DP World Completes Acquisition of Fraser Surrey Docks (FSD)

DP World Completes Acquisition of Fraser Surrey Docks (FSD)

DP World has completed its acquisition of Fraser Surrey Docks (FSD) in British Columbia through its Canadian subsidiary, DP World Canada Investment, from Macquarie Infrastructure Partners. Dubai-based DP World, which also operates terminals within Vancouver harbor and at Prince Rupert, announced it would acquire FSD last year (see Pacific Maritime Magazine, July 2019). The facility has more than 1,200 meters of berthing and 189 acres of yard area on the Fraser River and has been handling grain, steel, containers and project cargoes.
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Development of Kamchatka LNG Transshipment Terminal

Development of Kamchatka LNG Transshipment Terminal

Russia’s Glavgosexpertiza has approved design documentation and engineering survey findings covering construction of a new LNG transshipment facility in the country’s Kamchatka Territory. The terminal is intended to handle the transshipment of LNG from the Yamal peninsula gas fields in the Gulf of Ob from ice-class gas carriers onto non-ice-class tankers for onward delivery to destinations in the Asia-Pacific Region. The design documentation foresees five phases of construction and development of the facility, which will be built in Bechevinskaya Bay approximately 100 kilometers from Petropavlovsk-Kamchatsky. Upon first-phase completion the terminal will have an annual handling capacity of 11 million tons…
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Port of Savannah Expansion

Port of Savannah Expansion

The Georgia Ports Authority (GPA) has acquired 145 acres of additional land in order to expand cargo handling capacity at the Port of Savannah. The acquisition comes as work to allow the port’s Garden City Terminal to serve three 14,000-TEU vessels simultaneously has been completed. Additional construction, to be completed by 2023, will add an additional big ship berth to the facility as part of a larger blueprint to increase the GPA’s capacity to nine million TEUs by 2030. This will also see Savannah’s Ocean Terminal partially converted to handle containers by the construction of a new truck gate and…
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MSC Cruises Orders Two More

MSC Cruises Orders Two More

MSC Cruises has ordered an additional two LNG-powered World-class cruise ships from French builder Chantiers de l’Atlantique with each 205,700-gt vessel to have a maximum capacity of 6,761 passengers, making them the world’s largest cruise ships in terms of year-around maximum passenger capacity.
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SM Line to Partner with MSC and Maersk in Transpacific

SM Line to Partner with MSC and Maersk in Transpacific

South Korea’s SM Line is to partner with MSC and Maersk in the 2M alliance Pacific trades following the withdrawal of Hyundai Merchant Marine, now a partner in THE Alliance. The new cooperation agreement with SM Line covers six transpacific services in the form slot exchanges and slot purchases between the three carriers.
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Algoma Reaches Agreement With 3Maj Yard

Algoma Reaches Agreement With 3Maj Yard

Canada’s Algoma Central Corporation, which operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Waterway, has reached an agreement with Croatia’s 3Maj shipyard under which Algoma will acquire a new Equinox Class 650-foot self-unloading bulk carrier from the yard after the ship is completed in the third quarter of this year. The vessel in question is one of two ordered by Algoma but left only partially completed when the 3Maj yard entered an extended period of financial difficulties in 2017. The first ship of the series, Algoma Innovator, was delivered last…
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New Polar Cruise Ship for Seattle-Based Company

New Polar Cruise Ship for Seattle-Based Company

Croatia’s Brodosplit shipyard has confirmed that it is continuing construction of a new polar expedition cruise ship for Seattle-based Quark Expeditions, with the 128-meter by 21.5-meter Ultramarine expected to be delivered later this year. The 13,500-gt vessel will be able to accommodate up to 200 passengers and will feature a wide array of adventure options, including helicopters, kayaks and Zodiacs.
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Rand Logistics  Acquiring ASC Fleet

Rand Logistics Acquiring ASC Fleet

Chicago, Illinois-headquartered GATX Corporation has entered into a stock purchase agreement for the sale of its American Steamship Company (ASC) business to New Jersey-based Rand Logistics for a purchase price of $260 million. The 12-ship ASC fleet, the largest under the US-flag trading on the Great Lakes, consists of self-unloading vessels that range in length from 635-feet to 1,000-feet. The transaction is subject to customary closing conditions and regulatory approvals.
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Tug Salvaged on Columbia River

Tug Salvaged on Columbia River

The 38ft tugboat Nova, owned by HME Construction, was barged to Vancouver, Washington for inspection and repairs after being lifted from the water by a heavy crane in late February. The boat had capsized approximately 10 miles upriver of the McNary Dam on Feb 23 after strong winds blew it from its mornings. It had an estimated 750 gallons of diesel fuel and about 50 gallons of oil on board when it went down but the Oregon Department of Environmental Quality said that 400 feet of boom, along with absorbent pads, were used to control pollution.
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World’s Largest LNG Bunkering Tanker

World’s Largest LNG Bunkering Tanker

China’s Hudong-Zhonghua Shipbuilding plans to deliver the 18,600 cubic meter-capacity LNG bunkering tanker Gas Agility to Japan’s Mitsui O.S.K. Lines within the second quarter of this year as the world’s largest vessel of its type. To be operated for French energy supplier Total, the 135.5-meter-long ship will be positioned in Northern Europe where it will supply LNG to CMA CGM’s nine ultra large container vessels (ULCVs) for a period of at least ten years. It is to be followed by a second identical bunkering tanker ordered at the Hudong-Zhonghua facility in December, also to be owned by MOL and operated…
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