CMA CGM sees Opportunity in Hanjin collapse
CMA CGM will look at opportunities in container shipping triggered by the collapse of South Korea's Hanjin Shipping, the French group's vice chairman said on Tuesday. Hanjin, the world's seventh largest container line, filed for receivership last month, leaving more than 100 ships and their cargo at sea. "With the collapse of Hanjin, there will be a wave of consolidation in the sector and CMA CGM is on the look out for opportunities if they should arise," Rodolphe Saade told journalists.
MarineLink.com Gets a Facelift
MarineLink.com – the commercial maritime industry’s longest running online news site, launched a newly designed version today. The new mobile-friendly site features a sleek new look, enhanced search and archive functions, easier navigation, videos and much more. The new MarineLink will bring the latest news and editorial, as well as insightful archives to the palm of your hand. Marinelink.com, has…
First Carrousel-RAVE Tug Under Construction in Hamburg
Construction of the first Carrousel-RAVE tug has begun at Theodor Buschmann Shipyard in Hamburg. This novel design features the Robert Allan Ltd. and Voith Turbo GmbH & Co. KG developed RAVE propulsion with drives arranged inline along the centreline of the hull, and the Novatug patented Carrousel Towing System installed on the main deck. This unique combination of propulsion and towing arrangements results in inherently safer towing and escort operations…
SpeedCast launches SpeedMail+
Press release- SpeedCast International Limited (ASX: SDA), a satellite communications and network service provider, has launched a new maritime email communication solution called SpeedMail+, based on GTMaritime’s flagship new maritime email platform. SpeedMail+ combines SpeedCast’s unrivalled global VSAT and L-Band network with the full suite of GTMaritime’s services, including email, file transfer and anti-virus applications…
Hornblower Flagship Retrofits with Thordon's Shaft Seals
Thordon Bearings’ US West Coast Distributor, Pacific Marine Equipment has successfully completed the installation of a pair of TG100 mechanical propeller shaft seals to Hornblower Cruises & Events’ 1000-passenger capacity twin screw flagship, Inspiration Hornblower. Hornblower, one of the leading river cruise operators in the U.S., operates a fleet of 70 sightseeing and dinner cruise vessels in several cities across the Golden State, the United States and Canada.
RBS Says Starts Winding Down Shipping Business
The Royal Bank of Scotland has begun winding down its global shipping finance business, it said on Tuesday, ending efforts to sell it amid a worsening downturn across the freight industry.
ABTO: Cargo Liquefaction A Problem for Bulk Terminals
The Association of Bulk Terminal Operators has warned that cargo liquefaction – an issue commonly associated with the seaborne transportation of unprocessed mineral ores and concentrates – is also an issue which bulk terminals need to pay attention to. Speaking at the ICHCA ISP76 panel meeting in London last week, ABTO chief executive Ian Adams, said: “The liquefaction of bulk commodities is a serious issue which can and should be managed effectively shoreside.
ABS Updates BWT Guidance
ABS, a provider of classification and technical services to the marine and offshore industries, has updated the ABS Guide for Ballast Water Treatment to support industry in the design and installation of ballast water management solutions that meet both regulatory and operational requirements. “As vessel owners and operators prepare for the implementation of the recently ratified IMO (International Maritime Organization) Ballast Water Management Convention…
Catamaran Ferry Delivered to Hyline Cruises
Incat Crowther has announced the launch of Grey Lady IV, the fourth catamaran ferry designed by Incat Crowther and built by Gladding Hearn for Hyline Cruises of Hyannis, Massachusetts. The new vessel was commissioned in response to increased ridership and a passenger preference for a fast service with better amenity, and is an evolutionary step from the three previous vessels from the designer / builder collaboration.
Ocean Endeavor Repair Completed
Harris Pye Engineering Group completed repair works during the two-stage multi-million dollar Diamond Offshore demobilization project for its semi-sub rig Ocean Endeavor from the Black Sea, which completed its contract in January 2016. The initial phase of the repair work, which started in December 2015, while the rig was offshore Constanta, Romania involved cleaning of mud, brine, base oil and skimmer tanks. Steel repairs were carried out on a main column blister.
$100M Tug Contract: Fourth Boat Delivered in South Africa
Transnet National Ports Authority (TNPA) is on track with its $100m tug building contract and celebrated the ceremonial launch of the fourth of its nine new tugs being built in Durban. The tug – named OSPREY in honor of the fish eagle – will serve at the Port of Saldanha. In line with maritime tradition, the duty of officially naming the vessel was carried out by Lady Sponsor, Thandeka Mabija, who earlier this month was appointed General Manager for Human Resources at TNPA.
$70 Million Loan Facility for Navios
Navios Maritime Acquisition Corporation, announced today that it has agreed to provide a $70 million secured loan facility maturing in November 2018 to Navios Maritime Holdings Inc. The Loan Facility bears interest of 8.75%, compounded semi-annually and is secured by (1) all of Navios Holdings’ interest in Navios Acquisition, composed of 65,301,220 shares of common stock and 1,000 preferred shares (convertible into 7…
Eriksen Joins Singapore's International Maritime Centre Plan
DNV GL’s Group President & CEO Remi Eriksen participated in the first meeting of the Maritime and Port Authority of Singapore (MPA) advisory committee for further developing Singapore as an International Maritime Centre (IMC) towards 2030. The committee is chaired by Mr Andreas Sohmen-Pao, Chairman of BW Group, and comprises of 22 global business leaders and experts. As part of its work, the committee…
IMO Attends Key UN Migrant Summit
International Maritime Organization (IMO) is at the high-level UN Summit for Refugees and Migrants being held at the UN Headquarters in New York, United States. A number of IMO treaties include provisions relating to migration by sea. These include SOLAS chapter V on Safety of Navigation, which requires the master of a ship at sea able to provide assistance to persons that are in distress at sea, to…
Hapag-Lloyd orders 5,750 state-of-the-art Reefers
With delivery beginning in October 2016, the new order strengthens market position in the transport of temperature-sensitive goods / Tests with new refrigeration equipment and natural refrigerants. Hapag-Lloyd will also be investing in its container fleet this year: The liner shipping company has ordered a total of 5,750 refrigerated containers (reefers) of the latest generation – including 5,000 x 40-foot and 750 x 20-foot units.
Coal's Cost Advantage over LNG Slipping
Thermal coal has been one of the commodity success stories this year, but there is a risk that it becomes a victim of its own success by eating into its advantage over liquefied natural gas (LNG) in generating electricity. The benchmark Australian thermal coal price, the Newcastle Index, rose to $70.76 a tonne in the week to Sept. 16, its highest in 18 months and taking its gain since the start of the year to almost 40 percent.
Adani buys Australian Port Operator from Glencore
A unit of India's Adani Enterprises Ltd will buy the company that operates Australia's Abbot Point Coal Terminal from Glencore Plc for A$19.25 million dollars ($14.52 million)…
IUMI: Containership Fires Need Study
Two recent onboard containership fires have fueled concerns from IUMI (International Union of Marine Insurance) over the challenges involved with managing these incidents at sea. "At sea, below-deck fires cannot be fought with water and so CO₂ is used instead to displace the oxygen and extinguish the fire," said Uwe-Peter Schieder, Vice Chairman of IUMI’s Loss Prevention Committee. "However, if the fire is burning within a container…
Fugro Reduces Offshore Wind Development Down Time
A development by Fugro for its work class remotely operated vehicles (ROVs) has been utilised successfully in cable lay touchdown monitoring operations at the Rampion Offshore Wind Farm. A new track base unit, fitted to its FCV ROV, has been introduced to ensure highly accurate cable positioning during cable lay operations in strong currents. The unit ensures the continuation of operations in strong currents by enabling the ROV to run along the seabed instead of flying through the water.
Terex Floating Cranes for Open Sea Get Approval
Terex Port Solutions (TPS) has obtained design approval for Terex Gottwald Model 8 floating cranes in the G HPK 8200 B four-rope grab variant operated on the open sea. This was necessary because the Lloyd's Register Code for Lifting Appliances in a Marine Environment has changed since the initial approval of the machines in 2007. The design of the crane, which offers an outreach of maximum 50 m, a 63 t grab curve and lifting speeds of up to 140 m/min…