Connect with us
>

Maritime

Tanker Damages Dock at Ploce Port, Croatia

Published

on

…As Dorian LPG Invests in Scrubbers, Continues to Evaluate BW LPG’s Offer***

A tanker loaded with oil rammed into a dock in the Croatian Port of Ploce, causing significant damage that left the port’s liquid cargo terminal inoperable.

According to local media, the tanker smashed into the dock causing a portion of the quay wall and the unloading infrastructure to fall into the sea and sink.

The vessel in question has been identified as STI Poplar, a Marshall Islands-flagged oil/chemical tanker built in 2014.

Based on the vessel’s latest AIS data from Marine Traffic, it is anchored in the Croatian port, where it arrived from Sarroch, Italy on August 8.

The port authority said that due to the damages inflicted by the collision it has banned utilization of the docking facility.

It is not clear when the terminal will resume operation, however, the authority said it was taking all necessary activities to avoid further damages being inflicted and reopen the docking facility as soon as possible.

The cause of the accident is yet to be determined, however, several causes are being investigated including the role of pilots, tugs that were pulling the vessel into the dock as well as the vessel’s captain and crew.

Since the unloading facility has been closed, oil supply across Dalmatia is likely to be affected, taking into account that other vessels will also have to wait for a solution to be made to unload oil.

World Maritime News is yet to receive a comment from the port authority on how many vessels are pending unloading and what alternatives are being considered for their unloading.

In the meantime, Dorian LPG has hired scrubber manufacturer K Marine for the delivery of seven hybrid exhaust gas cleaning systems (scrubbers).

The investment has been revealed by John Lycouris, Chief Executive Officer, Dorian LPG (USA), in the company’s conference call on the second quarter results.

The scrubbers will be installed during 2019, ahead of the implementation of the 2020 sulphur cap.

Since its fleet of ECO vessels was ordered in 2013, the ships had incorporated features to accommodate future  scrubber retrofits and/or engine updates for LPG as fuel.

According to Lycouris, as such, the company expects the fleet to benefit from lower retrofit costs and faster retrofit installation turnaround.

“The company expects the project costs to reach approximately USD 20 million for the supply and installation of these scrubber systems,” Lycouris said, adding that the company’s project on implementing LPG as fuel is closer to realization.

Namely, the company plans to upgrade its vessels with MAN’s dual fuel ME-LGIP engines. The first commercial utilization of the engines on board Dorian’s ships is set for 2020.

To fast track the project the company has engaged with M&N Energy Solutions from Copenhagen, the manufacturers of all main engines of Dorian LPG’s ECO fleet vessels.

Separately, John Hadjipateras, Chairman and Chief Executive Officer of Dorian LPG, said that the company continues to evaluate BW LPG’s proposal and all others opportunities to create value.

However, Hadjipateras refused to take questions on the process until further notice.

To remind, Singapore-based BW LPG increased its all-stock proposal to combine with gas carrier owner and operator Dorian LPG in July.

Under the proposal Dorian shareholders would receive 2.12 BW LPG shares for each Dorian share.

The revised proposal, represents a value of USD 8.67 per share of Dorian common stock based on BW LPG’s closing share price of NOK 32.86 on July 6, 2018.

The upping of the offer came after Dorian LPG rejected the takeover bid from BW LPG, unveiled on May 29.

Dorian LPG reported a net loss of USD 20.6 million for the three months ended June 30, 2018, compared to a net loss of  USD 6.7 million, for the same quarter last year.

“Following a series of transactions finalized during our first fiscal quarter, we have completed our refinancing plan with no debt refinancing requirements until 2022 and limited interest rate exposure,” Hadjipateras said.

“With the recent increase in freight rates, our modern fleet of ECO VLGCs should continue to earn a demonstrable premium, which we believe may become more pronounced following the implementation of new regulations to reduce sulphur emissions. With a de-risked balance sheet and a modern, fuel-efficient fleet, we feel well-positioned for any rate environment and the new world of International Maritime Organization regulations beginning in 2020.”

World Maritime News

Latest News

Zoe Maritime Roundtable Targets Improved Passenger Safety, Using Chinese Experience

Published

on

…Edodo-Emore refocuses Stakeholders’ attention on Security and new technologies in inland waterways

Significant progress will be achieved in the area boat -passenger safety amongst other gains, as Nigeria gets an infrequent opportunity to learn from the Chinese experience in improving general service delivery in-country.

The Chinese Consul-General in Nigeria, Madam Yan Yuqing, one of the key speakers at a Zoe Maritime Summit is expected, in addition to dissecting the topic of improving services delivery, to also offer, useful ideas and lessons on safe inland waterways operations in Nigeria.

Osun Assembly passes N138.2bn 2023 Budget 

Adegboyega Oyetola, the Minister of Marine and Blue Economy

The Summit promoter,  and CEO of Zoe Maritime Resources Ltd, Barr (Mrs) Oritsematosan Edodo-Emore told Maritime First that the discussion is designed to inland waterways operators the knowledge to better manage the sector, particularly, towards improving boat passenger safety.

 Consequently, a major highlight of the Summit is a presentation on the Chinese experience in the management of inland waterways.

The Barrister highlighted that with the theme: “Security and New Technologies in Inland Waterways Transportation”, the Zoe Resources Maritime Business Roundtable Breakfast Meeting h places at the Oriental Hotel, Victoria Island, Lagos should be a must-to-attend Summit. 

*Oritsematosan Edodo-Emore

Oritsematosan Edodo-Emore noted that prominent maritime personalities and revered industry players have confirmed readiness to grace the occasion.

Among these are the Minister of Marine and Blue Economy,. Adegboyega Oyetola is scheduled to unveil the Ministry’s focus and plans for Inland Waterways and Coastal Services, an intervention that has agitated the minds of inland waterway operators since his appointment last year.

Others are Mr. Oluwadamilola Emmanuel, General Manager, Lagos State Waterways Authority (LASWA); Mrs Oluseyi Oluyede, Managing Director, Niger Benue Transport Company Ltd (NBTC), and Rhoda Olofu, Assistant Inspector-General of Police (AIG), Marine Police Command.

*Mobereola

Industry technocrats, heads of security agencies and regulatory authorities expected to feature in panel discussions on the theme include the Managing Director of Nigerian Ports Authority (NPA), Mr. Mohammed Bello-Koko; Director- General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola and the Managing Director/CEO, National Inland Waterways Authority (NIWA), Alhaji Munirudeen Bola Oyebamiji.

Bello-Koko Lauds MWUN for Ensuring NPA Staff's Salary Increase

NPA Managing Director, Mohammed Bello-Koko

Also billed to participate in the breakfast summit are port users, heads of maritime desks of banks, government agencies and insurance companies. Others are ship owners, boat owners, boat captains, log byistic companies, barge operators and any other entity whose operations are inland waterway-based.

Freight forwarders, importers and oil and gas companies will also grace the occasion.

Foreign entities from maritime nations will also feature and make interventions especially as concerns experiences in their respective nations to enable Nigerians benefit from global inland waterways visibility, network, growth and exchange of knowledge.

Continue Reading

Maritime

CUSTOMS Q1: PTML Hits N66.9bn Revenue, Targets 2-Hour Clearing-Time for Vehicles

Published

on

…Warns that any uncovered infraction will lead to severe sanctions!

The Port Terminal Multi-services Limited (PTML) Command of Nigeria Customs Service has recorded N66,920,181,586.30 as total revenue for first quarter of 2024.

 The collected revenue is N22,198,965,809.55 higher than N44,721,215,776.75 collected between January and March 2023 representing a 49.6 percent increase. 

A press statement issued by the Public Relations Officer of the command, CSC Muhammad Yakubu, stated that Comptroller Saidu Abba Yusuf, Customs Area Controller of the command, described the increase in revenue collection as a laudable feat, adding that the command is more committed towards trade facilitation and as well as supporting government drive for ease of doing business. 

Comptroller Yusuf who thanked the Comptroller General of Customs, Bashir Adewale Adeniyi, MFR for initiating strategies to achieve faster cargo clearance, reiterated that PTML Command under his watch aims to surpass its record of three-hour cargo clearance for compliant traders. 

According to Yusuf, the launching of time release study (TRS) which is ongoing and other deliberate efforts by the Comptroller General have contributed in the expansion of terminal space and promoting ease of doing business in PTML. 

PTML Customs Command Achieves 19% Increase in Annual Revenue

The CAC also disclosed that the PTML command has the potential to achieve two-hour cargo clearance and surpass it’s existing three-hour record if port users’ compliance level is improved.

Comptroller Yusuf who described PTML as one of the safest and most secure environments for RoRo(Roll On Roll Off) and general cargoes also advised importers and their agents to take advantage of the incentives available for compliant traders such as fast track, advance ruling and possible migration to the Authorised Economic Operator (AEO) status. 

He reminded port users in PTML of the robust and time-conscious dispute resolution mechanism, which has contributed immensely to the revenue collection, trade facilitation and anti-smuggling functions of the command. 

While commending the various government and private sector stakeholders for their cooperation and support towards the realisation of the government goal of revenue collection and prevention of unlawful activities, Comptroller Yusuf expressed optimism that the command will surpass its annual target for the year. 

He described the importation of vehicles meant for Nigerian roads into neighbouring countries with the intent to smuggle them through unapproved roads into Nigeria as unpatriotic and an act of economic sabotage as the command has the capacity for seamless and efficient processing of such automobile cargoes. 

For the second quarter and first half of the year, the CAC enjoined officers of the command to maximally deploy available technology and rededicate themselves to the job to achieve more. You u

He reminded the port users that there is increased anti-smuggling vigilance to uncover concealment such as under declaration and smuggling of prohibited items. 

The CAC further added that any discovered infraction will lead to full evoking of the Nigeria Customs Service Act (NCSA), where there are spelt-out penalties.

Continue Reading

Maritime

EST-Floattech Delivers Octopus Battery Systems To Coastal Workboats For E-LUV, SPSS

Published

on

– Coastal Workboats, a renowned name in the maritime industry for its commitment to sustainability, will collaborate with EST-Floattech, a leading provider of energy storage solutions for the maritime sector. EST-Floattech will be providing the battery system for the purpose-built Electric-Landing Utility Vessel (E-LUV) to be built at Coastal Workboats’ new yard Stornoway and the Shore-based Power Supply System (SPSS).

The collaboration with Coastal Workboats Scotland marks a significant step towards lowering emissions in the UK’s maritime industry with EST-Floattechs technology. This collaboration is realized due to Coastal Workboats receiving a £6 million (€7 million) grant to demonstrate the UK’s first commercial electric workboat and charging station. This grant, provided by the Clean Maritime Demonstration Competition (CMDC), underscores the industry’s recognition of the pressing need for cleaner, greener maritime operations and will boost the usage of electric workboats in a commercial environment.

The vessel that will be built, the E-LUV, is set to be the UK’s first commercial electric workboat. This innovative vessel, a Ro-Ro and dry cargo transportation ferry, will be equipped with 2400 kWh of EST-Floattech’s Octopus High Energy battery system. The system will be placed as two independent battery systems on board, power a range of equipment, and be used for fully electric sailing. Starting for demonstration purposes in the Shetland Isles in a short trial, the E-LUV will be operating between West Burrafirth and Papa Stour. The route takes about 45 minutes, twice per day and five days per week while showcasing the capabilities of energy storage solutions in maritime applications.

Secondly, EST-Floattech will supply 1.200 kWh of the Octopus High Energy battery system, to be placed in a 20-foot container that will support the charging of Coastal Workboats’ E-LUV vessel. It is also possible to place the containerized energy storage solution on board as a range extender. We will be collaborating with MJR Power & Automation for the system integration and the entire system will be placed inside the container by Renew Marine Ltd.

Enhanced safety, less maintenance

The E-LUV will adhere to Bureau Veritas classification standards, ensuring top-notch safety and quality. The battery system will not only be safer, but it will also need less maintenance. This Ro-Ro and dry cargo transportation ferry is set to become a new standard for emission-free voyages. This contract is a significant achievement for Coastal Workboats, a small, family-run yard, and also for EST-Floattech.

Coastal Workboats’ Chief Engineering Manager Luke Parnell said: “Our attraction to the Octopus Series quite simply comes down to safety. EST-Floattech have produced a class-approved product that brings to market a level of safety unseen previously. In particular, the passive nature of the heat dissipation system represents a marked step forward in safety, particularly for an application in the marine environment. Given our primary concern is safety above all, the Octopus was the perfect choice for us.”

Jelle Meindertsma, Sales Manager at EST-Floattech, states, “We are proud to be contributing to lowering emissions in the maritime industry in the UK, working hand in hand with Coastal Workboats to bring sustainable, high-performance energy solutions to the forefront. Our collaboration on the E-LUV is a testament to our shared commitment towards a more environmentally responsible maritime future.”

This collaboration between Coastal Workboats and EST-Floattech marks a significant stride towards achieving the UK’s environmental targets and demonstrates the power of innovation in the maritime sector.

Clean Maritime Demonstration Competition

This project, the fully electric inter-island workboat demonstration project (including the E-LUV), is part of the Clean Maritime Demonstration Competition Round 3 (CMDC3), which was announced in September 2022, funded by UK Government and delivered in partnership with Innovate UK. As part of the CMDC3, the Department allocated £60m to 19 flagship projects supported by 92 UK organisations to deliver real world demonstration R&D projects in clean maritime solutions. Projects will take place in multiple locations around the UK from as far north as the Shetland Isles and as far south as Cornwall.

UK SHORE

The CMDC3 is part of the UK Shipping Office for Reducing Emission’s (UK SHORE) flagship multi-year CMDC programme. In March 2022, the Department announced the biggest government investment ever in the UK commercial maritime sector, allocating £206m to UK SHORE, a new division within the Department for Transport focused on decarbonising the maritime sector. UK SHORE is delivering a suite of interventions throughout 2022-2025 aimed at accelerating the design, manufacture and operation of UK-made clean maritime technologies and unlocking an industry-led transition to Net Zero.

Continue Reading

Advertisement

Editor’s Pick

Politics