BILLION DOLLAR NEWS CAPSULES – SHIPPING


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APM Terminals announced the agreement with Perez y Cia to acquire their majority share (61 percent) in Grup Maritim TCB. As a result, APM Terminals has agreed to acquire 100 percent of the issued shares and to become the sole controlling shareholder of Grup Maritim TCB.

APM Terminals Moin, has announced a number of port project updates enabling Costa Rica’s future economic growth needs through a safe, world-class, high-productivity and environmentally-sustainable container terminal designed to serve the larger vessels entering the Latin American trades, and in particular, the temperature controlled containers through which fresh fruit such as pineapple and bananas are now being transported to Costa Rica’s export markets in North America and Europe.

APM Terminals Maasvlakte II operations has set a record loading in Rotterdam on the Madison Maersk with 17,152 TEU loaded, including ten high above deck stowage. The vessel sails on Maersk Line’s AE-10 string in the Asia/Europe trade lane.

AAL announced the opening of a new office in Vancouver, Canada. This continues the company’s global expansion strategy, which has, in the same month, seen the opening of AAL Korea.

America Chung Nam BV –
ACN shipped it’s millionth container from Europe to the Far East. In the presence of suppliers, logistical partners and employees, the one-millionth container was revealed by representatives of all those parties who contributed to this unparalleled result.

ABB and Dutch weather forecasting specialist, MeteoGroup, have won an order from Maersk Line to outfit 140 container vessels with software to optimize routes. The advisory software is aimed at optimizing routes, boosting maritime safety and protecting cargo based on factors including the hull design and the weather, helping them avoid conditions that could be harmful to the ship, its crew or its cargo.

Ardmore Shipping Corporation took delivery of the newbuilding Ardmore Seawolf. The 49,999 deadweight tonne, eco-design IMO 3 product and chemical tanker was constructed at the SPP Shipbuilding Co., Ltd Sacheon Shipyard in Korea, and is the third in a series of four SPP newbuildings scheduled to deliver to Ardmore in 2015.Adani Ports and Special Economic Zone is marketing a five-year US dollar bond to yield around 210bp over US Treasuries. The company has mandated Bank of America Merrill Lynch, Barclays, Citigroup and Emirates NBD Capital as joint bookrunners and lead managers for the US benchmark debut. SBI Capital Markets is joint lead manager.
APM Terminals and GF Group that announced the acquisition of 100 percent of Reefer Terminal S.p.A. by APM Terminals has been completed. APM Terminals has acquired the Vado Ligure Reefer Terminal as part of the port master plan to create new supply chains to markets in Northern Italy, Southern France, Switzerland and Bavaria. The Reefer Terminal is located adjacent to the construction site of the APM Terminals Vado port project which will open in January 2018 with 800,000 TEU annual capacity and a 17 metre depth to serve the vessels of the future. Reefer Terminal will continue to operate as a terminal highly specialised in the discharge and warehousing of fresh fruit and vegetable produce.
Australia’s iron ore exports to China from Port Hedland rose 3 percent to 32.61 million tonnes in June from a month earlier, while total shipments from the port hit a record high, figures released showed. The June increase helped sweep total iron ore exports for the fiscal year ended June 30 to 439.6 million tonnes, up 21 percent and also a record, according to the Pilbara Ports Authority.
 
APM Terminals’ new Maasvlakte II facility was named the winner of the “Innovation of the Year” award at the 4th Annual Containerisation International Awards ceremony held in London in recognition of the industry-changing technological advances represented by the world’s first fully-automated and emissions-free, sustainably-powered container terminal.
 
APM Terminals Mumbai established a new record for Indian ports by handling a total of 2.01 million TEUs during the Fiscal Year of 2014-15.
 
APM Terminals Apapa has been named the “Most Environmentally Conscious Port Operator at the Lagos Port Complex” by the Nigerian Port Authority’s Environment Department of the Health, Safety and Environment Division, in recognition of the company’s achievements in the area of terminal safety culture and operating practices in Nigeria’s primary port city.
 
AAL Galveston will join its fleet on long-term time charter and add capacity to its Tramp and Projects division; providing worldwide trade for customers, with a specific focus on EU and US trades.Ameri100announced that it has merged with privately held Linear Logics CORP, the leading provider of Supply Chain Management Solutions. The merger will help Ameri100 become a forerunner in IT consulting by helping to strengthen its product and service lines.
 
APM Terminals has signed a two-year, €5 million $6.23 million) contract with Amsterdam-based NV Nuon Energy for the supply of environmentally-sustainable wind-generated electricity to power the new APM Terminals Maasvlakte II cranes and container handling equipment.
 
ABS has awarded approval in principle (AIP) for Hyundai Heavy Industries’ next-generation HD12000 heavy duty, wide beam drillship design.
 
APM Terminals placed an order for 16 new advanced Rubber-Tire Gantry cranes (RTGs) as part of an ongoing program of upgrading and expanding container handling capabilities and capacities throughout the APM Terminals Global Terminal Network.
 
APM Terminals Gothenburg’s recent addition of 12 new four-container high reach straddle carriers will increase storage capacity at Scandinavia’s largest container terminal by 40 percent and will increase productivity with the ability to lift two 20 containers simultaneously.
 
ABS has granted extended general design approval for the KC-1 LNG cargo containment system (CCS). The new membrane type will be installed on newbuild LNG carriers currently on order for Korea Gas Corporation (KOGAS).
 
Accenture has launched a Ports Center of Excellence in Hong Kong which is focused on providing terminal operators with process excellence and technology implementation for performance management, operations management and enterprise management.
 
APM Terminals has signed a two-year, €5 million ( $6.23 million) contract with Amsterdam-based NV Nuon Energy for the supply of environmentally-sustainable wind-generated electricity to power the new APM Terminals Maasvlakte II cranes and container handling equipment.
 
Alabama State Port Authority awarded a $20.1 million contract for design and construction of a new intermodal facility to Illinois-based R.T. Milord Company. The Garrows Bend Intermodal Container Terminal would increase the ability of the Port of Mobile to move containerized cargo between rail cars and ships, and connects its container terminal to the national rail system.
 
ABS has granted approval in principle (AIP) for the Sevan cylindrical floating LNG (FLNG) production unit concept for offshore production, storage and transfer of LNG, LPG and condensate.
 
APM Terminals announced that it will not pursue the proposed joint venture for the ownership and operation of APM Terminals’ Elizabeth, New Jersey facility since a commercially viable solution was not achieved.
 
Adani Ports, SP Ports of Shapoorji Pallongi Group and United Liner Agencies have been short-listed for building the $0.4 bn liquid cargo terminals at Jawaharlal Nehru Port. The project with a capacity to handle 26.5 million tonnes cargo a year will be implemented in two phases.
 
Antwerp and Houston are entering into a Memorandum of Understanding fortifying the trade relations between the two regions.
 
Antwerp Port Authority has appointed a service provider, Brabo Cleaning Company, to be responsible for combating oil spills within the port area. The contingency plans cover not only actual but also potential spills on the water.
 
ABS has added the first Japanese-flagged vessel Yamatogawa to its classed fleet after having been awarded the status of a ‘Recognized Organization’ (RO) by the Japanese government.
 
APM Terminals delivered an increased profit of $223million ($179m) and a return on invested capital of 14.2 percent (12.8 percent). Terminals becoming fully operational and new terminals added to the portfolio supported the 8 percent growth in volume.
 
Agility has strengthened its East China ocean freight service capabilities with a strategic partnership agreement with Shanghai International Port Group Logistics.
 
Abu Dhabi’s commercial Ports reported increase in general cargo moving through them by 37 percent this year. ADPC’s commercial ports (Musaffah, Khalifa and Zayed Ports) have handled 6.4 million FT of general cargo, compared to 4.7 million FT in the first half of 2014.
 
Antwerp Port Authority and the Port of Rotterdam Authority will be effecting stricter nitrogen oxides emission standards for new built vessels on the North Sea and English Channel with effect from 1 January 2016. The two largest ports in Europe would not extend support for the proposal to postpone this already agreed upon regulation by five years. The environment committee of the International Maritime Organization, which is a United Nation’s Agency, will discuss this proposal in detail during early this month. Ships’ engines which comply with the new standards would emit 80% less nitrogen oxides than that of the current built vessels. Reducing the emissions from shipping to improve air quality is in line with the sustainability policy of the two port authorities.
 
ABS, the leading provider of classification services to the global marine and offshore industries, had released a report entitled ‘Bunkering of Liquefied Natural Gas-Fueled Marine Vessels in North America’. The objective of the report is to provide guidance to potential owners and operators of gas-fueled vessels, as well as LNG bunkering vessels and facilities, to help them obtain regulatory approval for projects. The report, developed by ABS and ABS Group, takes a broad look at the requirements of various regulatory bodies including the IMO, US Coast Guard, Transport Canada, US Environmental Protection Agency and the many state and local authorities involved in a bunkering project.
 
Asia Pacific Maritime (APM) 2014’, one of the Asia’s leading and largest maritime shows, was conducted from 19 – 21 March at Singapore. According to industry pundits, this the 13th edition of the event, which is dubbed as “Where the Maritime World Congregates’, was well timed to put to highlight the fact that the things are finally steadying in what has been a tumultuous few years for the global maritime industry.
 
A.P. Moller-Maersk, the foundation that controls Danish oil and shipping group, will be transferring its stake in the business to a new holding company to boost the group’s financial flexibility. A.P. Moller Foundation is controlled by the Maersk family but is obliged to use all dividends it receives from the shipping group for donations to benefit the public in countries across the Nordic region. However, by moving the 41.51 percent shareholding and its 51.09 percent of all A.P. Moller-Maersk voting rights into A.P.Moller Holding, it will be able to keep back funds as a cash reserve to be used by the shipping business.
 
ABS, a leading provider of global maritime classification services, has received the Safety and Quality Award at the 10th Anniversary of the Seatrade Middle East and Indian Subcontinent Awards. The award recognizes ABS’ contribution to promoting safety, judged on key indicators including investment in safety training, social and environmental responsibility and its contribution and commitment to the development of the maritime sector across the region.

American Cruise Lines, the largest U.S. cruise company, announced a special holiday promotion for all of its 2014 Mississippi River itineraries offered aboard the Queen of the Mississippi. As a special gift for guests who reserve a Mississippi River cruise this holiday season, the line will offer complimentary shore excursions in each port, valued at more than $300 per person.Adani Ports& SEZ Ltd, India announced its Mundra port had handled 151,229 metric tonnes of steam coal in 24 hours from MV Cape Fushen, Large Cape Vessel, carrying steam coal of Indonesian Steam Coal of M/s. Adani Power Limited (APL) thus setting a new national record in coal cargo handling in the country. The Mundra Port’s West Basin terminal, Asia’s largest coal import facility, surpassed the last recorded best coal discharge performance nationally of 122,247 metric tonnes and further surpassed its own record of 115,119 metric tonnes in January 2012. The current handling capacity of west port is 60 MMT of coal per annum.

APM Terminals, according to its CEO, is investing heavily in fast-growing Africa and Russia to counterbalance the lack of growth in mature markets like Europe. Based in The Hague, Netherlands, the port operator has announced its plans to develop a mega-port project and free-trade zone at Badagry, Nigeria, west of the capital Lagos and also the plans to expand ports in Congo, Angola and Liberia. APM Terminals manages or operates 62 ports around the world and is involved in the development of seven new ports.

ANL Singapore Ltd and Agilitywill launch a new joint venture in PNG.. This joint venture company, named ANL Agencies PNG Ltd., will primarily handle ANL’s shipping agency business throughout PNG. Previously the ANL agency functions had been handled by Pacific Shipping Agency (PSA), which was 100% owned and operated by Agility. ANL – part of the major shipping company CMA CGM – has been operating vessels to PNG since 2001.

Atlantic Container Line was recognized as a top supplier by American Honda Motor Co. Inc. The company’s Premier Partner Award to ACL for excellence in International Transporting Services between North America and Europe. ACL was one of 15 award recipients selected from 46 suppliers nominated by American Honda associates out of more than 1,000 eligible companies nationwide.

AtoBviaC ‘s recent upgrade to end user applications for the BP Shipping Marine Distance Tables would enable its users to adjust routes and obtain distances to match their own operations. The changes make it possible for the user to produce deviation reports following changes in voyage destinations. Tanker owners, operators, charterers and ships’ masters are often faced with evaluating changes in trading patterns due to geo-political events and oil supply and demand imbalances. They are used to relying upon AtoBviaC’s BP Shipping Marine Distance Tables to provide accurate and viable distances, based on actual routes, to estimate true costs and to maximise potential profit.

Adani Group’s Mundra Port has announced that it had registered a 16.7 per cent growth in containerized traffic handling for April-November 2012 period on a year-on-year basis, beating the gloomy trend in seen in all other key container handling ports such as the Jawaharlal Nehru Port, Chennai and Pipavav.

APL Logistics and VASCOR announced the formation of a Delhi-based joint venture – APL Logistics VASCOR Automotive – to better serve the growing and increasingly sophisticated supply chain needs of the automotive sector in India. The JV will draw on the supply chain expertise and auto sector experience of two of the industry’s most respected brands.

 
Abu Dhabi Ports Co is likely to raise funds next year to meet the growth potential of its Khalifa Port as the Persian Gulf emirate boosts the development of industries that will reduce its reliance on oil exports. According to Tony Douglas, Chief Executive Officer, Khalifa Port, which began commercial operations last month, will handle 1.2 million TEU by 2014 and that Abu Dhabi Ports will need to order six more cranes to utilize the port’s current 2.5 million TEU capacity.
 
A.P. Moller-Maersk’s net earnings fell from the second quarter last year but the difference was mainly explained by a one-off $700 million gain a year ago from its sale of supermarkets in the UK.
 
Atlantic Container Lines announced the order of five new RO/RO containerships, or CONROs, from a shipyard in China that will travel at 10 percent faster speed while reducing fuel consumption per-TEU by 50 percent.
 
A.P. Moller-Maersk, signed a deal, worth approximately $500 million, with Ningbo Port Group for a 25 per cent stake in Ningbo’s prospective new container terminal. The port group and APM will jointly invest in and operate berths 3, 4 and 5 of the Meishan Container Terminal, which is expected to be constructed and operational by December 31, 2014.
 
Agility, a leading global logistics provider, announced a new scope of work to support the Gorgon natural gas project in Western Australia. The scope of work, estimated in value at A$232 million over two years, will have Agility providing logistics, stevedoring, and related services in support of the Marine Loading Facility in Henderson, Perth.
 
Adani Hazira Container Terminal (AHCT) is set to be commissioned on August 1. The container terminal is part of the multi-purpose Adani Hazira Port located 38 km from Surat, Gujarat. It already commenced bulk operations in May.
 
American Feeder Lines (AFL) has suspended its 9-month-old feeder service from Halifax to Portland, Maine, and Boston while the company undergoes restructuring. The suspension comes a few weeks after the province of Nova Scotia extended a $500,000 loan guarantee to AFL to support the weekly service.
 
Adani Ports and Special Economic Zone (APSEZ) has received the letter of intent from the Kandla Port Trust to set up a dry bulk terminal at the Kandla Port on build, operate and transfer basis.
 
ABS, announces the expansion of its presence in Singapore recognizing the growing role Singapore is playing as a global offshore energy center. The level of investment expected in the Asia-Pacific region (US $225 billion in capex through 2015) will bring rapid growth in the deepwater arena that will require mature technical competence.
 
AP Moller-Maersk group’s revenue in 2011 increased by 7% to US$60.2-billion (US$56.1-bn in 2010). This was positively affected by higher oil prices and container volumes but offset by lower container freight rates. Profit was US$3.4-bn.
 
Adani Port and Special Economic Zone Ltd (APSEZ), India’s No. 1 private multi- port operator, said its West Basin terminal at Mundra Port had handled a record of 67,153 metric tonnes of steam coal per day.
 
APM Terminals reported record-breaking revenue growth for 2011, with 10 percent revenue growth compared to 2010 and an EBITDA of $1.059 million. The company said its profit in 2011, before gains and special items, was $649 million, 24 percent higher than 2010, and the return on invested capital reached 13.1 percent.
 
ABG-LDA Bulk Handling Pvt. Ltd and IL&FS Maritime Infrastructure Co. Ltd is set to win the rights to develop and operate mechanized fertilizer loading facilities at Visakhapatnam port in Andhra Pradesh in India. The project involves installing mechanized loading facilities along with bagging and dispatch facilities for fertilizers at an existing berth in the Union government-owned Vizag port.
 
Adani Petronet (Dahej) Port Pvt. Ltd, which operates Dahej port in South Gujarat, announced the successful commissioning of the second jetty at the port. The company is a joint venture between Adani Ports & Special Economic Zone Ltd (APSEZ) and Petronet LNG Ltd. “This milestone of adding one more jetty at Dahej port will provide a welcome access to the industries and trade for their raw materials in central India and the industrialised South Gujarat region,” said Dr Malay Mahadevia, Whole-time Director at APSEZ.
 
Andhra Pradesh, Kerala, Tamil Nadu and Gujarat – have approached the Centre with proposals to invest at least USD2bn in developing ports, signalling an end of standstill in the sector that has been dogged by environmental and security concerns. While Andhra Pradesh has proposed four sites, Kerala, Tamil Nadu and Gujarat have suggested one site each.
 
AP Moeller-Maersk A/S, owner of the world’s biggest container shipping company, increased capacity by a record last year as it added more of the world’s largest vessels that haul boxes to reduce unit costs. Maersk added ships that can carry 392,000 20-foot containers to its fleet last year, equivalent to an 18 per cent increase, helping to raise its market share to 16 per cent from 14.5 percent at the start of 2011.
 
Antwerp and Rotterdam are going to work together to reinforce the pipeline infrastructure between the two ports. They set this down in a declaration of intent, signed by the respective port directors, Eddy Bruyninckx and Hans Smits. The costs of an initial study into the route and a cost estimate will be borne jointly.
 
Andhra Pradesh is looking forward to having a second major port in the State, after Visakhapatnam, as announced by the Union Government in the maritime agenda for the current decade (2010-20) and has requested the Centre to initiate the necessary steps.
 
Asciano has re-signed Mediterranean Shipping Company (MSC) on a new five-year container terminals contract, which will see Patrick handle half-a-million containers nationwide in the first year. The new agreement commences on 1 January 2012.
 
ABS President and Chief Executive Officer Christopher J. Wiernicki has warned that a move into energy optimised ship design ceated in house by some class societies creates a fundamental conflict of interest with their role as independent providers of safety approval and certification.
 
ABS is further strengthening its ties to the Korean maritime industry by establishing the ABS Korea Energy Technology Center (KETC) in Busan in early 2012.
 
Abu Dhabi and Mumbai Investment Forum organized by the Department of Economic Development (DED) witnessed a high-level delegation from Abu Dhabi Ports Company (ADPC) to discuss and highlight the extensive investment opportunities that Abu Dhabi can offer.
 
AP Moller-Maersk is likely to cut 2011 guidance for its container business Maersk Line on the back of falling freight rates, analysts said.
 
APM Terminals will take over the Skandia Container Terminal at Sweden’s busiest harbour in a 25-year lease that includes USD 115 million in infrastructure improvements over the first five years.
 
Annual Seatrade Middle East & Indian Subcontinent Awards (SMEISA) were presented to individuals and companies at a Glittering Gala Dinner at the Atlantis The Palm Dubai.
 
Antwerp Port Authority has expanded its presence in South America with the appointment of three new representatives: Fernando Bustamante, German Calderon and Henrique Machado Rabelo. Together they will make the advantages of Antwerp as a port better known throughout South America, and will strenghthen existing contacts.
 
ABS has issued its first Approval in Principle (AIP) for a new concept renewable energy design in which a moored spar uses ammonia in a closed-cycle process to produce electrical power for a commercial utility grid. Unlike wind, tidal or solar power the advanced design for this Ocean Thermal Energy Conversion (OTEC) system can deliver constant output 24 hours a day.
 
APL Logistics, a leading third party logistics provider, said it has started running Kodak’s Central Distribution Center which houses a newly installed cold room facility for temperature-sensitive products in Mumbai, India. After winning the contract to design, build and operate Kodak’s new distribution center for supplying to the domestic Indian market, APL Logistics converted a bare room into the 38,000-square feet high-tech facility.
 
A.P. Moller – Maersk Group has joined the World Ocean Council to support global leadership and collaboration on ocean sustainability. Copenhagen, Denmark – Through its signatory to the World Ocean Council, Maersk supports the efforts to promote sustainable development and stewardship through collaboration across private sector industries. The World Ocean Council is the only international organisation bringing together a broad range of ocean industries to address sustainable use of the seas.
 
APL has introduced a new service – the West Coast Express (WCX) service replacing the Panama Andean Express 2 service – a vessel sharing agreement with Hamburg Süd to expand its presence in Latin America. APL, which will operate two vessels and Hamburg Süd will operate one vessel, each with a nominal capacity of 1300 TEU, links the South America West Coast directly to Central America, which connects to the North America West Coast and other major markets via APL’s global linehaul services (Mexico Asia Express and Pacific South 2).
A.P. Moller – Maersk Group has joined the World Ocean Council to support global leadership and collaboration on ocean sustainability.
 
APL Logistics said it has extended its Middle East footprint following two agency appointments – Iraq Transcontinental Shipping Co. in Iraq and Kuwait Transcontinental Shipping Co. W.L.L. in Kuwait.
 
AP Moller-Maersk Group (APM Terminals) has been directed by the Supreme Court of india to the government to allow to bid for the fourth container terminal at the Jawaharlal Nehru Port (JNP), the country’s busiest port.
 
ABS achieved another record performance in fleet size during 2010, reported Chairman Robert D. Somerville at the annual meeting. An eight percent increase in gross tonnage from year-end 2009 resulted in the ABS-fleet reaching a new record of 173m gross tons (gt) representing 11,191 vessels.
 
ABS has been collaborating with Korea’s Hyundai Heavy Industries (HHI) to evaluate the basic design and containment system parameters for an LNG carrier operating in an Arctic environment. Specifically the carrier would operate a trade route from the Kara Sea and Barents Sea to Europe or the United States.
 
ABS and Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) are concluding a one-year joint development program (JDP) examining critical wave conditions for sloshing model tests and computational fluid dynamics (CFD) in the cargo tanks of floating liquefied natural gas (FLNG) vessels.
 
APL’s, President Eng Aik Meng, said that economic growth across the Asia region, led by China, will play a significant role in the health of the container shipping markets in the foreseeable future.
 
ABS announces the release of a Guide for Building and Classing Offshore Wind Turbine Installations. It is the first Guide to address design considerations for the bottom founded support structure of an offshore wind turbine situated in tropical storm prone areas on the US Outer Continental Shelf (OCS) such as the Gulf of Mexico and East Coast. Guides developed to date have been primarily based on experience from European coastal waters. However, ABS’ Guide is the first to specifically consider the conditions these structures may encounter in tropical storm prone waters. The Guide takes into account the well-established International Electrotechnical Commission (IEC) 61400 series of standards for wind turbines, the American Petroleum Institute’s Recommended Practice for Planning, Designing and Constructing Fixed Offshore Platforms, ABS’ offshore Rules and Guides and the unique environmental conditions on the US OCS.
 
A.P. Møller – Mærsk A/S, Mærsk Olie og Gas A/S (“Maersk Oil”), has agreed with SK Energy Co., Ltd. to acquire SK do Brasil Ltd., for USD 2.4 billion on a cash and debt-free basis. The acquisition is subject to customary conditions, including governmental approval and will not affect the 2010 financial result of A. P. Møller – Mærsk A/S. The acquisition gives Maersk Oil access to sizeable pre-salt assets offshore Brazil, one of the most prolific regions in the world for oil exploration and production. It offers immediate production and significant growth potential as discoveries identified in the acreage are appraised. In addition, the acquisition offers a strong upside from blocks lying in the Campos Basin as exploration prospects are tested.
 
ABS and the China Classification Society (CCS) strengthened their collaborative efforts by entering into a new Cooperation Agreement on 24 November in Washington, DC. CCS and ABS will also expand their collaboration efforts in numerous other areas including research and development and software development for large and technologically-advanced ships.
 
Aramex, the global logistics and transportation solutions provider, announced that it has launched a new Sea-Air route from China into Europe.
 
Abu Dhabi Investment Authority (ADIA) and infrastructure investment fund Global Infrastructure Partners (GIP) have agreed to buy a 99-year lease on the Port of Brisbane in Queensland.
 
ABS-classed fleet has broken through the threshold. The latest statistics show the fleet as standing at 11,055 vessels aggregating an increase of more than 9mgt in 2010.
 
Adani Enterprises will now make an additional investment of $3.5-4 billion (Rs 15,700-18,000 crore) to develop the necessary mining infrastructure and logistics, including a rail link and a coal terminal in a port facility. This combined investment of over A$6.5 billion (over Rs 28,000 crore) will make it the largest coal sector investment in Australia. In August, Adani – India’s biggest coal importer – agreed to pay $2.7 billion (Rs 12,500 crore) in a cash and royalty deal for the coal asset in the Galilee Basin of Queensland, Australia, which has one of the largest high-grade thermal coal deposits, at 7.8 billion tonnes.
 
Antwerp Port Authority Second Lock on the Left Bank Will Be Operational in 2016.The construction of the second lock in the Waaslandhaven (Waasland port) is scheduled to start after the building industry’s 2011 summer holiday. The Antwerp Port Authority formally started the contracting procedure for this building project.
 
ABS and the Shanghai Merchant Ship Design & Research Institute (SDARI) have entered into a two-year joint research and development project to study the potential of an energy-saving device that would enhance propulsion efficiency on a bulk carrier. With environmental issues becoming the most important operating issue facing the shipping industry today, the study is timely in that an add-on device could offer shipowners the potential to reduce greenhouse gases through lower fuel consumption due to increased propeller efficiency.
 
ABS has revised its comprehensive Guide for vessels operating in the Arctic and comparable harsh environments incorporating nearly four years of operational experience since the Guide was first issued in September 2006. Drawing upon feedback from the industry, the ABS Guide for Vessels Operating in Low Temperature Environments was reviewed by members of ABS’ newly established Arctic Technical Advisory Committee comprised of prominent industry representatives active in harsh environment developments. The unique demands imposed on vessels operating in polar regions are addressed in the Guide as well as guidance relating to personnel safety and training. Major sections include: materials, welds and coatings; hull construction and equipment; vessel systems and machinery; safety systems; crew considerations; and training and related documentation.
 
Agility, a leading global logistics provider, has announced that it commenced operating an Australian domestic shipping service between Melbourne, Victoria and Bell Bay, Tasmania. The service is operated by Agility Shipping Pty Ltd, a joint venture between Agility Logistics Pty Ltd. and Transworld Marine Express Pty Ltd. The joint venture agreement between the two parties was signed in Melbourne.The three times a week service will be served by Australian-flagged and Australian crewed vessels, with the first being a 516 TEU multi-purpose self-geared container ship, the MV Tassie Bridge. Depending on customer demand for the new service, a second vessel might be added to the service later in the year, which would add additional sailing frequency.
 
Adani Group company Mundra Port and SEZ (MPSEZ) said it will pump in USD 13.3bn over the next three to five years for port development.The company that posted a 24% rise in its net profit said it improved its share in the country’s cargo handling to 8.3% from 6.7%. It also set 2013 as a target to turn the country’s first private port into India’s largest port.
 
A.P. Moller-Maersk raised its 2010 profit forecast, saying that an improvement at its ocean container carrier Maersk Line has been “greater than envisaged.”The Danish shipping and energy group said it now expects 2010 earnings will exceed the 2008 profit of $3.5 billion provided freight rates, oil prices and the U.S. dollar exchange rates remain stable at current levels.
 
APM Terminals and Shanghai International Port Group (SIPG) have finalized an agreement for SIPG to acquire a 25% share of APM Terminals Zeebrugge for EUR 27.16 million (USD $33.7 million) in a ceremony in Shanghai.
 
ABS Chairman and CEO Robert D. Somerville told at the Annual Meeting of Members in New York that “very robust orderbook” pushed the society to a new record fleet high of 159.5m gt by the end of 2009.
 
Asia Europe carriers cut rates on the routes for the first time by US$60-$47 bracing for rising capacity of 22,000-TEU, seven per cent of overall capacity, according to Paris-based Alphaliner newsletter.The rates now stand at $2,104/TEU to northern Europe and $1,998/TEU to the Mediterranean reflected in a drop of 24.78 points on the Shanghai Containerised Freight Index.
 
ABS has published a Guide for shipowners seeking to obtain its optional class notations ENVIRO and ENVIRO+ denoting adherence to enhanced standards for environmental protection. The standards are contained in the recently released ABS Guide for the Environmental Protection Notation for Vessels.
 
A.P. Møller-Mærsk A/S (APMM) and ABS have agreed to extend out-of-water drydocking periods from five to seven and a half years for eligible vessels. The agreement signed recently covers an initial fleet of 14 Maersk Line containerships. It has been initiated under a pilot program approved by the Danish Maritime Authority wherein vessels may undergo two underwater examinations before the traditional out-of-water drydock inspection is required.
 
A.P. Moller-Maersk reported its first full year net loss of $1.02 billion in 2009 as its core container shipping business plunged $2.1 billion into the red from a $583 million profit in the previous year. “The loss is significant, but 2009 was an extraordinary year with historically low rates and low demand,” said A.P. Moller-Maersk chief executive Nils Andersen.
APL Beijing, the “New World Alliance” – APL, MOL & Hyundai – has just launched their new APX shipping service (Atlantic Pacific Express). Le Havre marketplace, being in the position of last outward port from Europe, is able to provide excellent transit times both to the East and the West Coasts of the United States, without any transhipment.
 
Aqaba Container Terminal (ACT) in southern Jordan, under the port’s 2009-2013 action plan, includes a 460 meter extension of the quay, as part of a new world-class container facility on the tip of the Red Sea. The quay will increase annual container throughout capacity to a projected 2 million TEUs when fully completed and equipped. The project, entails an overall capital expenditure of US$235 million, bringing total investment since 2006 to US$335 million.
 
ABS was named Best Classification Society during the recent Lloyd’s List Middle East & Indian Subcontinent Awards held in Dubai. The award ceremony is one of six regional events hosted by the industry’s daily newspaper to benchmark excellence within the maritime industry. A panel of judges from a broad spectrum of industry selected ABS as the winner in the “Classification Society” category. The society has maintained a network of regional and port offices throughout the Middle East area for more than 30 years with regional administrative and operational headquarters in Dubai, United Arab Emirates (UAE).
 
ADNATCO-NGSCO, the shipping arm of the Abu Dhabi National Oil Company (ADNOC) Group of Companies, has entered into a strategic alliance agreement with global maritime industry leader Drydocks World. Under the terms of the agreement, some of ADNATCO-NGSCO vessels will be able to use the Far Eastern facilities owned by Drydocks World in Singapore and on Batam Island, Indonesia.

ABS and the Russian Maritime Register of Shipping (RS) have initiated an extensive joint training program covering survey of Arctic LNG carriers for a team of surveyors drawn from both societies. Classroom instruction at the RS training facilities in St Petersburg, Russia, is to be followed by a prolonged period of field training at shipyards for new construction and on ABS-classed, trading LNG carriers for in-service surveys.
 
ABS Nautical Systems clients will soon have a more prominent seat at the developers’ table. Functionality to be released in version 5.4 of the NS 5 fleet management software this year will deliver personalized dashboards and reporting capabilities to its users.
 
Altona fishing port in Hamburg will be given a modern terminal building with an integrated and automated gateway. This will speed up the putting in and casting off of ships. Preparatory work for the project on the marine side has been going on since August. Before the end of this year a start will be made with the construction of the quay wall, so that the first cruiser will be able to put in to the new berthing space by mid-August 2009.
 
Agility, the world’s leading logistics company, announced the launch of its new Container Freight Station (CFS) – a major new consolidation and redistribution service – from its hub in Dubai. This new service will be offered to all shippers and consignees who have shipment of less than a container load (LCL)
 
ABS is now offering its clients powerful ship inspection and maintenance management software to be placed in the office and on board all newbuild vessels contracted to ABS class. The offer is also being made retroactive to apply to any newly built vessels delivered since 1 January this year. Vessels that transfer into ABS class may also be eligible for the program.
 
APL announce a new direct liner container service from southern Vietnam to the west coast of North America., APL’s PS1 service has been making weekly port calls at our new deepwater terminal facility serving Ho Chi Minh City.
 
ABS has issued a new guide intended to provide supplementary requirements for the application of higher-strength, thick steel plates, greater than 51 mm, within the structure of large container carriers. The requirements in the Guide for Application of Higher-Strength Hull Structural Thick Steel Plates in Container Carriers are based on ABS’ extensive experience with the design, construction and in-service performance of large and ultra large container carriers.
 
ABS Nautical Systems (ABS NS) has donated its NS5 Fleet Management Software to the International Maritime University of Panama (UMIP). The donation includes the Maintenance & Repair, Purchasing & Inventory, Crew Management, Quality & Compliance and Replication Manager modules of the NS5 software suite. The modules will be woven into the existing student courses as real-world examples, thus giving students exposure to the software throughout their educational program.
 
ABS is currently involved with the review of or being considered for the selected class society for several groundbreaking Floating LNG (FLNG) and Floating Storage and Re-gasification Unit (FSRU) concepts. “We’ve been approached by leading energy operators to help them evolve gas technology that has typically been developed for land-based facilities,” says Ken Richardson, ABS Vice President Energy Project Development.

Arabian Gulf remains a dynamic growth centre for ship building and repair, says a leading maritime industry observer. “The region is one of the busiest commercial maritime hubs with the United Arab Emirates, Saudi Arabia, Oman and Qatar having major ports and shipyards with more being built,” said Christopher Hayman, Chairman of Seatrade, organisers of the region’s premier event focused on workboats to be held in Abu Dhabi later this year.
 
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BNCT, the newest container terminal in Busan, continues to grow rapidly welcoming 7 new large services in the last 6 months. These services bring 1 million TEU throughput annually to Busan’s New Port and include five Ocean3 Alliance services plus MSC’s New Falcon and CMA CGM’s CIMEX1 service.
Barcelona Europe South Terminal handled the largest containership ever to call at the Port of Barcelona, the 16,600 TEU MSC London, it also set a new productivity record, discharging 618 containers, and loading 1,035, in less than eight hours: a rate of 212.58 moves per hour.
 
BG Group is preparing to deliver a first commercial liquefied natural gas (LNG) cargo to China from its new $20.4 billion Queensland Curtis LNG project in Australia.
 
Braemar Shipping Services PLC group announced that it has been appointed as Owner’s Engineers by Texas LNG Brownsville LLC (Texas LNG) for the proposed Brownsville LNG project. The project will be constructed in a deepwater frontage site along the Port of Brownsville shipping channel, South Texas, and is anticipated to export more than 2 million metric tonnes per annum (MTPA) of LNG, with the first shipments planned for export in 2019.
 
Box Ships reported adjusted revenues of $12.9 million, down 34 percent from $19.7 million in the third quarter of 2013 due to the lower time charter rates vessels earned year over year, and reported a net income of $5.6 million, or $0.17 per share.
 
Bestway Marine Technology Development signed the RMB650m ($105.2m) contract with inland river shipping firm Green Power Water Transport, which is 25 percent owned by the former and 10 percent owned by another subsidiary of Shanghai Bestway Marine Engineering Design.
 

BBC Chartering, the German based global provider of multipurpose and heavy lift shipping services, announced the launch of a new branch office in Bilbao, Spain. The services from the new branch commenced on April 10, 2014. The launching of the new office at Spain follows the recent opening of a French representation of the carrier that it has introduced during January this year.

BBC Chartering’s global chartering operations are pillared on an effective regionalization strategy. Other regional presences of the carrier in Europe are in Antwerp at Belgium, Bremen at Germany, Genoa at Italy, Liverpool at UK, Istanbul at Turkey, and St. Petersburg at Russia. The carrier’s global and European headquarter is located in Leer, Germany.BrazilianPresident Dilma Rousseff approved new regulations to make its ports more efficient and attract up to $12 billion in investments as the country begins to tackle logistics bottlenecks hampering vast farm exports. The estimate is the value of planned private sector port projects already submitted to the government for approval.


Bibby Ship Management has won a prestigious contract with BP Exploration Operating Company to fully manage four Regional Support Vessels (RSV) and an additional two new-build Platform Supply Vessels (PSV) for operation in the North Sea. The award of the contract marks a key milestone for Bibby Ship Management in its drive to build on its expertise in the management of offshore vessels.British International Freight Association (BIFA)has welcomed the news that the US Maritime Alliance and the International Longshoremen’s Association have reached a tentative agreement for a new six-year master labour contract. “The tentative agreement is subject to the ratification procedures of both parties and, as well, to agreements being achieved in a number of local union negotiations.” said George H. Cohen, Director, Federal Mediation and Conciliation Service Director in a statement issued on the labour negotiations between the two sides.Braemar (Incorporating The Salvage Association), (Braemar SA), has taken its successful formula of Lloyds market briefings to Singapore, and launched a new series of market briefings held at both Asia Square, known as ‘mini’ Lloyds, and at a number of corporate headquarters including those of RSA, QBE and First Capital. “Rapid development has seen Singapore evolve into Asia’s marine insurance hub,” said Graeme Temple, Regional Director for Braemar SA in Asia, speaking after this successful event.
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Clean Marine has signed a contract with the Chinese yard Huanghai Shipbuilding for the supply of exhaust gas cleaning systems (EGCS) on two reefer/fishing support vessels, which are currently under construction. The contract also includes an option for delivery of additional EGCS on two identical sister vessels.Clarkson PLChas recorded a robust overall performance in the first half of 2015 despite continued challenging market conditions in some of the markets it operates in. Strong performance was reported from broking division in tankers, specialised products and gas markets, the group said i