Search Continues for Missing Army Aviators
Responders are continuing the search for five missing Army aviators from a downed Army UH-60 Black Hawk helicopter approximately two miles west of Ka'ena Point, Oahu, Wednesday. En route is Coast Guard Cutter Walnut (WLB 205) and crew, a 225-foot buoy tender homeported in Honolulu. None of the aviators have been located yet. Debris has been spotted and recovered near Ka'ena Point by responders. A joint…
Project to Build World’s Biggest Sailing Cargo Ship
Lloyd's Register (LR) has joined the Quadriga sustainable shipping project – an initiative from Hamburg-based Sailing Cargo, which aims to build the world’s biggest sailing cargo ship. The project outlines a plan to build a 170-meter car carrier, capable of carrying between 1,700 and 2,000 cars, which will be equipped with four DynaRig masts and will operate on hybrid propulsion with sails and diesel-electric engines, and an optional battery system for peak loads.
Strong Capesize Rates Push Baltic Index Higher
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday as rates for capesize vessels moved higher. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 40 points, or 3.31 percent, at 1,247 points - highest since April 19. The capesize index climbed 218 points, or 9.38 percent, to 2,542 points, the highest since late March.
MES Delivers Another Bulk Carrier
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 60,000 dwt type bulk carrier M.V. "Cyclades" (MES Hull No. 1958) at its Tamano Works on August 17th…
As IOC Books Cargoes, Nigerian October Liftings Mixed
India's IOC booked a total of 4 million barrels from traders Shell and Total, while Nigeria's initial October export plans mostly showed slipping levels. Export plans for Forcados, Qua Iboe, Bonny Light, Bonga Erha, Amenam and Usan nearly all showed lower figures compared with September. Forcados exports were scheduled to rise to 256,000 bpd, and Erha also showed an increase. But Qua Iboe, the largest export stream, and the other grades released were all set to slip month-on-month.
Saudis Installing Cranes at Yemen Ports
Saudi Arabia said on Thursday it was installing four cranes at three ports in Yemen to help boost humanitarian aid deliveries and was ready to assist with installing…
Indian PM Meets All WOmen Crew of Navika Sagar Parikrama
Six women officers of the Indian Navy, who are due to circumnavigate the globe on the sailing vessel, INSV Tarini, called on Prime Minister Narendra Modi. This is the first-ever Indian circumnavigation of the globe by an all-women crew. They will begin their voyage later this month from Goa, and expect to return to Goa in March 2018, after completing the circumnavigation. "Navika Sagar Parikrama is…
King Abdullah Port Bullish on Maritime Services
Specialized Marine Services (SMS), a JV between the Ports Development Company (PDC), which is the private sector owner and developer of King Abdullah Port, and the National Port Services Company, delivered 1,460 maritime services in 2016. It expects 30% increase expected by the end of 2017. SMS is the primary supplier of marine services, such as marine guidance, in King Abdullah Port. Its team includes…
Trade Across North Sea To Grow: DFDS
In spite of the ongoing Brexit discussion, DFDS continued to increase its volumes on the North Sea freight routes to and from the UK. Continued growth in the UK and EU economies is good news for all, said a press release from Northern Europe's largest shipping and logistics company. DFDS' recently published Q2 results were the best ever recorded in the company and this was among other things due to a very positive development in trade across the North Sea.
NORDEN Expands Tanker Fleet
NORDEN is in the process of increasing its tanker exposure. The purpose is to take advantage of the business opportunities provided by the fluctuations of the cyclical market, said a communicaion from the company. ”During the strong tanker markets throughout 2015 and the first half-year of 2016, NORDEN prioritised coverage. We therefore reduced the open capacity for 2017 and onwards. But in the wake of the decline in the market during the second half of 2016…
Market Conditions Unchanged: Containerships
Multimodal transport company Containerships said the guidance for 2017 remains unchanged. In 2017, Net Sales are expected to grow by 5-10% and EBITDA for the full year is expected to improve on the previous year. The company does not expect any major changes in market conditions. The challenging situation in the Mediterranean is expected to continue. Work on building the LNG vessels is ongoing and delivery will take place as planned in 2018.In addition…
Optimarin Demonstrates Total System Reliability
Environmentally friendly and compliant BWT technology company Optimarin gave a demonstration of its long-term system reliability onboard Neptune Subsea’s IMR vessel Larissa in the same week that a report from ABS revealed problems with almost half of installed ballast water treatment (BWT) systems. Optimarin has installed more than 300 of its systems worldwide, with over 500 units ordered. The 334 m3 capacity system onboard the SX130 Ulstein design Larissa was one of the first…
Port of Hamburg Maintains Seaborne Cargo Volume
At 70 million tons, first-half seaborne cargo throughput in Hamburg in 2017, including the general and bulk cargo segments, all but matched the previous year’s, being only one-fifth of one percent (0.2%) lower. In the first six months of 2017 containerized general cargo throughput at 4.45 million TEU (20-ft standard containers) was at the previous year’s level. Up by one percent at 23.5 million tons, bulk cargo throughput in Germany’s largest universal port continued to grow.
Pentalver to Expand Container Facility at DP World London
Pentalver Transport Limited has commenced work on Phase two of its container facility at DP World London Gateway. Work started to expand the container yard, located on Berth Seven of the logistics hub, on Monday, August 15. Pentalver opened the first phase of the facility in 2015, following a successful interim operation in support of customers who has commenced container operations at the new port.
TOTE to Enter U.S.-Mainland-Hawaii Trade Route
Transportation and logistics company TOTE announced its intention to establish a new domestic shipping service to Hawai’i. The company is working with Philly Shipyard to construct four new environmentally advanced containerships, custom built for the trade. This week began conversations to secure the new deep water Kapalama Container Terminal (KCT) in Honolulu for TOTE, a critical step in making the new service a reality.