Aegean Marine Strengthens Presence on the U.S. East Coast
Aegean Marine Petroleum Network has announced the launch of a new service center in Savannah, Georgia, the third largest container port in the United States. The operations in Savannah will be managed by the existing Aegean U.S. team. Under the terms of the agreement with Colonial Terminals, Inc., Aegean will lease tankage from Colonial's oil terminal on the Savannah River. Aegean will acquire and blend a full range of bunker fuel products and has agreed to supply Colonial Oil Industries, Inc.
Korean Shipbuilding Parts Export to China Surge
China's imports of shipbuilding parts and equipment produced by South Korean firms surged this year, Yonhap reported. The report quoted Korea Trade-Investment Promotion Agency (KOTRA) saying that China's imports of South Korean shipbuilding parts and equipment reached US$28.3 million in the first four months of the year, sharply up 37.6 percent from a year earlier. During the cited period, China's overall purchase of such parts edged down 0.9 percent on-year to $71.5 million, the report said.
Cargotec Refinances EUR 300 mln Credit Facility
Cargotec Corporation entered into an EUR 300 million multicurrency revolving credit facility with a syndicate of its six relationship banks on 26th June. The facility carries a tenor of five years including two one-year extension options. The purpose of this facility is to refinance the existing EUR 300 million multicurrency revolving credit facility, maturing in January 2019. With this facility, Cargotec…
Expanded Panama Canal Celebrates First Anniversary
The Panama Canal commemorated the one-year anniversary of the inauguration of its Expanded Canal, one of the most significant milestones in the history of the 102-year old waterway and a defining moment for the people of Panama and the global maritime industry. In its first year of operations, the Expanded Panama Canal has continually set records and surpassed expectations, resulting in redrawn global trade routes and positive world-wide impact…
GeoSea Bags Offshore Wind Installation Work from EnBW
DEME Group’s offshore marine engineering subsidiary GeoSea said that, following successful completion of the design, it also received the Notice to Proceed for fabrication…
Explosion on Ship off Somalia Coast
Flames seen rising from vessel after blast; port residents believe vessel may be foreign. A huge explosion was heard from a ship off the coast of Somalia's Puntland…
MTG Unveils Its Latest Dredging Equipment
MTG has introduced its latest solutions for the dredging market at the Dredging Summit & Expo’17 in Vancouver from June 26-29. For cutter dredgers MTG presented its DMet range, which it said offers solutions for increasing machine protection and productivity. MTG announced it has also started to manufacture its own cutter-heads with the latest equipment to assemble and weld ensuring the highest quality.
Maersk Says It's Been Cyber Attacked
Shipping giant A.P. Moller-Maersk, which handles one out of seven containers shipped globally, said the Petya cyber attack had caused outages at its computer systems across the world on Tuesday. The attack came as computer servers across Europe and in India were hit by a major ransomware attack. "Global cyber-attack Petya is affecting multiple businesses," Maersk said on Twitter. The breakdown affected all business units at Maersk…
Higher Vessel Rates Prop Up Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday, helped by a rise in rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 19 points, or 2.15 percent, at 903 points. The capesize index rose 61 points, or 6.07 percent, to 1,066 points. Average daily earnings for capesizes…
SCHOTTEL Debuts Underwater Mountable Thruster
SCHOTTEL has expanded its portfolio with the successful tests of the 5.5 MW SRP 800 U rudderpropeller, which can be installed afloat for vessels that cannot be docked easily due to their size or area of operation. Besides application in larger offshore vessels or rigs, the new and powerful SCHOTTEL thruster is suited for cable laying vessels, offshore construction vessels and crane ships. “As a result of customer requests…
Maritime Broadband Radio: First Wireless Network at Sea
Norway has become the first nation to implement maritime broadband communication on ships and planes in public service, enabling exchange of information that can be crucial in limiting damage when accidents occur. Kongsberg Seatex and Radionor have teamed up to develop Maritime Broadband Radio (MBR), which the Norwegian companies say is, in contrast to previous systems, highly stable and has extensive reach. Among other capabilities, MBR also enables streaming of HD-video.
BW Group Completes VLCC Deliveries to DHT
DHT Holdings, Inc. said it has taken delivery of nine VLCCs acquired from the BW Group Limited, as well as the contracts for two VLCC newbuilds due for delivery in 2018. "The delivery of the fleet acquired from BW has been conducted in a speedy and efficient manner," DHT senior management said it a press release. The deal was announced in March 2017. With the latest vessel deliveries, DHT now has a fleet of 30 VLCCs…
New Australian Navy Vessel Arrives in Home Port
Completing her maiden voyage, the Damen Multi-role Aviation Training Vessel (MATV) MV Sycamore arrived in Sydney harbor early on Monday morning. The 94-meter-long vessel is now less than a month away from deployment as a versatile multi-role vessel and helicopter training platform for the Royal Australian Navy. “It is definitely an impressive sight to see the Sycamore enter Sydney harbor,” said Damen Sales Director Asia Pacific Roland Briene.
Melting Sea Ice: A Canary in the Coal Mine
The rapid loss of Arctic sea ice is a sentinel. Most of us will never venture into the Arctic, but it can and does provide us with a forewarning of impacts coming to our parts of the Earth – and some of the most significant impacts will directly affect the maritime industry. In earlier times, coal miners were sometimes overcome by the buildup of odorless carbon monoxide gas. Some died as a consequence. Eventually it was realized that canaries were more susceptible to the gas than were humans.
Cyber Attack Hits 17 APM Container Terminals
Seventeen shipping container terminals run by APM Terminals have been hacked, including two in Rotterdam and 15 in other parts of the world, Dutch broadcaster RTV Rijnmond reported on Wednesday. APM Terminals is a subsidiary of shipping giant Maersk , which has confirmed it is suffering from a cyber attack. APM's website was difficult to reach and phones at its headquarters in The Hague and offices in Rotterdam went unanswered.
Global Maritime Appoints Indonesia Country Manager
Global Maritime, a provider of marine warranty, dynamic positioning and engineering services to the offshore sector, has appointed Oliver Stettner as Country Manager for Indonesia. Stettner will be tasked with growing Global Maritime’s Indonesian business as well as spearheading the company’s renewables efforts across the Asia Pacific. Stettner is an engineer who has extensive experience in hydrodynamic and structural analysis and marine warranty surveying…
Earth, Wind & … Fire Protection
Three years ago coatings giant Jotun was buying up real estate for U.S. market access and location savings. The effort to get closer to its shipping and offshore customer base is still underway with research aimed at protecting client assets in frontier areas like the arctic. An R&D expansion at Flixborough in the U.K. and in the Arctic archipelago of Spitsbergen aims to make active the fire response of passive surface treatments.
Coast Guard Recognizes PVA's Flagship Safety Management System
On June 12, 2017, the Coast Guard's national Director of Inspections and Compliance formally recognized PVA's Flagship Safety Management System (SMS) as an acceptable…
Three Dead, Thousands Rescued in Seas Off Libya
Three migrants died in the Mediterranean on Monday night, a German aid group said, during Italian-led rescue operations in which thousands more were pulled to safety from rickety boats.
Norwegian Joy Christened in Shanghai
Norwegian Cruise Line’s first custom-designed ship for the Chinese cruise market, Norwegian Joy, was christened in a ceremony held onboard the vessel in Shanghai that featured a performance by the ship’s Godfather, singer songwriter, music producer, actor and film director, Wang Leehom. At 167,725–gross-tons and accommodating 3,883 guests, Norwegian Joy’s design, finishes and amenities are tailored specifically to the tastes of Chinese guests. The vessel was built by German shipyard Meyer Werft.