Diana Charters out Sagitta to Hapag-Lloyd
Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hapag-Lloyd AG, Hamburg, for one of its Panamax container vessels, the MV Sagitta. The gross charter rate is $9,500 per day, minus a 1.25 percent commission paid to third parties, for a period of up to minimum July 7, 2017 to maximum August 15, 2017. The charter is expected to commence on May 12, 2017. Sagitta is a 3,426 TEU container vessel built in 2010.
Op/Ed: Trump Signals New Day for Offshore Energy
National Ocean Industries Association president Randall Luthi weighs in on President Trump’s Executive Order on offshore energy. It’s a new day and a new attitude for American energy. The National Ocean Industries Association (NOIA) applauds President Donald Trump’s Executive Order recognizing the vital role of offshore energy in an overall national energy policy. The Energy Information Administration (EIA) predicts that in the year 2040…
Marshall Islands Court Sets Date for Frontline Case against DHT
Oil tanker firm Frontline said on Friday the high court in the Marshall Islands has agreed to hear on May 17 its complaint against takeover target DHT Holdings, which is incorporated in the remote Pacific republic, over a rival deal with BW Offshore. Frontline, controlled by Norwegian-born billionaire John Fredriksen and owner of a 14.5 percent stake in DHT, has been trying for the past year to take…
Seattle Kicks Off Its Biggest Cruise Season
The Port of Seattle has kicked off its biggest cruise season yet with more than one million revenue passengers on 218 vessels, making Seattle the biggest cruise port on the West Coast. The cruise industry in Seattle is responsible for over $500 million in economic impact to the region, providing more than 4,000 jobs and $18.9 million in state and local taxes, with each homeported vessel generating $2.7 million to the local economy.
DOF Takes Over Canadian Subsea Shipping Company
Norway’s DOF Subsea AS said it has purchased the remaining shares in Canadian Subsea Shipping Company AS. Before the transaction, DOF Subsea AS owned 45 percent of the shares in the company.
Saipem Teams Up with Italy Railways in Russia Project Bid
Saipem has teamed up with Italy's state railways to bid for work on a Russian high-speed train project as the Italian oil engineering and contracting firm seeks…
Lower Rates for Bigger Vessels Drag Baltic Index Down
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the ninth consecutive session on Friday, weighed down by lower rates for larger vessel segments. The overall index — which factors in rates for capesize, panamax, supramax and handysize shipping vessels — fell 25 points, or 2.2 percent, to 1,109. The index registered a weekly decline of about 7 percent.
Lloyd’s Register Launches Marine Analytics Service
Lloyd’s Register (LR) has launched its Marine Analytics service with a methodology that will enable companies to obtain value from operational data and connected assets.
Finland’s Oldest Ferry Goes All Electric
From steam to diesel and now electricity: the oldest operating ferry in Finland will tomorrow become the nation’s first all-electric passenger vessel after being fitted with Visedo power. The City of Turku will officially re-launch the historic Föri ferry tomorrow, complete with a new zero-emission electric drivetrain that will deliver greater efficiency, less noise and reduced operating costs. The Föri initially entered service in 1904…
REINTJES Launches New Hybrid Step-up Gearbox
Power train specialist REINTJES will demonstrate its new BAE HybriGen Zero system at the Offshore Technology Conference (OTC) in Houston. The recently developed hybrid step-up gearbox for retrofit offers reduced operating costs, reduced emissions and reduced maintenance costs, REINTJES said. This latest product line in REINTJES’ portfolio features a front-engine mounted gearbox combined with a permanent magnetic electric generator up to 300 kWe.
Kongsberg Maritime, SES Form Strategic Alliance
Kongsberg Maritime Inc., the North American division of Norway headquartered marine and offshore technology company Kongsberg Maritime, and Houston headquartered Stress Engineering Services (SES) have formed a strategic alliance to better serve existing and new clients with cost effective engineering services and fully integrated technical solutions within offshore drilling and floating production systems.
Tuco Debuts New Light Dive Vessel
Tuco Marine has presented its new vessel dedicated to the diving and subsea market, the ProZero 12m LDV Light Diving Vessel. The boat is designed and optimized to serve as a platform for subsea operations and support of up to three divers. Diving operations include underwater inspection, investigation, construction, repair and maintenance of machinery and structures and recovery of sunken assets. In addition to the large driver and control cabin…
BOURBON to Install Mooring for Floating Wind Turbine
French offshore marine services company BOURBON said it has been awarded a contract for the mooring installation of the first floating wind turbine in France at…
Maersk to Pay $4 Bln for Hamburg Sud
The world's biggest container shipping company Maersk Line will pay 3.7 billion euros ($4.02 billion) for its acquisition of smaller German rival Hamburg Sud, it said on Friday. Combined, the two companies will be able to realise annual operational savings of about $350 million to $400 million, Maersk Line said in a statement fleshing out detail on the deal announced in December. "By keeping Hamburg Sud as a separate and well-run company…
BW Offshore to get FPSO from Keppe
Keppel Shipyard Ltd (Keppel Shipyard), is on track to deliver a Floating Production Storage and Offloading (FPSO) vessel to BW Catcher Limited, a wholly-owned subsidiary of BW Offshore.
Impacts of Bio-fouling
The issue of biofouling has been under the microscope at a series of national workshops delivered by International Maritime Organization (IMO), most recently, a national workshop held in Antananarivo, Madagascar (25-27 April). All ships can experience a build-up of aquatic organisms on their underwater hull and structures, which is known as biofouling. This can impact on the ship speed and energy use…
Hyundai Heavy Sails Back to Profit in Q1
Hyundai Heavy Industries (HHI) has posted a net profit of KRW462.3bn ($409.6m) for the first quarter of 2017, making it the fifth consecutive quarterly profit for the group. This represents a surge of 90% from the previous corresponding quarter. However, sales fell 1.9 percent to 10.76 trillion won. HHI mainly attributes the whooping quarterly operating profit increase to 127.1 billion won operating profits from HHI’s Shipbuilding Division which is 251% up from the first three months last year.
US Navy to Christen Submarine Indiana
The Navy will christen its newest Virginia-class fast attack submarine, the future USS Indiana (SSN 789), during an 11 a.m. EDT ceremony Saturday, April 29, at Huntington Ingalls Shipyard in Newport News, Virginia. Vice President Mike Pence, who previously served as the 50th governor of Indiana, will deliver the ceremony's principal address. Diane Donald, wife of retired Adm. Kirkland H. Donald, director of Naval Nuclear Propulsion from 2004 to 2012, is serving as the ship's sponsor.
Maritime Educators on Energy-Efficient Ship Operation
Maritime educators from Panama and Jamaica are taking part in an International Maritime Organization (IMO) training workshop to introduce the topic of energy-efficient ship operation into their teaching curriculums. The workshop, taking place in Panama City, Panama (25-26 April) was developed under the Organization’s GloMEEP project and supports maritime training institutes to deliver the IMO Model Course 4.05 to seafarers.
HMAS Ballarat Exercises with Canadian Navy
Royal Australian Navy Frigate HMAS Ballarat has completed a range of underway exercises with Royal Canadian Navy ships HMCS Ottawa and Winnipeg in the waters of South East Asia during Ballarat's South East Asia deployment. The exercises, conducted in international waters from 19-21 April, included close quarters manoeuvring, practicing replenishment at sea activities and conducting anti submarine warfare training utilising helicopters from both navies.