Reports indicate that Hyundai Heavy Industries Co., said yesterday that it set in December a new record in the monthly output of large ship engines. Hyundai Heavy produced 17 large ship engines capable of generating a total of 890,000 horsepower last month, well above its previous record of 760,000 horsepower in June, the company said. The record is attributable to the company's expansion of its facilities, installation of new equipment and increased efforts to clinch orders, Hyundai said. December's engine output is more than three times the monthly average of 250,000 horsepower by Mitsui Engineering & Shipbuilding Co., Japan's industry leader, Hyundai said. Source: Hearald International Tribune
On July 3, 2003, a record 24 Panamax-sized vessels transited the Panama Canal. Nearly one million tons of cargo were transported through the Canal. Never before has the Canal broken two significant records in the same day. Recent Canal improvements and operational efficiencies have reduced Canal Waters Time (CWT), particularly important to transiting Panamax vessels and enhancing reliability. Over the past several months, the ACP has seen a significant rise in Panamax traffic.
The Manitowoc Company reported outstanding results for the quarter ended June 30, 2007, setting records again for net sales, earnings per share, and backlog. For the quarter, net sales totaled $1.019 billion, the first time that the company's quarterly revenue exceeded $1 billion, which is an increase of 37 percent from the second quarter of 2006. Reported earnings per diluted share were $1.53 for the second quarter of 2007 compared to $0.67 for the second quarter of 2006.
The Italian Company Costa Cruises and Fincantieri have together set record: for the first time ever, two ships have been launched the same day – the Costa Luminosa and Costa Pacifica, respectively the 13th and 14th members of the Costa fleet, which will both enter service next year. The Costa Luminosa, which will be able to accommodate 2,828 Guests and is 92,700 gross tonnage, was launched at Fincantieri’s shipyard in Marghera () in the presence of the Honorable Renato
Houghton Offshore has enabled the Transocean Sedco Forex to set a new world record for the deepest well drilled to date. The drillship Discoverer Spirit used a subsea blowout preventor (BOP), operating on a 2 percent mixture of Houghton Stack Magic 200 BOP fluid, as it drilled at 9,727 ft. below sea level in the U.S. Gulf of Mexico, surpassing the previous record of 9,687 ft. set earlier this year. "The previous world record had been set on that same drillship using Houghton's BOP fluid in
Sets New Records for Newbuildings & Class Transfers Classification society ClassNK has announced its official registration figures for 2012, revealing that the Tokyo-based society registered nearly a thousand vessels totaling more than 25 million gross tons in 2012. The announcement was made on 28 January 2013 following the January meeting of the ClassNK Classification Committee, which reviews and certifies all registrations and certifications made to the ClassNK register.
Lerwick Harbour, Shetland Islands, Scotland, logs best cruise season yet, with number of vessels visiting setting four new records. The records set in the 2012 season, which began in April and ended, Saturday 22 September, were 37,572 passengers, topping the previous highest figure of 30,843 in 2010. 52 cruise ships, beating last year’s record of 50. 1,531,097 gross tonnes of shipping, up on the previous record of 1,220,455 gross tonnes in 2010.
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that the ultra-deepwater drillship Dhirubhai Deepwater KG2 has set what the company believes is a world record for the deepest water depth by an offshore drilling rig of 10,194 feet of water while working for Reliance Industries offshore India. The rig, which is owned by a joint venture with Quantum Pacific Group, surpassed Transocean's prior record of 10,011 feet of water
Transocean Inc. said that the its jackup GSF Rig 127 set a world record for the longest extended-reach well ever drilled at 40,320 ft. (12,289 m) MD (measured depth) with a 35,770-ft. (10,902-m) horizontal section. The well was drilled offshore Qatar in 36 days and incident-free. The new record of 7.6 miles is also the first well in the history of offshore drilling that exceeds 40,000 ft. (12,191 m). The well surpasses by approximately 2,000 ft. the prior extended-reach record of 38,322 ft
Annual cargo volumes at the Port of New York and New Jersey beat the previous record by more than 10 percent, according to figures released by the port. The port said it handled 6,371,720 20-foot equivalent units (TEUs) (or 3,664,013 cargo containers) in 2015, an increase of 10.4 percent over the previous record set in 2014, allowing the port to maintain its position as the busiest on the East Coast with nearly 30 percent of the nation’s total market share.
Strong demolition has been a prominent feature of the shipping industry this year, as challenging market conditions continue to drive a significant supply-side response in a number of sectors, says Clarksons Research. Across the total shipping fleet
The Port of Grangemouth, Scotland’s largest container facility has enjoyed one of its busiest seasons, with over 50,000 TEUs (Twenty Foot Equivalent Units) being handled at the port in the last two months. This four-year high is the result of a buoyant fresh food export season utilising the
SEA\LNG, which works to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has welcomed two new partners, each representing key aspects of the LNG maritime value chain: ABS and Keppel Offshore & Marine’s Gas Technology Development.
The Scylax is designed to make developments available in the mid to deep–water market at reduced building and operating costs by providing fit-for-purpose capabilities. The key is to focus on the essential functionality for deep-water drilling
The Royal Institution of Naval Architects (RINA) has elected John Hatley PE, Vice President, Americas, and Director of Market Shaping, Wärtsilä Marine Solutions, as a Fellow of the institution. Candidates for election as a Fellow (FRINA) must have demonstrated exceptional
A record number of migrants have reached Italy by boat from North Africa in 2016, according to official data, as pressure on Italy's shelter and asylum systems grows. Italy has borne the brunt of new arrivals since the implementation in March of an agreement between the European
Georgia Ports Authority Executive Director Griff Lynch reported to the GPA board Monday fiscal year to date growth of 4 percent for loaded container traffic, moving 1.01 million twenty-foot equivalent container units, an increase of 40,545 TEUs compared to the same period in 2015.
A record year for containership demolitions in 2016 has helped suppress total fleet growth close to the rate for demand. To repeat that feat the scrapping record will need to be smashed again, and again. There are multiple ways to measure the vitality of the container industry
The U.S. Coast Guard marked the end of a record year in counterdrug operations as the crew of Cutter Waesche from Alameda, California, offloaded more than 39,000 pounds of cocaine in San Diego Thursday, October 27. The Coast Guard and its interagency partners removed more than 416
An American tuna fishing company that regularly unloaded its catch in American Samoa, was convicted and sentenced today for discharging oil into the South Pacific and for maintaining false records, announced Assistant Attorney General John C
The United Nations' shipping agency on Thursday set global regulations to limit the amount of sulphur emissions from vessels which will come into force from 2020. A session of the International Maritime Organization's Marine Environment Protection Committee in London set the new regulations
Clarksons Research says that there has been a rapid expansion in the world fleet over the last decade. However, the pace of growth has slowed dramatically in recent years. Generally more limited contracting and subsequently significantly lower delivery volumes combined with
Two German shipping companies that owned and operated the Motor Vessel (M/V) Nils B, pleaded guilty today to an environmental crime in federal court in San Diego before the Honorable Jan M. Adler, announced Assistant Attorney General John C. Cruden and United States Attorney Laura E. Duffy.
International Maritime Organization (IMO)’s Marine Environment Protection Committee (MEPC 70) is this week discussing proposals to adopt a mandatory regulation for ships to record and report their fuel consumption.
In the containership market today, Panamax sector, the charter rates rest at rock-bottom rates and the fleet is in steady and perhaps terminal decline, with scrapping at record levels. Is the battle now lost? A report by Clarksons Research.