Seaway Opens 58th Navigation Season
The St. Lawrence Seaway Management Corporation (SLSMC) marked the opening of the Seaway’s 58th navigation season today, with the transit of Canada Steamship Lines’ Thunder Bay through Lock 3 on the Welland Canal. The ship, carrying a load of road salt, will be replenishing stocks depleted by ice storms which repeatedly struck Eastern Canada over the winter. “We certainly welcome the warmer weather.
Navig8 Acquires LR2 Tanker from Sungdong
Navig8 Product Tankers Inc. an international shipping company focused on the transportation of petroleum products, today announced that it has taken delivery of the Navig8 Sanctity, a 110,000 DWT LR2 tanker, from Sungdong Shipbuilding & Marine Engineering Co., Ltd. (“Sungdong”). The Navig8 Sanctity is the second vessel to be delivered under the sale and leaseback arrangements entered into with Ocean Yield ASA (“Ocean Yield”) announced on July 13, 2015.
SCF's Profit Zoom Fourfold
SCF Group (PAO Sovcomflot) reported steep jump in their net profit to USD 354.5 million from USD 83.9 million in the earlier year. Its gross revenue increased by 7.6 per cent to USD 1,483 million (2014: USD 1,378 million) and its time charter equivalent revenue rose by 18.8 per cent to USD 1,240.1 million (2014: USD 1,044.0 million). The company said that its total future contracted revenues amounted to USD 8.5 billion.
Kongsberg GlobalSim Management Buyout
Kongsberg GlobalSim, the wholly owned land-segment crane simulation subsidiary of Kongsberg Maritime is to become an independent business following a management buyout announced on 21st March 2016. The buyout will enable GlobalSim to focus on its core port crane, construction crane, military crane, and other heavy equipment simulator development while KONGSBERG continues to develop its position as a leading maritime and offshore simulation provider.
Mega Ships Menace for Shippers
The Global Shippers’ Forum (GSF) says that the use of mega ships and alliances remain the main problems within the shipping sector. The popular belief is that larger ships and alliances are good for competition because of the benefits they give, but the reality is that there are added costs due to the negative externalities they impose on others, says Chris Welsh, general secretary of GSF. The restriction…
CMA CGM Offers a New Direct Connection with La Reunion on its ASAF Service
CMA CGM announced that a new call at Pointe des Galets (La Reunion) will be introduced on its ASAF service, connecting Asia to West Africa, and operated with 13 vessels of 9,400 TEU. The maiden voyage direct to La Reunion will be operated with m/v CMA CGM TANYA in Xingang on March 22nd, 2016. La Reunion will be reached in 20 days from Shanghai, 16 days from Nansha and 9 days from Southeast Asia. Thru the strategic hub of La Reunion on ASAF service…
Cuba, US Sign Memorandum on Maritime Navigation
Representatives of Cuba and the United States signed in Havana a memorandum of understanding (MoU) on cooperation in areas of hydrography and geodesy to improve the safety of maritime navigation. Ambassador Jeffrey DeLaurentis, the Chief of Mission at the U.S. Embassy in Havana, and Col. Candido Alfredo Regalado Gomez, Chief of Cuba’s National Office of Hydrography and Geodesy (ONHG), have signed the MoU.
US, Cuba Open Doors to Marine Science Cooperation
When Barack Obama became the first president to visit Cuba since Calvin Coolidge, his visit highlighted not only a new course in international relations, but showcased on-going scientific collaborations with the country only 90 miles off the Florida coast. "Ocean currents know no boundaries,” said Billy Causey, regional director of NOAA’s Office of National Marine Sanctuaries' Southeast Atlantic, Gulf of Mexico and Caribbean region.
UN North Korea Sanctions on 4 Black-listed Ships Lifted
According to a Reuters report, the UN Security Council agreed to a Chinese request to remove sanctions on four ships that had been blacklisted for ties to Pyongyang after China secured assurances the vessels would not use North Korean crews. The ships were among 31 vessels sanctioned by the 15-member council on March 2 because they were owned by North Korean shipping firm Ocean Maritime Management Company (OMM).
Ship Runs Aground in Columbia River
A 623-foot Panamanian-flagged bulk carrier Sparna ran aground early Monday morning in the main shipping channel of the Columbia River near Cathlamet, Washington, according to the U.S. Coast Guard. The Sparna has taken on water in void spaces, but authorities believe the vessel's fuel tanks were not damaged in the incident. Coast Guard officials said the 623-foot bulk carrier Sparna ran aground around 12:16 a.m. in the narrow section of the river.
Port Of Hong Kong Volumes Down
Hong Kong port recorded a 16% overall throughput drop in February to 1.2m teu from 1.4m teu in previous corresponding period, accelerating from the 9.6% drop seen in the first month of the year. The container turnover at port since the beginning of 2016 decrease by 12.5% yoy and amounted to 2.86 million TEU. The negative container throughput into the port happened on the background of Chinese economy delay and bad economic environment in the region.