World 19S Largest
China Ocean Shipping, China’s dominant maritime firm, is investing Yuan2bn in what is envisioned to become the largest shiprepair facility in the world. The base will be in the Zhoushan archipelago in Zhejiang province, two hours’ steaming from Shanghai, which is likely to become the world’s biggest port in the coming decade providing plenty of repair work, particularly for very large crude carriers and containerships.
AFP reported that 's state pension fund is likely to scrap plans to bid for Daewoo Shipbuilding because of global financial turbulence. The National Pension Service the world's fifth largest, had been in talks with POSCO, GS Group and Hanwha Group to find a partner for the acquisition of Daewoo Shipbuilding. Hyundai Heavy Industries, the world's largest shipyard, is also interested in Daewoo Shipbuilding, the world's third biggest yard.
Royal Dutch Shell plc and BP plc, Europe’s largest energy companies, were the leading hirers of oil tankers last year as crude prices rose to records. Shell hired 762 crude oil tankers for single voyages in 2005, accounting for 7.5 percent of the global total, according to figures compiled by New York-based shipbroker Poten & Partners. BP rose from fifth in 2004 to second, with a share of 4.9 percent. Exxon Mobil Corp, the world’s top energy company, came third in the survey.
Three new carrier groups now control 58% of the total capacity in the transatlantic container trade, according to World Liner Supply, a new quarterly report from the compairdata.com on-line shipping database. The fourth quarter 2000 issue of World Liner Supply shows that the merger of services and the combination of smaller carrier groups has led to a substantially higher market concentration in the North America/northern Europe container trade.
From the Navy News Service 1775 - Capt. John Manley in schooner Lee captures British ordnance ship Nancy with large quantity of munitions. 1890 - First Army-Navy football game (Navy won 24-0). 1929 - Cmdr. Richard Byrd makes first flight over South Pole. 1944 - USS Archerfish (SS 311) sinks Japanese carrier Shinano, world's largest warship sunk by any submarine during World War II.
The Department of Transportation announced that the last of ’s famous ships, the Arthur M. Huddell, will be towed from the James River Reserve Fleet site at , , to , on July 28, to prepare the World War II-era vessel for a cross-Atlantic tow to its new homeport in . Greek officials say the ship will become a merchant marine museum of that nation’s shipping industry. While in , the Huddell will be berthed at the W3 Marine facility while the cross-Atlantic tow-prep is
According to reports, South Korea fell behind China and Japan in the number of shipyards ranking in the world's top 50 in terms of order backlogs as of the end of May, although seven South Korean companies were No 1 through No 7, a London-based market research firm said. Fifteen Japanese shipyards and the same number of Chinese companies were included in the world's top 50 list, while only nine South Korean shipyards made it, Clarkson Plc. said.
Dubai World has consolidated its drydocks and maritime business by bringing Dubai Drydocks, Al Jadaf Shipyard, Platinum Yachts FZ and Platinum Yacht Management under a single umbrella - Dubai Drydocks World (DD World), a statement said. Dubai World, which runs DP World, the world's third largest port operator, yesterday announced the establishment of Dubai Drydocks World (DD World) to consolidate the dry docks and maritime sector of the organisation
Crystal Cruises voted winner of 'World's Best Large-ship Cuise Line' for 17th time by readers of Travel + Leisure magaizine In recent months, Crystal say it has spent $40 million on redesigns of its award-winning Crystal Symphony and Crystal Serenity, and $100 million in a little over five years. "While we have delighted travelers this year with newly designed spaces, new services, and new value-conscious pricing
At DP World's annual gala dinner the chairman noted the company's success was rooted in UAE's rich maritime tradition. The UAE’s rich sea-faring tradition supported and drove DP World’s rise from a local port operator to today being third largest marine terminal operator globally, said Chairman H.E. Sultan Ahmed Bin Sulayem addressing the recent Annual Grand Gala Dinner of DP World, UAE Region. Addressing the event held under the theme “Dreams of the Sea”
PRONAUTAS and Jan De Nul Group have announced a new partnership to roll out an ECDIS implementation program on board Jan De Nul vessels. PRONAUTAS will deliver and install Transas Navi-Sailor 4000 ECDIS in Premium configuration with radar overlay.
KVH Industries, Inc. was chosen by BW, a worldwide maritime energy transportation company, as the satellite communications solution for its Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) fleet. BW’s vessels will use KVH’s advanced
Tom Ridge, President and CEO of Ridge Global, an international provider of security and risk management services, today announced that Thomas Betro, former Director of the Naval Criminal Investigative Service (NCIS), and VP at NTT DATA, has joined as an advisor
The Baltic Exchange inform it will be making significant amends to the Baltic Capesize Index including a change to its vessel description, amends to the route weightings and the addition of three new routes, as follows: The move follows a formal consultation process with the dry bulk
Wärtsilä received an order to supply complete main propulsion systems for six new chemical tankers. The ships are being built at the Hudong-Zhonghua Shipbuilding Group yard in China on behalf of Stolt Tankers B.V., the operator of one of the world's largest chemical tanker fleets and a
The Norwegian firm OceanSaver, a provider of ballast water treatment (BWT) systems for medium and large vessels, has just marked its 10th birthday with the news that 2013 will be its best ever year for sales. CEO Houtan Houshangi has revealed that the company has secured over 50 orders for its
FloScan announced the latest in a series of Case Studies detailing how their fuel computer systems are being used in a real world commercial environment. FloScan systems were chosen by a leading group of researchers in New England to identify ways to reduce the operating overhead of commercial
The launch vehicle blasted off from Pad 39 at the Baikonur Cosmodrome in Kazakhstan, and the first telemetry signal was acquired soon after by Inmarsat's Paumalu ground station in Hawaii, putting the satellite under the control of Inmarsat’s mission operations team.
Polaris Shipping Co., Ltd., Korea Midland Power Co., Ltd., Hyundai Heavy Industries Co., Ltd., and Siemens Energy Solutions Ltd. signed a Memorandum of Understanding at COEX Intercontinental Hotel in Seoul on December 10, 2013 to develop Mobile Powership
Light Structures, a global technology company for fiber optic monitoring and analysis systems, has won the contract to provide the critically important Load & Fatigue Monitoring Solution for the $2.7 billion Ichthys LNG Central Processing Facility (CPF)
Classification society ClassNK and Rio Tinto Iron Ore (part of the Rio Tinto Group, one of the world’s largest metal and mining companies), announced that they have signed a collaborative agreement focused on the safe carriage of iron ore.
Today in U.S. Naval History - December 10 1941 - Guam surrenders to Japanese. 1941 - Aircraft from USS Enterprise attack and sink Japanese Submarine I-70 north of Hawaiian Islands. A participant in the Pearl Harbor Attack, I-70 is the first Japanese combatant ship sunk during World War II
Marine navigation and communications specialist MARIS AS, of Norway and Chinese marine electronics company New Sunrise Co., Ltd. (NSR), of Suzhou, have signed an agreement that establishes MARIS as the largest ECDIS original equipment manufacturer in the world.
Mintra Training Portal Limited, a provider of learning and competency solutions for the oil and gas industry has secured a contract to deliver training management services to EnQuest’s U.K. employees. The three year deal will see Mintra deliver practical
Trelleborg is expanding the docking and mooring service of its marine systems operation as part of an ongoing commitment to better serving its global customer base through local presence. In an effort to make certain that all customers have access to the same high quality support