Washington State Ferries Ridership at a 15-year High
Washington State Ferries, the nation’s largest ferry system, carried nearly 24.5 million passengers in 2017, its highest ridership since 2002. Ridership increased for the ninth consecutive year and was up by more than 250,000 over 2016. “We expect our ridership to continue to grow as more people move to Western Washington,” said WSF head Amy Scarton. “As part of the state highway network, the ferry…
Seacor Announces JV with Cosco Shipping Affiliates
Offshore services vessel operator SEACOR Marine Holdings Inc. said it has formed a jointly owned company with affiliates of the world’s largest ship owner, COSCO Shipping Group. The Marshall Islands company, SEACOSCO Offshore LLC, entered into contracts for the purchase of eight Rolls-Royce designed new construction platform supply vessels (PSV) from COSCO Shipping Heavy Industry (Guangdong) Co., Ltd.
MAN's Part-Load Optimization a Fuel Saver
MAN Diesel & Turbo’s Part-Load Optimization is a tuning method designed to optimize fuel-oil consumption during the part-load operation of four-stroke, small-bore MAN auxiliary engines. “Part-Load Optimization works on the principle that fuel consumption is reduced at low and part load at the expense of a higher fuel consumption in the high-load range, without exceeding the IMO NOx limit,” explained Finn Fjeldhøj – Head of Small-Bore, Four-Stroke Engineering – MAN Diesel & Turbo.
Baltic Index Drops to 5-month Low on Sinking Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell nearly 5 percent on Wednesday to its lowest in over five months due to tumbling capesize rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, slid 57 points, or 4.7 percent, to close at 1,164 points, the lowest since Aug. 14. The capesize index fell 267 points, or 13.28 percent to 1,743 points, its lowest level since Aug.
Santos Port to Suspend Shipments of Live Animals
The company that operates Latin America’s largest port in the Brazilian city of Santos said on Friday it will suspend shipments of live animals. The company detailed its decision in a letter seen by Reuters that was sent by state-run Companhia Docas do Estado de São Paulo to a congressman. A press officer at Codesp, as the state-run operator is known, said the letter was authentic. Later, the company sent a statement confirming the suspension.
Finland Concerned over Rise in Russia's Cargo Ship Inspections
The Finnish government has voiced concern over surprise inspections on Finnish cargo ships visiting Russian ports in recent weeks, saying delays had been a problem for shipping companies. Neighboring Russia carried out seven thorough inspections in the past two weeks on Finnish ships at St Petersburg and other ports, without giving a specific reason, a government minister said on Friday. Such inspections usually take place for Finnish ships only a few times a year globally.
EU Opens Investigation into Tax Incentives for Polish Shipyards
The European Commission on Monday opened an investigation into tax incentives for shipyards in Poland, saying it had concerns the scheme would give an unfair advantage to companies. Under the Polish scheme, shipmakers can pay a flat-rate tax on sales from the building and conversion of ships. The Commission said such a measure could be seen as “operating aid”, which is illegal under EU rules. “The Commission will now investigate further to determine whether its initial concerns are confirmed…
Amid Tension, China Carrier Group Sails through Taiwan Strait
A Chinese carrier group has sailed through the narrow Taiwan Strait that separates the self-ruled island from its giant neighbor but no unusual activity was detected, Taiwan said on Wednesday, amid heightened tension with Beijing. Beijing has taken an increasingly hostile stance toward Taiwan since the election two years ago of President Tsai Ing-wen of the pro-independence Democratic Progressive Party.
Dive Support Vessel Delivered to Stapem Offshore
The first of two new 18-meter catamaran dive support vessels built for Paris-based Stapem Offshore has been delivered by South African shipbuilder Legacy Marine Group. The Marshal Island-flagged vessel, Stapem Beluga, will operate in the coastal waters of Angola in support of oil and gas exploration and production. The vessel, designed by Incat Crowther, has been customized to suit Stapem’s specific operational requirements.
Ex-US Navy Officers Face Negligent Homicide Charges over Ship Collisions
The commanding officers of two U.S. Navy destroyers involved in deadly collisions last year in the Pacific Ocean face courts-martial and military criminal charges including negligent homicide, the U.S. Navy said in a statement on Tuesday. Filing charges against the officers marks the Navy’s latest effort to address the problems that led to collisions involving its warships in Asia, in which 17 sailors were killed.
GE Ships LM2500 Marine Gas Turbine for US Navy
GE's Marine Solutions division said it has shipped a LM2500 marine gas turbine propulsion module that will help power the U.S. Navy's 75th DDG Arleigh Burke-class destroyer Jack H. Lucas (DDG 125). Shipbuilder Huntington Ingalls Industries' Ingalls Shipbuilding division will construct this new destroyer with U.S. Navy Flight III upgrades incorporated. Each DDG destroyer features four GE LM2500 marine gas turbines in a combined gas turbine and gas turbine (COGAG) configuration.
Tug Newbuild Delivered to De Boer
On January 9, Damen Shipyards Hardinxveld delivered an ASD Tug 2310 SD (shallow draught), named Papillon, to De Boer Remorquage SARL, a subsidiary company of Dutch Dredging (Baggerbedrijf De Boer) and Iskes Towage & Salvage. Damen has customized the ASD for a 12-year contract with Grand Port Maritime de Guyane in the ports of Cayenne and Kourou in French Guiana. The tug’s primary function will be the assistance of vessels entering and leaving the ports.
Norway: We Must Prepare for Arctic Oil Race with Russia
Norway must identify potential offshore oil and gas reserves near its northern maritime border with Russia to better protect its economic interest in the remote Arctic region, energy minister Terje Soeviknes said on Wednesday. The two countries agreed in 2010 to split previously disputed areas of the Barents Sea between them, allowing each to exploit resources hidden beneath the seabed. An increase in drilling activity on the Russian side of the border should lead Norway to push its own agenda…
Rolls-Royce Shares Jump as Commercial Marine Unit Sale Mulled
Britain's Rolls-Royce said on Wednesday it was considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas markets, as part of a restructuring of the company into three core units. Shares in the company jumped after it said the loss-making unit could be sold. They were trading up 7.2 percent at 1330 GMT. The announcement came as part of a restructuring of the aero-engine maker into civil aerospace…
Niger Delta Avengers: Attacks Against Nigeria's Oil Sector Coming
Nigerian militant group Niger Delta Avengers said on Wednesday it will launch attacks on the country's oil sector in the next few days. "This round of attacks will…
London Gateway Ups Security Measures
Expanded use of converged security and information management platform will support physical and IT security program at DP World London Gateway. London Gateway, one of the U.K.’s major ports owned and operated by DP World, has implemented converged security and information management (CSIM) software port-wide to increase security and provide overall situational awareness capability. Situated on the north bank of the River Thames…
Iranian Tanker Produces 2 Slicks in East China Sea
An Iranian oil tanker that sank in the East China Sea has left two oil slicks covering a combined 109 square km (42 square miles), the Chinese government said, as maritime police scoured for damage and prepared to explore the wreck. Satellite imaging showed a slick of 69 square km (26.6 square miles) and a second 40 square km (15.4 square miles) slick, which is less thick and not as concentrated, the State Oceanic Administration (SOA) said in a statement late on Tuesday.
G E Shipping Sells Supramax
India’s largest private sector shipping company Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2003 built Supramax Dry Bulk Carrier Jag Rahul of about 52,364 dwt. G E Shipping said that the vessel will be delivered to the new buyer in Q4 FY 2017-18. The Company’s current fleet (including Jag Rahul) stands at 48 vessels, comprising 32 tankers (12crude carriers, 17 product tankers…
Global Ship Lease Extends TC with CMA CGM
Global Ship Lease, a containership charter owner, announced that it has agreed to an extension of its charter with CMA CGM for the GSL Tianjin, a 2005-built, 8,063 TEU containership. The vessel will be chartered for a period of eight to twelve months (at the charterer's option) at a fixed rate of $11,900 per day, commencing in direct continuation from its current charter on January 26, 2018. Ian Webber…
Norway SWF Dumps 3 Shipping Firms
The Norwegian Central Bank has decided to exclude ship owners Evergreen Marine Corporation, Precious Shipping, Korea Line Corporation and Thorensen Thai Agencies from the Government Pension Fund Global (GPFG). The exclusion is based on the companies’ poor management of their end-of-life ships and the sale of these for dirty and dangerous shipbreaking on the beaches of Gadani, Pakistan and Chittagong, Bangladesh.