Aruba, Citgo sign MOU to Explore Refinery Restart
Aruba's Energy Ministry said on Friday it has signed a memorandum of understanding with PDVSA's U.S. unit Citgo Petroleum to explore reopening and operating the island's refinery, idled since 2012.
Shipping Confidence Levels Rise to 2015 High
Overall confidence levels in the shipping industry rose in the three months ended August 2015 to their highest level this year, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Respondents to the survey were concerned predominantly about low freight rates and overtonnaging, with continuing doubts also expressed about private equity funding.
Transas e-Navigation Technologies at Neva 2015
Transas Marine has introduced its e-Navigation technologies at Neva exhibition, which took place during September 22-25 in St. Petersburg, Russia. This year, Transas displayed an integrated solution presenting real implementation of e-Navigation concept; fully integrated T-Bridge linked with a port VTMS and fleet management system of a shipping company in real time, as an example of integrating key maritime shipping actors in one unified information environment.
UK P&I Club's West Africa Piracy Guidance
UK P&I Club provides practical guidance to Members in relation to piracy in West Africa. Stuart Edmonston, Head of Loss Prevention, says: “We have seen a sizable shift in pirate activity, from Somali to West Africa, and are witnessing an increase in incidents particularly offshore Nigeria. The ship should be operating at a heightened state of security throughout, including additional watch-keeping…
Baltic Exchange CEO Stepping Down
Jeremy Penn, chief executive of London's centuries old Baltic Exchange will step down next year, the exchange said on Friday. Penn, who took the helm as CEO in 2003…
Asia-Europe Box Rates Drop 31 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 31 percent to $313 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the third consecutive week of falling freight rates on the world's busiest route. Rates are now on lowest level since June 19 and widely seen as a loss-making level.
Volvo Penta Wins NMMA's CSI Award
The National Marine Manufacturers Association (NMMA) this week presented the 12th consecutive Customer Satisfaction Index (CSI) award to Volvo Penta recognizing excellence in customer satisfaction in marine sterndrive engines. The CSI award is based on an independent survey of over 50,000 consumers purchasing a new boat or engine during the period from April 2014 through March 2015. The CSI award signifies…
San Pedro Bay Ports Update on CAAP
Environmental teams from the Port of Los Angeles and Port of Long Beach will hold a joint community workshop on Oct. 14 to gather input on the next update of the Clean Air Action Plan (CAAP). Initially adopted in 2006 and updated in 2010, this historic environmental plan called for aggressive strategies that have proved highly effective in reducing air pollution from port-related sources. The Clean Air Action Plan Update Community Workshop will be held 3-5 p.m., Oct.
NHMS Officials Visit MOL’s SOSC
Mitsui O.S.K. Lines, Ltd. welcomed five visitors from The National Hydro-Meteorological Service of Vietnam (NHMS), and hosted a tour of the company’s innovative Safety Operation Supporting Center (SOSC). The NHMS is a national institute responsible for weather forecasting and supports Vietnam’s weather-related business activities. During the tour, MOL personnel explained how the center provides weather information to MOL-operated vessels at sea as well as its land-based operations.
WSS Acquires TIMM AS
Wilhelmsen Ships Service has signed a definitive agreement to acquire TIMM AS. “The Timm acquisition reinforces our position as a global player within marine products,” says Bjørge Grimholt, President at Wilhelmsen Ships Service (WSS). Timm is a provider of high performance ropes worldwide with five distribution hubs. The company has been in business for more than 240 years and has gained a firm foothold in the merchant fleet, especially in the European market.
Panama Canal's Cruise Season from October 3
The Panama Canal cruise ship season 2015-2016 will officially begin on October 3 with the transit of Costa Luminosa, on a voyage from Italy around the world. “Approximately 220 cruise ships are expected to transit through the Panama Canal during this season that spans from October 2015 to April 2016,” said international trade specialist Albano G. Aguilar of the Vice Presidency for Planning and Business Development.
INMEX SMM India Finds its Footing
The impressive response to the INMEX SMM India 2015 that was officially opened yesterday by Deepak Shetty, Director General of Shipping, Government of India, seems to be a clear indication that the green shoots of economic recovery are finally making their appearance in the country. For some time now there has hardly been any event including conferences and exhibitions that succeeded to break even.
Carnival to Begin Operations in Alabama
Miami-based Carnival Cruise Line's Carnival Fantasy will begin voyages from the Alabama coast, marking the return of cruise ships to Mobile after a four-year absence. The first cruise will start from the Mobile Cruise Terminal in autumn 2016. The Carnival Fantasy will also operate cruises to Mexico throughout the year. The Mobile City Council approved the deal between the Cruise Line and the city-owned cruise ship terminal on Wednesday.
SC Line Begins Service to Cuba from Port Everglades
Shipping company SC Line has started up service between Fort Lauderdale's Port Everglades and Cuba, reports Sun Sentinel. The cargo and cruise vessels no longer require a special license to ply between US and Cuba. SC Line can serve the Cuban seaports of Mariel and Santiago every two weeks on a route that circles between Florida, Cuba, Panama and Colombia. On 20 September the SC Line vessel Caroline Russ berthed at Mariel in Cuba. It can carry shipping containers.
Greece Eyes Shipping Money
Greece's returning Prime Minister Alexis Tsipras decided to break up the "super-Ministry" of the Economy, Shipping and Tourism. The shipping portfolio was handed to Theodore Dritsas who will head a stand-alone Ministry of Shipping. Dritsas served as Alternate Minister in charge of Shipping in the previous government. He has strongly objected the privatization of the Piraeus Port. He said his priorities are strengthening the expertise of seafarers.
Shell Plans Second LNG Terminal in India
The Hague-based global energy giant Royal Dutch Shell is planning to establish a floating liquefied natural gas (LNG) facility on the east coast of India at Kakinada in Andhra Pradesh. Shell already has a 5 million tonne LNG terminal at Hazira in Gujarat set up nearly a decade back. The Hazira Terminal includes a LNG storage and re-gasification terminal within a fully functional port. The Andhra Pradesh…
China Probes Shipping Lines
Seven of Chinese state departments are investigating four local shipping companies over allegations that they have levied arbitrary and excessive charges for port services following complaints from foreign trade firms, reports Reuters. The National Development and Reform Commission had so far found that some shipping companies “have too many items on document charges and unreasonable telex release charges,” the notice said.
Danish Meet Looks at Arctic Shipping Issues
One of the most significant global issues over the past 10 years is the vast changes in the Arctic region. The world has again turned its attention to the Arctic, this time mainly because of the climate effects in the Arctic, the economic potential of the region, and the geopolitical implications of changes in the Arctic. The European Maritime Law Organisation, the Royal Danish Naval Academy and the…
Vietnam Plans to Make Freight Tariffs Public
The Vietnamese government is considering implementing a new decree that would require shipping companies to publicize their freight tariffs (including surcharges and commissions paid to brokers). Several foreign logistics companies have expressed concern about the proposal. According to the government, the decree is intended as a tool to protect importers and exporters. A recent government audit revealed that many shipping lines operating in Vietnam impose an average of 70 kinds of surcharges…