ABIDJAN, Sept 20 (Reuters) - CMA CGM will look at opportunities in container shipping triggered by the collapse of South Korea's Hanjin Shipping, the French group's vice chairman said on Tuesday. Hanjin, the world's seventh largest container line, filed for receivership last month, leaving more than 100 ships and their cargo at sea. "With the collapse of Hanjin, there … [Read more...]
IMO Ship Recycling Convention Gets Boost from Panama
The International Maritime Organization's effort to implement new international regulations intended to the promote safe and environmentally sound ship recycling received a major boost this week with ratification by the world's largest largest flag state. On Monday Panama became the fifth IMO Member State to accede to the IMO's Hong Kong International … [Read more...]
10-Year-Old Panamax Becomes Youngest Containership Ever Sold for Scrap
By Mike Wackett (The Loadstar) - The 4,546 teu 2006-built Viktoria Wulff (ex MSC Firenze) has become the youngest containership to be sold for scrap as panamax owners cut their losses and abandon employment hopes in a hopelessly depressed market. Previously the record for the youngest boxship sold for recycling stood at 13 years old. The 10-year-old Viktoria Wulff, … [Read more...]
Full Hanjin Ship Won’t Dock Because No Plan to Leave
By Tom Hals and Jim Christie Sept 20 (Reuters) - Failed South Korean cargo line Hanjin Shipping Co Ltd has found the money to unload a full container ship waiting outside a New York-area port. But there is another problem: once unloaded, the empty vessel may not be able to go back out to sea. The predicament of the Hanjin Miami, one of 10 U.S.-bound ships stranded by the … [Read more...]
New Zealand Navy Ship First to Get Rolls-Royce’s ‘Environship’ Design
A ship design unit of British engine maker Rolls-Royce has secured a contract with South Korean shipbuilder Hyundai Heavy Industries to apply its award-winning Environship in the design of a new ship for the new Zealand navy. Rolls-Royce says the contract marks the first reference for the wave-piercing hull for in the naval sector. Rolls-Royce will also equip the new … [Read more...]
Book Review — Seventeen Fathoms Deep: The Saga of the Submarine S-4 Disaster by Joseph A. Williams
Book Review by Rick Spilman - On the afternoon of December 17th, 1927, the US Navy submarine S-4 was surfacing near Provincetown, MA, when it was run down by US Coast Guard destroyer Pauling, sending the submarine to the bottom. Joseph William's latest book, “Seventeen Fathoms Deep: The Saga of the Submarine S-4 Disaster,” is a gripping account of the US Navy divers and salvors … [Read more...]
World News: Libya Ramps Up Crude Exports as Ports Reopen for First Time Since 2014
By Saleh Sarrar and Hatem Mohareb (Bloomberg) -- Libya boosted crude production by more than 70 percent since August as some oil fields resumed output and export terminals in the OPEC country reopened for their first overseas loadings in two years. The North African nation’s crude output rose to 450,000 barrels a day after work resumed at some oil fields, Ibrahim … [Read more...]