Creating History Indian PM Chairs Commanders’ Meet On Board INS Vikramaditya
Indian Prime Minister Narendra Modi presided over a combined commanders' conference on Tuesday (December 16) morning aboard INS Vikramaditya, stationed about 40 nautical miles on the high seas. INS Vikramaditya is a modified Kiev-class aircraft carrier that was inducted in the Indian Navy in 2013. Defence Minister Manohar Parrikar, apart from the three chiefs of the army, navy and airforce and other high-ranking defence officials were present at the meeting.
Historic Low for Baltic Dry Bulk Freight Index
The Baltic Dry Index fell 4.7 percent to 484 points, the lowest in Baltic Exchange data starting in January 1985. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Tuesday, December 15, 2015, when the index dropped to 484 points.
Global Marine Port and Service Industry to Grow at a CAGR of 4.7%
According to a new industry report published by Lucintel, the future of the global marine port and service industry looks good, with opportunities in the marine freight transportation industry. As per a Lucintel study, the global marine port and service industry is forecast to grow at a CAGR of 4.7% from 2015 to 2020. The major drivers of growth for this industry are high growth of the marine freight transportation industry and surging demand of containerized and bulk cargo.
Ecoslops to Implement Recycling Unit in the Romanian Port of Constanta
Ecoslops has signed a Letter of Intent (LOI) with Grup Servicii Petroliere (GSP), a leading offshore drilling and construction company, to conduct a feasibility study for the development of an oil residues processing plant in the Romanian Port of Constanta, on the Black Sea. Ecoslops is the first company to develop technology to produce recycled marine fuels from marine oil residues (slops). "The Port of Constanta is ideally located…
Adrian Tolson Launches 20|20 Marine Energy
A new consultancy established by well known industry veteran and leading marine energy expert Adrian Tolson, was launched Tuesday. A new consultancy, 20|20 Marine Energy, was launched to help companies create and implement strategies for purchasing and selling marine energy, as well as supporting the development of bunkering infrastructure. In a changing market of increasing risk and complexity, 20|20 works with ship owners…
China, South Korea Maritime Talks
China’s Foreign Ministry has confirmed that China and South Korea will hold their first round of talks on maritime delimitation over the Yellow Sea in the South Korean capital of Seoul on December 22. The talks, led by South Korean Second Vice Foreign Minister Cho Tae-yul and Chinese Vice Foreign Minister Liu Zhenmin, will be held in Seoul next Tuesday, the South Korean ministry said in a release.
Towing Vessels Collide on Lower Mississippi
One of two towing vessels involved in a collision on the Lower Mississippi River has sunk near Memphis, Monday afternoon. The U.S. Coast Guard watchstanders received…
Wärtsilä Control Systems for 3 New Containerships
Wärtsilä's Nacos Platinum Integrated Navigation Automation Control System has been selected for a series of three 'mega-class' container vessels being built for…
Ingalls Launches US Navy Destroyer Ralph Johnson
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division launched Ralph Johnson (DDG 114), the company’s 30th Arleigh Burke-class (DDG 51) guided missile destroyer, on Saturday. Ingalls has built and delivered 28 Arleigh Burke-class destroyers. There are currently four more under construction at Ingalls, including Ralph Johnson, which is scheduled to be christened in the spring of 2016. John Finn (DDG 113) was christened in May and is expected to undergo sea trials in 2016.
Harding Accelerates Performance with the Cloud
Cloud networking provider Aryaka announced that Harding Safety, a manufacturer and supplier of marine life-saving systems, has deployed Aryaka’s software-defined, optimized network to achieve improved performance and connectivity between its sites in Norway and China. Prior to deploying Aryaka, Harding Safety faced significant latency and packet loss issues between offices. The enterprise network thus acted as a barrier to collaboration, and business productivity was hit.
Heavy Iraq Crude Has Limited Appeal for US Gulf Coast Buyers
Sellers of a new grade of Iraqi oil are competing fiercely to win market share on the U.S. Gulf Coast, though high sulfur content has limited appeal for refiners of the crude, known as Basra Heavy.
Energy Management is the Future of the Cruise Industry
Royal Caribbean Cruises teams up with Eniram, cutting fuel costs by millions of dollars and reducing emissions of CO2 by tens of thousands of tons by improving energy efficiency through innovation. Cruise shipping is one of the fastest growing sectors in tourism, in 2015 attracting approximately 23 million passengers around the world. Cruise company Royal Caribbean Cruises is constantly designing and building new futuristic ships and partnering with the shipyards…
MERC Ships 500 Millionth Ton of Coal
Midwest Energy Resources Company (MERC) transshipped its 500 millionth ton of coal on Monday, December 14, 2015, with the loading of Interlake Steamship Company’s M/V Paul R. Tregurtha for the DTE Electric Company. MERC, which began operations in 1976, transshipped its 100 millionth ton of U.S. western low-sulfur coal in 1991, 200 millionth ton in 1998, 300 millionth ton in 2004 and 400 millionth in 2009.
Russia Supplies Syria Mission with Turkey's Old Cargo Ships
Earlier this year, an old refrigerator ship called the Georgiy Agafonov, built to transport fruit and vegetables for the Soviet Union, was quietly gathering rust…
DHT Holdings Extends VLCC Time Charters
DHT Holdings, Inc. has extended time-charters for three of its VLCCs to oil majors, the company announced. The vessels, Samco Europe, Samco Taiga and Samco Redwood…
Diesel Tankers Make Mid-Atlantic U-turn as Europe Stocks Swell
Tankers laden with diesel heading from the U.S. Gulf Coast to Europe are turning around in mid-ocean as European storage is nearly filled to the brim. At least three 37…
Simulation Complex for Paraguay Waterway Training
The Transas navigational simulator Navi-Trainer Professional 5000 was installed at the Center for Maritime and River Shipowners (CAFyM) in Asuncion for training crews in tugs operations in the Parana-Paraguay Waterway. The project was carried out in conjunction with VTG S.R.L., the Transas' local representative, which is covering commercial and technical needs of the Paraguayan market for all Transas products.
SSI Development for Computer Aided Robotics Welding
CAD/CAM software maker SSI said it is developing solutions for Computer Aided Robotics Welding (CAR-W) consistent with its recent innovations in the area of 3D weld management. This research project is under the aegis of the U.S. Navy's National Shipbuilding Research Program (NSRP). On December 10-11, 2015, SSI representatives met with representatives from Wolf Robotics and Edison Welding Institute to further advance this development.
ExxonMobil Introduces MFMS in Hong Kong
ExxonMobil announced it has introduced the first independently accredited mass flow metering system (MFMS) in Hong Kong, following introduction of the system in Singapore. The fuel delivery system can help save vessel operators up to an estimated three hours and $5,000 per refuelling while also providing increased transparency and efficiency to the bunkering process, according to ExxonMobil. The Hong Kong MFMS has been accredited by Lloyd’s Register…
ISS Wins Contract with NileDutch
Maritime and logistics service provider Inchcape Shipping Services (ISS) has won a new liner agency contract with specialist West African container line NileDutch.