Kokko Appointed Sr.V.P.-Automation & Projects, Kalmar
Kalmar, part of Cargotec, has appointed Tero Kokko Senior Vice President, Automation and Projects as of 1 July 2016. He will report to Antti Kaunonen, current Senior Vice President, Automation and Projects who will start as President of Kalmar as of 1 July 2016. Tero Kokko (Doctor of Technology) has worked for Kalmar since 2011, most recently as Vice President, Intelligent Horizontal Transportation Solutions business line.
RV Polarstern Starts Arctic Season
Scientists from the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI) are setting out with the research vessel Polarstern towards Spitsbergen, to use newly developed equipment in the Arctic Ocean. Autonomous instruments on the seabed, in the water column and in the air will complement the long-term measurements of the deep-sea research group. In this way researchers can…
DNV GL Guideline Trashes Unnecessary Subsea Documentation
Customer-case shows potential for a 40% reduction in engineering hours on subsea paperwork, and up to 80% less documentation. A cross-industry project led by DNV GL to halt the boom in subsea documentation shows that implementing a standardized approach can significantly reduce engineering hours. The two-year collaboration led by DNV GL has concluded in a publicly available Recommended Practice which…
East-West Shippers see Acceleration in Container Contract Rate Cuts - Drewry
Ocean freight rates for cargo moving under contracts on the major East-West trade routes fell by another 18% between February and May, according to Drewry’s Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight rates. The Drewry Benchmarking Club Contract Rate Index, based on average Transpacific and Asia-Europe contract freight rate data provided confidentially by shippers…
Inmarsat to Deliver Fleet Xpress with SpeedCast
SpeedCast International, a provider of high-speed broadband connectivity to the global maritime industry, has entered into a strategic partnership with Inmarsat, positioning Inmarsat’s new Fleet Xpress service, powered by the Global Xpress (GX) network, as a key service within its maritime services portfolio, being fully integrated with SpeedCast’s existing maritime SIGMA gateway and other Value Added Services.
Golar Redesigns Ship Management with BASSnet
Following a comprehensive exercise to insource all ship management functions and to build a fully integrated shipping company, Golar LNG recently chose the BASSnet software as the core building block for the management of its fleet of 23 LNG carriers. Based in Oslo, Golar Management – the ship management unit of Golar LNG – has joined other shipping industry leaders, such as Stolt Tankers, Anthony Veder…
Bouchard Transportation Wins Jones F. Devlin Award
The Chamber of Shipping of America awarded thirty- nine (39) Bouchard Transportation Co., Inc. operating vessels the Jones F. Devlin Award, at the Annual Safety Awards Luncheon in New Orleans, LA. This award further symbolizes Bouchard’s dedicated commitment to safety, and is a true testament to the hard work and devotion their crew and safety department put forth every day to ensure Bouchard always operates safely. B. No. B. No. M/V Barbara E. M/V J. B. No. B. No. B. No. B. No. M/V Marion C.
Piraeus Port Shareholders Okays Sale to COSCO
The buy-out of the Greece's Piraeus Port by Chinese shipping giant COSCO is closer to completion, as shareholders approved a new concession agreement, reports Reuters. Greece had already agreed in April to sell a 67 percent stake in Piraeus to COSCO for $415.7 million. Now that shareholders have signed off on the deal, it heads to parliament and competition authorities for approval. The sale of Piraeus and the country’s second state-owned seaport…
STX Shipbuilding Struggles to Survive
STX Offshore & Shipbuilding may be put under a court-led restructuring scheme, paving the way for the shipyard to avert liquidation, says a report in Korea Times quoting local court. Last month, STX Shipbuilding, once Korea's No. 4 shipbuilder, filed for receivership to stay afloat as its creditors decided to end a similar rehabilitation program for the shipbuilder. The shipbuilder is required to submit its self-rescue plan to the Seoul Central District Court by Sept.
Gard Alert: Yemen – New Port Clearance Procedures
After 5 May 2016, companies responsible for shipping commercial goods or services to Saleef, Mokha and Hodeidah ports in Yemen must obtain port clearance via the UN Verification and Inspection Mechanism (UNVIM). Yemen’s Ministry of Transport has announced that, after 5 May 2015, shipping companies or owners shipping commercial goods or services to ports not under the direct control of the Government of Yemen (the ports of Saleef…
NYK to Buy Into Emas Chiyoda
Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK) has agreed to invest in EMAS Chiyoda, a subsea services joint venture between oilfield services firm Ezra Holdings Ltd and Chiyoda Corp. NYK has reached an agreement with Ezra Holdings Limited (Ezra) and Chiyoda Corporation (Chiyoda) to acquire a 25 percent share of EMAS Chiyoda Subsea Limited (ECS). After NYK’s participation, the shareholding structure of ECS will change to Ezra 40%, Chiyoda 35%, and NYK 25%.
Former Hanjin Shipping Chairman May Get Arrest Warrant
Prosecutors on Sunday sought the arrest warrant of the ex-chairman of Hanjin Shipping, who has been hit with insider trading charges, says Yonhap. Choi Eun-young is specifically charged with violating the Financial Investment Services and Capital Markets Act, according to prosecutors probing the case at the Seoul Southern District Prosecutors' Office. The 54-year-old and her two daughters allegedly sold their stockholding in the Korean line for about about 1 billion won (US$857…
Myanmar Scrambles to Clear Port Jam
The weeks-long traffic jam of cargo ships at the Myanmar’sbiggest port threatens to scare potential investors away and choke off nascent economic growth, says a report in Reuters. The bottleneck at the dilapidated port was caused by a spike in demand for goods as the opening up of the economy accelerates following a historic election win by Aung San Suu Kyi’s National League for Democracy (NLD) in November. “Because of the general growth of the economy we are packed.
Indo-US-Japan Naval Exercise Irks China
The joint military drill by Japan, the US and India being held near the waters of the East China Sea will create more frictions in the disputed area, warns China. The first phase of the drill kicked off on Friday in Japan’s southwestern city of Sasebo, with the second stage due to start on June 14 off the Okinawa Island, Press TV said. The tri-country began their marine war games, Malabar Exercise…