Antwerp Port: Brexit Ready
The UK is the third-largest maritime trading partner for the port of Antwerp. In order to be fully prepared for Brexit the Port Authority is taking various initiativesā¦
Drewry: Capesize Charter Rates to Go Up
Drewry maintains a positive outlook on the dry bulk market and expects charter rates to improve from current levels, driven by moderate increases in vessel demandā¦
MOL Worldwide Logistics Establishes Hong Kong HQ for MOL NVOCC Operations
Mitsui O.S.K. Lines (MOL) announced the establishment, effective July 1, of MOL Worldwide Logistics (MWL), and that they will lead MOL Group non vessel operatingā¦
Indian Ports Register Positive Growth of 5.13%
The Major ports in India have recorded a growth of 5.13% and together handled 288.38 MTof cargo during the period April to August, 2018 as against 274.32 MThandledā¦
IMO for Protecting Oceans and High Seas
Ships plying their trade across the worldās oceans are subject to stringent environmental, safety and security rules, which apply throughout their voyage. The comprehensiveā¦
Iridiumās Maritime Business Continues Momentum
Iridium Communications Inc. announced today that KDDI Corporation, Navarino and NSSLGlobal Ltd., are the newest Iridium Certus service providers for the maritime industry. Iridium Certus will offer a L-band satellite broadband connectivity solution.With higher speeds, state-of-the-art small form factor terminals and competitive pricing options, Iridium Certus will offer a complete communications platform for all mariners and can serve as a primary service or VSAT companion solution.
LR Awards AIP to GE for āDigital Twin READYā
Lloydās Register (LR) has presented GE with an Approval in Principle (AiP) to āDigital Twin READYā, marking the first ever approval of a digital twin health management system for marine applications.At a press conference today during SMM trade fair in Hamburg, Germany, it was announced that Lloydās Registerās newly released Digital Compliance has been validated through a cocreation project with GEā¦
Ship Strikes Dredging Pipeline in Sabine Pass
Several vessels, including two oil tankers and one carrying liquefied natural gas, were stalled and unable to enter the Sabine Pass shipping channel near the Texasā¦
Brazil Minimum Freight Rates Hurt Port Cargos -Association Chief
Brazil's policy of setting minimum freight rates is reducing the volume of cargo at Brazilian ports as farmers and agricultural exporters have difficulty arranging transportation at higher cost, according to the head of a Brazilian ports association.The country instituted minimum rates for freight above the previous market rate as part of a deal to end a truckers' strike over high diesel prices in May.
Contract Extension for Tanker Stena Provence
Concordia Maritime said it has signed a contract to charter out the P-MAX tanker Stena Provence for another year from September 2018.The contractual partner is oneā¦
MOL Trials Intelligent Awareness Technology
The capacity for Intelligent Awareness and machine learning technologies to significantly improve navigational safety has been verified by Rolls-Royce and Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL), following the success of a pilot project aboard a 165m passenger ferry, Sunflower Gold.Results from sea trials on the vessel, which operates night-time sailings between Kobe and Oita, Japanā¦
First Warship Built in Egypt Launched
The first warship to be built in Egypt was launched during a ceremony on September 6, 2018 in Alexandria. The Port-Said Gowind corvette was constructed by Alexandria Shipyard through an industrial cooperation with Franceās Naval Group.The new warship will contribute to increase the Egyptian Navy Power alongside the first ever delivered Gowind corvette, El-fateh, which is already already deployed by the Egyptian Navy.
Washington State Ferries Looks to Go Greener
Washington State Ferries has begun a project to transition the largest vessels in its fleet to cleaner hybrid-electric power.The three ferries in the operator's Jumbo Mark II class, the Tacoma, Wenatchee and Puyallup, were built from 1997 to 1999 at Todd Pacific Shipyards in Seattle. Each vessel can carry up to 2,499 passengers and 202 vehicles, making them the largest in the Washington State fleet.The 460 footers are also the fleet's biggest emitter of greenhouse gas emissions.
Eagle Bulk Orders up to 37 Scrubbers
Dry bulk shipowner Eagle Bulk Shipping announced this week it will purchase up to 37 exhaust gas cleaning systems, also known as scrubbers, from an undisclosed manufacturer as part of its strategy to comply with new regulations that limit shipsā sulphur emissions from 2020.The U.S.-headquartered shipowner said it has placed firm orders for scrubbers to be retrofitted on 19 of its vessels ahead of the January 1ā¦
ABS Issues AIP for Containerized LNG System
ABS has granted Approval in Principle (AIP) to TECHNOLOG for a liquified natural gas (LNG) fuel gas container system.The portable tank system, which will ultimately come in 20- and 40-foot containers, is designed to be filled at land-based LNG terminals and shipped to vessels via rail, road or cargo ship before being loaded onboard an LNG-fueled vessel. Once connected to the power supply system, itā¦
Rutter Releases Sigma S6 V9.2.0
Rutter Inc. has released the latest update to the Rutter sigma S6 product line, version 9.2.0. This new version is being released for general availability this week. It is also available as an upgrade on existing systems for qualifying customers.Rutterās proprietary radar data processing system interprets data from both conventional marine navigational and coastal surveillance radars, providing enhanced radar imagery and state of the art detection, tracking, and measurement capabilities.
Baltic Index Up as Capesizes Halt Losing Streak
The Baltic Exchange's main sea freight index, which tracks rates for ships transporting dry bulk commodities, rose on Thursday as capesize rates gained, snapping a 10-session long losing streak for the vessel segment.* The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 7 points, or 0.5 percent, to touch 1,484 points, marking its first rise in 11 sessions.* The capesize index rose 14 points, or 0.6 percent, to 2,424 points.* Average daily earnings for cap
Aker BP, Maersk Drilling Sign Rig Contract off Norway
Maersk Drilling and Aker BP have signed a one-year contract to deploy the Maersk Integrator jack-up rig off Norway from June 2019, Aker BP said in a statement on Thursday.The contract, based on an alliance created between the two firms and Halliburton in 2017, is based on market-rate terms and holds the possibility of a sizeable upside for all parties, based on actual delivery and performance, it said.Maersk Integrator will finish its current campaign on the Gina Krog field off Norway in June 20
CMA CGM Says It's Ready for More M&A Deals
France's CMA CGM, one of the world's largest container-shipping lines, remains interested in seeking acquisitions despite bringing to an end its interest in German peer Hapag-Lloyd, its chief executive said on Thursday."The shipping sector is consolidating further and if there are opportunities the CMA CGM group ... is able to be in the running for a new deal," Rodolphe Saade told Reuters on the sidelines of a ship launch ceremony at the northern French port of Le Havre.Regarding Hapag-Lloydā¦
Five Migrants Found Dead in Spanish Waters
Five migrants drowned and 193 were rescued in the western Mediterranean sea off the Spanish coast, the Spanish coastguard said on Thursday, after six rafts sank.Spainā¦
