Container Rates Fall on Declining Chinese Exports
Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week. On Friday April 10, 2015 the freight rate including ocean freight and surcharges, i.e. was quoted at USD 466 per TEU for the Shanghai to Europe trading lane. This is the lowest on record since the 2009. The new all-time low point comes on the back of deteriorating exports from China for three months running in 2015.
ClassNK Opens Office in Cadiz
ClassNK has opened a new exclusive survey office in Cadiz, Spain with operations beginning today. Cadiz is a port city located in south-western Spain home to well-established shipyard facilities. The Cadiz Office joins an existing network of five survey offices throughout Spain in Bilbao, Algeciras, Barcelona, Ferrol, and Las Palmas. Through the opening of the Cadiz Office, ClassNK will respond swiftly to its clients in the region and provide shipowners with further improved services.
NOIA Reviewing Proposed Well Control Rules
“The Federal regulators promised a big rule, and at more than 200 pages, they certainly delivered. We are currently reviewing the proposed rule, line by line and word by word. We are keenly interested in the proposed design and function changes for blow out preventers, requirements for dual shear rams, real time monitoring, testing schedules for exploration, workover and decommissioning operations and the hot stab requirements.
New Fuel Management System Launched
Diesel power engineering specialist Royston has introduced a next generation version of its Enginei fuel management system. According to the developer, the new integrated system, with a range of enhanced fuel data analysis and reporting options, has been developed in consultation with vessel operators and owners who are putting greater importance on the availability of detailed engine and mission critical information.
Shell Ready for ECA Challenges
Since the implementation of Emission Control Areas (ECAs) on January 1, 2015, ships entering waters in the Baltic Sea; the North Sea; the North American ECA, including most of the U.S. and Canadian coast, as well as the French overseas collectivities of St. Pierre and Miquelon; and the U.S. Caribbean ECA, including Puerto Rico and the US Virgin Islands Sea had to use fuels with up to 0.1% sulphur content.
Vallihu Named Chief Executive of S. African Ports
South African port authority, Transnet National Ports Authority, has appointed Richard Vallihu as its new Chief Executive, following the retirement of Tau Morwe. Richard Vallihu took up the reins as Chief Executive of South African port authority, Transnet National Ports Authority, on April 1, 2015. He succeeds Tau Morwe, who led the company for a number of years before opting for retirement in March 2015.
Ceona, Seaweld Form Ghana Partnership
Ceona, SURF contractor with heavy subsea construction capabilities, has entered into a Joint Venture (JV) with Seaweld Engineering which will act as a strategic partner for offshore deepwater construction projects in Ghana. The JV allows Ceona to extend its operations in West Africa and build upon the success it has already achieved in the region. The agreement will see Seaweld Engineering supporting Ceona in delivering its full line of products and expertise in Ghana.
Baltic Index Inches up on Higher Vessel Activity
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities edged higher on increased activity for bigger vessel segments.
Carnival Expands Fleet with Larger, Newer Ships
Starting in February 2016, Carnival Cruise Line passengers sailing from Port Canaveral will have the larger Carnival Victory as their vessel for shorter vacations and in December 2016…
Evergreen Line Names New Box Ship
Evergreen Group today held the naming ceremony for Ever Lyric, the eighth of its L-type vessels built by CSBC Corporation in Taiwan. The ceremony took place at CSBC's Kaohsiung shipyard and was officiated by Raymond Lin, Evergreen Group's Vice Group Chairman. The official rope-cutting of the new 8,508 TEU vessel was performed by Jarijanti Buana, the wife of the Chairman of Evergreen Shipping Agency Indonesia.
New Operations Director for CTI Marine
Maritime travel specialist CTI Marine has appointed Steve Harrop as Operations Director. Harrop joins the company from Dubai based Destinations of the World Travel, a global distributor of hotel accommodation and other ground related travel products where he was Group Chief Operating Officer for four years. Harrop will lead and oversee all of the company’s six operational offices teams, together with the technology teams, and report directly to CTI Chief Executive Officer, Ian White.
Teledyne TSS Launches New Gyrocompass
Teledyne TSS is launching the latest addition to its Saturn product range at the Ocean Business exhibition with the introduction of its fiber-optic marine gyrocompass.
US to Become a Net Exporter of Natgas by 2017 -EIA
The United States will transition from a net importer of natural gas to a net exporter of the fuel by 2017 as the nation's shale gas production continues to grow, the U.S.
Staff to Strike at Vopak after Wage Talks Break Down
Unions at Dutch oil storage company Vopak said staff would begin a series of strikes at the company's terminals after talks aimed at securing improved employment…
ADMIRALTY e-NPs - NMs in Seconds
e-NPs are official ADMIRALTY Nautical Publications in a convenient electronic format. Easy to use and update, theyaim to bring improved efficiency, accuracy and access to information bridge crews need. e-NPs offer weekly notices to mariners added in seconds, easier access to information the mariner needs, same look as all ADMIRALTY Nautical Publications, and are approved for use by the Flag States of over three quarters of ships trading internationally.
Hybrid Marine Power & Propulsion Workshop
In May 2015 U.K. based Shock Mitigation will bring together a group of experts armed with the latest knowledge that will assist the sub IMO professional sector to understand the possibilities of utilizing hybrid power and storage systems. The aim is to identify the potential of hybrid systems for specific sectors, starting with diesel / electric for wind farm support vessels, pilot boats, patrol craft, survey vessels and unmanned craft.
Officials Call for Freight Infrastructure Investment
Rep. Congressman Alan Lowenthal (CA-47) will be joined by Rep. Brenda Lawrence (MI-14) and major goods movement leaders from both the public and private sector at a press conference on April 21…
AWO Urges for Congressional Support
The American Waterways Operators (AWO), the national trade association representing the tugboat, towboat and barge industry, will be calling on Congress tomorrow, April 15, during AWO's Barge-In, an annual event that will bring 170 vessel owners and operators together in over 150 meetings with Senators and Representatives. At the Annual Barge-In, members of the American Waterways Operators discuss economic, environmental and commercial issues with members of Congress.
Trelleborg Opens US Facility
Trelleborg’s marine systems operation has opened a new American headquarters in Berryville, Virginia, U.S. The new site houses a 36,000 square foot manufacturing facility for foam-based marine fenders and buoys and 9,000 square foot sales and business development office. All employees from Trelleborg’s previous site in Clear Brook, Virginia, have now made the move to operate from Berryville and Paul Welling…
Bollinger Delivers FRC Richard Dixon
Bollinger Shipyards LLC has delivered the Richard Dixon, the 13th Fast Response Cutter (FRC) to the United States Coast Guard (USCG). The announcement was made by Bollinger’s President & C.E.O., Ben Bordelon. “We are very pleased to announce the delivery of the latest FRC built by Bollinger, the Richard Dixon, to the 7th Coast Guard District in Puerto Rico. The 154-foot patrol craft Richard Dixon is the 13th vessel in the Coast Guard's Sentinel-class FRC program.