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Boskalis, KOTUG Joint Venture Formalized

Dec 23, 2015

KOTUG and Boskalis reach agreement to merge European harbor towage operationsRoyal Boskalis Westminster N.V. and KOTUG International B.V. have reached a formal agreement to merge their European harbor towage operations following on a Memorandum…

IMO Amendments Coming into Force on 1 January

Dec 23, 2015

A number of important amendments to IMO treaties enter into force on 1 January 2016, including new requirements for verification of compliance, making audits mandatory under the IMO Member State Audit Scheme. Other amendments entering…

US West Coast Not Ready for Mega Boxships

Dec 23, 2015

CMA CGM is testing the ability of the U.S. West Coast ports to handle the biggest containerships – are they ready? U.S. West Coast ports are not yet in a position to handle 18,000 teu containerships regularly and have much work to do in…

CMA CGM Buys Additional Shares In NOL from Open Market

Dec 23, 2015

French carrier CMA CGM, which has announced its bid to acquire Neptune Orient Lines for S$3.4bn ($2.4bn) in cash, is slowly building a stake in Neptune Orient Lines (NOL) for less than the price per share it has offered in a planned takeover deal…

Ship Owners to See Reduced P&I Premiums in 2016

Dec 23, 2015

Despite protection and indemnity (P&I) Clubs announcing that they are trying to achieve on average 2% increases in premium, ship owners with good records can look forward to reductions in premiums for P&) insurance at the 2016 renewals, according to Willis Group Holdings…

APM Terminals Gothenburg Welcomes World’s Largest Container Ship

Dec 23, 2015

The MSC Maya, the fourth of 20 Oscar-Class Ultra-Large Container Ships (ULCS), arrived at APM Terminals Gothenburg on December 21 from the Port of Bremerhaven as part of the regular port rotation of the Maersk Line/Mediterranean Shipping Company…

Sinotrans Pacts for Five Yamal LNG Tankers

Dec 23, 2015

Chinese shipping major Sinotrans has signed with Greek shipowner Dynagas and China LNG Shipping (CLNG) for the joint purchase of five Arctic-class LNG carriers from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME). The agreement…

European List of Certified Ship Recycling Facilities

Dec 23, 2015

The European Commission has opened the application procedure for the European List of ship recycling facilities last Friday, 18 December. Facilities located outside EU Member States are now invited to submit their applications before 1 July 2016…

China, South Korea Talk on Sea Boundary

Dec 23, 2015

China and South Korea held a key meeting seeking to resolve boundary issues in the Yellow Sea.  The Chinese delegation was led by Vice Foreign Minister Liu Zhenmin while South Korea was represented by 2nd Vice Foreign Minister Cho Tae-yul…

LNG Bharat to Roll Out FLNG Terminal

Dec 23, 2015

LNG Bharat Private Ltd is setting up a floating LNG Floating Storage Unit (FSU) with a capacity of 5 million tonnes per annum at Krishnapatnam port in Nellore district the Hindu Businessline reports quoting J. Murthy, the Managing Director…

Coast Guard, Industry Navigate Future of Liquefied Gas

Dec 22, 2015

Senior U.S. Coast Guard leaders and liquefied-gas-industry experts from around the country came together the second week of December at Sector Houston-Galveston to prepare for the increased use of liquefied gases throughout the maritime community…

Kongsberg Maritime Acquires SMSC

Dec 22, 2015

Kongsberg Maritime has signed a contract to buy the Trondheim-based ship simulation and consultancy company, Ship Modelling & Simulation Centre AS (SMSC). The acquisition is expected to be completed January 2016. “More sophisticated vessel…

Charity Supports Seafarer Who Had Narrow Escape

Dec 22, 2015

A seafarer who had a narrow escape and fell overboard has been supported by seafarers’ charity Apostleship of the Sea (AoS). The Filipino man was working on a vessel at Felixstowe port and had an accident which resulted in him falling off the ship into the water…

Sovcomflot Group, Sberbank CIB Sign Credit Facility Agreement

Dec 22, 2015

Sovcomflot Group and Sberbank CIB  have signed a 14-year $340 million credit facility agreement to finance the construction of three Arctic shuttle tankers for the Novy Port project  (project operator: Gazprom eft).  Novy Port is one of…

STS Young Endeavour Completes Circumnavigation

Dec 22, 2015

The Royal Australian Navy operated Sail Training Ship (STS) Young Endeavour sailed into Fremantle today, completing a year-long circumnavigation of the world. Assistant Minister for Defence Darren Chester was in Western Australia to welcome…

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