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Freeport LNG celebrates Train 2 startup

Freeport LNG has announced the start of commercial operations for the second liquefaction train, of its three train facility, with the commencement of gas deliveries from BP under its 20 year tolling agreement with Freeport.

Freeport LNG’s Train 1 began commercial operations in December 2019, with the commencement of Osaka Gas and JERA’s tolling agreements.

“We are thrilled to now be providing service to BP, in addition to Osaka Gas and JERA,” said Michael Smith, Founder, Chairman and CEO, Freeport LNG. “We are also especially pleased with the performance of our electric motor drive liquefaction units. Freeport’s electric drive motors not only reduce emissions by over 90% relative to other plants which use combustion turbines, they should also require less maintenance with less downtime. The performance test on Train 2 was completed in only 37 days after first gas was delivered to the liquefaction facilities, down from 107 days on Train 1. We are extremely plea…

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Ruling by London Tribunal Says Djibouti Acted Illegally

Doraleh Container Terminal

By The Maritime Executive 01-16-2020 05:08:03

DP World has won a further legal hearing against the Government of Djibouti over the Doraleh Container Terminal lease it terminated in 2018. A Tribunal of the London Court of International Arbitration ordered Djibouti to restore the rights and benefits under the 2006 Concession Agreement to DP World and Doraleh Container Terminal SA within two months, or pay damages.

An independent expert has estimated the losses to DP World at more than $1 billion. The ruling by the Tribunal said Djibouti had acted illegally when it forcibly removed DP World from management of the terminal in February 2018, claimed it had terminated the Concession Agreement and transferred the Terminal assets to a state-owned entity.

The latest tribunal ruling is the sixth substantive ruling in DP World’s favor in the London Court of International Arbitration and the High Court of England and …

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Florida’s Ports Lead the Way in Switch to Natural Gas

The JAX LNG terminal (file image courtesy Southern Company)

By The Maritime Executive 01-16-2020 04:59:00

Florida's ports are leading the way in the transition to natural gas as an alternative to conventional fuel, according to a new report by the Florida Ports Council and the Florida Natural Gas Association. 

“The rapid expansion of the natural gas industry and the alternative fuel market provides an exciting opportunity for Florida seaports to expand their use of natural gas, creating economic and environmental benefits for the state," said Doug Wheeler, Florida Ports Council president and CEO. “Our ports are in a unique position to capitalize on their economic strength and are on the leading edge nationally of LNG for cargo and cruise vessels."

As a leading example, the port of Jacksonville (Jaxport) has the largest LNG bunkering operation at any U.S. port. At present, the only other American port that is similarly equipped …

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Singapore Bunker Supplier Count Falls to 45

Singapore. Image Credit: Ship & Bunker

The number of licensed bunker suppliers in Singapore has fallen for the second time in as many months.

The one-time top-ten player Costank (S) Pte Ltd (Costank) is the latest firm to drop off the official list of licensed suppliers as published by the Maritime and Port Authority of Singapore (MPA).

For 2018, Costank ranked as the port's 16th largest supplier by volume, down from 11th in the previous year having been ranked as high as 10th for 2013.

There has been no official comment made on the departure by Costank or MPA.

Historically, MPA has only noted the departure of bunker suppliers in cases where it has cancelled licences.

The exit means the world's biggest bunkering port by volume starts the IMO 2020 era with 45 licenced bunker suppliers, 10 fewer than a year ago having started 2019 with 55 licenced bunker suppliers.

While it still has substantially more active p…

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FEATURE: Roaring 2020s Seem Uncertain Prospect After Turbulent 2019

Could troubles may be brewing for the bunker industry this year? Image Credit: Pixabay / Ship & Bunker

After facing upheaval in 2019 from the imminent change in the IMO's sulfur limit and general financial volatility, the bunker industry is entering the 2020s somewhat tentatively.

Bunker One claims to be expecting a "new roaring Twenties" for bunkering this decade, and consultant Adrian Tolson has set out the details for Ship & Bunker of what look like tremendously lucrative premiums over bulk prices that bunker suppliers are commanding as IMO 2020 disrupts the market.

But bunker traders in some parts of the industry could be forgiven for feeling more nervous over their job security this year than excited about all the money they're about to make.

Here are some of the key themes arising both in the year that's just passed, and in the challenges and opportunities that the bunker industry faces as it enters a new decade.

IMO 2020 <…
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With ZEVs needed by 2030, ammonia-fueled tanker project gets underway

To meet IMO’s 2050 Greenhouse Gas (GHG) emission reduction target, commercially viable deep-sea Zero-Emission Vessels (ZEVs) will need be in operation by 2030 —just ten years from now.

In response, shipowner MISC Berhad, shipbuilder Samsung Heavy Industries (SHI), Lloyd’s Register and MAN Energy Solutions say they will work together on a joint development project (JDP) for an ammonia-fueled tanker.

The partners say that the creation of the alliance has been motivated by their shared belief that the maritime industry needs leadership and greater collaboration if shipping is to meet the IMO 2050 target.’

Ammonia is just one of the pathways towards zero-carbon emitting vessels. The partners recognize that shipping will need to explore multiple decarbonization pathways. They hope their collaboration will spur others in the maritime industry to join forces on addressing the global challenge.

“At MISC, we believe the global maritime industry nee…

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