Hyundai Heavy's New Orders Tallied at USD 2.3 bln
Hyundai Heavy Industries (HHI) Group, the world’s largest shipbuilding group, announced today that it won 39 ships worth $2.3 billion for January – April period, which is the largest ship orders for the comparable period in three years. HHI Group won 18 ships worth $900 million in April alone. Since the orders include options exercisable by owners to order additional same or similar class vessels, the total orders in April will amount to 31 ships worth $1.5 billion.
International Maritime University Pacts with Latin America
The International Maritime Organization (IMO) has announced that International Maritime University of Panama (UMIP) has been selected to host the regional Maritime Technology Cooperation Centre (MTCC) for the Latin America region, under an ambitious project, funded by the European Union (EU) and implemented by IMO, to help mitigate the harmful effects of climate change. Under the Global MTTC Network (GMN) project, UMIP will host MTCC-Latin America.
MPA Honors ABS
ABS has been awarded the Offshore & Marine Engineering Award by the Maritime and Port Authority of Singapore (MPA). This award recognizes organizations that have made significant contributions toward the development of Singapore’s offshore and marine engineering sector. “ABS is honored to receive this award recognizing our leading role in Singapore’s marine and offshore industries,” says ABS Chairman, President and CEO Christopher J. Wiernicki.
Singapore Ranked World's Top Maritime Capital
Singapore has once again emerged in top place in a ranking Menon’s Leading Maritime Capitals of the World Report (Menon Report) for 2017. The study, by Norwegian consultancy firm Menon Economics, looked at 24 objective indicators and garnered survey responses from more than 250 industry experts across all continents. Singapore was also ranked first in the report's 2015 and 2012 surveys. Singapore was ranked number one in the following three categories: Shipping…
How Deep is the Ocean?
Hydrogaphy, the science of surveying and charting bodies of water, is essential to the safe, sustainable and cost-effective use of the world’s oceans. This was International Maritime Organization (IMO) Secretary-General Kitack Lim’s message at the 1st Assembly of the International Hydrographic Organization (IHO) in Monaco (24 April). Around 90% of the world’s oceans and 50% of coastal waters have never had their depth measured.
MPA Honors Patrick Phoon
Ocean transportation firm, “K” Line Pte Ltd, and Patrick Phoon, Deputy Managing Director of Evergreen Shipping Agency, received the International Maritime Centre (Corporate) Award and the International Maritime Centre (Individual) Award respectively. The Maritime and Port Authority of Singapore (MPA) has honoured ten industry partners who have made outstanding contributions to Singapore's development…
IMO’s Legal Committee to Promote HNS 2010
International Maritime Organization (IMO)'s Legal Committee is expected to consider adopting a resolution to encourage the ratification and implementation of the 2010 HNS Convention, when it meets for its 104th session (26-28 April). Norway recently became the first country to become a Contracting State to this key compensation treaty covering the transport of hazardous and noxious substances (HNS) by ship.
Electric Boat Bags US Submarine Contract
The U.S Navy has awarded General Dynamics Electric Boat a $95.5 million contract modification to continue development of the Common Missile Compartment for the U.S.
Life Sentence for USS Ashland Attacker
A 31-year-old Somali man was sentenced to life in prison on Wednesday for engaging in piracy and other offenses in connection with an attack on a U.S. Navy ship seven years ago, the U.S. Justice Department said. Mohamed Farah, 31, of Somalia was sentenced on Wednesday to life in prison for his role in the attack, the Justice Department said in a statement. Another five Somalis have already been tried and convicted for their roles in the attack and are serving prison terms…
Horizon Delivers Towboat to FMT
Bayou La Batre, Ala. shipbuilder Horizon Shipbuilding, Inc. said it has delivered the M/V Victoria Pasentine, a 120’ towboat with a retractable pilot house, to its home port of New Orleans.
10 Suspects Arrested on Ship of Stolen Oil
The Nigerian navy has arrested 10 suspects after intercepting a vessel carrying stolen crude oil off the coast of the Niger Delta, a senior military official said on Wednesday.
Maiden Bakken oil cargo to Asia ships out, with more to come
The first ever reported export of North Dakota's crude oil to Asia left port last month, according to a shipping document seen by Reuters on Wednesday, in what is…
Op/Ed: Trump's Infrastructure Plan Should Include Inland Waterways
Bryan Day, executive director of the Little Rock Port Authority, weighs in on President Donald Trump’s proposed infrastructure plan, calling for U.S. policymakers to consider inland waterways and ports in America’s infrastructure plan. President Donald Trump and members of Congress continue to discuss plans for a major infrastructure spending plan for our country. With calls from leaders from across the country…
China Launches First Home-built Aircraft Carrier
China launched its first domestically built aircraft carrier on Wednesday amid rising tension over North Korea and worries about Beijing's assertiveness in the South China Sea. State media has quoted military experts as saying the carrier, China's second and built in the northeastern port of Dalian, is not expected to enter service until 2020, once it has been kitted out and armed. Foreign military analysts and Chinese media have for months published satellite images…
Hunter Buys Five Capsize Bulkers
Hunter Maritime Acquisition Corp. said it has entered into definitive agreements pursuant to which it has agreed to purchase, for an aggregate purchase price of $139.4 million in cash…
US Authorizes Non-FTA LNG Export from Golden Pass
The U.S. Department of Energy announced that it has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States. Golden Pass is authorized to export LNG up to the equivalent of 2.21 billion cubic feet per day (Bcf/d) of natural gas to any non-FTA country not prohibited by U.S.
Baltic Exchange Chief Outlines Growth Plan
Newly appointed Baltic Exchange Chief Executive Mark Jackson has set out the Exchange’s vision of the near-future in a wide-ranging speech in Singapore during the…
DNV GL Launches PSC Planner App
Classification society DNV GL has launched a new application on its My DNV GL portal – the Port State Control (PSC) Planner. The PSC Planner has been designed to help ship owners, managers and operators increase their operational efficiency by giving them an overview of a vessel’s or fleet’s PSC performance and to benchmark that performance against the IACS classed world fleet. It also helps the crew…
MAN Debuts New SCR for Two-stroke Engines
MAN Diesel & Turbo and its licensee Mitsui Engineering & Shipbuilding introduced its new high-pressure selective catalytic reduction (SCR) system, MAN SCR-HP, at an event in Tamano, Japan on April 11. The MAN SCR-HP is available for two-stroke engines of all bore sizes and reduces – through internal catalytic reaction – NOx exhaust emissions to IMO Tier III limits. With specially developed honeycombs and honeycomb materials…
Speedcast, Tampnet Partner for GoM 4G/LTE Service
Speedcast International Limited, provider of fully managed remote communication and IT solutions, has signed a reseller agreement with Tampnet for 4G/LTE services in the Gulf of Mexico.