Elengy Says Received Delivery of LNG Cargo at Fos
French terminal operator Elengy said on Thursday that it had received delivery of a cargo of liquefied natural gas (LNG) at its Fos terminal on Wednesday, and expected…
Magnetic Attraction: The Switch Targets Marine Growth
The Switch is targeting growth of 200 percent within the marine segment in the next five years, building on the momentum of a flurry of recent orders, its acquisition of Wartsila Drives and the financial muscle of its parent company, the EUR 3.3 billion turnover Yaskawa Electric Corporation. The Finnish headquartered business, a specialist in the development and supply of advanced drive train solutions…
Royal Caribbean Sets Sail for Strong 2017
Royal Caribbean Cruises Ltd forecast higher-than-expected adjusted earnings for 2017, helped by a strong start to bookings for Caribbean cruises, putting the No. 2 U.S. cruise operator on track to beat its own forecast of doubling profit from 2014. The company's upbeat forecast sent its shares to more than a year high and also lifted rivals Carnival Corp and Norwegian Cruise Line Holdings Ltd. "While trends have been strong from our key sourcing regions…
Australian LNG Projects Face Delays, Benefiting US Producers
Australia's plans for a huge increase in its production of liquefied natural gas are being dealt a big blow by a series of production delays, as energy companies struggle with technical problems and cost overruns. The country is still likely to become the world's biggest LNG exporter, dispatching about 85 million tonnes a year by the end of the decade, up from 30.7 million tonnes in 2015 and 45.1 million tonnes last year.
Metal Shark to Build DC, New Orleans Passenger Vessels
Louisiana-based shipbuilder Metal Shark said it has been awarded two separate contracts to produce passenger vessels for the Potomac Riverboat Company division of Entertainment Cruises, and for the New Orleans Regional Transit Authority. For the Potomac Riverboat Company, Metal Shark will produce four 88’, high speed/low wake, 149-passenger aluminum catamarans. The new passenger vessels will provide commuters in the Washington DC metro region with service between Old Town Alexandria…
Carboline Opens Upgraded R&D Facility
Coatings manufacturer Carboline has reopened its St. Louis research and development center after the facility recently received several upgrades. Attended by company President and COO Chris Tiernay, Brentwood City Mayor Chris Thornton and 125 St. Louis based employees, the grand reopening included a ribbon cutting ceremony, tours of the newly updated facility and a company luncheon. “This grand reopening signifies Carboline’s commitment to innovation in the coatings industry,” Tiernay said.
Germany to Skip Tender for Warship Purchase
The German Defence Ministry on Thursday said it would skip an open tender for the planned purchase of five more corvettes valued at 1.5 billion euros and instead ask the three-company consortium that built the existing warships to submit a bid. "The defence ministry has decided to ask the ARGE K130 consortium to bid for procurement of five additional, nearly identical ships," a ministry spokesman said.
Passing out Parade at INS Chilka
A parade marked the culmination of 21 weeks of basic training and a total of 1640 trainees passed out successfully from the portals of INS Chilka on 13 Jan 17. These trainees will now proceed for cadre specific professional training, both, at sea and professional training schools of the Indian Navy. The parade was reviewed by Admiral Sunil Lanba, PVSM, VSM, ADC, the Chief of the Naval Staff. The Admiral…
Supporting Amphibious Development from Ashore
Brisbane Navy base, HMAS Moreton, recently hosted 60 Army Assault Pioneer Platoon personnel for a three-week intensive Advanced Small-Craft Operations Course. Situated…
COSCO Ports and CMA Terminals Join Forces
Cosco Shipping Ports has signed a memorandum of understanding (MOU) with CMA Terminals Holding in Shanghai. The two parties have agreed to seek cooperation in ports worldwide and preference will be given to ports that the Ocean Alliance calls. Meanwhile, both sides have also agreed to provide support in terms of business and service to the ports that the other side has already invested. Zhang Wei…
Cosco Shipping Holdings to Post 2016 Loss
Cosco Shipping Holdings (CSH)has announced that its profit for 2016 will be below that of 2015, reports Reuters. The container shipping arm of state-owned China Cosco Shipping Corp expects to post a net loss of 9.9 billion yuan ($1.44 billion) for 2016, citing the impact of asset disposal and a weak freight market. On some trade lanes, including the high-volume route between Asia and Europe, average revenues per TEU in 2016 were at record lows.
Struggling Rickmers Sells Off Another Vessel
Singapore-based Rickmers Trust Management (RTM), a trustee-manager of Rickmers Maritime, is selling off a new ship from its fleet to ensure the company stays afloat. This means an impairment loss in the fourth quarter 2016. Rickmers has entered into a memorandum of agreement (MOA) for the sale of Kaethe C. Rickmers, a Panamax containership. The vessel is securing senior loan facilities extended by HSH Nordbank AG…
Christophe de Margerie Arrives in Zeebrugge
Christophe de Margerie, the world’s 1st top category ice-class LNG carrier, docked at Zeebrugge LNG terminal January 20, 2017, for a series of scheduled operations. Christophe de Margerie will be delivered to Sovcomflot on 31 January, says Seafarers’ Union of Russia (SUR). The 'YamalMax' ship was built by Daewoo Shipbuilding Marine Engineering (DSME) in South Korea for its Russian shipowner Sovcomflot, a leading Russian shipping company.
Croatian FLNG Terminal Delayed
Croatia's FLNG terminal in the northern Adriatic will take a year longer to complete than initially expected, reports Reuters. The capacity of the terminal, now expected to be finished in 2019, is seen at around 2 billion m3 of gas a year, with Croatia targeting central European markets as well as domestic. The terminal, to be built on the northern Adriatic island of Krk, is among projects the EU sees as important to its efforts to enhance energy security and reduce dependence on Russian gas.
Ingalls starts work on destroyer Higbee for US Navy
Huntington Ingalls Industries’ Ingalls Shipbuilding division officially started fabrication of the Arleigh Burke-class (DDG 51) destroyer Lenah H. Sutcliffe Higbee (DDG 123) on Wednesday. The start of fabrication signifies that the first 100 tons of steel have been cut. “Starting fabrication on another destroyer is a great way to start the year,” Ingalls Shipbuilding President Brian Cuccias said. “Ingalls has delivered 29 of these ships to the U.S.
Poulovassilis to lead Aegean Shipping
Aegean Shipping Management S.A. announces the appointment of Apostolos Poulovassilis as Chief Executive Officer with immediate effect. Mr. Poulovassilis joins the company at an important point in its development, with the upgrade of its tanker fleet in full progress with a clear focus on operational and environmental excellence. Mr. George Melissanidis, Chairman of Aegean Shipping Management said: “We are very pleased to be appointing someone of Mr.
Hall to lead Hiab, Sales and Services
Hiab, part of Cargotec, has appointed Scott Hall as Senior Vice President, Sales & Services as of 24 January 2017. Scott Hall will lead Hiab's global Sales & Services function and drive sales and services excellence across Hiab's global network. He will report to Hiab's President Roland Sundén and be a member of the Hiab Leadership Team. Scott Hall brings with him extensive experience from leading positions in international sales and business management at globally operating companies.
FUSION signature sound to feature on 2017 XO Boats
FUSION announced today an exclusive partnership with XO Boats to install the compact MS-BB100 black-box audio entertainment system and Full Range Marine speakers on all 2017 model-year XO Boats. The deal was announced at boot Düsseldorf 2017, held January 21st through 29th at the Dusseldorf fairgrounds. “All XO boats are crafted to face the blow of the wind, the ruthlessness of the freezing temperatures and the power of the whipping waves of our local waters…
Zamakona at Salon Halieutis 2017
Zamakona Yards will participate in this international event, with the objective of offering to the Moroccan and international fishing sector the services that our group offers specifically to the sector, such as the design, newbuid, repair and the refit of specialized vessels in any of our three shipyards located in the Canary Islands (Las Palmas Port) and in the Basque Country, specifically in the ports of Pasajes and Bilbao.
DNV GL to certify 50 IHMs for Norddeutsche Reederei
DNV GL and Norddeutsche Reederei H. Schuldt have signed a contract to carry out Inventory of Hazardous Materials (IHM) certifications for the shipping company’s managed fleet of more than 50 vessels. The first vessel to undergo sampling and testing is the 3700 TEU container vessel Northern Dexterity. Once complete, this certification provides independent verification of the vessels’ IHM, as required by the European Ship Recycling Regulation.