Yang Ming to Float 500 mln Shares
The Taiwanese ocean carrier Yang Ming Marine Transport will make a public offering of 500 million shares as part of the company's ongoing recapitalization plan,…
CSSC to Build Research Vessels
China's government controlled China State Shipbuilding Corp (CSSC) is going beyond building navy vessels and making advanced scientific research ships, Xinhua reported.
DP World, Indonesian Government Sign Pact to Develop Ports
DP World and Indonesian government and port officials signed an agreement to advise on the development of the Kuala Tanjung greenfield port and logistics zone and Belawan port in North Sumatra.
AHHI Insures 1,900 Vessels in First Year
Cyprus-based American Hellenic Hull Insurance (AHHI) surpassed key targets during its first year of operation: 1,900 insured vessels, written premium income exceeded…
Lundin Extends Contract for Ocean Rig
Ocean Rig UDW, contractor of offshore deepwater drilling services, has announced that Lundin Norway AS, has declared their third option to extend the existing contract of the Leiv Eiriksson.
GOGL Adds Dry Bulk Vessel
Golden Ocean Group (GOGL) says that it has taken delivery of one dry bulk vessel, Q Deb. "GOGL announced that it has entered into agreements to acquire 16 modern…
APL Reports 48% CO2 Emission Reduction in 2016
APL has announced its highest recorded fleet carbon dioxide emissions reduction of 48 percent in 2016, compared to its base level in 2009. Verified by Lloyd’s Register…
Port of LA Sets FY Cargo Volume Record
The Port of Los Angeles reports it has closed its 12-month fiscal year with total cargo volumes of 9.2 million twenty-foot units (TEUs), a new annual record for most container throughput for a Western Hemisphere port. Volumes increased 8.1 percent in June compared to the same period last year, marking the second busiest June in the port’s 110-year history. “As we mark the midpoint of 2017, we are grateful to our terminal operators…
The Strong and Silent Type
Mapping and shaping the growth of marine hybrid means many things to different stakeholders. The journey leads us all to the same place. If you follow the advancements in automotive design, the term or tag “hybrid” has come to define the alternative energy movement on our roads and highways. HEV autos have moved past Ford and GM in Detroit and into the hands of contemporary entrepreneurs and inventors the likes of Tesla’s Evan Musk or Dr. Victor Wouk.
MarQuip Builds Exhaust with Silencer and SCR
Manufacturer of underwater exhaust outlets and water-cooled exhaust systems MarQuip said it is creating a marinized IMO TIER III-certified exhaust system for an Italian shipyard. Working in close cooperation with its partners, the Dutch company has developed a fully custom module silencer/SCR system that will combine the working principles of Selective Catalytic Reduction – which eliminates most harmful NOX compounds – with highly efficient noise reduction.
Total: Congo Crude Exports Unaffected by Port Strike
French oil and gas company Total said on Monday that crude exports from its Djeno terminal in Congo Republic was ongoing and unaffected following a strike last week…
Labor Agreement Reached at Newport News Shipbuilding
Huntington Ingalls Industries (HII) said United Steelworkers Local 8888 members at its Newport News Shipbuilding division have voted 1,985-131 in favor of a new labor agreement. The new contract will run through November 14, 2021. “This offer is fair, competitive in the industry and respectful of the needs of our great shipbuilders,” said Susan Jacobs, Newport News’ vice president of human resources and administration.
Researchers Study Hull Biofouling and Spread of Invasive Species
A new study seeks to determine the extent to which biofouling on ships’ hulls is contributing to the spread of invasive aquatic species in the Mediterranean Sea – a phenomenon commonly associated with ship ballasting operations. According to recent research published by Tel Aviv University’s School of Zoology, half the ships passing along the Mediterranean coast of Israel are carrying invasive ascidians, presenting a global threat to ecosystems around the world. TAU’s Dr.
ABS Updates Advisory Ahead of 2020 Global Sulfur Cap
ABS said it has updated the ABS Advisory on Exhaust Gas Scrubber Systems (Scrubber Advisory) to help industry prepare for IMO’s 2020 global sulfur cap. Central to…
5 Types of Container Weighing Systems for Ports and Terminals
Every port and terminal facility needs weighing systems for containers. Weighing is critical in several processes in ports where accurate readings are paramount. To achieve this, the following weighing solutions can be incorporated. Weighbridges offer a vehicle weighing solution that may be placed at entrances and exits of the ports and terminals. An incoming truck can drive over the weighbridge and the total weight will be registered immediately.
GOC, Nigerian Army 81 Division Visit to DG, NIMASA
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stressed the strategic importance of security agencies to the achievement of safe and secure shipping and a viable and vibrant maritime sector for the country’s benefits. The Director General who stated this while playing host to the General Officer Commanding (GOC) 81 Division of the Nigerian Army…
StormGeo Receives EU MRV Certification
StormGeo’s shipping division (formerly AWT) has received its certification as an EU MRV supplier by Verifavia Shipping. The European Union’s decision to monitor…
CMA CGM, SEATRADE Launch Joint Reefer Service
Container shipping firm CMA CGM Group and reefer transport specialist SEATRADE Group will together create a new vessel sharing agreement incorporating the services known by CMA CGM as PAD and by Seatrade as MERIDIAN, linking Northern Europe, the East Coast of the U.S., Central America, the Pacific Islands, Australia, New Zealand, Peru and the Caribbean on a weekly basis. The new service, expected to launch in October 2017…
James Troop Celebrates 150th Anniversary
Liverpool diesel-engine sales and maintenance specialists James Troop & Co is celebrating its landmark 150th anniversary with a surge in new business and export sales. The family-run company based in Runcorn is one of Liverpool’s longest-standing maritime and industrial businesses. It is reporting a 27pc sales hike on last year’s figures between January to June. Growth has steadily been recorded across the board with a notable increase in servicing work…
Smaller Tonnage Buoys Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday, tracking gains across panamax and smaller vessel segments.
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