Cepsa, GP Global to Produce Marine Lubricants in India
Cepsa and Global Energy Private Limited (GPGEPL), part of UAE-based global conglomerate GP Global, have announced an exclusive partnership to manufacture and market Cepsa branded marine and power generation lubricants in India.As per the agreement, GP Global will manufacture, package and even import Cepsa branded lubricant products in India.“India is a huge market for port modernization and coastal shipping development. Major initiatives have been taken in this direction by our government.
Japan: An LNG Bunkering Hub?
New study examines Japanese government strategy for creating infrastructure for environmentally-friendly ship fuel.A new report by the Intrernational Transport Forum at the OECD assesses Japan’s ambition to become an international bunkering hub for liquefied natural gas (LNG).The Japanese government is working to position the nation as a LNG bunkering hub as it expects the fuel's significance in shipping to grow.Japan is already the world’s largest importer of LNG by a large margin.
India Plans First LNG Facility in Haldia
The Haldia Dock Complex under Kolkata Port Trust has recently earmarked about 10 acres of land in the vicinity of Haldia Oil Jetty No. 1 for a period of 30 years for setting up of LNG storage facilities, with permission to lay pipelines and install unloading arms through tender cum auction. The project will be undertaken on land lease model by granting lease of land by middle of December, 2016. LNG facilities are expected to be developed within 24 months from date of allotment of land.
India: Big Push on Coastal Shipping of Thermal Coal under Sagarmala
The State Government of Odisha will partner the Ministry of Shipping for taking ahead the ‘port-led development’ agenda under Sagarmala, the flagship program of the Ministry. The State Government has confirmed 10% equity participation in the Special Purpose Venture (SPV) of Indian Port Rail Corporation Ltd (IPRCL) that will be formed for development of a heavy haul rail corridor from Salegaon to Paradip port. This initiative will strengthen supply-side connects from mine to port and will boost coastal movement of 140 MTPA of coal…
Wärtsilä, Cavotec Developing Wireless Charging, Mooring Concept
An agreement has been signed between Wärtsilä and Cavotec to jointly develop the world's first combined induction charging and automatic mooring concept. Wärtsilä has developed a wireless charging system based on inductive power transfer. Cavotec provides automated mooring systems for various types of vessels, as well as shore power and reel systems. By combining the strengths and expertise of the two companies, an integrated wireless charging/mooring concept is to be developed for use in Wärtsilä's ship designs.
Joint Effort Targets Green Coastal Shipping
Minister of Trade and Industry Monica Mæland and State Secretary for Climate and Environment Lars Andreas Lunde signed a declaration of cooperation with key players in the Norwegian coastal shipping industry today. This declaration aims to ensure that Norway has the world's most environmentally friendly fleet of coastal vessels. In the future, LNG and battery power are projected to comprise a considerable share of the fuel used by the global fleet. Norway…
ClassNK’s Super Eco Ship for Coastal Trade
As the Industry waits for the Ministry of Shipping, Government of India to roll out the much hyped policy to boost Coastal Shipping and Inland Waterways transport, ClassNK & Indian Register of Shipping (IRS) took the first step to conduct a workshop on “Super Eco Ship For India Coastal Trade” as a strategy to be first to cash in on the opportunities when the policy gets implemented. Held in Mumbai last week at the IRS auditorium, both the classes presented to the gathering of ship owners…
Jones Act Tanker Market to Grow with Oil Production Boom
The Jones Act has been blamed for everything from higher prices of goods and oil to a shortage of rock salt supply in the Northeast during the past winter, but the 94-year-old U.S. federal statute governing the U.S. coastal shipping trades will not be going away anytime soon. The solid status of this deeply entrenched U.S. federal maritime law is reflected in heavy investments by oil, logistics and shipping companies in this lucrative domestic shipping sector.
First Indian vessel moves ODCs in one go
Allcargo’s multi purpose vessel “Allcargo Susheela” successfully loaded 9 pieces of Heavy lift & ODC cargo from Jawaharlal Nehru Port’s shallow berth last week. It is for the first time that an Indian flag vessel has moved multiple heavy lift cargo in one go. Same vessel had earlier carried 2 nos. generators weighing 105 MT each from Mumbai to Cochin. During last few months she was engaged in carrying project cargo in the Persian Gulf. "Susheela" berthed…
