MOL's Next-generation Car Carrier FLEXIE Series Wins Accolades
Mitsui O.S.K. Lines (MOL)announced that the MOL-operated next-generation FLEXIE series car carrier received the Good Design Award 2018, from the Japan Industrial Design Promotion Organization (JDP).This year, MOL's FLEXIE won the award for the first time in nine years as the only winner from the shipping industry. The Good Design Award is in a program to evaluate and encourage design representing Japan, which inherits the Good Design Product Selection System (G Mark System) founded in 1957.Judges highly evaluated the design…
Yanmar Marine Appoints Julio Arribas to Head SW Europe
Yanmar Marine Internationalhas appointed Julio Arribas as its South West European Regional Manager, a position that encompasses the roles of General Manager of both Yanmar Equipment Iberica, S.L. and the newly-established Yanmar France SAS.Arribas will spearhead the launch of Yanmar’s strengthened distribution operation and selective dealer network in France after the leading engine and propulsion specialist opened a new sales and customer representative office in La Roche-sur…
Asian Shares, Oil Fall as US-China Trade Spat Escalates
Asian shares fell to a 2-1/2 week low on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.Fears of a global trade war added to pressure on oil prices, which extended Friday's big fall, while the dollar retreated from near 3-week highs against the safe haven yen.Spreadbetters suggested a subdued start for European shares, with FTSE futures off about 0.1 percent. U.S.
Liebherr Expands in the U.S.
Liebherr-International AG, a family-owned company and one of the world’s largest manufacturers of construction machinery and earthmoving equipment invests $45 million in the expansion of its Newport News, Virginia, facility. Liebherr, which has been manufacturing and operating in Newport News for nearly 50 years, invests $45 million in the expansion of its Newport News, Virginia, facility. The new expansion will include the construction of three new buildings on twenty-eight acres adjacent to the Liebherr’s current manufacturing facility.
Japanese Shippers Trim Fleets
The three big Japanese marine transport firms - Nippon Yusen Kabushiki Kaisha (NYK Lines), Mitsui O.S.K. Lines and Kawasaki Kisen - are decreasing the number of containerships and bulk carriers in their fleets by 10%, reports Nikkei. This is due to weak market conditions and in response to a persistently bleak business environment brought on by a supply glut. The trio operated 1,266 of the ships in all at the close of the fiscal year ended in March, but that number will fall by 122 ships. While Mitsui O.S.K.
Fast Ferry Delivered to Zhuhai High Speed Ferry Company
Afai Southern Shipyard (Panyu Guangzhou) Ltd. and CoCo Yachts B.V. announced that the second of the two new fast ferries, Hai Jing, was delivered to Zhuhai High Speed Ferry Company on April 22, 2016. During the sea trials a top speed of 38 knots at full load was measured. According to the builder, special attention has been given to ensure high level of outfitting in the passenger accommodation, both on main and upper deck. Both exterior color design and interior design has been made by Spear Green from Australia.
Chinese Fast Ferry Delivered
Afai Southern Shipyard (Panyu Guangzhou) Ltd. and CoCo Yachts B.V., announced that the first of the two fast ferries was delivered to Zhuhai High Speed Ferry Company in late February. The vessel named HAI QIN recorded a top speed of 38.11 knots at full load on sea trials. The second vessel named HAI JING was launched and sea trials have recently been completed, the company reports.. The performance of HAI JING is identical to HAI QIN in achieving a speed of 38 knots at full load and slightly lower noise levels ( 74 dB(a) on main deck and 70 dB(a) on the upper deck).
Distressed Freighter Towed to Bilbao
A stricken cargo ship drifting on its side off the French Atlantic coast was being towed to the Spanish port of Bilbao on Monday, local officials said. The 164-metre Modern Express, which was transporting 3,600 tonnes of wood along with construction machinery from Gabon to France, had been drifting towards the coast since its crew was evacuated by helicopter last week. The extreme incline of the ship as well as the difficult sea conditions had so far prevented teams from boarding and it would have hit the French shore on Monday or Tuesday if the salvage effort had failed. However, four specialists boarded the ship on Monday as the weather improved and hooked a cable up to the vessel before being winched up into a helicopter.
Distressed Freighter Could Ground if Salvage Fails
A stricken cargo ship drifting on its side off the French Atlantic coast will run aground in southwest France if a renewed attempt to tow it to port fails on Monday, a French maritime official said. The 164-metre-long Modern Express, which was transporting 3,600 tonnes of wood along with construction machinery from Gabon to France, has been drifting towards the coast since its crew was evacuated by helicopter last week. Officials believe its cargo may have shifted in heavy seas, causing it to list heavily to one side. The distressed ship was about 100 kilometres from the resort town of Arcachon and would hit the French shore some time between Monday evening and Tuesday evening unless a last salvage effort on Monday is successful…
Ports America to Operate Intermodal Transfer Service
Ports America Chesapeake and CSX Intermodal Terminals today announced a new agreement designed to immediately enhance the competitiveness of the Port of Baltimore and position it to capture additional freight business through more efficient service. The new agreement transfers operational responsibility for the intermodal container service at the port from CSX Intermodal Terminals to Ports America Chesapeake, consolidating management of the operation and enhancing service through Ports America’s on-dock handling and operational expertise.
China Fines Shippers $63 mln for Price Fixing
China has fined seven shipping companies, including Japan's Kawasaki Kisen Kaisha, a total of 407 million yuan ($62.85 million) for price-fixing, the country's state economic planner said in a statement on Monday. The National Development and Reform Commission (NDRC) said the companies colluded to raise rates on shipments of cars, trucks, and construction machinery across five shipping routes, including between China and Europe, for at least four years, violating the country's anti-monopoly laws. The other six companies fined were Japan's Mitsui OSK Lines and Eastern Car Liner Ltd., South Korea's Eukor Car Carriers, Norway's Wallenius Wilhelmsen Logistics AS, Chile's Compania Sud Americana de Vapores, and a separate shipping subsidiary within CSAV, the NDRC said.
ZF Acquires Bosch Rexroth Industrial Gears Arm
Following the go-ahead from antitrust authorities, on December 1, 2015 ZF has officially taken over the industrial gears and wind turbine gearbox business from Bosch Rexroth AG. With this, some 1,200 employees altogether at the Witten, Beijing and Lake Zurich (USA) locations will thus join the technology company. The purchase price has not been disclosed. For ZF, the acquisition is an entry into the business with large industrial gears that are used in oil rigs, mine vehicles, tunnel drilling machines, or cableways, for instance.
Bauer Gear Motor Hosts Energy Efficiency Tech Forum
Electric motors are estimated to consume 70 percent of all the energy used in industry. Bearing this in mind, it’s no small wonder that there is an ongoing process of legislation requiring new technologies to adhere to ever higher standards of efficiency. Bauer Gear Motor offers a range of energy efficient solutions that meet current IE2, and future IE3 and IE4, regulations; it recently hosted a technology forum to help its customers understand the latest developments in the industry and discuss the best practices for maximizing energy efficiency in the drive train.
Port of Baltimore Sets Container Record in August
The Helen Delich Bentley Port of Baltimore handled a record 86,149 twenty-foot-equivalent units of total container volume in August as shipping volume continued to swell. August volume of total containers, including empties, rose 12.6 percent year-over-year and surpassed the previous single-month record of 79,644 TEUs in June. Import loads totaled 58,340 TEUs, up 13.2 percent year-over year and just short of the June record of 59,532 TEUs. “The Port of Baltimore continues to demonstrate why it’s so important to the overall economic success of our state,” said Governor Larry Hogan.
Baltimore Port Shipments Hit New Record
Helen Delich Bentley Port of Baltimore's public terminals shipped a record 9.74 million tons of general cargo in the 2015 fiscal year ending June 30, it said Monday. That was up about 1.5 percent from 9.6 million tons in 2014. General cargo includes automobiles, forest products, farm equipment and construction machinery. It also includes containers, a key point of emphasis lately for port officials trying to grow traffic. The new records include: most general cargo tons in a fiscal year at 9,742,050 tons.
Maersk Returns to the Port of Baltimore
Maryland Lt. Governor Boyd Rutherford, along with congressional, state and local officials, officially welcomed Denmark-based Maersk Line, part of the Maersk Group and the world’s largest container shipping company, to the Helen Delich Bentley Port of Baltimore. Maersk, which has a leading 15 percent market share of the global container business, began operating three weekly container services involving the Port of Baltimore earlier this year and will bring an estimated 31,000 new containers per year.
CMA-CGM to Call Port of Baltimore
International container shipping company CMA-CGM of France announced that it will begin service within the next couple of weeks to the Helen Delich Bentley Port of Baltimore. The Port of Baltimore has been added to CMA-CGM’s Liberty Solo service which also includes visits to ports in Rotterdam, Bremerhaven, Le Havre, New York, and Charleston. “This is great news for the Port of Baltimore and for the thousands of men and women who work here,” said Maryland Port Administration (MPA) Executive Director James J. White. “CMA-CGM is one of the largest container shipping companies in the world. The Port of Baltimore averages nearly 40 container moves per hour per crane, one of the fastest and most efficient rates among East Coast ports.
Cargoes Soar at Hamilton Port
Total cargo volumes were 10,526,732 metric tonnes (MT) in 2014, representing a 5% increase over 2013. The port welcomed 157 ships from overseas in 2014, with the balance (462) operating within the Canada/US Great Lakes. Overseas tonnage was 2 million tonnes, a gain of 39 percent year-over-year and the highest volume of overseas cargo in a decade. The Port of Hamilton is the largest port in Ontario. A multimodal hub with full Seaway-depth marine capacity, goods can be imported from, and exported to, anywhere in the world.
Liebherr Expects Turnover Dip
For the 2014 business year, the Liebherr Group is currently anticipating an overall turnover of 8,866 million euros (2013: 8,964 million euros). In the area of construction machines and mining, a decline is expected. For the other areas, the 2014 figures are higher than the previous year’s. The Liebherr Group’s overall turnover is expected to be 8,866 million euros in this business year. Compared with the turnover from 2013, this is a slight drop of about 98 million euros, or 1%.
Liebherr Opens New Office in Peru
With more than 100 attendees Liebherr celebrated the inauguration of the new office in Lima City, Peru. The new office will play a significant role in the South American Market for mining and construction machinery. During the ceremony, guests had the opportunity to get a first-hand look at the new office and meet the Liebherr staff. The new facility represents another milestone for the mining and mobile cranes divisions, and it will strengthen the development of new business opportunities in Peru.
Hatz Presents New Engine Concept Study
Hatz Diesel presented the concept study of the new 4H50TIC as a marine version at SMM. The engine has been manufactured in series production since the beginning of 2014 and is designed primarily for use in construction machinery, as well as for stationary and mobile applications. The engine has been converted for use as a marine propulsion engine, with keel cooling adopted for the required engine cooling and to reduce heat radiation and insulation was installed for the exhaust silencer. Besides this, the 4H50TIC marine includes the same characteristics as the base engine.
Hatz to Present Engine Concept Study at SMM
Hatz Diesel, a manufacturer of industrial diesel engines, presents the concept study of the new 4H50TIC as a marine version at the SMM exhibition in Hamburg. Hatz will also showcase other available GL certified engines. Hatz Diesel, a manufacturer of industrial diesel engines in the power range from 1.5 to 56 kW, presents its products for maritime applications at SMM in Hamburg from September 9-12, 2014. For 20 years, the Hatz Marine Center of Excellence in Hamburg, a branch of the German based engine manufacturer…
China's "Ordinary" Billionaire Behind Nicaragua Canal Plan
Wang Jing, the enigmatic businessman behind Nicaragua's $50 billion Interoceanic Grand Canal, shrugs off scepticism about how a little-known entrepreneur can be driving a huge transcontinental project, insisting he's not an agent of the Beijing government. "I know you don't believe me," said Wang, who reckons that he's forked-out about $100 million in canal preparation work, and is burning as much as $10 million a month on the project. "You believe there are people from the Chinese government in the background providing support. High-ranking Chinese officials including President Xi Jinping, Premier Li Keqiang and former leaders Jiang Zemin and Wen Jiabao have all visited the state-connected wireless communication technologies company Wang took control of four years ago.