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London P&I Issues Warning on Bagged Rice Cargoes
The London P&I Club has advised shipowners to seek advice before loading bagged rice cargoes in view of the inherent risks associated with the trade and an increase in the severity of claims in recent years. In the latest issue of its StopLoss Bulletin, the club notes that poor freight markets have seen an increase in the number of owners employing their ships in the bagged rice trades. It says theā¦
New Hapag-Lloyd Feeder Service for Baltic Region
Hapag-Lloyd will launch its new Finland Express Service (FIX) on April 2 to improve links between the Baltic region. The feeder service will connect Russia, Finlandā¦
Dubai Maritime Green Initiative Propagates Environmental Efforts
Drydocks World and Maritime World announced the launch of Dubai Maritime Green Initiative, a movement to encourage all-round environmental excellence in maritime and allied sectors including oil, gas and energy. The initiative was inaugurated in the presence of decision-makers from government and industry and was underlined by MoU for green technology transfer with leading classification society DNV and Rolls-Royce a renowned marine systems provider.
Russian Maritime Security Firm Protests Nigeria Detainment
In September 2012 Moscow-based crew members of the arms-carrying 'MV Myre Seadiver' were arrested in Lagos & detained without trial. In September 2012 Moscow-basedā¦
KOTUG Celebrates Silver Jubilee, Extends Globally
Over the past 25 years KOTUG has been transformed from a European to a global player in the maritime industry. As a fast growing towage company KOTUG is expanding its innovative services to ports and terminals in Europe, West-Africa and Australia. With a young and powerful fleet of 40 tugs, KOTUG operates in a variety of markets, including towage services in ports and at sea as well to the salvage, offshore and dredging industry.
WSS Open Their Own Facility in Dakar, W. Africa
Ship service providers WSS open their own premises in the port after 15 years of operation through sub-agents & service providers. Located at the most westerly point in West Africa, Dakar is transited by all north and south- bound traffic. The port is well-placed to handle a multitude of different vessel requirements - from dry-docking, dry and wet cargoes, containers and RoRos ā to project cargoes including military and shipsā husbandry.
VLCC Owners Struggle Despite Recovery in Demand
The market continues to struggle, and Drewry's latest Tanker Insight report saw the Drewry Tanker Earnings Index suffer a further decline in February. Weak demandā¦
Sea Marshals Urges Ship Operators to Stay Vigilant
The threat to maritime trade from Somali pirates continues, and ship operators should stay vigilant and adhere to best management practices, according to private maritime security company Sea Marshals Ltd, which counsels against complacency at this time. Latest security industry intelligence points to a likely upsurge in pirate attacks, particularly given recent releases of hijacked vessels and a reduction in attack success rates. Thomas Jakobsson, Chief of Operations for U.K.
Dubai Maritime City Land Development
DAMAC Properties continues its investment programme with plans to develop prime real estate in Dubai Maritime City. DAMACās plot of land on the sea-front at Dubai Maritime City will be home to a high-rise luxury tower of serviced hotel residences and further expands the companyās project portfolio in the Emirate. Dubai Maritime City is strategically located north of the main city centre and creek area business district, between Port Rashid and Dubai Dry Docks.
Lukoil Marine Lubricants increases turnover to $200 million
Specializing in lubricants for the maritime industry, Lukoil Marine Lubricants Ltd. increased its sales revenue in the past financial year 2012 by 74% to around $200 million. This result was announced by Lukoil Marine Lubricantsā CEO Victor Zhuravskiy in Hamburg. Founded in 2008, Lukoil Marine Lubricants is a subsidiary of the Russian oil company Lukoil. The companyās recent performance marks a continuation of its headlong growth.
Tankship Major Crystal-gazes Interestingly
Euronav, report a trading loss of almost US$ 119-million after tax in year-ending 2012 report, expect oil transportation market to re-balance in 2013. On the supply side, given the current state of the tanker market and the difficulty most owners face securing financing it is most probably safe to assume very few newbuilding contracts will be placed in 2013. The market also expects fleets to consolidate due to market pressure.
LNG Shipping's Dream Run Over?
Drewry's latest 'LNG Insight' saw heating demand subside in major importing regions in February & cargo availablilty also tightened. Regarding cargo availability, a few unplanned shutdowns, caused a 4% decline in the LNG Freight Index. LNG shipping enjoyed a dream run during 2011 and 2012, owing largely to increasing tonne-mile demand and an almost stagnant fleet. Freight market prospects would be even brighter if fleet supply were to remain at current levelsā¦
IMO Pledge to Support African Piracy Code
The organisation will help implement the West and Central Africa piracy code adopted at a recent ministerial meeting. IMO has pledged its support to assist in the implementation of a new Code of Conduct concerning the prevention and repression of piracy, armed robbery against ships and illicit maritime activity in west and central Africa, which has been adopted at a Ministerial meeting in Cotonou, Benin.
LOC Strengthens Customer Support
New offices opened in Newcastle (UK) and Leeuwarden (Netherlands). LOC (London Offshore Consultants) opened two new offices to strengthen its service delivery in the North Sea region.
CMA CGM 2012 Resullts
The Board of Directors of Franceās CMA CGM met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the year ended 31 December 2012.
Cathodic Protection
Vessels that operate across the globe in waters of varying levels of salinity and temperature are susceptible to corrosion damage. For example, localized pitting can occur on steel or aluminium hull plates and result in the complete penetration of the hull below the waterline. This can render a vessel unseaworthy, meaning it could require drydocking for unscheduled and costly maintenance. Cathodic protection (CP) is a provenā¦
Expro Awarded Subsea Services Contract in China
International oilfield service company, Expro, has been awarded a $4.5 (£2.9) million one year contract for the supply of 7 3/8ā completion landing string services in China. Work will commence this month, and as part of the contract, Expro will supply a 7 3/8ā 10k direct hydraulic (DH) completion landing string system and a set of topside and DH controls. This will be the latest DH operation in China following previous successful campaigns on other horizontal tree developments.
Report Highlights Rise of Maritime Crime in Southeast Asia
U.K. maritime intelligence provider Dryad Maritime are to release a specialist report, āSpecial Advisory Southeast Asia: Disorganized theft to organized crime,ā which will focus on the rise of targeted hijackings in Southeast Asia. The advisory to be released on March 18, 2013 provides an overview of the security situation and the increased threat from maritime crime in the region. Risk analysis ofā¦
Scana to Supply FPSO Mooring Winches
Scana Industrier ASA subsidiary, Scana Offshore Vestby, has signed a winch supply contract with UK-based Dana Petroleum. The contract is for delivery of mooringā¦
Hydrex Divers Repair Hulls in Europe & W. Africa
Hydrex teams of diver/technicians recently mobilized to vessels berthed in Zeebrugge (Belgium), Amsterdam (the Netherlands) and Douala (Cameroon). The teams performed insert repairs on a roro vessel and two tankers, carried out according to the Hydrex class-approved procedure for the welding of inserts in a vesselās shell plating while afloat by using an external cofferdam. A 560 mm crack in the bottomā¦
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
