The U.S. and India agreed to beef up maritime security to prevent the use of shipping containers for smuggling weapons of mass destruction and other trans-national crimes, the Times of India reported. Reaffirming their commitment to the free flow of commerce and to the safety of navigation at sea, the two countries agreed to conclude a Maritime Cooperation Framework to enhance security on the high seas. This will allow the two sides to prevent piracy and other trans-national crimes at sea, carry out search and rescue operations, combat marine pollution, respond to natural disasters, address emergent threats and enhance cooperative capabilities, including through logistics support. (Source: Times of India)
May 26 1944 - USS England sinks fifth Japanese submarine in one week 1952 - Tests from 26-29 May demonstrate feasibility of the angled-deck concept conducted on simulated angled deck on USS Midway 1990 - USS Beaufort rescues 24 Vietnamese refugees in South China Sea May 27 1813 - American joint operations against Fort George, Canada 1919 - Navy NC-4 completes trans-Atlantic flight from Newfoundland to Lisbon, Portugal
Spain's refusal to allow the stricken tanker Castor into sheltered waters is hampering the trans-shipment of gasoline from its damaged holds, its owner Athenian Sea Carriers said on Tuesday. "All we're asking for is to come four to five kilometers (2/3 miles) off the coast where it is more sheltered for a safer trans-shipment," a company official said. Since the Castor, carrying 29,500 tons of gasoline, developed a 20-m crack in its deck 16 days ago it has approached Spain
Evergreen Line has announced a rationalization plan with the CKYH Alliance (Coscon, "K"LINE, Yang Ming, Hanjin Shipping) for the U.S. East Coast / Northwest Europe Service. The new service combines their Evergreen Line's Trans Atlantic string of North Asia-U.S. East Coast-Europe pendulum service (NUE) and the Alliance's existing Trans Atlantic service - loop1 (TAS1) into a new Trans Atlantic Express service (TAE) commencing September 2009.
As China’s international trade remains seemingly ever-growing, the country continues to seek diversified options for expanding its global trade. The prospect of Arctic shipping passages have generated much discussion throughout the industry, especially as weather trends seem to implicate a potentially vast opening of passable routes, most specifically for China in the Northern Sea Route. Executive Director of The Arctic Institute, Malte Humpert, conducted a study
NOIA President Randall Luthi issued the following statement on BOEM's conditional approval of Shell's revised Chukchi Sea exploration plan: The BOEM's (Bureau of Ocean Energy Management) decision to conditionally allow Shell to proceed with the carefully planned and coordinated drilling effort in Alaska is good news. The potential for energy development in the Chukchi Sea would allow Alaskans to benefit from well-paying jobs and resources to safeguard the environment
Following a meeting in Singapore, the CEOs of the Grand Alliance (GA) member lines engaged in the Trans Pacific trade, Hapag-Lloyd (HL), Nippon Yusen Kaisha (NYK), and Orient Overseas Container Line (OOCL), have announced that the GA will lay up vessels during the traditional slack season, effective 20 November 2006 (week 47). MISC Berhad, the fourth member of the Grand Alliance, is not engaged in this trade. The lay up will amount to approximately 3
US Pacific Fleet Commander Admiral Scott Swift has fired a broadside at China and other regional nations who are flouting international law in the South China Sea. Admiral Scott has warned that if bullying behaviour at sea of the kind shown by China is not confronted, it will spread to land and become a "friction point" there. His remarks are part of an escalating US campaign directed against Chinese land reclamation on reefs under Beijing’s
The commercial short sea bulk activities of traditionally shortsea ship owners Carisbrooke Shipping Ltd and Nova Marine Carriers SA will be expanded and consolidated effective January 1, 2017. Notwithstanding both groups’ commercial networking offices, the coordination of all chartering and operation activities will be channeled from Nova Marine’s HQ in Lugano, Switzerland. This will include the effective control of both groups’ vessels and contracts.
The European Commission on Wednesday said it has given its conditional approval to a merger between German container shipping line Hapag-Lloyd and the United Arab Shipping Company (UASC). The merger would create a combined company worth about 7 to 8 billion euros ($7.5-$8.6 billion). It would be the world's fifth largest shipping firm, with access to the Asia-to-Europe trade route and trans-Atlantic and trans-Pacific routes.
Container shippers Maersk Line and Hamburg Süd announced a slot purchase agreement for Hamburg Süd’s volumes on the East–West trades to be shipped on vessels in the 2M network. Maersk Line acquired Hamburg Süd in December 2016
MOL Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL acquired 6 new licences in the 4th bid round in Hungary, doubling its exploration acreage in the country. MOL Norge participated in the latest APA licensing round and acquired 4
Renewed activity at the Port of Long Beach’s largest terminal and extra ships calling ahead of the Lunar New Year pushed cargo 8.7 percent higher in January compared to the same month a year ago. Dockworkers moved 582,689 twenty-foot equivalent units (TEUs) last month
ACO Marine has delivered three of its smallest Clarimar wastewater treatment units to Ukraine-based Nibulon Shipbuilding and Repair Yard for installation aboard a series of high specification project tugs. Nibulon, Ukraine’s leading exporter of agricultural products
CMA CGM, the world's third-largest container shipping company, posted on Friday another net loss in the third quarter as freight rates remained weak and it integrated Singapore-based NOL, its biggest-ever acquisition. The sector was showing the "first signs of stabilisation" as
Vietnam has approved a foreign consortium's plan to invest around $315 million in a seaport and industrial zone complex in northern Quang Ninh province, the government said on Saturday. The licence was handed on Friday to the consortium including CDC International Corp from Cayman Island
The U.S. Navy’s Guided-missile destroyer USS Nitze (DDG 94), currently deployed to the Arabian Gulf in support of maritime security operations, assisted three Iranian mariners in distress, November 18. Nitze received notification from aircraft carrier USS Dwight D
The bullish view for Suncor Energy Inc (SU.TO), Cenovus Energy Inc (CVE.TO) and other Canadian energy producers calls for Prime Minister Justin Trudeau by next month to approve a major pipeline expansion to the west coast, boosting sales of land-locked oil sands crude to Asia.
Globus Maritime Limited, a dry bulk shipping company, announced today that Dimitrios Stratikopoulos has resigned from its Board of Directors due to other recent pressing business commitments with the resignation taking effect immediately.
European cooperation is necessary in order to integrate inland waterway transport better into the multimodal logistic chains. This opinion was shared by around 130 participants from Poland, Germany, Sweden, Lithuania, Finland, Belgium and Czech Republic
Gulf Navigation Holding (GNH) announces the initiation of studies for large expansion of its operations in the northern region of the United Arab Emirates consisting of a set of comprehensive maritime activities, (the GNH Northern Project), including ship building
Taiwan's shipping lines aren't looking quite so young and fresh as they were earlier, reports Bloomberg. While the global container industry has embarked on a spree of pairings and menages-a-trois over the past 12 months, Taiwan's shipping lines have remained proudly single.
TTS Group announced the delivery of the first of four shipset of TTS deck equipment to COSCO Shanghai Shipyard. In April 2015, Shanghai Shipyard Co. Ltd., part of the China State Shipbuilding Corporation (CSSC), ordered various TTS deck equipment for four 28
Damen Shiprepair & Conversion (DSC) has taken over the management of the Curaçao Droogdok Maatschappij (CDM) as of February 1, 2017, following an agreement between the Government of Curaçao and Damen Shipyards Group in September 2016
Once upon a time, before the Chinese economic boom captured so much of the attention of the world of shipping, the US was a more important demand source for seaborne trade, says Clarksons Research. Its share of global imports is lower today