Mexico Removes Bid Limit on Shallow Water Oil Tenders
Mexico's oil regulator voted on Friday to relax previously established rules on bidding terms and contracts that form the first step in an historic sector opening…
Wärtsilä Acquires L-3 MSI
Wärtsilä Corporation announced that its acquisition of the Germany based L-3 Marine Systems International (MSI) has been finalized and control of the company will…
New Power Optimization Solution for LNG Carriers
South Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME) and NAPA, a maritime software, services and data analysis provider, now offer a tailored NAPA-DSME Power solution for LNG carriers built by DSME. According to the developers, the specialist solution aims to ensure transparent and accurate measurement of performance and efficiency aboard LNG carriers, including measurement of boil-off to provide a full 360° view of the operation of these vessels.
BWTS Newcomer Sees Early Success
Norwegian manufacturer of ballast water treatment systems MMC Green Technology reports it has sold more than 70 systems since going commercial with its MMC BWMS two years ago, 40 of which have already been installed on board vessels worldwide, the company said. “With 40 systems installed, we are starting to get feedback from the operators,” said Børge Gjelseth, sales and marketing director at MMC Green Technology. The company said there is more to come.
Chile Customs Strike Ends After 8 Days
A customs strike in Chile that had held up exports and imports for over a week has ended after the union said on Friday it had come to an agreement with the government.
Vale to Ship Coal Along Mozambique Nacala Corridor
Brazilian miner Vale SA plans to start exporting coal along the Nacala rail and port corridor in Mozambique and Malawi in the third quarter after heavy rains damaged the rail line…
Neptune Orient Lines Sells Logistics Business
Neptune Orient Lines Limited (NOL) announced that it has completed the sale of its logistics business, APL Logistics Ltd (APLL), to Kintetsu World Express, Inc. (KWE) for an aggregate purchase price of $1.2 billion, subject to adjustments for the net cash and net working capital of APLL and its subsidiaries as at the completion date. NOL said it will announce the final purchase price after such adjustments have been determined.
IRS Moves Closer to Tokyo MOU's High Performers
The Tokyo Memorandum of Understanding has positioned the International Register of Shipping (IRS) closer to the higher ranking achievers on its performance list…
Study Targets Improved Subsea Mattress Salvage
Independent multi-discipline subsea engineering and training firm Jee Ltd. has completed a contract with Decom North Sea (DNS), the representative body for the decommissioning industry, to identify methods of salvage and re-use options for concrete subsea mattresses. The aim of the project, which commenced in February 2015 and saw Jee partner with DNS and Zero Waste Scotland (ZWS), was to identify…
SFL Adjusts Charter Agreement with Frontline
Ship Finance International Limited (SFL) announced that it has entered into a heads of agreement to amend the long-term chartering agreements with Frontline Ltd. The company currently has 17 vessels on charter to subsidiaries of Frontline, with an average remaining charter term of nearly eight years. The new agreement will take effect from July 1, 2015 and will be a combination of reduced long-term base rates, increased profit split and an ownership share in Frontline.
Raytheon Anschütz Expands US operations
Raytheon Company announced the launch of its new subsidiary, Raytheon Anschuetz USA LLC, located in San Diego, Calif. According to the company, Raytheon Anschuetz…
Mass. Maritime Taps McDonald as New President
EVP Fran McDonald tops a field of five; choice still must be approved by Massachusetts Board of Higher Education. Pending a confirmation vote by the Massachusetts Board of Higher Education (BHE), Francis X. McDonald has been selected as the 38th president of the Massachusetts Maritime Academy. McDonald, a 1985 graduate of the school, has worked on campus since 1994. Currently, he serves as Executive…
Panalpina Acquires Egyptian Agent Afifi
Switzerland-based supply chain solutions provider Panalpina is to acquire its Egyptian agent Afifi, a family-owned company specializing in freight forwarding, customs clearance and logistics. The move is an important step in Panalpina’s continued strategic expansion in growth economies, in particular in the Middle East and Africa, the company said. Afifi has been Panalpina’s agent in Egypt for the last 20 years.
Design & Operation: Wind Farm Support Vessels
Offshore wind farm development has been led globally by the UK, followed by Germany. Both countries have governments with long term commitments to renewable energy. Denmark, Belgium and The Netherlands are building wind farms, but they are a long way behind the leaders in offshore wind. In 2014 the UK accounted for over 50% of all the offshore wind energy generated globally. All of these countries border the North Sea…
New Ship Continues Atlantic Offshore's Fleet Modernization
Atlantic Offshore Rescue will unveil the third new vessel in the past 12 months as part of its fleet modernization program, representing an investment totaling $458 million. Ocean Falcon, a new Class A Multi Role and Emergency Response and Rescue (MRV/ERRV) vessel, is to be christened at a ceremony at Aberdeen harbor before commencing a contract with a major U.K. operator. Atlantic Offshore Rescue will provide emergency recovery…
Crowley’s 2nd LNG ConRo Ship Ahead of Schedule
Shipbuilder VT Halter Marine, Inc. announced construction has started early for the second liquefied natural gas (LNG)-powered ConRo ship, Taíno, for Crowley Holdings, Inc. Taíno’s steel cutting ceremony was held May 27 at VT Halter’s Pascagoula, MIss. facility, following the start of construction for sister ship, El Coquí, in October 2014. Both ships are being built for Crowley Maritime Corporation, with deliveries scheduled for mid and late 2017.
Overnight Cruise Ship Visits Suspended in White Bay
The New South Wales (NSW) Port Authority has suspended all overnight cruise ship visits to White Bay until the NSW Environment Protection Authority (EPA) has regulated…
Frontline Beats Q1 Forecasts, Inks Ship Finance Deal
Crude oil tanker firm Frontline posted first-quarter operating profit above expectations on Friday and said it had renegotiated its relationship with chartering…
U.S.: China Placed Artillery on Reclaimed Island
The United States said on Friday that China had placed mobile artillery weapons systems on a reclaimed island in the disputed South China Sea, a development that Republican Sen.
Thailand: 300 "boat people" Landed in Recent Weeks
Around 300 "boat people" have landed on Thailand's shores in recent weeks, Sek Wannamethee, director-general of the information department at Thailand's Foreign Ministry, said on Friday.