DP World's H1 Volumes Rise
Ports operator DP World reported on Tuesday first-half 2016 gross container volumes up 1.2 percent on a like-for-like basis and up 2.5 percent on a reported basis.
VesselValue.com: $28.4B Worth of Ships Delivered to Date
As the calendar now indicates we have passed the half year mark on 2016, VesselValue.com offers insight on the number and value of all the 2016 built vessels that have been delivered so far vs how many are still yet to be delivered. To date $28.4bn worth of vessels have been delivered however there is still $43.8bn is left on the orderbook. -- LPG deliveries are on track for the year, with 50% of the 2016 orderbook having been delivered (worth $3.0bn).
Broad Declines drag Baltic Index down
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday on lower rates for capesize, panamax and supramax vessels.
U.S. Backs S. China Sea Bilateral Talks
U.S. Secretary of State Kerry says backs bilateral talks; Philippines says dispute does not involve United States. U.S. Secretary of State John Kerry said on Tuesday…
DP World's H1 Gross Volumes up 1.2%
DP World Limited handled 31.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first half of 2016, with gross…
Ecofix Filler Coat Cuts Rudder Repairs Cost
With an increasing trend for thruster and rudder manufacturers finishing their products with self-cleaning protective hard coatings, Antwerp headquartered Subsea…
Wärtsilä REvolution system takes sealing technology to New Level
The new Wärtsilä REvolution system is a digital management system that controls, monitors, records and analyses the performance of seals autonomously in real time…
MOL Makes Fleet-wide Migration to Fleet Xpress
26 July 2016: Inmarsat (LSE:ISAT.L), the leading provider of global mobile satellite communications services, has announced that its partner JSAT MOBILE Communications…
Bangladesh LNG Terminal Edges Closer
Excelerate Energy L.P. (“Excelerate”), Petrobangla, and the Government of Bangladesh executed the Terminal Use Agreement (“TUA”) and the Implementation Agreement…
Damen Fishery Research Vessel for Angola
The Damen Shipyards Group has received an order for a state-of-the-art, 74 m Fishery Research Vessel from the Angolan Ministry of Fisheries. This special vessel…
Fuel Consumption, Emissions Monitoring Software Updated
As part of the ongoing Blue Star Delos Renewable Energy Innovation Project, Eco Marine Power (EMP) stated that the Aquarius Management & Automation System (MAS)…
First LNG Vessel Transits Expanded Panama Canal
Today, the Panama Canal marked another milestone with the transit of the first-ever liquefied natural gas (LNG) carrier through its expanded locks. Shell-chartered…
Two SAAM Tugs Christened in Chile
In early June, after a traditional blessing ceremony held in Valparaiso, Chile where SAAM S.A. is based, the company officially puts two more new Robert Allan Ltd.
Will UK Maritime Traffic Rise or Fall on Brexit?
UK container traffic will see more muted growth than expected a few months ago, at least in the short term, says Drewry. Patrick Walters, Peel Ports’ Group Commercial Director…
Will Container Lines Skip UK Ports on Brexit?
British importers and exporters prefer direct mainline container services calling at their national ports and tend to dislike feeder services, says a Drewry report.
Samil PwC Okays Hyundai's Management Improvement Plan
Hyundai Heavy Industries (HHI) is notified by Samil PwC, a local member of the global accounting firm PwC, that its 3.5 trillion won worth management improvement…
CMA CGM Reopens Spain to Algeria Service
CMA CGM NAF Lines is re-opening a regular service from Barcelona to Djen Djen on EURONAF service with immediate effect. First Departure: m/v VEGA OMICRON voy. 001OGS ETS Barcelona on July 15th…
Piracy Drops to 21-year Low, IMB Reports
Piracy and armed robbery at sea has fallen to its lowest levels since 1995, despite a surge in kidnappings off West Africa, according to a new report from the International…
Nigeria Becomes Piracy Kidnapping Hotspot, says IMB
Despite global improvements, kidnappings are on the rise, with 44 crew captured for ransom in 2016, 24 of them in Nigeria, up from 10 in the first half of 2015.
India Govt Subsidy for Ship Building Industry
Maritime Agenda 2010-20 has inter-alia set a target to increase percentage share of India to 5% in global ship building and 10% share in global ship repair for India by 2020.
