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Good News

Korea Shipbuilders Win Orders Worth $1B

According to a Jan. 12 report from The Chosum Ilbo, Korean shipbuilders won new orders worth over $1b in the first 10 days of the new year, in a complete reversal of the situation last year. STX Offshore & Shipbuilding and Hanjin Heavy Industries delivered the good news on Jan. 11, and Daewoo Shipbuilding & Marine Engineering and Sungdong Shipbuilding & Marine Engineering won new orders earlier. Industry insiders said an overseas marketing drive in the second half of last year finally paid off. (Source: The Chosun Ilbo)


New Ferry Service from West France to North Spain

Minister for Transport, Tourism & Sport Leo Varadkar has welcomed a new ferry route into Ireland in a matter of weeks, after LD Ferries confirmed a weekly service from western France and northern Spain. The LD Ferries service will connect Rosslare with St Nazaire on the west coast of France, and with Gijón in northern Spain. “This is a very welcome announcement and provides a valuable new landbridge from France and Spain into Ireland


EMMF Says e-bunkering Needs People

ExxonMobil Marine Fuels says e-bunkering is here to stay. "But," says Joe Rud, vice-president, "People can adapt to the complex needs of bunkering better and more quickly than websites. E-commerce has now settled down to its correct place in the bunker business. But e-suppliers must always include a phone number which lets buyers talk to a real person." Rud was writing in the current issue of HorsePower, EMMF's newsletter


Bureau Veritas Operating Profits Up 51 Percent

Leading international classification society Bureau Veritas announced first half operating profits of $54.17 million, up 51 percent on the same period last year. Net income rose 43 percent to $35.04 million on a 20 percent increase in turnover. A 19 percent growth in marine revenues, mostly due to growth in new building contracts, underpinned the strongly improved results. Bernard Anne, head of BV's marine division, says


WSS Opens Distribution Hub in Korea

Kim Jensen (Photo: WSS)

New distribution center offers improved product lead times for customers in Japan, China, Korea, Hong Kong and Taiwan   Overlooking Busan New Port in South Korea, Wilhelmsen Ships Service’s (WSS) newly opened 3,000+ square meter warehouse sits on a 6,000m2 site and will now take over from Singapore as the company’s distribution hub in North East Asia (NEA).    Steven Leong, WSS Regional Supply Chain Manager, said, “We chose Korea based on volumes


COP21 - 2 billion Tonnes of Goods Shipped Using GHG Rating

Image by RightShip

 Market-led solution reduces shipping’s carbon dioxide emissions. Ahead of COP21, 26 of the 35 charterers that include vessel efficiency in their supply chain selection have come forward to highlight their proactive measures on climate change.    By using the Greenhouse Gas (GHG) Emissions Rating to find the more efficient vessels these industry leaders are using their influence to incite change in the maritime industry by rewarding ship owners that prioritise efficiency


MSC to Add Argentina and Amazonia Express Services

Mediterranean Shipping Company (MSC) will enhance its East Coast South America and Caribbean services this month by introducing a new Argentina Express and an Amazonia Express service in addition to its weekly service from the ports of Charleston, Houston, Jacksonville to South America via Freeport, Bahamas, and new all-water service to Caribbean ports from Miami and New Orleans. “MSC will offer an all water service from Miami and New Orleans for the first time to a select number of ports in


ABIS Projects Bags £1m Contracts

Francis Kiernan

  ABIS Projects has won a clutch of contracts worth around £1million over the next 15 months. The oil and gas project services consultancy has secured frame agreements and call-off contracts with ADTI, Hunting, Talisman Sinopec and North Sea newcomer, MOL. Aberdeen-based ABIS Projects is working with these new clients providing multi-discipline resources covering business strategy, acquisitions, risk, projects and management systems across the supply chain.


Gloomy Fate of Hanjin Rome

Photo: Hanjin Shipping

 The ill-fated Hanjin Rome, owned by the bankrupt Hanjin Shipping Company - has been sitting off the eastern coast of Singapore for more than a month.   The mid-sized cargo vessel was placed under court arrest here on Aug 29 after German shipowner Rickmers filed a civil claim for money it says it is owed by Hanjin.   When the Hanjin Rome arrived in Singapore on 29 August, no-one on board expected anything other than a regular port call


Energy, Finance & the GoM

© Scott Bufkin / Adobe Stock

Some positive market indicators could presage an investment revival in the U.S. Gulf of Mexico – and beyond.   The good news, reported by Bloomberg, is that in the third quarter of 2016, the largest oil companies increased cash from operations by nearly $26 billion. This reflects a 67 percent increase from the previous quarter and more than twice the amount of the first quarter of 2016. Exxon Mobil, Royal Dutch Shell, Chevron


UK, Continental Ferries Carried 8.8 mln Cars in 2016

Photo: UK Chamber of Shipping

 The number of cars taken by ferry has increased from 8.6 million in 2015 to nearly 8.8 million in 2016, a 1.7% increase. This is the fourth successive year of growth according to the annual results of the ferry industry.   2016 Ferrystat figures released today by Discover Ferries


Meyer Turku Builds Big

Mein Schiff 5 float out. The cruise ship was delivered in June 2016. (Photo: Meyer Turku)

Maritime Reporter & Engineering News recently visited Finnish shipbuilding giant Meyer Turku, whose sights are set on building bigger.   It is safe to say that when shipbuilding commenced in the town of Turku, Finland in 1737, the company building wooden boats at the time could not have


Star Bulk Awarded USCG Qualship 21 for 30 Vessels

Photo: Star Bulk

The U.S. Coast Guard (USCG) has awarded Qualship 21 status to 30 bulk carriers owned and operated by Star Bulk Carriers Corp., the largest U.S. listed dry bulk operator.   The Qualship 21 program rewards high quality ships sailing under qualifying flags.  


Valletta Declaration on EU Shipping Strategy

Photo: European Community Shipowners’ Associations (ECSA)

 European Transport Ministers adopted Wednesday afternoon a ministerial declaration on maritime transport. The declaration outlines priorities for the EU's maritime transport policy, focusing on competitiveness, digitalisation and decarbonisation.   


Moore Stephens: 4th Straight Year of Operating Costs Decline

Richard Greiner (Photo: Moore Stephens)

International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average of 2.4% in 2015.   This compares with the 0.8% average fall in costs recorded for 2014, and is the fourth successive overall year-on-year reduction


European Shipowners Welcome IMO Decision on Emission

Photo: European Community Shipowners’ Associations (ECSA)

 The 70th session of the Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) concluded today (October 28) with a decision on defined tasks and timelines to reduce greenhouse gas (GHG) emissions from ships.   


Singapore Considering Financial Aid to Marine Sector

(File photo: Jill Friedman)

Singapore's minister of trade and industry S. Iswaran said the government is working in consultation with the marine and offshore engineering sectors, plus the region’s financial institutions, to review the possible need for measures to help them recover from the economic downturn


Oversupply Dampens Chemical Tanker Market

Graph: Drewry Shipping Consultants Limited

 Softening seaborne trade and rising fleet growth are expected to depress chemical shipping freight rates over the next few years, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.  


Grain and Project Cargo Dominate St. Lawrence Seaway Traffic in October

FederalCaribou (Photo credit: GreatLakes Seaway and FedNav)

“The Great Lakes St. Lawrence Seaway System saw a steady flow of traditional cargoes during the month of October,” said Betty Sutton, Administrator of the Saint Lawrence Seaway Development Corporation.  “Last month, shipments of aluminum, steel, generators, crane components


Can Trump Make Coal Great Again?

File Image: a cargo of barged coal  makes its way on the U.S. inland river system (CREDIT: Inland Marine)

Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. But a small sub-section of the coal sector that mines metallurgical coal - a variety used by steel makers instead of


Op/Ed: Obama’s Parting Salvo at US Energy Security

Randall Luthi (Photo: NOIA)

Randall Luthi, President of the National Ocean Industries Association (NOIA), does not pull any punches as he weighs in on the Obama administration’s release of the Final 2017-2022 Outer Continental Shelf (OCS) Oil and Gas Leasing Program.  


OceanSaver BWTS Earns USCG Approval

Image: OceanSaver

OceanSaver said it has received the final type approval certificate from U.S. Coast Guard as the first ballast water treatment system (BWTS) supplier utilizing electrochlorination. This means that a USCG type approved system is now available for medium and large vessels like LR1s


Satcom Global Aura Bringing Seafarers Closer

Courtesy SATCOM GLOBAL

Did you know that there are approximately 1.6 million seafarers today, and that 69% of those recently surveyed say access to crew communications at sea influences their choice of employer? Statistics show that the crew communications market value exceeded $1


Interview: Remi Eriksen, CEO of DNV GL

Remi Eriksen - CEO, DNV GL (Photo: DNV GL)

At SMM 2016 in Hamburg Maritime Reporter & Engineering News had the opportunity to sit with Remi Eriksen, the CEO of DNV GL. After his first year on the job in the top spot, Eriksen shares with MR his blunt assessment of the maritime and offshore O&G markets in the near-term


Maritime Piracy Drops But Kidnappings Rise

Graphics:  ICC International Maritime Bureau

 Sea piracy plunged to its lowest levels in 18 years in 2016, but kidnappings of crew members for ransom is escalating off west Africa and in the Sulu Seas near the Philippinessayd International Maritime Bureau (IMB).   The global maritime watchdog said  in its annual report that






 
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