizi said in the company’s latest financial report. https://splash247.com/gaslog-partners-fixes-lng-carrier-to-naturgy/
2. Petredec announces the formation of Petredec Global
The Petredec Group announced the formation of Petredec Global, comprising Petredec’s trading platform as well as our modern fleet of 27 VLGCs.
Petredec Global is exploring the possibilities of a public listing and would be the world’s first fully integrated VLGC shipping and trading company listed on a stock exchange. https://cyprusshippingnews.com/2022/05/02/petredec-announces-the-formation-of-petredec-global/?amp=1
3. ABP cuts its carbon footprint further with two electric cranes at the Port of Ipswich
Associated British Ports (ABP), the UK’s leading ports group, will further reduce carbon emissions, as two of the very first fully mains-electric powered hydraulic cranes arrive at the Port of Ipswich. These cranes are amongst the first of their kind in the UK and are the latest in a series of bold investments in sustainable measures from ABP, which have contributed to a 36% decrease in greenhouse gas emissions since 2014. https://cyprusshippingnews.com/2022/05/02/abp-cuts-its-carbon-footprint-further-with-two-electric-cranes-at-the-port-of-ipswich-2/?amp=1
4. APM Terminals Pipavav secures new weekly service the Jade Express
APM Terminals Pipavav, one of the leading gateway ports in Western India, has secured a new service Jade Express mainly for transhipment cargoes. The weekly service, introduced by Maersk, will connect Port Pipavav to Port Qasim. Jade Express connects Pipavav perfectly in time for the MECL service [west bound for North America] and provides same day connectivity on the FI3 service [for the far east]. https://cyprusshippingnews.com/2022/05/02/apm-terminals-pipavav-secures-new-weekly-service-the-jade-express/?amp=1
5. Ocean Carrier chooses port of Virginia for New Rail Link connecting the Mediterranean and US West Coast
“This is an innovative decision by one of our long-time customers to take advantage of our efficiency and our rail reach into the Midwest,” said Stephen A. Edwards, CEO and executive director of the Virginia Port Authority. “It’s a unique service, but it is indicative of a very challenging trade environment. We welcomed the opportunity to be part of the solution for cargo owners on the West Coast.” https://cyprusshippingnews.com/2022/05/02/ocean-carrier-chooses-port-of-virginia-for-new-rail-link-connecting-the-mediterranean-and-us-west-coast/?amp=1
6. Odfjell promotes Harald Fotland to chief executive
Norwegian chemical tanker operator Odfjell has appointed Harald Fotland as the company’s new chief executive officer. Fotland comes from the position of Odfjell’s chief operating officer and will assume the CEO role on May 6, 2022. https://splash247.com/odfjell-promotes-harald-fotland-to-chief-executive/
7. Port of Long Beach boosts rail capacity
The project added a second rail line running approximately 8,000 feet that enables four terminals in the port’s south basin area to simultaneously handle arriving and departing trains. It is part of the port’s ongoing rail infrastructure capital improvement program aimed at shifting more cargo to rail, one of the goals of the 2017 Update of the San Pedro Bay Ports Clean Air Action Plan. https://splash247.com/port-of-long-beach-boosts-rail-capacity/
8. GasLog Partners fixes LNG carrier to Naturgy
“We expect that the Partnership’s contracted revenues in 2022 will more than fulfill its operational and financial obligations, whilst also retaining significant market exposure, particularly in the seasonally stronger second half of the year. Given the scarcity of independently-owned vessels available for term charters, based on current market conditions, we expect to recognise material upside well above our contracted revenues,” Enoizi said in the company’s latest financial report. https://splash247.com/gaslog-partners-fixes-lng-carrier-to-naturgy/
9. US Army leases one tug and orders two new vessels
The US Army Corps of Engineers (USACE) has leased one tug and ordered two newbuild vessels for operations in the Great Lakes of North America
Cleveland-based Great Lakes Towing has gained a contract to provide its 2008-built tugboat Don Raul to the Buffalo District of USACE for up to five years. This is an initial US$3M contract for a firm one-year lease, which can be extended with four more yearly leases to result in US$8.4M of revenue for the tug owner. https://www.rivieramm.com/news-content-hub/us-army-leases-one-tug-and-orders-two-new-vessels-70826
10. Why Organic Chlorides Are Fuelling Shipping Concerns
The recent organic chloride incident in Singapore, where the external contamination of marine fuel oil rendered the fuel unacceptable for use, is a cause for concern to ship operators and the industry as a whole.
Several cases of organic chloride contamination have been reported by ships bunkering High Sulphur Fuel Oil (HSFO) from Singapore in February. They have led to various operational problems onboard such as sludging at purifiers, blocked filters, corrosive wear of fuel pumps and injectors and other damage to fuel oil system components. https://www.shippingtribune.com/news/shipping/Why+organic+chlorides+are+fuelling+shipping+concerns
