Development of India's National Waterways
Under the National Waterways Act, 2016 of India, a total of 111 waterways have been declared as National Waterways (NWs). Out of these 111 NWs, NWs-1, 2 and 3 are…
ABS Approves New VLEC Concept
ABS, a leading provider of classification and technical services to the global marine and offshore industries, granted Approval in Principle (AIP) for a new very…
Port Canaveral Welcomes Höegh Sydney
Port Canaveral staff were on hand to welcome the captain and crew of the Höegh Sydney roll-on/roll-off (RO/RO) vessel on her inaugural visit to the Port. The Sydney’s…
ABS Grants AIP for LNG Power Vessel
ABS has granted Approval in Principle (AIP) to Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., for its LNG Power Vessel. The vessel is designed in accordance with…
NIMASA Employs 20 Outstanding Seafarer Cadets
Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside announced the decision of the Executive Management of the…
Euronav to buy Gener8 Maritime
Tanker operator Euronav is to buy U.S. rival Gener8 Maritime to create one of the world's top oil shipping fleets, the companies said on Thursday, in an all-stock deal worth an estimated $490 million.
Shipbuilding First: Wison Delivers Barge-based FSRU
A shipbuilding first was recorded with Exmar took delivery of the world's first barge-based FSRU and secures long-term employment for the unit. Final delivery of the world’s first barge-based floating LNG storage and re-gasification unit (FSRU) from the Wison Shipyard in Nantong, China. The unit has a re-gasification capacity of up to 600MMSCFD and a storage capacity of 26,000 m³ of LNG. This delivery…
UK's New $4.2 Bln Aircraft Carrier Has a Leak
Britain’s biggest ever warship, the new 3.1 billion pound ($4.2 billion) aircraft carrier HMS Queen Elizabeth, has a leak and needs repairs, the Ministry of Defence (MoD) said on Tuesday. The 65,000-tonne ship is hailed as Britain’s most advanced military vessel and was only commissioned by the queen two weeks ago but it has a problem with a shaft seal that was identified during sea trials, the MoD said.
USCG Releases Final Statement on El Faro Sinking
The U.S. Coast Guard has released its final action memo on the loss of the S.S. El Faro and its 33 crew members during a 2015 hurricane near Crooked Island, Bahamas. In the final action memo, Commandant Adm. Paul Zukunft approved the findings of fact, analysis and conclusions detailed in the Marine Board of Investigation’s Report of Investigation (ROI), essentially marking it as the official Coast Guard position on the cause of the marine casualty.
Ferry Sunflower is Test Bed for "Intelligent Awareness"
The maritime industry increasingly moves towards autonomy, and Rolls-Royce has been a major driver of the initiative globally. Today Rolls-Royce announced a deal with Japanese multi-modal transport company Mitsui O.S.K. Lines (MOL), to collaborate in the development of its intelligent awareness system. Specifically the intitiative will be trialled onboard the 165-m passenger ferry Sunflower, owned and operated by Mitsui O.S.K.
Goss, Martus Receive Thomas Crowley Awards
Crowley Maritime Corporation’s Zoe Goss, director, marine recruiting and development, and Ray Martus, vice president, vessel construction management, have been honored with 2016 Thomas Crowley Awards, the company’s highest honor for its employees. Goss and Martus each received a limited-edition bronze sculpture that depicts company founder Thomas Crowley ferrying goods in a row boat across San Francisco Bay in the early 1890s.
Wärtsilä Acquires Trident B.V.
Wärtsilä said it has acquired Netherland based Trident B.V., a specialist in underwater ship maintenance, inspection and repair services. The acquisition is expected to close in January 2018. The enterprise value of the transaction is €17.5 million ($20.8 million) and an additional €3.5 million ($4.2 million) earn-out, based on the business performance in the coming years. The turnover of Trident is approximately €9 million ($10.7 million).
Second-hand Ship Sales Reach 10-year High
Shipping struggles to recover from worst crisis in 30 years; market for new ships remains weak. Sales of second-hand ships reached a 10-year high on cautious optimism…
Philippine Ferry Capsizes with 251 Aboard
Four people were killed and seven were missing after a Philippine ferry with 251 people on board capsized during bad weather on Thursday near the capital, Manila, disaster officials and a coastguard spokesman said. Accidents involving boats sailing between the many islands of the Philippines are common. Vessels are often overloaded but the coastguard said that was not the case on Thursday and the ferry had the capacity to carry 286 people.
Asia Dry Bulk-Capesize Rates to Fall as Cargo Dries Up
Rates from Brazil to China fall by $4/tonne, $6,000/day; queues at Dalrymple Bay to ease, return to normal in January. Freight rates for large dry cargo ships on…
MacGregor Acquires Rapp Marine
MacGregor, part of Cargotec, has signed an agreement to acquire Rapp Marine Group (RMG) in order to strengthen its offering for the fishery and research vessel segment.
Northern Drilling Expands its Fleet
Northern Drilling (NODL) announces the exercise of its option to purchase the semi submersible rig Bollsta Dolphin for a total consideration of USD 400 million.
MPC Acquires Two Vessels
Oslo-based boxship owner MPC Container Ships has agreed two more secondhand purchases. "MPC Container Ships ASis pleased to announce that it has entered into agreements…
Marcopolo Shipyard Restructuring Approved
PT Marcopolo Shipyard (PTMS) has secured the approval for its restructuring plan to to place itself under a Penundaan Kewajiban Pembayaran Utang (PKPU) suspension of debt payment.
Damen’s BWM in Eight EU Ports
Ship owners are now able to treat their unmanaged ballast water or load cleaned ballast water in eight different Northern European ports using Damen’s unique IMO…
