Sluggish Freight Movements Have Downside Risks
Global distillate markets remain heavily oversupplied but the glut will not clear unless the world economy avoids recession and there is a renewed acceleration in freight demand. Recent data have been mixed. The consumer side of the U.S. economy appears to be strong but the industrial side is still struggling, and in the rest of the world growth appears to be slowing. U.S. freight movements picked…
Interferry Acts on RO/RO Deck Fire Safety
In response to a string of major incidents, Interferry has produced operational best practice guidance for fire safety on ro-ro vehicle decks. These measures, which aim to to enhance fire prevention…
Trelleborg Hosts Technical Seminar for Hong Kong
Trelleborg’s marine systems operation hosted a technical seminar for the Hong Kong Institute of Vocational Training Council’s Department of Construction on February 25 at the company’s factory in Singapore. Attended by lecturers from the largest vocational and professional education and training provider in Hong Kong, the seminar saw experts at Trelleborg discuss the latest in integrated berthing and mooring systems for ports and terminals…
WSS to Supply Gas Detectors for COSCON Container Fleet
Wilhelmsen Ships Service (WSS) has signed a contract with COSCO Container Lines Co. Ltd (COSCON) to supply its Unitor multi-gas detectors to the company’s expanding container fleet. The deal, worth more than $200,000, covers 70 vessels, including 20 newbuilds scheduled to launch between now and 2018, plus a five-year service agreement to maintain the detection units. “WSS have consistently delivered the products and service solutions our business demands…
CLIA Joins World Ocean Council
Cruise Lines International Association (CLIA) has partnered with the World Ocean Council (WOC), an international business leadership alliance dedicated to Corporate Ocean Responsibility.
Safety Violations Halt Three Fishing Voyages
Three commercial fishing vessels operating throughout Puget Sound were ordered to return to port Wednesday after U.S. Coast Guard boarding teams discovered multiple safety violations.
Hapag-Lloyd Included in SDAX Index of Deutsche Börse
Hapag-Lloyd will become a member of the SDAX index of Deutsche Börse. This was announced by Deutsche Börse after a regular review of its indices. The SDAX is a German Blue Chip Equity Index and contains 50 companies listed in the Prime Segment of Deutsche Börse which follow the 30 DAX and the 50 MDAX companies with regard to free float market capitalization and order book turnover. Other members of the SDAX family are for instance Puma, Schaeffler, Heidelberger Druckmaschinen, HHLA and VTG.
Baltic Index Up on Improved Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday, supported by increased demand for panamaxes and smaller vessels.
EU Targets Improved Port Efficiency
Draft rules designed to boost the efficiency and cut the cost of services supplied at EU maritime ports, such as mooring and towage, were voted by Parliament on Tuesday. Ensuring transparency in the setting of fees for using port services and infrastructure, and in any public funding that ports receive, should help to prevent price abuse and market distortions and thus boost trade, MEPs say. But current port service arrangements could remain, provided they meet minimum requirements, they add.
Danelec Marine Opens Distribution Hub in Denmark
Danelec Marine has opened a new European distribution center in Copenhagen. Managed by GEODIS, a global supply chain command company, the distribution center will…
This Day In Naval History: March 10
1783 - The last naval action of the American Revolution takes place when the Continental frigate Alliance, commanded by Capt. John Barry, battles HMS Sybil south of Cape Canaveral, Fla. Sybil is damaged in the fight and returns to the two warships that did not join in the battle. 1933 - The Pacific Fleet provides assistance after an earthquake at Long Beach, Calif. 1943 - USS Savannah (CL 42) and USS Eberle (DD 430) intercept German blockade runner Karin in the South Atlantic.
Kirby Buys Seacor’s Inland Tank Barge Fleet
Kirby Corporation has agreed to purchase the inland tank barge fleet of SEACOR Holdings Inc. from subsidiaries of Seacor for approximately $88 million in cash. The asset purchase will consist of 27 inland 30,000 barrel tank barges and 13 inland towboats, plus one 30,000 barrel tank barge and one towboat currently under construction. Also, as part of the agreement, Kirby will transfer to Seacor the ownership of one Florida-based ship docking tugboat.
Indian Firms Plan to Sign Oil Deals with Rosneft
India plans to sign energy deals with Russian oil major Rosneft next week to buy stakes in Siberian fields, two sources privy to the deal said, as New Delhi accelerates…
China's Manmade Islands Project 'Substantial Offensive Power'
China will be able to project "substantial offensive military power" from artificial islands it has built in the South China Sea's disputed Spratly Islands within months, the director of U.S.
Gunvor Exports Its First US Crude Cargo
Swiss trader Gunvor Group Ltd is joining a chorus of trading houses in exporting U.S. crude, marking the latest cargo to leave U.S. shores just months after Congress…
Avoiding Snags from Container Weighing Rules
Every human resources professional who is involved in relocating key staff internationally will know how important the smooth movement of household goods can be for transferees. EUROMOVERS International, a global network of moving companies specializing in looking after transferring executives, explains how its members are dealing with a major challenge the industry faces in 2016 that threatens to disrupt the shipping of household goods worldwide.
Sunken Dry Dock Removed from Honolulu Harbor
A damaged dry dock vessel has been removed from Honolulu Harbor last month after electrical problems caused the vessel to sink in September 2015, the Hawaii Department of Transportation (HDOT) announced. The dry dock, named Kapilipono, took on water and sunk in its berth on September 9, 2015 due to an electrical malfunction. In the following months, recovery plans were activated, the water was removed and the vessel was refloated in January.
USCG Seeks Input for Coastal Navigation Study
The U.S. Coast Guard said it is seeking input from commercial and recreational mariners for an assessment of navigation requirements on the Atlantic and Gulf seacoast.
Charleston-Charlotte Intermodal Link Improved
South Carolina Ports Authority announced plans to enhance international intermodal rail service between the Port of Charleston and the Charlotte Regional Intermodal…
MSC Adds Direct Call at Hazira
The Mediterranean Shipping Company (MSC) said it has adjusted coverage on its South Africa service with the introduction of a weekly direct call at Hazira, in addition to Nhava and Mundra. MSC’s updated India-South Africa service port rotation is as follows: Salalah - Jebel Ali - Bin Qasim - Mundra - Nhava Sheva - HAZIRA - Colombo - Port Louis - Durban - Coega - Salalah. The South Africa service operates with six vessels with vessel capacity of up to 5,400 TEU.