Migrant Vessel Sinks off Greece, 34 Dead
At least 34 people, including 11 children, drowned when their wooden vessel sank off a Greek island close to Turkey on Friday, the Greek coastguard said, in what…
China Pull Online Rig Location after Vietnam Complaint
Chinese maritime officials on Friday removed an online notice giving the location of a $1-billion deepwater oil rig in the South China Sea two days after issuing it…
Box Rates Drop, Chinese New Year No Help
Falling shipping freight rates for transporting containers from Asia to Northern Europe on Friday showed there was no traditional surge in cargo exports from China ahead of the Chinese New Year, indicating a bleak outlook for the industry. Spot freight rates on the world's busiest trade route have halved since the start of the year after falling 26 percent to $545 per 20-foot container (TEU) this week -- a level not considered to be commercially viable for most vessels.
Stena Bulk Takes Delivery of Product Tanker
The chemical and product tanker Stena Imperative has been delivered from the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME), formerly Guangzhou Shipyard International (GSI), in Guangzhou. The naming ceremony will be held in Hong Kong on January 26, 2016. The newly built IMOIIMAX tanker (length: 183 meters; beam: 32 meters) is equivalent in size to a 50,000 deadweight ton MR tanker and is equipped with 18 tanks…
Vessel Demand Concerns Extend Baltic Index Fall
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, extended its record low run to a 14th straight session…
SCHOTTEL Enters 2016 with Bag of Orders
SCHOTTEL, a manufacturer of propulsion and steering systems for ships and offshore applications, reports it has entered into 2016 with a bag full of new orders. The December orders underpin again the role the German manufacturer plays in the tug market. SCHOTTEL closed 2015 with eight orders for ASD tugs and a Rotor Tug with bollard pulls from 50 to 80 tons. The orders are covering the whole range of vessel types – tugs…
Nauta Yard Launches Offshore Vessel
Nauta Shiprapair Yard launched a partly outfitted service offshore vessel, Esvagt Njord, built for Norwegian client, Havyard Ship Technology. Taking place on January 22, the launching marks Nauta’s first in 2016. The contract for this unit was signed roughly a year ago, and today the ship launched from the slipway B1. Esvagt Njord was built at a rapid pace, simultaneously with other ship construction…
New DNV GL Notations for Water-lubricated Tail Shafts
Two new tail shaft monitoring class notations from DNV GL offer ship owners and operators the possibility of unlimited intervals between tail shaft withdrawal surveys for water-lubricated systems. With these two voluntary class notations, TMON (closed loop water) and TMON (open loop water), DNV GL becomes the first classification society to use a condition-monitoring based survey process that eliminates the requirement for tail shaft withdrawal surveys at predetermined intervals.
Magellan Midstream Eyes Crude Exports out of Houston
Magellan Midstream and LBC Tank Terminals are actively looking to develop crude export capacity at their joint venture in Houston, Texas, Magellan chief executive…
W&O Inks Distribution Deal with Tranberg
W&O, a global supplier to the marine and upstream oil and gas markets for pipe, valves and fittings, valve automation, and engineered solutions, announced a new OEM partner, Tranberg. A member of R.
First Certified Sustainable Shipping Loan
Issuer Anthony Veder Group, sole arranger ABN AMRO and sole investor Delta Lloyd Asset Management announcd today that the Anthony Veder €66 million euro private…
MHI Hybrid Turbochargers Awarded for Efficiency
Hybrid Turbocharger developed by Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME), received the President Award 2015 in the 36th Energy…
Fires Still Raging at Major Libyan Oil Terminal After Attack
Fires at oil storage tanks in the major Libyan terminal of Ras Lanuf were still raging on Friday more than 24 hours after an attack by Islamic State militants, a firefighting official said.
Greece to Restart Crude Oil Purchases from Iran
Greece's biggest oil refiner Hellenic Petroleum agreed on Friday to buy crude oil from the National Iranian Oil Company (NIOC), the first European refiner to restart…
Mexico Closes Gulf Oil Port as Cold Front Sweeps In
Mexico's Gulf port of Coatzacoalcos in the state of Veracruz was closed on Friday due to 82 kilometer-per-hour winds spurred by a cold front, port authorities said in a Tweet on Friday.
Vale: 200,000 Tns/Day of Iron Ore Halted at Tubarão Port
The court-ordered closure of miner Vale SA's Port of Tubarão in Brazil has blocked the loading of some 200,000 tonnes of iron ore per day, the company said in a Friday statement.
NASSCO Delivers Second LNG Containership
Fueled by liquefied natural gas, the Perla Del Caribe will join its sister ship, the Isla Bella, as the greenest containerships in the world. U.S. shipbuilder General Dynamics NASSCO today delivered the world’s second containership to be operated by liquefied natural gas (LNG), the Perla Del Caribe. The ship was delivered two months ahead of schedule and is the sister ship of the world’s first LNG-powered containership, the Isla Bella, also built by NASSCO for TOTE Maritime.
Van Oord Orders Cutter Suction Dredger
Van Oord has ordered a new cutter suction dredger from Royal IHC. The vessel, to be named Biesbosch, is a modular IHC Beaver 65 DDSP built at the yard in Sliedrecht…
Iran Plans Listing NITC to Fund Fleet Modernization
Iran plans to list its national tanker company to raise badly needed cash to upgrade its massive fleet and replace older vessels, as the middle east country prepares for an aggressive return to the global oil market. The country emerged from years of economic isolation last weekend after crippling sanctions were lifted in return for Tehran complying with steps to curb its nuclear ambitions. Iran has one of the world's biggest tanker fleets…
Tallink’s Next LNG Fast Ferry: Megastar
Tallink’s new LNG fast ferry scheduled to be delivered in 2017 will be named Megastar. The name was chosen among 21,550 name proposals submitted to the public name contest. According to the Chairman of the Board of AS Tallink Grupp, Janek Stalmeister, the name enables the operator to maintain unity among the names in the Tallink Shuttle fast ferry family.“As Megastar will be among the largest of her kind in the world, this name expresses perfectly the characteristics of the ship.