Shipping Losses Continue to Fall
Large shipping losses have declined by 38 percent overall in the past decade, according to the Safety & Shipping Review 2018 by Allianz Global Corporate & Specialty (AGCS).Further, the number of total losses declined by 4 percent to 94 last year, the second lowest number in a decade.“Insurance claims have been relatively benign, reflecting improved ship design and the positive effects of risk management policy and safety regulation over time,” says Baptiste Ossena, Global Product Leader Hull & Marine Liabilities…
NYK Auto Logistics Pact with Adani Logistics
NYK Auto Logistics India (NALI), an NYK Group company, signed an agreement with Adani Logistics(ALL) to form a joint venture that specializes in the transportation of finished vehicles using automobile freight trains.The automotive production volume is expected to further increase in India, and there is increasing demand for transporting vehicles by rail, which places less of a load on the environment.NALI currently provides an integrated transport service for finished cars in India…
Dubai Maritime City Authority to Develop UAE’s Maritime Sector
The Department of Transport in Abu Dhabi signed a Memorandum of Cooperation (MoC) with the Dubai Maritime City Authority (DMCA) with an aim to promote the development, consolidation and regulation of the maritime sector based on competitiveness, sustainability, excellence and innovation.The MOC is a result of relentless efforts by both parties to establish effective strategic partnerships to elevate the UAE’s position as one of the world’s best maritime centers.The agreement was signed by Sultan Ahmed bin Sulayem…
McAllister Christens Tug Pair in NYC
There's nothing like New York City for a maritime event, and McAllister Towing and Transportation Co., Inc., one of the historic family-run companies serving the industry for more than 150 years, held a signature ceremony and party last night at Pier 16 in Manhattan with the christening of two tugboats, the Rosemary McAllister and the Capt. Brian A. McAllister, both ABS classed FiFi 1 with propulsion systems meeting EPA Tier 4 emission regulations: 3516E Tier IV Caterpillar engines…
Jamaica Passes Bill to Manage Ballast Water Carried By Ships
The House of Representatives passed the Ballast Water Management Bill, which is aimed at protecting Jamaica’s marine environment, said Jamaica Information Service, a government agency. The legislation seeks to implement measures to prevent ships entering Jamaica’s waters from introducing foreign aquatic species and diseases into the country. The Minister of Transport and Mining, Robert Montague, said the Bill is in keeping with commitments under the Ballast Water Management Convention, of which Jamaica is a signatory.
Singapore Tops World's Shipping Centre Rankings in 2018
Singapore has emerged as the world's top maritime center for the fourth consecutive time in the Xinhua-Baltic International Shipping Center Development Index. "Singapore remains unmoved at the top of the International Shipping Centre Development (ISCD) Index for the fifth successive year, following a benchmark report published today (10 July 2018) by the Baltic Exchange and Xinhua, China’s news agency," said a press release. The index covers 43 of the world’s largest ports and…
LA, Antwerp Partner to Advance Port Technologies
In an effort to spur technology-based innovation in the port and maritime environment, the Port of Los Angeles and Port of Antwerp in Belgium are hosting an international “Hackathon.” The technology competition will take place October 11-13, 2018 simultaneously in the two cities and involve participants from around the world.The Hackathon has been organized under the chainPORT initiative, a collaboration of 12 ports launched in 2015 to digitally connect ports worldwide, share…
Shipping’s Half Year Report: Extra Classes Needed?
With the industry hoping for better “grades” after the “effort” of recent years, this week’s Analysis updates our half year shipping report showing a ClarkSea Index up 9% y-o-y but still below trend since the financial crisis (see Graph of the Week). After comments of “must do better” and “showing potential” in recent years, do the statistics suggest “extra classes” will again be needed over the summer holidays?Progress But No Time To Relax!Our ClarkSea Index (comprising tankers…
Port of Long Beach Receives Zero-emissions Equipment Grant
Cap-and-trade funds electric vehicle demonstrationAs part of its transition to zero-emissions operations, the Port of Long Beach will use a $5.3 million grant from the California Air Resources Board (CARB) to deploy hydrogen- and electric-powered cargo-handling equipment at two shipping terminals.The funds for the Commercialization of POLB Off-Road Technology Demonstration Project (C-PORT) leverage Long Beach’s place as the nation’s second-busiest seaport to test the viability of zero-emissions vehicles that are used on the docks.
Newbuild Spending Dropped Sharply in Q2
Enthusiasm for newbuild orders across most shipping markets has started to wane after more than $10 billion dollars were committed in the first quarter of 2018, according to VesselsValue. The total committed to new deliveries is now the lowest since the start of 2016.Ordering trends in the start of the year were highest in the markets that were seeing the highest returns. This includes the dry bulk and liquefied natural gas (LNG) carrier markets, while interest in the low earnings environment tanker markets was softer.
World Maritime Day Theme 2019: Empowering Women
"Empowering Women in the Maritime Community" has been selected as the World Maritime Day theme for 2019. This will provide an opportunity to raise awareness of the importance of gender equality, in line with the United Nations' Sustainable Development Goals (SDGs), and to highlight the important contribution of women all over the world to the maritime sector. The Council of the International Maritime Organization (IMO), meeting for its 120th session at IMO Headquarters in London, endorsed the theme, following a proposal by IMO Secretary-General Kitack Lim.
HoogTij to Build Deep-sea Quay
The construction of a 900-metre-deep deep-sea quay near the HoogTij business park along the North Sea Canal is set to begin this summer. HoogTij is divided into two parts: a site reserved for port-related companies (the maritime section) and a site intended for land-based companies (the land section). The total area can accommodate 130 hectares of business activity. HoogTij is a project initiated by the Municipality of Zaanstad, Port of Amsterdam and Ontwikkelingsbedrijf Haventerrein Westzaan (the Haventerrein Westzaan Development Company).
Chinese Rescue Diver to Receive IMO Bravery Award
A rescue diver from China who made a series of underwater dives to rescue three people from a sunken cargo ship will receive the 2018 IMO Award for Exceptional Bravery At Sea.A Panel of Judges decided that the rescue merited the highest award. The decision was endorsed by the IMO Council at its 120th session in London (2-5 July).Following a collision with another ship, in Guangzhou Port, China, in the early morning of November 27, 2017, the bulk carrier M.V.Jin Ze Lun sank. Of the 14 crew on board, two were immediately rescued by local maritime authorities but 12 remained missing.
Total Acquires Direct Energie
Total and Direct Energie announce the completion of the acquisition today by Total of 73.04% of the share capital of Direct Energie, for 42 euros per share, representing approximately 1.4 billion euros. This acquisition, which is subsequent to the satisfaction of all conditions precedent referred to in the agreements executed on April 17, 2018 with Direct Energie’s main shareholders, was followed today by the filing by Total of a mandatory tender offer for the shares in Direct Energie which are not yet held by Total, at the same price of 42 euros per share.
OP/ED: How Growth Can Benefit the Environment
You might call 2017 a banner year for California ports. San Pedro Bay, home to the nation's leading twin ports of Los Angeles and Long Beach exceeded their pre-recession peaks. Collectively, San Pedro Bay was up 7.2% from its 2006 peak. It took a decade to get there and while you wouldn't want that sort of annualized growth going forward, it did arguably mark the end of San Pedro Bay's recession dip. More importantly, growth looks to continue in 2018. As of the end of May, year to date container volumes are 3.7% higher over the same period in 2017.
The World Maritime University Celebrates 35 Years
Alongside the 70th anniversary of the International Maritime Organization (IMO), in 2018, the World Maritime University (WMU) is celebrating 35 years. WMU has made a major contribution to global maritime education, research and capacity building. In this respect its legacy has been transformative with its extensive network of leaders in the maritime and ocean sectors, with 4,654 WMU alumni from 167 countries to date. In the early 1980s, the IMO identified a shortage of well-qualified, highly educated maritime experts, particularly in developing countries.
Turi Fiorito to Become New EFIP Director
Turi Fiorito has been appointed as new Director of the European Federation of Inland Ports (EFIP). He will take up his function on 20 August, 2018. Turi Fiorito comes with a solid background in EU policy making and transport, having worked as Transport Policy Advisor for a Dutch Member of the European Parliament, Wim van de Camp. In that capacity, Turi has been working on different port (Port Services Regulation), rail (4th railway package) and inland waterway issues for a number of years.
Kalmar Sells Rough Terrain Handling Business
Kalmar, part of Cargotec, has signed an agreement to sell its rough terrain handling business, Kalmar Rough Terrain Center (KRTC), to the management and a Texas-based investment group, led by Independent Bankers Capital Funds (IBCF) and Congruent Investment Partners, LLC (Congruent). The contract was signed and is effective as of 29 June 2018. Kalmar Rough Terrain Center is a specialised manufacturer of rough terrain material handling equipment for both the defense and commercial markets. It is also a manufacturer and distributor of parts and a service provider to existing equipment.
Gothenburg Port Extends and Renews Green Discount
The Port of Gothenburg has extended and renewed the port tariff discounts for vessels running on liquefied natural gas (LNG). In 2015, the Port of Gothenburg introduced an environmental discount on the port tariff in an effort to increase the number of calls by ships running on LNG. Several major LNG investments have been made since then, including initiatives by a number of Swedish shipping companies. This has had a positive impact on the environment, including reduced emissions of sulphur dioxide, particles and nitric oxide into the air in western Sweden.
HII Appoints Brady as Chief Operating Officer for SN3
Huntington Ingalls Industries (HII) (NYSE:HII) has appointed Sharon Brady chief operating officer of SN3, part of Huntington Ingalls Industries’ Technical Solutions division, effective June 4. In this new position, she plays a leading role in supporting SN3’s current portfolio and developing strategies for growth. Brady has been with SN3 since 2001, serving in various corporate and government contract positions. She most recently served as director of business services for the Savannah River National Laboratory (SRNL)…
Scandinavian Shipping & Logistics Acquires Unitrans
Scandinavian Shipping & Logistics acquires the forwarding company Unitrans. “By this takeover we strengthen our position as a logistics company, both in Sweden and on the global market”, says Björn Eklund, owner of Scandinavian Shipping & Logistics. By the acquisition Scandinavian Shipping & Logistics expands its’ capacity mainly within road transports and at the same time, growing with a visible presence in the south of Europe. The acquisition is part of the company’s investment in strategical growth, which includes plans for more business acquisitions.
Gothenburg Port Renews Port Tariff Discounts for LNG Vessels
As part of the Gothenburg Port Authority environmental discount scheme, vessels that report good environmental performance receive a 10 per cent discount on the port tariff, assuming they achieve a certain level according to the globally recognised environmental indexes ESI and CSI. Vessels that run on LNG receive an extra discount of 20 per cent each time they call. The LNG discount is subject to a time limit and is due to run to the end of this year, although the Port Authority is considering extending the discount period.
Hapag-Lloyd Slashes 2018 Profit Outlook
German container carrier Hapag-Lloyd has cut its profit outlook for the year 2018 amid a challenging and volatile environment for ocean carriers. A Reuters report quoted the shipper saying that freight rates had recovered more slowly than expected while fuel and charter costs had ballooned. The report said that these developments cannot be fully offset by cost saving measures that have already been initiated. Hapag-Lloyd also referred to the uncertainty regarding the development of freight rates in the upcoming peak season as one of the factors for the outlook revision.
IMO On Board
Lifeboat inspection, fire drills, emergency generator training, keeping watch, new friendships, ports, building professional networks, and working far away from home and family. These, and many more, are all part of life at sea, and International Maritime Organization (IMO)'s own Sascha Pristrom is experiencing these during a voyage on the Monaco Maersk ultra large container ship. As 2nd Officer, he is gaining a direct insight into the practical implementation, on a ship, of IMO regulations and guidelines.
Long Beach, Oakland Port Bosses Seek Help
Mario Cordero, Chris Lytle want policy and funding for clean air, infrastructure. Two of this nation’s highest-ranking port executives want continued government support for maritime industry clean air efforts and infrastructure development. They made that pitch this week in Oakland to an audience of 100 at the Pacific Transportation Association. Port of Long Beach Executive Director Mario Cordero and Oakland counterpart Chris Lytle called for government aid and policy direction.
Maersk Line to Comply with U.S Sanctions on Iran
Maersk Line, a part of A. P. Moller-Maersk, acknowledged that the United states has announced it will cease its participation in the joint comprehensive plan of action (JCPOA), and re-impose Sanctions on Iran following a wind down period. Maersk will respect U.S. regulation on Iran, and has initiated preparations to ensure compliance before the wind-down period expires. Regarding imports into Iran, acceptance from origins will cease from 1 July 2018. Exports from Iran and loadings from Iran ports are to cease from end-august 2018. Compiled by Reuters Copenhagen Newsroom.
Europe: Train Gains Ground in Goods Transport
Parties involved in the transport of goods by rail have reached agreement with State Secretary Stientje van Veldhoven on a package of measures designed to make goods transport by rail more sustainable and more attractive. The measures include a large reduction in the user fee, deployment in relation to the European rail safety system ERTMS and improving environmental conditions for those living near the railway. The package will enable a modal shift and is thus in line with the climate targets and the coalition agreement.
Marine Environment Protection for Southeast Asia Seas Project Launched
Seven ASEAN countries have formally launched an ambitious initiative aimed at improving the environmental health of the seas in the region, through the implementation of key International Maritime Organization (IMO) marine environment protection treaties. Senior decisions makers of maritime administrations of the beneficiary ASEAN countries (Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Thailand, and Vietnam) met for their first high-level regional meeting in Bali, Indonesia (25-27 June), to kick-start the “Marine Environment Protection for Southeast Asia Seas (MEPSEAS) Project”.
UN Spotlights International Day of the Seafarer 2018
Seafarers are the unsung heroes of shipping, the industry on which everyone, everywhere relies for the goods and commodities we all need and want. But it’s a tough and demanding job which sometimes can put pressure on mental health. This is why, this year, in 2018, International Maritime Organization (IMO) is joining the growing momentum within shipping to address the important issue of seafarers’ wellbeing. A seafarer’s job can be rewarding and fulfilling, but it can also have its more difficult moments. Many different factors can affect the quality of life at sea.
IMO on Women in Port Management
International Maritime Organization (IMO) is continuing its ongoing efforts to ensure women can reach top ranks in the maritime sector, through its Women in Maritime programme. The latest event was a two-week training course for female officials from maritime and port authorities of developing countries, in Le Havre, France (11-22 June). At the Institut Portuaire d'Enseignement et de Recherche (IPER), 23 female officials from 14 developing countries (Burkina Faso, Cameroon, Chad…
SEA\LNG Welcomes First Shipborkers in the Coalition
SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, today announced that it has welcomed Exeno Yamamizu Corporation (Yamamizu) & Fearnleys AS as the first shipbroking companies to join its membership coalition. The coalition whose membership currently stands at 33 organisations, is committed to uniting knowledge and expertise from across the LNG value chain, including shipping companies, ports…
Shippers Push to Undermine EU Ship Recycling Regulation
The EU member states’ experts on ship recycling met in Brussels to discuss the latest developments, six months ahead of the application of the 2013 Ship Recycling Regulation. With the recent decision by the Chinese government to stop the import of end-of-life ships for scrapping, the shipping industry is quick to lament that there will not be enough recycling capacity and that there will be too few options for them under the EU List of approved recycling facilities. The industry claims that the standard set by the EU must be lowered so that beaching yards can be approved.
Port of Cape Town to Open Training Center in September
Transnet National Ports Authority (TNPA) has completed the construction of its Maritime Training Center at the Port of Cape Town and the institution will run its first courses in September 2018.TNPA refurbished an underutilized building at the port to house the center, which will offer marine skills development programs and apprenticeships to youth from previously disadvantaged communities and employees within Transnet.The project is part of TNPA’s role as a lead implementer of Government’s Operation Phakisa program which aims to unlock the economic potential of the country’s Oceans Economy.
Cargill Aims to Cut Ship Emissions 15% by 2020
Cargill Inc aims to cut carbon emissions from its international shipping unit by as much as 15 percent by 2020, to meet U.N. regulations to reduce pollution and demands from some of its food manufacturer customers for more environmentally-friendly operations.The global commodities trader, which was scheduled to announce the emissions goal late on Monday, told Reuters the reduction of CO2 per cargo-ton-mile was targeted at its time-chartered fleet. But overall, Cargill plans to cut total greenhouse gas emissions on an absolute basis across all company operations by 10 percent by 2025.Cargill…
The Bellona Foundation, Carnival Partner in Sustainable Cruising
The Bellona Foundation and Carnival Corporation & plc have signed an agreement to work together to continue improving environmental and sustainability impact. The newly formed cooperation is based on the two parties’ shared vision of an even more sustainable cruise industry in a future zero emission society.The agreement's overall purpose is to contribute to and promote sustainable operations in the shipping industry. The arrangement will focus on solutions, regulations and legislation favoring the use of environmentally friendly vessels for the benefit of the environment…
NYK Line, Asahi Shipping Sign Contract with Kobe Steel
Nippon Yusen Kabushiki Kaisha (NYK Line) together with Asahi Shipping, has concluded a long-term contract with Kobe Steel for the transport of coal for up to 20 years aboard a newly built ship. After delivery of the new vessel from Oshima Shipbuilding in 2021, the ship will transport coal from locations outside Japan to mainly the city of Kobe. This ship will be equipped with a diesel engine compliant with a more stringent environmental regulation limiting nitrogen oxide (NOx) emissions — i.e.…
Bolidt Eyes Polar Cruise Sector
Bolidt Synthetic Products & Systems' position for decking and flooring in mainstream cruise ship and superyacht markets has been quickly converted into a series of business wins in the fast-emerging polar expedition cruise ship sector.The most recent contract for the Dutch manufacturer’s hardwearing, environmentally friendly and visually attractive products covers the Hurtigruten newbuildings, Roald Amundsen and Fridtjof Nansens, two hybrid propulsion expedition cruise ships under construction at Kleven shipyard in Norway.
Terminal Industry Committee 4.0 Established
Recognizing the need for the container terminal industry to prepare for the 4th industrial revolution and to further advance digitalization, an open group of 15 global private container terminal operators and some port equipment manufacturers has recently met in Brussels on 30thMay 2018 at FEPORT (The Federation of European Private Port Companies and Terminals) premises to discuss the current challenges for the cargo handling industry. A press release from Port Equipment Manufacturers…
Venice, A New Generation Port
The port of Venice has been chosen as the Italian case study in the “Next Generation” international conference, which is promoted by AIVP, the International Association of Port Cities, which is meeting from June 11th to 14th in Quebec City, Canada.To celebrate its 30 years of research and in-depth work on the issue of the relationship between the spirit of a port and that of a city in harbor cities, the worldwide network has focused its 2018 conference on “new generation ports”…
Rock Seven and Blue Sky Network Partner
Communications technology and services developer Rock Seven said it has partnered with Blue Sky Network, a provider of mission-critical, satellite-based fleet management, tracking and operational analytics solutions serving private, commercial and government customers worldwide.This long-term cooperation will support growth in Blue Sky Network’s maritime strategy, but additionally has ramifications for clients in the aviation and land sectors.Headquartered in San Diego with a wholly-owned subsidiary in Brazil…
Navios Maritime Partners Adds One Panamax Vessel
Navios Maritime Partners, an international owner and operator of container and dry bulk vessels, announced today that it took delivery of the Navios Altair I, a 2006-built, 74,475 dwt Panamax vessel on June 7, 2018. As previously announced, the vessel was acquired for a price of $11.0 million. The vessel is chartered out at a net rate of $9,844 per day until November 2018. Based on the existing charter and the current rate environment (Clarksons’ 1-year time charter rate for Panamax vessels as of June 1…
EU Commission Proposes New Fund for Maritime Economy
For the next long-term EU budget 2021-2027, the Commission is proposing EUR 6.14 billion under a simpler, more flexible fund for European fisheries and the maritime economy. The new European Maritime and Fisheries Fund will continue to support the European fisheries sector towards more sustainable fishing practices, with a particular focus on supporting small-scale fishermen. It will also help unleash the growth potential of a sustainable blue economy towards a more prosperous future for coastal communities.
GAC UK Unveils Sustainability Steps at Volvo Ocean Race
Shipping and logistics services provider GAC UK announced progress in its efforts to reduce plastic and other waste. As the yachts competing in the Volvo Ocean Race set off on Leg 10 from Cardiff yesterday, Managing Director Herman Jorgensen unveiled practical steps already taken to reduce the company’s impact on the environment. GAC is the official logistics provider for the round-the-world sailing race due to finish in The Hague later this month. Jorgensen had been inspired by the Volvo Ocean Race’s first Ocean Summit in Alicante…
Dunkerque-Port Gets “PERS” Certification From Ecoports Network
In line with the commitments of the PA2D (Sustainable Development and Action Plan), Dunkerque-Port has just received the EcoPorts network's PERS certification (Port Environmental Review System), granted by the ESPO (European Sea Ports Organisation). This environmental management certification, specific to the port sector, attests to correct compliance with current rules and standards, and rewards involvement in projects and initiatives for better environmental performance in ports.
Record US Retail Imports Expected this Summer
Imports at the United States’ major retail container ports are expected to set record numbers this summer and fall even as the debate over trade and tariffs continues in Washington, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Consumers are buying more and that means retailers are importing more,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Imports continue to be the primary source of high-quality, mass-produced necessities at affordable prices and will be for the foreseeable future.
Adriatic LNG Receives 600th Cargo
Adriatic LNG, the company which operates the regasification terminal located off the Veneto coastline, announces the arrival of the 600th carrier, the Al Jassasiya. The carrier left Ras Laffan Port in Qatar, delivering a cargo of about 140,000 cubic meters of liquefied natural gas (LNG), equivalent to nearly 85 million cubic meters of gas. The event was celebrated on the terminal with a brief ceremony that involved the vessel's personnel and Adriatic LNG's staff, including the Operations Manager Fabian Erle, who delivered a recognition to Georgios Pissaris, the Captain of the Al Jassasiya.
Call for Development of Holistic Corridor in Baltic
Development of transport corridors ensures smart and innovative cross-border transport and logistics services on the core transport network of the Baltic Sea Region. The ways to develop the smart North Sea–Baltic, Baltic–Adriatic and Scandinavian–Mediterranean Core Network Corridors in the new Multiannual Financial Framework 2021-2027 were discussed in Tallinn earlier this week. The seminar “Delivering Smart and Innovative Strategic Transport Projects: post-2020 perspective” was organized as a part of the 9th Annual Forum of the EU Strategy for the Baltic Sea Region (EUSBSR).
Chairman of IACS Commends Association’s Achievements
Knut Ørbeck-Nilssen, who will hand over the reins of International Association of Classification Societies (IACS) in July, examined how the association had evolved during his time as Chairman, while speaking at the Posidonia trade fair in Athens. In an industry undergoing rapid change, the IACS Chairman identified the need for classification societies and IACS itself to be adaptable and prepared for change, while staying true to the core purpose of classification. Ørbeck-Nilssen…
Long Beach Publishes Study on Toyota Terminal Renovation
The Port of Long Beach has released its draft study examining a proposal by Toyota Logistics Services to reconfigure its facility at Pier B and build a renewable fuel-cell power plant and hydrogen fueling station.The study is an Initial Study/Mitigated Negative Declaration (IS/MND), meaning that no substantial evidence was found that the project would have a significant effect on the environment.The public can comment on the draft IS/MND through Tuesday, July 10.Toyota has proposed a plan to streamline its operations at a marine terminal where new automobiles are off-loaded from ships…
Panama Maritime Authority Authorises Verifavia
Verifavia, the world’s leading emissions verification company for the transport sector (aviation and shipping), announced that it has become the first independent verifier authorised by the Panama Maritime Authority to conduct the International Maritime Organisation’s (IMO) Data Collection System (DCS) verification services for vessels registered in Panama. Through this authorisation granted by Panama, Verifavia will offer its IMO DCS and EU MRV verification services to the world’s largest ship registry – with over 8…
APM Terminals Uruguay Inches to Zero Carbon Emissions
APM Terminals Inland Services Uruguay (also known as Montevideo Port Services SA) switched on 648 solar panels this month, capable of producing 228.6 MWh per year, enough to meet up to 90 percent of the facilities entire annual consumption.By switching to their own renewable energy source, Inland Services Uruguay, the largest equipment maintenance and repair provider in the country, will reduce its CO2 emissions by almost 50 tonnes per year. To put this in perspective, according to the United States Environmental Protection Agency it would take around 1…
OOCL Wins Corporate Environmental Leadership Gold Award
Orient Overseas Container Line is very honored to be the first carrier in the international transportation and logistics industry to receive the Gold Award at the 2017 BOCHK Corporate Environmental Leadership Awards ceremony held at the Kowloonbay International Trade & Exhibition Centre on 31 May, 2018. This distinguished awards program aims to acknowledge outstanding participating organizations for their efforts in promoting environmental and low-carbon best practices in the…
Cargo Ship Loses 83 Containers off Australia
A cargo ship lost 83 containers over-board during heavy seas off Australia and items including nappies and sanitary pads are washing up on beaches while there are fears the ill-fated containers will pose a hazard for shipping and whales.The YM Efficiency, operated by Taiwan shipping company Yang Ming Marine Transport Corporation, was sailing from Taiwan to Sydney when it encountered 5-metre swells in the Tasman Sea, about 30 km off Australia's east coast late on Thursday."They're 40-foot containers, they sit about a foot or two off the water ...
CMA CGM Looks to Leverage Artificial Intelligence
French shipping group CMA CGM said it has been working with a San Francisco-based startup on a project to embed artificial intelligence and advanced digital technologies aboard its containerships.The collaboration kicked off in the beginning of 2018 and includes the maritime focused tech startup Shone, which was founded by three French engineers in 2017 to introduce artificial intelligence such as is already found in cars on board ships.Through the partnership, Shone has gained…
Oil Tanker Scrapping to Hit Multi-year High
The shipping industry will this year scrap the largest number of oil tankers in over half-a-decade, driven by weak earnings, firm prices for scrap steel and the need to prepare fleets for strict new environmental regulations.The surge in scrapping underscores how the sector is grappling with one of its worst-ever crises, hit hard after rates for transporting oil plunged to multi-year lows in the wake of excess tanker supply and tepid demand as OPEC production cuts bite."The tanker markets are definitely in a trough at the moment…
Singapore Awards Grant to Build LNG Bunker Vessels
Singapore's port authority will provide S$6 million ($4.5 million) to help build two liquefied natural gas (LNG) bunker vessels, in a bid to promote ship-to-ship LNG bunkering in the city-state.FueLNG, a joint venture between Keppel and Shell Eastern Petroleum, and Pavilion Gas will each receive a S$3 million co-funding grant for the vessels due for delivery in 2020, the Maritime and Port Authority of Singapore (MPA) said on Monday.The move is part of Singapore's push to maintain its status as leading ship refueling hub in the region."LNG is a viable marine fuel solution to meet global environ
Obituary: Maritime Industry Icon Jack Gallagher
John “Jack” J. Gallagher, a maritime industry veteran and environmental services pioneer, passed away on Monday at the age of 89.Jack’s greatest professional passion was his work as a Spill Manager/Qualified Individual, a role in which he had few peers. Jack was known to be fiercely committed to doing everything morally possible to protect his clients, while at the same time doing all within his power to protect the environment. He attended and helped shape the outcome of more maritime casualties and oil spills than can be remembered.Over the course of his long and fruitful career…
d’Amico Group to Open Fleet Operations Center in Rome
d’Amico Group will build a new fleet digital operating center in Rome, Italy that will help the dry cargo and tanker shipping company to boost efficiency and safety across its fleet through increased collection of performance details and data from its ships.The new center, which is being created through a partnership with RINA and Telemar, is part of the trend toward increasing digitalization within the maritime industry. In addition to providing d’Amico Group with intelligence about operations on which to base strategic business decisions and operational improvements…
Seaspan Recognized for Environmental Stewardship
Seaspan was recognized as a recipient of the Blue Circle Award at an Awards Ceremony in Vancouver last night, presented by the Vancouver Fraser Port Authority (VFPA). The Blue Circle Award recognizes marine carriers that excel in environmental stewardship and attain the highest participation rates in the Vancouver Port Authority’s EcoAction Program.“We’re very proud to be recognized by the VFPA for our efforts. As a leader in the marine industry, we firmly stand behind our commitment to care for the environment…
France's Macron Calls for Global Trade Reform
French President Emmanuel Macron on Wednesday said it was time for the world's biggest economic powers to start talks on reshaping World Trade Organization rules to prevent current tensions spiraling into trade wars.Macron's comments before the Paris-based Organization for Economic Cooperation and Development (OECD) came as the European Union faced less than 48 hours to win an exemption from U.S. tariffs on European aluminium and steel."This is about a complete update of global competition rules…