SIPG to Acquire 79.2% of Jinjiang Shipping
Shanghai International Port Group Co (SIPG) is all set to acquire 79.2% stake in intra-Asia container line Shanghai Jinjiang Shipping for up to RMB1.94bn ($312.58m).
Keppel Secures $85 mln Liftboat Order
Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from Crystal Heights Holdings Limited…
Tropical Storm Forms Off US Mid-Atlantic Coast
Tropical storm Claudette, the third named tropical storm of the 2015 Atlantic season, formed east of the mid-Atlantic coast, the U.S. National Hurricane Center said on Monday. Claudette was located about 290 miles (465 kilometers) south-southeast of Nantucket, Massachusetts and was packing maximum sustained winds of 50 miles per hour (85 km/h), the Miami-based weather forecaster said. Claudette was…
Damaged Shell Ship Needed for Arctic Drilling Heads to Oregon
Royal Dutch Shell said on Monday that an icebreaker crucial to its planned Arctic oil drilling will be sent to Portland, Oregon, to repair a gash in its hull, but is not expected to delay plans to begin drilling off northern Alaska later in July. The 39-inch (1 meter) gash in the hull of the Fennica was found last week. Voyage time between Portland and southern Alaska should not delay the company's plans to begin drilling off northern Alaska in the Chukchi Sea later this month…
New E-learning Course for Migrant Sea Rescue
UK-based charity Human Rights at Sea (HRAS) announced its cooperation with maritime training provider Marlins on the development and endorsement of a new e-learning course addressing the rescuing of migrants at sea. The new course, entitled Humanitarian Response, aims to provide learners with an understanding of the reasons why migrants and refugees choose a sea route, suggestions for planning and…
Webb Institute Picks Crowley Scholarship Recipients
Webb Institute, a four-year college specializing in naval architecture and marine engineering, announced the 2015-2016 recipients of Crowley Maritime Corp.’s Thomas B. Crowley, Sr. Memorial Scholarships. Nicholas Ratinaud, of West Bloomfield, Mich., and Andrew Ko, of Philadelphia, were chosen by the school’s scholarship selection committee for their leadership qualities, academic excellence and commitment to the maritime industry.
Money Laundering: Not Just for Drug Cartels Anymore
The dirty money can and does wash ashore on the waterfront. Despite all the jokes about having a washing machine full of soapy hundred dollar bills, the U.S. Government takes money laundering very, very seriously. Anti-Money Laundering (AML) laws include substantial fines and possible prison time and places the onus for recognizing and reporting money laundering squarely on the shoulders of financial institutions.
Safety and the Law Collide on the Water
We all can agree that the safety of our employees is critical; if not the most important concern of each of our companies. Our marine-based employees face day-to-day perils that are not encountered by the average American office worker. It is our duty to do everything that we can to ensure that each of our employees returns safely to his or her family once their hitch is over. Our industry has made great strides in improving safety over the years by utilizing improved training programs…
YANMAR's New EPA Compliant Commercial Engine
Installed and on the water, Yanmar’s 6AYA-ET engines are already providing value on the U.S. Gulf Coast. This fully mechanical engine is anything but low-tech. More…
Port of Barcelona: Leader in Vehicle Shipping
The automotive industry developed during the 20th century in Barcelona, Spain's principal industrial city and the center of one of Europe's four key development driving regions. The Port of Barcelona claims a leading role in the development of this sector throughout its history, and today it is one of its main factors of competitiveness, both for finished vehicles and containerized part traffic. When the industry began to develop in Catalonia…
Cruise Industry Gets First American Female Captain
For the first time in the cruise industry, an American female will take the helm of a mega-ton cruise ship. At 37 years of age, San Francisco native Kate McCue will command Celebrity Summit, a 91,000-ton, 965-foot ship in the Celebrity Cruises fleet, sailing between the eastern United States and Bermuda. As Captain, she will be responsible for the navigation of the ship and the onboard experience of its 2,158 guests and 952 crew members.
Sea Trucks Wins First Contract in Brazil
Sea Trucks Group announced the award of its first contract in Brazil. Sea Trucks, a global provider of offshore installation services to the oil and gas industry, said it will provide accommodation support services to Saipem for 300 POB, including lifting operations, storage support and logistic support services for the modification work of a floating production storage and offloading vessels (FPSO). The group selected its DP3 accommodation support vessel, Jascon 28, for the work.
CMA CGM Colombia Opens New Inland Corridors
CMA CGM Colombia announced it now offers complete inland coverage in Colombia, connecting its main ports of call to any inland destination across the country The shipper said it will now provided customers new intermodal services via inland terminals in Medellin, Cali and Bogotá, and a network of four offices across the country.
Saudi Shipper Bahri Says Q2 Profit Doubles
National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, said on Monday its second-quarter net profit more than doubled due to increased fleet size and rates for transporting spot crude. The company's net profit for the three months to June 30 was 342.5 million riyals ($91.3 million), compared to 130.4 million riyals in the same period a year earlier, it said in a bourse statement.
Odfjell Tankers Head Steps Down
Morten Nystad will step down as senior vice president of Odfjell Tankers after 35 years with the company. His departure is effective immediately. Nystad has held various management positions during his tenure at Odfjell, serving within the company’s chartering department in Bergen and other locations. Nystad’s exit follows the departure of president and CEO Jan A. Hammer in December 2014 “due to different views on the strategic direction for the company”.
Great Lakes Iron Ore Trade Dips in June
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.2 million tons in June, a decrease of 6 percent compared to May, and nearly 5 percent below the level of a year ago, the Lakes Carriers' Association (LCA) announced. Loadings at U.S. ports totaled 5.5 million tons, a decrease of 7 percent compared to a year ago. Shipments from Canadian ports in the Seaway totaled 695,000, an increase of 19 percent, but in terms of tons, the trade rose perhaps five cargos for the month.
High Workboat Demand Benefits Militaries -CTruk CEO
Lessons learned from the increase in building workboats for the offshore wind farm sector can benefit the military user, according to CTruk CEO Andy White. Developments in vessel design, construction and operation as a result of the demanding requirements of the offshore wind sector could translate to future procurement of military craft, White told the audience at a Royal Institute of Naval Architects (RINA) conference entitled Warships 2015: Future Surface Vessels.
Seattle, Tacoma Ports Welcome State Transport Investment
Washington State Legislature’s passed a $16.2 billion transportation investment package that ports of Tacoma and Seattle say will benefit the state’s economy by speeding the movement of cargo through the ports and freight corridors. The ports, business and community leaders have been advocating for funding to complete the key freight routes of State Route 509 in King County and State Route 167 in Pierce County, which are supported in the package.
Chief Mate Sentenced for Environmental Crimes
Valerii Georgiev, a Russian citizen and former chief mate of the ocean cargo vessel M/V Murcia Carrier, was sentenced to a term of three months prison for failing…
Russia Suspends Kozmino Oil Exports as Typhoon Approaches
Russia has suspended oil exports from the Pacific port of Kozmino on Sunday due to approaching typhoon, Interfax news agency cited a spokesman for oil pipeline monopoly Transneft as saying on Monday.
