The Icebergs Are Coming: Shipping in the North Atlantic
At present, several icebergs are drifting out of the Arctic Ocean and into the North Atlantic. This natural phenomenon occurs each year in the period roughly stretching between April and August. During this season, these massive chunks of ice cross the major shipping routes on the North Atlantic. But German container carrier Hapag-Lloyd is prepared for them, as the companyâs captains keep their vessels south of the drift ice limit so as to avoid any dangerous collisions.
Norwegian, Alibaba Partner in Chinese Cruise Market
Norwegian Cruise Line Holdings Ltd. said it has partnered with online and mobile commerce company Alibaba Group for its entry into the Chinese cruise shipping market. Alibaba operates the worldâs largest online and mobile marketplaces, offering a wide range of products and services to its nearly half billion monthly active users. In China, people live, work and play on Alibaba, buying local and overseas productsâŠ
Crude Oil Tanker Demolition Bucking the Trend -BIMCO
Four very large crude carriers (VLCC) have been sold for demolition since October 2016, matching the number of VLCCs sold for demolition in the preceding two years, according to BIMCO. Most recently the 1999-built double-hull VLCC with the framing name Good News returned $15.5 million to the ship owner, as demolition prices have reached levels not seen since first half of 2015 ($400 per ltd). âJanuary struck an upbeat tone for demolition in all sectorsâŠ
ENGIE, AES to Expand LNG Partnership to Central America
ENGIE and The AES Corporation have agreed to enter into a joint venture to market and sell liquefied natural gas (LNG) to third parties in Central America. The jointâŠ
De Nora Unveils New Omnipure Series
De Nora, a manufacturer of electrolyzers, electrodes, coatings, electrochemical and water treatment technologies, has announced the debut of the all new OMNIPURE Series 64 sewage treatment systems.
Baltic Index Dips on Panamax, Smaller Vessel Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Friday, as gains in capesize rates failed to offset lower rates for panamax and smaller vessels. The overall index, which considers rates for capesize, panamax, supramax and handysize shipping vessels, declined 10 points, or 1 percent, to 994 points. The panamax index slipped for the twelfth straight session, losing 25 points, or 2.4 percent, to end at 1,023 points.
New Portable Magnetic Drill from Hougen
Hougen Manufacturing, Inc has released a new portable magnetic drill, the HMD918. This new model offers an upgrade to the depth of cut in the line of Hougen magnetic drills. The HMD918 has a high torque motor and extended six inch drilling depth to give metal fabricators more options to drill deep holes in steel whether it is a solid piece of material or multiple stacked plates. The HMD918 includes a pressurized coolant bottle and system.
Navios Partners Acquires Capesize Vessel
Navios Maritime Partners L.P., an international owner and operator of dry bulk and container vessels, said it has agreed to acquire one 2009 Japanese-built Capesize vessel of 180âŠ
NRC Wins Marine HAZMAT Response Contract
NRC announced that it has been awarded a multi-year contract with a major chemicalcompany for global 24/7 emergency response services in the event of a HazardousâŠ
Norsafe Lifeboat Systems Ordered for Njord A Platform
Norsafe has received orders from Kværner relating to the delivery of new lifeboat systems to Statoilâs Njord A platform. Norsafe will supply three lifeboat systems of its largest freefall lifeboat, the GES 52, with compatible davits. The lifeboat systems are built according to SOLAS and DNV-OS-E406, and although the products were developed just a few years ago, they have already been delivered to many installations worldwide.
Meyer Turku Reports Larger 2016 Profit
Shipbuilder Meyer Turku reported a net profit of 25 million euros ($27.4 million), or 3.2 percent of revenue, in 2016, rising from 15 million euros ($16.5 million) in 2015. The Finish shipyard, which specializes in cruise ship and large passenger vessels, said it has seen been on a âgood and economically sustainable pathâ since the Meyer family took ownership in 2014. Revenues rose 33 percent last year from 594 million euros ($651.5 million) in 2015 to 792 million euros ($868.7 million) in 2016.
Med Diesel Diffs at 21-month High
A closed arbitrage from other regions and refinery shutdowns have tightened the Mediterranean diesel market driving cargo premiums to ICE gasoil futures to their highest since August 2015.
New Container Facility at DP World London Gateway
A new off-dock empty container storage yard is to be opened at DP World London Gateway Port. The five acre yard will be operated and managed by Solent StevedoresâŠ
CMA CGM Rolls Out New Mobile App
CMA CGM Group is launching a new version of its mobile application, overhauled with new features that will allow customers to track shipments, provide access to all line schedules and company news.
Training for Maritime Law Enforcement in ME
A three-week training course on maritime law enforcement for the Middle Eastern countries surrounding the Gulf of Aden concluded May 4 in Jeddah, Saudi Arabia.
The Shipowners' Club Bounce Back to Black
The Shipownersâ Club, the leading mutual P&I insurer in the smaller and specialist vessel sector, has reported resilient results for the year ending 31 December 2016.
ABS, DSME Pact on Novel FLNG Concept
ABS signed an agreement with Daewoo Shipbuilding and Marine Engineering Co. (DSME) to support safety and apply class guidance to a conceptual Floating Liquefied Natural Gas (FLNG) unit.
Inmarsat Fleet Xpress Passes 10,000 Ship Milestone
Satellite communications services provider Inmarsat says that "in an extraordinary level of service uptake surpassing expectations," its Fleet Xpress service hasâŠ
MOL Group Q1 Shows Robust Earnings Growth
MOL Group announced its financial results for Q1 2017 in which all business segments â Upstream, Downstream, Consumer Services, Gas Midstream â managed to increaseâŠ
d'Amico Bullish on Product Tankers
d'Amico International Shipping believes that the supply-demand balance in the product tanker freight market is improving. The key drivers that should affect theâŠ
