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Luerssen Creates Shipbuilding JV

Photo: Lürssen Shipyards

  One of the world’s leading shipbuilders, Luerssen, has teamed with Australian engineering and construction firm Civmec to create a new force in naval shipbuilding and exports.   The joint venture, Australian Maritime Shipbuilding & Export Group (AMSEG), will partner Luerssen Australia, the prime

Fourth CMA CGM Vessel Handed Over to Seaspan

Image:  Seaspan Corporation

 Seaspan Corporation  announced  that it has accepted delivery of the CMA CGM Chennai, a 10000 TEU containership that will commence a fixed rate time charter with CMA CGM S.A.  for a three year term with an option to extend for an additional three years.   The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co.

CMA CGM Posts 17.1% Hike in Sales in Q1

Photo: CMA CGM

 CMA CGM said that its first quarter sales rose $5.41 billion, up 17.1 percent from the year-earlier period, buoyed by a rise of 15 percent in volumes.   The Container Line cited good results of vessel-sharing Ocean Alliance and strong momentum of the African/US and North America/South America lines.

Shipowners Committed to IMO Hong Kong Convention

Photo: International Chamber of Shipping

 Global Shipowners’ Meeting (coordinated by the Asian Shipowners’ Association (ASA) and attended by BIMCO, ECSA, ICS and INTERTANKO) reaffirms commitment to the Hong Kong Convention and the need for a global solution for environmentally sustainable ship recycling.   A group of leading international

CP Rail Workers Reject Contract, Resume Negotiations

File Image (CREDIT: AdobeStock / © Carolyn Franks )

Canadian Pacific Railway conductors and locomotive engineers on Friday rejected the company's latest contract offer, with their union saying negotiations would resume and raising the prospect of another possible strike at Canada's second-largest railroad.   A strike by the estimated 3,000 workers

ZIM Posts 14.7% Increase in Revenue in Q1

Photo: ZIM Integrated Shipping Services Ltd.

 The container shipping industry is dynamic and volatile and has been marked in recent years by instability, due to ongoing changes in market conditions. Since the second half of 2016 and through the third quarter of 2017, increases were recorded in freight rates as well as in bunker prices.    Commencing

Tim Bush Promoted to Crowley VP, Deputy General Counsel

Tim Bush, Crowley vice president and deputy general counsel

Crowley Maritime Corp. has announced that Tim Bush has been promoted to vice president and deputy general counsel.   In his new position, Bush will help support the company’s growth as a provider of solutions for the U.S. government and various public-sector agencies. He will be based in Houston and report to Michael Roberts,

Pirate Attacks Grow in South America and Caribbean

File Image: EUNAVFOR

Pirate attacks around South American and Caribbean waters are growing, and violence is increasingly used during robberies committed on vessels at anchor, a report showed on Wednesday.   The Oceans Beyond Piracy (OBP) non-profit group recorded 71 incidents in Latin America and the Caribbean in 2017, a 163 percent increase over 2016.

Martek Marine Calls for Urgent ISPS Review

Photo: Martek Marine

 Commercial shipping is waking up to the growing threat that drones pose to the safety & security of vessels. Terrorist use of drones deploying explosives is already well documented and the potential for a drone to deliver an explosive charge through the deck of an oil/gas tanker or on a passenger ship

British Ports Association Skeptical on Govt's Clean Air Strategy

Image:  British Ports Association

 The British Ports Association (BPA) has responded to the Government’s Clean Air Strategy which was published today and includes requirements for all major ports in England to develop air quality plans within the next year.  Commenting on the strategy, Mark Simmonds, Policy Manager at the British Ports Association,

UN Seeks Traders' Help Enforcing North Korea Sanctions

© Nobilior / Adobe Stock

A U.N. monitoring group wants to enlist the help of the world's biggest oil trading companies to enforce sanctions that cap the amount of crude and related products North Korea can import, the coordinator said.The U.N. Security Council ramped up sanctions last year after North Korea said it had conducted missile tests that put the U.

Inmarsat Faces US, Chinese Competition in Maritime Safety

Photo: Inmarsat

Britain's Inmarsat will lose its monopoly in maritime safety communications after the International Maritime Organization gave Iridium and China's BeiDou Navigation Satellite System the green light to develop competing systems.Inmarsat's shares fell as much as 14 percent after U.S.-based Iridium said

Spotlight on Liability in Latin-America

Photo: International Maritime Organization (IMO)

 International Maritime Organization (IMO) is supporting a Regional Workshop for Latin-American countries in Argentina to implement and ratify treaties dealing with liability and compensation.    The workshop, took place in Buenos Aires (14-18 May), has provided a comprehensive overview of the IMO liability regime,

Protests at Santos Port Impacting Flow of Goods

Protests by truckers in Brazil demanding a reduction in diesel prices have impacted the flow of goods at Santos, Latin America's largest port, the port administration said on Monday.Santos port authority said the protests have restricted the arrival of goods to several terminals, as well as the dispatch

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