General Electric opens new division General Electric (GE) has announced the formation of GE Marine, an enterprise that it says will bring together the company's commercial and technological expertise in the maritime sector. GE Marine vice president Tim Schweikert said: "It's the breadth and depth of experience we are bringing
Freshwater generator handles the pressure Alfa Laval's three-in-one AQUA Blue freshwater generator has unique plates that allow evaporation, separation and condensation to occur within the same plate pack, which means only half the seawater flow and pumping energy are needed. Thanks to a new option for AQUA Blue, this solution will now be
MAN Diesel & Turbo genset for offshore installations MAN Diesel & Turbo has announced its new PA6 B OG gen set, based on a four-stroke, medium-speed engine built at its St Nazaire, France facility. The base engine has been sold for many years, but this represents the first time the St Nazaire plant will assemble individual engines with an alternator
Dutch marines row from Rotterdam to London A team of both active and retired Dutch marines will row nine skiffs from Rotterdam to London this September, a 350km journey to celebrate the 350th anniversary of the founding of the Korps Mariniers (Royal Netherlands Marine Corps) in 1665. In aid of the Dutch Marines Foundation, the Dutch Marines
ClassNK fast-tracks engine approval ClassNK has granted type approval for the new 28AHX-DF dual-fuel engine manufactured by Niigata Power Systems in a speedy approval process. The time required to gain approval is normally quite lengthy, but ClassNK used a streamlined approval process that allowed it to complete the design approval,
BP reports sharp fall in 2014 profit BP, the London based oil major, has reported a sharp fall in 2014 profit and a loss for the final quarter of the year. Result for 2014 showed a profit of just $3.8Bn compared to a $23.4Bn profit in the previous year. For 4Q14, the company reported a loss of $.4.4Bn compared to a profit of $1.0Bn in
US port group rips Obama spending cuts America's ability to compete for a larger share of global trade will be damaged by spending cuts to port expansion as proposed by the Obama administration, an industry group contends. The American Association of Port Authorities (AAPA) noted that under President Barack Obama's budget request,
Licence for FSP containment system awarded to FSB LNG BV A sub-licence for manufacturing a new flat panel, semi-membrane, prismatically-shaped (FSP) containment system for LNG has been awarded to FSB LNG BV. FSP LNG BV is a joint venture (JV) company formed by Braemar, EnTX Tekmar, LLC and Jamestown Metal Marine Sales, Inc. The tank design features
Rickmers Maritime Trust CEO quits Singapore-listed Rickmers Maritime Trust CEO Thomas Preben Hansen has resigned from his post and the organisation will have a new leader from 1 June. The trust said Soren Andersen, a shipping executive with 17 years of experience at AP Moller-Maersk Group and American President Lines, will take
Ship recycling slump persists Shipowners are refraining from selling older bulkers for demolition despite the depressed freight market as there is no sign of scrap prices improving in the near term. As imports of cheap Chinese steel continue to flood South Asia, prices for bulkers continue to hover at $390/ldt. As a result,
Flex LNG switches DFDE to MEGI propulsion Flex LNG, the London-based gas carrier company whose shares are traded in Oslo, has decided to use Main Engine Gas Injection (MEGI) propulsion in its two LNG carrier newbuildings rather than Dual Fuel Diesel Electric (DFDE), as previously planned. "The consequence of the change is an increase in
Van Oord and Boskalis win $395M artificial island contract Dutch dredging giants Van Oord and Boskalis are to create a 160ha artificial island off the coast of Jakarta, Indonesia, under a joint venture contract worth $395M. The contract was awarded by Indonesian real estate development services company PT Muara Wisesa Samudra. It will be split 50/50
Hachiuma Steamship fined $1.8M Japanese ship manager Hachiuma Steamship was fined $1.8M in the US for MARPOL violations uncovered at the Port of Baltimore. The penalty and sentence, handed down on 30 January in federal court in Baltimore, includes a three-year probation period. According to Hachiuma Steamship's plea agreement,
ReCAAP ISC reports 50% piracy incident fall in Indonesia Singapore-based anti-piracy watchdog ReCAAP Information Sharing Centre (ReCAAP ISC) stated in its annual report for 2014 that there was a 50% decrease in the number of incidents occurring at ports and anchorages in Indonesia. A total of 39 incidents were reported as compared with 78 recorded in
Japan, China, South Korea top coal offtake list Japan, China and South Korea topped the list in coal imports from Newcastle, Australia for January 2015. According to Australia's Port Waratah Coal Services terminals (PWCS) report, Newcastle port dispatched around 9.92 million metric tonnes of coal exports in January 2015. Only 10% of the
Precious Shipping sinks into red for 2014 The dismal dry bulk profit saw Thai dry bulker owner Precious Shipping deteriorating into the red for 2014. For 4Q14, the company incurred a $630,000 loss, resulting in a $2.54M full-year loss, reversing a $17.74M profit for 2013. "To put our annual loss for 2014 of $2.54M into perspective, please
CSSC boosts repair yard investment in Qinzhou, Guangxi China State Shipbuilding Corporation (CSSC) plans to increase its investment in its ship repair business in Guangxi, China, by CNY338.3M ($54.6M) to launch its subsidiary by the end of 2015. The business will be operated by the CSSC Guangxi Shipbuilding and Offshore Engineering (CSSC Guangxi) in
Product tankers to be used for floating storage, says Ardmore Shipping Move would reduce global spot fleet, boosting earning potential further
Data Hub: World Fleet Update Winter slack sees fleet growth slow
Navios Partners underlines shift to boxships Container sector offers best deals for MLPs and will benefit from drop in oil price, says Frangou
Port congestion boosts containership charter market Idle fleet remains at a low level as demand for ships increases on the back of port congestion
Rickmers Maritime taps ex-Maersk executive as new chief Soren Andersen replaces Thomas Preben Hansen following the unit trust's successful deleveraging
CIMC plans $639m bond sale World's largest container maker to use fresh funds to build working capital and repay loans
Top UK shipping experts to advise government on maritime opportunity Study will help Britain's maritime industries compete in the global marketplace, says shipping minister John Hayes
Moody's will review MOL for a downgrade Lacklustre container and dry bulk rates at Mitsui OSK Lines contributed to Moody's decision to review
North American box terminal performance lags behind global levels A new study from Drewry reveals that terminals in Middle East and Asia lead the way in terms of performance
DP World sees 8.9% global volume growth New capacity helps Dubai-based operator eclipse the 60m teu barrier in 2014
Aframaxes appeal as newbuilding swap candidates Changing dry bulk newbuild orders to wet has become an industry talking point, with aframaxes taking centre stage alongside suezmaxes
Wärtsilä: The changing shape of a marine supplier Selling off its two-stroke engine-making division and continuing a focus on lifecycle services is all part of keeping Wärtsilä a relevant and profitable marine supplier
Euronav repays $235m bond issued for purchase of Maersk's VLCC fleet Bond expected to be paid in two weeks
Ningbo Marine books handysize bulker trio Chinese coastal dry bulk operator orders three 49,500 dwt ships at $27m each
Industry viewpoint: the six challenges facing the next head of the IMO Would-be secretary-generals have until the end of March to apply but there are several issues they need to consider to ensure the IMO remains relevant
Poll upset jeopardises Australian coal plans Privatisation of a key dry bulk port in Queensland looks likely to be halted after an election shock for the state government
West Coast congestion a 'wildcard' for shippers, UPS says Port congestion on the U.S. West Coast and changing inland distribution patterns challenged UPS in the fourth quarter. International currency fluctuations also hurt the $58.2 billion company's bottom line, company executives said in their quarterly earnings conference call. The West Coast port labor dispute is a "wildcard" that presents "real challenges...
Planned Savannah DC reflects space scarcity, need for West Coast alternative SEA ISLAND, Georgia - A home furnishing company's decision to build a 1.1 million-square- foot e-commerce warehouse near the port of Savannah shows both the scarcity of available distribution center space in the area and the need for access to dependable ports as congestion rages on along the U.S. West...
Global e-commerce sales to fuel UPS growth Profits may have plummeted at UPS in the fourth quarter, rattling investors, but global demand for the integrated transportation company's package and freight service increased as online shopping drove e-commerce transactions and shipments to new heights. The global online sales explosion supports a long-term positive outlook for "solid growth" in UPS's...
Study says Savannah River can handle traffic from proposed Jasper terminal A long-discussed but still unrealized marine terminal on the Georgia-South Carolina border has made some marked headway after an engineering study found there is room on the Savannah River for a second terminal downstream from the busy Port of Savannah. Engineering consultants reported to port officials from both states Monday that...
New Orleans posts 8.8 percent TEU growth, expects more this year The Port of New Orleans reported an 8.8 percent increase in container volume in 2014 and said it expects additional gains this year from the new carrier services. New Orleans handled 490,526 20-foot-equivalent units last year, up from 451,057 TEUs in 2013. Port President and CEO Gary LaGrange credited "strong export...
SCPA Named Top Terminal & Top Port at 2014 JOC Port Productivity Awards Special Projects Editor Alessandra Barrett discusses the recent JOC Port Productivity awards with winners South Carolina Ports Authority. SCPA's Bill McLean and David Hoffman explain the overall strategy behind Charleston's position in Top U.S. Ports and Top Terminals....
Container lines seek to scuttle NY-NJ port fee Container ship lines are pressing legislative and court efforts to kill a 3-year-old cargo facility charge at the Port of New York and New Jersey. Carriers complain the fee saddles them with costs they can't pass on to customers and forces them to pay for services they may not use. The...
Obama budget would dramatically cut US port funding WASHINGTON - Various ports, including Charleston and Savannah, are set to gain from President Obama's fiscal 2016 budget request, but his request for overall port funding falls far short of the targets set by legislation he signed just six months ago. Although Obama last year signed landmark legislation aimed at increasingly returning...
LA-Long Beach, Oakland, PNW congestion reaches critical stage 20 container ships are now anchored off Los Angeles-Long Beach waiting to berth.Congestion in Los Angeles-Long Beach has reached a crisis stage with 20 container ships stuck at anchor Tuesday in the largest U.S. port complex - and no relief in sight. The Marine Exchange of Southern California reported that the...
Port Performance 2014 Sponsor: Port of Boston With productivity up 20% year-over-year at Conley Container Terminal, Port of Boston's Deputy Port Directors Mike Meyran, Operations, and Michael Vanderbeek, Sales and Marketing, explain the strategies behind this growth as well as dealing with past congestion issues. ...
FedEx Trade Networks expands Latin American connections FedEx's growing freight forwarding and customs brokerage arm is expanding its services connecting to Latin America to tap the expansion of automotive, aircraft and electronics industries. FedEx Trade Networks has enhanced shipping options on trade lanes connecting Frankfurt and Hong Kong to Mexico City and Guadalajara; Frankfurt to Sao Paulo and...
Farewell to the Queen of the Skies Lawrence GrossThe Queen of the Skies is fading away. The Boeing 747, the original widebody jet that has, according to Air and Space Smithsonian Magazine, "transported the equivalent of 80 percent of the human race" over the years, is being taken out of service far faster than industry observers had...
Taiwanese carrier Wan Hai expands Indian agency network Taiwanese container carrier Wan Hai Lines established its own representative office in Gandhidham, India, to cater to the needs of its vessel calls at the ports of Mundra and Pipavav. The new office, the liner's fourth in India, began operating on Feb. 2. Wan Hai's other locations in the country are...
Strong overseas revenue lifts Nippon Express' profit Nippon Express Co., Japan's top international freight forwarder, posted a big jump in group net profit in the first three quarters of fiscal 2014, as revenue from overseas operations grew robustly, helped by a weaker yen. The Tokyo-based company saw its net profit soar 33.1 percent in the April-December period from...
Charleston port adds Saturday truck gates Truck gates at the Port of Charleston will be open on Saturdays beginning Feb. 7 in a move aimed at providing motor carriers additional options for pickups and deliveries. "We want to do everything possible to help truckers make a living and to give them an opportunity to enhance their revenue,"...
No fix for this shortage Q: Can you lend some expertise to a situation that has arisen recently between our warehouse cum brokerage and a carrier that hauls for us on a somewhat regular basis? A few months back, we contracted with the carrier to move a load from our warehouse about halfway cross-country. The carrier...
Airlines take hard look at unknown shippers as e-commerce booms HONG KONG - The highly public spat between Alibaba Group and China regulators over allegations of counterfeit or misdeclared goods being sold via the Internet giant's online platform has again highlighted supply chain safety and security concerns faced by logistics providers and airlines transporting the e-commerce products.A white paper was...
New terminals drive DP World traffic up almost 9 percent A strong contribution from DP World London Gateway helped the Dubai-based port operator grow its global throughout last year.DP World handled 59.9 million TEUs across its global network in 2014, a year-on-year growth of 8.9 percent that was helped by the contribution from new terminals at London Gateway and Embraport...
Dubai logistics provider sets up in Sohar to expand Omani footprint HONG KONG - Centre Point Logistics (CPL) - a Dubai provider of logistics, warehousing, and storage - has expanded its operations in the Gulf Cooperation Council region after a deal was signed with Sohar Port and Freezone in the Sultanate of Oman.The agreement will see CPL manage a 538,000 square...
SALT shakes three Scorpio Bulkers (SALT) is converting three more capesize bulkers under construction in South Korea into long-range one (LR1) products tankers, the company confirmed this afternoon.
Kurz joins board Industry veteran Robert Kurz has secured a seat on the board of US operator Rand Logistics.
Diana seals extensions Greek bulker operator Diana Shipping has lined up a pair of time charter extensions that reflect its ongoing penchant for period deals.
Bulker master injured The captain of a Swiss bulker was taken to hospital in Bermuda after suffering a fall on the vessel.
Copenship files for bankruptcy Dire dry cargo rates have seen Danish operator Copenship and division Copenship Bulkers file for bankruptcy.
Netherlands fixes UK vessel The UK's Centre for Environment, Fisheries and Aquaculture Science (CEFAS) has chartered out its sole oceanographic survey vessel to the government of the Netherlands.
CSG's new partner China Shipping Group has sealed another strategic alliance with a state bank worth CNY 90bn ($14.38bn).
Bore installs scrubber Finnish owner Bore has signed an agreement to equip one of its 1999-built ro-ros with a scrubber.
Landmark profit for Ardmore Ardmore Shipping is celebrating its first annual profit thanks to a stronger than forecast finish to the year.
"Is it definitely over?" Westshore Shipbrokers has raised doubt as to whether Russia's South Stream project in the Black Sea will be finally binned.
Offshore slump hits NAO Nordic American Offshore (NAO) is focusing on term charters for its supply ships after a slump in the North spot market pushed it to a loss in the fourth quarter.
Bilal's big plans Turkish president Recep Tayyip Erdogan's son Bilal Erdogan is plotting a $180m spending spree to build up his fleet of products tankers.
Rickmers recruits Andersen Rickmers Maritime has raided APL to recruit its new chief executive Soren Andersen.
Meiji Shipping on target Japan's Meiji Shipping is heading for a bigger profit in its current year, despite nine-month earnings falling.
Vale muddies the water Uncertainty surrounding Vale's activity is making the dry bulk picture "murkier than normal", Jefferies says.
Turkish storm wreaks havoc Turkish storms have completely sunk one cargoship that capsized 15 months ago, while forcing another ashore.
Frangou's oil price hope Angeliki Frangou says a crash in the price of oil is a positive development for her first shipping MLP, Navios Maritime Partners.
MES profit falls Japan's Mitsui Engineering & Shipbuilding (MES) has posted lower net earnings in the nine months to 31 December, despite a rise in revenue.
Euronav paying back bond Euronav is repaying a bond used to underpin its transformational purchase of 15 VLCCs last year.
Ningbo Marine orders trio China's Ningbo Marine has picked Jinling Shipyard to kickstart its bulker fleet renewal.
DP World grows again UAE terminals group DP World handled 60m teu worldwide in 2014, a jump of 8.9% year-on-year.
First officer cleared The first officer of a Condor ferry has been cleared of manslaughter on appeal by a French court following an accident off Jersey that killed a fisherman.
KSS orders at HMD South Korean shipowner KSS Line has ordered a single LPG/ammonia carrier at compatriot Hyundai Mipo Dockyard.
Falcon goes shopping Falcon Energy Group has been looking to the open market to build up its stake in takeover target CH Offshore.
KOTC teams with ASRY Kuwait Oil Tankers Company (KOTC) has agreed a long-term dry docking tie-up with Arab Shipbuilding & Repair Yard (ASRY).
Arnet joins MPA board Carl Arnet is the most recognisable name to feature among the new board members of Singapore's Maritime and Port Authority (MPA).
Low fuel prices causing owners to axe boxship retrofits, says exec Payback period has increased from nine months to nearly two years, according to CEO of Rickmers Maritime Trust.
Report: Iranian fuel oil exports 'sidestep' Western sanctions Estimates of exports in recent months are said to be around 200,000-400,000 tonnes.
Construction of Crowley's LNG-fuelled ConRo ships reaches milestone Keel-laying ceremony marks next step in construction.
Research: Additive market to grow Worth just under $8 billion in four years' time.
OW: Still waiting for creditor roadmap Trustees say another month before clearer picture emerges.
Vopak to open SE Asia's first crude oil tank farm in March BP and Total have leased storage space.
'Better to fix soon' as prices surge Key bunker grade climbs $21.50 pmt Singapore.
ECA compliance: Owners back sulphur guidelines Intertanko supports testing at delivery to ship.
Singapore 'can play a greater role in setting global standards' Bunker hub is ready to see its bunker standards spreading.
MOL gets ratings downgrade Despite bunkers' related earnings boost.
LNG infrastructure developers: Where are the ships? Meanwhile, shipping companies committed to using LNG have resorted to providing their own supply facilities.
Record container throughput at US East Coast hub 'Every East Coast port is setting records now.'
New Trader at Glander International Bunkering Luis Canizales is based at the company's Dubai office.
WFS results released next week Conference set for February 12.
Company heads arrested over contaminated fuel oil sale Illegal practice may have earned company millions of euros, Dutch prosecutor says.
Shipowner switches engine orders to save fuel New units burn half of bunkers needed to power typical LNG carrier.
Sub-licence issued to build LNG containment system Cheaper to build than conventional LNG storage tanks.
VPS: Over half of cat fine alerts from Asia Catalyst fines in bunker fuel 'possibly' a regional issue, VPS spokesman tells Bunkerworld.
BC Ferries finalises LNG-fuel supply agreement FortisBC to supply fuel to vessels for the next 10 years.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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