Korea Line Signs USD 1.15 bln LNG Shipping Deal from KOGAS
Korea Line Corporation (KLC) has secured a KRW 1.27 trillion (USD 1.1 billion) contract to transport liquefied natural gas (LNG) for its compatriot Korea Gas Corporation (KOGAS). Yonhap reported that under the deal with Korea Gas Corp. (KOGAS), Korea Line will transport LNG through May 30, 2037, the company said in a regulatory filing. Other details of the contract were not revealed. In 2013, Korea Line was taken over by SM Group, a midsized shipping group.
Sunday is the Day of the Seafarer
On Sunday, 25 June, seafarers are in focus. This date has been dedicated to seafarers as United Nations' international day in honour of the world's seafarers, the Day of the Seafarer. This year’s theme “Seafarers matters” accents the importance of the seafarers efforts and underlines that the seafarers are a vital element in shipping. A press statement from Danish Maritime Authority said that you can…
UK Chamber of Shipping Survey on Election Results
A survey carried out by the UK Chamber of Shipping has found that a majority of its members believe that the general election result will damage the economy and hinder the Brexit negotiation process, and that a deal on transitional arrangements must be struck with the EU as the Article 50 process unfolds. The study, which was carried out among the UK's biggest shipping companies, found that 62.5% of…
Carl Vinson Carrier Strike Group Returns from WESTPAC
The aircraft carrier USS Carl Vinson (CVN 70), Ticonderoga class guided-missile cruiser USS Lake Champlain (CG 57), Arleigh Burke-class guided-missile destroyer USS Wayne E. Meyer (DDG 108), along with embarked Carrier Strike Group (CSG) 1, Carrier Air Wing (CVW) 2, and Destroyer Squadron (DESRON) 1 arrived in San Diego June 23, following a five-and-a-half-month deployment to the Western Pacific. Carl Vinson, Lake Champlain, Wayne E.
MOL-MES Joint Development Next-generation Vessel Monitoring System
Mitsui O.S.K. Lines (MOL) announced an agreement with Mitsui Engineering & Shipbuilding (MES) to jointly develop next-generation vessel monitoring and support systems for practical applications and commercialization. Based on the real time data, for example from navigation and machinery, acquired by data collecting units (products of MES), the joint development will encompass the next-generation vessel monitoring and support system…
Abandonment of Seafarers on Agenda
Seafarer abandonment was the subject of a seminar held at International Maritime Organization (IMO) Headquarters, London (22 June) – a joint IMO-Consular Corps of London event. Diplomats and consular officers involved in dealing with abandonment cases heard speakers provide a variety of perspectives on the subject, including on the legal framework, seafarer support, the representation of seafarers' interests, and the flag State perspective. Click for photos.
Mexico's Pemex Sees Restart of Salina Cruz Refinery
Mexican state oil producer Pemex said on Thursday that it expects to restart operations on July 30 at Salina Cruz, its largest oil refinery, after it was hit last week hit by flooding and subsequent fire that forced a shutdown of the plant. The program contemplates three-way actions: Restarting operations; cleaning and rehabilitation of the affected site and general maintenance, taking advantage of the shutdown of the process.
Reederei Hamburger Lloyd Chooses Sealink Plus VSAT
Hamburg-based shipping group Reederei Hamburger Lloyd will move its fleet of nine containerships and six bulk carriers to Marlink’s Sealink Plus VSAT package including unlimited L-band backup.
New 11,000 TEU Ship Enters Service for Zim
The newly built 11,000 TEU vessel Cape Sounio owned by Costamare has been deployed on Zim’s Asia South America East Coast (ASE), the Israeli container shipping company said. The vessel embarked on its maiden voyage on from Pusan, South Korea, on May 4, on its regular route calling ports in Brazil, Uruguay and Argentina, connecting to major Asian ports. Built at Hanjin Heavy Industries and Construction Philippines (HHIC Phil) and delivered in April…
Novatek Aims to Topple Qatar from LNG Top Spot
Russian gas producer Novatek aims to topple Qatar as the world's biggest exporter of liquefied natural gas as it gets closer to completing its first LNG project, a top executive said, batting away concerns about U.S. sanctions on the sector. The country's largest non-state gas producer is expected to start exporting LNG from the first phase of the Yamal project, situated far above the Arctic circle…
Viega: Maintaining the Flow
Viega Group has a history spanning more than 115 years and today is more than 4,000 employees worldwide, a leading manufacturers of pipe installation technology for shipbuilding, industrial, commercial and residential projects. In the U.S., Viega LLC employs nearly 500 people and offers more than 3,000 products, including Viega ProPress for copper and stainless, Viega MegaPress for black iron pipe and Viega PEX Press systems in Zero Lead bronze and high-performance polymer.
Improved Safety and Training, Step-by-step
Everyone responsible for safety or training in their organization is aware that everything is changing in the maritime world. The worker demographic has shifted; regulatory demand is rising; and compliance is more complex. Accidents are more public and the consequences more severe. Ignoring this changing operational context means we are creating risk for tomorrow – a risk that increases every day until finally something gives.
Interior Refit for Cunard's Queen Victoria
McCue Crafted Fit secured a repeat order from Cunard to refit the shops and art gallery on board its luxury liner, Queen Victoria. This follows the remastering of aspects of the Queen Mary 2 (QM2) in Hamburg, Germany in 2016. The £34 million ($43 million) refit comprises of an upgraded and increased choice of staterooms, new Britannia Club dining, a broader and more distinct bar offering, a transformed sun deck, enhanced retail areas and relocated new larger art gallery.
Metal Shark Wins $54 Mln US Navy Contract
Louisiana-based shipbuilder Metal Shark said it has been awarded a contract worth up to $54 million from the U.S. Navy to build Near Coastal Patrol Vessels (NCPVs) for U.S. partner nations through the Department of Defense Foreign Military Sales (FMS) program. Metal Shark’s proposal was selected by Naval Sea Systems Command from a field of six competing shipyards. Under the terms of the award, Metal…
Ballast Water Treatment Systems: How to Ensure They Work
The second half of 2016 brought shockwaves to some ship owners who were still in a state of denial about the need to install ballast water treatment systems (BWTS) onboard their vessels.
Baltic Index Gains on Stronger Rates for Panamax, Smaller Vessels
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for second consecutive session on Friday supported by stronger rates for panamax and smaller vessels. The overall index, which considers rates for capesize, panamax, supramax and handysize shipping vessels, rose 15 points, or 1.75 percent, to 870 points. The capesize index was marginally down 6 points, or 0.6 percent, at 987 points.
KOGAS to Receive first Cheniere LNG Cargo
KOGAS to receive first LNG cargo from Cheniere in July; this marks start of 20-year supply contract. Korea Gas Corp (KOGAS) will early next month receive its first liquefied natural gas (LNG) cargo under a long-term supply deal with U.S. exporter Cheniere Energy, two sources at the South Korean company said on Friday. The 74,000-tonne LNG cargo was loaded from Cheniere's Sabine Pass export terminal in Louisiana and is scheduled to arrive at the port of Tongyeong…
Cindy's Remnants Drench Gulf Coast, Wreaking Havok
The remnants of Tropical Storm Cindy brought tornadoes and flooding to the U.S. Gulf Coast on Thursday and its heavy rains will drench much of the eastern United States in coming days…
Transas CEO Coles Speaks on the Future for Seafarers
A message from Frank Coles, CEO of Transas on the International Day of the Seafarer. On this day of recognition, I would like to celebrate the women and men who commit their careers and their lives to being at sea for extended periods of time. The future facing the maritime industry today is a very different one from when I first went to sea in 1977. Back then the sextant was King. Today the people…
Two New Tugs for Rimorchiatori Riuniti
Italian tug operator Rimorchiatori Riuniti has continued its fleet expansion with the deliveries of two new Damen tugs; an ASD 2913 called Danimarca and an ASD 2411 called Columbia. The delivery of the Danimarca took place in Genoa on June 14, 2017. This new tug will join the ASD 2913 Germania that joined the company’s fleet at the beginning of the year. Like her sister vessel, the Danimarca has also been installed with FiFi 1 and an aft winch…