EWP Buys 400,000 T/Y Coal
Korea East-West Power Co Ltd bought a total of 400,000 tonnes of Australian and Indonesian coal per year for shipment between April and May via two term tenders closed on Feb.
Insurance Worries May Cancel Japan's Iran Oil Liftings
Japan will likely refrain from loading oil at Iranian ports in March because of the impending expiry at the end of next month of special shipping insurance cover provided by the government…
Baltic Index Inches up on Handy Size Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday, helped by steady demand for smaller shipping vessels.
Svensen retires from DNV GL
Tor E. Svensen, Group Executive Vice President at DNV GL, has decided to retire effective from August 1, 2016. Svensen is a ubiquitous figure in maritime circles, and he will continue to work in the maritime industry and will, amongst other things, take up a role as professor at the University of Strathclyde in Glasgow, focusing on education and research related to safety at sea. Svensen’s career at DNV GL spanned more than 20years and saw him lead the Maritime Business for more than a decade.
Tanker Freight Rates Could Weaken in 2016
Tanker shipping freight rates are expected to remain firm in the first few months of 2016, but with the influx of tonnage these rates are expected to soften towards the end of the year, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry. Four major factors led to the big leap in tanker earnings in 2015: strong growth in oil trade, sluggish expansion of the fleet, a sharp increase in floating storage and lower bunker prices.
Migrant Rescue: IMRF To Support Aegean Services
The International Maritime Rescue Federation (IMRF) is to strengthen the capacity and effectiveness of the Hellenic Rescue Team (HRT), an IMRF member organization which is constantly rescuing migrants in the Aegean Sea. The IMRF will do this with the support of European maritime search and rescue (SAR) organizations who are also IMRF members. Following a temporary drop in the number of people trying to reach the Greek islands by sea in November…
Clean Ships: Knowledge is the Key
In the wake of new regulations, Wilhelmsen Ships Services (WSS) says bulk owners and operators must pay as much attention to the products used to clean their cargo holds as the holds themselves. WSS is urging firms to heed details included in the revised MARPOL Annex V Resolution MEPC.201(62), relating to the International Convention for the Prevention of Pollution from Ships, which came into force on January 1, 2016.
Offshore Wind: Seajacks Scylla Ready to Roll
Gibdock was selected for the afloat mobilization of Seajacks Scylla, the largest and most advanced windfarm installation jack-up ever built. Following delivery to Seajacks by Samsung Heavy Industries at the end of 2015, Scylla was discharged to Gibraltar waters from the heavylift transporter Osprey before being towed into Gibdock for reactivation works at the yard’s South Mole. Seajacks Scylla completed…
Maritime Cybersecurity: What Next?
The maritime community is no more immune from cyber threats than any other entity that relies on computers and the internet. The maritime industry, though, constitutes…
Alphatron Marine Expands in Spain
Alphatron Marine opened Alphatron Marine Iberia in Madrid, a strategic location serving Spain and Portugal. Alphatron Marine Iberia will have as priority the promotion of JRC and Alphatron Marine products, including the AlphaBridge. Operating from a 850 square meter premises, the new office provides storage, service, and maintenance facilities for bridge equipment for all types of IMO vessels plus mega yachts, fishing vessels and workboats.
Kerry: Militarization Does Not Help South China Sea Resolution
The militarization of facilities in the South China Sea does not help efforts to resolve maritime claims in the South China Sea, U.S. Secretary of State John Kerry…
Italian Shipbuilding: Cruising on the Crest of a Wave
Traditionally, Italy’s location and coastal development have continued to ensure the country a flow of income from its role as a strategic European hub in what has come to be known as the new “maritime century.” The country boasts of having the largest ferry fleet, the twelfth most extensive merchant shipping fleet in the world (fourth in Europe), and the third biggest European fishing fleet, with the national maritime cluster generating 3% of GDP.
Great Barrier Reef Dive Cruise Vessel Delivered
Incat Crowther announced the delivery of the 33m Catamaran Dive Cruise Vessel, Evolution. Built by Marine Engineering Consultants on Queensland’s Gold Coast, Evolution was recently delivered to Down Under Dive. Designed from the ground up to provide a sleek and modern feature-packed vessel, Evolution blends motor yacht style with commercial vessel efficiency and ruggedness. Featuring a high level of glazing and modern fit out.
Hybrid Turbocharger Uses Calnetix Tech
The MET Hybrid Turbocharger from Mitsubishi Heavy Industries Marine Machinery & Engine Co. Ltd. (MHI-MME) uses a motor generator system and power electronics developed by Calnetix Technologies.
Saudi's Rule Out Production Cuts, Oil Drops 4%
Oil prices fell 4 percent on Tuesday after Saudi Oil Minister Ali Al-Naimi ruled out any production cuts, restating the kingdom's rationale for maintaining output…
Photo of the Day: ‘Windship’ Over Rotterdam
Brave Tern, a vessel used for the installation of wind turbines at sea, dominates the Rotterdam skyline as The 132m long ship was jacked up to a height of about 70 meters to test its extended legs. Brave Tern is owned by Norwegian Fred. Olsen Windcarrier, and it has four jacking legs with which she can position herself firmly on the seabed. The four legs of the Brave Tern are extended with fourteen meter each up to 92.4 meters during recent weeks in Rotterdam.
AAM to Construct USACE Survey Catamaran
All American Marine, Inc. (AAM) was recently awarded a contract by the U.S. Army Corps of Engineers (USACE) for the design and construction of a new hydrofoil supported aluminum catamaran survey vessel. The vessel will primarily perform survey missions and some dive operations in support of dredging work planned within the Corps’ Philadelphia District. USACE has designated that the new catamaran will replace the aging survey boat, Shuman, which currently fills the mission critical role.
Hapag-Lloyd Posts Q4 Operating Profit
Hapag-Lloyd has achieved its earnings targets for 2015 and also in Q4 significantly improved its operating result (EBIT) versus prior year. Based on the preliminary unaudited figures…
Carbon War Room Launches Shipping Efficiency Advisory Board
Six leaders and influencers from across the shipping industry will join global NGO Carbon War Room’s (CWR’s) Shipping Operation Advisory Board. Their backgrounds span the shipowning…
China May Be Installing Radar on Disputed Islands
Satellite images show China may be installing a high-frequency radar system in the Spratly Islands that could significantly boost its ability control the disputed South China Sea, a U.S. think tank reported on Monday. The Asian Maritime Transparency Initiative at Washington's Center for Strategic and International Studies said the images showed that construction of facilities at Cuarteron Reef appeared…