Baltic Index Rises as Panamax Rates Hits High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday as panamax rates surged to their highest in over three years and capesize activity firmed up. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose for the fourth straight session. The index was up 20 points, or 1.58 percent, at 1,282 points. The panamax index hit its highest since January 2014.
Unusual Sea Chest Blanks for Teekay FSO
Teekay's Randgrid is currently undergoing a major conversion into a floating storage and offloading (FSO) vessel with work that includes the installation of an internal turret mooring system. Oslo-based Miko Marine said it has delivered four unique magnetic sea chest blanks for use during the conversion work at the Sembawang dockyard in Singapore. The Miko closures are now on site and ready to be used to create safe conditions for technicians working inside the vessel's sea chests.
KVH Debuts Connectivity as a Service Offering
KVH Industries, Inc. has launched a new all-inclusive Connectivity as a Service (CaaS) offering for the maritime industry, AgilePlans by KVH. For a single monthly fee…
Verifavia Earns Dual Accreditation
Verifavia, an emissions verification company for the aviation and shipping transport sectors, has received a second accreditation by France’s national accreditation…
PDVSA Readies Armada of Fuel Imports
About a dozen tankers are sailing to Venezuela or waiting offshore to discharge cargoes after state-run oil company PDVSA ramped up tenders to buy gasoline and other…
Marquette Reviews Crewing Processes
In an effort to further enhance the crewing/personnel module in MarineCFO Endurance, MarineCFO product managers spent two days at Marquette Transportation in Harahan, La.
Hudson River: A Battle for Anchorage Grounds Goes Viral
Where commercial marine and safety considerations allide with recreational and other peripheral agendas, the discussion can sometimes be contentious. One such example of this reality is now playing out on the Hudson River in New York. On June 9, 2016, the U.S. Coast Guard published a three-page Federal Register notice, seeking public comments on a proposal suggesting new anchorage grounds in the Hudson River, from Yonkers to Kingston, N.Y.
Liebherr Opens Buenos Aires Office
In March Liebherr-Argentina S.A. opened a new office in Buenos Aires, the capital of Argentina. From the subsidiary Liebherr is expanding activities in Argentina and Uruguay, primarily in the product areas of mining, mobile cranes and port and harbor cranes. With an area of 314 square meters, the office in the heart of the Argentinian capital offers space for current and future growth, primarily in the product areas port and harbor cranes and mobile cranes.
Newmar Battery Chargers for Restored PT Boat
A U.S. Navy World War II PT boat, which was recently restored and rebuilt by volunteers at The National WWII Museum in New Orleans, has been equipped with modern state-of-the-art battery chargers from Newmar. After more than a decade of volunteer-provided planning and restoration work, PT-305 motored to its new home in a custom-built boathouse on Lake Pontchartrain March 25, where visitors can tour and arrange rides on the fully functioning vessel.
PPG Debuts New Coatings for Steel, Metal Applications
PPG has introduced PSX 800 and PSX 805 coatings for steel and metal surfaces, two next-generation products formulated with greater flexibility and hiding performance than competing polysiloxane coatings. According to PPG, the two new products feature improved flexibility, which enables them to withstand the cracking under stress commonly associated with difficult steel, tank exterior and building exterior applications.
New US Pipelines to Drive Natural Gas Boom as Exports Surge
U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to become one of the world’s top natural gas exporters. The pipelines are expected to boost output from shale fields in the three states by giving producers access to new domestic and international markets. Those states could supply about a third of all U.S.
New Cutmaster 60i Plasma Cutter
Thermal Dynamics, an ESAB brand, announced that its new Cutmaster 60i handheld air plasma cutting system is now available for purchase through traditional and online welding distribution outlets. Cutmaster 60i weighs 37 lbs. and provides a rated output of 7.6 kW at 50 percent duty cycle at 60A. It produces a recommended cut of 5/8 in., has a maximum sever thickness of 1-1/2 in., and provides the fastest cut speed at any thickness material for its class.
Kelleys Island Ferry at Great Lakes Shipyard
Great Lakes Shipyard was awarded a drydocking contract by Kelleys Island Ferry Boat Line for the M/V Carlee Emily. Maintenance work includes five-year drydocking, U.S. Coast Guard (USCG) inspection and surveys as well as miscellaneous routine repairs. The ferry was hauled out using the 770-MT Mobile Marine Travelift on April 10, 2017. Work is expected to be completed later this month, allowing the ferry to return to service as soon as possible.
Veotec Supplies Water Removal Vanes to Vigor
Air intake systems designer and manufacturer Veotec said it has supplied air inlet vanes (vertical louvers) and CP2 filters to U.S. shipbuilder Vigor for two pilot boats delivered to the Port of Duqm Company SAOC, Sultanate of Oman. Veotec's scope of supply for each pilot vessel included two SE2 two stage (louver and coalescer) units for engine room combustion and ventilation air supply, and one SE2 two stage (louver and coalescer) unit for the A/C make up air inlet.
MPC Rolls Out New Box Ship Investment Firm
MPC Capital AG, an international asset and investment manager, has initiated an investment company with a focus on small-size container ships between 1,000 and 3,000 TEU. The newly formed 'MPC Container Ships AS' raised USD 100 million in equity in a private placement towards international institutional investors and family offices in the Norwegian capital market. Following its corporate investment strategy, MPC Capital is a co-investor.
Rotterdam Port Anticipates Climate Change
Right now, Rotterdam’s port area is effectively protected against floods. While most of the port area is situated outside the dikes, these port sites are elevated relatively high above sea level and are partly protected by storm surge barriers. Only under particularly extreme weather conditions will a small number of companies be affected by limited flooding. This is one of the conclusions of a recently…
Indian Ports Register 6.79% Growth in Traffic
The twelve major ports under the Ministry of Shipping, India handled a record 647.43 MT of traffic in 2016-17, registering an annual growth rate of 6.79 percent, as against 4.32 percent last year. With this, these ports have out- performed private ports for the second consecutive year. The private ports have registered a traffic growth rate of 4 percent this year. The top position in cargo handling was retained by Kandla Port that handled 105.44 Million Tonnes of cargo…
DryShips Enters into Newcastlemax Contract
DryShips Inc has entered into a one year time charter with a major grain house for one of its 206,000 dwt Newcastlemax drybulk vessels for an expected duration of about one year. The Company anticipates a total gross backlog of $7.1 million, and the contract to commence upon the delivery of the vessel, expected before the end of April 2017. Mr. DryShips is a diversified owner of ocean going cargo vessels that operate worldwide.
Sterett-Dewey Surface Action Group in Hawaii
Ships and units from the Sterett-Dewey Surface Action Group (Sterett-Dewey SAG) arrived at Joint Base Pearl Harbor-Hickam, Hawaii, April 11, the first stop of the group's Western Pacific deployment. The command staff of Destroyer Squadron (DESRON) 31 and the Arleigh Burke-class guided-missile destroyers USS Sterett (DDG 104) and USS Dewey (DDG 105), along with embarked helicopter detachments from Helicopter Maritime Strike Squadron (HSM) 49 and HSM 78…
World's Largest Containership in Shanghai
MOL Triumph, the world's largest containership with a carrying capacity of 20,170 TEU, successfully arrived at Yangshan Port in Shanghai on April 10, 2017, said Mitsui O.S.K. Lines, Ltd. MOL took delivery of MOL Triumph, the first of six 20,000 TEU-class containerships from Samsung Heavy Industries on March 27, 2017. At 400 meters in length and 58.8 meters in width, MOL Triumph is longer than the Oriental Pearl Radio and TV Tower of Shanghai is tall.