Gasoline Traders Begin Using Floating Storage
At least two tankers booked in recent days; Gasoline stocks at record high in Europe, U.S. Traders have begun storing gasoline on tankers off the coast of Europe…
Maersk Consolidates in South America to Cut Costs
Maersk Line, the world's largest container ship operator, said on Wednesday it was consolidating operations in Brazil, Paraguay, Argentina and Uruguay to cut costs amid falling freight rates. Maersk Line, part of Denmark's Maersk Group, said shipping volumes should not be affected by its decision to put operations in four different countries under one director. "We will maintain capacity and offer a more consistent frequency…
China Deploys Missiles on South China Sea Island
Satellite images show new missiles on Woody Island; China says entitled to necessary self defence facilities. China has deployed an advanced surface-to-air missile…
DNV GL, VPS Launch Fuel Analytics Tool
Veritas Petroleum Services (VPS) and DNV GL have launched a new Fuel Analytics solution. As part of DNV GL’s ECO Insight fleet performance management portal, the tool will enable a systematic assessment of the impact of fuel quality on vessel performance. The Fuel Analytics solution is the result of an ongoing close cooperation between VPS and DNV GL. “We have been the largest fuel testing services provider since our inception in 1981,” said Gerard Rohaan, CEO of VPS.
Maritime Spy Kit Installed on New Bombardier Planes
Sweden's Saab said on Wednesday it plans to put its Swordfish maritime patrol system on two new aerial platforms as demand rises for ways to tackle maritime threats…
Baltic Sea Freight Index Up
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the fourth consecutive session on Wednesday, on gains across most vessel segments.
Norbulk Implements Cloud Technology Solutions
Ship management company Norbulk Shipping is already seeing the benefits from embracing the move toward paperless ships. The Glasgow-based ship manager explored several…
Record Year for US East Coast Container Imports
Ports on the U.S.’ eastern coast had a very busy 2015 in terms of container traffic, with 7.9 million TEU of loaded containers entering the U.S. East Coast in 2015, a 12.6 percent increase compared to 7 million in 2014, BIMCO reports. While the U.S. East Coast ports experienced a surge in incoming traffic, labor issues and port congestion gloomed over the U.S. West Coast. The start of 2015 was dominated…
Diana Containerships Sells Panamax Ship for Scrap
Shipping company Diana Containerships Inc. has, through a separate wholly-owned subsidiary, signed a Memorandum of Agreement to sell to an unaffiliated third party the 1993-built vessel Hanjin Malta for demolition, with delivery due to the buyer by the end of March 2016, for a sale price of approximately $5.04 million before commissions. Upon completion of the aforementioned sale, Diana Containerships Inc.’s fleet will consist of 13 container vessels…
Fishing Vessel Repurposed Following Conversion
A 170-foot long, 40-foot wide fishing vessel, now named Defender, recently underwent a significant conversion to become the first fish pumping vessel in the Global Seas and Patti Marine Enterprises Inc fleet. Selected to provide engineering services including structural and mechanical work for the conversion was Jensen Maritime, Crowley Maritime Corp.’s Seattle-based naval architecture and marine engineering company.
AgTC Members Speak Out on SOLAS Amendment
Tomorrow, five prominent members of the Agriculture Transportation Coalition (AgTC) will explain the major detrimental impact that the Safety of Life at Sea (SOLAS)…
Great Lakes Shipping Hampered by Insufficiencies
Too few icebreakers and lack of a second Poe-sized lock threaten shipping on the Great Lakes and St. Insufficient U.S. and Canadian icebreakers and reliance on a single Poe-sized lock to connect Lake Superior to the Lower Lakes and Seaway threaten the future of shipping on America’s Fourth Sea Coast warns Great Lakes Maritime Task Force (GLMTF) in its 2015 Annual Report released today. “Another near arctic winter significantly impacted navigation…
Kooiman to Widen Mussel Dredger
Scheepswerf Gebr. Kooiman BV informs it has received a contract to widen a mussel dredger by 60cm on both sides. The vessel, NOR 204 Andrea Norddeich was built in 1977 by Schifs- & Bootswerft Lübbe Voss, Westerende-Kirchlog. Prior to the widening, the ship’s dimensions were 34,2m x 6m , having a draft of 1,86m and she measured 118GT/191 DWT. The vessel is owned by shipping company Christoffers in Norden-Norddeich, Duitsland.
Arctic Shipping Routes May Open by 2080 -NOC
Commercial summer shipping across the North Pole may be possible by the end of the century, with the first potential crossings feasible for ice-strengthened ships around 2040. According to this study, by scientists at the National Oceanography Centre (NOC), Arctic shipping could potentially account for as much as 10 percent of all cargo transported between Europe and the Pacific. It will help supply communities and industries along the coasts of Siberia and Canada.
Kerry Sees 'Very Serious' US-China Talks on South China Sea
The United States expects to have "very serious" talks with China after reports Beijing deployed an advanced surface-to-air missile system to a disputed island in the South China Sea, U.S. Secretary of State John Kerry said on Wednesday. "There is every evidence, every day that there has been an increase of militarization of one kind or another. It's of serious concern," Kerry told reporters when asked about the reported deployment.
Container Volumes Up at South Carolina Ports
South Carolina Ports Authority (SCPA) reported a nearly five percent increase in container volume since its fiscal year began in July. SCPA moved 145,092 twenty-foot equivalent units (TEU) in January.
Optimarin Scores Unique BWT Retrofit Project
Optimarin has won a contract to install its Optimarin Ballast System (OBS) on Østensjø Rederi’s Edda Fides, the world’s only purpose-built monohull accommodation vessel. The Norwegian ballast water treatment (BWT) specialist secured the business following on from the success of a previous installation on the firm’s Edda Fortis in 2015. Edda Fides, which is operated by Østensjø Rederi`s subsidiary Edda Accommodation…
Epoxy Systems Curb Cavitation Threat
In the Marine industry, cavitation commonly occurs on hydrofoils, rudders, stabilizers, as well as on propulsion systems. Cavitation damage can lead to severe erosion problems and render equipment useless if left untreated. Millions are spent every year on replacing equipment damaged by cavitation. This is not only expensive and time consuming, but the like for like replacement solution will not solve the problem.
Qatar, China in $6.4 Bln Battle for Australian Freight Giant
Canada's Brookfield Asset Management (BAMa.TO) is planning a fresh $6.4 billion bid for Australian port and rail firm Asciano (AIO.AX) with Qatar's sovereign fund…
Navy Forum Connects Large and Small Business
For the past 15 years, the Department of the Navy’s “Forum for SBIR/STTR Transition” (FST) – the nation’s premier small business technology venue – takes a major step forward in allying with the Navy League’s Sea-Air-Space Exposition (S-A-S) on 16-18 May 2016 at the Gaylord National Harbor near Washington, D.C. “Our collaboration with the Navy League marries the most significant large and small business marketplaces for defense technology…