Busan Port May Hit by Shipping Alliance Reshuffle
The upcoming reorganization of global shipping alliances is likely to hit Korea’s largest port in Busan and the harbor volume of Busan Port is expected to drop by 3.5 percent from next year, the Korea Herald reported quoting Korea Maritime Institute (KMI)’s report. KMI announced on December 22 that as a result of the analysis of the port rotation adjustment plans formulated by the soon-to-be-established shipping alliances "Ocean" and "THE Alliance…
Inland Waterways to Get Boost in India
The National Waterway Act, 2016 declaring 111 national waterways, including the 5 national waterways declared earlier has been enforced w.e.f. 12th April, 2016. The process for preparation of techno economic feasibility (TEF) study/Detailed Project Report (DPR) of new national waterways was initiated. As per the feasibility reports received so far, 32 new national waterways and five national waterways declared earlier are to be developed in the next three years.
Shanghai, Trinidad and Tobago to Host Maritime Technology Centres
International Maritime Organization (IMO) has announced the first two institutes selected to host regional Maritime Technology Cooperation Centres (MTCCs) under an ambitious project, funded by the EU and implemented by IMO, to help mitigate the harmful effects of climate change. Under the Global MTTC Network (GMN) project, Shanghai Maritime University in China will host the MTCC for the Asia region (MTCC-Asia), while the University of Trinidad and Tobago will host MTCC-Caribbean.
Lebanese NGO “KAYANY” Bags CMA CGM Corporate Foundation 2016 Prize
On Thursday, December 22, the President of CMA CGM Corporate Foundation, Mrs. Naïla Saadé, handed over the 2016 Prize of the Corporate Foundation to Mrs. Nora Joumblatt, founder and president of the NGO “KAYANY” at CMA CGM head office in Beirut. Founded in 2013, the Lebanese NGO “KAYANY”, which means “my existence”, aims at providing schooling and psychosocial support to the most vulnerable Syrian children refugees in Lebanon.
New Bunkering Procedures in Singapore
The Standard Club has quoted a a circular earlier this year by the Maritime and Port Authority of Singapore (MPA) for the mandatory use of the mass flow metering (MFM) system for marine fuel oil (MFO) deliveries in Singapore with effect from 1 January 2017. The circular covers the set of core requirements for metering system qualification, installation, testing, procedures and documentation for MFO deliveries via the MFM system in the port of Singapore.
Cochin Shipyard Limited Developing New Dry-dock
A new large dry dock is considered essential for future growth of Cochin Shipyard (CSL), says the ministry of shipping, India. This dry dock will enable CSL to construct LNG ships, Large Naval vessels like the proposed second Indigenous Aircraft Carrier, Merchant vessels, like Cape size vessels, etc. The dry dock will also cater to repairs and upgradation of jack-up rigs, semi submersibles, etc. The estimated cost of the proposed new High Density dry dock is Rs. 1799 Crores ($265 million).
Arctic Warms Up
Temperatures at the North Pole could be up to 20 degrees higher than average this Christmas Eve, in what scientists say is a record-breaking heatwave. Temperatures throughout November and December were 5C higher than average. The surface temperatures close to the Pole was about -4C, according to data from the Norwegian Meteorological Institute. At this time of year the average figure is about -30C.
Future Care Launches New Website
Future Care, Inc., a provider of global maritime medical management and cost containment services to the maritime community, has launched its new website www.futurecareinc.com.
US Drillers Add Oil Rigs for 8th Week in a Row -Baker Hughes
U.S. energy companies added oil rigs for an eighth week in a row, extending a seven-month drilling recovery as crude prices remained near a 17-month high. Drillers…
Evac Systems Ordered for ‘Global Class’ Cruise Ships
German shipyard MV WERFTEN, a wholly owned subsidiary of Genting Hong Kong, said it will install the Evac Complete Cleantech Solution on board two new Global Class ships for Asia-Pacific cruise line Star Cruises. The contract also covers two optional cruise vessels of the same class in the future. Star Cruises’ Global Class vessels are specifically designed for the growing Asian market. Delivery of the two 201,000 GT vessels is scheduled for 2020 and 2021.
Tuco Delivers in Norway
Danish builder Tuco Marine said it has delivered a ProZero 10.5m WBW Archipelago multipurpose workboat to the Norwegian Archipelago Services. The vessel is a fast and light and features a hydraulic bow gate and a deck crane for handling cargo over the vessels side, according to the builder. From the flexible and unique ProZero construction the vessel is built with a flexible, hung cabin to ensure the best possible comfort in the wheelhouse.
Great Ships of 2016: Lindanger
Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. Launched at the Hyundai Mipo dockyard in Ulsan, South Korea, the newly built Lindanger has become the world’s first methanol fueled ocean-going vessel. The ship is the first of two dual-fueled 50,000 dwt tankers owned by Norwegian firm Westfal-Larsen that will be chartered to global marine transportation company Waterfront Shipping.
Fleet Growth Squeezes Crude Oil Tanker Market
From January 2014 - October 2016 the crude oil tanker segment composing of VLCC, suexmax and aframax ships, had a net-fleet growth of 7.3 percent, which is equal to 24.3 million (m) DWT. The VLCC segment, with 20.7m DWT or a net fleet growth rate of 11 percent took the lion’s share, followed by the suezmax segment with 4.4m DWT or 5.5 percent. Whereas the aframax segment decreased by -0.8m DWT or 1 percent, in relation to the fleet size of the specific ship segment.
Korean Register Names New Chairman & CEO
Classification society the Korean Register (KR) has elected Lee Jeong-kie as its new Chairman and CEO. Lee assumes the role of Chairman and CEO, following the death of B. S. Park, who passed away after a short illness in October 2016. Lee has worked for KR for 29 years, most recently as executive vice president of KR’s survey division. He was elected at the extraordinary meeting of KR’s general assembly which oversees the running of KR and comprises 86 voting members.
Descartes Acquires Datamyne
Descartes Systems Group, a leader in uniting logistics-intensive businesses in commerce via the Global Logistics Network (GLN), announced that it has acquired Datamyne…
Rigmarine Provides Custom Winch Package for Caspian Sea Topside
Lifting and marine product specialist Rigmarine said it has recently supplied a bespoke winch system for a multinational oil and gas company, a key customer in the Caspian Sea region. The riser pull-in system comprises 38t and 12t winches, in addition to key components such as hydraulic power units, tensiometers and multiple sheave assemblies. The winches will be used intermittently over a five-year period for riser and cable pull-in activities.
Megaware KeelGuard Debuts PontoonGuard
Megaware KeelGuard, Inc., a worldwide supplier of products designed to protect the smallest fishing boats to the largest Coast Guard fleets since 1992, announced today the launch of its newest boat protection product – PontoonGuard. Constructed of a super-strong polymer composite, the patent-pending PontoonGuard is a do-it-yourself, reflective product that provides protection to the most vulnerable and exposed portion of the boat – the aluminum pontoon.
Long Beach Approves MSC's Bid for Hanjin Terminal
The Port of Long Beach’s Harbor Commission on Wednesday approved an agreement to replace the bankrupt operator of its largest cargo terminal. The Long Beach Board of Harbor Commissioners greenlighted the move by a subsidiary of Mediterranean Shipping Co. (MSC) to take over sole control of the long-term lease of the port’s 381-acre Pier T container terminal from from Hanjin Shipping, a South Korean ocean carrier that declared bankruptcy on August 31.
Asia Tankers-VLCC Rates to Slide on Lower Cargo Volumes
34 VLCC MidEast cargoes fixed for early Jan -Reuters terminal; only nine fixed so far for mid-Jan. Freight rates for very large crude carriers (VLCCs), which hit a new nine-month high this week, are on course to soften amid a weaker cargo market as owners wait for more charters to be released from the Middle East and labour unrest affects loading programmes from West Africa. "I think a lot of owners have started to give up now.
S.Korea Backs US Shale Gas Imports, Investment
South Korea stepped up a push on Friday to encourage its oil and gas companies to invest in U.S. shale gas projects, amid expectations that more opportunities will arise under a Trump administration.