Stronger Capesize, Panamax Rates Lift Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose over 1 percent on Tuesday on improving demand for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 14 points, or 1.21 percent, at 1,169 points - a peak since April 24. The capesize index rose 62 points, or 2.96 percent, to 2,155 points.
Boskalis Acquires Subsea Survey Firm Gardline
Netherlands based Royal Boskalis Westminster N.V. said it has acquired all shares of the U.K. based Gardline Group, a firm specializing in marine geophysical surveys, offshore geotechnical services and environmental surveys. The consideration paid including assumed debt amounts to approximately £40 million ($51.4 million). Gardline was established in 1969 and was a second-generation family-owned business with principal offices in Great Yarmouth, U.K.
Iran: Drones Near U.S. Warships are Safe
Iran's powerful Islamic Revolutionary Guards Corps (IRGC) rejected U.S. criticism that it flew a drone unsafely near a U.S. aircraft carrier in the Gulf and it defended…
Philippines says China Will Halt Expansion in South China Sea
China has assured the Philippines it will not occupy new features or territory in the South China Sea, under a new "status quo" brokered by Manila as both sides try to strengthen their relations…
MTU 4000 Engines to Power Harbor Tugs
Rolls-Royce and Sanmar Shipyards in Turkey have signed a contract for the delivery of eight MTU Series 4000 engines for four new terminal tugs, including an option for a further four engines. The tugs will each be fitted with two 16V 4000 M73L MTU engines, each delivering an output of 2,700 kW (at 1,850 rpm). The MTU brand is part of Rolls-Royce Power Systems. Sanmar and MTU have been working closely together since 2009.
Voith Completes First Major Marine Overhaul at New UK Facility
Voith Turbo, a manufacturer of a wide range of products for the marine industry, said it has completed its first major refurbishment project in a brand new U.K. facility. The complete overhaul of a 26-metric-ton Voith Schneider Propeller (VSP) has been carried out for Red Funnel, the Isle of Wight ferry company based in Southampton, at Voith’s Croydon workshop. The refurbishment follows Voith’s investment in specially designed jigs…
Volvo Penta Names Ljungström VP of Finance, CFO
Lars Ljungström has been appointed to vice president of finance and chief financial officer (CFO) for Volvo Penta of the Americas, effective July 2017. Ljungström will provide strategic leadership over finance, planning, budgeting and reporting for North, South and Central America and the Caribbean. He will also oversee coordination of IT systems and services, as well as legal and sales operations.
US Iron Ore Shipments Remain Strong
Iron ore, dry bulk cargo and general cargo shipments remain strong on the St. Lawrence Seaway, with overall tonnage up 18 percent over last year. The St. Lawrence Seaway Management Corporation reports that cargo shipments from March 20 through July 31 totaled more than 16 million metric tons – up 2.5 million metric tons over the same period in 2016. “We continue to see demand for raw materials that are needed for construction and in the manufacturing and automotive industries…
Battered by Waves, British Coastguard Completes Daring Sea Rescue
A British rescue worker was battered by waves but still completed a daring sea rescue after three people got into difficulty on the west coast of England, a video…
Undersea Technology: A Strategic Rhode Island Advantage
In 1869, the U.S. Navy’s first research facility—the Naval Torpedo Station—was built on Newport, Rhode Island’s Goat Island. This rich history continues today, as the state is home to the Naval Undersea Warfare Center, which provides the technical foundation to ensure the U.S. Navy’s undersea superiority. Fitting for “the Ocean State,” we have identified more than 170 Rhode Island organizations that touch undersea technology—and we believe that is a conservative count.
Migrant Rescue Ship Threatened by Libyan Coastguard
The Libyan coastguard intercepted a humanitarian rescue ship in the Mediterranean on Tuesday, ordering it to sail to Tripoli or risk being targeted, a Reuters photographer aboard said.
Saudi Aramco Selects CTG Ballast Water Testing Device
Oil producer Saudi Aramco has selected Chelsea Technologies Group (CTG), designer and manufacturer of sensors for the maritime sector, to provide benchmark testing for compliance with ballast water standards. This follows Saudi Aramco’s announcement that all ships calling at its ports and terminals will be required to provide ballast water samples, in order to demonstrate compliance with the International Maritime Organization’s (IMO) Ballast Water Management Convention (BWM Convention).
UK Chamber Welcomes Proposed Customs Arrangements
The UK Chamber of Shipping has welcomed proposals for customs arrangements that could be implemented after the UK’s departure from the European Union, which were published today in a new paper from the Department for Exiting the European Union (DExEU). The 'Future Customs Arrangements' report, argues that the UK could either seek a “highly streamlined” customs arrangement with the EU or else strike a new, bespoke deal.
Singapore Revokes Panoil Petroleum's Bunker Licence
The Maritime and Port Authority of Singapore (MPA) has revoked the bunker craft operator licence of Panoil Petroleum, effective 14 August 2017. Panoil will no longer be allowed to operate as a bunker craft operator in the Port of Singapore. "As part of MPA’s on-going regulatory efforts to ensure the safety, reliability and quality of bunker supplies in Singapore, checks were conducted on Panoil Petroleum Pte Ltd between January and March 2017," said a statement from MPA.
Danish Shipping Asseses New Ship Recycling Initiatives
The European Commission has published its long-awaited position on the feasibility of introducing a financial incentive to ensure that more ships are recycled at EU-approved facilities. Danish Shipping is opposing such a financial scheme but agrees with the Commission’s conclusion that effects of existing legislation must be known before introducing new initiatives. The Commission will not commit to a new license scheme for ship recycling.
IBIA Supports Efforts to Ensure Integrity of MFM Systems
The International Bunker Industry Association (IBIA) believes the benefits achieved from adopting mandatory use of Mass Flow Meters (MFMs) for marine fuel oil deliveries in Singapore must be protected by effective enforcement, and that using approved MFMs to measure quantity being loaded onto bunker tankers as well as that delivered to ship would address a missing link in supply chain integrity. The…
Navig8 to Acquire 32 Chemical Tankers
Navig8 Chemical Tankers Inc, international shipping company focused on the transportation of chemicals, has entered into contracts to acquire 32 modern, fuel-efficient newbuilding chemical tankers. As of today, 31 of these vessels have been delivered and are in operation, the company said in a press release. The remaining vessel is scheduled to be delivered in the third quarter of 2017.
North P&I Club Appoints Dawn Robinson as Global Director
North P&I Club has appointed a new Global Director of People as part of a company-wide focus on driving forward leadership and development. Dawn Robinson has joined the global marine insurer following three years in a world-wide role at Nomad Digital and previous appointments with Sage PLC as well as Finland based Outotec. Dawn brings with her a wealth of experience in change management, leadership and development, operations and employee relations.
BPA Wants Reassurances on Borders Post Brexit
Commenting on the publication of the Government’s Brexit negotiating position paper on customs, the British Ports Association (BPA)’s Chief Executive, Richard Ballantyne today welcomed the focus on continuity but suggested that further reassurances were needed on future customs arrangements at the border. Commenting Ballantyne said: “We welcome the Government’s priorities to ensure a smooth transition…
PSA, PIL, IBM on Blockchain Development
Ocean carrier Pacific International Lines (PIL), terminal operator PSA International and IBM plan to utilize blockchain for better security, efficiency and transparency in supply chain business networks and trade finance. Three companies signed a Memorandum of Understanding (MOU) today to explore and trial proof of concept (POC) blockchain-based supply chain business network innovations. The MOU was signed by Ms Lisa Teo…