CMA CGM to Tap Indonesian Market
CMA CGM aims to increase its market share in Indonesia to 20 percent by year-end from the current 13 percent, reported The Jakarta Post. The company's senior vice president in Asia, Jean-Yves Duval said that with aggressive marketing, as well as longer and more efficient routes, we believe we can have 20 percent of the market by end of 2017. Recently, the Transportation Minister Budi Karya Sumadi and…
Yang Ming Halts Container Service to Iran
Taiwan’s troubled Yang Ming Marine Transport Corp is halting its container service to Iran, becoming the first foreign shipping line to abandon the route a year…
European Banks Back Green Shipping Deal
The European Investment Bank and Dutch bank ABN Amro will sign an agreement to support investments for greening the European shipping fleet. This framework is the first with a financial institution in the Netherlands and is supported by the Connecting Europe Facility and was made possible by the EFSI (European Fund for Strategic Investments), central pillar of the Juncker Commission’s Investment Plan for Europe.
DSME Deal Non-starter
The creditors of Daewoo Shipbuilding & Marine Engineering (DSME) still remain undecided over afor the shipyard's latest deal, further complicating troubles for one of the country's major shipyards, Yonhap reported. DSME clinched a US$250 million deal to build three very large crude carriers (VLCCs) on April 4. Under the deal with Maran Tankers Management, a unit of Greece's largest shipper Angelicoussis Shipping Group, Daewoo Shipbuilding will deliver the 318,000-ton VLCCs by 2018.
Turkey Raises Marine Pollution Fines
Turkey has raised the fines for marine pollution by 41 percent, Daily Sabah reported quoting the Ministry of Transport, Maritime Affairs and Communication. The Ministry has also implemented stricter regulations after a ship hit rocks and spilled 50 tons of fuel in western Turkey. The ministry's decision follows the incident involving Lady Tuna, a ship which hit rocks on December 18, 2016 and was…
Jadrolinija Ferries Collide in Zadar
Two Jadrolinija ferries collided last night at port of Gaženica but none of the passengers or crew members was injured in the collision and there was no pollution of the sea. According to a report in Index, the ships did not suffer any significant damage and that the collision was due to a technical problem that arose on 'Sis'. The ferry 'Sis' broke down and continued to move towards 'Juraj Dalmtinac' which was moored at the port. Both vessels collided and broke its outer hull.
Austal Delivers Expeditionary Fast Transport Ship to Navy
Austal USA has delivered its eighth expeditionary fast transport ship to the U.S. Navy. The 338-foot long Yuma is an aluminum catamaran capable of transporting 600 tons, 1,200 nautical miles at an average speed of 35 knots, and is designed to operate in austere ports and waterways, providing added flexibility to U.S. warfighters worldwide. The ship's flight deck can also support flight operations for a wide variety of aircraft, including a CH-53 Super Stallion.