LR Grants Approval in Principle for HHI’s LNG-fueled VLOC
South Korean shipbuilder Hyundai Heavy Industries (HHI) has received approval in principle (AiP) from Lloyd’s Register (LR) for a 250,000-deadweight-ton (dwt) class…
Canada to Target Smuggling of Steel Intended to Dodge US Tariffs
Canada will act to prevent the smuggling of cheap steel and aluminum into the North American market to avoid new U.S. tariffs on the metals, Prime Minister Justin Trudeau said on Tuesday. Trudeau said earlier this month he was aware of concerns that countries facing the tariffs could try to ship supplies through Canada and pretend the metals had been produced in Canadian facilities. Under new measures unveiled by Trudeau's office on Tuesday…
Australia Bans Containership over Unpaid Wages
Liberian-flagged containership MSC Kia Ora has been banned from Australian ports for three months after the operator failed to ensure crew were paid their wages in full and on time, and that critical equipment was maintained. The ban was issued by the Australian Maritime Safety Authority (AMSA), who inspected the ship in the Port of Brisbane on March 14, 2018 after receiving a complaint which alleged that crew had been underpaid.
Stolt-Nielsen Names Grüner-Hegge CFO
Stolt-Nielsen Limited announced Jens F. Grüner-Hegge has been appointed as its new Chief Financial Officer, effective from April 2, 2018. Grüner-Hegge, who has served as Vice President, Corporate Finance since 2007, succeeds longtime CFO Jan Chr. Engelhardtsen, who will retire from his executive role and has been appointed to fill a vacancy on the company’s board of directors. With the addition of Engelhardtsen as a director, the SNL Board now has seven members, four of which are independent.
Report: Decarbonize Maritime by 2035
While the notion that maritime transport could be "zero-carbon shipping" by 2035 may seem fallacy to the majority, a new report reviews the pathways to zero-carbon shipping. According to a new report published by the International Transport Forum at the OECD, deployment of all currently known technologies could make it possible to almost completely decarbonize maritime shipping by 2035. While the report targets 2035…
UTEC Develops Bespoke FPSO Virtual Management Tool
UTEC has delivered a bespoke Virtual Asset Management tool to an offshore Operator in Eastern Canada to allow its team to remotely access its floating, production…
Basra Gataway Buys Custom Damen Dredger
A customized Damen Cutter Suction Dredger, type CSD500, has been named by her owner Basra Gateway terminal at the Damen Dredging yard in the Netherlands. Immediately after the ceremony…
Moose Boats Building a New Fire Boat for Maryland
California based boat builder Moose Boats said it was awarded a contract from North Beach Volunteer Fire Department in Chesapeake Beach, Md., for the construction of a M1-46 Fire Rescue Catamaran.
Hyundai Merchant Marine Gets $420 Mln to Add 5 VLCCs
South Korea’s leading sea carrier Hyundai Merchant Marine Co. (HMM) has signed a financial contract with Korea Shipping and Maritime Transportation to build five 300…
COSCO Shipping Ports More than Doubled Profit in 2017
Hong Kong-based port operator COSCO Shipping Ports said that it 2017 profits have more than doubled from a year earlier, partly due to a one-off disposal gain and higher operating profits.
Djibouti Provides ​​Port Security Training
Ports provide the critical interface between the ship and the shore. For maritime trade to flow effectively, this vital infrastructure needs to be secure – and this involves people at all levels.
Yang Ming Back to Profitability in 2017
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation said that its consolidated revenues of 2017 totaled NTD 131.08 billion (USD 4.4 billion)…
Navios Maritime Acquisition Corporation Sells VLCC for $44.5 Mln
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that it has agreed to sell the Nave Galactic, a 2009-built VLCC of 297…
African Ports to Reduce Stowaway Incidents
How to cut the numbers of stowaways in African ports was the subject of a regional International Maritime Organization (IMO) seminar in Yaoundé, Cameroon this week (20-22 March).
Theodore Roosevelt Carrier Strike Group Returns to 7th Fleet
The Theodore Roosevelt Carrier Strike Group (TRCSG), led by Carrier Strike Group (CSG) 9, returned to the U.S. 7th Fleet area of operations (AOO) as part of its regularly scheduled deployment.
Post-Panamax Ro/Ro Makes First US Voyage
A new class of post-Panamax (PPX) vessel made its first visit to Port Canaveral, marking the second time this year a vehicle carrier megaship of this size has called on the port. Launched in 2017, the MV Donington PPX roll-on/roll-off (Ro/Ro) vessel arrived at Port Canaveral as part of its inaugural U.S. itinerary. With its 125-foot beam and capacity to transport over 7,400 vehicles, the Donington is Hoegh Autoliners’ largest Post-Panamax vessel to call on the port.
Photo of the Week
A feeling of endless expanse at the view from the bow of Cap San Antonio at the entrance to the open sea. 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.
Baltic Index Rises to One-week High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up to hit a one-week high on Monday as capesizes rates rose. The overall index, which factors in rates for capesize, panamax and supramax vessels, closed up four points, or 0.36 percent, at 1,126 points, its highest since March 19. The index had marked its first gain in 10 sessions on Friday. The capesize index gained 40 points, or 3.46 percent, to finish at 1,197 points.
Greek Shipping Tycoon Denies Drug Trafficking Charges
Greek shipping tycoon and the owner of Olympiakos Piraeus and Nottingham Forest soccer teams, Vangelis Marinakis, denied any links to drug trafficking on Saturday, a day after a Greek prosecutor brought preliminary charges against him. The prosecutor charged Marinakis with financing and storing drug substances and setting up a criminal group to traffic and sell drugs, a judiciary source said. The 50…
Coldharbour Going after Japanese Type Approval
Ballast water treatment systems manufacturer Coldharbour Marine said it has engaged Japanese classification society ClassNK to assist in the process of obtaining Japanese type approval from the Ministry of Land, Infrastructure, Transport and Tourism. The approval is a requirement for all foreign companies in the marine sector seeking to sell their products to customers in Japan. The type approval process…
