Concordia Maritime Boosts Suezmax Market Presence
International tanker shipping company Concordia Maritime has signed an agreement to charter 50 percent of a vessel in the Suezmax crude oil segment for a period of one year from August 2015, with an option for an additional year. The Suezmax tanker has a deadweight of 158,000 mt and was built in South Korea in 2012. Kim Ullman, CEO of Concordia Maritime, said, “This agreement strengthens our presence still further in the strong Suezmax market.
World’s Largest Boxship Classed by DNV GL
DNV GL welcomed the world’s largest containership, MSC Oscar, into class. Delivered in January by Daewoo Shipbuilding & Marine Engineering (DSME) in Geoje, South Korea, the 19,224 TEU vessel has already entered service on the line’s new East-West service. The newest ship for MSC Mediterranean Shipping Company has set a size benchmark for containerships in terms of capacity, and has also been designed with a number of efficiency enhancing features…
LR Improves Certificates with ITP Platform
Lloyd’s Register has selected the ITP platform from communications software specialist Aia Software to create and manage its certificate creation process. Selecting ITP is part of a larger project to improve the creation of their complex and technical documentation, LR explained. It will enable the organization to improve both productivity and quality control, ultimately improving their services to clients.
Lawmakers Push for Crude Exports to Mexico
The chairman of the U.S. Senate's Energy Committee and 20 colleagues on Wednesday urged the Commerce Department to allow crude oil exports to Mexico, saying it would…
MSC Reports Better Fuel Efficiency with Jotun's HPS
Jotun Marine Coatings said Mediterranean Shipping Company (MSC) will apply Jotun’s Hull Performance Solutions (HPS) on a number of new and existing vessels. With almost 500 vessels, MSC has one of the world’s largest containership fleets. To help the company reduce bunkering fuel costs and associated CO2 emissions, MSC undertook a program to improve fuel efficiency in 2011. During this period, they…
Pressure Mounts to Settle West Coast Port Dispute
LOS ANGELES, Feb 18 (Reuters) - Two U.S. Cabinet secretaries joined congressional leaders, three governors and a big-city mayor on Wednesday in pushing shipping…
Bomin Linde, Lithuanian LNG Terminal sign MoU
OSLO, Feb 19 (Reuters) - Lithuania's liquefied natural gas import terminal and Germany's Bomin Linde LNG will work together to develop the use of LNG as marine fuel in the Baltic Sea…
EU Sea Rescue Mission Extended
The European Commission extended its rescue mission off Italy until at least the end of the year, it said on Thursday, and gave Rome extra funding to deal with an…
Artificial Islands Boost China Regional Power
China's creation of artificial islands in the South China Sea is happening so fast that Beijing will be able to extend the range of its navy, air force, coastguard and fishing fleets before long…
Norden Renegotiates C/P's as Low Rates Bite
Danish shipping company D/S Norden has renegotiated charter agreements for nine vessels with their Japanese owners in reaction to record low dry bulk freight rates.
Europe Set for LNG Supply Surge
Europe is luring twice as many liquefied natural gas (LNG) tankers as last year and more are expected in what is now the premium-priced market after a year-long demand slump in Asia.
USS Laboon Enters U.S. 6th Fleet
The Arleigh Burke-class guided-missile destroyer USS Laboon (DDG 58) entered U.S. 6th Fleet’s area of operations in support of U.S. national security interests in Europe Feb. 17, 2015.
ClassNK to Research on Brittle Crack Arrest Design
ClassNK announced that it will carry out a joint research project aimed at improving safety standards for ultra-large container ships. As container ships increase in size…
CSIRO, BHP Billiton Join Forces in Marine Research
The World Heritage Listed Ningaloo Reef in Western Australia will be the focus of a new marine research partnership between CSIRO and BHP Billiton Petroleum announced today.
Tropical Cyclone Warning for East Queensland
Severe Tropical Cyclone Marcia is predicted to intensify to a Category 4 system as it crosses the Queensland coast between Mackay and Gladstone early on Friday morning…
COTP Delaware Bay Modifies Ice Condition II
The Captain of the Port (COTP) Delaware Bay is notifying mariners that Ice Condition II has been modified to expand STEEL HULL RESTRICTIONS in the Delaware River.
OCHA, APEC Ink Deal to train Foreign Dockers
OCHA, the training center for dock workers in the port of Antwerp, will collaborate with APEC-Antwerp/Flanders Port Training Center to organise joint courses for…
Maersk Line’s Chinese New Year 2015
Eastbound Blank Sailings: The 4713 Chinese New Year (CNY) begins on February 19th, 2015, and will run for 15 days as the people around the world reunite to celebrate the holiday.
Marine Lubricants Market to Reach US$9.36 Billion by 2018
Marine lubricants market's revenue is set to grow at a CAGR of 6.13% during the forecast period, eventually reaching a value of US$9.36 billion by the end of 2018.
CMA CGM Finance Stronger than Hapag-Lloyd
The credit profile of CMA CGM S.A. (CMA) is more robust than that of competitor Hapag-Lloyd AG (HL) on account of its higher profitability, bigger market share and more diverse geographic presence…
