Maersk Expects Healthier 2017 for Shippers
Bloomberg quoted Robbert van Trooijen, APAC CEO of Maersk Line, saying that the current year (2017) will be more profitable than the last. Post-Hanjin, ocean freight customers now stressing stability and avoiding risk to supply chains, not just rates, he said. "The bankruptcy of South Korea's Hanjin Shipping and a consolidation in the container shipping industry will pave the way for a better year for the industry," he told the international news wire.
Stricken Norwegian Star Cruise Ship Towed to Melbourne for Repairs
The luxury cruiseliner Norgwegian Star,lost power en route from Australia to New Zealand, has docked back in Melbourne after becoming stranded off the coast for two days, says company sources. Engine problems struck The Norwegian Starr on Friday morning after leaving port and ruining holiday plans for more than 2000 travellers, forcing it to bob without direction 30km off the coast of Melbourne. The ship was slowly towed to Port Philip Bay…
Global Shipping Meltdown Impacts European Banks
The collapsing maritime shipping industry is stoking another European banking headache, this time in economic powerhouse Germany, says a report in WSJ. While the Commerzbank, Germany’s second largest bank, reported earnings, warned that its losses on shipping loans could be as high as EUR600 million ($641 million) this year after nearly doubling last year to EUR559 million. Stephan Engels, Commerzbank’s chief financial officer (CFO) admitted that there was little immediate prospect of recovery.
IANA Introduces Resource Center
The Intermodal Association of North America has created a resource center, available on its website, to provide a wide range of information for prospective intermodal users and those who are new to the industry. The Intermodal Freight Resource Center offers educational tools, industry information, research and other content. The “What is Intermodal” page overviews the industry’s scope and benefits.
BHP Billiton Okay $2.2 bln Investments in Gulf of Mexico
BHP Billiton has announced that the Board has approved expenditure of US$2.2 billion for its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico. BHP Billiton holds a 23.9 per cent participating interest in the Mad Dog field. BP, the operator, holds a 60.5 per cent participating interest, and Union Oil Company of California, an affiliate of Chevron U.S.A. Inc., holds the remaining 15.6 per cent participating interest.
Peterson to Develop New Port Cameron
International energy logistics provider Peterson is to partner with Port Cameron in Louisiana to develop a deepwater staging port and supply base facility serving the Gulf of Mexico. Peterson has signed a teaming partnership agreement with Port Cameron for the development of a 500-acre deep water staging port. Upon completion, Port Cameron in Louisiana will be one of the largest private energy services facilities on the Gulf Coast.
Royal Navy's HMS Dragon Rescues Yacht Crew
Type 45 destroyer HMS Dragon rescues 14 stricken sailors from damaged British racing yacht. "The crew of Dragon have rescued 14 sailors in treacherous weather conditions today after a racing yacht suffered damage in the Atlantic ocean," says a statement from Royal Navy. HMS Dragon was diverted 500 miles away from a routine tasking to provide life-saving assistance to the crew of the 60ft Clyde Challenger racing yacht.
North P&I Club Guidelines on Minimising Risk from Ro-Ro fires
North P&I Club has published a new loss prevention briefing on how to prevent, detect and fight fires on roll-on-roll-off (ro-ro) vessels and car carriers. Such vessels are twice as likely to catch fire as other ships and vehicle-deck fires are notoriously difficult to contain and put out. The new 10-page briefing, which is free to download from the Club’s website, explains the risks of ro-ro and car carrier fires in detail.
Container Volumes zoom at Virginia Port
The Port of Virginia moved 228,516 twenty-foot equivalent units (TEUs) in January, setting a new volume mark for the month, growing volume by 18.5 percent when compared with last January and pushing the fiscal-year-to-date growth to 8 percent.The port handled the heavy volume despite two lost workdays in January that were the result of a heavy snow at the start of the month. The continued growth comes…
SCI's profits Rise
The Shipping Corporation of India Ltd (SCI) has reported a net profit of Rs.7.25 crores for the financial quarter ended 31st December 2016 (Q3 FY16-17) as compared to a loss of Rs. 20 crores reported during the quarter ended 30th September 2016 (Q2 FY16-17). With this, SCI’s net profit for the nine month period ended 31st December 2016 has increased to Rs. 43.16 crores. Increase in the Operating Income of the company during Q3 FY16-2017 is mainly attributed to the increase in tanker freights.
Cable Laying Software, MakaiLay commissioned
In the last few months, the submarine cable industry’s #1 cable installation software, MakaiLay, has been commissioned on four cable laying vessels around the world. KT Submarine (KTS, Korea) recently completed a challenging installation with one of their cable laying vessels, Segero. They also commissioned the software on their other vessel, the Responder, and are currently using it to manage a cable installation in the Pacific.
13 ULSTEIN X-CONNECT Systems Sold
Deliveries of alarm and monitoring systems (ULSTEIN AMS) for 13 tugs have been contracted to Ulstein Power & Control by US based MT. The systems are based on ULSTEIN X-CONNECT. The alarm monitoring is a part of Ulstein Power & Control’s expertise in integrated systems, while MT (Marine Technologies LLC) is a maritime expert in areas such as dynamic positioning and navigation systems. The bridge solution on the tugs has been developed by MT.
Baleària repowers high-speed ship ‘Jaume II’
Baleària repowers the high-speed ship ‘Jaume II’ to improve its energy efficiency, reliability and service. The investment totaling more than 5.5 million euros is part of the shipping line’s fleet modernization process. The work will be done at the Astilleros del Guadalquivir shipyard as an agreement has been reached with them to handle all stranding operations for its fast ferries. Work began this week to repower Baleària’s fast ferry Jaume II at the Astilleros del Guadalquivir shipyard…
OSA opens Operational Office in Singapore
On Site Alignment (OSA) has formally opened its 3rd international operational office in Singapore at the turn of 2017. The office is in the Tuas area of Singapore, which is perfectly placed to access the extensive shipyards and road networks servicing the surrounding area. The new facilities provide access to new offices and workshops. As part of the expansion, OSA has entered a strategic partnership…
DEME relies on Septentrio GNSS technology
The Belgian dredging, environmental and engineering group DEME relies on the accuracy and reliability of the AsteRx family of precise GNSS positioning solutions from Septentrio. DEME is using Septentrio’s AsteRx GNSS receivers to obtain centimetre-level accuracy for all their dredging and marine construction operations worldwide. These receivers are specifically designed to operate in difficult conditions: from ice-covered Arctic ports to the tropical climates of Southeast Asia…