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MARITIME TRANSPORT

Aries Maritime Transport Provides Update on the Bora

Aries Maritime Transport Limited announced that it has withdrawn the Bora, a 2000- built double-hull products tanker, from the vessel's charter with PDVSA, and is currently marketing the vessel for a new charter. Mons S. Bolin, President and Chief Executive Officer, commented, "Rates for products tankers remain firm and we are actively pursuing a new charter for the Bora in the international market. We remain committed to employing our vessels on period charters with leading charterers in order to provide shareholders with a stable revenue and dividend stream."


OECD Issues Report on Ownership and Control

The Maritime Transport Committee of the Organization for Economic Cooperation and Development (OECD) issued a report entitled Ownership and Control of Ships


U.K. Financial Assistance to Move Freight to Waterways

The UK Department for Transport issued its Consultation Document entitled Financial Assistance for Moving Freight from Road to Inland Waterway and Maritime Transport. The post-consultation response indicates broad support for grants to encourage increased use of waterways in lieu of roadways to transport freight in the U.K. Differences remain, however, with regard to detailed implementation.


Libya Acquires New Tankers

Libya Wednesday took delivery of three new oil tankers at its port hosting the Refining Company in Zaouia, as part of ceremonies marking the 37th anniversary of the country`s September 1969 Revolution. Baghdadi Mahmoudi, Secretary of the Libyan People`s General Committee took delivery of the three tankers - Ibn Batouta, Gardhabia and Intissar - new additions to the Libyan Maritime Transport Company`s fleet. The tankers built in South Korea by Samaho Hundai


Multiport Mourns a Loss

Multiport, the network of independent ship agents, is sad to announce the death of Mr Hylton Clarke, managing director of its Jamaican member, Maritime & Transport Services Ltd. Clarke was a leading member of the Jamaican shipping community, and the longest serving member on the managing committee of the Shipping Association of Jamaica. "He was a man of the greatest integrity, with a great sense of humour and enjoyment of life," said Multiport secretary-general Peter


State of Green Markets Green Blue Denmark

Blue Denmark is also green

  Blue Denmark is also green. Therefore, Denmark’s official green brand, State of Green, is now launching a new theme on its website focusing on green maritime solutions. As a nation, Denmark has become well-known internationally in the green maritime field and now we intend to become even better at getting this across by means of State of Green’s new initiative that focuses on sustainable, green maritime transport and technological solutions.


Economic Effects of U.S. Import Restraints

The U.S. International Trade Commission issued a lengthy report entitled -The Economic Effects of Significant U.S. Import Restraints Third Update 2002 .The report reviews a variety of import restraints including the maritime cabotage laws. It concludes that eliminating the restriction on maritime transport and liberalization of the U.S. build requirement for vessels engaged in the coastwise trade would provide an economic benefit of $917


World Maritime Day

 On 26 September, the maritime community celebrates the World Maritime Day established at the initiative of the International Maritime Organization (IMO). In his annual address on this occasion, Koiji Sekimizu,  Secretary General to the International Maritime Organization emphasized that in  order stable development of the maritime transport system could be achieved the efforts should be concentrated on safety


EU State Aid Guidelines Welcomed by Shipowners, Not by Union

The shipping industry has welcomed a decision by the European Commission to keep in place unchanged guidelines relating to state aid to maritime transport, which include tonnage tax regimes, but seafarers' union Nautilus sees it differently, according to the UK maritime industry's latest 'Maritime London Newsletter'. Commission vice-president Joaquín Almunia, responsible for competition policy, recently decided to continue the 2004 Guidelines on State Aid to Maritime Transport without


Container Weighing a Task for Shippers Not Terminals: ESPO

File photo

European Sea Ports Organisation (ESPO) says it welcomes the recent decision of IMO’s Maritime Safety Committee (MSC) that containers must be weighed before being stowed on board ship; however it  stresses that the weighing of containers should not burden port handling activities. ESPO explains that the verification of a containers’ weight can indeed play an important role in enhancing safety in maritime transport and the whole transport chain


Balearia Requests US-Cuba Ferry License

Photo courtesy of Balearia

Balearia has requested a license to operate between the U.S. and Cuba from the U.S. Treasury Department, after both countries' announcement of the reestablishment of diplomatic relations. The shipping company is awaiting an official response from the U.S


Single Window Reporting for All German Ports

  Effective from 27 May 2015, German Authorities will implement the reporting requirements for vessels according to EC-directive 2010/65/EU (national single window reporting formalities). This directive is designed to achieve harmonization and simplification of reporting formalities in


Expanded World Maritime University Campus Inaugurated

Photo: IMO

Expanded premises for the World Maritime University (WMU) were inaugurated on Monday, May 19, 2015 in Malmö, Sweden, by IMO Secretary-General and WMU Chancellor Koji Sekimizu.   WMU is an international educational institute for the maritime community, operating under the auspices of IMO


European Ports Identify Their Priorities

Photo: European Sea Ports Organisation

European ports are real “multitaskers”: they combine different functions ranging from gateway to the world, nodes in the transport chain, hotspots for Europe’s industrial activity, safe and secure shelters, the link between Europe’s peripheral regions and islands to the


Africa Should Tap its Maritime Resources: IMO

Koji Sekimizu - Photo:  International Maritime Organization (IMO)

 The huge potential of the oceans and the maritime industry to assist in the development of the African continent has already been noted, International Maritime Organization (IMO) Secretary General Koji Shemizu, has said.   African should emulate Japan in exploiting their vast maritime


Tor Svensen: Europe Must Drive Maritime Sector

Tor Svensen, CEO of DNV GL – Maritime, outlined three priority areas that will drive shipping in the decades to come in his keynote speech on innovation at the European Shipping Week in Brussels. (credit: ESW)

Europe has a major role to play in driving the maritime industry forward, said Tor Svensen, CEO of DNV GL – Maritime, in his keynote speech on innovation at the European Shipping Week in Brussels. Svensen outlined three priority areas that will drive shipping in the decades to come:


India-ASEAN Maritime Pact Soon

Sushma Swaraj - Pic by External Affairs Ministry, India

 India has expressed the hope that the Asean-India Maritime Transport cooperation agreement will be finalised by the end of the year, External Affairs Minister Sushma Swaraj said.   "We have identified maritime cooperation as a major area and both sides have started talks on a


ABB to Power Tallink's LNG Ferry

Photo courtesy of Tallnik

ABB has won an order to deliver complete electric power plant, electrical propulsion systems and an energy management solution for Estonia-based Tallink Grupp´s new liquefied natural gas (LNG) powered fast ferry. The large-scale ferry will be built at Meyer Turku shipyard in Finland for


CMA CGM Makes Jamaica its Caribbean Hub

Photo: A Gilbert Bellamy

The CMA CGM Group announced that Farid T. Salem, CMA CGM Group Executive Officer, signed on April 7, in Kingston – Jamaica, an agreement with the Port Authority of Jamaica granting the CMA CGM Group the concession of Kingston Container Terminal for 30 years


ICS Dismisses Claims of Worsening Ship Efficiency

The International Chamber of Shipping (ICS) has dismissed the recent claim by the European environmental lobby group Transport and Environment (T&E) that modern ships are somehow less CO2 efficient than those built over 20 years ago as ‘fanciful’.


Cargo Ferry Project Moves Transport from Road to Sea

M/S Kvitbjørn (Photo: DNV GL)

A new competitive and eco-friendly maritime transport concept, the Cargo Ferry project, was presented in Oslo today. The result of more than two years of work, the concept has been developed as an alternative transport solution for containers that are carried for more than 200km on land


Challenges to Barcelona Port's Third Strategic Plan

Courtesy Port of Barcelona

  Growth, competitiveness and sustainability are the three axes that underlie the Port of Barcelona's Third Strategic Plan 2015-2020, which sets the main objectives for the coming years. This Plan maintains the Port's mission as defined in the previous two plans: “To contribute to


EU Adopts New Ship CO2 Reporting Rules

Image: The International Chamber of Shipping (ICS)

 Members of the European Parliament (MEPs) have supported draft EU rules requiring ship-owners using EU ports to monitor and report CO2 emissions each year.   The text establishes an EU-wide system for monitoring, reporting and verification (MRV) of greenhouse gas emissions from


Busan Port Unveils Expansion Plans

The Korean government announced plans to add a further 15 berths to its flagship Busan New Port in the south of the country to increase container capacity by 15.8 million TEU. The new facilities will be a mix of container terminals, feeder terminals and multipurpose terminals and work will begin


CMA CGM'S Largest Ship Crosses Suez Canal

CMA CGM Kerguelen

The CMA CGM Group has announced that the CMA CGM KERGUELEN, the group’s largest vessel, crossed the Suez Canal for the first time on May 2, 2015. On this occasion, the Suez Canal Authority Chairman, the Admiral Mohab Mameesh, boarded the CMA CGM KERGUELEN and completed a section of the Canal






 
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