Maritime Vessels Directory

- Atlantic Gulf & Pacific Company (AG&P) said on Monday its Philippines subsidiary has received the green light to develop a liquefied natural gas (LNG) import and regasification terminal in Batangas Bay, south of Manila.The firm, part owned by Osaka Gas and the Japan Bank for International Cooperation, said the Philippines' energy department has issued it a notice to proceed to develop the terminal, known as Philippines LNG, which will provide the fuel to power plant, industrial and commercial customers and other consumers.

Damen Launches Financial Services Division

2 days ago

As of April 1, 2021, Damen Shipyards Group will start a specialized Financial Services division to support clients in the financing of new ships by means of both operational and financial lease constructions.In itself it is not new that Damen assists its clients in attracting financing for new ships. This has been happening for 30 years, the company said. “However, the demand for lease solutions is increasing,” explained Jan Willem van Helden, managing director of Damen Financial Services.

Handysize 38kt Time Charter Average FFA is 'Perfect Timing'

2 days ago

Forward freight agreement (FFA) trades for a basket of 38,000-dwt handysize time charter rates will help operators take longer-term cover with less risk, says shipbroker Simpson Spence Young.Following an ever-strengthening charter market, SGX have confirmed a launch date for the new offering as April 19, 2021, with EEX aiming for early May pending regulatory approval. Both exchanges are keen to promote clearing of the new contract.The handysize futures market was previously based on the Baltic Exchange's old 28,000-dwt benchmark and the Baltic Exchange launched its benchmarks for 38,000-dwt handysizes in March 2018.

Life Raft from Missing Fishing Vessel Found off Scotland

2 days ago

A life raft has been recovered from the fishing vessel Nicola Faith, which went missing with three aboard off the coast of Colwyn Bay, Wales on January 27.The raft was found off the coast of Kirkcudbrightshire, Scotland by HM Coastguard and has been positively identified by the Marine Accident Investigation Branch (MAIB) as being from the Nicola Faith. The next of kin have been informed of this development.The raft will be transported to the MAIB in Southampton for further investigation and analysis while the investigation into the causes and circumstances surrounding the vessel’s loss is ongoing.Meanwhile, a MAIB-led search for the vessel is continuing.

New Pandemic Response Guidance for Maritime SAR Organizations

2 days ago

New manual provides vital recommendations for operational planning and response in health emergenciesThe International Maritime Rescue Federation (IMRF), supported by Lloyd’s Register Foundation, has launched comprehensive guidance for anyone working in search and rescue, on how to ensure that SAR operations can continue safely in the face of challenges posed not only by COVID-19, but also by any future health emergencies.The Pandemic Response Guidance will support SAR providers in improving their level of preparedness for any forthcoming pandemics and enhances initial materials produced by IMRF members in early 2020, in response to the emerging COVID-19 pandemic.

Maritime Reporter and Engineering News (February 2021)

Government Shipbuilding