SM Line Launches New Shipping Services
South Korea's new container carrier, SM Line, which is built mainly on the remains of collapsed Hanjin Shipping, plans to kick off operations with as many as nine routes this year. According to Yonhap, it will begin its services to Thailand, Vietnam, Japan and other regions with a fleet of 12 container ships. The carrier then wants to grow to 41 ships on 25 routes over the next five years. Late last year, SM Group, which owns South Korea's No.
Hanjin Shipping to be Delisted Today
Hanjin Shipping, once the country's top shipping line, will be delisted from the domestic bourse today (March 7), ending its eight-year trading history, Yonhap News Agency said citing industry sources. According to the Korea Exchange (KRX) the company will be delisted from the main KOSPI market after seven sessions of sell-off trading. It was listed on the bourse Dec. 29, 2009, at 21,300 won ($18.41). It reached a record high of KRW 38,694 per share in January 2011.
G2 Ocean Given All Anti Trust Approvals
The US Department of Justice has approved the establishment of G2 Ocean. Authorities in Poland, Germany and Brazil have already approved G2 Ocean. This means the joint venture between Gearbulk and Grieg Star is a vital step closer to reality. The project is on schedule to have G2 Ocean fully operational by the end of the first half of 2017. "We anticipated such a conclusion from the authorities. But that does not mean the final approval was not received with joy.
Chidambaranar Port Trust Celebrates Safety Week
46th Safety Week Celebration was inaugurated in V.O. Chidambaranar Port. The Safety Week Celebration for the year 2017 commenced with the flagging off of safety procession by U. Rajendran, Traffic Manager, V.O.Chidambaranar Port Trust. A huge gathering of Officers & Employees of the Port, Port Users & Stakeholders participated in the procession from V.O.C Square to the Multipurpose Hall at Port. In the Inaugural Function at Multipurpose Hall, S. Natarajan, Deputy Chairman V.O.
S. African Watchdog Seeks Penalty Against K-Line
South Africa’s competition watchdog is seeking to fine Japan’s Kawasaki Kisen Kaisha (K-Line) as much as 10 percent of its annual revenue in the country for colluding on a tender for the transport of Toyota Motor Corp. vehicles, reports Reuters. The commission believes action must be taken against it for price fixing‚ market division and collusive tendering involving the transportation of Toyota…
US, Japan to Participate in MultiSail 2017
The U.S. Navy and Japan Maritime Self-Defense Force (JMSDF) are participating in the annual bilateral training exercise MultiSail 2017, March 6-10. Participants include six U.S. Navy ships, two JMSDF ships, and a number of subsurface and other special units. MultiSail is a bilateral training exercise which improves interoperability between U.S. and Japanese forces. This training provides real-world proficiency through detecting…
DryShips Opts for Second VLGC Newbuild
DryShips Inc., owner of ocean going cargo vessels, said it has exercised its second option under a previously announced option agreement to acquire up to four very…
Ice Kings: Model Testing Ship-ice Interactions
Model testing ship-ice interactions in the St. In a cavernous room in the heart of a research center in St. John’s, Newfoundland at 8 am, the air temperature is -20 C while the water temperature is hovering at zero. National Research Council of Canada (NRC) staff are preparing the Ice Tank to test the integrity of a newly designed ship’s hull and propulsion system by subjecting a model to a battery of maneuvers and encounters with ice.
Harley Marine Christens Earl W Redd
Harley Marine Services christened its newest tractor tug Earl W Redd, officially welcoming her to the fleet on Friday, February 10. Built at Diversified Marine of Portland, Ore., the Earl W Redd features twin Cat 3516 Tier 4 Final main engines that will each produce 2,675 horsepower at 1,600 rpm. Each of the engines is paired with a selective catalytic reduction (SCR) after treatment system that uses…
A New Tug Class for Med Marine
Construction will soon commence on the first of a newly designed variant of the RAmparts series of tugs from Robert Allan Ltd., the RAmparts 2300-MM, developed exclusively for Med Marine to be built at its shipyard in Turkey. The new tug will be the first of six vessels expected to be completed within the next 2-3 years, with the leading vessel expected for delivery in late 2017. The signing ceremony for the new contract took place on February 9 at the Med Marine Head Office in Istanbul, Turkey.
ABB: Propelling the Polar Cruise Boom
Leveraging its experience in the distinct polar and cruise vessel segments, ABB and its Azipod are at the forefront of the booming polar passenger vessel market. As world travelers continually seek access to more exotic and exciting destinations, evolving cruise shipping trends have triggered an order boom for passenger vessels capable of plying some of the most treacherous Arctic and Antarctic routes.
Top 10 Container Ports by Volume
It comes as no surprise that the world’s top 10 container ports by TEU volume are all located in Asian countries. Seven of those top ports are Chinese, with Shanghai leading the way with 36.54 million TEU in 2015, according to data compiled by the World Shipping Council. At number 11 globally, Rotterdam (12.23 million TEU) just missing cracking into the top 10 but ranks as the top European port. Los Angeles (8.16 million TEU) is the top container port in the Americas, and 19th in the world.
ShipConstructor Drives Automatic Welding Robots
The last barrier to robotic shipbuilding has just fallen. What comes next will be truly exciting. It wasn’t too long ago that SSI and Wolf Robotics demonstrated some co-development which automatically drove a fully autonomous welding robot to weld several ship panels. SSI develops Autodesk based solutions for the shipbuilding and offshore industry including ShipConstructor software, an AutoCAD based CAD/CAM product line; and EnterprisePlatform, a tool for sharing product data model information.
OP/Ed: New Year, New Opportunity
The start of a new year often brings change, but in the nation’s capital, 2017 means a new President and Administration, and a new Congress. Waterways Council, Inc.’s objective remains the same as it has since our start in 2005: to advocate for a modern, efficient and reliable inland waterways transportation system. For WCI, achieving this means working from our “three-legged advocacy stool” approach to educating these new Washingtonians through direct lobbying…
ALMACO to Deliver Project Resolve Superstructure
Canadian shipbuilder and industrial fabricator Davie Shipbuilding has awarded ALMACO Group the contract for the delivery of the superstructure of Project Resolve, a Navy AOR vessel, the first project carried out as part of ALMACO and Davie’s cooperation and technology transfer. The vessel’s superstructure will be delivered by ALMACO as a single structure to be integrated to the hull at the Davie shipyard.
IBM, Maersk in Blockchain Tie-up for Shipping Industry
IBM and Danish transport company Maersk said they were working together to digitize, manage, and track shipping transactions using blockchain technology. The technology, which powers the digital currency bitcoin, enables data sharing across a network of individual computers. It has gained worldwide popularity due to its usefulness in recording and keeping track of assets or transactions across all industries.
Memorial Service Held 30 Years After Ferry Tragedy
Grieving families affected by the Herald of Free Enterprise RO/Ro passenger ferry disaster gathered to mark the 30th anniversary memorial service in Dover on March 6.
Arctic Sea Ice May Vanish Even If World Achieves Climate Goal
Arctic sea ice may vanish in summers this century even if governments achieve a core target for limiting global warming set by almost 200 nations in 2015, scientists said on Monday. Arctic sea ice has been shrinking steadily in recent decades, damaging the livelihoods of indigenous peoples and wildlife such as polar bears while opening the region to more shipping and oil and gas exploration. Under the 2015 Paris Agreement…
Subsea 7 Awarded Subsea Work Off Australia
Subsea 7 S.A. said it has been awarded a “sizeable” contract by Cooper Energy Ltd for the Sole Development Project, offshore Australia. Subsea 7 defines a sizeable…
Marine Link's Joe Keefe Sounds off on Oregon Public Broadcasting
Marine News and Maritime Logistics Professional editor Joseph Keefe last week spent 10 minutes with Oregon Public Broadcasting to discuss the fate and the future of Oregon's only deep water port. Listen in to find out more. As ICTSI Oregon, Inc. and the Port of Portland mutually agreed to terminate a 25-year lease agreement to operate the container facility at the Port’s Terminal 6, the agreement allows ICTSI Oregon to be relieved of its long-term lease obligations effective March 31…