StealthGas Achieves High Revenue
StealthGas, ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, registered an operational utilization of 97.3% in Q1 2017 (91.1% in Q1 2016), best performance since the beginning of 2014. Revenues for the three months ended March 31, 2017 amounted to $38.1 million, an increase of $1.6 million, or 4.4%, compared to revenues of $36.5 million for the three months ended March 31…
Port of Hamburg Volumes Up 1.7% in Q1
In the first quarter of 2017, the Port of Hamburg’s total throughput was up by 1.7 percent at 35.4 million tons. Growth in Germany’s largest universal port was therefore slightly above the average 1.6 percent for the other major North Range ports of Rotterdam, Antwerp and Bremen/Bremerhaven. Contributing to the Hamburg total, bulk cargo throughput was 6.7 percent higher at 12.2 million tons, and general cargo handling at 23.1 million tons, just 0.7 percent lower.
Diana Shipping Annouces Time Charter for Bulker Pair
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Kamsarmax dry bulk vessels, the m/v Astarte. The gross charter rate is US$9,000 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen months to maximum seventeen months. The charter is expected to commence on June 12, 2017.
US Delivers Ship to Vietnam Coast Guard
The U.S. Coast Guard transferred a high-endurance cutter to its Vietnamese counterpart in Honolulu, the U.S. Embassy in Hanoi said on Friday, in the latest effort to deepen ties with its former foe. The move follows an increase in exchanges between the two countries, ahead of a visit to the United States next week by the Vietnamese prime minister and a recent delivery of six patrol boats to the Vietnamese coast guard.
VLCC Rates to Stabilise as Owners' Resolve Stiffens
VLCC's likely to struggle to break even for next two months; three-tier VLCC market weighs on sentiment. Freight rates for very large crude carriers (VLCCs) are likely to become steady around the current levels as owners resist charterers' attempts to pull down hire rates with the emergence of a three-tier market, brokers said on Friday. That came as brokers said South Korean charterers GS Caltex/S…
Wärtsilä to Replace OSV’s Generator with Batteries
Wärtsilä informs it has signed an agreement with Norway’s Eidesvik Offshore to install a hybrid system with batteries on board of its offshore supply vessel (OSV) Viking Princess. Batteries will reduce the number of generators on board Viking Princess, and the new energy storage solution will improve engine efficiency, generating fuel savings and reducing greenhouse gas emissions, Wärtsilä said. The five-year-old Viking Princess…
Plenty Ships Wins Chinese Ferry Order
CoCo Yachts – Plenty Ships has won an order with Zhuhai Fast Ferry Company to build two aluminum high speed ferries. Zhuhai Fast Ferry Company has several fast ferries in its fleet, including two CoCo Yachts designed Coastal Cruiser 288, which are sailing between Zhuhai port and the Chinese Ferry Terminal in Hong Kong. The new designed Coastal Cruisers 356 will start the service between Zhuhai and the islands in the Pearl River delta.
Global Maritime Makes Two Hires in Asia Pacific
Global Maritime, a provider of marine warranty, dynamic positioning and engineering services to the offshore sector, has made two important hires to support its Asia Pacific (APAC) operations. Mei Ling Chan has been appointed as Regional Finance Manager for APAC where she will take responsibility for finance functions and reporting across the region; and Leong Weng Yoon has been named Global Maritime’s new HSEQ Manager for APAC.
Rapp Marine Deck Equipment Rounds out New Harley Barges
Rapp’s workboat market offerings span the full range of operator requirements. Their latest contract provides a turnkey package. Long known for delivering innovative and custom deck machinery solutions to a wide range of marine stakeholders, Rapp Marine recently was tasked with providing not one, but two complete equipment package for West coast-based Harley Marine Services (HMS). The Rapp portfolio spans the full gamut of machinery…
Eltorque Offers Failsafe Valve Control
Manufacturer of electric valve actuators Eltorque has unveiled its new ‘Safe Intelligence’ concept, a prototype line of battery-assisted failsafe valve actuators that will guarantee full functionality in the event of power or signal loss. A robust solution to round out the intelligent control offered by all Eltorque actuators, the intelligent battery solutions keep valves under control, even in an emergency.
LUKOIL Marine Cylinder Oil Approved by MAN and WinGD
Ready for the 2020 sulphur cap? There is a big change in fuels ahead of us and the fuel suppliers are busy looking into several options. However, regardless of whether de-sulphurisation, MGO or distillate blends or any predominantly hydrocarbon blend with a maximum of 0.5 percent sulphur content or a 0.1 percent limit in ECA - “We are ready,” said Stefan Claussen, Technical and Marketing Director of LUKOIL Marine Lubricants.
Volvo Penta Appoints Midwest Marine Sales Partner
Further building its network of Power Centers and distribution partners to support its commercial marine business in North America, Volvo Penta of the Americas has appointed Interstate Power Systems as a strategic commercial marine partner for Minnesota, Wisconsin, Iowa, Illinois and upper Michigan. Interstate Power Systems was founded in 1957 and currently has four primary divisions providing products and services at more than 20 locations across the upper Midwest.
New Simulator Operators Training Course
eMaritime group have written a new five-day Simulator Operators Training Course (SOTC) and will launch it with a free one-off session from June 19-23, 2017 at eMaritime Group HQ, Whiteley, Hampshire. The SOTC course has been written to give those who wish to teach on a maritime simulator the necessary skills, teaching techniques and aids within a standard bridge simulator environment. The course is generic to simulator training in general and so can be applied to any make or model of simulator.
Flex LNG signs deals to buy six new vessels
Oslo-listed Flex LNG has signed contracts to buy six new liquefied natural gas (LNG) vessels for its fleet by 2019, as it bets on increasing fuel demand from Britain and other countries, its chief executive told Reuters. The gas shipping company said earlier this year it was considering buying the six vessels, each with around 170,000 cubic metres of capacity, subject to securing funding for the $1.2 billion transaction.
Bulk Carrier Rescues Fishermen off Peru
The commercial bulk carrier Global Vega rescued seven fishermen in distress on May 21 off the coast of Peru. While Global Vega was sailing from the port of Acajutla, El Salvador, to the port of Callao, Peru, the vessel came upon a fishing boat having engine trouble. Food and fresh water were provided to the fishermen and their boat was moored to Global Vega. Afterward, the fishermen and their boat were safely delivered to the Peruvian Coast Guard.
Asian Maritime Sector Ready for More VSAT
A Marlink commissioned survey of Asian ship owners has confirmed that many shipping companies are ready to embrace the increased capacity and greater data usage enabled by maritime VSAT. Marlink initiated the survey to further deepen its understanding of the Asian markets, align its service development roadmap and ensure the specific needs of Asian customers are met with flexible, cost-effective and innovative new communication services.
MOL Introduces Autonomous Ocean Transport System
Mitsui O.S.K. Lines (MOL) has announced that its joint project with Mitsui Engineering & Shipbuilding Co., Ltd. on developing a technological concept for autonomous ocean transport system, was selected by Japan's Ministry of Land, Infrastructure, Transportation and Tourism (MLIT) for its FY2017 Transportation Research and Technology Promotion Program (Note) on May 16, 2017. The research consortium of the project is comprised of MOL…
IMO Workshops on Fouling
Biofouling – the build-up of aquatic organisms on a ship’s underwater hull and structures – was again on the agenda at the latest in a series of International Maritime Organization (IMO) workshops.
Future USS Washington Delivered
The Navy accepted delivery of the future USS Washington (SSN 787), the 14th submarine of the Virginia-class, May 26. Washington is the fourth of eight Virginia-class Block III submarines and the seventh of the class to be delivered to the Navy by Huntington Ingalls Industries - Newport News Shipbuilding in Newport News, Virginia. Washington began construction in September 2011 and will be commissioned later this year in Norfolk, Virginia.
Indian Navy Ships in Indonesia
In pursuance of India’s ‘Act East Policy’, Indian Naval Ships Sahyadri, Shivalik, Jyoti and Kamorta under the command of Rear Admiral Biswajit Dasgupta, YSM, VSM, the Flag Officer Commanding Eastern Fleet are on an overseas deployment to the South East Asia and Southern Indian Ocean. Indian Naval Ships Sahyadri and Kamorta are on a port visit to Jakarta from May 26 to May 30, 2017 and to Surabaya from June 01 to June 05.