Australian Port Sold for $7.3 bln to Consortium
A consortium of global and domestic funds, backed by investors including China Investment Corp, agreed to buy Australia's busiest port for a higher-than-expected A$9.7 billion ($7.3 billion), a sign that tough equity markets are helping fuel appetite for infrastructure. Australian leaders will also hope the deal shows they still welcome Chinese investment in infrastructure. The federal government last month blocked the sale of the country's biggest power network…
NASSCO Christens 4th ECO Class Tanker
General Dynamics NASSCO Christens Fourth ECO Class ECO Product Carrier for American Petroleum Tankers. On Saturday, September 17, General Dynamics NASSCO hosted a christening ceremony for the fourth ECO Class tanker for American Petroleum Tankers (APT) under construction at the company's shipyard in San Diego. U.S. Representative Juan Vargas spoke at the ceremony, and the ship’s sponsor, Mrs. Melissa DeVeau, christened the ship with the traditional break of a champagne bottle alongside the ship.
GT USA Adds Warehouse At Port Canaveral
GT USA, operators of Canaveral Cargo Terminal, has expanded its supply chain capabilities to serve shipping lines, along with domestic customers, with the addition of more than 40,000 square feet of covered storage now available at the Marlin Street Warehouse at Port Canaveral. The facility serves as a secure location for general warehousing, providing a full range of logistics services, including trucking, cross docking, storage and inventory control and last mile distribution.
Multi-purpose 9.5m Cabin RIB from ASIS Boats
A maritime Solutions Company in Dubai has just taken delivery of ASIS 9.5m Cabin RIBs for Security Patrol and Pilot Services. The multi-purpose custom built crafts will be used for Dubai International Port Operations on a daily basis. The 9.5m Rigid Inflatable Boats have a heavy duty fiberglass hull and an extra reinforced aluminium cabin superstructure. Deigned and certified under Category “B”, these RIBs have great stability and seaworthiness.
Antifouling Copper Approval Ensures Savings, Performance
Jotun believes the European Union’s decision to approve the use of copper in marine antifoulings will ensure continued delivery of powerful benefits for both the shipping industry and environment. Copper is a key ingredient of most antifouling coatings, valued for its ability to provide the best overall balance of environmental protection and cost savings. By preventing the settling, growth and spread of a wide range of fouling species, copper plays a key role in ensuring clean vessel hulls.
Lifeboat Crew Exchange Hits Fifth Year
For the fifth consecutive year, rescue volunteers from European nations are to participate next week in a seven day Lifeboat Crew Exchange Program organized by the International Maritime Rescue Federation (IMRF). The well-established program will include representatives from 13 countries and nine will host a full exchange seven days in their respective locations with each country able to send seven crew members each going to a different country.
DNV GL & “The Future of Spaceship Earth”
At a presentation this morning at the United Nations in New York, Remi Eriksen, CEO, DNV GL led a presentation on “The Future of Spaceship Earth,” a global forecast on the outlook for the world to 2050. The skinny: The world needs to move further, faster on multiple fronts to ensure the sustainable future of the planet. Calling for “extraordinary action” to achieve the 17 Sustainable Development Goals (SDG’s) as presented in 2015…
Australia settles six years after Barrier Reef accident
Australia on Monday reached a A$39.3 million ($29.66 million) out-of-court settlement with the owners of a Chinese coal carrier that ran aground in 2010 on the Great Barrier Reef.
GPA Marks Record August Box Volumes
At the Georgia Ports Authority board meeting Monday, Executive Director Griff Lynch reported the GPA achieved an August record of 330,846 twenty-foot equivalent container units, a robust increase of 5 percent compared to August 2015. "August container unit volumes were the third highest in the Authority's history, behind April and May 2015 at the height of diverted cargo from the West Coast," Lynch said.
Hurricane Paine forms off Mexico
Hurricane Paine formed in the Pacific more than 300 miles off the coast of Mexico early on Monday and is forecast to begin weakening later in the day, the National Hurricane Center (NHC) said.
Vard Design for USCG OPC Program
Vard Holdings Limited said a design developed by its subsidiary Vard Marine was selected for the U.S. Coast Guard’s new Offshore Patrol Cutter (OPC) program. Eastern Shipbuilding Group and team partners were selected for the detailed design and construction phase for the U.S. Coast Guard’s Offshore Patrol Cutter (OPC) program. Based in Canada and the US, Vard Marine offers ship design, engineering…
Navtor Takes Lead for Autonomous Ship Project
NAVTOR will spend the next three years helping the EU chart a route towards autonomous vessels, as it was selected to represent the maritime industry in the ENABLE project - conceived to prove, verify and validate the safety of autonomous vehicles in Europe. NAVTOR has now received funding to investigate the concept of ‘shore-based bridges’, a crucial steppingstone on the path to autonomy. ENABLE was originally proposed by the car industry…
B&G Vulcan Chartplotter Family Gets Bigger
B&G has introduced the new Vulcan 9 sailing chartplotter – a large touchscreen chartplotter for coastal cruising and club racing sailboats, that provides sailors with incredible value. The new 9-inch chartplotter delivers innovative sailing functionality controlled through a bright intuitive multi-touch screen and easy to use menu structure that makes setting courses, reading wind speed and direction…
Construction of Stockholm Norvik Port Begins
The start of construction of the Stockholm Norvik Port and Norvik Logistics and Business Park was celebrated on 16th September. The ceremony was a well-attended and festive event for both commerce and the general public. Stockholm is one of Europe’s most rapidly growing capital cities and freight volumes are constantly increasing. To facilitate the sustainable and efficient supply of goods to the region Ports of Stockholm is building a new port for rolling goods and container traffic at Norvik…
Medal of Honor for Two Destroyers
In a ceremony at Vaught-Hemingway Stadium, Secretary of the Navy Ray Mabus announced Arleigh Burke-class destroyer, DDG 125, will be named Jack H. Lucas in honor of the Marine Corps hero and Medal of Honor recipient. Mabus also announced that DDG 126 would be named Louis H. Wilson Jr. in honor of the 26th commandant of the Marine Corps who was also a Medal of Honor recipient. During World War II, Lucas…
Freight Rates in Europe-ECSA Trade Continue Declines
Container volumes from North Europe and the Mediterranean to the East Coast of South America have now fallen in 26 of the previous 28 months, with the latest statistics from Datamar showing that shipments fell by 8% year-on-year in July. It is the smaller Med to ECSA trade that continues to experience the largest fall-off in volumes with the Datamar figures showing that exports from the Med were down by 12.2% Y/Y after seven months of 2016 to 117…
MacGregor Bags 7 Middle East OSV Contracts
MacGregor, part of Cargotec, has won comprehensive equipment package contracts for a variety of seven specialist support vessels that will operate in the Middle East region. MacGregor will deliver deck cranes and a range of deck machinery to each vessel. The order is booked into the third quarter 2016 order intake. "These orders are a good demonstration of MacGregor's ability to deliver a one-stop-shop solution, using products from across our range of market-leading brands.
MPA Launches Videotel's Training for Safe Navigation in Singapore Strait
The Maritime and Port Authority of Singapore (MPA) has released a training programme, produced by Videotel, a KVH company, to encourage safe navigation in the Singapore Strait. Carrying an estimated one third of the world’s traded goods, the Singapore Strait is one of world’s busiest shipping lanes the world’s busiest shipping lanes. Recent projections show that maritime traffic is set to increase significantly along this narrow waterway…
Operation Render Safe Brings Safety to Solomon Islands
The dangers posed by explosive remnants of war in the Solomon Islands will again be tackled with the commencement of Operation Render Safe 16 over the weekend. The annual ADF-led Operation Render Safe deployment is Australia’s enduring commitment to the removal of unexploded and abandoned World War II munitions, commonly referred to as explosive remnants of war (ERW), which continue to pose a danger to communities in the South West Pacific.
Vard Design for USCG Patrol Cutter
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of specialized vessels stated that a design developed by its subsidiary Vard Marine has been selected for the US Coast Guard’s new Offshore Patrol Cutter (OPC) program. VARD congratulates Eastern Shipbuilding Group and its team partners on being selected for the detailed design and construction phase for the US Coast Guard’s Offshore Patrol Cutter (OPC) program.