North Korea Fires Missiles in Show of Force
Missiles flew far enough to reach any part of S.Korea. North Korea fired three ballistic missiles on Tuesday which flew between 500 and 600 km (300-360 miles) into the sea off its east coast…
CMA CGM Adds Weekly India Port Calls
CMA CGM Group announced the launch of two new weekly services, EPIC 1 and EPIC 2, between the Arab Gulf, Pakistan, North West India and North Europe. The current Epic service will make room for the two new weekly services. EPIC 1 offering a direct connection between North Europe and Pakistan – North West India. • EPIC 2 offering a direct connection beetween North Europe and United Arab Emirates, Pakistan and North West India.
US, Chinese Navies Chiefs: Cooperation Needed
Chief of Naval Operations (CNO) Adm. John Richardson met with People's Liberation Army (Navy) (PLA(N)) Commander Adm. Wu Shengli during professional and social events held July 18 at navy headquarters in Beijing. The goal of the engagement was to improve mutual understanding and encourage professional interaction between the two navies. "I appreciate the opportunity to visit China and to meet with Adm.
25 Ports Win AAPA’s Comms Competition
The American Association of Port Authorities (AAPA) will recognize 25 seaports for exemplary communications projects and programs at its annual convention and awards luncheon this fall. Winning entrants in AAPA’s 50th annual Communications Awards Program will be recognized at an Oct. 26 awards luncheon in conjunction with AAPA’s 105th Annual Convention and Expo in New Orleans, which runs Oct. 23-26.
40% Cruise Ships Use Outdated Sewage Treatment Plants
ACO Marine has welcomed the findings reported in the Friends of the Earth 2016 Cruise Ship Report Card, the annual survey of cruise shipping’s impact on the environment, which highlights a growing need for the sector to update its sewage treatment technology. The annual FOE survey, published in June, documented the environmental footprint of 17 cruise lines and 171 cruise ships, finding that a significant proportion of vessels continue to operate out-dated sewage treatment plant.
A Painful Shipping Record – Vessel Scrapping
More containership capacity is being demolished than ever before, including old-design ships made redundant by the new Panama Canal. Drewry checks if this end the current capacity surplus? Now is not a good time to own an old containership. Drewry’s Container Forecaster (June 2016) found that, for the first time, 450,000teu of containership capacity is expected to be scrapped in just one year, as the containership sector recognises that there are far too many ships chasing too little cargo.
Shift in Shipping Market Direction
It has been a year full of turmoil and poor market performance in the shipping markets, yet over the past couple of months both sentiment and real market direction has shifted and along with this so have asset prices of secondhand tonnage, says Allied Shipbroking Weekly Market Report. During this course we have seen some of the lowest levels being reached in the dry bulk market, with asset prices touching close to absolute bottom.
DNV GL Commissions OVRT Test Unit for Wind Turbines
DNV GL adds to its service offering offers in the field of electrical measurement for renewable energy producers with a mobile test laboratory for carrying out “Over Voltage Ride Through” (OVRT) tests. The first measurements have now been successfully started for a major German wind turbine manufacturer at the North German wind turbine test facility Janneby. Further projects have already been commissioned by some well-known turbine manufacturers.
Security Check List for Internet Access at Sea
An increase in internet access at sea will lead to an increased risk of suffering a cyber-attack, says a research report by Protection Vessels International. However, if addressed correctly, this risk can be lowered to sit comfortably within the acceptable risk tolerance levels of an organisation. Britain is a maritime nation. We depend on the sea to trade with others. Over 90% of the world’s trade goes by sea – this figure is 95% for the United Kingdom.
Capesize Index Weakens
Upward moves in the Capesize index are now starting to stall, according to Freight Investor Services (FIS). "Last week we witnessed some short covering in the market which was supported by the technical picture, and this appears to be now drawing to a close," says FIS. The Capesize Index has since started to stall with prices now moving lower, the index seems to be finding resistance at the upper Bollinger band…
Hyundai to Build ITER Vacuum Vessel
Hyundai Heavy Industries (HHI), the world’s largest shipbuilder and a leading industrial plant EPC contractor,won $101.6 million worth of order to supply two vacuum vessel sectors (No.7, 8) for ITER (International Thermonuclear Experimental Reactor). This is an additional order to the one HHI received from the international body in 2010 to build two vacuum vessel sectors (No.1 and 6) and 35 ports out of 53.
Hapag-Lloyd, UASC Signs Merger Agreement
Hapag-Lloyd AG (Hapag-Lloyd) and United Arab Shipping Company S.A.G. (UASC) have signed a Business Combination Agreement (BCA) to merge both companies, subject to the necessary regulatory and contractual approvals. Besides the Business Combination Agreement (BCA) between the two companies, the controlling shareholders, namely CSAV Germany Container Holding GmbH, HGV Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement mbH and Kühne Maritime GmbH on the side of Hapag-Lloyd…
BP Fixes ANS Lifting on Foreign Flagged Vessel
British oil company BP has chartered a foreign flagged vessel to transport Alaskan North Slope (ANS) crude, pending regulatory approvals, a spokeswoman for the company said by email on Monday.
Ghana cuts GDP Forecast
Ghana has cut its 2016 economic growth forecast sharply to 4.1 percent from 5.4 percent due to lower export prices and irregular oil production, Finance Minister Seth Terkper told Reuters on Monday. Oil output was halted between March and May at the offshore Jubilee field due to a breakdown on a production ship, and the country lost millions of dollars in revenue. It has since restarted at a lower rate.
Dark Cloud of Offshore Storage Looms
Glencore books the STI Grace tanker to store fuel at sea-traders. This has not been the summer many oil traders had expected after last year's bumper profits. Banking on more of the same…
Port of Boston Welcomes Largest Cargo Ship to Date
COSCOCS, one of the largest container operators in the world, upgraded its service into the Port of Boston Sunday with a vessel that can carry more than 8,500 TEUs (20-foot equivalent units)…
Med-Black Sea Oil Tanker Rates Weaken After Failed Coup in Turkey
The cost of shipping oil through the Black Sea and Mediterranean fell on Monday after a failed coup in Turkey over the weekend and shipping sources said there were…
Verweij Hoebee Groep Extends Service Portfolio with Management Audits
Verweij Hoebee Groep, a subsidiary of BMT Group, expanded its service portfolio with the introduction of management audits of ship owners. This unique prevention concept goes beyond the standard condition surveys which are conducted on board ships and extends to the examination of both management and technical operations. Director Bruce Verweij explains: “The primary goal is to limit the risk of damage to ships or ships that are under repair.
MTA Grows Portfolio with Magnificent Seven
Maritime Training Academy are adding to its portfolio of training courses with the addition of seven new Diplomas, confirming its position as a world leader in the…
Ships Worsen Air Pollution Over China, Killing Thousands
A boom in shipping is aggravating air pollution in China and other nations in East Asia, causing thousands of deaths a year in a region with eight of the world's 10 biggest container ports, scientists said on Monday. Often overlooked compared to cars and factories that are far bigger causes of smog, ship traffic has more than doubled off East Asia since 2005 and some pollution from the fuel oil of ships wafts inland, they said.