MOL Makes Fleet-wide Migration to Fleet Xpress
26 July 2016: Inmarsat (LSE:ISAT.L), the leading provider of global mobile satellite communications services, has announced that its partner JSAT MOBILE Communications has signed an agreement with Mitsui O.S.K. Lines (MOL), one of the world’s largest shipping companies, to introduce the newly-launched Fleet Xpress service across the majority of its car carrier fleet. Existing Inmarsat customer MOL says migrating its car carriers to always-on…
Wärtsilä REvolution system takes sealing technology to New Level
The new Wärtsilä REvolution system is a digital management system that controls, monitors, records and analyses the performance of seals autonomously in real time, increasing the predictability and reliability of sealing solutions in rotating equipment. Wärtsilä's new digital management system revolutionises sealing technology in the hydropower industry. The system incorporates machine learning, predictive…
Ecofix Filler Coat Cuts Rudder Repairs Cost
With an increasing trend for thruster and rudder manufacturers finishing their products with self-cleaning protective hard coatings, Antwerp headquartered Subsea Industries has introduced a filler coating for use with its award-winning Ecoshield hard coat system. Ecofix, specifically formulated to provide shiprepairers and Original Equipment Manufacturers with a cost-effective solution for the repair of corroded or pitted steel surfaces…
DP World's H1 Gross Volumes up 1.2%
DP World Limited handled 31.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first half of 2016, with gross container volumes growing by 2.5% on a reported basis, and up 1.2% on a like-for-like basis. Growth in the first half of 2016 was largely driven by a strong performance from our European and Indian subcontinent terminals. Conditions in Australia and Latin America remain challenging while the UAE handled 7.4 million TEU…
U.S. Backs S. China Sea Bilateral Talks
U.S. Secretary of State Kerry says backs bilateral talks; Philippines says dispute does not involve United States. U.S. Secretary of State John Kerry said on Tuesday…
Broad Declines drag Baltic Index down
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday on lower rates for capesize, panamax and supramax vessels.
VesselValue.com: $28.4B Worth of Ships Delivered to Date
As the calendar now indicates we have passed the half year mark on 2016, VesselValue.com offers insight on the number and value of all the 2016 built vessels that have been delivered so far vs how many are still yet to be delivered. To date $28.4bn worth of vessels have been delivered however there is still $43.8bn is left on the orderbook. -- LPG deliveries are on track for the year, with 50% of the 2016 orderbook having been delivered (worth $3.0bn).
DP World's H1 Volumes Rise
Ports operator DP World reported on Tuesday first-half 2016 gross container volumes up 1.2 percent on a like-for-like basis and up 2.5 percent on a reported basis. The Dubai-based company handled 31.4 million twenty-foot equivalent units (TEU) with growth largely driven by strong performances at its European and Indian subcontinent terminals, according to a statement. This growth offset "challenging" market conditions in Australia and Latin America…
Gulf Petrochem Group Expands European Bunker Operations
Gulf Petrochem Group, the UAE based global bunker supplier, has announced that it is now officially offering physical bunker supply in the port of Rotterdam, out of its new office based in Dordrecht. The office will cater to the group’s global customers and provide them with a wide portfolio of marine fuel products such as 380cst and LSGO from two exclusive time chartered barges, the Virage and the Arctic.
Bahri Q2 Net Profit Soars
National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 47.2 percent increase in second-quarter net profit on Tuesday.
BMT to Lead Repower for Historic USCG Eagle
BMT Designers & Planners, a subsidiary of BMT Group, an international maritime design, engineering and risk management consultancy, is leading the effort to repower the historic U.S. Coast Guard training barque, EAGLE. The $1.5M (approx.) project involves engineering, design, supply and logistics support to install a new MTU 8V4000 engine, ZF gearbox, propeller, automation system and other related components. While the vessel is frequently operated under sail by U.S.
Long Beach Awards Sovcomflot for Green Shipping
PAO Sovcomflot earned the Green Environmental Achievement Award from California's Port of Long Beach, recognizing the shipper for its ongoing commitment to environmental stewardship. The company was awarded for its fleet performance by the Port of Long Beach Green Flag Program in 2015. This voluntary program was set up to reduce the atmospheric emissions of vessels by encouraging ships to slow down when approaching the port.
China Joins UN Trucking Treaty
China has taken a major step towards establishing a speedy new "Silk Road" to Europe by signing up to a U.N. trucking treaty. Fifteen years after joining the World Trade Organization (WTO)…
Sunken Barge Impedes Waterway Traffic Near Galveston
A barge sank east of the Galveston Causeway railroad bridge Tuesday, causing the U.S. Coast Guard to issue a safety zone and temporarily restrict traffic on the Gulf Intracoastal Waterway.
New Container Facility at Krishnapatnam Port
Krishnapatnam Port, India's largest all-weather; deep water port on the east-coast of India has inaugurated CONCOR’s - Port Side Container facility – a Government of India undertaking. This event is a significant turning point for the port, as the opening up of the Port Side Container facility will ensure the expansion and growth of the container terminal in the port. It will also help keep the quality of the cargo intact and help in safe and efficient transportation.
LNG-fueled Bulker Ordered from Korea
Hyundai Mipo Dockyard (HMD) has signed a contract to build a 50,000 dwt bulk carrier with ILSHIN LOGISTICS. The project is a collaboration between POSCO and ILSHIN…
Buy and Sell Vessels from a Mobile Device
The maritime software development company SDSD are launching a new web based VSnP - Vessel Sale and Purchase module, enabling Sale and Purchase brokers to buy and sell vessels from anywhere via a smartphone or tablet. VSnP can improve brokers’ trading margins through key features including powerful search and data retrieval, fast matching commercial advices and purchase inquiries, vessel matching with the IHS database or the users’ proprietary data…
China Asks U.S. to Support Resumption of Talks with Philippines
China's foreign minister has asked the U.S. secretary of state John Kerry to support the resumption of talks between China and the Philippines over the South China Sea…
AkzoNobel Acheives ISO 19030 Compliance
AkzoNobel’s Marine Coatings business has outlined for the first time its full compliance with ISO 19030, the new standard for measuring hull and propeller performance.
NASSCO Delivers Garden State to APT
Marking its seventh ship delivery in the span of just over a year, General Dynamics NASSCO has delivered the newly built ECO Class tanker Garden State for American Petroleum Tankers. Garden State was delivered during a special signing ceremony and is one of three classes of ships delivered by the San Diego-based shipyard since June of last year. “In the past year, NASSCO shipbuilders have delivered seven ships – or the equivalent to 100…