Hafnia Reports Profit
Danish product tanker carrier Hafnia Tankers logged a $2.33m gain in 2014 after a strong finish to the year, according to its annual report. The firm finished 2014 in the black despite running up a $5.13m loss across the first three quarters of the year. According to a Lloyd's report, Hafnia is putting the brakes on fleet expansion for the time being as it prepares to receive as many as 10 newbuilding product tankers this year and four in 2016.
Maersk Predicts Container Traffic Demand Growth
As freight rates are expected to continue to decline due to oversupply, the container shipping demand is expected to grow 3-5% this year, according to Lars Mikael Jensen, chief executive of Asia Pacific region at Maersk Line. He said supply growth as ships ordered several years ago are delivered is anticipated at 5-7%. "It is still a healthy growth and obviously differing from trade to trade," Jensen told Seatrade Global referring to the growth in demand.
Goa Shipyard Seeks Foreign Tie-up for $5.3 billion Navy Order for MCMVs
India's Goa Shipyard Ltd (GSL) has decided to tie up with the foreign yards for the technology transfer required to create these high-tech ships, after bagging the deal to build Mines Counter-Measures Vessels (MCMVs) for the Indian Navy. Chairman and managing director (CMD) of GSL Rear Admiral (retired) Shekhar Mital said that the building of 12 MCMVs by the GSL would start after 3 years, following the approval of Defence Acquisition Council and finalisation of the contract.
Volvo Ocean Race Detours to Dodge Giant Iceberg
A massive one kilometre-wide iceberg has forced the Volvo Ocean Race to change the positioning of their ice gates to keep the fleet clear of trouble in the Southern Ocean on Leg 5 from New Zealand to Brazil, says a Reuters report. The berg was heading towards the path of the six-strong fleet, so organizers and their advisers, French company CLS and Dutch weather expert Marcel van Triest, opted late on Thursday night to move the current ice limit route further to the north.
New Cruise Terminal at Abu Dhabi’s Port
The new cruise terminal at Zayed Port in Abu Dhabi, which will be capable of handling 2,500 passengers and three ships simultaneously, is set to become operational by the end of the year, according to a report in the National. Mohamed Juma Al Shamisi, the chief executive of Abu Dhabi Ports Company (ADPC) said that work was progressing in full swing and his company was aiming for an end-of-2015 finish…
Cruise Ships Cancel Tunisia Calls in Wake of Islamic Terrorists Attack
Cruise lines like Holland America, MSC Cruises, Costa Cruises, Star Clippers, Hapag-Lloyd Cruises and Aida Cruises have canceled all port stops to Tunisia for the rest of the year following the jihadist terrorist attack and massacre in the capital March 18th. Seventeen cruisers from Costa Cruises and MSC Cruises ships visiting Tunis for the day were killed in Wednesday's attack, which took place at the city's Bardo National Museum. More than 20 other cruisers were wounded.
Russian Submarine in North Sea?
A Scottish fishing boat skipper Angus Macleod has reported a terrifying brush with what is believed to be a rogue Russian submarine inside British waters in the North Sea. Macleod said he and his four crew were “extremely lucky” to survive the incident in which his net was dragged in front of his 62ft trawler. He has claimed that the submerged object almost pulled the boat and crew under the waves and his boat Aquarius was nearly dragged to a watery grave.
Pentair Delivers Sustainable Access to Pure, Safe Water
As a global manufacturer with the resources, technologies and expertise to make a positive impact in the world, Pentair is pleased has announced that its Project Safewater efforts have provided over 1 million people with sustainable, safe water services around the world. Through Project Safewater, the company's holistic approach to providing safe water solutions to people in need, Pentair collaborates with a range of partners with innovative approaches - combining technology…
Conservation Efforts in Revised ESA Listing of Green Sea Turtle
NOAA Fisheries and the U.S. Fish and Wildlife Service proposed today to reclassify the green sea turtle under the Endangered Species Act, and list turtles originating from two breeding populations currently considered endangered as threatened due to improvements in their populations. After a review of the global status of green sea turtles, the agencies are proposing to reclassify the species into 11 Distinct Population Segments (DPS) under the ESA…
Robust Results from DP World
Global marine terminal operator DP World today announced strong financial results from its global portfolio of marine terminals for the twelve months ended 31 December 2014. increased 16.0%, delivering profit attributable to owners of the Company, before separately disclosed items2 , of $675 million, up 25.1% on a like-for-like basis, and EPS of 81.4 US cents. Cash from operating activities amounted to $1,486 million up from $1,299 million in 2013.
First Cruise Ship from Port Metro Vancouver
The first cruise ship of the 2015 season will depart Port Metro Vancouver this weekend. An exciting and increasingly popular cruise itinerary will run back-to-back trips between Vancouver and Hawaii for the first time, bringing an earlier-than-usual start to the 2015 Canada Place cruise season. Princess Cruise’s Grand Princess arrives in Vancouver this Sunday, March 22, for a round-trip sailing to the Hawaiian Islands. The ship will repeat the itinerary again on April 6.
LBC Tank Terminals, Rotterdam Port Invest in New Jetty
The Port of Rotterdam and the independent storage company LBC Tank Terminals have reached a long term agreement for the construction of a new jetty at the LBC terminal in Botlek, Rotterdam. ‘This new jetty is the first and a very important step in the expansion of our terminal in Rotterdam. The growing import of liquid chemicals into Europe results in an increasing demand for liquid storage tanks in hubs such as Rotterdam.
Giant Gates for Deurganck Dock Lock, Antwerp
The four gates for the Deurganck dock lock in the port of Antwerp will begin their journey from China at the beginning of April. The gigantic gates are being built by the Chinese steel constructor ZPMC, together with the trolleys on which the gates will ride, two combined road/rail bridges, the caisson and other items. A ceremony was held on Wednesday 18 March in the Chinese city of Changxing to mark the official completion of the construction work.
USCG Suspends Search for Overdue Boat near Majuro
The Coast Guard suspended the search Saturday for an overdue 83-foot commercial fishing vessel near the Republic of Marshall Islands. Fishing vessel Clear Water 02 reportedly went missing with nine people aboard while en route Majuro for offload, March 12. "Suspending a search is never an easy decision and is only done after intense scrutiny and evaluation of our search efforts as a whole," said Lt. Justin Gear, JRCC Honolulu command duty officer.
BV Awarded CBCA Contract by Republic of Zimbabwe
Bureau Veritas has been awarded by the Ministry of Industry and Commerce of the Republic of Zimbabwe with the Consignment Based Conformity Assessment (CBCA) contract. The CBCA certificate shall be presented for Customs clearance on arrival in Zimbabwe. The starting up of the program will be on May 16th, 2015, in compliance with the World Trade Organization process and relevant decrees.
French Coast Braced for Giant Tide
Towns on France's North Atlantic coast braced for their first giant tide of the millennium on Saturday as the full moon and this week's solar eclipse combined to create an ocean surge not seen since 1997. At the picturesque Mont Saint Michel island where some of the biggest tides in the world occur, visitors gathered to watch the tide disappear out of sight, exposing areas of beach and rock visible only every 18 years. The next peak tide is not due until 2033.