Monjasa Group Improves Results
Danish bunker and tanker group Monjasa Group improved profitability in our operations and we continued making progress in optimising operational expenditures in 2017.
Shell, AET Deal for LNG Aframaxes
Malaysian-owned global shipping company specialising in the ocean transport of crude oil and refined products AET Tankers and Shell International Trading and Shipping…
Africa’s Ports Can Accelerate Growth: PWC
Africa needs to take advantage of the economic potential of its ports and shipping sector if it is to realise its growth ambitions. Globally, ports are gateways…
Port of Long Beach Cargo Volumes Swell 19.4% in 1Q
The Port of Long Beach has completed its best-ever first quarter, with marine terminals handling almost 1.9 million twenty-foot equivalent units (TEUs) January through March.
Navy to Christen Littoral Combat Ship Indianapolis
The US Navy will christen its newest Freedom-variant littoral combat ship, USS Indianapolis (LCS 17), during a 10 a.m. CDT ceremony Saturday, April 14, in Marinette, Wisconsin.
Russia's Aston to Build 4 New Ships
The JSC Aston, one of Russia's largest producers of foodstuffs and ingredients, and is a leading exporter of agricultural goods and vegetable oils, has signed the…
PortMiami Approves Norwegian Cruise Line Terminal
Miami-Dade County has given the green light for construction to begin on the sleek new terminal for Norwegian Cruise Line (NCL) terminal, designed by Miami-based…
Orient Overseas Back to Black
Orient Overseas International (OOI) has announced a profit attributable to equity holders for 2017 of US$137.7 million, compared to a loss of US$219.2 million in 2016.
Fieldwood Hungry for US Offshore Output
The Chief Executive of offshore oil and gas driller Fieldwood Energy LLC, Matt McCarroll, says he is not scared of the hurricanes, geological risks and costs that keep some oil companies out of the Gulf of Mexico. Instead, he is doubling down. The private equity-backed company - already the largest operator on the U.S. outer continental shelf - announced on Thursday it is closing a $480 million acquisition of Noble Energy’s assets in the Gulf of Mexico that will add 25…
US-built Patrol Boats Delivered to Vietnam
Six newly built military patrol boats constructed by Louisiana based shipbuilder Metal Shark have been delivered to the Vietnam Coast Guard. The new deliveries follow an initial round of six Metal Shark 45-foot Defiant-class patrol boats delivered to the Vietnam Coast Guard in the province of Quang Nam in May of 2017. The delivery follows back-to-back U.S. presidential visits to Vietnam from President Obama in 2016 and President Trump in 2017…
Freighter Spills Oil after Striking Pier near New Orleans
A section of the lower Mississippi River is closed to vessel traffic after a Singapore-flagged cargo ship reportedly struck a pier and began leaking oil near New Orleans, Thursday. The U.S.
Season’s First Saltie Heads for Duluth-Superior
The first ‘saltie’ of the 2018 commercial navigation season is on its way to the Port of Duluth-Superior. The 656-foot bulk carrier Federal Weser is scheduled to…
Royal IHC Bags Big Order from Egyptian MOD
Royal IHC has secured an order from the Engineering Authority at the Egyptian Ministry of Defence (MOD). The contract comprises the construction of 10 IHC Beaver…
Top Five Trends in Offshore Wind
As technologies mature and dramatic cost-cutting continues, the future is looking bright for offshore wind. Below are five trends to keep an eye on.Follow the LeaderOffshore wind’s established leader, Europe, will continue to show the way forward and build capacity. At the end of 2016, nearly 88 percent of the world’s offshore wind installations were located in European waters. In 2017, Europe saw a record 3…
For Hire: Battery Hybrid PSVs
Systems integrator and equipment maker Rolls-Royce has quietly been adding hybridizing energy-storage packages to a diverse list of vessels. Yet, so, too, has one of its clients — Louisiana-based SEACOR Marine, as it reacts early to tightened emissions and energy-management standards, or EMS, for vessels plying Europe and North America. Fuel savings and energy-company clients seeking green credentials are…
Partners Eye Autonomous Vessel Technology for UK Ports
Peel Ports Group and ASV Global (ASV) have launched a partnership which will develop the use of autonomous vessel technology for U.K. port operations.The partnership kick-started with a visit from ASV’s team to the Port of Liverpool, to demonstrate the C-Cat-3, an autonomous vessel ideal for shallow survey operations.The C-Cat 3 operated in Brocklebank Dock carrying out seabed survey using a Norbit…
Ballast Water Regs: Difficult and More Difficult
As the U.S. Coast Guard tightens its BWTS compliance rules and more systems are approved, there are still many unanswered questions for operators finally looking to comply.It’s no secret among marine stakeholders that ballast water regulations remain a top concern at the start of 2018, and a confusing one, to say the least. Hence, if someone offers to sell you a clear, concise and complete ballast water instruction manual, move that email over to your spam filter right away.
Yaskawa Ups Investment in The Switch
Yaskawa Corporation is making a multimillion-euro investment to strengthen the R&D capabilities of The Switch and purchase new equipment at the company’s factory in Lappeenranta, Finland.The investment will enable drive train testing of up to 15 MW. The Switch will now become Yaskawa European’s Environmental Energy Division, leading the Japanese company’s global business in the marine, wind and turbo/industry…
Liebherr Records Its Best-ever Turnover
Switzerland based equipment manufacturer Liebherr Group reports its 2017 turnover was the highest in the group's history, with total sales of €9,845 million.The company’s 2017 revenue increased 9.3 percent compared to the previous year, a trend the group says it believes will continue in 2018.The group posted a net result of €331 million for 2017, an increase of €33 million or 11.1 percent compared…
La Niña to Transition to Neutral Weather in April-May -U.S. Forecaster
The La Niña weather pattern is likely to transition to ENSO-neutral conditions during the April-May period, a U.S. government weather forecaster said on Thursday. ENSO-neutral refers to those periods in which neither El Niño nor La Niña is present, according to CPC. There is a more than 50 percent chance of ENSO-neutral conditions prevailing through the northern hemisphere summer in 2018, the National Weather Service's Climate Prediction Center (CPC) said in its monthly forecast.
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