Elcome to Showcase Latest Technology at Dubai Boat Show
Elcome International, the leading marine solutions provider and system integrator in the Middle East and one of the largest marine technology companies in the world, will showcase a full array of the latest technologies at the Dubai International Boat Show next week. Elcome will feature the new Raymarine Quantum Wireless CHIRP marine radar, the industry’s first recreational radar dome featuring pulse compression technology.
Kapellskär Port Volume Up
The positive trend of increasing freight volumes has continued and during 2015 six percent more freight was transported via the Port of Kapellskär than in 2014. Freight volumes at the Port of Kapellskär increased by six percent in 2015 compared to the figures for the previous year. In 2015 the Port of Kapellskär handled 2,409,000 metric tons of freight. In total Ports of Stockholm, with the Port of Kapellskär and the Port of Nynäshamn included, is the fourth-largest freight port in Sweden.
Loch Ness Monster: Incat Crowther Joins the Search
Incat Crowther has entered into a contract to design a 20m catamaran passenger ferry to ply the waters of Loch Ness in Scotland, taking tourists in search of Nessie, the lake’s the famous monster. Construction of the vessel for Cruise Loch Ness is underway at Exeter Fabrication Ltd in England. The vessel will be the first vessel to be fully designed in Incat Crowther’s Europe office, providing a full service from preliminary design through to functional and production design.
14,000 TEU Ship Enters NYK Fleet
On February 22, a new, advanced 14,000-TEU containership entered the NYK fleet after being delivered at the Kure shipyard of Japan Marine United Corporation (head office: Tokyo; president and CEO: Shinjiro Mishima). The vessel, NYK Blue Jay, employs a hull form that allows for improved cargo-loading efficiency, mainly achieved by minimizing engine-room space. Moreover, the vessel’s main engine is…
NYK Wins Environmental Communication Award
The 2015 NYK Report has been honored with an award for excellence in the environmental reporting category at the 19th Environmental Communication Awards, which are jointly sponsored by Japan’s Ministry of the Environment and the Global Environmental Forum, a non-profit organization based in Tokyo. This is the fourth consecutive year that NYK has been recognized at these awards, following the company’s win of the Sustainability Report Grand Prize (the Environment Minister Award) in 2012…
CMA CGM, GAC Ink Agency, Service Deal
The Scandinavian arm of the world’s third largest container shipping company CMA CGM has signed an agency, husbandry and NOx reporting agreement with GAC Norway for its ships calling at the port of Oslo. The CMA CGM Group has a fleet of 470 vessels serving 400 of the world's 521 commercial ports. In 2015, it transported an estimated volume of 13 million TEUs and vessels from its fleet make 52 calls…
Maiden Voyage for China's First Self-Propelled Floating Dock
China's first self-propelled floating dock Huachuan I began its inaugural sailing recently, which opens a new era, the official People's Liberation Army Daily said. With it, large ships can be repaired at sea instead of only on the shore. It can meet repair demand of all Chinese main battle ships except aircraft carrier. The Huachuan No. 1, would enable the navy to return damaged ships to fighting capability "in very rapid time" and was designed to be sent into combat zones.
Report Calls for Shipping Liners to Consolidate
The need of the hour is consolidation of container ship lines order to regain profitability and to overcome financial struggles, consulting firm AlixPartners says in a new report. The report says that an increased supply of vessels, coupled with the introduction of giant ships, had met with a dwindling demand in the second half of last year resulting to overcapacity, low profitability and reduced cash flow.
UASC Rolls out Indian Service
United Arab Shipping Company (UASC) has launched a new Indian Subcontinent Mediterranean Express Service (IMEX) on 26 February, offering coverage from the Arabian Gulf, Indian Subcontinent and Red Sea into West Mediterranean. This new, fixed–day, weekly service is set to replace UASC’s Middle East Indian Subcontinent Mediterranean - US East Coast service (MINA) that currently operates from Middle East to West Mediterranean and the US.
Overcapacity Catches Box Ship Industry in Undertow
All signs point to a continuation of struggling theme for containerized-ocean-freight industry into 2016 and beyond, warns a study by AlixPartners. The containerized-ocean-freight industry suffered in 2015. Its continuing financial woes accelerated because nearly all key financial indicators declined from 2014. At the heart of the industry’s problems, a persistent global supply-and-demand imbalance is to blame. All signs point to a continuation of that theme into 2016 and beyond.
RSGT Mulls Expansion, Celebrates the Arrival of Al-Nefud
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. Nefud is one of the class of ships that will contribute greatly to lowering UASC’s overall CO2 emissions from its fleet. The celebration included the expansion signing agreement with Archirodon LTD…
BIMCO: Recommended Amendments To Bunker Contracts
As widely reported in the maritime press, the United Kingdom's Supreme Court has granted an expedited hearing to Product Shipping & Trading's case against the collapsed OW Bunker (the Res Cogitans). The hearing will take place on 22 March in London and will deliver the final English law verdict on whether many hundreds of shipowners should pay OW Bunker's assignee ING Bank or pay the physical suppliers.