Trans-pacific Container Shipping Group Aims for Rise in Rates
Container shipping companies were urged to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) with effect from Aug. 1, their organisation TSA said on Wednesday. Members of the TSA (Transpacific Stabilization Agreement) include 15 of the world's biggest container shipping lines such as Denmark's Maersk Line, a unit of A.P. Moller-Maersk , privately owned Switzerland-based Mediterranean Shipping Company (MSC)âŚ
Oil Traders Hearing Contango Music Again; Not Loud Yet
Traders in the Brent oil market have started to use a word that was almost forgotten in the last four years - "contango" in industry jargon, which could also beâŚ
Faulty Charts Lead to Port Detentions
A recent analysis of Australian port state control (PSC) deficiencies revealed several detentions due to incorrect use of charts. The Australian Maritime SafetyâŚ
Med Tanker Market Pins Freight Rate Hopes on Libya Oil Export Push
Rising oil exports from Libya after months of disruption helped push Mediterranean tanker rates to the highest levels in nearly six months on Wednesday, and shippingâŚ
BMT to Showcase Monitoring Portfolio at SMM
BMT SMART Ltd (BMT), a fleet performance management system and BMT Group Ltd subsidiary, will showcase its performance monitoring portfolio this coming September at SMM in Hamburg, Germany. The SMART suite of solutions works by continually collecting vessel performance data and presenting key information to the crew via the shipâs computer displays. Key Performance Indicators (KPIs) are displayed in a format designed to be easily understood by marinersâŚ
Work Starts on New UK Coastguard Training Center
Work on the new U.K. national Coastguard training center in Hampshire has officially started today, Wednesday, 16 July. His Royal Highness Prince Michael of KentâŚ
Trailer Bridge Vessel Returns to Service
Following required regulatory inspections along with regular scheduled maintenance in Mobile, Alabama, the Trailer Bridge Ro/Ro vessel the Jax - San Juan Bridge (JSB) returned to service on July 5.
Canadian Ferries Welcome Govt. Funding
The Canadian Ferry Operators Association (CFOA) welcomed todayâs announcement of $58 million over two years to support ferries in Eastern Canada. âWe are happy to see the government reaffirming its commitment to Canadaâs ferries. This is a step in the right direction,â said Serge Buy, CEO of CFOA. This funding will help support ferry operations and assets for three interprovincial ferries: Saint JohnâŚ
McDermott to Auction Fabrication Yard Assets
A joint venture of five industrial auction companies will sell the physical assets of the 300-acre McDermott fabrication facility in Amelia, La. McDermott continuesâŚ
LR to Class BC Ferries' LNG-fueled Newbuilds
BC Ferries has awarded Remontowa Shipbuilding S.A. of Gdansk, Poland contracts totaling $165 million to build three new Intermediate Class LNG-fueled passenger ferries, to be classed by Lloydâs Register (LR). The new intermediate class vessels will be the first vessels in BC Ferriesâ fleet to operate as dual-fuel capable, using Liquefied Natural Gas (LNG) or diesel fuel for propulsion and power. Mark WilsonâŚ
WISTA-UK Welcome for New Trasport Secretary
WISTA-UK welcomed the announcement of Devizes MP, Claire Perry as the new Parliamentary Under Secretary of State at the Department for Transport. The organization which represents women working in the shipping industry recognises the importance of new female members of the Cabinet. Maria Dixon, President of WISTA-UK, said, âWe are delighted to see Claire Perry promoted to the Cabinet because it proves once again that women have a serious role to play in the workplace.
AMP Applauds Confirmation of MARAD Administrator
The American Maritime Partnership (AMP), the voice of the domestic maritime industry, has released the following statement on the U.S. Senate confirmation of Paul âChipâ Jaenichen as U.S. âAMP members appreciate Administrator Jaenichenâs understanding that a strong domestic maritime industry is critical for U.S. economic, national, and homeland security and that this essential industry is best supported by maintaining the Jones ActâŚ
Boskalis Consortium Wins Port Expansion Contract
Royal Boskalis Westminster N.V. has in consortium been awarded work associated with the expansion of the Singapore Tuas Mega Port development. Jurong Town CorporationâŚ
FURUNO and Electronic Navigation Join Forces
Electronic Navigation Ltd (ENL), New Zealandâs largest marine electronics company and the developer of the WASSP sonar, and FURUNO Electric Co., Ltd of Japan, a manufacturer in the global marine electronics industry, are joining forces. In a joint announcement ENL and FURUNO have announced that FURUNO will take an initial 10% shareholding in ENL and its wholly owned subsidiary WASSP Ltd. This investmentâŚ
Report: UK Marine Industry has £6.2b Impact
The full economic impact of the U.K. marine industry and spend associated with boating participation was estimated to total £6.2 billion in 2012/13, according toâŚ
Libya Oil Exports Stutter, Major Eastern Ports Await Restart
Libya will not be able to export oil through its two largest eastern ports before August, due to safety checks after a near year-long closure, a senior oil official said on Wednesday.
Norcontrol IT Contributes to 12C Security Project
With the final conference in September and second and final trial campaign taking place at the end of June 2014, the I2C (Integrated System for Interoperable sensors & Information sources for Common abnormal vessel behavior detection & Collaborative identification of threat) integration project has resulted in significant breakthroughs for enhancing sea border protection. I2C was implemented to enable automatic identification and tracking of vessels suspected of involvement in i.e.
PC Maritime ECDIS Enhanced for Revised VDR Standards
PC Maritime have upgraded their ECDIS so that it meets the requirements of the new VDR Performance Standard (MSC.333 (90) which came into force on July 1, 2014. From July 1, 2014 VDR installations must include the ability to capture ECDIS screenshots at least every 15 seconds, record the charts in use at least every 10 minutes and record all changes of chart. This requires ECDIS manufacturers to enable the appropriate outputs from the ECDIS.
Dozens of Trains Haul Volatile Bakken Crude Weekly
As many as 44 trains loaded with volatile Bakken crude oil are being sent through the state of New York each week, according to confidential disclosures made byâŚ
Typhoon Kills 10 in Philippines, Storm Heading for China
A typhoon killed at least 10 people as it churned across the Philippines and shut down the capital, cutting power and prompting the evacuation of more than 400,000 residents, rescue officials said.
