Cochin Port to Roll-out New Cruise Terminal
A new Cruise Terminal having facilities to handle 5000 tourists will come up at Ernakulum Wharf of Cochin Port, India by February 2020. Cochin Port Trust has issued…
Maritime Operators Embrace Digital Transformation
As maritime operators deal with challenging operating conditions, many are embracing digitalization as the most reliable way to lower operational costs and improve vessel efficiency.According to research conducted by Lloyds List Intelligence and Ovum, two-thirds of vessels use digitalization systems onboard. According to the executives surveyed, this is being driven by a desire to improve operating efficiency, with 88 percent already working toward that goal.
Update: 17 Dead after Missouri Tourist Boat Sinks in Storm
Divers on Friday pulled the last four bodies from the wreckage of a "duck boat" that sank in a storm in a Missouri lake, killing 17 people in one of the deadliest U.S.
London P&I Club Setting up Cyprus Office over Brexit
British ship insurer London P&I Club is setting up a new subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access, the group told Reute
Fincantieri Starts on Second Ship for Virgin Voyages
A steel cutting ceremony held today at Fincantieri’s Sestri Ponente (Genoa) shipyard marked the official start of construction for the second of three cruise ships on order for Virgin Voyages (part of Virgin Group). During the event, Virgin Group Founder Sir Richard Branson and Virgin Voyages President and CEO Tom McAlpin, welcomed by Giampiero Massolo and Giuseppe Bono, Chairman and CEO of Fincantieri…
LNG Powered ConRo Ship Delivered to Crowley
U.S. based Crowley Maritime Corp. has taken delivery of one of the world’s first combination container/roll on-roll off (ConRo) ships powered by liquefied natural gas (LNG), from shipbuilder VT Halter Marine Inc. The Jones Act compliant El Coquí is the first of two Commitment Class, LNG-powered ConRo ships being built for Crowley’s shipping and logistics services between Jacksonville, Fla., and San Juan…
Another Ferry Delivered to MBTA in Boston
Glory, the second Incat Crowther designed 27m catamaran ferry built by Gladding Hearn for MBTA of Boston has been delivered following on from sister ship Champion.When Champion was launched late last year, she was the 500th Incat Crowther designed vessel to enter service; Glory takes that number to 529. At the heart of that growth is a range of multi-vessel mass transit projects, such as a quartet of vessels for San Francisco’s WETA and 18 vessels for NYC Ferry in New York.
CMA CGM Buys Stake in CSP Zeebrugge Terminal
French container carrier CMA CGM announced Friday it has acquired from CHINA SHIPPING Ports Development Co. Limited, a wholly-owned subsidiary of COSCO Group, a 10 percent equity interest in CSP Zeebrugge Terminal NV, through its wholly-owned subsidiary CMA Terminals.CMA CGM is currently the major client of the Belgian container terminal and accounted for one third of CSP Zeebrugge's total throughput…
Baltic Index Rises on Higher Capesize Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Friday on higher capesize rates.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, increased 32 points, or 1.9 percent, to 1,689 points.* The capesize index rose 75 points, or 2.4 percent, at 3,205 points. The index hit a seven-month high of 3,335 points on Tuesday.
Samson Launches Solution to Streamline MEG4 Transition
Samson, the developer of high-performance synthetic rope solutions and global market leader in commercial marine applications, has launched a new integrated technology and service solution, Icaria, designed to facilitate the transition process to MEG4 operational best practices.OCIMF’s release of the fourth edition of its Mooring Equipment Guidelines marks a significant change in how mooring systems will be designed, selected, maintained and retired.
S.Korea LNG Imports Set to Ease from Record
South Korean imports of liquefied natural gas are set to ease from record levels racked up in the first-half of the year, with appetite for the fuel from utilities seen fading as a raft of nuclear power stations come back online.The country's imports of the commodity jumped nearly 16 percent year-on-year to a record 22.7 million tonnes in the first six months of 2018, according to customs data in mid-July…
Sembcorp Marine Swings to Q2 Loss
Singaporean rig builder Sembcorp Marine Ltd swung into the red in the second quarter, and cautioned a trend of negative operating profit would continue in the near term as overall business volume remains low.It turned in a loss of S$55.6 million ($40.68 million) for the three months ended June, compared with a profit of S$5.1 million in the same period a year ago.Sembcorp Marine, majority owned by industrial conglomerate Sembcorp Industries Ltd…
Thirteen Dead as Missouri Storm Sinks 'Duck Boat'
At least 13 people including children drowned after a tourist "duck boat" sank during a storm on a lake in Missouri, and authorities were set to resume a search on Friday for other missing victims…
EU Must Speed Up Approvals of Asian Shipbeaking Yards
The European Union should step up its assessment of Asian shipbreaking yards to allow the effective implementation of the Hong Kong Convention, said Maritime Strategies…
Seadrill Gets ABS-Managed Pressure Drilling Notation
ABS has announced it has issued the managed pressure drilling notation ABS MPD to Seadrill for the ABS-classed West Capricorn, a 6th generation ultra-deep water…
DP World, China Signs Agreement to Boost International Trade
An agreement to jointly construct a new ‘Traders Market’ at DP World’s flagship Jebel Ali Port and Free Zone in Dubai on a total build up area of three million square…
Equinor Extends Prosafe Deal
Semi-submersible firm Prosafe said that it has been offered a month extension for the Safe Boreas charter contract at the Mariner project by operator Equinor."Equinor…
CMA CGM to Reshuffle its CIMEX 6 Service
CMA CGM announced the revamping of dedicated CIMEX 6 service linking Asia and the Middle East Gulf with Umm Qasr call replacing Bandar Abbas as from Shanghai ETA on August 6th…
MOL Hosts Tour of Cutting-edge Car Carrier on Marine Day
Mitsui O.S.K. Lines (MOL) has announced that on Marine Day, Monday, July 16, it hosted a tour of the cutting-edge car carrier Beluga Ace at Harumi Pier, in cooperation…
Massive Outreach by Inland Waterways Authority of India along Ganga
The Inland Waterways Authority of India (IWAI) has set out on a massive public outreach initiative along river Ganga on National Waterway-1 to help push rural economy…
