Great Lakes Ore Trade Dips in August
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 5.9 million tons in August, a decrease of 19 percent compared to a year ago, according to the Lake Carriers’ Association (LCA). LCA said the ore trade was suppressed by continued high steel imports levels, as well as three of the largest U.S.-flag lakers out of service for repair work for the majority of the month. Shipments from U.S.
D’Appolonia Takes Majority Stake in SeaTech
D’Appolonia, the independent engineering consulting company of RINA Group, headquartered in Italy, announced it has acquired a majority stake in Fano-based SeaTech Srl. According to D’Appolonia, the acquisition aims to strengthen its position in the marine offshore oil and gas sector. SeaTech provides analysis and design services, manages projects for offshore pipelines, subsea systems and structures and met-ocean monitoring systems, and also provides engineering supervision services on site.
Hamburg Süd Christens Cap San Vincent
Hamburg Süd christened its new containership, Cap San Vincent, at a ceremony at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) shipyard in Okpo, South Korea, Wednesday. The final vessel in a series of three identical new builds, Cap San Vincent’s christening follows the launch of sister ships Cap San Juan and Cap San Lazaro earlier this year. The three containerships are part of the Cap San series, the largest in Hamburg Süd’s fleet.
Transas T-Bridge Installed on Ice Class Vessels
Transas Marine informs it has installed and commissioned the Transas T-Bridge integrated bridge systems aboard three ice class vessels built by Keppel Singmarine, the specialized shipbuilding subsidiary of Keppel Offshore & Marine. Transas supplied Integrated Bridge Systems including full navigation systems, external and internal communication systems and CCTV. Transas said its T-Bridge is designed to add further safety to navigation…
Wilhelmsen CEO Fends off Margin Pressure
Logistics group Wilh. Wilhelmsen Holding and its listed shipping arm, Wilh. Wilhelmsen ASA, presented an update to their strategy on Thursday. "We are very much correlated to world trade.
Asia Dry Bulk-Capesize Rates to Climb
Shipowners confident rates will climb on tighter tonnage supply; Shipowners seek rates premium for Australian coal cargoes. Freight rates for capesize bulk carriers…
Man Rescued from Willamette River in Portland
The Coast Guard rescued a man from the Willamette River after his sail boat capsized near the St. Johns Bridge, in Portland, Sunday night . The man was delivered…
Kalmar, RCI JV Begin Jetty Construction in Taicang, China
Kalmar, part of Cargotec, and Rainbow-Cargotec Industries Co., Ltd (RCI) celebrate the ground breaking of a new jetty at RCI's facilities in Taicang, China today.
Cole Quits Beach Energy
Beach Energy Ltd announced today that Robert Cole resigned as Managing Director of the company. Mr Cole will remain with Beach until 14 October 2015 to allow for an orderly transition.
IMTRA Debuts AcXent LED Linear Lighting System
IMTRA announced today the release of the AcXent LED Linear Lighting System. AcXent is a linear LED solution that provides customized overhead and accent lighting…
Risk Profile of Hull Market Improving - IUMI
IUMI – the International Union of Marine Insurance – at its annual conference in Berlin yesterday announced that global hull premiums for 2014 totalled USD 7.6bn, a 5.8% reduction from 2013.
Global Maritime Files for Bankruptcy
Dry-bulk shipper Global Maritime Investments Cyprus Ltd. filed for chapter 11 bankruptcy protection New York Tuesday in order to liquidate its business due to a continued industry downturn…
Cyber Safety Tops the List for Shipping
ABS Chairman, President and CEO Christopher J Wiernicki has set out his priorities as incoming IACS chairman, emphasizing the unique role the organization plays…
China Exim Bank Backs Seaspan
Seaspan Corporation has lined-up a $1bn worth of export credit facilities with the Export-Import Bank of China (CEXIM). Seaspan has signed a Framework Cooperation…
Sanmar Built Vessel Join Svitzer’s Fleet
Sanmar Shipyard Tuzla has built M/T Svitzer Amstel (BoÄźaçay XII) will join Svitzer’s fleet at the Port of Amsterdam, The Netherlands. The vessel measures 24.4m x…
Dry bulk Trend is Weak
Even though the trend is negative, by about 10% in the last two weeks, the supramax average 6 TC routes still seems to be overpriced compared to what is being fixed…
China Merchants, China COSCO Buy Turkey Terminal
China Merchants Holdings (International) Co. Ltd. along with Cosco Pacific Ltd., a unit of China Investment Corp. and Euro-Asia Oceangate will pay US$919.9 million…
Samsung Companies Consider Merger Again
South Korean shipbuilder Samsung Heavy Industries Co will try again to merge with sister company Samsung Engineering Co Ltd later this year, reports Korea Times.
South Korea Takes Stab at Slaying Zombie Company Menace
South Korea is getting serious about tackling its "zombie company" problem and will set up its first restructuring firm backed by the government and banks in November, spooked by some huge corporate losses and a darkening economic outlook. Korea Development Bank (KDB) will also seek to sell some of the 118 non-financial firms it controls, the government said last week - a move seen as part of its new resolve to deal with the issue.
Robots Help Map England’s Deepwater Canyons
The first true three-dimensional picture of submarine canyon habitats has been produced using a combination of marine robotics and ship-based measurements. The information captured in this new set of maps ranges in scale from the 200km canyon down to the size of an individual cold-water coral polyp, and will be used to inform the management of the only English Marine Conservation Zone in deep water.
