China's CIC Changxing Shipyard Repairs 'Thor Enterprise'
The 42,529 dwt bulk carrier owned by Thor Shipping, Bangkok, Thailand, sailed from the yard after the 16 days scheduled for extensive repair work and hull coating.
MOL Announce Latest KPI Results
MOL (America) Inc. announces May 2013 KPI results, betters targets in majority of categories. MOL (America) Inc. announces the May 2013 results of its Regional Key…
Windea Signs LOI for Damen Fast Crew Supplier
At the recent Windforce 2013 exhibition in Bremerhaven (Germany) Windea Offshore Group signed a Letter Of Intent (LOI) with Damen Shipyards Group for a new Fast Crew Supplier, a Twin Axe catamaran for the Offshore Wind industry. A typical feature of the FCS 2610 is the double Damen Sea Axe bow which creates a large uptime-window, amongst others by reducing slamming up to 70%. Windea Offshore is currently expanding its Offshore Wind activities…
Arctic Holds Boatloads of Shipping Potential
The Arctic region is notorious for relentlessly harsh climates that make shipping operations grueling. But despite the many limitations these conditions present, Leiv Lunde, Director, Fridtjof Nansen Institue, says the outlook is optimistic for the Arctic maritime industry 10-20 years down the road. Lunde presented “Asia’s Rise, Arctic Change and Energy Trade: Myths, Realities and Implications for the Shipping Industry” at the 26th annual Marine Money Week in New York on Wednesday June 19.
Today in U.S. Naval History: June 20
Today in U.S. 1813 - Fifteen U.S. gunboats engage three British ships in Hampton Roads, Va. 1815 - Trials of Fulton I, built by Robert Fulton, are completed in New York.
Coast Guard Receives 126th Response Boat
The crew of Coast Guard Station Wrightsville Beach accepted delivery of the station's newest asset, a 45-foot Response Boat - Medium, which represents the 126th boat in a fleet of 170 being delivered to the service. The RB-M will replace the aging fleet of 41-foot Utility Boats (UTB) and assorted non-standard boats being used at Coast Guard stations throughout the country. The UTB has been a workhorse at Coast Guard stations for more than 25 years…
Teledyne Seeks Speakers for AiA Conference
Teledyne RDI said it would like to implement three lightning round sessions at this year’s ADCPs in Action (AiA) Users’ Conference, which is scheduled to take place in San Diego, Calif.
Panama Canal Reinforces Tug Fleet for Expansion
The Panama Canal has increased its tugboat fleet with the arrival of the first two of 14 tugboats that will improve the waterway’s resources to offer a safer and more efficient service to the global shipping industry. These tugboats will strengthen the Canal’s capacity for the operation of the Third Set of Locks. “These new tugboats will allow the Panama Canal to continue offering a world-class service,” Panama Canal Administrator Jorge L. Quiijano said.
Connor Named President & CEO of Wallenius Wilhelmsen
After six years as President & CEO of Wallenius Wilhelmsen Logistics (WWL), Mr Arild B. Iversen is moving into a new role as consultant to the parent companies and WWL. Christopher J. Connor, currently Deputy CEO & Chief Commercial Officer, will take over at the helm. Mr. Connor starts as President & CEO on June 21 and will be located at the company’s headquarters in Lysaker, Norway. With over 32 years of experience in the logistics industry, Mr.
Underwriting your newbuild program is only one half of the sea passage. That’s because the construction phase is fraught with danger. Congratulations! You’ve run the due-diligence/underwriting gauntlet successfully and now you have your lender’s credit approval in hand. You are satisfied with the terms and conditions of the loan or lease and the lender or lessor is happy with you. Don’t celebrate quite yet, though. You are only about half of the way home.
One Step Closer to Hull and Propeller Measurement Standards
Jotun released a statement welcoming action taken by the International Standards Organization to mobilize an expert group to start work on a common industry standard…
U.K. Shipping Minister Addresses Global Maritime Race
Shipping Minister Stephen Hammond MP has just returned from a Greek-British Shipping Forum where he addressed Greek businesses. Here he writes, exclusively for Maritime U.K., on the success of the event and the importance of Britain’s growing shipping industry. I was pleased to be invited to give the opening speech at the Greek-British Shipping Forum in Athens on Monday, alongside the Greek Maritime Minister Mr. Mousouroulis.
Statkraft, Norfund Agree to Further Cooperation
Statkraft and Norfund have signed an agreement expressing their intention to restructure and prolong their cooperation within renewable energy. The aim, they said…
Update: Damaged MOL Containership
Mitsui O.S.K. Lines, Ltd. (MOL) released a statement updating the status of the containership MOL Comfort as of 11 p.m. JST on June 19, 2013. The vessel could not continue sailing under its own power from June 17 because the hull fractured in two parts while under way on the Indian Ocean, the company said. Mol Comfort', the 316-m-long vessel was carrying 4,500 containers from Saudi Arabia when it split into two roughly 840 nautical miles off the coast of India.
IEA Sees Growth of Natural Gas
But the "Golden Age" is still in full swing as gas emerges as a significant transportation fuel, a new report says. Natural gas will continue to increase its share of the global energy mix…
It is impossible to view the global container shipping business without looking at it through the prism of vessel capacity being added to the market. What happens over the next two years will be a direct result of the glut of newbuildings that are flooding into service and wrecking freight rates. Just consider these numbers. During the first four months of 2013, Alphaliner puts the new containership deliveries at 496,000 TEUs.
Dr. Shashi Kumar
We had the privilege to pick the brain of Dr. Shashi Kumar (right) a Master Mariner, Fulbright Senior Specialist Fellow and Professor Emeritus of International Business and Logistics, for his take on a wide range of maritime matters near and far. A market boom starting in 2014? The long-term effects of Sequestration? A ‘cap’ on the size of ships? He covers it all. This maritime economy has been bad for a number of years. Put in perspective the downturn now vs. traditional downturns.
Dan-Bunkering Appoints Sales Manager and Senior Bunker Trader
A/S Dan-Bunkering Ltd. announced that as of May 1, 2013, Rune Andreasen has been appointed Sales Manager in Dan-Bunkering’s office in Copenhagen. Rune started as a trainee with Dan-Bunkering back in 1999, and was in 2010 promoted to Senior Bunker Trader & Team Leader. In his new role, Rune will be responsible for the daily management, development and education of the trading department in Copenhagen.
Niedersachsen Ports on Course of Expansion
With two state-of-the-art Liebherr Mobile Harbor Cranes, Niedersachsen Ports works the switches for more turnover in their seaports Brake and Emden. Within a short time frame, Niedersachsen Ports GmbH & Co. KG (NPorts) in Northern Germany ordered two Liebherr Mobile Harbor Cranes (LHM). In Brake, NPorts has already operated a LHM 500 for years, the company said, so it decided to equip the Niedersachsenkai with the popular successor model, type LHM 550.
The Year in Review
The last 12 months has been one for the books ... or the trash. There was no shortage of government inducements to turn the lackluster tide in 2012—stimulus spending in China and Japan, quantitative easing by the U.S. Federal Reserve, and multiple actions by the European Central Bank to strengthen the Eurozone. But as the year evolved, weak macroeconomic fundamentals decisively trumped monetary policy initiatives and continued their choke on global commerce, hence the maritime sector.