CMA CGM Suspends Terminal Handling Charges in Ghana
CMA CGM informed its customers that the collection of Terminal Handling Charges (THC), which was introduced in Ghana on July 20th, 2016, has been temporarily suspended, effective October 4th, 2016. CMA CGM will communicate on the resumption in due course. Earlier, the transport ministry has suspended the implementation of the THC being proposed by the various shipping lines in Ghana. It, however, stated…
Belgium Delegates Visit NYK
Geert Bourgeois, Minister-President of the government of Flanders; Claire Tillekaerts, CEO of Flanders Investment and Trade; and accompanying delegates visited the NYK head office and met with NYK board counselor Koji Miyahara, senior advisor Takao Kusakari, and senior managing corporate officer Koichi Chikaraishi. During the meeting, Kusakari, who serves as the president of the Japan-Belgium Society…
Container Shipping Market has Bottomed Out
Hanjin’s receivership represents the trough of the container shipping market and despite continuing concerns of weak trade growth and fleet oversupply a gradual market recovery is now expected, according to the latest annual Container Forecaster and Review 2016/17 report published by global shipping consultancy Drewry. Worse than expected second quarter financial results will be followed by a better second half-year.
Eagle Bulk and Partners Receive SHIPPINGInsight Award
The 2016 SHIPPINGInsight Award was presented to Eagle Bulk Shipping, and its technology partners Veson Nautical and Accuritas Global Solutions, at the SHIPPINGInsight 2016 Fleet Optimization Conference & Exhibition in Stamford, Conn. The award is presented annually to honor a shipping company and its technology partners for the successful implementation of an innovative technology or initiative that advanced the state of the art in fleet optimization.
Teekay Completes Norwegian Bond Issuance
Teekay LNG Partners L.P. announced that it has issued NOK 900 million in new senior unsecured bonds that mature in October 2021 in the Norwegian bond market. The new bond issuance, which was significantly oversubscribed, has an aggregate principal amount equivalent to approximately USD 110 million and all payments will be swapped into a US dollar fixed-rate coupon of approximately 7.75%. In connection with the new bond issuance…
Foundation of New Krishnapatnam Port Terminal Laid
Santosh Gangwar - Minister of State for Finance, GoI laid the foundation stone of a project intended to offer convenience to transporters CHAs and FFs of the country’s largest all-weather; deep water port on the east-coast of India – Krishnapatnam Port. The terminal will role play a critical establishment to aid ease of doing business, swift clearances and speedy procedure for documentation among others.
Austal Wins USN LCS Support Contract
The U.S. Navy has awarded a contract to Austal Limited USA to provide engineering and management services support of the Post Shakedown Availability for Independence-variant Littoral Combat Ship (LCS) Gabrielle Giffords (LCS 10). The US$12 million cost-plus-award-fee order adds to Austal USA’s growing support business, which provides critical support to both the LCS and Expeditionary Fast Transport (EPF) fleets.
DP World to Develop Ukraine Logistics
Global trade enabler DP World has recently signed a Memorandum of Understanding (MoU) with the government of Ukraine to collaborate on matters of mutual interest, including the development of logistics capability in the country. On a recent visit to Ukraine, DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem signed the MoU with the Ukrainian Minister of Infrastructure Volodymyr Omelyan and later met with President Petro Poroshenko…
Shipping Industry United on CO2 at IMO Meeting
In advance of next week’s critical meeting of the Marine Environment Protection Committee (MEPC 70) at the International Maritime Organization (IMO) in London, the…
Nakilat Transitions LNG Fleet from Shell
Nakilat Shipping Qatar Limited (NSQL) signed an agreement with Shell International Trading and Shipping Company Limited (Shell) to begin the planned phased transition of the management of Nakilat’s LNG fleet from Shell to NSQL. Shell has provided a range of shipping services to Nakilat’s LNG fleet since it was established in 2006, including the ship management of 14 Q-Max and 11 Q-Flex LNG carriers and the sharing of Shell’s Shipping & Maritime expertise.
Transas CEO Calls for Big Data Standardization
Frank Coles, Transas CEO, has delivered a keynote speech calling for the International Maritime Organization (IMO) to set standards of compliance for the communication connections between ship and shore or else create a significant cyber security risk. The speech on Connected Ships & Cybersecurity was delivered at the Shipping Insight Fleet Optimization Conference which took place in Stamford, CT. on October 18-19. Cybersecurity is without a doubt a highly-debated topic in the maritime industry.
Rolls-Royce Equipped Vessels Enter Service with Qatari CG
Qatar’s Coast Guard Command has taken delivery of the first in a series of 17 composite hull boats powered and propelled by MTU high-speed engines and Rolls-Royce Kamewa waterjets. The vessels, two Ares 75 and one Ares 110 Hercules, will be the first three boats of this program to be delivered by the end of this month. Two additional boats are planned to be delivered by the end of the year; one Ares 75 and one 110 Hercules.
Moore Stephens: 4th Straight Year of Operating Costs Decline
International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average of 2.4% in 2015. This compares with the 0.8% average fall in costs recorded for 2014, and is the fourth successive overall year-on-year reduction in such costs. All categories of expenditure were down on those for the previous 12-month period. This suggests continued pragmatic management of costs by ship owners and operators…
Guinea Opens Box Port in UAE Bauxite Complex
Guinea opened a new container terminal on Wednesday, part of a bauxite complex being developed in the West African country by Abu Dhabi investment fund Mubadala.
Russian Warships Said to be Bound for Syria
The Norwegian military has released pictures taken by surveillance aircraft of a fleet of Russian warships sailing in international waters off the coast of Norway and reported to be heading to Syria.
VOS Start Equipped with Barge Master Gangway
Vroon has announced that walk-to-work vessel VOS Start is to be equipped with the brand-new Barge Master Gangway. This unique combination will enable safe and efficient transfer of personnel and cargo. The Barge Master Gangway incorporates an access tower with elevator, providing stepless access. The adjustable pedestal provides full flexibility in landing heights. With the participation of Bosch Rexroth in the Barge Master team, the highest quality and safety standards are guaranteed.
Port Extension Work Begins at Guayaquil
Terminal Portuario Guayaquil (TPG), port operated by SAAM since 2006, began one of its most important projects in recent years: the extension of its dock by 120 meters. The works will imply increasing the dock from its current 360 meters to 480 meters, project that should be completed by the end of the first quarter of 2017. "The beginning of these extension works is a milestone for TPG. This, together with other initiatives…
Crowley Hits Milestones in Puerto Rico Investment
Highlighting the economic impact under the Jones Act of its $500 million investment in the trade between the U.S. mainland and Puerto Rico, Crowley Maritime Corporation’s liner services group reached new milestones in its construction of two new, Commitment Class ConRo (combination container and Roll/On-Roll/Off) ships that will be powered by liquefied natural gas (LNG), and in its terminal construction in San Juan.
Rescuers Save 301 Boat Migrants in Med
Rescuers pulled 301 boat migrants to safety and found five dead bodies in five operations in the central Mediterranean on Wednesday, the Italian Coast Guard said.
NATO: Major Russian Naval Deployment Underway
Russian warships off the coast of Norway are carrying fighter bombers that will likely reinforce a final assault on the besieged Syrian city of Aleppo in two weeks…