AVEVA announces the global launch of AVEVA Engage, revolutionising collaborative decision making across Capital Projects and Operations Cambridge, UK - 3 March 2016: Already a big draw at major industry events during 2015, AVEVA today announced the commercial availability of its showcase decision support system, AVEVA EngageTM. As visitors to AVEVA's World Summit in Dubai in October, and members of the Early Access Programme...
PD PORTS expands commercial team to support continued business growth Michael has been appointed as Business Development Manager to help develop supply chain solutions which add value for customers importing and exporting dry bulk cargo. With more than 15 years' experience in the construction industry, Michael joins PD Ports from Hope Construction Materials, where...
Centrale Nantes and Bureau Veritas create international research Chair for the ship of the future in partnership with HydrOcean and Nextflow Software The École Centrale de Nantes (ECN), one of France's top engineering universities, and leading classification society Bureau Veritas have joined forces to create a new International Chair in research on Hydrodynamics and Marine Structures. The aim is to improve the safety and performance of vessels of the future. The ambitious...
Radio Holland delivers NavCom and VSAT on four special newbuild vessels Radio Holland was awarded contracts to deliver and install the complete NavCom and VSAT packages for four newbuild vessels: two of the Meriaura Group and two of Eureka, part of SMT Shipping, all built at Royal Bodewes (Hoogezand, The Netherlands). "We have completed many successful projects with Radio Holland and...
LCM Systems Release New SOLAS Compliant Container Weighing System In response to the new SOLAS regulations due to come into force on the 1st July 2016, LCM Systems is pleased to announce the launch of a cost effective, fully SOLAS compliant container weighing system. The company has been supplying container weighing systems for around 5 years with over 40...
Bulk Invest files for bankruptcy The depressed dry bulk market has claimed its first victim in Norway, as Oslo-listed Bulk Invest, until recently the ship owning unit in the Western Bulk group, has filed for bankruptcy after attempts to restructure its...
Indian port expansion to cost USD14 billion India's massive port driven development plan under what the government terms as its "ambitious" Sagarmala Programme will involve a total of 150 projects that will entail a whopping investment of Rs4 trillion (USD60 billion) over the next ten years. Out of this huge outlay Rs1 trillion (USD14 billion) will be earmarkedfor...
Seago brings APM back to Liverpool after a decade Seago Line, the intra-European container shipping unit in AP Møller-Mærsk (APM) group, is to start a service between Algeciras, Dublin, and Liverpool. This will mark APM's return to the UK port of Liverpool after more than a decade. The feeder service, which will start next month, will use the new...
APM Terminals Buenos Aires Wins Safety Award APM Terminals Buenos Aires, operator of the Terminal 4 facility in Argentina's primary port, was named winner of the first annual "Innovation in Safety Award", bestowed by ICHCA International, an independent organization dedicated to improving the safety, productivity and efficiency of cargo handling and transportation, at the annual ICHCA conference,...
UK ports to reduction in rate of light dues Transport Minister Robert Goodwill has announced a reduction in the rate of light dues, the contributions paid by the shipping industry for the upkeep of navigation aids such as lighthouses, buoys and beacons around the UK and Irish coastline.
Phase 1 of Frederikshavn's port expansion gets underway By the physical start-up, we've now reached a much-anticipated milestone. Practically every single day, we're met with questions about the development of the project; and it has been difficult to explain the work going on behind scenes to the public. To...
Iskes' new ASD 2411 Venus up and running after delivery Iskes Towage & Salvage took delivery of a new Damen ASD 2411 in November 2015. In its first 100 days, the tug has been performing vessel assistance duties in the locks and canals around the Dutch Ports of Amsterdam and IJmuiden. Three months after delivery of...
BIMCO urges shipowner caution on West Africa piracy-reporting centre Concerns about a security breach at the Maritime Trade Information Sharing Centre-Gulf of Guinea (MTISC-GoG) based in Ghana, have led to an official warning from shipowner association BIMCO. This concern has also been blamed for significant...
Gothenburg to build terminal, use not yet decided The Port of Gothenburg in Sweden is set to expand with the construction of a new terminal at the outer port area, which marks the first time Scandinavia's largest port has been significantly expanded since the 1970s. "The terminal will be built using dredging spoils and is expected...
HK-based Brightoil posts deep loss for 2H15 Hong Kong-listed Brightoil Petroleum recorded a HKD523 million (USD67 million) loss for the six months to 31 December, compared with a profit of HKD561 million for the same period of 2014. The loss was attributed to the voluntary impairment of the Caofeidian oilfields, which is non-cash in nature, the company said...
BLPL Singapore to expand liner services Intra-Asia liner operator BLPL Singapore plans to expand its services this year by chartering in more vessels. Part of Transworld Group Singapore, which was founded by Indian-born Mahesh Sivaswamy, BLPL Singapore operated as a non-vessel owning common...
HMM considers tanker unit sale Hyundai Merchant Marine said today that it is looking at putting its oil and product tanker business up for sale as part of further asset sales to raise liquidity. The company has just one VLCC, Hyundai Sun, in its name after selling...
Product tankers boost DS Norden amid dry bulk woes DS Norden, the listed Danish dry bulk and product tanker shipping company, had its best ever year in product tankers. However, this was outweighed by continuing hard times for its much larger dry bulk shipping. Overall, the company was able to reduce its 2015...
IRClass steps up training on dredging works Indian Register of Shipping (IRClass) is stepping up training to address India's shortage of trained dredging personnel as demand for capital dredging works booms across the country. Capital dredging projects are primarily for port...
Wisdom Marine profit up 19% in 2015 Taipei-listed bulk carrier Wisdom Marine posted a TWD2.25 billion (USD70 million) profit in 2015, surging 19.09% compared with the previous year, stated the company in its fiscal report. The carrier recorded a revenue of TWD11 billion, up 16% year on year, and its earnings per share stood at TWD4.53. The carrier is...
Tipping point for dry bulk layup decision is near The economics of placing bulkers into cold layup is still borderline due to high reactivation costs, keeping too much tonnage in the market, but if variables move just a little bit further south, the financial argument for layups is much clearer. Star Bulk CEO...
Furious WSC demands answers from USCG over box weighing policy reversal Ocean carrier group writes directly to head of the Coast Guard in a bid to clarify confusing claims over role of IMO and legitimacy of Solas
China Cosco eyes interim membership of two alliances FMC asked if newly-merged carrier could remain in both the Ocean Three and CKYHE groups during integration
CMA CGM to deploy six 18,000 teu ships on Pacific after successful trials French line challenging consensus view that ULCs too large to create efficiencies on shorter ocean voyages
USCG position on container weighing remains unclear FAQ offers little direction for US shippers
Pier 400 on track to raise cranes as ULCs enter transpacific trades Update: The Los Angeles terminal expects to retrofit 10 cranes eventually but will phase in its investment programme
Diana says dry bulk recession should be shorter than in 1980s Greece-based owner has appetite for more acquisitions but survival is top priority
D'Amico product tankers rake in $54.5m profit First three quarters of 2015 were particularly strong for Italian product tanker company
Pyxis Tankers returns to the black Product tanker owner sees encouraging MR demand later this year
BP extends Azerbaijan offshore vessel contracts Ships will be supplied over a five-year period
India to reboot Sagarmala marine initiative Move to attract foreign investors ahead of major maritime conference
Fincantieri partners Chinese yard to develop cruiseship repair and conversion Italian firm to contribute technical expertise while Huarun Dadong will provide modern ship repair and refitting facilities
Brazil to auction six sites for private terminal developments Lease tenders scheduled to start on March 31
Six groups express interest in acquiring Hyundai Securities stake HMM owns 22.4% of the Hyundai Securities stake up for sale
Tokyo Gas inks pact with Mitsubishi Corp unit to ship LNG from US LNG sale and purchase contract to be for 19-year period starting 2020
Berlian Laju Tanker requests time extension to prepare 2015 financial results Owner expects to be able to announce its financial statements by March 31
Potential HMM default looms big on Danaos, Capital Partners and Navios Partners Substantial counterparty risk from lucrative HMM charters
HSH seeks takeover or sale of Sobelmar fleet Request for foreclosure rights come amid settlement talks focused on sale through US Bankruptcy Court.
More OW Bunker executives charged Move by law enforcement makes official earlier findings of fraud at top.
Plan could boost crude exports to India Government plans large boost in storage to attract foreign crude.
Eidesvik wins contract extension from Total Norwegian offshore vessel owner set to keep two of its ships busy for a total of 195 days.
Zim picks seven artists in residence Israeli container line selects the men and women who will create artworks while living on boxships.
Safe Bulkers clinches new payment extension New York-listed Greek shipowner pushes back $51.8m balloon payment by three years.
SSY names Mark Richardson as next chairman Company and industry veteran John Welham to step down at the end of this year
SCI will have to order at domestic yards Indian owner to be forced to renew fleet domestically, but only when subsidy scheme ends in 10 years.
Ostensjo Rederi promotes COO to CEO role Kenneth Walland is replacing Johan Rokstad, who will now take the reins at Edda Accommodation.
Bulk Invest files for bankruptcy Oslo-listed bulker owner aborts restructuring efforts amid opposition from Japan.
Riga Shipyard returns to profit Latvian shipbuilder posts slim earnings for 2015 as revenue rises 20.6%.
ABG Shipyard eyes $89m investment Loss-making Indian shipbuilder in talks with Vietnamese group over much-needed cash injection.
UN blacklists 31 North Korean ships Owner OMM targeted in latest round of sanctions prompted by Asian country's nuclear programme.
Tidewater closer to claiming Venezuelan cash Tribunal lifts stay on part of US offshore giant's compensation for seizure of vessels by Chavez administration in 2009.
HMM looks to offload tankers after bulkers sale Troubled South Korean owner considers disposing of more than 10 vessels, including VLCCs and MRs.
Topaz extends BP charter for 14 ships Dubai owner ties up offshore support vessels for up to seven years in the Caspian Sea.
IRISL included in CMA CGM, Coscocs talks French and Chinese lines reportedly want to bring Iranian carrier into boxship group also involving Evergreen and OOCL.
Clough secures South African LPG terminal contract Australian firm set to begin work on import facility in April with completion set for 2017.
Fincantieri teams up with Chinese ship repairer Italian shipbuilding group says move consolidates its presence in the Chinese cruise sector.
Seago Line launches new Irish Sea service Maersk Group returns to Liverpool with a direct product after a ten year absence.
VLCC tonnage pushing rates downward Large tanker spot market TCEs slump by 23% since this time last week as sentiment sags.
Uptick in product demand, low crude prices support refining: Shell analyst Refining sector is focusing on modernization to produce more distillates.
GLOBAL VLCC TRACKER: Landings in China, Japan spike to fresh annual highs Freight rates remain under pressure from long vessel supply.
Gunvor completes sale of Novorossiisk fuel oil terminal stake to Transneft The move came as Gunvor rebalances its asset portfolio.
Danish fraud office moves in on ex-OW Bunker executives Charges include fraud and breach of trust.
DNV GL introduces 'scrubber ready' class notation Allows owners to defer decisions on actually installing scrubbers on newbuilds.
Gazprom Germania completes LNG bunkering first at Germany's Rostock Port welcomes cooperation on developing supply of the bunker fuel alternative.
Vitol announces bunkering partnership in Nigerian waters Says all operations are protected by the Secure Anchorage Area team.
Sulfur bunker cap uncertainties hinder shipping, refiner decisions: executive Not enough time to prepare if IMO decides in 2018 to implement in 2020, says head of Maersk Oil Trading.
Singapore HSFO market firms up on expected tightness in April Bunker fuel demand in Singapore will be the swing factor for April, and will dictate whether Singapore will be severely short on supply
Japan's low sulfur marine diesel output falls 6.8% on week The output was also 0.1% lower year on year
TENDER DATA: Saudi Aramco offers up to 53,000 mt of 700 CST fuel oil Loading over March 17-19.
US DATA: US Atlantic Coast fuel oil stocks at highest since 2011 US fuel oil stocks ended the week at 46.786 million barrels, a build of 777,000 barrels from the previous week.
Oil futures rise despite massive build in US crude stocks US commercial crude oil stocks jumped 10.374 million barrels to 517.981 million barrels.
New European study largely in favor of LNG as fuel for ships Positive impact on air quality making it beneficial; GHG profile is less clear-cut.
Rotterdam's LNG bunkering volume soars: port president Twice of Antwerp's, three times more than Hamburg
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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