Cost Reduction Through Modified EMC Regulation
The joint proposal to applicate risk based EMC regulations has been accepted and will be implemented January 2017. The intention of this proposal is to reduce EMC related costs by applying a risk based approach combined with smart installation methods. The proposal has been submitted by the “EMC for future ships” work group. Partners of RH Marine in this work group are: Damen, Thales, DMO, Lloyd’s Register and University of Twente.
Multipurpose Shipping Freight Rates Expected to Improve
The multipurpose shipping market will see the first signs of recovery by the end of 2017, following in the steps of the dry bulk and container shipping markets, according to the latest Multipurpose Shipping Market Review and Forecaster report published by global shipping consultancy Drewry. Dry cargo demand is weak but strengthening with multipurpose shipping market share expected to grow at just under 2% per year to 2020.
Wison Launches Floating LNG Power Plant Solutions
Wison Offshore & Marine has developed a range of solutions for floating power supply. With design philosophy of “plug-in power”, all products which are named W-FSRP series (Wison-Floating Storage Regasification and Power generation) feature integrated functions of LNG loading and storage facilities, regasification and power generation. The smallest unit starts at 10MW capacity, while the largest accommodates an 800MW power plant.
Ship-to-shore Cranes Shipped via The Northern Sea Route
HANSA HEAVY LIFT has transported the first-ever ship-to-shore (STS) cranes via the Northern Sea Route (NSR), relocating them from the port of St Petersburg to the port of Vostochny, spanning both the European and Far East regions of Russia. HHL Valparaiso is the first vessel to sail open hatch through the Northern Sea Route, which is covered by thick ice for most of the year and has a limited window of about two months open to cargo voyages.
China's Flattop "Tests Weapons" in South China Sea
A group of Chinese warships led by its sole aircraft carrier is testing weapons and equipment in exercises this week in the South China Sea that are going to plan…
Boxship Collision Causes Oil Spill on Singapore-Malaysia border
Nearly 300 tonnes of oil spilled into the narrow strait separating Singapore and Malaysia after a collision between two container vessels, the Singapore Marine Port Authority (MPA) said on Wednesday.
Maersk, Alibaba Team up to offer Online Booking
Maersk, the world's largest container shipping line, has teamed up with Alibaba to allow customers to reserve space on its vessels through the Chinese company, illustrating growing cooperation between e-commerce and logistics firms. Maersk, a unit of Denmark's A.P. Moller-Maersk, began offering the service to Chinese shippers on Alibaba's OneTouch booking website on Dec. 22, a spokeswoman for the shipping line said on Wednesday.
France Supports Fincantieri's STX Bid
Hard to say 'Non' to Italian company's bid, says Sirugue; France keen to keep Saint Nazaire site running. A leading French minister expressed support on Wednesday…
Oil Spill after two Container Vessels Collide near Johar
At about 2350 hrs on 3rd January 2017, the Maritime and Port Authority of Singapore (MPA) was notified by the Johor Port Authority (JPA) of a collision between Singapore…
Christian Heads New Orleans Port as President & CEO
The Board of Commissioners of the Port of New Orleans has announced that, effective Jan. 1, 2017, Brandy D. Christian has begun service as the Port’s president and chief executive officer following her two-year tenure as its chief operating officer. “Brandy is an experienced maritime professional with a strategic mindset and clear focus on actionable goals,” said Chairman of the Board of Port Commissioners Michael Kearney.
Metal Shark Makes Multiple Latin American, Caribbean Deliveries
Louisiana-based boatbuilder Metal Shark has announced several new contracts with Latin American and Caribbean operators, further expanding the company’s presence in the region. At a recent ceremony with Puerto Rico’s Governor Alejandro Garcia Padilla in San Juan, the Puerto Rico Police Department (PRPD) officially commissioned its first three Metal Shark 36-foot Fearless-class center console patrol boats.
Chakraborty Appointed Branch Manager, GAC Bangalore
GAC Shipping (India) Pvt Ltd has appointed Mukesh Chakraborty as the Branch Manager, Logistics Services for its Bangalore office. Mukesh brings 13 years of experience in freight forwarding, customs clearance, transportation and warehousing and distribution to his new role. GAC is tapping into growing logistics business potential in Bangalore, India’s fastest growing major metropolis. The city is also…
ISS Expands Business with Team Tankers International
Inchcape Shipping Services (ISS), the world’s leading maritime and logistics service provider, has greatly expanded its European business with Team Tankers International…
Russia Plans Maritime Drills with Philippines
Russia sent its anti-submarine destroyer and a replenishment oiler to the Philippines in a bid to hold maritime exercises with the latter, according to various media reports. The two ships — Admiral Tributs, an anti-submarine vessel, and a sea tanker Boris Butoma — arrived in Manila on Tuesday, 3 January, on a four-day goodwill visit. According to AFP, Russia wants to hold maritime drills with the…
China COSCO Shipping Buys Shanghai Rural Commercial Bank
Australia & New Zealand Banking Corp (ANZ) has agreed to sell its 20 percent stake in Shanghai Rural Commercial Bank (SRCB) for US$1.33bn. China Cosco Shipping Corp and Shanghai Sino-Poland Enterprise Management Development Corp had each agreed to acquire 10 percent of SRCB. The sale comes as the bank moves to shrink its business and scale back its presence in the region. ANZ said the sale will not have a meaningful impact on its balance sheet…
Global Container Fleet Market to Grow 3% in 2017-21
A report forecasts the global container fleet market to grow at a CAGR of 3.19% during the period 2017-2021. The report says key vendors in the market are Maersk, CMA CGM & MSC. To calculate the market size, the report by Research and Markets considers volume based on container fleet capacity for the respective region or the container type. It considers freight volume based on the freight volume shipped by the vendors operating in the market making use of the containers.
Carmanah Acquires EKTA Marine Aids
Carmanah Technologies Corporation has completed the acquisition of the EKTA marine aids to navigation assets from Cybernetica AS of Estonia. The company had previously announced its intention to acquire the EKTA branded products and contracts on November 29th, 2016. "The acquisition accomplishes two important steps in our growth strategy," said John Simmons, Carmanah CEO. "The ETKA products will strengthen…
DryShips Closes New Revolving Facility from Sifnos
DryShips Inc has signed definitive documentation with Sifnos Shareholders Inc for the previously announced refinancing of the majority of its outstanding debt under the new senior secured revolving facility. Under the terms of the New Revolver, Sifnos has extended a new loan of up to $200 million that is secured by all of the Company's present and future assets except the MV Raraka. The New Revolver carries an interest rate of Libor plus 5.5%…
Trump Names China Critic Lighthizer as US Trade Rep
U.S. President-elect Donald Trump on Tuesday named Robert Lighthizer, an official in the Reagan administration and harsh critic of China's trade practices, to be his chief trade negotiator, responsible for better deals aimed at reducing U.S. trade deficits. Trump, who promised during his presidential campaign to renegotiate international trade deals like NAFTA and punish companies that ship work overseas…
OPC: Making Naval History
In September, 2016, an U.S. shipyard and the Canadian design business of an Italian-owned Norwegian shipyard won the largest vessel procurement contract in U.S. Coast Guard history. Now, Eastern Shipbuilding will build nine — and possibly many more — Vard Marine designs in its Panama City, Fla., shipyard. Early impressions are of a unique vessel not so unlike comparable European designs by Vard Holdings or parent company Fincantieri.