Ship Carrying 458 People Sinks in Yangtze River
A passenger ship carrying 458 people sank in the Yangtze River in central China after encountering what the rescued captain said was a storm and strong winds, the government’s Xinhua News Agency reported. The ship, which departed from the eastern Chinese city Nanjing and is bound for Chongqing Municipality in southwest China, sank "within one or two minutes" after being caught in a cyclone, according to the ship's captain and chief engineer.
DNV GL Sees Hybrid Propulsion, Connectivity as Hot Trends
Hybrid propulsion systems and connected ship solutions are emerging technologies that are gaining ground faster than expected, according to Tor E. Svensen, CEO DNV GL – Maritime, giving an update on the classification society's Shipping 2020 report. "While operational efficiency and emissions reductions are the main motivators behind these developments, the update shows that the future fuel mix will be much more diverse," Svensen said.
Pangaea Bags Extensions for two Contracts of Affreightment
Pangaea Logistics Solutions has received extensions for two contracts of affreightment (COA) for dry bulk materials, which it says will generate up to $22m in revenue over the next three years. The extended contracts will also optimally position Pangaea vessels for backhaul routes, the NASDAQ-listed company said. Specifically, a major international aluminum company has agreed to a two year COA extension…
Technip Buys Out DOF Subsea
The DOF Subsea Group has entered into an agreement with Technip for the sale of DOF Subsea’s ownership in the joint venture vessel Skandi Arctic, with immediate effect. According to the company, the transaction is done at market terms and will improve the cash position for the Group. The 18,640-gt Skandi Arctic is a diving support vessel (DSV) built in 2009 and it can accommodate 140 persons. The company did not disclose the value…
Indian Navy Warships Arrive in Jakarta
Two Indian Navy warships of the Indian Navy’s Eastern Fleet which has recently participated in SIMBEX with Singapore reached Jakartha as part of their operational deployment. The an operational deployment to South East Asia and Southern Indian Ocean of , the Indian Navy's Eastern Fleet under the command of Rear Admiral Ajendra Bahadur Singh, VSM, Flag Officer Commanding Eastern Fleet is part of India's 'Look East' and 'Act East' policy.
Nicaragua Canal Project Study Delivered, Details Scarce
A long-awaited study on the impact of the proposed $50 billion Nicaraguan waterway by a British consultancy has been delivered, a canal official said on Monday,…
New Ballast Water Treatment Solutions from Damen
Damen has launched two new ballast water treatment solutions onto the market, Damen LoFlo and Damen BalCon. The new solutions are a response to the International Maritime Organization (IMO) Ballast Water Management Convention 2004, which is edging ever closer to ratification and the U.S. Coast Guard (USCG) Ballast Water Management regulations already in force. Once the IMO convention passes into legislation…
SFL Sells its Holding in Horizon Lines
Ship Finance International Limited (SFL) has sold its holding of notes and warrants in Horizon Lines, Inc. for net cash proceeds of approximately $72 million. In April 2012, Ship Finance received $40 million of Horizon Lines second-lien notes and 9.25 million warrants in Horizon Lines in connection with a termination of the charters for five container vessels. Thereafter, the second-lien notes have accumulated interest on a non-cash basis at a rate of 15 percent annually.
Grounded Bulk Ship Awaits Lightering
The U.S. Coast Guard (USCG) reports it continues to work with state and local partners Monday to oversee freeing a bulk carrier loaded with sulfur that ran aground May 26…
Strike at Peru's Top Port Likely to Stoke Inflation
A dockworkers strike at Peru's biggest port, Callao, has hit imports of basic goods in the Andean country and will likely stoke inflation, the main exporters association said Monday. The 18-day strike has nearly frozen activities at the northern terminal of Callao at the edge of the capital Lima, prompting $100 million in lost revenues for merchants, the Exporters Association of Peru (Adex) said. Some…
Obama: Land Reclamation in S. China Sea Counterproductive
President Barack Obama said on Monday that land reclamation projects in the South China Sea are unproductive and called for an end to aggressive action in the region.
Busan Port to Meet Thriving Cruise Demand
In response to Northeast Asia’s rapidly growing attractiveness as a cruise destination, South Korea’s port of Busan is bringing new facilities on-stream this year…
Danelec Debuts New ECDIS Platform at Nor-Shipping
Danelec Marine announced the introduction of its new Electronic Chart Display and Information System (ECDIS) platform for marine navigation, shown for the first…
Hatteland Display Widens Service Network in Singapore
Allied eParts Pte. Ltd. (AEP) with its premises in Ubi Avenue, Singapore joins the Hatteland Display service network after signing a contract with the marine display and computer manufacturer during Sea Asia in April 2015. Following the full training of AEP's Service engineers at the Norway premises of Hatteland Display and the set-up of the Service location including a variety of spare parts, AEP will be ready to perform warranty and non-warranty workshop repairs on behalf of Hatteland Display.
Alaska LNG Approved for Non-free Trade Agreement Exports
The Alaska LNG project marks another milestone with today’s announcement by the United States Department of Energy that it has conditionally authorized the Alaska…
Cruise Liner Casino Approved in Malta
The Malta Gaming Authority (MGA) has approved the first application received from Crystal Cruises, which is represented in Malta by Gollcher Group, for its Crystal Serenity which will call to Malta on June 5 and 6, 2015. Crystal’s onboard casinos on Crystal Serenity offer games including Blackjack, Craps, Roulette, 3 Card Poker, Ultimate Texas Hold’em and Mini-Baccarat (on request), as well as slot and video poker machines.
Hapag-Lloyd Orders 5 New Containerships
When the expansion of the Panama Canal is complete, liner shipping companies will finally be able to use larger vessels. Hapag-Lloyd has therefore ordered five state-of-the-art ships. Hapag-Lloyd has ordered five modern container ships from the South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI) for its South American trade. Each of the new ships is 333 meters long, 48 meters wide and has capacity for 10,500 standard containers (TEU).
Ulstein’s X-BOW Turns 10
When times are tough, it is still possible to nurture and grow good ideas, says Ulstein, an provider of ship design, shipbuilding and system solutions for ships. That’s the story behind the ULSTEIN X-BOW hull line design, which upon its introduction 10 years ago turned the image of the ship’s bow upside down. Now in its 10th year, the 100th X-BOW shipbuilding contract was signed, and the X-BOW’s derivative…
Wärtsilä, COSCO Ink BWMS License Agreement
Wärtsilä has signed a manufacturing license agreement with COSCO (Weihai) Shipbuilding Marine Technology Company Limited (WECOSCO) based in Weihai, China. The two-way agreement provides COSCO with access to technology and the rights to manufacture the Wärtsilä Aquarius Electro Chlorination (EC) Ballast Water Management System (BWMS) under license for application in its global marine market. In return…
Aker Arctic Acquires Canada’s Akac
Aker Arctic Technology Inc has acquired full ownership of Canadian based company Akac Inc, which is known in the oil and gas industry for its involvement in the Arctic offshore projects and operations. According to Aker Arctic Technology, the acquisition strengthens its position in the field of Arctic offshore work. Akac provides tailored solutions and consultancy to enhance the operability, efficiency and safety of offshore operations in ice conditions.