Category archives for: Also in the news

Finland Proposes Reduction of Fairway Dues

Finland Proposes Reduction of Fairway Dues

The Government of Finland has proposed temporary acts for reducing fairway dues and removing the track tax. The changes will be included in the 2015 budget proposal, a governmental press release read. According to the statement, fairway dues will be halved for the period 2015-2017. During the same period, no track tax will be levied […]

Oman Drydock Repairs First LNG Carrier

Oman Drydock Repairs First LNG Carrier

Oman Drydock Company (ODC) has completed its first major LNG repair and maintenance project since being awarded the coveted Gaztransport & Technigaz (GTT) licence in June. Middle-East based ODC has just completed work on the Ibra LNG, owned by Oman Shipping Company (OSC), one of the biggest shipping companies in the Gulf. It is the first […]

Seaspovill Orders Second Damen Fast Ferry

Seaspovill Orders Second Damen Fast Ferry

South Korean operator Seaspovill signed its second contract for a Fast Ferry with the Netherlands-based shipbuilder Damen Shipyards Group. The Fast Ferry 4212 – to be named SEA STAR 5 – will operate between Mookho and Ulleung-Do at the East-coast of South Korea. The ferry is a high-speed catamaran passenger ferry. The Damen Fast Ferry […]

Global Ship Charters Out Latest Addition

Global Ship Charters Out Latest Addition

Global Ship Lease, Inc. has agreed to buy an 8,063 TEU container ship from an unnamed container liner company for a purchase price of USD 55 million. The 2005-built vessel is expected to be delivered in the fourth quarter of 2014, and immediately time chartered back to the same container liner company for a period of 36 […]

New Jersey Port Getting Rail Upgrades

New Jersey Port Getting Rail Upgrades

The Port Authority of New York and New Jersey approved redevelopment of Greenville Yard that will include a new ExpressRail facility that will support the adjacent Global Marine Terminal. This will allow the terminal to ship and receive containerized cargo by rail, a capability that it lacks today, the Port Authority says in a release. […]

Fire Kills FSO Chief Engineer

Fire Kills FSO Chief Engineer

Engine room fire that broke out on Pertamina-owned Cilacap/Permina Samudra 104 floating storage and offloading (FSO) killed the chief engineer Purwo Hadi Wibowo, whose body was found in the engine room at 9 pm Jakarta time yesterday unit has suffered extensive damage following an engine room fire, IHS Maritime 360 reports. Cilacap/Permina Samudra 104 , carrying 45,000 […]

PIRA Issues Weekly Energy Recap

PIRA Issues Weekly Energy Recap

A weekly Energy Market Recap by NYC-based PIRA Energy Group reports that Asian oil balances will for now remain long, with the U.S., product stock build outpacing crude draw, thus widening commercial stock excess; and Japan’s both crude and finished product stocks rising. Oil prices in Asia are likely to remain soft. Asian oil demand […]

Global Tanker Fleet Shying Away from ECDIS

Global Tanker Fleet Shying Away from ECDIS

The majority of ships in the global tanker fleet have yet to adopt ECDIS, according to data published for the first time by the United Kingdom Hydrographic Office (UKHO). The SOLAS regulations on the mandatory carriage of ECDIS will come into force from July 1, 2015 for all tankers over 3,000 gross metric tonnes, apart […]

Tubbataha Damage Compensation Talks Still in Progress

Tubbataha Damage Compensation Talks Still in Progress

Talks are still underway between the US and the Philippines on compensation for damages inflicted by grounding of the USS Guardian, the Phillippine Department of Foreign Affairs said Tuesday. The US Navy minesweeper USS Guardian (MCM 5) ran aground on Tubbataha Reef Jan. 17, while transiting the Sulu Sea. Damages caused by the grounding are estimated […]

South Carolina Ports Exceeding Projections

South Carolina Ports Exceeding Projections

South Carolina Ports Authority has kicked off the new fiscal year with a 13 percent rise in container volumes handled in the first two months of the fiscal calendar. The SCPA handled 163,970 twenty-foot equivalent units (TEUs) in August, an increase from 144,649 TEUs moved during the same month last year and 153,916 handled in July, […]

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