Sembcorp Marine Opens Largest Fabrication Unit in Southeast Asia
Sembcorp Marine launched its new state-of-the-art steel structure fabrication workshop – the largest of its kind in Southeast Asia – which is set to boost the company’s steel fabrication capacity for its future needs. Officially opened by Economic Development Board Chairman Dr Beh Swan Gin today, the 120,000-square-metre facility at Sembcorp Marine’s Tuas Boulevard Yard is fully covered. Comprising five bays for pre-treatment…
Ferry Firm Bags Contract for MoD Port
David MacBrayne Ltd (DML) and global logistics firm GBA (Holdings) Ltd, operating as Solent Gateway Ltd, have won a contract to run one of the UK’s busiest military ports as part of a joint venture. The Gourock-based firm has been awarded a 35-year deal to manage military movements through Marchwood Military Port in Hampshire. MacBrayne is the parent firm of Calmac Ferries, which has operations at 24 ports, harbours and slipways.
GSL in the Red
Global Ship Lease (GSL) has reported negative result for the third quarter of the year mainly due to impairment charges related to two vessels. Company reported revenue of $42.18 million. The estimated revenue was of $39.92 million. Earnings per share were $0.08. Analysts had estimated an EPS of $0.06. Revenue for the nine months ended September 30, 2015 was $120.9 million. Reported net loss of $41.1 million for the third quarter 2015…
Global Shipping in Doldrums
Wells Fargo Securities says that headwinds face global shipping industry and the continued overcapacity means freight rate gains are less likely to stick. "Given the continued overcapacity headwinds and easing containerized trade demand, we believe these freight rate gains are less likely to stick, and we expect rates to remain under pressure as we approach the slack winter season, particularly following a muted peak season…
Singapore to Develop Maritime Ports in Egypt
The Maritime Sector of the Egyptian Ministry of Transportation signed a Memorandum of Understanding (MoU) with the Port of Singapore Authority (PSA) as Singapore will operate and develop the Egyptian maritime ports, reports the Cairo Post. President Abdel Fattah El-Sisi received on Tuesday president of the PSA Tan Chong Meng in the presence of Suez Canal Authority Chairman Mohab Mamish and Minister of Transport Saad Al-Goyoushi.
Chinese Naval Ships Dock in US
Three Chinese naval vessels have arrived at a US Naval Station Mayport in Jacksonville, in the US state of Florida, reports Xinhua. The "goodwill" visit will help build trust and increase understanding, according to the Mayport Public Affairs Office. Their friendly visit is part of a world tour showcasing the advances in China's maritime capabilities. It comes at a time of tensions between the two countries over the South China Sea, but it is aimed at uniting rather than dividing.
Japan, China to Quick Launch Maritime Communication Mechanism
Japanese and Chinese defense ministers agreed that an early launch of a maritime communication mechanism and defense exchanges are important for the countries to prevent accidental clashes in their first such talks since June 2011, reports Japan Times. Japanese Defense Minister Gen Nakatani met with Chinese counterpart Chang Wanquan in Kuala Lumpur, the first meeting between the two nations' defense ministers in nearly four and a half years.
French Naval Group to Battle Islamic State
France to deploy aircraft carrier to help operations against Islamic State. France's Charles de Gaulle aircraft carrier will be deployed to support operations against Islamic State in Syria and Iraq…
Brazil Port Jam Benefits U.S. Soybean Stakeholders
The congestion at Brazilian grain terminals is worsening and U.S. soybean suppliers may have reason to celebrate. U.S. soybean sales to date in the new marketing year have been rather sluggish…
Ten-day Dockworker Strike to Impact Portuguese Ports
Dockworkers in the Portuguese ports of Lisbon, Setubal and Figueira da Foz will go on a 10-day strike starting Nov. 14 to protest at a potential end of collective bargaining agreements…
Asia Dry Bulk-Capesize Rates to Slide with Voume Drop
Freight rates for capesize bulk carriers could hold around current levels or nudge slightly lower next week as cargo volumes fail to match the number of ships available for charter, brokers said on Thursday. That came as the traditional fourth quarter bounce in rates from strong year-end cargo demand remained elusive, brokers added. "No one expected the fourth quarter to be so bad," said a Shanghai-based capesize broker. "Last week people were saying we were at the bottom of the market already.
VT Halter Launches Another ATB Tug for Bouchard
Shipbuilder VT Halter Marine, Inc. and Bouchard Transportation Co. Inc. announced the launch of M/V Morton S. Bouchard Jr., a 6,000hp Twin Screw Articulated Tug Barge (ATB) tug, on October 29, 2015. The M/V Morton S. Bouchard Jr. is part of a two-vessel contract awarded to the shipyard in August 2014. M/V Morton S. Bouchard Jr. and M/V Frederick E. Bouchard, are being constructed at VT Halter Marine’s Moss Point Marine facility in Escatawpa…
Stena Goes Green with LEMAG
Since fitting the first LEMAG SLASHPOL E-WIF FQI (fuel quality improver) homogenizer on the Stena Carrier over five years ago, Stena has fitted a total of 16 of its vessels with LEMAG WIF homogenizers. Feedback from a number of the Stena vessels has confirmed that in addition to reduced fuel consumption; there is also a reduction in black smoke during start-up and maneuvering, as well as at full load.
AlphaBridge Installed on Patrol Boat TTS Speyside
Alphatron Marine announced it has delivered its first 46-inch display AlphaBridge for the Trinidad and Tobago Coast Guard's patrol vessel TTS Speyside. While keeping a 360 viewing field, the AlphaBridge includes an array of functions, all displayed on three displays presented in a fully integrated package. Operating in Trinidad and Tobago, the patrol vessel features a tactical navigation and observation system.
American Salvage Association Names New Officers
The American Salvage Association (ASA) has elected a new slate of officers at its fall meeting on September 21 in Stamford, Conn. Todd Schauer, Resolve Marine Group was elected President, succeeding Paul Hankins, Donjon Marine Co., Inc., who served as President from 2013-2015. Jim Elliott, T&T Marine Salvage, Inc., was elected Vice President, and David DeVilbiss, Global Diving & Salvage, Inc., was named Secretary/Treasurer.
VSTEP, Poseidon to Bring NAUTIS to Philippines
Two international developers and suppliers of maritime-related educational and operational products, solutions and services, VSTEP and Poseidon Asia, Inc. (PAI), have forged an alliance to bring the NAUTIS maritime simulators and training apps to the Philippines. Headquartered in Rotterdam, VSTEP is known for its NAUTIS maritime simulator solutions and virtual training software for both civilian and naval military applications.
In-hull Dual Fuel Engine Conversion an Industry First
To convert its vessel Coral Anthelia to dual fuel operation, Anthony Veder worked with Cat dealer Bolier to complete the industry’s first in-hull retrofit – saving considerable time and money in the process. The project saw the retrofit of a marine diesel engine to dual fuel operation in the hull of a ship without altering the vessel’s structure, limiting any onboard operations or requiring the ship to dock.
Great Lakes Iron Ore Trade Falls 23% in October
Shipments of iron ore on the Great Lakes totaled 5.3 million tons in October, a decrease of 23 percent compared to a year ago, according to the Lake Carriers’ Association (LCA).
Imtech Marine Becomes RH Marine Group
The new RH Marine Group, formerly known as Imtech Marine was introduced at the Europort exhibition in Rotterdam today. Following the recent acquisition by Parcom Capital and Pon Holdings, Imtech Marine will now be known as RH Marine Group, built on the roots of founding companies Radio Holland and van Rietschoten & Houwens. The two ‘pillars’ for service and newbuild activities within Imtech Marine are also involved in the new naming structure.
The Happy Company: An Unconventional Business Approach
The first copy of AEGIR-Marin’s new book The Happy Company was presented today at Europort 2015 to Netherlands Maritime Technology managing director Peter Zoeteman by Ruud Muis, director AEGIR-Marine. The Happy Company is a book about the love for shipping, the no nonsense mentality that defines this branch and the way Netherlands-based AEGIR-Marine became a major player in a market dominated by multinationals. Muis explained, “It’s not rocket science what we do.