Maritime Industry Top News
Lenders Ramp up Pressure on 'Toxic' Shipping Debt
Financiers are set to take a tougher stance towards distressed shipping loans including more enforcement action to recoup funds, while capital on offer to the industry is expected to shrink further…
China Launches New Class of Naval Destroyer
China's military on Wednesday launched a new type of domestically-built destroyer, state media said, the latest addition to the country's rapidly expanding navy.
Maersk Unable to Process Orders after Cyber Attack
Shipping giant A.P. Moller-Maersk, which handles one in seven containers shipped worldwide, is not able to process new orders after being hit by a global cyber attack, it told Reuters on Wednesday.
MSC, Maersk Work on Data Sharing after Cyber Attack
Swiss container line MSC (Mediterranean Shipping Company) is working with vessel-sharing partner Maersk to find ways to share data after a cyber attack on the Danish company, MSC said on Wednesday.
India's Largest Box Port Hit by Cyber Attack
Operations at one of three terminals at India's largest container port JNPT, near the commercial hub of Mumbai, have been disrupted by the global ransomware attack, the port said on Wednesday.
India to Boost Cruise Tourism
Indian Minister of Shipping Nitin Gadkari has said that Cruise Tourism is one of the fastest growing components of the leisure industry worldwide, and can be a…
Denmark to Host European Maritime Day in 2024
In 2024, Denmark will be hosting European Maritime Day with more than 1,000 participants. With its maritime surroundings, the city of Svendborg will be the setting of the conference…
Maersk Bullish on India
Domestic reforms have slowed down India’s trade momentarily, thereby weakening domestic demand. However, A.P. Moller – Maersk expects Indian EXIM trade to pick up pace in the next quarter.
Wan Hai Boosts China - Southeast Asia Service Network
Wan Hai Lines has announced its plan to expand the service network on China-Vietnam/Thailand corridors in July, by restructuring China-Vietnam-Thailand (CVT service)…
IMO: Focus on GHG Emissions
Nearly 300 delegates from International Maritime Organization (IMO) Member States, international NGOs and intergovernmental organizations have gathered at IMO Headquarters…
Wood Group Bags Alexandroupolis FEED
Wood Group has secured a new front end engineering design (FEED) contract with Gastrade S.A. for the Alexandroupolis Independent Natural Gas System (INGS) offshore Greece.
Current and Former WWL Execs Accused of Price Fixing
Two former and one current executive of the shipping company Wallenius Wilhelmsen Logistics AS (WWL) have been indicted on charges of fixing the prices of some international ocean shipping, the U.S. Justice Department said on Tuesday. Former executives Arild Iversen and Anders Boman were indicted in November 2016 along with current executive Kai Kraass, the department said. The indictment was unsealed on Tuesday.
Telenor Expands Communication Services for DFDS
Global maritime mobile operator Telenor Maritime said it will expand communications services for longstanding partner DFDS, deploying its connectivity platform with Premium Wi-Fi, Ka VSAT and mobile broadband backhaul for the Northern European shipping company. “We are moving fast forward into the Networked Society, and we are expecting the same experience whether we are at home or at sea when using our mobile devices,” said Frode Støldal, CEO of Telenor Maritime.
Cooper Group Selects ABS for Sub M Services
ABS said it has been awarded a Third Party Organization (TPO) contract by the Cooper Group of Companies to support compliance with U.S. Coast Guard (USCG) Subchapter M requirements. “ABS anticipated the needs that would surface when the Subchapter M regulations were published and allocated resources to develop a range of solutions,” said ABS Americas Division President, Jamie Smith. The newly signed contract establishes ABS as the exclusive Subchapter M TPO for Cooper Group and its subsidiaries…
Thustmaster Expands Its Waterjets Team
Marine propulsion and thrusters manufacturer Thrustmaster of Texas announced that Leonard Hill and Jason Hill have joined its waterjet team, bringing with them more…
Norwegian Joy Christened in Shanghai
Norwegian Cruise Line’s first custom-designed ship for the Chinese cruise market, Norwegian Joy, was christened in a ceremony held onboard the vessel in Shanghai that featured a performance by the ship’s Godfather, singer songwriter, music producer, actor and film director, Wang Leehom. At 167,725–gross-tons and accommodating 3,883 guests, Norwegian Joy’s design, finishes and amenities are tailored specifically to the tastes of Chinese guests. The vessel was built by German shipyard Meyer Werft.
Coast Guard Recognizes PVA's Flagship Safety Management System
On June 12, 2017, the Coast Guard's national Director of Inspections and Compliance formally recognized PVA's Flagship Safety Management System (SMS) as an acceptable…
Earth, Wind & … Fire Protection
Three years ago coatings giant Jotun was buying up real estate for U.S. market access and location savings. The effort to get closer to its shipping and offshore customer base is still underway with research aimed at protecting client assets in frontier areas like the arctic. An R&D expansion at Flixborough in the U.K. and in the Arctic archipelago of Spitsbergen aims to make active the fire response of passive surface treatments.
Cyber Attack Hits 17 APM Container Terminals
Seventeen shipping container terminals run by APM Terminals have been hacked, including two in Rotterdam and 15 in other parts of the world, Dutch broadcaster RTV Rijnmond reported on Wednesday. APM Terminals is a subsidiary of shipping giant Maersk , which has confirmed it is suffering from a cyber attack. APM's website was difficult to reach and phones at its headquarters in The Hague and offices in Rotterdam went unanswered.
Melting Sea Ice: A Canary in the Coal Mine
The rapid loss of Arctic sea ice is a sentinel. Most of us will never venture into the Arctic, but it can and does provide us with a forewarning of impacts coming to our parts of the Earth – and some of the most significant impacts will directly affect the maritime industry. In earlier times, coal miners were sometimes overcome by the buildup of odorless carbon monoxide gas. Some died as a consequence. Eventually it was realized that canaries were more susceptible to the gas than were humans.
