World First

First Electronic Container Freight Swap Settled in USD

Saxo Bank and ICAP Shipping Involved in World's First Electronic Container Freight Swap Settled in USD.   Saxo Bank, the trading and investment specialist, and ICAP Shipping, the shipping arm of ICAP plc, announced on Thursday that they were involved in the execution of the world's first electronic, voice-assisted trade of a container freight swap agreement settled in US dollars. The counterparties to the trade were Saxo Bank in Denmark as the buyer and a Netherlands-based trading house as the seller. ICAP Shipping was the broker of the trade. The container freight swap agreement was executed on ICAP's Webtrader platform, with manual input from ICAP Shipping brokers and cleared by LCH.Clearnet.   The trade was executed by rugby star Lawrence Dallaglio during ICAP's 19th annual Charity Day. On ICAP Charity, all ICAP revenues are donated to a selection of 200 charities and celebrity patrons are invited to help close deals. Mr. Dallaglio attended ICAP Charity Day in support of Cancer Research and Great Ormond Street Hospital. Container freight swap agreements lock in the freight exposure for standard containers transported from Asia to Europe, Mediterranean countries and the United States. Cash flow for this sort of freight exposure has been unpredictable for retailers, importers and logistic companies in the past and the concept of pricing container freight against indices and using swap agreements to manage the risk has attracted many industry participants over

This Day in Naval History – May 13

1908 - Navy Nurse Corps established. 1908 - Pearl Harbor Navy Yard, later called Pearl Harbor Naval Shipyard, was officially established in the Territory of Hawaii as a coaling station for U.S. Navy ships transiting the Pacific Ocean. 1943 - Bureau of Navigation renamed Bureau of Naval Personnel 1945 - Aircraft from fast carrier task force begin 2-day attack on Kyushu airfields, Japan 1964 - Organization and deployment of world's first all nuclear-powered task group, USS Enterprise

Shell Plans to Build Floating Gas Plant

According to an Oct. 9 report from The Wall Street Journal, Royal Dutch Shell PLC announced plans to deploy the world's first floating liquefied-natural-gas facility, off the coast of northwestern Australia, in a move that could have major repercussions for the global natural-gas industry. (Source: The Wall Street Journal)

This Day in Naval History – May 13

1908 - Navy Nurse Corps established. 1908 - Pearl Harbor Navy Yard, later called Pearl Harbor Naval Shipyard, was officially established in the Territory of Hawaii as a coaling station for U.S. Navy ships transiting the Pacific Ocean. 1943 - Bureau of Navigation renamed Bureau of Naval Personnel 1945 - Aircraft from fast carrier task force begin 2-day attack on Kyushu airfields, Japan 1964 - Organization and deployment of world's first all nuclear-powered task group, USS Enterprise

This Day in Naval History - May 13

1908 - Navy Nurse Corps established. 1943 - Bureau of Navigation renamed Bureau of Naval Personnel. 1945 - Aircraft from fast carrier task force begin 2-day attack on Kyushu airfields, Japan. 1964 - Organization and deployment of world's first all nuclear-powered task group, USS Enterprise (CVN 65), USS Long Beach (CGN 9), and USS Bainbridge (CGN 25), to Sixth Fleet. (Source: Navy News Service)

Today in U.S. Naval History: May 13

Today in U.S. Naval History - May 13 1908 - Navy Nurse Corps established. 1943 - Bureau of Navigation renamed Bureau of Naval Personnel. 1945 - Aircraft from fast carrier task force begin two-day attack on Kyushu airfields, Japan. 1964 - Organization and deployment of world's first all nuclear-powered task group, USS Enterprise (CVN 65), USS Long Beach (CGN 9), and USS Bainbridge (CGN 25), to Sixth Fleet.

University to Design Fossil Fuel-Free Cargo Ship

UK's  University of Southampton to design the modern world’s first 100% fossil fuel-free sailing cargo ships Developments are underway at the University of Southampton to design the modern world’s first 100% fossil fuel free sailing cargo ships, in a project which aims to provide efficient and affordable low-carbon shipping in the face of rising fossil fuel prices and the global challenge of reducing greenhouse gas emissions.

ClassNK issues World’s First Statement of Compliance

ClassNK  has announced  that it has issued the world’s first Statement of Compliance (SOC) for a ship recycling facility to Jiangmen Zhongxin Shipbreaking & Steel Co., Ltd.   The Statement of Compliance issued by ClassNK certifies that the facility and its recycling procedures are fully in compliance with the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009 (Hong Kong Convention).  

Celebrity Honored for First Gas Turbine Cruise Ship

Celebrity Cruises has been honored by Lloyd's List for building the world's first smokeless gas turbine-powered cruise ship. The recognition came during Lloyd's biennial Shipbuilding, Machinery and Marine Technology (SMM) International Trade Fair in Hamburg, Germany. The event concluded with the presentation of the Lloyd's List-SMM 2002 Awards. Awards were presented for excellence and innovation in merchant shipbuilding, merchant marine technology and machinery

World's First Full Mission Diesel Electric Simulator Launched

RTM STAR Center® (Simulation, Training, Assessment and Research) has installed what it dubs the world's first Full Mission Diesel Electric Simulator. It is referred to as the DE III. The simulator is located at STAR Center's Dania Beach, Fla., facility and is based on a previous design by Kongsberg Maritime Ship Systems. This simulator however has enhanced mechanical and electrical systems enabling it to meet the demanding STCW '95 requirements for Class "A" full mission simulation.