McQuilling Releases 2016-20 Tanker Outlook
McQuilling Services has announced the release of the 2016-2020 Tanker Market Outlook. This report is a five-year outlook for eight vessel classes across 18 benchmark…
Italy Navy Rescues 209 From Migrant Boats
Italy's navy rescued 290 migrants and recovered six bodies from the water near a half-sunken rubber boat on Thursday, the first sea deaths recorded on the North Africa to Italy route this year…
Peel Ports Secures WEC Lines Service for Liverpool
Dutch company WEC Lines is to begin weekly calls at the Port of Liverpool from February 10th, providing a new option for shippers looking to access central and northern UK markets. The brand new service will connect Liverpool with Lisbon, Setubal, Leixoes and Sines and vice versa, with other links to Ireland, Scotland, Morocco, Spain and the Canary Islands. WEC Lines said: “This is a major new development for us…
Drewry: Dry Bulk Shipping Needs Drastic Measures
Dry bulk shipping is facing a perfect storm and requires drastic supply side measures if the industry is to return on course to profitability in the medium term…
BIG DATA & Maritime: The Downside
There is no question that the era of "Big Data" -- and all that those two words encompass -- will be transformational in the maritime market for the coming generation. There is no stopping the data trend, and today's generation demands it from a social aspect and needs it to be efficient in business operation. While the upside to big data has been recorded often, the North P&I Club has warned its members that despite the enormous benefits of digital technology on and around ships…
BIG DATA: First Intelsat EpicNG Satellite Launched
The launch yesterday of the Intelsat 29e, the first of the Intelsat EpicNG high throughput satellites, promises to usher in a new era of "Big Data" in the maritime sector, among others. The satellite was launched from French Guiana aboard an Ariane 5 vehicle. Manufactured by Boeing and equipped with advanced digital payload, Intelsat 29e will bring high throughput capacity in both C- and Ku-band to North and Latin America and the North Atlantic region.
Transas, XVR Simulation Form Partnership
Transas has announced its new strategic cooperation with XVR Simulation to expand their maritime training capabilities and to deploy common complex projects in the safety and security simulation market. Transas and XVR Simulation have just entered into a Memorandum of Understanding (MoU), which was officially signed on the first day of the Transas Simulation User Conference 2016, in Singapore. The two will work close together to extend offers for existing and future customers of both parties.
Asia Dry Bulk-Capesize Rates Likely to Remain Flat
Freight rates for capesize bulk carriers on key Asian routes are likely to stay flat as vessel volumes outpace cargo demand and the approaching Chinese New Year holiday further dampens chartering activity, ship brokers said on Thursday. There is little hope of any improvement in rates, which remain at near 16-1/2-year lows, even after the Chinese New Year holiday which starts on Feb. 7, brokers said.
Caterpillar Q4 Revenue Dips 23 pct
Caterpillar Inc's quarterly revenue slumped 23 percent as weak commodity prices and slowing economic growth in developing countries hit demand for its products.
USCG Search for Dinghy Owner near Kaneohe Bay, OAHU
The Coast Guard is seeking the public's help identifying the owner of a 13-foot white sailing dinghy found near Kaneohe Bay, Wednesday. Anyone with information that may help identify the owner of the sailing dinghy is asked to contact the Coast Guard Sector Honolulu Command Center at 808-842-2600808-842-2600 FREE FREE. Watchstanders at the Sector Honolulu command center received a report at 5:25 p.m.…
Pilbara Ports being Evacuated
Pilbara Ports Authority has commenced evacuating the inner and outer anchorages at the Port of Port Hedland, as a tropical low, 315km from Port Hedland, continues to track toward the Pilbara coast in a southerly direction at six knots. The evacuation of vessels at both anchorages is expected to be complete by midday (AWST). The Port of Dampier is expected to begin evacuating vessels from the outer anchorage from 6pm tonight (AWST).
Supreme Court Stays Green Tribunal Order on Adani Hazira Port
Adani Hazira Port Private Limited (AHPPL), a 100% subsidiary of Adani Ports and Special Economic Zone Limited, had challenged the order dated 8.1.2016 passed by the National Green Tribunal, Pune, inter alia, cancelling the EC 3.5.2013 for expansion of facilities at Adani Hazira Port. The matter was heard by the Hon'ble Supreme Court today and the Court has stated that the port operations can continue as usual. Therefore, there is no impact on port operations.
Evergas Acquires 4th multigas LNG vessel
Evergas’ latest addition to its fleet, the 4 th ‘dragon class’ 27.500 cbm multigas LNG carrier in a series of eight was successfully named today the 28th of January, at a ceremony at the Sinopacific Offshore & Engineering (SOE) shipyard in Qidong, China. The state-of-the-art carrier was named JS INEOS INSPIRATION. The vessel bear a distinct dragon symbolizing its Chinese and Western heritage. The dragon chosen to sail and protect JS INEOS INSPIRATION is the King of Earth…
IACS 2016 Blue Book Launched
The International Association of Classification Societies is pleased to announce the release of the 2016 edition of its IACS Blue Book. The latest release of the Blue Book package continues to enhance IACS technical support to the shipping industry through our work and investment in technology, innovation, research and development both at the classification and statutory levels. The Blue Book is an…
MOL Car Carrier Rescues Castaway
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that on January 20, 2016, the MOL-operated car carrier TRIUMPH ACE safely rescued a survivor about 80 km offshore of Mexico. ・At 08:50 (all times in local time) on January 20, 2016, the TRIUMPH ACE, sailing from the Port of Mazatlán, Mexico to Port of Balboa, Panama found a drifting person and immediately changed course to approach the castaway, and started rescue operations.
Stolt-Nielsen Profits Dip
Stolt-Nielsen Limited (Oslo Børs: SNI) today reported unaudited results for the fourth quarter ended November 30, 2015. Net profit attributable to shareholders in the fourth quarter was $21.4 million, with revenue of $494.6 million, compared with a net profit of $30.1 million, with revenue of $500.7 million, in the third quarter of 2015. Net profit attributable to shareholders for 2015 was $132.7 million…
Wärtsilä, Ensco Ink Maintenance Deal
Wärtsilä, the leading global supplier of flexible and efficient power plant solutions and services, has signed a maintenance agreement with Ensco, a global provider of offshore drilling services to the petroleum industry. The agreement, signed in September 2015, will create both short- and long-term savings by optimising Ensco's assets and improving predictability through extensive condition monitoring…
ABP Invests £5 mln in Centre at Grimsby Port
ABP has confirmed £5 million investment in a purpose-built Marine Control Centre at the Port of Grimsby. The new facility, which will be arranged over four floors, will replace the existing Vessel Traffic Services centre at Spurn Point, which has become increasingly difficult to access by land because of the progressive deterioration of the peninsula. ABP Director Humber Simon Bird said: “The Spurn…
GAC’s Meena Wins IMC Golden Shield Award
The International Maritime Club presented Meena Mathews, GAC’s Regional P&I Manager for the Middle East, with its Excellence in Marine Claims Management accolade at the IMC Excellence Awards ceremony at the Ocean Blue in Sharjah, UAE, this week. Mathews was nominated by the Club’s committee of industry specialists for her work in protection and indemnity and insurance over the last year. She received her award from The Dubai Council for Marine & Maritime Industries (DCMMI) Chairman…
G E Shipping Acquires Product Tanker
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a 2005-Japanese built Medium Range Product Tanker “Jag Padma” of about 48,000 dwt. The company had contracted to buy the ship in December 2015. With the inclusion of the vessel, the Company’s current fleet stands at 31 vessels, comprising 22 tankers (8 crude carriers, 13 product tankers, 1 LPG carrier) and 9 dry bulk carriers (1 Capesize, 3 Kamsarmax, 5 Supramax) with an average age of 10.6 years aggregating 2.4 mn dwt.