Panama Canal Traffic to Double
The expansion of the Panama Canal will take traffic through the inter-oceanic passage to a new level, which already handles around 6 percent of global trade transportation, its administrator said on Saturday. With the expansion of the canal's width and depth, the volume of traffic will double, as Panamax-class vessels will now be able to pass through, carrying up to 14,000 cargo containers. Jorge Luis Quijano…
MARAD Report: Energy Efficiency & Battery Compartment Design
MARAD released an Energy Efficiency White Paper. The Maritime Administration (MARAD) has announced the availability of the Energy Efficiency White Paper that provides marine vessel owners and operators information on how to evaluate potential investments in efficiency measures and technologies. The white paper outlines the latest energy efficiency measures currently available for marine vessels, including how the technology works…
OOI Community Workshop: Cabled, Endurance, and Station Papa
The Ocean Observatories Initiative (OOI) infrastructure is operational and ocean scientists can now integrate OOI observations into their research proposals and projects. The UNOLS Ocean Observing Science Committee (OOSC) along with OOI’s Science Oversight Committee (SOC) are organizing a workshop that will focus on current and future science addressed by the extensive OOI infrastructure in the Northeast Pacific. This includes the OOI Cabled, Endurance, and Station Papa Arrays.
Brexit – What Does it Mean for Shipowners' Club?
“Uncertainty” has been a very well used word over the past week, following the result of the EU Referendum. The uncertainty that exists in British and European politics is only matched by the uncertainty that exists in British and European economics. What we do not yet know is quite how the UK and EU passporting/trade agreements will be settled following the UK’s exit from the EU. We also do not yet know how regulation will apply post exit.
Tanker Fleet Grows by 203 Units Last Year
The tanker fleet has grown over the past twelve months by another 203 units amounting to 21.9 million dwt, says Gibson's Mid-Year Review of Weekly Tanker Market Report. This follows a period of very limited fleet growth (across all but the MR sector) following a period of reasonable demolition activity at firmer lightweight prices prior to 2015. Of course the strength of the tanker market during the…
First Signs of Healing in the Antarctic Ozone Hole
An international team of researchers led by Susan Solomon at Massachusetts Institute of Technology (MIT) has identified the “first fingerprints of healing” of the Antarctic ozone layer, published this week (30 June 2016) in the journal Science. The team found that the September ozone hole has shrunk by more than 4 million square kilometers — about half the area of the contiguous United States — since 2000, when ozone depletion was at its peak.
APM Terminals Takes Full Control of APM Terminals-Aarhus
Aarhus Service Holding A/S has sold its 40% share in APM Terminals-Aarhus A/S to its JV Partner since the 2010 merger of adjoining facilities in Denmark’s largest port; container volumes have steadily increased over the past four years. Aarhus, Denmark – APM Terminals has reached an agreement with joint venture partner Aarhus Service Holding for the purchase of the remaining 40% of the existing APM Terminals-Aarhus A/S facility…
G E Adds a Kamsarmax Dry Bulk Carrier Jag Ajay
The Great Eastern Shipping Company took delivery of a new building Kamsarmax dry bulk carrier Jag Ajay. Great Eastern Shipping Company Ltd has informed the Bombay Stock Exchange regarding a Press Release dated June 30, 2016 titled: G E Shipping takes delivery of a new building Kamsarmax Dry Bulk Carrier "Jag Ajay". The vessel was ordered by GE Shipping in December 2013 and has been built at Jiangsu New Yangzi Shipbuilding Co. Ltd., P.R. China.
Keep Calm and Carry on for the UK Shipping Sector
On the week after the UK voted to leave the EU, UK Chamber of Shipping Chief Executive Guy Platten says the shipping industry needs to do what it always has done – keep calm and carry on. Fundamentally, and for the time being, nothing has changed. There is uncertainty, yes, but the years of experience and expertise our industry means that we do not undertake kneejerk reactions. It’s a mature response, but more importantly, it’s the right one.
Qatargas, RWE Ink SPA Deal for LNG Deliveries
Qatargas, the World’s Premier LNG Company, today announced a flexible Sale and Purchase Agreement (SPA) with RWE Supply Trading (RWEST), a leading European electricity and gas company. Qatargas will deliver up to 1.1 million tonnes of Liquefied Natural Gas (LNG) per annum to RWEST in North West Europe for seven and a half years. Saad Sherida Al-Kaabi, Qatar Petroleum President and Chief Executive Officer and Chairman of Qatargas Board of Directors…
CMA CGM: Book your Cargo Insurance online
With a one stop shop offer to facilitate your shipping experience, CMA CGM, in partnership with one of the largest marine insurance companies in the world, has developed a Unique Cargo Insurance Program to cover the unexpected and unforeseeable events that may lead to loss or damage of your cargo. CMA CGM press release says that, since June, 20th 2016, this offer is also available in the CMA CGM eBusiness Platform.
Russian Warship made 'unprofessional' Maneuver-U.S. Official
A Russian warship carried out "unprofessional" maritime operations in close proximity to a U.S. Navy ship in the eastern Mediterranean Sea, a U.S. Defense official said on Friday. This is the second time the same Russian vessel has come within close proximity of a U.S. Navy ship this month. On June 17, the Yaroslav Mudryy came within 315 yards (288 meters) of the USS Gravely, an incident U.S. officials called "unsafe and unprofessional," but which the Russian Defense Ministry disputed.