COSCO Says Piraeus Port Sale Terms Inconsistent with Deal
COSCO Greece objected on Wednesday to terms submitted to parliament for the sale of Piraeus Port to China COSCO Shipping, saying they were inconsistent with those previously agreed with the Greek privatisation agency. Greece sealed the sale of Piraeus Port Authority to China COSCO Shipping Corporation in April, a major step for the bailed-out country in meeting the demands of international creditors that it step up privatisations.
BP Receives its First Venezuelan Crude Cargo under Swap Deal
Britain's BP Plc this month received a Venezuelan crude cargo from state-run PDVSA, according to Thomson Reuters trade flows data, the first since the companies…
Future LCS Charleston’s Keel Authenticated
A ceremony was hosted to celebrate the keel authentication of the U.S. Navy's future USS Charleston (LCS 18), the ninth Independence variant littoral combat ship, June 28. Charlotte Riley, wife of former Charleston mayor Joseph Riley, serves as the ship's sponsor and honorary member and advocate for the crew. U.S. Rep. Bradley Byrne served as the honorary keel authenticator during the ceremony and was present to weld his initials into the keel plate.
Agthia Signs 25-year Lease in Abu Dhabi
Abu Dhabi Ports and Agthia Group PJSC have signed a lease agreement aimed at expanding the group’s existing Grand Mills Flour and Animal Feed facilities at Zayed Port. The new agreement was signed by Captain Mohamed Juma Al Shamisi, Chief Executive Officer of Abu Dhabi Ports and Iqbal Hamzah, Chief Executive Officer of Agthia Group at Abu Dhabi Ports headquarters. The contract between the two parties incorporates a 25-year agreement for a 85…
Oil Up on US Crude Draw; Brent Back Above $50
Oil prices surged 4 percent on Wednesday, with Brent settling above the psychological $50 a barrel mark, after a larger-than-expected drawdown in U.S. crude inventories.
UASC Shareholding States Vote to Back Hapag-Lloyd Merger
United Arab Shipping Company (UASC) said its six shareholding states backed a merger deal with German container shipping line Hapag-Lloyd AG at a meeting on Wednesday. "Several legal and administrative tasks need to be completed before the binding agreement can be formally signed," it added.
Port Everglades, EPA to Study Air Emissions
Port Everglades has signed a partnership agreement with the U.S. Environmental Protection Agency (EPA) to study air emissions. The EPA's Office of Transportation and Air Quality will work closely with Port Everglades to coordinate research and modeling encompassing all port-related operations, technologies and anticipated growth scenarios. The EPA also intends to develop separate emissions estimates for areas outside the port's jurisdictional boundaries…
List: Top Five UK Ship Owners
Following last week's landmark referendum results, VesselsValue has compiled a list of the top five U.K.-based shipowners and their total fleet value in USD billions.
FMC's Doyle Addresses VGM Rules
U.S. Federal Maritime Commission (FMC) Commissioner William P. On Friday, June 24, 2016, I voted to allow the Port Operations and Safety Discussion Agreement to go into effect pursuant to an expedited review process. The agreement was filed by OCEMA and on behalf of the ports of Boston, Virginia, North Carolina, South Carolina, Georgia and Houston. The initial filing of this agreement by OCEMA contained language that was overly broad, sweeping in nature and indefinite in time.
Maritime Knowledge Hub Opens in the UK
Business owners across the U.K. wanting to drive growth in the maritime sector are being urged to engage with the newly opened Maritime Knowledge Hub in Birkenhead, Liverpool City Region.
China Slams South China Sea Case as Court Set to Rule
An international court said on Wednesday it would deliver a hotly anticipated ruling in the Philippines' case against China over the South China Sea on July 12,…
Hybrid RoPax Ferry Delivered to Royal TESO
Hybrid RoPax ferry Texelstroom has been delivered to Koninklijke N.V. Texels Eigen Stoomboot Onderneming (Royal TESO). This latest generation symmetrical ferry is powered by efficient, medium speed dual fuel engines of Anglo Belgian Corporation (ABC). Texelstroom will be responsible for transporting up to 1,750 passengers and 350 vehicles between the port of Den Helder and the island of Texel. Royal TESO announced on May 8…
This Day In Naval History: June 29
1860 - The steamer USS Mystic, commanded by William E. LeRoy, captures the slaver, Thomas Achorn at Kabenda, Africa and send her to New York. 1862 - During the Civil War…
AWO Authorizes ClassNK to Perform RCP Audits
The American Waterways Operators (AWO) and ClassNK have signed an agreement under which ClassNK will be authorized to conduct audits of AWO's Responsible Carrier Program, a safety management system for towing vessels with which all AWO members must comply as a condition of association membership. The agreement with ClassNK, an international classification society, expands the options for AWO member companies to obtain RCP audits following publication of the U.S.
Williamson Named GM of Donjon-Smit
Donjon-Smit, LLC, an OPA-90 Alliance, announced that after a recent Board of Directors meeting Tim Williamson has been promoted to General Manager of Donjon-Smit, replacing Raymond Lord who recently retired. Williamson has been with Donjon-Smit from its inception and has served in several roles, including IT/Operations Manager, Assistant Salvage Master, Salvage Master and Project Manager in support of Donjon-Smit.
Sea Installer Receives Crane Upgrade
Damen Shiprepair Amsterdam (DSAm) has concluded major modification works on the Sea Installer. The principle scope of work involved the extension of the main crane boom, giving the A2SEA-owned offshore wind farm installation vessel increased reaching capacity: a pertinent point considering the trend of the increasing size of offshore wind turbine components. Other work comprised structural modifications as a consequence of the larger crane.
Waterway Reopened after Barge Grounding
The U.S. Coast Guard has opened the Red River from mile marker 40 to mile marker 42 for vessel traffic, Monday. The Red River had been closed due to a barge that had run aground at mile marker 41…
Radio Holland Wins Contracts for Canadian Coast Guard Vessels
Radio Holland Canada has won two major contracts to support the Canadian Coast Guard. Public Works and Government Services Canada, which is responsible for government procurement, has awarded Radio Holland Canada a multimillion dollar contract to supply Furuno ECDIS and radars for the Canadian Coast Guard fleet over the next five years. In a separate agreement Hike Metal Products of Wheatley, Ontario…
Baltic Index Rises on Greater Vessel Demand
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday, boosted by demand that is driving rates up across vessel segments.
MacGregor to Equip China’s New Polar Research Ship
The Polar Research Institute of China has ordered a new 14,300gt polar research vessel. Designed by Aker Arctic Finland, it will be the first vessel of its type to be built in China, though a shipyard has yet to be named. The 122.5-meter multifunctional icebreaker will be able to handle ice up to 1.5 meters thick, achieving a continuous icebreaking speed of two to three knots. It will have an endurance of 20…