ITIC to Pay Continuity Credit for 21st Year in Succession
For the 21st year in succession, International Transport Intermediaries Club (ITIC) is to pay a continuity credit to all those members who renew their insurance cover during the 2016 policy year, which begins on June 1, 2016. The CEO of ITIC, Stuart Munro, explains, “ITIC’s board of directors is committed to reducing insurance costs wherever possible. The ongoing worldwide economic downturn, together with fiercely competitive conditions in the shipping and transportation sector…
Aussie Navy Opens Simulation Training Center
A state-of-the-art simulation facility has been opened in Sydney that will enhance training for Royal Australian Navy technical sailors. Chief of Navy, Vice Admiral Tim Barrett, AO, CSC, RAN, officially opened the $90 million Navy Training Systems Center at Randwick Barracks, and said the purpose-built facility would revolutionise how Navy prepares Marine and Electronic Technicians for their roles in the Fleet.
North P&I Warns of Risks of Reduced Generator Capacity
North P&I Club is advising its members to be aware of the potentially severe consequences of poorly maintained or overloaded on-board generators being unable to…
Port Manatee Container Volume Up 36%
Port Manatee’s growth as a cargo gateway continues, with the Florida Gulf port reporting a 36 percent year-over-year increase in containerized cargo handled in the first half of its fiscal year. During the six-month period from Oct. 1, 2015, through March 31, 2016, Port Manatee docks saw moves of 12,653 twenty-foot-equivalent container units (TEU), up from 9,321 TEUs in the comparable year-earlier fiscal half. Import TEUs led the way, increasing 40 percent, to 7,398 TEUs from 5,291 TEUs.
Australia and Indonesia Unite to Patrol Fisheries
Illegal fishing was the focus of a joint operation between Australia and Indonesia that concluded in Bali on April 5. The fifth coordinated maritime security patrol, AUSINDO CORPAT 2016, had elements of the Australian Defense Force unite with the Indonesian Armed Forces in the waters between Australia and Indonesia over the past 10 days to target the exploitation of natural resources, specifically illegal fishing.
China Rebuffs Vietnam Criticism of Rig Move
China's Foreign Ministry on Friday rebuffed Vietnam's second demand this year to move a controversial oil rig and drop plans to drill in South China Sea waters where jurisdiction is unclear…
Philippines gets U.S. Aid Boost amid South China Sea Spat
The United States has allocated more than $120 million in military aid to the Philippines this year, the biggest in about 15 years, a senior Filipino diplomat said on Friday…
Asia Tankers-VLCC Rates Fall on Reduced Demand
MidEast VLCC rates fall nearly 30 Worldscale points this week; port congestion in Basra, China adding to market uncertainty. Freight rates for very large crude carriers…
UN Deal Sends More Migrants to Turkey from Greece
Two ferries carrying more than 120 migrants returned to Turkey from the Greek island of Lesbos on Friday, in the second round of arrivals under an EU deal with Ankara…
Greece Seals Sale of Piraeus Port to COSCO
Greece is to sell its biggest port Piraeus Port Authority to shipping group China COSCO Shipping Corporation, marking the second major privatisation for the country since late last year.
J D Neuhaus Showcase SS Air Hoist Concept
Materials handling specialists J D Neuhaus (JDN) are set to present their concept study of a new stainless steel air hoist at the CeMAT 2016 international exhibition.
EMGS 1Q 2016 Vessels Update
Electromagnetic Geoservices ASA (EMGS) releases information on vessel activity and utilisation 4-5 working days after the close of each quarter. The Company defines…
Barge-Rail Effective, Draws Additional Trains to Portland Port
Piggybacking on the success of the Upriver Container Barge-Rail Shuttle program, Northwest Container Service announced they would increase rail service from twice a month to weekly starting in April.
Wärtsilä to Power 8 CSCL Containerships
Wärtsilä has been awarded a contract to supply its Wärtsilä Auxpac 32 generating sets for eight new 13,500 TEU container vessels being built for China Shipping Container Lines (CSCL).
Damen Delivers Reservoir Dredge Package
The Damen Field Service crew has just returned from commissioning the Barracuda cutter suction dredger in Algeria. The customised Damen Cutter Suction Dredger (CSD)…
MANSA’s "Ease of Doing Business" Conference gets Govt. Support
Ministry of Shipping, Government of India has extended its non-financial support to Mumbai and Nhava Sheva Ship Agents Association for its proposed conference on `Ease of doing business’ on Friday…
Production of First EnergySail Begins
Automated rigid sail set to bring back wind-assisted propulsion for shipping. Onomichi, Japan – 8th April 2016 – In another important step towards bringing its rigid…
EUROGATE Net Profit Up 13%
EUROGATE can look back on a good financial year, 2015. Despite difficult market conditions the European terminal operators Group increased its net profit by 13.4…
TS Taipei Grounding Spill Cleanup to Continue
Debunkering efforts continue for the TS Taipei, which grounded off Shimen, Taiwan last month, causing a large bunker spill after the vessel fractured in the middle.
Wan Hai Surpasses Maersk in Profit
The Taiwanese carrier Wan Hai takes the plaudits with carriers' operating profit margins according to Alphaliner’s survey of the 16 main carriers that published full year financial results for 2015.
