'World's Greenest Containership' Calls Red Sea Gateway
United Arab Shipping Company (UASC) and Red Sea Gateway Terminal (RSGT) celebrated the world’s greenest ultra-large container vessel 18,800TEU M.V. Al Nefud during its maiden call to RSGT at Jeddah Islamic Port today. The event was attended by Dr. Nabeel Al-Amudi, President of the Saudi Ports Authority and Chairman of UASC, Mr. Waleed Al Dawood, COO at UASC and Mohammed Al-Mudarres, CEO at Saudi Industrial Services Company (SISCO)…
Baltic Index Up for Tenth Consective Session
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, rose for the tenth straight session on Thursday, helped by steady demand for smaller shipping vessels. The overall index, which gauges the cost of shipping resources including iron ore, cement, grain, coal and fertiliser was up three points at 325 points. The index touched an all-time low of 290 points on Feb. The capesize index shed 4 points to 182 points.
Arctic Thaw Presents Shipping Risks to Environment
Rising average temperatures are melting ice; the call goes out for heavy fuel oil to be regulated in Arctic. The Arctic is thawing even faster than lawmakers can formulate new rules to prevent the environmental threat of heavy fuel oil pollution from ships plying an increasingly popular trade route. Average Arctic temperatures are rising twice as fast as elsewhere in the world and the polar ice cap's permanent cover is shrinking at a rate of around 10 percent per decade.
Sub M 90 Program Underway
MarineCFO Offers Vessel365 & Homeport365. Industry technology services provider, MarineCFO, has announced the “Sub M 90” Program commencing February 25, 2016 and terminating June 22, 2016. According to Tug & Barge Solutions, a Sub M consultant and MarineCFO partner, the Office of Management & Budget (OMB) received the Final Rule version of Sub Chapter M from United States Coast Guard on February 12, 2016.
Ensco plc Report Loss
LONDON--(BUSINESS WIRE)-- Ensco plc (NYSE: ESV) today reported a loss of $10.64 per diluted share in fourth quarter 2015 compared to a loss of $14.89 per diluted share in fourth quarter 2014. The loss from discontinued operations in fourth quarter 2015 was $0.41 per share compared to a loss of $1.67 per share last year. The loss from continuing operations in fourth quarter 2015 was $10.23 per share compared to a loss of $13.22 per share a year ago.
‘MOL Wins "Merit at Environmental Communication Awards"
Mitsui O.S.K. Lines, Ltd. today announced that the “MOL Group Safety, Environmental and Social Report 2015”(*1) received the Award of Merit in Environmental Report section at the 19th Environmental Communication Awards(*2). This marks the second consecutive year the report has won the excellence award in this category. The report earned high marks for its description of technologies intended to reduce the environmental impact of MOL Group businesses…
CNO, MCPON Engage Norfolk Sailors
Chief of Naval Operations (CNO) Adm. John Richardson and Master Chief Petty Officer of the Navy (MCPON) Mike Stevens visited Sailors and toured naval activities in Norfolk, Va. Feb. 24. During a tour of BAE Systems Ship Repair Norfolk, CNO met with company leaders, shipbuilders repair personnel and Sailors repair to discuss current shipyard opportunities and challenges. "The workers who repair our ships, they are the foundation for our readiness," said Richardson.
Lucas is Director, Customer Service & Membership, Suntex Marinas
Suntex Marinas, an owner and operator of marina properties, announced today the promotion of Martin Lucas to the role of Director of Customer Service and Memberships. In this new position, Lucas will spearhead the development and execution of customer interaction and retention initiatives. enjoyable experience for both guests and employees. He will also be responsible for marina marketing plans, organization of programs and events, and production of collateral materials.
Royal IHC Delivers another Dutch Dredger
On February 18, 2016, Royal IHC delivered the trailing suction hopper dredger (TSHD) Mahury to Baggerbedrijf de Boer – Dutch Dredging. The twin-screw TSHD was built at IHC’s partner shipyard, MTG Dolphin, in Varna, Bulgaria. The Mahury was launched on August 14 and named on October 29, 2015 in Varna. It is the fourth TSHD of Baggerbedrijf de Boer – Dutch Dredging built by IHC, following the Albatros, Amazone and Lesse. Length approx.
Transocean 4Q Revenue Up
Transocean Ltd. Revenues were $1.85 billion, up from $1.61 billion in the third quarter of 2015; Operating and maintenance expenses were $794 million, down from $880 million in the prior period; Adjusted net income was $615 million, $1.68 per diluted share, excluding $4 million of net unfavorable items. - Contract backlog was $15.5 billion as of the February 11, 2016, Fleet Status Report. ZUG, SWITZERLAND-February 24, 2016-Transocean Ltd.
Icebreaker Aground in Antarctica
Australia's icebreaker Aurora Australis has run ashore at Mawson Station while resupplying the Antarctic base, reports Reuters. A statement from the Australian Antarctic Division (AAD) on Wednesday confirmed 67 expeditioners and crew were on board the ship when it broke free of its mooring lines at 3.15pm during a blizzard. But no-one was injured. An AAD spokeswoman said the ship remains watertight…
Kongsberg Appoints New Managing Director
Leif Kristian Weum has been appointed to the position of Managing Director of the Kongsberg Maritime Sales and Service office in Athens, Greece. Kongsberg Maritime Hellas SA is a key Sales & Customer Support office established to serve the significant number of Greek shipping companies, located in the Athens area. Having served on the Kongsberg Maritime Hellas SA Board of Directors since the office…
Are You Ready for Container Weighing?
Hutchison Ports (UK) Limited in its latest ship2shore Magazine takes a look at methods of weighing containers. Half a century after containerization first emerged to transform the world of shipping, a landmark new regulation is on the horizon. From 1 July 2016, an amendment to the SOLAS (Safety of Life at Sea) Convention will require every packed export container to have its weight verified before it is loaded on to a ship.
A Mega(Ship) Year at Felixstowe
The Port of Felixstowe welcomed 105 calls last year by container ships of over 18,000 TEU, including all the largest container ships in the world. It is now firmly established as the UK port of call for these giants of the sea. The year of mega-ships started in January with the maiden call of the CSCL Globe which, at 19,100 TEU capacity, set a new world-record as the largest ship then in service. The record was short-lived however…
Maersk Sees Rise in Asia Trade Volume
The world's biggest container shipping line Maersk Line by capacity estimates up to a 15% increase in container volumes from Asia to the rest of the world in early 2016, which could indicate that industry demand is on the rise, despite recent issues with weak demand and swelling overcapacity, according to The Wall Street Journal. Robbert Van Trooijen, CEO of Maersk Line Asia Pacific, said, “There has been more demand certainly this time around than it was last year.
MISC Buys Back 50% Equity in Gumusut-Kakap for $445mln
Malaysian state-owned shipping company MISC has bought the remaining 50% stake in the Gumusut-Kakap Semi-Floating Production System Limited (GKL) for $445m from E&P Venture Solutions (EPV), part of Petronas Carigali. GKL, a wholly-owned subsidary of PETRONAS Carigali Sdn Bhd (PCSB), owns the Gumusut-Kakap semisubmersible floating production system (FPS), which is now on a 25 year charter with Sabah Shell Petroleum Co. - a unit of Royal Dutch Shell plc. - that commences October 2014.
Cambodia Mulls Buying Chinese Warships
The Phnom Penh Post reported that Cambodia was in negotiations to buy two 140-metre heavy warships armed with modern weapon systems from China, citing the commander of the Royal Cambodian Navy. According to a speech given by Royal Cambodian Navy Commander Vice Admiral Tea Vinh at a meeting with China’s Rear Admiral Yu Manjiang Cambodia is considering purchasing two Chinese warships. The plan, however, has yet to be approved by the government.
AWO Hails DHS Subchapter M Approval
Regulations Now in Final Stage of Administration Review. The American Waterways Operators, the national trade association for the tugboat, towboat and barge industry, hailed the Department of Homeland Security’s approval of the U.S. Coast Guard’s rule to establish an inspection regime for towing vessels at 46 CFR Subchapter M. The Subchapter M rule is now under review at the White House Office of Management and Budget…
McDermott, L&T Enter Agreement for India Deepwater Market
McDermott International, Inc. (NYSE: MDR) signed a long-term exclusive agreement with L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, focused on subsea projects offshore the east coast of India. “This exclusive agreement further strengthens the relationship between McDermott and LTHE, both companies that have successfully cooperated on several earlier projects in India and…
Texas Ranks Third for U.S. Maritime Jobs, Houston No. 2
Texas ranks third among all states for domestic maritime jobs with Houston ranked second among all U.S. cities for its contribution to the U.S. maritime industry, according to a new study PricewaterhouseCoopers (PwC) for the Transportation Institute and released by the American Maritime Partnership (AMP), the voice of the U.S. domestic maritime industry. The domestic maritime industry, comprised of the vessels which move cargoes between American ports…