Marine link


Global Completes Securities Filing

Global Industries Ltd. filed to sell from time to time up to $500 million in debt securities, common and preferred stock, depositary shares and warrants. Net proceeds will be used for general corporate purposes, which may include debt repayment, capital expenditures, future acquisitions and additions to working capital, the company, based in Lafayette, La., said in a shelf registration filing with the Securities and Exchange Commission.

Téllez Elected to Board at Global Industries

Luis Téllez has been elected to the Global Industries, Ltd. Board of Directors of the Company effective March 31, 2003. Téllez is Executive Vice-President and Chief Executive Officer of DESC, S.A. de C.V., a diversified industrial conglomerate and one of Mexico’s largest corporations. Prior to his association with DESC, Téllez served as Mexico’s Secretary of Energy from 1997 until 2000. He served as Chief of Staff to President Ernesto Zedillo from 1994 to 1997

LNG Ship Sails off Shipyard

According to Xinhua, China's first liquefied natural gas(LNG) ship sailed off shipyard Wednesday in Shanghai, marking China's shipbuilding industry stepping into a new era. Sources from the China State Shipbuilding Corp (CSSC) said the LNG ship was built by CSSC's Shanghai subsidiary, the Hudong-Zhonghua shipbuilding (Group) Co Ltd, which fills a blank in China's shipbuilding history. The LNG ship is regarded a high-tech product with high-added value in the shipbuilding industry

Hyundai Heavy, Baoshan Sign MoU

Hyundai Heavy Industries Co., Ltd. disclosed that it had signed a Memorandum of Understanding with Baoshan Iron & Steel Co., Ltd. to import wide and heavy plates for shipbuilding. Hyundai Heavy Industries plans to import 180,000 tons of steel plates from Baosteel yearly. Both declined to disclose the price of the deal to keep trade secret. Hyundai Heavy Industries said that the price was lower than that offered by Japanese steelmarkers and a South Korean report said that South Korea would

China Tightens Shipbuilders' Credits: Singapore May Benefit

Singapore's Keppel Corp Ltd and Sembcorp Marine Ltd, the world's top offshore rig-makers, stand to be among the winners through Beijing's moves to tighten credit amid a downturn at China's shipyards, reports Reuters. The two companies have been under mounting pressure from Chinese yards offering generous payment terms, price discounts and help with financing, but that may be changing after Beijing pledged to cut credit to industries plagued with overcapacity

Dalian to Produce and Sell Kappel Propellers in China

Photo: MAN

Dalian propeller deal coincides with order involving the world’s largest car carriers On August 30, 2013 MAN Diesel & Turbo signed an agreement regarding the production of its Kappel propeller portfolio with Dalian Marine Propeller Co., Ltd (DMMP) – part of the China Shipbuilding Industry Corporation (CSIC) Group – at its facility in Frederikshavn, Denmark. The deal allows DMMP to produce and sell MAN Alpha Kappel design propellers in China.

Zim to Buy Eight Ships for $1.36B

Israel Corp. subsidiary Zim Integrated Shipping Services Ltd. said it had placed an order to purchase eight mega container ships from the South Korea’s shipyard Samsung Heavy Industries Co. Ltd. The deal, valued at $1.37b, ($170m each) comes six weeks after Zim Integrated Shipping Services Ltd. announced its plan to upgrade its container vessels fleet. The company had ordered eight TEU 12,600 mega containership for delivery by July 2012

Five Shipping Lines Agree to Form Alliance

Through its U.S. General Agent, Solar International Shipping, Yang Ming Line announced that five major Asian steamship lines have agreed to form one of the largest cooperative international sea container transport efforts among steamship lines. The new alliance for a cooperative worldwide network will consist of: COSCO Container Lines Ltd., Kawasaki Kisen Kaisha, Ltd. (K-Line), Yang Ming Marine Transport, Hanjin Shipping Co., Ltd., and Senator Lines GmbH.

YMD of China Completes First Mitsubishi-UE Engine

Yichang Marine Diesel Engine Co., Ltd. (YMD), a group company of China Shipbuilding Industry Corporation (CSIC), has completed production of its first Mitsubishi-UE low-speed marine diesel engine under a technology licensing arrangement with Mitsubishi Heavy Industries, Ltd. (MHI). YMD, located in Yichang, Hubei Province, is expected to complete three more Mitsubishi-UE engines within this year, with plans calling for progressive expansion of engine production going forward.

Singapore's Transport Minister to Speak at LISW 2015

Minister for Transport Mr Lui Tuck Yew Courtesy Singapore Transport Ministry

London International Shipping Week 2015 (LISW) is delighted to announce that Mr Lui Tuck Yew, Singapore’s Minister for Transport, has confirmed that he will speak at the official LISW Conference on 10th  September 2015 at the Grosvenor House Hotel on London’s Park Lane.   Mr Lui Tuck Yew will speak in the session on: “National, Supranational and Global Governance – The role of governments in a global maritime industry: Should governments lend their support

Container Shipping Industry Calls for Climate Action

Pic: Business for Social Responsibility

 Members of BSR’s Clean Cargo Working Group (CCWG) have agreed on a climate action statement and call to action for the container shipping sector and its value chain to support private-sector contributions for the global goals on climate change.   

Hanjin Talks on Long Beach Sale

Photo: Hanjin Shipping Co Ltd

 Hanjin Shipping Co Ltd is in talks to sell its stake in the Long Beach Terminal in California to Geneva-based Mediterranean Shipping Company S.A.(MSC), reports Reuters.   The court overseeing Hanjin's receivership says the company is negotiating with MSC

GasLog Orders New LNG Carrier from SHI

Photo courtesy GasLog

 GasLog Ltd. today announces that it has signed a time charter party with Centrica plc. ("Centrica") to charter a vessel for a period of seven years. The vessel, a 180,000 cubic meter LNG carrier with XDF propulsion, has been ordered from Samsung Heavy Industries

Inmarsat’s LISW17 set stage for Digital future of Maritime

Image courtesy LondonInternational Shipping Week2017

Inmarsat has announced plans in support of its diamond sponsor commitment for London International Shipping Week, 11-15 September 2017 (LISW17) by staging three key events focusing on the maritime industry’s digital future. To coincide with the official launch of LISW17 on October 19th

Seaborne Trade’s Key Role

Graph: Clarksons Research

 Shipping plays a major role in the world’s industries, facilitating the transport of large volumes of raw and processed materials. Clarksons Research takes a look.   However, the maritime sector forms a much more important part of the global supply chain for some commodities and

SeaBird Exploration: 2D Long Offset in Belize

Northern Explorer  Photo: SeaBird Exploration Group

 SeaBird Exploration, a provider of seismic data to the oil and gas industry, will acquire a long-offset survey offshore Belize.   "We are pleased to announce that the company will acquire a long-offset survey in Belize, starting mid-October 2016

Twiflex to Debut New TLB System at WorkBoat

Twiflex will launch its new TLB (Turning, Locking and Braking) system at WorkBoat International (Booth #116). (Image: Twiflex)

Twiflex Ltd., a supplier of brakes and clutches to the marine industry, said it will launch its new TLB (Turning, Locking and Braking) system at WorkBoat International, November 30 to December 2, 2016 in New Orleans.   Originally designed in-house by Twiflex

Why Do Accidents Happen in Oil Industry?

Photo: DNV GL

 As the oil and gas industry strives for cost effective execution in projects and operations while maintaining a high focus on safety and environmental footprint, innovative and smart solutions are needed more than ever.    By extracting data and knowledge from all the detailed

Hyundai Mulls Bid for Hanjin Assets, Routes

Photo: Hanjin Shipping

Hyundai Merchant Marine is considering bidding for its bigger local rival Hanjin Shipping Co.'s Asia-U.S. route, reports Yonhap.   Hyundai Merchant, currently under a creditor-led debt restructuring scheme, is planning to submit a preliminary bid for Hanjin Shipping's route

LNG Sector Ready to meet Industry Demand

Peter Keller Photo SEALNG

Ahead of the 70th Session of the IMO’s Marine Environment Protection Committee (MEPC), the cross-industry coalition 'SEA\LNG' has highlighted the ability of the liquefied natural gas (LNG) sector to meet the future emissions requirements of the global shipping industry.

ICS Letter to Canadian Transport Minister

Peter Hinchliffe (Photo: ICS)

ICS Secretary General Peter Hinchliffe reaches out to the Canadian Transport Minister in a letter this week. The text of that letter follows below:   Dear Minister Garneau,   I am writing on behalf of the International Chamber of Shipping (ICS) which is the principal global trade

LR, SCC Release Low Carbon Pathways 2050 Study

Photo: Lloyds Register

Lloyd’s Register (LR) and Shipping in Changing Climates, a $4m multi-university and cross industry research project funded by EPRSC, have today released Low Carbon Pathways 2050 – a new study that details a number of potential pathways for the shipping industry’s transition to a

Shipping Industry United on CO2 at IMO Meeting

In advance of next week’s critical meeting of the Marine Environment Protection Committee (MEPC 70) at the International Maritime Organization (IMO) in London, the global shipping industry has called on IMO Member States to give serious consideration to a joint industry submission regarding

'We Will Not Stand by and Wait for Global Regulation' -Maersk Line

Photos: Maersk Line A/S

 Shipbreaking has become commercial due to the recycling of steel becoming a global commodity in demand. This means that the dismantling and recycling of a ship are recognized as part of the value of the ship, which has evolved into a massive challenge for the shipping industry.

ClassNK Issues AIP for LNG Bunkering Vessel Design

(Pictured l-r) ClassNK : S. H. Lee, H. Takesue, J. B. Jeong, T. Nishibashi (Country Manager of Korea) / Hanjin Heavy Industries & Construction Co., Ltd.: C. S. Lee (Technical Director), K. C. Lee, J. K. No. (Photo: ClassNK)

Classification society ClassNK has issued Approval in Principle (AIP) for a 7,500 cbm LNG bunkering vessel designed by Hanjin Heavy Industries & Construction Co., Ltd. This design is the result of joint research carried out by Hanjin Heavy Industries & Construction Co., Ltd

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