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.
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.
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…
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…
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…
UK P&I Club Advises On Hatch Cover Maintenance
The UK P&I Club’s Loss Prevention Department, in conjunction with the IMCS Training Academy, advises on the importance of hatch cover maintenance: “Whether a ship’s hatch covers are weathertight is a seemingly simple question that should have a “Yes” or “No” answer. However, coming to the right conclusion is not as easy as may initially be assumed, requiring an understanding of hatch covers, their operation and industry requirements.
IRClass Expands Presence in Southeast Asia
Indian Register of Shipping (IRClass) is boosting its presence in Southeast Asia with the opening of a new office in Malaysia. The move is part of its efforts to become a global classification society – a step taken after receiving recognition from the European Union. IRClass, which is a member of the International Association of Classification Societies (IACS), has just gained authorization as a Recognized Organization (RO) from Thailand.
Baltic Index Down on Weaker Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday on weaker rates for panamaxes and smaller vessels, even as rates for capesizes rose. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell for the seventh straight session and was down 7 points, or 0.61 percent, to end at 1,147 points, its lowest since mid-March.
Coast Guard Concludes Response to Bulker Casualty
The two surviving crewmembers of the bulk-carrier Tamar explosion were medevaced at approximately 4:30 a.m., by a Portuguese aircrew along with three New York Air National Guard’s 106th Rescue Wing pararescuers to continue medical care. The aircrew arrived in Terceira Island, Azores at about 7 a.m. A Portuguese Air Force jet is scheduled to be waiting along with a medical team to bring the injured to Lisbon, Portugal for medical treatment.
Drewry Trims Long-Term Freight Rate Outlook for LNG shipping
Given the mounting pressure on freight rates and continuing fleet growth over the next two years, Drewry believes that excess vessel supply will reduce only gradually with the recovery in rates pushed back to the latter part of next year, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry. Drewry maintains a bearish stance on the LNG shipping…
CMA CGM Otello Largest Box Ship to Call Indonesia
CMA CGM Otello has arrived Indonesia as the largest container vessel to call the country at the Jakarta International Container Terminal. The occasion also celebrated her impending maiden voyage for the industry’s first direct service from Indonesia to the United States (U.S.) on 24 April. Officiating the event was Minister of Transportation, Mr. Budi Karya Sumadi. He joined some 350 guests including various government officials as well as industry stakeholders at the milestone celebration.
Demolition Activity Weakens as BDI Moves Higher
After the Baltic Dry Index (BDI) had its seasonal weakness around the Chinese New Year in early February, stronger-than-expected demand came from across the board and lifted freight rates, says BIMCO market analysis of Dry Cargo. This brought earnings into profitable levels for a couple of days, as the BDI passed 1,282 on 27 March 2017. If earnings are at profitable levels now, how come BIMCO’s Road to Recovery keeps mentioning 2018 and 2019?
US, Egypt Begin Eagle Salute 2017
The U.S. Navy with the Egyptian Naval Forces commenced exercise Eagle Salute 2017 in the Red Sea. Eagle Salute 2017 incorporates Eagle Response 2017, an explosive ordnance exercise, to provide opportunities for participating nations to collaborate on an even wider range of maritime security operations. These exercises focus on sharing knowledge and experiences in order to enhance solid regional partnerships.
Indian Warships Visit France
In continuation of the Indian Navy’s overseas deployment to the Mediterranean Sea and West Coast of Africa, three Indian warships INS Mumbai, Trishul, and Aditya, arrived at Toulon, France for a three day visit. The ships were warmly received by the Administration in Toulon and the French Navy at Toulon Naval Base in coordination with the Embassy of India. The visiting ships are a part of the Indian Navy’s Western Naval Command and the Task Group is headed by Rear Admiral RB Pandit…
US Navy Conducts Bilateral Drill with Japan and Korea
U.S. Navy ships are conducting simultaneous bilateral maritime exercises with the Republic of Korea Navy and with the Japan Maritime Self Defense Force today and tomorrow (April 25-26, local time). The destroyers USS Wayne E. Meyer (DDG 108) and ROKN Wang Geon (DDH 978) are conducting combined maritime exercises in waters west of the Korean Peninsula while the destroyers USS Fitzgerald (DDG 62) and JMSDF JS Chokai (DDG 176) execute combined maritime exercises in waters west of Japan.
ABS Facilitates Polar Code Operational Assessment
ABS facilitated a Polar Code Operational Assessment, a milestone in the implementation of the IMO Polar Code. The assessment, which identifies operational risks and limitations, was performed with TE SubCom, a TE Connectivity Ltd. company and an industry pioneer in undersea communications technology, on its cable-laying vessel, Responder. “Completing this assessment is a critical milestone for the marine industry and the first of its kind in North America…