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ARI Media

Oct 3, 2017
3 min

Sailing Around the World Alone

How to explain what it is like to sail the Vendée Globe, a round-the-world solo yacht race, non-stop and without assistance? Pieter Heerema, who finished the prestigious race on March 2 this year, is certain that it is not going to be easy. “I can talk for three weeks about my voyage and still only give you a glimpse of how it is to sail the world non-stop.” Emotions can be hard to describe, but if you just show them, everybody knows what you are talking about. And that is wh

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ARI Media

Aug 3, 2017
5 min

Reducing emissions by planning better

Seamen must be the first group of people who had an extensive knowledge of the weather. They recognised cloud formations and variations in wind speed that indicated the weather change. At sea, this knowledge could mean the difference between life and death. Today, a weather forecast is not made with a keen eye but with all kind of technologies like satellites and weather sensors. Nowadays, forecasts still save lives at sea, but also a lot of fuel. That is good news for the en

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ARI Media

Aug 3, 2017
2 min

U.S. commodities post big outflows

U.S.-based commodities funds posted the largest withdrawals of 2017, bleeding $1.2 billion during the latest week and sending a contrarian signal to rising oil and gold markets, Investment Company Institute (ICI) data showed. Crude oil futures and gold have both generated more than 4 percent returns apiece over the last month, but withdrawals accelerated for U.S. funds heavily invested in those assets. Kristina Hooper, global market strategist at Invesco Ltd, said the selling

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ARI Media

Jul 6, 2017
1 min

EU Ports at Risk amid Brexit

The UK Chamber of Shipping has warned that Brexit would have a wide impact on European ports saying that “the dangers to major EU ports has been understated.” The Chamber informed that the return of border controls would lead to increased bureaucracy, “guaranteed” lorry gridlock and threats to the prosperity of both EU member states and the UK. “The EU sells GBP 240 billion of goods to the UK each year, most of which travels through ports. So the negative impact of a so-calle

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ARI Media

Jun 22, 2017
1 min

Beyond Maritime Security

Economic stability and sustainable development can be driven by an integrated approach to the maritime sector, including ports, maritime security and facilitation of maritime traffic. Joined-up government policies covering the whole of the maritime sector are critical for the port sector to flourish. These were among key messages delivered by IMO’s Chris Trelawny, who was speaking at the Port Security Technology conference, London, United Kingdom (20 June), which provided an

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ARI Media

Jun 22, 2017
2 min

Maersk Unaffected by Rickmers

Danish container shipping major Maersk Line said that it doesn’t expect any impact of Rickmers Holding’s filing for insolvency on its operations. To remind, Rickmers had to file for insolvency after HSH Nordbank AG denied approval to the term sheet dated April 19, 2017 and rejected further negotiations of the restructuring. Out of Maersk’s total operated fleet consisting of 639 vessels, six are charter vessels formerly owned by Rickmers. In addition, a further 12 vessels are

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ARI Media

Jun 15, 2017
3 min

How Are Commodities Taxed?

Hold commodities in a taxable account? Plan on getting a stiff bill from either the IRS or your accountant. Here are four ways you can get taxed. Bullion. Precious metals are taxed as “collectibles,” much as if you were dabbling in baseball memorabilia. Short-term gains are taxed at your ordinary-income rate. Long-term gains are taxed at a maximum 28% federal rate. You owe tax only when you sell, and that deferral is worth something if you hold for a decade or two. The big pr

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ARI Media

Jun 15, 2017
3 min

Coal No Longer King

China’s domination of energy markets — long the driver of soaring fossil-fuel consumption and rising carbon pollution — is now turning the planet in a cleaner direction. The biggest energy consumer is moving toward the end of an era after it burned the least coal in six years, became the number one producer of renewable energy and even lowered its emissions of climate-warming gases, according to data from BP Plc. “China matters in a big way to the energy market,” said Giovann

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ARI Media

Nov 1, 2016
1 min

Miami Wins Big Future State Grants

A total of USD 33 million in State grants have been allocated to US East Coast PortMiami over the next five years, according to Miami-Dade County. The grant allocations will help fund the expansion to Cruise Terminal F into a mega cruise facility able to process more than 5,000 cruise passengers at a time. Funds will also be utilized for the procurement of three additional Super-Post-Panamax cranes, as well as upgrades to cargo terminal yards in an effort “to create efficienc

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ARI Media

Nov 1, 2016
4 min

Shipping With Wind Propulsion?

As Maritime Holland readers undoubtedly know, the 2015 Paris Climate Agreement makes no reference to the shipping industry. However, this doesn’t mean that the sector is not making its own progressive steps on the matter. The recent contract between Switijnk Shipping, a family-owned Dutch shipping company, and C-Job Naval Architects for a Flettner Freighter is one example of how the shipping sector is independently and pro-actively looking for sustainable shipping solutions.

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ARI Media

Oct 12, 2016
3 min

Can Shipping Keep Its Big Break Going?

As snooker players know, it’s hard to keep a good break going. In today’s conditions, the shipping industry needs supply-side re-positioning to help the markets back to improved health, and increased recycling in recent years has been a clear part of this. However, there’s still some way to go to better times, so it’s worth taking a look at how today’s ‘big break’ might leave the future potential scrapping profile. The Big Break! Since the start of 2009, a total of 206.6m GT

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ARI Media

Oct 12, 2016
1 min

VIDEOS: Mediterrana Enters Maltese Waters

Armada LNG Mediterrana, the Floating Storage Unit (FSU) owned by Malaysia-based offshore oil & gas services provider Bumi Armada, arrived in Malta on October 10, 2016, where she will provide storage facility and supply gas to the country’s Delimara power station. The 1985-built vessel, former Wakaba Maru, is expected to be permanently moored by a jetty near the Delimara LNG receiving terminal, at Marsaxlokk Bay, and deliver LNG on a continuous basis, without dry-docking inter

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ARI Media

Oct 6, 2016
1 min

Pirate Threat Still Very Real

Merchant vessels transiting the Gulf of Aden and the western Indian Ocean should take protective measures as the risk of pirate attacks still exists, according to the International Maritime Organization (IMO). Namely, the topic was highlighted during a meeting between IMO Secretary-General Kitack Lim and Operation Commander Major General Rob Magowan of the EU Naval Force Operation Atalanta. The parties agreed that the merchant vessels should continue with protective measures

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"Shipping Fiasco Was Unavoidable" Says Hanjin Chief

ARI Media

Oct 4, 2016
3 min

"Shipping Fiasco Was Unavoidable" Says Hanjin Chief

Hanjin Group Chairman Cho Yang-ho, the largest stakeholder of the group’s cash-strapped Hanjin Shipping, said Tuesday the recent shipping fiasco sparked by court receivership of the shipping line was “unavoidable.” “It was an unavoidable situation derived from the aggressive supply of government-backed foreign shipping lines and their low price strategies,” Cho said in a parliamentary audit for the state-run Korea Development Bank. KDB is the main creditor of Hanjin Shipping.

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ARI Media

Sep 29, 2016
3 min

A Sea of Change For the Ship Industry

Today, the shipping industry finds itself in a sea of change. New international standards require vessels to reduce air pollution, meaning fewer emissions. It’s a challenge for builders as altering a ship’s power can sacrifice safety. How can the industry ensure that marine vessels remain safe while cutting emissions? A shipyard in Croatia is helping scientists to improve maritime transport. Founded 160 years ago, Uljanik is one of the world’s oldest shipbuilding companies. C

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How We Monitor and Enforce Ship Emissions

ARI Media

Sep 29, 2016
3 min

How We Monitor and Enforce Ship Emissions

Air pollution from ships is a serious problem that doesn’t get enough attention. Kelvin Boot explains how environmental science can help ensure industry plays by the rules. Europe has an estimated 80,000 ship-visits to ports each year, and many of those ships burn cheap, low-quality fuel that creates polluting exhaust emissions, containing sulphur, nitrogen oxides and particulate matter. This thick, dirty, tar-like fuel oil is what’s left behind after the crude oil has been r

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ARI Media

Sep 26, 2016
3 min

A Shock to the Oil Market This Week

Members of OPEC are scheduled to meet with Russia in Algiers on Wednesday to once again discuss a coordinated effort to stabilize the oil market. That meeting marks OPEC’s third attempt this year to discuss stabilizing actions, which thus far have ended in failure. Because of those past failed attempts, the market does not expect any action next week. In fact, just two of the 23 analysts surveyed by Bloomberg expect any agreement. However, while the market is discounting any

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ARI Media

Sep 21, 2016
1 min

The Lowest Rates to S. America, Africa, and Asia.

When you know you've found a great deal, it feels amazing. At ARI, we now offer the lowest rates to South America, Africa, and Southeast Asia for everything from cars and boats to heavy machinery and textiles. Call us or request a free online rate quote today and learn how much you could be saving! #ARIShippingCorp #shipping #logistics #transportation #cargo #freight #SouthAmerica #SoutheastAsia #Africa #freightforwarder #textiles #heavymachineryshipping #heavymachinery #mach

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ARI Media

Sep 14, 2016
3 min

Hanjin, the Lehman Bros. of Shipping

The fall of South Korea’s biggest container line Hanjin Shipping Co. is similar to the 2008 collapse of Lehman Brothers Holdings Inc. and has materially impacted the shipping industry, Seaspan Corp. Chief Executive Officer Gerry Wang said. Seaspan, the Hong Kong-based container-ship leasing company that has three vessels chartered to the distressed line, is evaluating all options and examining systemic risks resulting from Hanjin’s bankruptcy filing, Wang said in an interview

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ARI Media

Sep 14, 2016
1 min

LA Pier Gets Ready for Mega-Ships

The first of ten ship-to-shore (STS) cranes at the APM Terminals Los Angeles Pier 400 facility was raised 33 feet, making it the tallest port crane in North America, ahead of regular Ultra-Large Container Vessel (ULCV) calls in the trans-Pacific trade lanes, according to the terminal operator. APM Terminal said that the crane, which will use 60% less energy than conventional lighting systems, is expected to be ready for vessel operations in the next few months. The crane heig

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