China COSCO, COSCO Pacific, China Shipping Container Lines (CSCL), and China Shipping Development (CSD) have announced plans to restructure key assets, kicking off the SOE reforms in China’s shipping industry.
Archives for December 2015
The first national workshop under the Global Maritime Energy Efficiency Partnerships (GloMEEP), Project, which aims to support increased uptake and implementation of energy-efficiency measures for shipping, has been held in Georgia.
The latest Container Shipping Forecaster from Maritime Strategies International anticipates a slight improvement in freight rates in 2016 as more carriers layup tonnage. However service withdrawals and reduced demand are expected to have a negative effect on the vessel charter market as vessel availability rises.
A number of important amendments to IMO treaties enter into force on 1 January 2016, including new requirements for verification of compliance, making audits mandatory under the IMO Member State Audit Scheme.
From the installation of the last giant topside module in South Korea, to the completion of a 17 kilometre long mooring chain in Spain. 2015 has been an extraordinary year in the construction of Prelude, Shell’s world first liquefied natural gas project.
The largest infrastructure project since the waterway’s original construction, the Panama Canal Expansion Program will create a new lane of traffic along the Canal through the construction of a new set of locks, increasing the waterway’s capacity.
Maersk Line vessels operating across the North Pacific are hosting instruments that create a network of low-cost tsunami sensors to augment existing detection systems.
On December 11, General Dynamics NASSCO successfully completed bunkering of liquefied natural gas (LNG) for the Perla Del Caribe, the world’s second containership to be powered by LNG.
Cochin Shipyard Limited (CSL) has successfully completed a Mark-III Flex Mock-Up, which has been certified by GTT (Gaztransport et Technigaz), France, thereby completing all requirements to be licensed by GTT to build LNG ships for any client world-wide using their patented membrane containment system known as the Mark-III Technology.