Fincantieri Inks Cruise Repair Deal with HRDD in China
Italian shipbuilding group Fincantieri and Chinese shipyard specialized in ship repair and refitting activities Huarun Dadong Dockyard (HRDD) have signed in Shanghai an exclusive cooperation agreement in the field of ship repair and conversions aimed at serving the cruise ships based in China. The deal includes the development of technical skills, project management and logistics procedures. In particular…
Alfa Laval to Expand Test & Training Center
The Alfa Laval Test & Training Center in Aalborg, Denmark will soon be expanded to five times its current size. This development, focused on liquefied natural gas (LNG) and other alternative fuels, aims to address new challenges and possibilities for marine customers as they strive to meet environmental and energy targets. Alfa Laval said the expansion will create the world’s most advanced test center for environmental and combustion technology – regardless of fuel type.
AlphaBridge Installed on Serco Defense Newbuilds
Alphatron Marine has delivered its AlphaBridge for the Escape Gear Ship (EGS) and Rescue Gear Ship (RGS) built by the Damen Shipyards Group in Vietnam. The multifunction, fully integrated bridge is installed on the 93-meter RGS Stoker and 83-meter EGS Besant, built for Serco Defence to support the Royal Australian Navy (RAN). MV Stoker is the RAN’s newest Rescue Gear Ship, managed by Serco Defence.
UN Resolution will Give N.Korea a Sharp Choice
A U.N. resolution due for debate later on Wednesday will give North Korea a sharp choice between pursuing its own nuclear programs or re-engaging with the world and looking out for its own people…
Firmer Demand for Panamaxes, Smaller Vessels Supports Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose further on Wednesday, on improved rates for panamaxes and smaller vessels.
Heavy Lift: Massive Gas Turbine Shipped to Turkey
A special loading operation has taken place in Bremerhaven, involving Rickmers-Linie’s MV Rickmers Hamburg, a 485-metric-ton Siemens gas turbine, a 465-metric-ton Siemens generator and German project freight forwarder Bertling. Not only did the operation involve the transport of the largest gas turbine ever manufactured by Siemens, it also marked the first call of this class of Rickmers-Linie ship – a 30…
Foreship Counsels Polar Forethought
Goal-based concept design is key to ensuring new generation exploration ships can enter unforgiving polar seas in comfort and safety, according to Foreship, the…
China to US: Don't Sensationalize S.China Sea Dispute
China's Foreign Ministry urged the United States on Wednesday not to sensationalize the South China Sea dispute after U.S. Defense Secretary Ash Carter said Beijing's…
Statoil and ExxonMobil Win Irish Oil Licenses
Oil majors Statoil and ExxonMobil have been awarded six options to search for oil and gas offshore Ireland in the country's latest licensing round, Statoil said on Wednesday.
Japan Skips Import of Feed Wheat and Barley via Tender
Japan's Ministry of Agriculture said it would skip import of feed-quality wheat and barley for livestock use via a simultaneous buy and sell (SBS) auction that closed late on Wednesday.
More Vessels Need to Be Scrapped to Restore Balance -Norden
Danish shipping company D/S Norden said the dry cargo market reached its lowest point last year and will not recover this year under the weight of overcapacity and the Chinese economy's transition away from an industrial economy. China's insatiable appetite for coal and iron ore that profitable freight rates for dry cargo vessels has now gone, Chief Executive Jan Rindbo said on Wednesday. "The industry undergoes huge changes these years.
Bureaucrat and Old Fungus Law Hold Egypt's Wheat Supplies Hostage
A global grain glut should make purchasing wheat cheap and easy for Egypt, the world's biggest importer, but traders say one bureaucrat has made it anything but.
Singer Appointed Non-Executive Director, Rolls-Royce
Rolls-Royce today announced the appointment of Bradley Singer as a Non-Executive Director. He will join the Board with immediate effect and will become a member of the Science and Technology Committee. Brad is a Partner and Chief Operating Officer of ValueAct Capital, the San Francisco based Investment Company. ValueAct Capital is currently the largest investor in Rolls-Royce with a shareholding of 10.8%.
Seafarers' Unions Hold International Cruise Seminar in India
NUSI alongwith Norwegian Seafarers Union (NSU), FIT-CISL and International Transport Workers Federation (ITF) together organized the Fifth International Cruise Seminar in India. This time the seminar was organized in Bangalore from January 19th -23rd, 2016. Around 75 seafarers from various cruise lines such as NCL, RCCL, Silverseas, P&O, Louis Cruise Lines and others participated in the seminar. The participants held all types of positions onboard…
Scorpio Charters-In Handymax Trio
Scorpio Tankers Inc. (NYSE: STNG) announced agreements to time charter-in three ice class 1A Handymax product tankers. The Company has entered into time charter-in agreements with an unrelated third party on three ice class 1A Handymax product tankers. Each agreement is for three years at $15,600 per day, and the Company has two consecutive one year options to extend the agreements at $16,500 per day and $17,500 per day, respectively.
IRClass' Expansion in SE Asia Underway
The Indian Register of Shipping (IRClass) is gearing up to expand its activities in Singapore and throughout South East Asia with plans for opening two more offices in the region over the next two years. IRClass, with a diverse portfolio of services across the marine sector, will be hosting the second meeting of its Singapore Advisory Committee on Friday 18 March. The remit of the committee, which is chaired by Denis Welch…
Constrains on Iran Oil Shipping Insurance Still Remain
The chief executive of Frontline, one of the world's largest independent tanker firms, said it is likely to take another two or three months until insurance for cargoes carrying oil from Iran is secured, according to a report in Tasnim. "We have not lifted anything yet, there are still terms of insurance and payments. There are still some outstanding (issues). (But) we expect that to be in place within two to three months," said Robert Hvide Macleod.
Gassco Examines Feasibility of CO2 Shipping
Gassco has commissioned Knutsen OAS Shipping and Larvik Shipping to study transport of CO2 by ship in connection with the Norwegian government’s full-scale project for managing this greenhouse gas. In cooperation with Gassnova, Gassco has earlier studied CO2 handling chains. “The transport study will help to ensure that the government’s ambition of realising at least one full-scale CO2 facility by 2020 can be met,” says Gassco CEO Frode Leversund.
OSG Reports $284m Profit In 2015
Overseas Shipholding Group, a provider of oceangoing energy transportation services, reported results for the fourth quarter and full year 2015. The company reported net income of $9.3 million in its fourth quarter. The crude oil and petroleum transportation company posted revenue of $243.7 million in the period. For the year, the company reported profit of $284 million, or 49 cents per share. Revenue was reported as $964.5 million. The Board has declared a dividend of $0.08 per share.
Box-Weighing Changes 'Impossible' for Shippers
Global Consolidators Working Group(GCWG) has urged the International Maritime Organization (IMO), an arm of the United Nations that regulates shipping safety, to provide more detail about the much-debated container verification rules, set to be introduced by July 1, according to a report in WSJ. Consolidators say an impending rule demanding certified weights for shipping containers leaves their business boxed out.