SMI Newsdesk Archives

Council Vote Endorses Long Beach Middle Harbor Project

In a stunning 9-0 vote, the Long Beach City Council denied four appeals filed against a Port of Long Beach environmental impact report (EIR), effectively giving its unanimous support to the recently approved $750 million Middle Harbor Redevelopment Project.

The cities of Riverside and Commerce, and two coalitions representing environmental and community groups had challenged the adequacy of the EIR that the Long Beach Board of Harbor Commissioners had relied Read More…

Complex but heavy

Global ship spares logistics specialist GAC Marine Logistics  has successfully completed a complex ships spares movement involving a 7.5 metre diameter, 28-ton propeller from Kobe, Japan, and a nine metre long, 13 ton shaft from Busan, South Korea, for Greece-based ship operator Atlantic Bulk Carriers Management (ABC).

GML was entrusted with the entire operation, from receiving the propeller and shaft from the suppliers’ doors at their separate points Read More…

Braemar shuns downturn ‘hype’ with hints of market optimism

Braemar Shipping Services Plc has pointed the accusing finger at industry hype for driving down the shipping market and has given the first hint that a market recovery could be just around the corner .

Alan Marsh, CEO, revealed that “people emphasising the doom and gloom are wanting to depress the markets because they want to buy ships at lower prices. There is a recovery out there, but there Read More…

Rina upbeat

Italy-based classification-society RINA has reported continuing growth in both turnover and returns for 2008. Turnover for the 2008 year was Euro 183m, up 17% on 2007, and EBITDA was Euro 30 m, up 18% on the 2007 financial year.

Ugo Salerno, ceo of RINA said: “2008 was a year of careful scrutiny of our services and client base to ensure that we are doing the right things, for Read More…

Smoe Indonesia fixes S$230 million construction contract

SMOE Indonesia, a subsidiary of Sembcorp Marine, has secured a contract for the engineering and construction of two offshore platforms worth $230m from Premier Oil Natuna Sea, to be installed in the Gajah Baru Field off the coast of Indonesia.

The order contract, in consortium with Saipem Indonesia, comprises a Central Processing Platform, a Wellhead Platform and an export subsea gas pipeline to be linked to the existing export Read More…

New state of the art ro-ro for Wallenius Wilhelmsen Logistics

Bucking the downward trend, Wallenius Wilhelmsen Logistics (WWL) has upgraded its existing Australia vessel service with one of the world’s largest and most environmentally-adapted car carriers.

Built at the Daewoo Shipbuilding and Marine Engineering yard in Korea, the MV Tijuca is capable of carrying up to 8,000 cars or a combination of 3,486 cars and 466 trucks/buses, and features reinforced and moveable vehicle decks with an extra wide and strong Read More…

Siba Ships and Seaarland in $300m investment for greener recycling

Fortifying the drive towards a cleaner shipping industry, Italy’s Siba Ships and Netherlands-based Seaarland Shipping Management have helped finance a new $300m Green Recycling Initiative which will facilitate owners in more environmentally-friendly methods of ship recycling, as well as supporting steel producers in the production of ethically sourced steel.

Sourcing up to 150 investors from shipowning and steelmaking industries, the Green Recycling Initiative (GRI) is also set to establish a Read More…

Wilh. Wilhelmsen hit hard by significant drop in demand

Severely weakened cargo volumes have resulted in a considerably reduced operating profit for the Wilh. Wilhelmsen group (WW), as the global economic crisis takes its financial toll on the company with little hope for recovery any time soon.

Ingar Skaug, Group CEO at WW, said: “The continued global economic weakness has had a significant negative impact on demand for ocean transportation of cars and ro-ro cargo, which is reflected Read More…

DP World and Flinders Ports in joint operation of Adelaide

Joining forces to strengthen the growth and capacity of South Australia’s main container terminal, DP World has signed a 30 year concession agreement with major Australian port operator Flinders Port for DP World Adelaide, with the conviction that there is “considerable potential in this market.”

Anil Wats, DP World Chief Operating Officer, said: “We are very pleased to have finalised the concession for DP World Adelaide through to 2039. That Read More…

Gothenburg heads for private terminal operation

Proposals for Scandinavia’s largest port to be taken over by private terminal operators have been put in place by the Gothenburg City Executive Board, prompted by a rising global trend towards ports being divided up into a port authority and privately run terminals.

Currently run as a wholly-owned municipal company, the proposals for the Port of Gothenburg would involve its division into a port authority and three terminal Read More…

Euro MPs vote for pollution crackdown

More effective measures to combat pollution at sea through stricter legal penalties will be implemented following the adoption by the European Parliament of a directive which provides for criminal sanctions for the polluter.

According to the directive, shipsource discharges of polluting substances shall be regarded as criminal offences if they are committed with intent, recklessly or with serious negligence and result in serious deterioration of the quality of the water.

Read More…

Ghana in drive to boost maritime traffic flow

The Deputy Minister of Transport has appealed to agencies to boost the flow of maritime traffic from ports through Ghana’s transit corridors, in a recent workshop organised by the Ghana Maritime Authority in collaboration with the International Maritime Organisation.

Madam Dzifa Aku Attivor, Deputy Minister of Transport, has pushed for the implementation of electronic data interchange systems to improve the clearing of goods from ports and increase the flow of Read More…