Maritime Industry Top News
Ardmore Shipping Reports Net Loss of $12.5 Mln
Tanker owner Ardmore Shipping Corporation reported a net loss of $12.5 million for the twelve months ended December 31, 2017, or $0.37 basic and diluted loss per share…
India's Major Ports See 4.58% Cargo Traffic Growth
Major ports in India have recorded a cargo traffic growth of 4.58 percent and together handled 560.97 million tonnes (MT) of merchandise during the period April 2017 to January 2018…
Pacific International Lines Start Service in Far East - Red Sea Routes
Pacific International Lines (PIL), Singapore’s leading containership operator, announces two upgraded weekly services on the Far East – Red Sea service route. Done…
CMA CGM Introduces REEFLEX for Transportation of Liquids
CMA CGM has launched the most advanced solution for the transportation of liquids by controlled temperature: REEFLEX - an ideal alternative to break bulk for the…
Indian Cabinet Clears Changes in Major Port Authorities Bill 2016
Indian's Union Cabinet has approved the incorporation of the official amendments to the Major Port Authorities Bill 2016, which is pending in the Parliament. The…
EFIP Looks for a New Director
The European Federation of Inland Ports (EFIP) has announced the beginning of submission of applications for a new director post. The organization said the new EFIP…
DNV GL Advised Partners Group on Offshore Wind Project
DNV GL, the world’s largest resource of independent energy experts and certification body, has successfully completed a comprehensive due diligence project on the…
Rare Suezmax Gasoline Cargo Sails to West Africa
Nigeria's push to keep its citizens stocked with fuel is drawing close to a million tonnes a month of gasoline from Europe - including now on a rare Suezmax vessel booked by Vitol.
Cosco Shipping Executive Murdered in Pakistan
A Chinese shipping company executive was murdered in Karachi, Pakistani on Monday in what police say appears to be targeted attack. The man, identified as Chen Zhu, the Pakistan general manager of Cosco Shipping Lines Co, shot dead while in his car in the port city of Karachi, Reuters reported. Chen suffered a single bullet wound in the head, according to police who said at least 10 shots were fired at the car.
New Vessels to Help Philippines Fight Illegal Fishing
Two new 50-meter multi-mission offshore vessels (MMOV) will soon help the Philippine Bureau of Fisheries and Aquatic Resources (BFAR) fight illegal fishing in Philippine waters. The sister ships – DA BFAR MMOV 5001, named BRP Lapu-Lapu, and DA BFAR MMOV 5002, named BRP Francisco Dagohoy – were built by Manilla-based Josefa Slipways, and have recently completed speed and endurance trials ahead of their upcoming delivery.
California to Ban Crude from Trump Offshore Drilling Plan
California will block the transport of petroleum from new offshore oil rigs through its state, officials told Reuters, a move meant to hobble the Trump administration’s effort to vastly expand drilling in U.S. federal waters. California's threat to deny pipeline permits for transporting oil from new leases off the Pacific Coast is the latest step by states trying to halt the biggest proposed expansion in decades of federal oil and gas leasing.
US Icebreaker Suffers Flooding, Engine Failure in Antarctic
America’s aging, sole remaining heavy icebreaker suffered several engineering challenges, including flooding and engine failure, on its way to completing a recent mission in the Antarctic, highlighting the U.S.’ need for new polar icebreakers. The 1970s-era U.S. Coast Guard Cutter Polar Star is called upon each year to aid the delivery of fuel and supplies for National Science Foundation research stations in Antarctica…
Panama Canal Expects LNG Tanker Traffic to Rise 50%
The number of liquefied natural gas (LNG) tankers traversing the Panama Canal is expected to jump 50 percent by September due to rising exports of the fuel from the United States, the head of the canal's governing agency told Reuters. After adding a third set of locks in 2016, the Panama Canal Authority expects that growing global demand for LNG will boost transit through the waterway, said Jorge Quijano, head of the authority.
Baltic Index Inches Up On Increased Capesize Activity
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, crept higher on Wednesday on firmer capesize rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, inched up 2 points, or 0.18 percent, to end at 1,097 points. "Following seasonal weakness in the dry bulk sector resulting from the Chinese New Year…
Allseas Plans World's Largest Construction Vessel
Swiss offshore services firm Allseas is planning to build a vessel big enough to be able to remove the world's largest oil and gas platforms when they reach the end of their production lives, its chief executive said. The vessel, to be called Amazing Grace, is designed to remove the heaviest platforms in a single lift and could reduce decommissioning costs for global oil and gas producers, the firm said.
USCG Approves Meridian Global Consulting as TPO
The Towing Vessel National Center of Expertise (TVNCOE) posted on its website February 2, 2018, that the U.S. Coast Guard has approved Meridian Global Consulting, LLC as a third-party organization (TPO) to carry out certain functions in accordance with Subchapter M. The current list of all Subchapter M approved TPOs is maintained on TVNCOE’s TPO webpage. In accordance with 46 CFR 139.110, classification societies that are recognized and/or authorized meet the requirements of a TPO.
ASEAN Pushes for South China Sea 'Code of Conduct'
The Association of South East Asian Nations is hoping to expedite negotiations on a code of conduct with China for the South China Sea but it is not realistic to expect an agreement within a year…
Georgia Ports Plans 10 Million TEU of Growth by 2028
Georgia Ports Authority Executive Director Griff Lynch outlined a plan that will double container handling capacity to 10 million TEUs at Garden City Terminal within 10 years.
Ocean Installer Gets Two SURF Contracts From Statoil
Norway's Ocean Installer has secured two subsea umbilicals, risers and flowlines (SURF) contracts with Statoil for work on several fields offshore Norway. The subsea company has secured two contracts…
DP World Reports Record Volume Growth
Dubai-based terminal operator DP World has reported record container volumes of 70.1 million TEU (twenty-foot equivalent units) for 2017, a jump of 10.1 percent year-on-year.
