American Roll-On Roll-Off Carrier (ARC) announced that the United States Coast Guard has recognized three of the company’s U.S.-flag vessels for their ongoing commitment to safety at sea. The following ARC vessels earned the prestigious AMVER Awards in 2018: M/V Integrity (18), M/V Liberty (12), M/V Patriot (12). The numbers following the vessel names are the…
ROASTOM Launches The World’s Largest Nuclear Powered Ice Breaker ‘URAL’ Russia’s nuclear energy giant, ROSATOM, launches the nuclear-powered arctic ice breaker ‘Ural’. ROASTOM has completed another step towards ensuring all-year round navigability of the Northern Sea Route (NSR). ‘Ural’ is 173 meter long and is equipped with two highly efficient and compact RITM-200 nuclear reactors…
A.P. Moller – Maersk has closed the first quarter of 2019. It provided a huge increase of 33% in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.2bn while revenue grew by 2.5% to USD 9.5bn as compared to Q1 2018. There is an improved operating cash flow to USD 1.5bn and free…
SSCV Sleipnir is a new-generation semi-submersible crane vessel created by Sembcorp Marine and has features that is not possessed by any of the existing crane vessel. It consists of a pair of revolving cranes which is capable in lifting 20,000 tonnes in tandem. The vessel is also the first dual-fuel crane vessel. Its engines runs on…
Mitsui O.S.K. Lines, Ltd. (MOL) announced that it will participate in the Task Force on Climate-related Financial Disclosures (TCFD) Consortium (Note 1), which was established to provide a forum for discussions among corporations and financial institutions that agree with “TCFD recommendations” (Note 2). This aims to ensure that companies factor in climate change-related risks and…
On Wednesday, May 22, with the transit of the Panamax cruise ship Pacific Princess which have a capacity of 670 passengers,the Panama Canal reported the closing of the 2018-2019 cruise season. This ship is operated by the Princess Cruises line. It sailed from Los Angeles, California for a 15-day voyage that included the expedited passage…
On Wednesday, May 22nd, Mrs. Marianne van Oord named the vessel Acta Centaurus. Centaurus is the name of one of the stellar constellations in the Southern Hemisphere. The ceremony took place in Den Helder with many guests who attended the festivities and the tours on board the brand new vessel. Mrs. Van Oord wished Acta…
An important announcement is made by The Liberal government in Vancouver for renewing Canada’s Coast Guard fleet. The announcement covered the critical role played by the Coast Guard on Canada’s three oceans for keeping our waters safe, secure and open, and to promote and protect our marine habitat. As part of the Government’s recapitalization plan,…
Magenta Singapore Terminal which is a joint venture terminal between Ocean Network Express (ONE) and PSA Singapore (PSA) was inaugurated on 13 May 2019. Singapore Terminal is to operate four mega container berths at Pasir Panjang Terminal with a combined annual handling capacity of 4 million TEUs. This strategic long term partnership, for providing capacity and…
CMA CGM Offers 50000 Traxen Trackers, Boosting Its Offers The CMA CGM Group which is one of the world’s leaders in shipping and logistics announced a new order for 50,000 Traxens trackers. CMA CGM was involved in the development as a structuring shareholder and it was the first company to invest in Traxens in 2012….
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