Nor-Shipping Crowd-Sources to Turn Industry Problems into Profit
Nor-Shipping invites the next generation to find solutions to this generation’s challenges through its unique ‘Problem to Profit’ initiative. The leading global maritime event week…
Gulftainer Mulls Brazil Divestment
Sharjah-based port operator Gulftainer is considering pulling out of Brazil where it operates a port on the country’s northeastern coast, Gulf News reported quoting chief executive Flemming Dalgaard. The company will make a decision before the end of the year, Dalgaard said. Gulftainer, 50 per cent owned by conglomerate Crescent Enterprises, was awarded an operator certificate for Brazil’s Recife port in 2011.
Chittagong Port Strike Postponed
The Prime Mover-Trailer Owners Workers Unity Council of Chittagong Oikya Parishad has postponed their ongoing strike till October 4 at Chittagong Port. This has ended the deadlock in goods transportation at the sea port for the time being. The strike has created largest ever gridlock of containers in the recent history of Chittagong port. A total of 40,259 TEUs of containers were stockpiled at the port exceeding 36,357 TEUs capacity.
FMC Collects $338,000 In Penalty Payments
Federal Maritime Commission Chairman Mario Cordero announced that the Commission has completed compromise agreements recovering a total of $338,000 in civil penalties. The agreements were reached with one vessel-operating common carrier and six ocean transportation intermediaries (both non-vessel-operating common carriers and ocean freight forwarders). The agreed-to penalties resulted from investigations conducted by the Commission’s Area Representatives in Houston…
Shipping - Backbone of Global Economy, says UN
“Maritime transport is the backbone of global trade and the global economy,” said the UN chief in a message on the World Day, which is observed annually on 29 September, and whose theme this year is Shipping: indispensable to the world. The importance of shipping in supporting and sustaining today's global society makes it indispensable to the world and to meeting the challenges of the sustainable development agenda…
Jotun Continues to Grow
Jotun, coating solutions to the global marine fleet, recorded sales of NOK 10.9 billion and an operating profit of NOK 1.7 billion in tn the first eight months of 2016. To help secure long-term growth, the company continues to pursue investments in new production capacity and product innovation, both in Norway and other key markets. To help secure long-term growth, the company continues to pursue investments in new production capacity and product innovation…
Asia Bulk-Capesize Rates to hold firm during China holiday
Capesize rates slip from year-long highs as miners absent; owners still optimistic of Q4 rate bounce. Freight rates for large capesize dry cargo shippers on key Asian routes, which hit the highest in about a year last Thursday, are set to remain buoyant during China's week-long National Day holiday that starts on Saturday, ship brokers said. "The market is always firm during Golden Week holidays, so I don't think the capesize market will fall off a cliff…
Nominations Open for Singapore International Maritime Awards 2017
The Maritime and Port Authority of Singapore (MPA) is calling for nominations for the Singapore International Maritime Awards (IMA) 2017. The biennial IMA recognises individuals and companies for their outstanding contributions to Singapore's development as a premier global hub port and a leading international maritime centre. The following award categories for IMA 2017 are now open for nomination. Please refer to Annex A for details.
New LNG Carrier Delivered to MISC Berhad
MISC Berhad (MISC) held the naming and delivery ceremony of its new LNG carrier, Seri Camellia. The 150,200 cu. m. Liquefied Natural Gas (LNG) carrier is the first in a series of five MOSS-Type LNG carriers ordered from Hyundai Heavy Industries Co., Ltd. (HHI) by MISC. Upon their delivery, these new LNG Carriers will be chartered to PETRONAS for the next 15 years. The naming ceremony was graced by the presence of Y. Bhg.
Three Chinese Fishermen Dead in S.Korea Coastguard Confrontation
China lodges protest with Seoul over the incident. Three Chinese fishermen were killed on Thursday in a fire that broke out on their boat when South Korean coastguard…
Asia Tankers-VLCC Rates Soar on West Africa, MidEast Liftings
VLCC earnings double in a week. End of force majeure in Nigeria buoys cargo volumes. Freight rates for very large crude carriers (VLCCs) are set to rise further next week, fuelled by a raft of cargoes from West Africa and the Middle East amid tight tonnage supply, ship brokers said on Friday. VLCC freight rates hit a multi-month high on Thursday. "The optimism among owners is punchy - I think the market has legs on it and could easily increase by another 10 points (on the Worldscale measure)…
Zamakona Delivers Tug for Boluda
The work of Astilleros Zamakona's collaboration with Robert Allan as a designer and experience of Boluda Towage and Salvage as an operator in tow obtained from this new construction 768 tugboat VB XALOC type AVT will be from now on the tugboat reference for port operations, towing and escort. This tugboat with below 500 GT and length of 31.7m and sleeve 12.8 has a power of 7,600 hp to get a shot fixed point of 79.6 tons.
World’s First LNG-fueled PCTC Delivered
United European Car Carriers (UECC), which is equally owned by NYK and Wallenius Lines, took delivery of the world’s first LNG-fueled Pure Car and Truck Carrier from Kawasaki Heavy Industries Ltd. on September 29 at the NACKS shipyard in Nantong, China. The vessel will be named “Auto Eco” when reaching North Europe towards the end of November, and it is the first of two sister vessels to be delivered.
Shipyard Productivity Reaches New Heights
A job completed on time or ahead of schedule is a display of the proficiency, productivity, and innovative thinking that can give you a competitive edge. And with the current oil market and the upcoming elections fogging the forecast for future orders (and indicating a likely dip), shipyards are vying to become better and faster, and capture every edge they can. To seize these opportunities as they arise…
Avalon Freight Services Redefines the Shortsea Shipping Formula
Anything but business as usual, trusted partners operate innovative, environmentally correct and cutting edge equipment – in a decidedly niche trade. A new freight service began operation in southern California this past April. For the businesses and residents of Catalina Island who depend on freight from the mainland, this new service aims to provide the safest, fastest, quietest, most efficient, eco-friendly and state-of-the-art freight transportation in the island’s history.
TCS Charters CWind Crew Transfer Vessel
Transmission Capital Services (TCS) has chartered one of CWind’s crew transfer vessels (CTV) on a five-year contract to support works at several of their offshore substations in the U.K.
VGM Grace Period Ends October 1
The three-month settling-in period suggested by the IMO to its Member States in which competent authorities were urged to adopt a ‘practical and pragmatic’ approach to the enforcement of the SOLAS revision stipulating all packed containers have a verified gross mass (VGM) before being stowed aboard a ship comes to an end on October 1. Long-time champion of the cause of safer container transport and a leading insurer of the international freight industry…
Wave of US Marine Innovation Heading to the UK
A wave of cutting edge U.S. maritime innovations will be highlighted in Southampton, U.K. this October during three specialist one day events for the sub IMO / sub 24 meter professional sector. The unique NEXT GENERATION Workshops bring together an international group of experts armed with the latest knowledge to identify problems that affect the maritime sector worldwide – and highlight potential solutions.
Siemens Bags Electric Ferry Propulsion Contract
Siemens said it has secured a contract to supply propulsion systems for two new The all-electric battery ferries to be operated by Fjord1 on the E39 Anda-Lote route on the west coast of Norway. Both vessels will have a cargo capacity of 120 cars, 12 trailers and 349 passengers. Operation on the 2.4 kilometer-long route will start in January 2018. With this contract, the first four battery-driven ferries in the world will run on technology developed and manufactured by Siemens, the company noted.
Australia Names Lockheed Martin as Weapons System Provider for Submarines
Australia has selected U.S. defence company Lockheed Martin Corp as its preferred bidder to supply the combat system for its new $38 billion fleet of submarines, the country's defence industry minister said on Friday. Lockheed Martin beat out competition from U.S. rival Raytheon Co, which built the system for Australia's existing Collins-class submarines. Australia chose French naval contractor DCNS…