Charleston Harbor Deepening Project recommended for congressional authorisation CHARLESTON, SC - January 13, 2016 - The 52-foot Charleston Harbor Deepening Project was recommended to Congress for authorisation this week, continuing the project's historic momentum through the U.S. Army Corps of Engineers (USACE) planning process. Known as the Record of Decision, the recommendation signed by Assistant Secretary of the Army...
Port of Tallinn chooses Kalm approach After some months vetting around a hundred candidates, Port of Tallinn's Supervisory Board has elected Valdo Kalm, 49, to be the new CEO from 1 March. He replaces interim chief & CFO Marko Raid who was promoted suddenly when former boss Ain Kaljurand resigned on 27 August...
Eighteen screens for Seven Eagle Solar Solve, the British manufacturer of SOLASOLV®anti-glare, heat rejecting roller screens for navigation windows have specialised in providing sun and glare protection to the marine and offshore industry for almost 30 years. SOLASOLV® anti-glare screens are installed at the windows of all types of ships, rigs and cranes worldwide. Regarded...
Merseyside marine hydraulics specialist V&A completes repair package for Runcorn's Whitaker Tankers The Birkenhead-based family-run firm has delivered a series of complex hydraulic upgrades to the short haul fuel tanker, Keewhit. V&A Hydraulics managing director Vic Seddon said the project required a broad skill set and in-depth technical knowledge. "A key part of the repair package included work to a blown out cylinder," he...
Nordic Maritime Link across the Kattegat Through the signature of a common Memorandum of Understanding, the partners have committed themselves to identifying development opportunities and examining perspectives for future investments on both sides of the Kattegat. With this partnership, the partners have thus shown great willingness to invest in this sustainable maritime link. "The new partnership across...
PSA throughput performance for 2015 PSA International Pte Ltd (PSA) handled 64.10 million twenty-foot equivalent units (teu) of containers at its port projects around the world for the year ending 31 December 2015. The group's volume decreased by 2.0% over 2014, with flagship PSA Singapore Terminals contributing 30.62 million TEUs (-8.7%) and PSA terminals outside...
APM Terminals Los Angeles' Truck Safety Programme Los Angeles, California USA - A new safety initiative at the world's largest proprietary container terminal, APM Terminals Pier 400 Los Angeles, has resulted in the implementation of revised yard layout and procedures to enhance the safety of the 2,000 to 3,000 Over-the-Road (OTR) truck drivers who deliver and pick...
IMarEST student members win national awards for marine conservation research The overall winner, Alice McNeal, SIMarEST who is currently studying a Bsc in Biological Sciences at University of Exeter, was awarded the top prize for her ground-breaking project 'Plankton eating plastic: worth worrying about?' and will receive £1000 to further her research. The Marine Conservation Society Wakefield Memorial Award went to...
SafeSTS looking to sustain growth in 2016 Managing Director Yvonne Mason expressed satisfaction with the company's progress during the year, saying: "A number of specific skills and experience are required to conduct ship-to-ship transfers safely, and health and safety is at the forefront of everything we do. Inevitably, business growth involves an increasing number of such transfers, and...
ClassNK releases Guidelines for Use of Structural Adhesives Tokyo - Leading classification society ClassNK (Chairman and President: Noboru Ueda) has released its Guidelines for Use of Structural Adhesives for the shipbuilding industry. Compared with other joining methods such as welding, structural adhesives are easy to construct and control. In addition, because they can be used without the...
World container handling arrests decline Global container traffic stopped falling during the fourth quarter of 2015 and appears to be on a flat sideways trend now, according to HSH Nordbank's world trade index. The latest reading of its index covering the period from October to end of December of last year suggests that box...
Angolan oil major Sonangol delays drillship orders at DSME Angolan oil company Sonangol has reportedly deferred the delivery of two drillships on order at Daewoo Shipbuilding & Marine Engineering, joining a growing number of drillship owners who are pushing back such deliveries as oil prices weaken. DSME said in a Korea Exchange...
Triyards insulated by diversified orderbook While the collapse in oil and gas prices has affected its parent company's profitability, Ezra subsidiary Triyards is fairly insulated due to the offshore and marine engineering company's diversified orderbook, according to KGI Fraser Securities. Triyards posted a profit of USD 6.2 million for the first quarter of its financial year,...
Japan shipyard orders hit post-financial crisis high Orders at Japanese shipyards have hit levels not seen since the global financial crisis struck in 2008. Statistics released by the Japan Ship Exporters Association showed that its member yards won 424 orders totaling 22,221,575gt from January to December 2015. In December 2015 alone,...
Singapore slashes port dues as throughput drops to lowest level in four years Singapore said it would hand back USD11.8 million in port dues to shipping lines in 2016 as it looks to shore up container volumes as preliminary figures show the port booked its lowest annual throughput last year since 2011. An additional 10% concession on ports dues for container vessels calling...
Thailand expects solid 2016 growth in car exports Automotive exports from Thailand are forecast to grow by up to 10 percent this year, with demand particularly strong for environmentally friendly models in North America, Europe and Australia. "Last year we exported 1.2 million cars," an official with Laem Chabang, Thailand's gateway port, told IHS Fairplay. "This year we think...
No shake-up to Panamax services yet, says Hapag CEO The world's fifth-largest container line, Hapag-Lloyd, expects no major tonnage changes on all-water container services through the Panama Canal before the end of this year. Although the Panama Canal authority has reassured ship operators that the new third set of locks is going to be opened in the second...
Greece wants 'stable and permanent' shipping industry, says Dritsas Shipping minister says policy cannot be solely subject to market rules, while Chamber of Shipping underlines need for competitiveness
BDI drops to record low for eighth consecutive day All vessel types take a hit in oversupplied market, but some slight recovery may be seen in March or April
Ardmore gets growth options in $364m refinancing Two facilities across four banks push maturity to 2022
Fall in Frontline shares confuses tanker industry Tanker stocks should be attractive, but that is not the case
Escalation of engineer strikes affecting Svitzer Australia tugs Stoppages of up to 48 hours due as AIMPE rejects single enterprise agreement
Braemar upbeat on full year prospects Broker expects to hit targets in first full year since ACM merger
Hong Kong to set up new maritime body Industry players expect string of policy reforms to support the shipping sector
Singapore International box volumes fall by 2% Global figure is weighed down by flagship PSA Singapore, which saw a drop in throughput of almost 9%
Star Bulk is not dead, it's getting better Recent sales of eight vessels to generate a net cash inflow of $59m and push a potential liquidity crunch further down the road
China's near-term outlook remains a guessing game, BW's Sohmen-Pao says But BW Group chairman is positive on China's medium to long-term prospects
Berlian Laju Tanker narrows nine-month losses Following mandated lead arranger agreement that closed in December, BLT now possesses five vessels at start of the year
Ezra Holdings posts first net loss since listing Focus will be on improving vessel utilisation and project execution
Scorpio Tankers secures fresh funding from ING Credit facility boosted from $87m to $132.5m and will be used for a ship purchase and a refinancing of vessel debt
US Xpress ties double-digit truck driver pay hike to safety The U.S. economy may be slowing and freight demand slipping, but truck driver pay is still rising after two years of gains measured in double digits. This year, however, pay hikes are more likely to be aimed specifically at those drivers trucking companies most want to hire and keep - and those,...
December volume lifts Long Beach to third-best year in its history Container volume moving through the Port of Long Beach in December increased 5.1 percent over December 2014, helping to propel the port to the third best year in its history. The turnaround in late 2015 was notable because Long Beach, like all West Coast ports, turned in a dismal performance earlier...
Revised NY-NJ clean-trucks plan stirs up controversy Money, environmental and labor issues are complicating the Port Authority of New York and New Jersey's effort to replace or retrofit old trucks with newer, less-polluting engines. The U.S. Environmental Protection Agency this week criticized the port authority for lifting a Jan. 1, 2017 deadline that would have forced...
Amazon gets OK to operate as NVOCC from China to US WASHINGTON - Amazon has received a license from the Federal Maritime Commission to operate as a non-vessel operating common carrier of cargo from China to the United States, the latest sign of how the e-commerce giant is taking a more active role in transporting its own freight. The granting of the license,...
Proposed CSX intermodal terminal would benefit Wilmington, NC, shippers A proposed $272 million CSX Transportation intermodal hub would give shippers using the Port of Wilmington better access to the fast-growing markets of Charlotte, Raleigh and the Research Triangle, along with the entirety of the CSX network. The terminal - part of CSX's $2.4 billion capital plan for 2016, which will...
Less US truck-related fatalities spell reduced liability risk for shippers Based on an analysis of federal data, truck safety in the U.S. is improving, even as trucks and motorists rack up more mileage on highways, the American Trucking Associations said. That's good news for everyone, including shippers and third-party brokers concerned about their increased risk of liability in truck-related accidents. Fewer people...
Maersk Line to appeal Russia anti-competitive ruling Maersk Line said it will appeal Russia's ruling that the container line violated anti-competitive laws, saying that the publishing of general rate increases is legal and key to informing customers. The Russian Federal Anti-Monopoly Service accuses Maersk, CMA CGM, Hyundai Merchant Marine, Orient Overseas Container Line and Evergreen Line...
CP to UP: You were for Class I consolidation before you were against it Canadian Pacific Railway criticized the head of Union Pacific Railroad for pledging to try to stop Class I industry consolidation, pointing out that the U.S. Western railroad became the largest in North America because of numerous mergers and has praised consolidation. "It is unfortunate that UP would try to...
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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