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Russian Warship made 'unprofessional' Maneuver-U.S. Official
A Russian warship carried out "unprofessional" maritime operations in close proximity to a U.S. Navy ship in the eastern Mediterranean Sea, a U.S. Defense official said on Friday.
BIMCO: Containership Scrapping Heats Up
demolition of containerships almost tripled in the first five months of 2016 in comparison to the same period of 2015. This illustrates the efforts carried out by shipowners to counter the fundamental imbalance between supply and demand under poor container shipping market conditions. However, more needs to be done to lift the charter market. The demolition of capacity in the panamax segment (3-5,999 TEUs), since the start of January 2016 till the year to date, has been especially significant.
Construction of new Stockholm Norvik Port Begins
For Hutchison Port Holdings (HPH), one of the world’s leading container terminal operators, Stockholm is strategically important. In April the final permit was obtained…
Day of Seafarer: ICS Highlights Seafarers Role in Migrant Rescues
Gerardo Borromeo, Vice Chairman of the International Chamber of Shipping (ICS) took the opportunity today to highlight the courage that is currently being displayed by seafarers…
“Twiggy” Baker Wins BWT Puerto Escondido Challenge
Grant “Twiggy” Baker (ZAF) claimed victory today at the Puerto Escondido Challenge, besting a field of 24 of the world’s best big wave surfers in towering 20-to…
Winners of International Seafarers' Welfare Awards
The winners of ISWAN's International Seafarers' Welfare Awards 2016 were announced on 24th June at a high-profile ceremony held in Manila, the Philippines. The ceremony…
Traffic Separation Schemes off Western Australia
On 1 December 2016 two new Traffic Separation Schemes (TSS) will come into effect off the south-west coast of Western Australia. Australia’s proposal to establish…
CMA CGM to use Kingston As Transshipment Hub
French shipping giant CMA CGM plans to use Kingston Container Terminal, Jamaica as a strategic Caribbean transshipment hub for an enlarged Panama Canal. The Port connects to US East Coast…
FPSOs Sit Unprecedentedly Idle
The 20 year four-fold growth pattern in the world’s FPSO fleet stalls out in 2016 with a record number of FPSOs idle and available for redeployment – or perhaps to be forced into other uses, lay up or scrap. FPSO redeployments typically are far more complex, costly and risky than for (say) drillships and yet the need for redeploying idle FPSOs is now in the forefront of the industry like never before as FPSO owners also have to face the worst ever down market for their equipment and services.
Transas CEO Coles Salutes the World's Seafarers
As an ex-seafarer, I know of the often challenging circumstances that the seafarer faces in their daily working life. Conversely, I also know how rewarding a career at sea is and therefore, during Seafarer Awareness Week, I implore the younger generation to consider a career at sea when examining their future options. Imagine that video game you are playing across the internet, challenging someone to a strategy game, communicating with several others in a world domination game...
Ithaca Energy's FPF - 1 Nears Completion
Providing an update on the status of the on-going Greater Stella Area (“GSA”) development programme Ithaca Energy informed that the floating production facility…
Maersk Fights to Stay on top as Containership Downturn Deepens
Denmark's Maersk Line is fighting to remain the world's no.1 container shipping carrier as a wave of mergers and acquisitions, particularly in Asia, creates new challengers trying to grab a bigger share of a depressed market. Maersk itself hasn't made a major acquisition for more than a decade but says it might be open to "the right opportunity", although doubters believe such deals risk accumulating ships without securing enough customers. A unit of oil and shipping group A.P.
US Offshore Regulator to Unveil Tougher Environmental Safeguards
The U.S. government agency created after the 2010 Deepwater Horizon oil spill plans in coming weeks to unveil tougher financial requirements for offshore oil producers aimed at protecting taxpayers from the risk of cleaning up abandoned oil rigs, an agency executive told Reuters. Under the new guidelines, the Bureau of Ocean Energy Management (BOEM) will demand additional guarantees to cover producers'…
Unmanned Surface Vessels: From Concept to Service
Over the next decade the maritime sector is likely to see one of the largest changes since sail gave way to steam. Unmanned Surface Vehicles (USV) are now being considered for various marine roles and the drivers for rapid development are significant. Unmanned or autonomous vessels have passed through the trial and evaluation stage and are now being adopted for civilian and military applications. The…
Cordero Urges ‘Obvious Path’ to VGM Compliance
With the implementation date for new container weighing requirements 14-days away, Chairman of the Federal Maritime Commission Mario Cordero said the time has come for ocean carriers to embrace the obvious solution to achieving compliance that Marine Terminal Operators can offer. Specifically, Cordero asserted the weight of export containers, as determined by terminal operators, can and should be classified as the Verified Gross Mass (VGM) of the container.
A Coastguardsman's Return to Eagle
In 1950, International Falls, Minn., native Jim Briggs, shook hands with his fellow crewmembers and stepped off the Coast Guard Cutter Eagle with his seabag packed to the brim and strewn across his back. It would be 66 years until he returned. “They told me I always had a home there, and I could always come back,” Briggs said. The Eagle was built in 1936 by Blohm and Voss Shipyard in Hamburg, Germany, and commissioned as Horst Wessel. At the end of World War II, the ship was taken by the U.S.
Myanmar Scrambles to Clear Port Jam
The weeks-long traffic jam of cargo ships at the Myanmar’sbiggest port threatens to scare potential investors away and choke off nascent economic growth, says a report in Reuters.
Hong Kong Mulls Maritime Cooperation with Iran
Closer business ties with Iran would enable Hong Kong to tackle the downturn in the seaborne sector, reports Tasnim quoting Stephen Wong of Hong Kong Trade Development Council (HKTDC).
Hong Kong Eyes Shipping Boost from China's New Silk Road, Iran
Hong Kong's crucial shipping trade is hoping China's overseas infrastructure plan and closer business ties with Iran will enable the city to tackle the downturn in the seaborne sector and tougher competition, officials said. The global container sector, which transports everything from bananas to iPhones, as well as the dry bulk shipping market hauling commodities including iron ore and coal, is struggling with a glut of ships…
Refiners Cold, Oil Unsold amid Nigerian Chaos
Refineries from India to the United States are backing away from buying Nigerian oil amid heightened uncertainty about deliveries as the country squares up to militants in the restive Delta region.
