NYK Acquires Stake in Maher Terminals
Together with Macquarie Infrastructure Partners III (MIP III),* NYK Ports, NYK’s subsidiary company, has made the decision to invest in Maher Terminals (Maher), which operates a terminal in the U.S.
Dalstra Appointed CFO, Royal HaskoningDHV
The Supervisory Board of Royal HaskoningDHV has appointed Nynke Dalstra as Chief Financial Officer (CFO). Going forwards, the Executive Board consists of CEO Erik…
Genting Dream Christened in China
Dream Cruises, the first-ever Asian luxury cruise line, claimed its place in history here today when Genting Dream’s official Godmother, Puan Sri Cecilia Lim, the wife of Tan Sri Lim Kok Thay…
ZPMC gives Cranes a lift at APM LA Terminal
The tallest port crane in North America was recently raised to that height by ZPMC, which raised the crane 33 feet (10.08 meters) to prepare for Ultra-Large Container…
Hapag-Lloyd UASC Merger to Get EU Approval Soon
The planned merger between German container shipping line Hapag-Lloyd and United Arab Shipping Company (UASC) could be on the verge of gaining EU Antitrust approval, reported Reuters.
Naming Ceremony for CNCo Newbuilding
Following the naming of its new cement carrier, MV Aotearoa Chief, in New Zealand yesterday, The China Navigation Company (CNCo) christened its last newbuild, MV Tunsin…
Port of LA and GE Transportation to Digitize Shipping
The Port of Los Angeles and GE Transportation are partnering to digitize maritime shipping to help goods reach consumers faster. First-of-its-kind port information portal delivers fast…
Eimskip Acquires Nor Lines
Iceland-based Eimskip has agreed to acquire Norwegian shipping and logistics company Nor Lines. According to Eimskip, the operation of Nor Lines has been challenging…
$1.9 bln Shipping Rescue Package in Taiwan
Taiwanese government said it will provide 60 billion New Taiwan dollars ($1.9 billion) to support the country’s shipping industry, according to Reuters. The package…
Will Ballast Water Management Regs Trigger Tanker Scrapping?
Weakness in freight rates will increase tanker shipping demolitions over the next two years, with the trend accelerating in later years as a result of the IMO regulation on ballast water…
Focus on Maritime Security Measures at Guinea-Bissau Workshop
A range of maritime security scenarios are being played out in a table top exercise for officials in Bissau, Guinea-Bissau (14-16 November). Participants from Government…
Pasha Hawaii Set to Order Containerships
Honolulu-based Pasha Hawaii said the company narrowed its selection to two U.S. shipyards for the construction of two new Liquefied Natural Gas (LNG) fueled containerships…
Navy Ships out New Zealand Quake Survivors
Hundreds of survivors stranded by a huge earthquake that struck central New Zealand three days ago reached Christchurch by a naval ship early on Thursday, as engineers in the capital Wellington assessed the state of dozens of damaged buildings. Around 450 tourists and residents from the small seaside town of Kaikoura were taken by the New Zealand navy's multi-role vessel HMNZS Canterbury to Christchurch, the South Island's largest city, overnight.
BMT, Lester Franks Partner for BWTS Retrofit Engineering
BMT Design & Technology (BMT), a subsidiary of BMT Group Ltd, has announced a collaboration with Lester Franks, to provide a new service which will support ship owners in their response to the International Maritime Organization’s (IMO) ballast water management regulations which come into effect next year. Trevor Dove, BMT Design & Technology’s Maritime Engineering Lead, commented, “The fitting of…
Authorities Approve Stolt-Nielsen’s Jo Tankers Acquisition
Stolt-Nielsen Limited said it has it received competition authority approval to acquire the chemical tanker operations of Jo Tankers. The acquisition is expected…
Maersk Drilling to Pilot GE’s Marine Data Analytic Tools
GE and Maersk Drilling have partnered for a data analytic-driven pilot project that aims to increase Maersk’s drilling vessels’ productivity and reduce maintenance costs by up to 20 percent. The two companies have collaborated to deploy SeaStream Insight, GE’s latest innovation in marine asset performance management, powered by Predix. The pilot project will be carried out on one of Maersk Drilling’s XLE rigs and will last for 12 months.
Tampa Bay Ferry Pilot Program Underway
HMS Ferries, Inc. has begin a passenger only ferry pilot project in the Tampa Bay, Fla. area, called the “Cross Bay Ferry.” The six-month pilot project was launched on November 1, 2016 and will connect the cities of St. Petersburg and Tampa, and end on May 1, 2017. The pilot project is a unique, regional effort designed to demonstrate water transportation technology and service options to the residents and businesses of the Tampa Bay region. The Cross-Bay Ferry is a collaboration between St.
USCG Approves Subchapter M Internal Auditor Course
SafeMARINER, LLC and the ACTion group’s Marine Internal Lead Auditor (MILA) course has been audited by a third-party registrar and is now recognized as the first…
Rolls-Royce CEO Says Not Happy with Pace of Change
The boss of Rolls-Royce wants to speed up change at the British engine maker, which is battling to recover from a string of profit warnings, saying more needed to be done to increase the group's resilience in the face of uncertain conditions. The British company, which makes engines for fighter jets, commercial aircraft, ships and nuclear submarines, is one year into a programme to cut costs and simplify operations after a slowdown in several markets hit profits.
US Post-election Shipping Rally Raises Interest, Questions
Shares of U.S. shipping companies shot higher again on Wednesday, causing volatility halts in a number of stocks and raising questions among investors and analysts over the extent of their sharp post-election rally. The jump in share prices and unusually heavy trading volume even surprised analysts who follow the stocks, although some said the gains appeared to result in part from optimism that commodity demand would increase under President-elect Donald Trump.
