Bimco Publishes Dry Bulk Crisis Report
BIMCO has published the next in its series of reports looking at the “road to recovery” for dry bulk shipping beyond the current market difficulties. The foundation…
APL Increases Port Calls Of Asia Latin America Service
The ocean carrier APL has announced three additional ports of call for the weekly Asia Latin America Service (ALX). Including Callao, Da Chan Bay and Valparaiso…
Cruise Season at Lerwick Ends on New Highs
Lerwick Harbor has logged its best cruise season yet, with the Shetland port setting four new records in 2016 – and three expected to be broken again next year.
NGO Shipbreaking Calls for ‘Polluter Pays’ Principle
The NGO Shipbreaking Platform called today on the European Commission, the European Parliament and Member States to support the introduction of a financial mechanism…
Consolidation, Greater focus on Risk Management and Higher Finance Costs - BIMCO
BIMCO has today published the next in its series of reports looking at the “road to recovery” for dry bulk shipping beyond the current market difficulties. The foundation…
Keppel Grows LNG Business
Keppel Offshore & Marine (Keppel O&M) announced it has secured contracts to build its first two dual-fuel diesel liquefied natural gas (LNG) harbor tugs, and signed…
More than 11,000 Migrants Rescued off Libya this Week
More than 5,000 migrants were saved on Tuesday and Wednesday off the Libyan coast and 28 bodies recovered, bringing the total number of people rescued this week to more than 11…
Southeast US Bracing for Powerful Hurricane Matthew
President Barack Obama and state governors on Wednesday urged millions of people along the U.S. Southeast coast to evacuate and prepare for Hurricane Matthew as the potentially devastating storm took aim at Florida. Matthew, currently pummeling the Bahamas and the fiercest Caribbean storm in nearly a decade, was forecast to begin lashing Florida with fierce winds, storm surges and heavy rain late on Thursday, the U.S. National Hurricane Center (NHC) said.
Volkswagen Opts for LNG-powered Shipping
The Volkswagen Group said it will use two vessels powered by liquefied natural gas (LNG) on routes between Europe and North America from 2019, in a move that aims to improve the environmental balance of its marine transport fleet. “The Volkswagen Group is shouldering its responsibility for the environment. “By commissioning the two LNG-powered freighters for the route between Europe and North America…
Coast Guard Sets Port Condition Whiskey in NC
The U.S. Coast Guard is urging mariners and members of the maritime community across North Carolina to prepare for Hurricane Matthew as Condition Whiskey is set for North Carolina Waterways. The Captain of the Port (COTP) has set Condition Whiskey for all waterways in the North Carolina COTP Zone in preparation for the anticipated weather impact of Hurricane Matthew. Gale force winds of 39 mph and above are predicted along the coast of North Carolina within 72 hours.
PIRA Expects $50-60/barrel Oil from OPEC Deal
The Organization of Oil Exporting Countries' decision to embrace production cuts will help move crude prices toward a target of $50 to $60 per barrel, Gary Ross…
US Offshore Wind Comes to Life
Marine News contributor Robert Kunkel asks: Are we ready to support the farms? On August 19, 2016, we watched as the fifth tower and associated nacelle was raised on the Deepwater Offshore Wind Farm approximately 3 miles offshore of Block Island, Rhode Island. This is the first Offshore Wind farm erected in the United States and, without a doubt, a huge step forward for this controversial project and alternative energy supply.
Fair Contracting in Casualty Response
ISU’s President weighs in on the current state of international salvage, a changing landscape and the need for mutual fairness from all stakeholders in the global salvage and response arena. The last three decades have seen a significant reduction in marine casualties which is to be welcomed by all. Better ships; better inspection and port state control; the SOLAS convention; improved operational practices…
Giant Cutter Dredger Gearbox Delivered
Customer approval in powertrain technology depends specifically and to a great extent on the reliability and robustness of the facilities and in particular on their individual components. These include the gearbox and gear wheels of the specialist transmission manufacturer, C u. W Keller GmbH & Co.KG (KELLER). The high customer requirements can be met by the custom made gearbox manufacturer Keller…
Chamber of Marine Commerce Taps Johnston as Interim President
The board of directors of the Chamber of Marine Commerce has appointed Raymond Johnston as interim President, effective October 1, 2016. Johnston will oversee the implementation of the merger between the Chamber of Marine Commerce and the Canadian Shipowners Association (CSA) announced last week and will lead the association until the recruitment process for a new president is completed. Under the terms of the merger agreement…
Academic Cooperation Addresses Maritime Ice Operations
A group of industry stakeholders have signed a Memorandum of Understanding (MoU) for academic exchange and cooperation within the framework of the Kalmar Ice Academy, with a focus on collaboratively helping the offshore and shipping industries to increase operational safety and efficiency while reducing environmental impact, through furthering understanding of maritime operations in ice. The parties…
Finnish Minelayer Undergoes Midlife Refit
Minelayer vessel Pansio has been fully refitted and handed over to the Finnish Navy, following a midlife upgrade carried out by ATLAS ELEKTRONIK Finland Oy (AEFI ) together with Uki Workboat Oy (Uudenkaupungin Työvene Oy) as a subcontractor. Pansio is the first of three Pansio-class minelayers, including Porkkala and Pyhäranta, to undergo refit which aims to extend the use of the ships well into the 2030s.
Maersk Supply Service Names Karstensen CEO
Steen S. Karstensen has been appointed CEO of Maersk's offshore services arm, Maersk Supply Service, with effect from October 24. Karstensen comes from a position as Chief Procurement Officer and takes over from Jørn Madsen, who was recently appointed CEO of Maersk Drilling, effective November 7. Karstensen joined the Maersk Group in 1986 and has had led a 30-year-career with the company in procurement, logistics, supply chain, in-house consultancy and other cross-functional areas.
Shippers Want Timeline for Emissions Reduction
About 90 percent of global trade is moved by cargo ships which are collectively responsible for about 2.2 percent of the world's total Green House Gas (GHG) emissions (similar to that emitted by international aviation). As a considered response to the Paris Agreement on climate change, the world's national shipowner associations – represented by their global trade association, the International Chamber…
Zim to Defer $115 Million in Debt Payments
Israeli shipping company Zim, which has been hit hard by the weak global shipping market, said on Wednesday it was planning to defer $115 million of upcoming payments to creditors until 2018.
