EU antitrust regulators accepted on Thursday an offer from Maersk, the world's largest container shipping liner, and 13 other competitors to change their pricing practices. The companies agreed to publish binding actual rates 31 days before they go into effect, with the figures acting as a price ceiling. Under the current system, they only publish the amount of the increase, not the final price. The other 13 firms are No.2 player MSC, No.
1798 - Congress rescinds treaties with France, and the Quasi War begins. 1846 - During the Mexican-American War, Commodore John D. Sloat, disembarks from his flagship frigate, USS Savannah, at Monterey and claims California for the U.S. 1915 - Thomas A. Edison becomes the head of the Naval Consulting Board, which screens inventions for the Navy. 1944 - USS Mingo (SS 261), USS Skate (SS 305), USS Sunfish (SS 281), USS Flasher (SS 249), and USS Bonefish (SS 223) sink up to eight Japanese ships.
Keppel Corp Ltd said it entered into an agreement with Royal Dutch Shell to form a joint venture company, which will establish a liquefied natural gas (LNG) bunkering business in Singapore.
The newly inaugurated Panama Canal may not be as beneficial as it seems for container ship carriers, says Xeneta, a benchmarking and market intelligence platform for containerized ocean freight. Although the new sets of locks and deeper, wider shipping channels will potentially double the waterway’s capacity, giving neo-panamax vessels access for the first time, the increased efficiencies may actually…
Freight rates for large capesize dry cargo ships on key Asian routes could move higher next week on a potential ship shortage, higher cargo volumes and storms in China that could disrupt sailing schedules leading charterers to scramble to fix replacement tonnage, ship brokers said. "We do not have a lot of ships available off Brazil to load cargo at the end of July. That will likely support freight rates," said a Shanghai-based capesize broker.
The latest of Transnet National Ports Authority’s (TNPA) nine new tugboats has set sail from the Durban premises of contractor, Southern African Shipyards, on Thursday, July 7, destined for its new home at the Port of Port Elizabeth. The tug was ceremonially launched as Qunu in May alongside a third tug, Cormorant. Qunu was named after the Eastern Cape home village of former President, the late Nelson Mandela and is due to arrive in Port Elizabeth on Friday, July 8.
Classification society ClassNK has launched the NK-SHIPS app, a mobile version of the free, web-based information service NK-SHIPS for owners, operators and managers of NK-classed vessels or vessels whose ISM/ISPS/MLC are registered with ClassNK. Clients can now access information to manage their fleet on-the-go using the app via their smartphone or tablet. Developed for an optimized viewing experience, the NK-SHIPS app allows for quick and easy navigation.
Plans to ensure there is a full maritime survey and inspection team covering the whole U.K., will see more remote working and a slight change to where some of the marine offices are based. The U.K.
EURONAV has selected Jotun’s Hull Performance Solutions (HPS) for two of its Suezmax vessels. The agreement will see Samsung-built sister ships M/T Cap Guillaume and M/T Cap Philippe receive coatings of Jotun’s advanced SeaQuantum X200 antifouling, alongside full suites of measurement sensors applied to their hulls. The applications, taking place at upcoming dry dockings at Keppel Shipyard in Singapore…
The 11-strong crew of the MT Maro has been released after being held for two years in Nigeria. The ruling was made on June 30 and, after securing emergency travel documents, the crew arrived in Delhi, India on July 3 to be reunited with their families. The seafarers’ ordeal began in July 2014 when the ship’s engine failed and it drifted into a stretch of Nigerian waters. The ship was arrested and accused of straying into Nigerian waters without permissions.
Ballast water treatment (BWT) system specialist Optimarin said it has completed the U.S. Coast Guard’s (USCG) environmental test and all land-based and shipboard testing for marine, brackish and fresh water. It is understood to be the first supplier of UV-based BWT technology to satisfy the USCG’s CMFDA testing criteria. Optimarin has specialized in environmentally friendly UV treatment technology for the past 22 years…
The U.S. Department of Interior said it plans to make a major announcement on Thursday about energy resources on the U.S. Arctic Outer Continental Shelf. Officials…
MTU’s new gas engine for commercial marine applications – the first from Rolls-Royce – has undergone some 3,000 hours on the test bench and is now ready to enter series production as the first high-speed pure-gas marine engine. “We can now confirm that the engine meets both our requirements and those of our customers: its performance and its acceleration behavior are similar to the excellent characteristics of a diesel engine,” said Dr. Ulrich Dohle, CEO of Rolls-Royce Power Systems AG.
England headquartered ABS Group Ltd., a subsidiary of ABS Group of Companies, Inc., said it has received a contract to provide project certification services to…
Genting Hong Kong announced that the three shipyards in the German State of Mecklenburg-Vorpommern bought this April will be named as MV WERFTEN*, be managed in Wismar and will focus on building large new cruise ships. Lloyd Werft located in Bremerhaven and bought last September will focus on its prior business of repairs, conversion and building of megayachts. “To make MV WERFTEN one of the world’s most modern and efficient cruise shipyards…
Oil price volatility jumped to its highest level in more than four months on Thursday as U.S. crude plunged 5 percent, after data from the U.S. government showed inventories fell less than expected…
M/V Glenn Autry, a U.S. flagged 205-foot aluminum monohull crew supply vessel has been delivered for Barry Graham Oil Service (BGOS) of Bayou La Batre, Ala. Designed by Incat Crowther and built by Halimar Shipyard in Morgan City, La., the project involved close collaboration between operator, shipyard and designer that originated with the build of a sister vessel, the M/V John Jacob delivered by Halimar to BGOS in 2014.
In May of 2016 the Argentinian-designed and built 28.77 by 10.2-meter ASD tug Brutus went to work in the harbor at Buenos Aries. This marked a milestone in Argentinian maritime affairs, as it is, at 5,400 HP, the most powerful ship-handling tug in the country. The tug was designed by Ing. Emilio Noël and built by Unidelta Shipyards S.A., which has a well-established reputation in a wide range of steel and aluminum workboats.