Klüber Synthetic Gear Oils Offer Max Efficiency
Klüber Lubrication, manufacturer of specialty lubricants, provides high-performance gear oils that are based on high-grade raw materials and advanced additives, enabling maximum efficiency in the lubrication of gear components. Klübersynth GEM 4 N are high-performance gear and multipurpose oils based on polyalphaolefin that provide outstanding protection against wear with resistance to micropitting, foaming, and residue formation.
Norsepower’s Rotor Sail Wins Innovation Award
Norsepower Oy Ltd., the developer of the world’s first renewable energy-powered vessel technology, has received the ‘Innovation of the Year’ accolade at the 2016 Electric & Hybrid Marine Awards’ ceremony, which took place at Electric and Hybrid Marine World Expo in Amsterdam. Now in its third year, the Electric & Hybrid Marine Awards recognizes and honors the world’s finest manufacturers, suppliers, engineers, innovations and products, in electric and hybrid marine propulsion.
Oil Ends Higher in Choppy Trade ahead of Britain's EU Vote
Oil prices closed 2 percent higher after a volatile session on Thursday, with investors less worried about prospects for the global economy after the last pre-vote…
Subsea 7 Announces PLSV Swap off Brazil
Subsea 7 S.A. said it has reached an agreement with Petrobras to substitute a pipelay support vessel (PLSV) working off Brazil. The agreement will see the Subsea…
Turkey Launches F-513 TCG Burgazada
Turkish Navy’s third Milgem class corvette, the F-513 TCG Burgazada, created as part of the MILGEM project, was launched with a ceremony attended by Turkish President Recep Tayyip Erdoğan and Prime Minister Binali Yıldırım. TCG Burgazada is the third ship of the series built at Istanbul Naval Shipyard Command as part of the MILGEM project that was launched in order to build modern warships upon the 2004 decision of the Defense Industry Executive Committee.
Turkey to Modernize Pakistan’s Subs
The Turkish defense firm Defense Technologies and Engineering (STM) won the tender to modernize Pakistan's submarines against its French competitor DCNS, reports Daily Sabah. STM and Pakistan’s Ministry of Defence Production (MoDP) have concluded the deal to upgrade the Pakistan Navy’s three Agosta 90B (aka Khalid-class) submarines. The upgrade will be carried out in Pakistan. STM noted that the first…
Expanded Panama Canal Nears Inauguration
As the global shipping industry facing tough weather, the $5.25 billion expansion of the Panama canal is set to open Sunday (June 26), reports AP. The deeper, wider channel is designed to accommodate the world’s growing fleet of mega cargo ships and expanding trade between North America and the Far East. When the project opens, it will nearly triple the capacity of the original canal, allowing ships carrying up to 14,000 containers a quicker path between Asia and the USA.
Bronson Hsieh Leaves Evergreen to Head Yang Ming
Evergreen Group vice chairman Bronson Hsieh has been appointed chairman of rival Taiwan carrier Yang Ming Marine. Yang Ming Marine Transport, the nation’s second-largest container shipper in terms of fleet size, approved Hsieh’s appointment, reports said. Hsieh worked at Evergreen Group for more than 40 years before stepping down from his position earlier this year. Hsieh replaces Frank Lu, who has served as chairman of the shipping line since 2003.
Promoting National Maritime Transport Policy in Saint Lucia
A national workshop in Saint Lucia has brought together participants from various Government bodies and other stakeholders to discuss the development of a national maritime transport policy. The workshop is aimed at highlighting the promotion and development of such a policy as a good governance practice to guide planning, decision making and relevant legislative action. IMO is running the workshop…
BIMCO Launches New Standard Agreements for Novation of Shipping Contracts
BIMCO has published three standard novation agreements that provide a legal framework to change one of the original parties to a contract. Two of the agreements cover time charter parties; one provides for a change of charterer and the other a change of owner. The third agreement deals with a change of buyer under a shipbuilding contract. Corporate changes such as restructuring, sale of a company or…
Slowing Shipping Fleet Growth to Ease Officer Shortage
Slowing growth in the size of the shipping fleet will reduce the shortage of officers over the coming years, according to the latest Manning report published by global shipping consultancy Drewry. The global shipping fleet – encompassing all sectors except the non-cargo carrying ship types, such as tugs and passenger ships, and smaller coaster vessels, such as oil tankers and bulk carriers of less than 10,000 dwt – is expected to rise by a mere 300 vessels through 2016-2020.
Terntank's first 15000DWT Chemical Tanker Passes Sea Trials
The first dual-fuel two-stroke engine employing the low-pressure X-DF gas admission technology developed by Winterthur Gas & Diesel (WinGD) has passed the final milestone in its evolution from a technical concept to commercial operation as a marine main engine. The 5-cylinder, 500 mm bore, Wärtsilä RT-flex50DF engine employing X-DF technology is installed as the main engine driving a single propeller in the Ternsund, a low emissions 15,000 DWT chemical tanker.
Orca Energy ESS to Power Fish Farm Support Vessel
Grovfjord Mek. Verksted AS (GMV) has selected Corvus Energy as the supplier of the lithium ion based energy storage system (ESS) for a fish farm support vessel called GMV ZERO. GMV will utilize Corvus’ next generation Orca Energy ESS to support the vessel’s entire energy requirements for zero emission fish farm operation. Orca Energy is part of the recently announced Orca ESS product line from Corvus which is specifically designed for maritime applications.
Admiral of the Ocean Sea Award Recipients Named
The United Seamen's Service (USS) 2016 Admiral of the Ocean Sea Awards (AOTOS) will be presented to Arthur E. Imperatore, Founder and President of New York Waterways; Donald Marcus, President of the International Organization of Masters, Mates & Pilots; and Christopher Wiernicki, Chairman and CEO of American Bureau of Shipping. The maritime industry's most prestigious awards will be presented at the 47th annual gala industry dinner and dance at the Sheraton New York Times Square Hotel…
OSG Joins NYSE "Big Board"
Overseas Shipholding Group, Inc. (NYSE:OSG) (the “Company” or “OSG”) announced today that it has been approved by the New York Stock Exchange (“NYSE”) to transfer its stock listing to the NYSE from the NYSE MKT. The Company’s common stock, which will continue to trade under the ticker symbol OSG, is expected to commence trading on the NYSE effective Tuesday, June 28, 2016. Prior to that date, the Company’s common stock will remain on the NYSE MKT…
Vandermeiren is CEO, Antwerp Port
Jacques Vandermeiren (52) has been appointed CEO of Antwerp Port Authority as of 1 January 2017. He succeeds Eddy Bruyninckx who after 25 years at the head of the Port Authority is retiring on 31 December 2016. Until January 2015 Vandermeiren held the position of Chief Executive Officer of Elia, the listed company that operates the national electricity grid in Belgium. He can draw on extensive experience in the energy sector…
Countdown Begins for Expanded Panama Canal opening
History will be made in Panama on Sunday, June 26, when the first-ever Expanded Panama Canal is inaugurated. The COSCO Shipping Panama will transit through the new locks on this significant day, with the world as its audience. The Panama Canal Expansion project is the largest construction project undertaken in the waterway since its opening in 1914. Considered and analyzed for a decade with more than 100 studies…
MISC Publishes its 2015 Sustainability Report
MISC Berhad (MISC) today announces the publication of its 2015 Sustainability Report, covering the Company’s commitment, strategy and performance for the year ended 31 December 2015 and progress towards its sustainability goals. President / Group Chief Executive Officer Yee Yang Chien said that sustainability remains an integral part of MISC’s operations, from the way business is conducted, to how employees are managed…
Statoil’s 50 years to be Recorded
Statoil has decided to launch a large project to write the story about the company for its 50th anniversary in 2022. The University of Oslo has been chosen the main supplier in a project that will also involve other Norwegian research institutions. «Statoil’s history» will be a historical fact-based research project to be ready for the company’s 50th anniversary in 2022. The project aims to acquire…
MSC Jade Sails with MAN's Biggest Engine
The largest and most powerful engine from MAN Diesel & Turbo’s portfolio ever designed and built has entered service. Built by Doosan Engine in Korea and rated at 75,570 kW (103,000 horsepower), the engine is an MAN B&W 11G95ME-C9.5 two-stroke type that acts as prime mover aboard the MSC Jade. The 19,437-teu container vessel is operated by Mediterranean Shipping Company (MSC), the global container shipping company.