Hanjin Ship Unloads, New Funds Pledged
A Hanjin Shipping Co Ltd vessel is finishing unloading in California and scheduled to leave port on Monday, shipping industry officials said, as shareholders and executives associated with the South Korean firm pledged funds to help resolve the turmoil created by its collapse. The Hanjin Greece docked in Long Beach on Saturday after a U.S. bankruptcy court granted it protection and terminal operators agreed to take it.
French Port Workers Join Labor Reform Strike
French CGT trade union port workers will join a nationwide strike against French labor reforms on Sept. 15, the union said on Monday, a move that could disrupt oil…
Wartsila Wins Deal for Four LNG Tankers
Wärtsilä has been awarded a contract covering four newbuild tanker vessels. The ships are to be built at the Avic Dingheng shipyard in China, on behalf of three Swedish owners; Furetank (two vessels), Älvtank, and Thun Tankers, a fully owned subsidiary of Thunbolagen. The vessels will be commercially managed by Furetank Chartering in the Gothia Tanker Alliance. The contracts were signed in the second quarter of 2016.
Major Commercial Fleets Commit to New KVH Broadband Airtime Plans
MIDDLETOWN, RI – September 12, 2016 – KVH Industries, Inc., (Nasdaq: KVHI), is driving a sea change in the way that global maritime fleets are using broadband at sea. The company’s usage-based airtime plans now represent a majority of users on KVH’s global satellite network, mini-VSAT Broadbands, which continues to be the market share leader in maritime VSAT. In recent months, many of KVH’s largest and most important fleet customers have chosen usage-based plans—including Open plans…
Role of ScanFish ROTV in Waste Water Monitoring Surveys
All populated coastlines share a variety of pollution-related challenges. Those municipalities in the USA who engage in the discharge of waste water through ocean outfalls are subject to state and federal regulations requiring them to monitor the quality of the water near those structures and the marine environment beyond them. The City of San Diego in southern California is one such municipality.
Shipbuilding Giants Bid for STX France
Italian shipbuilding giant Fincantieri SpA and Dutch counterpart Damen Shipyards Group are in the running to buy STX France, which has been put on the block by Korean debt-ridden parent STX Offshore & Shipbuilding Co, reports WSJ. Meanwhile, STX Offshore - once the Korea's number four shipbuilder - has submitted a proposal to a court on how to revive its business, according to a report in AFP. STX…
Over the Finnish Line
Finland ratified the IMO’s Ballast Water Management Convention (BWMC), raising the percentage of world tonnage to 35.1441% and the number of ratifying countries to 52. This means that the hurdle of 30 countries representing 35% of the world’s merchant fleet has now been met and on September 8, 2017 (one year from now), the BWMC will enter into force. While the approval process for this new regime – meant to protect local ecosystems from the impacts of invasive species – took a very long time…
Hanjin Collapse: Shippers Look to Fill Gaps
Global shipping giants are now trying to fill the void left by South Korea's Hanjin Shipping. According to Nikkei, Global shipping heavyweights are rushing to open new lines on the trans-Pacific route, seeking to fill the gaps left by Hanjin. Maersk Line and Mediterranean Shipping Company (MSC) - announced earlier this week that they would each deploy six container ships from next week to meet rising demand for the route. CMA CGM has also added a sailing with Sept.
DP World to Address Hanjin Disruption
Dubai ports operator DP World is working with customers to minimise disruption following the collapse of Hanjin Shipping, reports National. About ten ships operated by the Korean company are currently in Dubai’s Jebel Ali Port according to Hanjin data. Two other ships have arrived in Abu Dhabi’s Khalifa Port Container Terminal. "While we don’t publish data on client receivables, following Hanjin Shipping’s decision to file for court protection…
China, Russia Begin South China Sea Drills
China and Russia began week-long joint naval exercises in the South China Sea today. It is the first-ever South China Sea iteration of Beijing and Moscow Joint Sea exercises. The Joint Sea-2016 exercises between the two countries will involve surface ships, submarines, fixed-wing aircraft, helicopters, and amphibious vehicles, according to a Defense Ministry statement issued Sunday. The exercises will conclude on September 19.
Gorgon LNG Cargo Arrives Japan
Tokyo Gas Co has received its first liquefied natural gas (LNG) cargo from Chevron Corp's $54 billion Gorgon export facility in Australia, reports Reuters. The "Energy Confidence" vessel carrying about 70,000 tonnes of LNG arrived on Saturday at the company's Ohgishima LNG Terminal in Yokohama, near Tokyo, a company spokesman said on Monday. Chubu Electric received Japan's first cargo from the project around April, a Chubu spokesman said.