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First Floating Mega Island Tested

Jul 14, 2017

Floating ports and cities possible solutions to sea level rise and overcrowded cities  MARIN (Maritime Research Institute) tested an innovative concept for a floating mega island. The island comprises 87 large floating triangles that are flexibility connected to one another…

Diana Time Charter with Maersk and CMA CGM

Jul 13, 2017

Diana Containerships has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Maersk Line A/S for one of its Post-Panamax container vessels, the m/v Puelo, for a period of minimum eight months to maximum 18 months…

IMB Reports 87 Piracy Incidents in H1 2017

Jul 13, 2017

The IMB has published its report on piracy and armed robbery for the second quarter of 2017, covering the period from 1 January to 30 June 2017. The report highlights continuing decline in the number of incidents of maritime piracy, said a press release from The Standard Club…

TCM Gearing Up for Panamax Ships

Jul 13, 2017

The recent dredging to the Port of Maputo, Mozambique, access channel, early this year, from -11 to 14.3 meters served as an enabler to other infrastructure projects, some already taking place at the Port.  According to a press release…

UniCarriers Corporation becomes Mitsubishi Logisnext

Jul 13, 2017

Mitsubishi Nichiyu Forklift announced that it will conduct the operational integration with its consolidated subsidiary UniCarriers Corporation and change its company name to 'Mitsubishi Logisnext. Mitsubishi Nichiyu already announced its intention to perform the operational integration…

Algorithm Developed to Optimize Waterway Transit Schedules

Jul 13, 2017

An algorithm has been developed to schedule transit vessel traffic in two-way waterways where safe distances between transiting vessels must be maintained and passage restrictions may hold. It limits the negative effects of the safety constrains…

Dredging Seminar Held in Bangladesh

Jul 13, 2017

On Tuesday, July 11, Damen hosted a dredging seminar in Dhaka, Bangladesh attended by more than 100 representatives from the Dutch Embassy in Bangladesh, experts from the Bangladesh Government, the Bangladesh Navy, local financing institutions…

SC Ports Reports Record Volume in FY2017

Jul 12, 2017

South Carolina Ports Authority moved a record 2.14 million twenty-foot equivalent units in fiscal year 2017, an increase of 10 percent over the previous year’s container volumes. Highest-ever June volumes of 183,237 TEUs gave SCPA a strong finish to its fiscal year…

Golar LNG Cuts Dubai FSRU Charter

Jul 12, 2017

Golar LNG Partners has agreed with the charterer of the Golar Freeze FSRU, Dubai Supply Authority (DUSUP) certain amendments to the existing time charter that was due to end in May 2020. DUSUP have two FSRU's on contract and do not currently…

ClassNK Endorses Turkish Ship Recycling Facility

Jul 12, 2017

Leading classification society ClassNK  has issued a Statement of Compliance (SoC) to a ship recycling facility in Izmir, Turkey, ISIKSAN SHIP RECYCLING and TRADING, verifying that the facilities are in line with the Hong Kong International…

India Organizes Workshop on Coastal Shipping and Inland Navigation

Jul 12, 2017

The Ministry of Shipping in India is organizing a workshop titled ‘Promoting Coastal Shipping and Inland Navigation in India’ in Bhubaneswar, Odisha state today.  This is the second in a series of workshops the Ministry plans to hold over…

Fleet Cleaner Goes to Work

Jul 12, 2017

Fleet Cleaner robot cleans several 350m+ containerships in Dutch ports After recently launching its ship hull cleaning installation in all Dutch ports, Fleet Cleaner has cleaned various container vessels measuring more than 350 meters long…

Egypt to Halt Flour Subsidy, Slash Wheat Imports

Jul 12, 2017

Egypt, the world's largest wheat buyer, will stop subsidising flour for its sweeping bread subsidy programme next month in a move expected to cut wheat imports by up to 10 percent by curtailing smuggling, the supply ministry said on Wednesday…

Transnet Second State Company to Flag Accounting Irregularities

Jul 12, 2017

South African state-run transport and logistics company Transnet said on Wednesday it had suspended senior officials after external auditors flagged 'reportable irregularities' to their regulatory body. Transnet's admission comes a day after…

Baltic Index Rises on Higher Rates across All Segments

Jul 12, 2017

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday, helped by higher rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels…

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