Greek shipowner New Shipping Ltd has signed a Letter of Intent to construct two 320,000 dwt tankers.

The company will pay USD 70 million for each of the two very large crude carriers (VLCC).

In addition to these two ships, New Shipping Ltd has options to order two more VLCCs, all of which would be built by China’s Jinhai Heavy Industry.

The 48,256 mt vessels are expected to be ready by 2019, according to VesselsValue.

New Shipping Ltd currently operates nine VLCCs, four Suezmaxes and six Aframaxes, plus bulk carriers.

The USA and Canada are phasing out the use of heavy fuel oil

US, Canada have started the process of reducing usage of heavy fuel oil (HFO) from the vessels operating in Arctic waters to save the region from the dirtiest marine fuel. HFO creates threats from spills and black carbon emissions hence its already banned in Antarctica and Svalbard (Norwegian archipelago in the Arctic Ocean). Currently 44% of vessels working in Arctic are using this HFO. During the next meeting of International Maritime Organization in July 2017, the US and Canada will be offering a plan of taking the heavy fuel oil out of the shipping industry. 

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The Georgia Port Authority had a 6.5% increase of container traffic in November. It was caused by the export market growth and an intense holiday season. 

In November 2016 the Savannah port handled over 167 000 containers, which is 10 000 more comparing with November 2015. Last month export loads increased by 10 % and import grew by 12%. 

As per the Georgia Port Authority, Savannah Port reached it busiest October ever moving 251 566 TEUs containers. 

From September till November the Georgia Port Authority handled around 920 000 TEUs in total.

L​os Angeles port​ made one more step towards zero emission operation and was awarded 2 government grants for implementing its aim to become a first non-polluting port. USD 5.8 million grant from California Energy Commission (CEC) will be spent on new equipment for moving cargo. More than 100 drayage trucks will upgraded with up-to-date smart technologies to reduce pollution. It's going to take 3 years to update all the equipment, but first results are expected already in 2018. 

Moreover, Los Angeles port got a grant from US Environmental Protection Agency (EPA) for USD 800,000 to replace 18 pieces of port yard equipment for 2 container terminals. As a reminder, the port of Los Angeles is the leader in North America by container volume and cargo value.