Maritime Training Budgets Increasing -MarTID Report
More maritime operators increased their training budgets from 2016 to 2017 than decreased them, according to the Maritime Training Insights Database (MarTID) 2018 Training Practices Report.When compared to 2016, around 40 percent of survey respondents indicated that their training budget had increased in 2017, while just 14 percent reported their training budgets had decreased. The median budget increase…
Abu Dhabi Ports Signs a 30-year Deal with MSC to Build Terminal
New Beam Trawler Delivered
Dutch shipbuilder Damen has delivered the first new beam trawler to take to the North Sea in 12 years.Over the last 10 months, Damen Maaskant Shipyards Stellendam (Maaskant) has outfitted the 41-meter hull from stock. The vessel, designated UK 46, is for Hakvoort Brothers, based in Urk, the Netherlands. According to the builder, a key feature of the vessel is the installation of twin Optima nozzles manufactured by Damen Marine Components (DMC).
GE Engines Power USS Cincinnati
GE Marine Solutions' LM2500 marine engines power the U.S. Navy’s newest Independence class Littoral Combat Ship (LCS) USS Cincinnati (LCS 20), which was christened May 5 at the Austal USA shipyard in Mobile, Ala.Each of the ship’s two LM2500 engines produce over 29,500 horsepower, propelling the USS Cincinnati to speeds in excess of 40 knots or 46 miles per hour.“Our skilled and diverse workforce proudly…
Capital Products Acquires M/T Anikitos
Capital Product Partners L.P. has announced that it has completed the previously announced acquisition of the M/T Anikitos, an eco-type MR product tanker (50,082 dwt IMO II/III Chemical Product Tanker built 2016, Samsung Heavy Industries (Ningbo) Co., Ltd.) for a total consideration of $31.5 million from Capital Maritime & Trading Corp.The Partnership funded the acquisition of the M/T Anikitos with the net proceeds received from the sale of the M/T Aristotelis…
Danish Fleet Surpasses 20 million GT
The total gross tonnage of the Danish ship registry recently surpassed 20 million GT for the first time in history.Denmark, which has been steadily climbing the ranks as a shipping nation, is currently the world's 12th largest register.The fleet under Danish flag continues to grow as the country’s government maintains efforts to ensure conditions are attractive for the maritime industry, the Danish Maritime Authority (DMA) noted…
Port of Newcastle CEO Geoff Crowe Resigns
Port of Newcastle advises that Geoff Crowe, Chief Executive Officer, has informed the Board of his intention to resign, effective at the end of June. Geoff joined Port of Newcastle in July 2015 with extensive experience in the coal mining and logistics industry. He led the development of the Port's growth and diversification strategy, including the development of plans for a cruise terminal, bulk terminal and a container terminal.
Glencore-QIA Halts Selling Rosneft Stake to China Energy Company
A consortium of Qatar Investment Authority (QIA) and Anglo–Swiss mining company Glencore has scrapped a deal to sell 14.16% stake in Rosneft to CEFC China Energy Company. "Glencore refers to the announcement on 16 October 2017 concerning the Consortium’s agreement to sell to CEFC China Energy Company Limited a 14.16% stake in Rosneft. The Consortium has today sent a notice to CEFC to terminate that agreement in accordance with its terms and accordingly that proposed sale will no longer proceed…
Diana Shipping Signs TC Contract for m/v Houston with SwissMarine
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Houston. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$19,000 per day, minus a 5% commission paid to third parties, for a period of about nine months to about eleven months.
Navios Maritime Containers Acquires Three Containerships
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced that it agreed to acquire three containerships for a total purchase price of $117.25 million. Navios Containers agreed to acquire two 8,204 TEU containerships, the YM Utmost and the YM Unity, for $67.0 million from Navios Maritime Partners. The two vessels are chartered out at a net daily charter rate of $34,266 until August 2018 and October 2018, respectively.
Port of Amsterdam Introduces Bin2Barrel
In the port of Amsterdam the construction has started of a new facility that will convert non-recyclable plastic into fuel for the transport sector, which will cut down CO₂ emission by 57,000 tonnes per year. It is the first project of Bin2Barrel, a Dutch company focusing on the development of Plastic-to projects. This is how synthetic materials that could not be reused otherwise will now become reusable in a useful application…
DP World to Develop Egypt Port Terminal
A Memorandum of Understanding (MoU) agreed by DP World, Egypt’s Holding Company for Maritime and Land Transport and the Suez Canal Authority is aiming to develop a new Inland Container Depot (ICD) in Egypt’s 6th of October City, a satellite town in the Giza Governorate and part of the urban area of Cairo. The three partners will bid for the government contract for the project later this year. The proposed…
Study Calls to Reduce Ship Speed for Arctic
In the Arctic, marine mammals such as belugas and bowhead whales rely on a quiet environment to communicate and forage. But as Arctic sea ice shrinks and shipping traffic increases, vessel disturbance could very likely impact their social behaviours, distribution and long-term survival, warns a new study led by University of Victoria marine biologist Lauren McWhinnie. Published in the peer-reviewed journal Ocean and Coastal Management…
Shell Awards Deepwater Installation Contract in GOM
In another sign that activity in the moribund offshore sector is starting to loosen, Jumbo said that it has won the installation contract for the Shell deep-water Vito development in the US Gulf of Mexico. The Vito development is located in the Mississippi Canyon, approximately 150 miles south of New Orleans in water depth of more than 4,000 feet. Jumbo’s installation contract involves the initial pre-lay of the mooring system as well as the subsequent tow and hook-up of the FPS.
Great Lakes/Seaway Iron Ore Trade Behind 2017
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 5.5 million tons in April, a decrease of 6.3 percent compared to a year ago but nearly 15 percent ahead of the month’s five-year average, the Lake Carriers’ Association (LCA) reported.Shipments from U.S. Great Lakes ports in April were down 4.5 percent at 5.1 million tons, LCA said. The mine that shipped through Escanaba, Mich. has been permanently idled, meaning all the iron ore shipped to U.S.
Poland Cuts Dependence on Russian Oil but at a Cost
Poland's imports of Russian oil last year fell to their lowest level since 2005, a central bank report published on Tuesday showed, though Warsaw's bid to diversify its energy imports also meant paying higher prices.Russian oil accounted for 76 percent of all oil purchases, down from 96 percent in 2012, as state-run refiners PKN Orlen and Lotos increased their purchases of oil from sources other than…
Could US Sanctions Hit Iranian Crude Exports?
Oil prices are at more than three-year highs, driven by an expectation that renewed U.S. sanctions on Tehran over the country's nuclear program will disrupt Iranian crude flows.But without the Europe Union, or Iran's other big crude customers, joining the effort, as the EU did in 2012, it will be harder for Washington to hit Iran where it really hurts.U.S.
China'a April Exports Stronger than Expected
China's exports rebounded more strongly than expected in April after a surprise drop the previous month, suggesting global demand remains relatively resilient and providing a cushion to the economy amid a heated trade dispute with the United States.Imports in April also grew more robustly than anticipated, signalling China's domestic demand is holding up well, good news for policymakers looking to soften the blow from any trade shocks.China's April exports rose 12.9 percent from a year earlier…
DNV GL to Class Royal Caribbean’s New ICON Ships
Finnish shipbuilder Meyer Turku and DNV GL have signed a contract for the classification of Royal Caribbean International’s two new ICON Class cruise ships scheduled for delivery in 2022 and 2024.The final concept for the first vessel is currently being discussed, and the concept design phase is expected to start this spring. The initial building phase of the first ship will begin next year, with keel…
Tug Smashes Wharf in New Orleans
The wharf at New Orleans’ Mardi Gras World was heavily damage as result of a tug allision on Monday.No injuries, pollution or effects to vessel traffic in the area have been reported.The U.S. Coast Guard said it received a report at approximately 6:50 p.m. that the uninspected towing vessel Steve Richoux allided with the wharf. Local media reported the vessel was pushing four barges at the time of the allision.The U.S.