Hapag-Lloyd Eyes Impact of New Grand Canal
The Panama Canal has linked the Pacific with the Atlantic for more than 100 years. It will soon be possible for significantly larger ships to pass through its locks. What will the expansion mean for Hapag-Lloyd? They’re still working in Panama, on one of the biggest construction sites in the world. Everything seems gigantic here. The lock gates alone, veritable monsters of grey steel: 16 in total, each of them 57 meters long…
Barge Breakaway on the Mississippi River
The U.S. Coast Guard said it is responding to an allision and barge breakaway on the Mississippi River at mile marker 43.7 near Thebes, Ill., Wednesday. Tow vessel Michael G.
Keppel Secures MODEC FPSO Project in Brazil
Keppel Offshore & Marine Ltd, through subsidiary Keppel FELS Brasil SA's BrasFELS shipyard, has been awarded a Floating Production Storage and Offloading (FPSO)…
MAN 32/40 Package for Chinese Dredger
Jiangsu Haihong Engineering Technology Co., Ltd. has ordered four MAN 32/40 engines in connection with an order for two 8,000-cubic-meter trailing suction hopper dredgers. MAN’s scope of delivery covers two shipsets, each including a propulsion package consisting of two 9L32/40 engines, a MAN Alpha twin-screw VBS860 CP propeller, single marine reduction RSVL-800 gearboxes from Renk, plus a selective catalytic reduction (SCR) system that enables the engines to fulfill Tier III in liquid mode.
March US-flag Lakes Cargoes Double from 2015
U.S.-flag Great Lakes freighters (lakers) moved 1,747,111 tons of cargo in March, more than double their total of a year ago, according to the Lake Carriers’ Association (LCA), who said the March float was also on pace with the month’s five-year average. Iron ore cargos totaled 1,362,768 tons, again more than double the volume of a year ago, while coal cargos totaled 133,155 tons, basically a repeat of a year ago.
Firmer Vessel Demand Pushes Up Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday, boosted by steady rates across bigger vessels.
EC Pumps €7.5 Mln into the Maritime Sector
European Commission invests over €7.5 million under the European Maritime and Fisheries Fund to boost innovation, growth and jobs in the marine and maritime sectors. The European Commission is investing over €7.5 million to boost innovation and create jobs in the marine and maritime sectors. The money is available under the European Maritime and Fisheries Fund and divided in calls for proposal focusing on the key areas where the European Union can have the biggest impact: skills…
Bulkers Squeezed Out
Behind the news of the multiple VLOCs being ordered to service the Brazil-China iron ore trade lies the reality that just two non-VLOC bulker contracts were placed in the first quarter of 2016, says Craig Jallal, VesselsValue's Senior Data Editor. The two non-VLOC orders of Q1 2016, which came from U-Ming Marine Transport, who signed a contract with Sumitomo Corp. and Oshima shipbuilding on February 15 for two 81…
AWT Earns ISO 9001:2008 Certification
Applied Weather Technology, Inc. (AWT), a StormGeo Company, announced it has earned approval of certification to international Quality Management System Standard…
Wildcard for 2016 Hurricane Season
AccuWeather reports the potential movement of a 'cold blob' of water in the North Atlantic Ocean may be the wild card in the 2016 Atlantic hurricane season, experts say. The cold blob refers to a large, anomalous area of colder-than-normal sea-surface temperatures, located east of Newfoundland and south of Greenland. "This area of colder water started to show up a few years ago and has become larger and more persistent during the past couple of years…
China Switches on Lighthouse on South China Sea Island
China has begun operating a lighthouse on one of its artificial islands in the South China Sea near where a U.S. warship sailed last year to challenge China's territorial claims.
Huge Tanker Traffic Jam Builds at Basra
Nearly 30 large oil tankers waiting to load at Basra; daily VLCC tanker rates have doubled to nearly $75,000. A traffic jam of nearly 30 large oil tankers has built…
Keppel Bags BRL 500 mln MODEC Project
Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary, Keppel FELS Brasil SA's BrasFELS shipyard has been awarded a Floating Production Storage and Offloading…
BIMCO, GIIGNL issue Voyage Charter for LNG Trade
BIMCO and the International Group of Liquefied Natural Gas Importers (GIIGNL) have today jointly issued the first definitive voyage charter party – LNGVOY - designed for the expanding LNG spot market.
Europort to Partner IRANIMEX
Europort has become the official and exclusive international partner of IRANIMEX, the leading maritime & offshore exhibition in Iran. The agreement brings together…
Singtel, Inmarsat Join Forces to Boost Maritime Cyber Security
Singapore and London, 6 April 2016: Singapore Telecommunications Limited (Singtel) and Inmarsat (LSE:ISAT.L) have entered into a strategic partnership to enhance…
Logistics Mergers Up, Says KPMG
Auditor KPMG says that the mergers and acquisitions (M&A) in the Transport sector will supersede the levels seen in 2015 this year. In 2016, mergers and acquisitions…
China Cosco to Form Container Alliance
China COSCO Shipping, the result of a merger in February between the country's top two state-owned shippers, is in talks with CMA CGM and several other major operators…
UASC Expands Further in S.America
United Arab Shipping Company (UASC) announced the opening of a new joint-venture agency in Uruguay and participation in this year’s Intermodal South America exhibition…
Atlantic Sail Hits the Water
Atlantic Container Line (ACL) took delivery of Atlantic Sail last week, the second of five new conro (container and roll-on/roll-off) - new G4 generation vessels…
