Asia-Europe Container Rates at One-Year Low
Container freight rates fell 10.2 percent on busy route; Maersk expects gradually declining rates. Freight rates for shipping containers from ports in Asia to Northern…
Statoil Makes Gas Find in Arctic
Norwegian oil firm Statoil has made a small gas discovery in the Arctic, near its Johan Castberg oil discovery, the Norwegian Petroleum Directorate said on Friday.
Intercargo Appoints New Secretary General
Intercargo has appointed David Tongue as its new Secretary General. Mr. Tongue, took up the role on 8 October, following confirmation of the appointment by Intercargo’s Executive Committee which met in London on 7 October. Mr. Tongue brings with him a wealth of maritime experience, having most recently held the position of Director of Regulatory Affairs at the International Chamber of Shipping – which he served for the past 12 years.
Panama Canal Takes Last Tugboat of New Fleet
The Panama Canal has received Cerro Ancon, the last of the 14 tractor tugs of its new fleet. These new tugboats will allow the Canal to offer a more efficient service to the global shipping industry and strengthen the waterway's capacity for the operation of the Third Set of Locks. The tugboats have been gradually arriving to Panama from Spain since June 2013. Astilleros Armon, S.A., a Spanish ship-building company, was awarded the contract in September 2011.
Historic Cruise Ship Float Out in Finland
The Meyer Turku Oy yard in Turku, Finland, celebrated a historical day on October 10, 2014. Meyer Turku Oy, which officially changed ownership only three weeks earlier with the takeover by Papenburg, Germany cruise ship building power Meyer Werft, floated out the cruise ship Mein Schiff 4. Jan Meyer, the CEO of Meyer Turku Oy, and Wybcke Meier, the new CEO of TUI Cruises opened the valves to flood the dry dock.
Goodwood Ship Management Set For Growth
Goodwood Ship Management, the Singapore based management company, is set to increase its fleet under management to more than 10 million deadweight tonnes, the company’s annual officers’ conference heard this week. Capt Ashok Sabnis, Goodwood Managing Director, told more than 150 senior officers at the Mumbai event that the management company was gearing up to take on technical management of more tankers.
TT Club Shows Strong YTD Performance
The TT Club, an international transport and logistics insurance provider, released a trading update for the period 1 January - 31 August 2014. Charles Fenton, Chief Executive of the TT Club…
UDIN Engineering Boosts FORAN in Korea
UDIN Engineering boosts FORAN in Korea Busan-based Unique Design and Intellectual Networks Engineering Co., Ltd. (UDIN) has recently entered into agreement with SENER Korea Engineering and Systems Co., Ltd. (SKES) for the permanent license of the FORAN System and related technical assistance. The agreement completes a process started off in July 2013 with the integral application of FORAN on a temporary…
Diana Containerships Takes Delivery of YM Great
Diana Containerships, a global shipping company specializing in the ownership of containerships, has announced that, through a separate wholly-owned subsidiary,…
Sea Harvest Invests R125m in Trawler
This year Sea Harvest celebrated 50 years since its inception and it launched its new vessel on Quay 6 at the V&A Waterfront in Cape Town. Fred Robertson, the Chairman of Sea Harvest and majority shareholder Brimstone Investment Corporation was present at the vessel christening ceremony and he christened her saying: “We are gathered here to name the Harvest Atlantic Peace, may she reap a bountiful harvest and may the God keep her and her crew safe on her journeys”.
Seacontractors Milestone with Three Damen Workboats
Customized vessels demonstrate capabilities in demanding global markets. Seacontractors has expanded its workboat fleet with three new orders at Damen Shipyards Group, including the maritime services provider’s ninth vessel from the Shoalbuster range, a Damen Shoalbuster 3209. In addition, Seacontractors’ order for two Stan Tugs makes it the launching customer for the new 70-tonne bollard pull STu 3011 design.
India Braces as Cyclone Hurtles Towards East Coast
V olunteers, disaster management officials and aid workers conducted mock evacuation drills in hundreds of villages along India's east coast on Friday as a powerful cyclone approached…
Retail Imports Surging to Pre-Holiday Highs
Import cargo volume at the nation’s major retail container ports is expected to see a final surge and set a new monthly record in October as the holiday season approaches…
IMO Urged to Provide Access to Efficiency Data
Shipping Fuel Transparency Will Lower Emissions and Cut Costs. NGOs call on shipping industry regulator to drive down costs, trigger improved fuel efficiency and reduce ship GHG emissions through efficiency data transparency. Transport & Environment, Seas at Risk and Carbon War Room are urging the International Maritime Organisation (IMO) not to withhold data on ship efficiency and fuel consumption.
Reducing Human Error & Near Miss Incidents
We recently came across a very interesting report issued to Congress by the United States Coast Guard. The May 2012 study might seem dated, but that’s hardly the case. Actually, it’s a telling description of what can go wrong, why and perhaps, a blueprint for how to go forward and fix things. That’s our take, in any event. The Report chronicles oil spills from all vessel types, including the towing industry, tank ships, the offshore industry, freighters, and fishing vessels.
Paul N. Jaenichen - Maritime Administrator, United States Maritime Administration
Paul “Chip” Jaenichen was appointed by President Obama and sworn in as Maritime Administrator on July 25, 2014. Before his appointment, Administrator Jaenichen served as Acting Administrator beginning in June 2013. He joined the U.S. Department of Transportation, Maritime Administration in July 2012 when he was appointed Deputy Maritime Administrator. A career naval officer, retiring in 2012 after serving 30 years as nuclear trained Submarine Officer in the U.S.
DSME Returns for More Dual-Fuel Engines
Four two-stroke ME-GI engines ordered for two LNGCs. MAN Diesel & Turbo has received an order for four MAN B&W 5G70ME-GI engines in connection with Daewoo Shipbuilding & Marine Engineering Co.,Ltd. (DSME) agreeing a deal with the BW Group to build two LNG carriers. The technical engine specification complies with IMO Tier II, with options to include remedies for Tier III compliance at a later stage.
The Gulf Intracoastal Waterway – A Silent Giant No More
The recent enactment of the Waterways Resources Reform and Development Act of 2014 (WRRDA) has brought a sense of optimism to inland waterways mariners, operators and industries across the nation. Our inland waterways are poised for success, and key to that success is the anticipated support provided in that bill. Of course, follow on appropriations and carefully planned implementation is critical to assure continued success of our waterways system.
10,000 km Kayak Journey Ends in Istanbul
Two French students arrived yesterday (9th October) in Istanbul, finishing a 14 month epic 10,000km journey by sea kayak, having set off from Gibraltar in July 2013. Sponsored by leading marine lubricant supplier Total Lubmarine, the pair conducted important research into toxic algae and noise pollution in the Mediterranean. The journey, part of the Mare Nostrum Project, saw Louis Wilmotte and Douglas…
Harvey Gulf Expands into Mexico
Harvey Gulf, a strong driver in the U.S. OSV market and a true leader in the incorporation of LNG-as-fuel in marine vessels, announced that it establishing Harvey Gulf International Marine de Mexico S.A.P.I. de C.V. Recently approved changes in Mexican law allow foreign ownership in hydrocarbons which facilitates this growth. “We recognize the growth potential in the Mexican market for our business," said Shane Guidry, CEO of Harvey Gulf International Marine.