Sagarmala – Sailing Towards a Vibrant Gujarat
India's Shipping Minister of State Mansukh Mandaviya inaugurated the state- of -the -art exhibition display of Sagarmala, Ministry of Shipping at Vibrant Gujarat Global Investors Summit, 2017, yesterday (Jan 11). Gujarat has been at the forefront of the maritime development in India. A) Port modernization: Projects have been identified for capacity augmentation at existing ports especially Kandla to meet the future growth in cargo volumes.
DMA Makes Pleasure Boat Rental Easier
Now, it becomes easier for private persons to hire out or share their pleasure boats. The Danish Maritime Authority (DMA) has revised its regulations on pleasure boats so that they are now simpler if you want to hire out or share your pleasure boat with others. This is the case for both private persons and hire services. Director Per Sønderstrup from the Danish Maritime Authority said: ”In the future…
‘Returns set for a comeback’, DFRS, Shipping Outlook 2017
In its Shipping Outlook 2017, Drewry Maritime Financial Research benchmarks its shipping investments thesis against “Capital Returns: Investing Through the Capital Cycle: A Money Manager’s Reports 2002-15”, by Edward Chancellor. In a fascinating account, Edward Chancellor covers the “Capital Cycle”, predicated on investment strategies employed at Marathon Asset Management. In this year’s market outlook we identify key tenets under the “Capital Cycle” investing approach…
Maersk Expands Foothold in Iran
Danish container shipping company Maersk Line has added Iranian Port of Bushehr to its services, expanding its presence in this Middle-Eastern country. The new port specializes in feeder transport facilities. From Jebel Ali in the United Arab Emirates, the first sailing on a direct and weekly feeder connection to Bushehr commenced on January 4, 2017. Bushehr is the largest and most important port for transportation of commercial goods within the Bushehr province in Iran.
Cosco Shipping Energy Joins Bid for LPG Carrier
Cosco Shipping Energy Transportation (CSET) has announced that the board has approved it subsidiary, Shenzhen Cosco LPG Shipping, to join the bidding for a second hand LPG vessel. Shenzhen Cosco LPG is the energy shipping unit of Chinese shipping conglomerate China Cosco Shipping. The price quoted for the LPG tanker would be $ 5.21mln. The LPG carrier is the China-flagged, 2011-built Hua Nan 3 of 3,218-dwt in capacity and classed by China Classification Society (CCS).
Mitsui Delivers Second LNG Carrier to Sinopec
Mitsui O.S.K. Lines (MOL) has announced that the LNG carrier CESI Qingdao - ordered by a joint venture of MOL, China COSCO Shipping Corporation Limited (China COSCO Shipping) and China Petroleum & Chemical Corporation (SINOPEC) - was delivered at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong) on January 6. The CESI Qingdao is the second vessel to serve the China FOB Transportation Project" announced in April 2013…
Neste to Supply Low-Sulfur Marine Fuel to Polferries
Neste and Polferries, a Polish company with a fleet of ferries operating on the Baltic Sea, have agreed on the delivery of low-sulfur marine fuel for the Nynäshamn-Gdansk route in 2017. "Polferries is an important new customer for us. This cooperation is enabled by the fact that our product's distribution services are expanding to Sweden. It's great that a Polish company in the ferry business has taken our premium quality…
Seaspan Marine Names Hilder Marine Operations VP
Seaspan announced the appointment of Paul Hilder to Vice President, Marine Operations. As a member of Seaspan’s senior leadership team, Hilder will oversee the operational efficiency and safety of the company’s vessels and marine crews. Working in collaboration with Port Captains, Dispatch and the Regulatory & Compliance departments, Hilder will also oversee and monitor ongoing operational and training issues in order to reduce potential risks and liabilities to the company.
OceanTUFF CPVC Marine Drainage System
Spears Manufacturing Company awarded U.S. Known for its thermoplastic piping system innovations, Spears Manufacturing Company offers OceanTUFF, a CPVC Marine Drainage System. Recently awarded U.S. Coast Guard approval, OceanTUFF provides a durable, lightweight and cost effective alternative to traditional drainage materials used in marine applications. OceanTUFF meets the low flame, smoke and toxicity requirements of the 2010 FTP Code and may be installed in concealed spaces in accommodation…
Conrad Shipyard Christens Vane Brothers Hull
Conrad Shipyard said it has christened Hull C-1149 in a ceremony held at its Deep Water South Shipyard in Amelia, La. on January 4. The 55,000-BBL barge is scheduled for delivery to the customer, the Vane Brothers Company, in early March 2017.
Interview: Mika Koli, The Switch
The Switch is a 10 year old company working to advance the world with electrical drive train technology. It is still a relative new player in the global maritime sector with nearly four years of experience, but its first reference ships with The Switch technology onboard are starting to ply the world’s waterways – including one of MR’s “Great Ships of 2016,” Ternsund. Maritime Reporter & Engineering News met with Mika Koli…
Iraq Oil Exports Steady Despite Start of OPEC Cut
Oil exports from Iraq's southern ports in the first nine days of January have held steady at December's record high, according to loading data and an industry source…
MR Tanker Stena Immaculate Named in China
The Stena Immaculate, the ninth vessel in a series of 13 new IMOIIMAX MR tankers, was named January 10, 2017 at a ceremony at China’s Guangzhou Shipbuilding International (GSI). A large number of guests, from both corporate management and partners as well as representatives of the shipyard had gathered on the quayside to attend the naming ceremony. The ceremony began with traditional Chinese dance and music before the ship’s godmother Katarina Ljungqvist…
Two Turkish-built Tugs Delivered in Canada
Two newly built custom tugboats have been delivered to Canadian based SNC Lavalin to operate during the construction of Montreal's New Champlain Bridge on the Saint Lawrence River.
New Deck Lifter Helps Reduce Cargo Hold Waste
A patent pending movable deck lifter, TTS Intelligent Movable Deck Lifter (IMDL), developed by TTS aims to help reduce waste volumes onboard PCTC vessels (Pure Car Truck Carriers) due to new and improved technique. A traditional deck lifter has a centered contact point, causing the corners of the panel to be deflected and an extra margin for lifting to be requires to get the panel on top of the support in stowed position.
CNOOC Diverted Two LNG Cargoes from Tianjin After Pipeline Fire
China's state-owned energy company CNOOC diverted two cargoes of imported liquefied natural gas (LNG) after a pipeline fire in northern China's Tianjin, though imports were normal as of Monday…
Hungary Bans Shipping on Danube as River Freezes Over
Hungary has banned ships from the Danube as the river is freezing over and floating ice poses a risk, a spokeswoman for the General Directorate of Water Management said on Tuesday.
BMT ARGOSS Launches Ice Charting Capability
BMT Group subsidiary BMT ARGOSS has launched its ice charting capability which will supplement its weather forecasting offering to provide a more enhanced and cost effective service to customers looking to harsh environments. Jean-Paul Lindeboom, Director of Metocean Weather Forecasting at BMT ARGOSS, said, “This combined capability under one roof is unique to the market. As part of this new capability…
Trelleborg Expands Its Marine Operations in India
Trelleborg’s marine systems operation has relocated and almost doubled the size of its engineering and design center of excellence in a new 1,000 square meter premises in Ahmedabad, India. Since 2009, the marine center of excellence has provided detailed engineering design, modelling and analysis for projects across multiple operations within Trelleborg. The new premises represents a significant expansion to Trelleborg’s in-house engineering capability…
Boat Capsizes off Tanzania, Kills at Least 12
At least 12 people drowned when a boat capsized near a town on Tanzania's coast, while at least 27 others were rescued, a senior police official said on Tuesday.
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