India: Recycling of Ships Bill Becomes an Act
The Recycling of Ships Bill 2019 for safe and environmentally sound recycling of ships in India has become an Act after receiving the assent of President of India.The…
Top Ships Secures Loan for 2 MR Newbuilds
TOP Ships has entered into an agreement with a major Chinese financier in relation to financing of up to $60.2 million for its recently acquired vessels.The Greece…
Iran-Muscat Ferry Soon
A direct Chabahar-Muscat ferry line between Iran and Oman is planned to resume operation within a month, said Iran's official news agency.Ferries with the capacity…
Asia Boosts IMO Technical Cooperation
The International Maritime Organization (IMO), Thailand’s Ministry of Transport and the United Nations Economic and Social Commission for Asia (UNESCAP) have recently…
ARISE Mauritania Picks Kalmar Equipment
Kalmar, the provider of cargo-handling solutions and equipments to ports and terminals, has concluded an agreement to supply a suite of yard crane and mobile equipment…
Antwerp Port Achieves Record for 7th Year
The Port of Antwerp has seen significant growth for the seventh year in a row, with freight volume up 1.3% to 238 million tonnes. Although some segments are under pressure…
MOL Secures Green Loan for LNGBV
Japanese shipping giant Mitsui O.S.K. Lines has signed its first green loan, which it plans to use to partially finance the construction of the world's largest liquefied…
DMC Delivers Rudders to Chinese Yard
Netherlands-based Damen Marine Components (DMC), which specializes in the design and production of rudders, has completed the supply of nine Van der Velden ATLANTIC…
OSVs: Rising Tide Won't Lift All Boats
The offshore supply vessel (OSV) industry has emerged from its 2017 trough, thanks in large part to a slight shrinkage of the active fleet, a string of debt restructurings, improved cost management, and an uptick in drilling activity in a few regions. The industry is far from healthy, though, and the climb back to financial well-being will likely be long and unsteady. Not every operator will survive.
Ferry Stena Estrid Completes Sea Trials
Stena Line’s "next-generation" ferry Stena Estrid has arrived in Holyhead after completing sea trials and a five-week, 10,000 mile journey from China to the Irish Sea where she will begin service early next year on her inaugural route from Dublin to Holyhead.Designed by Deltamarin and constructed at the China Merchants Jinling Shipbuilding Weihai Shipyard in China, Stena Estrid is the first of Stena…
Armstrong Bags Hat Island Ferry Contract
Boatbuilder Armstrong Marine USA has been selected to construct a custom passenger ferry for the community of Hat Island, Washington.The 49-passenger USCG Subchapter T vessel features a galley, head, Northern Lights 9kW generator, Garmin/NMEA electronics package, and PA system. Vessel completion is slated for Fall, 2020.
Hawaii Congressman Introduces Anti Jones Act Legislation
Hawaii Congressman Ed Case has introduced three bills in Congress to reform Merchant Marine Act of 1920 (commonly referred to as the Jones Act), which he states “artificially inflates the cost of shipping goods to Hawaii”.Case’s three measures and their proposed amendments to the Jones Act are:the Noncontiguous Shipping Relief Act, which exempts all noncontiguous U.S. locations, including Hawaii, from the Jones Act…
UAS Announces New Marine Transportation Scholarship
As tourism increases so will the demand for trained, licensed employees and sea pilots navigating the Inside Passage and a new University of Alaska Southeast (UAS) scholarship endowment was inspired to do just that.The Captain Michael A. Clinkscales Maritime Scholarship has been established to support UAS students enrolled in marine transportation courses. Fellow sea pilots led the cause to raise more than $38…
HHI Receives AIP for Bulk Carrier Design
Hyundai Heavy Industries (HHI) has announced that it recently received the Approval in Principle (AiP) for the design of a capesize bulk carrier with type C LNG fuel tank made of POSCO’s high manganese steel and fuel gas supply system from DNV GL and Liberian International Ship & Corporate Registry (Liberian Registry).The hand-over ceremony was held at HHI’s Seoul office and attended by senior officials from HHI…
Ardent Refocuses Strategy, Relocates to Netherlands
Ardent has announced a refocus of its strategy and a relocation of its headquarter.Ardent will refocus its strategy away from decommissioning towards its core business…
UK Navy Warship Captures $4 mln of Drugs in Gulf of Oman
Britain's Royal Navy said on Monday one of its warships had helped to seize a batch of crystal meth worth more than 3.3 million pounds ($4.3 million) from smugglers in the Gulf of Oman.HMS Defender, a destroyer based at Portsmouth, southern England, sent a party to search a suspicious dhow as it conducted reconnaissance in the northern Arabian Sea.Royal marines discovered on the dhow 11 mailbag-sized sacks carrying drugs weighing 131 kg (288 lb) in total…
Pon Holdings 100% Owner RH Marine Group
Pon Holdings announced that it intends to take over Parcom Capital's majority share in RH Marine Group. With this transaction, Pon Holdings will become 100% owner of RH Marine Group. The proposed acquisition is pending approval of competition authorities and involved works councils. The parties involved aim to complete the acquisition before the end of January 2020.RH Marine Group is a holding company consisting of three well-established companies: Radio Holland Group (Rotterdam)…
Baltic Index Falls, Vessel Rates Drop
The Baltic Exchange's main sea freight index continued its losing streak on Monday, falling to its lowest in more than six months as demand across vessel segments dropped.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 20 points, or 1.8%, to 1,103, its lowest since June 17.* The main index was down for a fourteenth-straight session.* The capesize index dipped 4 points…
Chantier Davie Pre-qualified under Canada's NSS
The Government of Canada announced East Coast shipbuilder Chantier Davie has pre-qualified to become the third strategic partner under the National Shipbuilding Strategy (NSS), a long-term, multibillion-dollar program to renew the Canadian Coast Guard and Royal Canadian Navy fleets.Back in May, Canada’s Government announced its intention to add a third Canadian shipyard as a partner under the NSS, and on August 2…
Bourbon Assets Taken Over by Creditor Banks
French marine services group Bourbon Corporation, which has been in a court restructuring process after its business was hit by volatile energy markets, said its assets would be taken over by its creditor banks.Bourbon said the Marseille commercial court had ruled that Bourbon's assets would be transferred to Société Phocéenne de Participations (SPP) from Jan. 2, 2020.SPP is owned by BNP Paribas, Caisse Régionale de Crédit Agricole Mutuel Alpes Provence…
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