Europe Stockpiling Low Cost, Surplus LNG
Demand from top Asian buyers drops sharply; Asian, European gas price spreads converge. Europe set to becoming dumping ground for LNG. Europe is set to become a…
Belgian Strike to Impact Antwerp Port
A strike in parts of Belgium on Monday is expected to disrupt rail services and one of Europe's largest ports as trade unions and workers voice their anger over…
BG Group's Queensland Curtis LNG to Ship First Cargo
BG Group is set to ship the first cargo of liquefied natural gas from its flagship gas project Queensland Curtis LNG on Dec. 20, a source familiar with the matter told Reuters.
Asia Tanker, VLCC Rates Could Climb
Charterers to release 30 Middle East VLCC cargoes next week. VLCC market buoyed by upbeat Suezmax, Aframax sectors. Rates for very large crude carriers (VLCCs) on…
Trelleborg Invests in High-Speed Fender Test Rig
Trelleborg’s marine operation is in the process of building and installing a custom-made high-speed test rig, capable of testing both rubber and foam fenders. The rig is being built in Trelleborg’s new Berryville facility in Virginia, U.S., and represents a substantial investment for the business. When complete, it will be the biggest fender test rig in operation in the industry capable of testing fenders up to the largest commercially available sizes.
HHI to Build FSRU for Höegh LNG
A new Floating Storage and Regasification Unit (FSRU) will be built by the Korean shipbuilding Company Hyundai Heavy Industries (HHI). This FSRU will be the fifth…
New Tidal Wave Energy Device Completes Sea Trials
In the continuing quest to harvest efficient, renewable energy from the power of the world’s tides, an organization called Sustainable Marine Energy’s announced that its PLAT-O tidal energy platform has successfully completed its first field trials. Despite the tremendous power and predictability of the world’s waves and tides, efforts to successfully build and bring to market a device to harness,…
Deepwater Semi-Sub COSL Prospector Delivered
COSLProspector, the fourth deep-water semi-submersible drilling rig built by CIMC Raffles for China Oilfield Services Limited (COSL), has been delivered in Yantai, Shandong Province. It represents another milestone for China’s deep-water drilling rig going into the global mainstream market. The COSLProspector is a DP3 vessel with a length of 104.5 m, a width of 70.5 m, a height of 37.55 m, and an operating water depth of 1,500 m.
Video: Reefer RoRo Ship Design Rebooted
Expanding on the Reefer RoRo Ship design release in September last year, naval architects group Knud E. Hansen A/S has continued the development of the new Reefer RoRo Ship design with version II. A video showcasing the design is available here. According to the designer, the ship, which is intended for worldwide operation as a Reefer RoRo Ship in the banana trade, emphasizes low box rates by fast and efficient cargo handling in port, which enables slow steaming.
Cost to Fuel Ships Falls
For a ship that burns 24 tonnes of fuel per day while steaming, fuel costs are reduced by as much as $1 million a year if current price level stay put. Assuming a difference from the average of first half of 2014 at $578 for 380 cSt, High Sulphur Fuel Oil (HSFO) in Rotterdam, to a new level of $412, and a sailing time of 70%. On an industry-wide scale, the drop have reduced the entire international shipping industry’s daily bunker cost by $117 million per day.
Bouchard Vessels Honored by SCA
Forty-three Bouchard Transportation Co., Inc. vessels have been honored by The Chamber of Shipping America (CSA) with Certificates of Environmental Achievement. The awards, given out on Thursday, November 13, recognize vessels that have operated for two full years or more without an environmental incident. “These commendations are a testament to the hard work of both our safety department and our vessel employees,” said Morton S.
Update: Explosion in the Gulf of Mexico
An explosion occurred aboard a production platform Thursday at West Delta 105, operated by Fieldwood Energy, resulting in one fatality and three injured. The Bureau…
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
China Building Island Big Enough for Airstrip
Satellite images show China is building an island on a reef in the disputed Spratly Islands large enough to accommodate what could be its first offshore airstrip in the South China Sea…
Atteridge Retires from Furuno USA
After 30 years of service to Furuno USA, Inc., Jim Atteridge is retiring as President and assuming a new role, as Director and Corporate Advisor. Effective December 1, 2014, Brad Reents will assume the role of President and CFO of Furuno USA, Inc. Reents has been with Furuno USA for 15 years in the role of Treasurer and Board Member. Reents is a licensed CPA and brings with him years of experience as a financial officer.
Environmental Groups: IMO Polar Code Too Weak
The International Maritime Organization (IMO) today adopted the Polar Code aimed at regulating shipping in Polar Regions. Several environmental groups have criticized the measures for not going far enough to protect the Arctic and Antarctic environments, arguing that while the new code is a positive step forward, it is insufficient to properly protect Polar environments from the anticipated increased levels of shipping activity.
Everett College to Launch New Research Boat
Everett Community College’s Ocean Research College Academy (ORCA) will launch its new research vesel on November 22 with a celebration at 11 a.m. at the Port of Everett. The dedication of the Phocoena (the scientific name for harbor porpoise, pronounced FOE see nuh) will happen at the port’s travel lift, located in front of ORCA’s classrooms at 1205 Craftsman Way in Everett. The 36-foot Phocoena was funded by a $218…
October Imports up 9% at Port of Oakland
Containerized imports shipped through the Port of Oakland were up 9.17% in October from a year ago, the port said, citing the surge as the biggest jump in import cargo volume in six months. According to statistics released today, vessels discharged the equivalent of 73,124 20-foot import containers in Oakland during October. That was up from 66,983 containers handled in the same period last year. Port…
Venezuela Ships First Crude Mixed with Algerian Oil to China
Venezuela is sending its first shipment of crude mixed with Algerian light oil to China, according to state oil company PDVSA and traders. Venezuela recently started…
Sea Star Line: Equipment Replacement Plan on Track
Sea Star Line, LLC began receiving the first of its new 100 40’ and 45’ refrigerated containers ordered as part of its equipment replacement plan announced in August 2014. The replacement plan aims to reduce the average age of the entire Sea Star Line refrigerated container fleet to less than three years. The reefers have been fit with Carrier PrimeLine Machinery which is the most current technology available for refrigerated equipment.