Marine link
 

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


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


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


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


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


Odfjell Records Steady Q3 Earnings

EBITDA of $37 million is reflecting stable earnings both from chemical tankers and tank terminals in the third quarter. For the chemical tankers business, activity over the summer and through the third quarter held steady and was in line with the second quarter on both contract nominations and spot activity. In September Odfjell signed shipbuilding contracts with Nantong Sinopacific Offshore & Engineering Co., Ltd for the construction of four LPG/Ethylene carriers of 17,000 cbm


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.  


Big Names Unite to Push LNG as a Marine Fuel

Picture of the SeaLNG group Photo SeaLNG

Carnival Corporation & plc, DNV GL, ENGIE, ENN, GE, GTT, Lloyd’s Register, Mitsubishi Corporation, NYK Line, Port of Rotterdam, Qatargas, Shell, TOTE Inc. and Wärtsilä are among firms that are part of a new cross-industry initiative called SEA\LNG


US Workboat Market: Domestic Drivers

The enlarged Panama Canal potentially helps inland operators as deep(er) blue water ports attract still larger tonnage that can load more grain and bulk products. (Photo courtesy of the Panama Canal)

Sectors of the U.S. market are hot, but for how long? Five key variables drive the domestic brown water market.   The challenging operating climate currently facing blue water, international trades can and sometimes does overshadow what happens on the American side of the big pond


Expansion Planned for Newport News Industrial

Huntington Ingalls Industries (HII) announced that its Newport News Industrial subsidiary will undergo a 52,000-square-foot expansion at its headquarters facility in Newport News.   The facility, located at 182 Enterprise Drive, will be expanded to house production areas


UAE Top Court: Physical Bunkers Suppliers Have No Right to Recourse against Owners/Charterers

File photo: OW Bunker

The OW saga - UAE Federal Supreme Court decides that physical suppliers of bunkers have no right to recourse against Owners/Charterers. In the first decision on the issue from the most senior court in the country, the UAE Federal Supreme Court has decided that physical suppliers of bunkers have


DMS Acquires Jeppesen's Marine Division from Boeing

Egil Aarstad

Digital Marine Solutions (DMS) has completed acquisition of the assets of the Marine Division of Jeppesen, a Boeing company. Digital Marine Solutions is owned by the Altor 2003 Fund. Under the terms of the agreement the Jeppesen Marine and C-MAP portfolio will continue to operate as a separate


World's Newest, Largest Cruise Ship Leaves French Port

Photo: Royal Caribbean Cruises Ltd

 Tens of thousands of French well-wishers waved goodbye to the largest luxurious cruise ship named “Harmony of the Seas”as it set sail on its maiden voyage to the U.K. after 32 months in a French shipyard in Saint-Nazaire.  


UK P&I Club's Good Results in Difficult Times

Alan Olivier, Chairman of the UK P&I Club

Disciplined underwriting delivers another successful year   London, 11 May 2016 – The UK P&I Club (“The UK Club”), one of the leading shipping protection and indemnity mutual insurers, announces its financial results for the year ended 20 February 2016.  


FMC’s Doyle Addresses Intermodal Hot Topics

William P. Doyle (Photo: FMC)

Speaking at the Intermodal Association of North America on May 5 in Chicago, U.S. Federal Maritime Commissioner William P. Doyle discussed several of the shipping industry’s hottest topics, including ocean carrier consolidations and alliances, container weight VGM under SOLAS, and chassis.


NOIA’s Luthi Comments on Final Well Control Rule

Randall Luthi (Photo: NOIA)

In light of the Final Well Control Rule released today, National Ocean Industries Association (NOIA) president Randall Luthi issued a statement voicing both gratification and concern with the new regulation and its implementation.   “The good news for industry today is that we are now


Support for Uniform National Discharge Legislation Builds

Craig Montesano

AWO Pushes VIDA as the solution to the confusing patchwork of federal and state regulations that makes compliance unnecessarily complicated and costly.    Even as the ballast water treatment issue becomes more and more confusing – both here and abroad – a united coalition


Dry Bulk Market in Historically Bad State -MSI

Figure 1 (Image: MSI)

Dry bulk sector revisits 1980s lows and faces uncertain longer term outlook; with the market near bottom, attention is turning toward the length of the downturn, the effect on asset values and the impact of broader demand side changes.  






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright