Cosco Scraps Eight Container Ships
Shanghai-listed Cosco Shipping Holdings sold eight container vessels to scrap during the fourth quarter 2016. The ships correspond to a total tonnage of 409,914 dwt, and the youngest in the pack was 15 years old, says the Chinese carrier. "The Group had disassembled eight container vessels (Luo Ba He, Jun He, Yue He, COSCO Qingdao, Wan He, Lu He, COSCO Ran and COSCO Sakura) during the fourth quarter of 2016," said a statement from the company.
Eimskip Acquires Mareco in Belgium
Eimskip has strengthened its position in worldwide reefer logistics services by acquiring 80% of the forwarding company Mareco N.V. The company was founded in 2002 and its headquarters are located in Antwerp,Belgium. The current management team will continue to own a 20% share in the company and will manage its operations. Mareco employs 26 people in two locations, 22 in Antwerp and four in Sao Paulo, Brazil.
FSDEA to Invest in Port Infrastructure
The Fundo Soberano de Angola (FSDEA) Angola’s sovereign wealth fund, today announced that it has committed to invest $180 million in a strategic deep sea port in Angola. The commitment is made as part of FSDEA’s $1.1 billion infrastructure fund. Commenting on the project, José Filomeno dos Santos, Chairman of the Board of Directors, FSDEA stated, “Investments in the industrial sector and infrastructure…
Vancouver Port Hires Marle as Permanent CEO
The Port of Vancouver USA Board of Commissioners today voted 2-1 to hire interim CEO Julianna Marler as the port’s permanent CEO/Executive Director. Marler, who was appointed interim CEO by the board in May 2016, was one of three finalists for the position. The other two were Edward Galligan, current Executive Director of the Port of Olympia, and Arthur Scheunemann, former President and CEO of the Economic Development Council of Seattle and King County.
Eastern Delivers Tractor Tug to McAllister
Eastern Shipbuilding Group, Inc. has delivered the Twin Z-drive Reverse Tractor Tug JEFFREY McALLISTER to McAllister Towing and Transportation Co., Inc. on January 13, 2017. McAllister is honoring Captain Jeffrey McAllister as the vessels namesake. Capt. Jeffrey McAllister is a member of the fifth generation working at McAllister Towing. Jeff began his McAllister career in 1973 at the age of 18 when he worked as a deckhand on the fleet’s offshore crew boats.
Container lines earned $42 less per TEU
The container shipping lines received an average rate 7% (USD 42) lower in 2016 than in 2015, if they operated in the spot market on all Shanghai Containerized Freight Index (SCFI) trade routes. This has primarily been due to the devastating low rates received in the first half of 2016, as the average rate received in H2 2016 was 22% higher than the rate received in H2 2015. The freight rates managed to gain momentum through second half of 2016…
School of Shipping, INTTRA Team up to Enhance Students' Readiness
South Africa-based School of Shipping, which offers adults an education in maritime studies specifically relating to importing and exporting, and INTTRA, the world's ocean shipping electronic marketplace, announced a collaboration through which School of Shipping students will make use of INTTRA's training environment as part of their coursework. Students will be able to simulate shipment management for the ocean stages of container transport.
mltech Bags Caspian Contract
mltech, specialist in pipework set-up and measurement software development, has increased its global presence after securing its first contract in Baku, Azerbaijan. The one year contract, which has scope for extension, was awarded by Metal Qaynaq Sinaq (MQS) which operates throughout Azerbaijan, Georgia and Kazakhstan. The company provides services including process piping fabrication, heavy and light structural steel fabrication…
FMC Commissioner Doyle Rejects Blanket Authorities for Foreign Ro/Ro Carriers
Commissioner William P. Doyle Votes to reject joint contracting authority for Ro/Ro foreign carriers to negotiate collectively for U.S.-Flag tug services. Doyle's Statement, shown below, says new rules go beyond the scope of the Shipping Act and shipping practices harmful to U.S. Today, I voted to disapprove the roll-on roll-off (Ro/Ro) WLL/Eukor/ARC/Glovis Cooperative Working Agreement amendment involving Wallenius Wilhelmsen Logistics AS (WWL), Eukor Car Carriers Inc.
Royce to Power High-speed Italian Naval Vessels
The construction of two new high-speed multipurpose vessels (UNPAV) for the Italian Navy has recently begun at Intermarine’s Sarzana shipyard. Rolls-Royce has won the contract to supply engines and waterjets to power and propel the two new vessels, which will be used by the Operational Incursion Group (Gruppo Operativo Incursori or G.O.I), the Special Forces of the Italian Navy, for maritime traffic control…
Shell, Phillips 66 to Lift SPR bbls
Oil companies Shell and Phillips 66 together bought 6.4 million barrels of oil last week from the Strategic Petroleum Reserve (SPR), according to a Department of Energy document released on Tuesday. Shell bought 6.2 million barrels of oil and Phillips 66 bought 200,000 barrels on Jan. 18, according to the department document, seen by Reuters. The federal government held the sale to fund a revamp of the emergency oil stash…
World's First Barge-based FSRU Exits Dry Dock
The world’s first barge-based Floating Storage and Regasification Unit (FSRU) has undocked from dry-dock in Nantong, China, announced Wison Offshore & Marine, who provided EPC services for Exmar. Upon the undocking, topside installation has been completed, which paves the way for delivery. This is the first FSRU being built in China and the facility is to become the world’s first FSRU with small-scale storage capacity. This non-propelled FSRU barge has a regasification capacity of 600MMSCFD.
Netherlands’ Mariserve Buys Secondhand Pilot Boat
Netherlands-based Mariserve has purchased a secondhand pilot boat, Mercury, previously owned by the Dutch Pilot Association. The Mercury will continue under the name Sirocco. This vessel is the ninth vessel previously owned by the Dutch Pilot Association of which Damen Trading has handled the sale as exclusive broker. Damen said it intends to continue this cooperation for the next couple of years when the next pilot boats become available.
Carnival, Wärtsilä Partner on Ship Performance
Wärtsilä and Carnival Corporation & plc have signed a 12-year agreement that aims to strengthen the groups’ existing partnership and joint improvement efforts to maintain the higher levels for cruise ship safety and reliability. The performance-based agreement provides for shared financial incentives and exposure based on outcomes for both companies. The value of the long-term agreement is approximately EUR 900 million.
Partners Developing LNG-fueled Capesize Concept
New regulations on limiting sulphur and nitrogen oxides emissions and a burgeoning global infrastructure are adding to the growing momentum for the more widespread adoption of LNG as a marine fuel. “Green Corridor”, a new joint industry project (JIP) signed recently in Singapore, looks to capitalize on this opportunity to drive the development of the market. Under the JIP, partners BHP Billiton, Mitsui O.S.K.
Global Oil Demand to Grow into 2040s
Global oil demand will keep growing into the 2040s due to higher consumption of plastic goods even as the electric vehicle fleet expands rapidly and technology revolutionises transport…
First Cuba to US Cargo Shipment Arrives
A shipment of artisanal charcoal made its way from Cuba to Port Everglades aboard Crowley’s container ship K Storm, marking the first truly commercial shipment from…
Evoqua Introduces Service Solution for Electrochlorination Systems
Offshore and marine operators of electrochlorination-based marine growth prevention systems are set to benefit from a new maintenance and service initiative from the world’s leader in the market: Evoqua Water Technologies. Bringing together more than 100 years of water treatment expertise from a number of the company’s brands and divisions, Evoqua Electrochlorination Services (EES) has been established…
Eimskip, RAL Order Containerships from China
Iceland’s Eimskip and Greenland’s Royal Arctic Line (RAL) have signed an agreement to share capacity, and together ordered three new ice-class containerships to be built in China. Eimskip said it has finalized contracts with China Shipbuilding Trading Company Limited and Guangzhou Wenchong Shipyard Co. Ltd. for the construction of two 2,150 TEU container vessels, and RAL also signed a contract for one vessel of the same type from the same shipyard.
New Explosion Proof LED Light Fixture
Industrial lighting company Larson Electronics has released a 70 watt explosion proof LED light fixture mounted on an adjustable beam clamp to simplify mounting on existing beams. The new EPL-LP-70W-LED-HDBC-20-EPP beam clamp mounted LED fixture is weatherproof and comes with an adjustable aluminum mount that makes it suitable for industrial applications, maintenance, cleaning and servicing duties, as well as large hazardous work areas.