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CMA CGM Grows Its Logistics Presence
French liner company CMA CGM has reached an agreement to acquire an equity stake of nearly 25 percent in CEVA Logistics AG (CEVA), a global player in the logistics sector. Under the deal, CMA CGM has committed to subscribe for mandatory convertible securities of CEVA in an estimated amount between CHF 380 and 450 million (approximately USD 391-463 million). According to the French liner, these securities will be convertible into CEVA common shares subject to obtaining all required regulatory approvals.Posted On:20-Apr-2018
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Greek bulk carrier detained in Paradip by court
Bulk carrier THEOMETOR was detained at Paradip port, India, after offloading cargo of 51,350 tons of rock phosphate, on Apr 19, after a court warrant. According to The Indian Express News Agency, Greece-based ship s manager Latona Maritime has financial dispute with, understood, charterer, Singaporean Valency International Trading Pvt Ltd (VIT), and latter went to court, seeking for ship s arrest. Court warranted detention and summoned manager to court. Paradip Port Authority meanwhile, asked court to allow the ship to move to other location, to free the berth for other ships.Posted On:20-Apr-2018
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Sri Lanka Ports Authority s JCT records 15.3% growth in 1Q of 2018
Sri Lanka Ports Authority (SLPA) says with 100% attendance of operations and all other supportive staff during Sinhala and Tamil New Year season, and especially on 13th and 14th April 2018, the Jaya Container Terminal (JCT) and the Unity Container Terminal (UCT) were competitive and successful in keeping all its berths fully occupied. The JCT and the UCT together handled 7,459 TEUs On 13th April and 6,259 TEUs on the 14th. With the deployment of 20 STS cranes at the JCT and 18 at the UCT the Port Authority has operated five mother vessels and eight feeder vessels during the two days.Posted On:20-Apr-2018
Credits: www.bunkerportsnews.com |
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36.58 million tonnes of cargo handled by port
V.O. Chidambaranar Port here 365.83 lakh tonnes of cargo against the previous year s 384.63 lakh tonnes, registering a decrease of 4.89%. While imports accounted for 261.71 lakh tonnes (-6.52%), exports accounted for 104.12 lakh tonnes (-0.51%). The port registered a record throughput of 6,97,631 Twenty Foot Equivalent Units (TEUs) of containers in 2017-18 clocking a growth of 8.65% over the previous year s 6,42,103 TEUs. I. Jeyakumar, Chairman, VOC Port Trust, in a statement said they had plans to move forward to meet challenges and accommodate large ships.Posted On:20-Apr-2018
Credits: www.bunkerportsnews.com |
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International shipping lines bullish on Subic Freeport
Hauling trucks and reach stackers move some of the container vans in Subic Bay Freeport at the New Container Terminal-1 in Subic Bay Freeport. Various shipping lines and logistics companies have selected Subic Freeport Zone as one of the gateways into the Philippines in large part due to Subic Bay International Terminal Corp. (SBITC) s efficient management of New Container Terminals (NCT) 1&2 in the Subic Freeport Zone.Posted On:20-Apr-2018
Credits: www.bunkerportsnews.com |
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India, France, and their new security agreements
Regional power struggles and maritime security are at the heart of new security agreements between France and India. India is especially worried about being geopolitically isolated by China, and is seeking to expand its presence in the Indian Ocean. Between 10 and 14 March, India and France signed a series of agreements to strengthen their strategic and commercial relations. The deals aim at deepening cooperation on a wide range of issues, especially defense, space technology, climate change, nuclear energy, urbanization and counter terrorism. The underlying concerns, however, are ensuring maritime security in the Indian Ocean and containing China s sphere of influence in the region.Posted On:20-Apr-2018
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Survival of the European maritime technology sector depends on a firm stance from the EU
"The European Commission needs to adopt a strong industrial and manufacturing policy based on reciprocity, otherwise our European maritime technology industry won t survive competition from Asian shipyards," warned Marian Krzaklewski, rapporteur of the EESC opinion on the Leader SHIP strategy, adopted at its plenary session on 19 April. The EESC urges the Commission to step up the Leader SHIP 2020 strategy s roll-out and put forward key recommendations for the sector s new Leader SHIP 2030 strategy.Posted On:20-Apr-2018
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MARITIME MINISTER TO OPEN SEAWORK 2018
Appointed Parliamentary Under Secretary of State at the Department for Transport in early January 2018, Nusrat Ghani is the minister responsible for Maritime, Maritime and Coastguard Agency (MCA), Maritime Security, Skills and Apprenticeships and the Year of Engineering. Nusrat Ghani s previous appointments have seen her in the roles of Parliamentary Private Secretary to the Home Office and Chair of the Prime Minister s Apprenticeship Diversity Network.Posted On:20-Apr-2018
Credits: www.seawork.com |
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16 Abandoned Seafarers Return Home after Months on Powerless Ship
16 crew members of the Bahrain-flagged container ship Avonmoor have received their wages and returned home to Ukraine after being abandoned for four months in Morocco, International Transport Workers’ Federation (ITF) said. The seafarers were abandoned in the Port of Casablanca by the vessel s owner Tylos Shipping and Marine services in January 2018. The mariners were bereaved of their wages, basic provisions, fuel and first aid supplies.Posted On:20-Apr-2018
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COSCO Shipping Gemini Joins World s 20,000 TEU Club
A colossal containership with a deck equaling the size of four football fields was named and delivered to COSCO Shipping Lines on April 10. The Hong Kong-flagged 20,000 TEU containership, named COSCO Shipping Gemini, was built by Dalian Shipbuilding Industry (DSIC). "The ship will provide greater stimulus for COSCO Shipping Lines to further optimize its global liner route planning and improve its international container shipping service," the shipping company said commenting on the delivery.Posted On:20-Apr-2018
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Tianyuan Logistics Tied to Ten Bulkers at CSIC
One year on from its incorporation, Hong Kong-based Tianyuan Logistics Shipping seems to have moved forward with its new building program which includes an order for ten bulk carriers. The ten 120,000 dwt vessels have been ordered from three yards belonging to China Shipbuilding Industry Corporation (CSIC), Fearnleys said in its weekly report.Posted On:20-Apr-2018
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Diana Shipping Secures New Charter Deals with Cargill
Greek dry bulk owner Diana Shipping has secured a charter extension and a new charter agreement with Geneva-based Cargill International. Cargill extended the the present time charter contract for Diana Shipping s Capesize dry bulk vessel, the m/v Santa Barbara. The 179,426 dwt unit will continue working for Cargill at a higher gross charter rate, namely USD 20,250 per day, for a period of about eighteen to nineteen months.Posted On:20-Apr-2018
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Greek-Chinese Dynagas LNG tanker grossly violated Arctic safety rules
LNG tanker BORIS VILKITSKY, according to NSR MA report, grossly violated the North Sea Route Navigational Safety Rules by entering Kara Sea, while en route to Sabetta LNG Plant, with serious deficiencies, which reduce ship s Ice Class and restrict sailing in ice conditions. The ship has inoperative stern thrusters and port steering column since Mar 10, according to Bureau Veritas report, she can t navigate in Kara sea either alone, or with icebreakers escort. The ship, according NSR Maritime Administration, couldn t enter NSR, but she did sail to Sabetta, and on Apr 16 completed cargo operations, loading LNG shipment bound for France.Posted On:20-Apr-2018
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Container ship grounding, Subic Bay Update
Update: According to newsinfo.inquirer.net NYK JOANNA ran aground while trying to avoid collision with fishing vessel. Reportedly container ship didn t sustain serious damages, no leak, no water ingress reported, but coral reef which was struck by the ship in protected aera may suffer damages.Posted On:20-Apr-2018
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Port Of Rotterdam Quarterly Result: Growth In Container Throughput Continues In First Quarter
In the first quarter of 2018, 1.2% less freight passed through the Port of Rotterdam than in the same period last year. In total, 117.8 million tonnes were handled against 119.3 million tonnes in the same period in 2017. ThePosted On:20-Apr-2018
Credits: www.bunkerportsnews.com |
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