Published by The Maritime Executive

Published by The Maritime Executive

Published by The Maritime Executive

Published by The Maritime Executive

Published Aug 30, 2022 11:11 AM by The Maritime Executive

Port of Newcastle, the largest deepwater port on Australia’s East Coast, today commissioned two new mobile harbour cranes as part the Port’s ongoing commitment to diversification and a sustainable future. The cranes were opened by Port of Newcastle CEO, Craig Carmody, and Macquarie Group Managing Director and Chief Executive Officer, Shemara Wikramanayake. With the mobile harbour cranes in their final stages of commissioning, and terminal expansion underway, the cranes will commence cargo and container handling in September. With an outreach of 54 metres, and a lifting capacity of 104 tonnes, Craig Carmody said the $A32.4- million crane investment marks a significant increase in an expanded and improved container, break-bulk and project cargo handling capability for customers at Port of Newcastle. “For Port of Newcastle, the arrival of the mobile harbour cranes marks a significant step forward in our aim to diversify for the future,” he said. It follows the announcement last November that the Port is partnering with Macquarie’s Green Investment Group to support the development of a hydrogen economy in the Hunter Region. The Port of Newcastle Hydrogen Hub, part of a broader clean energy precinct, will initially be underpinned by a large electrolyser and ammonia loop providing green product for domestic decarbonisation that is supported by a range of Project Partners including SnowyHydro, Jemena, Keolis Downer, Lake Macquarie City Council and Idemitsu. The first stage of a $3 million feasibility study into the development of a green hydrogen hub at the Port has now been concluded. Ms. Wikramanayake said diversification represents a significant opportunity for the Port. “As the gateway to the second largest city in New South Wales, the Port will continue to play a key role in the future of the Hunter as a key region for economic growth,” she said. Macquarie manages a 50 per cent shareholding in the Port of Newcastle on behalf of investors and is assisting the Port in its strategic realignment away from its historic reliance on coal export. “The new container and bulk services initiative, together with the broader clean energy precinct, represents a significant opportunity for the Hunter region to diversify, decarbonise and support the development of jobs in emerging industries,” Ms. Wikramanayake said. The Green Hydrogen project includes a partnership with the University of Newcastle to boost innovation and drive research commercialisation in the region. Mr. Carmody said the official opening of the mobile harbour cranes, which will begin operating next month, was an opportunity to reflect on the shared vision of the two organisations for an exciting future. “When you are known nationally and internationally as the ‘world’s largest coal port’ change is always going to be like turning a large cargo ship in the harbour, a measured transition in tandem with the broader economy, but with the right tools around you the end goal can be achieved,” Mr. Carmody said.

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Published Sep 2, 2022 4:13 PM by The Maritime Executive

Gibraltar continues to report making progress in its attempts to remove the oils aboard the bulker that hit another vessel at the beginning of the week. Teams are also working to contain the damage from the leaks and a formal investigation was launched. The condition of the 35,263 dwt bulker OS 35 remains largely unchanged with the salvage teams not immediately fearing that the vessel will break in two after developing cracks in the area of the number two hold....

Published Sep 2, 2022 2:42 PM by The Maritime Executive

After blaming a backlog of containers at the port for contributing to the congestion and delays, the Port Authority of New York and New Jersey has delayed the implementation of an “imbalance fee” that it planned to start charging carriers as of September first. The port remains committed to the concept but reports that it will revise the approach before implementing the fee in the fourth quarter of 2022. Announcing the plans for the fee at the beginning of...

Published Sep 2, 2022 12:57 PM by The Maritime Executive

Continuing its mission in law enforcement and support of the Combined Maritime Forces operating in the Gulf of Oman and the surrounding region, the U.S. Coast Guard made another significant seizure of illegal narcotics. The later interdiction on August 30, marks the third major seizure announced by the forces by the same U.S. Coast Guard fast response cutter, the USCGC Glen Harris, since the vessel arrived in the region eight months ago. According to Combined Task Force (CTF) 150, one...

Published Sep 2, 2022 12:02 PM by The Maritime Executive

The South Korean investment company that acquired the former STX Offshore & Shipbuilding in 2021 has completed the acquisition of a second midsized shipbuilder as the government seeks to continue the privatization of the industry. Daehan Shipbuilding, with its yard in Haenam on the southwest coast, was established in 2004 working mostly as a builder of tankers was acquired by a investment group led by KH Investment. The South Korean government-controlled Korea Development Bank has been seeking to sell its...

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