Hyundai Merchant to Hire 220 Hanjin Employees
As many as 220 former Hanjin Shipping employees could be set to start work at Hyundai Merchant Marine. The South Korean carrier has already hired 131 employees including onshore, offshore, overseas staffs and ship managers. Moreover, HMM will also recruit 41 additional ex-Hanjin’s employees including offshore staff and assign them to the tasks next month. Then, HMM will acquire total 172 of Hanjin’s workforce of next month.
Port of Singapore Sustained its Performance in 2016
The Port of Singapore sustained its performance in 2016, amidst weaker-than-expected global economic conditions and significant structural changes in the maritime industry. Annual vessel arrival tonnage increased by 6.3 per cent in 2016 compared to 2015, reaching 2.66 billion gross tonnes (GT). Container ships, bulk carriers and tankers were the top contributors, each accounting for around 30 per cent of total vessel arrival tonnage. Singapore remained the world’s top bunkering port in 2016.
Benchmarking Against Peers Upheld Among BCOs
International transport and logistics executives are increasingly benchmarking their companies’ costs and supplier terms in ocean transport contracts, according to data gathered by Drewry Supply Chain Advisors. In the past 6 months, the ocean transport spend under carrier contracts benchmarked by Beneficial Cargo Owners via the Drewry Benchmarking Club global initiative increased by 50%, to $2.2 billion…
Xeneta Warns on Uncertain Container Shipping Market
The contract freight rate benchmarking company Xeneta warned about further uncertainty for the global container shipping market in 2017. Although rates have risen significantly from the historic lows of early 2016, giving battered ship owners some reprieve, structural problems continue to undermine stability, while macro-economic and political factors are casting long shadows on the horizon. 2016 was a tumultuous year for carriers…
Excelerate Energy Completes FSRU Sale and Leaseback
Excelerate Energy announced it has completed the long-term sale and leaseback of the FSRU Experience with a wholly owned subsidiary of CMB Financial Leasing Co. Upon completion of the 10-year agreement, Excelerate will re-purchase the FSRU from CMB. The transaction demonstrates the market’s confidence in FSRUs as financeable and dependable assets and positions Excelerate well for future financings as part of its growth strategy.
Maersk Sees Strong Growth in Mexico
Maersk Line saw a 21 percent jump in cargo volumes in Mexico between January and October 2016 compared with the year-earlier period, says a report by T21. Mexico is expected to be one of the main beneficiaries of the newly expanded Panama Canal and its infrastructure is undergoing a major transformation in order to enable it to benefit from increasing trade. One of the most notable achievements of…
Maritime Piracy Drops But Kidnappings Rise
Sea piracy plunged to its lowest levels in 18 years in 2016, but kidnappings of crew members for ransom is escalating off west Africa and in the Sulu Seas near the Philippinessayd International Maritime Bureau (IMB). The global maritime watchdog said in its annual report that more crew were kidnapped at sea in 2016 than in any of the previous 10 years, despite global piracy reaching its lowest levels since 1998.
Port of Long Beach Trade Dipped in 2016
Slowed by industry headwinds and challenges that included major customer Hanjin declaring bankruptcy, the Port of Long Beach said it moved almost 6.8 million containers in 2016, its fifth best year ever. Overall cargo declined 5.8 percent in 2016 compared to 2015, as the Port was impacted by new ocean carrier alliances and the August bankruptcy of Hanjin Shipping, a South Korean company and former majority stakeholder at the 381-acre Pier T container terminal — Long Beach’s largest.
US Shifts LNG Exports to Asia as Arb Opens Ip
The biggest divergence between U.S. and Asian gas prices in a year has created an opportunity for tankers delivering liquefied natural gas, with most departures from a key Louisiana terminal in the last month-and-a-half heading toward East Asia, shipping data released on Wednesday show. The facility, Sabine Pass, owned by Cheniere Energy Inc, opened last year as the first LNG export terminal in the U.S. Lower 48 states. The United States has been exporting gas out of Alaska since 1969. U.S.
LPG Carrier Rescues Sailor off Nicaragua
A LPG carrier operated by NYK, Linden Pride, rescued a seafarer from a boat in distress 100 nautical miles off the coast of Nicaragua. While Linden Pride was sailing from Balboa, Panama, to Sendai, Japan on December 4, the ship came upon a disabled boat with one survivor requesting assistance, and immediately initiated the rescue. The rescued sailor was in good health and disembarked from Linden Pride off the coast of Cabo San Lucas, Mexico, on December 8 as directed by the U.S. Coast Guard.
Obituary: Walter Sellick – Founder, Sellick Equipment
Walter Sellick, founder of Sellick Equipment, passed away on January 10, 2017. He was 98. Walter is survived by sons Howard and David, daughter Heather, and many grandchildren and great grandchildren. Born in 1918, Walter was raised on a farm in Harrow, Ontario. He served in the Royal Canadian Air Force from 1941-1945 and was a life member of Royal Canadian Legion Branch #338. Walter managed a Ford…
Carboline Names Andrews Executive VP of US Sales
Carboline has appointed Darrin J. Andrews as Executive Vice President of Sales USA, effective December 5, 2016. Andrews has been in the protective and industrial…
Meet Seahunter, a Multipurpose Connectable Plastic Workboat
A new multipurpose connectable plastic workboat offers versatility to a variety of end users. Seahunter can serve as a multi-use commercial platform or powered vessel, with each hull designed to used individually or connected together at port, starboard or bow with lockable pins. Manufactured in Norway, Spain and Finland by Finnish based Lamor Corporation, the catamaran hull is constructed in rotomolded thermo plastic (PE), which ensures durable and low maintenance surface, the builder said.
Genting Deal Largest in Evac History
Evac said it will supply Complete Cleantech Solutions for two Global class cruise ships for Genting Hong Kong’s Star Lines. The two 201,000-gross-ton vessels will be built by the German shipyard MV Werften for deliveries in 2020 and 2021. The contract, signed December 7, 2016, gives Genting an option on two additional Global class vessels. The Genting vessels will carry Evac’s Complete Cleantech Solution…
Stena Line Ferry Joins Marlink's Multi-band Comms Network
Marlink has added the first out of four additional Stena Line ships to its multi-band communications network. Marlink now serves the entire fleet of Stena Line vessels, ensuring high levels of connectivity for passengers and crew, in addition to operational applications and commercial businesses on board. Marlink will also further increase available capacity to Stena Line vessels with an additional 10-15%…
GE Offers Electric Start Systems for Marine Gas Turbines
GE’s Marine Solutions now offers electric start systems for its line of aeroderivative marine gas turbines. Along with lower life cycle costs and improved reliability, military and commercial marine customers will enjoy 60% less in acquisition costs with GE’s electric start system compared to a hydraulic start system. GE scaled the electric start system technology to match the requirements for its popular LM2500, LM2500+ and LM2500+G4 engines.
Seagull Training App v2.0 Enriched for Ease of Use
Seagull Maritime said it has upgraded its Seagull Training App, the mobile software solution that has changed the way seafarers track their training records and receive critical safety alerts. Available in both Android and iOS formats, the newly enhanced app can be used across a range of mobile devices, with dynamic screen layouts for all sizes, including tablets. The home screen has also been refined to include a bottom bar menu featuring click-through to notifications…
Heavy Lift: RollDock and Roll-Lift Team Up
Having received a contract from NEM Energy BV for the transportation of two boiler blocks and two combustor units from Taiwan to Malaysia, Roll Group was called upon to put to work the combined capabilities of its in-house engineering department and experienced heavy transportation teams, enabling the group to offer a complete tailor-made solution by both land and sea. NEM Energy BV involved the Roll Group at an early stage in the project…
Freezing Med Attracts Unusual Diesel Cargoes
Tankers diverted in mid-Atlantic to Med; in rare arbitrage, cargoes from Europe into Med. At least one tanker carrying diesel en route to New York has been diverted in the mid-Atlantic to the Mediterranean, where freezing weather from North Africa to the Balkans has boosted demand for heating oil and sharply lifted prices. At the same time, two 30,000-tonne tankers - the Torm Gyda and Nord Bell - have been booked by Glencore to go from northwest Europe to the Mediterranean…
Singapore 2016 Bunker Volumes at Record High
The Maritime and Port Authority of Singapore (MPA) expects 2016 sales of bunker fuel for ships to rise to a record for a second consecutive year, with early estimates…