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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


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


Gas Carrier Fleet Nears a New Milestone

Graph: Clarksons Research

 In the last two decades gas shipping sectors have been amongst the faster growing parts of the the world of global shipping industry, says Clarksons Research.   This week’s Analysis takes a look at how shipping’s ‘coolest’ sector has grown in prominence to become part of the mainstream, and some of the ups and downs along the way.   Gas (LNG and LPG) shipping may once have been considered by some as a relatively niche part of global shipping


Can Trump Make Coal Great Again?

File Image: a cargo of barged coal  makes its way on the U.S. inland river system (CREDIT: Inland Marine)

Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. But a small sub-section of the coal sector that mines metallurgical coal - a variety used by steel makers instead of


JNPT Liquid Cargo Terminal Handles Highest Crude Oil

Photo: Jawaharlal Nehru Port Trust

 Jawaharlal Nehru Port Trust (JNPT), India’s number one container port, created a major record on November 16, 2016, by loading 80,640 MT of ONGC crude oil on a large vessel ‘MT Desh Bhakta’, which was berthed at LB-01 of BPCL-run Liquid Cargo Terminal.   


Safe Sea Transfer of Technicians on Agenda

Photo: International Maritime Organization (IMO)

 Technicians working in the growing offshore alternative energy sector often need to be transferred to their place of work by sea.    This needs to be done safely and efficiently, and this week International Maritime Organization (IMO)’s Maritime Safety Committee (MSC) will


ExxonMobil Sees PNG LNG Producing at 16 pct Above Nameplate

Photo:  PNG LNG

 ExxonMobil expects to deliver 7.9 million tonnes of liquefied natural gas from Papua New Guinea this year, around 14 percent above nameplate capacity of its PNG LNG plant,  says a report in Reuter's quoting the company's PNG head.  


ASRY Woos Back Greek Major Owner

ASRY for the recent repair of ‘Cap Diamant’,   ASRY   Photo Cap-Diamant-web

ASRY has successfully brought one of the European tanker market’s biggest tanker fleet owners back to the yard. Euronav, the Greece-base owner, operator and manager of a fleet of 53 modern large tankers, chose ASRY for the recent repair of ‘Cap Diamant’, a  Suezmax tanker


MOL to Launch Biannual Vessel Safety Campaign

Photo: Mitsui O.S.K. Lines, Ltd

 Mitsui O.S.K. Lines, Ltd. (MOL) has announced the launch of its biannual safety campaign to begin on October 15, targeting all MOL group-operated vessels.   MOL views safe operation as a social commitment and gives it the highest of priorities in all of its business activities


Ready for take-off? - Drewry

Tab1e 1 Note 2016 data is up to 20 October only Source Drewry Maritime Research, derived from World Container Index

The recent rally in Asia to Europe spot market rates has improved carriers’ chances of securing higher 2017 contract rates. How much extra will shippers have to fork out? It has been another typically volatile year as far as the spot freight rate market (i.e


New Tug Deliverd to Boluda

(Photo: Robert Allan Ltd.)

Boluda Towage and Salvage has taken delivery of the newly built VB Xaloc, the first tug of the owner’s multi-boat order from Astilleros Zamakona and first of Robert Allan Ltd.’s TRAktor 3200-V class escort tugs.   The TRAktor 3200-V was designed by Robert Allan Ltd


LR Grants AIP for S-CO2 Power Generation System

The world’s largest shipbuilder Hyundai Heavy Industries (HHI) and a utility firm Korea Electric Power Corporation (KEPCO) have received an Approval in Principle (AIP) from Lloyd’s Register for a 2MW Supercritical CO2 (S-CO2) Power Generation System recovering waste heat of a


SNAME Honors Thordon's Sandy Thomson

SNAME honored Thordons Sandy Thomson. (Photo: Thordon)

At the opening session of the 2016 SNAME Maritime Convention in Bellevue, Washington, George A. (Sandy) Thomson was elected a Fellow of the Society of Naval Architects and Marine Engineers (SNAME).    According to the Society, the grade of Fellow is accorded exclusively to


Retrofitting Containerships - Where The Savings Are

Seaspan project: Independent model tests confirmed energy savings just shy of 20 per cent for the 13.100 TEU vessel. Photo: DNV GL

 Despite the low fuel prices, energy efficiency is a key differentiator for shipping companies competing for cargo.   The Canada-based owner Seaspan has worked with DNV GL on a series of projects aimed at investigating possible efficiency gains through retrofits


Finnlines Improves Profit despite Lower Revenues

File photo: Finnlines

Despite a dip in revenues during the third quarter and first nine months of 2016, Finland-based shipper Finnlines Group was able to improve profits for both bother periods by cutting expenses. The group’s €60.9 million result for January-September was about €20 million better


Hanjin Commences Layoffs

Photo: Hanjin Shipping Co.

 Hanjin Shipping Co.  has notified 560 shipping crew that their service with the company ends on Dec. 10, reports the Pulse. The rest of 2,000 on the company payroll are expected to get dismissal notice within next month.   


Robert Allan Designed Tug Delivered to Ocean Group

TundRA 3600 series icebreaking tugs designed by Robert Allan Ltd

On October 28th, 2016 the Ocean Group Inc. of Quebec City, Canada took delivery of the 6000 kW ASD tug Ocean Taiga. This icebreaking escort tug joins her sister Ocean Tundra as some of the most powerful tugs in the Canadian registry, part of a new generation of extremely capable tugs


Unexploded WWII Bomb Halts Ferries in Portsmouth Harbour

An unexploded World War Two bomb was found in Portsmouth Harbour on England's southern coast on Wednesday, halting traffic of cross-channel ferries at the port. The 500 lb bomb was discovered by a barge dredging the harbour ahead of the arrival of HMS Queen Elizabeth - the Royal Navy's new 65






 
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