GSSC Announces Fall Meeting
The Gulf States Shipbuilders Consortium (GSSC) announced that its fall meeting will be held October 18-19, at the Holiday Inn in Mobile’s historic district. Highlights of the meeting include a presentation by U.S. Representative Bradley Byrne (R-Fairhope). Byrne will deliver an Update from Washington at the official meeting kick-off at the recently opened GulfQuest Maritime Museum on Oct. 18. Byrne is a member of the prestigious House Rules Committee…
Caterpillar Propulsion for New LNG Cruise Ships
Caterpillar Marine said its dual fuel engines have been selected for a new generation of cruise ships; tThe company’s MaK 16 M 46 DF dual fuel engines, along with the full LNG supply and handling system, are to be installed on four new ships, two apiece under construction at Meyer Werft’s Papenburg (Germany) and Turku (Finland) shipyards. Caterpillar Marine now offers all round LNG propulsion solutions – from shore-side bunkering to on-board storage…
Grand Bahama Shipyard Reopens after Hurricane
The largest shipyard in the Caribbean and Central America, Grand Bahama Shipyard (GBSL), has reopened for business after sustaining minor damages from Hurricane Matthew. Hurricane Matthew passed through Grand Bahama Island October 6, 2016 with winds up to 120 mph causing disruption and significant damage to the island’s infrastructure and the community in general. The yard reported minor damage, mainly to buildings and general property…
VLCC Rates to Hold Firm as Owners Await MidEast Cargoes
Freight rates for very large crude carriers (VLCCs), which rose to multi-month highs this week, are likely to hold firm as owners tread water before the release of further Middle-East and West Africa cargoes, ship brokers said on Friday. "The market is taking a bit of a breather. The market is waiting for Saudi Arabian cargoes," said Captain Ashok Sharma, managing director of broking house BRS Baxi Far East in Singapore.
Kazakhstan's Kashagan Ships First Oil for Export
The first batches of oil from the giant Kashagan oil field in Kazakhstan were shipped for export on Friday via two pipelines, the Central Asian nation's Energy Ministry said.
Freight Futures Market Avoids Tougher EU Information Disclosures
The European Union's securities markets regulator has dropped proposals to make participants in the multi-billion dollar commodity derivatives market for freight…
Euronav Pushes Delivery of Two VLCCs at HHI
Euronav NV announces today that it has agreed with Hyundai Heavy Industries (“HHI”) shipyard in South Korea to defer the delivery of the two VLCC ex-yard resale…
India to Double LNG Import
India plans to double its LNG import capacity in one year to augment gas based transport systems. The country will seek help from Russia and the US to make such ambitious plan possible.
Trawler Almost Capsized by British Submarine
Royal Navy incompetence put an Irish trawler crew at risk after one of its submarines became snagged in a net and nearly capsized the ship. The nuclear-powered sub…
Cosco Raises $1.8bln Capital
China’s COSCO Shipping Development Co Ltd announced a proposed nonpublic issuance of about 3.28 billion shares to specific investors, including its parent company…
Maersk Bullish on India
BRICS bloc export-import (exim) containerised trade with the world registered a growth of 5.8 per cent in the first half of 2016 as against de-growth of 2.2 per…
Hanjin Wants to Sell to Maersk
The Seoul Central District Court has approved a divestment of Hanjin Shipping's Asia-US network and the bankrupt carrier has encouraged Maersk Line to bid on the assets…
Zim Adds Pacific North West Service
Zim Integrated Shipping Services (ZIM) is introducing an additional Asia-Pacific North West Trade route, CEN – (China Express Northwest service) with the following…
Genco Shipping Chairman Resigns
Genco Shipping & Trading Limited announced that Peter C. Georgiopoulos has resigned from his role as Chairman of the Board, effective immediately. Arthur L. Regan…
New Helmholtz Institute for Functional Marine Biodiversity
Marine ecosystems provide us with food and raw materials, they have an impact on air quality and global climate, they break down harmful substances and serve as places of recreation and tourism.
Damen, NSTC offer Crew Training in Philippines
To mark this year’s Interferry Conference in Manila, the Philippines, Damen Shipyards Group has teamed up with Netherlands Shipping Training Centre (NSTC), Managed…
Reduction in Maritime Crime across World’s Traditional ‘hot spots’ - Dryad
The Gulf of Guinea, South East Asia and The Indian Ocean High Risk Area (HRA) have all seen a significant reduction of reported maritime crime throughout July, August…
Clyde Launches Training Facility
Clyde Training Solutions (CTS) opened central Scotland’s first dedicated marine and offshore international training centre. CTS – a newly established Clyde Group…
Ellicott Tallies Three Custom Dredger Contracts
Ellicott Dredges, LLC announced contracts for three new custom-designed dredges, all scheduled to be delivered before the end of 2017. In the first instance a major international chemical company selected Ellicott to build a custom electric bucketwheel dredge to mine salt in a very hard digging application. The new dredge, which will increase the mine’s output per operating hour and reduce its cost per ton of salt produced, will become the mine’s primary dredge.
MTS Expands Fleet With Multipurpose Landing Craft
Marine services provider Marine and Towage Services Group Ltd. (MTS) said it has purchased MTS Terramare, a multipurpose landing craft. The vessel enables the delivery of cargo, construction equipment and other materials directly onto land, without the need for dedicated dockside facilities, while also being able to operate as a diving platform for offshore salvage and development work. The ability of MTS Terramare to be used as a floating platform for diving survey…