VLCC's Used for Asia-Europe Diesel Liftings
Total charters VLCC to move diesel from Asia to Europe; Vitol ships diesel from Asia to Europe in Suezmax. At least two companies are planning to ship diesel in bigger-than-usual tankers from Asia to Europe in what traders said is a rare move as cheap oil drives up diesel supply and slowing economies dent demand. French oil major Total has provisionally chartered the very large crude carrier (VLCC) Alice on a six-month time charter to ship ultra-low sulphur diesel (ULSD) from Asia to Europe…
Wartsila Projects 2016 Profit Growth
Finnish industrial engine maker Wartsila reported higher quarterly earnings on Wednesday and forecast improved margins this year, hoping growth in services would…
Greek Pension Protests Hit All Transport Sectors
Ferries were docked at Greek ports on Wednesday as sailors kicked off their second 48-hour strike this week, adding to a groundswell of public discontent over plans…
Keppel, BG Group JV to supply LNG Bunkers in Singapore
Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary KS Investments Pte Ltd (KSI), and BG Group plc (BG Group) have been selected to supply Liquefied Natural Gas (LNG) bunker to vessels in the Port of Singapore. The joint bid submitted by Keppel O&M and BG Group for the LNG bunker supplier licence is one of the two top bids selected by the Maritime and Port Authority of Singapore (MPA).
India Fosters Growth in its Maritime Sector
The Indian government’s has been going all out to put the growth of the Indian maritime Industry on a fast track by opening up a host of opportunities, offering goodies and putting in place new facilities. Setting the tone for his keynote address at the 9th Biennial International Conference on Ports, Shipping & Logistics organized by the Bombay Chamber of Commerce & Industry at the Taj Mahal Hotel…
Ro-Ro Volumes at Ports of Stockholm Thrive
High volumes of RoRo freight in December generated the strongest end of year monthly figures at Ports of Stockholm since 2011. Freight volumes in the RoRo segment, goods transported by haulage vehicles on ferries, were higher than the December totals for the previous three years. The total turnover reached 436,000 tonnes. “We are very pleased with this strong end to 2015 and we are anticipating continued strong growth in 2016…
Vessel Sinks in Atlantic Entrance to Panama Canal
The M/V ALITA. IMO 8503814 (174.10 meters LOA x 15,85 meters in beam) has been reported sunk at the following approximate position: Latitude 09 deg. 23.87’N and Longitude 079 deg. 55.75’W, which is about 0.7 nautical miles and 325 deg. from the West Breakwater Light. The wreck is marked by two yellow spherical buoys, one marking the bow and the other marking the stern, with the following light characteristics: white lights 0.5 seconds on and 1.5 seconds off.
Norwegian Cruise to Expand in Europe
The Miami-based cruise operator Norwegian Cruise Line has announced its ground-breaking summer 2017 deployment for Europe with for the first time in company history five ships sailing in European waters as well as regular cruises out of Hamburg, with embarkation also available in Southampton and Amsterdam. Norwegian has launched three huge ships in the past three years – the aforementioned Getaway, sister Breakaway and last year, Norwegian Escape.
Passengers Stranded in Philippine Ports
Hundreds of boat passengers bound for Leyte, Bohol and other parts of the Visayas got stranded in the different ports of Cebu as the Cebu Coast Guard barred small vessels from traveling, say local media. This is due to a gale warning raised by the state weather bureau Philippine Atmospheric Geophysical Astronomical Services Administration (PAGASA) in the Visayas. The authority has issues the order to disallow vessels weighing 250 gross tons or lower not to sail.
Mangalore Port to Roll out LNG Terminal, Ro-Ro Service
India's New Mangalore Port Trust (NMPT) Chairman P.C. Parida said the port is confident of completing work on the proposed Liquified Natural Gas (LNG) terminal which shall be operational in 2017. NMPT is the first Indian port to start the Ro-Ro service from Mangaluru to Hazira port, he said. According to Parida, the LNG terminal will help provide clean fuel at cost-effective rates to citizens. Parida…
Canadian National Rides High in Intermodal Growth
The Montreal-based Canadian National Railway (CN) reported a higher fourth-quarter profit and raised its dividend, bucking a weak trend among major North American railroads. However, it has given an uncertain but far rosier outlooks for 2016 than most of its North American counterparts after strong international intermodal volume gains helped propel it to a double-digit profit rise. CN said profit rose to $941-million while diluted earnings per share increased by 15 per cent to $1.18.
Jinhui Issues Profit Warning As Dry Bulk Plummets
Jinhui Shipping and Transportation Limited expects to record a wider net loss for the fourth quarter and year ended 31 December 2015, compared to a year earlier on account of record-low freight rates in the dry bulk shipping market. The Hong Kong-based marine transportation company has faced a tough year in 2015 in the dry bulk shipping market, coupled with deeper than expected slowdown of China’s economic growth…
Happy Reunion with CMA CGM
CMA CGM is offering more Reunion Island services as it positions the French department to be its hub in the Indian Ocean. CMA CGM presented its new strengthened services offer linking the Reunion Island during the inauguration of the Group’s new offices, on Tuesday 26th January. The event took place the day before the inauguration of the New Port Reunion. The Reunion Island now becomes CMA CGM Group’s maritime hub in the Indian Ocean.
Farstad Bags Petrobras Contract
Norwegian provider of offshore service vessels for the oil and gas industry Farstad Shipping ASA has entered into two charter contracts in Brazil. Both vessels were hired by the Brazilian state-owned oil and gas company Petróleo Brasileiro, more commonly known as Petrobras. Petrobras has awarded the PSV Far Strider (1999, VS 483, 4,709 DWT) a 4 year contract with expected commencement in April 2016.
1,200+ Migrants Rescued off Libya
Italy's coast guard said on Tuesday it had coordinated the rescue of 1,271 migrants from rubber and wooden boats in several operations off the coast of Libya. Italy…
Insurance Snags May Impede Iran Oil Exports
Efforts by Iran to start exporting oil to Europe are being held up as foreign tanker owners are still struggling to secure insurance for cargoes, leading shipping players said on Tuesday.
Ferries: An Economic Driving Force
While most people know that ferries are a method of transportation, few have a good understanding of the nature of the sector and its importance. In Canada, ferries transport more than 55 million passengers, over 19 million vehicles, billions of dollars’ worth of goods and they employ close to 35,000 people. Beyond the numbers are the personal stories. and much more. For a good portion of Canadians, ferries are part of their way of life.
Interferry: Aiming High in the Cause of Common Sense
Interferry CEO Len Roueche reviews the latest regulatory challenges impacting the ferry industry. With U.S. origins dating back more than 40 years, Interferry is the trade association and main voice for the global ferry sector – a crucial but often forgotten part of the wider shipping industry. Historically this has been particularly true with regard to regulatory issues at the International Maritime Organization (IMO)…
Interview: Dave Anderson, President, Passenger Vessel Association
Dave Anderson is the President of the Passenger Vessel Association (PVA). He also serves as General Manager/Director of Operations of Fire Island Ferries, Inc., Bay Shore, N.Y. on Long Island. The company has provided passenger service, freight service and water taxi service to Fire Island communities since 1948. The firm operates 23 subchapter T and K vessels ranging from six to 400 passengers. Anderson…
Willard Marine Delivers SOLAS 670 to U.S. Army
Willard Marine, Inc., recently delivered a SOLAS 670 rescue boat to the U.S. Army to serve aboard the USACE Dredge McFarland in Philadelphia, Pennsylvania. Outfitted with a Volvo Penta D3 220hp inboard engine paired with a Hamilton Jet HJ2274 water jet, the 22’ 5” SOLAS rigid-hull inflatable boat (RHIB) performs at speeds of up to 26.5 knots and accommodates nine passengers. A Cranston Eagle single…