ClassNK CMAXS for Two MOL Ships
ClassNK Consulting Service Co., Ltd. developed next-generation diagnostic monitoring system “ClassNK CMAXS” has been chosen by Mitsui O.S.K. Lines (MOL) for installation…
Odd Lundberg Chooses Rapp Marine Winches
Rapp Marine said it has received a new order from Odd Lundberg As, marking the third generation of owners from the shipping company who have selected its deck machinery. “This is the first time the shipping company has selected a high-tech electrical solution,” confirms Morten Stenkjær, VP Sales at Rapp Marine AS. “The owner’s new pride is a combined ring-net and pelagic trawler and will be equipped with a complete electric deck machinery solution from Rapp Marine.
Race Boat to Attempt US-Cuba Speed Record
An upcoming world speed record attempt by Nigel Hook and the crew of SilverHook will be a two-for-one as they set out to achieve the fastest crossing from the U.S. to Cuba, and then back. Captain Hook has chosen August 17 to try to set two speed records in what is considered the most technically-advanced offshore monohull race boat in the world. The first objective is a one-way speed record from a point just off the Florida Keys to Havana.
Liquid Services Celebrates 25th Anniversary
Regional tankerman service Liquid Services, LLC, is celebrating 25 years of operation on the inland waterways. In what started as a mom and pop shop in Paducah, Ky.…
Inland Waterways Authority of India to Raise USD 103 mln Through Bonds
The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Revalidation of permission to raise Extra Budgetary Resource (EBRs) of INR 660 crore (USD 103 mln) as Government of India Bonds by Inland Waterways Authority of India (IWAI) in 2017-18. The proceeds from the bonds will be utilized by IWAI for development and maintenance of National Waterways (NWs) under National Waterways Act, 2016 (effective from 12.4.2016).
IMO Addressing the Migrant Crisis
The loss of life of migrants at sea is a humanitarian tragedy that needs to be addressed through appropriate and effective action at the United Nations. International Maritime Organization (IMO) recognizes the crucial role played by both Government and non-governmental organizations in search and rescue operations, as well as the part played by merchant ships in coming to the aid of persons in distress at sea.
UK Ship Register Modernization Begins
The UK’s Maritime & Coastguard Agency (MCA) is modernising the way the UK Ship Register operates and a number of new initiatives are in the works that could help the red ensign become more commercial and internationally competitive, says a report from UK Chamber of Shipping. The MCA is considering increasing the fee structure for the UK Ship Register to above 2016 levels, attendees heard at the All-Party Parliamentary Group for Maritime and Ports on Monday.
Antwerp Port Container Freight Up by 2.5%
The port of Antwerp handled 111,385,518 tonnes of freight during the first six months of this year, 2.8% more than in the same period last year. Container freight once more performed well after a number of exceptional years, with an increase of 2.5% in terms of tonnage and 1.9% in TEU. Liquid bulk, a regular climber, finished 1.8% up at the end of June. After the previous record years these figures inspire further confidence.
Paragon Offshore Comes Out of Bankruptcy
Paragon Offshore Group announced that it has emerged from bankruptcy after completing a restructuring that eliminated USD 2.3 billion of debt. The successor company to Paragon Offshore PLC , which filed for bankruptcy in February 2016 with USD 2.96 billion of debt, also named a new board of directors. The search for a new CEO is underway. "The plan of reorganization under chapter 11 of the United States Bankruptcy Code substantially de-levers the company’s ongoing business…
Van Oord Wins Dubai Project
Van Oord has been awarded the contract for Dubai Harbour marine works, a prestigious mega project in Dubai. The project, which Van Oord carries out for Projects Link Contracting Co LLC, is the next step in achieving ‘Dubai Tourism Vision 2020’, Dubai’s strategy to attract 20 million visitors per year by 2020. A strategy to which Van Oord has contributed since 2001 by building amongst others Palm Jumeirah, The World and many other artificial islands.
Keppel Posts Lower Q2 Profit, Warns on Rig Outlook
Q2 profit S$161 million versus S$205 million year ago; O&M division net order book at S$3.4 billion. Singaporean conglomerate Keppel Corp posted a 21 percent drop…
Maersk Beefs Up IT Security After Malware Attack
A.P. Moller-Maersk said on Thursday its anti-virus software was not effective against a new type of malware that hit the Danish shipping giant last month, but said further protective measures have now been put in place. "This virus attack was a previously unseen type of malware, and updates and patches applied to both the (Microsoft) Windows systems and our antivirus (program) were not an effective protection in this particular case," Maersk said in a statement.
PetroChina Unloads First US SPR Cargo
PetroChina is this week unloading the first Chinese purchase of crude oil from U.S. strategic petroleum reserves at a port in eastern China, according to shipping data and two industry sources. The move comes as China, the world's No.2 oil consumer, steps up imports from the Americas to diversify supply sources. PetroChina unit, PetroChina International America Inc, bought the 550,000-barrel cargo of Bryan Mound sour crude in a sale from U.S.
Wartsila Order Intake Beats Forecast as Marine Market Revives
Finnish ship technology and power plant maker Wartsila reported on Thursday a bigger-than-expected rise in quarterly order intake, saying the market demand had improved for its marine solution business. * Bookings of new orders in the second quarter increased 14 percent from a year earlier to 1.36 billion euros ($1.57 billion), beating analysts' average expectation of 1.22 billion in a Reuters poll.
Baltic Index Rises on Stronger Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday supported by robust demand for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, increased 16 points, or 1.69 percent, to 964 points. The capesize index jumped 65 points, or 6.32 percent, to 1,093 points. Average daily earnings for capesizes…
Fincantieri, Mapei Enter R&D Partnership
Shipbuilder Fincantieri said it has partnered with Mapei, a producer of adhesives and chemical products for the construction sector with a business line of shipbuilding industry products…
Shell's Integrated Lubrication Solutions for World's Largest Box Ship
Orient Overseas Container Line (OOCL) has appointed Shell Marine to provide its integrated marine solutions, which include lubricants and services for OOCL Hong Kong. OOCL Hong Kong, currently plying routes between Asia and Europe, is the latest vessel to claim the title of ‘world’s largest containership’, with a capacity of 21,413 twenty-foot equivalent units (TEUs), measuring 400m in length and 59m in width.
Seacroft Hires Pearce as Engineering & DP Manager
Aberdeen-based Seacroft Marine Consultants said it has appointed Richard Pearce as Marine Engineering and Dynamic Positioning (DP) Manager, as the firm looks to develop more specialized offshore marine projects. Pearce brings to the role 16 years’ experience in engineering and technical disciplines of the marine and offshore industry, including spells at some of the sector’s most prominent names. Most…
DNV GL Updates NOx TIER III Compliance Guide
Classification society DNV GL has developed a new brochure to offer a set of best practices for the design of ships subject to NOx Tier III requirements. It also offers guidance on the considerations that should be taken into account at the newbuilding stage. To ensure the success of any newbuilding plan, shipowners should carefully consider the future operation of their vessels in the newbuilding planning stage…
Bourque Joins Sea Machines
Following a recent capital investment and the growing global interest from the marine sector, Sea Machines Robotics said it has been expanding its crew and is poised for further growth, expecting to deliver first generation systems to marine customers this summer. Over the past two months, Sea Machines has added multiple new members to its experienced team of engineers, scientists and mariners. Among the new hires is Phil Bourque, the company’s new director of business development.