Egypt's Sisi Launches Nationalist New Suez Canal Celebration
Egypt staged a show of international support on Thursday as it inaugurated a major extension of the Suez Canal which President Abdel Fattah al-Sisi hopes will power an economic turnaround in the Arab world's most populous country. The former armed forces chief, who led a military takeover two years ago but ran for president as a civilian last year, told a ceremony attended by leaders of France, Russia, Arab and African states that Egypt would defeat terrorism. The $8 billion New Suez Canal project was completed in just one year instead of three on Sisi's orders…
USCG Updates Prohibited Cargo Carriers List
The U.S. Coast Guard (USCG) Port State Control (PSC) updated its list of vessels and ship management companies that are prohibited from carrying U.S. government impelled cargos. Americas Marine Management Services, Inc. Caribbean Ship Services, Inc. Elicla Maritime Advisor & Broker Inc. Enterprises Shipping & Trading S.A. Fusion Holdings International S.A. Held Bereederungs Gmbh & Co. Jutha Maritime Public Co. Ltd. Labris Co Ltd. Norbulk Shipping UK, Ltd. Nordana Line (Singapore) Inc. Nordica Schifahrts GmbH & Co. Northway Marine Corp. Sea Trader International Co., Inc. Seatrade Groningen B.V. V Ships (UK) Ltd. Valencia Shipping Corp. Wavecrest Shipmanagement, Inc.
INTTRA & Craft Group Sign Stategic Agreement
INTTRA, the multi-carrier e-commerce network for ocean shipping, announce that Craft Multimodal has entered into an agreement to join the INTTRA Non-Vessel Operating Common Carrier (NVOCC) network. Craft, a market-leading cargo consolidator for import and export services in Brazil, Argentina, Uruguay and Chile, offers 180 routes throughout South America. Under the agreement, Craft will leverage the INTTRA platform to reduce manual shipment processing and improve access to shipment information through a comprehensive e-commerce shipping solution. The agreement includes an accelerated implementation leveraging INTTRA’s online shipping capabilities for all of Craft’s brands, affiliates and customers.
Stategic Marine Awarded Contracts
Strategic Marine recently won contracts for three aluminum hulled boats from an Indonesian company. Strategic Marine chairman Mark Newbold said he was delighted with the latest signings which will see the company build three additional 31m offshore utility boats for PT Baruna Raya Logistics. Newbold said that Baruna Raya’s craft would be built at the company’s Ba-Ria Vung Tao yard in south Vietnam, with hull deliveries scheduled for October and December 2008 and February 2009. Baruna Raya’s craft will accommodate up to 60 passengers and a crew of eight and feature 67sqm of deck space. The two boats will be powered by three Cummins KTA38 engines generating a combined 3600bhp and capable of reaching a maximum speed of 24kts.
Port Makes Stategic Land Purchase
Inland Rivers Marine Terminal. 5,000 linear feet of water frontage on the U.S. Gulf Intracoastal Waterway. The land was purchased from 11 heirs of the Hummel estate. million purchase was brokered by Marc Barker of Latter & Blum Realtors. goals and strategies for economic development. is slated for a possible barge docking facility and industrial development. The land offers ready access to U.S. Union Pacific Railroad. route to Houston by 170 miles. there. Plans are underway for development of the property. "Baton Rouge is a great place to do business and to bring business. our goal at the port. business for our region.
On-Line Tool Launched for Tanker Industry
A leading software supplier to the shipping industry said on Friday it had launched a new internet-based tool for the chartering and operation of tankers. It said the system had been developed with support from three U.S. ship brokerages: Dietze, McQuilling and Weber. Strategic Software, which acquired its closest competitor Dataworks in May, has long dominated the shipping sector. In the last two years it has come under increasing pressure from internet start-ups keen on taking a slice of the $120 billion per year maritime freight industry. The system is likely to compete with the online services of London's Baltic Exchange, which will be launched next Monday. To some extent it also competes with LSX-2, a product being developed for online ship chartering by London-based Levelseas.
