European Shipowners Welcomes EPA
The European Union (EU) and Japan signed the EU-Japan Economic Partnership Agreement during the 25th EU-Japan summit in Tokyo. The European Shipowners welcome the signing of a highly ambitious trade agreement between two of the world's largest economies.“At a time that unilateralism and protectionism are rising, the EU and Japan are sending a strong message in support of free, fair and rules-based trade”, said European Community Shipowners' Associations (ECSA)' Secretary General…
European Shipowners Welcome EU Trade Agreements with Japan, Singapore
The European Commission presented trade agreements with Japan and Singapore to the Council to eventually be adopted. The European shipowners are very pleased that the first step towards the conclusion of these agreements has been taken. “With Japan and Singapore agreements Europe sends a strong message to the world in support of fair and regulated trade”, said European Community Shipowners’ Associations (ECSA) Secretary General Martin Dorsman. The agreement with Japan is the biggest bilateral trade partnership ever negotiated by the European Union.
IBIA: Bunker Market Opportunities in Africa
The bunker market in Africa is evolving, with real opportunities for those willing to invest time and resource to overcome the obstacles. Illicit activities and poor practices are becoming less common, regulation is increasing and quality of service is improving. However, the increased regulation has in some places reduced competitiveness and as a result, is restricting market growth. This was the conclusion of the speakers and delegates at the International Bunker Industry Association (IBIA) Africa Regional Forum held in Cape Town, South Africa last week.
Colombo Port Boosts Volumes
The Chinese-built Colombo International Container Terminals (CICT), which opened for business in 2014, has made significant gains in container handling last year surpassing 1.5 million TEUs, according to local media. The Terminal has set a record in 2015 with handling 1.561 million TEUs representing 1.57 percent increase over the year before and 67 percent of this volume is from ULCC (Ultra Large Container Carrier) and VLCC (Very large Container Carrier) segments. CICT is the…
Azipod Slip Ring Order for Cavotec
Cavotec wins order from ABB for twenty compact Marine Propulsion Slip ring (MPS) units to be fitted to advanced Azipod marine propulsion systems. Under the terms of this project, Cavotec is scheduled to complete deliveries of the MPS units to ABB by the beginning of Q2 2013. Cavotec MPS units, fitted to Azipod systems, enable vessel propellers to rotate through 360 degrees in its vertical axis thus providing steering. The units ensure the safe transmission of electrical power for the main motors…
Wärtsilä Powers New Carnival Vessel
Wärtsilä has received an order to power the new cruise vessel of Carnival Corporation, USA carrying the preliminary name Carnival Dream 3. The vessel will be built by the Fincantieri Monfalcone shipyard in Italy and its launch is scheduled for August 2011. Carnival Dream 3 will enter service in the spring of 2012. Wärtsilä's scope of supply includes six Wärtsilä 46 engines. "Wärtsilä and Carnival Corporation have been cooperating for many years and a number of Carnival Cruise vessels carry our propulsion solutions.