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Step Closer

European Shippers' Council Calls on Competition Authorities to Cooperate

Pic: The European Shippers’ Council (ESC)

 Shipping alliances will lead to market convergence and will reinforce the risk of reducing service quality and sailing frequency as well as free choice for manufacturers and retailers, as well as enhancing prices, according to the European Shippers’ Council (ESC)    It also has called for greater data monitoring by national competition authorities following recent announcements regarding shipping line collaborations which, it claims, are bringing “the container liner market one step closer to total convergence”.   The increased collaboration between the French container ship operator CMA CGM and Germany’s Hamburg Süd will bring the container liner market one step closer to total convergence, the European Shippers’ Council warns.   The Brussels-based organization wants a focus on “operational and juridical links between ship owners” and the “correlation between price modification and capacity modification”.   ESC, which represents the logistic interests of manufacturers, retailers and wholesalers, argued that the situation will “neither improve trade nor the growth of economies”, stating:” This new global partnership underlines the fact that the maritime liner competition should be seen from a global perspective and not at regional level.  


Panama Canal Awards First Construction Contract

The Panama Canal Authority (ACP) took one step closer to breaking ground for the expansion of the Panama Canal Tuesday, when it officially awarded the first expansion construction project contract to Constructora Urbana S.A. (CUSA). The selection process began May 7, when the ACP released its request for proposals to begin the first of five dry excavation projects to create the new Pacific Locks access channel. This new channel will link a new


NG: Maritime Laser Demo System Proves Capabilities

Northrop Grumman announced that it recently completed a series of tests of the Maritime Laser Demonstration (MLD) system, moving high-energy lasers a step closer to deployment aboard U.S. Navy ships. According to the company, shore-based tests at the Naval Surface Warfare Center (NSWC) in Port Hueneme proved the MLD system's ability to track small boats at long ranges and in a marine environment. "Tracking tests were part of a larger program designed to demonstrate laser weapon system


Zero Emissions Ship a Step Closer

Photo credit Scandlines

German Greens MEP Michael Cramer welcomes news that development of the world's first hydrogen-fuelled ship has come a step closer. Cramer was speaking at the presentation of "project zero", an initiative designed to develop the first ship generating zero greenhouse gas emissions.
, reports The Parliament. Scandlines, the Danish-German ferry company, wants to develop a ferry servicing a short, 100km route between the two countries, which would be powered, in a sense, by wind


Shipwreck Salvors, Seafarer, Get New Work Permit

Lantana Cannon: Photo credit Seafarer

New permit is an important step in the excavation process by Seafarer Exploration Corp. of an historic shipwreck site located off Lantana Beach Florida. The permit was issued pursuant to Part IV of Chapter 373, Florida Statutes and Title 62, Florida Administrative Code from the Florida Department of Environmental Protection (DEP) and represents an important step in Seafarer's quest to excavate this exciting shipwreck site.


USCG Offloads 650 lbs Marijuana

A crewmember aboard the Coast Guard Cutter Dependable guards 25 bales of marijuana that was interdicted off the coast of Jamaica Aug. 3, 2015.

  The Coast Guard offloaded nearly $600,000 estimated wholesale value of marijuana at Coast Guard Sector Miami, Friday. On Aug. 3, the Coast Guard Cutter Dependable detected a go-fast vessel with suspicious packages off the coast of Jamaica. The men aboard the go-fast began jettisoning packages overboard after the Dependable began pursuit. The Dependable launched its small boat and stopped the suspect vessel after employing disabling fire against one of the outboard engines


$9.5M for Manhattan Ferry Service

New York area commuters will soon benefit from direct ferry service between Elizabeth, NJ, and lower Manhattan thanks to a $9.5 million federal grant awarded to County of Union, Secretary of Transportation Norman Y. Mineta said. The Elizabeth ferry project will contribute to the expansion and improvement of transportation services to Lower Manhattan by providing a much needed link for Manhattan residents who work in the rapidly growing Elizabeth area.


UK Short Sea Shipping Bureau Takes Shape

A UK Short Sea Shipping Bureau is one step closer to becoming a reality, according to the Institute of Chartered Shipbrokers (ICS). Over recent months, the ICS has organised a number of meetings with leading bodies in the UK transport industry including the Chamber of Shipping, Freight Transport Association, BIFA, Road Haulage Association and British ports' groups, all of which have given the bureau their full support. The next step is to secure funding from the UK government.


FTA Approves WSF Ferry Terminal Plans

Olympic-class ferry: Photo credit Vigor

In the latest Washington State Ferries Weekly Update, Capt. George A. Capacci, Interim Assistant Secretary WSDOT/Ferries Division briefs as follows: "FTA approves plans to replace Mukilteo ferry terminal The 60-year-old Mukilteo ferry terminal is one step closer to replacement. The Federal Transit Administration (FTA) has signed a 'Record of Decision' allowing WSF to design and construct a new Mukilteo ferry terminal.


San Leon Signs Moroccan Rig Deal

Deal signed for Rig for its El Aaiun-4 well on the Tarfaya licence

  San Leon Energy signed a rig contract for the drilling of the El Aaiun-4 well on the Tarfaya conventional licence, onshore Morocco. The rig contract has been signed with Entrepose Drilling for the Cabot 750 rig. The well is expected to spud in the second half of August 2015, and will take approximately 30 days to reach total depth (TD) of around 2000 metres below rotary table. The reservoir target is Tertiary channel sandstones, with good reservoir properties expected


Ford Achieves Important Milestone

The sun rises over Pre-Commissioning Unit Gerald R. Ford (CVN 78), marking the beginning of the second day of Fast Cruise. Ford is conducting a three-day Fast Cruise to familiarize the crew with the ships systems for an extended period of time. (U.S. Navy photo by Mass Communication Specialist Seaman Ryan CarterReleased)

Pre-Commissioning Unit Gerald R. Ford (CVN 78) completed its turn ship evolution June 11. This is a major milestone that brings the country's newest nuclear powered aircraft carrier another step closer to delivery and commissioning later this year.


THE Alliance Beckons HMM

File Photo: Hyundai Merchant Marine

 Hyundai Merchant Marine (HMM) is sailing into the THE Alliance. With the new charter deals  it is now “one step closer to becoming a member of THE Alliance”, from which it was excluded when the mega-alliance was announced last month.  


ECB Reviews Shipping Loans

Image: European Central Bank

European Central Bank (ECB) kicked off a review into the risks of banks’ shipping exposure, Reuters reported.   ECB is conducting an in-depth review of banks’ exposure in shipping amid rising provisions for bad debt in an industry still mired in crisis.  


First U.S. Ship-to-Shore Drone Delivery

(Photo: Flirtey)

Flirtey, a Johns Hopkins University School of Medicine doctor and the Field Innovation Team showcase humanitarian potential of drones for the United Nations and American Red Cross.    Drone delivery service Flirtey and Dr. Timothy Amukele


EfficienSea2 Rolls out Maritime Cloud

Image: Danish Maritime Authority

 The Danish-led e-navigation project, EfficienSea2, got one step closer to being launched when a core element of the project – Maritime Cloud – was debated by a group of international maritime organisations and companies.  


DONG Plans World's Largest Offshore Wind Farm

Image: DONG Energy

DONG Energy announced today it has decided to construct the 660MW Walney Extension Offshore Wind Farm, located in the Irish Sea, approximately 19 kilometersm off the west coast of Britain.   The final investment decision has been made after securing all necessary consents from authorities


Chinese to Acquire Greek Port as Gateway to Europe

Image: Port Of Piraeus

 China's state-owned shipper China Ocean Shipping (Group), also known as Cosco Group and owned by China COSCO Holdings,  is on track to acquire Greece's largest container port, gaining a key foothold to expand China's economic and military presence in Europe and Africa under the


Seaspan Backs UBC Naval Architecture Research

The University of British Columbia announced it will receive a $2 million investment from Seaspan Shipyards (Seaspan) over the next seven years to support innovative teaching and research in the naval architecture and marine engineering programs at the UBC faculty of applied science


Adani Kandla Terminal Hits 3.5 MT Volume

Adani Kandla Bulk Terminal completes 3.5 MT of cargo volume in first financial year. Photo Adani

Adani Kandla Bulk Terminal Pvt. Ltd. (AKBTPL), part of Adani Ports & Special Economic Zone Ltd (APSEZ), India’s largest port developer, today announced it had clocked minimum guaranteed throughput (MGT) cargo volume of 3.5 million tonnes (MT) for the current financial year 2015-16


Euronext to Add More Wheat Silos at Ports

Euronext is to expand the number of port delivery points for wheat traded on its Paris-based futures market <0#BL2:> and is considering a system of storage certificates to cater for inland grain operators, the European exchange said on Tuesday.  


Statoil Launches New Subsea Concept

Cap-X Image by  Statoil

 Norwegian oil major Statoil presented a new subsea concept that is designed to reduce cost and increase efficiency. The concept is called Cap-X.   The  concept was presented by Margareth Øvrum, executive vice president for technology, projects and drilling in Statoil.


Ocean Rig buys Cerrado drillship

Photo: Ocean Rig

 Cyprus-based Ocean Rig has stepped in to buy the sixth generation ultra-deepwater (UDW) drillship Cerrado, which once drilled the giant Libra prospect offshore Brazil, following its owner Brazil-based Schahin Group bankruptcy declaration last April.  


Sovcomflot IPO Soon

SCF Baltica Photo: PAO Sovcomflot

 The long-awaited initial public offering (IPO) of Sovcomflot, which runs one of the world’s largest tanker and gas carrier fleets, has moved a step closer.    Economy minister Alexei Ulyukayev was quoted by local Russian news agencies as saying that the government might get


Harding Sold to Palfinger

Herbert Ortner CEO Palfinger and Styrk Bekkenes CEO Harding Photo Palfinger

The PALFINGER Group has signed today the acquisition of 100 per cent of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group. The seller is the Norwegian private equity fund Herkules. Harding is one of the leading suppliers of lifesaving equipment and lifecycle


Piraeus Port Shareholders Approve COSCO Deal

Photo: Piraeus Port Authority

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






 
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