Bollore Under Formal Investigation in Africa Graft Probe
A French judge on Wednesday placed tycoon Vincent Bollore under formal investigation over allegations his company undercharged for work on behalf of presidential candidates in two African nations in return for port contracts.Bollore's company, Groupe Bollore, announced the decision by Judge Serge Tournaire, which came after Bollore had been questioned for two days by French fraud police.Bollore, whose logistics empire is a powerhouse in former French colonies across West Africa…
New App Helps Ship Owners Comply with Fuel Regs
Bureau Veritas has introduced the first phase of My Fuel Consumption, a cloud-based and secure web application for desktop, mobile and tablet that aims to make compliance easy, with a digitized process throughout the various steps of IMO-DCS (declaration of fuel consumption) and EU MRV regulations (CO2 emissions).All ships of 5,000 GT and above must submit IMO-DCS plan to receive a confirmation of compliance…
Singapore Awards Another $1.1 Bln for Mega-port Project
Singapore's Bunker Market Rallies
The Singapore fuel oil market has rallied this week as inventories have dropped at the same time that some supplies in the region do not meet the standards for use as shipping fuel, further reducing the amount of supply available, five trade sources said.Cash premiums for 380-centistoke fuel oil, which is primarily sold for ship fuel, known as bunker fuel, have soared this week to the highest since May 2017.
Eni Staying in Cyprus Despite Island's Standoff with Turkey
Italy's Eni will not relinquish its interests in Cyprus, its CEO said on Wednesday, as an uneasy standoff between Turkey and the Mediterranean island lingered over…
Yacht Manager Aquited of Manslaughter Charges
The director of a yacht management firm was cleared of manslaughter charges bought on by the death of four sailors in 2014.Four U.K. men – two in their twenties…
Crooker Named VP at Ingalls Shipbuilding
Eric Crooker has been promoted to vice president of contracts and pricing for Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division.Effective immediately, Crooker will have overall responsibility for contracts, estimating and pricing, and export/import licensing and compliance for the Ingalls shipyard and will report to Tom Stiehle, Ingalls’ vice president, business management, and chief financial officer.Crooker succeeds Don Perkins…
Maersk to Trial AI-powered Situational Awareness Technology
Danish shipping giant A.P. Moller-Maersk will be the first in the world to trial artificial intelligence (AI) powered perception and situational awareness technology on a containership.Under a deal signed with Boston-based Sea Machines Robotics, Maersk will install computer vision, Light Detection and Ranging (LiDAR) and perception software aboard one of its new-build Winter Palace ice-class containerships.Sea Machines said its solution uses AI to improve at-sea situational awareness…
Fast Ferry Launched for Angolan Transport Ministry
In a ceremony held at Damen Shipyards Singapore on April 19, His Excellency, Dr. Augusto da Silva Tomás, Minister of Transport for the Republic of Angola officially launched the new Damen Fast RoPax Ferry 4812 ordered by the Ministerio dos Transportes through IMPA (Instituto Marítimo e Portuário de Angola).The vessel will be operated by TMA Express (Transporte Marítimo de Angola) and operate on Angola’s Atlantic coastline between the capital Luanda and Cabinda…
Apply Now for the MN 100
Each year the August edition of Marine News magazine, the leading voice in the North American workboat market, features the very best 100 leaders and innovators, including workboat owners and operators, builders, OEMs and repairers, and product and service providers.This year's MN100 edition application portal is live and open. Participation is free, but to be considered you must apply at http://mn100.maritimemagazine.com/.
Sembcorp Marine Outlook Subdued on Q1 Profit Slump
Singaporean rig builder Sembcorp Marine Ltd said on Wednesday first-quarter profit fell 86 percent, and signaled a subdued outlook for orders and business volumes.Sembcorp Marine said profit came in at S$5.3 million ($4 million) for the three-month period ended March, compared with S$37 million in the same period a year ago.The year-ago profit was boosted by an one-off gain from the disposal of Sembcorp…
Cargo Ship Collides with Dock in Rosario
A cargo ship collided with a dock on the Parana River in Argentina's grains hub of Rosario on Wednesday, causing a slowdown of activity at terminal 6 in the port…
Wärtsilä Signs MoU to Promote Maritime Technologies in Singapore
Wärtsilä has partnered with the Maritime and Port Authority of Singapore (MPA) to promote maritime innovation and R&D. The partnership covers four different streams: digital acceleration, cyber-physical security, intelligent vessel and port operations. Wärtsilä and MPA have also agreed to support and leverage start-ups and small and medium enterprises in Singapore in these four streams.“This partnership with MPA is a great example of how combining digitalization ecosystems thinking…
Subsea 7: Offer Could Change if McDermott Cooperates
Norwegian offshore oil services firm Subsea 7 is open to potentially sweetening its $2 billion offer for McDermott if the U.S. company would work with it to identify additional benefits of a deal, Subsea said on Wednesday. The Norwegian firm's comments come a week before McDermott's shareholders vote on a planned combination with Chicago Bridge and Iron (CB&I), which McDermott's board has recommended…
Keppel to Deliver SE Asia's First LNG-powered Tug
Singapore-based Keppel Corp said on Wednesday its offshore rig-building unit is on track to deliver in May what the shipbuilder said will be the first tugboat in southeast Asia that can run on liquefied natural gas (LNG). The vessel will be one of seven dual-fuel vessels the company is building, and will be able to run on LNG and diesel, a spokesman for Keppel said, without disclosing how much the ship cost to build. A second dual-fuel LNG tug is due to be delivered by June or July, he said.
Meyer Turku Delivers for TUI Cruises
TUI Cruises’ new 315 m flagship was delivered today from Finnish shipbuilder Meyer Turku.The fifth Mein Schiff cruise ship to be built by Meyer Turku for German owner TUI Cruises, the new Mein Schiff 1 is based on a new design created as an evolution from the existing Mein Schiff series.The builder’s architecture and engineering team, working together with TUI Cruises and its architects, used the previously…
Euronav Freight Rates Sag in Challenging Market Conditions
Belgian tanker operator Euronav's average spot rates for its very large crude carriers (VLCCs) fell 53.8 percent to $18,725 per day in the first quarter, as challenging conditions continued in the freight market, the company said on Wednesday. Tanker companies have been suffering from a glut of excess capacity which has weighed on rates, while OPEC oil production cuts have added to the pressure. "The…
Glosten Taps Fanberg as President
Seattle-based naval architecture and marine engineering consultancy Glosten has appointed Morgan Fanberg, PE as president.Fanberg, who has over two decades of experience with the firm, will succeed Glosten’s fifth president, John Springer III, PE.Fanberg has led Glosten’s Marine Engineering Group since 2009 and was instrumental in growing the firm’s mechanical capabilities and leading the development of the firm’s Electrical Engineering Group.
EPA Announces Funding to Reduce Diesel Emissions
Preference given to fleets in areas facing air quality challenges. The U.S. Environmental Protection Agency (EPA) announced the availability of grant funding to modernize the nation’s diesel fleet by retrofitting or replacing vehicles with cleaner, more efficient diesel engines. EPA anticipates awarding approximately $40 million in Diesel Emission Reduction Program (DERA) grant funding to eligible applicants, subject to the availability of funds.
Baltic Exchange Launches Escrow Service for Vessel Sales
The Baltic Exchange announced it will launch an Escrow Service for its members to hold deposits for ship sale transactions.The paid-for service will be available from May 2018 for use in transactions where the buyer of the vessel is a Baltic Exchange member. The service will cost $5,000 per side and is likely to be extended to disputes related payments, the Baltic Exchange said.The Escrow Service will…
