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OCEAN TRANSPORT

Ho Named to LASCO Board

Lasco Shipping Co.’s Chief Executive Officer Kenneth M. Novack announced that Steven T. Ho has joined the Lasco Board of Directors. Ho, President of Fairmont Shipping (Canada) Limited, headquartered in Vancouver, B.C., Canada, joins George Wood and Anthony Gurnee as outside directors of Lasco. “We’re extremely pleased that Steven Ho has joined our Board,” commented Novack, calling attention to Ho’s over twenty-five years of global shipping experience, including senior management positions in New York, Tokyo and Hong Kong. Over the years Ho has been involved in many aspects of shipping, from sales to brokering, technical management to operations, project development to financial management. Novack went on to note that Ho’s background in privately owned shipping companies engaged in world-wide ocean transport brings additional expertise and depth to the Lasco board as Lasco continues to strategically position itself in the twenty-first century global market-place. This announcement is seen as the latest in a series of initiatives this past year by Lasco to strengthen its core management and Board, to strengthen its commercial flexibility through selective alliances and pool arrangements, and to renew its fleet through an active newbuilding program.


SeacorHoldings OrderTwo LPG Carriers

Seacor Holdings Inc. (SEACOR) announced  that it has executed an agreement with Hyundai Heavy Industries Co., Ltd. (HHI), through a subsidiary of SEACOR Ocean Transport Inc., for the construction of two Liquefied Petroleum Gas tankers (Very Large Gas Carriers, otherwise known as VLGCs) with expected deliveries in 2014 with an option to purchase up to three additional VLGCs with delivery in 2015.  These vessels will be equipped to meet current and expected environmental and


Qatar Navigation (Milaha) Increases Net Profit in H1 2012

Qatar Navigation (Milaha) Q.S.C. announce its financial results for the first half of 2012, ending June 30th. Summary financial results are as follows:     •    Operating revenues of QR 1.164 billion vs. QR 1.159 billion for the same period in 2011, an increase of 0.4% year over year.     •    Operating Profit of QR 320 million vs. QR 300 million for the same period in 2011, an increase of 6.6% year over year.


Demand Rising to Keep Stuff Cool on Ocean Voyages

Søren Skou, CEO of container shipping giant Maersk Line is keynote speaker at the 4th Cool Logistics Global conference, 24-26 September in Antwerp, Belgium. Mr. Skou will outline Maersk’s position on the critical actions now needed to sustain the future of global refrigerated transport. Over the past decade and more, expansion of refrigerated container ocean services has underpinned growing world trade in an ever-widening range of perishable commodities


Navy Transport Dock Ship Tests Spacecraft Recovery

Spacecraft Orion recovery trial: Photo courtesy of USN

The first installment of a new and historic partnership between the Department of Defense and National Aeronautics and Space Administration begins as the amphibious transport dock 'USS Arlington' (LPD 24) conducts a stationary recovery test of the Orion crew module while berthed at Pier 12, Naval Station Norfolk. During this test, a waterborne Orion crew module (a 16-foot, four-personnel upgrade of the Apollo capsule, which was half the size and carried a crew of three)


AAL Fleet to Expand, Surpass 500,000 DWT in 2015

  The AAL Bangkok (Photo courtesy of AAL)

  Global ocean transport operator AAL today announced plans to increase the size of its fleet to over 500,000 dwt in 2015.    Comprising owned and chartered vessels, the move will add needed capacity to the multi-purpose sector’s youngest and most advanced fleet, in support of growing global demand, the company said.   The company also announced it had doubled revenues in the past two years


Colle Shipyard Contract, New ASD Tug

Photo courtesy Signet Maritime

John H. Colle, Jr., President of Colle Towing Company, Inc., Pascagoula, Miss., announced that Signet Maritime Corporation has awarded a new-build contract to Colle Shipyard for construction of Signet Weatherly, a Robert Allan designed RAmparts 3200 105-ft x 38-ft by 17.7-ft ASD tug.  The vessel will be built and classed to ABS Maltese Cross, AMS, Ocean Towing Service standards. She will be employed in Signet’s expanding US Gulf and overseas harbor


Two 171 MW Floating Power Plants for Venezuela

Photo courtesy Waller Marine, Inc.

Waller Marine, Inc of Houston, Texas will soon launch and christen what will become the world’s largest floating power generation facility when installed at a designated site in Venezuela. The two power barges, which Waller has under construction at the Signal International Shipyard in Orange, Texas, will be transferred from their land based construction locations to the water during the next few days and christened by Venezuelan dignitaries at a ceremony at the shipyard on August 21


Dockwise to Finance New Type 0 Vessel

Dockwise Ltd. Board of Directors approved of the commissioning of a newbuild vessel to serve the emerging demand for ocean transports with capacity of above 100,000 metric tons, and the notice of the same date for a special general meeting (SGM) to authorize the proposed rights issue to part-finance the investment.   The SGM of the company was held on Nov. 23 in Amsterdam, the Netherlands, and all items were resolved in accordance with the Board of Directors' proposals as set out in


WWH Q3 2013 Results Impacted by Weak Shipping Market

Photo courtesy of Wilhelmsen

Reduced volumes of high and heavy cargo and seasonally lower demand for maritime services negatively affected Wilh. Wilhelmsen Holding ASA (WWH) total income and result in the third quarter of 2013. Current activity level for group entities is expected to continue. Operating profit for the third quarter of 2013 was USD 96 million (USD 260 million) based on a total income of USD 873 million (USD 1 075 million). Income and results for the third quarter of 2012 were positively impacted by a


Pan Ocean on Recovery Path

Photo: Pan Ocean Co.

 S. Korea’s Pan Ocean Co.  is expected to see its earnings improve amid rising Baltic Dry Index (BDI) that affects spot contracts accounting for more than half of the South Korean bulk carrier’s total shipping contracts, reports the Pulse.  


MOL Launches Coastal LNG Transport in Indonesia

Layout of the LNG Carrier Triputra, the FSUand FRU (Source Gas Entec) Photo MOL

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today teamed up with a local partner in Indonesia, PT Pelindo Energi Logistik (PEL; President Director: Denny Hermanto) to launch joint operation of the LNG carrier Triputra


Hapag-Lloyd, Competitors Form New Pact

File Image: a Hapag Lloyd boxship alongside during cargo operations (Hapag-Lloyd)

To fend against M2, newly forming Ocean Alliance is latest push for economies of scale groups. German container shipping firm Hapag-Lloyd has formed a new alliance with five Asian competitors, it said on Friday, the latest step in an industry reorganisation that is divvying up the global


AAL Boosts Chinese Operations

Photo: AAL Shipping

 Leading global ocean transport operator, serving the breakbulk, heavy lift and project cargo industry AAL is set to strengthen its growing presence in the China region, with the appointment of specialist project and steel cargo freight forwarder Central Oceans


MOL Adopts Thermal Imaging System for Coal Carriers

Remote monitoring of coal temperature during loading

Mitsui O.S.K. Lines, Ltd. today announced the introduction of the FLIR C2 thermal imaging system commercialized by FLIR Systems Japan K.K. on MOL Group-operated coal carriers.   The system, which relies on infrared rays, helps prevent spontaneous combustion of coal in the cargo hold


ESL Shipping to Enter the Renewable Energy Market

Photo: ESL Shipping Ltd

 ESL Shipping and AB Fortum Värme have signed an agreement for biofuel transport. The agreement provides ESL Shipping with access to the renewable fuels transport market. The company's transport operations to the new Värtan Energy Port in Stockholm will commence at the end of this


BioWAVE Unit Deployed near Port Fairy

BioWAVE Unit being deployed in Water Photo BPS

  Ocean energy company BioPower Systems (BPS) completed the deployment of its 250kW bioWAVE pilot demonstration unit off the coast near Port Fairy, Victoria.   The $21 million project has been in development by BPS for three years


Cargill to Close London Shipping Unit as Sector Crisis Worsens

Global commodities trader Cargill will close its London shipping office in another sign of the worsening crisis battering the dry freight market, the company said on Thursday.   Financial markets have been in turmoil since the start of the year due to worries over the health of the world


What if Shippers Miss Weight Rule Deadline?

Pic: Maersk Line

 It seems increasingly unlikely that all shippers will be ready to meet their new verified gross mass obligation in July. What impact will this have on supply chains?    Drewry has previously alerted exporters and importers of the lack of progress and the many uncertainties left


Amazon Expands Logistics Reach in China

Amazon.com Inc is aggressively expanding its logistics operations in China as part of a broader effort to control the rising cost of shipping billions of packages.   Its plans in China, outlined in filings there, include handling cargo and customs for goods headed to ports in Japan


Arctic Shipping Routes May Open by 2080 -NOC

Photo: NOC

Commercial summer shipping across the North Pole may be possible by the end of the century, with the first potential crossings feasible for ice-strengthened ships around 2040.    According to this study, by scientists at the National Oceanography Centre (NOC)


Drewry Launches e-Sourcing Solution

Drewry, an independent research and consulting firm to the shipping sector, has launched a new e-Sourcing solution for global ocean transport exporters and importers.   The new e-Sourcing Ocean Freight Solution (eSOFS) combines Drewry’s freight rate benchmarking intelligence


CLIA Joins World Ocean Council

Cruise Lines International Association (CLIA) has partnered with the World Ocean Council (WOC), an international business leadership alliance dedicated to Corporate Ocean Responsibility.   For years, cruise lines have implemented policies and procedures to reduce the industry’s


China Cosco Shipping to Maintain Alliances until Expiry

Photo: China Cosco Shipping

China Cosco Shipping plans to retain its current container alliances until they expire, after which it plans to sign a new deal, it said on Monday.   The group's spokesman, Yu Zenggang, did not say when the current alliance agreements were due to expire.  


New Shipping Firm Sets up in Vancouver

A new shipping company has established itself in Vancouver as the Vancouver International Maritime Centre (VIMC) completes its Asia tour, launching in Tokyo, Singapore and Hong Kong.   Greystoke Marine Management Ltd. is the latest company to choose Vancouver for its base of operations






 
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