Libya Wednesday took delivery of three new oil tankers at its port hosting the Refining Company in Zaouia, as part of ceremonies marking the 37th anniversary of the country`s September 1969 Revolution. Baghdadi Mahmoudi, Secretary of the Libyan People`s General Committee took delivery of the three tankers - Ibn Batouta, Gardhabia and Intissar - new additions to the Libyan Maritime Transport Company`s fleet. The tankers built in South Korea by Samaho Hundai, one of the largest ship builders in the world, under supervision by Lloyd`s of Britain, cost US$165 million each, according to industry sources. They are equipped to carry three types of crude oil, and each could unload 3,000 cubic metres of crude per hour. The tankers were purchased by the Libyan Maritime Transport Company to meet the needs of the National Oil Corporation (NOC), in pursuance of local and international standards, and for operation in all ports. They will sail between several Mediterranean ports and in northern Europe, under a long-term deal of specifications signed with NOC. Source: Angola Pres
Rolls-Royce has signed a contract for the delivery of its Azipull propulsion and control system for the "ferry of the future," a new vessel which will operate on battery power alone. The vessel is being built at the Fjellstrand yard in Norway, and once in service will be operated by Norwegian transport company Norled between Lavik and Oppedal. In 2010, the Norwegian Ministry of Transport announced a tender to develop a new ferry that was 15-20% more energy
Mitsui O.S.K. Lines, Ltd. received a letter of appreciation from the Paraguayan Embassy, thanking the company for providing ocean transport of used wheelchairs from Japan to Paraguay, where they were delivered to needy children. This is the second time MOL has teamed up with the Volunteers Group to Send Wheelchairs to Overseas Children, a certified NPO, following a project in 2010. A total of 80 used wheelchairs for children were loaded on its operated containership at Port of Yokohama and
SpeedCast International Limited announced that it has been awarded a multiyear contract from Arab Maritime Petroleum Transport Company (AMPTC), a provider of maritime transport services of hydrocarbon substances in the Middle East region. SpeedCast will provide satellite network connectivity for AMPTC’s entire fleet of vessels. SpeedCast will provide each AMPTC vessel with end-to-end VSAT services that enable corporate networking, Internet access, voice communications
Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, has registered a half yearly net profit of $135 million (QR490.2mn), up 10% on the same period last year. The healthy financial results reflect “Nakilat’s strategic development, the success of its joint ventures, and the company’s resilience in the challenging economic climate”, the company announced.
Kattegatruten’s ferry services between Kalundborg and Aarhus are to end next month . The core business area for the service is truck transport and driverless cars, but for months the service has been unprofitable. "It is impossible to compete with Eastern European prices. Danish haulage companies are increasingly using Southeast European road transport companies as subcontractors. This means much lower labor costs and therefore driving across the Great Belt Bridge is more
Brian Molefe, CEO of Transnet, South Africa's intermodal & pipeline conglomerate, will deliver the keynote address at forthcoming African debut of the Breakbulk Africa Congress Transnet SOC is South Africa's national transport arm and the governing body for the country's rail, pipelines, ports and terminals. During his keynote address, Molefe will discuss Transnet's recently announced, four-point growth strategy, which includes plans to invest R110.6 billion (US$12
Boatracs, a business unit of Advanced Remote Communication Solutions, Inc., has appointed new personnel to better service clients, and expand sales coverage in the Pacific Northwest. In newly created positions, Robert Trainor joins the company as Sales Engineer, managing activities for the Pacific Northwest, Alaska and western Canada, and Steven M. Bryan, Sr. as Manager of Projects, Design and Development. Both positions report to Charles J. Drobny Jr., Chief Operating Officer of Boatracs.
Bechtel launched a new research initiative to improve the safety of mooring large cargo ships off the coast of West Africa. The combination of heavy ocean swell, squalls and shallow coastlines can create unpredictable conditions which limit the number of dry bulkers that can be moored safely in the area. The results of this research aim to provide new mooring guidelines and systems, which will improve the transfer and transshipment of natural resources from the region.
Greencarrier Shipping & Logistics AS said it is planning to expand its services to the oil and gas industry, appointing a new head of the energy and projects business unit and opening an office in Stavanger, Norway. The Scandinavian company, which offers the full range of freight forwarding and logistics services, has identified project forwarding and the energy industry as two of its main target areas for growth in 2014.
2GO Group, Inc. plans to boost profit by a quarter this year amid a sanguine outlook on its logistics, distribution, and express courier businesses, a company official said. The company has set a P1.1-billion ($0.04billion) net income target this year
Marine safety in the Torres Strait and Northern Peninsula area is getting a boost with the donation of 1,400 children’s lifejackets as part of the Torres Strait Marine Safety Program (TSMSP) School Based Maritime Safety Education Project.
With the towering bridges that span the Bosphorus choked by traffic, a new boat service from Uber aims to capitalise on Istanbul's infamous road congestion. In partnership with local sea transport company Navette the Uber Boat venture is unlikely to net a significant chunk of the
Low material costs and stable demand has driven the price of new container equipment down to record lows where it is forecast to stay, according to the latest edition of the Container Census report published by global shipping consultancy Drewry.
Japanese shipbuilding and maritime transport company Tsuneishi Holdings has expressed a commitment to invest up to $40 million to open ship repair services in Indonesia, reports The Jakarta Globe. The Hiroshima Prefecture-based company plans to invest US$40 million in a
Balearia has requested a license to operate between the U.S. and Cuba from the U.S. Treasury Department, after both countries' announcement of the reestablishment of diplomatic relations. The shipping company is awaiting an official response from the U.S
Canadian oil storage and transport company Gibson Energy Inc said on Monday it is building 900,000 barrels of crude oil storage at its terminal in Hardisty, Alberta, after receiving sufficient support from shippers. The company will build a 500
The rapid growth of mega refineries is prompting a new class of oil products supertankers, mirroring an earlier revolution in crude oil shipping, as traders look for scale that was previously not economically viable. In the early 1970s, ships capable of carrying 2 million barrels of crude oil
Hiab, part of Cargotec, has selected the finalists who will take part in the first ever World Crane Championships at the Commercial Vehicle Show in Birmingham, United Kingdom, on 14-16 April 2015. The 18 contestants, who have won their places after qualifying through rounds held in 13
Durban, South Africa's busiest port, has started a project to triple capacity and encourage vessels to skip the Suez Canal and sail around the Cape of Good Hope, Bloomberg reported today. The excavation project, which will increase the port's capacity from 2
Joe McGladdery, a partner with the London law offices of Wikborg Rein & Co, says that, while falling oil prices have exerted pressure on the LNG charter markets, the new generation of low-speed, dual-fuel LNG carriers now in service and on order remain an attractive option for owners and
Truckers protesting high diesel prices in Brazil used road blocks to restrict the flow of soy, corn and other commodities in a key grain-growing region for a third day on Friday, threatening what is expected to be a record harvest. A group of transport companies and independent truckers are
The Japanese shipping company Mitsui O.S.K. Lines will invest up to 50 billion yen ($412 million) to build two liquefied natural gas (LNG) carriers, reports Nikkei. Construction of the ships will be contracted to South Korea's Daewoo Shipbuilding & Marine Engineering (DSME)
The CMA CGM Group has contributed to the TRAXENS startup capital increase. Two other investment funds – CAAP Création (Crédit Agricole Group) and S.C.R. Provençale et Corse (BPPC Group) – are also part of the initiative.
Does piracy off the coast of South-East Asia pose a threat? The answer is yes. Shipping lanes in Southeast Asia, one of the world’s busiest trade routes, have been hit by a “worrying new rise” in piracy. How is maritime piracy threatening South-East Asia and to what