Rickmers Pact with Commerzbank AG
Financially-strapped Rickmers Maritime has entered into a deed of consent with Commerzbank AG, Singapore Branch, reports Reuters. Rickmers Trust Management Pte. Ltd., the holding Trustee, has entered into a memorandum of agreement for sale of "India Rickmers" vessel securing CMB facility. The deed in relation to a settlement of senior loan facilities is extended by CMB to a subsidiary of trust. CMB…
Ship-borne Internet of Things Will Benefit Marine Industry
In 2017, the Danish Maritime Authority will contribute to a pilot project on the development and testing of a system that collects real-time data from various components on board ships. The data flow will be transmitted continuously to shore-based organisations allowing the authorities, shipowners and marine equipment manufacturers to use the information in real-time. The Aalborg-based company GateHouse is behind the pilot project.
Master Plan to Develop Indian Ports
Based on the present traffic and cargo scenario of Major Ports, a Master Plan has been prepared for expansion of port capacity, which includes a number of new ports. Sagar Island (West Bengal): Public Investment Board (PIB) has appraised the project subject to the condition that state Government shall ensure possession of the land is available to National Highways Authority of India (NHAI) or any other Agency providing road connectivity and to railways/agency providing rail connectivity.
Increased Limits of Liability for Shipowners in UK
The Standard Club had reported that in 2012 the International Maritime Organization (IMO) decided to increase the limits of liability under the 1996 Protocol by 51% and that these increases are due to come into force on 8 June 2015. This was because in recent years the existing limits have been considered inadequate to cover the rising cost of claims especially in relation to pollution and clean-up costs (e.g. the Pacific Adventurer bunker spill incident off the coast of Australia in 2009).
IRISL, Hyundai Ink Shipbuilding Contract
Hyundai Heavy Industries (HHI) Group, the world’s largest shipbuilding group, announced on that it signed contracts, financed by Korean financiers to build 14,500 TEU class containerships and 49,000 DWT product/chemical carriers with Islamic Republic of Iran Shipping Lines (IRISL), one of the biggest shipping companies in the middle east. The negotiations for these contracts commenced in December 2015 with mutual good will and a series of constructive meetings in Seoul and Tehran…
A Low Sulphur Future
Commenting on the IMO’s recent announcement regarding new global sulphur limits Sachin Gupta, Business Manager, Oil Solutions, Wilhelmsen Holding explains just why systematic fuel treatment is so important as we approach 2020. The recent decision from IMO to reduce the global fuel sulphur limits to 0.5% shows that our industry, more than ever, is committed to reducing its impact on the environment. It is long overdue and an incredibly positive step.
Robert Allan Designed RAmparts 3300 ASD Tug for China
The Cao Gang 26 is a new RAmparts 3300 ASD tug designed by Robert Allan Ltd., constructed at JiangSu Zhenjiang Shipyard (Group) Co. Ltd. in China and delivered to the Owner, Cao Fei Dian Port in Northern China in November 2016. The vessel has been outfitted to the highest standards for a maximum crew complement of 14. The Master’s and Chief Engineer’s cabins are located on the main deck, and two six-person cabins are located on the lower accommodation deck.
CBP Arrests Cruise Passenger for Obstructing Justice
U.S. Customs and Border Protection (CBP), Office of Field Operations, at the Charleston Seaport arrested a Goose Creek, S.C., woman on Wednesday who was wanted in connection with a local murder. The woman, destined to depart Charleston for the Bahamas on December 7, was the subject of an arrest warrant out of Berkeley County, S.C., for Obstructing Justice – Aiding and Abetting Murder. After verifying the individual’s identity and confirming the warrant…
Researchers Develop Underwater Observatory
The vastness of the sea and its sometimes harsh conditions often pose a challenge to marine researchers. In the North Sea near Heligoland, scientists from the Thünen Institute for Sea Fishing, the Alfred Wegener Institute (AWI) and the Helmholtz Center Geesthacht (HZG) have now installed an extraordinary device: an optical-acoustic underwater observatory. It is capable of capturing and automatically…
HMM to Form Cooperative Relationship with 2M
South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) said on Sunday it has agreed with the 2M shipping alliance to form a cooperative relationship named "2M+H Strategic Cooperation". HMM had previously been in talks to join the vessel-sharing alliance, which includes Denmark's Maersk Line, part of A.P. Moller-Maersk, and Mediterranean Shipping Co (MSC), the world's two largest shipping lines.
Suicide Bomb Kills 29 at Somalia's Main Port
A suicide truck bomb hit the entrance of Somalia's biggest port on Sunday, killing at least 29 people, police said, an attack claimed by Islamist al Shabaab militants. The fighters said they were trying to disrupt protracted parliamentary elections - part of efforts to rebuild the fractured nation after decades of war. The three-month vote is due to end on Dec. 29. Gunfire rang out after the blast at Mogadishu Port, Mohamed Hussein, a worker there, told Reuters.