JAPAN's Mitsui OSK Lines (MOL) has appointed Ocean Maritime Services
Shipping Agency Tourism and Trading (OMS) as its new shipping agent in
Istanbul, which will manage activities in Turkey from February 1.
Industry group sets up as accreditation bureau for shipboard armed guards PRIVATE maritime security providers will be assessed by the Security
Association for the Maritime Industry (SAMI) through its accreditation
bureau, the National Security Inspectorate (NSI), a provider of home
security, business security and fire safety services checks. Saturday, 04.Feb.2012, 10:19
Global glut drives Baltic Dry Index to 25-year low, grim year expected THE Baltic Dry Index fell to its lowest point in level since August
1986, extending the streak of daily declines from December 12, a decline
of 65 per cent, reports London's Financial Times. Saturday, 04.Feb.2012, 10:14
Moody's downgrades MOL credit rating to Baa1 and NYK's to Baa2MOODY'S, one of the big three credit ratings agencies, has downgraded
Japan's two biggest carriers, MOL and NYK, saying oversupply of vessel
in the industry will reduce cashflow and make debts difficult to pay,
reported Bunkerworld. Saturday, 04.Feb.2012, 01:49
Maersk orders 40 giant containership compressors from Norway's Tamrotor TAMROTOR Marine Compressors (TMC) of Norway has received orders for 40
TMC SA 30 'Smart Air' compressors to be fitted on 20 Triple-E ships that
are being built for Maersk Line by Daewoo Shipbuilding & Marine
Engineering. Friday, 03.Feb.2012, 01:53
Costamare quarterly profit up 32.8pc to US$75, revenues rise 19pc ATHENS-based shipowner Costamare Inc posted a fourth-quarter operating
profit of US$74.7 million, up 32.8 per cent year on year, drawn on
voyage revenues of $102 million, up 19 per cent. Friday, 03.Feb.2012, 01:49
WTO declares Chinese export restraints on raw materials violate trade rules THE World Trade Organisation (WTO) has rejected China's claims that its
export restraints for several industrial raw materials cover
conservation or environmental protection measures following dispute from
the US, and latterly the European Union and Mexico.
Friday, 03.Feb.2012, 01:46
Hanjin Shipping increases Asia-Europe rates US$700/TEU from March 1 SOUTH KOREA's Hanjin Shipping, also the world's ninth largest carrier,
has announced a rate restoration plan for various Asia-Europe services
from March 1, saying today's rates cannot cover operating costs. Friday, 03.Feb.2012, 01:32
Cosco announces wide range of rate hikes and surcharges on main tradesA general rate increase (GRI) will be applied to all westbound
Asia-Europe cargo including reefers from Far East including Japan to the
Indian subcontinent to north west Europe and the Mediterranean
including Israel, Lebanon, Syria, North Africa and Black Sea ports. Friday, 03.Feb.2012, 01:14
IMO bids to lead safety debate after ‘Costa Concordia’The IMO has stated that it is the appropriate body to lead the
international debate on safety on passenger ships in the wake of the
recent accident involving the cruise ship ‘Costa Concordia’. Thursday, 02.Feb.2012, 13:28
Hundreds missing as ferry sinks off Papua New GuineHundreds are missing feared dead after the ferry ‘Rabaul Queen’ sank off Papua New Guinea today with 350 people on board.
The Australian authorities are helping with rescue efforts,
according to CNN. The Australian Maritime Safety Authority (AMSA) has
reported receiving a distress signal from ‘Rabaul Queen’. Thursday, 02.Feb.2012, 13:19
Gas-powered ferry delivered in Norway Estonia’s BLRT Grupp has delivered the gas-powered ferry ‘Edøyfjord’
to transport company Fjord1, for operations on the Edøya-Sandvika route
to Smøla in Nordmøre county, Western Norway. Thursday, 02.Feb.2012, 13:13
THE Shanghai International Shipping Institute's (SISI) latest report
said the world economy growth will carry the trend of slowing down into
2012 while shipping capacity continues to outgrow demand, indicating a
depressing outlook for the year, Xinhua reports.
Ukrainian defense minister Mikhail Yezhel is about to ask the
Cabinet of Ministers to speed up investment of the first Ukrainian
corvette’s construction.
General cargo vessel Eren Turgut suffered engine failure on Jan 27 under
unclear circumstances, bound for Iskenderun from Galatz, Romania. As of
morning Feb 02 vessel is in Tulcea, Romania, maybe under repairs.
Republican National Committee Chairman Reince Priebus
on Monday stood by his comment comparing President Obama to the captain
of the Costa Concordia cruise ship, arguing in the wake of criticism by
Democratic National Committee Chairwoman Debbie Wasserman Schultz and
others that the statement was “a fair analogy.”
JAPAN's Kawasaki Heavy Industries, which completed the development of a 9,000 TEU ship fuelled by LNG, has obtained "approval in principle" from the Norwegian classification society, Det Norske Veritas (DNV).
The saga of a ship that has been docked in St. John’s harbour for almost 16 months should soon reach its end, as news spread Thursday of the MV Lyubov Orlova’s sale to a buyer based in the Caribbeans.
Ayşe Çaman (65) from Espiye, Giresun province, has been a miller for 50 years. She is the only miller left in her village and wants to continue with her job for as long as she can.
As the USS Oak Hill docked in Virginia Beach, Citlalic Snell stood on terra firma, anxiously awaiting her girlfriend Marissa Gaeta’s arrival. The couple was set to share the traditional first kiss as the sailors disembarked, marking the first time a gay or lesbian couple has taken such an honor. Of course, this might sound like a well-timed publicity stunt, considering DADT’s repeal just three months ago. But alas, it was not: the couple won the opportunity in a raffle. The “first kiss” is often given out in a raffle or competition to a fleet of sailors arriving home. It’s a Navy tradition, that Gaeta could now compete for.
Costa Concordia: A major navigational error, or what?
Ayşe Çaman (65) from Espiye, Giresun province, has been a miller for 50 years. She is the only miller left in her village and wants to continue with her job for as long as she can.
