Port of Antwerp Invests for First Time in West Africa
The port of Antwerp and the port of San Pedro in Côte d’Ivoire are to collaborate over the next few years to manage further expansion of this West African entrepot. San Pedro, the leading cacao port in the world, aims to develop at regional level so as to become a logistics hotspot for handling commodities such as fertilisers, cashew nuts and cacao, among other things. Part of the capital cost will be financed by Port of Antwerp International (PAI)…
DNV GL Partners with EXPOSED
DNV GL is partnering with the EXPOSED Aquaculture Operations Centre, with the aim to make fish farming safer and more sustainable. EXPOSED is a Centre for Research based Innovation with the main objective to develop knowledge and technologies for exposed aquaculture operations, enabling a sustainable expansion of the fish farming industry. Developing aquaculture for the future brings together competencies from different branches of DNV GL, including DNV GL Noomas, Maritime and Oil & Gas.
India to Develop Paradip as World-Class Smart Port City
The Ministry of Shipping is planning to develop Paradip as a world class, globally competitive, smart industrial Port City, Joint Secretary (Ports) Pravir Kishn said. The rationale behind developing Paradip as a smart city is that it already has a Major Port and strong mineral resource presence in the region. These factors will make Paradip a hub for Micro Small & Medium Enterprises (MSME). The on…
CMA CGM's Integration of NOL
After successfully acquiring a controlling interest in NOL, CMA CGM has consolidated the Singapore-based company since 14 June, says a press release from the company. Singapore’s Neptune Orient Lines (NOL) is the parent company of container carrier APL. As part of the NOL integration process, CMA CGM reviewed the portfolio of brands deployed on its various lines and concluded that only two brands should be used on each trade. By 30 June, the total stake had risen to nearly 93%.
India's Shipping Sector to Boost Economy of Coastal States
The last two years have marked a new high for the Indian Maritime sector, including the Ports as the Ministry of Shipping is keen to develop the Indian Ports to international standards both in terms of efficiency and infrastructure. Rajive Kumar, the Secretary of Ministry of Shipping, said that “The Maritime India Summit 2016” - first global investment meet conducted by the Ministry- saw very enthusiastic participation from more than 40 countries.
CMA CGM Posts Loss in Q2
Ocean Carrier CMA CGM reported a net loss of $128 million for the second quarter of 2016, compared to a net gain of $156 million for the second quarter of 2015. Its revenue declined to $3.5 billion ($3.3 billion excluding the contribution from Singapore’s Neptune Orient Lines (NOL), the parent company of container carrier APL) from the $4.1 billion in the second quarter of 2015 as the persistent pressure on freight rates drove down average revenue per TEU.
Sovcomflot, ABB to set-up Center at Admiral Nevelskoy MSU
PAO Sovcomflot, Asea Brown Boveri Ltd. (ABB) Company and the Admiral Nevelskoy Maritime State University (MSU) have signed an agreement for research, technological and educational partnership. The document provides for the establishment of the Marine Propulsion Simulation Centre at MSU in Vladivostok. The operations of this centre which will be focused on preparing staff for work on vessels equipped with Azipod propulsion units.
Gondan Launches Second Dual Fuel Tug Built in Europe
Today at Gondan Shipyard in Figueras, at high tide, the second Dual Fuel tug ever built in Europe – and the second of a series of three currently under construction for the Norwegian shipowner Østensjø Rederi - has been successfully launched. Designed by the Canadian company Robert Allan, the new escort tug, with 40.2 meters length and 16 meter beam, will provide tug services to Norwegian state-owned energy company Statoil, at the far-north terminal located at Melkøya.
Tuco Launches Air Supported Vessel
In collaboration with Effect Ships International AS, Norway, Tuco has launched a carbon sandwich Air Supported Vessel (ASV). With the patented ASV concept the vessel "rides on a cushion of air", you can read more about the new arctic workboat here, and see a small movie of the boat above. In collaboration with Effect Ships International AS, Norway, Tuco has launched a carbon sandwich Air Supported Vessel (ASV) Soft Motion Demonstrator.
C-Job Designs Flettner Freighter for Switijnk
Revolutionary Wind Assisted Propulsion design will be applied to 8,000 DWT General Cargo vessel. The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile. The contract follows the substantial media attention for the 4,500 DWT Flettner Freighter (the FF4500) which C-Job Naval Architects developed as part of the European Union Interreg project SAIL.
Virginia Port Update on Handling of Hanjin, CKYHE Cargo
In light of the recent bankruptcy filing by Hanjin Shipping, The Port of Virginia has updated its policies and processes regarding the movement and loading of Hanjin vessels and containers. The following policy is effective as of Sept. Line onto a Hanjin vessel. Line vessels. These restrictions were requested by Cosco Container Lines, "K" Line, Yang Ming Line and Evergreen Line, which with Hanjin, compose the CKYHE shipping alliance.
Royal Vopak to Acquire EXMAR's FRSU Share
EXMAR and Vopak announce that discussions are currently taking place to explore the possibility of an acquisition of EXMAR’s share in its floating LNG storage and regasification business (FRSU’s) by Vopak. As the outcome of these discussions between EXMAR and Vopak is currently unknown, no further details are disclosed. Material updates will be communicated via press releases. Vopak has earmarked storage and handling of LNG/gas as one of its strategic focus areas.
New Senior Staff Appointments at FMC
The retirement of veteran Federal Maritime Commission senior executive Mr. Vern W. Hill, who has served as the Managing Director of the agency since 2013, has set in motion staff changes in three key offices. In consultation with his fellow Commissioners, Chairman Mario Cordero has appointed Ms. Karen V. Gregory to serve as the Commission’s Managing Director and Mr. Peter J. King to serve as the Deputy Managing Director. In their most immediate previous positions Ms.