Maritime UK on Brexit Negotiations
As negotiations begin on the UK's departure from the European Union, David Dingle CBE, Chairman of Maritime UK said: "These are the most critical set of negotiations in a lifetime. “Above all, we need free trade with Europe as well as the rest of the world, enabling our sector to perform its unique and fundamental role in facilitating UK global trade. “A cross-party agreement on Brexit would be a powerful tool to demonstrate a united front in the negotiations.
J.P. Morgan Raises Distressed Shipping Fund
J.P. Morgan Global Alternatives has closed a $480 million fund to invest in distressed shipping assets, attracting capital from pensions, endowments and insurance companies, reports Financial News London. The Global Maritime Investment Fund II, which surpassed its $400 million targeted capital raise, is one of the largest dedicated shipping funds. It seeks to invest, through a closed end structure…
Ballarat Completes Malaysian Visit
Australia's HMAS Ballarat has completed a port visit to Sepanggar, Malaysia as part of a three month South East Asia deployment. She was in the region to enagage with the Royal Malaysian Navy, and load supplies before she returns to Australia for further exercises. Chief of Joint Operations, Vice Admiral David Johnston, said Ballarat’s deployment provided an opportunity to engage with many nations in South East Asia.
DMA Ship Station License Goes Digital
The Danish Maritime Authority (DMA) continues its work digitalising Blue Denmark in order to utilise the technological solutions available for the benefit of Blue Denmark. Now, the Ship Station License has become digital – just like the other ship certificates. The number of administrative burdens imposed on the industry is reduced through digitalisation of the Ship Station License. Director Rasmus…
Containerships’ LNG Vessel’s Building is in Progress
Building of Containerships’ new Liquefied Natural Gas (LNG) vessels is progressing at Wenchong Shipyard, Guangzhou. The construction of three upcoming vessels is in action in the Chinese shipyard. For the first vessel, two double bottom blocks are already under erection on slipway. In addition, six blocks have been painted and over 80 blocks are accepted. Over 60 blocks for the first vessel are under construction.
India to Sensitize Maritime Fraternity to New Tax Regime
The Ministry of Shipping in India conducted a workshop on “GST for Shipping” in New Delhi today to sensitize all constituents of the maritime fraternity, as the country lauches the new Goods and Services Tax (GST) to revolutionize the country's tax system. The workshop was attended by representatives from ports, various attached and subordinate organizations under the Ministry of Shipping and industry associations.
US LNG Going Global
The U.S. liquified natural gas (LNG) market is ripe with opportunity, according to American Action Forum (AAF). "When coupled with the tension surrounding Qatar (the largest exporter of natural gas in the world), this makes U.S. LNG production a very attractive option," said Kimberly VanWyhe is the Director of Energy Policy at the AAF. In 2016, LNG exports from the U.S. totaled 184,141 million cubic feet with a value of roughly $564 million. Currently the U.S.
Air New Zealand Wins Deal to Service US Navy Engines
Air New Zealand said its Gas Turbines business unit has been awarded four contracts from the U.S. Navy worth up to $42 million to service its fleet’s gas turbine engines.
L3 to Equip Egyptian Minehunting Vssels
L3 Maritime Systems said it has received an $11 million contract from VSE Corporation to upgrade the Machinery Control Systems (MCS) on two minehunting ships for the Egyptian Navy.
CSA Awards Vessel Safety
The U.S. maritime industry publicly recognized the merchant mariners responsible for safe ship operations at the Annual Safety Awards Luncheon held on June 7, 2017. In all, 211 people, representing 53 companies and their subsidiaries attended the annual industry-sponsored event where 1,582 vessels with 10,604 cumulative years of accident free operation were recognized. Since 1958, the Chamber of Shipping…
Disruption 'Powered by Transas'
Maritime Reporter & Engineering News caught up with Frank Coles, the ubiquitous leader of Transas, fresh from his company’s user’s conference in Malta. In typical candor, Coles paints his picture of maritime and shipping’s future. With a captive audience of more than 400 clients in scenic Malta for several days earlier this year, one might be surprised when Frank Coles admits that the meeting was not all about Transas. “I wanted something completely different.
More than 120 Migrants Feared Dead after Boat's Motor Stolen
More than 120 migrants are feared to have died at the weekend when the motor of their boat was stolen, causing it to sink, the International Organization for Migration (IOM) said…
SENER Presents Its Latest Innovations
According to SENER, FORAN has been widely used in Norway for some time now, making this biennial event a great opportunity not just to meet new companies interested in FORAN – from Norway and other countries – but also to touch base with a lot of its clients and more particularly with users of this system. FORAN V80R2.0 is a development within the new generation of CAD/CAM/CAE systems for the design and production of ships and offshore platforms.
Ingalls Bags $3 Bln for Bougainville (LHA 8) Build
Huntington Ingalls Industries (HII) said its Ingalls Shipbuilding division has been awarded a $3 billion contract for the detail design and construction of the new U.S. Navy amphibious assault ship Bougainville (LHA 8). Ingalls was awarded the original long-lead material contract for the third ship in the America (LHA 6) class on June 30, 2016. “Our shipbuilders do an outstanding job building large-deck amphibious warships,” Ingalls Shipbuilding President Brian Cuccias said.
ICS Urges IMO to Set Ballast Water Implementation Dates
The International Chamber of Shipping (ICS) has urged the International Maritime Organization (IMO) to back a proposal from a broad coalition of governments concerning the implementation dates for installing new ballast water treatment systems. “If this pragmatic proposal is agreed, this would allow shipping companies to identify and invest in far more robust technology to the benefit of the marine environment,” said ICS Secretary General, Peter Hinchliffe.
Charters Joins NOAI Staff
Tim Charters has joined the staff of the National Ocean Industries Association (NOIA) as Senior Director of Governmental and Political Affairs. Charters comes to…
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Dozens Rescued from High-speed Ferry Accident
The U.S. Coast Guard and local responders have rescued 55 people stranded aboard a high-speed ferry that hit a jetty while entering Hyannis Harbor, Mass. The local…
Saudi Navy Detains IRGC Boat
The Saudi navy has captured three members of Iran's Revolutionary Guard Corps (IRGC) from a boat seized last week as it approached the kingdom's offshore Marjan oilfield…
Knutsen Orders Four ME-GI Engines
Norwegian operator Knutsen OAS Shipping has ordered four MAN B&W 5G70ME-GI engines with EGR systems in connection with the construction of two 180,000 m3 liquefied natural gas (LNG) tanker newbuildings. Upon delivery in 2020, the vessels will transport cargoes worldwide for two Spanish utility companies. According to the engine’s manufacturer MAN Diesel & Turbo, the order follows the increasingly popular path initiated by Gas Natural Fenosa…