Govt Asks Mumbai Port to Compete with Private Ports
Mumbai Port Trust needs to bring about administrative reforms to develop ability to compete with the private ports, said Minister of State for Shipping, Road Transport & Highways, Chemicals & Fertilizers, Mansukh L. Mandaviya on an inspection visit to Mumbai Port Trust. He further expressed a need for the port to have a clear vision and road map for development for next ten to twenty years and appealed to all the stakeholders to work in this direction.
Korean Air Approves Loan for Hanjin Shipping
Korean Air Lines, the biggest shareholder of Hanjin Shipping, has approved a plan to provide a loan of 60 billion won ($54.16 million) to the troubled shipper. The support will be offered on condition of securing Hanjin Shipping's Long Beach Terminal as collateral, Korean Air said. Hanjin Group has pledged to raise a total of 100 billion won ($90 million) in funds to help rescue cargo that is stranded at sea following the failure of Hanjin Shipping, the world's seventh-largest container carrier.
Dry Bulk Insight: BDI likely to stabalise
Drewry expects the Baltic Dry Index (BDI) movements to moderate in September on the back of steady grain, minor bulk and coal trades. However, the iron ore trade is likely to lose its momentum in coming months. The BDI continued its rollercoaster ride into August first falling then rising in the second half of the month. Nevertheless, this progress failed to improve the overall picture, and the average BDI declined by 34 points to reach 673 points.
One Hanjin Ship Cleared to Dock at U.S. Port
A Hanjin Shipping Co container vessel idled off the coast of Mexico after the company's bankruptcy has received permission to dock and unload cargo at the Port of Long Beach, industry and union officials said Friday. Authorization for the Hanjin Greece to enter the port came after bankruptcy courts in the United States and South Korea cleared the way for the company to spend $10 million to unload cargo from four ships headed for ports on the U.S. West Coast.
Cooperation key to Enhancing Maritime Security in Indian Ocean
Further cooperation on maritime security in the western Indian Ocean area was discussed between members of International Maritime Organization (IMO) Secretariat and staff from the EU Critical Maritime Routes Indian Ocean (CRIMARIO). The talk focused on cooperation with Member States to enhance information sharing in the region. They also discussed an EU-funded project to develop an Indian Ocean regional information sharing and crisis management network (IORIS-CMN).
French Prime Minister Manuel Valls Visits CMA CGM
French container shipper CMA CGM received Manuel Valls, Prime Minister of France, the CMA CGM Tower, Group headquarters in Marseille, Friday September 9. The Prime Minister was accompanied by Emmanuelle Cosse, Minister for Housing and Sustainable Habitat, the Regional Prefect and elected officials. Manuel Valls was greeted by Jacques Saade, Founder and CEO of CMA CGM Group, and members of senior management.
Hamburg Port to Implement Green Tech
DNV GL has signed a letter of intent with the Hamburg Port Authority (HPA). Claudia Flecken, Member of the HPA Executive Board, and Torsten Schramm, President of DNV GL – Maritime, agreed to join forces in boosting the sustainability of the existing HPA fleet and all new acquisitions. “This letter of intent is another building block in our strategy of setting Hamburg’s harbour on a sustainable course,” says Jens Meier, Chairman of the HPA Executive Board.
North Sea Decommissioning Forecast to Blossom After Yme Removal
AllSeas recent successful removal of the Yme platform was the first job completed by the Pioneering Spirit – demonstrating that the world’s first single lift vessel (SLV) was back on track after a spate of recent delays. The next decommissioning job for the vessel will be the monumental task of removing the topsides from the Brent platforms, some of which weigh over 20,000 tonnes. Douglas-Westwood…
Shipping to Get Status of infrastructure in India
The Government of India will consider giving shipping the status of Infrastructure in the country and all efforts would be made to improve it’s productivity, says Minister of State for Shipping, Road Transport and Highways, Chemicals & Fertilizers, Mansukh Lal Mandaviya. He was reviewing the activities of Shipping Corporation of India in Mumbai today. The Minister was briefed by the senior officers…
RAstar 3200 for Mauritius Ports Authority
Robert Allan Ltd. has added yet another vessel to its popular RAstar 3200 Series design, this one constructed by Hong Kong’s Cheoy Lee Shipyards for the Mauritius Ports Authority. The RAstar 3200 terminal support tug, Sir Edouard, was delivered August 21, 2016 for operation in the country’s economic, cultural and administrative centre of Port Louis. The tug is named for Prof. Sir Edouard Lim Fat Kt…
Expansion of the RAmparts 3200-CL Fleet
The RAmparts 3200-CL was developed by Robert Allan Ltd. exclusively for Cheoy Lee Shipyards, Hong Kong. Since the first tug of this design was delivered in 2011, Cheoy Lee has delivered over 20 units of this series to its clients around the world. In July, Cheoy Lee was extremely busy with the delivery four more RAmparts 3200-CL tugs to their owners: three of them, Hawksbill, Flatback and Loggerhead for Loreto Maritime Pte. Ltd, Singapore and one, Limin ASD 55, for Limin Marine & Offshore Pte.