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Congress, GAO Set Their Focus on Cargo Preference Fixes
On September 14, 2022, the House Transportation & Infrastructure Committee (T&I Committee), Subcommittee on Coast Guard and Maritime Transportation, held a hearing which indicated a potential revitalization, and new enforcement regime, of U.S.-flag requirements under the Cargo Preference Act of 1954 (the CPA). The hearing occurred on the heels of a Government Accountability Office’s (GAO) report regarding the Maritime Administration’s (MARAD) lack of COA enforcement…
Shipping through the Pandemic: Perfect Storm or Wake up Call?
The global pandemic news has been horrific and certainly an historic moment in domestic and worldwide shipping. For many businesses, the action was simple; hang the “closed” sign, furlough or layoff staff and wait for the approval to re-open. Or not, depending how long the virus will linger and continue to cause hundreds or thousands of deaths and rising numbers of cases. Make no mistake, there will be many businesses associated with our industry that will not return.
Aumann Named CEO of Oman Drydock
Stephan Aumann has been appointed by ASYAD (formerly Oman Global Logistic Group) board of directors as the new CEO of the Oman Drydock Company S.A.O.C. in Duqm/Oman. Aumann assumed the role June 15 and replaced the former CEO Jin Han Lee (DSME), who advised at the end of 2016 that he would be stepping down. With a bachelor's degree in naval architecture and a master degree in industrial engineering from the University of Applied Sciences in Kiel/Germany…
ECSA Presidency Handed Over to Panagiotis Laskaridis
European Community Shipowners’ Associations (ECSA) has held its Board of Directors’ meeting and Niels Smedegaard of Danish Shipping and CEO of DFDS handed over ECSA…
China Oil Spill Compensation Claims Face Iran Payment Snags
The reluctance of foreign banks to deal with Iran could complicate any compensation payments resulting from the collision last week of an Iranian oil tanker and a Chinese cargo ship, sources say. The tanker Sanchi, carrying 136,000 tonnes of highly flammable condensate oil, collided with the Chinese dry cargo vessel CF Crystal on Saturday in the East China Sea, causing an oil spill and a blaze that is still raging four days later.
SEA\LNG Rolls Out LNG Bunkering Navigator Tool
A new free-to-access online tool aims to improve understanding of the current, and rapidly evolving, bunkering infrastructure landscape for liquefied natural gas (LNG). Launched by industry coalition SEA\LNG from the sixth LNG Bunkering Summit currently taking place in Amsterdam, the new Bunker Navigator Tool utilizes member, marine information services and publicly available data to provide access to the latest developments in the global LNG bunkering infrastructure.
Hapag-Lloyd Opens Ghana Office
German-based Hapag-Lloyd opened a new office in the Ghana port city Tema, on February 1, 2018. Effective immediately, the company will be represented at the local…
Texas Flood: U.S. Oil Pours into Global Markets
United States taking share from OPEC nations in Asia, Europe, as China’s biggest U.S. crude buyer to double imports. In the two years since Washington lifted a 40-year ban on oil exports…
IBIA investigates: Brexit and Sulphur Regulations – what now?
The prospect of the United Kingdom leaving the European Union – nicknamed ‘Brexit’ – has raised a number of questions regarding the status, now and in the future, of sulphur regulations in the UK.
Bridges Refit on Two Holland America Line Ships
Two major bridge refit contracts have been completed by Radio Holland USA on Holland America Line’s cruise ships Oosterdam and Prinsendam. The bridge refit on board the M/S Oosterdam was concluded in Palermo, Sicily in early May. Then just days later Radio Holland continued with a bridge upgrade project for the M/S Prinsendam, which took place in Freeport, Grand Bahama. The latest refits follow refit work on M/S Noordam and Westerdam in 2014 and 2015.
GAC Russia Expands Eastwards
GAC Russia said it is expanding eastwards with the opening of new branches at Nakhodka and Yuzhno-Sakhalinsk to meet demand for shipping services as opportunities open up in Far East.
Maersk Training Bullsh on India
Maersk Training, part of the Denmark based A.P. Moller-Maersk, is betting on the Indian training centre, reports the Hindu. India is one of the 10 Centre’s that is making profits.
Maersk Cautions on U.S. Protectionism
Danish conglomerate A. P. Moeller-Maersk A/S, the world’s largest container shipping company, has voiced its concern as a potential shift in U.S. policy threatens to reduce global trade…
New Container Equipment Prices to Fall to Record Lows
Cheaper production and material costs as well as weaker demand has driven the price of new container equipment down to record lows and is forecast to fall further during 2016…
Gasum, Wärtsilä Join Forces to develop Gas Value Chain
New joint co-operation between Gasum and Wärtsilä aims to develop the utilization and distribution of natural energy gases in marine and land markets. Gasum, the…
Hanjin - Possible Risks for Cargo Insurers
As a consequence of Hanjin Shipping's financial collapse one can anticipate that there will be displaced containers worldwide with Hanjin vessels being arrested short of or at destination…
Norwegian Cruise Line Warns of 'Insignificant' Q2 Revenue
Norwegian Cruise Line Holdings Ltd said on Thursday it expected little revenue in the second quarter, as the COVID-19 pandemic brought global tourism to a standstill and forced the company to suspend all voyages for months.Shares of the cruise operator, which also forecast a full-year loss, fell about 8% in premarket trading.Crushed by a wave of cancellations and steep fall in bookings, the company said it plans to raise about $925 million in two new bond offerings to ride out the rest of the ye
Inpex Officially Opens Ichthys LNG Site
A landmark celebration has officially opened the onshore LNG processing facilities of INPEX-operated Ichthys LNG – one of the largest and most complex resource developments in the world.Japanese…
Navios Sells Handymax
Navios Maritime Holdings, a global, vertically integrated seaborne shipping and logistics company, said that it has sold its 2002-built Ultra Handymax vessel Navios Meridian.The 50…
Shipbuilding: Chris Allard, CEO, Metal Shark
Metal Shark has arguably been one of the more active and successful boat builders in the U.S. over the last 12 to 24 months, boasting a strong order book and expanding facilities and portfolio. In particular, the company has been able to capitalize on the burgeoning ferry market, today accounting for about a quarter of its business, as Chris Allard, CEO, explains.When you look at the ferry business today in relation to Metal Shark’s business…
