Marine Link
Friday, March 29, 2024
SUBSCRIBE

Positive Solution News

17 Mar 2021

Panama Asks IMO for Help in China's Coal Carrier Dispute with Australia

© Zdenar Adamsen / Adobe Stock

Panama is urging the International Maritime Organization (IMO) to step in to help stranded seafarers and shipowners wrapped up in a trade dispute between China and Australia.Some 74 vessels loaded with Australian coal and more than 1,500 mariners are currently idled in Chinese ports and waters after Beijing last year placed an unofficial ban on imports from Australia, reportedly in retaliation for Canberra's call for an international probe of the origins of the coronavirus pandemic.

30 May 2019

Gothenburg Port Reaches Major Milestone

According to the Port of Gothenburg, an important milestone is reached in the largest development project at the Port of Gothenburg in 40 years.The first phase of the water-based work has now been completed and construction of the 220,000 square metre terminal is due to move on to the next phase. The terminal is expected to be completed by 2025.Construction of the brand-new terminal at the Port of Gothenburg got under way in autumn 2018. Phase one of the construction began with stabilisation work. This involved the sinking of 1,500 piles into the seabed, down to bedrock level, in the lead-up to construction of the rock embankments around the Arendal bay.“It is extremely exciting to finally get off the mark in the biggest development project at the port since the 1970s…

25 Jul 2014

Eliminating Cat Fines to Marine Diesel Engines

One can assume that P&I Clubs and shipowners would be very interested in preventing catastrophic Cat Fines damage to diesel engines. Cat Fines have been damaging marine diesel engines for more than 50 years. Only recently, with the increased use of Low Sulphur Fuel Oils has the catastrophic damage from Cat Fines increased drastically. For decads, centrifuges builders have been searching for the latest solution. The only way to prevent the accelerated wear of Cat Fines is to (positively) remove them before the diesel engine. Over the years, many companies have tried, and many have failed – until now. JB Filtration, LLC said it has developed, long term tested and documented a positive solution to Cat Fines Removal from the HFOs.

28 Nov 2001

Aker Maritime and Kvaerner Reach Agreement on a Solution

Kvaerner today announced that it has reached agreement with its largest shareholder, Aker Maritime, on a comprehensive industrial and financial solution for the Kvaerner Group. Kvaerner Oil & Gas. It builds on the principles of the modified Yukos plan presented by Aker Maritime last week. Yukos Oil, has announced its support for the new solution. * A merger of Aker Maritime and Kvaerner Oil & Gas. Aker Maritime is valued at NOK 3.6 billion, including NOK 800 million in debt. issues. * A Directed Equity Issue of at least NOK 2 billion. book-building. * A Rights Issue for Kvaerner shareholders, as of December 14. per share as the directed Equity Issue. The agreement between Aker Maritime and Kvaerner involves the merger of Aker Maritime's core operations with those of Kvaerner Oil & Gas.