EU to Fight Spanish Ship Finance Scheme
Regulators cracking down on national schemes which benefit some; more legal battles ahead with Luxembourg, Dutch tax appeals. EU state aid regulators are looking…
Suez Canal January Revenues Dip
Egypt's Suez Canal revenues fell in January to $411.8 million from $429 million in December, data on the Suez Canal Authority's website showed on Monday. The canal is the fastest shipping route between Europe and Asia and is one of the country's main sources of foreign currency. Reporting by Ahmed Aboulenein
CMA CGM Inks Deal with GAC Norway
Deal to provide agency, husbandry and NOx reporting at Oslo. The Scandinavian arm of the world’s third largest container shipping company CMA CGM has signed an agency, husbandry and NOx reporting agreement with GAC Norway for its ships calling at the port of Oslo. The CMA CGM Group has a fleet of 470 vessels serving 400 of the world's 521 commercial ports. In 2015, it transported an estimated volume…
New Systems From Braemar Saves on DP Trials
Braemar Engineering has introduced a unique new initiative which can save on average 25-35 percent of the costs of carrying out annual dynamic positioning (DP) trials. The system offers savings that hard pressed vessel owners and operators in the offshore sector can utilize to increase their competitive advantage while ensuring that the highest quality standards are maintained. “Traditionally these trials are carried out using paper based systems which are time consuming to prepare and complete…
BAE Systems Australia Invests in SSI Software
Australian defense contractor BAE Systems Australia has recently made an investment in a broad range of SSI software and services. BAE has purchased new ShipConstructor…
UASC Reshuffles Weekly Service
United Arab Shipping Company (UASC) has announced a new Indian Subcontinent Mediterranean Express Service (IMEX), providing its customers with optimal coverage from the Arabian Gulf, Indian Subcontinent and Red Sea into West Mediterranean. This new, fixed–day, weekly service is set to replace UASC’s Middle East Indian Subcontinent Mediterranean - US East Coast service (MINA) that currently operates from Middle East to West Mediterranean and the U.S.
Oman Port Targets Bigger Iran Shipping Ties
Oman aims to expand shipping and trade links with Iran and get ahead of rivals after the lifting of international sanctions on Tehran, leading port officials involved say.
Sanmar Launches First VectRA 3000 Tug
Sanmar’s first Voith Schneider Propeller (VSP) tug of VectRA 3000 series, M/T ARES, being constructed for Italian tug operator Tripmare S.p.a. of Trieste, has been launched to sea at Sanmar Shipyard, Altinova last week. The vessel has been carried from the tugboat production hall to the floating dock by the shipyard’s modular transport system. VectRA 3000 series has been designed by the Canadian naval architects Robert Allan Ltd.
Steady Growth Recorded by MCI for 2015
Ship registry Maritime Cook Islands (MCI) registered an 11 percent growth in the fleet last year with 201 new vessels, up from 184 in 2014. The fleet grew from 473 vessels in 2014 to 525 vessels at the end of December. In tonnage added terms in 2015, this is equal to 318,245 gross tons or a 21 percent increase. MCI'latest figures show that 149 Vessels were de-registered in 2015 and these were mainly yachts coming to the end of a three or five year registration.
AIDA Cruises to Christen its New Flagship Hamburg
AIDA Cruises will help the Port of Hamburg ring in its 827th anniversary with the christening if its new flagship, AIDAprima. AIDA Cruises will christen its 11th ship, AIDAprima, in Hamburg on May 7, 2016 as part of the celebrations for the 827th Hamburg Port Anniversary. From April 30, 2016, Hamburg will be the home port for AIDAprima’s seven-day round trips to Western Europe metropolises such as London, Paris, Brussels and Amsterdam.
Surveyors Find Torpedo-like Object off Scotland
Shipping vessels have been advised not to anchor where an object thought to be a torpedo was discovered on the seabed of Scapa Flow, Scotland. On Saturday, February 27…
Babcock LGE Process Secures Namura Contract
As part of its growing network of global partnerships, Babcock LGE, a wholly owned Engineering, Procurement and Project Management business of Babcock International Group…
Video: Large Ferry Pulls an Impressive Maneuver
Aerial drone footage shows Hellenic Seaways' largest ferry, Ariadne, maneuver in the small port of Chios. Watch the video here. Ariadne, a Japanese-built RoRo passenger ferry, was constructed in 1996 and flies the Greek flag, calling ports Piraeus, Chios and Mytilini. Length: 196 m Width: 27 m Speed: 27.5 knots Vehicles: 56 Passengers: 2,045 Cabins/Beds: 145/459
Women Are Moving up in the Maritime Industry
Historically, women have played only a minor role in shipping, shipbuilding and related areas up to the present, but decision makers in the industry are now beginning…
This Day In Naval History - February 29
1992 - Fast Attack Submarine USS Jefferson City (SSN 759) is commissioned. (Source: Naval History and Heritage Command, Communication and Outreach Division)
DMW Delivers Marine Cranes for the US Navy
DMW Marine Group, LLC. has delivered two 40 ton meter knuckleboom cranes to the U.S. Navy. The model M400 cranes will replace two similarly sized cranes that were provided by another vendor. The Navy has decided to replace its rusty equipment with a corrosion resistant marine crane, according to DMW Marine Group. DMW Marine Group said its equipment features stainless steel pipes and fittings, a sand…
ABS Updates Hazmat Inventory Guide
ABS offers guidance on requirements for early compliance with changing regulations. ABS, a provider of classification and technical services to the global marine and offshore industries, has published a new edition of the ABS Guide for the Inventory of Hazardous Materials. The guide provides ABS requirements for reviewing and verifying the initial Inventory of Hazardous Materials (IHM) for newbuilds and existing vessels and defines obligations for maintenance…
CMA CGM Benjamin Franklin Calls Seattle
Largest cargo vessel to visit U.S. The largest cargo ship to visit the United States, the CMA CMG Benjamin Franklin, arrived Monday at The Northwest Seaport Alliance’s Terminal 18 in Seattle. The Benjamin Franklin has capacity for 18,000 20-foot equivalent container units (TEUs), more than double the cargo of most container ships calling at Northwest Seaport Alliance terminals. If laid end-to-end, the 18,000 TEUs would stretch from Tacoma to Everett, a distance of about 68 miles.
US Lease Accounting Standard Updated
Shipping and offshore maritime sectors must be alert to implications of new U.S. The Financial Accounting Standards Board (FASB) in the United States has issued a lease accounting standard update following the release in January 2016 of an International Financial Reporting Standard (IFRS) dealing with the same subject. Although it had been expected that the FASB and IFRS standards would be identical…
Gulf Island Delivers Towboat to Marquette Transportation
Gulf Island Shipyards, LLC recently delivered the second of a three-vessel new build program for Marquette Transportation Company of Paducah Kentucky. The M/V Loree Eckstein, named after John Eckstein’s wife, was delivered on February 18, 2016 at Gulf Island Shipyards’ Houma (South) yard. This vessel is 180 ft. x 48 ft. x 11.5 ft. and is powered by twin EMD 20-710 G7C Tier 3, low emission diesel engines capable of producing over 10,000 horsepower via Lufkin gearboxes.