Shell Withdraws from Arctic Exploration
Royal Dutch Shell has abandoned its Arctic search for oil after failing to find enough crude in a move that will appease environmental campaigners and shareholders who said its project was too expensive and risky. Shell has spent about $7 billion on exploration in the waters off Alaska so far and said it could take a hit of up to $4.1 billion for pulling out of the Chukchi Sea for the "foreseeable future".
GTT Receives 3rd FSRU Order of 2015
GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced it has won a new order for…
Wärtsilä to Optimize GasLog's LNG Carriers
Wärtsilä informs it has signed a maintenance agreement with the GasLog LNG Services Limited that aims to ensure the reliability of operation of GasLog's seven LNG carriers, each having a cargo capacity of 155,000 cbm. According to Wärtsilä, the demand for predictive analytics and advisory services is increasing. By analyzing the data collected from GasLog's vessels, Wärtsilä said it is able to provide valuable information regarding the condition of the equipment…
SCHOTTEL Debuts New EcoPeller
SCHOTTEL, a manufacturer of propulsion and steering systems for ships and offshore applications, has launched a new thruster optimized for open sea and coastal operating conditions: the SCHOTTEL EcoPeller. SCHOTTEL said the new thruster combines quality and technology with hydrodynamic insights from CFD simulations and model tests to offer a top value for the overall efficiency and course keeping stability of the ship…
Heavy-lift Ship Transporting 22 Vessels from Asia to Rotterdam
Press release - The Damen Shipyards Group is shipping a total of 22 vessels from several Damen shipyards aboard the heavy-lift vessel Happy Star. This is Damen’s largest transportation of stock vessels to date. Upon arrival in Europe later this month, the completed vessels will be ready for immediate sale and can swiftly be put into operation. Damen has already sold a number of the vessels being transported.
Containership Aids Distressed Cuban Rafters
The Crowley-managed, Philadelphia Express – a 3,237 TEU containership – recently provided assistance to nine Cubans on a makeshift raft adrift near Key West, Fla. As the vessel was steaming from Houston, Texas to Savannah, Ga., crewmembers spotted the floating object with people aboard waving in distress. Captain D.A. Sulin, master, Philadelphia Express, began circling back to the position of the raft and notified U.S. Coast Guard Sector Key West of the situation.
Scorpio Services Holding Ups Stake in Scorpio Bulkers
Scorpio Bulkers Inc. Dry bulk commodities shipper Scorpio Bulkers Inc. announced today that Scorpio Services Holding Limited has purchased an aggregate of 1,436,352 common shares of the company at an average price of $1.60 per share in the open market since the company's previous announcement on September 14, 2015. Scorpio Service Holdings has been gradually increasing its stake in Scorpio Bulkers since July.
Incat Crowther Designs 63m Ferry for Central America
Incat Crowther announced it has been commissioned to design a 63-meter monohull passenger ferry vessel for an undisclosed operator in Central American. The main deck features a cabin hosting 286 first-class seats, 20 lounge seats, four handicap accommodation seating areas, and a children’s play area with surrounding seating. The aft deck features a cargo room with cargo loading gates, able to fit a portable conveyor belt for loading and unloading.
Kohler Expands Tier 3 Diesel Generator Line
Kohler Power Systems, manufacturer of diesel and gasoline marine generators for a range of pleasure and commercial craft applications, is introducing new 175 kW (50 Hz) and 200 kW (60 Hz) models to its growing lineup of EPA Marine Tier 3-compliant diesel generators. The new 200EOZDJ/175EFOZDJ are suited to superyacht applications, while the 200EOZCJ/175EFOZCJ are designed for commercial applications.
'Blue' Economy Ocean Industries & the Next 50 Years
“Sustainable development” has gone from buzz word to business imperative in the two decades since the initial Earth Summit in Rio de Janeiro in 1992. Companies are increasingly evaluated on how well they address sustainability as a critical measure of their commitment to the triple bottom line – people, planet and profit. Stakeholders expect companies to develop sustainability and corporate responsibility…
Keeping a Watchful Eye
In 2014, Forbes Associate Director for Maritime Services at Control Risks stated that maritime risks are on the rise. Mariners and ship owner/operators experienced…
Monitoring for Efficiency, Safety
Ferry masters operating off the west coast of Scotland traditionally would have to sail to a port and on arrival visually assess the weather and tide conditions before deciding whether it was safe to berth alongside the pier or quayside: a process which wasted time and fuel, and frustrating the paying passengers. The berthing of ferries is a high skill job, particularly during bad weather, and the…
GOST Marine Security Video Recording Device
GOST (Global Ocean Security Technologies) released its next generation security video solution, the GOST Watch HD Internet Video Recorder (IVR). The new video recording system features a four terabyte hard drive – designed to capture and store video on a modern yacht – that is capable of continuously recording and storing 90 days of video from up to six cameras. The GOST Watch HD IVR system supports…
LUKOIL Marine Lubricants Launches iCOlube in the UK
To optimize vessel’s engine performance and efficiency, LUKOIL Marine Lubricants has developed the iCOlube system, which had its U.K. official launch on September 8, 2015 in London. According to LUKOIL, the iCOlube cylinder oil lubrication unit tailors the alkalinity reserve to engine load and fuel. The feed rate always stays at optimum level, while only the fuel sulphur content needs to be entered.
Baltic Sea Freight Index Remains Flat
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained unchanged on Monday. The overall index, which…
Glencore Assets Plunge But Hope for Bondholders Remains
Glencore's debt and equity plunged on Monday on the back of a damning analyst note, with only the commodity firm's shortest bonds maturing this year managing to resist the sell-off.
Manual Reporting Software Features Integrated Analysis
INTERSCHALT maritime systems AG, a provider of maritime software for cargo and fleet management, presented its solution for vessel performance monitoring, reporting and analysis software to industry professionals at the 5th International Conference on Ship Efficiency in Hamburg, Germany. The Bluetracker package from INTERSCHALT covers all the current requirements related to the efficiency management of a ship or entire fleet.
SBM Offshore Invited to Participate in Petrobras Tenders
Netherlands-based floating production solutions provider SBM Offshore announced that its main Brazilian subsidiary has received written notification from Petrobras…
Lock Closure Causes Big Losses on the Great Lakes
The 20-day closure of the MacArthur Lock at Sault Ste. Marie, Michigan cost U.S.-flag Great Lakes vessel operators nearly $250,000, according to the Lake Carriers’ Association (LCA). A misalignment of the miter gates forced the U.S. Army Corps of Engineers to close the lock on July 29, and it remained out of service until August 17. During those 20 days, U.S.-flag lakers were delayed 77 times for a total of 6.5 days. The cargoes delayed topped 1.8 million tons.
Calif. Forum Examines Transport ‘Beyond Traffic’
U.S. Maritime Administrator Paul “Chip” Jaenichen and Long Beach Vice Mayor Suja Lowenthal today hosted the third of 11 nationwide regional forums on the Beyond Traffic draft framework at Long Beach Convention Center. The Beyond Traffic report examines the trends and choices facing America’s transportation infrastructure over the next three decades, including a rapidly growing population, increasing freight volume…