IMO Seeks Hosts for Maritime Technology Centers
An ambitious project to help mitigate the harmful effects of climate change has been kick-started by IMO with a call for formal expressions of interest to host centres to promote cooperation in the field of maritime technology. The joint IMO – European Union project, entitled “Capacity Building for Climate Change Mitigation in the Maritime Shipping Industry” will see five Maritime Technology Cooperation Centers (MTCCs) established…
Antwerp Port's Volume Growth Continues
The port of Antwerp handled 53,265,552 metric tons of freight in the first three months of this year, 3.9 percent more than in the same period last year. The container volume in TEU did particularly well with growth of 4.6 percent, while liquid bulk rose to new heights with growth of 10.6 percent. Overall, last month was the best month ever recorded in the port of Antwerp in terms of freight volume handled.
Vedanta to Re-develop Mormugao Port
Vedanta Limited, India’s only diversified natural resources company today received the ‘Letter of Award’ for Redevelopment of Berth No.8, 9 and Barge Berths at Port of Mormugao, Goa (‘Project’) on Design, Build, Finance, Operate and Transfer (DBFOT) Basis. It was handed over to Vedanta’s Iron Ore business CEO, Mr. Kishore Kumar by I.Jeyakumar, Chairman – Mormugao Port Trust in the presence of Road, Transport, Highways and Shipping Minister Mr.
Austal Wins SCA Safety Awards
Austal USA remains one of the safest shipyards in the country the Shipbuilders Council of America (SCA) announced Mar. Austal’s hard-earned workplace safety record has been recognized, yet again, by the SCA with both the 2015 Award for Excellence in Safety and the 2015 Award for Improvement in Safety –the company’s total recorded incident rate (TRIR) in 2015 was 44% lower than the rate in 2014 and 52% lower than the industry average.
Pirates Take 4 Hostages Near Malaysia
Four Indonesian sailors have been kidnapped by a group of armed men when their vessels was hijacked between the Malaysian and Philippine waterways on Friday evening (Apr 15). According to a statement from the Indonesian Foreign Ministry four of the 10 crew members who were Indonesian nationals were reported to have been abducted by the armed group who were believed to have overtaken the tugboat. Shortly after the incident that occurred in international waters…
Bimco’s Top Priorities For IMO’s Marine Enviroment Protection
BIMCO has shared the two critical issues at the top of its own priority list ahead of the IMO’s Marine Environment Protection Committee (MEPC) meeting next week. These are: (1) approving a mandatory data collection system for fuel used on ships in international trade and (2) tangible progress on the revision of the G8 guidelines for approval of ballast water management systems – to address the concerns that surround IMO’s Ballast Water Convention coming into force in the near future.
French Banks Eye Yamal LNG Project
French banks may participate in lending for the Russia's Yamal liquefied natural gas (LNG) project, a relevant agreement may be signed in 2016, Tass reported quoting Russia's Economic Development Minister Alexei Ulyukayev. "As for French banks - we have made very serious progress there, we are very optimistic about it. I do hope [that the agreement on lending will be signed this year]," the minister said.
India Targets $60 Bln Maritime Investments
Indian Shipping Ministry is targeting to get investments worth $60 billion (nearly Rs 3.99 lakh crore) for a five-year term for 240 projects for the success of the ambitious Sagarmala project. The maiden Maritime India Summit 2016 in Mumbai has resulted in investment commitments of nearly Rs 83,000 crore ($13 billion) in the shipping, ports and allied sectors, Union Shipping Minister Nitin Gadkari said.
India to Add Eight Major Ports
As part of its aggressive plans for port-led development, Union Shipping and Ports Minister Nitin Gadkari said he is looking to add eight major ports to the already existing 12, according to a report by Press Trust of India. "We are planning to add eight new major ports, including the three already announced - at Wadhwan in Maharashtra, Sagar in Bengal and Colachel in Tamil Nadu," he said. India currently has 12 major ports and three more are being developed…
Sagarmala Project to Sail Through 5 Years
India government will speed up the ambitious Sagarmala project from 10 years to five years, said Nitin Gadkari, Minister of Road Transport, Highways and Shipping. “Following Prime Minister Narendra Modi’s intervention, it has been decided to finish Sagarmala project in five years instead of 10 years to create a massive 10 million jobs,” he said. Sagarmala project, aimed at promoting port-led development in India…
Guidelines for Determining Containers Weight - DMA
The Danish Maritime Authority has – in cooperation with a number of business organisations – drawn up three short guidelines on the regulations on the determination of the weight of packed sea containers. In February, the Danish Maritime Authority informed about future regulations on the verification of the weight of packed containers. The regulations apply to ships that initiate an international voyage after 1 July 2016.