Opposite Movements for Sea and Air Rates
Ocean and airfreight rates moved in opposite directions in January, according to Drewry’s monthly Sea and Air Shipper Insight. Ocean shippers moving cargo on the key East-West trades continued to see marginal increases for spot cargo in January due to a combination of a seasonal volume boost prior to Chinese New Year and capacity cutbacks in the form of blank voyages. Drewry’s East-West Freight Rate Index…
BAE Lays Keel on GLDD Dump Scow
BAE Systems recently held a keel laying ceremony in the construction of the second dump scow for Great Lakes Dredge and Dock Company. It is the final vessel in the contract for two dump scows, which was signed in June 2012. When complete, both vessels will be used to support dredging operations in the United States. Employees and executives from BAE Systems gathered at the foot of the 98 ton keel block as long-time shipyard employee Nick Elmes…
AXI Acquires ALGAE-X
AXI International, a Florida-based manufacturer of Diesel Fuel Optimization and Maintenance Systems, announced it has been acquired by AXI International Holdings.
Maersk to Add Vessels to Singapore Base
A.P. Moeller-Maersk A/S plans to add more ships to its Singapore base after making the city-state its biggest hub after the headquarters in Denmark, Bloomberg reported…
Panama Canal Completes Expansion Program Dredging
The Panama Canal Authority (ACP) has completed the dredging to deepen and widen the navigational channels along Culebra Cut as part of the Expansion Program. This marks another important milestone for the Panama Canal expansion. The dredging works started in March 2008, with the drilling by Panama Canal personnel on board of the drill barge Baru. “This important achievement fills with pride each man and woman that works within the organization,” Panama Canal Administrator Jorge L. Quijano said.
KPI Bridge Oil Appoints Senior Trader for Singapore Office
KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, has appointed Mr. Araki Takanobu as Senior Bunker Trader. Araki Takanobu has more than 13 years experience in various bunker and cargo trading roles and has previously been working in Japan, Korea and Singapore. Arakialso has a degree from Meiji University in Political Science. Araki Takanobu is Japanese, speaks fluent Korean and is currently living in Singapore.
Two New Si-Tex Navigation Systems
Si-Tex Marine Electronics has added two multifunction navigation systems to its product lineup, providing a wide range of recreational and light commercial vessels with a navigation solution. Both the 7” display SNS-700 and 10.4” display SNS-1100 provide boaters with C-Map Max charting capabilities like programmable anti-grounding, flashing navaids and aerial imagery, along with dual-frequency fishfinding and color radar (when matched with optional Si-Tex MDS-1, MDS-8 or MDS-9 radar scanners).
Cargotec Receives Large Order for MacGregor
Cargotec's MacGregor has received a large order to deliver MacGregor RoRo cargo access equipment for five new 31,600 dwt Container/RoRo (ConRo) vessels from Hyundai Mipo Dockyard in South Korea.
ClassNK Approves Minimal Ballast Water VLCC Design
Leading classification society ClassNK announced that it has granted AIP (Approval in Principle) to the MIBS (Minimal Ballast Water Ship) VLCC design developed by Namura Shipbuilding Co., Ltd. in cooperation with the Shipbuilding Research Centre of Japan. Although the IMO’s Ballast Water Management Convention has yet to enter into force, installation of ballast water treatment systems are already presenting owners with both financial and technical challenges.
DNV-led JIP Proves Feasible
Attractive payback periods from the additional investments required for LNG fuelled shipping, along with no significant legal restrictions hindering development of LNG bunkering in Australia.
CMI Orders VSTEP Simulators
The Caribbean Maritime Institute has ordered multiple VSTEP simulators for its new high tech simulation center at the campus in Kingston, Jamaica. VSTEP will deliver…
Buenaventura Container Terminal Invests $3.5 million
The Buenaventura Container Terminal (TCBuen) in Colombia, part of Grup Maritim TCB, is the first terminal in Latin America to implement new OCR systems, Match Maker and DGPS on quay and yard cranes, as well as in processes of gate entry and exit. The investment amounts to $3.5 million. The TCBuen marine terminal implement the OCR (Optical Character Recognition) operations at the end of 2011, concluding…
POSH Terasea Forms World’s Largest and Youngest Fleet
PACC Offshore Services Holdings (POSH), through its EPIC division, has announced the formation of a joint venture company POSH Terasea Pte Ltd with Terasea Pte Ltd (Terasea). POSH will contribute to the JV a fleet of five specialized Anchor Handlers (12000BHP to 13500BHP) while Terasea contributes four units of newbuilding modern deepwater 16000BHP Anchor Handlers, to be delivered successively over the next 11 months.
MOL Introduces Onboard New Seafarer Training Program
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) has announced that the company has built additional training facilities and cabins on CADET training vessels and started a new onboard intensive training program, called Cadet Actual Deployment for Education with Tutorial (CADET Training). Maximum number of trainees per year: 330 (Max. MOL provides the CADET training program for cadets (officer candidates) aboard the vessels that are actually in service.
Tom Ridge, Howard Schmidt Launch Cybersecurity Firm
The Two Security Experts to Provide Strategic and Advisory Consulting to C-Suite Executives and Government Leaders. Tom Ridge, the first U.S. secretary of Homeland Security, and Howard A. Schmidt, former Cybersecurity Advisor to President Barack Obama and President George W. Bush, has announced that they are forming Ridge Schmidt Cyber LLC, a consultancy that provides strategic and advisory services that help leaders in business and government navigate the increasing demands of cybersecurity.
New Polar-Orbit Satellite Under NOAA Control
These satellites are critical for advanced warning of severe weather including tornado outbreaks, heavy snowfall, hurricanes, heat waves, floods, & wildfires. Data from the Suomi National Polar-orbiting Partnership (Suomi NPP) satellite will continue to strengthen NOAA’s ability to predict severe weather days in advance. Suomi NPP data are also used to generate dozens of environmental data products, including measurements of clouds, vegetation, ocean color, and land and sea surface temperatures.
BC Ferries Financial Losses: Consultation Report Released
Kirk & Co. were engaged to assess public & stakeholders opinions regarding measures to ameliorate BC Ferries financial operating losses. BC Ferries operates one…
Chinese Ship Disabled North of Tubbataha Reef
The Philippine Coast Guard (PCG) reports another foreign vessel in trouble off Palawan, to be taken in tow. The Chinese cargo ship M/V Tai An Hai reported engine…
Marinette Marine Awarded Two Navy Contracts
Marinette Marine Corporation (MMC) has been awarded options to build two additional Littoral Combat Ships (LCS). These are the fifth and sixth LCS ships that MMC…
HK Shipping Industry Needs Direction Say Group
A group of shipping sector directors urge the future direction of HK's maritime industry to be set out and implemented by the government. A blueprint setting out…
