Autonomous Ships Market: $134.9B by 2030
The global autonomous ships industry is expected to generate $134.9 billion by 2030, witnessing a CAGR of 4.4% from 2020 to 2030.This projection is premised on an increase in demand for cargo transportation from marines and surge in operational safety of ships drive the growth of the global autonomous ships industry, according to a report published by Allied Market Research.Based on region, Europe is expected to register the largest growth rate with a CAGR of 4.9% from 2020 to 2030.
Bosphorus Gets Multipurpose Boat
Turkey-based builder Sanmar Shipyard is building multipurpose vessel, the first of a brand based on the Robert Allan Limited RAlly 1900 SX design and called Poyrazköy Class, for Duzgit Company.The new series vessel is named Salim Duzgit after the founder of its new owners of Duzgit.This is a different type of vessel to the usual and well-established product normally associated with the collaboration between Sanmar and the Canadian naval architects which typically concentrates…
Containers Market to Grow by 6.5%
The shipping containers market estimated to grow with a CAGR of 6.5% during the forecast period from 2018 to 2026, said a report.According to ResearchAndMarkets' latest report, the number of goods carried by shipping containers witnessed an extravagant grow from 102 million metric tons in 1980 to 1.83 billion metric tons in 2017.The quantity is projected to claim more than 60% of the world seaborne trade and almost 90% of the non-bulk cargo transported across the globe, it said.The number is quite promising and anticipated to proliferate significantly in the coming years.
India Develops 111 Inland Waterways
The government of India has informed that 111 waterways are being developed in phased manner as National Waterways (NWs) in the country for the purpose of shipping and navigation.The Minister of State for Shipping Mansukh Mandaviya that various initiatives have been taken by the Government to increase the use of Inland Waterways and Coastal Shipping for greater cargo shipment.These include providing assured depth of water in the channels, navigation aids like GPS and River Information System…
India - Maldives Ferry Services Soon
The Indian Cabinet gave its approval ex post facto to the pact signed between India and the Maldives to start passenger and cargo services through the sea route.The memorandum of understanding (MoU) was signed between India and Maldives on June 8, during the visit of Prime Minister Narendra Modi to the island country.The MoU will pave the way for ferry services between the Maldives and India, said a statement from the ministry of shipping, India. The proposed ferry service would contribute in a big way to promote people to people contact and to boost bilateral trade.Male…
Museum Adds Tug OHIO to Exhibit
Great Lakes Towing Company (GLT), the largest U.S.-flag tugboat company engaged in towing on the Great Lakes, christened the new Tug OHIO into service and dedicated the historic Tug OHIO as a part of the National Museum of the Great Lakes.A press release from GLT said that the newly constructed Tug OHIO is the second Damen Stan Tug 1907 ICE design that Great Lakes Shipyard has delivered to The Great Lakes Towing Company. The tug is 64’x24’x11’, powered by two 1,000-hp MTU 8V4000 Tier III diesel engines, and generates over 30-tons of bollard pull.
Sanmar Delivers RAlly Steel Utility Boat
Turkish tug boat builder Sanmar Shipyards has delivered the first RAlly 1900-SX to new owner Düzgit Group in Turkey for service around Istanbul in the busy Bosporus area.The RAlly 1900-SX is a versatile steel twin screw utility boat capable of doing many different tasks including crewboat service, construction and maintenance work, cargo transportation, and light towing.The large 11 m x 5 m clear working deck can be used for moving cargo or equipment, marine contracting and construction work, navigation aids maintenance, and anchor handling.
Sailing into a Climate-Challenged Future
Wärtsilä asks: is shipping able to cope?2018 can be viewed as the year of pivotal climate action when the world started demanding change. The global warming debate intensified when the Intergovernmental Panel on Climate Change (IPCC) reported that surpassing the 1.5 degrees rise in global temperature carries huge risks for humans and nature alike. Global emissions need to be lowered dramatically and the maritime industry has a significant stake in making it happen. This is a call…
ATB Push Tug Island Raider Enters Service
Canada-based provider of oil cargo transportation services Island Tug and Barge Ltd informed that s new ATB push tug the Island Raider has entered service pushing the double hulled refined petroleum products barge, ITB Resolution.The Island Raider is the first of two, twin Z-drive, ATB push tugs for service on the West Coast of North America. Constructed at Island Tug’s Annacis Island Shipyard on the Fraser River, the Island Raider is connected by an articulating pin system to…
ONE Drags Down NYK Line Earnings
Container line joint venture Ocean Network Express (ONE) dragged down NYK Line in the first half of 2018 ended September 30 with with Japanese shipping group in the red.NYK Line reported a loss of JPY 9.7 billion for the six months ended September 30, compared with a JPY6.2 billion profit a year earlier. The consolidated revenues amounted to JPY 915.6 billion, down from JPY 1,064.2 billion in the same period of the previous fiscal year.The new shipping line ONE, which was established with the aim of integrating the container shipping business with those of Kawasaki Kisen Kaisha, Ltd.
Azerbaijan Caspian Shipping Expands Operations
The issue of expanding the activities of the Azerbaijan Caspian Shipping Company (ACSC) in foreign waters commissioned by President of the Republic of Azerbaijan Ilham Aliyev in order to eliminate dependence on a single market, while maintaining the leading positions of the Shipping Company in the Caspian Sea, is in the center of constant attention.Consistent measures are being taken in this direction. Expanding the activities of the Shipping Company in international waters is of great importance in terms of opening new jobs on a permanent basis…
GoodShipping Program Becomes First Fossil-Free Sea Cargo Transportation
The GoodShipping Program, which claims to be the world’s first global initiative established to decarbonise shipping through the use of sustainable low carbon marine fuels, has announced that five pioneering shippers are the first to save CO2 emissions through the scheme.The delivery of advanced, sustainable marine fuel by GoodFuels Marine means that the shippers participating in the inaugural program – Tony’s Chocolonely, Dopper, Blygold, Magic Marine and Mystic – collectively reduced their carbon footprint by over 40 tons."In collaboration with our partners GoodFuels Marine and Samskip…
ZIM Ranked First in Schedule Reliability
ZIM Integrated Shipping Services (ZIM) ranked first in schedule reliability on the Asia - US East Coast trade, said a press release from the company. According to the recent Seaintel Global Liner Performance Report for June 2018, ZIM is the best performing carrier on the Asia - US East Coast trade among the top-19 companies reviewed. ZIM President & CEO Eli Glickman said: “ZIM’s performance on this trade has been consistently one of the best in the industry, with reliability levels above the industry average. ZIM is one of the leading carriers in the global container shipping industry.
Matson Christens First Aloha Class Vessel 'Daniel K. Inouye'
Largest Containership Built in U.S. Will Serve Hawaii. Matson, a U.S. flag carrier in the Pacific, and Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY) christened the largest containership ever built in the United States in a ceremony at the Philly Shipyard on Saturday, June 30. The new vessel is named 'Daniel K. Inouye' in honor of Hawaii's late senior U.S. Senator, who was a longstanding supporter of the U.S. maritime industry and its important role in supporting Hawaii's economy.
Crowley Launches New Caribbean Shipping Service
Crowley Maritime Corp.’s liner services group announced today that it has launched a new feeder shipping service connecting San Juan, Puerto Rico; Rio Haina, Dominican Republic; and St. Croix and St. Thomas in the U.S. Virgin Islands (USVI).With the new service, vessels depart Rio Haina on Sundays and arrive in San Juan on Tuesdays. After departure on Thursdays, cargo arrives in St. Thomas and St. Croix on Fridays, before the vessel moves to the Dominican Republic again for Sunday operations.
Damen Debuts New Fast Crew Supplier Vessel
Damen Shipyards Group has introduced a new model to its Fast Crew Supplier range: the FCS 2710, which builds on the FCS 2610 first introduced in 2011.The first FCS 2710 vessel is already in build at Damen Shipyards Gorinchem for delivery in July 2018. The FCS 2710 retains the twin hull, axe bow design. However, as the offshore energy industry has evolved in recent years so has its requirements for crew transfer vessels and the regulations that govern them. Damen has listened to the feedback and designed a vessel that retains much of the fundamental design of the 2610…
Ferry Vessel Dagestan Completes Modernization
The vessel "Dagestan" with a length of 154.5 and a width of 18.3 meters was built in 1984 in Pula, the former Yugoslavia (currently Croatia). It was decided to repair and upgrade the ferry "Dagestan", withdrawn from operations 5 years ago. Modernization of the ferry, which is one of the unique vessels of its time, was completely executed by the engineering and technical personnel of the Azerbaijan Caspian Shipping Company at the "Zigh" Ship Repair and Construction Yard. It should be noted that the project of modernization…
TRAC Intermodal Gears Up for Gulf Coast Resin Exports
TRAC Intermodal is expanding and improving the quality of its chassis fleet in the Gulf Region to meet an expected surge in U.S. resin exports. The TRAC Gulf Regional Pool (TGRP) now offers the largest and most modern fleet of chassis in the ports of Houston, Dallas, Mobile, New Orleans and El Paso as well as several other locations. TRAC has refurbished over 20 percent of its TGRP fleet to ensure that customers have access to the highest quality and most reliable chassis in the Gulf port complex.
Maritime Shipping Market Brightened: NYK Line
Japan’s Nippon Yusen Kabushiki Kaisha (NYK Line) said that conditions in the maritime shipping market were positive overall during the nine-month period of the fiscal year ending March 31, 2018. In the container shipping market, an upswing in spot freight rates stalled somewhat as the total supply of tonnage remained at similarly high levels as the previous year. Nevertheless, shipping traffic was brisk on the back of robust demand for container shipments. In the dry bulk shipping market…
Tajikistan to Use Caspian Sea
Tajikistan is interested in supplying cargoes to international markets through the Caspian Sea, Ambassador Extraordinary and Plenipotentiary of the Republic of Tajikistan to Azerbaijan to Azerbaijan Soli Rustam said during his visit to the Azerbaijan Caspian Shipping Company (ACS). ACS Chairman of the Shipping Rauf Veliyev informed the guest about the activities, carried out in Azerbaijan in the field of maritime transport, the successes, achieved in the process of updating the fleets, and the contribution of AZerbaijan to the development of transport corridors.
Crowley Shipping Announces Management Team
Crowley Maritime Corp. appointed four industry veterans to oversee the consolidated lines of business under the recently formed Crowley Shipping group, which provides petroleum and chemical transportation, commercial ship management, offshore energy support and ship assist and tanker escort services in the U.S. and international markets. Crowley said the new business unit structure better aligns vessel operations and services with customers, positioning the company for greater growth and efficiency under Rob Grune, senior vice president and general manager.
Voices: Paulo Cesar P. Freitas, Norsul
To better understand the challenges faced by ship operators in Brazil, Maritime Reporter’s correspondent in Brazil spoke to Paulo Cesar P. Freitas, Fleet Manager for Norsul Shipping company, one of the major shipping operators in Brazil. Established in 1963 and operating continuously ever since, “Companhia de Navegação Norsul”, as it is called in Portuguese, is one of the leading private maritime commerce companies in Brazil. Norsul specializes in dry-bulk, neo-bulk cargoes, general cargo…
Bahri Reinforces Americas Commitment
Reinforcing its three-decade-long presence in North America, transportation and logistics firm Bahri took part in Breakbulk Americas, being held from October 17-19, in Houston. The Bahri booth at Breakbulk Americas was opened by Mr. Sultan bin Abdullah Al-Angari, Consul General of Saudi Arabia in Houston, during a ribbon-cutting ceremony on the first day of the annual event in the presence of Amal Al-Ruwaii, Director for Trade and Investment, Embassy of the Kingdom of Saudi Arabia in United States of America…