China Seeks to Build Shipping Railways in Brazil
Brazil hopes that during a visit by Chinese President Xi Jinping it can boost ties with its biggest trade partner beyond the exchange of commodities for manufactured goodsā¦
ACL Recognizes Safe Liquid Cargo Handlers
American Commercial Lines presented Marine Environmental Stewardship Awards on Wednesday, July 16 in Houston, Texas, recognizing 35 customers for safe handling of chemicals, petroleum products and other liquid cargos. The customers recognized by ACL safely handled over two billion gallons of chemicals, petroleum products and other liquid cargoes with the barge transportation company in 2013. Recipients of the award are: Axiall Corporationā¦
Argentine Grains Workers Threaten to Extend Strike
Grains inspectors who began a strike on Wednesday in Argentina's pivotal Rosario export hub will extend it for a second day if there is no progress on their demand for higher salariesā¦
Today in U.S. Naval History: July 16
Today in U.S. Naval History - July 16 1862 - Congress creates rank of Rear Admiral. David G. Farragut is named the first Rear Admiral 1912 - Rear Admiral Bradley Fiske receives patent for torpedo plane or airborne torpedo. 1915 - First Navy ships, battleships Ohio, Missouri, and Wisconsin transit Panama Canal. 1945 - First atomic bomb test at Alamogordo, N.M. For more information about naval history, visit the Naval History and Heritage Command website at history.navy.mil.
Ivory Coast Bond Orders More than Six times Issue Size
Ivory Coast received orders for a $750 million dollar bond of more than six times the issue size, one of the lead managers said on Wednesday. Ivory Coast launchedā¦
Suezmax Vessel Delivered to NAT
Nordic American Tankers Limited (NAT) took delivery of its 21st Suezmax vessel, the Nordic Sprinter, built in 2005 at a shipyard in Korea. NAT agreed to purchaseā¦
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)ā¦
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 beā¦
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 Safetyā¦
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 shippingā¦
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 shipās computer displays. Key Performance Indicators (KPIs) are displayed in a format designed to be easily understood by marinersā¦
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 Kentā¦
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 todayās announcement of $58 million over two years to support ferries in Eastern Canada. āWe are happy to see the government reaffirming its commitment to Canadaās ferries. This is a step in the right direction,ā said Serge Buy, CEO of CFOA. This funding will help support ferry operations and assets for three interprovincial ferries: Saint Johnā¦
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 continuesā¦
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 Lloydās Register (LR). The new intermediate class vessels will be the first vessels in BC Ferriesā fleet to operate as dual-fuel capable, using Liquefied Natural Gas (LNG) or diesel fuel for propulsion and power. Mark Wilsonā¦
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, āWe 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 āChipā Jaenichen as U.S. āAMP members appreciate Administrator Jaenichenās 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 Actā¦
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 Corporationā¦
FURUNO and Electronic Navigation Join Forces
Electronic Navigation Ltd (ENL), New Zealandās 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 investmentā¦
