TMC Compressors Ordered for Star Cruises Newbuilds
Marine compressor supplier TMC Compressors said it has won a contract from shipbuilder MV WERFTEN to supply a complete compressed air system to two new cruise ships the German shipyard group is building for Genting Hong Kong’s Star Cruises. Under the contract, TMC will manufacture and deliver 4 x 85 KW marine compressors as well as 4 x RD600 air driers to each of the two cruise ships. The equipment will be delivered to MV WERFTEN’s yard in Wismar, Germany, where the cruise ships are being built.
Keppel Bags $85 Mln Conversion and Repair Projects
Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly owned subsidiary, Keppel Shipyard Ltd (Keppel Shipyard), won four contracts worth a total of $85 million for the conversion…
Capesize Demand Buoys Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday as demand for capesize vessels increased. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 26 points, or 2.88 percent, at 929 points. The capesize index gained 104 points, or 9.76 percent, to 1,170 points. Average daily earnings for capesizes…
Lenders Ramp up Pressure on 'Toxic' Shipping Debt
Financiers are set to take a tougher stance towards distressed shipping loans including more enforcement action to recoup funds, while capital on offer to the industry is expected to shrink further…
China Launches New Class of Naval Destroyer
China's military on Wednesday launched a new type of domestically-built destroyer, state media said, the latest addition to the country's rapidly expanding navy.
Maersk Unable to Process Orders after Cyber Attack
Shipping giant A.P. Moller-Maersk, which handles one in seven containers shipped worldwide, is not able to process new orders after being hit by a global cyber attack, it told Reuters on Wednesday.
MSC, Maersk Work on Data Sharing after Cyber Attack
Swiss container line MSC (Mediterranean Shipping Company) is working with vessel-sharing partner Maersk to find ways to share data after a cyber attack on the Danish company, MSC said on Wednesday. MSC said it was prepared to divert ships away from affected Maersk terminals. "We are working together to find other means to transmit data between the two companies. This includes ... customs information…
India's Largest Box Port Hit by Cyber Attack
Operations at one of three terminals at India's largest container port JNPT, near the commercial hub of Mumbai, have been disrupted by the global ransomware attack, the port said on Wednesday. The affected terminal is operated by Danish shipping giant AP Moller-Maersk, which said on Tuesday that the cyber attack had caused outages in its computer systems globally. Clients were notified on Wednesday…
India to Boost Cruise Tourism
Indian Minister of Shipping Nitin Gadkari has said that Cruise Tourism is one of the fastest growing components of the leisure industry worldwide, and can be a major growth driver for the Indian economy by generating huge employment opportunities. Gadkari was speaking at the National Workshop on “Action Plan for Development of Cruise Tourism in India”, in New Delhi today. The workshop was also attended by Minister of State for Culture and Tourism Dr Mahesh Sharma…
Denmark to Host European Maritime Day in 2024
In 2024, Denmark will be hosting European Maritime Day with more than 1,000 participants. With its maritime surroundings, the city of Svendborg will be the setting of the conference, said a press release from Danish Maritime Authority. European Maritime Day is one of Europe's largest maritime conferences. The Council of the European Union has awarded Denmark the honour of hosting the conference in 2024.
Maersk Bullish on India
Domestic reforms have slowed down India’s trade momentarily, thereby weakening domestic demand. However, A.P. Moller – Maersk expects Indian EXIM trade to pick up pace in the next quarter. “This dip in import growth was due to piling up of inventory in the market post demonetisation and lack of clarity around Good and Service Tax. It is noteworthy that despite the looming threat of the current geopolitical environment worldwide on global trade…
Wan Hai Boosts China - Southeast Asia Service Network
Wan Hai Lines has announced its plan to expand the service network on China-Vietnam/Thailand corridors in July, by restructuring China-Vietnam-Thailand (CVT service) and cooperating with COSCO Container Lines with a new joint N.PRC-Thailand service (CT1) and securing slots on COSCO’s E.PRC-Thailand service. Wan Hai Lines’ independent CVT service will be restructured with effect from 10th July 2017…
IMO: Focus on GHG Emissions
Nearly 300 delegates from International Maritime Organization (IMO) Member States, international NGOs and intergovernmental organizations have gathered at IMO Headquarters in London for the first meeting of the Intersessional Working Group on Reduction of Greenhouse Gas (GHG) Emissions from Ships (26-30 June). The group, which is meeting in a closed session, will provide a report to next week’s session of the Marine Environment Protection Committee (MEPC 71) (full preview here).
Deltamarin Targets Better Ship Efficiency
Deltamarin said it aims to help ship owners and operators boost vessels’ energy efficiency with its new smart simulation tool, offering several items with significant fuel saving potential (3-6 percent of total fuel costs). Deltamarin’s “Energy and Environmental Efficiency” (EEE) ship design process includes several dimensions, such as practical design tools for modeling the energy consumption, a consistent…
Wood Group Bags Alexandroupolis FEED
Wood Group has secured a new front end engineering design (FEED) contract with Gastrade S.A. for the Alexandroupolis Independent Natural Gas System (INGS) offshore Greece. The project, to develop a floating liquefied natural gas (LNG) receiving, storage and regasification unit (FSRU), will create a new natural gas gateway to the markets of south eastern and central Europe. Wood Group’s subsea team…
Current and Former WWL Execs Accused of Price Fixing
Two former and one current executive of the shipping company Wallenius Wilhelmsen Logistics AS (WWL) have been indicted on charges of fixing the prices of some international ocean shipping, the U.S. Justice Department said on Tuesday. Former executives Arild Iversen and Anders Boman were indicted in November 2016 along with current executive Kai Kraass, the department said. The indictment was unsealed on Tuesday.
Thustmaster Expands Its Waterjets Team
Marine propulsion and thrusters manufacturer Thrustmaster of Texas announced that Leonard Hill and Jason Hill have joined its waterjet team, bringing with them more…
Garry Joins Bouchard as Regulatory Compliance VP
Shawn Garry has joined Bouchard Transportation Co., Inc. as Vice President of Regulatory Compliance and Inspections, tasked with ensuring that the company achieves regulatory compliance and meets SubChapter M requirements. Garry will be the primary contact for Gulf Coast region internal and external vetting, SIRE, ABS, USCG and ISM. Prior to joining Bouchard, Garry worked at the U.S. Coast Guard as an Engineer of the Watch Afloat, Senior Marine Inspector, and Marine Casualty Investigator.
Cooper Group Selects ABS for Sub M Services
ABS said it has been awarded a Third Party Organization (TPO) contract by the Cooper Group of Companies to support compliance with U.S. Coast Guard (USCG) Subchapter M requirements. “ABS anticipated the needs that would surface when the Subchapter M regulations were published and allocated resources to develop a range of solutions,” said ABS Americas Division President, Jamie Smith. The newly signed contract establishes ABS as the exclusive Subchapter M TPO for Cooper Group and its subsidiaries…
Telenor Expands Communication Services for DFDS
Global maritime mobile operator Telenor Maritime said it will expand communications services for longstanding partner DFDS, deploying its connectivity platform with Premium Wi-Fi, Ka VSAT and mobile broadband backhaul for the Northern European shipping company. “We are moving fast forward into the Networked Society, and we are expecting the same experience whether we are at home or at sea when using our mobile devices,” said Frode Støldal, CEO of Telenor Maritime.