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MAN Extends Relationship with Mercy Ships
At a signing ceremony at the SMM 2016 Marine Trade Fair in Hamburg, MAN Diesel & Turbo expanded its partnership with Mercy Ships, international provider of charitable healthcare. Under the terms of the agreement, MAN Diesel & Turbo’s after-sales division, MAN PrimeServ, will provide spare parts for the four MAN 21/31 GenSets and other MAN installations aboard the hospital vessel MV Africa Mercy to an annual value of EUR 250,000.
Salalah Port's Volume Surges
Container throughput at the Port of Salalah, part of the APM Terminals Global Terminal Network, reached 1.584 million TEU* in the first half of 2016, representing…
ABB Names Jouret Chief Digital Officer
ABB has appointed Guido Jouret as Chief Digital Officer, reporting to ABB’s CEO Ulrich Spiesshofer, effective October 1, 2016. Jouret, a pioneer of the Internet of Things…
Boosting Maritime Security in Cameroon
An International Maritime Organization (IMO)-led maritime security table top exercise is taking place in Yaoundé, Cameroon (6-8 September) for participants from…
This Day In Naval History: September 8
1858 - The sloop-of-war USS Marion captures the American slave ship Brothers off the southeast coast of Africa. 1923 - At Honda Point, Calif., seven destroyers are run aground due to bad weather…
MN100: VescoPlastics
Founded in 1958, self-lubricated polymer bearings and bushings manufacturer VescoPlastics produces a proprietary range of bushings, bearings and wear plates that operate in dusty, dirty or wet conditions and last longer than other products on the market. VescoPlastics has warehouses in South Africa, the UK, the US, the Netherlands and New Zealand, with stocking distributors in Argentina, Australia and Singapore.
Maersk Sees Rough Seas Ahead
The economic slowdown in China and the slump in commodity prices has impacted container trade in South Africa with the dry exports market, made up of mostly mining commodities…
Royal IHC, TNPA Launch Dredge Training
The inauguration of an IHC dredging simulator was held at Transnet’s Maritime School of Excellence in Durban, South Africa on Friday 2 September. The launch marked…
2016 VLCC Earnings Will Surpass 2014 -BIMCO
Lower growth rates for refinery throughput and drawdowns on swollen oil stocks has impacted the seaborne tanker market negatively. BIMCO expected this to happen.
Challenges in Brazil Could Benefit Tanker Markets
Brazil stays in the spotlight - Tanker Research & Consulting department at Poten & Partners takes a look at the tanker market in the country. The Rio Olympics were successfully concluded on August 21.
Kenya Commissions Terminal at Mombasa
Kenya on Saturday inaugurated the first part of a new container terminal at Mombasa which is expected to boost by 50 percent the volume of cargo handled by East Africa's largest seaport.
Port of Antwerp Invests for First Time in West Africa
The port of Antwerp and the port of San Pedro in Côte d’Ivoire are to collaborate over the next few years to manage further expansion of this West African entrepot.
Privinvest Forms Shipbuilding JV in Angola
Middle East based shipbuilding group Privinvest announced the start of a major shipbuilding and maritime economy program with the Republic of Angola that will initially…
Maersk Line Sees Little Impact on Customers' Cargo from Hanjin Collapse
Maersk Line, the world's biggest container shipper and a unit of Danish conglomerate A. * Maersk Line expects minimal impact on its customers' cargo. * Maersk Line on Aug. 30 instructed its global operations centres to not load any cargo onto Hanjin owned vessels. * Says customers have cargo on board two of Hanjin's operated vessels, Maersk Sebarok and Maersk Senang, sailing on the Chennai Express service between Far East Asia and South East India.
Africa’s First Dredging Simulator Unveiled
Africa’s first ever dredging simulator was launched in the port city of Durban, South Africa – another positive spin-off of ongoing collaboration between Transnet National Ports Authority (TNPA), the Transnet Maritime School of Excellence (MSoE), Netherlands based Royal IHC and its world-renowned Training Institute. The high-tech simulator – based at the MSoE’s Langeberg Road premises – will aid in building dredging capability in South Africa.
Asia Tankers-VLCC Rates Steady, Owners Resist Further Cuts
Daily VLCC earnings fall to around $10,000; vessel deliveries, shorter voyages weigh on rates. Freight rates for very large crude carriers (VLCCs), which fell to multi-year lows on Thursday…
DNV GL's New Project on EU LNG Market
Whilst LNG has proven to be a viable option as a bunkering fuel for ships, there are still challenges to the pace of its development and demand for LNG as a fuel.
Calm Seas, Libya's Lawless State Open Door for Migrant Flows
Calmer seas and Libya's lawlessness have opened the way for smugglers to ship thousands of migrants across the Mediterranean this week, in a striking reminder of…
Carriers have Withdrawn Extremely Low Spot Market Freight Rates - Drewry
Drewry’s Global Freight Rate Index, a weighted average of spot container freight rates across all major routes except intra-Asia, swung back in July by 13% to reach $1,403 per 40ft box.
What is Happening to Suezmax Rates in 2016?
Several years ago, the main market for Suezmax tankers was the West Africa to North America trade. When this market dried up in the period from 2012 to 2014/15,…
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
Maritime Piracy in the Horn of Africa:
Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea
Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck
