Policy Planning Lessons for Maritime Students
Students from the International Maritime Law Institute (IMLI) in Malta are being introduced to key policy planning issues as part of International Maritime Organization (IMO)'s on-going work to support the future leaders of the maritime world (15-16 February). The event focused on the National Maritime Transport Policy (NMTP) formulation, which is being promoted by IMO as a good governance practice to guide planning, decision making and legislation in the maritime sector, and a key driver for a country's sustainable development.
MOL Allies with NCC
Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a capital and business alliance agreement with chemical tank specialist logistics provider Nippon Concept Corporation (NCC). "MOL and NCC concluded the agreement with the objective of developing a comprehensive two-way strategic partnership including both partners' group companies, and steadily enhancing their businesses," said a statement from the company. The agreement gives NCC the opportunity to globally increase…
Ammar Kanaan Appointed CEO of Terminal Investment by MSC
The shipowning group Mediterranean Shipping Company (MSC) has appointed Ammar Kanaan as Chief Executive Officer of its cargo container terminals arm Terminal Investment Limited (TiL). TIL directly manages or crosses 53 container terminals in ports of five continents. As the founder and Chairman of International Port Management, Ammar Kanaan brings a wealth of expertise and 30 years’ experience in the transport and port sectors. He has built companies focused on port management…
Future Proof Ferries for the GVB
Public transport networks around the world are becoming more and more sustainable. This is due to stricter emissions regulations as well as increasing public demand for cleaner and greener modes of transport. This growing attention to sustainability is also being seen in the ferry sector, which plays a vital public transport role in many countries. In the Netherlands, the issue of sustainable ferry transport is of particular relevance because: The Dutch inland ferry sector comprises more than 300 ferry services.
Crowley, Pivotal Reach Multi-Year LNG Supply Pact
Crowley Fuels has announced that it has signed another multi-year supply contract with Pivotal LNG to support a major pharmaceutical company’s energy needs in Puerto Rico. The contract, executed through Crowley subsidiary Carib Energy (USA) LLC, calls for Crowley to transport LNG from Pivotal facilities on the mainland to the island manufacturer. With Crowley’s supply chain solution, LNG is loaded into Crowley’s 10,000-gallon international shipping organization (ISO) containers at one of Pivotal’s LNG supply sources in the southeastern U.S.
IMO Signs Partnership Deal with European Bank
The International Maritime Organization (IMO) announced that it has signed a new partnership agreement with the European Bank for Reconstruction and Development (EBRD) in an effort to help promote sustainable shipping. The Memorandum of Understanding (MoU), signed by IMO Secretary-General Kitack Lim and the First Vice President of the EBRD, Phil Bennett, will help promote sustainable shipping through a range of safety- and environment-focused capacity-building activities in the maritime and port sectors in selected countries.
Balaken Restarts Operation after Overhaul
The overhaul of the ferry vessel “Balaken”, belonging to the Transport Feet of Azerbaijan Caspian Shipping Company, is completed. The ship successfully passed the sea trials. Major repairs of steering and auxiliary equipment, engine mechanisms, various pumps, main and auxiliary engines of the vessel were completed. Some parts are replaced with new ones. The cleaning and painting of the underwater and surface of the ferry was done. All necessary works on adjustment, repair and checking of automation systems, navigation equipment and electrical parts of the vessel were also finished.
Sonatrach Eyes More Vessels to Boost Asia Gas Sales
Algeria will acquire more vessels to transport gas to Asia as it eyes increased sales in that region, the chief executive of state energy firm Sonatrach said on Monday. "With Russia and the U.S., gas competition is tough," Abdelmoumen Ould Kaddour told reporters during a visit to the Hassi Messaoud oilfield. He gave no details. Kaddour also said Sonatrach's oil drilling in Algeria's southern neighbour Niger, where a Sonatrach unit was awarded a production-sharing deal in 2015, had been "satisfying" so far.
Fisherman Medevaced off New York Coast
A U.S. Coast Guard Air Station Cape Cod MH-60 Jayhawk helicopter crew medevaced a 51-year-old man, early Thursday morning from a fishing vessel approximately 45-miles south of Montauk. Watchstanders at Sector Long Island Sound command center received notification at approximately 2 a.m., on VHF-FM channel 16 from the master of the vessel who was suffering severe stomach pains. The watchstanders notified the Coast Guard flight surgeon who recommended a medevac for the man to receive medical care within four hours. The crew safely transported him to T.F. Green Airport in Rhode Island, where emergency medical service personnel transferred him to Rhode Island Hospital in Providence. The man is reported to be in stable condition.
California to Ban Crude from Trump Offshore Drilling Plan
California will block the transport of petroleum from new offshore oil rigs through its state, officials told Reuters, a move meant to hobble the Trump administration’s effort to vastly expand drilling in U.S. federal waters. California's threat to deny pipeline permits for transporting oil from new leases off the Pacific Coast is the latest step by states trying to halt the biggest proposed expansion in decades of federal oil and gas leasing. Officials in Florida, North and South Carolina…
NileDutch Implements Transmetrics Predictive Optimisation Software
In order to streamline our empty container flows and increase efficiency, NileDutch has started working with Transmetrics of Bulgaria, a tech startup that provides predictive logistics solutions. Transmetrics already has extensive experience in demand forecasting and predictive optimisation for the cargo transport industry, and as a result of this collaboration with NileDutch, it will also launch its new product, AssetMetrics. “With machine learning and intelligent algorithms we want to revolutionise how empty container handling and relocation is organised.
Maersk Profit Miss, Outlook Puts Shipping in Spotlight
Maersk management hints at hitting top of 2018 EBITDA range. A.P. Moller-Maersk's move to focus on transport and jettison oil was tested on Friday as the world's largest container shipping firm missed profit forecasts and gave what analysts saw as a conservative outlook. Shipping, which has been hit by years of overcapacity and slow economic growth, saw early signs of a turnaround in early 2017, but freight rates fell in the second half. "I'm still very optimistic on the fundamentals of the global container shipping industry…
New Project Aims to Drive Investment in Fuel Efficient Technologies
The U.K.’s Energy Technologies Institute (ETI) has commissioned a £1.8 million ($2.5 million) project that aims to assist financiers to understand and quantify the benefits in investing in fuel efficient technologies for existing and future vessels. The Vessel Technology Assessment System (VTAS) project, which will develop a practical approach to predict the benefit of a range of carbon abatement/fuel efficiency technologies on marine vessels over real-world usage cycles, will be led by BMT and delivered in partnership with Black & Veatch.
EFIP Looks for a New Director
The European Federation of Inland Ports (EFIP) has announced the beginning of submission of applications for a new director post. The organization said the new EFIP Director will work at the European Sea Ports Organisation (ESPO)-EFIP Secretariat, which is based in Brussels. EFIP brings together nearly 200 inland ports and port authorities in 17 countries of the European Union and Switzerland. Additionally, EFIP also has observer members in Hungary, Serbia, Slovakia and Ukraine. EFIP highlights and promotes the role of European inland ports to the European institutions.
HII Wins $1.43B Shipbuilding Contract
Huntington Ingalls Industries (NYSE:HII) said that its Ingalls Shipbuilding division was awarded a $1.43 billion, fixed-price incentive contract for the detail design and construction of LPD 29, the 13th San Antonio-class amphibious transport dock. Ingalls has built and delivered 11 San Antonio-class ships. The 11th, Portland (LPD 27), will be commissioned on April 21 in Portland, Oregon. The 12th, Fort Lauderdale, is under construction and is expected to launch in the first quarter of 2020. Preliminary work has begun on LPD 29, and the start of fabrication will take place later this year.
Baltic Index Falls to Six-month Low
The Baltic Exchange's main sea freight index slipped to its lowest level in nearly six months on Monday, weighed down by falling rates in all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 13 points, or 1.19 percent, to close at 1,082 points. That was the lowest level since Aug. 9 last year. The capesize index fell 37 points, or 2.52 percent, to finish at 1,433 points - its lowest in more than six months.
Kirby Closes Acquisition of Higman Marine
Kirby Corporation has announced the completion of the acquisition of Higman Marine, Inc. and its affiliated companies (“Higman”), an operator of tank barges and towboats participating in the inland tank barge transportation industry in the United States. The total value of the transaction was approximately $419 million in cash before post-closing adjustments and transaction fees. issuance of senior notes, which closed on February 12, 2018. The new senior notes provided for $500 million in fixed rate debt at 4.2% with a 10-year maturity on March 1, 2028.
Baltic Index Falls on Lower Capesize Demand
The Baltic Exchange's main sea freight index dipped on Friday, moving near a six-month low hit earlier this month, as capesize vessel activity experienced a slowdown due to the Lunar New Year holiday in Asia. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down five points, or 0.46 percent, at 1,084 points. On Feb. 5, the index touched its lowest since August at 1,082 points. "Rather limited activity across the segments to close the week with Chinese Lunar New Year today," said analysts at shipbroker Clarksons Platou Securities.
Autonomous Ship Research Center Opened in Finland
Rolls-Royce’s new research facility in Turku, Finland provides a space for the company and its partners to develop technologies that will help shape the future of an increasingly more autonomous global shipping industry. Officially opened on January 25, the new R&D center, which Rolls-Royce calls the Research & Development Center for Autonomous Ships, will focus on projects relating to autonomous navigation, the development of land-based control centers and the use of artificial intelligence in future remote and autonomous shipping operations.
Peak Shipping Season Is Approaching For United Yacht Transport
Spring is the busiest season for United Yacht Transport, the North American leader in boat transport. The international boat transporters are set to complete various shipments in the upcoming months. In the beginning of the year, the company did an incredible job making a shipment in the Mediterranean region. As a result, they will now be setting sail on more voyages across the globe. Some of the locations United Yacht Transport will be traveling to in the next few months include Italy, Mexico, Canada, Turkey, Spain, and St. Thomas.
Vietnam to Tap Waterways Transport Potential
The total length of waterways that can be exploited is 17,000 kilometers, of which 9,000 kilometers are capable of receiving vessels with tonnage of over 100 tons, VietNamNet Bridge reported. Vietnam still cannot take advantage of its 3,200 kilometers of coastline, 6,500 kilometers of rivers, 126 river ports, 2,300 passenger ports and 4,800 berths. The Ministry of Transport estimates that Vietnam needs $600 million to upgrade the waterway transport network by 2020. UNESCO lists Vietnam among the 10 countries with the densest waterway transport network.
Crowley To Acquire Marine Transport Corporation
Crowley Maritime Corporation and Marine Transport Corporation jointly announced that Crowley has agreed to acquire all of the outstanding shares of Marine Transport Corporation for $7.00 per share. Under the agreement entered into by the parties, a wholly-owned subsidiary of Crowley will commence a tender offer within the next 10 business days. The transaction is conditioned upon a minimum number of Marine Transport's shares being tendered, regulatory approvals, and other standard closing conditions. The tender offer is not conditioned upon financing. Thomas B. Crowley, Jr., Chairman of the Board and Chief Executive Officer of Crowley, said "Our investment in Marine Transport is a unique opportunity for Crowley to add a complementary business line to our present maritime activities.
New ITF Secretary-General Takes Office
Internationally renowned academic José Viegas of Portugal is new chief executive of global transport policy body. José Viegas, a Portuguese national, has taken office as Secretary-General of the International Transport Forum. The International Transport Forum at the OECD is an intergovernmental organisation with 54 member countries that acts as a strategic think tank for global transport policy and organises an annual summit of transport ministers. The Forum is housed by the Organisation for Economic Co-Operation and Development (OECD) in Paris.