Maersk Consolidates in South America to Cut Costs
Maersk Line, the world's largest container ship operator, said on Wednesday it was consolidating operations in Brazil, Paraguay, Argentina and Uruguay to cut costs amid falling freight rates.
Gasoline Traders Begin Using Floating Storage
At least two tankers booked in recent days; Gasoline stocks at record high in Europe, U.S. Traders have begun storing gasoline on tankers off the coast of Europe…
Greece Names Cosco Preferred Piraeus Port Bid
Greece named China's Cosco as the preferred investor for the acquisition of a 67-percent stake in the country's biggest port, Piraeus , its privatisation agency (HRADF) said on Wednesday.
Norstar to Launch JV
The tanker company Norstar is setting up a new Commercial Management joint venture based in Westport Connecticut USA named Norstar Chartering (USA) LLC. The new…
MacGregor Pusnes Loading Systems for Cosco Shipyard
By combining well-proven MacGregor Pusnes technology in bow loading and offloading systems, MacGregor, part of Cargotec, has helped to develop a solution that enables…
Danaos' Performance Better
Danaos Corporation one of the world's largest independent owners of containerships, today reported unaudited results for the fourth quarter and the year ended December 31, 2015.
Update on Hiab's iLoad Project
Hiab, part of Cargotec, reports on the results of the iLoad project, which received EUR1.4 million funding from the EU's Industrial and Academy Partnerships. The…
Wärtsilä Designs Deepwater DSV for China
Wärtsilä has signed a contract with Shanghai Bestway Marine Engineering Design Co Ltd to design a new type of deepwater dive support vessel (DSV). The ship is to…
15 Carriers Agree to EU's GRI Modifications
15 container liner shipping companies have said they will stop publishing and communicating general rate increases (GRIs) that are expressed solely as an amount or percentage of the change…
Megaship Benjamin Franklin to Call at Seattle and Long Beach
In a history-making run, the largest container ship CMA CGM Benjamin Franklin will arrive in Seattle Monday, Feb. 29 after visits in Long Beach and Oakland, California.
Is Cosco's Orderbook Healthy?
While Cosco’s orderbook of US$8 billion seems hefty, the shipbuilding contracts are of low value, says a report in SBR. The orderbook may do the company more harm than good.
European Shipowners Showcase Short Sea Shipping
The European Community Shipowners’ Associations (ECSA) presented its new brochure on the merits of short sea shipping during a high level meeting organised by the Dutch Presidency of the Council.
Hoegh LNG Pulls Out of FLNG
Norway's Hoegh LNG Holdings is putting its floating LNG (FLNG) development activities on hold and to allocate all resources and capital to its core business, FSRUs…
CAI International Reports 4Q Loss
San Francisco, California-based CAI International Inc. (CAI) has reported a fourth-quarter loss of $12.6 million, compared to the profit in the same period a year earlier.
SENNEBOGEN: The ‘Purpose’ Behind ‘Purpose-built’
SENNEBOGEN LLC has recently launched its new website, designed to turn the spotlight onto the users and the applications for purpose-built material handlers throughout the Americas. The new design provides a versatile platform that will allow the website to continue growing and adding new services to support its dealers and customers. SENNEBOGEN’s focus is clearly more on people here, not just machines.
Three Saved from Sinking Tug near Boston
The U.S. Coast Guard has established a safety zone east of Deer Island following the sinking of a 55-foot tug boat, Emily Anne, Tuesday morning. Forced to abandon their sinking vessel…
Port of Houston Ups Refrigerated Cargo Capacity
The first phase of a 300,000-square-foot temperature-controlled cargo facility will be built at the Port of Houston Authority’s Bayport Container Terminal by AGRO Merchants Group…
ABS to Provide Verification Services for Offshore Wind Farm
ABS Group Ltd. has received a contract to provide third-party certification and design verification services for Hexicon AB for the planned Dounreay Tri Floating…
US Coast Guard Hearing Probes El Faro Sinking in Hurricane
The captain of the U.S. cargo ship that sank off the Bahamas in a hurricane last fall, killing all 33 people on board, was responsible for decisions that put the vessel in the path of the storm, a shipping company executive testified on Tuesday. Captain Michael Davidson, a veteran mariner from Maine, was at the helm of the 790-foot (241-meter) El Faro for its doomed cargo run between Florida and Puerto Rico. The ship disappeared on Oct. 1 after he reported losing propulsion and taking on water.
Canadian Shrimp Boat Repowered by YANMAR
When it came time to replace the engine in the shrimping boat R.J.H. No. 1 operating in the Gulf of St. Lawrence and GaspéPeninsula in Quebec, mechanical simplicity, reliability and improved fuel economy led the vessel’s owners to opt for a YANMAR 6AYM-WST repower. Installed in 2015 by YANMAR dealer Enterprises Maritimes Bouchard, Inc. and supported by YANMAR distributor Diesel-Bec, the new 6AYM-WST engine runs at 659 mhp 1900min-1 coupled with a Twin Disc MG 518 ratio 5.92:1 marine gear.
