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.
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…
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…
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…
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…
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…
Bangladesh LNG Terminal Edges Closer
Excelerate Energy L.P. (“Excelerate”), Petrobangla, and the Government of Bangladesh executed the Terminal Use Agreement (“TUA”) and the Implementation Agreement (“IA”) for the construction and operation of Bangladesh’s first LNG import terminal – Moheshkhali Floating LNG. Located offshore near Moheshkhali Island in the Bay of Bengal, the terminal will provide the crucial infrastructure required for the country to access natural gas from global markets.
Damen Fishery Research Vessel for Angola
The Damen Shipyards Group has received an order for a state-of-the-art, 74 m Fishery Research Vessel from the Angolan Ministry of Fisheries. This special vessel, which has Silent-A/F/R Class notation and features a basic design from Skipsteknisk. The Angolan Ministry of Fisheries has been a customer for many years and previously Damen delivered two 62 m Fishery Inspection Surveillance Vessels 6210 and a smaller Fishery Research Vessel (FRV 2808).
Fuel Consumption, Emissions Monitoring Software Updated
As part of the ongoing Blue Star Delos Renewable Energy Innovation Project, Eco Marine Power (EMP) stated that the Aquarius Management & Automation System (MAS) installed on Blue Star Delos has been updated with new fuel oil consumption (FOC) and emissions monitoring software. This updated software combined with the Aquarius MAS hardware allows for fuel consumption data from all flow meters on the ship to be displayed and logged in real-time.
First LNG Vessel Transits Expanded Panama Canal
Today, the Panama Canal marked another milestone with the transit of the first-ever liquefied natural gas (LNG) carrier through its expanded locks. Shell-chartered Maran Gas Apollonia—measuring 289 meters in length and 45 meters in beam—arrived Monday from the Sabine Pass LNG Terminal on the U.S. Gulf Coast, signaling the arrival of the highly-anticipated segment to the waterway. “The transit of the first LNG vessel through the new Panama Canal locks is a milestone in the waterway’s history…
Two SAAM Tugs Christened in Chile
In early June, after a traditional blessing ceremony held in Valparaiso, Chile where SAAM S.A. is based, the company officially puts two more new Robert Allan Ltd. designed RAstar 3200 class tugs Yunco and Huairavo tugs into operation. Representatives of local authorities, the Chilean Navy, key customers, suppliers, executives and staff of SAAM attended the ceremony. SAAM identified these tugs as the ‘most powerful’ harbour tugs in the entire West Coast of South America.
Will UK Maritime Traffic Rise or Fall on Brexit?
UK container traffic will see more muted growth than expected a few months ago, at least in the short term, says Drewry. Patrick Walters, Peel Ports’ Group Commercial Director, believes that the bigger Brexit-related risk for UK container ports is a short-term negative impact on box volumes caused by economic and political uncertainty and GDP slowdown. According to the International Monetary Fund, the Brexit vote implies a substantial increase in economic…
Will Container Lines Skip UK Ports on Brexit?
British importers and exporters prefer direct mainline container services calling at their national ports and tend to dislike feeder services, says a Drewry report. Is there a risk that a politically isolated UK will no longer benefit from direct vessel calls, particularly as there is no longer any large British container carrier based in the UK to champion their cause? Drewry believes that the container lines will continue to call directly at UK ports.
Samil PwC Okays Hyundai's Management Improvement Plan
Hyundai Heavy Industries (HHI) is notified by Samil PwC, a local member of the global accounting firm PwC, that its 3.5 trillion won worth management improvement plan is good enough for HHI to make operating profits and secure liquidity even in the worst case scenario. The announcement is the result of due diligence that had been conducted by Samil PwC for 10 weeks from May 23 this year at the request of HHI’s main creditor banks including the Export-Import Bank of Korea and KEB-Hana Bank.
CMA CGM Reopens Spain to Algeria Service
CMA CGM NAF Lines is re-opening a regular service from Barcelona to Djen Djen on EURONAF service with immediate effect. First Departure: m/v VEGA OMICRON voy. 001OGS ETS Barcelona on July 15th, 2016, ETA Djen Djen on July 19th, 2016. CMA CGM was the first line to launch a container vessel into Djen Djen in October 2013 in order to offer a solution without congestion to its customers used to import via Bejaia.
Piracy Drops to 21-year Low, IMB Reports
Piracy and armed robbery at sea has fallen to its lowest levels since 1995, despite a surge in kidnappings off West Africa, according to a new report from the International Chamber of Commerce’s International Maritime Bureau (IMB). IMB’s global piracy report shows 98 incidents in the first half of 2016, compared with 134 for the same period in 2015. When piracy was at its highest, in 2010 and 2003, IMB recorded 445 attacks a year.
Nigeria Becomes Piracy Kidnapping Hotspot, says IMB
Despite global improvements, kidnappings are on the rise, with 44 crew captured for ransom in 2016, 24 of them in Nigeria, up from 10 in the first half of 2015. The Gulf of Guinea accounted for seven of the world’s 10 kidnapping incidents, with armed gangs boarding vessels 30 to 120 NM from shore. Nigerian attacks are often violent, accounting for eight of the nine vessels fired upon worldwide. IMB says many further assaults go unreported by shipowners.
India Govt Subsidy for Ship Building Industry
Maritime Agenda 2010-20 has inter-alia set a target to increase percentage share of India to 5% in global ship building and 10% share in global ship repair for India by 2020. The Government of India had earlier extended shipbuilding subsidy scheme to all Indian shipyards on 25th October 2002. The scheme expired on 14th August 2007. Government decided in March 2009 to make payments for shipbuilding…
Boeing 767 Shipped by Barge
Marine service provider Marine and Towage Services Group Ltd. (MTS) has completed a charter to deliver a Boeing 767 from Shannon Airport to its new home at the Quirky Glamping site in Enniscrone, Republic of Ireland. MTS said it was selected for the work as its diverse fleet of 30 vessels includes a number of shallow draft tugs that are able to navigate estuarine waterways whilst towing large and complex loads.
New Ferry MV Woods Hole Delivered
The newly built ferry M/V Woods Hole has been delivered to serve Woods Hole, Martha’s Vineyard and Nantucket. Built by Conrad Industries of Morgan City, La., the Elliott Bay Design Group (EBDG) designed ferry is the naval architects’ second design for The Steamship Authority. EBDG's scope for the project included extensive concept design, which proceeded to a design validation with CFD and towing tank development of the hull form…