IMO's Maritime Safety Committee has adopted an earlier recommendation that ships display 3 all-round green lights when crossing the Singapore Strait Traffic Separation Scheme (TSS). The night signals identify these vessels crossing the TSS during hours of darkness which will allow other vessels in the appropriate lanes to take actions if required, thereby enhancing navigational safety. The IMO’s Maritime Safety Committee at its ninety-first session in Nov 2012, in accordance with the provisions of resolution A.858(20), adopted the proposal to recognise the measure as a full-fledged recommendatory measure (i.e. it is no longer an interim measure) with effect from 1 June 2013 at 0000hrs UTC (0800hrs Singapore LT). The night signals and the procedures remain unchanged. Ship owners, agents and masters of vessels are: (a) To take note of the details regarding the display of the night signals set out in Appendix 1; and (b) Recommended to comply with the procedures set out in Appendix 1 when intending to cross the TSS and precautionary areas in the Singapore Strait. (The appendices refer to the applicable measure adopted by the IMO Maritime Safety Committee in 2011).
European Union antitrust regulators will conditionally clear a deal by Hapag-Lloyd and Compania SudAmericana de Vapores to form the world's fourth-largest container shipping company, two people familiar with the matter said on Friday. The case is important for the shipping industry where consolidation could help it to overcome the worst slump on record. And if regulators take a soft line on any concessions required to allow the deal to proceed this could spur more mergers in the industry
The U.S. Department of Commerce approved 52 crude oil re-export licenses in the last six months to destinations other than Canada, the department said on Tuesday. The permits, which were approved between October 2013 and March, include 14 licenses for re-exports to European countries, according to data released by the department's Bureau of Industry and Security. The United States does not allow exports of its own oil with few exceptions such as barrels going to Canada or re-exports of
Britain's energy ministry on Friday approved the expansion of Dong Energy's Burbo Bank offshore wind farm in the Liverpool Bay of northwest England, paving the way for the Danish company to build on its leading position in the UK market. Britain's Secretary of State for Energy and Climate Change gave the green light to the project which will comprise up to 69 turbines totalling 250 megawatts (MW) in capacity, enough electricity for 170,000 homes.
Greece Economy Minister George Stathakis said that his government is dropping its opposition to selling off the Piraeus Port Authority SA. A sale of the Piraeus Port would be a reversal on the part of Greece’s Syriza party-led government, which had earlier pledged to block such moves. The country's leftist government had ruled out any privatization plans when it came into power but it later started pondering the revision of the sale terms and now has have given the green light for
STX Offshore & Shipbuilding has got the green light to carry on operations. A Seoul court today approved its rehabilitation plan, saving the yard, once the world’s fourth largest, from liquidation, reports Yonhap. STX Shipbuilding, once South Korea's No. 4 shipbuilder, has been placed under court receivership since June, amid a protracted slump in the shipbuilding industry. The Seoul Central District Court approved its revival plan
A new concept in luxury living and travel has been brought to realization with the completion of the much-vaunted ResidenSea ship, The World, which made its service debut at European ports during April. The unique vessel, home to a resort community continuously circumnavigating the globe, is the brainchild of Knut U. Kloster Jr., and is a testament to the Nordic maritime sector's propensity for innovation. Mr. Kloster was former chairman of Royal Viking Line and Norwegian Cruise Lines
Tracerline® Dye-Lite® All-In-One™ full-spectrum fluorescent dye easily pinpoints leaks in all oil and oil-based fluid systems, including engine oil (includes synthetics), fuel, automatic transmission fluid, power steering and hydraulic fluid (petroleum-based). All-In-One dye ensures optimum leak detection in marine vessels systems because it actually contains two distinct fluorescent dyes. One dye fluoresces best under ultraviolet light, and the other under blue light
Pavilion to buy 0.4 mln tpy LNG from BP for 20 years. Aims to become a global LNG firm in medium to long term. Working with SGX, regional govts on LNG price marker. Singapore's Pavilion Energy said it had signed two long-term contracts to buy liquefied natural gas (LNG) for trading and supply to Asia, adding to a previous contract as the state-owned firm seeks to become a global supplier. Pavilion Energy said in a statement on Wednesday its wholly owned subsidiary Pavilion Gas Pte Ltd
Woodfibre LNG, Canada's first liquefied natural gas export project, will be a "nice-to-have" fillip for the country's gas producers but does not signal the start of a west coast LNG boom, industry watchers said on Monday. Privately held Woodfibre LNG Ltd said on Friday it will start building its C$1.6 billion ($1.2 billion) project in Squamish, British Columbia, next year after its Singaporean parent company authorized the funds last week.
Royal Dutch Shell is nearing the sale of a large part of its North Sea oil and gas assets to private equity-backed Chrysaor for $3 billion, banking sources said, marking a milestone in its drive to reduce debt after buying BG Group. Chrysaor
A unit of Swiss shipping group MSC has bought a stake in U.S. ports operator Total Terminals International (TTI) from Hanjin, MSC said on Wednesday, having overcome objections from the South Korean line's U.S. creditors. Privately owned MSC, the world's no
Green Award, the quality mark for ships that meet the above-industry standards, expands to a new ship type. From 1st of January 2017 the Green Award certificate is available for inland passenger vessels. Green Award certifies sea-going and inland navigation ships that go beyond the industry
The U.S. Coast Guard said it has green lighted a transit plan for the damaged tug Samson Mariner to head south from Ketchikan, Alaska for repairs in Seattle. The vessel departed on Tuesday accompanied by an escort tug. Samson Mariner was damaged and spilled approximately 1
Following a cooperation sealed between Alphatron Marine and Green Award Foundation at Posidonia in Athens, Greece, Alphatron Marine will reward Green Award certified ships with a discount of 10 percent that applies to a range of products and services for both seagoing and inland navigation ships.
Liberia has become the first flag state to participate in the Green Award program, under which eligible shipowners will be offered significant annual tonnage tax discounts. Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry (LISCR)
Piraeus Port shareholders approved a new concession agreement with Chinese shipping giant COSCO on Friday, bringing Greece a step closer to concluding the sale of a majority stake in the port. Greece agreed in April to sell a 67 percent stake in the port to COSCO for 368.5 million euros
The Competition Commission approved the sale of a majority stake in Piraeus Port (OLP) to China’s COSCO during its meeting on Wednesday, saying it is in line with Greek competition laws. According to Greek national news agency AMNA
Hyundai Heavy Industries (HHI) is notified by Samil PwC, a local member of the global accounting firm PwC, that its 3.5 trillion won worth management improvement plan is good enough for HHI to make operating profits and secure liquidity even in the worst case scenario.
The newly renovated vessel Mozart, which began passenger service in July 2016, marks Crystal Cruises’ first venture into European river cruising. Before for the revitalized river cruiser Mozart set sail, Crystal Cruises contracted R&M Sea Level Marine to completely renovate all
Silver Green AS, owned 50% by Samskip, is changing its name to Silver Sea AS to mark the finalization of a series of ownership changes. The new name reflects a consolidation by Samskip of its position in the reefer vessel segment, including the strengthening its ownership in the company and direct
Georgia Ports Authority Executive Director Griff Lynch reported to the GPA board Monday fiscal year to date growth of 4 percent for loaded container traffic, moving 1.01 million twenty-foot equivalent container units, an increase of 40,545 TEUs compared to the same period in 2015.
ELA Container Offshore GmbH delivered an Offshore Living Quarter to Netherlands based SeaMar Services BV in Den Helder. The container was placed on board the Offshore Support Vessel ‘SeaMar Splendid’ and provided extra accommodation for subsea work in the North Sea
The Port Everglades Navigation Improvements Project has received federal authorization for the U.S. Army Corps of Engineers to move forward with deepening and widening the Port's navigation channels as part of the Water Infrastructure Improvements for the Nation (WIIN) Act signed into law December
An agreement between two marine terminal companies located at the Port of Miami will go into force on December 31, 2016, permitting those parties to seek cooperation and commonality in both business and operating matters. The U.S. Federal Maritime Commission (FMC) voted Thursday not to