Box Shippers Form Asia-focused Ocean Alliance
France's CMA CGM and China's COSCO Container Lines are to form a four-way vessel-sharing alliance with Evergreen Line and Orient Overseas Container Line focused on Asia routes, CMA CGM said on Wednesday. Container shipping has seen route-sharing develop in response to a severe downturn in the market, and a rejigging of alliances had been expected in recent months after COSCO merged with China Shipping Group and CMA CGM agreed to acquire Singapore's Neptune Orient Lines (NOL).
Massive Lift Boat Delivered to Milaha
Milaha has taken delivery of a new lift boat which will be deployed offshore, particularly in support of field maintenance efforts. Named the Milaha Explorer, the new lift boat was built by Bohai Shipbuilding Heavy Industries Co. Ltd. at its yard in Liaoning Province in China, and was designed by the China-based Tianjin De-Sail Machinery Equipment Co. Ltd. Milaha Explorer will be the biggest lift boat to be owned by a Qatari company…
LNG Tanker Creole Spirit Headed for Portugal from US
The Creole Spirit liquefied natural gas (LNG) tanker is destined for Portugal from the U.S. Sabine Pass project, two trade sources said. Creole Spirit is the sixth cargo to be exported by Cheniere Energy Inc's project and the first to come to Europe. The cargo was purchased by Portugal's Galp Energia , one source said. (Reporting by Sarah McFarlane)
GCC, US Agree on Patrols to Block Iran Arms to Yemen
Gulf Cooperation Council (GCC) countries and the United States have agreed to carry out joint patrols to stop any Iranian arms shipments reaching Yemen, the bloc's secretary general…
Rotterdam’s Q1 Port Throughput Matches 2015
The Port of Rotterdam handled roughly the same volume of cargo in the first quarter of 2016 as in the same period last year, as an increase in the volume of, mainly, crude oil and oil products put through the port was offset by a more or less equivalent decrease in the volume of dry bulk and containers. The total volume of cargo handled in the port increased by 0.2 percent, to 116.9 million metric tons. “The port’s throughput grew by 4.9 percent in 2015.
COSCO Chose Alliance Partners Based on Size, Value System
China's COSCO Container Lines chose new alliance partners based on size and the value of arrangements, executives from the firm and parent China COSCO Shipping said at a press conference in Shanghai on Wednesday. The executives said four partners plan to inject 3.5 million twenty-foot equivalent units (TEU) of container capacity into the alliance. Existing alliance arrangements are due to expire at the end of this year, they said.
Statoil Looks to the Arctic to Increase Exploration off Norway
Oil firm Statoil is looking to a rebound in exploration activity offshore Norway in the next few years with a focus on the Arctic, having curbed activity due to the oil price slump…
Algerian Crude Returns to US East Coast
Phillips 66 has purchased a cargo of Algerian crude oil for its Bayway refinery in New Jersey for the first time since 2013, two sources said, the latest U.S. refiner…
Anticipating Market Change Crucial for Industry - Braemar
Being in a position to accurately anticipate change in the shipping markets is becoming ever more crucial for maritime service providers, as owning principals demand…
Liner Reliability Bucks Downward Trend - Drewry
Ocean carriers bucked a five-month downwards trend by improving container service reliability in March, according to Carrier Performance Insight, the online schedule…
Abruzzese to Head Quality & Operational Excellence at ABB
ABB has appointed Pascale Abruzzese as head of Group Quality and Operational Excellence. Abruzzese, a British national, is currently Chief of Operations for Philips International.
BV Guidelines for Offshore Access Systems
Leading international classification society Bureau Veritas has developed guidelines for walk-to-work (W2W) motion compensated Offshore Access Systems (OAS) which…
GMT Mobile Apps for Sailors Released
Two new mobile apps designed for Sailors to complete required Navy General Military Training (GMT) on Records Management (RM) and Privacy and Personally Identifiable…
China to Use Arctic Shipping Route
China plans to make use of Arctic sea route for its shipping to shorten the distance by 30 per cent compared to the ocean passages traditionally used to connect…
COSCO Readies Livestock Carrier for Vroon
Vroon Offshore Services, a Dutch offshore shipping company, has announced that the launching took place last week at COSCO Guangdong Shipyard,China of Gudali Express.
Ship Owner to Pay Ransom for Indonesian Hostages
Indonesian government said that the company that owns the hijacked tugboat Brahma 12 has agreed to pay the 50-million-peso ($1 million) ransom demanded by the Philippine…
Nigeria, Singapore Seal Maritime Partnership
The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Maritime and Ports Authority of Singapore have held a bilateral meeting to seek areas of…
Maritime Industry Gathers to Address Cyber Security Threats
The Maritime and Port Authority of Singapore (MPA) and the Singapore Shipping Association has co-organised the inaugural Cyber Security Seminar in conjunction with the Singapore Maritime Week 2016.
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