China Merchants Mulls Further Expansion
China Merchants Holdings International (CMHI) has announced plans to invest in 10 overseas ports in regions that include Russia, West Africa and South East Asia. China Merchants Holdings International Co Ltd (CMHI), listed on the Hong Kong Stock Exchange, manages ports and manufactures containers. It is the largest public port operator in China in terms of container throughput, with a market share of roughly 33%.
Maersk to Boost Investments in Ghana
Maersk Group says it is committed to a long-term partnership with Ghana, and will boost its investments in the country. Accroding to local media report, the Maersk Group Chief Executive Officer, Nils S. Andersen, revealed that Maersk is interested in playing an active role in Ghana’s growth through investments in trade, infrastructure and energy. “Together with our partners, we have committed $1.5billion…
341 Ships Traverse Suez Canal Last Week
The Suez Canal traffic data reported that 341 ships traverse the Suez Canal with a total cargo load of 18.88m tonnes from from 4 to 10 March 2016, as per a report in the Daily News Egypt. An average of 48.7 ships transited the canal per day during the past week, with an average load of 2.7m tonnes per day. The average load per ship was about 55,360 tonnes during that period. Prior to the inauguration of the New Suez Canal in July 2015…
ABB debuts Dynamic AC Concept
Zurich, Switzerland, March 14 2016 – ABB, the leading power and automation technology group, is launching a new Dynamic AC (DAC) concept that optimizes engine speed, leading to significant fuel savings. It joins a number of established ABB products, such as Azipod propulsion and the Onboard DC Grid, which maximize energy efficiency for vessel owners. For a large cruise ship, for example, up to 6 percent (or up to 2000 tons of fuel) of annual savings can be achieved by engine speed optimization.
Gazprom in First LNG Bunkering at Rostock
Gazprom Germania GmbH, a subsidiary of Gazprom Export, has carried out its first bunkering of a ship with liquefied natural gas (LNG) at the port of Rostock, Germany. In the early hours of the morning of February 27, 2016, a ship was fueled with LNG for the first time in the southern Baltic Sea. The bunkering took place at Germany’s largest Baltic Sea port. The ship bunkered was the M.V. Greenland, a cement carrier owned by the Norwegian shipping company KGJ Cement AS.
Two Rescued from Sailboat in Hingham Harbor
The Coast Guard rescued a father and son Saturday after their sailboat grounded near Sarah Island in Hingham Harbor. Watchstanders at Coast Guard Sector Boston’s command center were alerted to the distress at about 5 p.m. after the pair used a cell phone to call for help. They explained their recently purchased sailboat grounded while trying to take it across the harbor. They were wearing life jackets but had no radio, no boating safety equipment, and no boating experience.
Wärtsilä, Nigerian BGT Ink Maintenance Deal
Wärtsilä has signed a five-year maintenance agreement with the Nigerian gas transportation company Bonny Gas Transport Limited, (BGT), a subsidiary of Nigeria LNG Limited. Wärtsilä will monitor and service the engines on board the BGT's six new LNG carriers and deliver spare parts, as well as expertise for inspections and major service overhauls. The contract marks the beginning of a new era of cooperation between Wärtsilä and BGT, and is the first of its kind for Wärtsilä in Africa.
Viking Supply Ships lays up 2 PSVs
Due to a continued weak PSV market, Viking Supply Ships A/S has decided to lay up the PSV vessels Sol Viking and Freyja Viking with immediate effect. The decision will reduce the company’s operational costs going forward and will give a positive impact on the results from second quarter 2016.
Wärtsilä Launches WTT-40 Transverse Thruster
Wärtsilä is launching its new Wärtsilä WTT-40 transverse thruster. The first WTT-40's have been ordered and are scheduled for delivery during 2016. This first variant is part of Wärtsilä's new transverse thruster series and features a 4000 kW power level and a 3400 mm diameter controllable pitch propeller, neither of which have been available in Wärtsilä's current product range. While Wärtsilä has designed and built large…
China Plans Maritime "Judicial Center"
China plans to set up an "international maritime judicial center" to help protect the country's sovereignty and rights at sea, its top judge said on Sunday. Giving…
MHI Delivers AIDAprima
Mitsubishi Heavy Industries, Ltd. (MHI) completed delivery of the AIDAprima, the first of two large cruise ships being built for AIDA Cruises at MHI's Nagasaki Shipyard & Machinery Works. A ceremony to mark the occasion was attended by Michael Thamm, CEO of the Costa Group, and Felix Eichhorn, President of AIDA Cruises, representing the new owner, and Shunichi Miyanaga, President and CEO, and Yoichi Kujirai…
Baltic Index Rises in All Vessel Segments
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities continued to rise on Monday helped by improved demand across all vessel segments.
Shell Delivers more Brazil Deep-water Production
Shell and its joint venture announce the start of oil production from the third phase of the deep-water Parque das Conchas (BC-10) development in Brazil's Campos Basin.
Concordia Maritime Signs Time Charter Contract
Concordia Maritime has signed a contract to charter out another P-MAX tanker, Stena Progress. The contract, which comes into effect in April 2016, is for three years. Contract partner is a national oil company. “We are continuing to take advantage of the market momentum by chartering out another of our P-MAX tankers over a longer period. We have now chartered out three of our ten P-MAX tankers over longer periods and are continuously evaluating the possibility of similar arrangements.
GE Brings Latest Technology to Cruise Vessels
GE’s Marine Solutions business is showcasing how its latest technologies are helping future cruise ships to be safer, cleaner and more efficient. “GE is dedicated to delivering innovative technical solutions to drive the cruise industry forward. Our long track record with major cruise lines underlines our strong position as a strategic partner for our customers,” said Tim Schweikert, president & CEO, GE’s Marine Solutions.
Migrant Crisis Pushes Climate Change off EU Summit Agenda
Europe's migrant crisis has kicked climate change off the agenda of EU leaders' talks this week, officials said, prompting accusations from green campaigners that…
MES Delivers Eco Ship Bulk Carrier
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 66,000 dwt type bulk carrier M.V. "DRAFTDODGER" (MES Hull No.1882) at its Tamano Works on March 11…
Sea Level Rise Projected to Displace 13 million in U.S. by 2100
The number of people who could be displaced in U.S. coastal regions due to rising sea levels this century as a result of climate change is much higher than previously thought…
Dantin to Lead Baker Lyman's TSMS Program
Thomas Dantin Joins Baker Lyman as Chief Consultant for Towing Safety Management Systems. Baker Lyman has announced the association of chief consultant Thomas Dantin, well-versed in the towing and maritime industry. “Thomas has spent 40 years in the maritime industry and brings his wealth of knowledge to us,” said Corinne Titus, CEO of Baker, Lyman and Co., Inc. Dantin holds a BA from Nichols State University in Thibodaux…
Seaspan Inks $65 million NSS Contracts
Seaspan Celebrates Signing of Contracts for Offshore Oceanographic Science Vessel and Joint Support Ships. The Honourable Judy M. Foote, Minister of Public Services and Procurement Canada, announced today the signing of two new contracts valued at more than $65.4 million with Seaspan’s Vancouver Shipyards as part of the National Shipbuilding Strategy (NSS) Non-Combat package. The long lead item contracts…