Marsol Launching Rhino Craft in Dubai, Abu Dhabi
Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, will be launching and demonstrating its Rhino Craft 750 HDPE vessel at exclusive events in Abu Dhabi and Dubai. The multi-purpose workboat is fabricated from ductile, high strength polyethylene and has been designed with a primary focus on the offshore oil and gas and coastal patrol markets, based on years of hands-on offshore experience.
Blohm+Voss Strengthens Team
Blohm+Voss has appointed Jean-Gabriel Tridon as General Manager and Dieter Pladeck as Finance Director for its new maintenance and refit facility in La Ciotat in the south of France. The company has filled the two management positions only two weeks after winning the local tender of La Ciotat Shipyards for the setting up of the new site. In La Ciotat, Blohm+Voss will focus on the maintenance and refit of megayachts of over 80 meters in length.
Polar Cruise Ships: Rolls-Royce Signs $33M Deal
Rolls-Royce has signed a contract worth about $33m with the ship building company Kleven in Norway for design and ship equipment to two new polar cruise vessels, with an option for two additional vessels. The contract between Kleven and Rolls-Royce follows the conversion of a letter of intent into a firm contract signed between Kleven and Hurtigruten. Helge Gjerde, Director of Offshore and Merchant Solutions…
Fratelli Neri S.p.A. Orders Three Damen Vessels
Fratelli Neri S.p.A., the family-owned, Livorno-based harbor towage company, has ordered three new Damen vessels; an ASD Tug 2913, a Stan Tug 1606 and a Stan Launch 1305, the last for its subsidiary company Labromare, which is 50% owned by Tripmare S.p.A. All three vessels will operate in and around the port of Livorno, one of the busiest in the Mediterranean Sea. Delivery will take place in November this year.
PALFINGER Makes Takeover Bid for TTS
The takeover bid made by the PALFINGER Group for the Norwegian ship equipment supplier TTS Group ASA, listed on the Oslo Stock Exchange, was approved and published…
Baltic Index Firms on Panamax, Smaller Vessels
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday on firmer rates for panamaxes and smaller vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 3 points, or 0.4 percent, at 748 points. The panamax index was up 11 points, or 1.27 percent, at 874 points. Average daily earnings for panamaxes…
Stolt-Nielsen buys Jo Tanker's Chemical Tanker Ops
Stolt-Nielsen buys competitor's chemical tanker operations. Deal includes 13 chemical tankers and 50 pct in 8 newbuilds. Stolt-Nielsen agrees to acquire the chemical tanker operations of Jo Tankers. Stolt-Nielsen says total purchase price is approximately $575 million, including proportional share of newbuildings in joint venture. The transaction comprises 13 chemical tankers and a 50 pct share in a joint venture with eight chemical tanker newbuildings.
Shipping Oversupply Persists Despite Scrapping Increase: Drewry
A record number of around 150 container vessels are expected to be scrapped in 2016 but it will not be enough for an industry battling over capacity, low demand and falling rates, consultancy firm Drewry said. In 2015, demolitions were less than half of the expected 2016 level but it will not be a real relief for the struggling container shipping industry. "This will only make a dent into the over-capacity built during the 2010-15 period," Drewry wrote in a note.
Alfa Laval Dips on Q2 Profit, Margin
Q2 adjusted EBITA SEK is 1.39 bln vs year-ago 1.82 bln and 1.44 bln seen in Reuters poll. CEO says sees slightly lower demand in Marine & Diesel division in Q3 vs Q2. Sees Equipment division demand flat or somewhat lower in Q3 vs Q2. Alfa sees positive FX impact of SEK 475 million in 2016 and 100 million in 2017 and says strategic review that was announced in previous quarter is continuing according to plan. Additionally, the firm says result of this review will be presented before end of year.
China Admiral: 'Freedom of Navigation Patrols' could end 'in disaster'
Freedom of navigation patrols carried out by foreign navies in the South China Sea could end "in disaster", a senior Chinese admiral has said, a warning to the United…
China: South China Sea Construction to Continue
China will not halt the construction of islands and reefs in the South China Sea, state media reported the head of China's navy saying on Monday. China will not…
Hapag-Lloyd, UASC Merger
Hapag-Lloyd and UASC have signed a Business Combination Agreement. The Combined company will rank among the world´s five largest liner shipping companies and will operate one of the most modern fleets in the industry / Company will operate 237 vessels with total transport capacity of around 1,6 million TEU / Qatar Holding LLC and The Public Investment Fund of the Kingdom of Saudi Arabia to become new key shareholders of Hapag-Lloyd.
Man Rescued near Grays Harbor, WA
A Coast Guard Station Grays Harbor crew aboard a 29-foot Response Boat-Small II rescued a man who was swept out to sea while wading in the water near the Grays Harbor north jetty at Ocean Shores, Washington, Sunday. The man, in his early twenties, who drifted approximately 300 yards past the tip of the jetty, was rescued from the water by the small boat crew, treated for hypothermia, and taken back…
AFMA Moves to Strengthen Seabird Safety
Being followed by an albatross is considered to bring good luck to mariners but the birds themselves aren’t always so lucky when trying to pick up a free feed from fishing boats. To better protect seabirds from fishing gear, AFMA has been working with the fishing industry to develop new devices for fishers to use. Following successful sea trials of two new devices led by the South East Trawl Fishing…
Ong Appointed Company Secretary, Triyards Holdings
The Board of Directors of Triyards Holdings Limited announced that Mr. Yeo Keng Nien has resigned as the Company Secretary of the Company with effect from 15 July 2016. The Board would like to thank Mr. Yeo Keng Nien for his contributions during his term of service as the Company Secretary of the Company and wishes him success in his future endeavours. The Company informed that Mr. Shannon Ong has been appointed as the Company Secretary with effect from 15 July 2016.
Philly Shipyard to pay Dividend
Philly Shipyard, a U.S. commercial shipyard constructing vessels for operation in the Jones Act market has announced acash dividend to be paid by PHLY. Other information: The dividend is classified for accounting purposes as a repayment of previous paid in share premium.
Coast Guard IMSARC Demo a Success
The Irish Coast Guard coordinated a successful Marine Search and Rescue demonstration on Saturday 16th July. The exercise in Moville Co Donegal involved some of Ireland’s principal Search and Rescue resources. Participants included Donegal based volunteer Coast Guard units, the Sligo based Coast Guard Rescue Helicopter, Naval ship LÉ Orla, Air Corps Casa, RNLI’s new Shannon Class All Weather Lifeboat…
HMAS Darwin Returns from Middle East Deployment
Family and friends joined Chief of Navy, Vice Admiral Tim Barrett on the wharf at Garden Island, Sydney to welcome HMAS Darwin home from a successful Middle East deployment. During her Operation MANITOU rotation, Darwin and her Ship’s Company seized a large cache of illicit weapons and narcotics. Vice Admiral Barrett praised Darwin’s Ship’s Company on their accomplishments. “By removing weapons and drugs from circulation…
ICTSI Australia Secures AUD398 Mln Loan
On July 15, 2016, Victoria International Container Terminal (VICT) signed a syndicated loan facility worth AUD 398 million (approximately USD 300 million) with seven leading global financial institutions, namely: Citibank N.A., KFW IPEX-Bank, Standard Chartered Bank as Mandated Lead Arrangers and Bookrunners, Bank of China Limited, DBS Bank Ltd., Investec Bank PLC as Mandated Lead Arrangers, and Cathay United Bank as Lead Arranger.
Vesper Marine to Protect LIS Underwater Cables
Vesper Marine announced that it has provided its virtual Automatic Identification System (AIS) to New York Power Authority (NYPA) to protect submerged power cables in Long Island Sound. The WatchMate Asset Protection System is the first U.S. installation of a system combining virtual AIS technology to mark subsea cables in conjunction with highly integrated and advanced software for monitoring vessel…