Historic Pacific Trade Deal Faces Skeptics in US Congress
Twelve Pacific Rim countries on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 percent of the world's economy in a deal that faces skepticism from U.S. lawmakers. The Trans-Pacific Partnership (TPP) pact struck in Atlanta after marathon talks could reshape industries, change the cost of products from cheese to cancer treatments and have repercussions for drug companies and automakers.
Supramx Ship Delivered to Seanergy
Dry Bulk shipping company Seanergy Maritime Holdings Corp. announced today the delivery of a 56,819 dwt Supramax dry bulk vessel, renamed M/V Gladiatorship. The vessel…
Danelec Marine Expands in Brazil
Press release - Danelec Marine has announced that it is expanding its presence in Brazil by naming Telnav Telecomuniçacões Navais a Certified Service Center. With nearly 30 years of market experience…
US Orders EPA to Rewrite Ship Ballast Water Dumping Rules
A federal appeals court in New York ordered the government to rewrite its rules regulating the discharge of ballast water by ships, in a victory for environmental…
MARAD Backs Emissions Reduction Projects
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced it will provide more than $1 million to support the development of two new emission-reducing maritime solutions.
Michelle Obama to Christen Navy's Newest Submarine
U.S. First Lady Michelle Obama will join builder General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, in christening Illinois (SSN-786), the U.S. Navy’s newest nuclear attack submarine, at an invitation-only ceremony Saturday, October 10. First Lady Michelle Obama is the ship’s sponsor and participated in the keel laying of the Illinois in 2014. The christening’s principal speaker is Secretary of the Navy Ray Mabus.
Baltic Index Slips as Demand Falls
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Monday as demand dropped across all vessel categories.
Becker Marine, Kotug Sign MOU for LNG Hybrid Barge
Press release - Becker Marine Systems and KOTUG signed a Memorandum of Understanding to launch a LNG Hybrid Barge in the Port of Rotterdam with effect from June 2017. The LNG Hybrid Barge, a floating energy plant, is designed to provide environmentally friendly power for ships in ports. The LNG Hybrid Barge will deliver clean energy to moored cruise ships and contributes to a cleaner environment. It…
SSL Expands into Finland for Höegh Autoliners
Höegh Autoliners has appointed Scandinavian Shipping & Logistics (SSL) as its agent in Finland from December 1, 2015. SSL, which has worked with Höegh Autoliners…
UASC Expanding its Reefer Business
United Arab Shipping Company (UASC) has confirmed that its reefer business will continue to expand. Following several initiatives including investment in new reefer units, and a cooperation agreement with Hamburg Süd opening up new services to South America, UASC said it aims to highlight its growth during WOP 2015, the international perishables expo for the Middle East being held at Dubai World Trade Center from October 5-7.
USCG: Body Found in Search for Ship Sunk in Hurricane
The U.S. Coast Guard on Monday said its crews had found a body and an empty, heavily damaged lifeboat in their search for the cargo ship El Faro, believed to have sunk after going missing off the Bahamas in Hurricane Joaquin. Rescuers are no longer looking for the ship, which sent a distress call four days ago after getting caught in the powerful storm's ferocious winds and 50-foot seas, Coast Guard Captain Mark Fedor said. He said aircrews continued to search for the missing crew - 28 U.S.
Hunt for Missing El Faro Ship Enters 4th day, Hopes Fade
Search and rescue teams resumed scouring the seas on Monday for the missing cargo ship El Faro and it mostly American crew, after it was caught in the eye of Hurricane Joaquin four days ago, the U.S. Coast Guard said. More than 70,000 square nautical miles have been searched so far, the Coast Guard said. On Sunday, aircrews found a debris field in the vicinity of the ship's last known position, including styrofoam, wood, cargo and other items.
USCG: Missing Cargo Ship El Faro Believed to Have Sunk
The U.S. Coast Guard now believes that the missing cargo ship El Faro sank after sailing into the path of Hurricane Joaquin in the Bahamas, a spokesman said on Monday. Rescuers continue to search for survivors, said Chief Petty Officer Bobby Nash in Miami. "It's still an active search and rescue," he said. (Reporting by Colleen Jenkins)
Rolls-Royce to Cut More Staff of Marine Unit
Britain's Rolls-Royce said it would cut an additional 400 staff from its marine business by the end of next year, its latest move to make the unit more efficient and cope with a fall in orders sparked by lower oil prices. The marine unit, which depends on oil and gas-related customers for about 60 percent of its business, has seen some of its orders cancelled in the past 16 months as the price of Brent crude collapsed to six-year lows.
Kalmar to Upgrade MSC Terminal VLC (Valencia) Cranes
Kalmar, part of Cargotec, has announced a large contract to heighten and extend the handling capabilities of eight ship-to-shore (STS) cranes at MSC Terminal VLC in Valencia, Spain. The order is the largest ever for Kalmar Crane Upgrades business. The project was signed into Cargotec's 2015 third quarter intake, and all cranes are scheduled to be operational by mid-2017. MSC Terminal VLC has chosen…
Wärtsilä Debuts Package for hydropower & industrial plant
Wärtsilä Corporation, a global leader in complete lifecycle power solutions for the marine and energy markets, expands into a new market segment, offering a comprehensive package of seals, bearings and associated solutions to hydropower installations and industrial plants worldwide. Wärtsilä offers a wide portfolio of products and services to power plant owners and operators. By utilising Wärtsilä's global engineering…
Höegh Autoliners Appoints Agents in Finland
Höegh Autoliners has appointed Scandinavian Shipping & Logistics (SSL) as its agent in Finland from 1 December 2015. SSL, which has worked with Höegh Autoliners in Sweden and Norway for several years, is opening a branch office in Helsinki and has recruited Petri Kalkkinen as General Manager. Mr Kalkkinen has many years of experience working as an agent for Höegh in Finland. “This new office will enable us to strengthen our organisation and business in the Finnish market…
Navy Kicks Off Tours with Industry Program
The Navy kicked off a new program Oct. 5, designed to give high performing officers and Sailors experience at large corporations for approximately one year. Three participants began work today with Amazon in Seattle, Washington, and two with FedEx, in Memphis, Tennessee, as part of program's first cohort. As Secretary of the Navy Ray Mabus first announced in his May 2015 speech at the Naval Academy…
Smith Taken on Rolls-Royce Holdings Board
Rolls-Royce Holdings plc today announces the appointment of Sir Kevin Smith CBE as a Non-Executive Director. Sir Kevin will join the Board with effect from 1 November 2015 and will become a member of the Nominations and Governance Committee, the Remuneration Committee and the Science & Technology Committee. Sir Kevin joins from Unitas Capital, a leading Asian private equity firm, where he has been a full-time partner based in Hong Kong since joining the firm in February 2012.
Choi-Wan to hit SE Japan
Tropical Storm Choi-Wan, located near 21N/158E yesterday (4 October), is forecast to move WNW-NNW over the next days and intensify to a very large typhoon. A large area of HIGH to VERY HIGH sea, significant 7-14 meters, will affect the waters southeast of Japan from 7 October and spread northward. On 8 October covering the area southeast and east of Japan from latitude 30N to Hokkaido and gradually decreasing from 9 October.