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Ferry grounding, Norway
Ferry KARLSOY ran aground shoerlt after 1100 UTC Oct 26, while en route from Vengsoy island to Belvika with 6 people on board. Ferry changed her course hard a port and ran onto southern tip of Vangsoy island, though she should keep straight course, reason yet unknown. She was refloated several hours later and reached Belvika. Later that day she sailed to Tromso, probably for inspection and repairs. On a photo by Magnus Aamo Holte an.no grounded KARSLOY.Posted On:28-Oct-2017
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Container ship troubled in Yangtze estuary
Container ship EASLINE SHANGHAI suffered mechanical failure and requested assistance on Oct 19 in Yangtze river estuary. MRCC Shanghai dispatched a SAR tug DONG HAI JIU 101 (IMO 9654816), which managed to take disabled vessel on tow and tow her to safety after 8-hour towage in adverse weather conditions. Understood disabled vessel was either anchored, or had to drop anchor to avoid drifting.Posted On:28-Oct-2017
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One More VLCC Newbuild Joins Bahri
National Shipping Company of Saudi Arabia (Bahri) has taken delivery of Shaden, a very large crude carrier (VLCC), from South Korean Hyundai Samho Heavy Industries (HSHI) shipyard. The 300,000 dwt ship is the fifth VLCC to join the Bahri fleet this year, following the deliveries of Amjad, Maharah, Aslaf and Rimthan. Flying the flag of […]Posted On:28-Oct-2017
Credits: worldmaritimenews.com |
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Shipping Bonds Issuance Momentum Explained
Faced with the lack of available funding, a growing number of shipping companies have taken advantage of the low interest rate environment and tapped the debt capital markets. There are several reasons behind such a trend, according to shipping consultancy Drewry. Among the main drivers of the increase in high yield bond volumes coming from the […]Posted On:28-Oct-2017
Credits: worldmaritimenews.com |
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Astomos, Elgas to Study LPG as Ship Bunker Fuel
Japan’s Astomos Energy Corporation and Australian LPG distributor Elgas have agreed to further study the use of liquefied petroleum gas (LPG) as ship bunker fuel. Under a Memorandum of Understanding (MOU), the companies will enhance cooperation across all aspects of LPG bunkering including the sharing of information, research and development and collaboration in securing global supply sites […]Posted On:28-Oct-2017
Credits: worldmaritimenews.com |
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Cosco Shipping Ports’ Earnings, Volumes Up in 3Q
China-based Cosco Shipping Ports Limited delivered improved earnings, accompanied by greater volumes in the third quarter of 2017, driven by the growth of international trade. Amid improvement in international trade, and the support from shipping alliances and shipping fleets of parent company, the company’s revenue for the three-month period ended September 30, 2017 increased by 8% to USD […]Posted On:28-Oct-2017
Credits: worldmaritimenews.com |
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SIU Canada Urges Algoma Tankers to Stop Strike Breaking
The Seafarers’ International Union of Canada (SIU) has called on shipping company Algoma Tankers to “cease illegal strike breaking”. Namely, after Canadian officers commenced legal strike actions on October 21, Algoma Tankers Limited temporarily employed foreign workers in Canada. The SIU has also contacted the federal department of Economic & Social Development Canada (ESDC), as the […]Posted On:28-Oct-2017
Credits: worldmaritimenews.com |
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Maersk Line Named ‘Container Operator of the Year’
Danish shipping company Maersk Line has been named ‘Container Operator of the Year’ at the annual Lloyd’s List Asia awards in Singapore. Maersk Line received the award for continuous network advancements, market leading digital solutions and trade finance, which allows customers to expand their business and reach new markets. “I am very honoured to accept […]Posted On:28-Oct-2017
Credits: worldmaritimenews.com |
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OOCL Handles More as Revenues Rise in Q3
Hong Kong-based container carrier Orient Overseas Container Line (OOCL) reported that its volumes and revenues continued rising during the third quarter of 2017. For the quarter ended September 30, OOCL’s total volumes were 5% up from the same period last year. During the period, the company handled 1.59 million TEU, up from 1.52 million TEU reported in the […]Posted On:28-Oct-2017
Credits: worldmaritimenews.com |
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Ports of Indiana shipments up 10% in first nine months of 2017
Shipments during the first nine months of 2017 at the Ports of Indiana were up more than 10 percent compared to the same time period last year. Total tons handled reached over 8.1 million, the second highest volume during the first three quarters of any year in the organization�s 56-year history. The growth was primarily ...Posted On:28-Oct-2017
Credits: www.hellenicshippingnews.com |
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262-metre long container vessel berthed at VOC Port in Tuticorin
V O Chidambaranar Port in�Tuticorin�on Thursday handled a 262-metre long�container�vessel at its Dakshin Bharat Gateway Terminal. This is for the second time that the�VOC Port�is handling such a long vessel. The container vessel S C I Mumbai, which has a capacity to carry 4395 TEUs (Twenty foot Equivalent Unit) of containers, was berthed at the ...Posted On:28-Oct-2017
Credits: www.hellenicshippingnews.com |
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Workers step up demands ahead of structural reform of major ports
Port workers� unions are stepping up their demands as the Shipping Ministry looks set to take up a Bill in the upcoming winter session of Parliament on converting the 11 major ports that are currently run as �trusts� into �authorities�. The conversion move is seen as the biggest structural reform in the ports sector in ...Posted On:28-Oct-2017
Credits: www.hellenicshippingnews.com |
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Shipping Industry �broadly satisfied� with IMO progress on CO2 strategy � but much work still to be done
The International Chamber of Shipping (ICS), BIMCO, INTERCARGO and INTERTANKO represented the global shipping industry throughout this week’s intensive discussions at the UN International Maritime Organization (IMO), which continued the development of a comprehensive CO2 reduction strategy for the international shipping sector. The international shipping industry associations say they are ‘broadly satisfied’ with the progress ...Posted On:28-Oct-2017
Credits: www.hellenicshippingnews.com |
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Tanker market sees boost from higher ton-mile demand says shipbroker
The tanker freight market has come alive over the past few weeks, together with the rise of oil prices. This can be attributed to a host of factors, however, according to Allied Shipbroking, this is down to a surge in demand, mainly from the Far East markets, which in turn is also good for ton-mile ...Posted On:28-Oct-2017
Credits: www.hellenicshippingnews.com |
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