Federal Dollars for Charleston Harbor Deepening
The Charleston Harbor Deepening Project was named one of six “new starts” and received $17.5 million in construction funding in the U.S. Army Corps of Engineers (USACE) Fiscal Year 17 Work Plan released today, allowing construction on the project to begin this fall as scheduled. Charleston also received $16.1 million in operations and maintenance dollars, which provide for the routine maintenance dredging of the harbor necessary for construction begin.
Essar Acquires Panamax Vessel
The Ruia brothers-led Essar Shipping Limited (ESL) of India has added a Panamax vessel of 74,005 Deadweight Tonnage (DWT) to its fleet of vessels. With this new induction, Essar Shipping now has a fleet of 14 vessels that include VLCCs, Capesizes, Mini-capes, Panamax, Supramaxes and Handysize bulk carriers. Essar Shipping’s total DWT capacity now stands at 1.6 million and its average fleet age has fallen to 12 years from erstwhile 13.5 years, according to a company statement here on Tuesday.
SeaBird in Debt Restructuring Proposal
SeaBird Exploration will propose to its bondholders and certain of its other creditors a debt restructuring of the SeaBird group that if successfully completed will facilitate a comprehensive restructuring of the group's balance sheet. Following the Restructuring the debt in Seabird will be reduced by USD 22 million and lease obligations will be reduced by USD 10.4 million. The remaining debt under…
INS Shardul Reaches Colombo Port
INS Shardul, which was dispatched by Southern Naval Command of India Navy with relief material to Sri Lanka has arrived in Colombo. In the wake of recent floods in Sri Lanka, the Sri Lankan government has asked for flood relief assistance from India. According to ANI report, India dispatched three navy ships to help in the massive rescue and relief operations launched by the island nation's triforces.
Energean Signs First Deal to Supply Gas to Israel
Greek developer Energean Oil & Gas has secured its first gas supply deals for Israel's Karish and Tanin reservoirs, Reuters reported. The deals were signed with Dalia Power, which operates Israel's largest private power station, and Or Power, which is planning to build new power plants, Energean said in a statement. The two firms will be purchasing an overall amount of up to 23 billion cubic meters…
MOL Mulls LNG Power Generation on Ships
Mitsui O.S.K. Lines (MOL) is exploring the possibilities to generate power from liquefied natural gas (LNG) aboard ships as a low-cost, environmentally friendly alternative to land-based plants. According to a report on Nikkei, MOL is looking to supply LNG to ship-based power generators to create electricity, delivering this to shore using underwater cables. This is a cheaper alternative to building shore-based power plants and could have particular appeal in emerging markets, Nikkei says.
South Korean Shipyards: Silver Lining for the Biggies
Though South Korea’s big three shipbuilders -Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, and Samsung Heavy Industries - showing signs of fiscal recovery this year, orders at midsized shipbuilding companies remain sparse. Korea Herald reported citing Korea Export-Import Bank of Korea that the order receipts of medium-sized shipyards in Korea were estimated to be around $110 million in the first quarter.
DNV GL Green Engineering Award
DNV GL has honoured three engineers for their scientific research with the DNV GL Award for Young Professionals. Presented by DNV GL – Maritime CEO Knut Ørbeck-Nilssen, the award is designed to find innovative ideas for increasing safety, efficiency and sustainability in shipping. Seeking to honour the best research, it aims to support young graduates in the maritime field. Overall, 25 graduates took part in this year’s competition.
LNG: New Milestone for MAN Rollo
MAN Rollo will provide the crane vessel Werkendam with three LNG generator sets. International marine and offshore contractor Van Oord is currently building the ship at Neptune Shipyards in Hardinxveld-Giessendam. It is the first LNG powered vessel for both the yard and Van Oord. Engine supplier MAN Rollo is a pioneer when it comes to sustainable propulsion. Karel Schuurman, Sales Manager Marine Engines at MAN Rollo says…
Schottel Gets Eight Ferry Newbuild Order for EcoPeller
Schottel has been selected to fit eight newly-built ferries with the new Schottel Rudder EcoPeller (SRE, EcoPeller) for two of Norway’s leading ferry lines. In close cooperation with the customers and Multi Maritime, the Norwegian ship designer in charge of the projects, the EcoPeller was chosen for three Fjord1 ferries with 2xSRE 340 CP each and five Torghatten ferries with 5x2 SRE 560 CP. “Our new ferry designs are the result of continuous efficiency optimization.
Cyber SAFE Ship Delivered
The first ships to be classed with Lloyd’s Register’s cyber notations have been delivered to Global United in Korea. Built by Hanjin Heavy Industries, in collaboration with Alpha Ori Technology, the ships have been awarded the notation Cyber (AL-SAFE) certifying the autonomous systems onboard as safe. This is the first real example of the digital transformation in shipping – the ships will operate in an autonomous mode for selected functions using cutting edge digital technology.
ABS Nautical Systems Simplifies MRV Compliance
ABS has launched ABS Nautical Systems NS Voyage Manager to simplify compliance reporting. The cloud-based, subscription application facilitates compliance with a range of environmental regulations, including the European Union (EU) Monitoring, Reporting and Verification (MRV) regulation for CO 2 emissions. “With EU MRV already in effect and additional regulations on the horizon, such as the International Maritime Organization’s Data Collection System requirement…
Vard Confirms Fishing Vessel Contract for Aker BioMarine
Vard Holdings Limited (VARD), one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that the contract for the design and construction of one krill fishing vessel for Aker BioMarine in Norway has been confirmed. The contract had been announced on 14 February 2017, with effectiveness of the contract still subject to certain conditions, including customary financing conditions. All conditions have now been fulfilled and the contract has become effective.