USCG Medevacs Man From Sailboat off NC Coast
The Coast Guard medevaced an injured 62-year-old man from his sailboat Thursday approximately 100 miles east of Kill Devil Hills. Watchstanders at the Fifth Coast Guard District command center in Portsmouth, Virginia, received notification at approximately 8:30 p.m. Wednesday from the International Emergency Response Coordination Center, reporting they received a distress message from the sailboat Austina.
Asian Airlines Pause Before Hedging on Fuel
Oil fell to four-year low of $72 on Thursday; Airlines hope the price will slip below $70 a barrel. Airlines in Asia-Pacific are holding off from hedging their fuel…
Japan Military Wants China "Crisis Management" Pact
Japan's highest-ranking military officer on Friday urged an early start to a "crisis management" mechanism with China amid conflicting claims to a group of tiny East China Sea islands.
NATO Unconcerned by Russian Warships in English Channel
A squadron of Russian warships entered the English Channel on Friday but a NATO official dismissed a Russian media report that they were there to conduct military exercises.
New Players in Singapore Markets in OW's Absence
The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share towards…
Asia VLCC Rates Could Could Climb Even More
Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes could…
World’s Largest Boxship is DNV GL classed
CSCL Globe, the world’s largest containership and the first of a series of five 19,100 TEU containerships ordered by China Shipping Container Lines (CSCL) in 2013, has been named at Hyundai Heavy Industries (HHI) in Ulsan, South Korea. All of the vessels in the series will be constructed to DNV GL class. “At DNV GL, we are very honoured to be part of this project. CSCL Globe represents not only the largest, but one of the most energy efficient containers vessels in the world.
EU Regs on Ship CO2 Reporting Complicates IMO Agreement
ICS Concerned that EU will Preempt IMO CO2 Negotiations. The global trade association for shipowners – the International Chamber of Shipping (ICS) – is disappointed and concerned that the European Union is about to pre-empt negotiations taking place at the International Maritime Organization (IMO) on the collection of data on CO2 emissions from ships, by unilaterally adopting a regional Regulation which will apply to non-EU flag vessels, as well as ships registered in the EU.
Royal IHC Launches Subsea 7’s Seven Rio
Royal IHC (IHC) has today successfully launched Subsea 7's 550t pipelaying vessel, Seven Rio, at its shipyard in Krimpen aan den IJssel, The Netherlands. The naming ceremony was performed by Mrs Anelise Lara, Petrobras Executive Manager for the Libra Project. Subsea 7 selected IHC for the construction of this vessel because of its strong track record in vessel delivery and quality of service. The Seven…
Concordia Maritime Charters 2 P-MAX Tankers
Concordia Maritime signed time-charter contract for two P-MAX tankers and launched a pool with four vessels. The time-charter contracts are with Stena Bulk and cover the wholly owned Concordia Maritime tankers Stena Perros and Stena President, for one year each. The pool to be started up by Concordia Maritime and Stena Bulk will also include the P-MAX vessels Stena Penguin and Stena Primorsk for the same period of time.
Lagersmit, Back to Its Old Name
Starting in December 2014, IHC Sealing Solutions will operate under the new – but also old and trusted – name of Lagersmit. The new pay-off line ‘The Origin of Sealing Solutions’ pays tribute to the company’s rich history and its desire to supply the best sealing solutions, now and in the future. On 28 November 2014, the new name was unveiled at a party for the employees of the ‘new Lagersmit’. Why this new name and pay-off line?
Shipping Industry Highlights Progress on CO2 Reduction
2.2% of the world’s total Green House Gas emissions during 2012 compared to 2.8% in 2007. Shipping’s total emissions have reduced by more than 10% during the same period. In advance of the United Nations Climate Conference in Lima (1-12 December), the global trade association for ship operators – the International Chamber of Shipping (ICS) – says that the industry is on track to reduce its emissions by more than 20% by 2020 (compared to 2005) with further reductions going forward.
BIMCO wants IMO to Cut Red Tape
BIMCO has today announced its support for a report identifying ways to reduce red tape for shipping which will be presented to the International Maritime Organization (IMO) next week in London.
Russian Assets Sink on Oil price Collapse
Russia's rouble and shares hit new lows on Friday as oil prices collapsed after OPEC decided to leave its output unchanged despite heavy oversupply. At 1000 GMT…
Little Change for November’s Logistics Confidence Index
Little month-to-month change as the November Stifel Logistics Confidence Index increased only 0.1 points to 59.0. Compared to November 2013, the overall index is up 1.9 points however, this is down from the October year-over-year increase of 3.8 points as noted in last month’s analysis. Is this an indication of an economic slowdown or is it simply due to the time of year? The present situation sub-index suggests it could be related to an economic slowdown.
Van Oord to Acquire Activities of Ballast Nedam Offshore
Van Oord has reached agreement on the acquisition of the activities of Ballast Nedam Offshore. The acquisition consists of the assets of Ballast Nedam Offshore, the dedicated EPCI staff (Engineering, Procurement, Contracting and Installation), heavy lift installation vessel Svanen and the Westermeerwind project (144 MW). The activities will be integrated into Van Oord’s Offshore Wind Projects business unit.
BIMCO launches the Bunker Non-Lien Clause
BIMCO has today launched the Bunker Non-Lien Clause, aimed at reducing bunker suppliers’ reliance on ship arrest as a means of resolving claims for bunkers ordered but not paid for by time charterers…
HMAS Canberra Joins the Fleet
Governor General of Australia, His Excellency General the Honourable Sir Peter Cosgrove, AK, MC (Retd), together with the Prime Minister of Australia, the Hon Mr Tony Abbott, MP, were the guests of honour today as Australia’s first Landing Helicopter Dock (LHD) was welcomed into service in the Royal Australian Navy. The Australian White Ensign was raised for the first time, signaling that HMAS Canberra III was formally commissioned into the Fleet.
Petrobras’ Could Cut Logistics Costs by R$1 bi
One of a series of management improvement measures adopted by Petrobras in the last two years, the Logistics Infrastructure Optimization Program (Infralog) should…
Ljubica Delivered to Jadran Group
A few days after delivering our latest tuna freezer vessel Ljubica to our distinguished customer, the Jadran Group, the ship is already across the hemisphere operating at full capacity and excellent results. The pictures show the satisfaction of the ship owner Mr. Diego Miletic showing a beautiful specimen of tuna. These are the images that fill us with pride and encourage us to continue on the path of excellence in our work, thanks again to the Jadran Group for trusting us!