NYK Sponsors Facilities for Project Hope School, China
NYK Line (China) Co., Ltd. has donated 30 bunk beds and some sports supplies to NYK Wangping Middle School, which is located in the rural area of Luoyang in Henan province. On October 21, Yuji Isoda, a corporate officer at NYK and the company’s chief representative for China, visited the school with officers from the Luoyang municipal government and education bureau to attend a ceremony in recognition of the event.
Terex Gottwald Harbor Cranes for Netherlands
The Kramer Group is now operating a new diesel-electric Terex Gottwald Model 2 rubber-tyred portal harbor crane in the G HRK 2304 variant at its terminal in Rotterdam, the Netherlands. Model 2 belongs to the small crane family of Terex Port Solutions (TPS), which has a variety of types including a rubber-tyred portal crane. This crane type combines the mobility of a conventional mobile harbor crane with the advantages of a portal version, allowing flexibility of use.
DP World Box Volume Up 3.2%
DP World Limited handled 46.5 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2015, with gross container volumes growing by 3.2% on a like-for-like basis. On a reported basis gross volumes grew by 3.7%. Growth in the nine months was largely driven by Europe and UAE terminals. The UAE handled 11.9 million TEU, representing growth of 4.0%.
LR to help China Design Shipborne Nuclear Power
Lloyd’s Register announced a co-operative Framework Agreement with the Nuclear Power Institute of China (NPIC) in Chengdu, to assist in the design and development of a safe and secure floating vessel containing a Small Modular Reactor (SMR) – a first for China. Mark Bassett, Nuclear Director at Lloyd’s Register Energy, says: “NPIC recognises Lloyd’s Register’s unique combination of experience in nuclear, offshore and marine safety and regulation.
GAC Opens Office at Sabetta Port
GAC Russia has opened an office to provide ship agency and support services for vessels calling at the newly built port of Sabetta. Sabetta sits on the Ob Bay in the Yamal Peninsula, strategically located within the Northern Sea Route. The region has a vast potential in terms of onshore and offshore oil and gas fields development and a number of considerable oil and gas projects are already at various phases of development.
ASF Welcomes Certification of Indian Ship Recycling Yards
The Asian Shipowners’ Forum (ASF) warmly welcomes the tremendous effort made by ship recyclers in Alang, India that have recently received Statements of Compliance (SoC) with the Hong Kong Convention from ClassNK, one of the world’s leading classification societies. The ASF consists of eight shipowner associations in Asia Pacific, i.e. Australia, China, Hong Kong, India, Japan, Korea, Chinese Taipei and the Federation of ASEAN Shipowner Associations (FASA). countries.
No Cruise Ship Tendering In Cayman Islands
Moses Kirkconnell, the Cayman Islands’ minister of tourism said that future off-shore tendering of cruise ships is out of the question in lieu of building a $150 million cruise pier and terminal in the Cayman Islands. Given that in 2014 approximately 82% of Cayman’s cruise business came from Carnival and Royal Caribbean Cruise Line , he asked them about their future plans and was told that tendering is not something they are willing to consider.
Singapore Eyes LNG Trading Hub Status
Singapore looks to pull ahead in the race to become Asia’s main gas hub by establishing a domestic gas trading market. Rising liquefied natural gas (LNG) supply and demand within Asia has prompted Singapore to to become a centre for energy trading. Singapore, already a global oil trading hub, is aiming to take advantage from increasing numbers of buyers especially in China, but also India and other parts of Asia.
Grand Banks Yachts Swings Back into Black
The builder of luxury yachts Grand Banks Yachts swung to a net profit of $1.2 million for the first quarter ended Sept 30 compared to a net loss of $1.3 million for the year-ago period. Following restructuring efforts after a major acquisition, gross profit margin increased to 24.5% from 9.5% a year ago. The SGX Mainboard-listed builder yachts said net profit rose after introducing initiatives to integrate design…
Maersk Axe on Jobs
Maersk Oil, part of Danish conglomerate A.P. Møller-Maersk A/S, will cut 10% to 12% of its workforce as part of a plan to reduce operating costs by a fifth by the end of next year, amid weak oil prices. The oil business of Danish conglomerate sets to cut 1,250 jobs this year. The planned cuts are part of a bid to reduce operating costs by 20 percent this year. The job cuts at Maersk Oil come just a few days after its parent company issued a profit warning, blaming a downturn in world trade.
China Mulls Routine Arctic Transits
China Ocean Shipping (Group) Company (COSCO) plans to launch regular services through the Arctic Ocean to Europe, as global warming makes the route viable and Beijing steps up its northern ambitions, says a report in AFP. Cosco’s Yong Sheng vessel completed its second round trip Arctic voyage between China and Europe in October. It sailed nearly 20,000 nautical miles during the 55-day voyage. The company managers consider the possibilities of normalizing the Arctic shipping route of Yong Sheng…
Shipping Emissions Back in COP21 Agenda
The shipping industry emissions is back in the draft Paris COP 21 agreement following a meeting of negotiators in Bonn last week. Shipping was dropped earlier in October. However, on October 14, E.U. parliamentarians called for emissions reduction targets for both sectors to be set before the end of 2016 by the corresponding UN agencies, the IMO and the International Civil Aviation Organisation (ICAO).
Siem in Profit for Q3
Oslo-listed Siem Shipping reported a net profit of USD2.5 million (Q3 2014: net loss USD-0.2 million). The container lines are continuing to use very aggressive pricing strategies to win market share in the reefer segment. The specialist reefer operators continue to fight back by highlighting the superior quality of the service they provide but the margins are being squeezed. The forecasted El Niño…
ABS Spearheads Offshore Standardization JIP
ABS, a provider of classification services to the global offshore industry, has entered into a memorandum of understanding with Korean shipbuilders Hyundai Heavy Industries (HHI)…
BCG Releases Fleet77 Emulation
Buffalo Computer Graphics (BCG) Inc. has launched a new Fleet77 Satellite Phone and E-mail Application. BCG said the recently created software will be incorporated into its Virtual Global Maritime Distress and Safety System (VGMDSS) simulator to better mirror existing systems that are in use around the world. Using Sailor’s Fleet77 as a basis for the emulation, BCG engineers created a realistic satellite phone that mirrors the functionality of the actual unit.
LNG Tanks Installed on Crowley’s First ConRo Ship
Construction of the first of two liquefied natural gas (LNG)-powered, combination container – Roll-On/Roll-Off (ConRo) ships for Crowley Maritime Corporation’s liner services group reached another milestone, with the installation of three LNG fuel tanks. The double-walled, stainless steel tanks – which are 110 feet in length and 20.6 feet in diameter – weigh 225 metric tons and will hold more than enough LNG fuel for two round-trip voyages between the vessel’s future ports of call…
Warming Could Make Oil-rich Gulf 'Intolerable' by 2100 - Study
Global warming could make life in the oil-rich, desert kingdoms of the Gulf "intolerable," with summer temperatures exceeding 60 degrees Celsius (140 F) by 2100…
Ship Carrying Brazilian Corn Heads to US
A ship carrying corn was scheduled to leave Brazil for the United States on Monday, three shipping agents said, as a strong dollar and plentiful South American supply…
Update: Whale-watching Vessel Sinks, Five Dead
Five Britons were killed when a Canadian whale-watching boat sank on Sunday, and authorities were still searching on Monday for a sixth person feared drowned in the frigid waters of the Pacific Ocean off the coast of British Columbia. The boat, carrying 24 passengers and three crew, sank on Sunday afternoon, sparking a rescue effort by the Canadian military, Coast Guard, fishermen and mariners from a nearby Aboriginal community.
Bureau Veritas/Russian Register to Class Yamal LNG Carriers
Exporting LNG from Yamal in Russia’s high Arctic calls for a special type of LNG carrier never built before. The new series of 15 Arctic-capable LNG carriers to be built in Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) shipyard, each capable of transporting 172,000 cu m of LNG and operating in second year ice up to 2.5 meters thick, will be built to dual Bureau Veritas/Russian Register class.