OOCL Cancels October Asia-Mediterranean Sailing
Hong Kong's Orient Overseas Container Line (OOCL) has cancelled the sailing of the Asia-Mediterranean Service in October in response to low demand. Specifically, it will cut the sailing of the EUM Hyundai Tenacity (HNT) 022 W/E (ETA Busan on October 9 in Week 41 on WB and ETA Genoa on November 9 in Week 45 on EB). OOCL also plans to withdraw the Asia-Europe route EUM sailing of the Hyundai Tenacity 022 west/east…
Danaos Reports 25.5% Rise in Income
Danaos Corporation, one of the world's largest independent owners of containerships, has reported net income of $47.7 million for the three months ended June 30, 2016 compared to $38.0 million, for the three months ended June 30, 2015, an increase of 25.5% for the period ended June 30, 2016. Adjusted net income of $94.9 million, or $0.86 per share, for the six months ended June 30, 2016 compared to $68.6 million, or $0.62 per share, for the six months ended June 30, 2015, an increase of 38.3%.
Safe Carriage of Dangerous Goods in Containers
The International Group of P&I Clubs and the shipping line members of the Cargo Incident Notification System (CINS) have recently produced a new set of guidelines for the carriage of calcium hypochlorite in containers. UK Club risk assessor, David Nichol, discusses why it was considered necessary to update guidance for a cargo with a history of being implicated in ship fires as well as the wider problem of the mis-declaration of dangerous goods.
POSCO Daewoo to Supply Marine Equipment to Indonesian Shipbuilder
POSCO Daewoo has signed a memorandum of agreement (MOA) to supply shipbuilding materials worth US$150 million to Penataran Angkatan Laut (PT PAL), Indonesia’s largest state-run shipbuilder, according to a report in Business Korea. Under the contract, the Korean trading company will supply engines and other parts necessary for shipbuilding, and its partner PT PAL is going to build 10 patrol boats and…
Cochin shipyard Plans it Big
The Cochin shipyard Ltd (CSL) has plans to develop a major hub of LNG-based ship building and repair facility that would generate about 3, 000 jobs in the State of Kerala, the Hindu quotes Madhu S. Nair, Chairman and Managing Director of Cochin Shipyard Ltd, as saying. Madhu said that the Indian maritime industry has been lagging behind the global trends due to lack of maritime engineering policies adopted by the sector.
Daewoo Shipbuilding Fights Liquidity Crunch
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) is going all out to secure cash amid growing concerns over a possible liquidity crisis and a widening probe into accounting fraud, reports Korea Herald. DSME, currently under a creditor-led corporate rehab, plans to submit later this week a detailed plan to secure funds to its creditors. According to local reports, the plan may…
Kangnam To Build Minesweepers Ships in India
South Korea's Kangnam Corporation will jointly build 12 mine countermeasure vessels (MCMV) in India in collaboration with India's state-owned Goa Shipyard Limited (GSL), reports Hindustan Times. The project comes under under the Modi government’s Make in India programme and is likely to cost more than Rs 32,000 crore ($4.8 billion). “We are in the final stage of concluding the contract. It should be done in three to four weeks…
KONGSBERG wins EPCI Work for RoPax Ferry
Kongsberg Maritime has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract with Flensburger Schiffbau-Gesellschaft (FSG), a subsidiary of Siem Group. The contract, worth more than NOK 120 Million, covers engineering and maritime technology deliveries to a RoPax ferry for Irish Continental Group (ICG). Kongsberg Maritime together with its wholly owned subsidiary Kongsberg Maritime Engineering (KME) will execute the project.
Six dead in Mexico as Earl Triggers Landslides
Six people died in eastern Mexico on Saturday after they were buried in landslides caused by intense rainfall from the remnants of now-downgraded Tropical Storm Earl, an emergency services official said. The six deaths involved two separate families in eastern Veracruz state, emergency services spokesman Manuel Escalera said. He added that local authorities were continuing to monitor rising rivers and saturated soil that could trigger additional landslides.
KONGSBERG Bags EPCI work for Two Caledonian Maritime Assets ferries
Kongsberg Maritime has been awarded Engineering, Procurement, Construction & Installation (EPCI) contracts with the Glasgow based shipbuilder and marine fabricator, Ferguson Marine Engineering Limited (FMEL). The contracts, worth more than NOK 160 Million, cover deliveries to two 100 meter ferries for Caledonian Maritime Assets Ltd (CMAL). Kongsberg Maritime, together with its wholly owned subsidiary Kongsberg Maritime Engineering (KME) will execute the project.