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Banks Won't Fund Coal Port Expansion near Reef

Germany's largest bank, Deutsche Bank AG, has declared it will not finance a controversial coal port expansion in Australia near the Great Barrier Reef, responding to calls from environmental groups and tourism operators. HSBC, Europe's biggest bank, also signalled on Friday it would be unlikely to finance the project. Deutsche Bank's stand marks a win for those opposed to $26 billion worth of coal projects that plan to use the Abbot Point port, already facing delays due to weak coal prices. But one company involved said the bank's position made no difference. "This doesn't impact our proposed projects in any way," Indian firm GVK Hancock spokesman Josh Euler said. Green groups and marine operators fighting to protect the World Heritage-listed reef took their campaign to Europe this week, urging Deutsche Bank, Societe Generale and HSBC not to back the Queensland coal projects. They want to stop a government-approved expansion of Abbot Point that would involve dumping 3 million cubic metres of dredged soil about 25 kilometres (15 miles) from the Great Barrier Reef, an issue that is also of concern for UNESCO's World Heritage committee. Campaigners against the Abbot Point expansion failed to win support from Societe Generale on Tuesday, according to their web site, but were successful at Deutsche Bank's annual meeting on Thursday. (

MacGREGOR Signs Offshore Orders

During November MacGREGOR won offshore equipment orders with a total value of over $73.5 million (50 million euros); the equipment will be delivered during 2009-2010 Offshore equipment orders recently signed by MacGREGOR’s Offshore division include the single biggest order in the history of the newly acquired Norwegian company Hydramarine AS. This is for two Hydramarine active heave compensated (AHC) cranes for an offshore vessel being delivered in 2010 to a Norwegian shipowner

First Phase Completed at Changxing Shipbuilding Base

The first phase of the Jiangnan Changxing Shipbuilding Base has been finished and is already in operation on Changxing Island, Shanghai. Built by the China State Shipbuilding Corporation (CSSC), it has three production lines and four boatyards capable of holding 300,000-ton ships. Almost unparalleled in the world, it is the biggest shipbuilding project ever to be undertaken in China. Shanghai has the potential to be the world's largest shipbuilding base.

Len celebrates 100th on the Ship Canal

Len Jones (2nd left) at QEII Dock with (l-r) former colleagues Jim Cordiner, David Ogilvie, Ray Howells and current Ship Canal general manager Dean Hammond.

Len Jones was born in 1911, the coronation year of King George V and the year the Titanic was launched at Harland & Woolf in Belfast. During his lifetime there have been four British monarchs, 19 Prime Ministers, two World Wars and the break up of the British Empire. Women have won the vote, man has landed on the Moon and the world has seen the invention of television, computers, the internet, mobile phones and SatNavs.

Lloyd's Register Foundation Funds Big Data Study

Towards data-centric engineering

  The Lloyd’s Register Foundation today launched its Foresight review of big data and announced a conditional grant offer of £10 million to support research by the Alan Turing Institute on engineering applications of big data. The Foundation’s Foresight review of big data: towards data-centric engineering, looks forward at how developments in the area of big data might impact the safety and performance of the engineering assets and infrastructure on which modern

ABP Port of Southampton Welcomes its Latest Record-Breaker

Photo: ABP Port of Southampton

 The biggest container ship in the world, the MSC Maya, made its maiden call at Southampton on Tuesday 15 December.    The 395.4m vessel, which can carry a world-leading 19,224 containers, is just the latest giant container vessel to call at the port in recent weeks.   As well as being the biggest, the vessel, which is named after Maya Aponte the four-year-old daughter of MSC President and CEO Diego Aponte

Petrobras Announces Four Oil Field Finds

Brazil's state oil giant Petrobras said on Thursday that it had made four "important" new oil finds that should boost its oil reserves by about 1.4 percent. Petrobras said the discoveries in Brazil's northeast region would eventually increase reserves by more than 130 million barrels, or 1.4 percent. Brazil's current reserves are 9.278 billion barrels. The finds were made in four mature fields where production was thought to be declining.

J. Ray McDermott’s Mid-East Lay Barge

Since 1960, J. Ray McDermott's Middle Eastern facility has fabricated and installed over 630 structures, 330,693ST of steel, and has installed over 2,610 miles of pipeline throughout the Arabian Gulf, Egypt, India, the Caspian, Africa and the North Sea. Recently they have upgraded one of the assets that make these remarkable numbers possible. The firm’s Derrick Lay Barge-27, owned by Hydro Marine Services but operated by McDermott, now has an impressive set of specifications

Cargill Dumps Shipping Arm

Cargill has announced a change in shipping strategy, following the sale of its last four remaining Panamax bulk-carriers, and from here on will charter in ships for all its cargo requirements. "The widespread trend towards consolidation and size within the ship owning segment implies one either gets bigger or scales back," said Vice President of Cargill International Tom Intrator in a statement. "And in our case we have chosen the latter."

MSC Ships Get Bigger

MSC Divina. Photo courtesy of MSC Cruises

MSC Cruises, the 4th largest cruise line, confirmed the existing STX France options to build an additional two ships in the Meraviglia class.    The ships, valued by MSC at $1.7 billion, will be longer and bigger versions of the Meraviglia-class ship, which is scheduled to begin with the 167,600-gross-ton MSC Meraviglia in 2017.   MSC now has four firm orders on the books from STX France, plus another three ships at Fincantieri.    

DSME Denounces McKinsey Report

Pic courtesy: VisitKorea

 The report by Global consulting company McKinsey & Company that Daewoo Shipbuilding & Marine Engineering (DSME) is least likely to survive among the big three shipbuilding companies has brought about strong opposition from DSME.   

Sir David Attenborough Lays Keel for New Polar Research Ship

(Photo: Cammell Laird)

U.K. shipbuilder Cammell Laird held one of the largest ceremonies in its history when Sir David Attenborough joined more than 1,000 people for the keel laying of the new £150 million polar research vessel.   Construction was officially started by the world-renowned naturalist and

Hyundai Mulls Bid for Hanjin Assets, Routes

Photo: Hanjin Shipping

Hyundai Merchant Marine is considering bidding for its bigger local rival Hanjin Shipping Co.'s Asia-U.S. route, reports Yonhap.   Hyundai Merchant, currently under a creditor-led debt restructuring scheme, is planning to submit a preliminary bid for Hanjin Shipping's route

Korea's Top 3 Shipbuilders' Shaky Performance

File Photo: Samsung Heavy Industries

 The value of contracts signed by Korea's big-three shipbuilders— Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering, and Samsung Heavy Industries — fell far behind the amount they projected for this year, reports The Korea Herald.  

COSCO Eyes Doubling of Piraeus Cruise Traffic

File photo: Piraeus Port Authority

China's biggest shipping company, COSCO Shipping, is aiming to more than double the number of cruise passengers using Greece's biggest port in Piraeus, in coming years, the chairman of the group, Xu Lirong said on Monday. "The movement of cruise passengers is around 1

Empire State Stake, Melbourne Port Among Q3 Sovereign Fund Acquisitions

Photo: Port of Melbourne

An Australian port and a stake in the Empire State Building's operator were among assets acquired by sovereign investors such as wealth funds and state pension funds in the third quarter of 2016, with deals totalling $21.2 billion. The combined value of deals was up 38 percent from the previous

NYK Steams Ahead

(Photo: NYK)

Tokyo-based Nippon Yusen Kaisha (NYK) Group is not only one of the world’s largest ship owners with a diverse fleet of more than 800 ships, it is a growing global maritime logistics powerhouse. Maritime Reporter & Engineering News visited with Yasuo Tanaka

Shippers Brace for IMO's New SOx Rules

Photo: Eric Norcross

IMO to decide whether to introduce rules in 2020, or 2025; EU, China already pushing for stricter regulation. The global shipping industry is bracing for a key regulatory decision that could mark a milestone in reducing maritime pollution

COSCO, China Shipping Merge Shipbuilding Units

Photo: Cosco

 China’s two biggest state-owned shipping companies plan to merge 11 shipbuilding yards into a single entity in one of the industry’s biggest consolidation moves yet, reports Wall Street Journal.   China’s two biggest state-owned shipping companies plan to merge 11

Japan's NYK Line Warns of $1.9 bln hit to Earnings

NYK Line may book losses as shipping slump slashes asset values. Nippon Yusen, Japan's biggest shipper by sales, warned it would book a $1.9 billion hit to first-half income, after the industry's deepening slump forced it to write down the value of container ships and other assets.

Can Shipping Keep Its Big Break Going?

Graph: Clarksons Research

In today’s conditions, the shipping industry needs supply-side re-positioning to help the markets back to improved health, and increased recycling in recent years has been a clear part of this, says Clarksons Research.   However, there’s still some way to go to better times

ASRY Woos Back Greek Major Owner

ASRY for the recent repair of ‘Cap Diamant’,   ASRY   Photo Cap-Diamant-web

ASRY has successfully brought one of the European tanker market’s biggest tanker fleet owners back to the yard. Euronav, the Greece-base owner, operator and manager of a fleet of 53 modern large tankers, chose ASRY for the recent repair of ‘Cap Diamant’, a  Suezmax tanker

German Multi-Mission Warship Project Delayed

A tender worth around 4 billion euros ($4.5 billion) for four warships for the German navy has been delayed by around six months to ensure quality standards are met, according to a copy of a defence ministry letter seen by Reuters on Tuesday.

DCNS Mulls Buying Stake in STX France

Photo: STX France

The head of the French state-controlled naval defence group DCNS said on Wednesday it was "closely studying" a possible stake purchase in STX France, a shipyard subsidiary of the struggling South Korean conglomerate STX Corp.  

Caribbean’s Largest Mobile Harbor Crane Delivered

The new Liebherr mobile harbor crane LHM 600 high rise, is ready for transhipment Rostock, Germany to Kingston, Jamaica. (Photo: Liebherr)

Liebherr Maritime Crane has delivered the largest mobile harbor crane of the Caribbean to Kingston Wharves Limited in Jamaica. The LHM 600 is equipped with an elongated tower extension and eases the handling of big container vessels up to Super-Post-Panamax size.  

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