COSCO Shipping Development Reports Higher Revenue
China-based ship leasing and transportation businesses company COSCO Shipping Development announced its 2017 performance and stated that the company realized revenue of RMB 16.34bln (USD 2.59bln) in 2017, up 2.4% compared with that of 2016. The net profit attributable to equity holders of the parent company is RMB 1.46bln (USD 230mln), up 296.6% compared with that of 2016. Over the past year, the Company continuously improved its management level…
Bulk Carrier Crashes into a Mansion in the Bosphorus Strait
A massive bulk carrier has crashed into an historic mansion on the shores of Istanbul's Bosphorus Strait after its steering equipment became locked, Al Jazeera reported quoting Turkish state media. The Maltese-flagged Vitaspirit, a 225-meter (740 foot) vessel en route from Russia to Saudi Arabia has been moored in the Marmara Sea for investigation, with the owners of the mansion demanding proper prosecution against those in charge of maritime traffic.
MMT Contract for Stril Explorer
Swedish marine support services company MMT AB has awarded a contract of 18 months to Simon Møkster Shipping for charter of the Stril Explorer. The Multi Purpose Support Vessel (MPSV) has been on contract to MMT since April 2014 and Møkster is proud to strengthen its relationship with MMT moving forward. The vessel will be used in various survey related projects by MMT. Stril Explorer is a DP2 MPSV with a large open deck and is very suitable for launch and recovery operation…
Indian Shipping Minister Nitin Gadkari to Visit South Korea
Nitin Gadkari, India's Union Minister of Shipping will be on an official visit to the Republic of Korea (South Korea) from today (9 April 2018). During the 4 day visit, Shri Gadkari will focus on taking forward the bilateral cooperation between India andKorea in shipping, ports, inland waterways, highways, river interlinking and infrastructure sectors. An Undertaking on Mutual Recognition of Certificate of Competency of sea-farers will be signed during the visit.
DOF Bags New Contracts
Norskan Offshore and DOF Subsea Brazil have been awarded RSV contracts for the Skandi Commander and one ROV. The contracts have a duration of 150 days with start-up in April 2018. Skandi Commander is a RSV vessel (MT 6009) built in 2007 and was reflagged with Brazilian flag in 2017. DOF Subsea has also been awarded various contracts in the Atlantic region, securing utilisation for vessels and personnel in the Subsea/IMR Projects segment.
APL Rolls out China Bangkok Express Service
APL has announced the launch of the China Bangkok Express (CBX) service, a new shortsea service that directly links South China and Thailand each week. Characterised by competitive transit times, the CBX service promises the industry’s fastest connection from Nansha to Bangkok in four days. Also designed to transport special cargo, this service offers reefer and breakbulk solutions to facilitate these shipments.