Brazil Okays BW Offshore's Oilfield Buy
Norwegean provider of floating production services to the oil and gas industry BW Offshore has won approval from Brazilian oil regulator ANP for the purchase of the Maromba oilfield, part of the Oslo-listed company's plan to become an operator and not just a supplier of oil services, platforms and ships.The purchase, from Chevron Corp and Petrobras, extends BW's operations in Brazil, where it already has two floating production, storage and offloading (FPSO) units.“We are proud to announce that our subsidiary BW Energy has been approved by the razilian National Agency of Petroleum…
NIMASA Invests in Maritime Security
The Nigerian Maritime Administration and Safety Agency (NIMASA) reports it has graduated another 298 surveillance officers in basic training course for the implementation of the Integrated Security and Waterway Protection Infrastructure also known as the Deep Blue Project.Speaking at the graduation ceremony held at the military base in Elele in Rivers State, the Director General of NIMASA, Dr. Dakuku Peterside noted that the capacity development component of the Deep Blue project…
Shewring to lead Hempel R&D
Hempel appointed Nigel Shewring as its new Group Director of Research & Development (R&D), responsible for managing the overall activities in Hempel’s 15 R&D centers globally.“The world of coatings is very complex and our experts play a crucial role when it comes to sharing knowledge about both challenges and solutions in our industry,” said Steen Hoff, Hempel’s Acting Director of Operations. Nigel will help ensure that we continue to develop both our own and our customers’ understanding…
German Award for AIDA Cruises
AIDA Cruises' newest ship AIDAnova recognized with prestigious international certification for excellence in environmentally friendly ship design by Germany's Federal Ministry for the Environment.Carnival Corporation, the world's largest leisure travel company and the owner of German brand AIDA Cruises, said that AIDAnova features several innovative approaches to "green cruising," including being the first cruise ship capable of being powered in port or at sea by liquefied natural gas (LNG)…
Maersk Q2 Beats Expectations Amid Trade War
The world's biggest container shipping company AP Moller-Maersk delivers a 17% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.4 bn in Q2 compared to the same quarter last year.Revenue grew slightly to USD 9.6bn, which is on par with last year, and the underlying profit increased to USD 134mln from USD 15mln in Q2 2018.“Q2 was a quarter of solid progress. EBITDA was up 17% and cash flow improved 86% year on year, driven by continued recovery in Ocean,” says Søren Skou, CEO of A.P. Moller – Maersk.
HHLA Group Revenue Up 9.6 %
German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) said that it has closed the first half of 2019 with rising revenue and results, despite a challenging market environment.Container throughput increased moderately, due in particular to the successful integration of the Estonian terminal operator HHLA TK Estonia, which was acquired last year. A significant rise in container transport was achieved, said a press release.In conjunction with a strong increase in revenue in the Logistics segment and a once again moderate increase in revenue from property management…
HII Announces Leadership Changes At Shipyards
Huntington Ingalls Industries announced today leadership changes at its Ingalls Shipbuilding and Newport News Shipbuilding divisions.Premo Sabbatini has been promoted to vice president of central planning and process excellence at Ingalls Shipbuilding. He succeeds Rick Spaulding, who has accepted a position as vice president of business process standardization at Newport News Shipbuilding.Sabbatini will transition from Ingalls’ amphibious assault ship (LHA) program, where he is the program manager, later this year.
Cruise Ships Dump 90% of Grey Water in BC
1.54 billion liters of grey water were generated by ships off the British Columbia coast in 2017 - the equivalent of more than 600 Olympic-size swimming pools, said a study.World Wildlife Fund Canada says cruise ships traveling between Washington state and Alaska are responsible for dumping "the vast majority" of the potentially toxic grey water that ends up off the B.C. coast each year.Cruise ships accounted for 1.37 billion (almost 90%) of the 1.54 billion liters of grey water generated off the B.C.
Trelleborg's Automoor for Port of Tallinn
Trelleborg’s marine and infrastructure operation has been awarded a contract to install its rope-free automated mooring system, AutoMoor, at the Old City Harbor at the Port of Tallinn, which is the biggest harbor in Estonia and one of the busiest passenger harbors in the world.In first quarter of 2020, Trelleborg will install six units of its AutoMoor T40 Twin Arm at the Old City Harbor’s Berth 13 cruise ferry wharf to facilitate faster berthing processes and improve safety levels within the port environment.
Trafigura in Fuel JV with Frontline, Golden Ocean
Trafigura Group is joining forces with shipping firms Frontline and Golden Ocean to set up a company to supply shipping fuels ahead of a shake up in regulations next year which could disrupt fuel delivery and cause prices to spike.The three companies said on Tuesday that subject to agreement on final terms, the joint venture is expected to start operating in the third quarter.From Jan. 1, International Maritime Organization (IMO) rules will bar many ships from using marine fuel, also called bunker fuel, containing more than 0.5% sulphur in order to help reduce air pollution.
Ship Recycling: Wallenius Wilhelmsen Wins Award
Norwegian/Swedish shipping company Wallenius Wilhelmsen’s role in developing the pioneering Ship Recycling Transparency Initiative has been recognised with another award from the automotive sector, as efforts to improve vessel recycling practices step up a gear."Wallenius Wilhelmsen’s founding role in the Ship Recycling Transparency Initiative (SRTI) has been recognised with a second automotive industry award," the logistics and shipping solutions provider said in a press note.Wallenius…
Mitigating Maritime Risk
“The First Steps in Mitigating Contemporary Risks to our Strategic Sea Lines of Communication”It is indisputable that the world’s economy floats on seawater. It is equally indisputable that international maritime transportation is the tool that keeps the global economy moving. The world economy has surged over the last half century, and that growth has been largely driven by globalization and the consequent reduction in barriers to trade. Any operational disruptions in maritime transportation have wider consequences for society…
Marad Seeks Input on Domestic Maritime CoE Policy
The U.S. Department of Transportation’s Maritime Administration (MARAD) today announced progress in establishing Centers of Excellence for Domestic Maritime Workforce Training and Education (CoE), which would recognize and support community colleges and training institutions that prepare Americans for careers in the maritime industry. The Maritime Administration is seeking public comment on the proposed policy.“These educational institutions benefit America’s national security and economy by growing and strengthening our maritime work force,” said U.S. Transportation Secretary Elaine L.
NYK Talks Openly About Safe Operations
On August 7, 20 NYK executive officers and a group of six vessel captains and chief engineers held a meeting at NYK headquarters in Tokyo to openly exchange opinions about the safe operation of vessels that the NYK Group is managing and operating.This meeting is part of NYK’s two-month Remember Naka-no-Se safety campaign,* and is chaired by NYK president Hitoshi Nagasawa, who oversees NYK’s Safety and Environmental Management Committee** so that top management can exchange opinions…
Genco: Comprehensive IMO 2020 Strategy
Genco Shipping & Trading said that a comprehensive IMO 2020 strategy underway and four of its capesize vessels have had scrubbers successfully installed to date, and it anticipate its remaining capesize vessels to be scrubber-equipped by the end of 2019."We continue to progress on the execution of our comprehensive plan of compliance with the upcoming IMO 2020 emissions standards that targets a significant reduction of emissions from vessels globally," said the U.S.-based provider…
Chelsea Technologies Appoints Paull as MD
Chelsea Technologies, a leader in the design and manufacture of sensors for the maritime sector and a Sonardyne company, has announced the appointment of Elizabeth Paull as its new managing director. Paull, who joins the company from leading subsea technology developer Sonardyne International, has been appointed to further develop Chelsea Technologies as a market leader in environmental sensing technology across a variety of industry sectors, and particularly in maritime where…
Oldendorff Chooses PAS ε-ORB Software
Cyprus-based maritime technology & marine risk prevention firm Prevention at Sea Ltd has been awarded a contract from Oldenorff Carriers for switching from the traditional paper Oil Record Book to ε-ORB (electronic Oil Record Book).Oldendorff Carriers’ decision was based on recognition of the burdens arising from the use of the traditional paper version of MARPOL Oil Record Books as well as the complexity and accuracy of recording proper operational entries relating to discharges…
New Deal for Port of Immingham
Associated British Ports (ABP) announced new customers for the Port of Immingham this week as the port welcomed the first vessel in a new contract with customers Top Blue and The Fuel Trading Company.The new deal is expected to bring an extra 30,000 tonnes per year through the Port of Immingham – the largest Port by tonnage in the UK. The cargo being delivered is Prilled Urea which is a key part of the mixture for the AdBlue market.AdBlue is a fluid which is put into vehicle exhaust systems, helping to reduce emissions produced by diesel engines.
MSI Launches Digital 'MSI Horizon' Platform
Maritime Strategies International has unveiled MSI Horizon, a new digital platform which enables clients to access the consultancy’s proprietary macro and shipping market models and asset valuations data via a single interface.The creation of an integrated data platform means MSI clients can quickly and easily run market simulations and see the results across multiple shipping sectors.This includes creating their own forward outlook on valuations and earnings scenarios by adjusting inputs such as GDP growth and vessel supply and demand.
Pacific Basin Hopeful on Dry Bulkers
The dry bulk freight market is expected to benefit in the second half of 2019 and early 2020 from many larger ships being taken out of service for several weeks for scrubber installation, said Hong Kong-based Pacific Basin Shipping Limited.The maritime transport company engaged in international dry bulk shipping through the operation of a fleet of vessels to carry diverse cargoes for many of the world's leading commodity groups said: "We believe the market for smaller dry bulk ships like ours will benefit also over the longer term…
PoLB Receives Cleanest Ship to Visit U.S.
Mediterranean Shipping Company’s MSC Jewel, the cleanest container ship to visit the United States, has stopped by the Port of Long Beach (PoLB).According to a release from the second-busiest container port in the United States, after the Port of Los Angeles, which it adjoins, MSC Jewel arrived at Total Terminals International’s Pier T facility on July 12.The ship, 1,200 feet long with a capacity of 14,436 twenty-foot equivalent units, was built in 2019 and is powered by Tier III diesel engines (main propulsion and auxiliary power)…
ABB Enhances Safety of Sovcomflot’s Arctic Fleet
ABB has won a contract to supply ABB Ability Remote Diagnostic Systems for Marine to eleven Sovcomflot vessels operating in the Arctic and Russia’s Far East, helping optimize safety and performance through 24/7 remote support.Sovcomflot’s vessels will be among over 1,000 ships connected to ABB Ability Collaborative Operation Centers worldwide. From here, ABB experts monitor operational shipboard systems, coordinate remote equipment diagnostics and offer predictive maintenance services – 24/7. This can be especially crucial for vessels operating in remote areas.
NYK Bulk Shipping Records Lower Profit
Japanese shipping and logistics company Nippon Yusen Kabushiki Kaisha (NYK) said that its bulk Shipping division recorded lower profit than previous year.In the first quarter of the fiscal year ending March 31, 2020 (April 1, 2019, to June 30, 2019), its revenues from the bulk shipping amounted to 195.1 billion yen registering -11.3 decrease compared to the same period last year. The profit is down by -1.2 at 9.2 billion yen"Energy and Car transport is robust but lower dry bulk market due to production stoppage in Brazil and Western Australia…
Weak Iron-Ore Demand Weighs on Baltic Index
The Baltic Exchange's main sea freight index fell for a seventh straight session on Wednesday, as demand for shipping iron-ore fell in the Atlantic.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 1.6%, or 31 points, to 1,868 points. The index has still more than tripled since February, mainly driven by strong demand for vessels that ship iron ore from Brazil into China."A step back was witnessed during this past week in freight levels, as activity seems to have slowed down on the key Brazil – China route," Allied Shipbroking said in a note.
Steel Cut on Second Costa Cruise Ship
The steel cutting ceremony of the second Costa Cruises ship build at Meyer Turku commenced with new traditions: The brand new plasma cutter line was used for the first time in a production start ceremony.Costa Cruises’ Costa Toscana will be the first ship benefiting fully from the new panel line of Meyer Turku. The panel line is just one of the major over 100 million euro investments inside the steel halls, the whole shipyard going through an investment program of 200 million euros.
ICS Weighs in on Proposed Panama Canal Tolls
Global Shipping Industry Delivers Comments to Official Consultation on Proposed Modifications to Panama Canal Tolls.The Panama Canal Authority (ACP) is conducting a public consultation on a proposal to adjust the Panama Canal tolls for containerships, vehicle carriers, dry bulk carriers, tankers, chemical carriers, LPG and LNG vessels, passenger vessels and small vessels. The proposed new toll charges are anticipated to enter into effect on 1 January 2020, the same day as the IMO ‘Global Sulphur Cap’ regulation.
DP World to Boost Turkish Capacity, Mulls Acquisitions
Port operator DP World intends to increase its capacity in Turkey's western Yarimca port by 30% with $50 million investment by Q2 2020, its Turkish unit's chief executive Kris Adams said.Speaking to reporters in Istanbul, Adams also said that DP World is also in the market for acquisition of other Turkish assets but is waiting for the right price."We would be willing to look at acquisitions in the Turkish market if opportunities arise," Adams told reporters."There are local players that are willing to exit the industry but they are still working with very high multiples.
Maersk Gets Saudi Ports Licence
The Saudi Ports Authority (Mawani ) has issued a license to the local subsidiary of Maersk in order to operate in all ports across Saudi Arabia.According to the state news agency SPA, the step comes along with the authority’s strategy to improve the efficiency and quality of performance and services offered in Saudi ports.The new Maersk shipping license is the fourth of its kind to be issued to foreign investors in the Kingdom. Maersk joins other major lines of Barwil, Hapag-Lloyd and the Mediterranean Shipping Company…
Glencore's Shipoil to Digitalize IMO 2020 Ops
The Greece-based global bunker fuel and marine lubricants trader Shipoil has appointed Inatech, a unit of Glencore, to digitalize its trading and supply operations as part of a strategy to prevent new low-sulphur emissions rules from 2020 eating into profits.Shipoil offers worldwide bunker supply. The company, based in Piraeus, has been expanding its operations, most recently in the Mediterranean and Middle East.Inatech’s energy trading and risk management (ETRM) system for the bunker industry uses cloud-based computing to reduce operational and counterparty risk…
SOHAR Initiates Greening Project
The deep-sea port and adjacent free zone in the Middle East, SOHAR Port and Freezone recently entered into a Service Level Agreement (SLA) with Sohar University and Qualies (the Organization for Quality and Innovation Strategies).The collaboration will see a tree planting initiative that will further the principle of ecological protection and management, alongside ensuring all the operations of SOHAR are in compliance with Oman’s sustainability objectives, said a press release.The signing ceremony took place on July 17 at the Sohar University…
Panama Canal, UN Join Forces on Climate Action
The Panama Canal and UN Environment signed a cooperation agreement today to join efforts on sustainable development and combatting climate change.Signed by the Administrator of the Panama Canal Jorge L. Quijano and the Regional of UN Environment in Latin America and the Caribbean Leo Heileman, the agreement includes the exchange of experiences and knowledge, the development of programs and research in areas of shared interest, and human resources training across both institutions.The…
Interferry Charts a Course for Growth
Interferry CEO Mike Corrigan explains why the global trade association is poised to take its work to the next level.While I respect the mantra of cautious optimism, I can’t help feeling genuinely excited that 2019 could prove to be a milestone year in the continuing growth of Interferry’s influence as the global voice of the ferry industry. We’ve come a long way since our US origins in 1976 as what was essentially a networking movement, but developments in recent months already suggest we are on course for yet more enhancement of our present-day worldwide networking and lobbying relationships.
Fourth Global Regulatory Summit Held at FMC
Senior government officials from the European Union (EU), the People’s Republic of China (PRC), and the United States met Wednesday at the Washington, D.C. headquarters of the Federal Maritime Commission (FMC) to participate in the Fourth Global Regulatory Summit.Attendees represent the competition authorities responsible for regulating international liner shipping in the world’s largest liner trade lanes. The delegations were led by Director Henrik Morch from the Directorate General for Competition of the European Commission and Deputy Director-General YI Jiyong of the Water Transport Bureau…
CSL, Oldendorff Join Trident Alliance
The CSL Group and Oldendorff Carriers have joined Trident Alliance, the industry coalition that is calling for the robust and transparent enforcement of environmental regulations, such as IMO 2020.The network of shipping companies and other stakeholders said that as members of The Trident Alliance, the CSL Group and Oldendorff Carriers have committed to compliance with the new IMO 2020 regulations.“Safety and environmental stewardship are fundamental corporate objectives and core values at CSL…
DP World to Build $1.2B Port in Indonesia
DP World and Indonesia’s leading conglomerate Maspion Group have signed two preliminary agreements to create a $1.2 billion container port and industrial logistics park in East Java.It is the first joint venture of its kind in the Indonesian transportation sector involving a private sector partnership between an FDI partner and a private sector Indonesian company in Maspion, within the context of cooperation in maritime services with the state-owned maritime services operator Pelindo III.
Indonesia Gets 1st Kalmar Eco Reachstacker
Kalmar, the provider of cargo-handling solutions and services to ports, has signed a contract with Cikarang Dry Port, for the delivery of the first Kalmar Eco Reachstacker in Indonesia. Kalmar is part of Cargotec group.The order was booked into Cargotec’s 2019 second quarter order intake and scheduled for delivery in July of 2019.Cikarang Dry Port is a public inland port located in the eastern corridor of greater Jakarta. It serves direct export import for the surrounding industries under multimodal transport bill of lading provided by shipping lines partners.
Joseph Angelo Wins Global Maritime Prize
The prestigious International Maritime Prize for 2018 is to be awarded to Joseph J. Angelo, a former United States Coast Guard (USCG) and International Association of Independent Tanker Owners (INTERTANKO) senior executive who participated in International Maritime Organization (IMO) meetings for many years, providing leadership on a number of key regulatory developments.The International Maritime Organization (IMO) Council, meeting for its 122nd session in London (15-19 July) decided to award the Prize to Angelo…
Damen to Prepare Stad Amsterdam for ‘Green Ambassador’ Role
On July 18, 2019, a press conference was held at the Willemsoord historic harbor in Den Helder. The subject of the meeting was the mid-life maintenance program of the Clipper Stad Amsterdam, scheduled to take place in Den Helder in late 2019 and early 2020.During the maintenance program, Damen Shipyards Den Helder will carry out a scope of work in the former naval dockyard Willemsoord that will increase the efficiency and sustainability of the Damen-built vessel, preparing her…
ChartCo Names Malaika D’souza for Americas
ChartCo, the provider of navigation and compliance solutions shipping, named Malaika D’souza as its new representative for the North and South American regions.According to the distributor of navigational data, nautical charts, marine technical publications and digital products, Ms D’souza, who has successfully grown ChartCo’s revenues and customer relationships across India and the Middle East over the past 3 years has now relocated to Toronto to take up the full-time position…
Iran: British-flagged Tanker Seized in Gulf
Iran's Revolutionary Guards said on Friday they had captured a British-flagged oil tanker in the Gulf after Britain seized an Iranian vessel earlier this month, further raising tensions along a vital international oil shipping route.Britain said it was urgently seeking information about the Stena Impero after the tanker, which had been heading to a port in Saudi Arabia, suddenly changed course after passing through the Strait of Hormuz at the mouth of the Gulf.The Revolutionary…
LCS Commissioning Scheduled for Indiana Port
The Port of Indiana-Burns Harbor will host Indiana’s first U.S. Navy vessel commissioning ceremony when it commissions the USS Indianapolis littoral combat ship on Saturday, Oct. 26 at its facility on Lake Michigan.The commissioning of USS Indianapolis will mark the fourth time a U.S. Navy vessel will bear the name of Indiana’s capital city. The name has a rich heritage, dating back to World War I. The most notable vessel, USS Indianapolis (CA 35), was torpedoed by a Japanese submarine in 1945 in the closing days of World War II. Only 317 of the 1,196 men on board survived.
Setting the Course for Low Carbon Shipping
In a collective call to action for the decarbonization of shipping last year, 34 signatory CEOs from the industry made clear that efforts to significantly lower the carbon footprint of shipping presented “biggest technology challenge in the past 100 years”.This statement was not an exaggeration. In fact, the transition to a low-carbon future will take more than an unprecedented commitment to the research and development that traditionally underpins technological advance. Finding complex solutions that are at once commercially viable…
INSIGHTS: John F. Reinhart, CEO, Virginia Port Authority (VPA)
John F. Reinhart is the CEO and executive director of the Virginia Port Authority (VPA). He is responsible for the broad programmatic areas of business development and growth, strategic marketing, finance, and operations of Virginia’s marine terminal facilities: Virginia International Gateway, Newport News Marine Terminal, Norfolk International Terminals, Portsmouth Marine Terminal, Richmond Marine Terminal and the Virginia Inland Port.Under his leadership, the goal has been to…
MOL Sets Terms of Green Bonds
Japanese shipping major Mitsui OSK Lines (MOL), the first company in Japan to issue sustainability bonds aimed at individual investors, has revealed interest and investor details of its new JPY 20bn ($185.7 million) “sustainability bonds” to fund its latest green initiatives.The funds raised will be used for several purposes, including establishing a maritime academy in the Philippines and installation of environmentally friendly equipment or scrubbers on board its vessels. The new bonds will be offered to both institutional and individual investors.
MOL to Renovate Nippon Maru
Japanese transport company Mitsui O.S.K. Lines, Ltd. (MOL) announced that its group company Mitsui O.S.K. Passenger Line, Ltd. (MOPAS) has scheduled a major renovation of its operated cruise ship, the Nippon Maru.According to a press release from MOL Group, the project will take about 50 days from mid-February through early April 2020.The Nippon Maru was renovated in 2010 when the ship marked its 20th anniversary. Additional cabins were constructed on the sixth floor, while the new Horizon Lounge and Spa & Salon were added.
Survey: Avoiding ‘Alarm Fatigue'
Frequently sounding bridge warnings, especially false ones, can create ‘alarm fatigue’ and hinder watch keepers in carrying out their vital role, a new survey supported by InterManager has revealed.Responding to the findings, InterManager is now calling for manufacturers to work with ship operators to address seafarers concerns and develop better ways of communicating bridge warnings.Respondents highlighted there is a problem with too many similar sounding alarms and revealed…
Bhutan-Bangladesh Cargo Vessel Flagged Off
The Minister of State for Shipping (Independent Charge), India, Mansukh Mandaviya will flag off an inland waterways vessel containing cargo from Bhutan to Bangladesh via Brahmaputra river and the Indo-Bangla Protocol Route today (July 12)."This is a first of its kind movement where an Indian inland waterway is being used for connecting two countries - landlocked Bhutan and Bangladesh,"said a press note from the shipping ministry of India.1000 Metric Ton of crushed stone aggregates…
MSC Reiterates No Shark Fin Policy
Swiss-based shipping line MSC Mediterranean Shipping Company is taking the opportunity to clarify and raise awareness of its zero-tolerance position on shark fin carriage, following a reported shark fin discovery earlier this year, involving a booking by another container carrier."MSC is proud to be implementing since several years a complete global ban on consignments of any type of shark fin and of endangered shark," said the global container shipping and a company in a press…
First Hybrid Cruise Ship to be Named in Antarctica
Hybrid powered expedition cruise ship MS Roald Amundsen continues to make history – as Hurtigruten has announced the first ever ship naming ceremony in Antarctica. Instead of the traditional bottle of champagne, MS Roald Amundsen’s explorer heritage will be honored by naming the vessel with a chunk of ice.The naming ceremony will take place this fall, as the first world’s first hybrid powered cruise ship makes her way to the white continent on her maiden Antarctica voyage."We…
Singapore, China ink Maritime Collaboration MoU
The Maritime and Port Authority of Singapore (MPA) signed a Memorandum of Understanding (MOU) with the Waterborne Transport Research Institute (WTI), an agency under China’s Ministry of Transport during the 2019 Maritime Silk Road Port International Cooperation Forum (MPF). The MOU seeks to enhance cooperation in information exchange and research and development (R&D) between the two agencies, in areas such as smart port technology, maritime safety, and environmental protection.
Export Licensing: Tips U.S. Exporters Shouldn’t Overlook
Export Control Lists Include Key Marine Tech Categories Each year, the U.S. Department of Commerce receives thousands of inquiries from businesses looking to export, many of which involve licensing questions. The Commerce Department’s Bureau of Industry and Security (BIS), together with other USG agencies, is responsible for export licensing and controls. BIS export licenses may be required for items (commodities, software, or technology) with proliferation, military, or terrorist uses, or which warrant control for other reasons.
FMC Issues Notice to Passengers on Cuba Itineraries
The Federal Maritime Commission (FMC) is aware that passenger cruise lines that called Cuba have amended itineraries to comply with amendments made to the Cuban Assets Control Regulations announced in the Federal Register on June 5, 2019.Passengers with questions related to a voyage they have booked should contact their travel agent and/or cruise line directly.Cruise passengers should always carefully read their ticket contract, which states the cruise line’s obligations with respect to canceled voyages.
APM Terminals Opens Vado Gateway
APM Terminals has confirmed that its new Vado Gateway terminal, located in the Vado Ligure Port Complex, North Western Italy, will be inaugurated on 12 December this year.With the placement of the terminal’s last caisson this week - an important milestone in the build - the commercial team have been actively engaging with the market. The launch commenced with an event at the Genoa Aquarium last month.Future services offered by the terminal were presented to key managers from the main Maritime Companies and Shipping Houses operating in the Italian market.Once operational…
EIB Invests in Low-Emissions Outboard Engines
The European Investment Bank (EIB) has signed a EUR 14 million venture loan agreement with Sweden’s Cimco Marine AB to co-finance its innovation and growth investments.As per the unsecured credit facility agreement, the EIB will finance up to 50 percent of Cimco’s development of a new family of diesel outboard engines, inter alia a 3 liter, 6- cylinder twin turbo BMW diesel engine with a number of power outputs between 200 hp and 300 hp."The total facility is split into three tranches of EUR 4 million (A)…
More Women Joining Maritime Industry
More women are joining the maritime ranks in a variety of professions within the industry, said International Maritime Organization (IMO).To encourage this trend, IMO supported a training course aimed at female officials from maritime and port authorities.According to the UN body, 25 women from 17 developing countries took part in the two-week "Women in Port Management" course, hosted in Le Havre, France (24 June - 5 July).The course covered lectures on port management, port security, marine environment, facilitation of maritime traffic, marketing, port logistics and other topics.
Containerships in first SIMOPS boxship bunkering
Containerships performed its first simultaneous operations (SIMOPS) bunkering, which allows for the concomitant bunkering of liquefied natural gas (LNG) and execution of loading and unloading procedures.An unprecedented achievement improving Containerships’ operational efficiency and highlighting the Group’s leading role in the energy transition of the shipping industryOn July 4th, 2019, Containerships successfully carried out SIMOPS bunkering on its LNG-powered CONTAINERSHIPS NORD vessel in the Port of Rotterdam.
Singapore Starts Tuas Terminal Phase 2
The Maritime and Port Authority of Singapore (MPA) has announced that reclamation work for Tuas Terminal Phase 2 began ysterday (4 July), with the installation of the first caisson.Singapore’s next-generation trade hub has commenced at a ceremony attended by Dr. Lam Pin Min, Singapore’s Senior Minister of State for Transport and Health.MPA awarded the Tuas Terminal Phase 2 reclamation project to Penta-Ocean Construction Co. Ltd/Hyundai Engineering & Construction Co. Ltd/Boskalis International BV (PHB) Joint Venture in 2018.
Container Market Challenges Likely as Uncertainty Mounts
Today’s container market is confronting more than its fair share of headwinds.The recently published Container Forecaster from global shipping consultancy, Drewry, highlights concerns of a slowing global economy stoked by the ongoing US-China trade war (albeit paused for the moment), escalating geo-political tension in many regions of the world and an industry grappling with challenging new emission regulations. Beyond these, however, a series of existential fears are also beginning to present themselves that could dent demand for shipping in the future…
Boxship Operators Opt for Navis Loading Computers
Twenty newly built container vessels in the size ranging from feeder segment 2,300 TEU to 15,100 TEU have been selected to be equipped with MACS3.Oakland, CA and Flensburg, Germany—July 2nd, 2019—Navis, the leading provider of maritime software solutions for efficient and compliant cargo and vessel performance, has announced that it has been selected as a partner for liner operator, Yang Ming and ship owner and ship manager ChinaNavigation and Eastern Pacific. Through this partnership…
Shipping Firms Drop UK Flag as Brexit Looms
Companies are leaving Britain's shipping registry due to uncertainty over Britain's departure from the European Union and future commercial arrangements with the bloc, industry officials say.All commercial ships have to be registered, or flagged, with a particular country partly to comply with safety and environmental regulations. Shipping companies in many so-called "flag states" pay corporation tax based on vessel tonnage rather than profit.Britain's ship registry forms part…