Displaying items by tag: Shipping

Oman: Raysut Cement’s turnover grew by 14.5% to US$111m in the first half of 2018 from US$97.2m in the same period in 2017. However, its profit after tax fell by 85% to US$1.8m from US$12m. The cement producer also noted that it is expected to receive US$10m from insurance claims relating to a loss of a ship and other claims relating to Cyclone Mekunu.

US: The first ship from McInnis Cement’s plant in Canada has docked at the company’s terminal in the Bronx, New York. The NACC Alicudi docked at the terminal in mid-June 2018. The event follows the start of commercial production at McInnis Cements’ plant in Port-Daniel–Gascons, Quebec in June 2017.

Canada: NovaAlgoma Cement Carriers (NACC) has bought a 25% stake in JT Cement. It joins Norway’s KGJ Cement Holdings (KGJ) and Sweden’s Erik Thun (Thun) in ownership of the cement company, which operates a fleet of seven smaller specialised pneumatic cement carriers. The investment is intended to expand NACC's global footprint into the Northern European market where KGJ and Thun have a strong presence. The daily operations of the JT Cement fleet will not change as a result of the NACC investment, with the vessels continuing to be commercially managed by KGJ's office in Bergen, Norway.

"This investment will allow us to each apply our experience and knowledge in the pneumatic cement carrier market to create additional shipping solutions to meet the needs of customers," said Ken Bloch Soerensen, president and chief executive officer (CEO) of Algoma Central Corporation. NovaAlgoma Cement Carriers is a 50/50 joint venture company between Algoma Central Corporation and Luxembourg’s Nova Marine Holding.

In January 2016 Nova Marine Carriers and Algoma Central Corporation created NovaAlgoma Cement Carriers. The fleet comprises pneumatic cement carriers that utilise a compressor and pump system to load and unload cement powder.

Algoma Central Corporation operates a fleet of dry and liquid bulk carriers on the Great Lakes and St Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets.

Ghana/Portugal: Cimpor and ETE Group have collaborated to export 55,900t of clinker from Portugal to Ghana. The clinker was transferred via barges from the river terminal of Cimpor’s Alhandra cement plant before being loaded into a bulk carrier at the Port of Lisbon, according to CE NoticiasFinancieras.

Canada: CSL Group has agreed to buy 50% of Eureka Shipping, SMT Shipping agreement for CSL to acquire 50% of Eureka Shipping, SMT’s pneumatic cement vessel business. The new joint venture will allow Eureka and CSL to expand services to customers in the seaborne cement powder and fly ash transportation markets around the world. CSL’s Australian cement shipping business is not included in the joint venture.

“The joint venture represents an important step in CSL’s strategy to increase its presence in the global construction material sector,” said Louis Martel, President and chief executive officer (CEO) of CSL Group.

The companies say that the partnership is a strong strategic fit, leveraging the companies’ respective strengths in the shipping and handling of dry bulk cargos. There will be no change in the day-to-day management and operation of vessels in the Eureka fleet. The transaction is subject to regulatory approval and is expected to be completed by the end of June 2018.

Eureka Shipping operates a fleet of self-unloading cement carriers in the Baltic Sea, the Atlantic Ocean, the Mediterranean Sea, the Caribbean and Asia. SMT Shipping Group has, over the past 30 years, built a fleet of about 45 vessels through a number of joint venture companies operating in various bulk commodities markets, focusing on geared bulk carriers, floating storage/transhipment terminals and belt-unloaders.

Spain: The Port of Alicante is undergoing a Euro3m upgrade to build a new dock that can support larger vessels. Once completed the upgrade will allow ships with a length of up to 240m to dock, according to the Diario Informacion newspaper. Previously the port could only support ships of up to 165m. The site processes large volumes of cement and clinker and dust mitigation measures are also being installed.

Philippines: Phinma Group plans to buy a cement plant in Mariveles in Bataan and use it as a terminal to discharges exports from Vietnam. President and chief executive officer Ramon del Rosario, Jr added that the site will be operational by May 2019, according to GMA News. The site will be used to import and process 2mt/yr of cement. A deep water port at Mariveles is anticipated to allow Panamax size ships to discharge cement.

Bangladesh: A cargo vessel carrying 1035t of clinker has sunk on the Rupsha River. Local police said that water started to enter the ship, MV-BB 134, whilst in the middle of the river when a crack opened in its hull, according to the United News of Bangladesh news agency. The vessel sank within an hour. No casualties have been reported.

Somalia: Security contractors aboard the cement carrier NACC Valbella have repelled an attack by pirates off the coast of Somalia. According to the maritime security firm LSS-SAPU and the Maritime Executive, the ship was transiting 90nm south of Mukallah, Yemen when it was approached by a pirate mother ship. After lighting warnings flares the carrier exchanged gunfire with the pirates before they abandoned their attack and departed. The Valbella did not suffer material damage and no injuries were reported.

Netherlands: The Damen shipyard at Oranjewerf in Amsterdam has upgraded the cement carrying capacity of the Lelie C owned by Cebo Marine. Eight new cement silos, with a capacity of 40m³ each, have been installed on the vessel alongside general maintenance.

The silos were previously fitted on the VOS Symphony prior to it going for scrap. Damen Shiprepair Oranjewerf removed the tanks, refurbished them and then installed them on board the Lelie C. The shipyard also built a silo foundation and fitted it in the vessel’s hold. 80m of stiffeners were welded into place in the double bottom tanks to provide the necessary support. Alongside this, approximately 100m² of grating walkway was fabricated and fitted on the deck to give access to the manifolds on each of the new silos. The supply and discharge and air pipe system for the two existing silos was also refurbished to accommodate the new capacity.

“Two years ago we installed the original tanks from the Ritske, a vessel belonging to the same client, and now we have repeated the process again, this time on a much larger scale. The Lelie C began her life as a general cargo vessel, but now her transformation into a cement carrier is complete,” said Jeen van der Werf, Commercial Manager at Damen Shiprepair Oranjewerf.