Golden Ocean CEO: Dry Bulk Shipping Market May Rebound
Dry bulk shipping charter rates remain well below break even levels, pushing vessel scrapping to record highs, though some market improvement is expected in the second quarter, Herman Billung, the CEO of shipping firm Golden Ocean said. Dayrates have plunged as China's slowdown reduced its iron ore imports while the market is flooded with brand new vessels entering the market, sending the Baltic Dry index to an all-time-low of around 500 points in February from around 1,600 points a year ago.
Ports of Auckland Fined for Stevedore Injury
Ports of Auckland Ltd (POAL) has been fined $55,000 and ordered to pay $25,000 in reparation to a stevedore who suffered serious injuries unloading a containership at the port in January 2014…
CADMatch Maritime Day Set for April 16
In collaboration with Autodesk, SSI's dealer in the Benelux, CADMatch, has organized CADMatch Maritime Day for April 16, 2015 in Oosterhout, NB. According to the organizers, CADMatch Maritime Day aims to exhibit ways to achieve greater efficiency with strong engineering from a project’s beginning. Various guest speakers, including several clients, will recount experiences from the field. Speakers from SSI and Autodesk will also show how "Digital Shipbuilding Solutions" can help achieve success.
Kongsberg Technology for Pioneering Spirit
Following its inauguration ceremony in Rotterdam on February 27, 2015, Allseas’ Pioneering Spirit will start its first job offshore Norway this summer with an integrated Dynamic Positioning (DP) and manoeuvring system based on state-of-the art Kongsberg Maritime technology. The Kongsberg Maritime delivery includes forward and aft bridge systems in addition to an extensive automation network and the HiPAP subsea position reference system.
Rolls-Royce Extends Service Capability in S.Korea
Rolls-Royce has extended its service capability in South Korea by partnering with Busan-based ship repairer Sunjin Entech. The new service agreement means that Rolls-Royce can now provide customers with a bespoke one-stop service solution at the Gupyung and Youngdo yards, Sunjin’s two main repair hubs. Kim Jae Chul, Sunjin Entech, President said: “This partnership agreement with Rolls-Royce allows us to enhance the technologies and services we can offer our customers.
Navy Develops Prototype for Diver Life Support
Scientists at Naval Surface Warfare Center Panama City (NSWC PC) have developed a prototype for a new life support system for divers, the U.S. Navy announced. According to the Navy, the goal of the new system is to accelerate the deployment of Navy divers, increase safety and also conserve helium, a valuable natural resource. "This new, semi-closed system was conceived to drastically reduce helium requirements," said NSWC PC Principal Investigator Dr. John Camperman. Currently, U.S.
GPA Marks 14.2% Growth in Containers
The Georgia Ports Authority marked strong and sustained growth across all major markets in the month of February, including bulk, breakbulk, autos and machinery, and containerized freight. "The additional cargo attracted to Georgia speaks to the reliability and ease of doing business in this state," said GPA Executive Director Curtis Foltz. In containerized trade, the Port of Savannah achieved a 14.2 percent improvement in February…
Capesize Bulk Ship Delivered to Seanergy
Seanergy Maritime Holdings Corp., a shipping company specializing in the ownership and operation of dry bulk vessels, announced the delivery of the 171,199 dwt Capesize dry bulk vessel M/V Leadership.
VIKING Extends Liferaft Exchange Program to Japan
Leading marine and fire safety equipment and service provider, VIKING Life-Saving Equipment (VIKING) is stocking ready-packaged liferafts to provide fixed-price liferaft exchange to vessels calling Japanese ports. “The world of shipping is dominated by a small group of countries,” says Henrik Uhd Christensen, CEO of VIKING Life-Saving Equipment. “Japan rates in the top three in terms of deadweight tonnage and newbuilding, so locally based shipowners have a broad set of needs for marine safety.
SENER to Debut Latest FORAN Release at SINAVAL
SENER informs it will take active part in SINAVAL-EUROFISHING from April 21-23, a fair held every two years in Bilbao. During the exhibition, SENER will present the new enhancements in the shipbuilding CAD/CAM system FORAN, in all disciplines (forms, naval architecture and general arrangement, hull structure, machinery and outfitting, electrical design and drafting). The naval architecture modules…
Nakashima Propeller, ClassNK Hold Joint Seminar
Nakashima Propeller and ClassNK held a joint technical seminar in Hamburg on March 19. Nakashima Propeller and ClassNK, from their respective roles in the industry…
Baltic Index up With Rising Capesize and Smaller Vessel Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, continued to rise on Monday, supported by positive capesize and smaller vessel rates.
Heavy Fuel Oil Spill at Port of Long Beach
Approximately 33 gallons of heavy fuel oil was spilled during bunkering operations at an anchorage inside the Port of Long Beach Saturday morning, The U.S. Coast Guard reported. The U.S.
Lithuanian Energy Group Calls for Rule Change on LNG Imports
Lithuania's state-owned energy group Lietuvos Energija said on Monday national rules had to be changed to allow it to sell some liquefied natural gas (LNG) cargoes…
Nexen Closing Crude Oil Trading Division
Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd, is closing its crude oil trading division following a round of job cuts announced last week, four market sources said on Monday.
New Orleans Cargo Totals at 14-year High
Cargo worked at the Port of New Orleans’ public docks in 2014 totaled 8.37 million tons, the highest total since 2000 and up 28 percent compared to the prior 12-month period, the port reported.
Liebherr to Supply Four Cranes to Australia
Liebherr Container Cranes has recently completed the testing of articulated boom cranes in its Killarney facility in Ireland. The complete articulated boom and main beam of one of the cranes for Port Botany was assembled in Liebherr Container Cranes facility on a special test bed, where it was tested. This articulated boom design allows these large cranes to operate within the height restrictions prevailing at Port Botany, due to its close proximity to Sydney airport, Liebherr said.
DNV GL Launches Rules for US Fishing Fleet
The fishing vessel industry fatality rate is 30 times higher than the average of all U.S. industries. To address this, U.S. legislation requires that all new fishing vessels larger than 50 feet must be built to classification rules. DNV GL is the only classification society to develop rules specifically for the U.S. domestic fishing fleet, addressing how fishing vessels are designed, built and maintained for safety.
Ferus Smit Launches Newbuild Bulker
Shipbuilder Ferus Smit has launched newbuild bulk carrier vessel Arklow Breeze on Friday, March 20 at Westerbroek. Arklow Breeze is the sixth and final vessel of a series to be delivered to a client from the city of Arklow, Ireland. The design is a bulk oriented general cargo ship that will be mainly employed in the shipment of wheat, corn and other bulk commodities in European waters. Arklow Breeze will be delivered in April 2015.
Detained Vessels Released in Alaska
U.S. The Captain of the Port, Western Alaska, detained and released two vessels in February and March, the U.S. Coast Guard reported. The Liberia-flagged container…