Trader to Re-export Wheat it Could Not Unload in Egypt
Grain trading company Medsofts plans to re-export a shipment of 31,000 tonnes of Russian wheat it has been unable to unload in Egypt since July because of confusion about checks for the ergot fungus…
Hanjin Woes Seen Impacting Ports, Shipping Lines for 2-3 months -USDA
The collapse of Hanjin Shipping is expected to cause difficulties with port operations and shipping lines for 2 to 3 months, the U.S. Department of Agriculture said in a report published on Thursday. The failure of the world's seventh-largest container carrier is also expected to delay processing of U.S. agricultural products and will likely increase costs of imported agricultural goods in South Korea, the agency said. (Reporting by Karl Plume in Chicago)
MN100: Northern Lights, Inc.
Founded in 1958, Northern Lights manufactures marine power generation, propulsion and air conditioning and refrigeration systems. The company’s products are distributed through a global sales and service network of over 340 dealers in more than 40 countries. Northern Lights manufactures marine generator sets from 5-500kW, designed to meet all current US EPA marine regulations. In April 2016, NLI opened its fifth branch office in Kenner, LA.
Romanian Trading House Declined to Ship Egyptian Wheat Over Ergot Rule
Romanian grain trading house Cerealcom Dolj said on Thursday it had declined to ship wheat to Egypt because of new rules about ergot fungus content, refuting reports that Egyptian inspectors had rejected a 63,000 tonne cargo. Traders said on Wednesday that Egyptian inspectors had rejected the wheat shipment in a Romanian port after checking for ergot, the first time difficulties with a cargo at a loading port had been reported since Egypt introduced a zero content level on ergot late last month.
Suezmax Delivered to Nordic American Tankers
Nordic American Tankers Limited (NAT) has taken delivery of a Suezmax new build tanker Nordic Star, built at Sungdong Shipbuilding & Marine Engineering Co., Ltd., South Korea.
Fitch Ratings Affirms Panama Canal's 'A' Ratings
Fitch Ratings has affirmed the following ratings for the Panama Canal Authority (ACP): Long-Term Issuer Default Rating (IDR) at 'A' and $450 million senior unsecured notes at 'A', reflecting the ACP's solid revenue profile and low leverage levels. Fitch Ratings highlighted that the Panama Canal provides unique connectivity and time savings for world maritime trade. In addition, Fitch Ratings stated that the rating outlook is stable…
Investment Cuts Slow Rebound for Offshore Oil Services -Bourbon
French oil services company Bourbon said on Thursday that any rebound in oil and gas prices will take a while to reach companies in the offshore marine sector because of deep cuts in investments during the prolonged oil downturn. Bourbon, whose fleet of about 513 vessels provides offshore services for oil and gas companies, said its net loss in the first half widened to 104.3 million euros ($117 million) compared with a net loss of 19.2 million in the same period a year ago.
Grounded Bulker Refloated in Mozamique
KOTUG provided salvage assistance to refloat the bulk carrier MV Gladiatorship after she ran aground just before high water in Nacala, Mozamique. The Bahamas flagged vessel was unable to refloat herself and at risk of being damaged by the drop between high and low water. KOTUG employed two Rotortugs to pull her free of the beach and back into safe waters, thus refloating the MV Gladiatorship within two hours of running aground.
US Weather Forecaster Reduces Outlook for La Nina
A U.S. government weather forecaster reduced its outlook on Thursday for La Nina conditions to develop during the Northern Hemisphere fall and winter 2016/17, saying neutral conditions were more likely. The Climate Prediction Center (CPC), an agency of the National Weather Service, said in a monthly forecast there was a 55 to 60 percent chance of El Nino-Southern Oscillation neutral conditions, after last month saying that La Nina conditions were slightly favored to occur.
ICS Chariman Sets Shipping Three Challenges
At the annual International Chamber of Shipping (ICS) Conference in London (September 7) – in the presence of IMO Secretary-General, Kitack Lim – the new ICS Chairman, Esben Poulsson, suggested that the shipping industry must respond proactively to three major challenges: maintaining the authority of IMO; addressing the legitimate demand for even greater levels of environmental protection; and making policy makers better aware of the industry’s existing achievements.
World's Largest Wind Turbines Installed off UK Coast
Dong Energy has installed the first of the world's largest wind turbines, which are taller and wider than the London Eye, at its Burbo Bank windfarm off the coast of Britain in the Irish Sea, it said on Thursday. The 32 turbines, made by Vestas, will each be able to generate 8 megawatts (MW) of electricity, stand 195 metres tall from sea level and have a rotor diameter of 164 metres. "This will be the first commercial deployment of the world's largest wind turbines…
MN100: Sherwin-Williams Protective & Marine Coatings
Sherwin-Williams Protective & Marine Coatings is a global provider of protective and marine coatings, offering a complete line of time-tested, high-performance coatings technologies to combat corrosion, protect assets, enhance personnel safety, and improve aesthetics. From more than 4,000 company-owned distribution points worldwide, Sherwin-Williams experts use market-specific knowledge to evaluate, recommend, and deliver the highest-performance coatings and linings to protect customers’ assets.
Damen, Fincantieri Potential STX France Buyers
Dutch group Damen shipyards and Italian group Fincantieri are the two potential buyers that have emerged for STX France, a shipyard subsidiary of the struggling South Korean group STX Corp, French daily Le Monde said on Thursday. "Two foreign candidates, Italy's Fincantieri and Holland's Damen are fighting over the last big French company of the (shipyard) sector," Le Monde said, citing several sources.
Kongsberg, Siemens Partnership to Deliver VFD
SMM 2016, Hamburg, 8 September 2016, Hall B6 Stand 104 – Kongsberg Maritime and Siemens have signed a partnership agreement based on delivery of components on Variable…
Essar’s Paradip Terminal Hits Record Throughput
Essar Bulk Terminal Paradip Ltd (EBTPL) has surpassed several of its own performance benchmarks in the first few months of the current fiscal. In the period, EBTPL…
ABB Digital Application for MXP Turbocharger Self-service Maintenance
The first digital application for condition-based maintenance of an ABB turbocharger has been developed for the new marine auxiliary turbocharger, MXPTM. Presented…
Alfa Laval PureSOx Platform Offers Dual-compliance
The Alfa Laval PureSOx platform is expanding to provide not only 0.1%S compliance for Emission Control Areas (ECAs), but also 0.5%S compliance with the coming global sulphur cap.
NAUTIS FMB Simulator for AKMI Cirebon
The Akademi Maritim (AKMI) Suaka Bahari Cirebon has selected VSTEP for the supply of one DNV Class A FMB Simulator to train its students in accordance with the latest…
Controversy on Hyundai Joining 2M Alliance
The world’s largest shipping alliance 2M partners - Maersk Line and Mediterranean Shipping Co (MSC) - have been quick to offer shippers an alternate service on…
K Line, The Next Takeover Target?
Speculation has been mounting on possible taking over the Japanese shipping company Kawasaki Kisen Kaisha (K Line). According to a FT report, analysts and investors…
