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DP World to develop infrastructure at Port of Constanta

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DP World to develop infrastructure at Port of Constanta. Image: DP World
DP World to develop infrastructure at Port of Constanta. Image: DP World
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The Romanian government has signed an agreement with Dubai’s Ports, Customs and Free Zone Corporation and DP World to develop new infrastructure at the Port of Constanta to turn it into one of the most important cargo and vehicle hubs on the Black Sea.

The agreement was signed by Sorin Mihai Grindeanu, Romania’s Minister of Transport and Infrastructure, and Abdulla Bin Damithan, CEO & Managing Director, DP World UAE and Vice-Chairman of PCFC’s Board of Directors.

The Ministry of Transport and Infrastructure aims to develop a new roll-on/roll-ff  terminal to boost cargo vessel traffic at the Black Sea port which has become an important gateway for trade into Eastern Europe.

This will require significant investment and improved procedures to speed up the transit of RO-RO units through Constanta Port. Under the agreement, PCFC will work with DP World, a leading provider of global end-to-end supply chain logistics solutions, to modernise and develop the infrastructure on Pier II-S at the Port.

DP World will implement the project and provide the necessary investments in physical and electronic assets to help turn Constanta into a key centre for imports into Europe. This includes a new state-of-the-art X-ray scanner at the RO-RO terminal, which will significantly reduce the amount of time needed for physical inspections and boost its operational efficiency.

Commenting on the agreement, Sultan Ahmed Bin Sulayem, Chairman of PCFC and Group Chairman and CEO of DP World, said: “A few weeks ago, we celebrated our 18th year of operations at DP World Costanta. We are proud of the confidence that the government of Romania continues to show in us and look forward to delivering a world-class, integrated supply chain solution that will enhance Costanta Port and Romania’s position in the region. This agreement is a testimony to the strength of the relationships we build with our partners around the globe.”

DP World operates a state-of-the-art 1.5 million TEU/yr Constanta South Container Terminal, already the largest port on the Black Sea, under a concession contract that runs until 2049. It also provides a full rail coordination service with 3 rail lines, each 600m long, capable of handling 3 complete 30 wagon trains at one time.

In addition, DP World is pushing ahead with plans for a new road-rail intermodal terminal in Aiud in Romania, which is expected to operational in the first half of 2023. The terminal will be linked by rail to Constanta establishing a new export route for the key Transylvania region in central-Romania, which has traditionally lacked robust infrastructure for exports.

PCFC is a Dubai Government organisation, which was officially established in 2001 and includes a number of entities and authorities working under its umbrella. These entities are Dubai Customs, Jafza, Dubai Ports Authority, Dubai Development Authority’s Licensing Department, Dubai Maritime City Authority, The office of the shipping agent for wooden ships, in addition to the organisation’s investment and security arms. PCFC also focuses on the innovative use of technology to provide smart and distinguished services to its customers. It also works constantly on developing new mechanisms to comply with best practices, ensuring the happiness and loyalty of customers in line with government directives.

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Maritime

TotalEnergies, Corio Generation and Qair to develop two floating windfarms in the Mediterranean Sea

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TotalEnergies, Corio Generation and Qair to develop two floating windfarms in the Mediterranean Sea. Image: Pexels
TotalEnergies, Corio Generation and Qair to develop two floating windfarms in the Mediterranean Sea. Image: Pexels
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A consortium of TotalEnergies, Corio Generation and Qair has been pre-selected by the French Directorate General for Energy and Climate to participate in a competitive tender to develop two floating windfarms in the Mediterranean Sea. The two projects of about 250 MW each could supply enough clean energy to meet the annual electricity consumption of almost one million people.

Opportunity to develop an innovative value chain

The TotalEnergies, Corio Generation and Qair consortium is delighted with this new call for tenders, which will help to achieve France’s objective of 40 GW of offshore wind capacity by 2050.

The partners intend to support the development of a local Mediterranean industrial value chain for offshore wind power. To this end, the consortium plans to consult regional stakeholders, promote the local economy and ensure communities benefit from employment opportunities.

Combining complementary expertise

The consortium will leverage each company’s technical expertise, strong financial resource and extensive experience in the offshore wind sector:

  • TotalEnergies, a multi-energy company, has expertise in offshore operations and maintenance through its historical activities. TotalEnergies is already developing offshore wind projects with a combined capacity of more than 11 GW, including more than 2 GW of floating projects in France, the United Kingdom and South Korea.
  • Corio Generation, a global specialist offshore wind developer, has more than 20 GW of projects under development worldwide, including 2.5 GW in floating wind. Corio is a portfolio company, operating on a standalone basis, of Macquarie’s Green Investment Group.
  • Qair, a European renewable energy producer, is a French pioneer in floating wind energy. With over 30 years of experience and a strong local presence in France, Qair operates 1 GW of assets and is developing a pipeline of 20 GW.

Proven cooperation in offshore wind

The consortium’s joint bid is based on a productive track-record and partnership history, including on the following projects:

  • The 250 MW floating windfarm tender in France’s South Brittany region (Qair, TotalEnergies and Corio Generation),
  • The 30 MW Eolmed floating offshore wind pilot project in France (Qair and TotalEnergies)
  • Over 2 GW of floating wind projects in South Korea (Corio and TotalEnergies)
  • The 2 GW West of Orkney Windfarm project in Scotland (Corio and TotalEnergies)
  • The 1.5 GW Outer Dowsing Offshore Wind project in the UK (Corio and TotalEnergies)

“After Brittany’s tender, we are delighted to renew our partnership with Qair and Corio to contribute to the development of floating wind in the Mediterranean and thus to the energy transition in France. If successful, we intend to mobilise our collective expertise to provide the best solutions to meet the technical, commercial and societal challenges of the project,” said Olivier Terneaud, VP Offshore Wind at TotalEnergies.

“Corio Generation is delighted to combine forces with TotalEnergies and Qair. We truly believe France can become a world leader in the development of offshore wind. With its deep waters and industrial heritage, the Mediterranean is fantastically placed to benefit from floating wind technology, creating significant job and investment opportunities. Deploying new projects at scale will be critical to realising the full potential of France’s wind resources and unlocking a significant clean, reliable and affordable source of electricity for generations to come,” said Jonathan Cole, CEO of Corio Generation.

“We are happy to bring once again our partners TotalEnergies and Corio together around their complementary expertise in the development, financing and construction of offshore wind projects. In association with the Mediterranean territories, we will be keen to participate in the acceleration of the energy transition by developing locally the French floating offshore wind industry to come,” said Jérôme Billerey, France Managing Director at Qair.

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Container Shipping Lines

“K” Line enters into long term time charter contracts with QatarEnergy

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"K" Line enters into long term time charter contracts with QatarEnergy. Image: Unsplash
"K" Line enters into long term time charter contracts with QatarEnergy. Image: Unsplash
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Kawasaki Kisen Kaisha, Ltd. has announced that the execution of seven long term Time Charter contracts through joint venture companies with QatarEnergy.

The joint venture companies have concurrently executed Shipbuilding contracts for 174,000m3 LNG carriers with Hyundai Heavy Industries Co., Ltd. QatarEnergy is one of the world’s largest LNG producers and will allocate the newbuilding vessels to transport LNG around the world.

The newbuilding vessels will be equipped with X-DF 2.1 iCER and Air Lubrication System which will contribute to reduction of GHG emissions and realize the ease of environmental impact by lower fuel consumption in operation. Since the delivery of “Bishu Maru” in 1983 as the first Japanese LNG carrier, “K” Line has been establishing expertise on LNG transportation and developing its worldwide network for
nearly 40 years.

X-DF 2.1 iCER is a low speed dual-fuel engine with gas at low pressure. Air Lubrication System is technology to curb the resistance between the ship’s hull and seawater by generating air bubbles on the ship’s bottom.

“K” LINE and QatarEnergy have had long-term relationship through several existing projects. The new contracts have been executed as a successful result of supervision of vessel’s construction with abundant experience, the high-quality ship management, and the highest
level of safe and commercially optimized operation.

In our Medium-Term Management Plan published in May 2022, “K” LINE has placed LNG business as one of the top priority areas in the future investment. “K” LINE will further expand long-term contracts and accommodate growing energy demands by responding to various customers’ needs.

Main Particulars of the Vessel

Shipyard: Hyundai Heavy Industries Co., Ltd.
Delivery: From 2025 through 2026
LOA: About 299m
Beam: 46.4m
Tank Capacity: 174,000m3
Propulsion System: X-DF
Speed: 19.5knt

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Container Shipping Lines

Yang Ming to add ‘YM Throne’ – a new 11,000 TEU container vessel

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Yang Ming to add 'YM Throne' - a new 11,000 TEU container vessel. Image: Unsplash
Yang Ming to add 'YM Throne' - a new 11,000 TEU container vessel. Image: Unsplash
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Yang Ming Marine Transport Corp. will add one more new 11,000 TEU container vessel, ‘YM Throne’. The vessel is chartered from Shoei Kisen Kaisha, Ltd. and built by Imabari Shipbuilding Co., Ltd. The naming ceremony of YM Throne took place at Imabari Hiroshima Shipyard. Yang Ming’s attendees joined the ceremony remotely at their Taipei office.

To further strengthen Yang Ming’s mid- to long-term operational efficiency, the company ordered a total of fourteen 11,000 TEU newbuildings through long-term charter agreements with ship owners. YM Throne is the thirteenth in the series and will be delivered in late August. This type of vessels has a nominal capacity of 11,860 TEU and is equipped with 1,000 plugs for reefer containers. With a length of 333.9 meters, a width of 48.4 meters, a draft of 16 meters, these vessels are designed to cruise at a speed up to 23 knots. The containerships incorporate various environmental features including scrubbers, Water Ballast Treatment Plant and Alternative Marine Power system.

This type of vessels adopts the twin-island design to increase loading capacity and navigational visibility to ensure more efficiency and safety. The ship hull form optimization will further increase energy saving, reduce overall emissions and increase fleet diversity. In addition, the ships are designed with shorter length and beam, which makes them easier to maneuver during berthing or departure. The new dimensions enable these ships to call at major ports worldwide and pass through the new Panama Canal with no restriction, and facilitate greater flexibility in vessel deployment.

Yang Ming started taking delivery of these new vessels from 2020. These additions can lower the average age of Yang Ming’s global fleet, reduce unit cost and achieve energy efficiency. In addition, these newbuildings will help the company to proactively cope with the challenges faced by the fast-changing shipping industry. YM Throne will be deployed on Yang Ming’s Trans-Pacific service PN3 after delivery. The new vessel will not only meet customer needs but also maximize capacity utilization. The joining of YM Throne will significantly enhance the competitiveness of Yang Ming’s global fleet and service network.

The port rotation for the 1st voyage of YM Throne in PN3 is Hong Kong – Yantian – Shanghai – Pusan – Vancouver – Tokyo – Kobe – Pusan – Kaohsiung – Hong Kong.

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