Shipping alliances will lead to market convergence and will reinforce the risk of reducing service quality and sailing frequency as well as free choice for manufacturers and retailers, as well as enhancing prices, according to the European Shippers’ Council (ESC) It also has called for greater data monitoring by national competition authorities following recent announcements regarding shipping line collaborations which, it claims, are bringing “the container liner market one step closer to total convergence”. The increased collaboration between the French container ship operator CMA CGM and Germany’s Hamburg Süd will bring the container liner market one step closer to total convergence, the European Shippers’ Council warns. The Brussels-based organization wants a focus on “operational and juridical links between ship owners” and the “correlation between price modification and capacity modification”. ESC, which represents the logistic interests of manufacturers, retailers and wholesalers, argued that the situation will “neither improve trade nor the growth of economies”, stating:” This new global partnership underlines the fact that the maritime liner competition should be seen from a global perspective and not at regional level.
The Panama Canal Authority (ACP) took one step closer to breaking ground for the expansion of the Panama Canal Tuesday, when it officially awarded the first expansion construction project contract to Constructora Urbana S.A. (CUSA). The selection process began May 7, when the ACP released its request for proposals to begin the first of five dry excavation projects to create the new Pacific Locks access channel. This new channel will link a new
Northrop Grumman announced that it recently completed a series of tests of the Maritime Laser Demonstration (MLD) system, moving high-energy lasers a step closer to deployment aboard U.S. Navy ships. According to the company, shore-based tests at the Naval Surface Warfare Center (NSWC) in Port Hueneme proved the MLD system's ability to track small boats at long ranges and in a marine environment. "Tracking tests were part of a larger program designed to demonstrate laser weapon system
German Greens MEP Michael Cramer welcomes news that development of the world's first hydrogen-fuelled ship has come a step closer. Cramer was speaking at the presentation of "project zero", an initiative designed to develop the first ship generating zero greenhouse gas emissions. , reports The Parliament. Scandlines, the Danish-German ferry company, wants to develop a ferry servicing a short, 100km route between the two countries, which would be powered, in a sense, by wind
New permit is an important step in the excavation process by Seafarer Exploration Corp. of an historic shipwreck site located off Lantana Beach Florida. The permit was issued pursuant to Part IV of Chapter 373, Florida Statutes and Title 62, Florida Administrative Code from the Florida Department of Environmental Protection (DEP) and represents an important step in Seafarer's quest to excavate this exciting shipwreck site.
The Coast Guard offloaded nearly $600,000 estimated wholesale value of marijuana at Coast Guard Sector Miami, Friday. On Aug. 3, the Coast Guard Cutter Dependable detected a go-fast vessel with suspicious packages off the coast of Jamaica. The men aboard the go-fast began jettisoning packages overboard after the Dependable began pursuit. The Dependable launched its small boat and stopped the suspect vessel after employing disabling fire against one of the outboard engines
The U.S. Special Operations Command's (USSOCOM) Advanced SEAL Delivery System (ASDS) and the U.S. Navy's USS Greeneville (SSN 772) have accomplished the last significant test of the ASDS system prior to its Operational Evaluation the successful launching and recovery of the system from a host submarine. For this most recent system test, ASDS Boat 1 successfully completed multiple launch and recovery docking scenarios with the USS Greeneville
A UK Short Sea Shipping Bureau is one step closer to becoming a reality, according to the Institute of Chartered Shipbrokers (ICS). Over recent months, the ICS has organised a number of meetings with leading bodies in the UK transport industry including the Chamber of Shipping, Freight Transport Association, BIFA, Road Haulage Association and British ports' groups, all of which have given the bureau their full support. The next step is to secure funding from the UK government.
Huntington Ingalls Industries (HII) announced that its Newport News Shipbuilding division has reached a milestone in the construction of the submarine Indiana (SSN 789). The 16th Virginia-class submarine has reached “pressure hull complete,” signifying that all of its hull sections are joined to form a single, watertight unit. Ship’s Sponsor Diane Donald, wife of Adm. Kirk Donald (U.S. Navy, Ret
The planned merger between German container shipping line Hapag-Lloyd and United Arab Shipping Company (UASC) could be on the verge of gaining EU Antitrust approval, reported Reuters. The planned tie-up, which would create the world’s fifth-largest carrier is one step closer to becoming a reality after sources close to the deal told Reuters that UASC had agreed to pull out of some vessel sharing agreements, seen as a key stumbling block in gaining approval.
Norwegian Cruise Line’s first cruise ship custom designed for China has been floated out of Meyer Werft’s covered building dock II on March 4 in Papenburg, Germany, where the 168,800-gross-ton ship has been under construction since September 2015
The US Department of Justice has approved the establishment of G2 Ocean. Authorities in Poland, Germany and Brazil have already approved G2 Ocean. This means the joint venture between Gearbulk and Grieg Star is a vital step closer to reality
European shipowners welcome the European Parliament’s adoption of the Recommendations on the 2010 Protocol to the International Convention on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea 1996 in its Plenary-session
The Navy will christen its newest Virginia-class fast attack submarine, the future USS Indiana (SSN 789), during an 11 a.m. EDT ceremony Saturday, April 29, at Huntington Ingalls Shipyard in Newport News, Virginia. Vice President Mike Pence
The Navy will christen its newest Freedom-variant littoral combat ship, USS Wichita (LCS 13), during a 10 a.m. CST ceremony Saturday, Sept. 17 in Marinette, Wisconsin. Wichita, designated LCS 13, honors the city of Wichita, Kansas. Sen
CMA CGM and ENGIE signed a Memorandum of Understanding to promote LNG as the marine fuel for tomorrow’s container vessels. Farid Salem, Executive Officer of the CMA CGM Group, and Isabelle Kocher, CEO of ENGIE, signed the agreement today at the Marseille headquarters of CMA CGM.
The Port of Seattle has completed the environmental analysis of Terminal 5 and has prepared the Final Environmental Impact Statement (FEIS) on the project to modernize the cargo-handling facility in order to serve larger cargo vessels. The proposed upgrades to Terminal 5 are wharf rehabilitation
The German Fair Trade Commission has approved the acquisition of Hamburg shipyard Blohm+Voss GmbH by the Bremen-based, family-owned company Luerssen Maritime Beteiligungen GmbH & Co. KG, a specialty designer, manufacturer and repairer of yachts over 60 meters and military ships.
The U.S. Navy’s new guided missile destroyer John Finn (DDG 113) has completed its third and final round of sea trials following two days testing various systems in the Gulf of Mexico. “The success of DDG 113 acceptance trials moves us one step closer to delivering a quality
Verifavia, the world’s leading emissions verification company for the transport sector (aviation and shipping), has commenced a ‘pre-verification GAP-Analysis’ audit for Greek-based Dynacom Tankers Management Ltd. (Dynacom).
France-based CMA CGM today announced a new direct weekly container service to Asia from the Port of New Orleans Napoleon Avenue Container Terminal. Part of the company’s PEX3 service, the inaugural vessel is scheduled to arrive on January 31 for service by terminal operator Ports
Wilhelmsen and Wallenius have signed an agreement leading to a new ownership structure for their jointly owned investments in Wallenius Wilhelmsen Logistics, EUKOR Car Carriers and American Roll on Roll off Carrier. Signing the transaction agreement is an important milestone in the merger as
Dredging technology company VOSTA LMG will be moving its headquarters from Amsterdam to Delft in a few days. The move will bring the company closer to its customers, while ensuring continuity of operations and the excellence its customers have come to expect in terms of its product and service
The Navy will christen its newest Independence-variant littoral combat ship, USS Tulsa (LCS 16), during a 10 a.m. CST ceremony Saturday, Feb. 11 in Mobile, Alabama. Tulsa, designated LCS 16, honors the city of Tulsa, Oklahoma.
The announcement on the February 28 of EMAS Chiyoda’s bankruptcy is the latest in a long line of vessel contractors to fall victim to the downturn since January 2015. Multiple companies such as Cal Dive, Ceona, Cecon, Hercules Offshore, Harkand and Swiber have entered into administration