Multipurpose Shipping Freight Rates Expected to Improve
The multipurpose shipping market will see the first signs of recovery by the end of 2017, following in the steps of the dry bulk and container shipping markets, according to the latest Multipurpose Shipping Market Review and Forecaster report published by global shipping consultancy Drewry. Dry cargo demand is weak but strengthening with multipurpose shipping market share expected to grow at just under 2% per year to 2020.
Wison Launches Floating LNG Power Plant Solutions
Wison Offshore & Marine has developed a range of solutions for floating power supply. With design philosophy of “plug-in power”, all products which are named W-FSRP series (Wison-Floating Storage Regasification and Power generation) feature integrated functions of LNG loading and storage facilities, regasification and power generation. The smallest unit starts at 10MW capacity, while the largest accommodates an 800MW power plant.
Ship-to-shore Cranes Shipped via The Northern Sea Route
HANSA HEAVY LIFT has transported the first-ever ship-to-shore (STS) cranes via the Northern Sea Route (NSR), relocating them from the port of St Petersburg to the port of Vostochny, spanning both the European and Far East regions of Russia. HHL Valparaiso is the first vessel to sail open hatch through the Northern Sea Route, which is covered by thick ice for most of the year and has a limited window of about two months open to cargo voyages.
China's Flattop "Tests Weapons" in South China Sea
A group of Chinese warships led by its sole aircraft carrier is testing weapons and equipment in exercises this week in the South China Sea that are going to plan…
Boxship Collision Causes Oil Spill on Singapore-Malaysia border
Nearly 300 tonnes of oil spilled into the narrow strait separating Singapore and Malaysia after a collision between two container vessels, the Singapore Marine Port Authority (MPA) said on Wednesday.
Maersk, Alibaba Team up to offer Online Booking
Maersk, the world's largest container shipping line, has teamed up with Alibaba to allow customers to reserve space on its vessels through the Chinese company, illustrating…
France Supports Fincantieri's STX Bid
Hard to say 'Non' to Italian company's bid, says Sirugue; France keen to keep Saint Nazaire site running. A leading French minister expressed support on Wednesday…
Oil Spill after two Container Vessels Collide near Johar
At about 2350 hrs on 3rd January 2017, the Maritime and Port Authority of Singapore (MPA) was notified by the Johor Port Authority (JPA) of a collision between Singapore…
Christian Heads New Orleans Port as President & CEO
The Board of Commissioners of the Port of New Orleans has announced that, effective Jan. 1, 2017, Brandy D. Christian has begun service as the Port’s president and…
Metal Shark Makes Multiple Latin American, Caribbean Deliveries
Louisiana-based boatbuilder Metal Shark has announced several new contracts with Latin American and Caribbean operators, further expanding the company’s presence in the region.
Chakraborty Appointed Branch Manager, GAC Bangalore
GAC Shipping (India) Pvt Ltd has appointed Mukesh Chakraborty as the Branch Manager, Logistics Services for its Bangalore office. Mukesh brings 13 years of experience in freight forwarding…
ISS Expands Business with Team Tankers International
Inchcape Shipping Services (ISS), the world’s leading maritime and logistics service provider, has greatly expanded its European business with Team Tankers International…
Russia Plans Maritime Drills with Philippines
Russia sent its anti-submarine destroyer and a replenishment oiler to the Philippines in a bid to hold maritime exercises with the latter, according to various media reports.
China COSCO Shipping Buys Shanghai Rural Commercial Bank
Australia & New Zealand Banking Corp (ANZ) has agreed to sell its 20 percent stake in Shanghai Rural Commercial Bank (SRCB) for US$1.33bn. China Cosco Shipping Corp…
Global Container Fleet Market to Grow 3% in 2017-21
A report forecasts the global container fleet market to grow at a CAGR of 3.19% during the period 2017-2021. The report says key vendors in the market are Maersk, CMA CGM & MSC.
Carmanah Acquires EKTA Marine Aids
Carmanah Technologies Corporation has completed the acquisition of the EKTA marine aids to navigation assets from Cybernetica AS of Estonia. The company had previously…
DryShips Closes New Revolving Facility from Sifnos
DryShips Inc has signed definitive documentation with Sifnos Shareholders Inc for the previously announced refinancing of the majority of its outstanding debt under…
Trump Names China Critic Lighthizer as US Trade Rep
U.S. President-elect Donald Trump on Tuesday named Robert Lighthizer, an official in the Reagan administration and harsh critic of China's trade practices, to be his chief trade negotiator, responsible for better deals aimed at reducing U.S. trade deficits. Trump, who promised during his presidential campaign to renegotiate international trade deals like NAFTA and punish companies that ship work overseas…
OPC: Making Naval History
In September, 2016, an U.S. shipyard and the Canadian design business of an Italian-owned Norwegian shipyard won the largest vessel procurement contract in U.S. Coast Guard history. Now, Eastern Shipbuilding will build nine — and possibly many more — Vard Marine designs in its Panama City, Fla., shipyard. Early impressions are of a unique vessel not so unlike comparable European designs by Vard Holdings or parent company Fincantieri.
Op/Ed: Opportunities for US Shipyards in 2017 and Beyond
SCA’s Matt Paxton weighs in on the state of domestic shipbuilding – workboat building & everything in between. As President of the Shipbuilders Council of America, the national trade association representing the U.S. shipyard industrial base, we are constantly evaluating the status of the nation’s commercial vessel building and repair base. American shipyards continue to build to the highest standards for diverse range of customers.
