Ocean Observation News

 

Green Groups Urge Arctic Council Urged to Ban HFO

Feb 02, 2016

Environmental groups want the eight countries that ring the North Pole to take a stand on banning the use of heavy fuel oil (HFO), considered one of the greatest threats to the Arctic ecosystem, reports  Canadian Press. The use of heavy…

Shipping Must be Covered by ETS or Climate Fund – MEPs

Feb 01, 2016

The Paris climate agreement’s target of limiting global warming well below 2°C will be impossible without measures to curb shipping’s greenhouse gas emissions, MEPs told industry representatives last week.  Including shipping CO2 in the…

Yangtze to Ship Direct Containers

Jan 30, 2016

Taicang Container Lines Co. Ltd has rolled out the  first direct container shipping line linking China's Yangtze River basin and Southeast Asia, reports Xinhua. The container ship departs once a week from and arrives at Taicang Port in east China's Jiangsu Province…

Sick jihadis to Target Cruise Ships in the Mediterranean

Jan 29, 2016

Islamic State (ISIS) militants armed with Russian weapons could commit brutal terror attacks on cruise ships in the Mediterranean,  Vice Admiral Clive Johnstone, the UK’s highest naval officer in Nato has warned. NATO is aware of the fact…

Microsoft Mogul's Yacht Destroys Coral Reefs

Jan 29, 2016

The anchor chain of 303-foot mega-yacht, the Tatoosh, belonging to Microsoft co-founder Paul Allen has been blamed for destroying a large area of protected coral reef in the Cayman Islands. It destroyed almost 14,000 square foot, or about 80 per cent…

Chinese Boat Capsizes off South Korea

Jan 28, 2016

South Korean maritime police on Wednesday withdrew divers after they failed to find at least five people believed to be trapped inside a Chinese fishing boat that capsized near a small southwestern island off South Korea on Wednesday, reports AP…

Passengers Stranded in Philippine Ports

Jan 27, 2016

Hundreds of boat passengers bound for Leyte, Bohol and other parts of the Visayas got stranded  in the different ports of Cebu as the Cebu Coast Guard barred small vessels from traveling, say local media. This is due to a gale warning raised…

Happy Reunion with CMA CGM

Jan 27, 2016

CMA CGM is offering more Reunion Island services as it positions the French department to be its hub in the Indian Ocean. CMA CGM presented its new strengthened services offer linking the Reunion Island during the inauguration of the Group’s new offices…

Farstad Bags Petrobras Contract

Jan 27, 2016

Norwegian provider of offshore service vessels for the oil and gas industry Farstad Shipping ASA has entered into two charter contracts in Brazil. Both vessels were hired by the Brazilian state-owned oil and gas company Petróleo Brasileiro…

John Kerry Off to Asia to Address Maritime Issues

Jan 25, 2016

U.S. Secretary of State John Kerry is pressing for peaceful resolutions to increasingly tense maritime disputes in Asia, reports AP. Kerry arrived in the Laotian capital Sunday and will travel to China late Tuesday for meetings with Chinese President Xi Jinping…

Port Tampa Bay to Reap Fruits of Expanded Panama Canal

Jan 25, 2016

Port Tampa Bay is spending $21.5 million on a pair of new cranes that will be able to unload bigger container ships, and it is investing millions more to make it easier for trucks and trains to exit the port and be on their way.  The cranes…

China's Maritime Economy Approaches $1 Trillion

Jan 23, 2016

Total maritime output or maritime economy of China  is expected to generate nearly 6.5 trillion yuan (988.79 billion U.S. dollar) in 2015, about 7 percent more than 2014, reports Xinhua. State Oceanic Administration (SOA) said that the…

Southeast Asia Dominates Maritime Crime Globally

Jan 22, 2016

Southeast Asia continues to dominate maritime crime incidents globally, with 236 reports of piracy and maritime crime instances occurring in the region since 1st January 2015, an increase of 10% compared to 2014, according to Dryad Maritime…

Borouge, Maersk Agree to Reduce CO2 Emissions

Jan 22, 2016

Abu Dhabi-based petrochemical company Borouge signed an agreement with Maersk Line to reduce carbon dioxide emissions for their shipments.  Besides being the first plastics producer in the Middle East to sign the Carbon Pact with Maersk Line…

European Shipowners Welcome EP TiSA Recommendations

Jan 20, 2016

European shipowners welcome the European Parliament’s INTA Committee recommendations to the European Commission on the ongoing negotiations of the Trade in Services Agreement between some of the world’s leading economies. In it MEPs acknowledge…

Logistics News

Maersk Reports First Quarter Drop in Revenue Growth

Maersk Reports First Quarter Drop in Revenue Growth

Container Shipping Companies Cut Asia-US Services

Container Shipping Companies Cut Asia-US Services

Israel Attacks Yemen’s Hodeidah Port

Israel Attacks Yemen’s Hodeidah Port

Panama Canal Administrator Outlines the Waterway’s Evolving Role in Global Trade

Panama Canal Administrator Outlines the Waterway’s Evolving Role in Global Trade

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Finland Police continue their gas pipeline rupture investigation
Mitsubishi Heavy expects 10% profit growth in this year due to strong defense demand
Sources say that the US and Russia are exploring ways to restore Russian gas to Europe.