Turkey Signs Maritime Deal with Malta
Turkey has signed a deal with Malta to develop cooperation in the maritime field, the Turkish transportation minister Lutfi Elvan said. Turkey wants to become a marine transit country. In this context, the country will improve its cooperation with Malta, the Minister added. Elvan met the Maltese Minister for Transport and Infrastructure Joe Mizzi to discuss ways and means for enhancing cooperation between the two countries in the fields of transport and maritime affairs.
Malaysia Backs Maritime Silk Road
Malaysia is ready for greater collaboration and cooperation with China with regard to Maritime Silk Road (MSR) proposal delivered by Chinese President Xi Jinping. Malaysian Transport Minister Datuk Seri Liow Tiong Lai said that his Ministry has identified a few ports in Malaysia to be part of the MSR. The sources in the Ministry said that Malaysian side is supportive on the incentive of building the Maritime Silk Road and have been keeping an open mind on it.
China Warns India, US on Regional Conflict
There is no need for India and the United States to have concerns on navigation and over flight over the disputed South China Sea, says China. "The situation in the South China Sea was stable and that there was no problem with freedom of navigation in the area," China said. China's reaction came a day after India and USA issued a first ever "joint strategic vision" for the Asia-Pacific. The joint vision…
Nordbank Eyes Bad Shipping Debt Deals
The world’s largest financier of ships HSH Nordbank AG wants to move forward in 2015 with the removal of bad shipping loans that racked up during a seven-year glut in the global container fleet, reports Bloomberg. The bank plans several transactions in which external shipping companies to take over ships of HSH-strapped borrowers, said Wolfgang Topp, head of restructuring division of HSH. He expects…
Launch of Asian Marine Casualty Forum
An industry forum aimed at producing a practical response to the current crises in maritime casualty management was officially launched in Singapore today. LOC Group (LOC), the leading international maritime consultancy group, is set to host the forum, the first of its kind, as a cornerstone gathering during the forthcoming Singapore Maritime Week (April 20-24, 2015). Singapore is the perfect location…
COSCO Piraeus Pier III Inaugurated
The Inauguration of the Expansion of Pier III of COSCO Piraeus Container Terminal(PCT) was held yesterday. Premier Li Keqiang of China sent a congratulatory message, which was read by Mr. Zou Xiaoli, Chinese Ambassador to Greece during the ceremony. Prime Minister Antonis Samaras of Greece attended the event and made congratulatory remarks. Executive Vice President Sun Jiakang of COSCO Group delivered a speech and cut the ribbon together with the Prime Minister and Ambassador.
Investment Impact in Inland Waterways System
The National Waterways Foundation (NWF) has commissioned and released a two-year, ground-breaking study by the University of Tennessee and the University of Kentucky, “Inland Navigation in the United States: An Evaluation of Economic Impacts and the Potential Effects of Infrastructure Investment” (November 2014). The study examines the waterways’ national economic return on investment and the need…
Sino-Global to Acquire Tanker
Sino-Global Shipping America, Ltd. a shipping agency, logistics and ship management services company, today announced that it has entered into a Memorandum of Understanding (the "MOU"), between the Company and Rong Yao International Shipping Limited, a Hong Kong corporation (the "Vessel Seller") pursuant to which the Company has agreed to acquire a small oil/chemical tanker (the "Vessel") from the Vessel Seller.
Baby Medevaced from Cruiseship in Gulf of Mexico
A Coast Guard helicopter crew medevaced an 8-month-old baby girl from the cruise ship Carnival Triumph early Monday morning, 140 miles southeast of Galveston. "It was very rewarding to be able to start a search-and-rescue career helping out a mother and her 8-month-old who really needed us at the time," said Petty Officer 3rd Class Daniel Grow, in reference to his first rescue as a qualified flight mechanic. At 7:15 p.m.
Abu Dhabi Ports Invests in Management Software
Abu Dhabi Ports is implementing a brand new terminal operating system (TOS) which will enhance the general cargo operations at the emirate’s ports, significantly improving processing times and the full range of customer service offerings. The state-of-the-art port management software called “Master Terminal” will replace Abu Dhabi Ports’ existing systems and support the management of all aspects of the general cargo operations…
ms Veendam Rescues Pilot Off Maui Coast, Hawaii
On Sunday, Jan. 25, 2015, at 5:21 p.m. local time while en route to Lahaina, Hawaii, Holland America Line’s ms Veendam answered a request for assistance from the United States Coast Guard to rescue a pilot who had ditched his single-engine Cirrus SR-22 after he experienced a mechanical issue with the fuel system. The pilot was located approximately 225 nautical miles off the coast of Maui, Hawaii. In partnership with the U.S.
‘Maritime Spectrum’ of CMMI a Big Draw
For The Company of Master Mariners of India, the conference “Maritime Spectrum” that comes at the turn of each year has become a brand in itself, and each one witnessing a bigger gathering of mariners both on shore leave as well as others in land-based jobs. The organizers have been putting in a lot of effort to structure the programs so that participants benefit from them for furthering their career besides providing up-to-date information and details about the latest developments.
CFE to Lift Eight LNG Cargoes
Mexican state-owned utility CFE has bought eight cargoes of liquefied natural gas (LNG), four traders said. Swiss trading house Trafigura was awarded the bulk of the volume…
Oil Tankers are Front Line of Libya's Struggles
Crew members killed in tanker attack this month; West fears worsening violence could lead to civil war. Oil shippers face higher costs and the possible loss of insurance cover on Libyan voyages…
Tighter Supertanker Market Impacts Asian Fuel Supplies
The window to sell Western fuel oil to Asia is starting to close as demand for a limited fleet of supertankers to store cheap crude pushes freight rates to multi-month highs…
Enterprise Contracts to Boost U.S. Crude Exports
Enterprise bumps up exports through annual contracts; signs 2015 contracts with PDS, Vitol; seeks one more term buyer. U.S. exports of condensate have been given…
Secure VGP Compliance with New Verification Service
Recent updates to the US Vessel General Permit (VGP) have brought new technical and reporting requirements for vessels operating in US waters, including the need for the preparation of a detailed annual report. DNV GL’s newly introduced VGP verification service helps to ensure compliance by providing a comprehensive review of both VGP procedures and documentation. The VGP verification service consists of a review of company-wide VGP procedures…
Maersk Line to Increase Asia-Europe Rates
Maersk Line, part of Denmark's A. P. Moller-Maersk, plans to increase shipping freight rates for transporting containers from ports in Asia to Northern Europe by $400 per 20-foot container (TEU) from Feb. 1, it said on Tuesday. The Danish shipping company controls around one fifth of all transported containers from Asia to Europe.
Australian Tall Ship Rounds Cape Horn
The Royal Australian Navy operated Sail Training Ship Young Endeavour rounded Cape Horn on Australia Day, 36 days into a 12-month circumnavigation of the world. Chief of Navy Vice Admiral Tim Barrett AO, CSC, RAN congratulated the 36 seafarers on board the square-rigged tall ship, including 12 Royal Australian Navy crew and 24 alumni crew specially selected for the passage. Vice Admiral Barrett said…
ZIM Launches Monitoring and Tracking Service
ZIM integrated shipping services has announced the launching of a new monitoring, tracking and security services package, specifically designed for valuable and sensitive cargo stowed in reefer containers. The service allows customers to closely monitor their cargo's status, change settings remotely and intervene to prevent damages. The announcement was made at the Cool Chain & Temperature Controlled Logistics Europe conference in Frankfurt…