Odfjell Orders Two Chemical Tankers
Odfjell SE has announced the signing of long term charter agreements for two chemical tankers with stainless steel cargo tanks, for construction in Japan. The agreement includes two vessels of 35…
Martek Calls for Safer Shipping
Martek Marine, the global maritime technology innovator, is leading calls to make the shipping industry safer for seafarers to mark European Shipping Week, taking place in Brussels this week.
Hanssons Increase Holding in NAT
A company owned by the Nordic American Tankers Limited (NAT) Chairman & CEO, Herbjorn Hansson, and his son, Alexander, has purchased 75,000 NAT shares last week…
Baltic Index Gains for 9th Straight Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, notched gains for the ninth straight session to end at a more than one-month high on Monday, helped by higher rates for panamax vessels. The index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, closed up three points, or 0.34 percent, at 878 points, its highest level since Jan. 24. The panamax index ended 19 points, or 2.01 percent, higher at 966 points.
Total in Talks to Buy Iranian LNG Project
Total is in talks to buy a multi-billion dollar stake in Iran's partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves.
SpeedCast Offers Full Fleet Xpress Integration
SpeedCast International, a global communications and network service provider, is the first Inmarsat partner to integrate the software element of the Fleet Xpress…
Brunswick Promotes Hubert to Sales Director
Brunswick Commercial & Government Products (BCGP) has promoted Jeff Hubert to director of sales, responsible for product development initiatives and worldwide business development. Hubert joined BCGP in 2016, and has been serving as the company's regional sales manager for the Eastern U.S. Recently retired as Lt. Colonel of the Florida Fish and Wildlife Conservation Commission (FWC), Hubert is a graduate of the FBI National Academy with over 30 years of law enforcement experience.
Mech-Tool Delivers Fire System to DSIC Offshore
Darlington based product manufacturer and global supplier of fire, blast and heat protection systems Mech-Tool Engineering Ltd (MTE) said it has delivered a fully certified ABS fire rated wall system for a Chinese turnkey EPC contractor in offshore construction. The company’s stainless steel A60 fire rated wall system will offer the ultimate protection to personnel on the deep-water semi-submersible rig, BT4000, should they need to use the evacuation lifeboats during an emergency.
Renovation Begins On USCG Cutter Kukui
U.S. Coast Guard Cutter Kukui arrived at the Coast Guard Yard in Curtis Bay, Maryland, Feb. 21, 2017, to begin its midlife maintenance availability (MMA) as part of the In-Service Vessel Sustainment (ISVS) Program. The MMA work on the buoy tenders includes an overhaul of the deck equipment and weight handling gear, updates to the machinery control system and HVAC systems, topside preservation and a stability assessment.
Trump Seeks 'Historic' Increase in Defense Spending
President Donald Trump is seeking what he called a "historic" increase in military spending of more than 9 percent, a huge rise even as the United States has wound down major wars in Iraq and Afghanistan and remains the world's strongest military power. Trump will seek to boost Pentagon spending in the next fiscal year by $54 billion in his first budget proposal and slash the same amount from non-defense spending…
Apply Now for the MN100
The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers. Is your firm a top 100 workboat, brown water or inland enterprise? Participation is free, but to be considered you must apply at the link below.
‘World’s Greenest Cruise Ship’ Construction Underway
Hurtigruten CEO Daniel Skjeldam pressed the button to officially kick off the construction of hybrid expedition cruise ship MS Roald Amundsen – “the greenest cruise ship the world has ever seen,” according to the ship owner. The new ship is the first of a new generation that will change expedition travel forever, Skjeldam said during the ceremony at Kleven Yards on the western coast of Norway. When launched in 2018…
Virginia Pilots Orders New Pilot Boat
The Virginia Pilot Boat Corporation has ordered a Chesapeake Class MKII launch from Gladding-Hearn Shipbuilding. The MKII, a new generation of the shipyard’s popular…
MOL Learning Program on Environmental Regulations
Mitsui O.S.K. Lines (MOL) has announced the completion of this year's Project Based Learning (PBL) program at the University of Tokyo Graduate Program for Mechanical Systems Innovation (GMSI), Research and Education Consortium for Innovation of Advanced Integrated Science (CIAiS) and Global Leader Program for Social Design and Management (GSDM). "PBL" is a program implemented by University of Tokyo Graduate School…
ABS Takes Offshore Safety to New Depths
ABS, the leading provider of classification and technical services to the offshore industry, has expanded its subsea services team to deliver specialized validation and verification services for subsea systems, including subsea hardware, flowlines, umbilicals, and risers. These services include design review, inspection of physical components and regulatory services using performance data to support continuous service of new and existing assets.
Indian Navy Concludes Tropex 2017
The Indian Navy’s Annual Theatre Level Readiness and Operational Exercise (TROPEX 17) was conducted on the Western Seaboard from 24 Jan 17 till 23 Feb 17. The month long exercise saw participation of over 45 ships from both the Western and Eastern Naval Commands of the Indian Navy, including the aircraft carrier INS Vikramaditya, 05 submarines including the nuclear powered Chakra, 50 Naval aircraft…
MOL Group Posts Almost USD 1 Billion Profit in 2016
MOL Group significantly outperformed its initial USD 2bn target for 2016 and delivered a clean EBITDA of USD 2.15bn, which is only moderately down compared with the previous year. Upstream has shown great resilience to the deteriorating external environment. A further 17% decline in Brent prices and a 23% decline in realized gas prices were offset by higher production and cost discipline. As a result…
HMAS Canberra Sees the Eye of the Tiger
HMAS Canberra has achieved another aviation milestone embarking two Army Tiger Armed Reconnaissance Helicopters for the first time. The two Tigers, will join two MRH-90 Taipan medium lift helicopters and one MH-60R Seahawk conducting first of class flight trials onboard the amphibious giant over the next six weeks. The trials are designed to find the safe operating limits of the helicopters during a variety of weather conditions, according to Lieutenant Grant Thaler, who will oversee the trials.
Socio-Economic Impact of EU Shipping Industry Remains Solid
Adding supply chain and worker spending multiplier impacts, the shipping industry’s total employment contribution rises to 2.1 million people and its total GDP contribution is estimated to have been € 140 billion in 2015. These are the key findings of the latest update on the economic value of the EU shipping industry which ECSA commissioned from Oxford Economics. The report further indicates that…
Mexico’s APM Terminals Open for Business
APM Terminals Lazaro Cardenas, Mexico’s largest semi-automated terminal, received its first official vessel call today with the arrival of the 9,600 TEU capacity Maersk Salalah on the AC2 Transpacific service from Asia. “This is a milestone as we add an additional operational terminal to our portfolio. A priority for us is to transition terminals under implementation into operation, and make them as efficient as possible to support our customers.” said Morten H. Engelstoft, CEO of APM Terminals.