Wildcard for 2016 Hurricane Season
AccuWeather reports the potential movement of a 'cold blob' of water in the North Atlantic Ocean may be the wild card in the 2016 Atlantic hurricane season, experts say. The cold blob refers to a large, anomalous area of colder-than-normal sea-surface temperatures, located east of Newfoundland and south of Greenland. "This area of colder water started to show up a few years ago and has become larger and more persistent during the past couple of years…
Viking Sun Construction Underway
A keel laying ceremony was held today for Viking Sun, the fourth of six cruise ships ordered by Viking Ocean Cruises to be built by Fincantieri at its Ancona shipyard. The first building block of the ship, about 11 meters long, 28.8 meters wide and weighing about 280 tons, is part of the central section of Viking Sun, due to delivery in 2017. Viking Sun, as its sister ships, will be placed in the small cruise ship segment.
China Switches on Lighthouse on South China Sea Island
China has begun operating a lighthouse on one of its artificial islands in the South China Sea near where a U.S. warship sailed last year to challenge China's territorial claims.
Huge Tanker Traffic Jam Builds at Basra
Nearly 30 large oil tankers waiting to load at Basra; daily VLCC tanker rates have doubled to nearly $75,000. A traffic jam of nearly 30 large oil tankers has built up outside the Iraqi port of Basra due to loading delays, with some waiting up to three weeks and costing ship operators around $75,000 a day per vessel. Shippers and port sources said more delays are expected throughout April as the city's facilities struggle to cope with Iraq's soaring crude output.
Keppel Bags BRL 500 mln MODEC Project
Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary, Keppel FELS Brasil SA's BrasFELS shipyard has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by its repeat customer MODEC Offshore Production Systems (Singapore) Pte. Ltd., a MODEC, Inc. group (MODEC) company, for a contract value of over BRL 500 million (SGD190 million).
BIMCO, GIIGNL issue Voyage Charter for LNG Trade
BIMCO and the International Group of Liquefied Natural Gas Importers (GIIGNL) have today jointly issued the first definitive voyage charter party – LNGVOY - designed for the expanding LNG spot market. During the development process, BIMCO and GIIGNL consulted with the industry globally to gather a clear picture of how an LNG voyage charter party should work in practice. Careful account was taken of the interests of both owners and charterers to create a balanced and clearly worded agreement.
Europort to Partner IRANIMEX
Europort has become the official and exclusive international partner of IRANIMEX, the leading maritime & offshore exhibition in Iran. The agreement brings together the brand behind the maritime and offshore industry’s most vibrant conference and exhibition, Europort, and the gateway event covering unprecedented industry opportunities in Iran. From 2016, the new partners will combine the blueprint established…
Singtel, Inmarsat Join Forces to Boost Maritime Cyber Security
Singapore and London, 6 April 2016: Singapore Telecommunications Limited (Singtel) and Inmarsat (LSE:ISAT.L) have entered into a strategic partnership to enhance maritime cyber security using Trustwave’s Unified Threat Management (UTM) solution. Trustwave, the cyber security arm of Singtel, will provide the software based UTM service to be integrated with Inmarsat hardware onboard ships, to protect data and reduce cyber risk for maritime companies.
Logistics Mergers Up, Says KPMG
Auditor KPMG says that the mergers and acquisitions (M&A) in the Transport sector will supersede the levels seen in 2015 this year. In 2016, mergers and acquisitions (M & A) in the Transport sector will supersede the levels seen in 2015 by exceeding the £ 52 billion mark, according to KPMG's latest Transport Tracker. The analysis found that the value of completed M & A transactions in 2016 will pass the 2015 mark, which rose for the third consecutive year, to a total of £ 48 billion.
China Cosco to Form Container Alliance
China COSCO Shipping, the result of a merger in February between the country's top two state-owned shippers, is in talks with CMA CGM and several other major operators to create a new shipping alliance, say reports in local media. Wang Haimin, China Cosco’s deputy general manager reportedly said: “We are having further discussions with some related carriers. He did not specify which carriers were involved…
UASC Expands Further in S.America
United Arab Shipping Company (UASC) announced the opening of a new joint-venture agency in Uruguay and participation in this year’s Intermodal South America exhibition, opening today in São Paulo and running until 7th April. These initiatives are part of the carrier’s ambitious growth plans and customer-focused strategy, and highlight the importance of the South American market for UASC. Following…
Atlantic Sail Hits the Water
Atlantic Container Line (ACL) took delivery of Atlantic Sail last week, the second of five new conro (container and roll-on/roll-off) - new G4 generation vessels - ships the company is building as part of its fleet renewal process. The Atlantic Sail will sail from China early in the week of April 4th and will take its place in the company’s transatlantic schedule in early May. The remaining three G4 vessels will all be delivered during this year.
MacGregor Signs Loose Lashing Orders for Twelve Container Vessels
MacGregor, part of Cargotec, will supply loose lashings equipment for twelve 19,200 TEU container vessels under construction in South Korea for a European owner. The equipment is planned for delivery during 2016. The order was booked into first quarter 2016 order intake. The ultra-large container ships are being built at two shipyards. Six have been contracted to Daewoo Shipbuilding and Marine Engineering (DSME) and the remaining six are under construction at Samsung Heavy Industries (SHI).
Indonesia Blows Up 23 Foreign Fishing Boats
Indonesian authorities sank 23 foreign fishing boats on Tuesday (Apr 5), saying they were "operating illegally in the archipelago's vast waters in continuation efforts for anti-poaching", China's Xinhua news agency reported. Indonesian coast guard authorities blew up 23 foreign vessels this week after charging them with fishing illegally in the country’s waters, bringing the number of vessels destroyed by the Government under the policy to more than 170.