Oil Soars 6% as OPEC Reaches Deal to Limit Output
Oil prices jumped as much as 6 percent on Wednesday after OPEC sources said the group has reached a deal to limit crude output at its policy meeting in November, a source for the producer group said.
New Book Targets Better Ship Design
Bad ship design can make life onboard difficult and uncomfortable, cause accidents and even kill. Naval architects have a huge responsibility, but few of them have direct experience of how their designs affect those who use them. Improving Ship Operational Design, published by The Nautical Institute, hopes to make maritime operations safer and more effective by giving ship designers an insight into how those onboard work and live.
High-pressure Plunger Pumps with New Drive Tech
KAMAT has fundamentally revised the mechanical powertrain of its triplex plunger pumps for pressures up to 3,500 bar. As a result, the pumps operate much quieter, and the drive systems consume less energy - in particular in combination with a variable speed drive. According to this principle, KAMAT has developed a new powertrain for its high-pressure plunger pumps and has introduced these drives systems successively in all series.
Fuels of the Future
The imposition of a global 0.5% sulfur cap may be less than four years away. This clearly will eliminate residual fuel from the available fuel options unless you have fitted your vessel with a scrubber or other exhaust gas treatment technology in order to comply with MARPOL Annex VI emission regulations. At the start of 2015, permitted sulfur levels in emission control areas (ECA) dropped from 1% m/m to 0.10% m/m.
Container Shippers Raided in S.Africa over Suspected Collusion
Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The development comes as global container lines struggle in the worst-ever market conditions, caused by a glut of ships and slowing global trade, which has battered earnings and forced at least one out of business.
HMM Adopts INTTRA's eVGM Solution
Hyundai Merchant Marine (HMM) has expanded its longstanding relationship with INTTRA, the world's ocean shipping electronic marketplace, by adopting the INTTRA eVGM Service as a channel to facilitate compliance with the International Maritime Organization's Safety of Life at Sea (SOLAS) Verified Gross Mass (VGM) amendment. Under the new rule, which went into effect on July 1, 2016, every container must have a VGM - or certified weight -- in order to gain clearance to be loaded onto a ship.
Ecospeed Pays Dividends for Interscan
Trading in ice is the toughest challenge for a hull coating. Regular anti-fouling paints or simple epoxies are usually scraped off by the constant abrasion of the ice, and extra drydockings are needed to repaint, often after just one season. This was a major issue for Hamburg-based shipowner Interscan Schiffahrt, which controls a fleet of 23 vessels, many of them operating in the Baltic Sea and seas in the far north.
Combat System Integrator for Future Submarines
The Minister for Defence, Senator the Hon Marise Payne and the Minister for Defence Industry, The Hon Christopher Pyne MP today announced that Lockheed Martin Australia…
NYK Buys Stake in EMAS Chiyoda Subsea
NYK has acquired a 25 percent share of EMAS Chiyoda Subsea Limited (ECS), based on an agreement signed on June 10 with Ezra Holdings Limited (Ezra) and the Chiyoda Corporation (Chiyoda). ECS is a global player in the engineering, procurement, construction, and installation (EPCI) of subsea facilities — essential components in offshore oil and gas field development. After this acquisition, ECS’s shareholding structure will shift to Ezra 40 percent, Chiyoda 35 percent, and NYK 25 percent.
LR to class Federal German Seagoing Fleet
The WSV (Federal Waterways and Shipping Administration) represented by the Waterways and Shipping Agency (WSA) Bremen, a branch of the German government, is transferring…
Norsafe Eyes Military Sector
Following on it success in the military and professional sector, Norsafe said it will exhibit at Euronaval in Paris Le Bourget, from October 17-21, 2016. “Our business in the military sector is growing year on year and we want to capitalize on this so by exhibiting at Euronaval we can showcase our quality range to buyers from around the world,” said Øystein Schultz Sandberg, Vice President of Sales at Norsafe. On display will be a model of the Munin S1200, Norsafe’s high speed patrol boat.
Merger Unites Canada/US Shipping Voices
The Chamber of Marine Commerce will assume the assets, liabilities and staff of the Canadian Shipowners Association (CSA) following a new merger agreement that aims to create a united voice for commercial shipping in Canada and the United States. “We’re uniting two organizations that have successfully promoted the interests of commercial marine shipping for many decades,” said Wayne Smith, Chairman of the Chamber of Marine Commerce.
World Maritime Day 2016 – Shipping: Indispensable to the World
Shipping is indispensable to the world. That is the message being shared around the world today (29 September), as International Maritime Organization (IMO) and the global maritime community celebrates the annual World Maritime Day. World Maritime Day is an official United Nations day. Every year, it provides an opportunity to focus attention on the importance of shipping and other maritime activities and to emphasize a particular aspect of IMO's work. Each World Maritime Day has its own theme.
Protecting Global Maritime Traffic
The world economy depends on safe, protected, secure and sustainable maritime traffic. International Maritime Organization (IMO)’s Chris Trelawny outlined how sustainable maritime development, underpinned by good maritime security can support improved economic development, during the Offshore Patrol Vessels Middle East conference in Bahrain (28 September). Trelawny noted that while piracy and armed robbery is one threat…
Con-Green 2000 - Next Generation of Feeder Vessels
The largest container vessels are designed for the greatest possible efficiency – maximum intake, minimum fuel consumption. Their smaller cousins, however, have not received the same level of attention – but this is beginning to change, says Jai Oh Sun, Engineer / Pre-Contract, DNV GL AS. For the last few years, the titans of the container world have stolen the headlines; 18,000, 19,000 and even 20,000 TEU giants have arrived and reshaped the way goods are transported around the world.
Keppel FELS Delivers Accommodation Unit to Floatel
Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered Floatel Triumph, a fifth high-specification accommodation semisubmersible (semi), to Floatel International Ltd (Floatel). The semi, which is built to Keppel's proprietary SSAUTM5000NG design, will be chartered by Chevron Corporation for work in the Wheatstone field in Western Australia. Floatel Triumph is scheduled to arrive on location in mid-October 2016.
FreeSeas Sells M/V Free Maverick
FreeSeas Inc. announced that on September 26, 2016, it sold to unrelated third parties the M/V ‘Free Maverick’, a 1998-built, 23,994 dwt Handysize dry bulk carrier for a sale price of $1,925,000. The vessel’s mortgage has now been discharged. FreeSeas Inc. is a Marshall Islands corporation with principal offices in Athens, Greece. It is is a Greece-based transporter of dry-bulk cargoes through the…
Glander International Bunkering Merges with Scandinavian Bunkering
Glander International Bunkering, one of the industry’s oldest bunker trading and brokering firms, has announced that the group has merged with the Norwegian company Scandinavian Bunkering AS. Scandinavian Bunkering AS. was established in 1993 and as of September 26, 2016 the company will change its name and rebrand to Glander International Bunkering (Norway) AS. The merge will give way to a magnitude of new and improved resources on account of the union of two very strong entities…
Louisiana Cat: A ‘Gold Level’ Cat Propulsion Dealer
Erika Hamrick, Cat Marine Regional Sales Manager Americas officially recognizes Robert “Bobby” Webb, CEO at Louisiana Cat as the first Cat Propulsion Dealer in the Americas (left) Official document signing at the Reserve, La headquarters by Erika Hamrick and Bobby Webb. An official signing of the Cat Propulsion Dealer Agreement with Louisiana Cat commenced on August 22, 2016. Louisiana Cat has become…
Wärtsilä Funa Creates Speical Look for Genting Dream
Wärtsilä is supplying a special external lighting system for a new cruise ship currently under construction at the Meyer Werft shipyard in Papenburg, Germany. The 150,000 GRT vessel, the "Genting Dream", has been ordered by Dream Cruises, part of Genting Hong Kong, a global leisure company, based in Asia. The ship will be delivered in October. The order with Wärtsilä was placed in the first quarter of 2016.