More Assistance for Local Exporters

first_imgLocal exporters will be further enabled to take advantage of market opportunities and increase their export earnings with an expansion of the ‘Export Max: Enterprise Development Programme’.A sum of $54.9 million has been set aside for Phase II of the project, which will provide technical assistance to an additional 10 companies.Industry, Investment and Commerce Minister, Hon. Anthony Hylton, made the disclosure at a Jamaica Exporters’ Association (JEA) members’ luncheon, held at the Knutsford Court Hotel in New Kingston on May 9. Mr. Hylton informed that the initiative, which was launched in 2011, was developed by the Jamaica Promotions Corporation (JAMPRO) to focus on the development of a cluster of export-ready clients.“(Phase I) of the programme enabled a group of 15 exporters to take advantage of market opportunities and increase their export earnings,” he pointed out.The priority industries include: agro processing; aquaculture; furniture; coffee; fashion; mineral and mining; ICT; entertainment; and education.According to the Minister, the expansion of ‘Export Max’ is among a number initiatives being pursued by the Ministry, and in particular JAMPRO, to advance the National Export Strategy (NES).Another such programme is the FINPYME Export Plus Programme, which was launched in October 2012.It is co-ordinated by JAMPRO in collaboration with the JEA and the Jamaica Manufacturers’ Association, with funding support of some US$150,000 from the Inter-American Investment Corporation and the Inter-American Development Bank.To date, some 78 small and medium sized enterprises have registered to participate in the programme, which aims to build the export readiness and capacity of SMEs; improve market access for SMEs; and increase performance and exports of SMEs.Minister Hylton further informed that FINPYME recently approved 15 technical assistance programmes with over 30 modules, ranging from market access for agro processing in various markets and operational efficiency and cost cutting measures, to certification for agro products. “I invite those of you who have not yet registered, to do so soon, as the benefits are invaluable,” he stated.Jamaica is among a select number of countries in which the FINPYME Export Plus programme has been executed, and is the only country in which all six FINPYME initiatives have been implemented.Jamaica’s National Export Strategy is a unified strategic initiative that seeks to maximise the export sector’s direct contribution to economic and social development.The vision of the NES is to make Jamaica the place of choice for creative, innovative goods and services of exceptional quality.Contact: Athaliah Reynolds-Bakerlast_img read more

$78 Million Spent on Road Projects in West St. Mary

first_imgSome $78 million has been spent on major infrastructure development projects in the constituency of western St. Mary.This was disclosed by Member of Parliament for the area, Jolyan Silvera, during his contribution to the 2013/14 Sectoral Debate on June 18, in the House of Representatives.He said the works are being executed by the National Works Agency under the direction of the Ministry of Transport, Works and Housing. Under the programme, two new bridges have been constructed in the communities of Jack’s River and Fontabell, while road rehabilitation and gabion works continue in sections of the constituency.In the meantime, Mr. Silvera informed that a further investment of some $19 million will go towards the rehabilitation of the Coloraine Housing Scheme in the parish.The works will include the reconstruction of roadways and repair of the drainage system. “The (scheme) was constructed in 1972 by the Ministry of Housing and never received rehabilitative works (until now),” he pointed out.Other major programmes within the constituency include the establishment of a $3.2 million bee project, which has benefited some 20 persons through the provision of training, bee hives and other equipment.Additionally, more than $5 million has been spent to assist some 400 students with subsidies on school fees and textbooks.Mr. Silvera also informed that funding from the Jamaica Emergency Employment Project (JEEP) was used to rehabilitate community centres in the districts of Three Hills, Charles Town and Mango Valley.Contact: Athaliah Reynolds-Bakerlast_img read more

Data Protection Bill to be Tabled in September

first_img This was noted by Science, Energy and Technology Minister, Dr. the Hon. Andrew Wheatley, during the recent opening of the $3.5-million Annotto Bay computer resource centre in St. Mary. The Government’s Data Protection Bill, which aims to safeguard the privacy of individuals whose personal information has been documented by entities with whom they interface, is expected to be tabled in September when the Houses of Parliament reconvene following the August summer recess. Story Highlights r. Wheatley, who made the initial announcement during the 2017/18 Sectoral Debate in the House of Representatives in April, indicated then that the law aimed to govern the collection, regulation, processing, storage, use and disclosure of certain information in physical or electronic form. The Government’s Data Protection Bill, which aims to safeguard the privacy of individuals whose personal information has been documented by entities with whom they interface, is expected to be tabled in September when the Houses of Parliament reconvene following the August summer recess.This was noted by Science, Energy and Technology Minister, Dr. the Hon. Andrew Wheatley, during the recent opening of the $3.5-million Annotto Bay computer resource centre in St. Mary.He said the Bill aims to offer individuals an additional level of security in relation to how institutions treat with their personal information.Dr. Wheatley, who made the initial announcement during the 2017/18 Sectoral Debate in the House of Representatives in April, indicated then that the law aimed to govern the collection, regulation, processing, storage, use and disclosure of certain information in physical or electronic form.“So, whether it’s the bank… the Government of Jamaica… or any other institution… once you are in possession of someone’s personal information, you must deal with that information in such a manner that offers that person a level of protection and confidence,” the Minister said in Annotto Bay.He also indicated during his Sectoral Debate presentation that the 2015 Cybercrimes Act will be reviewed during the current fiscal year to address concerns regarding how sections of the law are interpreted and enforced.Additionally, the Minister said a new Information and Communications Technology (ICT) Bill will also be tabled.While encouraging greater use of ICT, Dr. Wheatley again urged persons and entities to exercise caution when doing so and safeguard themselves against cyberattacks.The Minister also encouraged persons to move away from being mere consumers of technology and become innovators, noting that “we have that inherent capacity”.“We have seen where a number of our young people are gaining employment opportunities within the app development… and in animation,” Dr. Wheatley said.The Annotto Bay computer resource centre, which is situated on the grounds of the St. Theresa’s Roman Catholic Church, is the 256th computer access point (CAP) developed by the Universal Service Fund (USF), and the ninth established in St. Mary.It is outfitted with 16 desktop computers, one Internet broadband server and supporting network capability, one printer, one projector, and two air-conditioning units.The USF also conducted electricity upgrading on the building housing the centre, which was provided through a partnership between the Church and the Annotto Bay Community Development and Environmental Benefit Society, which applied for the CAP.last_img read more

YEDAI Project Manager Highlights Importance of Youth Creativity

first_img Manager for the Government’s Youth Employment in Digital and Animation Industries (YEDAI) Project, Margery Newland, says Jamaica’s economic growth and development are, to some extent, grounded in the creativity of the nation’s youth, particularly as it relates to job creation. Story Highlights Noting that the society has, in the past, been hamstrung by the belief that young people were obliged to pursue careers in traditional professions, such as education, law and medicine, Mrs. Newland said the view has changed in relation to the current generation which has “no such limitations”. “Your only limitations, I think, is where you restrict your imagination (and) creativity…Your responsibility is to use your imagination to the fullest possible extent that you can, to think and work creatively (in doing) things in new ways that show you are able to improvise,” she told the young participants at the fair. Manager for the Government’s Youth Employment in Digital and Animation Industries (YEDAI) Project, Margery Newland, says Jamaica’s economic growth and development are, to some extent, grounded in the creativity of the nation’s youth, particularly as it relates to job creation.Noting that the society has, in the past, been hamstrung by the belief that young people were obliged to pursue careers in traditional professions, such as education, law and medicine, Mrs. Newland said the view has changed in relation to the current generation which has “no such limitations”.She was speaking at the Scientific Research Council’s (SRC) National Science and Technology Fair awards ceremony, held at the Spanish Court Hotel, New Kingston, on Tuesday (June 12).“Your only limitations, I think, is where you restrict your imagination (and) creativity…Your responsibility is to use your imagination to the fullest possible extent that you can, to think and work creatively (in doing) things in new ways that show you are able to improvise,” she told the young participants at the fair.Mrs. Newland also emphasised that the society’s adults and elders have a responsibility “to encourage your creativity and provide mentorship and access to the technology that will help you to succeed. These ingredients are the things that are going to turn your dreams into practical reality”.Meanwhile, she said the high level of creativity and enthusiasm exhibited by youngsters participating in the fair is “very heartening,” and is a testimonial to the hard work by the SRC in organising the initiative.Noting the emergence of the local animation industry, Mrs. Newland said ongoing developments are positioning the sector to the point where persons, especially young people, will be able to leverage its benefits to their advantage.“Everybody is interested in and wants to do animation… which captures people’s imagination,” she said.For his part, SRC Executive Director, Dr. Cliff Riley, said the agency prides itself in being engaging and relevant through activities such as the fair.“As we look on Jamaica’s future and the developmental plans to make (it) the place of choice to live, work, raise families and do business, there is no way we can achieve that without a well-educated population… that has scientists, problem-solvers and innovators. This is where our students (come in) because they are the solution persons (and) problem-solvers of our future,” he argued.In this regard, the Executive Director praised the teachers facilitating the students’ development, noting that many of them serve as mentors in providing the youngsters with the necessary guidance and inspiration designed to steer them towards making the correct choices regarding their future.“Teachers, we really thank you. You are the reasons why we are where we are (as a nation)… because you are the ones who have transformed our lives. When I see how our students are thinking, I am convinced that we don’t have a major problem in terms of the future of science. Once we are able to support our students… our innovators… we will come up with real solutions (for the challenges Jamaica faces),” he added.More than 350 students and teachers from 20 primary, secondary and tertiary institutions participated in the one-day fair, which featured 36 projects entered for cash and other prizes totalling over $1 million.The entries were developed in the areas of agriculture; food and agro-processing; energy; information and communications technology and electronics, with special focus on cybersecurity, health and safety, and sports/athletics.Seaview Primary School, Vere technical High School and Northern Caribbean University topped the respective categories.The National Science and Technology Fair, which was staged in collaboration with YEDAI and several other partner entities, aims to identify, produce and commercialise products and services geared at improving national growth and development.last_img read more

$300 Million to Boost Community Tourism Activities

first_img Speaking at the official launch of M-Academy at the Chinese Benevolent Association, Old Hope Road in St. Andrew on April 11, Mr. Bartlett said the money will be spent in 63 communities across the country to have small events and activities to attract more visitors, and increase the earnings of small tourism suppliers. Story Highlights Minister of Tourism, Hon. Edmund Bartlett, says $300 million has been budgeted to boost community tourism activities across the island.Speaking at the official launch of M-Academy at the Chinese Benevolent Association, Old Hope Road in St. Andrew on April 11, Mr. Bartlett said the money will be spent in 63 communities across the country to have small events and activities to attract more visitors, and increase the earnings of small tourism suppliers.“Once you create that capacity within the communities to be able to convert knowledge into material things and events, you are going to invite tourism into the community, and that’s what I’m about.It’s about increasing growth and increasing development, so tourism is not about the coastline but the experiences are in the communities, and so we want to build out that capacity,” he said.The Minister further added that the building out of more tourism activities is critical and will redound to the continued development of the industry.“We are going to work with the Tourism Linkages Network, because we have budgets to deal with that… to help to build capacity within communities,” he said.The primary objective of the Tourism Linkages Network is to increase the consumption of goods and services that can be competitively sourced locally. It also aims to create employment while generating and retaining the country’s foreign exchange earning potential.In the meantime, the Minister lauded the creation of the M-Academy, adding that “it seeks to build out another tier of skill sets which is so important in broadening the capacity of Jamaicans.”M-Academy is a Jamaica Social Investment Fund (JSIF) and Main Event Entertainment Group partnership. The main objective of the initiative is to train persons in various aspects of event production.The programme will last for six months with the trainees drawn from the 18 communities targeted by JSIF. Training for the first cohort of approximately 100 persons is slated to commence in May. “Once you create that capacity within the communities to be able to convert knowledge into material things and events, you are going to invite tourism into the community, and that’s what I’m about. Minister of Tourism, Hon. Edmund Bartlett, says $300 million has been budgeted to boost community tourism activities across the island.last_img read more

PRONAUTAS to Implement Ku-Band VSAT Solutions on CFL Fleet

first_img Print  Close My location zoom Dutch shipping company CFL has chosen PRONAUTAS to implement the proven Ku-Band VSAT connectivity solutions on all vessels in their fleet. Headquartered in Amsterdam and well known for its innovative market approach, CFL owns and operates a fleet of young and flexible eco-friendly multi-purpose vessels.PRONAUTAS was selected to provide the VSAT solution thanks to its experience and competence in connectivity solutions, satellite communications, navigation systems and full service support. The decision for a fleet-wide roll out was made by CFL after a successful three-month trial period.Together with air-time service operator partner Astrium Services, PRONAUTAS will provide Pharostar connectivity, XChange Box and iDirect modem to track, monitor and control connectivity traffic onboard.Given the global trading area of all CFL vessels, delivery, installation, and commissioning of the equipment and services will be carried out worldwide. The first two installations onboard new build Sole type vessels ´Industrial More´ and ´Industrial Merchant´ have been successfully performed at the Peters Shipyards in Kampen, the Netherlands. CFL, December 11, 2013 此页面无法正确加载 Google 地图。您是否拥有此网站?确定last_img read more

1st Mare Forum Dubai Global Leaders Maritime Summit to …

first_img Print  Close My location 此页面无法正确加载 Google 地图。您是否拥有此网站?确定 zoom The 1st Mare Forum Dubai Global Leaders Maritime Summit has garnered worldwide attention. The Summit to be held on February 25th 2014 under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai & Chairman of the Executive Office has been organized by Drydocks World & Maritime World in partnership with Mare Forum. The event to be held at Madinat Jumeriah has generated overwhelming interest & participation from both the regional and international marine, maritime and shipping sectors. This professional forum will bring together policy makers and chief executives of industry in a decisive dialogue and debate, where business strategy and policy-making for today and tomorrow’s issues can be realized with optimal results. As top international business leaders will be in Dubai to formulate The Big Picture for the Marine, Maritime and offshore industry.The event has also drawn interest from many sponsors & these include Dubai Maritime City, The Dubai Council for Marine & Maritime Industries, The Emirates Classification (Tasneef) The Emirates Classification (Tasneef) Emirates Classification – Tasneef, RINA Group- Italy, Al Ghurair Resources, American Bureau of Shipping (ABS), Mubarak Marine, the Marshall Islands Registry, Lloyd’s Register, GMS Leadership, Robban Assafina Magazine and Ship to Shore and many more.The Summit will focus on topics relating to global geopolitical considerations today and in the future and examine the world economy, its energy and resource needs and challenges, trade patterns and how this will impact on the maritime industry. Year 2013 turned out to be well-balanced for global energy markets. Demand has risen from Asian markets and competition from unconventional hydrocarbon production has increased and this represents shifts in the established global energy order. Besides, demand due to increased population and economic growth and ensuing power requirements has placed heavy emphasis on the use of alternative and renewable energy sources to attain sustainable development.Industry experts expect global energy consumption to rise by 41 percent from 2012 to 2035. That’s an annual growth rate of 1.5 percent. Most of that increase will come from the emerging economies while energy use in the advanced countries will increase, mainly because of new efficiencies. Oil, natural gas and coal will each comprise about 27 percent of the energy mix with the rest coming from nuclear, hydroelectricity and renewable sources. Natural gas consumption is expected increase at 1.9 percent a year. The role of gas in an expanding energy market, opportunities that the offshore industry can provide to the shipping industry, the challenges and upsides for oil and gas exploration & production and the basics for growth in the LNG market will be discussed.The event will examine the liquid, dry bulk and container market outlook as well as the outlook per ship type. The dry bulker market utilization is set to improve from this year with increase in demand. The tanker market is changing in favour of product tankers due to a forecasted increase in tonne-mile demand for all types of product types. The VLCC fixture activity is also seen to be picking up gradually giving a positive outlook for the future. Market issues on how shipping can be profitable in a changed market economy, future shipping trends, the creation of a profitable and sustainable shipping industry and trends in shipping rates will be discussed. Offshore perspectives including the economic viability of environmentally friendly vessels and the dynamics in relation to China will be debated.The economic issues relating to such investments, the advantages and disadvantages of such technology, the role of LNG in the future, ballast water management are other topics that would be discussed. The future of the Dubai Maritime Cluster in the light of Dubai dynamics of today and the future for the next 10 to 20 years and beyond will be discussed. The strategies and goals for this sector including topics relating to logistics, taxes, shipbuilding, shipping law, ports and terminals and attendant service industries will also be covered.His Excellency Khamis Juma Buamim, Chairman of Drydocks World and Maritime World and Chairman of Mare Forum Dubai said, “We are truly honored to have such global business leaders who will not only discuss and exchange thoughts but will formulate opinion and present conclusions and synthesis over the future of the marine and maritime industry. This forum is a comprehensive one, which will provide a total new outlook to future maritime business. The Global leaders will spend the 2nd day on special business discussion and visits to major maritime centers. The event will focus global attention to the growing importance and emerging stature of Dubai as a critical hub for the industry. This is the first of a series of international forums in Dubai with focus on world-wide recognition of the growing importance and emerging stature of Dubai, the UAE & the region within industry circles.”The speakers and discussion panelists are drawn from high profile personalities from various sectors in the industry and will include Jannis Kostoulas, President Mare Forum; Rashed Al Hebsi, CEO, TASNEEF; Ugo Salerno, Group CEO, RINA; Djamal Djoury, CEO, Ghurair Resources; Roberto Giorgi, Honorary President, V.Ships; Chris Wiernicki, CEO & President, American Bureau of Shipping (ABS) ; Henrik O. Madsen, Group CEO – DNV GL; Robert Lorenz-Meyer, Chairman, Ernst Russ GmbH & Co. KG and Past President BIMCO; Jan Fransen, Managing Director, Green Award Foundation; Alexander M. Economides, Director, EPT USA; Theofilos Xenakoudis, Worldwide Business Operations Officer, IRI/The Marshall Islands Registry; Marco Albers, Head of Transport & Export Finance, Managing Director, DekaBank; Kevin Tang, Director, Brazil-China Chamber of Commerce and Industry; Dato’ Jude P. Benny Managing Partner, Joseph Tan Jude Benny, Singapore; and several others leaders from globally renowned shipping and maritime organizations. Drydocks World, January 27, 2014last_img read more

Wärtsilä Presents New FPP Opti Design

first_imgJune 4, 2014 zoom The FPP Opti Design, a new state-of-the-art fixed pitch propeller (FPP) design concept, has been introduced by Wärtsilä.The new design offers fuel savings of up to 4 per cent and highly reliable full scale performance predictions. The concept has been developed utilising the latest computational fluid dynamics (CFD) technology.The Wärtsilä FPP Opti Design has been developed at the company’s Technology and Service Centre in the Netherlands, and is the result of highly experienced design engineers having access to the very latest and most sophisticated software and analysis tools.CFD calculations analyse not only the propeller performance but most importantly also, the interaction between the propeller and hull. This provides extremely accurate information to achieve design and parametric optimisation.“Wärtsilä has more than 100 years of experience in developing high quality propeller solutions. To this huge knowledge resource we have now been able to add a highly sophisticated state-of-the-art design approach that is unmatched in the industry. The hull and the propeller, and the interaction between the two, can both now be taken into account during the design process. The result is a higher level of efficiency and lower operating costs,” says Arto Lehtinen, Vice President, Propulsion, Wärtsilä Ship Power.Energy saving solutionsWärtsilä continues to develop solutions that save energy and improve the efficiency of ship propellers. These include the Tip Rake Concept featuring an extended tip, smoothly curved to the pressure side of the blade with optimised geometrical parameters developed to achieve efficiency improvements, lower pressure pulse levels, and a quieter propeller.The Wärtsilä EnergoProFin is an innovative propeller cap with fins that rotates together with any make of propeller. By weakening the hub vortex, resistance is decreased and propulsion thrust is increased, resulting in fuel savings of up to 5%.Energopac is Wärtsilä’s optimised propulsion and manoeuvring solution that reduces fuel consumption by integrating the propeller and rudder designs.It is fully optimised for energy efficiency without compromising either manoeuvrability or comfort levels.last_img read more

Keel Laid for Holland America’s Largest Ship

first_imgzoom Seattle-based cruise company Holland America Line celebrated the keel laying of its new 2,650-guest Pinnacle Class ship on Aug. 22 at Fincantieri’s Marghera shipyard in Italy.A 680-ton block was lowered by crane into the yard’s building dock, marking the official beginning of construction. The 99,500-gross-ton ship is scheduled for delivery in February 2016.The event was attended by Holland America Line’s Keith Taylor, senior vice president, fleet operations and Cyril Tatar, vice president, newbuild and technical operations.“The keel laying of our new Pinnacle Class vessel heightens the anticipation for delivery because very soon we’ll see the ship begin to take shape,” said Stein Kruse, president and CEO of Holland America Line.“As the largest ship ever built for Holland America Line, the vessel features many innovations and new features, and we’re excited to see it all come together over the next year and a half.”The ship will showcase decors by leading hospitality designer Adam D. Tihany, based in New York City, and designer and architect Bjorn Storbraaten, based in Oslo, Norway.Press Release, August 27, 2014last_img read more

ZIM Shanghai Unloads in Long Beach

first_imgWorld Maritime News Staff, October 1st, 2014; Image: occupy.org zoom Israeli-owned containership Zim Shanghai has unloaded its cargo at the Port of Long Beach in Los Angeles, having been reverted from the Port of Oakland by pro-Palestinian protesters.The unloaded Oakland cargo in Los Angeles will most likely be trucked back up to Oakland causing additional costs to ZIM.The vessel departed Oakland on Sunday evening fully loaded and was expected to arrive in Los Angeles on Tuesday.“The Zim Shanghai arrived at the Port of Oakland early Saturday morning, docking at Stevedore Services of America (SSA) at 5:16am.  The Stop ZIM Action Committee organized pickets of the ZIM ship during two work shifts at SSA, which ILWU Local 10 longshore workers respected,” Stop ZIM Action Committee said in a release.The Committee said that the action resulted in changing the vessel’s departure time and itinerary. The Zim Shanghai, which was originally scheduled to leave at 1:00pm for Vostochnyy, Russia, instead left at midnight for the Port of Long Beach.“At 6:00 PM Saturday, ILWU Local 10 and 34 represented longshoremen and clerks dispatched to work the vessel ZIM Shanghai at SSA’s Oakland California Terminal were met with hostile demonstrators, effectively blocking all access to the terminal,” International Longshore and Warehouse Union (ILWU) said.ILWU added that its longshoremen and clerks were threatened physically at some points of ingress and their personal vehicles were physically blocked.” As such, all personnel stood-by outside of the demonstration perimeters for health and safety purposes. At approximately 8 PM SSA released all personnel from work,” ILWU went on to say.According to ILWU, the protests were organized by a coalition of individuals and organizations under the name of “Block the Boat for Gaza” online.“The ILWU is not among the groups organizing the protests, and the leadership and membership of the ILWU have taken no position on the Israel/Gaza conflict,” ILWU stressed.ZIM’s cargo ships have been targeted by activists for a couple of months now preventing them from docking at either the ports of Oakland, California, Seattle or Vancouver.The protests have resulted in considerable delays and disruption of ZIM’s schedules.last_img read more

Mutriba Enters KOTC Fleet

first_imgzoom The fourth and final 31,445GT Product Tanker Mutriba, built by Hyundai Mipo Dockyard Co., Ltd. (HMD) as part of a series of vessels being constructed for the Kuwait Oil Tanker Company S.A.K. (KOTC) was officially delivered to KOTC at a ceremony held in Kuwait on October 20, 2014.The Mutriba is the fourth and final Product Tanker to be constructed by HMD as part of this series under ClassNK Rules and Regulations and in line with KOTC’s standards on safety and environmental performance.The Mutriba, along with the other vessels in the series, is fitted with ballast water treatment systems and possesses an Inventory of Hazardous Material. The series is also the first in the world to be constructed in line with the ClassNK Guideline for Noise and Vibration, and delivered with the ClassNK notations “Noise and Vibration Comfort (NVC)” and “Mechanical Vibration Awareness (MVA).” Press Releaselast_img

Port of Houston on Track for a Record Year

first_imgzoom The Port of Houston Authority handled more than 16 million tons of cargo during the first five months of 2015, an increase of 9 percent compared to the same period last year. Additionally, activity at the Bayport and Barbours Cut terminals continues to grow at an accelerated pace, with loaded container units increasing 23 percent versus May 2014.Reporting at the regular monthly meeting of the Port Commission of the Port of Houston Authority, Executive Director Roger Guenther also highlighted USD 66 million in cash flow generated through May, a 47 percent increase from the same period last year.Guenther moved on to address several of Port Authority’s infrastructure projects. He noted that work to deepen and widen the Barbours Cut channel was expected to be complete at the end of July.Guenther also highlighted a design contract on the agenda for work at Barbours Cut Container Terminal Wharf No. 2, which also addressed issues deemed critical for safe navigation of the larger container ships that will load and unload where the terminal’s four new cranes are located.last_img read more

Video: Maiden LNG Cargo Leaves Gladstone

first_imgzoom The first cargo of liquefied natural gas from the AUD 18.5 billion GLNG project on Curtis Island, Australia, was loaded from the Santos GLNG facility onto the Malaysian-owned LNG ship Seri Bakti, and is on its way to South Korea, according to Santos, the operator of the Santos GLNG.Santos Managing Director and Chief Executive Officer David Knox said that the first shipment was the culmination of a historic journey for Santos.“Successfully delivering our first operated LNG project is a testament to our dedicated employees and contractors, the support we have received from governments, local communities, our customers and shareholders, as well as the strong relationships we enjoy with our joint venture partners,” Knox said. “The first cargo from GLNG strengthens our position as a major and competitive LNG supplier to Asia. GLNG is a robust project and will generate strong cash flows for the business for decades to come.”GLNG produces natural gas from Queensland’s coal seams and converts it into LNG. It involves gas field development in the Surat and Bowen Basins, a 420-kilometre gas transmission pipeline and a two-train LNG plant on Curtis Island, near Gladstone which will have the capacity to produce 7.8 million tonnes of LNG per year when fully operational.Santos is the operator and has a 30% interest in the project. Other co-venturers include Petronas of Malaysia (27.5%), Total of France (27.5%) and Kogas of South Korea (15%).The Santos GLNG facility is one of three LNG plants being built on Curtis Island, Australia, alongside Queensland Curtis LNG (BG Group) and Australia Pacific LNG (ConocoPhillips).Once complete, the three LNG facilities comprising of six Trains will have a combined capacity to produce about 25 million tonnes of LNG per annum.last_img read more

HapagLloyd Launches Notes Offering

first_imgzoom German shipping major Hapag-Lloyd has launched a euro bond offering with a volume of EUR 300 million and a maturity of seven years.As informed, the proceeds will be used for the early redemption of the company’s euro bond due in 2018 and the early partial redemption of the euro bond due in 2019.Currently, the redemption is envisaged for October this year, according to Hapag-Lloyd.On May 24, Hapag-Lloyd closed the merger with the UAE-based liner shipping company United Arab Shipping Company (UASC), expecting annual synergies of USD 435 million from 2019 onwards.A significant portion of these savings should be realized in the course of 2018, while the full amount is expected to first be reached in 2019, the company earlier said.UASC’s 58 vessels have been integrated into the fleet of Hapag-Lloyd, with Hapag-Lloyd assuming the fifth spot in terms of capacity with 230 vessels and a shared fleet capacity of approximately 1.6 million TEU.last_img

CLdN Takes Delivery of Its First NextGeneration RoRo

first_imgzoom Luxembourg-based short sea specialist CLdN RoRo has taken delivery of its first newbuilding vessel from the next generation of super RoRos, the MV CELINE.Originally code named the G9, the 234-meter-long ship will add 8.000 lane meters to the CLdN network, according to the company.Following a debut voyage from the South Korea’s Hyundai Shipyard, where it was constructed, MV CELINE arrived at its home ports of Zeebrugge and Rotterdam on October 25, according to AIS data provided by Marine Traffic.The new ship will operate on a rotational schedule, including both ports of Zeebrugge and Rotterdam; Dublin, Ireland and London/Killingholme, UK.“We are delighted to be able to welcome the eagerly anticipated arrival of the first of 12 vessels of our previously announced fleet enhancement strategy,” a spokesperson for CLdN said.“With the CELINE’s green credentials, including being LNG ready and offering unparalleled flexibility, we envisage CLdN is poised to commence delivery of their ambitions,” the spokesperson added.The second 8,000 lane meter vessel under the order is sceduled to join its owner this year.In September 2015, CLdN Ro-Ro unveiled its expansion program, looking to order up to 12 new vessels, of which six have been confirmed until now.In March 2016, the firm ordered two RoRo vessels from Croatian shipbuilder Uljanik, with an option for further four. Two additional 5,400 lane meter vessels were ordered from Hyundai Heavy Industries (HHI), with options for a further four of the same class, in February 2017.CLdN operates 24 RoRo vessels, offering sailings between the ports of Zeebrugge, Rotterdam, London, Killingholme, Dublin, Gothenburg, Esbjerg, Hirtshals, Santander and Porto.last_img read more

Maersks NineMonth Profit Hit by Energy Division Sales

first_imgzoom Danish conglomerate A.P. Moller – Maersk posted a nine-month loss USD 1.6 billion, sinking into the red from last year’s profit of USD 780 million.The group’s loss includes the impact from discontinued operations and was primarily related to post-tax impairments of net USD 2.8 billion in Maersk Drilling, APM Terminals and Maersk Tankers countered by an increase in Maersk Line profit of USD 723 million.Moller Maersk’s underlying profit for the period came at USD 270 million, against a loss of USD 245 million, mainly driven by an increase in Maersk Line of USD 687 million.In the third quarter, the net loss including discontinued operations of USD 1.5 billion was negatively impacted by an accounting impairment of USD 1.75 billion in Maersk Drilling and impairments of USD 374 million in APM Terminals. The result from continuing operations was a loss of USD 120 million, widening further from last year’s loss of USD 30 million, with a decrease in APM Terminals of USD 398 million countered by an increase in Maersk Line of USD 336 million.In Q3, the underlying profit was USD 248 million, with an improvement of USD 290 million in Transport & Logistics and a decline of USD 15 million in Energy.“I am pleased with the agreements reached in Q3 for Total S.A. to acquire Mærsk Olie og Gas A/S and A.P. Møller Holding A/S to acquire Maersk Tankers A/S, which indicates a solid progress in the separation of the Energy businesses. Whilst solutions for Maersk Drilling and Maersk Supply Service remain to be defined before the end of 2018, the future Maersk will leverage even further its position of strength within Transport & Logistics.The revenue in Transport & Logistics increased with 14% and was mainly driven by higher revenue in Maersk Line,”  Søren Skou, CEO of A.P. Møller – Mærsk A/S said.Furthermore, Maersk Group announced that the Salling Companies will acquire the remaining 19% shares in the Dansk Supermarked Group, cashing in over USD 860 million from the sale.The group now expects a positive underlying profit for 2017 against a loss of USD 546 million. As informed, the group’s Transport & Logistics arm now expects an underlying profit of around USD 1 billion and an improvement in Maersk Line of around USD 1 billion compared to 2016.last_img read more

Panama Canal Ups Neopanamax Reservations to Seven

first_imgzoom The Panama Canal will increase the number of daily booking slots available for Neopanamax vessels from six to seven effective December 1, 2017.With this measure, the Panama Canal said that it is embracing the additional capacity allowed for by the new, larger locks. The seven daily booking slots for Neopanamax vessels are offered in addition to the 23 slots available each day for transit through the Panamax locks.“This increase is the direct result of our efficient, streamlined use of resources and effective collaboration as we meet the growing demand for transits through the Expanded Canal,” Jorge L. Quijano, Panama Canal Administrator, said.The additional slot is now available for ships transiting northbound, from the Pacific Ocean to the Atlantic Ocean, and was first offered beginning September 26 through a special competition in the first booking period in adherence to Panama Canal regulations.Container vessels will have preference over other vessel types when allocating these additional slots, the Panama Canal said. If no container vessels are interested, the slot will be awarded to any vessel that participated in the special competition, based on the Panama Canal Customer Ranking. After the special competition, the slots will be available to all vessels on a first-come, first-served basis.The Neopanamax Locks can transit additional ships beyond the number of daily slots allotted. The Expanded Canal transited a record 10 Neopanamax ships on November 17. The canal’s daily performance far exceeds the three to four daily transits originally expected.The Panama Canal informed that it will continue to explore ways to expand its capacity, working toward the goal of offering eight Neopanamax reservation slots by the end of the first quarter of 2018 and gradually implementing additional measures to increase capacity through 2019.last_img read more

Wagenborg Orders Second EasyMax Handysize

first_imgzoomImage Courtesy: Royal Niestern Sander/Flying Focus Dutch shipowner and operator Wagenborg has ordered a second EasyMax type carrier from compatriot builder Royal Niestern Sander.The new vessel is scheduled to start construction soon, according to an announcement from Royal Niestern Sander.The open-top, ice-classed vessel will be a future sister ship to the Egbert Wagenborg, which started operations in 2017.Developed by Wagenborg and Niestern Sander, the 149-meter-long EasyMax concept is a Handysize multi-purpose vessel with a load capacity of 14,000 tons and a hold capacity of 625,000 cft.Egbert Wagenborg is also the largest vessel ever built by Royal Niestern Sander shipyard.Thanks to its low resistance due to optimal hull shape, the vessel consumes 9 tonnes of fuel a day at 11 knots, according to Wagenborg.last_img

Le Bluenose II prendra la tête du défilé

first_img AUX FINS DE DIFFUSION: C’est le Bluenose II qui sera en tête du défilé lors du festival des Grands voiliers cet été. Plus de 40 navires sont attendus à Halifax dans le cadre de la course des Grands voiliers 2004 – Hommage à l’Acadie, qui se tiendra du 29 juillet au 2 août. Le comité des Grands voiliers a choisi la goélette provinciale comme navire de tête du défilé des Grands voiliers qui se tiendra dans le port d’Halifax. Le défilé débutera à 14 h le lundi 2 août 2004. Eric Thomson, président de la Waterfront Development Corporation, affirme que le Bluenose II était le choix tout indiqué pour le comité des Grands voiliers parce qu’il est au nombre des symboles les plus célèbres et les plus précieux de la Nouvelle-Écosse. -30- Renseignements: Mike Patrick Les Grands voiliers 2004 902-424-7348 Courriel: patricmb@gov.ns.ca LES GRANDS VOILIERS 2004–Le Bluenose II prendra la tête dudéfilé C’est le Bluenose II de la Nouvelle-Écosse qui sera en tête dudéfilé lors du festival des Grands voiliers cet été. Plus de 40 navires sont attendus à Halifax dans le cadre de lacourse des Grands voiliers 2004 – Hommage à l’Acadie, qui setiendra du 29 juillet au 2 août. Eric Thomson, président de laWaterfront Development Corporation, a annoncé aujourd’hui, le 5juillet, que le comité des Grands voiliers a choisi la goéletteprovinciale comme navire de tête du défilé des Grands voiliersqui se tiendra dans le port d’Halifax la dernière journée dufestival. Le défilé débutera à 14 h le lundi 2 août 2004. “Les Néo-Écossais devraient être très fiers de voir leur propregrand voilier ouvrir la voie devant d’aussi impressionnantsnavires, a dit M. Thomson. Le Bluenose II était le choix toutindiqué pour le comité des Grands voiliers. En effet, ce navireest au nombre des symboles les plus célèbres et les plus précieuxde la Nouvelle-Écosse.” Le Bluenose II sera amarré au quai du Musée maritime del’Atlantique pour toute la durée des activités. Comme la plupartdes navires, il sera ouvert au public du 29 juillet au 1er août,de 10 h à 17 h. Les gens auront ainsi l’occasion de visiter lenavire et de s’entretenir avec des membres de l’équipage. Cette année, on a modifié le parcours du défilé des Grandsvoiliers. Les navires longeront la côte de Dartmouth en directiondu nord et passeront devant le NCSM Athabaskan. Des voiliers des États-Unis, du Mexique, de la Roumanie, duRoyaume-Uni, des Pays-Bas, des îles Cook, de la Pologne et duCanada mouilleront le long du front de mer, à partir du quai desGrands voiliers jusqu’à l’hôtel Casino Nova Scotia. L’activité decinq jours sur le front de mer de Halifax devrait attirer plus de700 000 personnes. Les Grands voiliers 2004 promet d’être la plus importantemanifestation qui se tiendra à Halifax cet été, sans compter quele festival acadien Grou Tyme, mettant en vedette des artistes decalibre mondial du Canada atlantique, de la Louisiane, de laFrance et du Québec, se déroule au cours de cette même fin desemaine. Vous pouvez consulter la liste complète des artistesainsi que le programme des activités à l’adressewww.groutyme.com. Au nombre des festivités figurent également lesactivités de la Fête de la fondation, mettant en valeur desartistes multiculturels et traditionnels de la ville et de lacôte est. Pour obtenir des renseignements additionnels sur Les GrandsVoiliers 2004, consultez les sites Web suivants:www.novascotia.com/tallships et www.cbc.ca/tallships2004 . La Waterfront Development Corporation présente Les GrandsVoiliers 2004 – Hommage à l’Acadie. L’activité est parrainée parla province, la Municipalité régionale d’Halifax, le festivalacadien Grou Tyme, Aliant, la Société des loteries del’Atlantique, Alexander Keith’s, Sobey’s, Ford, Casino NovaScotia, Captain Morgan, le journal The Chronicle Herald, McCain,Pepsi, Trade Centre Limited, CanJet, l’Administration portuairede Halifax, Bishop’s Landing, Atlantic Photo Supply, PellerEstates et Ombrelle. La CBC est aussi un commanditaire ainsi quele diffuseur-hôte.last_img read more

Funding Formula Review to Benefit Students School

first_img To ensure no school board will receive a funding reduction in 2005-06, school board funding will be distributed on the same basis as 2004-05,; School boards that would receive increased funding under the report’s recommendations will receive 50 per cent of that increase as an additional allocation starting in 2005-06. This amounts to $2 million shared among the Cape Breton-Victoria, Halifax, South Shore and Tri-County school boards and Conseil scolaire acadien provincial. EDUCATION–Funding Formula Review to Benefit Students, SchoolBoards Students and school boards will benefit from a review of theschool board funding formula said Education Minister Jamie Muir,after an independent report on school board funding was presentedby its author today, March 29. Mr. Muir said that staff from the Department of Education willmeet with school boards before finalizing a new approach tofunding. “My priority is to continue to ensure students across theprovince have equal opportunity to receive a quality education,”said Mr. Muir. “That’s why we’re working with school boards tofinalize a funding formula that is fair, transparent andequitable to all students.” Bill Hogg, former provincial deputy minister of finance,presented the proposed new funding formula framework to schoolboards, the Nova Scotia School Boards Association andrepresentatives of the Nova Scotia Teachers Union today. Mr. Hogg’s job was to recommend to the Department of Education afunding formula that is fair and transparent to school boards andthe public. School boards, the Nova Scotia School BoardAssociation and other education partners had an opportunity tocomment on Mr. Hogg’s preliminary report before it was submittedto the department. “As pleased as we are with Mr Hogg’s work, we are not in aposition today to accept his proposal,” said Mr. Muir. “We mustfirst discuss the proposal in depth with each school board. Theirinput is critical to ensure a new funding formula reflects thedifferent cost pressures across the province and other factors,including geography and the rate of enrolment decline.” The proposed funding formula framework indicates that there needsto be a change in how education dollars are distributed. Inresponse, the Department of Education will start to addressequity differences in 2005-06 while it reviews the proposedformula with school boards. In the interim:center_img Mr. Hogg will join officials from the Department of Educationwhen they meet with the school boards beginning in May 2005.last_img read more