The International Maritime Organization (IMO) signed a new memorandum of understanding (MoU) with the European Bank for Reconstruction and Development (EBRD) to support the growth of sustainable shipping.
A variety of safety and environment related capacity-building activities will be carried out in the maritime and port sectors as part of the initiative.
Countries such as Azerbaijan, Egypt, Georgia, Morocco, Tunisia and Turkey are expected to benefit from the development.
A three-company consortium that includes Royal Boskalis Westminster (Boskalis) secured a contract worth roughly S$1.46bn (€897m) to carry out a port development project, Tuas Terminal Phase II, in Singapore.
The contract was granted in the form of a letter of award by the Maritime and Port Authority of Singapore (MPA).
The agreement is slated to be finalised over the upcoming weeks.
The European Commission (EC) imposed a fine of €395m on four maritime car carriers for taking part in cartels that violate the European Union’s (EU) antitrust rules.
The carriers include Japanese entities Nippon Yusen Kabushiki Kaisha (NYK) and K Line Kawasaki Kisen Kaisha (K Line), as well as Norwegian / Swedish carrier WWL-EUKOR and Chilean shipping company CSAV.
Japanese carrier Mitsui OSK Lines (MOL) was also found to be involved in the controversy, however the EC offered the company full immunity in exchange for revealing the existence of the cartel.
Samsung Heavy Industries (SHI) secured an order worth a total of KRW820bn ($755m) from an undisclosed Asian customer to build eight new containerships.
The neo-panamax vessels will be 334m-long, 48.4m-wide and feature capacities of 12,000 twenty-foot equivalent units (TEUs) each.
Deliveries of the vessels are scheduled to take place by May 2021.
Singapore-based PSA International officially opened the Rs79.15bn ($1.23bn) Fourth Container Terminal (FCT) at Jawaharlal Nehru Port (JNPT) in the city of Mumbai, India.
The terminal has been developed on a design, build, fund, operate and transfer (DBFOT) basis by PSA’s subsidiary Bharat Mumbai Container Terminals (BMCTPL) as part of a concession agreement that was originally signed in May 2014.
BMCTPL is set to operate the terminal for a period of 30 years under the arrangement.
The Netherlands-based shipowner Seatrade faced criminal charges from a local public prosecutor as part of a case alleging that the company has engaged in illegal scrapping practices.
Seatrade allegedly sold vessels to scrap yards in countries that undertake ship breaking practices that endanger the lives and health of workers, as well as pollute the environment.
After hearing the case, a Rotterdam Court imposed a fine of €2.35m and ordered the confiscation of profits made by Seatrade on the illegal sale of four ships, namely Spring Bear, Spring Bob, Spring Panda and Spring Deli.
Canada-based marine engineering company Robert Allan is set to partner with Kongsberg Maritime to develop a new remotely operated fireboat to address the safety and security requirements of modern ports.
The unmanned fireboat, RALamander, will be designed to allow first responders to combat dangerous port fires more safely and aggressively.
It is expected to provide in-close firefighting and ‘eye in the fire’ capability for firefighting professionals, enabling them to safely and effectively carry out a variety of missions such as combating container, petrochemical, shore-side structure and vessel fires.
A study led by the US-based University of Delaware (UD) revealed that cleaner ship fuels are projected to reduce childhood asthma by 3.6% worldwide, but will continue to affect the climate.
The reduction is expected to occur once the International Maritime Organization (IMO) regulation requiring fuels to contain 80%-86% less sulphur comes into force in 2020.
Roughly 14 million cases of childhood asthma per year are currently found to be associated with global pollution from shipping fuels.
The Government of Djibouti terminated its contract with Dubai Ports World (DP World) for the operation of Doraleh Container Terminal.
The terminal is situated at the Port of Doraleh in Djibouti.
It was originally designed and built by a unit of DP World, which is backed by the Government of Dubai.
Rolls-Royce secured an order to provide its hybrid propulsion system for a multi-purpose tractor tug that is currently under construction for Baydelta Maritime.
The 100ft-long tugboat has been designed by Jensen Maritime and is being built at the Nichols Brothers Boat Builders site in Washington State, US.
Rolls-Royce is set to supply all the vessel’s electric motors and shaft generators as part of the deal, as well as its power management and control system.