SSL, Streamlines Join Forces in Nordic, Baltic Regions
StreamLines, a specialist carrier between Europe and the Caribbean and from the Caribbean, Colombia and Costa Rica to Europe, has appointed Scandinavian Shipping & Logistics as its agent in Norway, Denmark, Finland, Estonia, Latvia and Lithuania. The two companies have been working together in Sweden since January 2014 and now expand the cooperation and partnership to a much wider range of countries.
Aker to Sell Product Tanker JV Interest
Aker Philadelphia Shipyard ASA announced today that its wholly-owned U.S. subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), has entered into definitive agreements with a subsidiary of Marathon Petroleum Corporation (MPC) for the buy-out of APSI's interest in its joint venture with Crowley Maritime Corporation (Crowley) related to the operation and chartering of four 50,000 dwt product tankers. The transaction is based on an enterprise value of $150 million per vessel.
Shipbuilding: Crowley's First LNG ConRo Ship on Schedule
Construction of the first of two liquefied natural gas (LNG)-powered, combination container – Roll-On/Roll-Off (ConRo) ships for Crowley Maritime Corporation’s liner services group is now 25 percent complete, the company announced. The two ships, which will be named El Coquí and Taíno, are currently under construction at VT Halter Marine, Inc., a subsidiary of VT Systems, Inc., a project that began in November 2013.
Changes in Swire Pacific's Top Deck
Swire Pacific Offshore (SPO) announces a change in leadership with the appointment of a new Managing Director in Singapore. Mr Ron Mathison has taken over the helm as the new Managing Director on Monday, 21st September 2015. Mr Mathison has also been appointed as Director of John Swire & Sons (S.E. Asia) Pte Ltd, with effect from 1st August 2015. Mr Mathison embarked on his career with John Swire &…
Shipping Delivering Real CO2 Reduction
In advance of the United Nations Climate Change Conference in December, the global shipping industry, as represented by the International Chamber of Shipping (ICS), has launched some key messages to government negotiators, explaining the impressive progress the industry is making to reduce its carbon footprint. According to ICS, the global industry is already delivering carbon neutral growth having reduced total CO2 emissions by more than 10% since 2007, despite an increase in maritime trade.
China Shipping Firms, Dynagas Mull Arctic LNG Vessel Deal
China Merchants Energy Shipping, Sinotrans Shipping and Greek shipping firm Dynagas are in talks to form a joint venture to build five vessels to ship liquefied natural gas (LNG) from the Arctic…
Megaships Worsen Overcapacity in Boxship Trades
Container shipping lines are poised to take delivery of a new generation of "megaships" over the next two years, just as the growth of world trade is slowing down, contributing to massive overcapacity in the market. Megaships, which can be up to 400 metres long, seem to be here to stay, not least because so many more are already on order, the product of high fuel costs and low interest rates. But the…
Cat’s C280 Engines Meet EPA Tier 4, IMO Tier III
Caterpillar Marine now offers its Cat C280 medium-speed diesel engines for U.S. Environmental Protection Agency (EPA) Tier 4 and International Maritime Organization (IMO) Tier III service. The EPA Tier 4 standards applied to all new U.S. flagged vessels starting in January 2014 and IMO III standards will apply to all new vessels entering IMO NOx Emissions Control Areas (NECA) starting in January 2016.
New CEO Takes the Helm at Transas
Frank Coles has been appointed as Chief Executive Officer and member of the Board of Directors for Transas Marine, a provider of equipment, software and system integration for the maritime industry. A maritime business professional, Coles brings to the position leadership experience in maritime operations and technology. Coles recently served as an advisor to a number of blue chip private equity companies on maritime opportunities.
Great Lakes Cargo Volumes Down in August
Foreign steel, vessel repairs and a broken lock combine to cut U.S.-flag Great Lakes float 10 percent in August, according to the Lake Carriers’ Association (LCA). Continued high levels of steel imports, coupled with three large vessels idled for repairs and a lengthy closure of the MacArthur Lock at Sault Ste. Marie, Michigan, cost U.S.-flag Great Lakes fleets more than 1.1 million tons of cargo in August, the LCA said.
Leaders Call on Canadian Marine to Grow Economy
The Federal Election is an important opportunity to boldly support the marine industry as a means to sustainable Canadian growth. During this election and post-election period, political leaders are urged to build upon Canadian domestic shipping for the Canadian economy and sustainable economic growth. "The Canadian marine industry connects Canada's economic capacity with the rest of the world," says Robert Lewis-Manning, President of the Canadian Shipowners Association (CSA).
Suezmax Tanker Delivered to NAT
Nordic American Tankers Limited (NAT) has today taken delivery of the first of two recently purchased secondhand Suezmax tanker vessels. NAT announced in July that…
VARD Secures PSV Charter from DOF
Vard Holdings Limited announced it has secured a bareboat charter contract for the first of two vessels whose original shipbuilding contracts were terminated earlier during the year. The vessel, a platform supply vessel (PSV) of VARD 1 08 design, was delivered from Vard Vung Tau in Vietnam and sold to Vard Shipholding Singapore Pte. Ltd., a newly established wholly-owned subsidiary of Vard Holdings Limited.
Unsafe Ship Banned from Australian Ports
An Indonesian flagged general cargo ship has been banned from entering or using any port in Australia for three months. The vessel Noah Satu (IMO9313620) has been…
Iraqi Kurds Reassert Right to Export Oil to US Despite Court Ruling
Kurdistan reasserted its right to export oil independently to the United States and other countries on Tuesday despite a court ruling in favour of the Iraqi federal government…
New President, CEO at Rickmers-Linie America
Rickmers-Linie, the Hamburg-based specialist for liner services in breakbulk, heavy lift and project shipping, has appointed Wouter Huybrechts as the new President and CEO of Rickmers-Linie (America) Inc. Huybrechts took over for CEO and President Waldemar Poulsen, who left the company on September 18. As the new President and CEO of Rickmers-Linie (America) Inc, Huybrechts will manage and coordinate the development of Rickmers-Linie’s U.S.
GTT’ Mark V Earns DNV GL General Approval
GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced that its new containment system…
Vigor Hires Senior VP of Public Affairs
Jill Mackie will join shipbuilder and repairer Vigor’s executive team as senior vice president of public affairs, the company announced today. In her new role, Mackie will provide leadership and oversight of strategic communications, community and government relations at the local, state and federal level for all Vigor companies. Mackie officially joins the Vigor team October 14. Previously vice president of public affairs for The Seattle Times Company…
US Regulators Revise Proposal on Commodity Position Limits
U.S. derivatives regulators are revising their proposal to limit the positions that traders can hold in commodity markets to make it easier for some hedge funds and banks to keep large trades.
US Coast Guard Medevacs Injured Fisherman
A 46-year-old man is receiving treatment in Oahu after being medevaced from Midway Atoll, Saturday, the U.S. Coast Guard reported. A Coast Guard airplane crew flew more than 1…