Marine link
 

ON THE ROAD

SSE Rolls Out Two Shipping Indices

Image: Shanghai Shipping Exchange

 Shanghai Shipping Exchange launched on Wednesday the "Belt and Road" shipping indices, tracking trade data and shipping freight rates under the initiatives of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, reported China Securities Journal.   The indices, with January 2015 used as the base period, will be released on the last Monday of every month.   The Belt and Road Freight Trade Index (SRFTI), is designed to track the volume and value of international trade between China and 66 countries along the Belt and Road, which are in Asia, North Africa, Europe, and Oceania, a statement of SSE said.   The Maritime Silk Road Freight Index (MSRFI), tracks the shipping freight rates of imported and exported containerised cargoes, imported dry bulk cargoes, and imported crude oil.  


China's $40b Maritime Silk Road Shaping Up

Artists perform during a Chinese Dance Drama entitled The Dream of the Maritime Silk Road, at the United Nations headquarters in New York on Feb. 4, 2015 (Image: United Nations, Youtube)

China's $40 billion fund to finance its most ambitious global plan - the Silk Roads and Maritime Silk Road is moving forward steadily as its management team has taken shape.  China has appointed top officials to manage the fund. A team headed by Wang Yanzhi, an official with China's foreign exchange regulator, has been formed to formally operate the fund.   People's Bank of China (PBOC) assistant governor Jin Qi will be the fund's chief executive and Zhu Surong


China to Link Maritime Silk Road with India's 'Mausam'

Map: PIB

 China has expressed its readiness to work with India to link its ambitious Maritime Silk Road plans with India's 'Mausam' project in a bid to address New Delhi's strategic concerns and derive "common benefits", reports PTI.   Ever since the "One Belt and One Road" initiative to revive the ancient Silk Road and Maritime Silk Roads (MSR) was mapped out by Chinese President Xi Jinping, India has been showing vacillation and hesitations over whether to join the


USCG and USN Open Harbor Operation Center in Hampton Roads

The Coast Guard the U.S. Navy opened the Hampton Roads Sector Command – Joint Harbor Operations Center (SCC-JHOC) on March 24. The SCC-JHOC combines detection capability and command and control functions of Coast Guard and Navy entities within the Port of Hampton Roads. The mission of the Coast Guard and Navy personnel is to detect, monitor, and track vessel movements, critical port infrastructure, and militarily essential waterways in the port area


Rail-Barge Service from Eastern Shore to Resume

Governor Bob McDonnell announced today that the Bay Coast Railroad Car Barge will resume service next week as a result of a partnership between the Commonwealth, area localities, and the Bay Coast Railroad.  The barge, which was removed from service last year, provides connecting service between the Virginia’s Eastern Shore and Norfolk/Virginia Beach. Last year, the Bay Coast Railroad suspended service on the barge when it identified $1 million in structural deficiencies critical to


Port of New Orleans: Varied Third 2013 Meeting Agenda

The port informs that its meeting no. 3 of fiscal year 2013-2014 is to be held on Thursday, September 26, 2013, 11:00 a.m. in the main auditorium at 1350 Port of New Orleans Place, New Orleans, Louisiana. The order of the meeting is as follows: I. Determination of Quorum and Call to Order II. Pledge of Allegiance III. Approval of Minutes for August, 2013, Meetings IV. Acceptance of Financial Statement for August, 2013 V. Public Comment VI. Actions Required


New Ferry Gets Volvo Penta Engines

The car ferry Venus, which recently entered traffic, is the Swedish Road Administration’s most modern ferry and the first in a series with a distinct environmental profile. The propulsion engines onboard are modern Volvo Penta low-emission engines equipped with catalytic converters and particle filters. The high efficiency of the engines results in low fuel consumption and good performance. The Road Administration’s ferry unit, with slightly more than 60 ships


Container Ship Runs Aground at Fremantle Port

Maersk Garonne (Image by Maersk Line)

 A ship that ran aground at Fremantle Port early Saturday has been refloated. The 62,000-tonne Denmark-registered container ship Maersk Garonne became stuck in soft sand about 500m off South Mole.   Jeanette Murray from Fremantle Ports said: “the Maersk Garonne was pulled free by tugs around 8.30am and will go to anchor in Gage Roads to be assessed by the Australian Maritime Safety Authority."  


Hampton Roads Receives Rescue 21

The Coast Guard's Rescue 21 Acquisition Project will hold an acceptance ceremony and demonstration at Coast Guard Sector Hampton Roads. Rescue 21 is the Coast Guard's critical command, control and communications acquisition project, offering cutting edge technology to mariners nationwide.  The system is the backbone of the National Maritime Distress and Response System, a maritime version of 911 that allows the boating public


CMA CGM Suspends TBL Service to Bamako

Pic: CMA CGM

 Due to operational constraints, CMA CGM informs its customers that the rail service from Dakar (Senegal) to Bamako (Mali) is suspended until further notice.   In order to ensure service continuity, CMA CGM reminds that road service remains available from Dakar to Bamako in 13 days.   Please note that road transport is subject to a governmental fee, "Fonds de Garantie Routier" which is payable by the shipper.  


Cosco Bypasses Railway Strike by Sea Route

Photo: Greece Piraeus Container Terminal

 Cosco has decided to transfer its containers to the port of Koper in Slovenia from Piraeus in order to deal with the Greek railway strikes.   Cosco has got around the problem created for its freight forwarding network by Greek railway workers’ ongoing strike action by sending


First Shipload of LNG Arrives at Skangas Terminal Finland

First shipload of liquefied natural gas to Finland arrived at Skangas LNG import terminal in Pori. Photo Gasum Oy

Sunday July 10th 2016 the first shipload of liquefied natural gas (LNG) arrived at the Gasum’s subsidiary Skangas LNG terminal in Pori. To be completed in August, the facility is the first LNG import terminal in Finland. LNG was brought with the time chartered Skangas Coral Energy carrier


China and India Key Markets for Transportation

Image: Norton Rose Fulbright US LLP

 The transport sector is looking to Asia Pacific as the key market for investment over the next five years, according to the seventh The way ahead Transport survey from global law firm Norton Rose Fulbright.   China and India are the most popular jurisdictions for investment


New Maersk CEO Soren Skou Mulls Revenue Growth

Soren Skou. Photo: Maersk Group

 New AP Moller-Maersk chief executive Soren Skou is aiming for revenue growth according to an interview with the Financial Times. He reveals the task ahead after succeeding Nils Andersen.   Danish conglomerate boss said that the group was buffeted by short-term “headwinds”


India’s Potential in Offshore Wind Power

Image: DNV GL – Energy

 The Global Wind Energy Council (GWEC) launched a new report: “Supply Chain, Port Infrastructure and Logistics Study” for offshore wind development in the states of Gujarat and Tamil Nadu in India.    This study is a significant step forward in preparing a roadmap for


Construction of new Stockholm Norvik Port Begins

Stockholm is strategically important for one of the worlds biggest container operators Photo Ports of Stockholm

For Hutchison Port Holdings (HPH), one of the world’s leading container terminal operators, Stockholm is strategically important. In April the final permit was obtained to begin construction of the new Stockholm Norvik Port. Ports of Stockholm will build and own the container terminal


Essar's Terminal at Kandla Port crosses 100 mi tonne throughput

Vadinar Oil Terminal Photo Essar

The marine terminal of Vadinar Oil Terminal Ltd (VOTL), which is part of Essar Ports Ltd, has been the best performing terminal in the Kandla Port Trust (KPT) for two consecutive years. The terminal recently received a certificate of appreciation from KPT


MPA to Enhance Collaboration with Rotterdam Port

Photo: Maritime and Port Authority of Singapore

 Chief Executive of the Maritime and Port Authority of Singapore (MPA), Andrew Tan, attended the second Port Authorities Roundtable (PAR) in Rotterdam.    Hosted by the Port of Rotterdam Authority (PoR), the closed-door roundtable event brought together port authorities from major


VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.   VEB said in a statement that the guarantee would help encourage overseas financing for the Yamal project


First U.S. Ship-to-Shore Drone Delivery

(Photo: Flirtey)

Flirtey, a Johns Hopkins University School of Medicine doctor and the Field Innovation Team showcase humanitarian potential of drones for the United Nations and American Red Cross.    Drone delivery service Flirtey and Dr. Timothy Amukele


DP World Chairman Meets President of Kazakhstan

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem with the President of Kazakhstan, Mr Nursultan Nazarbayev, during the St. Petersburg International Economic Forum in Russia Photo DP World

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem met with the President of Kazakhstan, Nursultan Nazarbayev, at the St Petersburg International Economic Forum (SPIEF) this week to enhance the co-operation between DP World and Kazakhstan.   


COSCO Shipping Bulk Sets Sail

Photo: COSCO Group

 The world's largest bulk vessel fleet in terms of both ship numbers and deadweight tonnage COSCO Shipping Bulk Co is officially launched in Guangzhou. Its a merger between two companies - COSCO Bulk Carrier Co and China Shipping Bulk Carrier Co.  


Dry Bulk Recovery will Require a Team Effort

(Photo: Pierre F. Beckman, Bulldog and Partners)

Experts believe the dry bulk market is positioned to become profitable by 2019 – but only if a series of sustained measures are taken year on year by the ship owning community as a whole, according to a report recently published by BIMCO.  


IRISL launches Direct Container Service from Incheon to M.E.

Courtesy IRISL

THE Incheon Port Authority said a regular container service connecting the port directly to the Middle East has been launched for the first time, backed by the Islamic Republic of Iran Shipping Lines (IRISL). According to MANA,The Iranian state-run IRISL will deploy its 5


ClassNK Returns to Iran

Image: ClassNK

Japanese classification society ClassNK announced it has resumed operations in Iran with the reopening of its Tehran office and agreements with the Iranian Classification Society (ICS) and Ports and Maritime Organization (PMO), Ministry of Roads & Urban Development of Iran.






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright