Ship Breaking Activity Grows Slowly but Steadily -BIMCO
Global ship demolition activity rose by 16 percent in the first nine months of 2016 in comparison to the same period of 2015, showcasing shipping industry action to counter the imbalance between supply and demand in the market, according to BIMCO. However, diminishing demolition activity from March through July was bad for the recovery of the market. But could the recent increase in August and September be seen as a mild sign of hope?
HSH Nordbank Seals Charter of Hanjin Ships to Maersk
Germany's HSH Nordbank has arranged a deal which will see six container ships from collapsed South Korean line Hanjin chartered out to Denmark's AP Moller Maersk, the state-backed lender said on Thursday. This is one of the first examples of Hanjin's lenders looking to resolve the fallout from the shipping firm's collapse in August, which has left an estimated $14 billion in cargo stranded on its ships.
Wärtsilä EGC Gets First Flag Approval in Asia
The Singapore flag state authorities have approved Wärtsilä's exhaust gas cleaning (EGC) systems, making it the first EGC to be approved by an Asian flag authority.
NAT Orders Three Suezmax Tankers
Nordic American Tankers Limited (NAT) said it has entered into agreements with Korean shipyard Samsung Heavy Industries Co., Ltd. for the construction of three Suezmax tankers of about 157…
“Ottantacinque” Wins German Design Award
“Ottantacinque”, the concept of the latest-generation luxury mega yacht developed in partnership between Fincantieri Yachts and Pininfarina, introduced last year at the Monaco Yacht Show…
LR Joins Collision Avoidance Research for Autonomous Ships
LR is participating in the MAXCMAS project, a £1.27million collaborative research project that aims to investigate, develop and implement real-time collision avoidance…
Navig8 Tankers Add New Vessel
Navig8 Chemical Tankers Inc. an international shipping company focused on the transportation of chemicals, today announced that it has taken delivery of the Navig8 Stellar…
SA Ports Gears for Cruise Season
South Africa’s ports are ramping up for another busy cruise season with at least14 luxury cruise lines and 20 vessels of varying sizesset to ferry international…
Reliance Inaugurates New Ethane Carriers
In a ceremony held in Geoje (South Korea), Indian's largest private sector company Reliance Industries Limited (Reliance) inaugurated its very first two VLEC (Very Large Ethane Carrier)…
Hyundai Heavy Turns to Black in Q3
South Korean shipyard Hyundai Heavy Industries emerged from the third quarter with a black bottom line, although with a smaller profit than in the previous quarter…
Port Security Training Drills in Argentina
The Naval Prefecture Argentina, following the guidelines of the Ministry of National Security, held this morning the annual exercise PEMADOCK (Plan Major Emergency…
Arctic Indigenous Leaders Meet IMO Secretary-General
The safety and environmental impact of arctic shipping was on the agenda as International Maritime Organization (IMO) Secretary-General Kitack Lim received a delegation…
MSC Updates 5 Services between Asia and N.America
Mediterranean Shipping Company (MSC) has announced revisions to its five services operating between Asia and USA West Coast/Canada. In an effort to provide improved services to our customers…
Statoil Aims for at Least 10% of Coming Brazil Gas Market
Norwegian oil company Statoil ASA hopes to have 10 to 15 percent of Brazil's natural gas market in coming years, Pal Eitrheim, the company's most senior executive in the country…
US Awards $4.85 Mln for Waterways Projects
U.S. Transportation Secretary Anthony Foxx today announced $4.85 million in grants to six Marine Highway projects along the waterways of 17 states and the District of Columbia.
De Nora Bags Repeat BWTS Order from OSG
Electrochlorination equipment supplier De Nora has received an order from tanker company Overseas Shipholding Group (OSG) for its BALPURE ballast water treatment systems (BWTS). OSG will retrofit the proprietary slipstream electrochlorination BWTS on four 69,000 DWT chemical and oil product tankers within the first half of 2017. De Nora will supply its BALPURE BP3000-C system, which can treat up to 3…
Great Lakes Iron Ore Trade Down in September
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 5,258,269 tons in September, a decrease of 5.6 percent compared to a year ago, the Lake Carriers’ Association reported. Shipments trailed the month’s five-year average by even more, 15.3 percent. Shipments from U.S. Great Lakes ports totaled 4,916,787 tons in September, an increase of 60,544 tons, or roughly one load in a 1,000-foot-long U.S.-flag laker.
Obama Taps Foss VP for USMMA Board
Susan Hayman, Foss Maritime VP of HSQE & External Affairs, has been nominated by President Barack Obama to the United States Merchant Marine Academy's (USMMA) Board of Visitors. This key administrative post is for a term of two years, commencing at the beginning of each Congress. The board is made up of Congressional representatives and Presidential appointees, including two alumni. It provides oversight, advice and recommendations on matters relating to USMMA.
Northern Lights, HUG Engineering Partner on Clean Power
Marine generator sets manufacturer Northern Lights, Inc. (NLI) has formed a partnership with exhaust after-treatment equipment manufacturer HUG Engineering to provide…
Maritime Trivia is Coming to MarineLink
MarineLink.com will soon begin posting a monthly maritime trivia question courtesy of The Marine Art of J. Clary. When a question is posted on MarineLink.com, simply email your guess to [email protected]. The first person to answer correctly will receive a J. Clary collector print. All are welcome to guess, though only participants in the continental U.S. are eligible to receive the prize. Check back next week for the first trivia question!
