Port Industry Expects Growth in 2016
At the 12th annual “Pulse of the Ports Peak Season Forecast,” panelists told the audience of about 550 people that cargo growth should continue through 2016 even though uncertainty remains as the economy and industry continue to evolve. One of the panelists, Senior Economist Mario Moreno, IHS Maritime & Trade, stated that containerized imports from Asia will grow at about 5.5 percent in 2016. He also stated that the overall U.S. economy would grow by about 2.3 percent.
Swedish Club: Consistent Underwriting in Challenging Year
The Swedish Club reported to its board today that it has achieved a consistent 2015 underwriting performance with financial stability and cost-efficient quality services for its members.
Baltic Index Perks up on Capesize Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday on bigger gains for the capesize index and…
Flag of Convenience Hearings Raise ‘Shocking Concerns’
The International Transport Workers’ Federation (ITF) maritime coordinator Jacqueline Smith today described the Australian senate hearings into flag of convenience…
Norwegian Orders New Cruise Ship from Fincantieri
Norwegian Cruise Line Holdings (NCLH) has ordered a second ultra-luxury cruise ship for its Regent Seven Seas Cruises brand from shipbuilder Fincantieri, in an agreement worth €422 million.
This Day In Naval History: March 31
1854 - Commodore Matthew C. Perry and Japanese officials sign the Treaty of Kanagawa, opening trade between U.S. and Japan. The treaty also provided protection for American merchant seamen wrecked in Japanese waters. 1917 - Rear Adm. James H. Oliver takes possession of the Danish West Indies for the United States, and they are renamed the U.S. Virgin Islands. He also becomes the first governor of the islands under American control.
Vale Says Mitsui Not Reconsidering Mozambique Coal Venture
Brazil's Vale SA, the world's No. 2 mining company, said on Thursday that partner Mitsui & Co Ltd has no plans to revise the terms of a coal venture project in Mozambique, as reported by a newspaper.
CIMAC Announces its New Board
A new CIMAC Board is due to come into force at the completion of the CIMAC World Congress in Helsinki in June 2016 for the customary three-year tenure, 2016-2019.
Bulgarian Navy to Add Two New Ships by 2022
Bulgaria's navy is preparing to acquire two fully equipped multifunctional ships by 2022 in a deal estimated to cost about 820 million levs ($477.80 million), Defence…
Innovators and Record-breakers Headline Marine Power Conference
‘Next Generation Marine Power & Propulsion’ is a fast moving networking event that focuses on viable solutions for vessels of all sizes. More than 20 expert speakers will highlight a range of unique opportunities. The program covers three phases; ‘Here and Now Technology’ - considers how the U.K. and global marine industry can utilize the latest engineering. ‘Next Generation Systems’ - are within a few years of commercial release.
Vesper Updates XB-8000 AIS Transponder
Vesper Marine announced today that its XB-8000 Class B AIS has a software update available for all new and existing owners, incorporating new features and capabilities to enhance marine safety. The XB-8000 is an upgradeable AIS platform, designed to be compatible with a continuous stream of feature updates, adding a host of new and unique capabilities. The most recent update makes it the first AIS…
RMS Report Examines Marine Risk, Cargo Modeling
RMS has published a new report examining the current state of cargo modeling in the marine market, and providing a new cargo-specific approach to the assessment of vulnerability and port accumulation.
Damen Orders AlphaBridge for Its First SOV
Alphatron Marine has signed a contract with the Damen Shipyards Group for the delivery of the AlphaBridge including an IT and entertainment package for the first Service Operations Vessel (SOV), providing comfort and safety to the offshore and wind industry. The new vessel, Bibby WaveMaster 1, is being built at Damen Shipyards Galati in Romania with expected delivery in January 2017. The vessel is a custom designed 90-meter-long SOV…
Fleet Resource Management Takes a Step Forward
Ship owners, managers, operators, flag states and training academies have partaken in extensive discussions on how to create a single, shared data environment for ship, shore, traffic control and training schools, during the closed forum organized by Transas at the CMA Shipping 2016 this month. This convening follows the launch of the Transas Harmonized Eco System of Integrated Solutions (THESIS) vision in January this year.
APM to Operate High Tech Tangier Terminal
The world's third largest port operator APM Terminals said it will invest 758 million euros ($858.3 million) in a new transhipment terminal in Tangier, Morocco,…
G6 Alliance Announces Asia-Europe Shuffle
Members of the G6 Alliance, including APL, Hapag-Lloyd, Hyundai Merchant Marine, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Orient Overseas Container Line, have announced…
Asia Dry Bulk-Capesize Rates Firming
Stable cargo flow needed to push rates higher; half of capesize vessel deliveries delayed in Q1. Freight rates for large capesize dry cargo ships on key Asian routes…
Fincantieri Delivers Koningsdam to Holland America Line
Holland America Line’s newest ship Koningsdam was delivered today at Fincantieri’s shipyard in Marghera. The new ship will officially be presented on Saturday April 2 in a Handover Ceremony. At 99,800 gross tons, almost 300 meters long, with accommodation for up to 2,650 passengers on board in more than 1,300 cabins, 70 percent of which with private balcony overlooking the sea, the new unit will not only be a new Pinnacle class ship…
China: No Need to "gesticulate" over South China Sea
China's Defence Ministry denounced as gesticulation on Thursday speculation it would declare an air defence zone over the disputed South China Sea, after the United…
Bangladesh Inks LNG Deal with Excelerate
Bangladesh on Thursday signed a deal with Texas-based Excelerate Energy to build its first floating terminal for importing liquefied natural gas (LNG) as it looks to ease chronic energy shortages.
