The Port of Los Angeles, Ports of Auckland in New Zealand and Guangzhou in China have signed a memorandum of understanding (MOU) a ground-breaking Tripartite Economic Alliance for promoting closer ties. “The port of Los Angeles looks forward to collaborating with the ports of Auckland and Guangzhou on a series of initiatives, including promoting commercial and business opportunities as well as sharing innovative best practices,” said ambassador Vilma Martinez, Los Angeles harbor commission president. Los Angeles, Guangzhou and Auckland are sister cities and strategic trading partners that share similar economic goals. The newly formed alliance provides a platform for growing trilateral cooperation to foster trade, innovation and investment opportunities between the public and private sectors of the three regions. Objectives within the memorandum of understanding include sharing of best practices and expertise; strengthened communication and collaboration on investments, technologies and environmental policies; and working together to enhance capabilities of each port in order to boost their respective regional economies. The Port of Los Angeles is America’s premier port and has a strong commitment to developing innovative strategic and sustainable operations that benefit Southern California’s economy and quality of life.
A division of Aberdeen-based Aiken Group announced an upturn in its overseas business in recent months. Aiken Marine, which supplies a range of services to the global marine and offshore industries, has seen a rise in its business supplying and brokering newbuild resale drilling jackups and offshore supply vessels in Mexico, West Africa, the Middle East and Far East. Marine manager Steve Grant said, “In order to be at the forefront of any industry
OSL Offshore Systems & Deck Machinery has formed a business alliance to manufacture and supply turnkey ballast systems for offshore drilling and production rigs. The alliance partners of OSL Offshore Systems, Rotork Controls, FloTec and W&O forms a comprehensive organization that services the offshore industry with each group's strengths as leaders for process valves and value automation, integrated PLC controls and hydraulic power.
Linde has formed a Global Alliance with Single Buoying Mooring Inc. (SBM) to develop and market Floating Production, Storage and Offloading units (FPSO) for the growing Liquid Natural Gas (LNG) industry, based on Linde's proprietary natural gas liquefaction technology. After having finalized a generic concept for a LNG FPSO with a yearly capacity off app.2.5 million metric tons of LNG, global marketing efforts will start as of today
Reliance Industries Limited and BP today announced a historic partnership between the two companies. Mr. Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, and Mr. Robert Dudley, BP Group Chief Executive, signed the relationship framework and transactional agreements in London. The partnership across the full value chain comprises BP taking a 30 per cent stake in 23 oil and gas production sharing contracts that Reliance operates in India
Taking another step in forming The Northwest Seaport Alliance, commissioners from the ports of Tacoma and Seattle voted Friday to submit a final agreement to the Federal Maritime Commission (FMC) for approval. The Northwest Seaport Alliance will unify the two ports’ marine cargo terminal investments, operations, planning and marketing to strengthen the Puget Sound gateway and attract more marine cargo for the region.
Jones Walker today announced the expansion of its government relations practice with the addition of John S. Doyle, Jr., Vice President of Government Relations for Waterways Work!, as special counsel in the firm’s Washington, D.C. office. In making the announcement, R. Christian Johnsen, head of Jones Walker’s Washington office, said, “Mr. Doyle will continue to represent Waterways Work!, a client since 2001, and other Jones Walker clients in the areas of government relations with a
Shipping and logistics company Eimskip, Lithuania's Kursiu Linija and Finnish shipping and container company Container Finance Ltd have joined forces to create a door-to-door logistics providers. The new joint-venture company Containerships Group will be based in Helsinki and will operate eleven ships on services linking east and west Europe, the Baltic States and Russia. It will be the cornerstone of a much larger alliance including the services of its parent companies.
Norwegian tanker operator Iver Ships will join forces with Japan's Mitsui O.S.K Lines to form the second biggest clean tanker alliance in the Asia Pacific region. Iver said the two companies would merge their medium-range (MR) tanker fleets over the next six months to form a pool of 12 45,000 tonners. "Our customers -- the oil majors and petrochemical companies -- are globalizing to form bigger units, and they're looking to concentrate on a few service providers capable of doing a bigger part
The member lines of the Grand Alliance, Hapag-Lloyd, MISC Berhad, NYK and OOCL, have decided to suspend their EU5 Service between Europe and Asia with immediate effect. The weekly service has been operated by eight vessels with an average capacity of 3,300 TEU. Ports of call have been Shanghai, Ningbo, Xiamen, Singapore, Amsterdam, Hamburg, Southampton, Singapore and back to Shanghai with a round voyage time of 56 days. The suspension is preliminary fixed until June 2009.
Royal Boskalis Westminster N.V. (Boskalis) has emerged as the best submitter of the tender to reinforce over 33 kilometers of dike around the Markermeer lake between the towns of Hoorn and Durgerdam, the Netherlands. This was announced by the Hollands Noorderkwartier district water board
The Northwest Seaport Alliance, a marine cargo operating partnership of the ports of Seattle and Tacoma, saw container volumes grow for the sixth straight month in August, improving nearly 15 percent compared to August 2014. According to the Alliance, the increase is significant
Major container shipping rates plummeted again this week, with declines on the trunk Shanghai-Europe routes falling at record amounts, says Shangahi Containerised Freight Index (SCFI). A eport in ASC says that the SCFI for Far East to North Europe dropped by a staggering
Members of the G6 Alliance today announced the Winter Program for Asia – North America services in response to traditional seasonal changes in market demand. The following are the temporary service suspensions: Asia – North America East Coast Service
CWind announced that it is has been awarded a contract for the supply of two crew transfer vessels to the London Array offshore wind farm (OWF) supporting operation and maintenance (O&M) activities. London Array OWF is located 20 km off the Kent coast in the outer Thames Estuary
INTERSCHALT maritime systems AG announced it will equip the fleet of the liner shipping company United Arab Shipping Company (UASC) with the stowage planning software StowMan[s]. Developed in cooperation with the IT University of Copenhagen and launched in September 2014
Container shippers of the G6 Alliance announced four sailings within their Asia-Europe product have been cancelled in response to changes in market demand. According to the shippers, as the G6 Alliance continues to review its product profile
Container volumes through the newly established Northwest Seaport Alliance continued to post gains in July, growing nearly 8 percent compared to July 2014, according to the ports alliance. The Northwest Seaport Alliance, formally launched by the ports of Seattle and Tacoma on August 4
Rising global container port demand and ever larger vessels are driving terminal operators to make significant investments in additional capacity, according to the Global Container Terminal Operators Annual Report 2015 published by global shipping consultancy Drewry.
Ecopetrol reports it has established an Alliance with Japan’s JX Nippon Oil & Gas Exploration through its affiliate in Brazil, Ecopetrol Óleo e Gás to explore the FZA-M-320 block, located in shallow waters of the Foz Amazonas basin on the equatorial margin of the
The New Alliance Marine Training Center (NAMTC) has joined the Transas Global ECDIS Training Network (GET-Net), and shipping companies can now benefit from an ECDIS training from the first Transas GET-Net partner in China. The New Alliance Marine Training Center was established in Wuhan
The final sections of the second Queen Elizabeth Class aircraft carrier produced by Cammell Laird arrived at Babcock Rosyth Facilities in Fife on Thursday, September 3, following their voyage from Birkenhead. Center Block 4 is the longest of the upper sections of hull of HMS Prince of
CMA CGM and Ocean Three partners announced optimization on Asia-Europe routes, which aims to reduce capacity and to improve the rates efficiency. The Ocean Three Alliance have decided to harmonize FAL2 and FAL3 in order to adapt to the current market situation between
The Maritime Skills Alliance (MSA) has welcomed the strong focus on skills in the Maritime Growth Study published this week. Nine of the 18 recommendations relate to skills and education, placing far more emphasis on skills than there was in the initial brief.
A China Ocean Shipping Company COSCO-China Shipping Container Lines (CSCL)merger makes financial sense, but would have huge implications for competition in the container shipping industry, according to Drewry Maritime Research.