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GPA Marks Gains in the Fiscal Year

Double-digit growth in TEUs, autos The Georgia Ports Authority has announced  that the authority posted increases across all reporting categories for the first two months of fiscal year 2013. At its Oct. 8 meeting, the GPA board heard a report from Executive Director Curtis Foltz detailing 5.6 percent growth in tonnage across July and August, with 13.8 percent growth in total TEUs for the month of August. That’s an increase of 240,000 tons over the same two months in FY2012. “Our deepwater ports achieved a good start for fiscal year 2013, despite a slow national economy,” Foltz said. “The ports of Savannah and Brunswick have established solid momentum to start our fiscal year, which translates into increased jobs and economic opportunities throughout our region.” The Port of Savannah handled 522,744 twenty-foot equivalent container units (TEUs) over the first nine weeks of the fiscal year, for a growth of 4.4 percent. August accounted for 270,614 TEUs, the GPA’s second-highest month for TEUs, behind only October 2010. In tandem with the strong growth in tonnage, GPA rail cargo also saw a boost in numbers. Growth in intermodal activity was significant during August, and led to a record month, handling 29,364 intermodal rail moves. “Greater reliance on rail movement is a strategic initiative of the GPA, allowing the Port of Savannah to increase capacity without putting more trucks on the road


Tankers to Require Stability Instruments Starting 2016

Photo: Hanjin Shipping

Lloyd's Register informs that new stability instrument requirements will apply to all tankers constructed (keel laid) on or after January 1, 2016. These ships will be required to fit an approved stability instrument, capable of verifying compliance with intact and damage stability requirements. Oil tankers, chemical tankers and gas carriers constructed before January 1, 2016 must also comply with the requirements (by confirming or upgrading existing equipment


Panama Council Approves New Canal Tolls

Image: Panama Canal Authority

The Cabinet Council of the Republic of Panama has officially approved a proposal to modify the Canal tolls structure, following a recommendation from the Panama Canal Authority (ACP) Board of Directors.   The accepted proposal—which modifies the pricing structure for most Canal segments—will better facilitate the Canal’s goal of providing outstanding service and reliability to the global shipping and maritime community while allowing the ACP to safeguard the


OTC Approves New Construction Rules

Two new Rule-sets approved at the first Offshore Technical Committee (OTC) held at LR's Global Technology Centre in Singapore. Lloyd's Register say that these two new rule-sets will be made public later this month (May 2013). The Floating Offshore Installations at a Fixed Location 2013 Rules and the Mobile Offshore Unit 2013 Rules, contain several changes from previous versions in order to improve usability, reflect industry best practice, new novel designs and legislative changes.


ClassNK Approves New Super-Efficient Fillet Welding Consumable

Noboru Ueda, Chairman and President of ClassNK

  Noboru Ueda, Chairman and President of ClassNK announced that it has granted type approval for the new MX-200F welding consumable, developed by Kobe Steel Co., Ltd. (KOBELCO) to greatly improve welding efficiency and coating quality in commercial vessels.  Up until now, shipbuilders using conventional fillet welding consumables had to make two welding passes for the required weld leg lengths of around 8mm or above


Niger Cabinet Approves New Areva Uranium Deal

 Niger's cabinet of ministers on Friday approved a renewal of French nuclear group Areva's uranium production deal in the West African nation, the government said on Friday, completing two years of often fraught negotiations. The two parties announced the signature of a new 10-year agreement for Areva's Somair and Cominak mines in May, but Friday's green light from President Mahamadou Issoufou and his ministers clears the way for its implementation.


Llyods Register Statutory Alert:

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MARPOL Annex VI – certification of an ‘Approved Method’ for MAN B&W S60MC engines.   Applicabilty: All owners and operators of new and existing ships Classification News 22/2010 detailed changes to nitrogen oxides (NOX) controls introduced by the Revised MARPOL Annex VI. These apply to marine diesel engines, with a power output of more than 5,000 kW and a displacement at or above 90 litres per cylinder, installed on ships constructed on or after January 1


BOEMRE Approves Deepwater Drilling Permit for New Well

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) approved a deepwater drilling permit for a new well that was described in Shell Offshore Inc’s recently approved Exploration Plan.  The proposed well was also considered in the Site-Specific Environmental Assessment (SEA) completed as part of the plan review.  In order to receive the permit approval, Shell complied with rigorous new safety standards implemented in the wake of the Deepwater Horizon


Security Training to Become Mandatory for Seafarers

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The Manila amendments to the Standards of Training, Certification and Watchkeeping for Seafarers Code (the STCW Code) came into force on 1 January, 2012. The revised Code (known as STCW 2010) introduced new minimum rest hours with immediate effect and a timetable of implementation dates for training and certification arrangements. The key implementation dates are as follows:   July 1, 2013: New entrants commencing training are required to do so according to the standards laid


BOEMRE Approves Operations for Ninth Deepwater Well

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Drilling Permit Meets Critical New Safety Standards NEW ORLEANS – The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today approved a deepwater permit for the drilling of a ninth well that complies with rigorous new safety standards implemented in the wake of the Deepwater Horizon explosion and resulting oil spill. This includes satisfying the requirement to demonstrate the capacity to contain a subsea blowout


LUKOIL Introduces New Crankcase and Cylinder Oils

Piston crown on NAVIGO 6 CO in excellent condition (Photo: LUKOIL Marine Lubricants)

 LUKOIL Marine Lubricants has introduced the newly formulated NAVIGO 6 CO crankcase oil and NAVIGO 70 MCL AW cylinder oil, offering newly designed additive packages and additional benefits with regard to thermal and oxidation stability, corrosion prevention and wear protection.  


Hapag-Lloyd Agrees on Merger Terms with UASC

Photo: Hapag-Lloyd

German container shipping line Hapag Lloyd AG on Tuesday said it has reached an agreement on terms and conditions of a business combination agreement with Arab peer United Arab Shipping Company (UASC).   The deal, which would involve all shares in UASC being moved to Hapag-Lloyd


New Era of Global Trade with Expanded Panama Canal

The first commercial transit of a Neopanamax vessel through the Expanded Panama Canal (Photo: ACP)

The Expanded Panama Canal is now officially open for business.   During the official inauguration ceremony, Panamanian President Juan Carlos Varela and Panama Canal Administrator and CEO Jorge L. Quijano spoke to a crowd of more than 25,000 jubilant Panamanians, Canal employees


Traffic Separation Schemes off Western Australia

Traffic Separation Schemes south-west WA Image courtesy AMSA

On 1 December 2016 two new Traffic Separation Schemes (TSS) will come into effect off the south-west coast of Western Australia. Australia’s proposal to establish the schemes was approved by the International Maritime Organization earlier this year and adopted by its Maritime Safety


OSG Joins NYSE "Big Board"

Overseas Shipholding Group leading provider of global energy transportation services, delivering crude oil, petroleum products and liquefied natural gas throughout the world.Courtesy OSG

Overseas Shipholding Group, Inc. (NYSE:OSG) (the “Company” or “OSG”) announced today that it has been approved by the New York Stock Exchange (“NYSE”) to transfer its stock listing to the NYSE from the NYSE MKT


Bronson Hsieh Leaves Evergreen to Head Yang Ming

Bronson Hsieh. Pic by  Evergreen Group

 Evergreen Group vice chairman Bronson Hsieh has been appointed chairman of rival Taiwan carrier Yang Ming Marine.   Yang Ming Marine Transport, the nation’s second-largest container shipper in terms of fleet size, approved Hsieh’s appointment, reports said.  


LR Suggests Locations for In-water Surveys

Lloyd’s Register has recently re-appraised its guidance on locations where an In-Water Survey may be carried out.   Traditionally, these locations were known as ‘Approved Locations’, and while an In-Water Survey could be carried out at a proposed location outside of these


Greece's Competition Commission Okays OLP-COSCO Deal

Photo: Port of Piraeus

 The Competition Commission approved the sale of a majority stake in Piraeus Port (OLP) to China’s COSCO during its meeting on Wednesday, saying it is in line with Greek competition laws.   According to Greek national news agency AMNA


Maritime Security Experts Weigh in on West Africa

Risk Intelligence launches new service providing overview of operational and regulatory risks of privately contracted maritime security in West Africa   Maritime operations in West Africa are affected by threats from piracy and other maritime crime


New Subchapter M Towing Vessel Regulations Take Effect

(File photo: Eastern Shipbuilding Group)

The U.S. Coast Guard announced Monday new towing vessel regulations establishing new requirements for the design, construction, onboard equipment and operation of towing vessels.   These regulations, which were developed over time with input from the Towing Safety Advisory Committee (TSAC)


Interim Guidelines on Maritime Cyber Risk Management Approved

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The  Maritime Safety Committee of the International Maritime Organisation at its ninety sixth session (11 to 20 May 2016), having considered the urgent need to raise awareness on cyber risk threats and vulnerabilities, approved the Interim guidelines on maritime cyber risk management.


Industry Unprepared for New Container Weighing Rules, says IUMI

Pic: IUMI

 Helle Hammer, Managing Director Cefor & Chair of the International Union of Marine Insurance (IUMI) Political Forum discuss about Container Weighing Rules.   As of 1 July 2016, only containers with a verified gross mass will be allowed to be loaded on board a vessel (although IMO


DVB Bank to Dispose GOL's Six Vessels

Photos: GOL Offshore

 DVB Group Merchant Bank (Asia) Ltd, a unit of Germany’s DVB Bank SE, can now go ahead and seek bids for selling six ships of GOL Offshore, earlier known as Great Offshore Ltd, to recover their part of outstanding loans, says a report in the Livement.  


IMB: Beware Commercial Impact of Cyber Attacks

Courtesy ICC

The International Maritime Bureau (IMB) is asking shipping and maritime companies to be vigilant to the potential commercial impact that cyber-attacks can cause. IMB says that cyber security is not only about trying to identify and to prevent systems on board ships from getting hacked or


Star Bulk Sets Terms on Reverse Stock Split

Pics: Star Bulk Carriers Corp

 Athens-based Star Bulk Carriers Corp has determined to effect a 1-for-5 reverse stock split of the Company's common shares.    The Company's shareholders approved the reverse stock split and granted the Board the authority to determine the exact split ratio and proceed with the






 
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