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.: 18-Jun-2018 :. Search News
Displaying 1 to 18 of Records.
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Digitalization expected to transform the global shipping industry
The recently concluded Maritime Silk Road Port International Cooperation Forum in Ningbo City saw shipping industry experts from around the world discuss new ways to boost the efficiency of sea-based trade. Many believe that the way forward is by relying on the Digital Silk Road.
Chris Caplice, executive director of MIT Center for Transportation and Logistics, mentioned several emerging technologies that could bring transformation to port and shipping industries. Autonomous trucks, 3D printing, and block chain technology can make interactions between multiple trading partners more efficient, said Caplice.
With an estimated 80 percent of goods being shipped by sea each year, ports have long been a critical link in the global supply chain. However, industry experts are looking to speed things up by making use of AI technology and automating the large amount of processes that are typically done through manual labor. The hope is that a digital transformation can boost the efficiency of ports around the world.
Ma Shuo, vice president of World Maritime University confirmed the potential of digitalization. "The impact of digitalization is irreversible and long-term. If the port is to innovate, I think that digitalization should be an opportunity rather than a threat."
Though emerging technologies present great opportunities, industries need to overcome several challenges, such as transformations o the management structure, data protection, and approval from relevant governments. Building the "digital silk road" won't be easy, but experts believe that the benefits outweigh the risks.
Source: CGTN

Posted On:18-Jun-2018



WISTA International Welcomes WISTA Peru
The Women's International Shipping & Trading Association (WISTA) continues to expand in South America, welcoming WISTA Peru as the latest National WISTA Association. WISTA Peru is the second South American National WISTA Association to launch this year.
"We warmly welcome WISTA Peru to WISTA International. With the significance of Peru as a maritime center in South America, we're proud to add Peruvian female shipping professionals to our global network of members," said Despina Panayiotou Theodosiou, president of WISTA International. "There has been a lot of interest in creating new business relationships in South America."
"We are very pleased to have established WISTA Peru and be part of WISTA International. We are aware of the many challenges that we have to face in order to continue growing as professionals in our industry, but we are sure that being part of the WISTA International family will allow us to strengthen our role in the sector and share our best practices and lessons learned," said Miriam Sara Repetto, president of WISTA Peru.
WISTA Peru is led by WISTA Peru President Miriam Sara Repetto of Philippi Prietocarrizosa Ferrero DU & Uria; WISTA Peru Treasurer Kathya Castillo Trelles; and WISTA Peru Secretary Ximena Valenzuela Cabrera of Philippi Prietocarrizosa Ferrero DU & Uria.
Additional founding members of WISTA Peru include: Doris Eyzaguirre Coronado, Agency for Environmental Assessment and Enforcement (OEFA); Katherine Cruz Huayhua, Philippi Prietocarrizosa Ferrero DU & Uria; Marzia Gallo Lopez, DP World Callao; Rocio de Fatima Leon Chiri, National Port Authority; Maria Cristina Escalante Melchiors, National Port Authority; Roxana Jurado Tello, National Port Authority; Mariella Gutarra Ramos, National Port Authority, and Giovana Arellano Bocangel, National Port Authority.
WISTA Peru joins WISTA Uruguay, WISTA Argentina and WISTA Brazil in South America. Additional National WISTA Associations are expected to form in South America this year. WISTA International continues to grow in the region, thanks in large part to the work of WISTA members in the Americas. In addition to domestic events for networking and business development, National WISTA Associations often participate in regional and international WISTA Conferences. A WISTA Americas conference will take place June 18-20, 2018 in Buenos Aires, Argentina. WISTA Members from several countries are expected to attend the conference on "Facing the Challenges of the Shipping Industry." The next global WISTA International Annual General Meeting & Conference will be held in Tromso, Norway this October.
WISTA International is an international networking organization for female executives in the shipping industry. WISTA International is comprised of more than 40 National WISTA Associations (NWA) around the world and nearly 3,000 members. National WISTA Associations are formed in individual countries. To launch a national WISTA association, the association must file appropriate paperwork in the home country, have at least ten members in management positions and pay annual fees to WISTA International. In 2018, WISTA International has welcomed WISTA Japan, WISTA Uruguay, and WISTA Peru to the international network.

Posted On:18-Jun-2018



Petrobras Charters Capital Product Partners Quartet
Greek shipping company Capital Product Partners has secured new time charter employment for four of its product tankers. Under the deal, which was agreed with Brazil s oil and gas major Petrobras, the company s 2008-built Alexandros II, Aristotelis II, Aris II, and the 2009-built Ayrton II would be hired for a period of two years.

Posted On:18-Jun-2018



Dorian LPG Says No to BW LPG s Takeover Bid
U.S.-based gas carrier owner and operator Dorian LPG has rejected a takeover bid from Singapore-based counterpart BW LPG. The stock-for-stock transaction would have created an owner and operator of 73 vessels, including 70 VLGCs, and 3 LGCs, with an aggregate fleet capacity of 6 million cubic meters.

Posted On:18-Jun-2018



Tsakos Energy Confirms Order for Aframax Duo
Tanker operator Tsakos Energy Navigation (TEN) has confirmed its plans to construct two new Aframax tankers. The order, placed following the end of the first quarter of 2018, is a part of long-term contracts signed with an undisclosed oil major. TEN informed that the time charter equivalent income of the two new Aframax tankers, over the minimum charter period, equates to about USD 82 million.

Posted On:18-Jun-2018



DryShips Sells Two Panamax Veterans
Greek shipowner DryShips is steaming ahead with its fleet rejuvenation strategy and shedding of older tonnage. The latest move has seen the diversified owner sell two of its older Panamax drybulk carriers, built in 2002. The duo fetched a gross sales price of USD 18.8 million.

Posted On:18-Jun-2018



Ennore port expansion gets green nod
In a contentious move, an expert appraisal committee (EAC) of the Union Ministry of Environment and Forests has recommended granting of Environmental Clearance and CRZ clearance for the Phase-III expansion of the Kamarajar Port Ltd (KPL) in Ennore.
In a meeting last month, the EAC had recommended the clearance based on the draft Coastal Zone Management Plan (CZMP) 2018. However, environmental activists termed it illegal as a writ petition against the draft CZMP was pending in the Madras High Court.
Also, they said that a project cannot be recommended for clearance based on a 'wrong map', especially one that has not been notified by the Ministry. Although the EAC's recommendation for granting the clearance is subject to the final outcome of cases filed against the expansion at the National Green Tribunal, activists and lawyers say the decision itself is flawed.
"As per the CRZ notification, 2011, all proposals have to be evaluated as per the approved Coastal Zone Management Plan (CZMP) which, in this case, dates back to 1996. The new CZMP is only a draft and a recommendation based on a map that is not notified by the MoEF cannot be accepted as it is not factual," Pooja Kumar of Coastal Resource Centre, told.
"Until the new map is notified and approved, this recommendation is illegal. This is only a draft plan. You can't give clearance based on this map," said an environmental lawyer, who did not want to be named. "Also, whatever they have mentioned as river front activity, cannot be built there as per the CRZ notification, 2011," the lawyer added.
After the port management filed for EC and CRZ clearance for the Phase-III expansion of the port, the MoEF committee received a number of representations, following which a two-member sub-committee visited the site on January 5 and 6 this year. The sub-committee submitted its report in the meeting held in April.
The expansion proposals of KPL include an automobile export/import terminal, container terminal, bulk terminal, multi cargo berth and marine liquid terminal.
The minutes of the meeting of the EAC held in May, interestingly, referred to the draft CZMP multiple times. The sub-committee considered the "latest draft CZMP of Tamil Nadu Coastal Zone Management Authority for preparation of the report since there is substantial change in the coastal ecosystem".
The EAC, while recommending the project for clearance, too noted, "As per the latest map, no development zone shall be maintained 100 m on either side of the Kosasthalaiyar river".
Ms. Pooja said only parts of the sub-committee report were mentioned in the EAC report. "This report has not been made public. The fisherfolk in the region are demanding that the report be made public immediately and the report of the sub-committee be revisited," she said.
She questioned the hurry in recommending the project for clearance. "As per the original map, this is an inter-tidal zone and as per the 2011 notification, no development activities can happen in this zone," she said.

Posted On:18-Jun-2018



Credits: www.indiaseatradenews.com

TCI Seaways set to launch another vessel from Mundra on coastal trade
TCI Seaways has announced the impending launch of its new vessel MV TCI EXPRESS into the coastal trade from Mundra.
The vessel, which has a capacity of about 770 containers of 30 tonnes each, will be operating on the Mundra-Mangalore-Cochin-Mundra route. TCI already has two vessels, the TCI VIJAY and TCI ARJUN, serving Cochin and Tuticorin.
Thanking customers for their support, a company statement added that it is further exploring new opportunities to fulfil their needs.
"We are expecting the same support and cooperation from all our customers for our new vessel TCI EXPRESS," it said.
Her first sailing from Mundra is scheduled for July 2, 2018, said in a press release.

Posted On:18-Jun-2018



Credits: www.indiaseatradenews.com

Cargo ship out of control, scaring Istanbul residents
General cargo ship LADY BO suffered mechanical failure at around 1330 UTC June 15, went out of control and approached western coast of Bosphorus Strait, triggering fears of possible collision with embankment and buildings. The ship was transiting Straits in northern direction, en route from Istanbul to Novorossiysk Russia. Tugs took LADY BO under control and brought her to anchor at Buyukdere Anchorage, Bosphorus. As of 0600 UTC Jun 16, she was in the same position.

Posted On:18-Jun-2018



Dutch Shipyards Are Looking to the Future
Shipyards are the backbone of the Dutch maritime cluster. For centuries, these shipyards have been a breeding ground for innovation.
From the 18th-century cargo ships that sailed the seven seas, to the high-tech vessels that are launched today, it all started with an idea combined with determination. It is an industry that can lean on the knowledge gathered by many generations.

Posted On:18-Jun-2018



Luxury Ferry Sunk as Artificial Reef
General cargo ship LADY BO suffered mechanical failure at around 1330 UTC June 15, went out of control and approached western coast of Bosphorus Strait, triggering fears of possible collision with embankment and buildings. The ship was transiting Straits in northern direction, en route from Istanbul to Novorossiysk Russia. Tugs took LADY BO under control and brought her to anchor at Buyukdere Anchorage, Bosphorus.

Posted On:18-Jun-2018



Ship crews undergo basic safety training
A GROUP of uncertified ship crew have successfully completed a safety training in Honiara last week. The training was facilitated by Sol-Safety Consultancy and Training Services (SSCTS), which is privately owned by Elijah Mouku. The training was made possible under the support of Solomon Islands Maritime Safety Administration (SIMSA).

Posted On:18-Jun-2018



Credits: www.solomonstarnews.com

Port Kembla shut due to cargo ship blaze
Operations at Port Kembla have been suspended as firefighters continue to battle a large blaze that broke out on a ship in Port Kembla early Monday morning. A large amount of smoke is still coming off the bulk carrier with about 100 firefighters battling the blaze that broke out in the ship s hold just after 3am.
The Iron Chieftain, owned by freight company CSL, is carrying dolomite, a substance that resembles sand to look at. Fire and Rescue NSW Superintendent Norm Buckley said it was a challenging job. "We re going to be there for a long time," Inspector Buckley said.

Posted On:18-Jun-2018



Shipping line concerns over IT problems at Felixstowe Port
Shipping lines are looking at moving some business from the UK s biggest container port, which has been hit by delays caused by IT problems. Tilbury port said it had been contacted by companies looking for an alternatives to Felixstowe. The Port of Felixstowe said talk of diverting ships was not unusual. While the Felixstowe Port Users Association told the BBC that the situation was improving with 60% of containers being loaded within an hour.

Posted On:18-Jun-2018



Credits: www.bunkerportsnews.com

Thousands of containers lying at Vietnam s seaports
Thousands of containers containing recyclable and used materials are piling up at seaports in the localities of Hai Phong, HCM City and Ba Rịa-Vung Tau, reducing the productivity and efficiency of ports operations and negatively affecting the import-export activities of Vietnamese enterprises.
According to the report issued by the Viet Nam Maritime Administration, by the end of May, nearly 28,000 containers were stuck at seaports, including nearly 6,800 containers in Hai Phong City ports, 14,600 in HCM City and about 6,500 in Ba Rịa-Vung Tau Province.

Posted On:18-Jun-2018



Credits: www.bunkerportsnews.com

Sea ports reel under double-digit growth of oil demand
Sea ports are struggling to handle double-digit growth of oil demand in the country and they need befitting uplifts to reduce infrastructure deficit, industry officials said.
The officials said the ports are inadequately equipped to match a 33 percent annual growth of local oil industry. Oil imports have increased 32 percent in the past five years. Pakistan imported 18.1 million tons of petroleum products in 2013, which soared to 23.9 million tons in 2017. Approximately 20 cargoes are added up with an increase of every one million tons/annum, an import agent said.

Posted On:18-Jun-2018



Credits: www.bunkerportsnews.com

DP World denies out-of-court settlement in Djibouti port dispute
DP World, the fourth biggest port operator globally, will not consider alternative legal options outside a court settlement in a dispute with the Djibouti government over the Doraleh Container Terminal.
The Nasdaq-listed company is awaiting a ruling by the International Arbitration Court in London, a DP World spokesman said in a statement Saturday, in response to media reports that it is considering settling the matter outside the court.

Posted On:18-Jun-2018



Credits: www.bunkerportsnews.com

Innovative solution for lowering of ship emissions tested in the port of Rotterdam
A scrubber technology that saves on fuel costs while at the same time complying with the IMO 2020 0.5% sulfur emission regulations. Van Oord, also active in dredging and the construction of wind farms at sea, sees benefits in this solution.
Marine scrubber-technology leader Ionada BV signed, during the PortXL event Shakedown , a pilot-agreement with Van Oord for the testing of Ionada s Semi-Dry-Scrubbing-technology aboard the Van Oord vessel Lelystad, a hopper dredger. Ionada is one of the fourteen start-ups/scale-ups that signed contracts/pilot-agreements at Shakedown yesterday with well-known corporates.

Posted On:18-Jun-2018



Credits: www.bunkerportsnews.com
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