Indian Shipping Industry Focus
India has one of the largest merchant shipping fleet and ranked 17th among the developing countries with average age of the fleet being 18.03 years. 95% of the country’s trade by volume (68% in terms of value) is moved by sea. India has a total of 1299 ships comprising of 11.24 MGT as on 31.10.2016. Out of the total tonnage, 900 vessels of about 1.52 million GT are engaged in Coastal trade and remaining 399 vessels are plying in overseas trade.
Shipbuilding Looks Up in India
Global recession in the shipbuilding industry has affected the financial position of a number of yards especially in the private sector. Due to market downturn post 2008 and the lack of government policy support, all shipyards other than the defense shipyards are facing challenging times with very few global shipbuilding orders coming in. The Indian shipbuilding industry has continued to concentrate on defense and offshore sector vessels.
China: Civil Charter Flights to South China Sea Outpost
China has begun daily civilian charter flights to Woody Island in the disputed South China Sea after approved the airport there for civil operations, state news agency Xinhua said on Thursday.
Two Maersk OSVs Sink off of France
A.P. Moller-Maersk said on Thursday two of its offshore oil industry supply vessels sank off the coast of France earlier in the day as they were being towed for scrapping in Turkey.
Saudi Arabia to Raise Military Spending
Saudi Arabia, at war in Yemen and competing for regional influence with arch-rival Iran, projects a 6.7 percent rise in defence spending in 2017 to 191 billion riyals ($50.8 billion)…
BOEM Oil and Gas Lease Sale: 48m Acres
The Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced the bureau will offer more than 48 million acres offshore Louisiana, Mississippi…
Delivery of Seventh Drilling Unit to NDC
Lamprell (ticker: LAM), a provider of diversified engineering and contracting services to the energy industry, announced the completion of construction on the jackup drilling rig, Al Gharbia, and its delivery to Abu Dhabi’s National Drilling Company (NDC). Completion and delivery of the jackup rig, on time and on budget, was marked at an inauguration ceremony held at Lamprell’s Hamriyah facility in the UAE on 22 December.
World's Largest Ethane Carrier Loads Its First Cargo
The ABS-classed Ethane Crystal, the world’s first Very Large Ethane Carrier (VLEC) -- and a Maritime Reporter & Engineering News "Great Ship of 2016" as profiled in the December 2016 edition -- has loaded its first shipment of ethane cargo at Enterprise Products Partner’s Morgan’s Point Terminal. Delivered in November 2016, the Ethane Crystal is the first of six VLECs that will be delivered with ABS Class through 2017. The second vessel, the Ethane Emerald, was delivered in early December 2016.
Radio Holland's NavCom for Six Malaysian Patrol Crafts
Radio Holland Malaysia (RHM) secured a contract from Destini Shipbuilding & Engineering for the supply of Navigation and Communication equipment on board of six New Generation Patrol Crafts (NGPC). The vessels are being built for the Malaysian Maritime Enforcement Agency (MMEA). The scope of work encompasses detailed design, supply, installation, testing and commissioning of the Navigation and Communication equipment including the Steering System and Thermal Cameras.
FORAN Signs Contract with NODOSA Shipyard
The SENER engineering and technology group has signed a new contract with NODOSA SHIPYARD to install its FORAN CAD/CAM/CAE system to design and produce the shipyard's new projects. This contract covers installing permanent FORAN system licenses in all design disciplines (Hull Forms and Naval Architecture, Hull Structure, Machinery & Outfitting and Electrical). As part of this agreement, SENER will provide engineering services in addition to technical support and training.
U.S. Refiners Cash in on Mexico's Record Imports
U.S. Gulf Coast refiners are cashing in on rising fuel demand from Mexico, shipping record volumes to a southern neighbor that has failed to expand its refining network to supply a fast-growing economy. The fuel trade could top a million barrels per day (bpd) at times in 2017 as Mexico becomes increasingly dependent on the United States for strategic energy supplies and providing business worth more than $15 billion a year to refiners such as Valero, Marathon Petroleum and Citgo Petroleum.
Asia Dry Bulk-Capesize Rates to Firm on Tight Tonnage, Ample Cargo
Just handful of ships for Brazil loading in early January; coal, South African iron ore cargoes support rates. Freight rates for large capesize dry cargo ships on key Asian routes could diverge with rates from Brazil to China nudging higher on a shortage of tonnage and those from Australia to China holding firm around current levels on ample cargo, ship brokers said. "Tonnage is very tight given the number of ships available for January loading dates from Brazil.
Kalmar Cranes with SmartPort Automation for Oran port
Kalmar has won an order for seven rubber-tyred gantry (RTG) cranes following a call for tender launched by the Algerian port procurement company Groupement D'Interêt Commun Des Entreprises Portuaires (GICEP). The value of the order is approximately EUR 10 million. The order has been booked into Cargotec's 2016 fourth quarter order intake and the equipment will be delivered to the customer during the third quarter of 2017.
Alfa Laval's 100th U-design Scrubber for Grimaldi
The Grimaldi Group has placed orders for seven hybrid Alfa Laval PureSOx systems with U-design scrubbers. The orders are an important milestone, as the second of these systems is also the 100th U-design scrubber to be sold by Alfa Laval. The Grimaldi Group, which is the parent company of Atlantic Container Line, Finnlines and others, is a multinational logistics group based on maritime transport. Specialized in the operation of RoRo vessels…
NYK Cruise Honored at 2016 Cruise of the Year Awards
The "Circle Japan Grand Cruise,” a luxurious one-month voyage operated by NYK Cruises Co. has been recognized with an Award of Excellence at the 2016 Cruise of the Year Awards* sponsored by the Japan Oceangoing Passenger Ship Association (JOPA). This cruise was a new offering on Asuka II from June 5 to July 8, 2016, and was highly evaluated for its high occupancy rate of 85 percent despite its 33-day length.
Burgess Marine wins Stamp of Approval for CE Marking
Britain’s largest independent ship repairer and marine engineering services provider Burgess Marine has improved its service offering by obtaining third party accreditation to CE Mark structural steel and aluminium fabrications, and by signing a framework agreement with design firm Houlder. CE Marking has become mandatory for all construction products where the product is covered by a harmonised European standard (hEN).
Norsafe Bags Another Swedish Coastguard contract
On Wednesday 21st December, Norsafe signed yet another new contract with the Swedish Coast Guard (KBV) to deliver nine new Magnum 750 MKII boats. The boats are specially developed in close cooperation with KBV and are a continuation of seven boats already delivered between 2015 and 2016. “It is hard to imagine a better Christmas present than this”, says Kjell Sørensen, the leader of this area of business at Norsafe.
Diana Shipping Grants Lower Price for Bulker Duo
Diana Shipping Inc. Diana Shipping Inc., today announced that, through two separate wholly-owned subsidiaries, it has signed two addenda with China Shipbuilding Trading Company, Limited and Jiangnan Shipyard (Group) Co., Ltd., collectively called the “Seller”, among other things, to reduce the contract price and to change the delivery date of the two Newcastlemax dry bulk carriers, Hull No. H2548 (to be named “San Francisco”) and Hull No. H2549 (to be named “Newport News”).
Repeat Order for Damen from Ivory Coast
Following the contract signing between Damen Shipyards Group and Société de Transport Lagunaire (STL) for 16 shallow-draught ferries for the Ivory Coast city of Abidjan, the two companies have announced a supplementary contract for eight Damen Pontoons 2404. STL will use the pontoons for vessel mooring and passenger transfer purposes. The eight 24-metre pontoons will be used to construct four separate ‘hop-on…
Boskalis to Reinforce Houtrib Dike
Royal Boskalis Westminster N.V. (Boskalis) announces that the Dutch Directorate General for Public Works and Water Management (Rijkswaterstaat) intends to award…