Wilhelmsen CEO Fends off Margin Pressure
Logistics group Wilh. Wilhelmsen Holding and its listed shipping arm, Wilh. Wilhelmsen ASA, presented an update to their strategy on Thursday. "We are very much correlated to world trade.
Asia Dry Bulk-Capesize Rates to Climb
Shipowners confident rates will climb on tighter tonnage supply; Shipowners seek rates premium for Australian coal cargoes. Freight rates for capesize bulk carriers…
Man Rescued from Willamette River in Portland
The Coast Guard rescued a man from the Willamette River after his sail boat capsized near the St. Johns Bridge, in Portland, Sunday night . The man was delivered…
Kalmar, RCI JV Begin Jetty Construction in Taicang, China
Kalmar, part of Cargotec, and Rainbow-Cargotec Industries Co., Ltd (RCI) celebrate the ground breaking of a new jetty at RCI's facilities in Taicang, China today.
Cole Quits Beach Energy
Beach Energy Ltd announced today that Robert Cole resigned as Managing Director of the company. Mr Cole will remain with Beach until 14 October 2015 to allow for an orderly transition.
IMTRA Debuts AcXent LED Linear Lighting System
IMTRA announced today the release of the AcXent LED Linear Lighting System. AcXent is a linear LED solution that provides customized overhead and accent lighting…
Risk Profile of Hull Market Improving - IUMI
IUMI – the International Union of Marine Insurance – at its annual conference in Berlin yesterday announced that global hull premiums for 2014 totalled USD 7.6bn, a 5.8% reduction from 2013.
Global Maritime Files for Bankruptcy
Dry-bulk shipper Global Maritime Investments Cyprus Ltd. filed for chapter 11 bankruptcy protection New York Tuesday in order to liquidate its business due to a continued industry downturn…
Cyber Safety Tops the List for Shipping
ABS Chairman, President and CEO Christopher J Wiernicki has set out his priorities as incoming IACS chairman, emphasizing the unique role the organization plays…
China Exim Bank Backs Seaspan
Seaspan Corporation has lined-up a $1bn worth of export credit facilities with the Export-Import Bank of China (CEXIM). Seaspan has signed a Framework Cooperation…
Sanmar Built Vessel Join Svitzer’s Fleet
Sanmar Shipyard Tuzla has built M/T Svitzer Amstel (Boğaçay XII) will join Svitzer’s fleet at the Port of Amsterdam, The Netherlands. The vessel measures 24.4m x…
Dry bulk Trend is Weak
Even though the trend is negative, by about 10% in the last two weeks, the supramax average 6 TC routes still seems to be overpriced compared to what is being fixed…
China Merchants, China COSCO Buy Turkey Terminal
China Merchants Holdings (International) Co. Ltd. along with Cosco Pacific Ltd., a unit of China Investment Corp. and Euro-Asia Oceangate will pay US$919.9 million…
Samsung Companies Consider Merger Again
South Korean shipbuilder Samsung Heavy Industries Co will try again to merge with sister company Samsung Engineering Co Ltd later this year, reports Korea Times.
South Korea Takes Stab at Slaying Zombie Company Menace
South Korea is getting serious about tackling its "zombie company" problem and will set up its first restructuring firm backed by the government and banks in November, spooked by some huge corporate losses and a darkening economic outlook. Korea Development Bank (KDB) will also seek to sell some of the 118 non-financial firms it controls, the government said last week - a move seen as part of its new resolve to deal with the issue.
Robots Help Map England’s Deepwater Canyons
The first true three-dimensional picture of submarine canyon habitats has been produced using a combination of marine robotics and ship-based measurements. The information captured in this new set of maps ranges in scale from the 200km canyon down to the size of an individual cold-water coral polyp, and will be used to inform the management of the only English Marine Conservation Zone in deep water.
‘Trash Boats’ Help Keep Waterways Clean
Elastec, a U.S. based manufacturer of pollution control equipment, is producing trash and debris collection boats to assist local governments in meeting Clean Water Act standards, aid in the reduction of floating pollutants in waterways and help protect aquatic ecosystems. The trash and debris collection vessel, designed to skim floating litter from harbors and waterways, can also be used for various marine maintenance duties from its 8- by 11-foot work platform.
Meyer Werft Offers Training for Refugees
German shipbuilder Meyer Werft and the Johannesburg educational institution in Surwold are expanding their collaboration by further developing already existing work for the integration of young people from socially disadvantaged backgrounds. The program offers refugees from various crises regions opportunities to further qualification and, with this, integrate into society, the shipbuilder said. In the first step…
Low Containership Demand: A Manageable Challenge?
Is the lack of demand for containerships a manageable challenge? The low demand on the high volume trade lanes is increasing the pressure on earnings which is already felt in the container shipping industry, says shipping association BIMCO. This was one of the views that BIMCO’s Chief Shipping Analyst, Peter Sand, shared with the participants at the Maritime Cyprus 2015 Conference as he played an active part as a panelist on the session that focused on the future of the shipping market.
VOSS Fluid: Tube Connection Technology
For connection of stainless steel and steel tubes above and below deck, VOSS Fluid provides the VOSSFormSQR tube forming system. The solution is certified for marine and offshore applications, even frequently-changing assembly personnel achieve process-reliable connections. Leaky connection points on ships and wind parks can quickly grow into enormous problems. Aiming to ensure that a leak does not occur in the first place and to prevent time and cost intensive localization and repair work…
