China, South Korea Talk on Sea Boundary
China and South Korea held a key meeting seeking to resolve boundary issues in the Yellow Sea. The Chinese delegation was led by Vice Foreign Minister Liu Zhenmin while South Korea was represented by 2nd Vice Foreign Minister Cho Tae-yul, according to statement. Representatives of the two countries' foreign and defense ministries attended the negotiations. Ties between Beijing and Seoul have been steadily improving in recent years, and both sides are optimistic that progress will be made.
European List of Certified Ship Recycling Facilities
The European Commission has opened the application procedure for the European List of ship recycling facilities last Friday, 18 December. Facilities located outside EU Member States are now invited to submit their applications before 1 July 2016. The European Commission will review the applications and then publish a first version of the European List before 31 December 2016 in accordance with the EU Ship Recycling Regulation.
Sinotrans Pacts for Five Yamal LNG Tankers
Chinese shipping major Sinotrans has signed with Greek shipowner Dynagas and China LNG Shipping (CLNG) for the joint purchase of five Arctic-class LNG carriers from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME). The agreement is structured as five separate joint ventures between the parties; each venture includes membership in the shipbuilding contract and in a 25-year time charter of the vessel to Yamal LNG. The time charter is for about $20 million per month per vessel.
APM Terminals Gothenburg Welcomes World’s Largest Container Ship
The MSC Maya, the fourth of 20 Oscar-Class Ultra-Large Container Ships (ULCS), arrived at APM Terminals Gothenburg on December 21 from the Port of Bremerhaven as part of the regular port rotation of the Maersk Line/Mediterranean Shipping Company AE-2/Swan Far East/North Europe Service in the 2M alliance. With a published capacity of 19,224 TEUs, Oscar-class vessels are the world’s current record holders in container carrying capacity.
Ship Owners to See Reduced P&I Premiums in 2016
Despite protection and indemnity (P&I) Clubs announcing that they are trying to achieve on average 2% increases in premium, ship owners with good records can look forward to reductions in premiums for P&) insurance at the 2016 renewals, according to Willis Group Holdings, the global risk advisory, re/insurance broking, and human capital and benefits firm. “The International Group (IG) market has announced an average general increase of around 2%…
CMA CGM Buys Additional Shares In NOL from Open Market
French carrier CMA CGM, which has announced its bid to acquire Neptune Orient Lines for S$3.4bn ($2.4bn) in cash, is slowly building a stake in Neptune Orient Lines (NOL) for less than the price per share it has offered in a planned takeover deal. CMA CGM has bought 367,000 shares of the Singapore-listed shipping company in the open market for S$1.24 each share, 4.6 percent below its offer price of S$1.30 a share.
US West Coast Not Ready for Mega Boxships
CMA CGM is testing the ability of the U.S. West Coast ports to handle the biggest containerships – are they ready? U.S. West Coast ports are not yet in a position to handle 18,000 teu containerships regularly and have much work to do in terms of improving productivity if they are to see them call on anything other than an ad-hoc basis. The 18,000-teu CMA CGM Benjamin Franklin will become the largest containership to call at any U.S. port when it arrives at the port of Los Angeles on 26 December.
Boskalis, Kotug Establish Harbor Towage JV
Royal Boskalis Westminster N.V. (Boskalis) and KOTUG International B.V. (KOTUG) have reached agreement on the merger of their European harbour towage operations.
Strategic location drives Gibdock booking surge
A surge in bookings by new and repeat customers into the first two quarters of 2016 suggest the strong performance registered by Gibdock in 2015 will continue next year. The Gibraltar-based repair and conversion yard enters its customary busy ferry season buoyed by repeat business from owners of a variety of ship types, and the completion of its first exhaust gas scrubber installation project. Dock 1, Gibdock’s largest drydock, is already fully booked until the end of February 2016.
NewLead Renews CoA for MT Katerina
NewLead Holdings Ltd. has today renewed the Contract of Affreightment (the "CoA") for one of its bitumen tanker vessels, the MT Katerina L for an additional twelve month period, for the transportation of a minimum of 49,600 metric tons of bitumen over 16 voyages, or, at the Charterer's option, up to a maximum of 74,400 metric tons of bitumen over 24 voyages. The first shipment is scheduled to commence at the beginning of January 2016.
IMO Amendments Coming into Force on 1 January
A number of important amendments to IMO treaties enter into force on 1 January 2016, including new requirements for verification of compliance, making audits mandatory under the IMO Member State Audit Scheme. Other amendments entering into force include SOLAS amendments to require inert gas systems on board new oil and chemical tankers of 8,000 dwt and above; the latest amendment to the International Maritime Dangerous Goods (IMDG) Code…
Royal IHC Launches Dredger for Chinese Client
The naming and launch ceremony of the trailing suction hopper dredger (TSHD) JUN YANG 1 took place on Saturday 19 December 2015 at Royal IHC's shipyard in Kinderdijk, The Netherlands. The dredger is being built for CCCC Guangzhou Dredging Co., Ltd (GDC), and the ceremony was performed by Ms. Li Wen Ci, the wife of H.E. The Ambassador of the People's Republic of China in The Netherlands. IHC has a long…
USCG Warn of Dangerous Water Temperatures
The Coast Guard is reminding boaters and paddlers heading out on the water this holiday season to keep safety in mind. Weather forecasts are slated to bring unseasonably warm air, but the water can be dangerously cold. The current water temperature in Boston Harbor is 46 degrees Fahrenheit, but last winter during the coldest month it averaged 36 degrees Fahrenheit. “Excited boaters and paddlers in their new canoes and kayaks will understandably want to take advantage of the mild weather…
Austal Bags Further $ 198 mln USN Contract
Austal USA has been awarded a contract for $51,684,797 to its 10-ship $3.5 billion Littoral Combat Ship (LCS) contract for the U.S. Navy. This contract modification is expected to increase to $198,385,545 over three years if options are exercised. This work includes design services for upgrades to the LCS and preliminary design for the U.S. Navy’s future Frigate. facility in Mobile, Ala. “This work…
Drydocks Completes Rig Diyina
Drydocks World, an international service provider to the shipping, offshore, oil, gas and energy sectors has completed the yard’s first Rig Integrity Assurance Program…
Baltic Index Inches Higher on Strong Panamax Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday, supported by rising demand for panamax vessels.
Alphatron Secures Van Oord Maintenance Deal
Alphatron Marine has signed a three-year global maintenance agreement with Van Oord to maintain and support all navigation and communication equipment on its entire fleet of more than 80 vessels. Van Oord, a world company specializing in dredging, offshore oil and gas and offshore wind, operates internationally and requires that each and every vessel could be put to work effectively at any time.
Boskalis, KOTUG Joint Venture Formalized
Royal Boskalis Westminster N.V. and KOTUG International B.V. have reached a formal agreement to merge their European harbor towage operations following on a Memorandum of Understanding signed by the parties in late 2014. The combined operations will be transferred to a 50/50 joint venture bringing together the European harbor towage activities of KOTUG and Boskalis subsidiary SMIT, operating under the new name KOTUG SMIT Towage.
UK's Peel Ports to Expand Liverpool to Weather Container Slump
Peel Ports, one of Britain's largest port operators, expects to withstand the container shipping slump with a bold project aimed at attracting cargo to Liverpool away from southern gateways…
Pemex Extends Fugro Campaign
Mexican national oil company, Pemex, has awarded a further extension to Fugro’s contract to support its exploration drilling activities in the Bay of Campeche. The contract extension is valued at approximately $20 million and the workscope includes geophysical and geotechnical field operations, laboratory testing and geoconsulting activities. The field program commences in December 2015 from the ultra-deepwater geotechnical and well services vessel Fugro Synergy…