CMA CGM Appoints Rodolphe Saade as Chairman
Jacques Saadé, founder of the shipping company CMA CGM Group, now the world's third largest container company, has resigned as president. His son Rodolphe Saadé becomes CEO of a group. "In accordance with the wish of Jacques Saadé and after having reunited the positions of CEO and Chairman of the Board, the Board of Directors has decided to appoint Rodolphe Saadé to the position of Chairman of the Board and Chief Executive Officer of the CMA CGM Group…
CMA CGM Reports Solid Results for Q3
CMA CGM, the world’s third-largest container shipping group, posted a third-quarter net profit of $323 million, up from $219 million in the previous quarter and a $268 million loss a year earlier. During the third quarter, volumes carried by CMA CGM experienced a strong growth of +11.6% in comparison to Q3 2016. During the period, CMA CGM carried close to 5 million containers, a record figure. This increase can be explained by the strong growth in volumes carried through OCEAN Alliance…
Propeller Club elects RADM Whitehead as International President
At its 91st annual convention last month, the International Propeller Club of the United States elected and installed its leaders for the coming year and beyond. Representatives of the Club’s more than 75 chapters from around the world elected Rear Admiral Joel Whitehead, US Coast Guard (retired) to a two-year term as International President. RADM Whitehead is a member of the Club’s Port of New Orleans chapter.
Diana Shipping New TC Contract with SwissMarine
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Norfolk. The gross charter rate is US$13,250 per day, minus a 5% commission paid to third parties, for a period of minimum 21 months to maximum 24 months.
Wärtsilä Introduces its Smart Marine Ecosystem Vision
The smart technology group Wärtsilä is at the forefront of harnessing the changes taking place in the shipping industry to deliver value and optimisation for its customers. By orchestrating these developments through the use of high levels of connectivity and digitalisation, Wärtsilä intends to lead the industry’s transformation towards a Smart Marine Ecosystem. “The world is moving towards a future that is more and more connected, and nowhere is this more apparent than in the shipping sector.
APM Terminals Inland Services Expands in Pune, India
APM Terminals Inland Services inaugurated its new state-of-the-art Inland Container Depot and supply chain solutions facility designed to serve one of India’s fastest-growing hubs for industrial development and manufacturing in the Pune district in Maharashtra state. The new facility, which is over 12 acres in area, can handle more than 60,000 containers annually. Services include Customs clearance…
Brazil Funds Training on ShipConstructor & 3D Design
ShipConstructor Software Inc. (SSI) says it is excited to see that the Brazilian Government has funded training on SSI’s ShipConstructor software. Below is background to that decision. Brazilian shipyard Estaleiro Atlântico Sul (EAS) is one of a select group of bright lights in the Brazilian shipbuilding industry. With the downturn in oil prices and the impact of “Operation Car Wash” causing the cancellation of Petrobras projects…
Palau Registry Sails into Top Spot
Palau International Ship Registry (PISR) has become the fastest growing flag in the shipping world with an impressive 43.2% growth in the number of vessels joining the registry since 2013 according to Fairplay magazine. Recording strong growth that puts it well ahead of other expanding registries such as Portugal, Saudi Arabia and the Cook Islands, Palau has attracted significant numbers of tankers into its fleet along with Ro-Ro vessels, bulk carriers and offshore ships.
Australia Announces Offshore Patrol Vessel
The much awaited announcement for the replacement to the current Armidale Class patrol boats was announced by Prime Minister Malcolm Turnbull at Russell Offices in Canberra. Lürssen was named as the prime contractor for the 12 new Offshore Patrol Vessels (OPV) with the Australian PV80 variant. It will be 80 metres in length with a displacement of 1700 tonnes and a draught of 4 metres. The vessels will be fitted with a 40mm gun for self-protection…
Hempel Rolls Out New Cargo Hold Coating
Hempel has launched Hempadur Ultra-Strength Fiber 47510, a new cargo hold coating said to deliver up to 40 percent reduction in cargo holds maintenance costs, according to the coatings manufacturer. Hempel said the new coating is specifically designed to withstand conditions experienced by cargo holds, hatch covers and hatch coamings of bulk carriers, offering superior corrosion protection and long major repair intervals for owners and operators…
Training for Port Security Staff in Guinea
Port security officials in Guinea have undergone training on complying with International Maritime Organization (IMO)’s maritime security measures. They are being trained in how to perform their duties in line with SOLAS Chapter XI-2, the International Ship and Port Facility Security (ISPS Code) and related guidance. The event in Conakry, Guinea (20-24 November) is being organised in conjunction with Guinea’s Maritime Authority and the Ministry of Transport.