Panama Canal Delegates Meet with Japanese Customers
A Panama Canal delegation headed by Administrator Jorge L. Quijano visited Japan to hold discussions with the Japan Shipowners’ Association (JSA) and the major Japanese shipping lines, as well as end customers such as Japanese car manufacturers and energy sector companies. “The Panama Canal strives to have face-to-face meetings with our customer base,” Quijano said. Japan is among the top five user nations of the Panama Canal, as a major importer of grains from the U.S.
Sustainability Report: Carnival Ahead of Emissions Goal
Carnival Corporation & plc released a report today detailing its sustainability efforts, including initiatives which enabled the company to meet its corporate goal to reduce its rate of CO2 emissions from shipboard operations by 20 percent, a year ahead of its initial plan. The 2013 Sustainability Report also covers the company’s investments in environmental technology, improvements in ship energy efficiency and reduction in shipboard water consumption.
EU Funds Study into New Aberdeen Harbor
The EU's TEN-T Program will invest over $940,000 for development studies for a new harbor at Nigg Bay in Aberdeen, Scotland. The harbor is to support the existing Port of Aberdeen with a view to a significant traffic growth forecast. The Port of Aberdeen handles around 8,000 vessel arrivals and 5 million metric tons of cargo a year. It is almost at its maximum capacity due to high levels of traffic, and the growth potential for the future is significant across several sectors.
ExxonMobil Offers New Zinc-Free Marine Engine Oil
Marine fuel and lubricant providers increasingly are playing a pivotal role in helping ship and boat owners to reduce emissions and improve performance. To this end, ExxonMobil introduced Mobilgard 410 NC, touted by the oil company as a zinc-free high-performance oil that offers marine operators an improvement in piston cleanliness (up to 20%), a reduction in liner wear (up to 50%), and a significant enhancement in bearing protection.
G6 Alliance Makes Seasonal Service Change
Pacific Atlantic 2 service has temporarily stopped calling European ports due to a seasonal change in market demand. The service portfolio between Asia and North…
Australian Navy Seizes $158m of Heroin
An Australian Navy warship patrolling Indian Ocean waters seized heroin worth $158 million near east Africa this week, a navy official said on Thursday, one of the region's biggest heroin hauls in recent years. East Africa has become a key export route for Afghan heroin destined for Europe but regional maritime forces, short of funds and anti-trafficking expertise, have struggled to stem the flow of narcotics through their territorial waters.
CSCL’s New Containership Sets Two World Records
China Shipping Container Lines Co. Ltd. (CSCL) ran sea trials from October 17-20 on its newbuilding, CSCL Globe, the first vessel in a series of five 19,000-teu, 400-meter containerships. The vessel, reported to be the world’s largest containership, is also noteworthy for being powered by what is, physically, the largest engine ever constructed, a low-speed MAN B&W 12S90ME-C Mark 9.2 type. According to the engine builder…
Fulcrum Buys BMT Snyek Technologies
BMT Group announced the sale of BMT Syntek Technologies Inc to Fulcrum Corporation. Fulcrum Corporation, based in Arlington, VA., providies customized services and solutions to organizations within the Department of Defense, the Department of Transportation, and various private sector companies. The Board of BMT Group believes this to be a beneficial move for the staff of BMT Syntek Technologies, given…
Russian Firms Face Huge Insurance Costs as Foreign Providers Flee
Russian companies face billions of dollars in extra insurance costs as Western sanctions prompt foreign insurance firms to start pulling out, worried that any business…
DNV GL, N-KOM to Partner on LNG Initiatives
A memorandum of understanding (MOU) was signed today between DNV GL and Qatar’s premier shipyard Nakilat-Keppel Offshore & Marine (N-KOM) to promote liquefied natural gas (LNG) as fuel within the maritime and offshore industry. The signing ceremony took place during DNV GL’s 150th anniversary celebrations in Dubai, at which N-KOM’s CEO Chandru Rajwani and Dr. Henrik Madsen, DNV GL’s Group President and Chief Executive Officer, signed the memorandum.
US Navy Supply Ships Collide in Indian Ocean
Two U.S. Navy supply ships collided in the Gulf of Aden in the Indian Ocean early on Thursday, but no crew members were injured and initial reports suggested the vessels suffered only minor damage, the force said in a statement. It gave no reason for the collision between the ships which provide logistical support for the U.S. Navy's Fifth Fleet, a deployment covering the Gulf, the Arabian Sea and the Red Sea from its base in Bahrain.
NAT CEO: Low Oil Prices Benefit the Tanker Market
Nordic American Tankers Limited Chairman & CEO Herbjørn Hansson addressed the impacts of low oil prices on the tanker business in a letter to shareholders, citing the decrease in oil price as an overall positive for the world tanker market and possible trigger for the recent rate upswing for Suexmax tankers. “The upswing in Suezmax tanker rates in the recent past may have to some extent to do with the decrease in the oil price,” Hansson said.
Ice to Close Upper Mississippi from Nov. 20
The shipping season on the upper Mississippi River will end on Thursday as ice surrounding locks and dams near Minnesota's Twin Cities forced the earliest winter…
Aussie Tug Engineers take Deal, Cancel Strike
Tug engineers withdrew plans to strike at Port Hedland, Australia's biggest iron ore port, tug operator Teekay Shipping said on Thursday, removing a threat to exports…
Mombasa's 2014 Port Cargo to Soar 14 pct
East Africa's biggest port, Mombasa, expects to handle at least 14 percent more cargo this year, helped by its expanded capacity and a marketing drive, its management said on Thursday.
MoA for APM Terminals in Ghana Port Deal
Port operator APM Terminals, a unit of shipping and oil conglomerate A.P. Moller-Maersk , said on Thursday it had signed a memorandum of understanding with the government…
CEO Lone: China, India to Dominate Oil Trade
China and India will account for about 35% of global oil trade in the next 10 to 15 years, according to predictions by Harald Lone, Chairman and CEO of Newport Shipping Group. Many traditional global shipbuilding patterns are in flux with the proliferation of oil and gas coming from the U.S. shale, and oil supplies traditionally bound for the U.S. will have to find new markets. Lone contends that China and India will become “very important” to the crude oil markets.
Mexican Regulators Clear Hapag-Lloyd, CSAV Deal
Hapag-Lloyd announced the unconditional clearance under Mexican merger regulations for the planned integration of the container shipping activities of Compañía Sud…
Governor: Russia Will Have No Competitors in the Arctic
The Governor of Yamalo-Nenets Autonomous Region, Dmitry Kobylkin, presented the annual report on the situation in the autonomous region. "We have been confronted with new challenges.
Ulstein Verft Ready for Big Scale Construction
Ulstein Verft’s largest vessel so far is under full production these days. Sections for hull 302, an offshore construction vessel for Island Offshore/Edison Chouest Offshore…
