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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


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


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


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


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


Seafarers Charity Aids Crew, Families of Fatal Ship Collision

Photo: Apostleship of the Sea

The dangers of shipping and fishing should not be underestimated, said seafarers’ charity Apostleship of the Sea, following the collision of a car carrier and a fishing boat in Spanish waters. Media have reported that three crew are confirmed dead after the Baltic Breeze, a Singapore-flagged car carrier, collided with a fishing boat near the Spanish port of Vigo in the early morning of Tuesday, April 1. The Baltic Breeze and its crew are well known to the Apostleship of the Sea


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.


Survival of the Un-Fittest

Graph: Drewry

 Despite historically low rates carriers are unlikely to be killed off as creditors and governments will step in, says Drewry Shipping Consultants Limited.   Recent news stories, backed-up by anecdotal stories told to Drewry, report that carriers have quoted zero dollar freight rates


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.  


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


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


Southeast Asia Dominates Maritime Crime Globally

Image: Dryad Maritime

 Southeast Asia continues to dominate maritime crime incidents globally, with 236 reports of piracy and maritime crime instances occurring in the region since 1st January 2015, an increase of 10% compared to 2014, according to Dryad Maritime.  


MSC Monica Aground on St. Lawrence River

Pic: Mediterranean Shipping Company

 MSC Monica, Mediterranean Shipping Company container vessel, ran aground on the St. Lawrence River near Saint-Laurent, between Bécancour and Levis.   The box ship left Montreal and headed down the river, but suffered steering gear failure


2016 Looks Tricky for Shipping Market

Source: Clarksons

 2015 was clearly a very challenging year for the shipping markets. With earnings rock bottom in many sectors, investors shifted into a lower gear with respect to the placement of new vessel orders last year, says Clarksons Research.  


Happy 50th Birthday, Greg Trauthwein

“Throwback Thursday” from the Maritime Reporter archives: Greg at the wheel on a sailing excursion off the coasts of Italy and France in August 2011

Greg Trauthwein, Editor and Associate Publisher, today celebrates his 50th birthday. Since first manning the editor’s desk at New Wave Media’s flagship publication Maritime Reporter & Engineering News in 1992, Greg has helped grow the publishing house’s offering of world


Shipping Traffic Noise Severely Affects Whale Populations

Photo: Courtesy beamreach.org

 Underwater sound pollution disrupts the communication methods of killer whales and could harm their ability to locate salmon, researchers have found.   Increasing ship traffic is raising the level of underwater pollution and threatening a range of endangered marine species. 


Iron Ore Industry Wavers between Hope and Reality

If the price of the product your company produced had just experienced a 20 percent price surge in one day, its biggest jump ever, it would be reasonable for you to be overjoyed. But maybe not if you are an iron ore miner.   This month's leap in Asian spot iron ore prices coincided with the


Container Blood Bath: Freight Rates Hit New Lows

Pic: CMA CGM

 The World Container Index’s composite index, an average of spot freight rates on 11 global East-West routes connecting Asia, Europe and the US, reached a record low of US$701 per 40-foot container on March 10, says Drewry Shipping Consultants.  


Digital Marine Acquires Jeppesen's Marine Division

Digital Marine Solutions announced today it has signed a purchase agreement to acquire the marine division of Jeppesen, subject to regulatory approval. Under the terms of the agreement, the former Jeppesen Marine will operate as a separate entity with its own dedicated resources and will trade


EU Agrees on Plan to End Overfishing in Baltic Sea

European Union lawmakers and member states have agreed on a long-term plan to end over fishing of cod, sprat and herring stocks in the Baltic Sea, the first such plan of its kind under the EU's reformed fisheries policy.   The multi-annual deal clinched late on Tuesday will combine the


Flood Risk to Persist in Mississippi River Basin

File Image: a typical fleeting operation on the mississippi River (credit: WCI)

Heavy winter rains have left the Missouri and Mississippi River basins, from Iowa to Louisiana, at an elevated risk of moderate flooding through June, U.S. government forecasters said on Thursday. The risk extends to eastern Texas and the southeastern Coastal Plain


Piracy Drives Toward Southeast Asia

Image by EUNAVFOR

 Dryad Maritime's COO, Ian Millen says that when looking at the volume of maritime crime and piracy events, the numbers drive you toward Southeast Asia.     With a 10% rise in 2015 incidents, when compared to 2014, the area leads the crime league table






 
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