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Good News

Korea Shipbuilders Win Orders Worth $1B

According to a Jan. 12 report from The Chosum Ilbo, Korean shipbuilders won new orders worth over $1b in the first 10 days of the new year, in a complete reversal of the situation last year. STX Offshore & Shipbuilding and Hanjin Heavy Industries delivered the good news on Jan. 11, and Daewoo Shipbuilding & Marine Engineering and Sungdong Shipbuilding & Marine Engineering won new orders earlier. Industry insiders said an overseas marketing drive in the second half of last year finally paid off. (Source: The Chosun Ilbo)


New Ferry Service from West France to North Spain

Minister for Transport, Tourism & Sport Leo Varadkar has welcomed a new ferry route into Ireland in a matter of weeks, after LD Ferries confirmed a weekly service from western France and northern Spain. The LD Ferries service will connect Rosslare with St Nazaire on the west coast of France, and with Gijón in northern Spain. “This is a very welcome announcement and provides a valuable new landbridge from France and Spain into Ireland


WSS Opens Distribution Hub in Korea

Kim Jensen (Photo: WSS)

New distribution center offers improved product lead times for customers in Japan, China, Korea, Hong Kong and Taiwan   Overlooking Busan New Port in South Korea, Wilhelmsen Ships Service’s (WSS) newly opened 3,000+ square meter warehouse sits on a 6,000m2 site and will now take over from Singapore as the company’s distribution hub in North East Asia (NEA).    Steven Leong, WSS Regional Supply Chain Manager, said, “We chose Korea based on volumes


EMMF Says e-bunkering Needs People

ExxonMobil Marine Fuels says e-bunkering is here to stay. "But," says Joe Rud, vice-president, "People can adapt to the complex needs of bunkering better and more quickly than websites. E-commerce has now settled down to its correct place in the bunker business. But e-suppliers must always include a phone number which lets buyers talk to a real person." Rud was writing in the current issue of HorsePower, EMMF's newsletter


COP21 - 2 billion Tonnes of Goods Shipped Using GHG Rating

Image by RightShip

 Market-led solution reduces shipping’s carbon dioxide emissions. Ahead of COP21, 26 of the 35 charterers that include vessel efficiency in their supply chain selection have come forward to highlight their proactive measures on climate change.    By using the Greenhouse Gas (GHG) Emissions Rating to find the more efficient vessels these industry leaders are using their influence to incite change in the maritime industry by rewarding ship owners that prioritise efficiency


Bureau Veritas Operating Profits Up 51 Percent

Leading international classification society Bureau Veritas announced first half operating profits of $54.17 million, up 51 percent on the same period last year. Net income rose 43 percent to $35.04 million on a 20 percent increase in turnover. A 19 percent growth in marine revenues, mostly due to growth in new building contracts, underpinned the strongly improved results. Bernard Anne, head of BV's marine division, says


ABIS Projects Bags £1m Contracts

Francis Kiernan

  ABIS Projects has won a clutch of contracts worth around £1million over the next 15 months. The oil and gas project services consultancy has secured frame agreements and call-off contracts with ADTI, Hunting, Talisman Sinopec and North Sea newcomer, MOL. Aberdeen-based ABIS Projects is working with these new clients providing multi-discipline resources covering business strategy, acquisitions, risk, projects and management systems across the supply chain.


MSC to Add Argentina and Amazonia Express Services

Mediterranean Shipping Company (MSC) will enhance its East Coast South America and Caribbean services this month by introducing a new Argentina Express and an Amazonia Express service in addition to its weekly service from the ports of Charleston, Houston, Jacksonville to South America via Freeport, Bahamas, and new all-water service to Caribbean ports from Miami and New Orleans. “MSC will offer an all water service from Miami and New Orleans for the first time to a select number of ports in


Gloomy Fate of Hanjin Rome

Photo: Hanjin Shipping

 The ill-fated Hanjin Rome, owned by the bankrupt Hanjin Shipping Company - has been sitting off the eastern coast of Singapore for more than a month.   The mid-sized cargo vessel was placed under court arrest here on Aug 29 after German shipowner Rickmers filed a civil claim for money it says it is owed by Hanjin.   When the Hanjin Rome arrived in Singapore on 29 August, no-one on board expected anything other than a regular port call


Big Ideas Sometimes Come in Small Packages

Depiction of Hyde system

Hyde Marine’s chemical-free, IMO Type Approved ballast water treatment solution packs performance in a smaller footprint. That’s good news for small vessel operators who may soon find themselves impacted by a problem that previously was thought to be a “bluewater” issue.   BWT and Brown Water The notion that ballast water treatment and invasive species are both strictly the domain of big


Op/Ed: Obama’s Parting Salvo at US Energy Security

Randall Luthi (Photo: NOIA)

Randall Luthi, President of the National Ocean Industries Association (NOIA), does not pull any punches as he weighs in on the Obama administration’s release of the Final 2017-2022 Outer Continental Shelf (OCS) Oil and Gas Leasing Program.  


Can Trump Make Coal Great Again?

File Image: a cargo of barged coal  makes its way on the U.S. inland river system (CREDIT: Inland Marine)

Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. But a small sub-section of the coal sector that mines metallurgical coal - a variety used by steel makers instead of


Grain and Project Cargo Dominate St. Lawrence Seaway Traffic in October

FederalCaribou (Photo credit: GreatLakes Seaway and FedNav)

“The Great Lakes St. Lawrence Seaway System saw a steady flow of traditional cargoes during the month of October,” said Betty Sutton, Administrator of the Saint Lawrence Seaway Development Corporation.  “Last month, shipments of aluminum, steel, generators, crane components


Oversupply Dampens Chemical Tanker Market

Graph: Drewry Shipping Consultants Limited

 Softening seaborne trade and rising fleet growth are expected to depress chemical shipping freight rates over the next few years, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.  


Singapore Considering Financial Aid to Marine Sector

(File photo: Jill Friedman)

Singapore's minister of trade and industry S. Iswaran said the government is working in consultation with the marine and offshore engineering sectors, plus the region’s financial institutions, to review the possible need for measures to help them recover from the economic downturn


European Shipowners Welcome IMO Decision on Emission

Photo: European Community Shipowners’ Associations (ECSA)

 The 70th session of the Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) concluded today (October 28) with a decision on defined tasks and timelines to reduce greenhouse gas (GHG) emissions from ships.   


Moore Stephens: 4th Straight Year of Operating Costs Decline

Richard Greiner (Photo: Moore Stephens)

International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average of 2.4% in 2015.   This compares with the 0.8% average fall in costs recorded for 2014, and is the fourth successive overall year-on-year reduction


European Shipping Week Receives EU Patronage

President, Mr Martin Schultz. Photo ESW

European Shipping Week has been granted the European Parliament’s official patronage by its President, Mr Martin Schultz. Commenting on European Shipping Week, Mr Schultz said his institution appreciated the opportunity for open dialogue between policy makers and representatives of the


St. Lawrence Seaway Shipments Steady in September

Photo courtesy of City of Milwaukee

“Notable increases were reflected in the export of wheat, corn and soybeans from the U.S. Ports of Duluth, Milwaukee and Toledo during the month of September,” said Betty Sutton, Administrator of the Saint Lawrence Seaway Development Corporation.   


MarAd Stresses Economic Impact of Shipyard Jobs in NE

Maritime Administrator Paul “Chip” Jaenichen (Photo: MARAD)

In comments before the international Tradewinds Ship Owners Forum in New York City, Maritime Administrator Paul “Chip” Jaenichen highlighted the more than 42,700 jobs, $3.6 billion in labor income and $4.78 billion in GDP associated with employment for shipbuilding and repair in the


Two Buyers Eye Struggling STX France Shipyard

(Photo: STX France)

Two potential buyers have emerged for STX France, a shipyard subsidiary of the struggling South Korean group STX Corp, according to a French finance ministry source.   The French state holds a 33 percent minority stake in STX France, which runs a naval shipyards in Saint Nazaire on the west


California: A Strong Shipbuilding State

General Dynamics NASSCO christened and launched tanker Constitution on Saturday, August 27, 2016 (Photo: General Dynamics NASSCO)

Fifth in the nation for direct employment, California shipbuilding and repair industry supports nearly 35,000 jobs; Maritime Administrator highlights economic importance of shipyard industry for California while on tour at NASSCO  Shipbuilders Council of America (SCA) member General


Berth and Billions: Cruise Business Powers European Yards

Graph: Clarkson Research

 In a historically weak contracting environment the cruise sector has seen a strong level of newbuild ordering and investment in the year to date, says a research report by Clarkson.   Cruise lines have continued to expand their fleets, with new markets such as China in their sights


Pathogenic bacteria hitchhiking to North and Baltic Seas?

Deployment of a catamaran, taking plankton samples from the water surface. Afterwards these plankton samples are checked for microplastic particles. (Photo Alfred-Wegener-Institut  Gunnar Gerdts)

For the first time, AWI scientists have found evidence of living, potentially pathogenic vibrions on microplastic particles. With increasing water temperatures comes an increasing likelihood of potentially pathogenic bacteria appearing in the North and Baltic Seas


Singapore Well-positioned to Benefit from Brexit Permutations

John Simpson, Managing Partner, Singapore

Singapore’s position as Asia’s leading maritime services hub is likely to be enhanced in a post-Brexit environment, according to Singapore-based Ince Law Alliance, comprising Ince & Co Singapore LLP and Incisive Law LLC.  






 
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