Weather Suspends Bosphorus Marine Traffic
Traffic in Turkey's Bosphorus Strait, an important international shipping lane for oil and grain, was suspended on Tuesday due to poor visibility and heavy rain, shipping agent GAC said. It said shipping was suspended at 830 am (0530 GMT). The Bosphorus is one of world's most important choke points for the maritime transit of oil, with over 3 percent of global supply - mainly from Russia and the Caspian Sea - passing through the 17-mile waterway connecting the Black Sea to the Mediterranean.
Baltic Index Advances on Firm Capesize Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday on stronger rates for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 20 points, or 2.19 percent, at 932 points. The capesize index gained 51 points, or 5.47 percent, to 984 points. Average daily earnings for capesizes…
New Passenger Vessel Delivered to Majestic Ferries
Majestic Ferries’ fleet continues to grow with the delivery of Majestic Dream, the first of a new class of Incat Crowther-designed fuel-efficient 39m HSC compliant passenger vessels. Majestic Ferries operates vessels between Singapore and Batam in a competitive marketplace. The operator worked with Incat Crowther to develop a cost-effective vessel that offers comfort, performance and fuel consumption superior to that of the competition.
Nakilat, Höegh LNG Ink MoU on FSRU project
Nakilat signed a Memorandum of Understanding (MoU) with Höegh LNG, exploring collaboration for Floating Storage and Regasification Unit (FSRU) business as part of its diversification strategy for opportunities and solutions to delivering LNG to the global markets, with FSRU being a leading-edge technology for the liquefied natural gas (LNG) market. Essentially a floating LNG import terminal, this technology…
Rolls-Royce Inks Service Deal with Siem Offshore, Subsea 7
Siem Offshore and Subsea 7 have signed a joint three-year service agreement with Rolls-Royce. The agreement covers a total of 74 offshore vessels. This is the first agreement the two Siem owned companies have signed with the same service provider. Under the agreement, Rolls-Royce will maintain and service all of the equipment it has delivered to the two companies’ offshore vessels. At present, aftermarket services account for roughly 40 percent of Rolls-Royce Marine’s revenues.
Bureau Veritas Approves Wison's W-FSRP Concept
Wison Offshore & Marine said its newly-developed floating storage regasification and power generation barge (W-FSRP) has received Approval in Principle from Bureau Veritas. W-FSRP integrates functions of LNG loading and storage facilities, regasification and power generation. Wison and Bureau Veritas have completed the validation for the specified design of 50MW FSRP this time. As the turnkey service provider for the world’s first FLNG and FSRU barge…
Canada Extends St. Lawrence Seaway Agreement
Canadian transport minister Marc Garneau announced a five-year extension to the Government of Canada’s agreement with the St. Lawrence Seaway Management Corporation to manage…
Royal IHC Launches TSHD for Adani
Dutch shipbuilder Royal IHC informs it has launched Adani’s 8,000m3 IHC Beagle trailing suction hopper dredger (TSHD) – Shanti Sagar 18 – at a ceremony on July 7 at the builder’s shipyard in Krimpen aan den IJssel, The Netherlands. Shanti Sagar 18 will be mainly utilized for maintenance dredging. Its launch follows the previous TSHD launched for Adani – Shanti Sagar 17 on March 31 – to be deployed for capital dredging in challenging soils. Therefore, it was equipped with a heavier draghead.
UK Partners to Launch Autonomous Vessels Testing Service
The U.K.'s first maritime autonomous systems testing service is set to launch later this year. BAE Systems said it has been awarded £457,000 (approximately $594,700) in grant funding from the Solent Local Enterprise Partnership (LEP) to design and deliver the U.K.’s first dedicated autonomous systems testing service. Based around Portsmouth, Southampton and the South East of the Isle of Wight, BAE Systems will work with ASV Global (ASV)…
Z-Drive Collaboration on the Inland Waterways Expands
American Commercial Barge Line’s leadership and early adoption of ZF Marine’s z-drive propulsion technology underscores a growing trend on the inland waterways. American Commercial Barge Line (ACBL) has been around a long time – since 1915, to be exact – and along the way has developed into one of the dominant players in the inland marine transportation industry. With a passion for safety and a green footprint, ACBL has always embraced technology and innovation.
SS United States Thrown a Lifeline
Just days away from a verdict on its ultimate fate, the historic cruise liner SS United States has received a lifeline in the form of a $150,000 donation to a fundraising effort which aims to save “America’s flagship” and restore the storied vessel to its former glory. The $150,000 contribution from cruise industry executive Jim Pollin to the SS United States Conservancy's "We are the United States"…
Crew Transfer Vessel Delivered to Targe Towing
Welsh workboat builder Mainstay Marine said it has delivered a newly built 15-meter crew transfer vessel to Scottish tug operator and owner Targe Towing. The Camarc designed vessel is constructed with a steel hull and aluminum superstructure. It sails at speeds in excess of 15 knots and has a bollard pull of 6 metric tons. Compliment is for two crew and 12 passengers. Targe Towing provides dedicated…
India Approves Major Port Authorities Bill
The government of India has approved a draft bill to empower 12 major ports in India by providing them full autonomy in decision-making for greater efficiency. According to Union Minister of State for Shipping Mansukh Lal Mandaviya, the Major Port Authorities Bill, 2016 once enacted, would replace the Major Port Trusts Act, 1963. "With the growth and development of private ports, the major ports are…
IMO for Implementing the Sustainable Development Goals
International Maritime Organization (IMO) has a key role in implementing a number of UN Sustainable Development Goals (SDGs) which relate directly or indirectly to the oceans, protection of the environment and the maritime industry. How to support the 2030 Agenda for Sustainable Development and implement the UN SDGS is therefore a key theme which underpins the work of IMO's Technical Co-operation Committee, which oversees IMO's integrated technical co-operation programme (ITCP).
UNITAS 2017 Naval Exercise Begins In Peru
Naval maritime forces from 19 countries are gathering in Lima, Peru, to kick off the 58th iteration of the annual multilateral exercise UNITAS. The meeting will conclude on July 26. This year's exercise will be hosted by Peru and commanded by Peruvian navy Rear Adm. Alberto Alcala. Participating countries include the United States, Peru, Brazil, Paraguay, Argentina, Australia, Chile, Colombia, Dominican Republic…
Piracy Down by 22% in H1, Says ReCAAP
A total of 36 incidents of piracy and armed robbery against ships (comprising 30 actual incidents and six attempted incidents) were reported during January-June 2017 in Asia, said a report by Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia Information Sharing Centre (ReCAAP ISC). The total number of incidents reported during January-June 2017 has decreased by 22% compared to the same period in 2016.
Samsung Heavy to Cut Its Workforce
South Korea’s shipbuilder Samsung Heavy Industries (SHI) is looking to further cut its workforce, and have employees return part of their salaries in order to cut costs, according to Yonhap News Agency. SHI unveiled a self-restructuring program that centers on cutting the workforce and having executives return part of their salaries last year, in order to tide over a protracted slump in the shipbuilding sector.
DMCA Shares Maritime Experience with Abu Dhabi
The Dubai Maritime City Authority (DMCA) shared its renowned experience in implementing world-class maritime registration and licensing services with the Department of Municipal Affairs and Transport in Abu Dhabi (DMAT) during their recently held meeting. Both parties also exchanged expertise to achieve their common goals of further improving the marine licensing system according to the highest international…
GC Rieber Gets Extension for 'Polar Onyx'
Norwegian offshore shipowner GC Rieber Shipping has entered into an agreement to extend the fixed contract period for "Polar Onyx," according to a press release. The agreement secures the ship until the end of August 2017. It had won the initial contract for the vessel in early March. At the time, the company said that the charter would see the vessel continue operating in West Africa. Polar Onyx is…
SolstadFarstad Wins Australian Contract
Norway’s offshore vessel provider SolstadFarstad has secured a contract with Australian energy company Cooper Energy to support drilling operations within the Bass Strait region of Australia. The contract consists of the two anchor handling tug and supply vessels - Far Statesman and Far Senator - towing the Ocean Monarch from the North West Shelf of Australia to the Bass Strait, and then continuing with rig support duties for a firm period of 120 days, and two lots of 60-day optional periods.