HMM to Launch Arctic Sea Service
South Korea’s leading container carrier Hyundai Merchant Marine Co (HMM) is considering launching a regular liner service via the Arctic Sea, a move that could cut transits between Asia and Europe considerably, reported Pulse. South Korea’s largest ocean carrier is considering a trial operation from as early as 2020. A number of local logistics companies have ventured into the Arctic routes, but did not last due to lack of ships and crew expertise to navigate against the ice-packed waters.
Global Ports Sells Logistika-Terminal to PJSC TransContainer
Global Ports Investments PLC announced that First Container Terminal Inc., one of the Group’s sea terminals, has signed an agreement to sell its 100% shares in JSC Logistika-Terminal (LT), one of the Group’s two inland terminals, to PJSC TransContainer for a consideration of 1.9 billion Russian rubles to be paid upon completion of the transaction. The transaction will allow the Group to optimize its inland terminal network focusing on the Yanino terminal…
DoJ Closes Vantage Probe Over Petrobras Deal
Vantage Drilling International, announced that it has received a letter from the United States Department of Justice (DOJ) acknowledging Vantage's full cooperation in the DOJ's investigation concerning possible violations by Vantage of the Foreign Corrupt Practices Act, and indicating that the DOJ has closed its investigation without any action. The investigation arose in 2015 from allegations of…
Theresa May hails HMS Queen Elizabeth
The Royal Navy’s new flagship HMS Queen Elizabeth berthed in her home port of Portsmouth early on Wednesday morning and was greeted Prime Minister Theresa May visited the aircraft carrier and hailed it as a symbol of the UK’s maritime might, said a press release from UK Chamber of Shipping. “Britain truly has the best sailors, marines and officers in the world and I believe that you deserve the very best equipment. That is what we have with HMS Queen Elizabeth.
Despite being in the thick of action on many occasions, Bathurst class corvette HMAS Colac ended the Second World War with only two members of her ship’s company killed and two wounded, another amazing ship and crew being remembered 75 years on. The casualties occurred on 26 May 1945, when the ship was hit twice by Japanese artillery fire from Choiseul Island, part of the Solomon Islands group. Jim Paizis (retd)…
Golar LNG Partners in FLNG Hilli Episeyo Stake Acquisition
Golar LNG Partners announced that it has entered into a purchase and sale for the acquisition from Golar LNG Limited and affiliates of Keppel Shipyard and Black and Veatch of equity interests in Golar Hilli LLC, which will, on the closing date of the Acquisition, indirectly own the FLNG, Hilli Episeyo. The Acquired Interests represent the equivalent of 50% of the two liquefaction trains, out of a total of four…
TORM Updates Fleet Status
Denmark-based shipping company TORM sold three vessels: TORM Anne (1999-built MR vessel), TORM Madison and TORM Trinity (both 2000-built Handysize vessels) during the first six months of 2017. Furthermore, TORM completed sale and leaseback transactions for three vessels: TORM Helene, TORM Mary and TORM Vita. The three sale and leaseback transactions are treated as financial leases but have no purchase obligation attached.
US to Commission USS Lewis B. Puller
The Navy will commission the Expeditionary Sea Base USS Lewis B. Puller (ESB 3) during a 5 p.m. AST ceremony Thursday, August 17, at Khalifa bin Salman Port in Al Hidd, Bahrain. The future Lewis B. Puller - currently USNS Lewis B. Puller (T-ESB 3 )- is the second ship to bear the name of Lt. Gen. Lewis Burwell "Chesty" Puller, a distinguished combat veteran of World War II and the Korean War. Puller…
MRV Made Easy: NAPA Updates Performance Monitoring System
Maritime software, services and data analysis provider NAPA said it has updated its performance monitoring and reporting systems to enable simple, straightforward compliance with EU Monitoring, Reporting and Verification (MRV) legislation. Users of NAPA Shipping Solutions, ClassNK-NAPA GREEN and NAPA-DSME Power can easily generate MRV reports and include their performance monitoring software as their data collection method in the monitoring plan due on August 31, 2017.
Detyens Sees Uptick in International Repair Work
International vessels have been trading in the Port of Charleston, S.C. for centuries. While Charleston is the sixth largest container port in the U.S., it is also home to Detyens Shipyards, Inc (DSI). In the past several years, DSI has seen an increase in the number of dry dock inquiries and bookings from International vessel operators. “In the last two quarters, we’ve dry docked eight internationally owned and operated vessels,” explained Peter Browne, Vice President of Estimating.
Buzby Sworn in as Maritime Administrator
Rear Adm. Mark H. Buzby, USN, Ret. has been sworn in as the Administrator of the Maritime Administration by U.S Secretary of Transportation Elaine L. Chao. As Maritime Administrator, Buzby will lead the agency tasked with promoting the use of waterborne transportation and its seamless integration with other segments of the transportation system; and the development and maintenance of an adequate, well-balanced U.S.
Latest Gulf of Mexico Auction Signals Offshore Return
Major oil producers pushed up high bids at a Gulf of Mexico offshore auction to $121 million on Wednesday, a nearly seven-fold increase from a year ago, as their return to deep water exploration gained momentum. This compared with $18 million in high bids at the Bureau of Ocean Energy Management's (BOEM) Outer Continental Shelf auction last summer. Winners will be announced after a 90-day review. Some…
Milaha Launches Kuwait Service amid Diplomatic Crisis
Qatar Navigation (Milaha) , a top Doha-based shipping and logistics group, said on Wednesday it had launched a new container service to Kuwait amid a diplomatic crisis that has seen it lose access to regional trans-shipment hub, Dubai. Milaha will operate the weekly, direct service between Kuwait and Qatar using a vessel capable of handling the equivalent of 515 20-foot containers, the company said in a statement.
UKHO Supports HMS Queen Elizabeth in Portsmouth
The United Kingdom Hydrographic Office (UKHO) has supported the safe arrival of HMS Queen Elizabeth into Portsmouth by providing specialist marine geospatial and hydrographic expertise and data capabilities. Following initial dredging operations to make Portsmouth’s navigation channel and entrance deeper, hydrographic data was collected by the survey launch HMS Gleaner using modern multibeam echosounder technology to confirm the available water depth.
Shifting Oil Market Dynamics Key to Tanker Trade Prospects -MSI
The Q3 2017 tanker market is proving vexatious for owners still struggling with the effects of fleet oversupply. But in its latest monthly forecast, Maritime Strategies International (MSI) observes that changing trade patterns could help stabilize the market toward year-end and into 2018. With all-OPEC crude exports setting record highs in July, the cartel’s attempts at lowering production are clearly open to question.
Hybrid Propulsion Solution for Fish Farming Vessel
Wärtsilä said it has been contracted to deliver the ship design for a new processing and transportation vessel to be built at the Balenciaga shipyard in Spain on behalf of Hav Line AS of Norway. In addition to the design, Wärtsilä will also supply an integrated solution comprising a 10-cylinder Wärtsilä 31 main engine, auxiliary engines, propulsion machinery, the propulsion remote control system, and the electrical and automation system.
Baltic Index Continues Winning Streak
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, on Wednesday continued its winning streak as demand for capesize vessels strengthened. Rising for the thirteenth straight session, the overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 38 points, or 3.25 percent, at 1,207 points, touching its highest since April 20.
US-flag Great Lakes Shipping Dips Slightly in July
U.S.-flag Great Lakes freighters (lakers) moved 9.7 million tons of cargo on the Great Lakes in July, a decrease of 1.5 percent compared to a year ago, the Lake Carriers' Association (LCA) reported. July’s shipments also trailed the month’s long-term average by 8.4 percent. Iron ore cargos for steelmaking totaled 5 million tons, an increase of 8.7 percent compared to a year ago, while coal loadings slipped 16.7 percent to 1.4 million tons and limestone cargos hauled in U.S.
Cruise Ship MS Bremen Certified to Polar Code
Hapag-Lloyd Cruises’ expedition cruise ship, the 155-passenger MS Bremen has become one of the first passenger ships in the world to receive the Polar Ship Certificate which will be mandatory for ships operating in the polar regions from January 2018. MS Bremen was awarded Polar Code certification by classification society DNV GL following a two-year long phase of intense preparation, leading the way…
Army Helicopter Reported Down in Waters off Oahu
U.S. Coast Guard and U.S. Army personnel are responding to a report of a downed Army UH-60 Black Hawk helicopter with five crew aboard approximately two miles west of Kaena Point, Oahu, Wednesday.