Vessel Automation: Command & Control
The marine industry is becoming increasingly competitive, with many looking to lower transportation costs while demanding the highest environmental and safety standards. Automating vessel operations and systems can significantly improve a vessel owner’s competitive edge in the market, by reducing staffing requirements, improving asset management, maintenance costs and minimizing risk of environmental incidents due to human error.
Great Ships of 2016: Sunray
Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. Builder: SungDong Shipbuilding & Marine Engineering Co., Ltd. Owner: Tsakos Energy Navigation Ltd. Sunray is the first vessel in a series of two LR I Product oil Carrier, built by SungDong Shipbuilding & Marine Engineering for Tsakos Energy Navigation Ltd. The vessel is built under…
How Will OPEC’s Cuts Affect Tanker Markets?
After a year of tumultuous political and policy upheaval, both oil and tanker markets are undergoing a process of rebalancing. The fourth quarter of 2016 is capping what has been a mixed 12 months for the tanker markets. The agreement by OPEC members and non-members alike to cut production in an attempt to reduce oversupply will be a core determinant of conditions in 2017. The latest MSI Quarterly Tanker Market analysis finds that despite the cuts having a limited negative near-term impact…
Chinese Carrier Docks After Drill Amid Taiwan Tension
China's sole aircraft carrier has arrived at a naval base on the southern Chinese province of Hainan, a senior Taiwanese military officer said on Wednesday, after…
Van Oord to Reinforce Houtrib Dike
Van Oord announces that the Dutch Directorate General for Public Works and Water Management (Rijkswaterstaat) intends to award the contract for the reinforcement of the Houtrib dike to Van Oord and its partner Boskalis. The contract carries a value of EUR 90 million of which Van Oord’s share amounts to EUR 45 million. The project entails the reinforcement of the Houtrib dike on both sides with sand and rock over a distance of 25 kilometers.
Father, Daughter Rescued from Vessel Taking on Water
The Coast Guard rescued Jonathan Mason and his 5-year-old daughter from their pleasure craft near the north end of Lake Borgne, Louisiana, Tuesday. Coast Guard Sector…
DNV GL forms Committee for Offshore Equipment Manufacturers
The NAOEMC is comprised of a group of industry experts and leaders that establish expectations and align the industry for future growth and development in offshore equipment manufacturing. The formation and sponsorship of industry committees is a longstanding tradition within DNV GL. The current market situation is more conducive to establishing the NAOEMC, as all stakeholders recognize the shift to “work smarter, not harder” and see value in partnership and collaboration.
Euroseas Sells Bulker, Adds Feeder
Euroseas Ltd. announced today 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. The M/V Eleni P is the oldest drybulk vessel in the Company's fleet and is expected to be delivered to its buyers in the beginning of January 2017.
Navy Accepts Delivery of USS Gabrielle Giffords
The Navy accepted delivery of the future USS Gabrielle Giffords (LCS 10) during a ceremony, Dec. 23. Gabrielle Giffords is the ninth littoral combat ship (LCS) to be delivered to the Navy and the fifth of the Independence variant to join the fleet. The Independence variant is noted for its unique trimaran hull, ability to operate at high speeds and large flight deck size. "We are pleased to receive the future USS Gabrielle Giffords into the LCS class," said Capt.
Ports of Stockholm Container Volume Zoom
A new record has been set for the number of containers transported to the Container Terminal at Frihamnen. Never before have so many containers been transported by sea directly to the strongest growing capital city region in Europe and Sweden's largest consumer market. At the beginning of December 2016 Ports of Stockholm exceeded the previous record set at Frihamnen of just over 51 000 containers*. The number of containers in 2016 will be around 54 000.
INTTRA Celebrates 15th Anniversary
Marking its 15th Anniversary in 2016, INTTRA, the world's ocean shipping electronic marketplace, looks back on the success of its innovative platform while embracing its future as the digital leader in logistics - growing rapidly and expanding its offering. "Since its founding in 2001, INTTRA has led technology adoption and the process of setting common standards in the ocean shipping industry," said INTTRA CEO John Fay.
RS issues First Polar Ship Certificate
The first Polar Ship Certificate was issued by the Russian Maritime Register of Shipping (RS). The document was released by Murmansk Branch on 22 December, 2016 in the port of Murmansk to the tanker Shturman Albanov, owned by SCF Group. In connection with the Polar Code entering into force, the compliance with the requirements thereof is a precondition for ships operated in the Barents Sea, Cara Sea water area south of 60 S and in other seas included in the polar water.
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.