Partners in the world’s largest operational agreement between shipping companies have agreed to extend their alliance until 2027.The Ocean Alliance, consisting of CMA CGM Group, COSO SHIPPING, Evergreen and OOCL, was launched in 2017 for an initial period of five years with an option for a five-year renewal.
Spending on the offshore service sector will outpace spending on the onshore shale sector this year, said Rystad Energy.According to Rystad's Oilfield Service Research report, service companies exposed to the offshore subsea market and the maintenance, modifications and operations (MMO) sector are set to benefit from this trend reversal.
Epoxyamine Coating Extends Tank Maintenance Intervals: A Sherwin-Williams Protective & Marine Coatings Case Study.A commercial fishing vessel that shows up at a seafood processing facility with its catch housed in rusty fish hold tanks is flirting with potential disaster. The processor may refuse the vessel’s entire haul if it sees rusty water or floating paint chips inside the holds.
The decommissioned USS Doyle (FFG-39) has concluded her final voyage from Philadelphia to New Orleans, where she will now be disassembled and recycled after 28 years of service in the U.S. Navy.The retired 4,050-ton Oliver Hazard Perry-class frigate will be dismantled by Southern Recycling, part of EMR.
BNSF Railway Co on Monday said it could resume service Tuesday on a stretch of northwestern Iowa track damaged when a train left the track and crude oil spilled from derailed cars. The crude oil train derailed near Doon, Iowa, on Friday sending 32 rail cars off the track and spilling an estimated 230,000 gallons of oil into flood waters and toward a nearby river.
ZIM has announced today that ZIM’s VP Global Sales, Saar Dotan, will replace Rafael Ben-Ari, ZIM’s VP Shipping, as of June 1. Dotan’s new title will be EVP Countries & Business Development.Dotan joined ZIM in 2005 and held several senior positions, lastly EVP Sales and Customer Service.Additionally, Yair Teitelbaum has been appointed ZIM’s VP Global Sales, effective September 1, 2018.
Liberty Global Logistics (LGL) announced today that Paul “Chip” Jaenichen, former U.S. Maritime Administrator, has joined the Company as its Executive Vice President – US Flag. In his new position, he will be responsible for the oversight of the day to day aspects of the Company’s business relating to U.S. flag, government relations, strategic business initiatives and US cargo opportunities.
Japan's Ocean Network Express (ONE) announced the commencement of container shipping businesses on April 1, 2018. ONE is the result of an integration of the container operations of three Japanese shipping carriers, namely, Kawasaki Kisen Kaisha, Ltd ("K" Line), Mitsui O.S.K. Lines, Ltd (MOL) and Nippon Yusen Kabushiki Kaisha (NYK).
A new icebreaking liquefied natural gas (LNG) carrier jointly owned by Mitsui O.S.K. Lines, Ltd. (MOL) and China COSCO Shipping Corporation Limited (China COSCO Shipping) loaded its first cargo at the Yamal LNG plant in northern Russia. The 299m, 172,000m3 Vladimir Rusanov conducted it is first loading for Yamal LNG at Sabetta port on March 27 and 28.
Danish shipping group A.P. Moller-Maersk's is betting on winning new customers for its port division by becoming a one-stop shop that can transport goods from factory to retailers' shelves. The move comes as Maersk, the world's biggest container shipper, is entering uncharted territory following its sale last year of most of its energy businesses.
U.S. ocean carrier TOTE said its plans to enter the domestic Hawaiian trade have been derailed by the scope and timing of infrastructure upgrades that would be required to accommodate the new service. TOTE had been earmarked access to Honolulu Piers 1 and 2 and exclusive use of the adjacent 45 acres starting in 2020
New routes, new challenges and plenty of newbuilding as 2017 gives way to the New Year. A year ago, the maritime industry could be found clinging to the edge of their seats to see what the coming year had in store. 2017 was set to be a telling year and indeed it was. With the elections finalized, the political impact, if any, was sure to be seen.