Cochin Shipyard to Build the First Double-ended RoRo Ferry
The keel of the first double-ended RoRo ferry being built for the Corporation of Cochin was laid by V.R. Raju, secretary of the Corporation here on Monday at a ceremony at the Cochin Shipyard. The vessels, equipped with two nos of azimuth thrusters for easy manoeuvring and other modern equipment are expected to provide a great relief to the water transportation problems in the city. The contractual…
Port Construction: Tanzania Kicks Off $11B Project
Work started last week on an $11bn megaport in Tanzania, funded by China and Oman, which the country’s president said would spark an “industrial revolution” in the east African nation. The new port at Bagamoyo will dwarf the country’s current main port at Dar es Salaam. Dar es Salaam, approximately 75km (47 miles) to the south on the Indian Ocean coast, is the country’s main commercial port but is over its full capacity.
APM Terminals Moin Bullish on Reefers
APM Terminals is preparing an expansion of the Moin Terminal in Costa Rica's cooling export facilities. Six new STS cranes and 29 RTG cranes to operate the deep water port of Moin Container Terminal, which opens in 2018. The Port of Moin is 18 meters deep docks. Larger container ships with increased cooling capacity can then enter Costa Rica directly. Costa Rica's Port Limon-Moin is ranked as the 13th…
GasLog Raises $1.3B for Eight LNG Newbuilds
Peter Livanos-backed Monaco-headquartered owner and operator of liquefied natural gas (LNG) carriers GasLog Ltd. has completed a USD 1.3 billion credit facility with fourteen international banks to finance the construction of eight 174,000 cbm newbuilds. New York-listed GasLog says 14 banks, plus two export credit agencies, have supported the facility. The Export Import Bank of Korea (KEXIM) and the…
Arctic Oil Drilling: Why Does U.S. End It?
The Obama administration has taken steps to keep drill rigs out of Alaska's northern ocean for a decade or more. The sudden of turnabouts is attributed to slowing down of economy. The U.S. Department of Interior announced that it is canceling two lease sales and will not extend current leases for companies interested in drilling in the Arctic waters off the Alaska coat. "The federal government is cancelling federal petroleum lease sales in US Arctic waters that were scheduled for 2016 and 2017…
VIKING, NK Group Join Forces
Leading Danish marine and fire safety equipment and servicing provider VIKING Life-Saving Equipment has signed a multi-year global servicing agreement with NK Group, a major Korean supplier of firefighting systems and related equipment, laying the foundations for a strong business alliance between the two companies. According to the agreement, VIKING will become NK’s preferred service provider, carrying…
Cyber Security: The Anatomy of a Cyber Intrusion
Compromising the cyber integrity of the network threatens every user and every system on your ship or in your building. Violating security best practices, circumventing security policies, carelessness and falling victim to social networking exploits opens the door to cyber adversaries who can exploit vulnerabilities which may directly impact our Navy's warfighting capability and potentially threaten our lives. Cyber foes are no longer just recreational hackers in pursuit of bragging rights.
Adani Ports to Handle IPGA's Pulses
Adani Ports and Special Economic Zone (APSEZ), India’s largest port developer and part of Adani Group, today said it had signed a Memorandum of Understanding (MoU) with the India Pulses and Grains Association, to handle pulses across its ports in the country. The MOU is intended to help develop a dedicated and efficient supply chain for pulses, using strategically located Adani Ports’ facilities to all key consumption centres in the country…
Maritime Crime Rises 38% in S.E. Asia
Dryad Maritime released its Q3 trends and analysis of global maritime crime showing a stark rise of 38% of incidents across Southeast Asia, when figures are compared to the first nine months of 2014. The apparent impunity of maritime gangs operating in the region has led Dryad to call upon the three nations surrounding the Singapore Strait, in particular, to provide a permanent security presence to deter criminals and protect maritime trade.
Iridium, FURUNO Join forces
Iridium Communications Inc. (IRDM) and maritime navigation and communications equipment leader FURUNO ELECTRIC CO., LTD. announced a strategic partnership in which Furuno will be marketing Iridium satellite services and products initially in Japan. As part of this agreement, Furuno will be developing a new part of its portfolio of satellite communications service with Iridium. That may include the Iridium Pilot antennas…
EUKOR Select Inmarsat, Intellian for high-speed connectivity
Inmarsat, the leading provider of global mobile satellite communications services and Intellian, a global leader in satellite communication antenna systems, have announced a significant deal with EUKOR Car Carriers. The deal will enable EUKOR, one of the world’s largest shipping companies specialising in the transportation of cars and other rolling cargo, to take advantage of the latest technology offered by Intellian and Inmarsat’s new high-speed broadband Global Xpress (GX) network.
Italy's LSCT Executives Tour Asian Logistics Hubs
In Singapore, senior executives from Italy's La Spezia Container Terminal - Contship Italia Group will kick off a tour of key cargo hubs across south east and east Asia today to raise awareness and promote the benefits of La Spezia Homeport as the gateway to Northern Italy and its main cargo corridors. La Spezia is promoting the concept that La Spezia Container Terminal is a viable alternative for southern and central Europe for leading players in the region's supply chain sector.
New Business Development Manager for GAC O&G
GAC is strengthening its strategic focus on the Asian Pacific energy sector with the appointment of Lailah Soon as Regional Business Development Manager, Oil & Gas. Soon has more than a decade of experience in the oil & gas logistics sector in Singapore, New Zealand and Dubai. She is now drawing on that experience to drive GAC’s business offering a wide range of integrated solutions to support oil…
Maersk Looks to Hike Asia-Europe Box Rates
The world's largest container shipping company, Maersk Line, plans to raise spot freight rates sharply on main routes from ports in Asia to ports in northern Europe with effect from Nov. 1, the company said on Tuesday. Spot rates for twenty foot equivalent unit containers (TEU) will rise by $1,000, Maersk Line wrote in a letter to customers. The planned price hike corresponds to a 429 percent increase from current levels if implemented successfully.
Navy to Search for El Faro Wreckage
Fleet Ocean Tug USNS Apache (T-ATF 172) departed Norfolk, Virginia, today to begin searching for wreckage from the missing U.S. flagged merchant vessel El Faro. The ship is deploying to a search area northeast of Crooked Island in the Bahamas island chain, which is the last known location of the vessel. The initial search area is 100 square miles, and water depth is estimated to be 15,000 feet across the expected search area.
Mercury Marine Donates Engines for Hydro-Ambulance
Ambulatory services in Congo, Africa are now improved thanks to a donation by Mercury Marine. The global marine propulsion company recently donated two 60hp outboard…
NTSB: El Faro Investigation Continues
NTSB Issues Update on Investigation Into Sinking of Cargo Ship El Faro. On February 13, 2015, El Faro successfully completed the American Bureau of Shipping (ABS) class and statutory surveys, meeting all rules and regulations as applicable. All deficiencies identified were rectified prior to completion of the surveys. None of the deficiencies were associated with El Faro’s main propulsion systems.
Kinder Morgan, BP form Fuel Storage JV
Kinder Morgan to buy 15 terminals in $350 mln deal. BP Plc will sell 15 fuel storage terminals in the United States to pipeline company Kinder Morgan Inc in a $350 million deal…
Jensen Maritime to Design Two 120' Tugboats
Jensen Maritime, Crowley Maritime Corp.’s Seattle-based naval architecture and marine engineering company, was recently selected to provide the ABS Class and functional designs for two, new 120-foot twin screw tugboats for Ice Flow, LLC dba Nichols Brothers Boat Builders (NBBB) and Kirby Offshore Marine, LLC. “Jensen is proud to have been chosen as the design firm on this project and looks forward to seeing the vessels through from concept to completion…
Bollinger Delivers 15th FRC to U.S. Coast Guard
Bollinger Shipyards has delivered the JOSEPH NAPIER, the 15th Fast Response Cutter (FRC) to the United States Coast Guard. The announcement was made by Bollinger’s President & C.E.O., Ben Bordelon. “We are very pleased to announce the delivery of the latest FRC built by Bollinger Shipyards, the JOSEPH NAPIER, to the 7th Coast Guard District in Puerto Rico. The 154 foot patrol craft JOSEPH NAPIER is the 15th vessel in the Coast Guard's Sentinel-class FRC program.