Baltic Index Continues Slide Across All Segments
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Friday for the 14th straight session as rates across vessel segments continued to slide. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 20 points, or 2.35 percent, at 830 points - its lowest level since Feb. 22. The capesize index lost 56 points, or 3.92 percent, at 1,374 points.
Tropical Storm Beatriz Bears Down on Mexican Coast
Tropical Storm Beatriz approached Mexico's Pacific coast on Thursday, the U.S. National Hurricane Center said, dumping heavy rains that resulted in at least two deaths, caused landslides and forced road closures and flight cancellations. The emergency services in the southwestern state of Oaxaca said a landslide in the village of San Marcial Ozolotepec buried some houses and rescuers had found one dead boy, while one more was missing.
BW Offshore CEO Sees Signs of Recovery
BW Offshore, which delivers floating production services to the oil and gas industry, sees signs of an improved market. "It's still early days but we definitely see a pick-up in discussions and tendering activity," CEO Carl Arnet said during the firm's first-quarter earnings presentation. Says Brazil will be important but also sees activity elsewhere. BW Offshore reported Q1 earnings below forecast on Monday.
SEACOR Marine Holdings Begins Trading on NYSE
SEACOR Holdings Inc. has announced the completion of the spin-off of SEACOR Marine, finalizing the transition to SEACOR Marine’s status as an independent public company. Until this point a subsidiary of SEACOR, SEACOR Marine attained full independent status yesterday, June 1, 2017. SEACOR Marine begins “regular-way” trading on NYSE today under the symbol “SMHI”.
Matson Increases Its South Pacific Express Service
Matson said it it will increase the frequency of its South Pacific Express (SPX) service to Samoa and American Samoa from 28 days to 14 days. The service provides transits from Hawai'i and the U.S.
Samsung Heavy Industries, DNV GL Partner for LNG Carrier Design
DNV GL and Samsung Heavy Industries. Co., Ltd (SHI) signed a joint development project (JDP) agreement focused on the development of new LNG carrier designs. Mun-Keun Ha, Senior Executive Vice President of SHI, and Tommy Bjørnsen, DNV GL’s Regional Manager Maritime Korea & Japan, signed the agreement at the DNV GL Group head office in Høvik, during Nor-Shipping week. The JDP aims to develop two 30K LNG carrier designs, one with membrane type LNG tanks and one with type-C (pressurized) LNG tanks.
Fishing Trawler Launched in Nauta Shipyard
On June 2 Nauta Shiprepair Yard launched a newly built partly outfitted fishing trawler Rockall. It was third launching ceremony in Nauta Shipyard this year. Rockall is also the 10th unit which was built by Nauta for Karstensens Skibsvaerft AS. Rockall (B-436) is 69.9 m long and 14.2 m wide. Depth of the unit is 7.5 m. Astrid Fiskeri AS from Denmark will be the final owner of the ship. In terms of technical parameters, the vessel is similar to the Grateful, which was launched in September 2016.
Nigeria Oil Exports Continue to Climb
Nigeria issued its first Forcados oil loading plan since 2016, putting the nation's June oil exports on track to hit thier highest level in at least 15 months. The plan…
New Approaches to Inland Infrastructure Renewal
Economical repairs are being applied to rapidly corroding steel and concrete structures in U.S. ports and inland waterways. The new repair systems – PileMedic & SPiRe – might just be what the doctor ordered. Recent advancements in using Fiber Reinforced Polymer (FRP) for major structural repair and strengthening of submerged marine piles made of concrete or even timber has led to an economical, less invasive infrastructure repair solution for inland port development compared to current systems.
General Dynamics Wins US Navy Training Contract
U.S. Navy to update curriculum and training-related programs for surface force operations and combat systems globally. General Dynamics Information Technology, a business unit of General Dynamics…
Hyper Connectivity: The Risks and Rewards
The maritime industry is becoming more connected – at sea, on land and in between. This trend has given rise to a cyber-enabled fleet that continues to adopt greater levels of automation and operational complexity. For the end user, the benefits of modern shipping are multiple. For the ship owner or operator, however, every incremental advance of technology creates new entry points for risk. In this hyper-connected era…
Ballast Water Compliance: More than a System, it is Knowledge
The ratification of the IMO Ballast Water Management Convention date is fast approaching, and according to a survey we conducted with more than 35 port state control (PSC) personnel, many will not be prepared come September. There is a lot of uncertainty in the shipping industry in general, with 70 percent of the survey respondents aware that ballast water regulations had been ratified, but zero percent had a plan in place to address the duties of ballast water compliance.
New Push Boat Delivered to Devall Towing
The newly built M/V Jackson Scott has been delivered to owner Devall Towing and Boat Service of Hackberry, La. The Jackson Scott is a 64’ X 27’ inland push boat, powered by two fully mechanical, EPA Tier 3 engines rated 630HP @ 1,600RPM. The engines are coupled to Twin Disc MG 5222 transmissions turning four-blade 70” X 56” propellers. The M/V Jackson Scott follows four previous Devall Towboats with the same propulsion package from Laborde Products.
CMIH, DNV GL Enter Shipbuilding Partnership
At Nor-Shipping this week, China Merchants Industry Holding (CMIH) and DNV GL have signed a strategic cooperation agreement with a focus on advancing shipbuilding in the gas carrier, offshore and special vessel segments. The agreement – signed by Gui Ming Zhu, Deputy General Manager of CMIH and Director of Yiu Lian Dockyards (Shekou) Limited, and Torgeir Sterri, Regional Manager Greater China at DNV…
Delfin Project Gains US Approval to Export LNG
The U.S. Department of Energy (DOE) has approved a long-term application to export liquefied natural gas (LNG) from the first offshore project, Delfin LNG, LLC. Exports in the amount of 1.8 billion cubic feet per day (Bcf/d) of natural gas are approved from Delfin’s proposed offshore Louisiana floating LNG terminal in the Gulf of Mexico. Development of the Delfin project offshore of Cameron Parish, La. will include the construction of floating liquefaction and storage vessels.
Arcadia Receives EU MRV Monitoring Plans
Greek company Arcadia Shipmanagement Co Ltd became the first to receive verification from classification society DNV GL for compliant monitoring plans for its entire fleet under the new EU emissions monitoring, reporting and verification (MRV) regulation. The company was presented with a certificate recognizing the achievement at DNV GL’s Piraeus office. “We are very proud to be the first shipping company to have been awarded the verified EU MRV management plans…
New Containerships for Eimskip, Arctic Line
Iceland’s Eimskip Ltd. and Greenland-based Royal Arctic Line A/S have ordered three new Arctic-capable 2,150 TEU containerships to be built at the Guangzhou Wenchong Shipyard in China. The new vessels, designed by Deltamarin to fit the two ship owners’ trading routes, will measure 180 meters in length and 31 meters breadth, larger than the current vessels in the trade. The ice class ships will comply with the newly adopted IMO Polar Code.
New MTU Engines Make Their Debut
At the international maritime exhibition Nor-Shipping in Oslo from May 30 to June 2 2017, MTU, part of Rolls-Royce Power Systems, presented its propulsion and systems portfolio, primarily for offshore supply vessels, workboats and ferries. This included Series 2000, 4000 and 8000 propulsion engines in an output range from 400 to 10,000 kW, hybrid propulsion solutions and diesel electric propulsion systems and diesel gensets for the supply of on-board power.
Deltamarin Integrates Floating Construction Arm
The operations and personnel of Deltamarin Floating Construction (DMFC) were integrated into Deltamarin Ltd. on June 1, 2017, in a move that aims to help simplify the group’s structure.
Submersible, Magnetic Robot Performs Hull Inspections
Canadian company Deep Trekker has launched a new inspection vehicle at Nor-Shipping 2017: the Deep Trekker DT640 Utility Crawler, the first three-wheeled vehicle of its kind. Equipped with an HD camera, magnetic wheels and a multitude of application specific add-ons, the Utility Crawler can perform an array of tasks, making it versatile and easy to deploy at a moment’s notice, the manufacturer said.