World Maritime News
Sinopec taps Zhejiang Energy Group for fourth LNG terminal
Sinopec is working with Zhejiang Energy Group Co. to develop its fourth LNG terminal in eastern China. Costs for the project, which is due to start up in 2021, are estimated at USD 1.3 billion. A joint venture entity, Zhejiang Zheneng Wenzhou LNG Company Limited, will be engaged in the construction and operation of LNG receiving terminal facilities, as well as the provision of supplies to LNG vessels and tugs.
Hong Kong seeks to lure maritime industry experts
Hong Kong government has released a talent list of professions that are eligible to receive bonus marks when experts in these areas apply for the city’s so-called Naval architects, marine engineers, marine insurance professionals, vessel superintendents and cyber security experts are among 11 specialist roles Hong Kong is seeking to attract through a favorable immigration policy.
China strengthen Yangtze River ECA
Several key ports at China’s Yangtze River Delta have decided to tighten shipping emission controls from October 1, 2018, three months ahead of the nationwide deadlines. Shanghai, Ningbo-Zhoushan, Suzhou and Nantong will apply at a 0.5% sulphur cap on vessels entering their ports according to announcement made by their respective port authorities.
Maersk takes Twill into the fold
Maersk Group is changing the brand affiliation of its digital freight forwarding business as it seeks to further integrate its carrier and logistics operations. Twill, which was launched in April 2017, was created as a “Damco innovation” and operated as a partner of Maersk’s logistics business. But Twill will now be identified as a Maersk business. With Twill, Maersk are offering small-and medium-sized companies a simple and easy way of shipping their goods, providing them with better control of their supply chains, according to its chief commercial officer.
Hutchison invests in Chinese ocean-rail corridor
Hutchison Port Holdings Trust’s logistics arms has pledged to establish a transport corridor linking Hong Kong to the Chinese interior. The move is being planned in support of China’s so-called Belt and Road Initiative. Hutchison Logistics has signed a Framework Agreement with CCI Eurasia Land Bridge Logistics Development. The project will see the co-development of a diversified range of services and facilities including Hong Kong – Chongqing Ocean-Rail Intermodal Corridor and Hong Kong International Cargo Distribution Center.
Bureau Veritas keeps supporting LNG
Bureau Veritas said LNG offers the best chance for shipping to switch to a low-carbon future.
BV regional chief executive for Central Europe said its overall environmental merit, which also includes a reduction in particle emissions, makes it the supreme option at the moment and the strongest incentive for the development of cleaner fuels. BV has a 32 % market share of LNG-fueled vessels on order, including CMA CGM’s 22,000 teu containerships, and 24% of those are in service.