Norden's owned fleet is growing

SHIPPING: Following a year with very large investments in the fleet, Norden ends 2010 as owner of 28 vessels, equally divided between Dry Cargo and Tankers. This is 10 more than at the beginning of the year, and the fleet will also grow in 2011 [Read More] Source:...

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Somaliland jails Russians over weapons for Puntland

Six Russians have been jailed in the northern Somali breakaway territory of Somaliland. Their aircraft was seized earlier this month carrying military equipment bound for the neighbouring semi-autonomous state of Puntland. A court sentenced them to a year in jail and fined them for supplying military...

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Korean tug Samho T-8 robbed in Malaysian waters

On 30 Dec 10 at or about 0535 hrs, six robbers boarded a Belize-registered tug boat, Samho T8 from a speed boat at approximately 3.5 nm southeast of Tanjung Ramunia, Malaysia (1° 19.97' N, 104° 17.62' E). The robbers held the crew hostage in a cabin, and took...

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Lloyd's Register offers ship-operators timely guidance on ballast-water systems

The new guidance, developed to complement the Lloyd’s Register Ballast Water Treatment Technology Guide, reflects the current status of regulations proposed by the International Maritime Organization (IMO) and provides owners with recommendations that will help...

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EU Customs Fee and Rules Begin Jan. 1

ENS required on ships calling at EU ports from non-EU destinations Ocean container carriers will levy an average fee of $25 per bill of lading for all cargo entering the European Union in 2011 when the bloc’s advanced manifest rule comes into effect. [Read More] Source: Maritime Sun New...

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Wave Strike

Two Greek sailors were killed and a Cypriot critically injured when huge waves hit them out on deck in the Atlantic Ocean on Thursday, according to the Cyprus Search and Rescue Coordination Centre. [Read More] Source: Shiptal...

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Sound Progress

Due to the Philippine government’s more proactive preparations, greater maritime safety awareness, and improved security policies and facilities, the Philippine Coast Guard (PCG) “virtually attained” zero maritime casualties it had aimed in the local shipping...

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Strengthened insurance network in China

The Chinese insurance market has been boosted with the set up, this week, of two shipping insurance centers. The centres, for Pacific Insurance (Group) Co Ltd and PICC Property and Casualty Co Ltd, had both gained regulatory approval in the second half of this year. [Read More] Source: Seatrade A...

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Russian tanker escapes Somali pirate attack

Russian tanker NS Africa has managed to evade capture by pirates in the Indian Ocean, the Sovfracht Maritime Bulletin reported on Friday. NS Africa, which is operated by Russia's Novoship/Sovkomflot company, and Indian tanker Majestic came under fire by pirates...

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Mozambique:Piracy in Country Channel Confirmed

Mozambique's Deputy Defence Minister Agostinho Mondlane, on Wednesday conformed that the Mozambican Navy received a distress call on 24 December from a ship that had come under attack from Somali pirates in the Mozambique channel. He said the pirate attack took place about 200 kilometres east of Quelimane,...

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Russian shipyard delivered this year 14 vessels

In 2010 Russian shipyard competed and delivered to its customers 14 cargo ships of total deadweight of more than 1.4 million tons, the Russian Transport Ministry’s provisional data said. [Read More] Source: Sea New...

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Reflections on a year just past

2010 was, perhaps, not a vintage year for shipping, although it might have been a good deal worse. The great engine-room of China continued to drive away, filling outbound containerships and inbound bulkers, while cold weather promoted the employment of tankers....

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Shipowners renew fleets, increase profit margins getting ready for 2011

In a year that could easily be dubbed as the “era of ship investment” ship owners across the board moved to take advantage of lower prices and a healthy freight market (although with many ups and downs). Improved financing conditions meant that owners could access more funds, thus moving forward with...

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Without financial aid, Aker Philadelphia Shipyard will close by July

Aker Philadelphia Shipyard, which once employed more than 1,000 at the Navy Yard and which has been a significant Philadelphia economic force for a decade, is just months from shutting down. Aker's survival relies on several financial-rescue efforts coming together...

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Dockwise sees promise following announcement of new contracts

Dockwise has signed a USD25 million contract with an affiliate of Chevron USA for the transportation of the Jack and St. Malo hull from Korea to the Gulf of Mexico. [Read More] Source: Heavy L...

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Hyundai Heavy sees orders to rise 54%; $24 B in shipbuilding

Hyundai Heavy Industries Co., the world’s largest shipyard, expects to boost orders 54 percent next year as growing global trade and increasing oil exploration spur demand for vessels and offshore equipment. New contracts may total $26.6 billion, the highest since 2008, the Ulsan, South Korea-based...

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