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…
Alaska Juris Sinks, 46 People Rescued
The Fishing Company of Alaska, based in Renton, owns the 238-foot Alaska Juris that started sinking in the Bering Sea shortly before noon on Tuesday, says a report in Seattle Times. Forty-six crewmen from the Seattle-based fishing vessel Alaska Juris have been rescued from lifeboats near the Aleutians, but the fate of their trawler is unclear. There were no reports of any injuries as the crew members were transferred from life rafts to the merchant ships…
No Clues on Hanjin's Financial Health
Cash-strapped Hanjin Shipping Co. sources say that the negotiations with tonnage providers for lower rates are undergoing, but wouldn't say much else. According to Korea Herald, the country's No.1 shipping line has come under growing pressure from its creditors to secure more money to tide over a deepening cash shortage. Hanjin Shipping has proposed raising some 400 billion won ($353 million) via stocks sales to its affiliates…
Russia: 6th Yasen-Class Nuclear Sub
Russia's sixth Yasen-class nuclear submarine will be laid down at the Sevmash ship-building company in the city of Severodvinsk on July 29, reports RIA Novosti. The Navy currently possesses one Yasen-class submarine, the Severodvinsk, with four more vessels of this class under construction and two, including the Perm, yet to be laid down. "The submarine will be called 'Perm.' The laying down of the vessel is timed to take place close to the Navy Day…
Ship Hits Panama Canal
The Panama Canal authority (ACP) says a Chinese container ship’s damaging scrape with the canal’s new wider locks was caused by bad weather, Reuter quotes ACP's administrator, Jorge Quijano. He said that the only problem in the last month involved a China Shipping Container Lines ship, the Xin Fei Zhou, and it was due to intense rainfall and wind and the vessel not lining up correctly. Quijano says it was the only such incident in the widened canal’s first month of operation.
Guzmán Re-elected Harbor Commission President, Long Beach Port
Harbor Commission President Lori Ann Guzmán was re-elected Monday evening to serve a second one-year term leading the board that oversees the Port of Long Beach, the nation’s second-busiest seaport. The five-member Long Beach Board of Harbor Commissioners also selected Lou Anne Bynum as Vice President and Tracy Egoscue as Secretary, continuing in the roles they have served in for the past 12 months.
Keel Laying for Russia's Second Nuclear Icebreaker
Today the Baltic Shipyard in St Petersburg (part of United Shipbuilding Corporation) laid the keel of Ural, Project 22220’s second series-produced nuclear icebreaker. The icebreaker’s body is to be built entirely from shipbuilding steel supplied by OJSC Magnitogorsk Iron and Steel Works ("MMK"). In total, MMK will supply 15,000 tonnes of steel for Ural. MMK metal has also been used in the construction…