Stena Drilling Streamlines Safety Equipment with VIKING
U.K.-based offshore drilling company Stena Drilling has placed a significant part of its safety equipment and servicing management under a VIKING Offshore Safety Agreement.In early 2018, an extensive review done by VIKING Life-Saving Equipment for its long-time customer revealed the potential for major cost and administration savings in placing much of the company’s safety equipment sourcing and administration under a VIKING Offshore Safety Agreement (OSA), Stena Drilling welcomed the input and signed up.
Some Russian Ships Stop Cargoes to Ukraine After Tanker Detained
Some Russian ships have stopped transporting cargo to Ukraine, deeming it risky after a Russian tanker was detained in a Ukrainian port as Kiev made good on sanctions against Moscow, two sources at shipowners said.It is the latest fallout from Russia's annexation of the Crimea peninsula in 2014 and the emergence of a pro-Moscow insurgency in eastern Ukraine.The Mekhanik Pogodin oil tanker, under the Russian flag, has been moored in the port of Kherson since Aug. 10, Reuters ship…
Yang Ming Orders Ten 2,800 TEU Containerships
Yang Ming Marine Transport Corp. (Yang Ming) signed a contract with CSBC CORPORATION, TAIWAN (CSBC) for the construction of a total of ten 2,800 TEU class full container vessels. The contract was signed by Yang Ming’s Chairman Bronson Hsieh and CSBC’s Chairman Cheng Wen-Lon.The new ships are due for delivery starting in the second quarter of 2020 and will help to meet the future demand for medium and long-term vessel deployments, and improve competitiveness, Yang Ming said.In the meantime…
Higher Panamax Rates Prop Up Baltic Index
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Friday, as a rise in demand for panamax vessels more than offset a drop in capesize rates.* The overall index, which factors in rates for capesize, panamax and supramax vessels, rose three points, or 0.2 percent, to 1,723 points.* The index gained about 2 percent for the week.* The panamax index rose 38 points, or 2.6 percent, to 1,485 points.
Low Water Still Troubles River Shipping in Germany
Water levels on the Rhine and Danube in Germany remain low after a recent drought and freight vessels cannot sail fully loaded on the rivers, traders said on Tuesday.Rhine water levels have risen after rain in recent days but still remain well below levels that would allow normal sailings, they said.“Most vessels are only sailing about 30 percent full,” one trader said. “The situation is worst in southern sections of the river; a lot more rain is still needed.”The Rhine is an important shipping route for commodities including grains, minerals, coal and oil products including heating oil.
Kuryk Port Opens New Ferry Complex
Kuryk port, located in the Mangystau region of Kazakhstan, has opened its new ferry complex.Officials of relevant government agencies and representatives of private companies from Georgia, Turkey, Turkmenistan, Iran, China, Russia, Uzbekistan, Tajikistan, Kyrgyzstan and Azerbaijan attended the event with the participation of the President of Kazakhstan Nursultan Nazarbayev.The Kuryk port is located on the Trans-Caspian International Transport Route and plays an exceptional role in increasing freight traffic in this direction.
Baltic Index Gains on Higher Rates Across Segments
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched up on Tuesday on firmer rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 16 points, or 0.9 percent, at 1,725 points.The capesize index gained 51 points, or 1.4 percent, at 3,587 points.Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, increased $240 to $26,299.The panamax index rose 23 points, or 1.7 percent, at 1,362 points.Average d
Baleària Acquires Visemar One
Spanish ferry company Baleària has decided to buy Visemar One, a 2010-built RoRo/passenger ship which has been part of the company’s fleet for seven years."Baleària has just invested close to 55 million euros (USD 62.4 mln) in the acquisition of the vessel Visemar One , which has been sailing for the company for seven years. With this purchase, the fleet of boats owned by Baleària reaches 26 units out of a total of 30," said a press release from the company.The ferry Visemar One was launched by the company in 2011 on the Barcelona-Palma route, and currently operates between València and Palma.
Keel Laid for Future USNS Puerto Rico
A ceremony celebrating the keel authentication of the Navy’s 11th Spearhead-class Expeditionary Fast Transport ship, the future USNS Puerto Rico (EPF 11), was held last week at Austal USA’s Mobile, Ala. shipyard.A keel laying is the formal recognition of the start of a ship’s construction, as the keel is the symbolic backbone of a ship. The keel was said to be “truly and fairly laid” as it was authenticated by the ship’s sponsor, Supreme Court Justice Sonia Sotomayor, by welding…
Vard Selected to Build Autonomous Ship Yara Birkeland
Norwegian shipbuilder VARD has secured a contract worth approximately NOK 250 million ($29.5 million) to build the world’s first autonomous and electric container vessel, Yara Birkeland. VARD will deliver the groundbreaking ship for launch in early 2020, and the vessel will gradually move from manned operation to remote-controlled voyages and then fully autonomous sailing by 2022.Yara Birkeland is the result of a partnership between Norwegian chemicals company YARA and technology firm KONGSBERG…
Qatar Signs Pact to Expand Maritime Transport Sector
Qatar signed the Indian Ocean Memorandum of Understanding (IOMOU) on Portal State Control during its participation in the 21st Port State Control Committee Meeting held last week in Australia, where a delegation from Qatar’s Ministry of Transport and Communications took part.“Qatar’s membership in the Indian Ocean Memorandum of Understanding will take Qatar’s maritime transport sector from local arena to the international one, leading the region in portal state control field,” said Dr.
Boskalis Rethinks Loss-making Transport Operations
Boskalis will terminate loss-making transport activities at its offshore energy division, the Dutch marine and engineering company said on Thursday after posting lower than expected first-half earnings.A resulting one-off charge of 397 million euros ($451.6 million) pushed Boskalis to a net loss of 361.4 million euros, compared with a profit of 75.1 million euros in the first half of 2017. The consensus forecast in a company-compiled poll of analysts was for a profit of 60 million euros.The company aims to position the business at more lucrative areas of the transport and installation market…
Baltic Index Edges Lower on Weaker Capesize Vessel Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, inched lower on Thursday, as weaker capesize rates offset gains by panamax and supramax vessel segments.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 7 points, or 0.4 percent, at 1,720 points.* The capesize index fell 84 points, or 2.4 percent, to 3,476 points.* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, fell by $477 to $25,592.* The panamax index gained
Hapag-Lloyd Adds 11,100 Reefer Containers
Hapag-Lloyd is investing in its container fleet and has ordered 11,100 state-of-the-art reefer containers. The new containers will be integrated to the company’s existing fleet of 91,000 reefer containers, with delivery gradually starting in August and to be finally completed by December 2018.Already today, Hapag-Lloyd has a significant footprint in the refrigerated container market and the company has continuously invested in new reefer equipment throughout the past years and also renewed a significant share of its fleet.Since 2015 alone and including the most recent order…
Green Shipping: Toward a Clean Future
The International Maritime Organization (IMO) has announced its targets of cutting greenhouse gas emissions from global shipping in half by the year 2050, and to make ships entirely CO2-neutral before 2100. But long before that, the so-called sulphur cap will take effect: From 2020 all oceangoing ships must run on fuel that contains no more than 0.5 per cent of sulphur. According to estimates by classification society DNV GL, up to 70,000 ships will be subject to this requirement.
Maersk to Spin off Drilling, Hand Total Shares to Investors
A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus entirely on transport and logistics.Maersk, which cut its full-year profit outlook this month, sold Maersk Oil to French oil major Total last year in a $7.5 billion deal as part of a restructuring under Soren Skou, who became chief executive in 2016.Skou used to head Maersk's container business and is a…
Kongsberg to Power Grimaldi’s Nine New RoRos
Kongsberg Maritime said it has been awarded contracts with Chinese shipbuilder Nanjing Jinling Shipyard Co. to deliver power and hybrid systems to nine Roll on – Roll off (Ro-Ro) vessels ordered by Grimaldi Group, Italy. The contracts are valued at more than NOK 400 million ($47 million) and include an option for three additional vessels increasing the total value to more than NOK 500 Million ($59 million).Due for delivery from 2020, the new vessels will be 238 meters long, with a beam of 34 meters and gross tonnage of 64,000 tons.
Port of Oakland to Begin Seaport Logistics Complex
A freight distribution center placing high-demand logistics capability inside a global trade gateway will soon take shape here. The Port of Oakland said today that work should begin this fall on a long-awaited Seaport Logistics Complex.The complex is envisioned as a cargo-handling campus that could change the trajectory of Port business. Currently a West Coast terminus for Transpacific trade vessels, Oakland could eventually double as a major freight distribution point.“This is our future,” said Port of Oakland Maritime Director John Driscoll.
ReCAAP ISC, Philippine Coast Guard Meet on Maritime Safety
ReCAAP Information Sharing Centre (ISC) and Philippine Coast Guard this week co-organised a meeting between government agencies and the shipping industry to enhance maritime safety and security in the Sulu-Celebes seas and waters off eastern Sabah.The meeting brought together key littoral stakeholders including relevant government agencies in the Philippines, the Philippine shipping industry, the Indonesia Coast Guard (BAKAMLA), as well as members of the diplomatic community in Manila to review the current situation in the Sulu-Celebes Seas…
Port Klang Authority Hikes Container Tariffs
Port Klang Authority (PKA) announced that the 2nd phase of the increase in Port Klang’s container tariff which was due to be implemented on 1st September 2018, will be deferred to 1st March 2019.The tariff review was approved in 2015 whereby an increase of 30% was to be carried out in two phases. The increase was gazetted via PKA Scales of Rates, Dues and Charges Bylaws 2015 and was notified to all port users and industry players through Port Klang Authority General Manager’s…
Japan, Russia Join for Trans-Siberian Rail Transportation
Japan and Russia plan to officially develop a freight transport route between the two countries via the Trans-Siberian Railway, the Yomiuri newspaper reported.The report said that the two governments aim to foster mutual economic cooperation by energizing the “third distribution channel,” after sea and air routes.Now cargo between Japan and Russia are delivered mainly either by air or by sea. According to the Japanese Ministry of transport, terms of delivery of goods by sea ranged from 53 to 62 days.
Panamax Props Up Baltic Index
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, nudged up on Monday as panamax rates rose for fifth straight session, offsetting weakness in capesizes.The overall index, which factors in rates for capesize, panamax and supramax vessels, rose four points, or 0.2 percent, to 1,727 points.The panamax index rose 21 points, or 1.4 percent, to 1,506 points.Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, increased by $166 to $12,064.The capesize index fell by 30 points, or 0.9 p
Partners to Leverage AI to Optimize Maritime Logistics
Transmetrics’ digital solution optimizes marine logistics using AI technologies and Marlink’s global multi-band networkMarlink has signed an agreement with Transmetrics to establish a strategic business partnership aimed at predictive logistics optimization for maritime customers. The agreement will enable Transmetrics, a Forbes-awarded start-up, to leverage Marlink’s broadband satellite communications network, digital solutions and contacts to further develop maritime logistics innovations.