China to Roll Out 2nd Aircraft Carrier
Chinese officials have confirmed that the country is currently building a second aircraft carrier, say local media. The People’s Daily, the Communist party mouthpiece, quoted top officials as confirming the craft’s construction. The ship is reportedly being built in a shipyard in the northeastern city of Dalian, where China’s first carrier, the Liaoning, was refitted before going into service in 2012.
Singapore Records Fall in Bunker Fuel Sales Volumes
Singapore bunker fuel sales fell 7.7% month on month but rose 3.62% year on year, to 3.4 million mt in February, official figures released by the Maritime and Port Authority of Singapore Friday. Bunker volumes drop to lowest level in eight months, but sales during the first two months are the highest ever recorded. Total sales at the world's leading bunker port decreased last month by 284,100 tonnes, or 7.7 percent, to 3,396,000 tonnes, down from 3,680,100 tonnes in January.
Southeast Asian Shipbuilders Turn Bullish
Despite the issues surrounding over-tonnaging in the ship-building industry as a result of the 2008 financial crisis, more than 587 vessels are expected to be built in Southeast Asia in 2015. According to a report by Robert Willmington of IHS Maritime, Southeast Asian shipbuilding is anticipated to rise to more than 4.8 million gross tonnage (GT) in 2015. The countries that currently dominate the conventional market segments in the Asian shipbuilding and repair industry are Japan…
Has Russian Ship Confronted Canadian Warship?
NATO disputes Conservative claim that Russians confronted Canadian warship. The parliamentary defence secretary said Russian warships confronted a Canadian frigate in the Black Sea. Nonsense, say NATO officials. A report in Ottawa Citizen says that the federal government has ratcheted up its war of words over Ukraine, with the parliamentary defence secretary claiming Russian warships confronted a Canadian frigate in the Black Sea. NATO officials, however, say no such thing happened.
Arctic warms up to Shipping
Diplomats from global trade and economic powers signaled their governments' growing interest in Arctic transit and heavy shipping in the Arctic Ocean. Arctic Business Forum held in Rovaniemi from March 10 to March 12 forecast huge possibility for business and investment in the arctic region. Kenji Shinoda, the Japanese ambassador to Finland, said the "Arctic is becoming more and more promising for collaboration" between the two nations.
Azeri LNG Hub in Malta
Malta and Azerbaijan have signed a memorandum of understanding (MoU) to collaborate on the development of a gas hub which would cater for local and international markets, reports the Times of Malta. The MOU targets strategic collaboration in the oil and gas sector as part of the government’s vision to transform energy and petroleum sectors into key value added economic activities. To this end, both sides identified a number of key areas.
India, Sri Lanka to Enhance Maritime Security
Noting that security of India and Sri Lanka was "indivisible", Indian Prime Minister Narendra Modi strongly pitched for enhanced cooperation in key areas of maritime security and counter-terrorism. India’s PM addressing the Sri Lanka Parliament said India and Sri Lanka are two countries at the crossroads of the Indian Ocean and Sri Lanka's leadership and partnership will be vital for building a peaceful, secure, stable and prosperous maritime neighborhood.
Thousands Evacuate after Deadly Blaze in Chile Port City
Chile declared a state of emergency and precautionary evacuation of up to 16,000 people as a raging forest fire threatened the historic port city of Valparaiso. The inferno began on Friday, 13 March afternoon in an area where illegal garbage was being dumped but spiraled out of control due to warm temperatures and strong winds. The fire started in an area of grassland and pine forest near a major thoroughfare…
Smooth Sailing for MSC with GE Marine On Board
When it comes to taking thousands of passengers on the luxury cruise of a lifetime, it’s reassuring to have a name like GE ensuring you a smooth and pleasant journey. While MSC with its next generation ships may be setting off to conquer more distant waters, it won’t be making the voyage alone: GE Marine will continue to propel the way. Since confirming in 2014 the order for two new cruise liners to be delivered by Fincantieri in 2017 and 2018…
Horizon Lines Post 4Q 2014 Results
Horizon Lines, Inc. today reported financial results for the fiscal fourth quarter ended December 21, 2014. "Horizon Lines' fourth-quarter adjusted EBITDA increased 26.6% over the same period a year ago. The improvement in adjusted EBITDA was driven largely by higher fuel recovery, lower transit and replacement vessel costs associated with dry-docking of our vessels and increased space charter revenue," said Steve Rubin, President and Chief Executive Officer.
Navy Names Next Destroyer Delbert D. Black
Secretary of the Navy Ray Mabus announced today during a ceremony held at the Navy Memorial that the next Arleigh-Burke class destroyer, DDG-119, will be named Delbert D. Black. The future USS Delbert D. Black was named in honor of the first master chief petty officer of the Navy (MCPON). During his time as MCPON, Black served as an advisor to many boards dealing with enlisted personnel issues and as the enlisted representative of the Department of the Navy.
50 Dead as Myanmar Ferry Sinks
About 50 people were believed to have drowned off Myanmar when a ferry sank in bad weather, government officials said on Saturday, though residents said they believed…