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Guinea Bauxite Sockpile Nears 2 Million Tons As Export Suspension Continues
Emirates Global Aluminium's (EGA) subsidiary in Guinea has accumulated a stockpile of nearly two million metric tonnes of bauxite since the suspension of its operations last year, three sources familiar with the matter told Reuters on Tuesday.EGA, equally owned by Abu Dhabi sovereign wealth fund Mubadala, and Dubai sovereign wealth fund the Investment Corporation of Dubai, operates one of the largest bauxite mines in Guinea through its Guinea Alumina Corporation (GAC) subsidiary.The standoff with Guinea's government highlights the aggressive push by the military authorities to increase benefits from the country's vast natural resources as the world's largest bauxite producer leverages its position in aluminium supply chains to force downstream processing commitments.The company has been in a dispute with the government since October last year when its GAC bauxite exports, and mining operations were later suspended by the authorities.Reuters reported earlier this month that the government has launched a process to withdraw EGA's mining licence over its failure to build an alumina refinery.Since the suspension of exports and mining operations, its stockpile of bauxite at the port and train loading facility at the mining site, have reached nearly two million metric tonnes, the three sources familiar with the situation, told Reuters.The sources requested anonymity because there were not authorized to speak for the company.EGA and GAC did not respond to Reuters' requests for comments on the stockpiles.The company said in a separate statement on Tuesday it hoped to resume talks with the Guinean government that could lead to a lifting of measures blocking its bauxite mining operations.In its statement, GAC said the measures imposed by the authorities had hampered its operations, leading to their complete stoppage in December 2024 and significant financial losses for the company and its shareholders.Responding to a Reuters request for comment, Guinea's mines minister Bouna Sylla said the country was committed to working with all investors who fully comply with their contractual commitments, adding they intend to clean up the mining sector."This process will continue rigorously, respecting the current legal framework while ensuring the legitimate interests of all stakeholders, including Guinean investors," Sylla said.Responding to reports that the dispute was due to its failure to fulfil commitments, including building a refinery, GAC said in the statement that it had always fulfilled all of its obligations under agreements Guinea, and contests that it has acted differently."As regards an alumina refinery project in Guinea, GAC has repeatedly indicated to the Guinean authorities that the realisation of such a project is contingent upon overcoming numerous and significant economic, technical and environmental challenges," it said.Mali, Burkina Faso and Niger, also military-led West African states have taken similar routes to assert more control over their mineral-rich mining sectors in a bid to generate higher revenue.(Reuters)
port-and-ship
May 27, 2025
Marine Link
There Is An Estimated 6 Billion Barrels Of Shale Oil Reserve In Southeast Turkey
U.S. oil producer Continental Resources estimates there is a shale oil reserve of 6.1 billion barrels in Turkey's southeastern Diyarbakir Basin, the Turkish energy minister said. If confirmed, such reserves would place Turkey above some OPEC members such as Congo or Gabon, and other major producers such as the UK. Continental Resources and Turkish national oil company TPAO signed a joint venture agreement in March to develop shale fields in the basin. "Turkey's current annual (crude) oil import amounts to 365 million barrels. So a 6.1 billion barrel reserve is a great figure," Energy Minister Alparslan Bayraktar told reporters during a visit to Sirnak province in southeast Turkey this week. The minister previously heralded the March agreement as "a new era" with Turkey viewing shale oil and gas discoveries as a key development. It is aiming to produce shale gas from the northwestern Thrace region, Bayraktar said. "Shale oil and shale gas could be a game changer," he said. Continental Resources did not immediately respond to a request for comment. Last week, President Tayyip Erdogan also announced a discovery of a new reserve of 75 billion cubic metres (bcm) of natural gas during drilling works in the Black Sea. Turkey, now covers more than 90% of its energy needs with imports, aims to cut its import bill and boost supply security by developing domestic resources and expanding international partnerships in oil and gas exploration. Ahead of presidential elections two years ago, Turkey announced its "largest ever onshore oil discovery" of 1 billion barrels of crude in Sirnak. It had an API gravity of 41, representing a lighter grade than Turkey's current production. In 2024, Turkey produced 127,000 barrels per day (bpd) of crude, while it imported an equivalent of nearly 1 million bpd of oil and refined products, according to the country's energy ministry and regulator. Discounted Russian oil and refined products accounted for two-thirds of Turkey's imports last year, energy regulator data show. (Reuters/Reporting by Nevzat Devranoglu; Additional reporting by Enes Tunagur in London; Writing by Huseyin Hayatsever and Daren Butler; Editing by Kate Mayberry and Tomasz Janowski)
port-and-ship
May 21, 2025
Marine Link
Fueleu Maritime: Smarter Compliance Could Unlock A $279 Million Upside For Shipping
As the FuelEU Maritime regulation enters into force, the shipping industry may be looking at a surprising upside. Instead of acting solely as a cost driver, the regulation could create a net financial gain, potentially around USD$279 million (€250 million), according to a recent analysis by maritime data and compliance firm OceanScore. OceanScore’s analysis focuses on the balance of GHG intensity compliance under FuelEU. The initial compliance deficit across vessels exceeding the regulation’s threshold is estimated at around 2.1 million metric tons (MT) of CO₂e, while more efficient vessels—mainly LNG and LPG carriers—generate a surplus of about 1.3 million MT of CO₂e. That leaves a net compliance gap of roughly 0.8 million MT, which is likely to be closed using biofuels. These fuels, such as UCOME, have a lower calorific value and higher price point, but offer the advantage of emissions reduction credits and corresponding savings under the EU ETS. At today’s prices, factoring in the ETS phase-in rate of 70% and current exchange rates, covering this compliance gap via biofuels is expected to cost the industry around USD$223 million (€200 million), or USD$257 (€230) per MT of CO₂e. While that’s not insignificant, it’s a relatively modest figure for an industry of this scale. The other half of the story is about how emissions-related costs are passed on, especially in container, ferry, and cruise segments, which together make up nearly 50% of total emissions. In many cases, emissions surcharges are now included in COAs, and some are linked to FuelEU’s penalty levels. OceanScore’s model assumes that just half of operators apply surcharges at two-thirds of the penalty rate, which equates to about USD$715 (€640) per MT of CO₂e. Under these conditions, total additional revenue could reach USD$502 million (€450 million). Subtracting compliance costs leaves a potential net gain of USD$279 million (€250 million)—although how sustainable that is remains uncertain. Who benefits from this value shift depends on where you sit in the value chain. Owners, charterers, and ship managers all have different exposure to compliance costs and different leverage in passing them along. Charterers may aim to pass on more cost than they reimburse, owners will negotiate how these costs are handled, and managers - especially third-party ones - often sit at the center of compliance obligations. FuelEU doesn’t just introduce a new rule, it’s setting the stage for a compliance credit market. As operators buy and sell surpluses and deficits, pricing, liquidity, and strategy will become real levers for competitiveness.
port-and-ship
May 15, 2025
Marine Link
Totalenergies Seeks $16B Permit For Green Hydrogen Project In Chile
Subsidiaries of energy major TotalEnergies have applied for an environmental permit for a $16 billion green hydrogen and ammonia project in southern Chile, a regulatory filing showed on Monday. The project, run by the Chilean subsidiary TEC H2 MAG, is expected to begin operations in 2030 and includes a wind farm, seven electrolysis centers for green hydrogen, a desalination plant, an ammonia plant, and maritime infrastructure for shipping. The Andean nation has been promoting the development of clean hydrogen projects, but some companies say lengthy permitting and a lack of infrastructure has led the country to the head start it had in green hydrogen. According to the project's website, the environmental permit process is expected to take two years, with construction to begin in 2027. The ammonia plant, which will be commissioned in stages, will produce up to 10,800 metric tons per day. (Reuters)
port-and-ship
May 05, 2025
Marine Link
Denmark To Spend $600 Million On Naval Vessels
Denmark will spend about 4 billion crowns ($614 million) on building and procuring 26 navy vessels for patrolling, oil spill response and surveillance of undersea cables, Defence Minister Troels Lund Poulsen said on Tuesday. Countries bordering the Baltic Sea are on high alert after a number of outages of power cables, telecom links and gas pipelines since Russia's invasion of Ukraine in 2022, including sabotage of the Nord Stream gas pipelines. Russia has denied it was behind the outages. The NATO military alliance has boosted its presence with frigates, aircraft and naval drones. One concern has been the so-called shadow fleet - vessels used by Russia to move oil, arms and grains around in violation of sanctions. "The threats we face at sea today are different and far more serious than just a few years ago. In particular, we need to respond to a threatening Russia, while technological development is moving at lightning speed," Poulsen said in a statement. "With the agreement on the naval plan, we are initiating several urgent procurements that are the first step in enabling Danish maritime defence to counter a wider range of threats." After more than a decade of drastic cuts in defence spending, Denmark last year allocated 190 billion Danish crowns for its military over a 10-year period. The Nordic country is primarily aiming to protect submarine cables and pipelines for energy production and transmission, and to boost protection against potential threats to the marine environment in Danish waters from the Russian shadow fleet. In addition to the 26 vessels, Denmark will acquire drones and sonar systems, which can monitor and identify unwanted underwater activity, the ministry said. The government said it was aiming for many of the vessels to be built in Denmark, including in cooperation with its NATO allies, but provided no further details. ($1 = 6.5142 Danish crowns) (Reuters)
port-and-ship
Apr 22, 2025
Marine Link
Imabari Maritime Fair “Bari-Ship 2025”
Imabari Maritime Fair, "Bari-Ship 2025" is schedule to be held from May 22- 24, 2025 at Texport Imabari (Imabari, Japan). "Bari-Ship" is the largest international maritime exhibition in Western Japan, held every two years in Imabari, Japan’s leading maritime city. The event serves as a venue for maritime industry professionals from not only Japan but around the world to gather, engage in business matching, and exchange information. This year's exhibition will be the largest ever, with exhibitors from 380 companies from 24 countries, and is expected to attract approximately 20,000 visitors during the three-day exhibition. General InformationExhibition Name: Bari-Ship 2025Dates: 22 – 24 May 2025 / 10am – 5pm (until 4pm on the last day) * Open to the general public on the last dayVenue: Texport ImabariOrganizer: Informa Markets Japan Co LtdIn Partnership with: Imabari city, Imabari Maritime City Promotion CommitteeSupporters: Ministry of Land, Infrastructure, Transport and Tourism, The Japanese Shipowners' Association, Japan Federation of Coastal Shipping Associations, The Shipbuilders' Association of Japan, The Cooperative Association of Japan Shipbuilders, Japan Ship Exporters' Association, Japan Ship Machinery and Equipment Association, ClassNK, The Japan Shipping Exchange, Inc, The Japan Society of Naval Architects and Ocean Engineers. The Largest ever, Showcasing the Latest Products, Technologies, and Services A new exhibition area called "M Zone" will be set up at Imabari Port, making this the largest exhibition in the event’s history. Approximately 380 companies from 24 countries will be exhibiting, offering an opportunity to see, touch, and experience the latest developments in the maritime industry. A Platform for the Future of the Maritime Industry and the Development of Next-Generation Talent "Bari-Ship" will host forums discussing future trends in the maritime industry and seminars introducing the latest technological trends. The final day of the exhibition will be open to the public to promote familiarity with ships and the sea, offering a variety of events aimed at nurturing the next generation of talent. Onboard TourSIM-SHIP1 mk2 "Churasan"Produced by: SIM-SHIP / NAIKEN R&DVenue: Bari-Ship 2025 “M Zone” (Imabari Port)This 499 GT cargo ship is equipped with an advanced air lubrication system, a container type battery system, and various digital equipment. The vessel is open for inspection. Opening CeremonyDate and time: May 22, 2025, 9:30am - 10:00amVenue: Texport Imabari
port-and-ship
Apr 21, 2025
Marine Link
Nuwc Division Newport: $2 Billion Impact On Economy In 2024
The total funded program of the Naval Undersea Warfare Center (NUWC) Division Newport reached $2 billion in 2024, according to the recently released economic impact report. Of its total operating budget, $776 million was spent by Division Newport in civilian payroll and labor, materials, operational expenditures, property maintenance and repair, and military payroll, while $1.2 billion funded contracts. One of two divisions of the Naval Undersea Warfare Center, Division Newport has a workforce comprised of 51% government civilian employees, 48% support contractor employees and 0.38% military staff. These employees reside in Rhode Island (68%), Massachusetts (23%), Connecticut (4%) and other areas of the United States (5%). Of the full-time government civilian staff, 73% are classified as scientists or engineers, with 86% of the workforce holding a four-year degree and 36% holding an advanced degree. The average government civilian salary is $122,000, according to the report. Of the approximately $1.2 billion spent on contracts, small business obligations accounted for about $356 million. Roughly 95% of Division Newport's contract obligations paid for new services in Rhode Island, and 94% percent of fiscal year 2024 contracts were competitively awarded. The fiscal year ran from Oct. 1, 2023, to Sept. 30, 2024. Academic and intellectual outreach in 2024 included 12 science, technology, engineering and math (STEM) programs and 31 educational partnerships that totaled $1.24 million in funding and reached 16,484 students in pre-kindergarten through grade 12. Division Newport had 89 active cooperative research and development agreements (CRADAs), 74 collaborative projects with academia and employees published 176 technical papers. Between fiscal years 2020 and 2024, Division Newport employees have generated 162 patented inventions. Division Newport operates under the Navy Working Capital Fund (NWCF) model, which means it receives funds from multiple “customers” to execute tasking within its assigned mission. Those utilizing the NWCF model receive no directly appropriated funding and operate like a nonprofit business with a “customer-provider” relationship. Division Newport’s incoming funds for fiscal year 2024 totaled $2.0 billion. The Navy and Marine Corps represented Division Newport’s largest customer with $982 million in funding. The next largest were private parties at $23 million, other Department of Defense outfits at $14 million, and the Air Force with $10 million. Incoming funds from the Army and other government organizations represented approximately $3 million.
port-and-ship
Apr 21, 2025
Marine Link
Mitigate Scc & He To Keep Offshore Metal Structures Ship Shape
Understanding, finding and deploying strategies to mitigate stress corrosion cracking (SCC) and hydrogen embrittlement (HE) are essential to protecting investments in offshore structures. Paula Lepore, Global Projects Engineering Manager and Anshul Godha, Materials Scientist at Parker Hannifin discuss a new approach to understanding the potential problem and devising a solution. Offshore structures face numerous challenges in harsh marine environments, with stress corrosion cracking (SCC) and hydrogen embrittlement (HE) being among the most significant threats to structural integrity and longevity. These conditions can lead to sudden and catastrophic failures, jeopardizing safety and incurring substantial costs. Offshore Engineer recently sat down with Paula Lepore, Chief Engineer at Parker Hannifin’s Instrumentation Products Division, and Anshul Godha, Material Scientist at Parker Hannifin, to discuss the latest approaches to understanding and mitigating SCC and HE.The SCC and HE Threat Stress corrosion cracking is a form of environmentally assisted cracking that occurs when a material under high stress is exposed to a corrosive environment. SCC can cause brittle fractures in otherwise ductile materials, particularly in offshore infrastructure such as pipelines and pressure vessels. Hydrogen embrittlement, on the other hand, results from hydrogen atoms diffusing into metals, reducing their ductility and leading to sudden failure. In offshore settings, where structures are exposed to stress and corrosive marine conditions, even minor cracks can propagate rapidly, risking both safety and operational continuity. "Together, SCC and HE represent significant threats to offshore structures," Godha explained. "These phenomena can initiate cracks earlier than expected and cause rapid propagation, compromising structural integrity and requiring costly repairs.""Periodic sampling and testing are also crucial in identifying issues early in the field."Paula Lepore, Chief Engineer at Parker Hannifin’s Instrumentation Products Division, Parker Hannifin Monitoring and Testing Techniques Detecting SCC and HE early is essential for preventing long-term damage. While visual inspection is the most straightforward method, it is often insufficient, particularly for subsea structures or hard-to-reach areas. Advanced non-destructive testing (NDT) methods, such as ultrasonic testing, magnetic particle inspection, and dye penetrant testing, are more effective. Additionally, electrochemical techniques can assess material susceptibility to corrosion, while standardized chemical testing, like ASTM G123 and G38, help evaluate different alloy grades. "A combination of monitoring and testing methods often provides the most comprehensive assessment," Lepore noted. "Periodic sampling and testing are also crucial in identifying issues early in the field."Proactive Mitigation Strategies When it comes to mitigating the effects of SCC and HE, prevention from the outset is paramount. This means selecting the right materials during the design phase—preferably alloys that can withstand the harshest environments. Additionally, minimizing stress through appropriate design practices, such as avoiding sharp corners, using stress relief annealing, and ensuring proper welding, is essential. Cathodic protection, a technique to reduce metal corrosion electrochemically, is also vital. Keeping water from stagnating and allowing proper drainage can prevent localized corrosion. Having redundant systems in place as a safeguard against unexpected failures is equally important."Together, SCC and HE represent significant threats to offshore structures. These phenomena can initiate cracks earlier than expected and cause rapid propagation, compromising structural integrity and requiring costly repairs."Anshul Godha, Material Scientist, Parker Hannifin Real-World Challenges and Solutions One practical example shared by Godha involved chemical injection skids used in the oil and gas industry, where components are exposed to extreme pressures (up to 15,000 PSI) and corrosive environments. Traditionally made from coiled stainless steel, these components are prone to SCC under high stress and chloride-rich conditions. Such scenarios illustrate the importance of understanding material behavior under real-world conditions, beyond lab testing. In the power generation sector, highly stressed alloys exposed to atomic hydrogen can suffer rapid embrittlement, leading to catastrophic failures. Managing these risks requires a nuanced understanding of both material properties and environmental factors. The Future of Mitigation: Innovations on the Horizon Looking ahead, advanced material development is leading the charge in combating SCC and HE. High-performance stainless steels and nickel-based alloys are being designed to resist both phenomena, offering potential breakthroughs in offshore applications. Additionally, digital technologies such as AI, machine learning, and digital twin simulations are enabling engineers to predict and manage stress conditions proactively. Real-time monitoring systems using advanced sensors are also becoming more prevalent, offering early detection and predictive maintenance opportunities. One promising development from Parker-Hannifin is the SuperShield technology, which significantly improves corrosion resistance while maintaining compatibility with traditional materials. Mitigating SCC and HE requires a multifaceted approach, combining material selection, stress management, environmental control, and continuous monitoring. As offshore operations continue to push the limits of engineering, integrating new technologies and practices will be crucial to safeguarding structural integrity and minimizing downtime. "Understanding the problem from the start and applying preventive measures is far more cost-effective than dealing with failures later," Godha emphasized. Watch the brief interview with Paula Lepore and Anschul Godha on Offshore Engineering TV:
port-and-ship
Apr 17, 2025
Marine Link
Russian Arctic Oil Exports To China Increase With More Sts Transfers, Avoiding Us Sanctions
Russia’s Arctic oil exports to China are set to rise sharply this month buoyed by a jump in ship-to-ship transfers at sea to ensure tankers pulling into port are not on U.S. sanctions lists, according to traders and data from Vortexa. The Arctic oil business accounts for a tenth of Russia's seaborne oil exports which were hit with widened U.S. sanctions in January on nearly all tankers carrying crude oil grades such as ARCO and Novy Port and on Russian producer Gazprom Neft. To evade the curbs, ship-to-ship (STS) transfers of cargoes are taking place in international waters off Singapore and Malaysia where cargoes are loaded on to Very Large Crude Carriers (VLCCs) that are not subject to sanctions before heading for Chinese ports, according to traders and Vortexa senior analyst Emma Li. At least 4 million barrels of Arctic oil completed STS last week and 16 million more have arrived, or will arrive, in the South China Sea this month, Li estimated. China's Arctic oil imports are rebounding given ample supply, but the volume eventually discharged will vary depending on logistics hurdles and buying interest from Chinese refiners, she added. Russian oil exporter Gazprom Neft did not immediately respond to a Reuters' request for comment. China's imports of Arctic oil from Russia in March averaged 25,000 barrels per day (bpd), according to Vortexa. China has said it opposes unilateral sanctions, which have been imposed by the United States, EU and others aimed at curbing Russian, Iranian, and Venezuela energy revenue. Yet STS transfers are being used, according to one trader, because many Chinese buyers want to avoid being linked to tankers subject to such sanctions as they are wary of secondary sanctions and are willing to pay higher prices for these STS cargoes. For example, the VLCC Atila loaded 2.07 million barrels of ARCO from two sanctioned tankers in March in waters off Singapore and delivered the cargo to China's port of Dongying in eastern Shandong province in April, Kpler data shows. Atila previously engaged in STS transfers involving Iranian oil. HARSH WEATHER Arctic grades - ARCO, Novy Port, and Varandey - are produced in Russia's northern regions, where harsh winter weather affects production and oil projects require huge investment. These grades are typically shipped from oilfields to floating storage in Murmansk and then shipped to end-users, making it difficult to track exports of each grade. These shipments currently take two months to reach China as tankers are travelling via the Suez Canal, with the STS adding to shipping costs. The shorter North Sea Route (NSR) to China is closed until July. "It's a very long and expensive route," one trader said. "The only idea is to evacuate barrels." Light Arctic oil is offered at discounts to benchmark Brent prices, down from premiums previously, the traders said. Not all the Arctic oil cargoes are set to find a home soon as some of them are being stored on ships, traders said. For instance, tanker Fast Kathy loaded Arctic oil in Murmansk on March 14 and has been floating off Port Said in Egypt since April 9, LSEG data showed. India, previously the top buyer of Arctic oil, has cut purchases due to sanctions, traders said. Arctic oil is going to India mostly from the Varandey field developed by Russia's Lukoil, they added. Lukoil declined to comment on who supplies the oil from Varandey to India. This month, Indian authorities barred a tanker from conducted an STS operation off the port of Mumbai involving a cargo of Russian crude. Other Arctic oil buyers include Syria, which received its first shipments earlier this year, and Myanmar. (Reuters)
port-and-ship
Apr 17, 2025
Marine Link
Rhine River: Rising Levels Allow For Increased Shipping Capacity
Rain in past few days has raised Rhine river water levels in Germany, with vessels able to carry more cargo although most are still sailing around half full, commodity traders said on Thursday. "Large volumes of rain have fallen in the Rhine region in past days and there has been an improvement in the low water problem," one trader said. "More rain is forecast and if it actually arrives, the parts of the Rhine could see a significant recovery next week, although water is still likely to be under levels allowing normal sailings." Extreme dry weather in March and April mean low water is hampering shipping on all the river south of Duisburg and Cologne, including the chokepoint of Kaub, traders said. But freight deliveries are still continuing, with loads divided among more vessels, increasing costs for cargo owners. Rain in south Germany raised Kaub water levels enough to enable ships to carry around 1,400 metric tons of cargo on Thursday against only 870 tons late last week, traders said. Shallow water means vessel operators impose surcharges on freight rates to compensate for ships not sailing fully loaded, increasing costs for cargo owners. Consignments must be shipped by several vessels instead of one, also raising costs. Prices for a tanker freighter sailing from Rotterdam to Karlsruhe were still rising, reaching about 90 euros a ton on Thursday from 86 euros a ton earlier this week. This was up from 46 euros in early April and 34 euros in late March. The Rhine is an important shipping route for commodities including grains, minerals, ores, coal and oil products, including heating oil. German companies faced supply bottlenecks and production problems in summer 2022 after a drought and heat wave led to unusually low Rhine water levels. (Reuters)
port-and-ship
Apr 17, 2025
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