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.
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
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
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
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.
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
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.
Huntington Ingalls Industries (HII) announced that its Newport News Shipbuilding division has reached a milestone in the construction of the submarine Indiana (SSN 789). The 16th Virginia-class submarine has reached “pressure hull complete,” signifying that all of its hull sections are joined to form a single, watertight unit. Ship’s Sponsor Diane Donald, wife of Adm. Kirk Donald (U.S. Navy, Ret
Northrop Grumman Corporation (NSYE:NOC) reached a construction milestone by launching the Virginia-class submarine California (SSN 781) at the company's shipbuilding sector in Newport News, Va. on Nov. 14. "Launch is a special milestone in the life of a submarine, this is the first time she's put into the water," said Becky Stewart, vice president of submarines and fleet support for Northrop Grumman Shipbuilding-Newport News. "California is 88 percent complete
Fishermen’s Energy receives final construction permit for demonstration wind farm off Atlantic City Fishermen’s Energy announce that it has received approval from the U.S. Army Corp of Engineers for its Individual Permit under the Clean Water Act, for the Fishermen’s Atlantic City Windfarm (“FACW”). This is the final permit required for the construction of the wind farm which will be located directly off of Atlantic City.
Among five major ports on the east coast Paradip Port topped the list with 28.65 million tonnes of cargo for the first four months, followed by Chennai Port 17.42 million tonnes, V.O.C Port 13.07 million tonnes, Krishnapatnam Port 11.57 million tonnes and Kamarajar Port close to 9 million
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
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.
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.
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.
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 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 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
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.
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.
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.
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
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
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
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