Iran, S. Korea Pact for Shipbuilding
Iran has finalised a deal with South Korea to launch a joint shipbuilding venture between the two countries, IRNA reported. The venture will be established between Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) and Hyundai. ISOICO managing director Hamid Rezaian revealed that the related consultations as well as key agreements for the move have already been taken care of, and the company will work over the development of the seventh generation of ships with Hyundai.
30 Cruise Ships to Reach Qatar Next Year
Qatar's Doha Port expects to receive around 30 cruise ships next year, says Director of Doha Port Management Captain Abdul Aziz Nasser al Yafei. The port had received three cruise ships this year. He also said the new Hamad Port may receive mega cruise ships starting from next year, reports Qatar News Agency (QNA). According to him, Hamad Port is likely to conduct a test run this month to receive commercial vessels.
Healthy Global Growth for LNG
Despite some recent turbulence, the global business environment for liquefied natural gas (LNG) remains strong, and a continuous growth in demand is expected for years to come, said Khalid Sultan R Al Kuwari, Chief Marketing and Shipping Officer of RasGas Company Limited. Speaking at the CWC 16th World LNG Summit in Rome Al Kuwari said that a growth rate of approximately 5% per year from 2015 to 2025 is anticipated.
KAMCO Becomes White Knight for Shipping
Acquiring ships from financially troubled shipping companies will remain one of the mainstay jobs handled by South Korean finance house Korea Asset Management Corporation (KAMCO) next year, reports Korea Times. The company has bought 33.3 billion won worth of assets from two SMEs in the January-October period and plans to acquire assets valued at 40 billion won from two to three SMEs by December, a move to give relief to financially troubled companies…
Iran Contracts German Firm to Make LNG Facility
Germany’s Linde Group will build the first FLNG (Floating Liquefied Natural Gas) facility in Iran, Iran’s oil minister Bijan Namdar Zanganeh said. Zanganeh said that building LNG-producing facility in line with exports of LNG to European countries is a priority for the ministry. Currently, it has a 60-per cent physical growth and when completed, it will add to the 10.5 million metric tons of LNG annually, reports MNA.
Adani Mulls Necklace of Ports in India
The $10-billion Adani Group is stringing together a Sagar Mala or necklace of ports dotting India's coastline, said Karan Adani, reports ET. The group is keen to complete its own 'Sagarmala' (Necklace Ocean) dream by having presence in the three key states of Maharashtra, Karnataka and Andhra Pradesh, apart from setting up trans-shipment terminals in Southeast Asia and East Africa. “We are also keen to have trans-shipment terminals in Southeast Asia…
AAPA Welcomes FAST Act
President Obama is today, expected to sign a five-year, $305 billion transportation reauthorization bill that Congress overwhelmingly passed yesterday which includes $11 billion in new freight funding grants and programs and other top priorities among America’s seaports. The Fixing America's Surface Transportation (FAST) Act (H.R. 22) is the first long-term transportation bill in 10 years, and the…
First CA Port Joins Green Marine
The Port of Hueneme, ranked in the top 11% of all U.S. Ports for general cargo flow has signed on as a participant in Green Marine, the largest voluntary environmental program for the maritime industry in North America. The announcement was made November 23rd by Jess Herrera, President of the Oxnard Harbor District’s Board of Harbor Commissioners. Green Marine’s environmental program makes it possible for ports…
Adani Start Developing Transshipment Port at Vizhinjam
Adani Ports and Special Economic Zone Ltd, (APSEZ), India’s largest port developer and part of the Adani Group, today formally began development of India’s first ever and ambitious international transhipment project in Vizhinjam, Kerala. It shall be completed within the stipulated time period of four years. Honourable Chief Minister of Kerala, Shri Oommen Chandy, along with Union Minister for Transport, Highways and Shipping, Shri Nitin Gadkari, Chairman of Adani Group, Mr.
Navy to Commission USS Jackson (LCS 6)
The Navy will commission its newest Independence-variant littoral combat ship, USS Jackson (LCS 6), during a 10 CST ceremony Saturday, Dec. 5 in Gulfport, Mississippi. Jackson, designated LCS 6, honors the city of Jackson, Mississippi, and is the first U.S. ship in our nation's history to be named in honor of Jackson. Jackson, Mississippi was named for Andrew Jackson, the seventh president of the United States.
Colombia to Build Museum showcasing Shipwreck Discovery
Colombia will build a museum to showcase artefacts found in the wreckage of a Spanish galleon discovered near the historic Caribbean port city of Cartagena, President Juan Manuel Santos said on Saturday. The San Jose, thought by historians to be laden with emeralds and precious coins, sank in 1708. It was part of the fleet of King Philip V, who fought the English during the War of Spanish Succession.
Cargo Ship EMS Majestic Rescued in English Channel
The Antigua-Barbuda-flagged EMS Majestic began to sink with seven crew on board in the English Channel when it was being towed to safety. The UK Coastguard received a Mayday call at 7.09pm on Sunday from a cargo vessel which was taking in water in the Dover Strait. EMS Majestic reported that they had seven crew on board and were taking on water and sinking 13 miles south east of Eastbourne. A number…