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.
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
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
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
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
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.
A Great Lakes restoration initiative has received a grant of $315,000 from the National Oceanic and Atmospheric Administration's (NOAA) National Sea Grant College Program. NOAA is an agency of the U.S. Department of Commerce. Awarded to the Great Lakes Commission and the Northeast-Midwest Institute and administered by Michigan Sea Grant, the grant will be used to develop science-based restoration priorities and understand successful
The U.S. Special Operations Command's (USSOCOM) Advanced SEAL Delivery System (ASDS) and the U.S. Navy's USS Greeneville (SSN 772) have accomplished the last significant test of the ASDS system prior to its Operational Evaluation the successful launching and recovery of the system from a host submarine. For this most recent system test, ASDS Boat 1 successfully completed multiple launch and recovery docking scenarios with the USS Greeneville
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.
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.
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.
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.
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
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
The merger talk between two state-run shipping conglomerates Cosco Group and China Shipping Group is on strong footing on on Beijing’s command. According to sources, the companies would release an outline plan within three months
Ultra Deep Group (UDS) signed another contract with China Merchants Heavy Industry to build a Ultra Deep Installer – Multipurpose Diving Support Construction Vessel. Even though the oil market remains in the doldrums, Singapore-based UDS is powering ahead with tis strategic plan to
Vroon Group, an international shipping company, has announced on-target progress in the implementation of Seanique, SOFTimpact’s Maritime Software Solution based on Microsoft Dynamics AX, catering for the Vroon Group’s operations in crewing and payroll across the entire fleet
Höegh Autoliners has appointed Scandinavian Shipping & Logistics (SSL) as its agent in Finland from 1 December 2015. SSL, which has worked with Höegh Autoliners in Sweden and Norway for several years, is opening a branch office in Helsinki and has recruited Petri
Höegh Autoliners appointed Scandinavian Shipping & Logistics, which has already worked with the Norwegian ocean carrier in Sweden and Norway for several years, as its agent in Finland, effective Dec. 1., 2015. SSL is opening a branch office in Helsinki and has recruited
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 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
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
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 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 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.