571 busan


The South Korean Government announced plans for investments in 12 ports across the country. The expansion plans include the development of Busan as a mega-port, and the expansion of cargo handling capacity of the ports. The overall investment will reach the cost of 41.8 trillion ($35.2 billion). Specifically, the Korean government will inject KRW16.03trn directly and the remaining KRW25.77trn will be raised from the private sector. Busan port infrastructure will see 21 new berths, capable of accommodating 25,000-teu containerships. Cargo handling capacity at the 12 ports will increase to 1.85bn tonnes by 2040 from 1.32bn tonnes in 2017, and container handling capacity will increase to 48.73m teus from 27.17m teus in 2017. Also on in plans are two additional ports. One will be on the southern island of Jeju which will be developed as a cruise port, and another at Donghae on the east coast, which will handle cargo. 

571 Geospock


The Baltic Exchange is partnering with a spatial big data company, GeoSpock, to create a platform with a focus on shipping emissions. They are seeking to develop an intelligent database that captures data on every measurable aspect of the shipping industry. This includes metadata such as location, weather, emissions, fuel usage, journey routes and times. Using this information, companies will be able to analyse and optimise shipping on a global scale, while providing regulators and governments with an increased level of transparency.



Friday, 02 August 2019 14:13

Ships Pass Dual-Fuel Methanol Milestone

571 Duel Fuel


Swedish ship-management company, Marinvest, has announced that the Mari Jone and Mari Boyle, the first vessels powered by dual-fuel ME-LGI (-Liquid Gas Injection Methanol) engines operating on methanol have completed 10,000 operating hours. The company reports that its combined ME-LGI-powered fleet has passed a cumulative total of 50,000 operating hours on methanol. The two methanol tankers are managed on time charters for Waterfront Shipping and operate globally, providing an uninterrupted flow of methanol.



571 OOCL


Orient Overseas Container Line (OOCL) is stepping up its inspection of containers in a move to clamp down on the transportation of dangerous and hazardous cargo. Concerns with un-declared and/or mis-declared hazardous cargo are driving efforts to strengthen its Dangerous Cargo acceptance and container inspection policy by imposing additional verification before loading through selective or random inspections.



571 Germany


Water levels on the Rhine in Germany are rising after rain this week and shipping has returned to normal. Shallow water had hampered sailings since late July and rain over the past few days has enabled vessels to take on full loads. Shallow water saw shippers impose surcharges on freight rates, increasing costs for cargo owners. The Rhine is an important shipping route for commodities including grains, minerals, coal, chemicals and oil products including heating oil.



Friday, 02 August 2019 14:09

K Line fined for involvement in cartel

571 klineauto


K Line was convicted by the Federal Court of Australia today for being in a criminal cartel and fined A$34.5 million (US$23.4 million). K Line pleaded guilty last year to being involved in a global conspiracy with numerous other ocean shipping companies to protect market share and fix ocean freight rates for the transportation of cars, trucks, and buses to Australia between 2009 and 2012.  In 2017, Nippon Yusen Kabushiki Kaisha was convicted by the court and fined A$25 million ($20 million) for its part in the activity.



Friday, 26 July 2019 12:32

FortisBC secures 2-year agreement

590 tilbury

FortisBC Energy has signed a two-year agreement with China's Top Speed Energy Corp for 53,000 tonnes of LNG to be shipped from its Tilbury facility by summer 20201. FortisBC's recently completed $400-million expansion project took capacity from about 35,000 to 250,000 tonnes per year, allowing a facility that had been used mainly for natural gas storage to become a commercial LNG production plant. The FortisBC shipments to China are to be delivered in 60 specialized shipping containers per week.  The company has been selling small shipments of LNG in China on a spot basis since 2017.

570 Port of Churchill


Canada’s arctic port of Churchill is due to start up its first grain shipments since 2015 after a group backed by investor Prem Watsa stepped in last year to buy the facility and a related rail line linking the northern town with the rest of Manitoba. The relaunch of the 88-year-old ports grain shipments will reduce the shipping time to deliver grains to Europe and the Middle East across the Atlantic Ocean by several days. Arctic Gateway will be targeting durum, wheat, canola and lentil and pea crops from Manitoba and Saskatchewan for shipment to Europe, North Africa and the Middle East, with shipments running until early November, pending agreeable weather. Additionally, Arctic Gateway is looking at shipping other commodities out of the port including forestry products, mineral concentrates, fracking sand and potash.


570 Richmond


This week Richmond City Council narrowly approved the permits that would give the Vancouver Airport Fuel Facilities Corporation access to the right-of-way need to upgrade the 52 year-old pipeline that currently runs from Westridge terminals through north Richmond.  This approval along with the servicing agreement for a marine off-loading terminal are last piece of the puzzle for the proposed jet fuel facilty that would service Vancouver airport.  The airport currently gets 80 per cent of its fuel from the existing pipeline and 20 per cent from tanker truck deliveries. Without the upgrade to the pipeline another 70 truck deliveries per day of fuel would be needed during peak times to keep up with the growing demand at the airport.   

570 Richmond Maritime Festival


The Richmond Maritime Festival is taking place this Saturday and Sunday, July 27 and 28 at the Britannia Shipyards and Imperial Landing. The docks will be lined with a gathering of wooden boats from up and down the Pacific coast, open for boarding and viewing. On land, local musicians and roving performers will be interspersed with the activities. This year, the Festival will be bookended by a high-seas adventure, the Sunset Battle of the Tall Ships. Featuring booming cannons, close-quarters manoeuvres and a taste of 18th century life aboard tall ships.



Transport Canada logo


The following communities will receive a portion of the $1,273,045 provided to assess and remove abandoned boats under Transport Canada’s Abandoned Boats Program:

  • Forrest Marine Limited (Burnaby, B.C.) – removal of one boat in the Fraser River ($8,220)
  • 1184550 BC Ltd (Mission, B.C.) – assessment and removal of 15 boats in the Fraser River ($825,000)
  • Salish Sea Industrial Services (Victoria, B.C.) – removal of 16 boats in Victoria Harbour ($364,150)
  • Pender Harbour and Area Residents Association (Madeira Park, B.C.) – removal of two boats in Gerrans Bay ($75,675).

These announcements come on the eve of the coming-into-force of the Wrecked, Abandoned or Hazardous Vessels Act, on July 30, 2019, which will make it illegal to abandon boats and increase vessel owner liability, and strengthen the Government’s response in cases where owners do not behave responsibly in disposing of their vessels at the end of their useful life.



570 North Atlantic Right Whale


On July 8th Transport Canada expanded the slowdown zone where vessels are required to travel at 10 knots through the season where North Atlantic Right Whales are present. Mandatory speed restrictions were expanded to include any vessel over 13 metres long operating in areas of the Gulf of St. Lawrence. Transport Canada has fined three vessels for alleged non-compliance of a temporary mandatory speed restriction. Vessels have been assessed penalties of up $7,800 CAD.



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