Singapore Steps Up Safety At Sea
The Maritime and Port Authority of Singapore (MPA) has stepped up efforts to enhance safety at sea during the year-end festive season. As everyone unwinds during this period, MPA urges the public and all port users to remain vigilant and safe at sea. Typically, the Port of Singapore sees as much as a 15 per cent increase in the number of passengers during the months of November to January. This period coincides with the Northeast monsoon season, which may create unfavourable conditions at sea.
Alabama, APM Invest in Port of Mobile
The Alabama State Port Authority (ASPA) and APM Terminals boards of directors in separate actions have approved a $49.5 million expansion of the container facility at the Port of Mobile. The Port Authority and APM Terminals jointly will deliver a Phase 3 expansion that includes a dock extension and an additional 20 acres of improved yard to maintain excess capacity to accommodate new business opportunities.
Dynagas Announces TC for LNG Carrier Pair
Dynagas LNG Partners has announced that a Partnership has entered into a new three year charter agreement with Statoil ASA (Statoil) for the employment of the Arctic Aurora, its 2013-built, 155,000 cubic meter, tri-fuel diesel engine, ice class liquefied natural gas (LNG) carrier. The Arctic Aurora is currently, and has been since 2013, on charter to Statoil. The Extended Charter is expected to commence…
Diana Shipping Updates on Time Charter Contracts
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 agreed to extend the present time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Erato. The gross charter rate is US$10,500 per day, minus a 5% commission paid to third parties, for a period of minimum 14 months to maximum 17 months.
IMO Helps to Prevent Stowaways
International Maritime Organization (IMO) is continuing to assist countries with the highest number of stowaway incidents by spreading the knowledge of effective port security measures, and, thereby, helping to facilitate the free flow of international maritime traffic. At workshops in the ports of Abidjan, Côte d'Ivoire (11-15 December) and Dakar, Senegal (18-22 December) participants from the relevant…
Development of India's National Waterways
Under the National Waterways Act, 2016 of India, a total of 111 waterways have been declared as National Waterways (NWs). Out of these 111 NWs, NWs-1, 2 and 3 are operational and cargo and passenger vessels are moving on them, while for NW-4, the development works under Phase-I from Muktyala to Vijaywada started in 2017. Further, for development of NW-5, preparation of DPR including Front End Engineering…
ABS Approves New VLEC Concept
ABS, a leading provider of classification and technical services to the global marine and offshore industries, granted Approval in Principle (AIP) for a new very large ethane carrier (VLEC) concept developed by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. “As demand for different types of liquefied gases increases, concepts like this will expand the infrastructure and enable more efficient transportation to get products to market…
Port Canaveral Welcomes Höegh Sydney
Port Canaveral staff were on hand to welcome the captain and crew of the Höegh Sydney roll-on/roll-off (RO/RO) vessel on her inaugural visit to the Port. The Sydney’s arrival at Port Canaveral is the first U.S. port call for the vessel on a transit that originated in East Asia. The Höegh Autoliners vessel represents the fourth vehicle carrier to call on Port Canaveral and the first auto imports to arrive direct from Asia.
ABS Grants AIP for LNG Power Vessel
ABS has granted Approval in Principle (AIP) to Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., for its LNG Power Vessel. The vessel is designed in accordance with the applicable requirements of ABS Rules and IMO Regulations. “ABS provides the marine industry reliable guidance to enable innovative technology development in support of more efficient operations,” said ABS Vice President for Global Gas Solutions Patrick Janssens.
NIMASA Employs 20 Outstanding Seafarer Cadets
Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside announced the decision of the Executive Management of the Agency to offer automatic employment to twenty (20) beneficiaries of the Nigerian Seafarers Development Programme (NSDP) Cadets that passed out with distinctions in their various fields of study. The Director General who made this known during…
Euronav to buy Gener8 Maritime
Tanker operator Euronav is to buy U.S. rival Gener8 Maritime to create one of the world's top oil shipping fleets, the companies said on Thursday, in an all-stock deal worth an estimated $490 million. Tanker companies have faced tough conditions in recent months, partly due to a glut of ships available for hire, and as a result have been looking for ways to build scale and cut costs. The Euronav deal…
Shipbuilding First: Wison Delivers Barge-based FSRU
A shipbuilding first was recorded with Exmar took delivery of the world's first barge-based FSRU and secures long-term employment for the unit. Final delivery of the world’s first barge-based floating LNG storage and re-gasification unit (FSRU) from the Wison Shipyard in Nantong, China. The unit has a re-gasification capacity of up to 600MMSCFD and a storage capacity of 26,000 m³ of LNG. This delivery…
UK's New $4.2 Bln Aircraft Carrier Has a Leak
Britain’s biggest ever warship, the new 3.1 billion pound ($4.2 billion) aircraft carrier HMS Queen Elizabeth, has a leak and needs repairs, the Ministry of Defence (MoD) said on Tuesday. The 65,000-tonne ship is hailed as Britain’s most advanced military vessel and was only commissioned by the queen two weeks ago but it has a problem with a shaft seal that was identified during sea trials, the MoD said.
USCG Releases Final Statement on El Faro Sinking
The U.S. Coast Guard has released its final action memo on the loss of the S.S. El Faro and its 33 crew members during a 2015 hurricane near Crooked Island, Bahamas. In the final action memo, Commandant Adm. Paul Zukunft approved the findings of fact, analysis and conclusions detailed in the Marine Board of Investigation’s Report of Investigation (ROI), essentially marking it as the official Coast Guard position on the cause of the marine casualty.
Ferry Sunflower is Test Bed for "Intelligent Awareness"
The maritime industry increasingly moves towards autonomy, and Rolls-Royce has been a major driver of the initiative globally. Today Rolls-Royce announced a deal with Japanese multi-modal transport company Mitsui O.S.K. Lines (MOL), to collaborate in the development of its intelligent awareness system. Specifically the intitiative will be trialled onboard the 165-m passenger ferry Sunflower, owned and operated by Mitsui O.S.K.
Goss, Martus Receive Thomas Crowley Awards
Crowley Maritime Corporation’s Zoe Goss, director, marine recruiting and development, and Ray Martus, vice president, vessel construction management, have been honored with 2016 Thomas Crowley Awards, the company’s highest honor for its employees. Goss and Martus each received a limited-edition bronze sculpture that depicts company founder Thomas Crowley ferrying goods in a row boat across San Francisco Bay in the early 1890s.
Wärtsilä Acquires Trident B.V.
Wärtsilä said it has acquired Netherland based Trident B.V., a specialist in underwater ship maintenance, inspection and repair services. The acquisition is expected to close in January 2018. The enterprise value of the transaction is €17.5 million ($20.8 million) and an additional €3.5 million ($4.2 million) earn-out, based on the business performance in the coming years. The turnover of Trident is approximately €9 million ($10.7 million).
Second-hand Ship Sales Reach 10-year High
Shipping struggles to recover from worst crisis in 30 years; market for new ships remains weak. Sales of second-hand ships reached a 10-year high on cautious optimism that one of the shipping industry's worst ever downturns is nearing an end. An increase in cargo demand has helped revive confidence this year in a sector that is starting to emerge from a 10-year slump fueled by owners splurging on thousands of new ships. "Second-hand purchases go up when optimism is thriving.
Philippine Ferry Capsizes with 251 Aboard
Four people were killed and seven were missing after a Philippine ferry with 251 people on board capsized during bad weather on Thursday near the capital, Manila, disaster officials and a coastguard spokesman said. Accidents involving boats sailing between the many islands of the Philippines are common. Vessels are often overloaded but the coastguard said that was not the case on Thursday and the ferry had the capacity to carry 286 people.
Asia Dry Bulk-Capesize Rates to Fall as Cargo Dries Up
Rates from Brazil to China fall by $4/tonne, $6,000/day; queues at Dalrymple Bay to ease, return to normal in January. Freight rates for large dry cargo ships on key Asian routes could slide further from multi-week lows as chartering activity thins during the holiday season and abundant tonnage for January weighs on rates, brokers said. Capesize rates from Brazil to China have dropped by $4 per tonne in the last week, equivalent to a daily earnings fall of about $6,000.