Asia-N.Europe Box Rates Plunge
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 17.8 percent to $540 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the second consecutive week with falling rates. Market leader Maersk Line, part of Denmark's A.P. Moller-Maersk, said in May its profit…
IMCA Appoints Bradshaw as Policy and Regualtory Affaris Manager
Strengthening its policy and regulatory affairs team, the International Marine Contractors Association (IMCA) has appointed John Bradshaw as Policy and Regulatory Affairs Manager to lead on worldwide policy and legislative issues, with responsibility for developing and delivering the international trade association’s policy and regulatory strategy, including representing members with regulators and other third parties.
Parrott to Take the Helm as Foss Maritime President
Foss Maritime Company chief operating officer John Parrott will take over the role of president of Foss Maritime, assuming responsibility for the day-to-day operations of the company as of August 1, 2016. Current president and CEO, Paul Stevens, will remain CEO of Foss until the end of 2016. He will then move to Foss' parent company, Saltchuk, where he will serve as senior vice president and managing director.
Port Manatee Sets Course for Growth
A new study report projects cargo volume through Port Manatee will more than double over the next 10 years. The 2016 Port Manatee Master Plan Update, accepted June 16 by the Manatee County Port Authority, provides a strategic vision and framework for continued diverse growth of the port of Southwest Florida for the coming decade and beyond. “We are encouraged by the positive opportunities presented in the master plan update,” said Betsy Benac, chairwoman of the Manatee County Port Authority.
US Navy Warship Undergoes Shock Trials
The U.S. The Independence variant Littoral Combat Ship (LCS) program continues to progress, with the U.S. Navy reporting that USS Jackson (LCS 6) has completed the first of three scheduled full ship shock trial (FSST) blasts – the first ship to do so since 2008. The shock trials are designed to demonstrate the ship’s ability to withstand the effects of nearby underwater explosions and retain required capability. Furthermore, the U.S.
Baltic Index Down on Weak Capesize Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Friday due to lower rates for capesize vessels. The overall index…
Russia Launches ‘World’s Largest’ Nuclear Icebreaker
Russia has unveiled Arktika, touted as the world’s largest and most powerful nuclear icebreaker, during a launching ceremony on June 16 at Baltic Shipyard in St Petersburg. The 173 meter long, 34 meter wide Arktika is the lead nuclear icebreaker ordered by Russia's Rosatom state nuclear agency for navigation through the Northern Sea Route, and more specifically the delivery of hydrocarbons to Asian markets.
nexAir Further Expands Its Southeast US Footprint
Distributor of atmospheric gases and welding supplies, Memphis-based nexAir LLC, announced its merger with 23 Praxair Distribution Southeast, LLC (PDSE) branches…
Total Talusia Optima Receives Approval From Win GD
Lubricants supplier Total Lubmarine has received a no objection letter from Winterthur Gas & Diesel (WinGD) for the use of its cylinder lubricant Talusia Optima with the whole range of Wärtsilä engines. Talusia Optima is a new cylinder lube oil (CLO) suitable for use with fuels ranging in sulphur content from 0-3.5 percent. The product is currently being tested on a range of ships and is expected to be brought to market later in 2016.
SCF Group Secures Funds for New Arctic LNG Tanker
PAO Sovcomflot (SCF Group) and VTB Bank have signed a $260 million 13-year loan agreement, providing financing of construction of an Arctic liquefied natural gas…
US Says It Will Stay in Black Sea despite Russian Warning
The United States will maintain its presence in the Black Sea despite a Russian warning that a U.S. destroyer patrolling there undermined regional security, the U.S. Navy Secretary said. The USS Porter entered the Black Sea this month, drawing heavy criticism from Moscow. Turkey and Romania are expected to push for a bigger NATO presence in the Black Sea at the NATO summit in Warsaw next month. Aboard the USS Mason, another U.S.
Port of New Orleans COO Joins Green Marine Board
Green Marine, an environmental certification program for the North American marine industry, elected Port of New Orleans Chief Operating Officer Brandy Christian to its Board of Directors during its annual conference last month. “Brandy Christian’s nomination shows a high-level of commitment to sustainability from the Port of New Orleans,” said Green Marine Executive Director David Bolduc. “We are pleased to have an administrator with her level of expertise sitting on our Board.
Canpotex Shelves Plans for British Columbia Shipping Terminal
Canpotex Ltd, the potash export sales arm for Potash Corp of Saskatchewan, Mosaic Co and Agrium Inc, said on Friday it would not build a planned shipping terminal at Prince Rupert in British Columbia. Canpotex said the decision was based on economic and commercial considerations and that its export capacity in Vancouver, Saint John and Portland were sufficient. Potash Corp Chief Executive Jochen Tilk…
US Oil Drillers Add Rigs for Third Week in a Row
U.S. drillers this week added oil rigs for a third week in a row for the first time since August, according to a closely followed report on Friday, as producers…
Fincantieri, Rosneft Partner for a New Ship
During the 20th St. Petersburg International Economic Forum, Fincantieri and Rosneft signed a Heads of Agreement for the formation of a joint venture focused on…
Unmanned Surface Vessels: From Concept to Service
Over the next decade the maritime sector is likely to see one of the largest changes since sail gave way to steam. Unmanned Surface Vehicles (USV) are now being considered for various marine roles and the drivers for rapid development are significant. Unmanned or autonomous vessels have passed through the trial and evaluation stage and are now being adopted for civilian and military applications. The…
Giant Cranes Delivered for UK’s New Logistics Hub
Enormous quay cranes, which arrived at DP World London Gateway on Wednesday morning, will enhance U.K. Two more of the U.K.’s most technically advanced quay cranes were brought up the River Thames on Wednesday, completing the sea voyage from China on vessel Zhen Hua 10 via the Cape of Good Hope to arrive at DP World London Gateway Port, just 25 miles from Central London. The new cranes are for the third Berth at the DP World London Gateway container terminal…
This Day In Naval History: June 17
1815 - Commodore Stephen Decatur's squadron engages the Algerian flagship Mashouda near Cape de Gatt, Spain. Though the Algerian frigate maneuvers actively to escape, she surrenders after 20 men, including her commander, are killed. 1833 - The ship of the line, USS Delaware, becomes the first warship to enter a public drydock in the United States when secured at Gosport Navy Yard in Portsmouth, Va. 1870 - Under the command of Lt. Willard H.
New Cargo Ship MV Frijsenborg Calls Port Everglades
Broward County's Port Everglades today welcomed Nordana's newly built cargo ship MV Frijsenborg on the vessel's maiden call to South Florida. Port Everglades Chief Executive & Port Director Steve Cernak and Deputy Port Director Glenn Wiltshire presented a traditional plaque and port challenge coin to Frijsenborg Master Francesco Rafanelli to mark the occasion. Built by Cantiere Navale Visentini of Porto Viro, Italy, the Frijsenborg is 179.46 meters long with gross tonnage of 21,970.
Greece and Canada Partner on Maritime Training
The Vancouver International Maritime Centre (VIMC) and the Department of Shipping, Trade and Transport of the University of the Aegean have signed a signed a Bilateral Agreement to develop faculty and student exchange programs as well as marine-related training initiatives between Greece and Canada. The collaboration aims to boost educational and maritime opportunities between both nations while continuing to build on Canadian-Greek relations.