Wärtsilä Supplies Propulsion for Fishing Vessel
Lunar Fishing Company Ltd, based in Scotland, is replacing its existing Lunar Bow purse seiner trawler with a new ship having the same name. The primary considerations were to achieve both economic and environmental benefits through selecting the market’s most efficient propulsion machinery. The vessel is being built at the Karstensens Skibsvaerft shipyard in Denmark and will feature a fully integrated propulsion solution from Wärtsilä.
Moody's on Shanghai Port Tariff Cut
Moody's Investors Service says that the announcement by China's National Development and Reform Commission (NDRC) of a cut in the handling tariff for import and export containers is credit negative for Shanghai International Port (Group) Co., Ltd (SIPG), but will not immediately affect SIPG's A1 issuer rating or the A2 backed senior unsecured bond ratings of Shanghai Port Group (BVI) Holding Co., Ltd. The ratings outlook remains stable.
Tomini Places Order for 3 Kamsarmaxes
UAE-based Tomini Shipping has increased its fleet size further with an order for three Kamsarmaxes. The 82,000 DWT ships are being built by Taizhou Kouan Shipbuilding Co, a successful private shipyard in China with over 40 years of shipbuilding experience. The vessels are scheduled for delivery from the second half of 2019 onwards and follow the company’s order earlier this year for three newbuilding bulk carriers from another prominent Chinese shipyard.
Cananda Chamber of Shipping on Anchorage Operations
The Chamber of Shipping welcomes the federal government’s announcement of details concerning the review and modernization of anchorage operations as part of the Oceans Protection Plan. Commercial shipping results in $30 billion of economic activity annually in Canada and, at 1.8% of the Canadian economy, ships move more than $200 billion worth of goods to and from global markets. From farmers to retailers…
Bahri Optimistic of Oil Tanker Market
Bahri, a global leader in transportation and logistics, is very optimistic about the future of the oil tanker market and it believes that there will continue to be demand for this market, said Mohammed Al-Sarhan, Vice Chairman of Bahri, who possesses extensive experience in oil and gas, transportation and logistics, and other sectors. He was talking in the annual Bahri Oil Transportation Forum, which was held in Dubai last week.
American Maritime for Puerto Rico Recovery
The American Maritime Partnership – the voice of the domestic maritime industry – today issued the following statement to set the record straight on the importance of American maritime for Puerto Rico recovery and the capacity and capability of Jones Act vessels to meet Puerto Rico’s present and future needs. “While the American Maritime industry was delivering cargo to the docks of Puerto Rico with relief supplies within hours of the hurricane passing…
GPA Approves Savannah Port Expansion
The Georgia Ports Authority (GPA) has approved the rail and gate expansion projects that will significantly boost capacity at the Port of Savannah’s Garden City Terminal - North America’s biggest container terminal. “A strong Southeast U.S. economy, on-terminal expansion, and investment by private logistics firms throughout the region have resulted in phenomenal growth for Georgia,” said Executive Director Griff Lynch.
US Navy Assists in Hunt for Lost Argentina Sub
The U.S. Navy has ordered its Undersea Rescue Command (URC) based in San Diego to deploy to Argentina Nov. 18, to support the South American nation's ongoing search for the Argentinean Navy submarine A.R.A. San Juan in the Southern Atlantic. URC is deploying two independent rescue assets based on a number of factors, including the varying depth of ocean waters near South America's southeastern coast and the differing safe operating depths of the two rescue systems. Three U.S.