Hapag-Lloyd UASC Merger to Get EU Approval Soon
The planned merger between German container shipping line Hapag-Lloyd and United Arab Shipping Company (UASC) could be on the verge of gaining EU Antitrust approval, reported Reuters. The planned tie-up, which would create the world’s fifth-largest carrier is one step closer to becoming a reality after sources close to the deal told Reuters that UASC had agreed to pull out of some vessel sharing agreements, seen as a key stumbling block in gaining approval.
Naming Ceremony for CNCo Newbuilding
Following the naming of its new cement carrier, MV Aotearoa Chief, in New Zealand yesterday, The China Navigation Company (CNCo) christened its last newbuild, MV Tunsin, on 16 November at the Imabari Shipyard in Japan. Tunsin is the 241st CNCo newbuilding and the 86th vessel in this series. CNCo ordered four handysize bulk carriers (Imbari38 loggers) from Imabari Shipbuilding in 2014. Deliveries of the first three vessels…
Port of LA and GE Transportation to Digitize Shipping
The Port of Los Angeles and GE Transportation are partnering to digitize maritime shipping to help goods reach consumers faster. First-of-its-kind port information portal delivers fast, data-driven insights to enhance maritime supply chain performance and better serve ultra-large container vessels. With consumer spending on the rise, U.S. businesses need greater reliability and visibility from the supply chain to maintain their edge in an increasingly competitive marketplace.
Eimskip Acquires Nor Lines
Iceland-based Eimskip has agreed to acquire Norwegian shipping and logistics company Nor Lines. According to Eimskip, the operation of Nor Lines has been challenging in recent years and the business will be restructured in order to improve the firm’s services. In a press release on November 16th, Eimskip stated: " With reference to a press release from Eimskip dated 2 November, the company emphasizes…
$1.9 bln Shipping Rescue Package in Taiwan
Taiwanese government said it will provide 60 billion New Taiwan dollars ($1.9 billion) to support the country’s shipping industry, according to Reuters. The package, announced late Tuesday, involves a credit line with preferential interest rates aimed mainly to help Evergreen Marine Corp. and Yang Ming Marine Transport Corp., two of the world’s biggest container operators, says WSJ. The government wants to to prevent a collapse similar to Korea’s Hanjin Shipping Co.
Will Ballast Water Management Regs Trigger Tanker Scrapping?
Weakness in freight rates will increase tanker shipping demolitions over the next two years, with the trend accelerating in later years as a result of the IMO regulation on ballast water, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry. Despite the recent decline in tanker freight rates, demolitions have not yet picked up. Scrapping is expected to increase in the next two years…
Focus on Maritime Security Measures at Guinea-Bissau Workshop
A range of maritime security scenarios are being played out in a table top exercise for officials in Bissau, Guinea-Bissau (14-16 November). Participants from Government departments and national agencies, including the Maritime Authority, are focusing on security measures in International Maritime Organization (IMO) treaties. These include SOLAS chapter XI-2 and ISPS Code, to which Guinea-Bissau acceded to last month…
Pasha Hawaii Set to Order Containerships
Honolulu-based Pasha Hawaii said the company narrowed its selection to two U.S. shipyards for the construction of two new Liquefied Natural Gas (LNG) fueled containerships…
Navy Ships out New Zealand Quake Survivors
Hundreds of survivors stranded by a huge earthquake that struck central New Zealand three days ago reached Christchurch by a naval ship early on Thursday, as engineers in the capital Wellington assessed the state of dozens of damaged buildings. Around 450 tourists and residents from the small seaside town of Kaikoura were taken by the New Zealand navy's multi-role vessel HMNZS Canterbury to Christchurch, the South Island's largest city, overnight.
BMT, Lester Franks Partner for BWTS Retrofit Engineering
BMT Design & Technology (BMT), a subsidiary of BMT Group Ltd, has announced a collaboration with Lester Franks, to provide a new service which will support ship owners in their response to the International Maritime Organization’s (IMO) ballast water management regulations which come into effect next year. Trevor Dove, BMT Design & Technology’s Maritime Engineering Lead, commented, “The fitting of…
Authorities Approve Stolt-Nielsen’s Jo Tankers Acquisition
Stolt-Nielsen Limited said it has it received competition authority approval to acquire the chemical tanker operations of Jo Tankers. The acquisition is expected…
Maersk Drilling to Pilot GE’s Marine Data Analytic Tools
GE and Maersk Drilling have partnered for a data analytic-driven pilot project that aims to increase Maersk’s drilling vessels’ productivity and reduce maintenance costs by up to 20 percent. The two companies have collaborated to deploy SeaStream Insight, GE’s latest innovation in marine asset performance management, powered by Predix. The pilot project will be carried out on one of Maersk Drilling’s XLE rigs and will last for 12 months.
Tampa Bay Ferry Pilot Program Underway
HMS Ferries, Inc. has begin a passenger only ferry pilot project in the Tampa Bay, Fla. area, called the “Cross Bay Ferry.” The six-month pilot project was launched on November 1, 2016 and will connect the cities of St. Petersburg and Tampa, and end on May 1, 2017. The pilot project is a unique, regional effort designed to demonstrate water transportation technology and service options to the residents and businesses of the Tampa Bay region. The Cross-Bay Ferry is a collaboration between St.
USCG Approves Subchapter M Internal Auditor Course
SafeMARINER, LLC and the ACTion group’s Marine Internal Lead Auditor (MILA) course has been audited by a third-party registrar and is now recognized as the first…
Rolls-Royce CEO Says Not Happy with Pace of Change
The boss of Rolls-Royce wants to speed up change at the British engine maker, which is battling to recover from a string of profit warnings, saying more needed to be done to increase the group's resilience in the face of uncertain conditions. The British company, which makes engines for fighter jets, commercial aircraft, ships and nuclear submarines, is one year into a programme to cut costs and simplify operations after a slowdown in several markets hit profits.
US Post-election Shipping Rally Raises Interest, Questions
Shares of U.S. shipping companies shot higher again on Wednesday, causing volatility halts in a number of stocks and raising questions among investors and analysts over the extent of their sharp post-election rally. The jump in share prices and unusually heavy trading volume even surprised analysts who follow the stocks, although some said the gains appeared to result in part from optimism that commodity demand would increase under President-elect Donald Trump.
Arleigh Burke-Class Destroyer Paul Ignatius Launched
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division launched Paul Ignatius (DDG 117), the company’s 31st Arleigh Burke-class (DDG 51) guided missile destroyer, on Saturday. “The DDG 51 program provides our U.S. Navy customer and our nation a series of highly advanced and capable warships,” said Ingalls Shipbuilding President Brian Cuccias. “For 30 years, our talented shipbuilders have been building these much-needed, quality destroyers.
Jamaica Orders Two Offshore Patrol Vessels
The Jamaica Defense Force (JDF) has awarded Damen Shipyards Group a contract for two new Stan Patrol 4207 vessels. Because the shipbuilder had both vessels available on stock, delivery is expected within the coming months. Damen said it is currently completing minor modifications before the outfitting process is concluded. On completion, two teams of JDF representatives will fly to the Netherlands to sail both vessels back to Jamaica with Damen’s own expedition team.
US Crude Stocks Rise on Heavier Imports - EIA
U.S. crude stocks rose last week as refineries hiked output, while gasoline stocks increased and distillate inventories rose, data from the Energy Information Administration showed on Wednesday.
Crew Transfer Vessel Delivered to Swire Pacific Offshore
With its latest delivery to Swire Pacific Offshore (SPO), shipbuilder Austal Limited has delivered its second high speed crew transfer vessel this year, and its fourth offshore crew transfer vessel in the past 15 months. The 57.6-meter, all-aluminum catamaran, named Pacific Kestrel, was designed by Incat Crowther and constructed by Austal’s shipyard in the Philippines. The 40 knot ‘Offshore Express…