Höegh Autoliners Faces Price Fixing Charges

first_imgThe Norwegian car shipping company Höegh Autoliners has been referred to the Competition Tribunal of South Africa for prosecution on seven charges relating to collusive tendering, price fixing and market division.The charges come on the back of a probe into widespread anti-competitive conduct in the market for the provision of transportation of motor vehicles, equipment and machinery by sea to and from South Africa, according to the country’s Competition Commission.Höegh Autoliners was accused of colluding with Japan’s Mitsui O.S.K Lines Ltd (MOL) from around 2009, when the two companies allegedly engaged in prohibited practices in that they agreed and/or engaged in concerted practices as competitors to fix prices, divide markets and tender collusively.The Commission said that the charges entail a number of collusive activities from 1997 to 2010 to ship motor vehicles from Thailand, Japan and India to South Africa, from South Africa to Europe, North Africa and North America, as well as to Europe.MOL previously approached the Commission in terms of its Corporate Leniency Policy and was subsequently granted leniency for its involvement in the cartel conduct in exchange for information and full cooperation in the matter.In referring the matter against Höegh to the Tribunal for adjudication, the Commission is seeking an order declaring that the company is liable for the payment of an administrative penalty equal to 10% of its annual turnover on each of the charges.last_img read more

Tacoma Welcomes US West Coast’s Largest Container Cranes

first_imgImage Courtesy: NWSAA giant ship carrying four of the West Coast’s largest container cranes has arrived in the Port of Tacoma.The ship, Zhen Hua 28, will sit at anchor in Commencement Bay for a couple of days before heading to Husky Terminal at the northwest end of the Blair Waterway.The Northwest Seaport Alliance (NWSA) ordered eight new super-post-Panamax cranes from Shanghai Zhenhua Heavy Industries (ZPMC) in China. The remaining four cranes are scheduled to arrive in 2019.The cranes will be installed at Husky Terminal, which is undergoing USD 250 million terminal improvements that began in September 2016.Upgrades include strengthening and realigning a berth and adding eight new super-post-Panamax cranes capable of serving two 18,000-TEU containerships at the same time.The new cranes will have an outreach of 24 containers and a lift height of 165 feet above the pier deck.last_img read more

SIMEC Atlantis Divests Its Canadian Tidal JV

first_imgSIMEC Atlantis said it has completed the proposed sale of the company’s stake in its Canadian joint venture at the FORCE facility in Nova Scotia, Canada, to its renewable energy development partner DP Energy group.DP Energy has acquired the remaining 50% interest in Atlantis Operations (Canada) Limited (“AOCL”). Following completion, AOCL will be renamed to become Rio Fundo Operations Canada.The cash transaction enables the DP Energy group to take a more integrated approach to the AOCL berth alongside its pre-existing wholly owned berth at the FORCE facility. This transaction returns C$400,000 to SIMEC Atlantis and, according to the company, allows the management team to focus resources on other opportunities in the UK, France and Asia and will allow the DP Energy team to focus efforts on the development of the tidal stream industry in Nova Scotia.Tim Cornelius, Atlantis CEO, said: “I am pleased that we have been able to agree this sale with DP Energy. They have experience and presence in Canada and are well suited to deliver a project in Nova Scotia. This transaction returns value to our shareholders and allows us to focus on the exciting opportunities across the SIMEC group.”Simon De Pietro, DP Energy director, said: “DP Energy is delighted work with the Nova Scotia Government to promote the development of tidal energy as a major source of renewable electricity production in Canada and we are eager to take on the exciting challenges provided by the tidal resource in the Bay of Fundy. The venture adds further depth to the growing portfolio of renewable energy projects of the DP Energy group of companies worldwide. “last_img read more

PHOTO: Snohomish River Dredging Operations Continue

first_imgPhoto courtesy of the Port of Everett The project includes maintenance clamshell dredging of the lower settling basin and the Snohomish River Federal Navigation Channel that will improve commercial vessel navigation in the area. The volume of sediment to be dredged is approximately 200,000 cubic yards with disposal by bottom dump scow at the Port Gardner Open Water PSDDA disposal site. Earlier this month, the U.S. Army Corps of Engineers began dredging the Snohomish River Federal Navigation Channel. According to the Corps’ Seattle District, all in-water work will be completed by 14 February 2019.last_img read more

Vattenfall to Compete in Hollandse Kust Zuid 3 & 4 Tender

first_imgVattenfall has decided to participate in the 750MW offshore wind tender for Hollandse Kust Zuid 3 & 4 in the Dutch part of the North Sea.In March 2018, the Swedish energy company won the Hollandse Kust Zuid 1 & 2 tender with a zero subsidy bid.”Vattenfall is strongly committed to the Dutch market. Through the participation in the Hollandse Kust Zuid (HKZ) 3 & 4 tender Vattenfall wants to further increase our contribution to the renewable transition of the Dutch energy system. After having won the first subsidy-free tender in the Netherlands (HKZ 1 & 2), Vattenfall is highly motivated to participate in the round for HKZ 3 & 4,” said Magnus Hall, Vattenfall’s CEO.In September 2018, Vattenfall received the irrevocable permit for the construction of the 700MW offshore wind farm Hollandse Kust Zuid 1 & 2. For this wind farm, Vattenfall has already started with the first preparations, by carrying out various geographic surveys at the site of the wind farm in the North Sea.”There are scale advantages that can be realized if the two projects can be combined and that will bring significant benefits in terms of cost reductions, providing a very robust business case,” said Gunnar Groebler, Senior Vice President and Head of Business Area Wind, Vattenfall.”In our offer we will be able to profit from the efforts already put into HKZ 1 & 2. Besides cost benefits, this will also give us a head start on design and construction, further reducing the risk in the project schedule. All in all, it has enabled us to prepare a very solid proposal for Hollandse Kust Zuid 3 & 4.”The Hollandse Kust Zuid 3 & 4 tender will run from 1 March to 14 March.”We have been very thorough in making sure our business case is robust and we are well equipped to manage all risks. Vattenfall combines a strong track record in building and operating wind farms in a reliable, safe and cost efficient way with an ability to handle electricity market price exposure and sell renewable electricity to our Dutch customers. Handing in this bid means we are committed to building the entire HKZ cluster and operate it for the next decades to come,” Groebler said.last_img read more

JESSIE MARIE II Ready for Lake Seminole Restoration Project

first_imgImage source: GatorGator Dredging, a dredging contractor from Clearwater, Florida, is mobilizing a second dredger for the Lake Seminole Restoration Project – ‘JESSIE MARIE II’.On November 19, 2018, Gator started construction on a four-year $18 million lake restoration project for Pinellas County’s Lake Seminole in Florida. The project is removing approximately 900,000 cubic yards of sediment from the lake.The main goals of the Lake Seminole scheme are to reduce nutrient inputs into the lake, remove existing in-lake nutrients, and restore wetland and upland areas adjacent to the lake to improve in-lake water quality, ensure healthy fish and wildlife populations, and maintain recreational uses.The dredge portion of the Lake Seminole Restoration Project will improve water quality in the lake through the removal of nutrient-enriched (phosphorus and nitrogen) sediments that are contributing to elevated nutrients in the water column and persistent algae blooms.Image source: Gatorlast_img read more

Equinor picks DNV GL for Bay du Nord certification

first_imgNorwegian oil and gas giant Equinor has selected oil and gas advisory and classification society DNV GL as the certifying authority for the Bay du Nord project off Canada.The Bay du Nord FPSO illustration. Credit: EquinorDNV GL said on Monday that it would ensure that new infrastructure that would be built for Equinor’s Bay du Nord oil field project was compliant to local and global safety requirements.The classification society will oversee design review activities and site surveillance during construction, commissioning, and installation, after being awarded the certifying authority and classification contract.The Bay du Nord field is located around 480 kilometers northeast of St. John’s, Newfoundland and Labrador, in the Flemish Pass Basin.The field will be the first one developed in this basin. No existing infrastructure is in the immediate area, which is known for its harsh environmental conditions, including large sea states, high winds, sea ice, and icebergs.Bay du Nord was discovered in 2013, aiming to produce its first oil in 2025. The project is currently in the pre-FEED phase, and the final investment decision is planned in the second quarter of 2021.The field development comprises an FPSO, a disconnectable turret and moorings system, steel lazy wave risers, and a subsea development with four subsea templates.Halfdan Knudsen, Equinor’s project director, said: “Safety, environmental protection, and regulatory compliance are fundamental requirements for the Bay du Nord Project.“DNV GL has been selected as the certifying authority and classification society for the project, supported by our development partner Husky Energy.”Liv A. Hovem, CEO of DNV GL – Oil & Gas, added: “I am delighted Equinor has recognized that we possess the technical expertise and global footprint to assure safety on the ambitious Bay du Nord project. We have worked closely with Equinor on many projects over the years, including challenging sites in the North Sea, and this contract win is a sign of the strength of our relationship.”Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.last_img read more

PSA International Wants to Grow DCT Gdansk’s Capacity to 7 Mn TEUs

first_imgTerminal operator PSA International, a co-owner of Deepwater Container Terminal (DCT) Gdansk, has unveiled an ambition to increase the TEU capacity at the Polish terminal to 7 million a year eventually from 2.2 million in 2018.During a recent visit of a maritime and business delegation from Poland to Singapore, Laurent Spiessens, DCT Gdansk deputy CEO, said at a conference that PSA International has “major ambitions” for Poland, positioning Gdansk as the “gateway to the Baltic”.Ealier this year, Singapore’s PSA, together with the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF) completed the acquisition of DCT Gdansk.“Gdansk’s unique location makes it the ideal gateway port to Central Eastern Europe and transhipment hub for the Baltic. This is why it is the fastest growing port in Europe,” he explained.“We are determined to drive growth further and we have already invested in new cranes and infrastructure that has helped increase TEU capacity from 2.2 million (m) in 2018 to an estimated 2.8m in 2019. We can continue to grow and increase this capacity to 3m TEU by 2020 and eventually 7m TEU.”He added that key to these plans will be a EUR 20 million (USD 22.1 million) investment in the rail network and equipment including increasing the port’s railway tracks from four to seven.Meanwhile, Marcin Osowski, the Port of Gdansk Authority vice-president for infrastructure, outlined plans to build a new EUR 2.8 billion Euro Central Port as “the biggest maritime investment project in Europe”, which will complement DCT Gdansk’s operations.“The Port of Gdansk grew by 20pc in 2018 and 9pc already this year and we are on target to exceed 50m tonnes of cargo for the first time, up from 40m in 2017,” he noted.“But our ultimate ambition is to grow cargo to 100m tonnes. Critical to that is our current infrastructure investment programme of EUR 591m and our plans for the new Central Port.”last_img read more

India’s October LNG imports edge up

first_imgImports of liquefied natural gas (LNG) into India rose in October when compared to the corresponding month in 2018. Data from the oil ministry’s Petroleum Planning and Analysis Cell (PPAC) shows that 2.69 billion cubic meters have been imported during the month under review. This is an 8.1 percent increase over the corresponding month the previous year.The cumulative imports for the fiscal year (April-October) so far have reached 19.03 billion cubic meters, 8.4 percent above the volumes imported in the corresponding period last year.The cost of LNG imports was at $10.3 billion for the year so far, with the volumes reaching $28.74 billion cubic meters. This is an increase of 27.1 percent in regards to the earnings and a 4.74 percent increase in terms of volume for the year so far.For the month of October, the cost reached $0.8 billion, a 20 percent drop, compared to October 2018. For the fiscal year, the cost of imports reached $5.5 billion,12.7 percent below the costs reported in the corresponding period last year.Ministry’s data shows that Petronet LNG’s Dahej terminal once again operated above full capacity utilization. Namely, the terminal operated at 109.3 percent capacity utilization during the fiscal year so far with the Hazira LNG terminal operating at 99.5 percent capacity utilization.Kochi LNG terminal operated at 14.8 percent capacity while Dabhol and Ennore LNG terminals both operated at 4.8 percent utilization capacity.last_img read more

Waves Group joins Vietnam’s nearshore wind farm

first_imgLocated off the coast of Vietnam, the Tra Vinh wind farm will comprise 12 Vestas V150-4.2 MW turbines. The construction of the 48 MW project officially commenced at the beginning of the year. The contract commenced in June and will continue until May 2021. The project will run from the company’s Singapore office with support from its offices in the UK. Waves Group has begun providing marine warranty surveyor (MWS) services for the Tra Vinh nearshore wind farm in Vietnam. Waves Group is providing the services for the installation of foundations, infield cables and turbines. The project company is Tra Vinh Wind Power Company Ltd, jointly owned by Climate Investor One’s (CIO) Construction Equity Fund, a finance facility managed by Climate Fund Managers (CFM), and Korea’s Samtan.last_img read more