US to Test 'Submarine' Drone That Can Launch from Ocean Floor
USA’s Defense Advanced Research Projects Agency (DARPA) is testing a drone that can hibernate on the ocean floor for years at a time before being launched to the surface and into the air at the push of a button. The new drones, being developed by the DARPA, are part of a new focus by the US military in developing and improving technology for emerging threats. According to DARPA Director Arati Prabhakar…
Costa Concordia Used For Mafia Drug Smuggling
The doomed Costa Concordia was carrying a huge shipment of Mafia-owned cocaine when it set off on its final voyage, AP reports quoting investigators who have collected evidence. Authorities have collected phone and tape recordings that show the ‘Ndrangheta Calabrian criminal organization was behind the smuggling. 'Ndrangheta had its drugs hidden aboard the huge cruise ship that partially capsized in January 2012 with the loss of 32 lives, evidences have revealed.
Going Nuclear in Indian Ocean
As India, Pakistan and perhaps China develop their naval nuclear forces, they will enter increasingly murky waters, says a report published in the National Interest. These countries will likely deploy a significant number of nuclear weapons at sea in the Indian Ocean. This could further destabilize already unstable nuclear relationships, creating a real risk of a sea-based exchange of nuclear weapons.
DP World to Develop Maldives Ports
Dubai-based port operator DP World has signed an agreement with the Maldivian government to develop the archipelago’s ports and logistics industry. Maldives' tourism minister, Ahmed Adeeb told local media this week about the development of a deep-water port on the industrial island of Thilafushi. DP world would invest $300 million on the industrial island. The first phase of the project will see construction of a container terminal…
EU Takes Tough Stance on Ship Scrapping in South Asia
The EU is set to ban owners from scrapping ships on South Asian beaches, according to news report in Reuters. The new rules will require that EU-registered ships are only recycled at sustainable facilities, lowering the environmental and human cost of the current process of dismantling vessels on SA beaches. New European Union rules are to be put into place to ensure that EU-registered vessels are only recycled in sustainable facilities.
Wan Hai Profits Up
Asian container operator Wan Hai Lines Ltd sees 2014 profit jump as revenue grows faster than costs. The Taiwanese container carrier recorded a profit of TWD5.32 billion (USD170 million) for 2014, soaring 158% from a profit of TWD2.13 billion in 2013. The carrier's earnings per share also rocketed by 147% to TWD2.37 from TWD0.96 a year ago, and its revenue totaled TWD67 billion in 2014, up 12% year on year (y/y).
China's Artificial Islands in South China Sea Raises U.S. Concerns
China has been building artificial islands on reefs in the many disputed areas around the South China Sea. The unprecedented land reclamation currently being conducted by China is increasing tensions with the U.S. and its allies, according to Pacific Fleet Commander Harry Harris. The land reclamation by China in contested islands of the South China Sea is raising serious questions over whether Beijing intends confrontation or cooperation with other regional powers…
OOCL Orders Six Ultra-Large Container Ships
Orient Overseas (International) Ltd. has placed a new order for six mega 20,000 teu container ships from South Korean shipbuilder Samsung Heavy Industries Co. for US$951.6 million. Orient Overseas, controlled by the family of former Hong Kong chief executive Tung Chee-hwa, said the container vessels will be delivered in 2017. The company plans to fund the purchases with a bank loan for up to 70 % of the costs and the remainder funded by its internal resources…
Power Cut in Turkey Disrupts Port Operations
Port operations in Turkey are facing disruption as a result of a massive power cut that has hit dozens of provinces across the country today (Tuesday 31 March).
Seaspan Acquires 7th SAVER Boxship
Seaspan Corporation announced today that it accepted delivery of a 10000 TEU containership, the MOL Beacon. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., is Seaspan's seventh 10000 TEU SAVER design containership and first delivery in 2015. This is the twelfth 10000 TEU vessel using Seaspan's fuel-efficient SAVER design constructed at Yangzijiang. The MOL Beacon will commence an eight-year, fixed-rate time charter with Mitsui O.S.K. Lines Ltd.
Radio Holland Wins Ahrenkiel Contract
Ahrenkiel Steamship GmbH & Co. KG and Radio Holland Germany GmbH, part of Imtech Marine, have agreed a long-term maintenance agreement for the entire Ahrenkiel Steamship fleet, which comprises nearly 60 vessels. Based in Hamburg, Ahrenkiel Steamship Group is a leading, independent ship owner and provider of ship management services, with its roots dating back more than 150 years. In April 2014, the Christian F.
GasLog Acquires 2 BG Carriers
GasLog Ltd. completed the acquisition of two LNG carriers from Methane Services Limited, a subsidiary of BG Group plc, which was previously announced on December 22, 2014. This transaction completes the third acquisition of ships from BG by GasLog in the last twelve months, with eight vessels acquired in total. The two ships subject to today’s announcement will be chartered back to MSL for nine and eleven year initial terms.
Knightsbridge, Golden Ocean Merger Completed
Knightsbridge Shipping Limited has completed its previously announced merger with Golden Ocean Group Limited. In connection with the closing of the merger, Knightsbridge will change its name to Golden Ocean Group Limited. Trading in the shares of the combined company will commence on the Oslo Stock Exchange on April 1, 2015. The combined company will trade on the Oslo Stock Exchange under the ticker code "VLCCF" on April 1, 2015.
Focus on Environment at Suny Maritime
The State University of New York Maritime College’s 140th Anniversary Speaker Series presented a panel discussion on March 26 in the College’s Maritime Academic Center. The topic was Environmental Issues in Shipping. Panelists included Michael C. Carter, Director of the Office of Environment, U.S. Department of Transportation, Maritime Administration; John Hatley, Americas Vice President Ship Power…
MOL President Reports Slack Performance
MOL President, President, Koichi Muto reported that the performance of the company was slack. Muto reported, "I am sad to report that our business performance fell short, and we could not achieve our initial target of ¥70 billion in consolidated ordinary income. Looking back at FY2014, the containership business could not achieve our targets despite the favorable winds of a depreciating yen and lower bunker prices.
Largest Vessel to Call ICTSI, Rijeka
Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.’s (ICTSI) container handling facility in the Port of Rijeka, Croatia, recently serviced the largest vessel to call in the country, the 10,000 TEU-capacity Gerda Maersk. The 367-meter Gerda Maersk, is part of the 2M Alliance by two of the world’s megaliners Maersk and Mediterranean Shipping Co. The alliance, which connects Rijeka and the Far East…
S.Korea to Pay $380,000 to Ferry Victims Families
The South Korean government said on Wednesday it would pay about 420 million won ($380,000) as compensation for each of the 250 students who died or remain missing from last year's ferry disaster…
U.S. Port Delay Boost February Air Freight
Global air freight volumes rose 11.7 percent year-on-year in February, driven by the Chinese New Year, the International Air Transport Association said on Wednesday.
Tanker Backlog Builds at Basra
Ships face up to a three week wait; bad weather in February delayed loading, created backlog. SINGAPORE, April 1 (Reuters) - A backlog of over 30 oil tankers has…
Damen Delivers Stan Patrol Vessel to RBDF
The Royal Bahamas Defence Force (RBDF) has taken delivery of the fourth and final Stan Patrol 4207, named HMBS Rolly Gray. The four Stan Patrol 4207s form part of the six-year Sandy Bottom project. The Stan Patrol 4207s carry a 24-person crew, have a range in excess of 2000 nm and can achieve speeds of 20 knots. As well as their weapons systems each carries two RHIBS for fast interception and boarding.