The Perfect Storm of Digitalization and Commoditization
Frank Coles, Transas CEO, delivered the keynote speech at the Transas Global Conference in Malta. We are faced with the perfect storm in the next few years. Many will conclude it is all the fault of President Trump, but in fact it is actually nothing to do with him. If anything he is going to enable the industry to think smarter because he is also bringing change. The perfect storm is the one confronting the maritime industry.
DHT Sells 18-year-old VLCC for $19.1 Mln
Crude oil tanker owner and operator DHT Holdings, Inc. said it has entered into agreement to sell the 1999-built very large crude carrier (VLCC) DHT Phoenix for $19.1 million.
Pilbara Marine Orders 6 Rotor Tugs
Pilbara Marine Pty Ltd, a wholly owned subsidiary of Fortescue Metals Group Ltd has placed an order with Damen Shipyards for the building of six, 32-meter Rotor Tugs. These will be deployed at the company’s operations at Port Hedland on Australia’s west coast, the world’s largest bulk export port. From there, Fortescue exports 165-170 million metric tons of iron ore per year. The six tugs are of the ART 85-32W class, designed by Robert Allan Ltd.
Maersk, Denmark Close In On North Sea Oil Deal
Oil and shipping conglomerate A.P Moller-Maersk could land a deal with the Danish government on oil and gas operations in the North Sea within days, political sources with knowledge of the negotiations told Reuters on Tuesday. The deal will secure continued production in the Danish part of the North Sea and is seen as crucial for Maersk as it seeks to focus its operations on the North Sea and spin off its energy assets via a listing or merger.
SM Line Launches New Shipping Services
South Korea's new container carrier, SM Line, which is built mainly on the remains of collapsed Hanjin Shipping, plans to kick off operations with as many as nine routes this year.
Hanjin Shipping to be Delisted Today
Hanjin Shipping, once the country's top shipping line, will be delisted from the domestic bourse today (March 7), ending its eight-year trading history, Yonhap…
G2 Ocean Given All Anti Trust Approvals
The US Department of Justice has approved the establishment of G2 Ocean. Authorities in Poland, Germany and Brazil have already approved G2 Ocean. This means the…
Chidambaranar Port Trust Celebrates Safety Week
46th Safety Week Celebration was inaugurated in V.O. Chidambaranar Port. The Safety Week Celebration for the year 2017 commenced with the flagging off of safety procession by U.
S. African Watchdog Seeks Penalty Against K-Line
South Africa’s competition watchdog is seeking to fine Japan’s Kawasaki Kisen Kaisha (K-Line) as much as 10 percent of its annual revenue in the country for colluding…
US, Japan to Participate in MultiSail 2017
The U.S. Navy and Japan Maritime Self-Defense Force (JMSDF) are participating in the annual bilateral training exercise MultiSail 2017, March 6-10. Participants include six U.S.
DryShips Opts for Second VLGC Newbuild
DryShips Inc., owner of ocean going cargo vessels, said it has exercised its second option under a previously announced option agreement to acquire up to four very…
Ice Kings: Model Testing Ship-ice Interactions
Model testing ship-ice interactions in the St. In a cavernous room in the heart of a research center in St. John’s, Newfoundland at 8 am, the air temperature is -20 C while the water temperature is hovering at zero. National Research Council of Canada (NRC) staff are preparing the Ice Tank to test the integrity of a newly designed ship’s hull and propulsion system by subjecting a model to a battery of maneuvers and encounters with ice.
Harley Marine Christens Earl W Redd
Harley Marine Services christened its newest tractor tug Earl W Redd, officially welcoming her to the fleet on Friday, February 10. Built at Diversified Marine of Portland, Ore., the Earl W Redd features twin Cat 3516 Tier 4 Final main engines that will each produce 2,675 horsepower at 1,600 rpm. Each of the engines is paired with a selective catalytic reduction (SCR) after treatment system that uses…
A New Tug Class for Med Marine
Construction will soon commence on the first of a newly designed variant of the RAmparts series of tugs from Robert Allan Ltd., the RAmparts 2300-MM, developed exclusively for Med Marine to be built at its shipyard in Turkey. The new tug will be the first of six vessels expected to be completed within the next 2-3 years, with the leading vessel expected for delivery in late 2017. The signing ceremony for the new contract took place on February 9 at the Med Marine Head Office in Istanbul, Turkey.
ABB: Propelling the Polar Cruise Boom
Leveraging its experience in the distinct polar and cruise vessel segments, ABB and its Azipod are at the forefront of the booming polar passenger vessel market. As world travelers continually seek access to more exotic and exciting destinations, evolving cruise shipping trends have triggered an order boom for passenger vessels capable of plying some of the most treacherous Arctic and Antarctic routes.
Top 10 Container Ports by Volume
It comes as no surprise that the world’s top 10 container ports by TEU volume are all located in Asian countries. Seven of those top ports are Chinese, with Shanghai leading the way with 36.54 million TEU in 2015, according to data compiled by the World Shipping Council. At number 11 globally, Rotterdam (12.23 million TEU) just missing cracking into the top 10 but ranks as the top European port. Los Angeles (8.16 million TEU) is the top container port in the Americas, and 19th in the world.
ShipConstructor Drives Automatic Welding Robots
The last barrier to robotic shipbuilding has just fallen. What comes next will be truly exciting. It wasn’t too long ago that SSI and Wolf Robotics demonstrated…
OP/Ed: New Year, New Opportunity
The start of a new year often brings change, but in the nation’s capital, 2017 means a new President and Administration, and a new Congress. Waterways Council, Inc.’s objective remains the same as it has since our start in 2005: to advocate for a modern, efficient and reliable inland waterways transportation system. For WCI, achieving this means working from our “three-legged advocacy stool” approach to educating these new Washingtonians through direct lobbying…
ALMACO to Deliver Project Resolve Superstructure
Canadian shipbuilder and industrial fabricator Davie Shipbuilding has awarded ALMACO Group the contract for the delivery of the superstructure of Project Resolve, a Navy AOR vessel, the first project carried out as part of ALMACO and Davie’s cooperation and technology transfer. The vessel’s superstructure will be delivered by ALMACO as a single structure to be integrated to the hull at the Davie shipyard.
IBM, Maersk in Blockchain Tie-up for Shipping Industry
IBM and Danish transport company Maersk said they were working together to digitize, manage, and track shipping transactions using blockchain technology. The technology, which powers the digital currency bitcoin, enables data sharing across a network of individual computers. It has gained worldwide popularity due to its usefulness in recording and keeping track of assets or transactions across all industries.
