Baltic Index up on Higher Rates for Bigger Vessels
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities inched up on increased rates for bigger vessel segments.
US Could Eliminate Energy Imports -EIA
EIA's AEO2015 projects that U.S. The Annual Energy Outlook 2015 (AEO2015) released today by the U.S. Energy Information Administration (EIA) presents updated projections for U.S. energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. "EIA's AEO2015 shows that the advanced technologies are reshaping the U.S.
SC Ports See 14% Container Volume Growth
SC Ports Authority sustained double-digit container volume gains in March, reporting 14.3 percent fiscal year to date growth of twenty-foot equivalent units (TEUs) over the same period last year.
Panic on Migrant Boat Kills Hundreds
Hundreds of people desperate to be rescued from a packed migrant boat in the Mediterranean pushed to one side when they saw a ship approach, capsizing the craft…
Vopak Workers Plan One Day Strike at 11 Dutch Terminals
Vopak workers are planning strike action at all 11 of the company's oil, gas and chemical terminals in the Netherlands on April 22, union officials said on Wednesday.
Cargo Ships Stuck off Yemen as Fighting Worsens Food Security
At least five merchant vessels carrying food are stuck off Yemen as warships from a Saudi-led coalition search them for weapons bound for Iran-allied Houthi rebel forces…
Resolving A Contamination Claim In West Africa
Dennis de Bruin, Marine Director at BMT Surveys, describes what a surveyor can do to turn an apparent total loss of high quality fuel into the acceptance of a sound product. Shipping is a global business and the obstacles and challenges faced are often demanding. Hence knowledge, experience and personal contacts are essential to resolve problems. These challenges can be due to geography, e.g. the remoteness of places…
Fednav Orders 12 Ballast Water Treatment Systems
Fednav Limited, a Canadian operator of international ships in the Great Lakes-St. Lawrence Seaway system, announced an order for 12 ballast water treatment systems to equip its ships currently under construction. According to the shipper, this makes Fednav the first shipping company in Canada and the Great Lakes to announce the installation of ballast water treatment systems, well before the regulatory requirement.
GPA Container Traffic Leaps Nearly 28%
The Georgia Ports Authority increased containerized cargo in March by 27.8 percent compared to the same month a year ago, for an additional 72,499 twenty-foot equivalent container units (TEUs). For the first time ever, the Port of Savannah moved 333,058 TEUs in a single month, surpassing its previous monthly record set in October 2014 by more than 21,000 TEUs. "We are moving record volumes while maintaining excellent service levels for our customers," said GPA Executive Director Curtis Foltz.
Caterpillar Acquires ESRG Technologies Group
Caterpillar Marine has announced it has completed the acquisition of ESRG Technologies Group, LLC, a vessel monitoring and data analytics leader in the marine industry. The acquisition includes ESRG’s comprehensive software suite for the remote monitoring and diagnostics of more than 65 on-board systems as well as the expertise to provide meaningful recommendations to ship owners to help increase efficiency, reduce downtime on their vessels and assist shipyards in reducing warranty expenses.
Talking Offshore Employment with Faststream’s Chief Executive
With the energy market swoon in full blossom, Maritime Reporter checked in with Mark Charman, chief executive of global recruiting leader Faststream, for his insights on the breadth and depth of the impact to the offshore employment market. Uncertainty. If there is one word that summarizes current global energy market conditions, it is uncertainty. The sudden downturn in oil pricing – which started…
DP System Donated to NTNU Research Vessel
Kongsberg Maritime has donated and installed a K-Pos Dynamic Positioning System aboard the Norwegian University of Science and Technology (NTNU) owned R/V Gunnerus research vessel. The donation and KONGSBERG’s continued support of the University was recognized at a VIP ceremony at the NTNU in Trondheim, Norway, yesterday (14th April 2015). In operation for NTNU since 2006, R/V Gunnerus is equipped with the latest technology for a variety of research activities within biology…
Kvichak Delivers Bristol Bay Gillnetter
Kvichak Marine Industries, Inc, a Vigor Industrial Company, delivered the first of three new Bristol Bay boats. The new, top house design all-aluminum 32’ x 16’ jet propelled gillnetter is a product of the Kvichak design team and is powered by twin Volvo D11 EVEC-E engines rated for 510 BHP coupled to ZF 305-3 marine gears and Hamilton HJ364 water jets providing a top speed of 35 knots. This new Kvichak design combines shallow draft capability with short transit times to the line…
Meyer Werft Buys Finland out of Turku Shipyard
Germany's family-owned Meyer Werft shipyard is buying the Finnish state out of Turku shipyard in southwestern Finland, the government said on Wednesday. Meyer Werft and the government last year bought the troubled shipyard from Korean trade and ship corporation STX, with the change of ownership helping the yard to win several orders. The price Meyer Werft is paying Finland for the 30 percent stake it does not already own was not disclosed. Reporting By Jussi Rosendahl
Design Standards for US Barges Carrying LNG
The U.S. Coast Guard’s (USCG) Office of Design and Engineering Standards released CG-ENG Policy Letter 02-15 to provide interim guidance for the design standards…
More Data Shows Chinese Slowdown
The Chinese economy grew by 7% y-o-y in the first quarter of 2015, according to National Bureau of Statistics in China. This is the weakest overall growth in six years.
RT to Frame Guidelines against Cyber Attacks
The Round Table of international shipping associations (RT) comprising BIMCO, ICS, Intercargo and INTERTANKO announced today that they are developing standards and…
Fugro Expertise for Wind Farm Developers in Netherlands
Fugro has been contracted by the Netherlands Enterprise Agency, part of the Ministry of Economic Affairs, to execute the geotechnical site investigation and geological…
Meyer Acquires Turku Shipyard
The Meyer family, operating the shipbuilding company Meyer Werft in Germany, and the Finnish State acquired Turku shipyard from STX Europe in September 2014. Meyer…
150 Attend Mickelson ExxonMobil Teachers Academy
Today, ExxonMobil announced 155 third- through fifth-grade teachers from across the United States have been selected to attend the national 2015 Mickelson ExxonMobil Teachers Academy.
