Philly Shipyard to pay Dividend
On 17 February 2016, the Board of Directors of Philly Shipyard ASA (Oslo: PHLY) resolved to pay a dividend to the shareholders of PHLY as of expiry of 23 February 2016…
Vale: Q4 Iron Ore Output a Record
Brazilian miner Vale SA said on Thursday it produced 88.4 million tonnes of iron ore in the fourth quarter, a new record for the company. The world's largest producer…
Maritime India Summit Website launched
Nitin Gadkari, Minister of Shipping, Road Transport and Highways. Government of India, launched the Website for Maritime India Summit 2016 www.maritimeinvest.in…
Tug Sinks in Boston North Channel
It has been stated that no deep draft vessels should transit Boston’s North Channe, after a tug boat sunk in the vicinity of Boston’s North Channel Buoy #2 yesterday.
VP Biden Visits Port of New Orleans
Vice President Joe Biden toured the Port’s new Mississippi River Intermodal Terminal today before making remarks commemorating the 7th anniversary of the American Recovery and Reinvestment Act at the Port’s Riverfront Plaza. “I’m here today to talk about smart investments we made in shaping the future of the economy in Louisiana and around the country,” Vice President Biden told a crowd of more than 150 invited guests at the Port.
OOCL Implements Shipping Ban on Whale, Shark and Dolphin
Hong Kong-based shipping giant Orient Overseas Container Line (OOCL) said it would not accept cargo bookings for whale, shark, dolphin and their related products with immediate effect.
CMA CGM Hikes Asia-Europe Rate
CMA CGM will increase rates US$900 per TEU from all Asian ports to the Mediterranean including the Black Sea and North Africa - and EUR800 (US$892.93) per TEU to Syria from March 1.
Maersk Announces Rate Increase
The world’s largest container shipping company Maersk Line said that it will increase the rate from north Europe to west central Asia by US$100 per TEU, $150 per…
Statoil Cancels Maersk Rig Contract
Norwegian firm Statoil ASA is ending its rig contract for the Maersk Gallant six months early. The jack up rig has been on contract with Statoil for two years, since 21 August 2014…
CMA CGM - COSCO Mega Alliance to Shake-up the Industry?
Paris-based consultancy, Alphaliner, reports “a new mega alliance appears to be in the making,” as French container shipping major CMA CGM and its Chinese counterpart…
Greece Formally Approves Cosco's Bid for Piraeus Port
The Greek privatization fund TAIPED formally accepted the binding bid submitted by Cosco Pacific for the majority stake in Piraeus Port Authority (OLP), while the…
Hapag Lloyd to Test XVELA
Hapag-Lloyd has announced it has signed a cooperation agreement with XVELA’s Oakland based partner company XVELA to pilot test the new XVELA platform. With Cargotec…
Navy Forum Connects Large and Small Business
For the past 15 years, the Department of the Navy’s “Forum for SBIR/STTR Transition” (FST) – the nation’s premier small business technology venue – takes a major step forward in allying with the Navy League’s Sea-Air-Space Exposition (S-A-S) on 16-18 May 2016 at the Gaylord National Harbor near Washington, D.C. “Our collaboration with the Navy League marries the most significant large and small business marketplaces for defense technology…
Qatar, China in $6.4 Bln Battle for Australian Freight Giant
Canada's Brookfield Asset Management (BAMa.TO) is planning a fresh $6.4 billion bid for Australian port and rail firm Asciano (AIO.AX) with Qatar's sovereign fund…
Epoxy Systems Curb Cavitation Threat
In the Marine industry, cavitation commonly occurs on hydrofoils, rudders, stabilizers, as well as on propulsion systems. Cavitation damage can lead to severe erosion problems and render equipment useless if left untreated. Millions are spent every year on replacing equipment damaged by cavitation. This is not only expensive and time consuming, but the like for like replacement solution will not solve the problem.
Optimarin Scores Unique BWT Retrofit Project
Optimarin has won a contract to install its Optimarin Ballast System (OBS) on Østensjø Rederi’s Edda Fides, the world’s only purpose-built monohull accommodation vessel. The Norwegian ballast water treatment (BWT) specialist secured the business following on from the success of a previous installation on the firm’s Edda Fortis in 2015. Edda Fides, which is operated by Østensjø Rederi`s subsidiary Edda Accommodation…
Container Volumes Up at South Carolina Ports
South Carolina Ports Authority (SCPA) reported a nearly five percent increase in container volume since its fiscal year began in July. SCPA moved 145,092 twenty-foot equivalent units (TEU) in January.
Kerry Sees 'Very Serious' US-China Talks on South China Sea
The United States expects to have "very serious" talks with China after reports Beijing deployed an advanced surface-to-air missile system to a disputed island in the South China Sea, U.S. Secretary of State John Kerry said on Wednesday. "There is every evidence, every day that there has been an increase of militarization of one kind or another. It's of serious concern," Kerry told reporters when asked about the reported deployment.
Arctic Shipping Routes May Open by 2080 -NOC
Commercial summer shipping across the North Pole may be possible by the end of the century, with the first potential crossings feasible for ice-strengthened ships around 2040. According to this study, by scientists at the National Oceanography Centre (NOC), Arctic shipping could potentially account for as much as 10 percent of all cargo transported between Europe and the Pacific. It will help supply communities and industries along the coasts of Siberia and Canada.
Kooiman to Widen Mussel Dredger
Scheepswerf Gebr. Kooiman BV informs it has received a contract to widen a mussel dredger by 60cm on both sides. The vessel, NOR 204 Andrea Norddeich was built in 1977 by Schifs- & Bootswerft Lübbe Voss, Westerende-Kirchlog. Prior to the widening, the ship’s dimensions were 34,2m x 6m , having a draft of 1,86m and she measured 118GT/191 DWT. The vessel is owned by shipping company Christoffers in Norden-Norddeich, Duitsland.
