One Million Ship Containers Missing after P&R Insolvency
Managers of insolvent P&R Group are being investigated after it was discovered the investment firm sold nearly one million more shipping containers than it owned, the Munich prosecutors' office said on Thursday.Once the world's biggest lessor of shipping containers, P&R sells containers to investors and its sister company in Switzerland rents them out to shipping companies.P&R later buys back the containers from investors.P&R, which is based near Munich, has sold some 1.6 million containers to a
Maersk: Disappointing Q1 Earnings Hit Share Price
A.P. Moller-Maersk missed first-quarter profit expectations on Thursday and warned that political and trade tensions clouded the outlook, sending shares in the world's biggest container shipper sharply lower.Earnings before interest, tax, depreciation and amortization (EBITDA) for the three months to March 31 rose 5 percent to $669 million but came in well below the $852 million forecast by analysts…
INTTRA Adds Salam Pacific Indonesia Lines to its Carrier Network
INTTRA, the largest neutral network, software and information provider at the center of the ocean shipping industry, announced an expansion of its rapidly growing…
SWIVEL unveils a Logistics Control Tower
SWIVEL Software announced, at the 3PL Value Creation Asia Summit in Hong Kong, the launch of SWIVEL 360, a Logistics Control Tower that can provide both visibility…
New Hyundai Container Service Serves Hamburg
The Korean container shipping company Hyundai Merchant Marine (HMM) has started a new, independent Asia-North Europe service in April. The first vessel of the AEX…
Kalmar to Supply SmartPower RTGs to Port of Buatan
Kalmar, part of Cargotec, has concluded a deal with Riau Andalan Pulp & Paper (RAPP) to supply three Kalmar SmartPower rubber-tyred gantry cranes (RTGs) for its…
Bob Sanguinetti New CEO of the UK Chamber of Shipping
Bob Sanguinetti has been appointed as the Chief Executive of the UK Chamber of Shipping. Sanguinetti was recently CEO of the Gibraltar Port Authority, where he was…
IMO Forum on Challenges and Opportunities
Under the theme IMO 70: Our Heritage – Better Shipping for a Better Future, two panels of experts led stimulating debates at a forum held at IMO Headquarters (15 May).
Wabash National Corporation Appoints New General Counsel
Wabash National Corporation, a diversified industrial manufacturer and a leading producer of semi-trailers and liquid transportation systems, announced the appointment of Melanie D.
Huntington Ingalls Industries Authenticates Keel of Submarine Montana
Huntington Ingalls Industries’ Newport News Shipbuilding division has authenticated the keel of the 21st Virginia-class submarine, Montana (SSN 794). “This is an important day for us…
New WWF Guide Helps Mariners Steer Clear of Arctic Wildlife
A new WWF-Canada guide designed to help mariners in the eastern Arctic identify and avoid marine mammals is being unveiled at a Canadian Marine Advisory Council meeting in Montreal today. With summer sea ice on the decline and industrial pressures increasing, shipping traffic in the Canadian Arctic has steadily risen. This is especially true in the eastern Arctic and around the community of Pond Inlet and the Mary River iron ore mine.
CR Ocean Engineering Wins Multi-Scrubber Deal
Glasgow based Songa Shipmanagement Ltd. selected CR Ocean Engineering, LLC, as the supplier of exhaust gas cleaning systems for its oil/chemical tankers and Heavy lift vessels, with options for more. The Scrubbing Systems will enter commercial operations commencing in the late summer 2018 and go on throughout the beginning of 2020. In addition to the existing 0.1 percent sulfur fuel Emission Control Areas (ECAs) in Europe and North America…
Photo of the Week: Clean Containership
View onto the cleaned container vessel before new cargo will be loaded. Herbert Boettcher took this photo for Hamburg Süd when he travelled on the container ship Cap San Antonio from Europe to South America and back to Hamburg. Boettcher started with his worldwide long time project Seamotion in 2004. Boettcher is a German professional photographer working worldwide for shipping companies to create photos of merchant ships with his unique visual language.
Hydrex's Doubler Plates Keep Ships Sailing
Underwater repair specialist Hydrex says when hull damage leads to the classification society to only allow temporary repair, there is a practical solution that allows ships to continue operations until a permanent repair can be scheduled. Recently called upon to inspect damage to the stern thruster area of a 195m ro-ro ship during a scheduled stop in Antwerp, the Hydrex investigation revealed a large crack in the welding seam on the edge between the hull plating and the thruster tunnel.
#BTC100 History
In the late 1960s, Bouchard Transportation Co. wins two very important barge contracts; the first comprises the B. No. 40 and B. No 30 barges to haul jet fuel along the Erie Canal for the U.S. Air Force; the second was for the company’s B. No. 55 barge to move crude oils in New York Harbor, Long Island Sound, New England, and also South to Philadelphia and Norfolk. The July 2018 edition of Maritime Reporter & Engineering News will feature a special “Bouchard Transportation Co.
Ukraine Grain Exports Total 35.4 mln T in 207/18
Ukraine's grain exports have reached 35.4 million tonnes since the season began in July, down from 38.7 million tonnes at the same point last season, the agriculture ministry said on Wednesday.So far in the 2017/18 season, which runs from July to June, Ukraine has exported 15.7 million tonnes of wheat, 15.3 million tonnes of maize and 4.19 million tonnes of barley, the ministry said in a statement.Ukraine said it harvested 61.3 million tonnes of grain in calendar year 2017, down from a record 66
Statoil ASA Changes Name to Equinor ASA
Equinor ASA (OSE: EQNR, NYSE: STO), the new name of Statoil ASA, was approved by the annual general meeting yesterday, May 15, 2018, and the new name has now been registered in the Norwegian register of business enterprises (Foretaksregisteret). The company's shares will from May 16, 2018 (inclusive) be quoted on Oslo Børs with the new name and the new ticker EQNR. Implementation date for the new ticker…
Maersk Tanker Unit to Wind Down Customer Agreements in Iran
Danish oil product tanker operator Maersk Tankers, part of shipping group A.P. Moller-Maersk, said on Wednesday it would wind down its customer agreements in Iran by November following new U.S. sanctions on Tehran."We will perform customer agreements entered into before May 8 and ensure that they are wound down by November 4, as required by the re-imposed U.S.
Baltic Index Drops
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday, hurt by weak demand for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 65 points, or 4.4 percent, at 1,403 points, registering its highest percentage fall since Jan. 17. The capesize index lost 195 points, or 7.5 percent, at 2,407 points.
Workboats: Three Damen Stan Tugs for Corpetrolsa Group
Damen Shipyards Group signed a contract with Corpetrolsa Group of Guayaquil, Ecuador, for the supply of three tugs; one Stan Tug 1205 and two Stan Tugs 1606. The tugs will be operated by Corpetrolsa subsidiary DLEN S.A. to support its bunkering operation. Corpetrolsa Group operates its own fleet of tankers in the 2,000 to 7,000 DWT range and the three new tugs will be used to assist them in the Ecuadorean ports of Esmeraldas and La Libertad.
