Port Manatee Container Volume Up 36%
Port Manatee’s growth as a cargo gateway continues, with the Florida Gulf port reporting a 36 percent year-over-year increase in containerized cargo handled in the first half of its fiscal year. During the six-month period from Oct. 1, 2015, through March 31, 2016, Port Manatee docks saw moves of 12,653 twenty-foot-equivalent container units (TEU), up from 9,321 TEUs in the comparable year-earlier fiscal half. Import TEUs led the way, increasing 40 percent, to 7,398 TEUs from 5,291 TEUs.
Australia and Indonesia Unite to Patrol Fisheries
Illegal fishing was the focus of a joint operation between Australia and Indonesia that concluded in Bali on April 5. The fifth coordinated maritime security patrol, AUSINDO CORPAT 2016, had elements of the Australian Defense Force unite with the Indonesian Armed Forces in the waters between Australia and Indonesia over the past 10 days to target the exploitation of natural resources, specifically illegal fishing.
China Rebuffs Vietnam Criticism of Rig Move
China's Foreign Ministry on Friday rebuffed Vietnam's second demand this year to move a controversial oil rig and drop plans to drill in South China Sea waters where jurisdiction is unclear…
Philippines gets U.S. Aid Boost amid South China Sea Spat
The United States has allocated more than $120 million in military aid to the Philippines this year, the biggest in about 15 years, a senior Filipino diplomat said on Friday, amid rising tension with China over the disputed South China Sea. Jose Cuisia, Manila's ambassador to Washington, said Manila was also in talks with the United States to acquire a fourth Hamilton-class cutter to strengthen the Philippine capability to patrol the waters. "We got the largest-ever allocation from the U.S.
Asia Tankers-VLCC Rates Fall on Reduced Demand
MidEast VLCC rates fall nearly 30 Worldscale points this week; port congestion in Basra, China adding to market uncertainty. Freight rates for very large crude carriers…
UN Deal Sends More Migrants to Turkey from Greece
Two ferries carrying more than 120 migrants returned to Turkey from the Greek island of Lesbos on Friday, in the second round of arrivals under an EU deal with Ankara…
Greece Seals Sale of Piraeus Port to COSCO
Greece is to sell its biggest port Piraeus Port Authority to shipping group China COSCO Shipping Corporation, marking the second major privatisation for the country since late last year. The port sale had been halted by the leftist government of Alexis Tsipras when it won elections in January last year but it was resumed under Greece's 86 billion-euro bailout deal agreed with its euro zone partners in August.
J D Neuhaus Showcase SS Air Hoist Concept
Materials handling specialists J D Neuhaus (JDN) are set to present their concept study of a new stainless steel air hoist at the CeMAT 2016 international exhibition. This is the world’s leading trade fair for supply chain management and intralogistics, which takes place in Hannover, Germany on 31 May to 3 June. Exhibiting as part of the Cranes Pavilion in Hall 27 (Stand D68), the company will also be promoting its class-leading service capabilities…
EMGS 1Q 2016 Vessels Update
Electromagnetic Geoservices ASA (EMGS) releases information on vessel activity and utilisation 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on contracted or multi-client data acquisition. Downtime (technical or maritime) and standby activities is not included in the utilisation. Vessel utilisation for the first quarter 2016 came in at 55% compared with 76% for the first quarter in 2015.
Barge-Rail Effective, Draws Additional Trains to Portland Port
Piggybacking on the success of the Upriver Container Barge-Rail Shuttle program, Northwest Container Service announced they would increase rail service from twice a month to weekly starting in April. The improvement will benefit shippers in Central and Eastern Oregon. The Port of Portland and other stakeholders have been working to increase the frequency of rail service between Boardman, and Portland, Ore. since upriver barge service resumed in November 2015.
Wärtsilä to Power 8 CSCL Containerships
Wärtsilä has been awarded a contract to supply its Wärtsilä Auxpac 32 generating sets for eight new 13,500 TEU container vessels being built for China Shipping Container Lines (CSCL). Four generating sets are needed for each vessel, making a total of 32 sets in all. The order was placed in March 2016 with Wärtsilä's joint venture company, CSSC Wärtsilä Engine (Shanghai) Co Ltd (CWEC). The ships have been ordered from the Hudong-Zhonghua yard in China.
Damen Delivers Reservoir Dredge Package
The Damen Field Service crew has just returned from commissioning the Barracuda cutter suction dredger in Algeria. The customised Damen Cutter Suction Dredger (CSD) 500 has been delivered with a complete dredging package including a booster station and dredge piping enabling immediate start up. The CSD500 will perform maintenance dredging in a reservoir. As reservoir dredging can be quite a challenge, the standard dismountable CSD500 has been customised.
MANSA’s "Ease of Doing Business" Conference gets Govt. Support
Ministry of Shipping, Government of India has extended its non-financial support to Mumbai and Nhava Sheva Ship Agents Association for its proposed conference on `Ease of doing business’ on Friday, May 6 at the Hotel St. Regis, Mumbai. This was confirmed by a Senior Officer, of the MoS, in a letter to MANSA following the President's request, during a visit to the ministry office to appraise them about the conference and the objective behind the same.
Production of First EnergySail Begins
Automated rigid sail set to bring back wind-assisted propulsion for shipping. Onomichi, Japan – 8th April 2016 – In another important step towards bringing its rigid sail technology onto ships Eco Marine Power (EMP) has commenced work on the production of an EnergySail in Onomichi, Japan. This first ever factory produced EnergySail is being manufactured by EMP's strategic partner - Teramoto Iron Works.
EUROGATE Net Profit Up 13%
EUROGATE can look back on a good financial year, 2015. Despite difficult market conditions the European terminal operators Group increased its net profit by 13.4 percent to EUR 73.5 million (prior year EUR 64.9 million). Container handling at the German EUROGATE locations grew faster than the market. In Bremerhaven, Wilhelmshaven and Hamburg EUROGATE 2015 hit with 8.2 million standard containers (TEU) 1.5 percent more boxes in order as 2014.
TS Taipei Grounding Spill Cleanup to Continue
Debunkering efforts continue for the TS Taipei, which grounded off Shimen, Taiwan last month, causing a large bunker spill after the vessel fractured in the middle.
Wan Hai Surpasses Maersk in Profit
The Taiwanese carrier Wan Hai takes the plaudits with carriers' operating profit margins according to Alphaliner’s survey of the 16 main carriers that published full year financial results for 2015. The report shows that, Wan Hai is the most profitable container line, based on operating profit margins, at 6.3%; followed by Maersk Line at 6%, CMA CGM at 5.8% and OOCL at 5%. These four carriers since 2010 have consistently posted core EBIT margins at around 6 percent above the industry average.
Navig8 Leaseback Pact with with Chinese Financer
Navig8 Chemical Tankers has signed sale and leaseback agreements with China's Bank of Communications Financial Leasing (BCFL) for a quartet of medium range tankers. The for four 49,000 DWT Interline coated medium range tankers being built at STX Offshore & Shipbuilding Co., Ltd, Korea (STX). The four vessels from STX have contractual delivery dates ranging from end March 2017 to end June 2017. Under the sale and leaseback agreements…
Livestock Carrier Greyman Express Delivered
Cosco Guangdong shipyard has delivered the 6th livestock carrier “Greyman Express” to Duch Vroon B.V. Company. “Greyman Express” matches the AMSA latest specification, equipped with a 4500 sq.m kkraal area and could ship 3000 adult cattles and the total length is 134.8 meters and the top speed can reach 17kn. The vessel has a bowknot hull design to make a comfortable environment for the animals during shipment.
TAS Offshore Sees Another Vessel Deal Axed
Malaysia’s shipbuilding and ship repair services firm, TAS Offshore, has received yet another termination of a shipbuilding contract from the same client, this time for an offshore construction vessel (OCV). TAS Offshore’s wholly-owned subsidiary, TA Ventures, received the notice of termination from QMS1 Offshore Services (QMS1). In a filing with Bursa Malaysia, the shipbuilder said the latest contract…