Daewoo May Sell Mangalia Shipyard to Damen
Daewoo Shipbuilding & Marine Engineering (DSME) will sell the subsidiary of Mangalia Shipyard Romania to a Dutch builder Damen Shipyard Group, reported local media. Damen already owns in Romania a shipyard in Galati. Korea Economic Daily also said that Damen is in talks to purchase the local shipyard from South Korean group DSME. Quoting unnamed sources, the reports say that on June 20, DSME completed its final talk with the largest shipbuilder of the Netherlands…
Two Vietnamese Sailors Beheaded by Abu Sayyaf
The Abu Sayyaf group beheaded two Vietnamese nationals held hostage for almost eight months, CNN reported quoting the military. Colonel Juvymax Uy, commander of Joint Task Force Basilan, said the bodies of Mr Hoang Trung Thong and Mr Hoang Va Hai were found at 5.40am on Wednesday in Tumahubong village, Sumisip town, in Basilan province. The two were among the six crew members of the MV Royal 16, a Vietnamese cargo vessel, seized by the Abu Sayyaf off Sibago Island in Basilan on Nov 11, 2016.
Diana Shipping to Refinance its Existing Loan
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, has announced that it has agreed to refinance its existing loan facility with Diana Containerships, having an outstanding balance of US$42.6 million, with a loan facility of US$82.6 million, which reflects an additional loan amount to Diana Containerships of US$40.0 million. The loan also has an additional US$5.0 million interest-bearing amount, which is classified as discount premium.
Ecoslops Production Doubled
Ecoslops, an innovative technology company that upgrades ship-generated hydrocarbon residues into valuable new fuels and light bitumen, announced key achievements for the first half of 2017. Ecoslops has confirmed the excellent performance of the first industrial micro-refinery unit (P2R) in the Port of Sines, Portugal and the strong growth dynamics of its production. Production doubled, from 6,050 tonnes to 12,200 during the same period last year and sales in tonnes amounted to 9,700, vs.
US Navy Maritime Drill with Vietnam
The U.S. Navy began the 8th Annual Naval Engagement Activity (NEA) with the Vietnam People's Navy, July 5, with the arrival of USS Coronado (LCS 4) and USNS Salvor (T-ARS-52) at Cam Ranh International Port. This five-day collaboration will focus on events and skills exchanges in diving and salvage and undersea medicine. A brief at-sea phase will allow ships from both navies to practice the Code for Unplanned Encounters at Sea (CUES), ship handling, and medical evacuations.
Seanergy Maritime Reports Q1 Results, Acquires Vessel
For the quarter ended March 31, 2017, Seanergy Maritime Holdings Corp generated net revenues of $13.3 million, a 90% increase versus the same period 2016. As of March 31, 2017, stockholders’ equity was $26.7 million and cash and cash equivalents, including restricted cash was $6.9 million. Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated: “In March 2017, pursuant to our prudent fleet expansion plan, we agreed to acquire another modern Capesize vessel.
Saudi Aramco, Hyundai Heavy Sign MoU
Saudi Aramco, Dussur – the Saudi Arabian Industrial Investments Company, and Hyundai Heavy Industries (HHI) announced a Memorandum of Understanding (MOU) to jointly collaborate on engines and pumps business development in the Kingdom of Saudi Arabia. The MOU lays out an engine and pump business cooperation framework, through the formation of a joint venture (JV) to manufacture two-stroke engines, four-stroke engines and marine pumps; including sales and aftersales services in the MENA region.
Royal Australia Navy Ship Visits India
Royal Australia Navy (RAN) ship, HMAS Newcastle commanded by Commander MD Sirois is visiting Kochi, India from 04 - 07 Jul 17. On 04 Jul 17, the Commanding Officer of the visiting RAN Ship accompanied by Ms. Harinder Sidhu, High Commissioner of Australia and Captain Sheldon Williams, Defence Attache called on Vice Admiral AR Karve AVSM, Flag Officer Commanding- in- Chief Southern Naval Command (SNC) for interactions on issues of common interest to both navies.
Advanced Greases Can Handle Today’s Deck Equipment Challenges
Anchor winches, cranes, level winders and other equipment exposed to the elements on the deck of a vessel ay look good with a thick, consistent layer of grease, but appearances can be deceiving. In fact, several problems may be lurking below the surface of commonly used greases. 1. Premature wear can occur if the grease is not up to the design loads and speed of the equipment. Today’s deck equipment is being pushed much harder over a wider range of operations…
Colombia Moves to Salvage Treasure from Spanish Shipwreck
Colombia is making progress towards salvaging a Spanish galleon carrying jewels and coins that sank more than 300 years ago, President Juan Manuel Santos said on Wednesday after receiving a proposal from an investor to bring it to the surface. The ship named San Jose, thought by historians to be carrying one of the largest unsalvaged maritime treasures, sank in 1708 near the historical Caribbean port of Cartagena, and its wreckage was located in 2015.
CMR Group Awarded R&D Funding
CMR Group said it has won funding support from Innovate UK for a new electrical wiring harness being developed for industrial diesel and gas engines used in harsh environments. The firm, which specializes in marine control instrumentation and electrical engineering, is set to invest the five-figure cash sum in a major research and development program to design and develop a new generation of ‘people-centered’ harnesses.
IMS Announces New Client: Campbell Transportation
U.S. inland vessel management company Inland Marine Service (IMS) said it has taken on Campbell Transportation Company as its latest client. A fully integrated marine services company, Campbell is currently undergoing an acquisition with American Commercial Barge Line. Once completed, Campbell Transportation will own and/or manage more than 1,100 barges and 50 towboats on the inland waterways, along with four shipyard facilities and a marine construction company…
Panama Canal Hearing Addresses Toll Structure Changes
The Panama Canal Authority (ACP) today held a public hearing on its tolls structure modifications proposal. “The modified tolls will safeguard the Canal's competitiveness, charge a fair price for the value of the route and provide a competitive service to the global shipping industry,” said Panama Canal Administrator, Jorge L. Quijano. The hearing follows the conclusion of a 32-day formal consultation period for industry feedback.
HII Wins USS Columbus Submarine Repair Work
Huntington Ingalls Industries (HII) announced that its Newport News Shipbuilding division has been awarded a $219 million modification to a previously awarded contract to execute maintenance and modernization efforts on the submarine USS Columbus (SSN 762). Contract work includes maintenance, repair, alterations, testing and routine work on the ship’s hull structure, tanks, propulsion systems, electric plant, auxiliary systems, armament and furnishings.
Tug Newbuild Alcor Delivered to Navibulgar
On June 2, 2017, MTG-Dolphin Shipyard delivered to Navigation Maritime Bulgare (Navibulgar) JSC the tug Alcor, the first of three vessels in series built to the RAmparts 2700 design by Robert Allan Ltd. The tug adds to the fleet of four tugboats in the Navibulgar fleet and is the first tugboat built by the Bulgarian shipyard MTG Dolphin PLC-Varna for the Bulgarian ship owner, who owns more than 30 bulk carriers.
Ten Smart Ship Applications for an Intelligent Future
Ibna Zaman of Royston highlights the growing operational advantages provided by the effective analysis of intelligent data in the marine sector – if certain challenges can be successfully overcome. With the impending introduction of the EU MRV Regulations forcing shipping operators to think more seriously about monitoring, reporting and verifying fuel and emissions performance, new data driven improvements have the potential to transform the shipping sector.
ABS Completes EU MRV Monitoring Plan Assessment
ABS said it has completed a monitoring plan assessment for the lead vessel in the Prime Tanker Management fleet, as the deadline for marine owners and operators…
Campbell Acquires ACBL Assets
Marine services company Campbell Transportation Company, Inc. (CTC) said it has completed the acquisition of certain affreightment contracts along with 155 barges…
IMT Rolls Out 'Full Ride' Scholarship Program
The Institute of Marine Technology located at Warner University in Lake Wales, Fla. has recently established and is now officially launching a robust “full ride” scholarship program available by application for students participating in its innovative marine technical training program for the upcoming 2017 – 2018 Fall enrollment. Three full scholarships of up to $28,000 each are now available, and cover full tuition costs for a one-year period, excluding housing and food.
Spread of GE Tech Ordered for DSV Newbuild
Shanghai Salvage Bureau’s (SSB) new ship is purpose-designed for a range of roles including deep-water salvage operations, deep-water pipelay and construction as well as a saturation diving capability for up to 24 divers in two bells. Recently, GE’s Marine Solutions has been chosen by SSB, one of the largest rescue and salvage companies in the world, to provide a suite of marine technologies including power and propulsion equipment…