Port of Hull Opens Multi-purpose Warehouse
Investment of more than £4 million in a purpose-built facility for the storage of dry bulk cargoes has given Associated British Ports’ (ABP) Port of Hull a pioneering multi-purpose warehouse facility which will be used to store biomass. The building, which took almost a year to construct, boasts a range of features which makes it the only one of its kind in operation in the UK. ABP Dry Bulks Manager…
China Okays Cosco, China Shipping Merger
China's State Council has approved a merger of the country's two biggest shipping conglomerates, China Ocean Shipping (Group) Company (COSCO) and China Shipping Group Co, the state asset supervisor said on its website on Friday. The combined entity would become the world's fourth-largest container shipper with a roughly 8.1 percent market share. That would be far behind AP Moeller - Maersk A/S, Mediterranean Shipping Co SA and CMA CGM SA.
Baltic Index Falls Again
The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities fell on Friday reflecting low vessel demand across nearly all vessel sizes. The overall index, which gauges the cost of shipping cargoes including iron ore, cement, grain, coal and fertiliser, slipped 12 points, or 2.25 percent, to 522 points. The Baltic index is seen by investors as an indicator of global industrial activity.
Asia-N.Europe Box Rates Up 156 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 156 percent to $703 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Shipping Exchange told Reuters. The rise came after shipping companies implemented scheduled rate hikes on the world's busiest route and after rates dropped 50 percent last week.
Alphatron, Exmar Ink Maintenance Contract
Alphatron Marine has signed a full service maintenance contract with EXMAR Shipmanagement covering six gas carriers to ensure optimized operation and reduce daily running costs for the next five years. The gas carriers are fitted mainly with JRC equipment, which Alphatron Marine has many years of experience of installing and supporting, along with other navigation and communication equipment onboard.
Finland's New Icebreaker Polaris Named in Helsinki
A naming ceremony was held today for Finland’s new-generation icebreaker, Polaris, built at Arctech Helsinki Shipyard. Presently under construction at Helsinki Shipyard…
G6 Alliance to Maintain Service Structure through 2016
Container shippers of the G6 alliance intend to maintain current service structure and operate as aligned through 2016, following news of CMA-CGM’s potential takeover of Neptune Orient Lines (NOL) announced earlier this week. Singapore-based NOL, parent company G6 member APL, said it will continue to operate as normal as its acquisition remains subject to regulatory approvals expected in the later part of next year.
LNG Prices Firm on Pockets of Demand
Asian liquefied natural gas (LNG) prices edged up this week as the global market drew some support from demand in Mexico, after its state-run power company purchased six cargoes.
Easing the Transition to GHS Shipping Label Compliance
For domestic and international shippers, now is the time to satisfy GHS freight label compliance. The “Globally Harmonized System” (GHS) was established by the United Nations to create a unified system for identifying and communicating hazardous chemicals. In the U.S., OSHA set a June 2015 deadline for chemical manufacturers to use GHS compliant labels, followed by a December 2015 deadline for distributors, and June 2016 deadline for end users.
Damen’s First LoFlo BWTS Delivered for RNLN Submarine
Damen announced the first of its new LoFlo ballast water treatment systems (BWTS) has been delivered for installation in January 2016; the LoFlo 60 will be fitted on board the Royal Netherlands Navy’s (RNLN) submarine support ship and torpedo tender HNLMS Mercuur (A900), as part of a maintenance and refit program currently underway at Damen Shipyards Den Helder in the Netherlands. The IMO Ballast Water Management Convention expected to come into force in November 2016…
US Oil Drillers Cut Rigs for 14th Week in 15
U.S. energy firms this week cut oil rigs for a 14th week in the last 15, data showed on Friday, a sign drillers were still waiting for higher prices before returning to the well pad.
Cuba, US Restore Direct Postal Service
Cuba and the United States have agreed to restore direct postal service after a half-century rupture in one of the first bilateral deals since the former Cold War…
Hempel Launches Hempasil X3+ Fouling Release Coating
Building on its Hempasil range of fouling release systems, marine coatings manufacturer Hempel has launched a new antifouling, Hempasil X3+, a biocide free, two-component…
First MilSatCom/GX Maritime Terminal Developed
Inmarsat announced a new partnership with EM Solutions to develop the world’s first combined MilSatCom/Global Xpress (GX) maritime satcom terminal. The new terminal…
Shakespeare Debuts JellyFish Antenna
Marine antenna manufacturer Shakespeare has introduced the JF-3 Multi-Band Antenna into its Galaxy range. Built for recreational and commercial use, the JellyFish is an omni-directional, IP67 waterproof antenna for marine communication and transmission in harsh environments. Designed to reduce clutter on a boat, it features passive GPS, 2G, 3G and 4G cellular, and WiFi reception in one compact package.
Oil Skidding Toward 11-year Low
Oil prices extended their freefall on Friday, flirting with 11-year lows, after the International Energy Agency (IEA) warned that global oversupply of crude could worsen next year. Brent and U.S.
Norborg Steps in as Clipper Group CEO
Clipper Group has appointed Peter Norborg new Group CEO, succeeding current chief Frank G. Jensen, who will continue with the company as Chairman of the Board. Norborg will commence work in Clipper on April 1, 2016. Norborg, 49, comes from a position as Chief Operating Officer at Switzerland-based open hatch/dry bulk company Gearbulk, a position he has held since 2012. Before that, he spent 14 years at D/S Norden, latest as Executive Vice President and Head of Dry Cargo division.
Chesapeake Hires New Director of Design and Engineering
Chesapeake Shipbuilding Corp. said that Steven McGee, P.E. has joined the senior executive team as Director of Design and Engineering at Chesapeake Shipbuilding. With more than 20 years of engineering and maritime experience, McGee will oversee vessel design from preliminary conceptual design to complete Coast Guard and regulatory approvals. Chesapeake Shipbuilding currently has on staff five naval architects and 2 engineers. “McGee’s experience in various positions with the U.S.
Semco Maritime wins order for Expansion of Maersk Guardian
Semco Maritime entered into an agreement with Maersk Drilling for the expansion of accommodation rig Maersk Guardian, which will be inserted at various fields in the Danish part of the North Sea from September 2016. The order for Semco Maritime comprises installation of new accommodation blocks as a supplement to existing quarters on the jack-up rig. Semco Maritime won the order in an open tender with several Danish and foreign participants.
New Fednav Ship to Visit Port of Duluth-Superior
One of six newly-built bulk carriers in the Fednav fleet, the Federal Bering, is making its first full transit of the Great Lakes St. Lawrence Seaway system this week en route to the Port of Duluth-Superior. While this will be a first for the ship, its cargo will end up being the last outbound grain shipment of the 2015 shipping season for the Twin Ports. Federal Bering is expected to arrive late Sunday evening, December 13, or early Monday morning, December 14.