OOCL Takes Further Step Forward in GHG Reporting
In OOCL’s commitment to environmental protection and data integrity standards, we are pleased to announce that OOCL has taken a further step forward in our Greenhouse Gas (GHG) reporting by extending the scope to container terminals, namely Long Beach Container Terminal, LLC. (LBCT) in the United States and Kaohsiung Container Terminal (KAOCT) in Taiwan. Each year, OOCL ensures that such standards…
Creditors May Give Breathing Room for Hanjin Shipping
State-run Korea Development Bank and other creditors are expected to extend their conditional debt rescheduling program for Hanjin Shipping Co. to stay afloat, reports Korea Herald. This move will give the struggling shipping company enough time to cover liquidity shortage on its own. The ailing company still needs to raise about 1 trillion won ($875 million) to keep afloat. According to sources, KDB may extend the initial Aug. 4 deadline by a month until early September.
12th Chesapeake Tug for Vane Brothers
Chesapeake Shipbuilding Corp. of Salisbury, MD announced it has successfully delivered another ocean going tugboat to Vane Brothers of Baltimore, MD. The boat, named Fort McHenry, marks the 12th tugboat that Chesapeake Shipbuilding has built for the maritime transportation company. Chesapeake Shipbuilding has 5 additional tugboats under construction for Vane Brothers. The Fort McHenry is equipped with twin Caterpillar 3512 main engines producing a combined 3…
Vard Reports High Order Intake from Non-offshore Markets
New order intake of NOK 6.2 billion from contract wins for 19 vessels. Vard Holdings Limited (“VARD”, and together with its subsidiaries, the “Group”), one of the major global designers and shipbuilders of offshore and specialised vessels, today announced its financial results for the second quarter (“2Q 2016”) and first half (“1H 2016”) ended 30 June 2016. VARD is committed to fostering new networks and growing its customer base beyond its traditional core markets…
PGS Revenue Slumps
Petroleum Geo-Services ASA reported revenue fall in their recently released Second Quarter and First Half 2016 Results. It logged a healthy MultiClient Sales and continues to undertake cost reductions. "With the gradual recovery of the oil price from its lows in early Q1, we are starting to see early signs of a stabilizing market and improving sentiment," observed Jon Erik Reinhardsen, President and Chief Executive Officer.
Norsafe, VARD Ink lifeboats Supply Deal
Norsafe has signed a new contract with VARD Group, and will supply lifeboats complete with davit systems to a series of fifteen new vessels. Topaz Energy and Marine has appointed shipbuilder VARD Group to construct fifteen Module Carrying Vessels (MCVs), each measuring 123m long by 16.5m wide. The MCVs will be built at three of VARD’s sites in Vietnam and Romania. Norsafe will deliver two JYN 57 conventional lifeboats with LHD-60 davit systems to each vessel.
ICS Conference to Focus on Shipping Agenda
The International Chamber of Shipping (ICS) will focus clearly on its core agenda this year, with experts from key areas of industry across the board speaking at its 2016 International Shipping Conference, to be held at the British Library on Wednesday 7 September. Principal speakers include Kitak Lim, Secretary-General, IMO; Ian Parry, Principal Environmental Fiscal Policy Expert, International Monetary Fund (IMF); and Esben Poulsson, new Chairman of ICS.
Asia Dry Bulk-Capesize Owners Remain Confident
Number of idle ships down to around 15, from 70 in early 2016 - broker. Freight rates for large capesize dry cargo ships on key Asian routes could nudge lower next week although they are generally expected to remain around the current levels, ship brokers said. "Owners still have confidence in the market," a Shanghai-based capesize broker said on Thursday. That was reflected through the number of idle capesize ships, which were down to 15 vessels this week, the broker said.
Baltic Index Falls for Third Straight Day
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the third straight day on Thursday due to weaker rates for larger vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 10 points, or 1.36 percent, at 726 points. The capesize index fell 31 points, or 3.31 percent, to 906 points.
INTERSCHALT Expands South American Network
INTERSCHALT maritime systems GmbH, a provider of services for communications, navigation and bridge equipment and the maker of voyage data recorder systems, has expanded its service network in South America through the addition of ITEC Electronica Maritima S.A.S, Colombia, and Telnav Telecomunicacoes Navais, Macaé, Brazil. As authorized service partners, ITEC and Telnav Telecom will from now on perform the installation…
TCM Implements Seagull's Competence Manager
Tsakos Columbia Shipmanagement (“TCM”) S.A. has strengthened its collaboration with Seagull Maritime AS to bring its in-house ‘Tanker Competence and Promotion Management…
NAPA Chooses AutoCAD OEM Platform
NAPA and Tech Soft 3D have announced that NAPA Drafting software has been developed using the AutoCAD OEM platform from Autodesk. This allows NAPA Drafting to deliver the market standard in 2D drawing functionality automatically from NAPA 3D databases, enhancing productivity for yards and speeding compliance processes. NAPA Drafting is also able to automatically generate rich 2D section drawings from the 3D NAPA ship model created in NAPA Steel.
RINA Closes Edif Group Acquisition
RINA S.p.A, the holding company of the multinational testing, inspection, certification and consulting engineering group based in Genoa, Italy, has announced that…
KR Boosts Operational Efficiency with Boxship Conversion
The Korean Register has announced that it has successfully completed a feasibility study for the conversion of an 8,600 teu containership into a 10,000 teu vessel.
Fire-fighting ASD Tugs Sail to Argentina
At the end of June, two Damen ASD Tugs 2810 set sail from Damen Shipyards Galati in Romania to Puerto General de San Martin (Argentina) for towing, mooring, and fire-fighting operations in the Argentinian region around Rosario on the Paraná river. Built at Damen Galati Shipyards (Romania), the vessels will be delivered on time, having met the expectations of Cooperativa De Trabajos Portuarios Limitada de San Martín.
Trieste Terminal Selects N4 TOS
Navis has announced a new N4 terminal operating system (TOS) licensing agreement with Italian terminal, Trieste Marine Terminal (TMT). TMT selected the Navis TOS to optimize the terminal’s operational cycle and lower costs. The ultimate goal is to increase TMT’s efficiencies so customers can experience improved productivity. Trieste Marine Terminal located in Trieste, Italy is the only specialized container terminal…
Post-Brexit Exclusion From EU Ports Plan Could Help British Terminals
British ports could gain a competitive edge in tough shipping markets through post-Brexit exclusion from planned European Union regulation of the sector, leading British port officials told Reuters.
GTT Cuts Outlook on Ship Construction Delays
French supplier of systems for marine transportation of liquified natural gas (LNG) Gaztransport & Technigaz (GTT) reported strong growth in its first half results…
First U.S. LNG shipment to cross expanded Panama Canal
The United States will ship its first liquefied natural gas (LNG) cargo through an expanded Panama Canal next week. The waterway shaves distances between export…
Rescuers Recover 17 bodies, pick up 1,128 Migrants
An Irish navy ship recovered 17 dead bodies on Thursday when it went to the aid of migrants packed onto a wooden boat off the coast of Libya, Italy's coastguard said…