New Milestones for America’s Newest Tall Ship
The U.S. Coast Guard has issued a stability letter to America’s newest tall ship for operation on exposed waters, confirming that SSV Oliver Hazard Perry exceeds their most stringent Sailing School Vessel standards for stability. This assures that the vessel is on track to begin offshore ocean voyaging in early 2017 following the successful near-shore sailing achieved this past summer. The first scheduled offshore passage will be south from Rhode Island to Florida, starting in January 2017.
BAE Systems to Begin Building Next UK Warships in 2017
BAE Systems said it will cut first steel for the U.K. Royal Navy’s Type 26 Global Combat Ships in Glasgow in summer 2017, subject to final contract negotiations with the U.K. Ministry of Defense (MOD). “Backed by Britain’s rising defense budget, the Type 26 Program will deliver a new generation of cutting-edge warships for our Royal Navy at best value for taxpayers,” said Defense Secretary Michael Fallon during a visit to BAE Systems’ shipyard in Glasgow. “The U.K.
LNG Price Gains Face Ceiling as New Supply Emerges
Asian spot liquefied natural gas (LNG) prices rose this week on the back of rallying gas benchmarks in Europe and a production outage in Angola. The price of LNG…
Brazil O&G Output Tops Record in Sept
Brazil's oil and gas output reached a record 3.36 million barrels per day of oil equivalent in September, according to a report released by the government's petroleum industry regulator ANP on Friday.
Bosch Rexroth Introduces Modular Hydraulic Power Units
Bosch Rexroth is launching a modular hydraulic power unit (HPU) program specially developed for the maritime and offshore market. These power units cover a power range of 350 to 3,000 kW, and have obtained the type approval by Lloyd’s Register. The program starts with a "basic" unit which can be expanded using all kinds of options. Because all variants are included in the modular options matrix, a design can quickly be calculated complete with dimensions and weights.
MAN Diesel & Turbo Sells First HyProp ECO System
MAN Diesel & Turbo announced that it has secured an order for a complete propulsion package for a chemical tanker. The order is significant in that it marks a “world-first”: the package is the first to feature a full HyProp ECO fuel-saving, hybrid propulsion system with PTO/PTH. The system will be employed aboard a 7,500-dwt stainless-steel chemical tanker ordered and operated by IÇDAŞ Çelik Enerji Tersane Ve Ulaşim Sanayi AŞ in Turkey.
Recent Vessel Sales: October 2016
Vessel sales for October2016 (as of November 1) as prepared by Shipping Intelligence, Inc., New York.
Ulstein Enters the Yacht Market
The Ulstein Group has secured an order to build its first vessel within the yacht segment: Ulstein Verft has signed a contract to build a yacht for a private owner, one of the world’s biggest ship owners. "The customer wants the characteristic X-BOW from ULSTEIN, and together with Espen Øino, responsible for the exterior design and GA-plan, we have developed a solid yacht project," said managing director Kristian Sætre at Ulstein Verft.
Wärtsilä to Power Chinese Sand Pumping Vessel
The Wärtsilä Yuchai Engine Company Limited (WYEC), a joint venture company founded in 2013, has been contracted to supply two 16-cylinder Wärtsilä 32 engines for a large new sand pumping vessel. The ship is being built at the Dongguan Xiandai Shipbuilding yard for a private Chinese operator, and the order with WYEC was placed in September. The ship will operate on both heavy fuel oil (HFO) and marine diesel oil (MDO).
DBL Group Bangladesh Enters Dredging Market
Dhaka-based business conglomerate DBL Group has recently launched its dredging business, DBL Dredging. To support its entry into this new market it ordered two IHC Beaver 50 cutter suction dredgers (CSDs), and two Delta Multi Craft (DMC) 1050 work boats. The two IHC Beaver 50s were delivered with a spud carrier pontoon, anchor boom installation, production measuring system and dredge track presentation system (DTPS). This will enable DBL to perform an efficient dredging operation.
SNAME Honors Thordon's Sandy Thomson
At the opening session of the 2016 SNAME Maritime Convention in Bellevue, Washington, George A. (Sandy) Thomson was elected a Fellow of the Society of Naval Architects and Marine Engineers (SNAME). This is quite an honor for Thomson who has a long family history in the maritime industry. Thomson’s great, great grandfather was a deep sea captain sailing the Great Lakes before becoming a lighthouse keeper…
Four Bids for STX Offshore, STX France Emerge
Four parties have expressed interest in buying one or both of South Korea's STX Offshore & Shipbuilding Co Ltd and a controlling stake in STX France SA, a spokesman…
OCEAN Alliance Vs 2M
With Ocean Alliance released its long-awaited network information, with members CMA CGM, China Cosco Shipping, Evergreen Line, and Orient Overseas Container Line to offer 40 services on the east-west trades with 498 port calls, battle looms in the global market as it challenges 2M, another major global container carrier alliance. According to China Daily, with a total carrying capacity of 3.5 million twenty-foot equivalent units…
Yang Ming Agrees to Pay Cuts
Yang Ming Marine Transport Corp management team has agreed to take steep pay cuts to weather a downturn in the global cargo shipping sector that has strained the company’s earnings. According to a report in Taipei Times, the company’s board of directors approved a plan to cut the salaries of first line managers by 30 percent, while executives’ pay is to be reduced by 50 percent. The pay cuts are estimated to yield annual cost savings of about NT$30 million (US$953…
DNV GL Adds New Functionality to ECO Insight
The latest release of DNV GL’s fleet performance management solution ECO Insight adds a range of new analytical and reporting features to the market leading portal. The new features enable shipowners to manage more vessel data than ever, with more frequent and higher quality results. “Our user community has rapidly grown into the largest single performance management group in the shipping industry…
Australian Navy Rolls out New Council
Royal Australian Navy’s drive to develop a modern and diverse workforce has accelerated with the launch of the Navy Diversity and Inclusion Council. The Council, launched by Deputy Chief of Navy will provide leadership as Navy’s peak decision-making body for guiding and monitoring the implementation of the Navy Diversity and Inclusion Strategy (2014-19). It will provide strategic guidance on priority…
Maersk Divest its Shares in Danske Bank
Danish shipping and energy giant A.P. Møller – Maersk A/S has sold its shares in the Danske Bank A/S for a total of DKK 3.2 billion (USD 477 million). Maersk owns 16.2 million shares representing 1.6 per cent of the total shares in Denmark's largest bank. Sales are made through an accelerated book building, which will also determine the price, according to Maersk. Following the placing, the shipping and energy firm will hold no shares in Danske Bank.
Liverpool2 Terminal Open for Business
One of the world’s most modern shipping terminals has been opened for business in the Port of Liverpool, offering a new state-of-the-art deep water gateway in the U.K. for the world’s largest containerships. Liverpool2 was officially opened Friday, November 4, 2016 by the U.K. Secretary of State for International Trade, Rt Hon Dr. Liam Fox MP, during an event attended by nearly 300 customers and stakeholders, complete with pyrotechnics and a performance by English singer Alison Moyet.
USN's MUOS-5 Satellite Reaches Orbit
The Navy's fifth Mobile User Objective System (MUOS) satellite has reached operational orbit and has successfully deployed its arrays and antennas. On Oct. 22, the MUOS team raised the MUOS-5 satellite to an operationally-suitable orbit. The team completed a series of deployments of the satellite's solar arrays and antennas, with the last occurring successfully Oct. 30. MUOS-5 launched June 24 from…
Blue Denmark in Need of New Competences
New technological developments and increasing competition from other countries may change future requirements for the education and competences demanded from Blue Denmark. This is shown in a new longitudinal study. Today, the Danish Maritime Authority – in cooperation with the Danish Agency for Higher Education – publishes a longitudinal study on the availability of qualified labour in Blue Denmark.