Wärtsilä BWM Systems for CMA CGM Newbuilds
Four new 3,300 TEU containerships being built for the French shipping group CMA CGM will feature Wärtsilä Ballast Water Management Systems (BWMS). This is the third series of vessels for which the same owner has selected the Wärtsilä BWMS solution, making a total of 10 ships in all. These latest vessels are being built at the Cosco Zhoushan shipyard in China, and the contract with Wärtsilä was signed in the fourth quarter of 2016.
Air Warfare Destroyer Hobart Acceptance Sea Trials Begins
Today marks a significant milestone for the first Air Warfare Destroyer, Hobart, as the next phase of sea trials commence in Adelaide. Hobart will sail into waters off the coast of South Australia to undertake testing of combat, communications and additional platform systems. Minister for Defence Industry, The Hon Christopher Pyne said this set of trials, known as sea acceptance trials; represent the beginnings of the formal ship acceptance process in the lead up to delivery later this year.
NASSCO starts construction of ESB 5
On Wednesday, January 25, General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), began construction on a fifth ship for the U.S. Navy’s Expeditionary Transfer Dock (ESD)/Expeditionary Sea Base (ESB) program. Designed to provide advanced flexibility and capability for sea-to-shore missions, the newest ESB will include a 52,000 square-foot flight deck, fuel and equipment storage…
PIL Sign MOU with Guangzhou Nansha Development Zone
A memorandum of understanding (MOU) was signed between Pacific International Lines (PIL) Group and China Guangzhou Nansha Development Zone. This MOU facilitates to increase trade cooperation, deepen business ties, and explore possible future business opportunities and development of a shipping/logistics base in the Nansha New Area. The Nansha New Area is one of three development zones that comes together to form the China (Guangdong) Pilot Free-Trade Zone.
GasLog Partners closes public offering
GasLog Partners LP today announced the closing of its public offering of 3,750,000 common units representing limited partner interests (the "common units"). The public offering price was $20.50 per common unit. The net proceeds from the offering, after deducting underwriting discounts and other offering expenses, and including approximately $1.57 million received from GasLog Ltd. (NYSE: GLOG) to maintain its 2.0% general partner interest in the Partnership, were approximately $77.06 million.
AG&P, Hindustan to Build a New LNG Import Terminal in India
Atlantic, Gulf and Pacific Company (AG&P) and Hindustan LNG (HLNG) have signed a Memorandum of Understanding (MoU) to supply tolled gas to power stations in the East Godavari region of Andhra Pradesh, India. Under the agreement, AG&P will provide an integrated solution to deliver regasified LNG through a new LNG import terminal that AG&P will also design and build at the port in Andhra Pradesh. AG&P…
Wightlink Installs New Mooring System
Work will start shortly to install a sophisticated state-of-the-art mooring system at Wightlink’s car ferry terminals in Fishbourne and Portsmouth. This is part of the company’s £45million investment in a new hybrid battery ship for the route and improvements to port facilities. MoorMaster automated mooring units from technology company Cavotec will cut turnaround times on both sides of the Solent and improve timekeeping and efficiency.
Frontline Proposes DHT Takeover
DHT Holdings, Inc has received a non-binding, highly conditional proposal from Frontline Ltd to acquire all of the outstanding shares of common stock of DHT in a stock-for-stock transaction. Frontline has proposed a ratio of 0.725 of a Frontline share for each share of DHT, which represents an implied price of $5.09 per DHT share, based on the closing price of Frontline shares of common stock on January 27, 2017.
Fisheries Subsidies in Major Non-EU Fishing Nations
A new study for the European Commission compiles data and information on fisheries subsidies within six of the world's major fishing countries: Japan, South Korea, Taiwan, China, Russia and the United States. The study finds that subsidies for catch fisheries play a significant role in China, Taiwan, Japan, the US and South Korea, while aquaculture subsidies are the highest in Russia and China. The biggest subsidies go towards research, infrastructure, fuel (China) and insurance (Japan).
Chinese Shipbuilder Mulls Deep-Sea Exploration
China Shipbuilding Industry Corp (CSIC) is developing a manned submersible vehicle, which would be able to dive into Challenger Deep, the deepest point on Earth estimated to be around 10,900m below the surface, Xinhua news agency reported. CSIC is almost done building a new cost-efficient manned submersible that could reach the majority of seabeds in the world. The development of deep-sea manned submersibles for rough seas would be one of CSIC's priorities in 2017.
UAE Mulls $316mln LNG Terminal in India
Abu Dhabi's National Marine Dredging Company (NMDC) has been awarded a $316-million engineering, procurement and construction (EPC) contract for a hitech floating LNG (liquefied natural gas) port at Jafrabad in the Indian state of Gujarat, reports WAM. Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan has reviewed the plan by NMDC to develop the terminal. Mohamed Thani Murshed Al Rumaithi, chairman of NMDC, said the total cost of the project is expected to reach $316 million.
Boat with 28 Chinese tourists missing off Malaysia
A boat carrying 31 people, including 28 Chinese tourists, is missing off the coast of Borneo, Malaysian maritime authorities said on Sunday. The boat left Kota Kinabalu…
USCG Assists in Delaware Aircraft Emergency
The Coast Guard assisted a pilot involved in an aircraft emergency in Georgetown, Delaware, today. A Coast Guard Air Station Atlantic City MH-65 Dolphin helicopter crew was returning from routine training with members of Coast Guard Station Crisfield, Maryland, when crews heard an aircraft emergency broadcast on the radio. The helicopter crew diverted to respond to the incident at Delaware Coastal Airport, where they came upon an airplane that was on fire, at about 3 p.m.
ABS Accommodation Standards Improve Crew Safety
ABS has published the ABS Guide for Habitability of Industrial Personnel on Accommodation Vessels. This industry-leading Guide establishes criteria for improving the living environment and ambient environment on board accommodation vessels. “People are the most important resource for any organization,” says ABS Chairman, President and CEO Christopher J. Wiernicki. Applicable to existing and new construction accommodation vessels…
Chevron Names Wirth Vice Chairman
Chevron Corporation said today that Michael K. Wirth, executive vice president of Midstream and Development, has been named vice chairman, effective February 1, 2017. “As a senior officer of Chevron, Mike has made significant contributions to the company’s success,” said John S. Watson, Chevron’s chairman and chief executive officer. In assuming his new role, Wirth will join the company’s Board of Directors and add Policy…
Florida Ports Drop Plans to Ink Pacts with Cuba
The news comes as Cuba watchers are looking closely for signs of how the United States' fragile detente with Cuba will fare under President Donald Trump. "Disappointed…
Viking Grace LNG Ferry to Install Rotor Sail
Norsepower Oy Ltd., provider of auxiliary wind propulsion systems, announced that it has signed an agreement with Finnish shipping company Viking Line to install its Rotor Sail Solution onboard the M/S Viking Grace, an LNG-fuelled cruise ferry. The 57,565 GT M/S Viking Grace currently operates in the archipelago between Turku (Finland) and Stockholm (Sweden), and is already one of the most environmentally-friendly cruise ferries in the global maritime industry.
Ingalls Authenticates Keel of NSC Midgett
Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division today authenticated the keel of the eighth U.S. Coast Guard National Security Cutter, Midgett (WMSL 757). “The National Security Cutter Program is vital to our Coast Guard, our country and to Ingalls Shipbuilding,” said Ingalls Shipbuilding President Brian Cuccias. “Today, we lay the foundation upon which this great ship will be built. The ship is named to honor John Allen Midgett, who was awarded the silver cup by the U.K.
McDermott bags Middle East pipelay contract
McDermott International, Inc. was awarded an offshore pipelay contract in the Middle East. The pipelay contract includes the engineering, procurement and installation of two oil pipelines offshore. Work on this contract is expected to be completed by the end of the second quarter in 2018. “This contract marks another example where our clients in the Middle East recognize our integrated customer-driven solutions that are consistently delivered with outstanding safety and within cost and schedule…
Halifax Port Gears for Busiest Cruise Season
The 2017 cruise season in Halifax will be the busiest to date. A record number of passenger visits and vessel calls will get underway on April 24, 2017 with the arrival of the Amadea, a Phoenix Reisen vessel. “We are very excited about the year ahead,” said Cathy McGrail, Interim Vice President, Operations, Halifax Port Authority. From April 24 to October 31, the Port of Halifax is expecting 179 vessel calls carrying approximately 275,000 cruise guests.