Only One Bidder for STX France
The South Korean court handling the bankruptcy proceedings of STX Offshore & Shipbuilding Co. said that only a single bidder had submitted a binding proposal to buy the shipyard's profitable French unit, says a report by AFP. STX France, which specialises in building cruise ships, is the only profitable unit of STX Offshore, which filed for receivership in May. Italian shipbuilding giant Fincantieri SpA…
Gloomy 2017 for Korea Shipyards
South Korea‘s three majors shipbuilders are forecast to get much fewer orders next year, Yonhap reports quoting industry sources. The three shipyards - Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) - are struggling to set their order targets for next year due to the global vessel glut and fiercer competition from Chinese rivals. The…
Navy Foils Piracy Plot in Malacca
Indonesian Navy arrested six alleged pirates attempting to hijack a foreign-operated tanker near the Malacca Strait, one of the world’s busiest trade routes, reports The Jakarta Post. Six suspected pirates operating in the Malacca Straits were caught by Western Fleet Quick Response Team of Tanjung Pinang base on Monday in Batam waters in Riau Islands. The group was suspected of plotting attacks on tankers passing through eastern Malaysia. The Tanjung Pinang Navy base commander, Comm.
Dryships to Sell $200 mln of Stock to Kalani Investments
DryShips Inc., an international owner of drybulk carriers and offshore support vessels, announced today that it has entered into an agreement with Kalani Investments Limited, an entity organized in the British Virgin Islands and that is not affiliated with the Company. Under the agreement the Company may sell up to $200.0 million of its common stock to Kalani over a period of 24 months, subject to certain limitations.
Euroseas Sells Bulker, Adds Boxship
Euroseas Ltd., Greek owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced that it took delivery of the M/V RT Dagr, a 1,645 teu feeder containership built in 1998. As previously announced, the vessel was purchased by issuing 900,000 shares of the Company's common stock. The Company also announced that it agreed to sell for scrap the M/V Eleni P, a 72,119 dwt 1997-built drybulk carrier.
FESCO Fleet Adds New Ice-class Container Vessel
The container vessel “FESCO Nagaevo” with deadweight of 5 215 tons joined the fleet of FESCO Transportation Group. The vessel will operate under the Russian flag, the port of registry is Vladivostok. The vessel’s full capacity is 508 TEU, and the ship can carry up to 52 refrigerated containers. The ice rate meets the standards required for operation in the Far East region. The vessel is fitted with modern equipment and has a high-class automation system.
Petterson Named Great Lakes CEO
The Board of Directors of Great Lakes Dredge & Dock Corporation, provider of dredging, environmental and remediation services, announced the selection of Lasse Petterson as CEO…
Delta ‘T’ Systems Expands Production
Marine ventilation systems company Delta “T” Systems said it has reconfigured its two 15,000 sq. ft. manufacturing spaces and added tooling and related equipment. The change accommodates the timely construction of the company's new USCG approved A60 Slimline Fire Damper and streamlines the production of the rest of its product lines. According to Delta “T” Systems, the new manufacturing equipment, plus other upgrades throughout the buildings, enhance its efficiency within all of its departments.
Great Ships of 2016: Carnival Vista
Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. Carnival Vista is the new flagship of the fleet of Carnival Cruise Line, brand of the Carnival Group, delivered from Fincantieri’s shipyard in Monfalcone. With its 133,500 gross tons and 323 meters in length, Carnival Vista, which flies the Panama flag, is not only the 13th ship built so far by Fincantieri for the fleet of Carnival Cruise Line, but also the largest.
Arpoador Shipyard and Pre-salt FSVs
Logistics hubs and Fast Supply Vessels will be key assets in the complex offshore transport solution Petrobras has devised for moving workers and goods, to and from Brazil’s remote pre-salt plays. Here is a look at a modern local shipyards building the heavy-duty aluminum vessels, with overall lengths ranging from over 30 meters to around 50 meters. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil spoke to Flavio Santarelli, Arpoador Shipyard’s Director of Operations.
Crowley's Petroleum Transport Unit Takes the Long View
The mantra at Crowley is “safety” and “people,” but it’s not simply words, rather embedded practice starting from the top. Robert Grune, SVP & GM, Crowley Petroleum Services talks to Maritime Reporter regarding this ubiquitous company’s historic success and promising future in the petroleum transport sector. Robert Grune leads one of Crowley’s six business units, responsible for U.S. flag Jones Act oil transportation business.
Oil up 1.7%, Adds to Year's Gains Ahead of OPEC Cuts
Oil jumped 1.7 percent Tuesday, continuing its year-end rally with support from expectations of tighter supply once the first output cut deal between OPEC and non…
Chilean Wood Products Export to Shrink in 2016
Chilean forestry exports will total $5.3 billion by value in 2016, 3 percent less than last year, as supply has increased and the economies of key export markets remain sluggish…
Lubricants: Mitigating Risk without Sacrificing Performance
A new entry to the EAL lubricant race emerges from RSC Bio Solutions. Deep roots, new technologies and familiar names create the basis for a different way of approaching marine lubricants. It isn’t surprising that RSC Bio Solutions, a provider of environmentally acceptable lubricants (EALs) and cleaners, chose the SMM 2016 trade exposition in Hamburg, Germany as the platform to launch its newest product.
MANSA opposes MbPT's Revision of Ship Agents' Bank Guarantee
Mumbai and Nhava Sheva Ship Agents Association (MANSA) has requested the Mumbai Port Trust to re-consider the proposed bank guarantee amount levied on vessels calling at the port. In a letter addressed to the Mumbai Port Trust, MANSA said, “The time given for introducing this change may be extended till January 2017 end in view of the prevailing state of the banking to cope with work of demonetization and after effect.
Just One Bid So Far for STX France
Only one bid has been received so far for shipping group STX France, said a Korean court on Tuesday. A spokesman for the Seoul court overseeing STX Offshore's receivership…
OceanSaver BWTS Earns USCG Approval
OceanSaver said it has received the final type approval certificate from U.S. Coast Guard as the first ballast water treatment system (BWTS) supplier utilizing electrochlorination. This means that a USCG type approved system is now available for medium and large vessels like LR1s, VLCCs and large gas carriers. U.S. regulations require all vessels trading in U.S. waters to treat ballast water with USCG type approved ballast water treatment system before discharge.
Great Ships of 2016: NYK Blue Jay
Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. Japan Marine United Corporation delivered the 14,000 TEU container ship NYK Blue Jay, which is chartered by Japanese shipping company Nippon Yusen Kaisha (NYK), the first of 10 that the shipyard is building for NYK for operation on the Asia-European shipping lanes. While on the outside NYK Blue Jay may appear a standard containership…
Fincantieri the Sole Bidder for STX France
Italian shipbuilding and construction group Fincantieri SpA is the only bidder for shipping group STX France, a source close to the matter said on Tuesday. The sale of STX France…
ClassNK Amends Its Shipbuilding Rules
Classification society ClassNK has released amendments to its Rules and Guidance for the Survey and Construction of Steel Ships. Amendment related to the Closing Appliances for Air Pipes in Machinery Rooms, etc. The ClassNK Rules and Guidance are available via ClassNK’s website, www.classnk.com.