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Shipping Is Watching the Pennies

Written by Abdelmonem Achour on . Posted in Maritime news

Total annual operating costs in the shipping industry fell by an average of 0.8% in 2014, according to findings released by international accountant and shipping consultant Moore Stephens.

This compares with the 0.3% average fall in costs recorded for 2013.

All categories of expenditure were down on those for the previous 12-month period, confirming that ship owners and operators continued to manage costs sensibly and to watch their cash carefully in 2014,” the shipping consultant said.

Commercial Ships of 2030 Will Be Smart, Green and Connected

Written by Abdelmonem Achour on . Posted in Maritime news

The marine technology of 2030 will combine developments from multiple scientific disciplines in ways that could transform the design, construction and operation of commercial ships through the integration of people, software and hardware, according to the Global Marine Technology Trends 2030 report released by Lloyd’s Register (LR).

The report, a collaborative project between Lloyd’s Register, QinetiQ and the University of Southampton, examines the transformative impact of 18 technologies on ship design, on naval power and on the use of ocean space, as the understanding of the world’s oceans is more essential than ever to secure the future of our planet, LR says.

French-Chinese consortium wins 25-year Kribi terminal concession in Cameroon

Written by Abdelmonem Achour on . Posted in Maritime news

A consortium of two French companies, CMA CGM and Bolloré Africa Logistics, and China’s China Harbour Engineering Co, have won the concession to operate the 1.4m teu Kribi container terminal in Cameroon.

The concession for the Kribi Container Terminal is 25 years and CMA CGM said vessels up to 8,000 teu capacity would be able to call the 1.4m teu capacity container terminal. “When finished, it will be composed of a 700 metre length wharf and a 32 hectare platform made for 16 metre draught. A first 350 meter length wharf will be operational within a few months,” it said.