Hamburg Süd Remains Hamburg Süd
Hamburg Süd remains a commercially independent brand under new owner – Significantly greater product range through global service network – Own sales force provides unchanged level of care to Hamburg Süd customers. With yesterday’s (November 30) closing, the Hamburg Süd Group is now part of the Danish company Maersk Line and thus a subsidiary of the world’s market leader in container shipping. “Under this new umbrella…
Rotterdam Port Sets Dues for Three Years
The port dues for the port of Rotterdam have been set for the coming three years. The port dues will rise by 1% per year for the next three years. Over the recent period, fixing the development of port dues for three years has provided the market with a lot of clarity. It is for this reason that, after constructive talks, the Port of Rotterdam Authority, Deltalinqs, VRC and VNPI have again decided upon a multi-year agreement.
MOL Rolls Out Total Residual Oxidants Instrument
Mitsui O.S.K. Lines (MOL) announced commercialization of the Total Residual Oxidants (TRO) instrument "S.sensing WS," one of the major components of the Ballast Water Management System (BWMS). TRO is developed by Kurita Water Industries with the cooperation of MOL's group company MOL Engineering Co. In addition, MOL Techno-Trade will handle sales activities for the new product. BWMS are categorized as "UV type…
Growth in Blue Denmark Through New Regulations
The Danish Parliament (Folketinget) has adopted a number of new initiatives in the maritime area which will, inter alia, make it easier to keep and ensure growth in Danish maritime activities and boost the pleasure craft business. Minister for Industry, Business and Financial Affairs Brian Mikkelsen said: "These initiatives will help ensure that the Danish flag remains attractive in a globalised world. The Danish Parliament has adopted new regulations in four areas.
India's INS Kadmatt Deployed in Indonesia
India's INS Kadmatt, the indigenously built stealth Anti-Submarine Warfare corvette arrived Belawan, Indonesia on 30 November 17. The 3-day long visit to Indonesia is to commemorate 25 years of INDO-ASEAN Partnership and is aimed to further strengthen the bilateral ties between the two nations and is one among an on-going series of artistic, cultural and people-to-people events to celebrate this important milestone in the INDO-ASEAN relationship.
Diana Containerships TC with Wan Hai Lines
Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Wan Hai Lines (Singapore) for one of its Post-Panamax container vessels, the m/v Hamburg. The global shipping company specializing in the ownership of containerships said in a press release that the gross charter rate is US$11,000 per day, minus a 3.75% commission paid to third parties, for a period of minimum 120 days to maximum 220 days.
NAT Gets Finance for 3 Vessels
Nordic American Tankers (NAT) has entered into final agreements with a subsidiary of Ocean Yield ASA for the financing of the outstanding commitments of $39 million per ship, due on delivery. Three NAT newbuildings are under construction at Samsung shipyard in South Korea. 30% of the contract price for each vessel ($55.7 m) was paid cash by NAT to the yard when the vessels were ordered in October 2016. The three Suezmax newbuildings are expected to be delivered during the latter part of 2018.
CMA CGM Completes Sale of Los Angeles Terminal
The CMA CGM Group completed today the sale of a 90% equity interest in Global Gateway South terminal (GSS) in Los Angeles (United States) to EQT Infrastructure III (EQT Infrastructure) and its partner P5 Infrastructure (P5), for an Enterprise Value of USD 875 million. Consequently, CMA CGM received a cash consideration of about USD 820 million that may be completed according to the terms announced last July.
IMO Assembly Elects New 40-Member Council
China, Greece, Italy, Japan, Norway, Panama, Republic of Korea, Russian Federation, United Kingdom, United States. Australia, Brazil, Canada, France, Germany, India, Netherlands, Spain, Sweden, United Arab Emirates. Bahamas, Belgium, Chile, Cyprus, Denmark, Egypt, Indonesia, Jamaica, Kenya, Liberia, Malaysia, Malta, Mexico, Morocco, Peru, Philippines, Singapore, South Africa, Thailand, Turkey. The Council is the executive organ of IMO and is responsible…
BIMSTEC to Promote Coastal Shipping
Member States of BIMSTEC ( Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation ) met in New Delhi this week to discuss modalities for promoting coastal shipping in the region. BIMSTEC member countries include India, Bangladesh, Bhutan, Myanmar, Sri Lanka, Thailand and Nepal. In this first meeting of the Working Group on 27th and 28th of November, member countries discussed the draft text of BIMSTEC Coastal Shipping Agreement drafted by the Ministry of Shipping…
Bouchard's Fleet Expansion Continues
Bouchard Transportation Co., Inc. announced the new construction of ATB unit M/V Evening Breeze and Barge B. No. 252, which adds to the company’s fleet expansion plan that began in 2012. The M/V Evening Breeze is being constructed in Pascagoula, Miss. by VT Halter Marine, Inc., and is the sister vessel to ATB tugs M/V Denise A. Bouchard and M/V Evening Star. The Evening Breeze will be 4,000hp meeting U.S.
New Owner Takes Over at WESMAR
Bruce H. Blakey, founder and President of WESMAR (Western Marine Electronics), has sold his company to local businessman Roger Fellows, effective November 1, 2017. Blakey has sold the company to a new innovator whom he says is poised to take the company and its products to new heights. The name of the company will remain the same. Headquarter operations will remain in Woodinville, Wash. and employees will remain with the company, says its new owner and president Fellows.
MHI to Reorganize its Shipbuilding Business
Mitsubishi Heavy Industries, Ltd. (MHI) announced it will establish two new wholly-owned companies in conjunction with reorganization of its shipbuilding business.
Fugro Wins Work at US Offshore Wind Sites
Fugro said it has been awarded contracts by Ørsted to undertake geotechnical investigations at two large-scale offshore wind development sites in the U.S. Ørsted…