12th Pacific Partnership Mission On to Strengthen Indo-Asia-Pacific Ties
The U.S. Navy is joining allied and partner nation forces for the 12th Pacific Partnership mission, scheduled to begin March 1. This annual maritime operation will…
DNV GL Launches Analytics Platform Lumina
Today’s organizations are facing a complex business environment. With increasing demands from stakeholders to operate sustainably, and with international standards…
Shipowners Caught in the Middle of Free Trade Battle
Protectionism and long hauled free trade negotiations can be an expensive battle for the Danish shipowners, if the market outside the European Union are not included in free trade negotiations.
Genco Shipping Reports 4Q Loss
Genco Shipping and Trading (GNK) has reported a loss of $24.5 million in its fourth quarter of 2016. The transporter of drybulk cargo said that its basic and diluted loss per share is $3.35.
More Room for Asian VLCC Rates to Fall
VLCC rates on the AG/Japan route tumbled by nearly w10 points within a day to w60 on Tuesday, after news of S-Oil placing Australis on subs for an AG/Onsan run at w54.75, loading March 13-15 basis 274kt, broke. Charterers went for the jugular, with at least four older vessels fixed within the range of w55-w58 for an AG/East voyage. We believe that VLCC rates will remain depressed in the short term due to the upcoming refinery turnaround season in Asia…
Marine News Boat of the Month: February 2017
Damen Shipyards Group recently unveiled a new line of Trailing Suction Hopper Dredgers (TSHD). The new product range, comprising of the Marine Aggregate Dredger (MAD) 4000 and 5600 vessels, was introduced in response to extensive market research and customer consultation. The MAD vessels are potentially important to an aggregate industry that, today, faces rising demand and an aging fleet. Designed in collaboration with Maritime Design and Engineering Services (MD&ES)…
The Looming sVGP Deadline
The sVGP and recent ballast water treatment system approvals create another headache for small vessel owners. Steve Candito provides a primer. The long delayed Small Vessel General Permit (sVGP) legislation is scheduled to come into force on December 18, 2017. Despite some confusion and inconsistencies on this issue generally, there is currently no serious effort to delay the sVGP requirement. Thus, vessel owners should be preparing now for compliance.
Burgess Marine: 3 Refits Complete in 3 Months
Britain’s largest independent ship repairer and marine engineering services provider Burgess Marine said it has recently completed its winter refit season in Cherbourg, completing three ferry refit projects over the three-month time span. Despite Brexit, Burgess Marine said business has boomed as the company has completed two refits for Wightlink and one for Condor Ferries at its 5,000T syncrolift facility in the French port.
KVH Is On 'Watch'
Conceived in its never-ending drive to progressively service its customers, KVH is working on a proprietary Internet of Things (IoT) solution for the commercial maritime market. Code-named “Watch,” KVH’s IoT application is designed to collect, compress, process, transport and analyze system data from ships, with the promise to deliver a broad swath of customizable efficiency solutions. Robert Balog…
Offshore Innovation: A Real ‘Riverboat’
Central Asia is a booming oil region not far from the Persian Gulf. Energy companies ply the big lake to rack up staggering barrel counts at elephantine oilfields with names like Tengiz (Kazakhstan) or Kashagan (Azerbaijan). Painstaking, oil-fueled nation-building is underway across an oil province, where very shallow water hinders plant and equipment moves by platform supply vessels. Until now — new module-carrying vessels…
Last Port of Call for the U.S. Merchant Marine?
Part II in a two-part series, continued from the January 2017 edition of Maritime Reporter & Engineering News. Read Part I here. If reliance on the foreign commercial…
Washington Sells Its Oldest Ferry
Washington State Ferries (WSF) has sold its oldest ferry, Evergreen State, for $300,000 to Jones Broadcasting, LLC., who plans to use the 63-year-old vessel for ferry service in the protected waters of the southern Caribbean. “The Evergreen State is a special ferry. It was the first vessel custom built for Washington State Ferries in 1954,” said Ferries Chief of Staff Elizabeth Kosa. The first of the three Evergreen State class auto/passenger ferries…
Is Beijing Outflanking the US in the South China Sea?
For much of the last week, the U.S. aircraft carrier Carl Vinson has been patrolling the South China Sea. It is just the kind of display of Washington’s power and global reach that the U.S. Navy excels at – both to reassure allies and, in this case, send a message to potential foes. How much longer Washington will be able to perform such operations unchallenged, however, is an increasingly open question.
ABS Delivers Subchapter M Support to Blessey Marine
ABS said it has been awarded a Third Party Organization contract by Blessey Marine Services, Inc., owner and operator of a fleet of inland towing vessels and tank barges, to support compliance with U.S. Coast Guard (USCG) Subchapter M requirements. “Owners and operators are evaluating multiple options for Subchapter M compliance, and they are looking for guidance in understanding the requirements in relation to the unique needs of their vessels,” says ABS Americas Division President Jamie Smith.
Port of Vancouver Rides High on Grain Exports
Though overall cargo volume through the Port of Vancouver in 2016 decreased 1.8 percent to 136 million metric tons from 2015, sectors experiencing declines were offset by others that hit new records, including the bulk grain sector, according to the Vancouver Fraser Port Authority released its 2016 year-end statistics. “One of our biggest strengths has been, and continues to be, the port’s ability to accommodate the most diversified range of cargo of any port in North America…
New Offshore Installation Vessel for GeoSea
COSCO will build a new offshore installation vessel in China for DEME subsidiary GeoSea, to be used for offshore wind farm construction, oil and gas industry services and decommissioning work. The vessel, Orion, is due to be delivered in 2019. With a total installed capacity of 44,180kW Orion will be equipped with a high-tech crane with lifting capacity of 3,000t at more than 50m. The loads can be lifted to an unrivalled height of more than 170m.
Bangladesh Targets Better Ship Recycling Practices
With an annual gross tonnage capacity of more than 8.8 million, Bangladesh’s ship recycling industry is one of the world’s largest, second only to neighboring India in terms of volume. But for these countries ship recycling practices have long been a matter of concern, particularly in terms of safety and environmental sustainability. Now on the heels of completing its first phase of a project aiming to improve standards within the nation’s ship recycling industry…
Great Lakes Iron Ore Trade Up in January
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 2,468,706 tons in January, an increase of 14.4 percent compared to a year ago, the Lake Carriers’ Association (LCA) reported. Shipments were 10.3 percent below the month’s 5-year average, howerver.
Palau Ship Registry Opens Piraeus HQ
The Palau International Ship Registry (PISR) has opened a new head office in Piraeus, Greece. Panos Kirnidis, CEO of PISR, said, “We have spent time finding and employing people around the shipping world who add value to our services and come with a sense of dedication we demand. During the years of our operations we have come into contact with many professionals whose skills we now use for our clients.
Sri Lanka Approves $180 mln Vessel Deal for Colombo Dockyard
Sri Lanka's cabinet has approved the awarding of a $180 million deal for three offshore patrol vessels for the country's coast guard to Colombo Dockyard , a government document said on Wednesday.