Ernst Russ Buys 2 Vessels
German investment firm Ernst Russ has acquired the majority ownership in a ship portfolio which includes one 38,000 dwt bulker and one 3,100 TEU containership.

The 2 ships, Handysize bulker Rubina and Panamax boxship Hebe (renamed Independent Horizon), are operated by Peter Dohle Schiffahrts KG.

Ernst Russ said it expects to generate steady revenue from the vessels. The acquisition (purchase price undisclosed) should also strengthen its position as an asset manager focused on shipping.

Ernst Russ currently oversees more than 100 vessels and plans to expand its fleet.

Blockchain retire Bill of Lading

Nowadays it is possible to retire the paper bill of lading in our digital world.
The joint venture of Grieg Star and Gearbulk and Manuchar NV carried out by G2 Ocean test of CargoX’s blockchain.

Paper Bills of Lading are already considered as historic artifacts.
The Smart ones will bring cost optimization, document transaction reliability and improved data security into their processes.
 
The CargoX Smart B/L is a solution for digital transfer of bills of lading issued by any cargo shipper around the world. The system allows transferring the ownership document securely and reliably within minutes while it takes days or weeks to send a document via regular courier services.

According to G2 Ocean, the new approach prevents delays and business damage or loss, demurrage and other costs.

The solution is powered by the blockchain document transaction system technology. Compared to classic IT systems, the CargoX Smart B/L enables users to state and transfer ownership, create bills of lading, and also attach other accompanying documentation in electronic format.

Documents can be transferred among parties to a specific process in a way similar to a banking transaction. They can also be amended or annulled if needed too.

First Marine LPG Export Terminal In Canada
Energy infrastructure company AltaGas has announced the opening of the Ridley Island Propane Export Terminal (RIPET), the first marine export facility for propane in Canada.

The terminal is located in Prince Rupert, British Columbia. It saw its first shipment depart for Asia on May 23.

The demand for cleaner fuels in overseas markets is on the rise and AltaGas wants to make sure they don't miss out on this crucial opportunity. According to CEO Randy Crawford, “The completion of this game-changing project and the shipment of our first cargo are historic milestones for AltaGas. The facility will make significant long-term contributions to international trade, support economic growth in northern B.C., and provide immediate access to clean-burning fuel in Asian markets, where demand is particularly strong.”

RIPET plans to ship roughly 1.2 million tons of propane to customers in Asia each year.

WHAT IS GROUND TRANSPORTATION?

After the vehicle and freight are paid, we arrange a pick up of the vehicle from the point of sale with a flatbed truck or a trailer and load them as per instructions.

All vehicles are insured during ground transportation. Once a vehicle is delivered to an exit port, depending on which shipping line is being used, it will take about 2-3 weeks to clear before this can be loaded into a vessel.

Feel free to use the Shipping Calculator for approximate costs of ground delivery - https://www.auctionexport.com/en/Home/Shipping

New Engine From MAN 

MAN Energy Solutions will develop a low-pressure gas engine as a supplement to its high-pressure dual-fuel ME-GI engine. It is scheduled to be ready by 2022.
MAN plans to fill a gap in the market with this new engine, similar to the way the company's ME-LGIP engine (liquid gas injection) added LPG to its offering when it was introduced in 2018.

“[T]his will complement our comprehensive portfolio of solutions,” Bjarne Foldager, a MAN senior vice president, stated. “Our mature two-stroke, dual-fuel technology has become the de-facto industry standard and accumulated over 280 confirmed sales along with 500,000 operational hours. Going forward, we want to further expand our reach within the general market for gas engines.”