UECC Orders Four New Car Carriers
United European Car Carriers (UECC) has signed a contract to construct two new generation pure car/truck carriers (PCTCs) with China Ship Building Trading Co., Ltd and Jiangnan Shipyard Group Co.
Boluda CorporaciĆ³n Goes to N. Europe
Shipping services provider Boluda CorporaciĆ³n MarĆtima has signed a letter of intent to acquire all the shares, worth 300 million euros, of Kotug Smit Towage.Theā¦
Waterways Council Reacts to Budget Numbers
Waterways Council, Inc. (WCI) reacted to the Trump Administrationās release of an outline of its top-line FY20 budget numbers yesterday. Today, the Corps of Engineers released its account and project-specific funding levels.For the U.S. Army Corps of Engineersā Civil Works program, the FY20 budget proposes $4.827 billion, a 31% cut from the FY19 appropriated amount of $7.0 billion.Inland Waterways Trust Fund (IWTF) proposed funding in FY20 is $55.5 millionā¦
SunStone's Greg Mortimer Launched in China
The launching ceremony of the āGreg Mortimerā, the first polar expedition cruise vessel in SunStone Shipsā INFINITY series, was held in the morning of 12 March at the CMHI yardā¦
SMS Group Wins Vessel Refit
UK-based ship repairers and marine engineering services provider SMS Group has secured two very important contracts with Trinity House."The culmination of many monthsā¦
Partners Group invests in Greenlink
Private markets investor Partners Group has provided equity financing for the 500-MW Greenlink interconnector, the subsea connection between Wales and Ireland inā¦
GSI Delivers VLOC to Berge Bulk
Singapore-based vessel owner and operator Berge Bulk has received the 300,000 DWT bulk carrier Berge Logan, which was built at Chinaās Guangzhou Shipyard Internationalā¦
India Box Trade Grew 6% in Q4 2018: Maersk
Indiaās containerised trade with the world has grown steadily, recording an overall import-export trade growth of 6% according to the Q4 2018 trade report released by Maerskā¦
NYK Intros New System for Vessel Berthing
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) and NYK Group companies MTI Co. Ltd. and Japan Marine Science Inc. (JMS) have developed a system (patentā¦
Monjasa Opens Vietnam Office
The Danish bunker company Monjasa has expanded its Asian operations with the opening of an office in Hį» ChĆ Minh City.Following 11 years of presence in Singaporeā¦
Rotterdam Port Invests in Expansion
The Port of Rotterdam Authority said that its gross investments increased 91% to EUR408.1 million (USD461Mln) in 2018, the highest level since the construction ofā¦
Caution Urged in Marine Geoengineering
In a new report, marine and social scientists are urging a precautionary approach towards these techniques which involve deliberate large-scale manipulation of theā¦
Wan Hai Lines Enhances Japan Services
Taiwanese shipping company Wan Hai Lines announced the enhancement of its Japan service coverage.With effect from early April 2019, the company shall upgrade itsā¦
U.S. Navy Requests $205.6B in 2020
According to a blog by Rear Admiral Randy Crites posted on the Navy Live, the official blog site of the U.S. Navy, the Department of the Navy Fiscal Year 20 Budget request submitted to Congress is $205.6 billion, a 4.8% increase from the FY19 enacted budget. Specifics of the budget are focused on six specific dimensions:The FY20 budget requests funding for more ships ā as the navy continues to progress toward a 355-ship fleet ā submarinesā¦
Opportunities for Boat Building in Eastern Cape
Transnet National Ports Authorityās (TNPA) Port of Ngqura has hosted the testing and launch of the first ever locally manufactured aluminium vessels by PE-based boat builder, Legacy Marine. As the companyās ship yard is based in Perseverance, the low bridges blocked the route to the Port of PE in the past, restricting the building of larger vessels. When the new Port of Ngqura stepped up as an alternative portā¦
MADS Added to Martek Product Portfolio
Martek Marine has announced the addition of the Marine Anti Drone System (MADS), the worldās first marinized anti-drone detection system, to its impressive portfolio. MADS provides the latest technology to combat the increasing threat of unmanned aerial systems.Martek Marine is a leader in manufacturing and supplying marine equipment. Their extensive and wide-ranging portfolio includes gas and water ingress detection equipmentā¦
HazSub Spill Response Plans
On August 18, 1990, the Oil Pollution Act of 1990 (OPA 90) was enacted into law. Section 4202 of that Act amended the Federal Water Pollution Control Act (FWPCA or Clean Water Act) to require tank vessels and marine transportation-related facilities to prepare and submit to the US Coast Guard plans for responding, to the maximum extent practicable, to a worse case discharge, and to a substantial threat of such a discharge, of oil or a hazardous substance carried in bulk as cargo.
Moody's Upgrades Panama Canal Rating
Moodyās Investors Service upgraded the 20-year $450 million Senior Unsecured Bonds issued by the Panama Canal Authority (ACP) to A1 from A2, with a stable outlook, based on the waterway's strong performance since the expansion's inauguration.Moody's noted that the Expanded Canal has increased overall tonnage and attracted new market segments, contributing to the waterway's strong performance. According to Moody'sā¦
ConRo Ablaze in the Bay of Biscay
Twenty-seven people have been rescued from an Italian-registered cargo ship that caught fire Monday night in the Bay of Biscay, about 150 miles southwest of Brest. The Grimaldi Group owned combination container roll-on/roll-off (ConRo) vessel Grande America was sailing from Hamburg to Casablanca when its cargo of containers and vehicles caught fire around 8 p.m.After attempts to battle the flames proved unsuccessfulā¦
Brazilian Soya Bean Exports Soar
According to a research note from BIMCO, Brazilian soya bean exports are up 85.2% in the first two months of 2019, this following a record high exports in 2018 of 83.6 million tonnes, which was a 22.7% increase from 2017.According to BIMCO, 2019 has seen the highest ever export of soya bean during the month of February. Exports totaled 6.1 million tonnes, a 112.6% increase from the 2.9 million tonnes exported in February 2018.
