Paris Climate Summit - A Missed Opportunity
As the annual Antarctic Treaty Consultative Meeting (ATCM) closed today in the Bulgarian capital, the Antarctic and Southern Ocean Coalition (ASOC) called the meeting’s…
Kalmar Bags 9 RTG Order for Piraeus Container Terminal
Kalmar, part of Cargotec, has signed a second repeat order for additional nine all-electric rubber-tyred gantry cranes (ERTGs) with Piraeus Container Terminal (PCT) S.A. in Greece, a wholly-owned subsidiary of COSCO Pacific Limited. The deliveries are scheduled for 2016. Kalmar's previous deliveries to the terminal consisted of 12 ERTGs in 2013 and nine ERTGs in 2015. This new order will further consolidate Kalmar's relationship with the customer who operates Kalmar ERTGs…
GS Caltex Buys Rare West African Crude Cargo
GS Caltex to buy 920,000 barrels of West African crude; first West African shipment in almost a year. South Korea's GS Caltex Corp is set to receive its first shipment…
China's Lone Aircraft Carrier Drills at Sea
China's sole aircraft carrier conducted exercises on Friday, the navy said without specifying its location, amid escalating disputes over maritime territory with some of China's Asian neighbours.
Hyundai Merchant Marine sheds Asset to Cut Debt
South Korea's Hyundai Merchant Marine Co Ltd (HMM) will sell a major stake in stock brokerage Hyundai Securities Co Ltd for 647 billion won ($579.84 million) to…
Asia Tankers-VLCC Rates Softening
Owners waiting for charterers to release July cargoes next week. programme, brokers said. "Rates are rolling, skidding by half a point a day," said one Singapore VLCC broker on Friday.
Canada Proposes New Rules for Dangerous Cargo
Canada’s Minister of Transport Lisa Raitt proposed new amendments to the Transportation of Dangerous Goods Regulations that would enhance reporting requirements and expand data collection.
Diamond Offshore to Release Quarterly Fleet Status Report
Diamond Offshore Drilling, Inc. informs it will issue its future fleet status reports each calendar quarter concurrent with the release of its quarterly earnings. Diamond Offshore has historically issued its fleet status reports on a monthly basis, but has decided to change to quarterly reporting to better protect sensitive customer and contract information in light of competitive dynamics in the offshore drilling industry, the company explained.
Shipping Company Sentenced for Dumping Oil
Dauelsberg GmbH & Co. KG, a German company, was sentenced in U.S. federal court June 3 to pay a total of $750,000 in fines and community service payments for violating…
Maersk, Partners to Invest $1.5b in Ghana Port Terminal
Danish shipping group A.P. Moller-Maersk said on Friday its APM Terminals unit would together with partners invest $1.5 billion to upgrade its Tema port terminal in Ghana and add 3.5 million TEUs in annual throughput capacity. Partners are Bollore Africa Logistics and the Ghana Ports and Harbour Authority. (Reporting by Sabina Zawadzki, editing by Anna Ringstrom)
Washington State Ferries Ramp Up Summer Service
The Washington State Ferries (WSF) summer 2015 sailing schedule will take effect Sunday, June 14, with a new Olympic Class vessel, additional sailings, vehicle reservations to the San Juan Islands and increased service hours on many routes, the state’s transportation department announced. For the Anacortes/San Juan Islands service, WSF added a fifth vessel, the new Olympic Class 144-car ferry Samish…
TransCanada Says Petronas LNG Project Plans to Go Ahead
TransCanada Corp said on Friday a consortium led by Malaysian national oil company Petronas has decided to proceed with plans to build a terminal in northern British…
New SKF Taconite Seal for Bearings
A new SKF Taconite Seal for bearings in split block housings protects against contaminated or wet operating conditions. According to the manufacturer, benefits of this multi-stage labyrinth cartridge seal include exclusion of contaminants, improved prevention of water ingress (even during high-pressure washing), maximized bearing and seal service life, reduced grease consumption, reduced environmental impact and optimized machine performance and uptime.
SENER Celebrates FORAN System’s 50th Anniversary
SENER has commemorated the 50th anniversary of FORAN, its CAD/CAM/CAE system for designing naval vessels and marine structures, created by SENER’s cofounder José Manuel de Sendagorta in the 1960s. Today it is the world leader in marine technology and, since its inception, it has served as the prime example of SENER’s ability to innovate and export. The event was held at Madrid’s Casino on the evening of Thursday…
UK Defense Club Reports Strengthened Financial Position
The UK Defence Club, the provider of FD&D (legal costs) insurance to the maritime industry, announced its financial results for the year ending February 20, 2015.
Mainstay Marine Looks Ahead Following Rebrand
South Wales maritime engineering company Mustang Marine has rebranded as Mainstay Marine Solutions. The Pembroke Dock based workboat, marine energy device and waterside infrastructure specialist has adopted a new name and corporate image following its first year under new ownership. The company, which was bought out of administration in May 2014 by a group of nine investors, said it has thrived under its new ownership and is on course to double its workforce compared to 12 months ago…
Hearing to Address USCG Drug Interdiction Efforts
Hearing will examine U.S. Coast Guard’s efforts to stop drug smuggling into the U.S. The Subcommittee on Coast Guard and Maritime Transportation, chaired by U.S. Rep. Duncan Hunter (R-Calif.), will hold a hearing next week on the U.S. Coast Guard’s and the federal government’s efforts to confront transnational drug smuggling and stem the flow of illegal drugs to the United States through maritime routes.
Sunken 48-foot Sports Fisher Vessel Salvaged
The U.S. Coast Guard (USCG) monitored the salvage of the sunken Bigbi Thursday, two miles north of Little Creek, Va. The Bigbi sank at approximately 5:40 a.m., Saturday. The four-man crew of the Bigbi activated their emergency personal indicating radio beacon, donned lifejackets and survival suits, abandoned their boat and boarded a 12-foot Boston whaler, where they were assisted by a good Samaritan.
EIA to Sharpen US Weekly Oil Numbers with Real-time Export Data
The U.S. Energy Information Administration (EIA) has been granted access to real-time oil export information for the first time, allowing it to improve weekly estimates…
Protesters Attach to Shell Ship Bound for Alaska
Two activists strapped themselves on Friday to the anchor chain of a Shell Royal Dutch Shell vessel docked in Washington state that will be part of a fleet sent…