Maritime News

Singapore’s Pavilion Energy Charters First LNG bunker Vessel

In a major development, Singapore’s Pavilion Energy announced on Monday that they have chartered their first liquefied natural gas (LNG) vessel which would be used in bunkering, or marine refueling, in the city-state, reports Reuters.

The 12,000-cubic meter LNG bunker vessel, the biggest such ship set for use in the Port of Singapore, will be owned by Japan’s Mitsui OSK Lines (MOL), built by Sembcorp Marine in Singapore and will be delivered by early 2021, Pavilion Energy said.

What prompted the...

http://mfame.guru/singapores-pavilion-energy-charters-first-lng-bunker-vessel/

The Tides are Changing with the World’s First Black Woman Cruise Ship Captain

Back in the not-so-good-old days of cruising, women were considered to be bad luck on ships, a distraction to the crew and an anger to the seas, says Laura Bloom in an article published on Forbes.

Some Statistics
  • Until the 1970s, many professional maritime academies didn’t admit women, and there were no woman cruise ship captains until 2007.
  • Things are definitely getting better in the cruise industry: Women now make up 18 to 20% of the workforce. But there’s still a long way to go.
  • Of the more...

http://mfame.guru/the-tides-are-changing-with-the-worlds-first-black-woman-cruise-ship-captain/

Venezuela’s $500 Million of Crude Finds No Takers

  • Venezuela is running out of storage space to store $500 million worth of crude oil following new U.S. sanctions in January.
  • Oil ventures owned by PDVSA with Rosneft, Chevron, Total SA and Equinor ASA have reduced their prices due to lack of storage.
  • Shipments to America, once Venezuela’s largest customer, has dried up and facing to find buyers outside of countries such as India and China over loan payments.
  • The world struggles to find heavy barrels after Canada’s self-imposed oil curtailment...

http://mfame.guru/venezuelas-500-million-of-crude-finds-no-takers/

‘Thumping’ Ships – Sleepless in Port Chalmers!

  • The new Rio-class container vessels visiting Port Chalmers are causing sleepless nights to residents located near the port.
  • The port company has begun noise assessments at its various wharves and ways to mitigate the problem.
  • The Rio-ships usage of two large generators to keep the refrigerated containers cold has been identified as the source.
  • As for the noise mitigation measure, the vessels have been ordered to berth further up the wharf, with their sterns facing landward, towards Port...

http://mfame.guru/thumping-ships-sleepless-in-port-chalmers/

How To Raise US$50M and Purchase Three Tankers in 18 Months

According to Tanker Shipping, at the Asian Tanker Conference, AG Shipping & Energy’s global head and head of trading, Mangish Kakodkar shared his journey.

Challenging times

AG Shipping & Energy’s global head and head of trading, Mangish Kakodkar, shared his 18-month journey to tanker ownership to show how “normal people like me, my brother and cousin” can in challenging times “come out of our comfort zone at an established company, set up on our own, raise US$50M and purchase three tankers.”

AG...

http://mfame.guru/how-to-raise-us50m-and-purchase-three-tankers-in-18-months/

Crane Factories in Egypt’s Suez Canal Area

Egypt witnessed on Thursday, 21st February, an agreement on the establishment of a crane factory in the Russian industrial zone in the Suez Canal area, reports Xinhuanet.

Contract Details
  1. The deal was signed by Russia’s leading crane company SMM and the Russian Export Center, a state export support institution, the Suez Canal Authority said in a statement.
  2. Mohab Mamish, chairman of Egypt’s Suez Canal Authority and the Suez Canal Economic Zone, is currently in Russia and held talks with SMM...

http://mfame.guru/crane-factories-in-egypts-suez-canal-area/

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