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Steam Ahead

Plans For World's Largest Ship Steam Ahead

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.


US Research Ships Ready to Cast Off in 2015

Arctic-bound Sikuliaq (Photo: U.S. National Science Foundation)

Two new U.S. research vessels are going full steam ahead: the U.S. National Science Foundation will formally commission its Arctic-bound Sikuliaq, and the Woods Hole Oceanographic Institution’s Neil Armstrong will begin science operations.  Live Science reports that two new U.S. research ships will take to the seas in the Arctic and Atlantic in 2015, allowing scientists around the world to explore the geology, biology and health of the oceans.


Dubai Maritime Receives Shiplift Platform

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.


EC to Support Bangladeshi Shipbuilders

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


Keppel to Build Five Semis for $4.12 Billion for Sete Brasil

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


Why Tankship Trade to U.S. is in LImbo

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


Jamaican Cruise Port Development Steams Ahead

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


The Containership Market: Full Steam Ahead?

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


Isle of Man Ship Registry Backs Seafarers’ Rights

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


SS UNITED STATES Project Releases RFQ

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


Kiwi Joins Volvo Ocean Race Crew

Stu Bannatyne (Photo by Team Alvimedica)

 Kiwi Volvo Ocean Race veteran Stu Bannatyne has joined Team Alvimedica for leg five of the race from Auckland to Brazil, says a statement from the Team.   Bannatyne has done the Volvo Ocean Race six times, winning three of them.  


SC Ports Report Cargo Volume Growth

Photo: SC Ports Authority

SC ports achieves second consecutive month of 18 percent volume growth; port education program builds understanding, awareness of maritime industry    February marked the second consecutive month of 18 percent container growth at the SC Ports Authority


Statoil Appoints COO

Anders Opedal

  Anders Opedal is appointed executive vice president and takes on a new position as chief operating officer (COO) in the corporate executive committee (CEC) of Statoil as of 1 April. Opedal will be responsible the corporate improvement programmes and for driving operational efficiency


Norway Supports Statoil, Rosneft JV

Photo pixabay.com

  Norwegian authorities have given the Stavanger-based energy giant Statoil the go-ahead on joint projects with Rosneft, a Russian oil titan that was the target of Western sanctions in 2014. Statoil and Rosneft previously agreed on four projects to explore and produce oil on the Russian


Shell Eyes Arctic Drilling this Summer

(Photo: Shell)

Oil major Shell wants to revive its Arctic oil drilling programme this year after a near two-year suspension, angering environmentalists who say the risk of an oil spill is too high. Remote and costly to develop, the Arctic is estimated to contain 20 percent of the world's undiscovered


DP World's Volume Up 8.9%

Logo

  DP World Limited handled 60 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during 2014, with gross container volumes growing by 8.9% on reported basis and 8.0% on a like-for-like1 basis. New volume at London Gateway (UK) and Embraport (Brazil)


Sri Lanka Backs China Port City Deal After Threat to Cancel

Sri Lanka's cabinet said on Thursday it would allow a $1.5 billion "port city" deal with China to go ahead, apparently dropping its earlier threats to cancel the project, approved by the last government. Cabinet Spokesman Rajitha Senaratne said new President Maithripala Sirisena would


Lund to Start Earlier as BG Group Chief

Helge Lund

  BG Group plc informed today that Helge Lund will join the Company as Chief Executive and an Executive Director with effect from February 9, 2015.  This is ahead of the previously announced start date of March 2, 2015. Lund’s start date has been brought forward following


Scepticism, Confusion over Australia Submarine Tender

Officials in Australia and Japan on Monday expressed scepticism and confusion over a pledge by Prime Minister Tony Abbott to give an Australian state-owned shipbuilder the option to tender for a major submarine contract, heightening the uncertainty around the project.


Libya's Hariga Oil Port Reopens After Strike

Libyan oil export port Hariga has reopened after guards ended a strike over salary payments, and the terminal will start loading tankers once better weather allows, a facility spokesman said on Tuesday. Libya shut most operations at the eastern port, located near the border with Egypt


Keppel FELS Delivers Largest Rig to Maersk

Maersk Integrator Photo courtesy Keppel Offshore & Marine

Keppel FELS Limited has delivered the ultra-harsh jackup rig, Maersk Integrator, to Maersk Drilling, a wholly owned subsidiary of A.P. Moller - Maersk A/S, thirty days ahead of schedule, on budget and with a perfect safety record. The rig was named at a ceremony today in Keppel FELS by Ms


Duke Energy Fined for Environmental Violations

  Duke Energy Corp has agreed to pay a fine of about $102 million for environmental violations related to a power plant's coal ash spill into a North Carolina river last year and the company's management of coal ash basins in the state.


Maersk Posts Record Profit Despite Pressure in Shipping Rates

Courtesy: Maersk Line

 Maersk Line has reported a profit of $2.3bn for 2014 a 50% increase over the previous year, and expects a higher result in 2015, though the shipping rates remain under pressure.   But 2015 is expected to yield less impressive results due to falling oil prices


Indian Ports to Set Sail on Corporatization

Image: Indian Ports Association

 Indian Finance Minister Arun Jaitley said in Union Budget 2015 that government-run ports in India will be encouraged to corporatize and become companies under the Companies Act.    In an attempt to professionalize Indian ports


More MERUS Rings for MS Rotterdam

Image: Pronomar

Pronomar has installed two additional MERUS rings on board Holland America Line’s MS Rotterdam, this time in the wellness area for the steam generators.   The order follows the installation of four MERUS rings in May and June 2014 on the cruise ship at various applications in the






 
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