Hamburg Sud, CCNI Deal Next Month
Hamburg Sud has entered into a long-expected purchase agreement for Chilean shipping line CCNI (Compania Chilena De Navigacion Interocea) for an undisclosed sum. The transaction is expected to close by end-March pending approval by antitrust authorities, said Hamburg Sud, adding that the CCNI brand would continue. The Agreement between the German ship-owner and his South American counterpart was announced in July 2014.
Singapore Budget Sops for Maritime
With a focus on improving maritime business sectors through a series of incentives to raise productivity, innovation, and internationalization the government of Singapore extended a number of its maritime incentives in its 2015 budget. "I will extend the Maritime Sector Incentive (MSI) which promotes the growth of Singapore as an International Maritime Centre," said Tharman Shanmugaratnam Deputy Prime Minister and Finance Minister in his 2015 budget speech on Monday.
India to Roll Out $8 billion Smart City Ports
Indian shipping minister Nitin Gadkari has said the government is working on an ambitious plan to build one smart city each at the country's 12 major ports. The plan estimates total investment of Rs 50,000 crore ($8 billion). Government moving ahead with its ambition plan to build twelve cities at twelve ports, as part of its ambition plan of building 100 smart cities in the country, Gadkari said.
Maybulk to Build Five More Ships
Unfazed by the tough market conditions that the shipping industry is faced with, Malaysian Bulk Carriers Bhd (Maybulk) said it will move forward with fleet renewal activities. Maybulk is building five new ships to expand its fleet size to 27 vessels by 2018, even as plunging charter rates slashed the company’s net profit by 72% to in the year ended Dec 31, 2014. The expansion will increase the group’s capacity to ship iron ore…
NewLead Holdings' Tanker contracted
NewLead Holdings Ltd. announced today that it has entered into its first Contract of Affreightment for one of its bitumen tankers vessels, the Katerina L, for the transportation, within a ten month period, of a minimum of 31,000 tons of bitumen over ten voyages, or, at the Charterer's option, up to a maximum of 49,600 tons of bitumen over 16 voyages. The first shipment is scheduled to commence by the end of February 2015.
Gladding-Hearn Bags Hy-Line Cruises Catamaran Order
Hy-Line Cruises, a division of Hyannis Harbor Tours, Inc., Hyannis, Mass., has ordered a new 493-passenger, high-speed catamaran from Gladding-Hearn Shipbuilding, the Duclos Corporation. The fourth Incat-Crowther fast ferry built by the Mass.-based shipyard for the Cape Cod passenger ferry company is larger and more stylish in design than previous vessels. The new ferry will provide year-round passenger service between Hyannis and Nantucket Island. Delivery is scheduled for 2016.
MSC's Falcon Service Between Asia and M.E.
Mediterranean Shipping Company has announced the start of a new dedicated service between Asia and the Middle East called the New Falcon service. Once the service commences, customers can enjoy improved transit times to Jebel Ali, 24 days from Xingang, 20 days from Shanghai, 15 days from Chiwan and 10 days from Singapore. The service will also call at Colombo, Sri Lanka on its westbound voyage to the Middle East and India on its eastbound voyage.
Biggest Irish Port Project Gets Underway
Ireland’s largest bulk port company, Shannon Foynes Port Company (SFPC), announced yesterday the commissioning of the first ports infrastructure project since the turn of the millennium, with a €50million capital investment programme at Foynes. Launched by Minister for Transport and Tourism Paschal Donohoe, the programme is the implementation of the first key element of the port company’s masterplan…
AEGIS Missile Defense System Performs Successful Test
The Missile Defense Agency (MDA) and sailors aboard the USS Carney, USS Gonzalez, and USS Barry successfully completed a flight test involving the Aegis Ballistic Missile Defense (BMD) weapon system. At approximately 2:30 a.m. EST today, three short-range ballistic missile targets were launched near simultaneously from NASA's Wallops Flight Facility, Virginia. Two Aegis BMD destroyers acquired and tracked the targets.
ExxonMobil Encouraging Girls into Engineering
ExxonMobil is encouraging girls to consider science, technology, engineering and math (STEM) careers through the '12th-annual Introduce a Girl to Engineering Day program' to be held at 14 ExxonMobil and XTO Energy sites nationwide over the next several months. Building on the success of ExxonMobil’s recent ‘Be An Engineer’ efforts, more than 2,000 middle-school girls across the country will take part.
200th Anniversary Commemoration of Dual Victory
The crew of USS Constitution commemorated the bicentennial of Old Ironsides' final battle during the War of 1812, her unprecedented dual-victory over Royal Navy ships HMS Cyane and HMS Levant Feb. 20 in Charlestown Navy Yard. Constitution Sailors fired the ship's saluting battery at noon to commemorate the start of the battle, and visitors to the ship received dramatic accounts of the battle from Constitution crew members throughout the day.
Launch of Mississippi River Cruise Service
Governor Bobby Jindal and Viking Cruises Chairman Torstein Hagen announced the selection of New Orleans as the homeport for Viking River Cruises’ first North American river cruise itineraries. The Mississippi River cruises will operate from docking facilities near the French Quarter in New Orleans. Viking’s new service will result in the creation of 416 new direct jobs for Louisiana-based operations and vessel crews…
U.S., Ghana Complete AMLEP 2015
U.S. and Ghanaian and maritime forces completed Africa Maritime Law Enforcement Partnership (AMLEP) 2015 operations, Feb. 24, 2015. The Military Sealift Command’s joint high-speed vessel USNS Spearhead (JHSV 1) and an embarked combined law enforcement detachment (LEDET), working in tandem with Ghanaian navy’s Western Naval Command Maritime Operations Center (MOC) and patrol vessels, were able to detect…
International Ice Patrol Opens Annual Ice Season
The U.S. Coast Guard International Ice Patrol opened the annual ice season February 3 to detect and track icebergs in the North Atlantic Ocean. The IIP deployed its first Ice Reconnaissance Detachment (IRD) to Newfoundland, Canada, to meet with Canadian partners and to conduct the initial aerial patrols of the season. The IIP conducts iceberg reconnaissance using HC-130J Hercules aircraft from U.S. Coast Guard Air Station Elizabeth City, North Carolina.
Access to Brazil's Santos Port Cleared of Striking Truckers
A main access road to Brazil's Port of Santos was cleared early on Wednesday after a truck driver strike dispersed, though other roads in the country remained blocked…
Maersk Sheds Danske, to Issue Dividend
Danish shipping and oil group A.P. Moller-Maersk will hand shareholders a $6.6 billion windfall in dividends this year after it sells its 20 percent stake in Denmark's biggest bank Danske.
Darwin LNG Launches Sell Tender
Australia's Darwin liquefied natural gas (LNG) export plant, operated by Conoco Phillips, has launched a tender to sell one cargo loading April 6-7, according to traders familiar with the matter.
Iran War Games Target Mock-up U.S. Ship
Iran's elite Revolutionary Guards staged war games in the Strait of Hormuz on Wednesday, including a gunboat attack on a model U.S. warship, in Tehran's latest display…
LNG Destination Clauses May End: IGU
Destination clauses on contracts for liquefied natural gas (LNG)shipments will soon be a thing of the past because of the shale revolution in the United States,…
Tenaga Raises Offer Price for Port Operator
Tenaga Nasional Bhd , Malaysia's largest power group, said on Wednesday it has raised the takeover price for Integrax Bhd by 18.2 percent after a leading shareholder…