Hapag-Lloyd's New Set-up in Mediterranean
As one of the top global carriers Hapag-Lloyd offering a comprehensive service network have announced their new service Turkey Israel Express. Furthermore Levante Express and Adriatic Express Service will offer an enhanced service to meet your requirements. The first voyage of the Turkey Israel Express will commence with the MV “Flintercoast” voyage 001EB / DP 94100, ETD Mersin, Turkey May 5, 2015.
Rolls-Royce to Sell Michell Bearing Business
Rolls-Royce has today confirmed its intention to sell its Michell Bearings business to British Engines Limited for a cash consideration of £12.6m. Subject to licence consents, the sale will be completed in the autumn. Michell Bearings has been part of the Rolls-Royce Marine business for the past 15 years and is a premium designer and manufacturer of hydrodynamic bearings for a wide range of marine and industrial applications.
BIMCO, Global Shipping Forum launch “SERVICECON”
BIMCO and the Global Shipping Forum have now launched a new standard contract – named “SERVICECON” – which simplifies and harmonises terms and conditions for container volume contracts between shippers and carriers. The new agreement is designed to meet the contractual needs of small to medium sized shippers, which, despite the large number and global value of the shipments they transport, often lack the legal resources to develop their own agreements with carriers.
Euronav Warns Against Speeding up Tankers
Many investors are asking questions about the dynamics of the tanker market and asked us to confirm their views on vessel utilisation across the tanker market. This answer is very much linked to how supply and demand balance one another in a bulk tramping market. Whilst there is no precise correlation between earnings and supply, it is critically important to understand that small changes can have major impact on the market as a whole.
CEVA Appoint Two Sr Executive
Hoofddorp, the Netherlands, 27 April, 2015 – CEVA Logistics, one of the world's leading supply chain companies, today announced the appointment of two senior executives with deep sector-specific operations expertise to further drive its customer-focused Contract Logistics strategy. In its Contract Logistics business line, CEVA has established an industry sector and solutions approach led by industry operations experts in Automotive…
"River Cities" Host First Navy Week of 2015
Bossier City-Shreveport Navy Week begins April 27 and will continue through May 3. Navy Weeks focus a variety of assets, equipment and personnel on a single city for a week-long series of engagements designed to bring America's Navy closer to the people it protects, in cities that don't have a large naval presence. The events and special programs to be held throughout the "River Cities" are the culmination of planning and preparation over many months by the Navy Office of Community Outreach…
Floating LNG Regasification is Used in Smaller Markets
According to the latest research from the US Energy Information Administration (EIA), floating LNG (FLNG) regasification is being used to meet rising natural gas demand in smaller markets. Floating regasification is a flexible, cost-effective way to receive and process shipments of LNG. It is increasingly being used to meet natural gas demand in smaller markets, or as a temporary solution until onshore regasification facilities are built.
D'Amico Orders Two 'Eco' LR1 Product Tankers
D'Amico International Shipping has ordered two new long range one product tankers, to be built by Vietnam’s Vinashin Shipyard Co for about $44m each. The tankers are expected to be delivered mid-2017. The 75,000-dwt eco-LR1 product tankers will be built in Vietnam by Vinashin Shipyard; delivery is expected in mid-2017, parent company D’Amico International said today. The above two double‐hull new buildings are the latest ECO design vessels with the highest fuel efficiency.
PSA starts up in Dammam
Saudi Global Ports (SGP), a joint-venture company formed between the Public Investment Fund of the Kingdom of Saudi Arabia and PSA International (PSA) has started its commercial operations this month, PSA said. This began at the second container terminal in the King Abdul Aziz Port in Dammam, a key gateway port on the Arabian Gulf. On April 23, the company handled the first commercial vessel, M/V NIARA, owned by Orient Express Line.
PSA Starts Expansion Work on 2m teu Panama Terminal
Singapore-based port operator PSA Panama International Terminal (PSA Panama) has started a USD 400 million expansion of its container terminal located on the west bank of the Panama Canal Pacific. It has started on the expansion after being granted approval by the National Assembly, the Panama Canal Authority ACP, the Panama Maritime Authority and the Panamanian State. The expansion is targeted to be ready for operations before the end of 2016…
Scorpio Bulkers Sells Three Vessels
Scorpio Bulkers has agreed to sell two new capesize bulk carriers and an ultramax for a combined $111m to an unknown buyer. The two capes are currently under construction in China and in South Korea, and will be delivered between Q3 2015 and Q2 2016. The ultramax bulk carrier is being built in China and will be delivered within the first three months of 2016, Scorpio says. Last week Scorpio Bulkers…
Vyborg Shipyard to Build Icebreaker
Vyborg Shipyard signed a License and Concept Design Agreement with the Finnish engineering company Aker Arctic Technology for two icebreaking support vessels. Two multifunctional diesels-electric- powered icebreakers 22 MW will be built at Vyborg Shipyard by order of LLC Gazprom Neft Novy Port. In the nearest time Aker Arctic engineers will start development of concept design package and perform model tests in open water and in ice conditions.
Hung Hom Dredging Kicks Off
Marine works involving dredging operations will be carried out near the Hong Kong Coliseum, Hung Hom for the next ten months, according to mardep.gov.hk. The works will be performed by one grab dredger and one hopper barge. One tug and one workboat will provide assistance. The works will be carried out by one grab dredger and one hopper barge, with one tug providing assistance, says Marine Department Notice.
China Maritime Disputes Bedevil ASEAN
Chinese island-building efforts in the disputed South China Sea, where airstrips are being built on coral reefs, risk undermining "peace, security and stability" in the region, bedeviled the Asian leaders warned at a regional summit. According to a Reuters report, the Association of Southeast Asian Nations (ASEAN) Summit in Kuala Lumpur was overshadowed by the long-running maritime territorial dispute…
US Designates Three Marine Highway Projects
U.S. Transportation Secretary Anthony Foxx has designated three new Marine Highway Projects. The Mississippi and Illinois Rivers, previously designated as the M-55 and M-35, connecting Chicago and Minneapolis to New Orleans, will serve as the primary routes for a new container-on-barge service being developed by communities along the rivers. The M-495 Potomac River Commuter Ferry Project will connect work and residential centers located along the Potomac…
Bollore Consortium Misses out on Cameroon's Kribi Port Shortlist
A consortium led by France's Bollore failed to make the final shortlist of firms vying to manage a new container terminal in Cameroon's southern port of Kribi, according…
BV Upgrades RAM Software
To help offshore operators and contractors get more out of their assets and develop projects more cost-effectively, Bureau Veritas has supercharged its reliability, availability and maintenance (RAM) software suite Optimize.“Low and falling energy prices focus attention onto the reliability, availability and maintenance (RAM) of both existing assets and plant and ongoing developments,” said Matthieu de Tugny, Senior Vice-President and head of offshore, Bureau Veritas.
Hospital Ship Up to Speed with AMOS
SpecTec will work with Mercy Ships to migrate its current system Business Suite to AMOS Enterprise Management Suite (EMS). Mercy Ships’ Africa Mercy, the world’s largest hospital ship, will receive a new update of the latest version of AMOS EMS, installing the Quality Management module. This will be followed with the migration of its existing modules from the current system. At the end of the project, the Africa Mercy will be fully integrated with new and existing modules.
ExxonMobil Debuts Premium AFME 200
To help shipowners meet strict new emission mandates, ExxonMobil expanded its range of fuels for use within Emission Control Areas (ECA) with the introduction of ExxonMobil Premium Advanced Fuel Marine ECA 200 (AFME 200). The fuel joins ExxonMobil Premium HDME 50 as part of a new category of marine fuel that has emerged as a result of the 2015 ECA sulfur limit of 0.10 percent. These low sulfur fuels help engineers safely and efficiently operate their main and auxiliary engines and boilers.
SENER Debuts Latest FORAN Release
At Sinaval-Eurofishing in Bilbao, Spain, Sener will present enhancements in the shipbuilding CAD/CAM system FORAN, in all disciplines (forms, naval architecture and general arrangement…