Gladstone LNG to Offer Multiple Commissioning Liftings
Australia's Gladstone liquefied natural gas (LNG) production plant coming on stream in September is expected next week to offer up to six commissioning cargoes for sale between October and December…
Asia-Europe Box Rates Plunge 27 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 26.7 percent to $469 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the third consecutive week of falling freight rates on the world's busiest route and rates are now nearly 60 percent lower than three weeks ago.
TTS Signs Another PCTC Contract to Korea
TTS Group ASA has through its subsidiary TTS Marine AB in Gothenburg, Sweden entered into a new contract for delivery of cargo access equipment to two pure car/truck carriers (PCTC).
Hanssons Increase Stake in NAT
Tanker shipping firm Nordic American Tankers Limited (NAT) announced that chairman and CEO, Herbjorn Hansson, and his family have increased their holding in the company.
French Cruise Company PONANT Signs GAC UK
PONANT Yacht Cruises & Expeditions has appointed GAC UK as its agent for all United Kingdom and Ireland port calls in 2016. PONANT’s 142m and 132 cabin megayachts Le Boréal and L’Austral will cruise around the British Isles and Ireland, including the Scilly Isles, Shetlands, Dublin, Liverpool and Scottish Highlands in May and June next year. Fergus Poole, GAC UK’s newly appointed Cruise Manager, said…
Shell Lifts Force Majeure on Nigeria Gas
Shell said on Friday that its Nigerian joint venture lifted its force majeure on natural gas supplies to the Nigeria Liquefied Natural Gas Co (NLNG) after repairing a pipeline.
Royal IHC Launches Pipelay Vessel Sapura Rubi
Royal IHC has named and launched the pipelaying vessel, Sapura Rubi, in a ceremony at the company’s shipyard in Krimpen aan den IJssel, The Netherlands. The naming of the fully integrated vessel was performed by Glaucia Maciel, Human Resource Manager of Sapura Navegação Marítima S.A. The Sapura Rubi is the fifth 550t pipelaying vessel that IHC is supplying to Sapura Navegação Marítima, a joint venture between SapuraKencana and Seadrill.
Another Newbuild Tanker Joins Ardmore Fleet
Tanker shipper Ardmore Shipping Corporation’s latest newbuild vessel, Ardmore Seawolf, was delivered by SPP Shipbuilding from the Sacheon shipyard in Korea on August 13, 2015. The addition of the 49,999 DWT IMO 3 product and chemical tanker increases the number of Ardmore vessels on the water to 22, joining sister ships, Ardmore Sealion and Ardmore Seafox. Technical management of the Ardmore Seawolf will be provided by Univan Ship Management.
DONG Becomes Lead Developer of UK's Offshore Wind Hornsea Zone
Denmark's DONG Energy has become the lead developer of Britain's Hornsea Zone offshore wind scheme after it bought the project rights to the second and third phases of the development Mainstream Renewable Power and Siemens Financial Services. The Hornsea Zone, off the coast of northeast England, is being developed in phases to ultimately provide 4 gigawatts (GW) of renewable wind energy and has the potential to meet 40 percent of Britain's electricity demand.
Can Chinese Steel Support Freight Markets?
Is China’s steel exports enough to support the freight market? No, it’s not enough, you will need lower Chinese iron ore production too in order to keep growing…
Viking Acquires Nadiro from Maersk Group
Marine and fire safety equipment and servicing provider VIKING Life-Saving Equipment A/S announced the acquisition of Nadiro A/S, a company owned by maritime and energy conglomerate Maersk Group and SH Group. Established in 2009, Svendborg, Denmark-based Nadiro manufactures lifeboat and rescue craft systems, developing and promoting its Drop-in-Ball technology to help ensure crew safety. VIKING has had the status of Preferred Distributor and Service Provider…
MoU Ensures Dialog Between US Rivers Leaders
Leadership from the U.S. Army Corps of Engineers, the U.S. Coast Guard and the inland towing industry signed a memorandum of understanding today, designed to ensure consistent communications and support efficient and safe movement of commerce on the western rivers of the United States. The memorandum, signed by Jim Guidry (Kirby Inland Marine LP and RIETF co-chairman), Rear Admiral June E. Ryan (commander of the 9th Coast Guard District), Rear Admiral David R.
MISC to Divest 50% Shareholding in VTTI
MISC Berhad and its wholly-owned subsidiary MTTI Sdn. Bhd. have today entered into an agreement with VIP Terminals Finance B.V. to dispose 50 percent of the issued share capital of VTTI B.V.…
US Drillers Add Rigs for 5th Week in a Row
U.S. energy firms added two oil rigs this week, the fifth week of increases in a row, after U.S. crude prices have fallen about a third from recent highs, data showed on Friday…
Oil Below $40/bbl After Rise in US Oil Rigs
U.S. crude oil prices on Friday dove below $40 a barrel for the first time since the 2009 financial crisis, notching their longest weekly losing streak in 29 years after a further rise in U.S.
EMGS Reports $1.6m Multi-client Sales
Marine controlled-source electromagnetic (CSEM) data provider EMGS informs it has entered into two new data licensing agreements with two oil companies for the provision…
MSC Announces First Sailing on Revised Asia Trade
Container shipping firm MSC has published sailing dates for its new look Asia network announced Monday, August 17. MSC’s new East-West Network is made up of 193 vessels which operate across 22 different services between Asia, Europe and the U.S. The network offers more ports, more weekly departures, faster transit times and improved reliability, MSC said. Additionally, by increasing the average vessel size on the trades while reducing the overall number of ships in operation…
EU Tries to Clear 'Fog of Confusion' Over US Trade Pact
The European Commission will publish detailed reports on its negotiations with the United States to forge the world's biggest trade pact, EU trade chief Cecilia Malmstrom said on Friday…
Port of Rotterdam Installing New Buoys and Dolphins
Work toward the expansion and replacement of buoy berths and dolphin configurations in the Port of Rotterdam’s Caland Canal and the Botlek is underway, with a targeted operational time of autumn 2015, the Port of Rotterdam Authority announced last week. The buoys and dolphins reinforce the existing clusters in both liquid and dry bulk and are being used more and more, according to the port authority.
NY State Senator to Address SUNY Maritime Cadets
New York State Senator Jeff Klein (D-Bronx/Westchester) will address and preside over SUNY Maritime College’s Indoctrination (INDOC) graduation on Saturday, August 22, the college announced today. Senator Klein will address new students, their parents, family members, friends and supporters of the college, as 340 MUGS (Mariners Under Guidance) participate in graduation exercises marking the completion of their INDOC period.