MARAD Seeks Comments on Proposed Policy for Deepwater Export Applications
The Maritime Administration (MARAD) is seeking comments on the agency’s proposed policy to accept, evaluate and process license applications for the construction…
Oil Drillers Group to Fight U.S. Export Ban
More than a dozen U.S. oil producers have joined to lobby the federal government to reverse the 40-year-old ban on U.S. crude exports, a move that supporters hope…
UN Authorizes Ship Inspections Near Somalia For Arms, Charcoal
The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday…
WFW Advises ING Bank on $340m Loan Facility for Euronav
Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV. The facility is comprised of a $192m term loan facility and a revolving credit facility of up to $148m. Euronav plans to use the funds to refinance four Suezmax tanker vessels, finance the acquisition of four very large crude carrier tankers from Maersk and for general corporate purposes.
US Navy CNO: Photo of the Day
Chief of Naval Operations (CNO) Adm. Jonathan Greenert receives a system update brief in the combat information center aboard the Arleigh Burke-class guided-missile destroyer USS Bainbridge (DDG 96) before holding an all-hands call. Greenert briefed the ship's officers and crew on the current status of the Navy and answered questions about current events, Navy programs and policies.
UN: Ship Inspections near Somalia for Arms, Charcoal
The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday, though Russia and Jordan abstained from the vote over concerns about the move. The resolution, adopted by the 15-member council with 13 votes in favor, approves the use of "all necessary measures" - diplomatic code for military force - to carry out such inspections.
Oversupply, Ebola Fears Drive Oil Below $86
Brent crude fell below $86 a barrel on Friday on news of strong supply from Middle Eastern OPEC producers and as a confirmed case of Ebola in New York spooked global equities markets. Iraq increased its oil supply in October, and Libya's production remained high, despite deep instability in both countries. Brent crude for December fell $1.02 a barrel to a low of $85.81 and was trading around $85.90 by 1205 GMT. U.S. December crude fell 85 cents to $81.24 a barrel.
Ecoships Claims 15% Ship Efficiency Gain
Ecoships introduced a customized version of the Six Sigma DMAIC approach to process and performance evaluation in order to optimize the energy-efficiency of the vessels under its management. The technique has already resulted in Ecoships’ managed ships benefiting from up to 15% greater fuel efficiency, resulting in substantial reductions in CO2, NOx and SOx emissions. “We specialise in eco-friendly and fuel-efficient shipping tools, techniques and technologies,” said Capt. Aykut Yilmaz, GM.
UASC Targets Expansion to Beat Container Market Blues
United Arab Shipping Company (UASC) is on a major expansion drive, investing more than $2 billion in bigger ships and forming alliances with peers to boost efficiencies and ride out tough markets. The shipping industry has been battling overcapacity, linked to a glut of new vessels ordered during a boom period before the global financial crisis of 2007-2009, forcing operators to look for ways to overcome one of the worst slumps on record.
U.S. Navy Contracts 12 Rapid Response Skimmers
Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019. The Kvichak RRS is Navy’s tier one response asset, and these craft will supplement the Navy’s current fleet of over 85 units in operation in Navy ports worldwide since 1994. With over 20 years of continuous production and development…
Rederij Groen Takes Delivery of 7-Waves
Rederij Groen’s entire SRSV fleet built by Damen Maaskant Shipyards Stellendam. Dutch offshore services company Rederij Groen has taken delivery of the 7-Waves, the second of a total three identical Seismic Research Support Vessels. Once the third of these so-called offshore chasers will join the fleet in January 2015, all of Groen’s five custom built chasers will have been built by Damen yard Maaskant.
Moore Stephens Expects Vessel Operating Cost to Rise
Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, according to a new survey by international accountant and shipping consultant Moore Stephens.
Liebherr to Deliver RTGs to Mayotte and Manila
Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility. The RTGs follow on from an order of two units that were commissioned earlier in 2014 at the port. The advanced RTGs feature numerous environmental, safety and productivity technologies. An eco-friendly variable speed drive will reduce both emissions and fuel consumption per box moved.
Clean Marine Wins New Contract
Clean Marine has been selected by Hyundai Mipo Dockyard in South Korea to supply exhaust gas cleaning systems (EGCS) for two new MR tankers. IMO’s convention for the reduction of sulphur oxides (SOx) demands that sulphur emission levels in Emission Control Areas (ECAs) shall be cut to 0.1 percent from the year 2015 and that the global emission level must not exceed 0.5 percent from the year 2020. The order for Clean Marine EGCS will enable the new medium-range tankers…
Fredriksen eyes Takeover of Flex LNG
Shipping tycoon John Fredriksen is aiming to take control of Oslo-listed Flex LNG following his purchase of 12.7 million shares that brought his stake in the firm to 43.3 percent…
USCG Monitoring Barge adrift in Beaufort Sea
U.S. Coast Guard personnel and Canadian federal agencies, including the Canadian coast guard, Transport Canada and Environment Canada, are monitoring a 134-foot barge drifting in the Beaufort Sea after it broke free from its tow in Canadian waters during a severe storm Monday. U.S. Coast Guard authorities were notified on Tuesday that the barge was drifting westward in the Beaufort Sea toward U.S. waters, based on computer drift models. Canadian and U.S.
Wärtsilä Steerable Thruster Gets Class Approval
DNV-GL approved the design of the Wärtsilä WST-14 thruster, significant as approval was granted based on a thruster design that has yet to be introduced into full series production. The approval by DNV-GL follows the release of Wärtsilä's next generation of thrusters at the end of 2013. The new WST-14 is part of the Wärtsilä Steerable Thruster (WST) compact series, which is aimed at tugs, anchor handling vessels, and coastal and inland waterway cargo vessels.
Singapore Bunker Meter Mandate Targets 'Frothy Fuel'
Singapore, the world's biggest bunkering port, plans to end the so-called "cappucino effect" in ship fuelling through new meters designed to stop suppliers from short-changing customers…
Rosneft Will Continue Arctic Drilling
Russia's biggest oil producer Rosneft will continue drilling in the Arctic Kara Sea on its own after the departure of its partner, U.S. oil major ExxonMobil, due to sanctions, the company's head Igor Sechin said on Friday. "We will continue drilling in any case, on our own, always and everywhere. If partners can take part - that's good, if they can't - we will carry on alone," Sechin told reporters. Exxon earlier suspended cooperation with Rosneft in the Arctic due to U.S.
De Beers Orders Specialized Ship from Kleven
Kleven signed a contract with diamond company De Beers Marine Namibia, part of De Beers Group, on the building of a highly specialized vessel for deep water mineral exploration. The first of its kind vessel will be of MT 6022 design from Marin Teknikk. This design is proven in the offshore construction segment, but the new build for De Beers will include a wide range of tailor made equipment and features.