Hapag-Lloyd Sees Better Market, Lower Costs Boosting 2016 EBIT
German container shipping group Hapag Lloyd said it expected a clear increase in operating profit this year thanks to a market recovery, cost cuts and synergies from its merger with Chilean shipper CSAV. Its earnings before interest and tax (EBIT) had swung to a 366 million euro profit in 2015, from a year-earlier loss of 383 million. It swung to a net profit of 114 million euros from a 2014 loss of 604 million, Hapag-Lloyd said on Wednesday.
Grounded Bulker Suffered Major Hull Damage
A damage assessment revealed significant damage to the motor vessel Sparna, which ran aground Monday in the main shipping channel of the Columbia River near Cathlamet, Wash. The damage assessment showed multiple fractures were found, the largest being a 25-foot by 5-foot wide fracture with a visible boulder lodged inside. Damage to the Sparna was contained to two flooded compartments. The assessment was submitted to the U.S.
Six Terex RTGs for Egypt
Terex Port Solutions (TPS) received an order for six diesel-electric Terex rubber-tyred gantry cranes (RTG) from Alexandria Container and Cargo Handling Co. (ACCHCO), Egypt.
Tomorrow’s Gulf Lease Sales Important Even Today - NOIA
“Historically, Central and Eastern Gulf of Mexico lease sales have drawn strong interest from industry; however, a combination of factors – continued low commodity prices…
GOST to Debut its Latest at MSE Conference
Marine Security Leader Demonstrates Latest Innovative Surveillance Systems Fort Lauderdale, Fla. today that it will highlight its newest commercial maritime products…
Carnival: First US Cruise Ship to Cuba in 50 Years
The world's largest cruise line Carnival Corp. will be the first cruise company in more than five decades to sail a U.S. cruise ship to Cuba. Cuba has granted Carnival…
USS Ohio Arrives in Subic
The United States’ Ohio-class guided-missile submarine USS Ohio (SSGN-726) arrived in Subic Bay on Tuesday, March 22, as part of its deployment to the Western Pacific.
2015 - The Safest Year in Shipping for a Decade
The shipping industry saw its safest year in a decade in 2015, according to a new report from Allianz Global Corporate & Specialty (AGCS), though 85 total losses reported worldwide last year…
Cyber Threat Grows in Maritime
The shipping industry’s reliance on interconnected technology also poses risks,according to Allianz Global Corporate & Specialty SE’s (AGCS) fourth annual Safety and Shipping Review 2016…
Seaborne Trade: Checking Up On The Trends
The recent shifts in demand trends contributed to slower seaborne trade growth in 2014 (3.2%) and 2015 (2.0%). Clarkson Research Services Limited checks how has…
Dry Bulk Outlook Remains Bleak: BIMCO
With 12 weeks of 2016 behind us, the dry bulk market is still looking bleak. As the current low demand for transportation of commodities continues, the market is…
Key Issues of Concern to Maritime Industry
KVH Industries, Inc., hosted maritime industry leaders for a frank discussion about cyber security prior to the start of the CMA Shipping 2016 conference in Stamford, Connecticut.
This Day In Naval History: March 22
1820 - Commodore Stephen Decatur was mortally wounded in a duel with Capt. James Barron at Bladensburg, Md., over criticism Decatur had when Barron lost his ship…
Fuel Management Tech Helps CalMac Reduce Emissions
Fuel management technology is helping Scottish ferry operator Caledonian MacBrayne (CalMac) to meet its targets for the reduction of greenhouse gas emissions. Last year the company installed advanced Royston enginei fuel management systems across its entire large vessel fleet – the first UK ferry company to do so – as part of its Project Ecoship program to improve fuel consumption and reduce greenhouse gas emissions.
Pelindo III to Receive 15 Tugs in Indonesia
In early 2015, Robert Allan Ltd., Naval Architects of Vancouver, Canada was awarded a contract to provide four customized versions of its distinctive RAzer series designs of ASD tugboats to the Indonesia Port Corporation, “PT Pelabuhan Indonesia III (PERSERO)”, commonly known as Pelindo III. While Robert Allan Ltd. had long been very active in the Asian market, these designs were its first directly for a company from Indonesia, a country estimated to employ more than 2,000 tug boats.
Rolls-Royce Reveals Future Shore Control Center
Rolls-Royce unveiled its vision of the land-based control centers that we believe will remotely monitor and control the unmanned ships of the future. In a six minute film, Rolls-Royce presents a vision of the future in which a small crew of 7 to 14 people monitor and control the operation of a fleet of vessels across the world. The crew uses interactive smart screens, voice recognition systems, holograms and surveillance drones to monitor what is happening both on board and around the ship.
UK's New Polar Research Ship: Boaty McBoatface?
RRS Shackleton, RRS Endeavour, RRS Falcon, RRS Fish ‘N’ Chips and RRS Kanye are just a few of the suggestions submitted in an open campaign to name the U.K.’s next state-of-the-art polar research vessel. But leading the vote is a name that’s even more out of the ordinary: RRS Boaty McBoatface. The U.K.’s Natural Environment Research Council (NERC) last week issued a call for the public to recommend names for the country’s new £200 million polar research ship.
LNG Trade Routes in Flux as New Supply Brings Price Convergence
Australia's ascent to liquefied natural gas (LNG) producing giant is choking off trade routes from Atlantic to Pacific markets established after Japan's Fukushima nuclear disaster…
Shoaling Safety Zone Set in Santa Cruz Harbor
The U.S. Coast Guard informs it has established a safety zone for the entrance of the Santa Cruz small craft harbor effective Friday, March 18, until Sunday, May 1, or upon the completion of emergency dredging as announced via broadcast notice to mariners. The zone includes the navigable waters as defined by the area contained with two borders: a northern border defined by the line created by extending…
USS America Returns after Maintenance
Amphibious assault ship USS America (LHA 6) has returned to sea March 21 following a 10-month post-shakedown availability maintenance period during which the crew and contractors made improvements to the ship's design. USS America is now conducting sea trials off the coast of Southern California to test the ship's systems and sea-worthiness. The Navy said crews faced several potential challenges when…
