EU's Statement on South China Sea Reflects Divisions
The European Union issued a statement on Friday noting China's legal defeat over the South China Sea but avoided direct reference to Beijing, reflecting discord…
Sovcomflot Buys Nine PRISCO Tankers
Russia’s PAO Sovcomflot (SCF Group) subsidiary SCF Tankers Ltd. has won an auction for nine arctic-going tankers that belonged Primorsk International Shipping Ltd.
MR Tanker Stena Imagination Delivered
Chinese shipyard GSI (Guangzhou Shipbuilding International) has delivered the newly built MR tanker Stena Imagination to 50-50 joint owners Stena Bulk and Indonesian Golden Agri Resources (GAR). She will be operated by Stena Weco and sail in the company’s global logistics system, which currently employs about 60 vessels. Stena Imagination is the seventh of 13 IMOIIMAX tankers ordered by Stena Bulk.
Asia Tankers: VLCC Rates Steady on Drip-fed Cargoes
Freight rates for very large crude carriers (VLCCs) are set to maintain the current levels next week as charterers drip-feed cargoes for August loading into an overtonnaged market, ship brokers said.
SOLAS VGM: Concerns, Impacts and the Road to Compliance
Shipping industry veteran Dan Gardner is director of Mobileweight, which helps to streamline processes and create efficiencies for the container shipping industry. The firm’s first-of-its-kind mobile application and online portal Mobileweight aims to offer a reliable, fast and easy way to comply with SOLAS and electronically file the VGM with ocean carriers. Gardner weighs in on the latest SOLAS VGM requirements which entered force on July 1…
Ocean Signal, AMI Marine Partner
Communication and safety at sea specialist Ocean Signal and manufacturer of marine electronic equipment AMI Marine have formed a new partnership to collaborate on product development for the large commercial vessel sector. Combining the specialist knowledge and extensive technical background of two of the UK’s most experienced marine companies, the cooperation facilitates a unique capability to incorporate the latest technology within new solutions to fulfil demand for next generation…
Higher Rates Continue to Perk Up Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday, boosted by stronger rates across all vessel segments.
This Day In Naval History: July 15
1862 - While CSS Arkansas makes her way down the Yazoo River, she encounters the Union gunboats USS Carondelet, USS Tyler, and USS Queen of the West. In the ensuing battle, CSS Arkansas damages the first two vessels and makes her way into the Mississippi River, where she boldly fights through the Federal fleet to find refuge at the Confederate batteries at Vicksburg, Miss. 1896 - USS Oregon (BB 3) is commissioned.
Japan, Vietnam Agree South China Sea Ruling Must Be Observed
Japanese Prime Minister Shinzo Abe agreed with his Vietnamese counterpart that an arbitration court's decision this week on the South China Sea must be observed…
Asia-N.Europe Container Rates Fall 17%
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 17 percent to $776 per 20-foot container (TEU) in the week ended on Friday, the Shanghai Containerized Freight Index showed according to a source with access to the data. In the week to Friday, container freight rates dropped 20.3 percent from Asia to ports in the Mediterranean, rose 21.9 percent to ports on the U.S. West Coast and were up 8.3 percent to ports on the U.S. East Coast.
Filipino Fishermen Still Blocked from Scarborough Shoal
China's coastguard has prevented Filipino boats from fishing around the hotly contested Scarborough Shoal, Philippine officials said on Friday, after Beijing kept…
Navig8 Acquires Tanker from SPP Shipbuilding
Navig8 Product Tankers Inc. (the “Company”) (N-OTC: EIGHT), an international shipping company focused on the transportation of petroleum products, today took delivery of the Navig8 Pride, a 74,000 DWT LR1 tanker from SPP Shipbuilding Co., Ltd. The Navig8 Pride is the first of four vessels contracted at SPP to be delivered to the Company and is the first vessel to be delivered under the sale and leaseback agreements entered into with CMB Financial Leasing Co.…
Elektrans Selects SDSD Asset Management System
Elektrans Shipping, part of the Elektrans Group have selected and are now implementing the Web based integrated fleet management system, Marine Asset Management System (MAMS). The system, offered by global SDSD Group, a well-known reputable maritime software provider since 1983, is being adopted by the Elektrans Group shipping arm throughout the entire Elektrans fleet and its global offices. The Elektrans…
Zim to Adopt INTTRA eVGM Service
ZIM Integrated Shipping Services, one of the world's leading container shipping carriers, and INTTRA, the world's ocean shipping electronic marketplace, stated that ZIM's implementation of the INTTRA eVGM Service, which will facilitate compliance by ZIM and its customers with the International Maritime Organization's Safety of Life at Sea (SOLAS) Verified Gross Mass (VGM) amendment. As adopted, the…
Wärtsilä in Coalition to Promote LNG as a Marine Fuel
Wärtsilä and other leading marine industry players have formed a coalition, known as SEA/LNG, to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel. The coalition aims to help break down the barriers hindering the global development of LNG in marine applications, thereby improving the environmental performance of the shipping industry. In addition to Wärtsilä, the other partners in the SEA/LNG coalition include Carnival Corporation…
LM2500 Gas Turbine Powers Turkish Navy's MILGEM Corvette
GE’s Marine Solutions announced that the Turkish Navy’s third MILGEM multi-purpose corvette TCG Burgazada was launched powered by a GE LM2500 gas turbine-based propulsion system. The launch ceremony was held in mid-June at the Istanbul Naval Shipyard; a keel laying ceremony was also held for sister MILGEM ship TCG Kınalıada. The propulsion system for TCG Burgazada (F-513) is the same as sisters TCG Heybeliada (F-511) and TCG Büyükada (F-512)…
Incat Crowther Designs NYC's New Ferries
Incat Crowther has designed a new fleet of vessels for Hornblower, the selected operator of New York City’s new Citywide Ferry Service. The undertaking announced by New York City Mayor Bill de Blasio will create a network of ferries serving the entire city by the end of 2018 with a focus on areas that are currently underserved by transit. The new service includes longer runs to the Rockaways in 2017 along with South Brooklyn and Astoria.
First Post-Panamax Reaches SC Ports via Expanded Canal
Today South Carolina Ports Authority (SCPA) welcomed the Hannover Bridge, first post-Panamax size vessel to call Charleston after transiting the newly-opened Panama Canal expansion. "SCPA is already benefiting from the upsizing of vessels in response to the expansion, with 16 of the 26 weekly container vessel calls in Charleston now being served by large ships formerly known as post-Panamax," said SCPA president and CEO Jim Newsome.
Alfa Laval to Help Meet 0.5% Sulphur Fuel Cap
Alfa Laval is ready to help customers meet a global 0.5% sulphur fuel limit, no matter what the outcome of the MEPC70 meeting. The new Alfa Laval PureSOx Global is part of a major expansion of the PureSOx platform that will be released at SMM in Hamburg. Alfa Laval launched the original Alfa Laval PureSOx far in advance of today’s Emission Control Area (ECA) legislation. In the same way, the company…
Two Patrol Vessels Delivered in Nigeria
The construction of M/V Hezekiah and M/V Lady Dora, two 35-meter offshore security patrol vessels, has been completed for an undisclosed client in Lagos, Nigeria. The vessels are designed by Incat Crowther, classed by Bureau Veritas (BV) and were constructed by Veecraft Marine in Cape Town, South Africa. The vessels are slated to provide surveillance, intervention and protection to offshore assets of the Nigerian AGIP Exploration (NAE) located in the Gulf of Guinea.