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Satellites Reveal Worldwide Ship Traffic Up 300%

Global shipping routes crisscross the world’s oceans. Credit: Grolltech

Maritime traffic on the world’s oceans has increased four-fold over the past 20 years, according to a new study quantifying global ship traffic. The research used satellite data to estimate the number of vessels on the ocean every year between 1992 and 2012. The number of ships traversing the oceans grew by 60% between 1992 and 2002. Shipping traffic grew even faster during the second decade of the study, peaking at a rate of increase of 10 percent per year in 2011. Traffic increased in every ocean during the 20 years of the study, except off the coast of Somalia, where increasing piracy has almost completely halted commercial shipping since 2006. In the Indian Ocean, where the world’s busiest shipping lanes are located, ship traffic grew by more than 300 percent over the 20-year period, according to the research. International trade and the sizes of merchant fleets have both enlarged rapidly over the past two decades, explaining the steep rise in ship traffic, the study reports. The new analysis has been accepted for publication in Geophysical Research Letters, a journal of the American Geophysical Union. Jean Tournadre is a geophysicist at Ifremer, the French Institute for the Exploitation of the Sea in Plouzane, and the study author. The new dataset will provide scientists with invaluable insights into the patterns of ship traffic and the traffic’s effect on the environment, said Batuhan Osmanoglu


A.P. Moeller Shares Bounce Back

Danish A.P. Moeller shares rebounded on Friday after news of its purchase of Dutch tug and salvage company Wijsmuller Group Holding on Thursday, brokers said. The two A P Moeller stocks, D/S 1912 and D/S Svendborg, traded at 69,500 crowns ($7,898) and 91,500 crowns respectively, 2.2 percent and 1.7 percent up from Thursday's close. The Copenhagen bourse's top 20 index KFX was down 0.4 percent at 316.15. Moeller shares have underperformed the KFX index by more than three percent the


E&P Spending 2000: Boom or Bust?

While the theoretical jury deciding which direction the offshore drilling market will take is still out, recent data suggests that the level of spending internationally will disappoint. Calling a 10.2 percent gain in spending may seem a bit harsh, particularly given the depths to which the market has sunken in the previous two years. But considering that the price per barrel has catapulted from the $10 level early in 1999 to the mid-20's by the beginning of 2000


Millennium Fever Should Drive Panamax Market Up

Fixing to cover the millennium holiday period is expected to kick-start the Panamax market in the fourth quarter, shipping broker Simpson Spence & Young (SSY) said. "The belief is that the fourth quarter will see a major improvement as people look to fix for the holiday period," SSY said in its latest monthly report. Capesize supply/demand fundamentals were also looking strong for the period, the broker said. However


Kirby Corp. Records Solid Results

Kirby Corp. has apparently had success incorporating Hollywood Marine, a move which effectively created the largest inland barge operator in the country. In February, the company reported earnings per share (EPS) of $0.38, versus $0.31 a year ago. While the company appears strong, poised for further growth, there are some concerns as noted in a research report from Lazard Freres & Co. LLC. Management expects the slowing U.S


Worldwide Ship Traffic Up 300% Since 1992

Global shipping routes crisscross the world’s oceans in this map of shipping lanes derived from a 2008 study of the human impact on marine ecosystems. (Credit: Grolltech)

Satellite data reveals major boost in shipping traffic Maritime traffic on the world’s oceans has increased fourfold over the past 20 years, according to a strudy recently published by the American Geophysical Union which examined international ship traffic. The research, which used satellite data to estimate the number of vessels on the ocean every year between 1992 and 2012, found that the number of ships traversing the oceans grew by 60 percent over the time span


Carib Tanker Rates Tank In New Year

Caribbean dirty tanker trades have sustained a massive hit, tumbling from W255 at the end of last week to W202.5, New York brokers said. "The holiday doldrums have left a lot of spare tonnage and that has affected rates. With both Christmas and New Year's Day falling on Mondays this year, we've had two short weeks in a row and the market simply couldn't take that," said one dirty tanker broker. He pointed to Exxon's fixture of the 70,000 tonr Lucky Lady from Covenas to the U.S


ABB Wins $26m Marine Repeat Order

Titan+Class_Bird+view.jpg

ABB won a $26m order to supply electrical power and propulsion systems for two next generation ‘Ramform’ vessels, capable of three-dimensional (3D) seismic data acquisition for deep sea resource exploration. The ships will be constructed by Mitsubishi Heavy Industries, and delivered in 2015 to Norway’s Petroleum Geo-Services ASA (PGS), a leading company in marine seismic and reservoir data acquisition, processing and analysis/interpretation services


MHI Contracted for 3D Seismic Survey Vessels

Ramform Seismic Survey Ship: Photo courtesy of MHI

Mitsubishi Heavy Industries, Ltd. (MHI) gets additional order to build 2 seismic vessels for Norway's Petroleum Geo-Services ASA (PGS). The order for the two vessels was placed upon exercise by PGS of the option right that was provided when two same type vessels were ordered to MHI in April 2011. The two newly ordered vessels are scheduled for delivery in the first and second half, respectively, of 2015. With this latest order


US Imports Above Average as Port Contract Talks Continue

Container lift: File photo

Retailers concerned by the lack of a West Coast longshoremen’s contract will continue to bring merchandise into the country at above-average levels this month but volume will drop from the record set in August, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates, and excerpted here. “The negotiations have made progress and retailers have been stocking up


Oil Majors to Preserve Dividends Despite Oil Collapse

Oil well

  Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and their strategies to cope with the oil prices collapse that caught many unawares.


Santa Lucia Back Underway in Delaware Bay

The grounded motor vessel near Miah Maull Shoal in Delaware Bay

  The motor vessel Santa Lucia, which was aground in Delaware Bay, got back underway under its own power at approximately 3 p.m. Tuesday. The Santa Lucia is scheduled to anchor at Big Stone Anchorage for a Coast Guard safety inspection before moving on to its destination of Philadelphia


MOL, Mitsui Ink Charter Deal

Courtesy  Cameron LNG

  Mitsui O.S.K. Lines, Ltd. signed a contract with Mitsui & Co., Ltd. today (January 29) to charter a new 177,000m3 liquefied natural gas (LNG) carrier. This is the third newbuilding vessel chartered by Mitsui & Co., following a contract signed last September 26 for two carriers


Kongsberg Expands Louisiana Office, Training Facility

Image: Kongsberg Maritime

Kongsberg Maritime has purchased approximately 5.2 acres for new construction on an 82,980 sq ft office and training facility. Construction on the James Business Park property located on James Drive East in St. Rose, Louisiana is scheduled to begin this spring.   


P&O Pulls out of Australian Icebreaker Tender

Aurora Australia (Phots Courtesy: P&O Maritime)

P&O Maritime, which operates the Aurora Australia, has quit the tender process to build a new Antarctic icebreaker by the Federal Government, reports ABC. The reason cited for P&O's pulling out of the long-running tender process after three years of work, an unusual procurement process.


Palfinger Adds Winch Line with NDM Acquisition

Photo: Palfinger Marine

Palfinger Marine acquires Norwegian Deck Machinery AS, expands product portfolio with new deck winches    Palfinger Marine has expanded its product portfolio with the acquisition of Norwegian Deck Machinery AS (NDM), stating NDM’s position within the design and development of


Petrobras Expects 3Q Unaudited Results Jan 27

Brazil's Petroleo Brasileiro SA expects to release unaudited third-quarter financial results on Jan. 27 after a scheduled meeting of its board of directors, the state-run oil company said Wednesday in a statement.   Petrobras, as the company is known


Libya Warplane Attacks Benghazi Bound Trawler

A Libyan warplane attacked a fishing trawler carrying gasoline to the port of Benghazi this week after the internationally recognised government suspected it of supplying Islamist militants, a military official said on Thursday. Libya's recognized government


Obama, Cameron Reject Calls for More Iran Sanctions Now

U.S. President Barack Obama and British Prime Minister David Cameron on Friday pushed back against calls for further sanctions on Iran now over its nuclear program, saying such action could harm ongoing negotiations.   In a joint news conference, Obama and Cameron urged U.S


Vindskip: Wind-powered Containership Concept

(Image: Lade AS)

The Vindskip, designed by Lade AS, comes to rescue and bring wind power back into action. It uses a hull designed to act as a so-called airfoil, or giant sail.   The Oslo-based company, the makers of the wind-powered hybrid merchant ship, said that while engines are still needed


Chilean Ship Refused Entry to Fiji Water

Biosecurity Officer supervises cargo discharge at the Kings Wharf (Pic: Biosecurity Authority of Fiji)

Fiji has prevented the livestock carrier MV Polaris 2 travelling to China from Chile, from entering Fijian waters because it did not have the proper transit permit.  The Biosecurity Authority of Fiji informed that the livestock ship carrying thousands of heifers has been forced back into


COSCO Gets $1.75 bln Loan to Buy Ships

China Ocean Shipping (Group) Company has received a $1.75 billion loan from the Export-Import Bank of China to buy 53 new ships, which it plans to order from Chinese shipyards, the firm said on Monday. The state-backed shipping conglomerate, which controls China COSCO Holdings Co Ltd


Contracts Boost for Maritime Developments

Photo courtesy: Maritime Developments

Specialist back-deck equipment provider Maritime Developments has won contracts worth in the region of $10.6 million and broadened its product portfolio. The company, which supports subsea industry operations worldwide, has secured the first order for its innovative portable overside vertical


Port of Indiana-Mount Vernon Sets Record

The Port of Indiana-Mount Vernon handled 735,000 tons of cargo in December, which was the highest ever single-month total at any of Indiana's three ports, and also produced the highest fourth-quarter shipments by any port in Ports of Indiana history.


Port of Indiana-Mount Vernon Bests Tonnage Records

Photo: Ports of Indiana

The Port of Indiana-Mount Vernon handled 735,000 tons of cargo in December, which was the highest ever single-month total at any of Indiana's three ports, and also produced the highest fourth-quarter shipments by any port in Ports of Indiana history.   






 
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