OOCL Germany Delivered
OOCL celebrated the christening of Hull H2173, a 21,413 TEU newbuilding constructed at the Samsung Heavy Industries shipyard on Geoje Island. Named as OOCL Germany, this mega containership is the second of the six 21 thousand TEU class vessels on order at the shipyard and they are an important part to enhancing the competitiveness and efficiency of our modern fleet. As with many of our newbuildings…
Diana Containerships Reports 1-for-7 Reverse Stock Split
Diana Containerships, a global shipping company specializing in the ownership of containerships, today announced that its Board of Directors has determined to effect a reverse stock split of the Company’s common shares, par value $0.01 per share, at a ratio of one-for-seven. The Company’s shareholders approved the reverse stock split and granted the Board the authority to determine the exact split…
HMM’s Cargo Processing at Busan Port Hit Record
Hyundai Merchant Marine (HMM) announced that its cargo processing at Busan Port, the largest sea gateway in Korea, has hit a new record. HMM handled 167,018 TEUs of cargo through the port in July, increased by 93 percent year-over-year. HMM has previously set a record of handling over 150 thousand TEUs in Busan Port in April and successfully set a new record of handling over 160 thousand TEUs after just three months.
King Abdullah Port Throughput up by 14% In H1 2017
King Abdullah Port announced the increase of its throughput to 821,694 TEU in the first half of 2017, representing an increase of around 14% compared to the same time last year, where the throughput was 720,483 TEU. The port also announced an increase in the number of vessels received during the same period, reaching 398 vessels compared to 349 in the first half of 2016, also representing a 14% increase.
Search Area Expanding for USS John S. McCain Sailors
The search for missing Sailors assigned to the guided-missile destroyer USS John S. McCain (DDG 56) continues in the South China Sea and within the ship itself. On Aug. 22, Adm. Scott Swift, commander, Pacific Fleet, announced that the remains of a number of the 10 missing John S. McCain Sailors were discovered within the ship. On Aug. 23, U.S. Navy and Marine Corps divers continue to search the ship, seeking to locate more of the missing Sailors.
Kalmar Signs Deal with DP World Australia
Kalmar, part of Cargotec, continues its long-term cooperation with DP World Australia, the country's largest stevedore, with orders of 38 new machines for its new logistics arm, DP World Logistics Australia. The orders include 7 Kalmar reachstackers, 11 loaded and 20 empty container handlers. 22 units have successfully been delivered to DP World Logistics Australia's Botany Intermodal terminal with the remaining equipment to be delivered by September 2017.
Matson to Upgrade Honolulu Terminal
Matson Navigation Company, a leading U.S. carrier in the Pacific, has signed contracts with Paceco Corporation for the purchase of three new 65 long-ton capacity cranes and modifications to upgrade three existing cranes at its Sand Island Terminal in Honolulu Harbor. The investments are part of a broader $60 million terminal expansion and modernization program Matson is undertaking to prepare its operational…
Seaspan Takes Delivery of 11,000 TEU Containership
Seaspan Corporation said it has accepted delivery of the MSC Shuba B, an 11,000 TEU containership that will commence a 17-year fixed-rate bareboat charter with Mediterranean Shipping Company S.A.
Two New Tugs for KZN Ports
Transnet National Ports Authority (TNPA) celebrated a twin milestone for its KwaZulu-Natal ports as part of its R1.4 billion ($106.3 million), nine-tug construction contract. On Thursday, 22 August the new USIBA tug was christened and named ahead of its delivery to the Port of Richards Bay, while the Port of Durban took delivery of its Umbilo tug which had been launched and named in May. The vessels are the sixth and seventh respectively to roll off the production line on time and within budget.
Grindrod Plans to Spin off Shipping Business
Grindrod, the South Africa-listed freight logistics and shipping services firm, is planning to separate and list its shipping business in order to unlock its value, the company said on Wednesday. Grindrod, which also has a financial services business, has held the view for many years that the value of its shipping services was not fairly reflected in its share price. Executive Chairman Mike Hankinson said the board has resolved to investigate a separate listing of the business offshore.
Bangkok’s Chao Phraya Tourist Boat
Many visitors to Bangkok will experience a ride on the Chao Phraya Express boats. These long, sleek, wooden, commuter boats, with their dramatically raked bows, are a staple of the river’s traffic. They can also be very crowded and, with many stops, a bit of a challenge to the tourist. A popular alternative is the tourist boats. These vessels have a more limited route and series of stops, all of which are near important tourist destinations such as the Grand Palace and Wat Arun…
Weeks Marine Selects Vessel 365 for SubM Compliance
Weeks Marine has selected MarineCFO’s Vessel 365 product to achieve Subchapter M compliance for the 15 tugs in its Marine Services Division. Jan Andrusky, Towing General Manager for Weeks Marine, said, "We are very pleased with the Vessel 365 product. The functionality is exactly what Weeks Marine and the tug and barge industry needs to achieve Subchapter M compliance. Vessel 365 will help us meet regulatory requirements and is an ideal complement to our Towing Safety Management System.
Fincantieri Floats Out MSC Cruises Newbuild
The second ship in the MSC Cruises’ Seaside class, MSC Seaview, has entered the final phase of construction at the Monfalcone shipyard in Italy, where MSC Cruises and FINCANTIERI celebrated the vessel’s float out. MSC Seaview is the second of MSC Cruises’ Seaside generation of cruise ships, based on a prototype designed to bring guests closer to the sea, for warmer climates and the ultimate sun and sea cruise experience.
USS Rafael Peralta Destroyer Powered by GE Gas Turbines
The U.S. Navy’s USS Rafael Peralta (DDG 115) destroyer was commissioned at its homeport of San Diego, Calif., on Saturday, July 29. The vessel is powered by four GE LM2500 marine gas turbines. “This sophisticated new Arleigh Burke-class destroyer is part of the U.S. Navy’s Flight IIA for the DDG 51 and it is powered by on our LM2500 – the world’s most reliable marine gas turbine – in a combined gas turbine and gas turbine or COGAG configuration…
Double Naming Ceremony for Stena Bulk at GSI
Two newly built vessels owned by Stena Bulk, Stena Imperator and sister ship Stena Imprimis, were named side by side at the Chinese shipyard Guangzhou Shipbuilding International (GSI) in Guangzhou in southeast China. The two godmothers – for the Stena Imperator, Ylva Syrén Carlsson and for the Stena Imprimis, Denise Baum – wished the vessels, their captains and crews fortune and prosperity on the seven seas and swung the bottles of champagne against the tankers’ bows.
Vesconite Introduces Thicker Plate Stock
Whether a simple wear plate or machined into a complex, multi-faceted shape, many projects call for a material of substantial thickness. Vesconite and Vesconite Hilube plate stock is now available in sizes up to 4" thick. The plates are available up to 8" wide and 10' long. Because stock can be ordered close-to-size, machining time and costs are reduced. Vesconite and Vesconite Hilube are self-lubricating and have no stick-slip, so grease is unneeded.
UK Tug Operator Extends Turkish Built Fleet
By purchasing a brand new tug from Sanmar Shipyards, U.K. operator SMS Towage has taken delivery of its seventh ASD tug built by the Turkish tug builder. The new tug is named Superman, continuing an established pattern – the previous six Sanmar built tugs in the SMS fleet are called Statesman, Scotsman, Yorkshireman, Masterman, Englishman and Merchantman. The new tug is of the Sanmar exclusive Robert Allan Ltd RAmparts 2400 SX design, designated by the builder as the Bogacay series.
NOFIRNO Technology for Sealing the Exhaust of a Diesel Power Pack
Diesel generators in the form of ready-made power packs in container format are vulnerable in terms of water tightness, particularly around the diesel generator's exhaust. This is a serious problem in environments such as aggressive sea climates where many offshore power packs are installed. The danger of corrosion is always lying in wait, while any incoming water can also have serious consequences for the reliability of the electrical systems.
India to Buy $1 Billion of US Crude Oil
Following Indianan Prime Minister Narendra Modi’s June 2017 visit to the U.S., where President Donald Trump and PM Modi agreed to deepen the energy engagement between the two countries, India oil companies have started the process of procuring crude oil from the U.S. Now six weeks after the visit, the first orders for $1 billion of crude are being placed. Two Indian oil giants, Indian Oil Corporation and Bharat Petroleum…
Baltic Index Slides on Lower Rates for Larger Vessels
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped for the second straight session on Wednesday, hurt by falling rates for larger vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 27 points, or 2.16 percent, to 1,222 points. The capesize index shed 107 points, or 4.3 percent, at 2,382 points - its biggest one-day percentage fall since July 27.