Chinese yards to Deliver RAmparts Tugs
Robert Allan Ltd. has been hard at work in the Chinese market for the last few years, not only for various shipyard clients, but also for local owners. In addition to major international ports in China such as the Ports of Ningbo, Tianjin, Shanghai and Shenzhen, recent progress has been made on a regional level at the deep-water Port of Cao Fei Dian in northern China’s Bohai Bay in Hebei Province.
Boaterz N’ Bikerz Hull of a Tour 3 is West Bound
After two previous successful motorcycling and boating events in 2013 and 2015, organizers of the Boaterz N’ Bikerz of America Hull of a Tour are back this summer for “Pacific Coast Rush,” a nine-day escorted motorcycle ride from Seattle to San Francisco, including a two-day swing down to Big Sur and Monterey. This summer’s Hull of a Tour 3 event runs July 22 – 30 and is sponsored for the second year by Freedom Boat Club…
NOL Posts Loss
Neptune Orient Lines (NOL), the parent of containerline, APL, narrowed its fourth-quarter loss to US$75.45 million as the shipping company cut costs amid ongoing weakness in the industry. For the full year, NOL swung to a net profit of US$707.2 million, or 27.27 US cents per share, from a year-ago loss of US$259.8 million. Revenue fell 28 per cent during the quarter to US$1.3 billion amid planned capacity cuts…
CMA CGM Acquisition NOL: Aprroval Expected by Mid-2016
CMA CGM acquisition target Neptune Orient Lines (NOL) has made all necessary anti-trust filings and expect that the approvals will come sometime in the middle of 2016. NOL group president and chief executive Ng Yat Chung said NOL, which is being bought out by French shipping giant CMA CGM for $2.4bn, has made all necessary anti-trust filings. On 7 December 2015, CMA CGM S.A. announced a pre-conditional voluntary cash offer to acquire NOL at SGD1.30 per NOL share.
CMA CGM Confirms Alliance Talks
CMA CGM Vice-Chairman Rodolphe Saadé confirmed talks between the French container shipping line and potential partners regarding the future of its alliances, says WSJ. "We are discussing with the new China Shipping Group, but we also discuss with others," he says. Saadé did not give any specifics of the firm’s talks. But as reported by MarineLink (See CMA CGM - COSCO Mega Alliance to Shake-up the Industry?) quoting Alphaliner…
Hapag-Lloyd Returns to Profit Via CSAV
The German shipping line Hapag-Lloyd posted an operating profit of €366m ($406m) in 2015 compared with a loss of €382m a year earlier. The ocean carrier, which merged with the container arm of Chile’s CSAV in late 2014, reported revenue of $9.8bn, up from $9.0bn a year earlier. The boxship owner says it has reached its earnings targets for 2015 as CSAV deal pushed up revenue. Revenue ballooned to…
Shipping Making Progress Towards Sustainability
The Sustainable Shipping Initiative (SSI) is calling on the wider industry to embrace new finance models to fund clean tech upgrades and back calls for a new international framework for tackling shipping emissions. SSI has announced the release of the organization's latest annual report - the document suggests that while there are significant short-term challenges around International Maritime Organisation (IMO) and COP 21 meeting requirements, progress is happening.
Hit-and-Run Container Vessel Caught in Malaysia
A runaway container vessel which was involved in a hit and run accident with two other vessels was seized by the Malaysia Maritime Enforcement Agency (MMEA) DM 7 Tanjung Sedili District in the waters of Tanjung Ramunia. The accident, which took place in the evening Feb 18 in Singapore Strait off Batu Ayam, Malaysia. Tankers TINA 7 and STRAITS 3 were anchored some 2.7 nm off the coast, when passing MV OLF hit them both, inflicting damages.
Succession Fight for Evergreen Heats Up
The feud among the scions of late billionaire Evergreen Group founder Chang Yung-fa's family boiled to the surface, reports local Taiwanese media. The struggle between the heirs to Evergreen Group has escalated as the three older brothers reportedly took drastic measures to undermine their younger brother’s accession to the helm of the family-run shipping and transportation empire. Evergreen Group founder Chang Yung-fa died on Jan.
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…
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…
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…
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.
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.
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…
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.
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.
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.
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…
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.