SSI Urges IMO for Action on Reducing CO2 Emissions
The Sustainable Shipping Initiative (“SSI”), a pioneering coalition of companies from across the global shipping industry, today released - ahead of discussions at COP21…
ITF Seafarers’ Trust Launches Shore Leave 2.0
Press release - The ITF Seafarers’ Trust is launching an enhanced version of its free Shore Leave app – the first app designed to help seafarers looking for reliable transport when in port.
Lightering Operations Begin for Sunken Lake Barge
Lightering operations has begunn for the tanker barge Argo sunken in Lake Erie as Unified Command responders took advantage of a favorable weather window, the U.S. Coast Guard reported. The first of Argo’s eight tanks are being tapped and offloaded. The product will be pumped into a specialized container on a work barge where it will be run through a series of carbon filters to separate and remove the flammable vapors from the product.
Cadmatic Used for Alaska Ferry Design
The Alaska Marine Highway System (AMHS) has awarded the Alaska Class Ferry project to Vigor Alaska shipyard in Ketchikan, Alaska, where construction is currently underway.
South Africa Ports Gear Up for Cruise Season
South Africa’s ports are ramping up for a bumper cruise season with at least eight luxury cruise lines and over ten passenger vessels of varying sizes set to ferry…
Parker Bestobell Marine Launches Compact Valve
Parker Bestobell Marine has launched a new compact version of its Float Isolation Valve (FLIV). The patented Parker Bestobell Marine FLIV is installed on top of…
Magleby Maersk Calls at Jebel Ali
Press release - Global marine terminals operator DP World’s flagship Jebel Ali Port has received the world’s largest container vessel, the Magleby Maersk, which is on its maiden visit to the region. The management and operations team at Jebel Ali rolled out a well-drilled operation to welcome, berth and service the mammoth liner with the clockwork-like precision that has made the container port the most productive in the world.
American Club Announces 2.5% Increase
At its meeting in New York on November 20, the American Club’s board resolved to levy a general premium increase of 2.5 percent for P&I cover, but no increase in the cost of FD and D for the 2016 policy year. The club’s board also reviewed release call requirements for open policy years, reducing the margins for 2013 and 2014, and undertaking to revisit the 2015 figure in the first half of 2016. In reaching these decisions…
Thordon Wins Environmental Award
COMPAC, Thordon Bearings’ seawater lubricated propeller shaft bearing system, won the Tanker Shipping & Trade Environment Award following a verdict that the system allows shipowners to cost-effectively comply with stringent marine pollution rules. Dr. Karen Purnell, the Managing Director of the International Tanker Owners Pollution Federation (ITOPF), who sat on the award judging panel alongside representatives from INTERTANKO…
Somali Pirates Hijack Iranian Fishing Vessel
Somali pirates have hijacked an Iranian fishing vessel with 15 crew members, a Somali official and a maritime expert said on Monday amid warnings that piracy might…
Commodities Hit 2002 Lows Before Rebounding on Oil
Commodities hit 13-year lows before rebounding on Monday after Saudi Arabia's pledge to work toward crude price stability bolstered oil and France's first wheat…
Putin Says Eyes Trade Boost with Iran
Russian President Vladimir Putin said on Monday he wants to boost trade ties with Iran after meeting with leaders of the Islamic Republic in Tehran. Putin, speaking at joint briefing with Iranian President Hassan Rouhani, also said there are plans to create a free trade zone between the Moscow-led economic union of former Soviet Union countries and Iran, as well as increased use of national currencies in trade with Tehran.
Metal Shark Delivers Port Security Fireboat
Louisiana-based shipbuilder Metal Shark announced it has delivered a 55-foot multipurpose port security vessel to the Plaquemines Port Harbor and Terminal District in Louisiana. Based on Metal Shark’s Defiant-class monohull pilothouse design, the welded aluminum vessel is designed to support port security efforts and firefighting missions at the port district, located 20 miles south of New Orleans at the mouth of the Mississippi River.
GBP1mln Grant to Create 100 Jobs at Ferguson Shipyard
The last commercial shipyard on the Clyde, Scotland, has secured grant to help safeguard 125 jobs and create a further 100. Ferguson shipyard has been awarded a £1m grant to refurbish its Port Glasgow premises and help fund new jobs. Ferguson Marine Engineering Ltd (FMEL) received the grant from Scottish Enterprise which will boost the number of full time staff from 150 to 250 at Port Glasgow. The…
Pioneer Marine Plunges into Red Again, Cancels Ship Orders
Singapore-based Pioneer Marine reported a $5.4m loss for the third quarter of 2015, about even with a $5m loss in the same quarter last year. It canceled orders for three new ships as the bulk-ship operator coped with a steep decline in demand for commodities in China. Net Revenue of Pioneer amounted to $9.9 million for the third quarter of 2015 and $28.8 million for the nine month period ended September 30, 2015.
Transpacific Container Lines Address Economic Pressures Ahead in 2016
In a container freight market challenged by volatility and facing the prospect of further consolidation, member shipping lines in the Transpacific Stabilization Agreement (TSA) have announced a phased increase in rates and a package of 2016-17 service contract guidelines intended to ensure greater pricing predictability and service reliability. First, TSA lines are recommending adjustments to minimum rates across the board, on December 1, 2015 and on January 1, 2016.
RasGas to Waive $1bln Penalty on LNG Deal
Qatar-based natural gas producer RasGas will not penalise Petronet LNG for lower offtake of the fuel, says a report by PTI. Qatar has agreed to waive $1 billion penalty on India for breaking a long-term LNG contract, and has also consented to change the pricing formula to reflect the slump in global energy rates. After months of intense negotiations, RasGas of Qatar has agreed to not to press for the $1 billion in penalty that Petronet LNG…
New Facility for Virginia-Class Submarine Sailors at Newport News Shipbuilding
Huntington Ingalls Industries (HII) announced today that its Newport News Shipbuilding division has opened a new facility that provides workspace for the crews of Virginia-class submarine (VCS) pre-commissioning units (PCUs) while their submarines are under construction. The facility is collocated with Newport News’ submarine final outfitting and assembly facilities, thereby increasing the crews’ ability to access and train with the ship systems during the final stages of construction.
Hapag-Lloyd Boosts Direct EAX Service Between Europe and Australia
German liner company Hapag-Lloyd has further improved the Europe Australia Express service (EAX), one of its prime products. New port calls in Fos sur Mer and Pointe de Galets / Short transit times from Europe to Australia unchanged / Italian port switched to Salerno on Northbound leg. According to a media statement from the company, as of December, the French ports Fos sur Mer and Pointe de Galets (La Réunion) will be added to the EAX rotation on the Southbound leg.
EASTMED to Add VSAT on 20 Tankers and Bulkers
Greece-based Eastern Mediterranean Maritime Limited (EASTMED), a shipping operator servicing the energy, industrial and agricultural sectors, has chosen to install Marlink’s global VSAT (Very Small Aperture Terminal) communication solution with L-band back-up on 20 tankers and bulkers. EASTMED aims to achieve greater operational efficiency to support its clients with cost efficient transportation in a safe environment.