Kim Heng Offshore Inks Pact with Iran Marine
The Singapore-based offshore services provider Kim Heng Offshore & Marine has signed a memorandum of understanding with the Iran Marine Fund (IMF)to provide its technical expertise and financing to Iranian offshore marine and oil & gas projects. Based on the MOU, which was signed by Mehrdad Mozaffari, the IMF managing director, and Tan Keng Hoe Melvin, the general manager for supply chain management in Kim Heng…
Iranian Tankers Free to Enter International Ports
Restrictions on Iranian tankers’ insurance have been removed and the country’s crude carriers are now allowed to enter any oil terminal in the world, National Iranian Tanker Company (NITC)'s CEO Ali Akbar Safaee said. “With the resolution of insurance problems, international insurance institutes have expanded their coverage to Iranian vessels, which can now berth at all ports,”he said. “Accordingly…
Maersk Begins Alang Recycling
Following the Maersk Group's recent announcement of its long-term commitment to create more responsible recycling options in Alang, India an agreement has been reached for the landing of the first two vessels. Maersk Line is to deliver two of its containerships, the Maersk Wyoming and Maersk Georgia, for recycling at the Shree Ram yard, Alang in the Indian state of Gujarat later this month. Maersk says the market for ship recycling is dominated by practices unchanged for decades.
Hili, Peterson Create Mediterranean JV
Hili Company, the logistics division of Hili Ventures, has entered into a joint venture agreement with leading international energy logistics company Peterson to provide oil and gas logistics services across the Mediterranean and North Africa. Peterson offers a comprehensive range of safe, reliable and value added logistics solutions to the global energy industry from locations including the Netherlands, North America and the northeast of Scotland.
APMT Prepares for 20,000 teu Ships on Pacific
APM Terminals, the port terminal operator arm of Danish shipping conglomerate AP Moller-Maersk A/S, has signed an agreement to enlarge 10 STS cranes at its Pier 400 facility in the Port of Los Angeles. The 10 STS cranes will be the tallest in service at any port in the United States, capable of handling ultra-large containerships with capacities of up to 20,000 TEUs, according to port terminal operator APM Terminals.
Japan's Big Three Shipping Lines Form 3rd Largest Alliance
Japan’s three largest shipping companies - Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K Lines (MOL), and Kawasaki Kisen Kaisha (“K” Line) - and three other carriers worldwide will form the world's third-largest container shipping alliance, reports Nikkei. South Korea's Hanjin Shipping, Germany's Hapag-Lloyd and Taiwan's Yang Ming Marine Transport, on Friday agreed to join forces. The new partnership will begin operations in April 2017 for five years, subject to regulatory approval.
Salvage & Wreck Removal Conference Presents an Upbeat Mood
The verdict at the 5th India Marine Salvage and Wreck Removal Conference of Hinode held this time in Mumbai last week was clear and unanimous. The presentations as well as the deliberations highlighted an upbeat atmosphere indicating the growing prospects for salvors on the India’s 7516 KM of coastline and in the surrounding area. The scenario depicts numerous options according to the presentations…
RAN Base commissioned as HMAS Moreton
The Royal Australian Navy (RAN) formally commissioned Navy Headquarters – South Queensland as HMAS Moreton today in a ceremony steeped in tradition. The Governor of Queensland, His Excellency the Honourable Paul de Jersey AC, together with Senators Joanna Lindgren and Chris Ketter, joined the Chief of Navy, Vice Admiral Tim Barrett, AO, CSC, RAN, to mark the significant and rare occasion. “The Navy…
DP World Yarimca Opened
DP World Yarimca has been officially opened for business by the President of the Republic of Turkey, Recep Tayyip Erdoğan in the presence of senior government officials and executives of DP World. President Erdoğan joined the opening yesterday by teleconference in the presence of the Minister of Transport, Maritime and Communications of the Republic Turkey, Binali Yıldırım; Minister of Foreign Affairs of the Republic of Turkey…
Long Beach Port Shipments Decline
Following a solid first quarter, Port of Long Beach container cargo volumes decreased in April compared to the same month in 2015, after lower-than-expected consumer spending in recent months. The decline also reflects evolving vessel alliances that have shifted ship deployments. Overall, Port container cargo volume was down 22.1 percent last month, compared to April 2015. Amid a soft retail climate in the U.S.