IMTRA Mourns the Loss of Nat Bishop
IMTRA Corporation and its employees are saddened by the passing of former CEO and long-time member of the IMTRA family, Nat Bishop, after a 15-year battle with melanoma.Bishop joined IMTRA, the leading manufacturer, supplier and importer of quality marine products, in May 1974 and worked there until his retirement at the end of 2013. He spearheaded the company’s expansion effort by opening its southeast operation in Clearwater…
Baltic Index Slips as Capesize, Panamax Demand Wanes
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, dipped 2 percent on Thursday, weighed down by weaker demand for capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 30 points, or 2 percent, to 1,516 points.The capesize index snapped five straight sessions of gains and fell 35 points, or 1.5 percent, to 2,353 points.
Baleària Builds World's First Gas Engine-Powered High-Speed Catamaran
The shipping line Baleària, a pioneer in the application of liquefied natural gas in sea transportation, has marked another milestone with the construction of the world's first passenger and cargo fast ferry powered by dual LNG engines. The fast ferry is being built at the Armon shipyard in Gijón, as announced yesterday by Baleària President Adolfo Utor at the inaugural conference of the 57th Naval…
Naval Group Presents the Surface Ship Design Lab at Euronaval 2018
To provide the best response to modern navies, Naval Group offers a customer driven tool at Euronaval 2018 exhibition, the surface ship design lab, to meet as closely…
Mitsubishi Shipbuilding Christens "LNG JUNO"
Mitsubishi Shipbuilding held a christening ceremony for a next-generation LNG (liquefied natural gas) carrier under construction for MOG-X LNG Shipholding S.A., a wholly owned subsidiary of Mitsui O.S.K. Lines, Ltd. (MOL).The ship, named "LNG JUNO," is the third "Sayaringo STaGE" type vessel, and is Mitsubishi Shipbuilding's newest carrier to feature significant improvements in both LNG carrying capacity…
Maritime Rule Change Stirs Fears of Diesel Shortage: Kemp
The International Maritime Organization (IMO) has so far resisted pressure to soften or postpone the implementation of new regulations requiring ships to use bunker fuels with a lower sulphur content from the start of 2020.That has prompted warnings from some analysts that the regulations will squeeze the availability of low-sulphur diesel and jet kerosene required by trucks, trains, aircraft, farmers and industry…
Moore Stephens: Ship Operating Costs to Rise in 2018, 2019
International accountant and shipping consultant Moore Stephens says total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.Responses to the firm’s latest annual Future Operating Costs Survey revealed that drydocking is the cost category likely to increase most significantly in both 2018 and 2019, accompanied in the latter case by repairs and maintenance.
Hurtigruten Orders New Hybrid Powered Expedition Ship
Hurtigruten continues to push the borders for green travel – and orders new, groundbreaking hybrid powered expedition cruise ship.Hurtigruten, an expedition cruise operator, has signed a memorandum of understanding with Norway’s Kleven Verft AS for the construction of their third hybrid powered expedition cruise ship.The new ship’s design, construction, engineering and advanced technology will be based on Hurtigruten’s two next-generation ships…
ClassNK Releases Amendments to Class Rules
Classification society ClassNK has announced that it released amendments to its Rules and Guidance for the Survey and Construction of Steel Ships on October 25, 2018.ClassNK is constantly revising its Rules and Guidance in order to reflect the latest results from relevant research and development projects, feedback from damage investigations, requests from industry as well as changes made to relevant international conventions…
Herman Sr. BV Orders First Damen DP2 Shoalbuster
Dutch marine services provider Herman Sr. BV announced that it has agreed with Damen Shipyards Group to order the first of a newly-developed Damen Shoalbuster type with full DP2 capabilities. This will be the first of a new class within the Shoalbuster series and one of the largest available. The vessel will be built at Damen Shipyards Hardinxveld.35 meters in length, nearly 14 meters wide and with a free deck space of 150m2, the Shoalbuster 3514 will be a substantial working platform.
Rolls-Royce Power for Havyard Ro-Pax Vessels
The Norwegian ship owning company Havila Kystruten AS, has ordered four new build Ro-Pax vessels of Havyard 923 design. Rolls-Royce Commercial Marine will provide power and propulsion for all four ships.From January 2021, Havila Kystruten will operate four ships on the coastal route between the cities of Bergen in south western, and Kirkenes in northern, Norway. The company has contracted Spain’s Astillero Hijos de J.
Asia-Pac Offshore Wind Capacity to Rise 20-fold in a Decade: Wood Mackenzie
Asia-Pacific's offshore wind capacity will rise 20-fold to 43 GW in 2027, said new research from global natural resources consultancy Wood Mackenzie. Future offshore…
Shanghai Lingang Invests in Zeebrugge Port
Chinese investment by the Shanghai Lingang Overseas Development in the port of Zeebrugge was officially signed in Brussels by Liu Jiaping, Chairman of Lingang, and Coens Joachim…
US, Russian Energy Majors Join to Push LNG in India, Japan
Russia's energy major Rosneft and US ExxonMobil plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost…
ASCO Establishes JV with Columbia Shipmanagement
The Azerbaijan Caspian Shipping Company (ASCO) and Columbia Shipmanagement will create a joint venture, the ASCO said in a press release.Rauf Valiyev, the Chairman of ASCO and Heinrich Schuller…
Jacobs Sells ECR Division to WorleyParsons
Australia's WorleyParsons has entered into a binding agreement to acquire US contractor Jacobs Engineering's Energy, Chemicals & Resources (ECR) division, a leading…
EU Okays CMA CGM’s takeover of Containerships
European Commission’s competition regulators has approved CMA CGM acquisition of Container Finance, the holding company that controls regional container operator Containerships.CMA CGM…
Hartree Maritime Partners, Hunter Group Create Scrubber-fitted VLCC Pool
Hartree Maritime Partners LLC have appointed Hunter Group ASA as their Senior Technical Advisor.Hunter Group ASA will provide technical newbuild supervision services…
Shell Joins the Global Wind Energy Council
British-Dutch oil and gas company Shell has joined the Global Wind Energy Council as a board level member as part of its 'new energies strategy' that includes expansion of wind business.Ben Backwell…
UK Needs a Deal, Not Chartered-in Ships: UK Chamber of Shipping
The UK Chamber of Shipping said that the UK Government’s plans to charter in ships to bring in supplies in an event of a No-Deal Brexit would not help.Responding…
