CEVA Logistics Acquires CMA CGM Log
CMA CGM is selling its freight management company CMA CGM Log for $105 million to the Swiss company CEVA Logistics. Recently CMA CGM has acquired a 30% stake in Ceva Logistic. CEVA will remain an independent and standalone listed company. This strategic partnership is aligned with CMA CGM's strategy to offer end-to-end logistics solutions to its customers, pioneering the development of integrated logistics solutions, while retaining an arm's length business relationship with CEVA.The…
Shipping Industry Heads for Climate Protection
At gmec, the global maritime environmental congress (gmec) during SMM in Hamburg, high-profile business and science experts discussed how the global shipping industry can achieve the International Maritime Organization’s (IMO) environmental goals while continuing to provide its services at competitive prices.“We are at the beginning of a new chapter in the history of shipping,” said Tian-Bing Huang, Deputy Director - Marine Environment Division at the IMO, in his opening keynote.There is no question that the shipping sector is facing huge challenges…
Carnival May Homeport its Largest Ship in Canaveral
The Canaveral Port Authority said it has reached an agreement in principle with Carnival Cruise Line principle on a new state-of-the-art terminal able to accommodate Carnival’s new 180,000-ton ship, the largest ever constructed for the line, set to debut in 2020.The terms of the agreement are expected to be included on the agenda of the Canaveral Port Authority Board of Commissioners’ meeting on August 29, 2018. If approved, the deal will clear the way for the world’s largest cruise operator to homeport its as-yet-unnamed 5…
Liebherr Breaks Ground on New US Headquarters
Members of the Liebherr family, Executive Management and Newport News city officials gathered last Friday, July 20 for a groundbreaking ceremony on site in Copeland Industrial Park to celebrate the construction of the new Liebherr USA, Co. headquarters.The commencement of this $45 million expansion project marks the beginning of an exciting new chapter for Liebherr in the United States. The company that has been manufacturing and operating in Newport News, Va. for over 48 years broke ground at the site adjacent to its current location.
MLC Enters New Chapter’ for Seafarers' Rights
The ITF has welcomed the positive outcome of the third meeting of the Special Tripartite Committee of the ILO (International Labor Organization) in Geneva. The STC has agreed on a new amendment to the Maritime Labor Convention (MLC) 2006 and will now be submitted to the next session of the International Labor Conference for adoption.The amendment, when it enters into force, will address a potential contractual gap for those seafarers who unfortunately fall victim and are held…
CMA CGM Rolls Out Ocean Alliance Day Two Product
CMA CGM Group, a world leader in maritime transport, is pleased to announce the start of the Ocean Alliance Day Two Product. Based on the success of Ocean Alliance, the Ocean Alliance Day Two Product strengthens CMA CGM’s service offering by providing even better services and upgrades to the Group’s customers. The Ocean Alliance Day Two Product has a carrying capacity of around 3.1 million TEUs (Twenty-foot Equivalent Unit) with 331 containerships deployed on 41 services. CMA CGM will continue to play a major role within the alliance, deploying a fleet of 121 ships.
ADNOC Signs Major Offshore Concession Agreements with Total
The Abu Dhabi National Oil Company (ADNOC) has signed agreements with Total of France, awarding them stakes in two of Abu Dhabi’s new offshore concessions. Under the terms of the agreements, Total has been awarded a 20% interest in the Umm Shaif and Nasr concession and a 5% interest in the Lower Zakum concession. Total is ADNOC’s largest and one of its longest international partners, active in Abu Dhabi’s oil and gas sector since 1939. Today, the French super-major collaborates with ADNOC across the value chain…
Port Canaveral Welcomes First Post-Panamax Vehicle Carrier
The new class of post-Panamax (PPX) shipping vessels made an inaugural visit to Florida's Port Canaveral recently. The PPX Ro/Ro vessel MOL’s Brooklands, is the first of its kind to call on Port Canaveral. With a 125-foot beam and capacity to transport over 7,400 vehicles, MOL’s Brooklands is the largest Post-Panamax vessel to call on the Port. The ship arrived at Port Canaveral, its first U.S. port of call, following transit through the expanded locks of the Panama Canal. “The arrival of MOL’s Brooklands here marks a new chapter for our cargo operations.
Det Norske Veritas is DNV GL's Majority Owner Now
The Foundation Det Norske Veritas (DNV) assumes full ownership of DNV GL and remains committed to Maritime headquarters in Hamburg. Stiftelsen Det Norske Veritas (The Foundation) and Mayfair announce the sale of Mayfair’s 36.5% shares in DNV GL Group AS to DNV Holding AS. The agreement regarding the leading quality assurance and risk management company DNV GL was signed on 8 December 2017. In 2012, Stiftelsen Det Norske Veritas and Mayfair agreed to build a global quality assurance…
Novatek Starts Production at Yamal LNG
Russian energy firm Novatek has announced that Yamal LNG has commenced producing liquefied natural gas (LNG) at the first LNG train, with the nameplate capacity of 5.5 million tons per annum. The first cargo loading is scheduled on 8 December 2017 at the Sabetta port using the first Arc7 ice-class LNG tanker named the “Christophe de Margerie”. The Chairman of Novatek's Management Board Leonid Mikhelson noted: "This event marks a milestone accomplishment for the Yamal LNG project. The commencement of LNG production begins a new chapter in our corporate history.
Smart Ships: Inmarsat, Samsung Heavy Industries Partner
Satellite communications services provider Inmarsat said it has signed a Memorandum of Understanding (MoU) with shipbuilder Samsung Heavy Industries (SHI), establishing a relationship to leverage the ‘smart ship’ connectivity offered by Fleet Xpress at the vessel construction stage. The agreement envisages the South Korean yard installing Inmarsat-approved terminal hardware and offering applications to cover remote machinery diagnostics and CCTV services, to leverage the satellite communications platform’s capabilities from the moment the ship is delivered.
Peterhead Port Secures Offshore Wind Contract
Peterhead Port Authority is set to support the start of offshore construction work for the European Offshore Wind Deployment Centre (EOWDC) after signing an agreement to harbor the suction bucket jacket foundations for the 11-turbine scheme. The contract will see the port moor one of the world’s largest floating cranes, with a maximum lifting capacity of 5,000 metric tons, and up to six barges that will transport the 11 foundations - the heaviest of which weighs around 1,800 metric tons and is about 77 meters high.
Indian Navy Ship with All-Woman Crew Visits Mauritius
The Indian Navy's sailing vessel INSV Tarini, with an all-woman crew, visited Port Louis harbour in Mauritius as part efforts by the two countries to ramp up maritime security cooperation. Tarini, which inducted in the Indian Navy in Feb 2017, is the sister Vessel of Indian Navy's first sailing Vessel INSV Mhadei, that has numerous accomplishments to her name. INSV Tarini is 55 feet in length and built in India in line with the ‘Make in India’ initiative of the Indian Navy, fructified by M/s Aquarius Shipyard, Goa.
HMM’s Direct Weekly ACS Service Flagged Off From Krishnapatnam Port
A direct weekly service of HMM’s (Hyundai Merchant Marine) ACS Service was flagged off, amid lot of fanfare, from Krishnapatnam Port Container Terminal on the February 17, 2017. Inauguration of the maiden vessel call by “M.V. HYUNDAI PRESTIGE”, as part of ACS’s Service, has written a new chapter in the EXIM trade from East Coast of India. The KPCT team conducted a formal inaugural ceremony commemorating the maiden call with Mr. Y.D Park (MD, Hyundai Merchant Marine India) & Mr. Anil Yendluri (CEO, Krishnapatnam Port) launching the service from KPCT. Mr.
Florida’s First Ocean-to-Air Perishables Shipment
Crowley and its subsidiary Customized Brokers, in cooperation with Miami International Airport (MIA), have facilitated Florida’s first-ever ocean-to-air perishables transshipment from Guatemala to Amsterdam. The first transshipment included nearly 10 tons of snow peas from Guatemala. The refrigerated cargo arrived in Port Everglades, Fla., aboard Crowley’s cargo ship Tucana J, was trucked to MIA, then departed for Amsterdam via Centurion Cargo yesterday. Crowley, Customized Brokers and MIA were instrumental in helping to implement this new perishables shipping program with the U.S.
Shipping Industry Confidence Improves – with Caveats
Operating cost movements are central to shipping’s fortunes. Shipping has certainly lived up to its reputation for volatility during the past twelve months. The quarterly Moore Stephens Shipping Confidence Survey showed industry confidence improving for the second successive quarter in the three months to end-August 2016, but this was from its lowest level for eight years. The industry has been beset by a range of all-too-familiar problems, including depressed freight rates, tonnage overcapacity in many sectors, problematic geopolitical developments and mounting regulation.
BRP Opens New Training Institute
BRP today marked the opening of its state-of-the-art technician training institute within its Sturtevant, Wisconsin manufacturing facility. This new institute will train dealers and their employees to maintain and repair all BRP vehicles, engines and accessories. Alain Villemure, vice president and general manager of BRP’s Marine Propulsion Systems division and Martin Soucy, vice president of its global after-sales function, participated in the ribbon-cutting ceremony before employees, media and the general public.
Burrows Named President of Chamber of Marine Commerce
The board of directors of the Chamber of Marine Commerce (CMC) has appointed Bruce R. Burrows as President, effective December 1, 2016. Burrows joins the Chamber as the bi-national industry association enters a new chapter, having recently completed a merger with the Canadian Shipowners Association in September. Burrows brings almost 35 years of government relations, business development and consensus-building expertise to the position, with senior leadership roles in the commercial transportation and industry association sectors.
Panama Canal Authority, Peel Ports Form Alliance
The Panama Canal Authority (ACP) has entered into a Memorandum of Understanding (MOU) with major UK ports operator, Peel Ports, who own the Port of Liverpool, as the latter gears up for the formal opening of its Liverpool2 container terminal in early November. The formal agreement creates a strategic alliance aimed at facilitating international trade and generating new business by promoting trade routes between Liverpool and the west coast of South America via the Panama Canal. The agreement was signed October 24 by Jorge L.
Clyde Launches Training Facility
Clyde Training Solutions (CTS) opened central Scotland’s first dedicated marine and offshore international training centre. CTS – a newly established Clyde Group company - is now offering an extensive range of onsite accredited maritime safety courses to an international market at its new complex on the banks of the River Clyde in Clydebank. Phase one of operations at the centre has created in the region of 30 jobs with potential operational growth likely to create future employment.
HMM May Hire Foreign CEO for Revival
Hyundai Merchant Marine (HMM) will start the process to appoint a new chief executive officer (CEO) when Hyundai Group loses control on Aug. 5, reports Korea Times quoting un-named industry sources. The challenged shipper will begin a new chapter in its 40-year history, breaking free from Hyundai Group and becoming a subsidiary of Korea Development Bank (KDB). KDB is bent on installing a new leadership at the shipping line and is open to hiring a foreign chief executive. To make a pool of candidates, the creditor reportedly appointed a number of executive search firms.
OSG Joins NYSE "Big Board"
Overseas Shipholding Group, Inc. (NYSE:OSG) (the “Company” or “OSG”) announced today that it has been approved by the New York Stock Exchange (“NYSE”) to transfer its stock listing to the NYSE from the NYSE MKT. The Company’s common stock, which will continue to trade under the ticker symbol OSG, is expected to commence trading on the NYSE effective Tuesday, June 28, 2016. Prior to that date, the Company’s common stock will remain on the NYSE MKT, but trading on the NYSE MKT will cease concurrent with the listing of its common stock on the NYSE.
1,076 Graduate from U.S. Naval Academy
The U.S. Naval Academy graduated 1,076 men and women at the annual graduation and commissioning ceremony May 27 at Navy-Marine Corps Memorial Stadium. U.S. Naval Academy Superintendent Vice Adm. The Class of 2016 boasts an 89 percent graduation rate and, according to Carter, "unprecedented" academic and athletic success. Eight midshipmen received prestigious graduate scholarships, including one Rhodes Scholarship, one Mitchell Scholarship, two Truman Scholarships, three Gates Scholarships and one Schwarzman Scholarship.
RAN Base commissioned as HMAS Moreton
The Royal Australian Navy (RAN) formally commissioned Navy Headquarters – South Queensland as HMAS Moreton today in a ceremony steeped in tradition. The Governor of Queensland, His Excellency the Honourable Paul de Jersey AC, together with Senators Joanna Lindgren and Chris Ketter, joined the Chief of Navy, Vice Admiral Tim Barrett, AO, CSC, RAN, to mark the significant and rare occasion. “The Navy last commissioned an establishment in 1978 and today’s transition of Navy Headquarters South Queensland to HMAS Moreton recognises the enduring relationship Navy has with Brisbane…
3sun Group Launches Hull Base
3sun Group, a specialist provider of products and services to the global energy industry, today opens a new base in Hull which aims to provide up to 50 jobs locally. The expansion strengthens the Group’s strategy to become a leading supplier of installation, inspection and maintenance services for the offshore wind industry in the UK and Europe. 3sun Group will support local energy firms such as Siemens who have recently invested in the region as part of their commitments following a number of up and coming offshore wind contracts off the UK coast.
Braemar Engineering Founder Holderness Retires
Braemar Engineering announces the retirement of Michael Holderness, founder of Braemar Engineering (formerly Wavespec), at the end of April. Since the establishment of Wavespec in 1993, and through its acquisition by Seascope thence Braemar Shipping Services PLC in 2001, Holderness, in the role of Technical Director, has been dedicated to leading the growth of the company’s reputation as the world’s leading consultant in the field of LNG, . After more than twenty years in the role…