Lloyd's Register Approves STX's LNG-fueled MR Tanker Design
Lloyd’s Register has granted an approval in principle to STX Offshore & Shipbuilding for a 50,000 dwt MR tanker design capable of using LNG as a fuel. This development…
Wind to be EU's Largest Power Source in Ten Years
Wind power is set overtake coal, nuclear and gas to become the EU’s largest power source well before 2030. This is according to the International Energy Agency’s…
OMV, Sapura Energy Sign Pact
Malaysia’s Sapura Energy has entered into a heads of agreement with Austria’s OMV to form a strategic partnership and acquire half of Sapura Upstream for $1.6 billion."Under the agreements…
India Publishes Draft Wind Turbine Certification
India's Ministry of New and Renewable Energy (MNRE) has issued a draft scheme on wind turbines in India. Known as the ‘Indian Wind Turbine Certification Scheme’ (IWTCS)…
Workforce Down by 27% at S. Korea’s ‘Big 3’ Shipbuilders
South Korea's Big Three shipbuilders - Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) - have…
Leslie Controls Wins Virginia Class Valve Contract
Leslie Controls, part of the Thermal Fluid Division of Circor International, has been awarded a $5.65 million-dollar contract to provide valves to the United States…
Novatek Ships First LNG Cargo To China Via Arctic
Novatek Gas and Power Asia, wholly owned subsidiary of Russia’s largest independent natural gas producer Novatek, shipped a cargo of liquefied natural gas (LNG)…
Poti Port Commissions Eco-friendly Spreaders
APM Terminals Poti, Georgia, has commissioned a new, state-of-the-art, revolving spreader to load copper concentrate into bulk vessels. The spreaders are designed…
East Africa, Western Indian Ocean Strengthen Oil Spill Response
A training event on oil spill preparedness and response for countries in eastern Africa, was held in Dar Es Salaam, United Republic of Tanzania (6-9 November).The…
Passenger Terminal Amsterdam Appoints Dick de Graaff as New Director
Dick de Graaff, MA (48) has been appointed the new Director of Passenger Terminal Amsterdam (PTA) effective 1 January 2019. He is succeeding René Kouwenberg who will retire on the same date.PTA…
QTerminals Reaches 2mln TEUs Milestone
QTerminals, the recently-established operator of the first phase of Hamad Port in Qatar, has reached 2mn TEUs (twenty-foot equivalent units) and 5mn tonnes of general…
BIMCO Develops 2020 Bunker Clauses
The Baltic and International Maritime Council (BIMCO) has developed two bunker clauses to support the implementation of International Maritime Organization’s (IMO) sulphur 2020 regulations…
Diana Shipping Fixes M/V Maia with Glencore
The provider of shipping transportation services Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V.…
ICS Chairman Warns on Global Trade War
International Chamber of Shipping (ISC) Chairman Esben Poulsson has warned of the threats facing the global economy as US trade sanctions against China and other…
Global Ship Lease Bags New TC with CMA CGM
Containership lessor Global Ship Lease, announced a new time charter with ANL, a wholly owned subsidiary of CMA CGM, for the 2003-built, 2,207 TEU containership…
Myanmar's Oil Spill Preparedness
Myanmar is the latest country to benefit from International Maritime Organization (IMO)’s work to enhance marine oil spill preparedness and response in the ASEAN…
U.S. Flag Vessel Safety
Congressional and Agency Actions to Implement Changes to U.S.-Flag Vessel Safety Requirements Three Years after the M/V El Faro IncidentOctober 1, 2018 marked three years since the tragic sinking of the M/V El Faro – ranking as one of the worst maritime disasters in U.S. history and resulting in the highest death toll for a U.S. commercial vessel sinking in almost 40 years. Following this incident, both the National Transportation Safety Board (NTSB) and U.S.
Sunstone Orders More Cruise Ships in China
SunStone Ships continues to break new ground in the specialty/expedtion cruise sector with the announcement of the signing of an agreement to build another two Infiity class vessels in China. According to SunStone President and CEO, Niels-Erik Lund, “Our charterers are anxious to enjoy the advantages of our cutting-edge technology, like the Xbow design, along with the significant operating efficiencies offered by the INFINITY Class.
NBBB Delivers for Linblad Expeditions
Nichols Brothers Boat Builders (NBBB) was contracted by Lindblad Expeditions in December 2015, to construct two (2) new 100 guest passenger cruise vessels for exploratory cruising in Alaska; Baja, California; Pacific Northwest; Costa Rica & Panama, and Belize. Both vessels have joined the Lindblad Expeditions fleet.The first vessel, National Geographic Quest, was delivered in July 2017 and has voyaged to Alaska, Costa Rica and Panama.
U.S.-Listed Shippers Buoyed by Globus Maritime's Earnings
Shares of U.S.-listed shippers rose after dry bulk shipper Globus Maritime Ltd posted its first Q3 profit per share in four years. GLBS jumped 10.20 pct, Pyxis Tankers Inc soared 39 pct, nd EuroDry Ltd up 13.2 pct. GLBS says Q3 profit was helped by reducing operational costs by ~25 pct from the last quarter which did not hamper operations, and/or utilization of the fleet.GLBS also posted higher Q3 revenue helped in part by strong demand for dry bulk vessels.
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