Maersk to Raise Freight Rates from Asia to Europe
The world's biggest container shipping company Maersk Line, a unit of A.P. Moller-Maersk , said it plans to raise freight rates on routes from Asia to northern Europe by $400 per 20-foot container (TEU). The new rates will take effect from Sep. 1, the company said in a newsletter to shippers on Tuesday. Higher rates on the busiest freight routes between Asia and northern Europe would help companies, which have been struggling with overcapacity as a result of a weak global economy.
OWS Christens Damen Fast Crew Supplier
Offshore Wind Services’ (OWS) latest Damen vessel – the Fast Crew Supplier 2008 Offshore Waddenzee - was officially named at Damen Oranjewerf Amsterdam, on August 22. The FCS 2008 is the second Damen vessel ordered this year by the Dutch company, which is a specialist in the provision of crew transfer vessels to the offshore wind industry. In January, OWS became the first company to order the next generation Damen Twin Axe Fast Crew Supplier 2610.
Kogas Talks to Offload up to 10 Autumn LNG Cargoes
Korea Gas Corp. has approached long-term suppliers of liquefied natural gas (LNG) to defer up to 10 autumn cargos to winter, showing it is lumbered with excess supply and pulling out of spot markets, industry sources said. High stocks and weak demand prompted state-run Kogas, the world's biggest corporate buyer of LNG, to offload a number of cargos this summer through a combination of time-swap deals and by deferring deliveries from suppliers.
Wärtsilä Upgrades Fuel Gas Handling Solution
With LNG becoming increasingly viable and popular as a marine fuel, Wärtsilä continues to develop technical solutions that facilitate this trend. The latest Wärtsilä developments in this field involve an upgraded version of the Wärtsilä LNGPac, a fully integrated fuel gas handling system, and improvements to the coveted Wärtsilä Gas Valve Unit (GVU). Wärtsilä introduced the LNGPac in 2010. It comprises a complete system for LNG fuel handling…
ABS Opens Office in Beijing
ABS, a global provider of classification services to the marine and offshore industries, announces the opening of a new office in Beijing. This move shows ABS' determination in expanding best-in-class service for the Chinese market. This new office will allow further collaboration with government, industry, academic institutions and research organizations and is part of ABS' continued commitment to serving the growing marine and offshore industries in China.
The Vigorous: Investing in the Future
The largest floating drydock in the United States, the Vigorous, has arrived at Vigor Industrial’s Portland shipyard. What’s happening? Vigor Industrial’s new floating drydock…
OP/ED: The State of Piracy
Piracy’s gone away, right? You’d be forgiven for thinking that. The predominant narrative for the Indian Ocean is that Piracy has been suppressed to an extent that ship-owners are requesting fewer guards, even unarmed in some cases. Certainly private security team composition has adjusted beneath the “rule of four” and the nationality of guards has shifted significantly away from the UK only model.
First Shipment of Russian Novy Port Oil
Gazprom Neft provided a summer shipment of oil from Novoportovskoe deposit – for the first time, the raw material was taken by sea and sent to European consumers…
Queensland Turns Down Cruise Terminal Request
Australia's Queensland government has backed away from controversial plans to allow a cruise ship terminal to be built on state-owned land on the Gold Coast, according to the 'Brisbane Times'.
Australian Forces in S. Pacific Disaster Relief Exercise
Almost 200 members of the Australian Navy, Army and Air Force are joining forces with personnel from across the region in a major humanitarian relief exercise in the South Pacific…
Schlumberger Launches First Photorealistic Reservoir Geology Service
Schlumberger today launched the Quanta Geo* photorealistic reservoir geology service at the Offshore Northern Seas Annual Conference and Exhibition. The new service…
Hallin Marine Completes Unique FPSO Contract
Hallin Marine, a Superior Energy Services company, says it has completed a unique project for COOEC Subsea Technology, a wholly-own subsidiary of COOEC (China Offshore…
CAG Finance New SF Bay Tugboat
Capital Access Group (CAG) says that its $10.4 Million 504 Loan has enabled the acquisition of a powerful, 85-ton tractor tugboat for San Francisco Bay – Baydelta Maritime's 'Delta Audrey'.
South African Measures to Counter Spread of Ebola
South Africa's Department of Health has published a Cabinet decision with regards to measures to counter and control the potential spread of Ebola from West African…
BAE Systems Awarded USS Lake Erie Drydock Contract
US Department of Defense informs that BAE Systems San Diego Ship Repair, San Diego, California, is being awarded an undefinitized contract action with a not-to-exceed amount of $78…
DNV GL & MMGI Take Global Risk Identification Initiative
The partners inform that a new global initiative launched by DNV GL and Monday Morning Global Institute (MMGI) aims to identify opportunities for sustainable responses to a range of global risks.
SCI Resorts to Rate Restoration
To meet increasing operational costs and maintain high level of reliability and proficiency to our Customers, The Shipping Corporation of India (SCI) has announced…
Fergusons Shipbuilders Takeover: Preferred Bidder
The Scottish Government informs that KPMG has announced that Clyde Blowers Capital is to be the preferred bidder for the group’s business and its assets. “I am delighted…
ABB Inverters Connect Malaysia’s Largest Solar Plant to Grid
ABB, the leading power and automation technology group, has delivered and commissioned key components to integrate renewable energy from Amcorp Power Sdn Bhd’s Gemas…
Ensco to Present at Barclays & Pareto Securities Conferences
Ensco will present at the Barclays Energy-Power Conference in New York City on Wednesday, 3 September 2014 at 11:05 a.m. EDT. The presentation will be available…
