MSC Cruises Returns to Thordon to Keep Seashore Clean

Thordon Bearings has received an order to supply a water-lubricated propeller shaft bearing solution to Fincantieri’s Monfalcone shipyard for installation to MSC Seashore, the third Seaside Class cruiseship to which Thordon’s COMPAC system has been specified.As part of a scope of environmentally-sustainable technology to feature aboard the 339m long, twin screw vessel – the first of two enriched Seaside Evo Class ships scheduled to enter services in 2021 – Thordon will supply two 628mm (24.7in) diameter COMPAC propeller shaft bearings…

BV Calls for Higher Ship Recycling Standards

Bureau Veritas Solutions Marine & Offshore is encouraging the shipping industry to embrace higher standards in ship recycling and offering its guidance to help meet the challenge of compliance. BVS, with a network of trained experts world-wide, provides ship owners, ship managers and ship recycling facilities with a full scope of services to support compliance. This is both during the operational life of a vessel and through the end-of-life phase, in order to enable all parties…

BIMCO’s Sand to Offer Boxship Insight in Athens

BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking and providing the audience with unique insights on the container market at the European Shipping Seminar on November 27, 2019 in Athens, Greece.The European Shipping Seminar, hosted by S&P Global Platts, will discuss the various topics relating to the commercial shipping markets and take a deep dive into how the shipping industry will navigate its way through the uncertain environment of the IMO 2020 Sulphur Cap.Container shipping outlookBIMCO has persistently stressed that trade wars and protectionism are negative for shipping.

MPA To Strengthen Cyber Collaboration Efforts

To strengthen collaboration on cyber resilience and response amongst 15 port authorities, the Maritime and Port Authority of Singapore (MPA) tabled a proposal to form and lead a “Port Authorities Chief Information Officer (CIO) Cybersecurity Network” (PACC-Net) at the 5th edition of the Port Authorities Roundtable (PAR) 2019. The proposed network will enhance cybersecurity awareness in the maritime sector and facilitate early sharing of cyber-attack information to counter cyber-attacks threats.Organized by the Port and Urban Projects Bureau of the Kobe City Government of Japan…

DFDS Selects NaturaLINE Refrigeration Units

Danish international shipping and logistics company DFDS Logistics said that it is purchasing 50 Carrier Transicold NaturaLINE units, which claimed to be the industry’s only natural refrigerant-based container refrigeration system.Carrier Transicold is a part of Carrier, a leading global provider of innovative heating, ventilating and air conditioning (HVAC), refrigeration, fire, security and building automation technologies.The NaturaLINE units use carbon dioxide, also known as R-744, a non-ozone depleting refrigerant with an ultra-low global warming potential (GWP) of 1.

India to Develop 204 Minor Ports

The government of India will put in place a comprehensive plan to develop 204 minor ports in the country in the next six months to boost coastal shipping and inland waterways, Union Minister Mansukh Mandaviya said. These minor ports will be developed so that it can support 12 major ports in India. Small cargo will reach to major port from minor ports and boost EXIM cargo, the minister said.All these ports have been centers of maritime activity in the past, and if revived, they can once again become important centers of sea trade.

France Conducts Training on Port Management

An intensive training on port management and operational efficiency was delivered to high-level officials and decision-makers from maritime and port authorities around the world.The annual five-week course, delivered by the Institut Portuaire d’Enseignement et de Recherche (IPER), concluded on 11 October in le Havre, France.The 33rd Advanced Course on Port Operations and Management welcomed 19 participants from 19 countries. Seven of these participants were women. The participating countries were Algeria…

APM to Double Intermodal Volumes at Gothenburg

APM Terminals Gothenburg plans to double the volume of containers transported by rail to and from Gothenburg by 2022.APM Terminals Gothenburg is connected to more than 300 inland destinations in Sweden via rail. With more than 60 rail shuttles per week, Gothenburg has an unprecedented rail coverage in Sweden.Insjön in Dalarna, some 460 kilometers from Gothenburg, showcases how rail can offer the best transport solution. Six weekly shuttles by Vänerexpressen, connect the center…

UK Focuses on Safety of Navigation

International Maritime Organization (IMO)'s rules and regulations for suppressing unlawful acts against the safety of navigation can be seen in the wider context of the global fight against terrorism.The United Nations Counter-Terrorism Committee Executive Directorate (UNCTED) carries out assessment visits to countries to assess their compliance with various international security instruments and UN Security Council resolutions.IMO took part in a follow-up visit to the United Kingdom (7-11 October) together with experts from Interpol…

Hudson Shipping Joins Trident Alliance

United States based commodities trader Hudson Shipping Lines (HSL) became a member of the Trident Alliance as part of the company’s ongoing ‘green’ initiatives.The shipping company is increasing its commitment to cleaning up the shipping industry in conjunction with two environmental organizations. Hudson has recently joined the Trident Alliance as a member.“The shipping industry has a tremendous opportunity to improve its impact upon the world with the IMO 2020 sulfur cap. Hudson…

Australia Hosts GloFouling Event

The GEF-UNDP-IMO GloFouling Partnerships project has concluded its inaugural Research and Development Forum and Exhibition on Biofouling Management, in Melbourne, Australia (1 to 4 October).Bringing together experts, regulators and industry representatives to discuss the latest advances in research, regulations and technologies related to marine biofouling across all maritime sectors, this is set to become the project’s biennial “signature event”.Over 170 participants and 40 speakers took part in a program that focused on how biofouling affects different maritime industries…

AIDA Cruises to Pilot Trial of Fuel Cell System

Carnival Corporation announced its Germany-based brand, AIDA Cruises, has partnered with leaders from the maritime and engineering sectors to pilot the world’s first fuel cell system designed to power large passenger vessels. As early as 2021, AIDA Cruises will trial this innovative fuel technology on AIDAnova, becoming the cruise industry’s first brand to trial fuel cells on a large cruise ship.The research project, named “Pa-X-ell2,” is designed to develop fuel cells that are powered by hydrogen derived from methanol…

German Ports Aim Cleaner Air

Germany's Federal Minister for Economic Affairs and Energy  Peter Altmaier and coastal states agree package of measures for shore-generated power.Instead of burning fossil fuels to generate shipboard electric power, in future vessels in port should be using renewable shore-based energy. The German government is now launching appropriate measures to promote shore-generated power.Along with the premiers of Schleswig-Holstein and Hamburg and representatives of the state governments of Mecklenburg-Western Pomerania…

BIMCO Offers Bunker Fuel Price Monitoring

BIMCO has developed a monitoring service for bunker prices, with data provided by MABUX, which is now available to all BIMCO members. The new interactive graphs allow price fluctuations in the major bunkering hubs of Singapore and Rotterdam to be tracked. They will show the bunker prices for 380cST HSFO (high sulphur fuel oil) and MGO LS (marine gas oil low sulfur), both in USD per metric ton, as well as the spread between the two fuel types, with data available since June 2017.

Gravesend Old West Street Pier to be Removed

Work to dismantle and remove the old West Street Pier in Gravesend is well underway. The pier was used for a number of years by passengers of the Gravesend-Tilbury ferry. But in 2012 the ferry service moved to the renovated Town Pier.The old West Street pier has therefore not been used for a number of years and is now in very poor repair. The structure was further damaged in winter storms last year.The Port of London Authority (PLA) has recently taken ownership of the old pier and begun work to remove the structure.

NYK to Improve Dry Bulk Fleet Safety

Japanese shipping company Nippon Yusen Kaisha (NYK) held its annual Dry Bulk Safety Conference at the company’s headquarters in Tokyo to share safety awareness and review trouble response for dry bulk vessels.A total of 75 participants from 41 Japanese shipowners and ship-management companies attended.The conference has been held every year since 2010 to promote safety through the exchange of ideas and the sharing of information about recent incidents with shipowners and ship…

Cleaner Air, Climate Plan for Port of Hamburg

Hamburg’s state government approved a large-scale expansion of shore-based power supply in the Port of Hamburg. This will create the conditions for a shift from shipboard diesel power supply to ecological electric power during lay times. With this expansion, Hamburg is playing a pioneering role in the field of alternative power supply during ships’ lay times in port.As the first port in Europe, from 2022 the Port of Hamburg will offer shore-based power supply both for cruise liners and mega-containerships.

Gothenburg Port Addresses Post-Brexit Challenges

It is now only weeks left until the UK leaves the EU. According to the current timetable, this will take place on 31 October. The question of Brexit is raised in the Port of Gothenburg.Although the road leading to this point has been long and at times rocky, the date of the UK's withdrawal from the EU is approaching relentlessly. A 'soft' or 'hard' Brexit does not matter – the UK will be classed as a ‘third country’ in relation to EU countries such as Sweden, as it will be outside the single market.

American Club Addresses Bunker Fuel Issues

The American Club has released its latest loss prevention guidance, Bunkering – A Compendium, together with website access to a comprehensive approach to loss prevention initiatives demanded by new regulations and generally by supplying guidance on operations and management.The Compendium is intended to give guidance not only in respect of issues arising from the new MARPOL regulations coming into effect on January 1, 2020, but also in regard to best practice generally in the conduct of bunkering operations.Joseph E.M.

Marlink ITLink for J. Lauritzen Gas Carriers

Danish shipping company J. Lauritzen has selected Marlink to deploy fully integrated and managed IT services on all Lauritzen Kosan managed gas carriers. The solution will be based on Marlink’s ITLink portfolio, with the KeepUp@Sea platform enabling automation of software and security updates, network and PC health monitoring and remote access for fast issue resolution. Once implemented, Lauritzen Kosan will benefit from a fully standardized ICT setup across its fleet, and have…

Survey: Robust Commitment to Low Sulphur Cap

Palau International Ship Registry (PISR) has completed a survey (IMO 2020 Sulphur Regulation | Your Opinion Matters) and the results show more than 44% of ship owners, operators and managers saying they will definitely comply with the forthcoming IMO regulations.The PISR survey was conducted over a six month period starting in April 2019 and asked ship owners, managers and operators for their views on the cap: how they intended to comply; if they believed the implementation date would change…

Autonomous Ships Market: $134.9B by 2030

The global autonomous ships industry is expected to generate $134.9 billion by 2030, witnessing a CAGR of 4.4% from 2020 to 2030.This projection is premised on an increase in demand for cargo transportation from marines and surge in operational safety of ships drive the growth of the global autonomous ships industry, according to a report published by Allied Market Research.Based on region, Europe is expected to register the largest growth rate with a CAGR of 4.9% from 2020 to 2030.

NaviGate2020 set for Turku, Finland

A new exhibition, Nordic Maritime Expo 2020, is set to take place in Turku, Finland, January 22-23, 2020.Billed as a presentation of the latest digital and clean tech ideas, Finland touts itself as the heart of global digitalization and green technical developments.NaviGate2020, the Nordic Maritime Expo will take place on January 22nd and 23rd 2020 in the Finnish city of Turku. It is the place to be to understand how Finnish and other leading shipping companies have begun embracing…

Car Carrier Shipping in Rough Weather

As car carrier shipping is expected to continue its slow recovery, backed by better utilization and minimal vessel ordering, costs are increasing while the trade outlook seems vulnerable to emerging geopolitical risk. Slow car carrier recovery is expected to lead to more distressed vessel sales as shipping lines focus on landside investments in search of profitability, according to the  global shipping consultancy Drewry.Seaborne trade in finished vehicles, including high & heavy and used autos…

Mitsubishi Wins Order for Two Ferries

Mitsubishi Shipbuilding Co., Ltd., a group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, has received orders for two large, high-speed ferries from Shin Nihonkai Ferry Co., Ltd. The vessels will be constructed at the Tategami Main Plant of MHI's Nagasaki Shipyard & Machinery Works, scheduled for completion and delivery in 2021.The two ferries on order will be 222.5m long, 25m wide, 20.4m deep, with draft of 7.4m and gross tonnage of approximately 15,400. Each vessel features capacity of 268 passengers, 154 trucks (12m length) and 30 passenger cars approximately.

Oil Tankers Fire Injures 10 in S.Korea

A fire that spread across two oil tankers in a South Korean port injured 10 people on Saturday, coastguard and fire officials said, adding the blaze had largely been put out.An explosion occurred on the Stolt Groenland, a 25,000-tonne, Cayman Island-flagged oil tanker, at the southern port of Ulsan at around 10:50 a.m. (0150 GMT), a coastguard official said.There were 25 sailors aboard, including Russians and Filipinos.The fire spread to another oil tanker docked nearby, the 9…

Moody's Downgrades CMA CGM's Rating

Global ratings agency Moody's has downgraded the corporate family rating of French shipping major CMA CGM due to its "materially weaker" liquidity. The rating was downgraded to B2 from B1.Concurrently, the company's senior unsecured ratings were downgraded to Caa1 from B3. The outlook was changed to stable from negative."Today's rating action reflects that CMA CGM's liquidity profile has weakened materially in the last 12 months as a consequence of the acquisition of CEVA Logistics AG…

Macquarie Acquisition of German Offshore Wind Approved

The European Commission has approved the acquisition of Ocean Breeze Energy GmbH & Co. KG by Sage Holdings, ultimately indirectly controlled by Macquarie Group Limited.Ocean Breeze Energy is the owner of North Sea wind farm BARD Offshore 1, from Unicredit. The 400MW offshore wind farm is positioned 100 kilometres off the coast of northwestern Germany.Under the EU Merger Regulation, the proposed acquisition would raise no competition concerns as the companies are not active on the same or vertically related markets…

UN Hails Shipping Progress on Environment

In a cautious yet upbeat message at the close of the Climate Action Summit in New York, UN Secretary-General Antonio Guterres praised the progress made by shipping in the race against the climate crisis, describing it as a "huge step up".He referred to efforts being made by key players in the maritime industry to chart a course for carbon neutrality by 2050 in order to implement International Maritime Organization (IMO)'s initial greenhouse gas reduction strategy. The strategy…

IMO Progressing in Global Climate Action

The UN Climate Action Summit in New York (23 September) is giving global leaders the chance to show the world concrete proposals and tangible actions being taken in the fight against climate change.IMO Secretary-General Kitack Lim has been reporting on the solid progress being made by the Organization to reduce GHG emissions from international shipping, in support of the 2030 Agenda for Sustainable Development, in particular SDG 13 on Climate change.Lim delivered a keynote address at the opening of the World Economic Forum event on decarbonizing shipping.

Maersk Upgrades its Digital Warehousing

A.P. Moeller – Maersk will extend its end-to-end container logistics services with JDA Software Inc.’s Warehouse Management solutions, further building its warehousing and distribution services.American software and consultancy company providing supply chain management said Maersk will gain support in its ambition to provide visibility throughout the supply chain to improve on-time performance, adapt to real-world disruptions and simplify its customers’ supply chains.Today Maersk…

LR to Lead REShiP Project

The maritime classification society Lloyd’s Register has been brought in to coordinate REShiP (Renewable Energy Ship Propulsion) project to research and develop renewable energy ship propulsion technologies.REShiP  started in April 2019 with the aim of identifying the best solutions connected with the shipboard installation of an innovative power generation system for propulsion and on-board use, with an almost total reduction of both pollutants and noise emitted.The project is…

Sovcomflot Elects New Chairman and New CEO

On September 24, 2019, the Board of Directors of PAO Sovcomflot elected Sergey Frank as its new Chairman. Igor Tonkovidov was appointed as the company's new Chief Executive Officer. Both appointments are with immediate effect.The meeting was attended by Maxim Akimov, Deputy Prime Minister of Russia, who noted in his address: "Through consistent implementation of Sovcomflot's Strategies 2005-2011 and 2012-2018, the company has transformed itself into a global leader in energy shipping and offshore services. Over the past 15 years, Sovcomflot fleet has grown more than threefold.

Topaz Extended Drydocking Scheme with ABS

Topaz Energy and Marine, the offshore support vessel company providing marine solutions to the global energy industry, and ABS have, together with the State Maritime Agency under the Ministry of Transport, Communications and High Technologies of the Republic of Azerbaijan (ASMA), announced the implementation of a pioneering project enabling a condition-based survey approach."This achievement, which resulted from the visionary approach between Topaz, ABS and ASMA, marks a significant step in Topaz’s journey to transform its fleet to a condition-based class model…

K+N to be CO2 Neutral for Shipments

Switzerland-based global transport and logistics company Kuehne + Nagel International AG has launched a Net Zero Carbon program that will aim to reduce the environmental impact of supply chains.In addition to the continuous reduction of its own CO2 emissions, the company now offers its customers solutions for reducing the CO2 footprint of their supply chain. With the use of big data and new digital platforms, the selection of transport routes and modes can be optimized from a…

France's Cannes to Ban Polluting Cruise Ships

Mediterranean resort town Cannes, France's fourth-biggest cruise ship port, will ban the most polluting cruise ships from next year in a bid to boost air quality in the city.The ban will target ships that do not respect a 0.1% cap on sulphur in their fuel and could stop some passengers from disembarking in the city famous for its film festival."It's not about being against cruise ships. It's about being against pollution," Cannes Mayor David Lisnard told Reuters Television in an interview.Under the European Union's clean air policy…

Shipping Sector Sets Course for Zero Carbon

Leading ports, banks, oil and shipping companies on Monday launched an initiative which aims to have ships and marine fuels with zero carbon emissions on the high seas by 2030, in another step by the maritime sector to reduce CO2.International shipping accounts for 2.2% of global carbon dioxide (CO2) emissions and the U.N.'s International Maritime Organization (IMO), has a long-term goal to cut greenhouse gas emissions by 50% from 2008 levels by 2050.Achieving this target will…

World First: Hydrogen Tug at Antwerp Port

Europe's second-largest seaport Port of Antwerp has ordered construction of a tug powered by hydrogen, the first in the world.The unique "Hydrotug" is driven by combustion engines that burn hydrogen in combination with diesel. The motors also comply with the very strictest standard, the EU Stage V, making them the lowest-rated for emissions on the market.The Belgium-based port operator said that this ultra-low-emission tug is being built by Compagnie Maritime Belge (CMB), a pioneer in the field of hydrogen power for shipping.

UK Ports Bullish on Maritime Economy

Maritime industry professionals remain confident about the year ahead despite wider uncertainty, according to new data published by the British Ports Association. Ports themselves are more likely to be worried about the economy over the next 12 months, however.Less than a third (29%) of ports feel confident about the economy in the next year, but 51% of the wider maritime industry feels confident. 83% of ports were planning investments into new business services, property or infrastructure…

US Fines HHI $47Mln Over Dirty Engines

US authorities announced that South Korea's top shipbuilding conglomerate Hyundai Heavy Industries (HHI) will pay a US$47 million fine for illegally importing and selling dirty diesel engines in violation of American environmental rules.US Justice Department and and the U.S. Environmental Protection Agency (EPA) said that between 2012 and 2015, the company imported nearly 2,300 diesel-powered heavy construction vehicles with engines that did not meet US emissions standards.“Hyundai put profits above the public’s health and the requirements of the law…

Shea Awarded Annual Connie Award by CII

Some 300 transportation leaders packed a hotel ballroom Tuesday as the Containerization and Intermodal Institute presented its Connie Award to William J. "Bill" Shea, CEO of Direct ChassisLink Inc. (DCLI). J. Christopher Lytle, recently retired Executive Director of the Port of Oakland and former head of the Port of Long Beach, was given the group's Lifetime Achievement Award. The gala event was held at the Renaissance Hotel in Long Beach, CA.In his presentation remarks, Michal J.

Qatar, Shell Partner on LNG Bunkering

State-owned Qatar Petroleum and the Netherlands-based oil and gas company Shell signed a shareholder agreement to establish a joint venture for global LNG bunkering services.The agreement signed by Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments B.V. paves the way for the establishment of a joint venture company owned equally by both parties, subject to customary regulatory approvals.The new company’s principal business activities will include the procurement of LNG…

Clarke Joins Seaspan Shipyards as CFO

Seaspan Shipyards (Seaspan) has announced the appointment of James Clarke as Chief Financial Officer (CFO). With more than 15 years of senior finance experience in engineering and industrial environments Mr. Clarke brings his strong background in strategic finance to Seaspan’s growing shipbuilding and ship repair operations.Clarke joins Seaspan from the Houston, Texas, office of SNC Lavalin where he was the Chief Financial Officer and Senior Vice President of Finance for the Oil and Gas Division with operations in the Americas, Middle East, and Australia.

NYK Conducts Japan’s First Carbon-Neutral Voyage

NYK has become the first Japanese shipping company to realize a carbon-neutral voyage by offsetting 5,000 tons of carbon dioxide (CO2), equivalent to the CO2 emitted by NYK’s environmental flagship car carrier Aries Leader during one voyage between Japan and the Middle East.Aries Leader is equipped with the latest energy-saving technologies, reducing CO2 emissions per unit by 30% compared with existing large pure car carriers (i.e., comparing emissions on a per car basis). In this initiative…

MPC Joins Trident Alliance

Norwegian shipowner MPC Container Ships (MPCC) as become the latest member of Trident Alliance, a network of shipping companies and other stakeholders.CEO Constantin Baack said: "Joining the Trident Alliance allows us to align our company with an important network of like-minded industry peers, and support industry-wide calls for effective and transparent enforcement around the world."Trident Alliance is a coalition of shipping owners and operators who share a common interest in effective…

Langh Ship Going Green

Finnish shipping company Langh Ship said that it takes environmental matters into account in their day-to-day operations, and efforts to improve the state of the world’s seas are important to all Langh companies."The environmental perspective has been at the core of the Langh companies’ operations for some time now, and the companies are a partner of the John Nurminen Foundation and a supporter of the Foundation’s Clean Baltic Sea projects," said a press release from the owner…

GPA to Double Capacity, Draws $5Bln Investment

The Georgia Ports Authority (GPA) has revealed plans to double capacity at Garden City Terminal to 11 million twenty-foot equivalent container units per year.In Fiscal Year 2019, port-related industries announced $5 billion in new investment and 12,000 new jobs coming to Georgia.Port-related announcements of expansions and new business accounted for nearly $5 billion in investment and 12,000 jobs across the state of Georgia in Fiscal Year 2019, a year in which the Port of Savannah…

Australia Bans Two Bulkers Over Mariner Pay Spat

The Australian Maritime Safety Authority (AMSA) has banned two foreign-flagged bulk carriers from Australian ports after their crews reported being underpaid.The Chinese-owned bulk carrier MV Xing Jing Hai and the Panama-flagged MV Fortune Genius were banned for 18 months and 12 months respectively.AMSA surveyors boarded the Fortune Genius in Gladstone after receiving a complaint via the International Transport Workers’ Federation.AMSA’s investigation revealed the crew of the Fortune Genius had been deliberately under paid by the operator…

German Trains to Run on Offshore Wind

German Rail (Deutsche Bahn – DB) has closed Germany’s first power purchase agreement (PPA) to buy electricity from an offshore wind farm.German Rail has signed a five-year deal starting in 2024 to buy the output of 25MW, or 8%, of the 295MW Nordsee Ost wind farm in the North Sea from utility Innogy and RWE Supply & Trading.The contract will run for five years, beginning in 2024. The supplied volume comprises 25 megawatts, which is the equivalent of four wind turbines. That is eight percent of the total production of the wind farm…

Ports Asks EU to Focus on Port Economy

Antwerp and Rotterdam Port Authorities asked new European Commission (EC) and Parliament to focus on the economic significance of ports.The energy transition and digitization are the two strategic challenges facing large industrial ports. The European Union can offer port authorities and industrial clusters important incentives to achieve the transition toward the CO2-neutral ports of the future.That is why Antwerp and Rotterdam Port Authorities have taken the initiative to organize a joint event for European policy makers…

MARAD Offers New Training Courses

The U.S. Maritime Administration (MARAD) launched newly-accredited, web-based training courses on cargo preference laws and regulations. The courses were developed in collaboration with Defense Acquisition University (DAU). They are intended to enhance comprehension of and compliance with cargo preference laws by other federal agencies, supporting contractors, and program participants, such as loan and grant recipients.Cargo preference laws and regulations protect the Nation’s cargo interest by statutorily mandating the use of U.S.-flag vessels for cargo purchased…

K Line Takes Delivery Of Corona Citrus

Japanese shipping giant Kawasaki Kisen Kaisha (K Line) has taken delivery of a 88,000 dwt coal carrier from compatriot shipbuilder Imabari Shipbuilding in Marugame.Named Corona Citrus, the vessel was delivered on September 11 for electric utility Electric Power Development Co. Ltd.The new Corona coal carrier will be principally involved in carrying thermal coal to thermal power plants for the company.Corona Citrus is equipped with WAD (Weather Adapted Duct) in front of the propeller which promotes her propeller efficiency and Hybrid Fin behind the propeller which accelerates energy savings…

Marine Coatings Market: Clean, Green & $9.3B by 2025

In its latest analysis of the marine coatings sector, UK-headquartered market analyst Frost & Sullivan’s has shown that increased development and adoption of more environmentally sustainable and durable antifouling coatings using higher priced chemistries is a fast-growing trend in the marine sector. In addition, Frost & Sullivan’s report, ‘Global Marine Coatings Market, Forecast to 2025’, says that the Asia-Pacific region is expected to dominate the market owing to its large…

Do Ports Need Global Regulation?

Ports are essential for the global supply chain - but do they need more international regulation?High-level speakers engaged in a lively debate at a joint Hutchison Ports, International Maritime Organization (IMO) and IMO International Maritime Law Institute (IMLI) seminar (9 September), to address the question: "Do ports need international regulation?"IMO Secretary-General Kitack Lim reminded the audience that the IMO Convention does give the Organization a mandate to regulate…

Study: Ship Tech a $278B Market by 2030

New research into maritime startups concludes that higher bandwidth connecting ships to shore at lower costs is empowering a new breed of single-minded innovators to bring the true benefits of digitalization to the shipping and offshore sectors, according to a report conducted for Inmarsat by UK GovTech venture firm and research house, PUBLIC, The report, ‘Trade 2.0: How Startups are driving the next generation of maritime trade’, co-authored by Nick Chubb and Leonardo Zangrando…

Trelleborg Helps Accommodate Cruise Ships

One of Mexico’s most popular tourist destinations, Puerto Costa Maya, has upgraded its port to simultaneously accommodate four cruise vessels – one more than previously, including two Oasis-class cruise ships. As part of the project, Trelleborg’s marine and infrastructure operation supplied the port with its SeaGuard foam fenders and MSB-150 bollards, which were added to both sides of the pier.Berths three and four at Puerto Costa Maya were extended by 140 meters and, as an open-water port, it is subject to harsh weather including heavy waves and extreme wind.

SFI Acquires Three VLCCs From Hunter Group

Bermuda-based ship-owning and ship chartering firm Ship Finance International Limited (SFL) has agreed to purchase three very large crude carriers (VLCCs) from Norwegian investment company Hunter Group. The 300,000 dwt oil tankers are currently being constructed by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME). Hunter Group placed the order for the VLCCs last year. SFI will pay almost $60 million for each tanker and a total of $180 million for all three.

UK Risks Losing Edge in Maritime Services

Britain's position as a top hub for maritime services is being eroded by competition, a loss of shipping finance business and the removal of tycoon-friendly tax breaks, a report said, deepening uncertainty for its financial sector as Brexit nears.The UK has been a pivotal global shipping centre for centuries, especially the City of London, and has dominated marine insurance, ship broking, shipping finance and other maritime services.These contribute $5.6 billion a year to Britain’s economy…

NYSE Begins to Delist Seadrill Partners

The international offshore drilling contractor Seadrill Partners LLC announced that it has been notified by the New York Stock Exchange that trading in SeaDrill's common units on the exchange has been suspended and the procedure to delist the units has been initiated.According to the UK-based offshore deepwater drilling company, the NYSE's decision was the result of the company's low market capitalization.SeaDrill said its common units are expected to begin trading in the over the counter (OTC) market beginning September 6…

Antwerp Port, Amazon Test Drones

The SAFIR consortium of partners – Amazon Prime Air, Aveillant, C-Astral, DronePort, Elia, Explicit, Helicus, Port of Antwerp, Proximus, SABCA, Skeyes, Tekever and Unifly – tested the first simultaneous drone flights today in Sint-Truiden DronePort, for among other things package deliveries, inspection flights and emergency situations. European Commissioner for Transport Violeta Bulc also followed the demonstrations from the front row. SAFIR stands for "Safe and Flexible Integration of Initial U-space Services in a Real Environment…