Wednesday, March 18, 2009

Dubai Maritime City Environment Forum

Dubai Maritime City Authority launched its series of industry forums with the first covering shipping and the environment, focused on the recent changes to regulation that the industry is witnessing on discharges by vessels trading in territorial waters around the world.

Commercial ship owners trading in some countries waters now need a permit to discharge grey water, ballast water and all other discharges incidental to the operation of the vessel. The forum, which was hosted by the Environmental, Health, Safety and Security (EHSS) department at DMC Authority, comes as confirmation of the growing role of DMC Authority in monitoring and addressing the needs of the maritime industry in Dubai. The forum was divided into three sessions, each of which covered a different aspect of the issue. The first session was presented by Elaine Heldewier, the Environmental Director and Designated Person ashore for environmental issues for Carnival Cruise Line – the largest cruise line in the world, who presented attendees with a practical implementation program to address the required changes on their vessels. The final session was on ISO14001/Corporate Social Responsibility and how it makes good business sense, which was presented by a speaker from Det Norske Veritas (DNV), Dr. Vijay Rao, DNV’s Lead Auditor and Trainer for the Middle East for corporate sustainability and strategy.
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Qatargas, Shell sign LNG logistics agreement

Qatargas and Shell signed a memorandum of understanding (MOU) that will lead to the two companies jointly researching liquefied natural gas (LNG) logistics.

Through this joint logistics research collaboration, Qatargas and Shell aim to develop new ways to optimize supply chains to deliver to LNG global markets. The research will be conducted at the Qatar Shell Research & Technology Centre at the Qatar Science & Technology Park. The MOU was signed by Faisal Al Suwaidi, chairman and chief executive officer of Qatargas Operating Company, and Andy Brown, managing director of Pearl GTL and Qatar Shell Country Chairman. Also present at the signing was Ahmed Al Khulaifi, chief operating officer, Commercial & Shipping at Qatargas and Wael Sawan, vice president New Business Development of Qatar Shell. This research partnership we hope will develop and enhance our logistics and supply chain capabilities to allow Qatargas to deliver energy to our customers in the most effective and efficient manner possible as we grow and expand into almost every LNG market." Brown said: "Qatargas is set to become the world's premier LNG producer, and Shell is a pioneer in LNG spanning five decades. Therefore, it is of significant importance that Shell and Qatargas work together on this research topic to optimize LNG supply chains in the ever-more complex LNG markets. Shell is a shareholder in the Qatargas 4 LNG project currently under construction in Ras Laffan Industrial City.
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Technical launch of 'Costa Deliziosa'

Italy: Costa Cruises and Fincantieri have hosted a ceremony for the technical launch of the ‘Costa Deliziosa’ at the Marghera yard.

The ‘Costa Deliziosa’, the 15th ship of Costa’s fleet with a total tonnage of 92,700DWT and a capacity of 2,828 passengers, is scheduled to be delivered at the end of January 2010, after completing the interior fitting out operations. Along with her sister ship, the ‘Costa Luminosa’, she will be the fleet’s flagship. The ‘Costa Deliziosa’s’ technical launch ceremony was carried out according to seafaring tradition. The launch ended with the welding of a coin at the base as a traditional gesture of good luck. The ‘Costa Deliziosa’ will be the third new Costa ship delivered by the Fincantieri group of yards in less than one year. The ‘Costa Luminosa’, also built at Marghera, will be delivered at the end of April 2009, while the ‘Costa Pacifica’, built at the Genova-Sestri Ponente yards, will be delivered at the end of May 2009.
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EXIM to grant 4trillion won loan to Korean shipbuilders

Seoul: The Export-Import Bank of Korea has decided to loan 4 trillion won of funds in a form of a network loan this year to roughly 5,000 collaborative companies supplying to middle- and large-sized shipbuilders.

President Kim Dong-soo of EXIM Bank on this day compromised such a business contract in Busan with representatives from around ten middle- and large-sized shipbuilders including Hyundai Heavy Industries. Under a network loan system, shipbuilders are recorded as debtors, but actual loan funds are provided to small- and medium-sized cooperative firms. If collaborative firm A supplies raw materials to shipbuilder B, EXIM Bank will grant supply payments to collaborative firm A, but shipbuilder B will be logged as a borrower in an account book. President Kim said: “With an immediate payment settlement by EXIM Bank in replacement of debtors including conglomerates in the near future, cash-strapped cooperative companies are predicted to breathe easier.”
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