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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


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


MOL President Reports Slack Performance

President, Koichi Muto

MOL President, President, Koichi Muto reported that the performance of the company was slack.   Muto reported, "I am sad to report that our business performance fell short, and we could not achieve our initial target of ¥70 billion in consolidated ordinary income. Taking a serious look at ourselves in light of these results, I think our highest priority is to swiftly alter the course of the midterm management plan by decisively implementing measures already started in each


Evergas Acquires first Multigas LNG vessels

Courtesy Evergas

  Evergas’ latest additions to its fleet, two ‘dragon class’ 27.500 cbm multigas LNG carriers, were successfully named today at a ceremony at the Sinopacific Offshore & Engineering (SOE) shipyard in Qidong, China. The state-of-the-art carriers were named JS INEOS


Argentinian Center Installs Engine Room Simulator

Engine Room Simulator ERS 5000 TechSim at the Center for Marine Engineer Officers and Chief Engineers in Buenos Aires, Argentina.

  Buenos Aires, Argentina. Transas Marine has delivered its leading Engine Room Simulator ERS 5000 TechSim to the Center for Marine Engineer Officers and Chief Engineers in Buenos Aires, Argentina. The Center for Marine Engineer Officers and Chief Engineers is the corporate and trade


MHI, MHPS in Consolidation Mode for Enhanced Competitiveness

Nagasaki Shipyard and Machinery Works

  Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) have planned to reorganize their  their Nagasaki Shipyard & Machinery Works and Nagasaki Works respectively. The coordinated decisions are aimed at further strengthening global competitiveness


Carrier for Kansai Electric Power Named LNG FUKUROKUJU

LNG FUKUROKUJU

  Mitsui O.S.K. Lines, Ltd. today took part in a naming ceremony for the newbuilding liquefied natural gas carrier LNG FUKUROKUJU, which is co-owned by MOL and Kansai Electric Power Co., Inc. at Sakaide Works of Kawasaki Heavy Industries, Ltd.


Chevron: No Production Impact from US Gulf Storm

Chevron Corp has evacuated some workers not essential to oil production from its Gulf of Mexico operations as a low-pressure storm system moves through the basin, but output has not been affected, the company said on Monday.   Royal Dutch Shell on Monday said it was still evacuating


Great Lakes Ore Trade Up in May

Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.6 million tons in May, an increase of 53 percent compared to ice-impacted April, and 4 percent better than a year ago and the month’s 5-year average, according to the Lake Carriers’ Association (LCA)  


Jasper Ocean Terminal Budget Approved

Georgia and South Carolina port authorities to each contribute $1.25 million to Jasper Ocean Terminal’s 2016 budget   The Jasper Ocean Terminal (JOT) board of directors met earlier this week to solidify a budget and work plan for FY2016 as well as review work completed during the 2015


Unmatched Value: How can we not afford to build the Ford Class Aircraft Carrier?

The aircraft carrier Pre-Commissioning Unit (PCU) Gerald R. Ford (CVN 78) is moved to Pier 3 at Newport News Shipbuilding Nov. 17, 2013. (US Navy photo)

The nuclear powered aircraft carrier (CVN), with its embarked carrier air wing (CVW), is the only maritime force capable of executing the full range of military operations necessary to protect our national interests. From deterrence, to humanitarian assistance, to large-scale combat operations


Varun Splits into Two

Image: Varun Shipping Co. Ltd

 Mumbai-based shipping firm Varun Shipping Co. Ltd  will be split into two listed entities after the Bombay high court approved a demerger scheme.   The Company announced that according to the Composite Scheme of Arrangement and Amalgamation


BAM Completes LNG Terminal in Aqaba, Jordan

The Aqaba New Liquefied Natural Gas (LNG) Terminal by BAM International. Pic by Aqaba Development Corporation (ADC).

 BAM International has completed its €65 million project to construct the Aqaba LNG terminal for Aqaba Development Corp. (ADC).    The operating company of Royal BAM Group handed over the project on 23 June, two months ahead of schedule.  


Bergen Shetland Race Yachts at Lerwick

Yachting at Lerwick

  The yacht Serenity, skippered by Fridtjov Bergmann, proudly flies the Bergen Shetland Blue Ribbon as first to finish this year’s race across the North Sea from Norway. He later received Lerwick Port Authority's trophy for first yacht over the line, at 20:56 hours on Thursday


MOL Renames Group Ship Management Co.

Logo

  Mitsui O.S.K. Lines, Ltd. announced today that effective July 2, its wholly-owned ship management company for dry bulkers, New Asian Shipping Company, Limited is renamed to MOL Ship Management (Hong Kong) Company, Limited. MOL Ship Management (Hong Kong) Company


PPG Debuts New Antifoulings

Photo courtesy of PPG

Low-friction, self-lubricating coatings use patented technology to deliver reduced fuel consumption and improved tolerance to idle time.   PPG Protective and Marine Coatings announced the launch of SIGMA SAILADVANCE, a new range of antifoulings suitable for a variety of operating conditions


2 STS Cranes Commissioned at Flinders ACT

Two new ship-to-shore cranes installed at Outer Harbor

  Two new ship-to-shore container cranes have been fully commissioned at Flinders Adelaide Container Terminal, Outer Harbor. The new cranes, which cost $24 million, are essential for South Australia to secure the direct shipping services needed for the State's exports to remain


Maersk Discoverer Finishes Well Ahead of Time

Semi-sub Maersk Discoverer drilled deepest well ever in Egypt

  In the beginning of May, the crew on Maersk Discoverer reached a great milestone when they finalised their latest well two months ahead of time. The well was another East Nile Delta success for BP, discovering 50 m of gas pay in high-quality Oligocene sandstones.






 
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