A group of U.S. investors has reportedly picked Honduras as the site to build the world's largest ship, which it plans to turn into a floating city. The so-called "Freedom Ship," which may house more than 20,000 people once completed, will float around the Americas and other continents with passengers who will rent apartments or buy condominiums.
Dubai Maritime City has placed the first shiplift within its Industrial Precinct. Industrial Precinct of the City will incorporate two shiplifts manufactured by world-renowned shiplift specialist company, Hydraudyne Rexroth, said an official. One of the shiplifts will be 90 m long and 25 m wide and designed to lift vessels up to 3,000 tonnes while the other will be 140 m long and 30 m wide and designed to lift boats of up to 6,000 tonnes.
Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiaries, Keppel FELS Brasil S.A. and Estaleiro BrasFELS Ltda, has signed a Letter of Intent (LOI) with Sete Brasil Participações S.A. (Sete Brasil), for the design and construction of five additional semisubmersible (semi) drilling rigs based on Keppel's proprietary DSSTM 38E design. The aim of the LOI is to facilitate Keppel O&M's preparation work on these potential projects
Increasingly lower oil demand in the U.S. prompts tankship operators to look towards the China market. According to a BIMCO review, the tanker market is doing full steam ahead – not in relation to demand, earnings or actual operating speed, but in relation to structural demand changes in the West. At the epicentre of this is the world’s most thirsty oil consumer: the U.S. Not to be missed by anyone, the U.S. oil demand recorded a 16-year low in 2012. In 2005, the U.S. consumed 20
Head of the Delegation of European Commission (EC) Dr. Stefan Frowein said that the EC would provide necessary support to the local shipbuilders for letting them relatively stronger footing in the global market. The European Commission envoy made the remark during a visit to the Western Marine Shipyard Limited (WMSL) to oversee the progress of Danish order for three ocean-going vessels and the other facilities. The Western Marine
RFQ is First in Two-Step Process to Find Developers to Repurpose America’s Flagship. With all the buzz surrounding the 100th anniversary of the Titanic’s sinking, it’s full steam ahead to give the greatest American ocean liner a new lease on life as a 21st Century waterfront destination. The SS United States Redevelopment Project (SSUSRP) is proud to announce the release of a Request for Qualifications (RFQ) as part of an aggressive process to identify a
Registry also strengthens commitment to Asia. Protecting Seafarers’ interests Seafarers’ rights took a significant step forward after a “Declaration of Principles” agreement was signed which gives seafarers serving on Isle of Man-registered ships better living and employment conditions and pay. Formalising years of hard work to protect seafarers’ interests, the Isle of Man Ship Registry is proud to lead the signing of the tripartite agreement
Managers of Jamaica's delayed Port Royal Development Project expect to begin construction by year-end on a cruise ship pier central to the restoration of the one-time "wickedest city on earth." The Caribbean port earned the dubious distinction in the 17th century, when buccaneer Henry Morgan ruled the waves and made Port Royal his base. The infamy did not last long, as much of Port Royal disappeared under the sea in a massive earthquake in 1692
By David Tinsley, Technical Editor Liner shipping is traditionally a cyclical business, subject to dramatic peaks and troughs and sudden changes in fortune in individual trade lanes. Today's ebullience among all sectors of container shipping, including its various intermediaries, compares starkly with the situation in the latter part of 2001, when the market had hit a low point and the prophets of doom were out in force
Newport News Shipbuilding (NNS), a division of Huntington Ingalls Industries, is partnering with the City of Hampton to convert shipyard trash into steam power. As part of the new Single Stream Recycling Program, the shipyard's solid waste is incinerated at Hampton's award-winning steam plant facility and converted to steam through a process known as "waste-to-energy." The energy is then used to power NASA Langley Research Center (NASA LaRC) facilities.
The CMA CGM Group said it will retrofit 10 of its vessels’ bulbous bows to achieve improved energy efficiency for slow steaming. The modifications are in addition to the 15 CMA CGM ships that have already been retrofitted in 2013 and 2014.
RT Discovery, the first of the next generation Rotortugs, was delivered by Cheoy Lee Shipyards Ltd. to her new owner Elisabeth Ltd. in Malta. The new Robert Allan Ltd. designed 80 tons harbor/escort tug features the Rotortug propulsion configuration.
Mitsui Engineering & Shipbuilding Co., Ltd., (MES) has established service companies in Doha, Qatar and Ankara, Turkey, to perform after-sales service business, which includes supply of spare parts, repair and periodical overhauling maintenance, for MES manufactured industrial machinery.
ITIC has recommended that brokers place a post-fixture clause at the end of recap messages to reduce the chances of exposure to severe financial loss as a result of important messages being overlooked. The following wording was endorsed by FONASBA at its recent annual general meeting in
Ocean Installer’s said that it has established office in Perth, Australia to meet demand for subsea construction services. “This is the beginning of our presence in another promising region in line with Ocean Installer’s growth strategy
UAE-based Lamprell said that it completed construction of the second Caspian Sea jackup drilling rig, Mercury, for service in the Caspian Sea. "I am delighted to report that we have completed the second drilling rig for use in the Caspian Sea
As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.S. Maritime Trade -- are gaining steam. A new report from the Government Accounting Office (GAO) will surely add fuel
Since weld distortion is a very costly problem for U.S. shipyards, the National Shipbuidling Research Program (NSRP) has embarked on a project to reduce weld distortion through innovative Induction Heat process. A new welding process -- HiDep Arc Welding -- has been invented
Atlantic Pacific Marine has completed the $2 million refit of the Crystal Symphony three days ahead of schedule. A team of 130 men worked around the clock while she was drydocked in Hamburg during September. APM’s work scope included installing new ducting and GF pipework
Taiwan's CPC Corp is seeking a rare jet fuel cargo for delivery in November as it builds its heating fuel inventory ahead of winter, trade sources said on Monday. The company is seeking 40,000 kilolitres of jet fuel for delivery into Kaohsiung, Taiwan, one of the sources said.
Seaspan’s Vancouver Shipyards announced today it has completed volunteer repair work on the Steam Tow Boat Master (SS Master) as part of its $50,000 donation to the SS Master Society.
Mitsui O.S.K. Lines, Ltd. President: Koichi Muto) today announced the naming ceremony of 'LNG Venus', a newbuilding liquefied natural gas (LNG) carrier held at the Nagasaki Shipyard of Mitsubishi Heavy Industries, Ltd. (MHI; President: Shunichi Miyanaga; Headquarters: Minato-ku, Tokyo)
Mitsui O.S.K. Lines, Ltd. (MOL) announced that a naming ceremony for the LNG Venus, a newbuilding liquefied natural gas (LNG) carrier, was held at the Nagasaki Shipyard of Mitsubishi Heavy Industries, Ltd. (MHI). The vessel is under construction at MHI and will serve Osaka Gas Co., Ltd.
Orkot Marine Bearings, developed and manufactured by Trelleborg Sealing Solutions, contribute to the build of the world’s largest and most efficient containerships, the Maersk Triple E class family, built by Korea’s Daewoo Shipbuilding.
Oil pricing agency Platts plans to lengthen the loading period of North Sea crude cargoes it uses in its dated Brent oil benchmark to a full month starting next February. The move is part of efforts to boost liquidity and bolster the credibility of the global Brent benchmark in the face of