Construction of King Salman Global Maritime Industries Complex Gains Steam
Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, announced today that Royal Inauguration Ceremony of King Salman Global Maritime Industries Complex was held at Ras Al-Khair…
Diana Shipping Gets Charters Two Bulkers
Greek dry bulk shipping company Diana Shipping has entered into time charter contracts for its two vessels, the M/V Orleans and the M/V Melite, which are scheduled to start in December 2016. "Diana Shipping, through a separate wholly-owned subsidiary, has entered into a time charter contract with Koch Shipping Pte Ltd, Singapore, for one of its ize dry bulk vessels, the m/v New Orleans," says a statement from the company.
Seatrans Ship Management and DNV GL ink ECO Insight contract
The Norwegian company Seatrans Ship Management has signed up 20 vessels to the DNV GL fleet performance management solution ECO Insight. The contract covers 13 chemical tankers and seven dry-cargo vessels. “We need to have full insight into the performance of our fleet and use this to continually improve our operations. ECO Insight will help us to achieve this,” says Gisle Rong, Managing Director Seatrans Ship Management.
DNV GL Assists John Laing in Horath Onshore Wind Farm
DNV GL, the world largest resource of independent energy experts, has assisted John Laing, a leading international originator, investor and manager of infrastructure projects, in its investment in the onshore wind farm Horath Wind Farm in Germany. DNV GL conducted technical due diligence on the new asset with a focus on verifying its estimated energy yield. The work follows on from a long collaboration between the two companies…
CMA CGM Rolls out Adrimed Express Line
CMA CGM, a leading worldwide shipping group, has announced the new service offer Adrimed Express which directly links the ports of the Adriatic Sea and Egypt. This innovative, fast and reliable service links Egypt, Malta, Croatia, Italy, and Slovenia. Thanks to a call in Malta, a CMA CGM group’s hub, efficient transshipment connections are offered to worldwide markets. This service, which is especially designed for perishable goods transportation in reefer containers…
India Announces Projects Status of Inland Waterways
The Shipping Ministry of India has announced the details of various ongoing major projects for development of National Waterways (NWs), which are as under four divisions. The government also revealed the techno–economic feasibility studies and Detailed Project Report (DPR) for the 106 new National Waterways. Since inception of Inland Waterways Authority of India (IWAI), projects worth Rs. 1871.567 crore ($275 million) for development of National Waterways (NWs) have been implemented till March…
Oetker Sells Hamburg Süd to Maersk
Dr. August Oetker KG announces that, after more than 80 years, it is divesting its shipping business and will be selling Hamburg Süd with all activities, subsidiaries and principal assets. The world's seventh-biggest container operator, Hamburg Süd, has been sold to Danish conglomerate AP Moeller-Maersk. Maersk Line didn't disclose the purchase price of Hamburg Süd when it announced the takeover on Thursday, saying it hoped to complete the deal by the end of 2017.
Carnival Princess to Pay Record $40 mln for Polluting the Seas
Carnival Corp's Princess Cruise Lines will plead guilty to seven felony charges for polluting the seas and deliberate acts to cover it up, and pay a record $40 million criminal penalty, the U.S.
Derecktor to Build the Second Hybrid Series Vessel
Derecktor Shipyards of Mamaroneck, New York and Harbor Harvest of East Norwalk, CT. has announced their next revolutionary project providing an alternative transportation platform for organic food shipping. Combining the quality construction that Derecktor’s reputation is built on, along with their successful application of a cutting edge BAE HybriDrive propulsion system utilizing Cummins QSB6.7’s…
Shallow-Draft Yukon River Tender
“If it works well, then why change it?” might have been the idea of the owner of a new Yukon River salmon tender building at WCT Marine’s shipyard at Tongue Point on the Columbia River near Astoria, Oregon. Owner R. Bodey had Tullio Celano draw up a set of plans from a vessel that he had owned some year before. He took these to Willie Toristoja and his crew at WCT Marine Construction, Inc in Astoria…
Rolls-Royce to Cut Another 800 Jobs at Marine Unit
British engineering company Rolls-Royce said it would cut a further 800 jobs in its marine business to save an extra 50 million pounds ($63 million) a year, responding…
AMP Applauds Chao as Secretary of Transportation
The American Maritime Partnership (AMP) has issued the following statement on the selection of Secretary Elaine L. Chao as the next United States Secretary of Transportation. “The American Maritime Partnership congratulates Secretary Elaine Chao for her nomination by President-elect Donald J. Trump to be the next U.S. Secretary of Transportation. With vast experience across the maritime industry and prior service at the U.S.
Genscape Increases US Inland Waterways Coverage
Genscape, a provider of real-time data and intelligence for the global commodity and energy markets, has announced the complete integration of more than 400 terrestrial AIS antennas in North America, providing an unprecedented level of data accuracy and visibility into ship movements in the U.S. Genscape’s private monitoring network covers every commercial port in the U.S., and over 90 percent of U.S.
France Worried by Russian Warships off Crimea Coast, Urges Restraint
France called for restraint between Russia and Ukraine after warships from Moscow's Black Sea Fleet took up position off Crimea's western coastline in response to…
Maersk Line to acquire Hamburg Süd
Maersk Line and the Oetker Group have reached an agreement for Maersk Line to acquire Hamburg Süd, the German container shipping line. The acquisition is subject to final agreement and regulatory approvals. Hamburg Süd is the world's seventh largest container shipping line and a leader in the North - South trades. The company operates 130 container vessels with a container capacity of 625,000 TEU (twenty-foot equivalent).
World Fuel Services Prepares for Global Sulphur Cap
From 1 January 2020, a new global sulphur cap on marine fuels will come into effect which will turn the whole bunker industry upside down; and World Fuel Services is urging the shipping, bunkering and energy sectors to work together to meet this new challenge. The 2020 deadline for the new 0.50% cap, which is a significant reduction on the 3.50% global limit currently in force, was confirmed at the…
Steel Handling Facility for London Thamesport
London Thamesport has signed an agreement with UK shipping agent and logistics company The Armitt Group for a purpose-built, 120,000 square feet specialist steel handling facility at the Kent port. Construction of the first phase of 60,000 square feet is well underway. Once completed, the specialist facility will offer unparalleled multimodal connections for breakbulk cargo handled in the South East of England.
Next Geosolutions Boosts Middle East Presence
Next Geosolutions is set to increase its international credentials in the Arabian Gulf, with a seven figure investment. The independent geoscience and engineering service provider has launched a new multi purpose-built operational facility in the Hamriyah Free Zone of Sharjah (UAE), and a supporting business development and marketing office in Dubai. With operations due to commence in December, the new 400 sq.mt facility will boost the continued international growth of the company…
Boskalis Sells Stake in SMIT Amandla Marine
Royal Boskalis Westminster N.V. (Boskalis) has successfully completed the sale of its stake in SMIT Amandla Marine (SAM). The possible sale had already been announced in March 2016. The stake was sold to management and local investors, thereby returning the business of SAM to 100% South African ownership. Boskalis received a cash sum of approximately EUR 50 million for the sale. The activities and results of SAM will be deconsolidated with effect from 1 December 2016.
Brunswick Launches Aluminum RHIB Line
At the first day of the International WorkBoat Show in New Orleans, La., Brunswick Commercial & Government Products (BCGP) introduced an 8.5-meter aluminum RHIB. A first of its kind for the Company, the 850 Aluminum Impact RHIB is the introductory model from a line-up that features five variants ranging in size from 7.5-meters to 12-meters. Designed for the commercial and government marketplace, BCGP…