Oil Prices Soar 4%
Oil prices jumped 4 percent on Tuesday, bouncing back from multi-month lows on expectations that OPEC will agree later this month to cut production to reduce a supply glut.
Hunter Maritime Acquisition Launches IPO
Hunter Maritime Acquisition Corp. announced the commencement of its initial public offering of 15,000,000 units at a price of $10.00 per unit. Each unit consists…
Hawes Joins TMG
Kevin Hawes has started at Seattle-based maritime services company and consultancy The Maritime Group (TMG) International Ltd., as Business Development Manager and Senior Consultant. Based at TMG’s London office at Victoria Embankment, he brings a wealth of commercial experience gained since leaving the British Royal Navy as a Lieutenant Commander in 1993. His appointment comes as TMG continues to grow, including a new website and recent ISO 9001 quality accreditation.
GE Signs MOU to Develop COGES LPG-Fueled Ferry Design
GE Aviation’s marine gas turbine business signed a multilateral memorandum of understanding (MOU) to cooperate in the joint development of LPG-fueled ferry design. The ferry will feature GE’s compact and lightweight Combined Gas Turbine, Electric and Steam (COGES) system for all ship power, including propulsion. Participating in the MOU signing were Youngsung Global CEO Bumsu Ku, DINTEC Director Hunsoo Ha…
Silverstream Air Lubrication for Cruise Ship Refit
Silverstream Technologies, makes of air lubrication technology for the shipping industry, signed a contract with a major cruise line to retrofit its proprietary Silverstream System on one of its vessels. The Silverstream System will be retrofitted onto the vessel in 2017. Extensive performance analysis of data from Silverstream’s original sea trial funded by Shell confirmed consistent net efficiency savings in excess of 4% and up to 8% for larger vessels.
Long Beach Volumes Dip on Hanjin Fallout
October container volumes were down 6.2 percent at the Port of Long Beach compared to the same month last year, as the fallout from the Hanjin bankruptcy continues to settle. According to the port, a total of 581,808 twenty-foot equivalent units (TEUs) moved through docks last month. Export TEUs were 1.2 percent down, relatively flat compared to last October, to 126,770 TEUs. Total imports were 296,711 TEUs, 3.7 percent off.
Hyde Marine to Host a Ballast Water Symposium
An informational seminar will cover “everything ballast water”, from regulations and implementation requirements under the U.S. Coast Guard regulations to the IMO Ballast Water Management Convention. The one-day symposium, to be held by Hyde Marine on November 28 in conjunction with the International WorkBoat Show in New Orleans, will provide key information from the lessons learned from the company’s more than 460 units sold.
Danish Maritime Authority to Publish 2 Years of AIS Data
It will soon become possible to access automatic identification system (AIS) data covering the last two years. Thanks to the Danish Maritime Authority (DMA), historical data from as far back as October 2014 will be available (in Danish) from www.soefartsstyrelsen.dk. AIS is a very high frequency (VHF) based navigation and anti-collision tool that enables the exchange of ship-to-ship information. This information is collected in a shore-based AIS system operated by the DMA…
Rederij Doeksen Plans Freight Catamaran Conversion
Rederij Doeksen has contracted Damen Shiprepair Harlingen to carry out the conversion of its 47.15-meter-long freight catamaran, Noord-Nederland. The conversion work will provide Rederij Doeksen with increased capacity to manage seasonal fluctuations in freight demands. The repair yard has already begun preparations for the conversion process. A major part of their work will be lengthening the vessel’s hull by about 20 meters.
Fatal 'Duck Boat' Crash Blamed on Mechanical Failure -NTSB
A failed front axle on an amphibious "duck boat" led to a deadly Seattle collision between the vehicle and a charter bus that killed five international students…
MPFSV Harvey Stone Delivered to Harvey Gulf
The Harvey Stone is a Multi-Purpose Field Support Vessel (MPFSV) that will serve as a dedicated field support vessel for the Shell Stones FPSO offshore terminal. Her primary duties will be to operate as the dedicated pull-back tug, in support of, and assisting the berthing, loading and unberthing of offtake tankers of up to 46,287 SDWT. The vessel is expected to escort the above FPSO in the event of…
Scrubbers Set to Help Shippers Meet the New Sulfur Cap
The 0.5 percent global sulfur cap by 2020 requires marine industry action. “By 2025, up to 20 percent of the global fleet could have [scrubber] technology installed…
GLDD Sells Terra Contracting Assets
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the U.S. and a major provider of remediation and geotechnical services, announced…
Use Training to Direct the Future of Shipping says ICS Chairman
Training acts not only as a career enhancer, but also plays an essential role in the modernisation of the shipping industry as a whole, said Esben Poulsson, Chairman of the International Chamber of Shipping (ICS) today, as he delivered the keynote speech at this year’s Crew Connect Global Conference in Manila. “The future sustainability of the industry requires an evolutionary response to the training and retention of seafarers,“ he stressed.
CLIA, ECSA Welcomes European Directive on Port Reception Facilities
The Cruise Lines International Association Europe (CLIA Europe) and the European Community Shipowners’ Associations (ECSA) welcome the revision of the European directive on port reception facilities for ship-generated waste and cargo residues. Whereas the directive has produced positive effects since its entry into force, there are however a number of shortcomings that need to be addressed. The evaluation of the Port Reception Facilities Directive is therefore essential.
Amphibious Operations a Joint Effort
Staff from Brisbane-based 1st Division/Deployable Joint Force Headquarters joined other Defence representatives for an amphibious force staff exercise in Townsville in October. Conducted by the Amphibious Task Group, the exercise provided an opportunity for personnel representing the key enablers of Australia’s amphibious capability to discuss the future. Joining in were personnel from HMA Ships Canberra…
IMO’s Climate Change Mandate
An audience of lawyers and academics have heard that the United Nations Convention on the Law of the Sea (UNCLOS) gives a clear mandate for IMO to prevent, reduce and control pollution of the marine environment from or through the atmosphere and to address climate change. The International Maritime Organization's (IMO) Fred Kenney, speaking at seminar in London on November 14, said that Article 212…
East Asia Environmental Treaties Project Mulls Next Steps
Participating States in a highly successful International Maritime Organization (IMO)-Norad environmental project have wrapped up the project in a final meeting, during which they pledged to continue to forge ahead with the implementation of key IMO marine environmental conventions. During the meeting in Bali, Indonesia (9-11 November), the six east Asian beneficiary countries highlighted the major goals reached during the project…
Deutsche Schiffahrts-Agentur Opens Office in Munich
The Deutsche Schiffahrts-Agentur (DSA) has been operating an office in Munich since October 2016, meaning it is now represented in four German cities. In addition to the new office in Munich, there are locations in Dusseldorf, Frankfurt am Main, and Stuttgart. Founded in 1987 as a joint venture between the Hamburg Süd shipping group and Deutsche Afrika-Linien (DAL), DSA brokers all Hamburg Süd services for its customers.
APL Doubles Frequency of Guam Saipan Express Service
APL has announced the introduction of a second vessel to its Guam Saipan Express (GSX) service. Serving both Guam and Saipan, the APL U.S. flagged service will be refined from a fortnightly to a weekly service. “The enhancement of the GSX service is timely as infrastructure development, tourism and commercial activities continue to build up in Guam. Being a trusted U.S. flagged carrier, APL aspires to actively contribute towards these developments with our container shipping services.