Japan's Orix Looking for More European Shipping Debt
Japanese financial services firm Orix Corp said it was looking to buy more shipping loans in Europe after confirming on Monday that it would purchase $289 million…
New ABS Guide for LNG Bunkering
New Guide provides standards for growing LNG bunkering vessel sector. ABS, a provider of classification and technical services to the marine and offshore industries…
Mexico Set to 'Mirror' Policy on Any US Trade Tax Change
Mexico's economy minister said his country was ready to renegotiate trade rules with the United States and that any change in U.S. tax policy that affected imports…
Watermakers Add Safety, Convenience, Value
Boats are a lot like homes: upgrades and enhancements add to their comfort and livability, and increase their value. FCI Watermakers explores how adding a watermaker to a vessel is an investment that pays dividends in terms of safety and convenience, and sets it apart when it's time to sell. The ability to make pure, fresh water while at sea is liberating. Gone are the days of water frugality. With a watermaker, there's more than enough for drinking, bathing, cooking and refilling supplies.
Navios Maritime Midstream Partners Announces Cash Distribution
Navios Maritime Midstream Partners L.P. announced that its Board of Directors has declared a cash distribution of $0.4225 per unit for the quarter ended December 31, 2016.
Georgia Ports See Double-digit Growth in December
The Georgia Ports Authority marked 12.3 percent container volume growth in December, moving 292,172 twenty-foot equivalent container units, an increase of 32,099 TEUs compared to December 2015, a record for the GPA. Roll-on/Roll-off cargo mirrored that growth, with a 12.3 percent increase (7,000 units) in passenger vehicles and heavy equipment handled at Colonel's Island terminal in Brunswick and Ocean Terminal in Savannah. Georgia's deepwater ports moved 63,967 Ro/Ro units last month.
Abu Dhabi Ship Building Adds New Dry Dock
Abu Dhabi Ship Building PJSC (ADSB) held a ceremony to inaugurate its new floating dry dock at its location in Zayed Port. The floating dock, which began servicing vessels in July 2016, has greatly enhanced ADSB’s commercial service offering, allowing the company to service larger ships and tap into new customers in industries such as oil and gas, the company said. To date, the dry dock has received 20 customers for routine dry docking, electrical and mechanical works.
Palau Ship Registry Opens Greek Office
Palau International Ship Registry (PISR) has expanded upon its presence in Houston with the opening of a new head office in Piraeus, Greece. PISR said it expanded…
USCG Approves Global Maritime as TPO for Subchapter M Services
Global Maritime Consultancy & Engineering, a provider of offshore marine warranty, dynamic positioning and engineering services, has been approved by the United…
Thin Plate Panel Line for Vard Tulcea Shipyard
Pemamek has signed an agreement to deliver a thin plate panel line to Vard Shipyard in Tulcea, Romania. The new delivered solution will ensure a high-quality production of demanding thin plate panels used in building vessels, such as special cruise ships. Fincantieri S.p.a as a majority shareholder, Vard Group AS is specialized in designing and building complex vessels. Thanks to the company’s long traditions and thorough expertise…
Reduce Costs, Time and Risk of DP Operations
Vessel Technology has announced the launch of a new product, the DPSS Net. The new DPSS Net product aims to allow customers to reduce operating costs, time and risk associated with Dynamic Positioning operations. The DPSS Net allows network storm tests to be carried out to verify vessel control systems as well as identify any issues. David Milne, Director of Vessel Technology, said, “The DPSS Net compliments…
Hapag-Lloyd Names 10,500 TEU Box Ship
Container shipping company Hapag-Lloyd held the naming ceremony for its newest German flagged containership, the Cartagena Express, at the Hyundai Samho Heavy Industries shipyard in Samho, South Korea. “With the Cartagena Express, yet another state-of-the-art ship of our 10,500 TEU fleet is setting sail. In terms of size, design and reefer capacity, it is ideally suited for the traffic between Europe and South America West Coast,” said Anthony J. Firmin, Chief Operating Officer of Hapag-Lloyd.
DP World Creates $3.7 bln Investment Vehicle
Dubai ports operator DP World said on Monday it was partnering with Canadian pension fund manager Caisse de dépôt et placement du Québec to create an investment vehicle worth US$3.7 billion that would invest in ports and terminals worldwide. DP World will hold a 55 percent share in the vehicle while Caisse de dépôt, a long-term institutional investor that manages funds for public pension and insurance plans, will own 45 percent.
Nine Dead, 29 Missing after Malasia Boat Capsizes
A boat ferrying 40 people from Indonesia capsized off Malaysia's coast on Monday and at least nine people were killed and nearly 30 were missing, the latest accident…
DNV GL: First AiP for Scrubber Manufacturer in China
DNV GL has awarded the Chinese scrubber manufacturer Shanghai Bluesoul Environmental Technology with an Approval in Principle (AiP) in recognition of the technical feasibility of the BlueSulf scrubber system. The AiP is the first of its kind for a scrubber according to the new DNV GL rule set, and the first for a Chinese scrubber manufacturer. DNV GL will also provide advisory services to Bluesoul…
Faster Processors for Maritime Panel Computers
Nedre Vats, Norway, 23 January 2017 – Hatteland Display, the leading global provider of display and computer solutions for professional maritime use has added four new sizes to its innovative second generation Series X Panel Computers portfolio. Integrating powerful Intel Skylake processor-based computers, high quality display technology and advanced video processing, Hatteland Display’s second generation…
NAT Declares 78th consecutive Dividend
The Board of Nordic American Tankers Limited has declared a cash dividend of $0.20 per share for the fourth quarter of 2016, to shareholders of record February 10, 2017. The dividend is expected to be paid on or about February 24, 2017. The dividend takes into account NAT's future cash outlays, including the purchase of three suezmax newbuilding tankers that NAT has agreed to acquire for delivery during the second half of 2018, increasing the NAT suezmax fleet to 33 vessels.
Teekay Contemplates Norwegian Bond Issuance
Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) announces that it intends to issue new senior unsecured bonds in the Norwegian bond market through an add-on to its existing Norwegian bonds due in October 2021 (TKLNG04 - ISIN: NO0010777089). The net proceeds from the bonds are expected to be used for refinancing of existing bonds and/or general partnership purposes, which may include funding installment payments on future newbuilding deliveries.
Petrogas Hires jack-up Maersk Resolute
Maersk Drilling has been awarded a new contract with Petrogas E&P Netherlands B.V. for the High Efficiency jack-up, Maersk Resolute. The firm contract covers the drilling of the two wells, A8 and A9 in the A12 block of the Dutch continental shelf. The drilling of the two wells is estimated to have a duration of 75 days. Furthermore, an option to extend the contract for up to five additional wells exist. Operations are expected to commence in June 2017 in the Dutch Sector of the North Sea.
InterDam Debuts fire, blast resistant panel for Offshore
InterDam, supplier of fire and blast doors, walls and windows to the offshore Oil & Gas and Renewable sectors, is in the final stages of testing a new pre-fabricated fire and blast resistant panel. Called the Generation V, this new product comes hot on the heels of the company’s Generation IV fire-resistant sandwich wall system developed in response to the industry’s desire for using fully fit-for-purpose prefabricated walls that fit modular and standardized building designs.