India Rolls out Sagarmala Development Company for USD 15 Bln Maritime Push
India's Minister of Shipping Nitin Gadkari has said that projects worth Rs. 1 Lakh Crore (USD 15 Bln) under Sagarmala programme are at various stages of implementation and development. He was speaking to the press at a ceremony to inaugurate the Sagarmala Development Company (SDC) in New Delhi yesterday (December 26, 2016). The SDC has been incorporated under the Companies Act, 2013. The company has an initial Authorized Share Capital of Rs.
EXMAR, VOPAK Ink FSRU Business Deal
Following the announcement on 2 September 2016 that EXMAR and Vopak had started exploratory discussions on floating LNG storage and regasification, an important milestone has been reached being the signing of an agreement on the acquisition of the FSRU business of EXMAR by Vopak and the possible cooperation between EXMAR and Vopak in future projects. The agreement on the acquisition envisages the transfer in stages of EXMAR’s participation in FSRU assets…
NYK to Jointly Own LNG Carrier for Cameron Project
NYK, the Mitsubishi Corporation (MC), Toho LNG Shipping Co., Ltd. (Toho LNG Shipping), and Tohoku Electric Power Co., Inc. (Tohoku Electric Power) will participate in the joint ownership of a new liquefied natural gas (LNG) vessel for the Cameron LNG project in the U.S. through the jointly owned company Diamond LNG Shipping 3 Pte. Ltd. (DLS-3). In December 2015, MC reached agreement on a shipbuilding…
Missing man's Body located in Corpus Christi Bay, Texas
A Coast Guard aircrew found the body of a 61-year-old fisherman Monday, after he was reported missing off Mustang Island earlier in the morning. The Corpus Christi Police Department notified Coast Guard Sector Corpus Christi watchstanders at 7:35 a.m. The police reported that the man's wife was waiting in the car when he went wade fishing Sunday at about 11 p.m. They reported that she attempted to contact him when he didn't return and she fell asleep waiting for him…
IRISL led JV for Ship Repair
The initial agreement for establishing a Joint Venture Company in ship repair sector, was signed between Industrial Development and Renovation Organization of Iran (IDRO), Islamic Republic of Iran Shipping Line (IRISL) and National Iranian Tanker Company (NITC). According to MANA correspondent, the initial agreement for establishing a Joint Venture Company in ship repair sector, was signed by Dr.
IHI Delivers Drillship Hull to Singapore
IHI Corporation (IHI) announced today that Drillship Hull for Singapore was delivered on December 17, which was constructed at IHI Aichi Works. Drillship is designed for the use in exploratory, completion and maintenance drilling of offshore oil and gas fields. The delivered Drillship Hull is with the length of 242 meters, breadth of 46 meters and depth of 19.6 meters. Drilling equipment will be installed on the Hull in Singapore and the Drillship will be completed after the commissioning.
Wilhelmsen, Wallenius One Step Closer to Merger
Wilhelmsen and Wallenius have signed an agreement leading to a new ownership structure for their jointly owned investments in Wallenius Wilhelmsen Logistics, EUKOR Car Carriers and American Roll on Roll off Carrier. Signing the transaction agreement is an important milestone in the merger as announced in September,” says Jan Eyvin Wang, president and CEO of Wilh. Wilhelmsen ASA. “The final go ahead is pending approval from competition authorities and the respective entities’ shareholders.” Wilh.
Alfa Laval PureBallast gets USCG Approval
On 23 December, Alfa Laval received U.S. Coast Guard (USCG) type approval for the third generation of its ballast water treatment system, PureBallast. The approval allows ship owners who deballast in United States waters to make a confident choice of treatment technology. The USCG based its type approval of PureBallast on CMFDA/FDA testing conducted at DHI in Denmark. This testing was performed using the same hardware…
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.
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.
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…
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…
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.
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.
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.