Thursday, 11 December 2014 23:36

Judge orders compensation to pirates

341 pirates

A judge at the European Union of Human Rights has ordered France to pay compensation to a group of nine Somali pirates on account of a 48 hour delay in presenting them before a judge after their arrival in the country. France was judged to have violated the European Convention of Human Rights. The pirates were accused and convicted of hijacking the French-flagged three-masted cruise ship Le Ponant (above) and a yacht in separate incidents off the coast of Somalia in 2008.

It was also made known this week that Denmark has compensated nine Somali pirates following an attack on the Torm Kansas because they were also detained too long before being brought before a judge. Each received 19,600 Danish crowns ($3,247) for the 13 days they were detained. Who said that crime doesn’t pay?

Thursday, 11 December 2014 23:29

Ship's Engineer shot dead by pirates

341 engineer

In really sad news, a ship’s Vietnamese 3rd Engineer was this week shot in the forehead while still in bed during a pirate attack on the small asphalt carrier VP Asphalt 2. He later died in a Singapore hospital after being air-lifted by a Singapore Military helicopter. The vessel, had left Singapore a few hours earlier with 2,300 tons of liquid asphalt. The vessel’s 16 crew members were roughed up while pirates ransacked the vessel before taking off with anything of value.

Thursday, 11 December 2014 23:28

Greek owners lead 2014 second hand market

341 Greek

Ever opportunistic, Greek ship owners have been active buyers in the second hand market this year with about $7 billion of transactions thus far. U.S. and Singapore based owners follow with about $4.6 billion and $3 billion of purchases respectively followed by Norwegians and South Koreans, with a modest $1.7 billion, and $1.4 billion respectively. Greek focus has been on the traditional bulk sector which represents 45% of their 2014 investments but they are also becoming more prominent in the ownership of LNG carriers and container ships.

Thursday, 11 December 2014 23:25

Pieter Schelte photographed off Singapore

341 Pieter1 341 Pieter2

Our Ship of the Week last week Pieter Schelte has been photographed off Singapore as she makes her way from South Korea to Rotterdam. The scale of this vessel, the world’s largest catamaran, is truly impressive. 

341 Petrobras

Brazil’s state prosecutor called this week for the replacement of state controlled Petrobras entire senior management and punishment of everyone involved in an alleged scheme to funnel kickbacks from contracts to President Dilma Rousseff’s Workers’ Party and ruling coalition. While no stranger to institutional corruption at the highest level of government, Brazilians have been shocked to learn just how bad this multibillion dollar bribe and money laundering scandal is with many millions of $$$ having been traced to Swiss bank accounts. The company’s shares have plunged as the revelations continue to hit the Brazilian media. Petrobras is a major charterer of tankers and off-shore supply, service and FPSO tonnage.

Thursday, 11 December 2014 23:11

Nicaraguans protest against canal proposals

341 Canal

Taking a cue from the Hong Kong student umbrella protests, thousands of people marched through the streets of Nicaragua's capital, Managua, this week to protest against the proposal to build a new 278 km canal through the country linking the Atlantic and Pacific Oceans. The main gripe of the demonstrators is the forced annexation of their farmland without compensation to make way for the project. Work on the first phase of construction is due to start on December 22.

Thursday, 11 December 2014 23:07

UK to establish new Middle East military base

341 UK

It has been announced that the UK is to establish a permanent base in the Middle East for the first time since military withdrawl in 1971. The Royal Navy is to re-establish a base at the Mina Salman Port in Bahrain. The UK already has four Mine Hunters, based at the port, but there are now plans to increase the number of warships in the region “in order to address threats to regional security.

Thursday, 11 December 2014 23:04

Celebrity signs LOI for newbuilds

341 Celebrity

Celebrity Cruises has signed a Letter of Intent (LOI) with STX France for the construction of two new 117,000 ton, 2,900 guest capacity cruise ships under the project name EDGE. The first ship will deliver in Fall of 2018 and the second vessel in early 2020 in a contract valued at 1.2 billion euros ($1.5 billion). “Our new class of ship will set the standard for premium world travel and deliver the next generation of modern luxury experiences that our guests know and love,” said Michael Bayley, President and CEO of Celebrity Cruises.

It has also been announced that Richard Branson’s Virgin Group has now formally launched Virgin Cruises with the backing of Bain Capital Partners LLC. The company will be based in Miami area and plans call for the design and construction of two new ships but Virgin has not disclosed when or where they will operate or who will build them.

Tuesday, 09 December 2014 11:41

Tentative agreement reached between CN and USW

341 CN

A tentative agreement has been reached between CN and the United Steelworkers Union local 2004 representating approximately 3,000 maintenance-of-way employees that inspect, maintain and repair CN's track, bridges and structures.  The current CN-USW labour agreement is scheduled to expire on Dec. 31, 2014.  

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Cargo Logisitcs Canada has introduced to its Expo and Conference in Vancouver in January 2015, three Awards of Excellence to recognize, celebrate and shine the spotlight on the important role of logistics professionals.  The categories will recognize best safety innovation, women in supply chain and sustainabilty. To nominate a colleague or customer, visit: http://cargologisticscanada.com/newsletter/cargo_141125_external.htm

Monday, 08 December 2014 10:49

Lea Washington - Western Stevedoring

We are saddened to learn of the passing of a very well known personality on the Vancouver waterfront, Mr. Lea Washington, a superintendent with Western Stevedoring. Lea died on November 28 at Lions Gate Hospital in North Vancouver after a brief battle with respiratory disease. Lea joined Western in 1974 and was gradually easing into retirement following a very long and dedicated career with the company. Our sincerest condolences to Lea’s family and what he regarded as his second family, his many long time friends and colleagues at Western Stevedoring. 

340 PNWLNG1

A final investment decision on the $11.4 billion Pacific Northwest LNG project has been delayed thereby placing a question mark over the hoped for 2019 completion date. Project leader Petronas this week announced that estimated construction costs are too high especially against the background of falling oil prices which in turn puts pressure on the sales price of LNG. Pacific NorthWest LNG selected three global engineering contractors in May 2013 to take part in a competitive process for the project’s front-end engineering and design, the bidders being Bechtel Group based in San Francisco, and two joint ventures – the KBR Inc. and JGC Corp. team and a group comprising Paris-based Technip, Samsung Engineering Co. Ltd. and China Huanqiu Contracting & Engineering Corp.

Petronas holds a 62% interest in the project, Sinopec (China Petroleum & Chemical Corp) 15%,  Indian Oil Corp. 10%, Japan Petroleum Exploration 10% and Petroleum Brunei 3%. The Canadian Environmental Assessment Agency is scheduled to rule on Pacific NorthWest LNG in mid-2015. 

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