Peel Ports Buys Great Yarmouth
Peel Ports Group has completed the acquisition of Great Yarmouth Port Company Limited (GYPC) from International Port Holdings for an undisclosed sum. GYPC is well established as the leading UK port servicing the UK sector of the Southern North Sea offshore oil and gas industry and has other activities in regional grain, aggregate and other bulk and general cargoes. In its last annual accounts, it reported revenue of £10.9m and an operating profit of £4.5m.
Maersk Cuts 110 Jobs at HQ
Danish ocean carrier Maersk Line has begun the process of reducing its workforce as part of the cost cutting plan. The world's largest ocean carrier is eliminating 110 positions this month at its headquarters in Copenhagen where 1,125 persons worked previously. Maersk would reduce its landside staff of 23,000 by 17 percent (around 4,000 jobs) by the end of 2017. The positions are being eliminated as part of a plan announced Nov.
China Shipping Ports Acquires 20% Stake at Busan Terminal
China Shipping Ports Development, the port unit of China Shipping Group, has agreed to acquire a 20% stake in the loss-making Korea Express Busan Container Terminal (KBCT) from parent CJ Korea Express (CJ Korex). KBCT manages the container terminal in the port of Busan Shinsundae. KBCT has five container shipping berths spanning 1,500 metres with draft of up to 16 metres. The berths are capable of handling boxships of up to 14,000 teu and moved 2.2m teu in 2014.
Panama Canal locks lane outage, Transit Reservation System
According to the ACP’s Advisory to Shipping A-39-2015, locks lane outages at Pedro Miguel (west) and Gatun (east) locks are confirmed from midnight 26 December until noon on 30 December 2015 for repairs and maintenance. During this period, the Transit Reservation System will be in Condition 2 which means that for Supers, unless there are cancellations by previously booked vessels, there will be no slots in the third period opening. For Regulars, there will be two slots available.
Antwerp set to Build Bunker Station
But now that the LNG Master Plan has come to an end the LNG story is not finished. Far from it: this was just the start, paving the way for promising new projects. Specifically, the port of Antwerp is getting ready to build an LNG bunker station for barges, with the concession agreement due to be signed at the beginning of 2016. The Rhine-Main-Danube LNG Master Plan was formally brought to a close on 16 December 2015 in Rotterdam.
Capt.Sharma Appointed MD, Essar Shipping
The Board of Directors of Essar Shipping Ltd. has appointed Capt. Anoop Sharma as the Managing Director of the company, effective 1st November 2015. Capt. Sharma joined Essar in 2008 and until recently, served as CEO & Wholetime Director of Essar Shipping Limited. He is a Master (FG) with a Diploma in Marketing Management from Narsee Monjee Institute of Management Studies. Commenting on his appointment, Capt. As Managing Director, Capt. Sharma will report to the Board of Essar Shipping Ltd.
NYK’s SIMS Receives Japan's Environmental Award
NYK’s Ship Information Management System (SIMS), jointly developed by NYK and the Monohakobi Technology Institute has been recognized with Japan’s 2015 Minister…
Drone Technology Aids Antarctic Ship Operations
A quadcopter drone has helped navigate the Aurora Australis through the sea ice on its annual resupply voyage to Casey station. Flown off the aft deck of the ship, the unmanned aerial vehicle (UAV) provided the crew with real-time imagery of the sea ice conditions ahead of the ship, optimising navigation decisions. Australian Antarctic Division Future Concepts Manager, Matt Filipowski, said the drone was a valuable addition to the current suite of sea ice navigation tools…
CRIC Designs Prototype for Collaborative Detailing System
The Chief of Naval Operations' (CNO) Rapid Innovation Cell (CRIC) recently developed a basic prototype for an information system that will promote more collaboration between Sailors and commands during the job detailing process. "Our goal is to build a process that is transparent, flexible and gives more influence to commands, so they can build better teams, as well as to Sailors so they can have more say over their lives," said Lt. Cmdr. Mike Mabrey, CRIC project lead.
GloMEEP Energy Efficiency Project Gets Underway
The first national workshop under the Global Maritime Energy Efficiency Partnerships GloMEEP), Project, which aims to support increased uptake and implementation of energy-efficiency measures for shipping, has been held in Georgia. Georgia is one of the Lead Pilot Countries for the project, which aims to build understanding and knowledge of technical and operational energy-efficiency measures to lead maritime transport into a low-carbon future.
Bahri to Acquire 2 VLCCs
The board of National Shipping Company of Saudi Arabia (Bahri) has approved the purchase of two second-hand very large crude carriers (VLCCs) for $155 million, it…
U.S. Crude Up on Supply, Export Variables
U.S. crude prices up 9 pct this week; at slight premium over Brent for most of day. U.S. crude prices rose for a fourth straight session on Thursday, headed for…
GLOBAL LNG: Prices Steady in Subdued Market
Asian liquefied natural gas (LNG) prices were steady this week amid limited trading activity. The price of Asian spot cargoes for February delivery was pegged at…
Baltic Index Up on Panamax, Capesize Demand
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Thursday primarily on improved rates for large vessels. The overall index, which gauges the cost of shipping cargoes including iron ore, cement, grain and coal, gained three points, or 0.63 percent, to 478 points. The index hit an all-time low of 471 points on Dec. 16, the lowest in records that date back to January 1985.
Significant Shoaling in Atlantic Intracoastal Waterway
The U.S. Coast Guard is urging mariners to exercise caution while transiting the Atlantic Intracoastal Waterway (AICW) due to shoaling conditions. Several portions…
Europe's 'LNG Masterplan'
The European Union has facilitated this project between 2013 and 2015. The project cost a total of 34 million euros, 17 million of which were provided by the European Union from the TEN-T Program. "We can say 'well done' to all parties involved. It looks like we are going to benefit tremendously from this project for the implementation of LNG in the inland water transport sector. We are actually getting things done now…
Cruise Ship Marco Polo Leaves Damen Shiprepair
Damen Shiprepair Vlissingen (DSV), part of Damen Shiprepair & Conversion (DSC), has said farewell to Marco Polo, the 800 passenger cruise ship owned by Global Maritime and operated by Cruise & Maritime Voyages. Launched in 1964 as the Aleksandr Pushkin, she was in for her 10th special survey and general maintenance and refurbishment. The project took around five weeks to complete. An elegant vessel whose design harks back to an earlier era…
Russian Grain Exporters Resume Trade with Turkey
Russian grain exporters have resumed deals with Turkish buyers after a short break caused by a deterioration in relations between the two countries, traders and analysts said.
Eastern Delivers 62nd 90-foot Tug to FMT
Eastern Shipbuilding Group, Inc. announced it has delivered the 62nd 90-foot inland towboat for Florida Marine Transporters, Inc. (FMT) of Mandeville, La., continuing its ongoing new build program. The new vessel, M/V Harvey Sbisa (Hull 192), was delivered on November 30, 2015. It was in the Spring of this year, when Florida Marine Transporters, Inc. signed an additional towboat, bringing the total to 65 vessels contracted over the last 10 years.
Diana Shipping Enters Time Charter with Cargill
Diana Shipping Inc. The charter commenced today at a rate of $6,000 per day, minus a 4.75 percent commission paid to third parties, for a period of minimum 10 months to about 13 months. Diana Shipping Expects the employment to generate approximately $1.8 million of gross revenue for the minimum scheduled period of the time charter.