Beijing to Build Ventilation "Corridors" to Tackle Smog
Authorities in Beijing plan to develop a network of ventilation "corridors" to help tackle the city's notorious air pollution, China's state news agency Xinhua reported on Sunday. Construction in the zones, which will be created by connecting parks, rivers, lakes, highways and low building blocks, will be strictly controlled and obstacles to air flow will be removed over time, Xinhua cited Wang Fei, deputy head of Beijing's urban planning committee, as saying.
Bulk shippers hit by perfect storm as global economic doldrums take toll
Off the coast of a nearly deserted island below the southern tip of Hong Kong, at least 10 massive ships that normally carry hundreds of thousands of tons of coal or iron ore lie idle near one of the world's busiest sea routes. These empty vessels paint a grim picture for the dry bulk shipping business that veterans of the industry say is grappling with an unprecedented crisis of too many ships and not enough cargoes.
El Faro Captain's Pleas for Help Played at Hearing
The captain of the doomed El Faro warned that the "clock was ticking" as his cargo ship took on water in an Atlantic hurricane that would eventually sink the vessel, a U.S. Coast Guard panel heard on Saturday. Captain Michael Davidson pleaded for help as his ship, operated by Tote Services, sailed into the path of Hurricane Joaquin near the Bahamas, according to a recording of his final calls played at the hearing.
CMMI's First Life Time Award for Inderjit Singh
The country's largest community of Mariners who had congregated for their Annual Meet yesterday under the banner of the Company of Master Mariners' of India (CMMI) extended their greatest honor to one of the founders, the 92-year old Capt Inderjit Singh. In the presence of over 1,000 strong gathering Capt Philip Mathews, Chairman of CMMI presented Capt Singh with the most prestigious "CMMI Lift Time Achievement Award"…
VIMC Recognized in B.C. Budget, Exe. Dir. Christens Vessel
The Vancouver International Maritime Centre (VIMC) welcomes the Provincial government’s $1-million commitment for the second year in a row. B.C. The VIMC’s mandate is to encourage global shipping companies to move their operations to Vancouver, bringing high-paid, high-value jobs with them. The city is well-positioned to create the first maritime hub on the west coast of North America, offering competitive tax rates and access to the Asia Pacific Gateway.
Bulk Shippers Hit by Commodity Storm
The dry bulk shipping sector has been dashed upon the rocks of vessel oversupply and slowing economic growth. Not dry bulk shipping business is grappling with an unprecedented crisis of too many ships and not enough cargoes, says a report in WSJ. Idled ships are crowding coastlines world-wide as increasingly desperate companies that ship iron ore, coal and other bulk commodities try to weather the industry’s worst downturn in decades.
Chinese, Greek Ship Owners Accounted for 40% of Global Recycling
According to Clarkson Research Services, the record pace of fleet growth over the last decade and weakening global demand outlook has left many of the major shipping segments facing severe oversupply. Demolition of older ships is one way of easing overcapacity and recycling volumes have been strong in recent years. The top ten owner countries typically account for the majority of recycling with Chinese and Greek owners leading the way.
Tankers Are Like A Box Of Chocolates
The uncertainty around the direction of the tanker market has increased since the start of 2016. At current production levels, the markets for both crude oil and (certain) refined products seem oversupplied, which supports healthy spot rates for both crude oil and product tankers. Tanker market bulls argue that if crude producers keep pumping oil at full tilt and refiners continue to process it at high levels, the tanker market will have another banner year.
BigOceanData Rolls out Gen-Next Vessel Tracking System
A new name has joined the vessel tracking sector with a product that promises to set new standards in functionality and user-friendliness. BigOceanData is the new brand from Globavista, the professional vessel tracking and monitoring provider trusted by industry professionals and government agencies alike. BigOceanData is a completely new service designed to meet the needs of today’s maritime sector: a web-based…
MOL Launches Trial Use of Big Data to Promote Growth of Maritime Cluster
Japan-based Mitsui O.S.K. Lines (MOL) is to trial a new system of onboard data gathering and transmission from its operated vessels to the ClassNK-owned Ship Data Center, a new organisation which offers consolidated management of vessel operational data. MOL has worked steadily to create an environment that allows the collection of big data from onboard its operated vessels, and sharing the information between ship and shore in real time using marine broadband service.
Diana Shipping Announces Time Charter Contract for Protefs with Transgrain
Diana Shipping has chartered the 73,630 dwt, 2004-built panamax, Protefs to Transgrain shipping for 12 – 16 months at a rate of $4,500 per day minus 5% commission. This employment is anticipated to generate approximately US$1.55 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.’s fleet currently consists of 43 dry bulk vessels (2 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax and 20 Panamax).
Vessel Spills 80 Gallons of Oil Into Columbia River
Columbia's state environmental agency said that roughly 80 gallons of oil was spilled into the Columbia River by a vessel near Kalama. The Nord Auckland, a 618-foot ship flagged in Singapore, reportedly spilled the waste oil during an internal oil transfer on Thursday morning. The ship, owned and operated by Denmark’s Norden, was at anchor when an apparent operator error led to the spill of substances which were intended to be incinerated.