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24/7 Voyage Security Risk Assessment … at the click of a mouse
Risk Intelligence provides security data, information, analysis and assessment to enable safe navigation in areas of risk in an increasingly uncertain worldSince its founding in 2001, Denmark-headquartered security information specialist Risk Intelligence has developed a fully integrated risk assessment and planning tool that provides valid, actionable intelligence to any fleet, on land, in port or at sea, 24/7/365.
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Risk Management with a Mouse Click
Risk Intelligence provides security data, information, analysis and assessment to enable safe navigation in areas of risk in an increasingly uncertain world.Since its founding in 2001, Denmark-headquartered security information specialist Risk Intelligence has developed a fully integrated risk assessment and planning tool that provides valid, actionable intelligence to any fleet, on land, in port or at sea, 24/7/365.
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Third Hybrid LNG PCTC for UECC
Short-sea RoRo company UECC has confirmed an option with China Ship Building Trading Co., Ltd and Jiangnan Shipyard Group Co. Ltd. for a third hybrid-battery LNG vessel, this time for use on UECC’s Atlantic short-sea trade routes.“This order is another step in our commitment to cleaner shipping,” said Glenn Edvardsen, CEO of UECC. “Our experience with LNG dual-fuel vessels has been good, and we want…
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PHA Awards Bayport Container Terminal Cranes Contract
The Port Commission of the Port of Houston Authority has approved a proposal that PHA acquires three new neo-Panamax electric cranes for Bayport Container Terminal in a $35 million contractThe cranes will be deployed at Wharf No. 5 of the container terminal and will handle the loading/unloading of large vessels. The three cranes will bring the total number of ship-to-shore cranes at the Port Houston to 29.
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MOL Group AI-Based Car Loading Plan
Mitsui O.S.K. Lines, Ltd. and its group company MOL Information Systems, Ltd., in collaboration with Associate Professor Shunji Umetani of the Graduate School of Information Science and Technology at Osaka University, have developed a vessel allocation and cargo loading plans for car carriers based on ‘mathematical optimization,’ articficial intelligence (AI) technology to enable the company’s personnel…
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Oil Prices: Chinese Data Eases Concerns
Oil prices rose today (Monday, September 30) after China’s factories unexpectedly increased production over the past month, easing concerns about demand amid the ongoing trade war with the U.S. Brent crude futures rose 9 cents to $62 a barrel by 0300 GMT and U.S. West Texas Intermediate (WTI) crude futures rose 13 cents to $56.04 a barrel.The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI)…
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New Report on Future for River Thames
A new report jointly produced by the Port of London Authority (PLA) and Greater London Authority (GLA) says a new vision could maximize the contribution the River Thames makes to culture in the UK capital. ‘’ sets out how clear direction could make the most of the river’s cultural attractions for the benefit of the city’s population and visitors alike.The report aligns with GLA’s priorities for promoting the city and the PLA’s wider Thames Vision…
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P&O Ferries Invests In Next-Gen Ferries
P&O FERRIES has signed a contract with Guangzhou Shipyard International Ltd worth $285 million for two new 230-meter super-ferries – the largest ever to sail between Dover and Calais – that will be operational by 2023. The contract includes options to build two further vessels by 2024. P&O Ferries said the investment would secure the company’s position as a leading provider of transportation for people…
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Oil Freight Rates Rocket After U.S. Sanctions COSCO
Oil freight rates in the Middle East and Asia have increased by almost 20 percent today following new US sanctions on units of Chinese company COSCO for its alleged involvement in ferrying crude oil out of Iran.In what the U.S. State Department has described as “one of the largest sanctions actions the U.S. has taken” since restrictions were re-imposed on Iran in November 2018, two units of COSCO, as well as other companies…
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Brittany Ferries: No-Deal Brexit Support
Brittany Ferries has said the company is “ready, willing and able to assist” the UK government with Brexit freight capacity requirements following confirmation that the company is one of eight firms that have been appointed to the freight procurement framework, enabling it to bid to deliver medical supplies to the UK after the proposed Brexit completion date of October 31.The company operates an 11-ship fleet and works routes between the British ports of Portsmouth…
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Wallenius Wilhelmsen CEO Supports Diversity
Craig Jasienski, President & CEO of international RoRo shipping and transportation logistics specialist Wallenius Wilhelmsen, recently appointed as a member of the Women’s International Shipping & Trading Association (WISTA), has stated that he believes that to build a sustainable future for shipping and logistics, diverse views, experiences and perspectives need to be brought together in a workplace…
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Gulf Marine Services Signs Banks Waiver
Offshore contractor Gulf Marine Services has signed a waiver agreement with banks relating to covenants to be tested with reference to the company’s half-year financial results in an agreement that will provide GMS with a rollover of its existing $25 million working capital facility. The agreement will also provide access to bonding facilities that will underpin liquidity and support the growth of its business.The company now has until this Monday…
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Container Rates Fall Due To Overcapacity
According to Norway-based ocean freight rate benchmarking and market intelligence specialist Xeneta, long-term contracted ocean freight rates for carriers continued their downward trend this month, however by only 0.1% globally. The company said the decline comes against a backdrop of increasing overcapacity, and that widespread blanked sailings and on-going concern over US-China relations were adding…
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Marine Cargo Insurance Market Still Not Profitable
Sean Dalton, Chair of the Cargo Committee of the International Union of Marine Insurance (IUMI) has said at the organization’s annual conference in Toronto, Canada, that there has been a 2.5 percent increase in 2018 global premiums to $16.6 billion but that this increase was largely attributable to growth in global trade and exchange rate fluctuations. He added that the marine cargo market was in a…
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GPA Plans Savannah Port Capacity Expansion
The Georgia Ports Authority (GPA) has plans for a new container port on Hutchinson Island to increase the capacity of the Port of Savannah, Georgia, USA. The planned expansion will double the port’s annual capacity from 5.5 million TEUs to 11 million TEUs and the facility will be able to handle 2.5 million TEUs of cargo annually The new container port occupy a 200-acre area directly opposite Ocean…
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UK Invests in ‘Maritime and Me’ Diversity Program
UK Maritime Minister Nusrat Ghani has pledged £730,000 (about $910,000) in Government funding to increase diversity, well being and skills in the maritime sector, including £100,000 (about $125,000) for a new scheme in which girls aged 11 to 14 will be paired with inspiring women from the maritime sector to teach them about the range of careers available to them before they make their choice of subjects…
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Nautical Institute Publishes Electronic Evidence Guidelines
The Nautical Institute has published the second volume in its ‘Collecting Maritime Evidence’ series, which focuses on the collection and preservation of electronic evidence and how it can be used to understand the circumstances that led to a maritime incident.The Institute stated that while not completely replacing traditional records such as hard-copy logbooks, data from electronic sources such as ECDIS…
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SE Asian Ship Piracy Levels Steady
ReCAAP ISC has issued the August 2019 Report on the situation of piracy and armed robbery against ships in Asia which notes that a total of eight incidents was reported in Asia in August and that of these eight incidents, two were piracy incidents and six were incidents of armed robbery. There wer no reports of the abduction of crew in the Sulu-Celebes Seas and waters off Eastern Sabah; and there were…
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India Opens Second Multi-Modal Terminal
The Government of India opened its second multi-modal terminal (MMT) yesterday, September 12, 2019. Located on the River Ganges at Sahibganj in Jharkhand State, the new terminal is now ready for business following the completion of a two-year construction project managed by the Inland Waterways Authority of India (IWAI). India’s Prime Minister Narendra Modi laid the foundation stone for the $40.32…
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LSC Named World’s Best Seafarers’ Center
Liverpool Seafarers Center (LSC) in the UK has been named the world’s best seafarer center at an awards ceremony held during London International Shipping Week.LSC, which is based in Crosby and Eastham, won the International Seafarer Welfare Award due to “the exceptional care it offers visiting seafarers and their families”. The Seafarer Center of the Year is voted for by seafarers, 50,000 of whom use the center’s services in Liverpool and along the River Mersey every year.