Greece Shipping Earnings Up 9 % in 2014
The Greek economy’s foreign currency revenues from shipping activities expanded 9.04 percent last year from 2013, reaching 13.18 billion euros, in spite of the country's financial woes, according to the annual report of the Association of Greek Shipowners (EEE). A report in ANSAmed says that the 2014-15 report further highlighted that in 2014 – the only year in the last seven when the Greek economy posted growth – shipping directly or indirectly provided employment to 192…
China Fines 21 Liner Companies in Sino-Japan Routes
China’s Ministry of Transport has fined 21 shipping companies operating on Sino-Japan routes have been fined for violating international regulations on fair competition. The accumulated amount of the fines totals in USD 684,000 (RMB 4.25 million), the ministry said. The ministry of transport announced that the companies fined were found to have offered lower-than-normal market prices to their customers, disrupting the average market rates.
Gulf LNG Liquefaction Project on the Anvil
The Gulf LNG Liquefaction Project proposed by Kinder Morgan and minority partners officially filed Friday for federal approval to add exporting capabilities to an existing liquefied natural gas (LNG) terminal. The $8 billion LNG export project near Pascagoula, Mississippi is for adding export capabilities to a pre-existing LNG terminal there. Subject to obtaining sufficient long-term customer commitments…
Strike to Hit Chilean Ports
The main dockworkers union in Chile has voted for indefinite strike action at the country’s national ports. A key labor reform act is due to be voted on in Congress sometime over the next few days. In addition, the union is also urging the government to push through better educational reforms. Members of the Port Workers Union of Chile (UPCH) took the step to industrial action in protest at a lack…
Maersk Line 'Global Carrier of the Year'
Maersk Line has been named Global Carrier of the Year at the Containerization International Awards 2015. It also took home the Shippers’ Choice award, which is voted for by the global container shipping industry. Maersk Line was named Global Carrier of the Year after one of its most successful periods to date, with a US $2.3 billion profit for 2014, 55% up on 2013’s result. This was backed up by a number of innovations…
MT Orkim Harmony Arrive Safely in Kuantan port
Oil tanker MT Orkim Harmony arrived safely at the Kuantan Port in Tanjung Gelang about 7am today (Saturday, June 20), nine days after it was hijacked by a group of pirates off Tanjung Sedili, Johor. The vessel, which was carrying about 6,000 tonnes of Ron95 fuel worth RM21 million, was escorted to the port by Royal Malaysian Navy's (RMN) fast attack craft KD Handalan. A spokesman for the Malaysian…
Turkey Completes Ay-class Submarines Upgrade
Turkey has completed upgrades on two Ay-class submarines, contractor STM, an Ankara-based defense technologies company, said. The modernization project comprising renewal of Electronic Support, Attack and Search Periscopes and Inertial Navigation Systems has been carried out by STM as the main contractor and applied successfully on TCG DOĞANAY (S-351) and TCG DOLUNAY (S-352), AY- Class submarines. The project has been started in 2011.
World's Largest Cruise Ship Takes to the Water
The hulking shell of Royal Caribbean’s “Harmony of the Seas” — the world’s largest cruise ship — entered the water in France on Friday. It’s expected to take its maiden voyage in 2016. The huge vessel has been under construction since September 2013 in the shipyards in Saint-Nazaire. The 16-deck ship will carry 6,360 passengers along with 2,100 staff. It weighs 227,000 tons and measures 1,187 feet — that’s 50 meters longer than the height of the Eiffel Tower.
Sale of m.v. Star Mega
Star Bulk Carriers Corp. a global shipping company providing transportation solutions in the dry bulk sector, today announced the sale of M/V Star Mega, a 170,631 dwt Capesize vessel, built in 1994, to an unaffiliated third party. The Company delivered the Vessel to the Buyers on June 18, 2015. On a fully delivered basis, Star Bulk will have a fleet of 95 vessels, with an aggregate capacity of 11.0 million dwt…
Clean Ocean Access Partners Newport Boat Show
Newport Exhibition Group, owners and producers of the Newport International Boat Show, announced today that Clean Ocean Access is its Official Charitable Partner…
ISO Certification for MOL Ship Management Company
Mitsui O.S.K. Lines, Ltd., today announced that its group ship management company for dry bulkers, Magsaysay MOL Ship Management, Inc. has acquired certifications from Nihon Kaiji Kyokai, for Energy Management Systems (ISO50001*1) and Environmental Management Systems (ISO14001*2) on June 18. MMSM’s certifications cover ship management of bulk carriers and other cargo ships, as well as office operations onshore. MOL Ship Management Co., Ltd.
POLA ‘Trade Connect’ Website Offers Online Training
Trade Connect, the Port of Los Angeles’ award-winning export education outreach program, formally debuted its new website, LATradeConnect.org, at today’s Los Angeles Board of Harbor Commissioners Meeting. “Trade Connect plays a vital role in strengthening our nation’s economy by helping U.S. companies grow their business in the global marketplace,” said Ambassador Vilma Martinez, President of the Los Angeles Harbor Commission.
Green Bay Recovers Mariners in Makassar Strait
Amphibious transport dock ship USS Green Bay (LPD 20) rendered assistance to distressed mariners in the waters between the Indonesian islands of Kalimantan and Sulawesi June 19. Shipboard lookouts first spotted the distressed mariners waving a black flag approximately 3 to 5 nautical miles from the ship, their raft surrounded by fuel and debris. Once Green Bay was in proximity to the craft, the ship launched a small boat to provide immediate assistance.
MSC Upgrades IPAK Service
As part of our objective to continually improve their services to customers, MSC has included a new mainline call to Hazira from July 2015. MSC Tomoko will be the first vessel to call at Hazira on 2nd July 2015. Seven MSC 9,000 TEU vessels will be deployed on the upgraded service, offering fixed day weekly service to and from Hazira. Port Rotation: Nhava Sheva-Hazira-Mundra-Salalah-Gioia Tauro-Valencia-Rotterdam-Antwerp-Felixstowe-King Abdullah- Salalah-Port Qasim-Nhava Sheva.