The ship industry briefing
The latest news, views and numbers you need to know this month
News in Numbers
$2bn
New Fortress Energy and Apollo have announced the creation of a new $2bn liquefied natural gas maritime platform, called Energos Infrastructure.
$835m
Dry cargo and tanker vessel operator Navios Maritime Partners has agreed to acquire a 36-strong drybulk fleet from Navios Maritime Holdings for $835m.
$3.1bn
Israel-based ZIM Integrated Shipping Services has reported a net income of $3.1bn in the first half of the year, a 50% increase compared to $1.48bn in H1 2021.
$222.5m
Bermuda-based shipowning and chartering firm SFL has agreed to purchase four modern Suezmax tankers for an aggregate price of $222.5m.
$2.9bn
Keppel Shipyard has received a contract worth approximately $2.9bn from Brazilian national oil company Petroleo Brasileiro for a new floating production, storage and offloading vessel.
$18.6bn
German shipping and container transportation firm Hapag-Lloyd has reported a rise in revenues in the first half of 2022 to $18.6bn.
Projects
Maersk and Debo partner on bio-methanol project in China
Danish ship firm AP Moller-Maersk (Maersk) has entered into a letter of intent with bioenergy enterprise Debo for the development of a bio-methanol project in China.
Source: Ship Technology
NYK and partners finalise joint R&D agreement for ammonia barge
Four Japanese maritime players – Nippon Yūsen Kabushiki Kaisha Line, Nihon Shipyard, ClassNK, and IHI – have concluded a joint R&D agreement for a new ammonia floating storage and regasification barge.
Source: Ship Technology
Avenir LNG and Oxelösunds Hamn AB to construct LNG/BioLNG terminal
LNG and Oxelösunds Hamn AB have signed a memorandum of understanding to construct a liquefied natural gas (LNG) and BioLNG terminal in the Port of Oxelösund, Sweden.
Source: Ship Technology
India’s Deendayal Port Authority to invest $745m on capacity growth
Deendayal Port Authority has unveiled plans to invest $745m (Rs59.63bn) to build two mega cargo handling terminals.
Source: Ship Technology
Quotes
Unite general secretary, Sharon Graham, pledged to turn the union’s force on exposing CK Hutchison, the global company based in Hong Kong, which is the ultimate owner of Felixstowe Ports:
"Every single client, every investor, every decision maker at CK Hutchison is being looked into.
“I will be inviting the shareholders at CK Hutchison, the clients of CK Hutchison, the decision makers of CK Hutchison to meetings with me, to open the books on what is going on. The company refusal to settle the union claim is about corporate greed.
“The ultimate owner of CK Hutchison is Li-Ka Shing, Hong Kong’s richest businessman and the 32nd richest man in the world. All of the accounts of Li-Ka Shing are being looked into. All the tax havens in the Cayman Islands, are being investigated.”
“The company [Felixstowe Ports] is making an absolute fortune. it could pay 50 per cent more on your wages and still be in profit. We are asking for 10 per cent. What is the problem?
IMO Secretary-General Kitack Lim has welcomed the signing of an initiative to establish a humanitarian maritime corridor to allow ships to export critical cargoes of grain and foodstuffs from Ukraine.
"I am very pleased that all parties have reached agreement on the way forward for ships to safely transport much-needed grain and other commodities through the Black Sea.
"This agreement would not have been possible without the spirit of cooperation by the countries involved and the leadership shown by UN Secretary-General António Guterres in proposing this initiative.
"The safety of ships and seafarers remains my top priority. IMO instruments, including the International Ship and Port Facility Security Code, underpin this agreement for safe and secure shipping through the Black Sea. I commend the efforts of all involved, particularly the IMO Member States – Russian Federation, Türkiye and Ukraine."
