Shell Strengthens LNG Bunkering Business
The Hague-based LNG giant Shell has announced two significant milestones for its liquefied natural gas (LNG) marine fuels business in northwest Europe. Shell's ultra modern bunkership Cardissa Western LNG BV Trading Rotterdam BV (Shell) has arrived in Rotterdam. This seaworthy ship enables Shell to supply customers across Europe with liquefied natural gas (LNG) from the Gas Access to Europe (Gate) terminal in Rotterdam. The Cardissa can transport 6,500 m3 of LNG.
Hyundai Merchant in the Red in Q2
South Korea's Hyundai Merchant Marine (HMM) suffered an operating deficit of USD 112 million in the second quarter, the company said in a regulatory filing. The third quarter will bring much better results, says the carrier. Yonhap News Agency said that the company attributed operating loss in the second quarter due to the low season weakening container freight rates. Sales, however, jumped 22.1 percent on-year to 1.24 trillion won over the cited period when compared to a revenue of KRW 1…
EC Financial Instrument to Facilitate Ship Recycling
The European Commission released its report on the viability of a financial incentive for sustainable ship recycling under the EU Ship Recycling Regulation this week. Whilst it acknowledges the benefits for clean and safe ship recycling such an incentive would bring, the European Commission has decided to wait with its introduction. NGOs urge the EU to take action now as it is well documented that…
Getting to Grips with Ship Security
On-board practice in assessing maritime security measures on a ship was a key feature of a recent workshop which took place in Montevideo, Uruguay (8-11 August). Some 45 participants, representing the national Administration and designated authority for maritime security, ship companies, recognized security organizations and ship security officers. The workshop was designed to equip participants with…
First Lady of the Fleet Celebrates
As the activities of Exercise TALISMAN SABRE 17 started to draw to a conclusion in July, the crew of HMAS Darwin, took the chance of a brief time out to celebrate the final seagoing birthday of the Fleet veteran. Darwin’s cooks pooled their talents together to create a cake in the shape of ‘33’, with enough to go around to her crew of approximately 190. With most of the crew gathered in the Junior Sailors’ Café…
Tanker Shipping Rates to Remain Weak: Drewry
Rising long haul exports of crude oil from the US and Nigeria will not be sufficient to push tanker shipping freight rates higher given lower anticipated Middle East output and surging tonnage supply, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry. Although a slight slowdown in global oil demand growth and inventory drawdown because of the ongoing production cut by OPEC is capping global the oil trade…
Port Security Training for Mauritanian Officials
Officials responsible for port security in Mauritania are undergoing a week-long International Maritime Organization (IMO) training course in the country’s capital of Nouakchott (7-11 August). The course will equip designated authority officials, port security officials and managers with the skills to carry out effective self-assessments and audits of port facilities, in line with IMO’s International Ship and Port Facility Security (ISPS) Code and guidance on voluntary self-assessment.
John C. Stennis Underway for Sea Trials Ahead of Schedule
Sailors aboard USS John C. Stennis (CVN 74) got underway for Sea Trials as the ship's planned incremental availability (PIA) nears its end, August 11. John C. Stennis entered PIA in February with the largest work package ever planned for a six-month availability for a Nimitz-class carrier, requiring more than 2,800,000 man-hours of work between ship's Sailors, Puget Sound Naval Shipyard and Intermediate Maintenance Facility, and contractors.
Investors Enthusiasm in Cochin Shipyard
Indian government is committed for infrastructure development and the track record of last three years has increased the faith of the investors which has resulted in 76 times oversubscription of IPO of Cochin Shipyard (CSL), a government flagship company, said Union Minister of Shipping, Nitin Gadkari. He was the Chief Guest at the inauguration of the renovated BSE international convention Hall and Listing of equity shares of Cochin Shipyard in Mumbai.
Canada Orders Ships to Reduce Speed to Prevent Whale Deaths
Certain ships are being ordered to reduce speed because of the deaths of at least 10 North Atlantic right whales in Canada's Gulf of St Lawrence during the past two months, the government said on Friday. The deaths have made 2017 the deadliest year for the endangered marine mammal since scientists began tracking their numbers in the 1980s, researchers said. The ministries of transport and fisheries…
V.Group Acquires Graig Ship Management
Marine and offshore vessel management and support services provider V.Group said it has acquired Graig Ship Management Ltd, part of Graig Shipping PLC, which has developed a reputation for new build supervision and ship management of dry bulk vessels. This reputation, which has its roots as part of Graig Shipping PLC’s 100 year history and is supported by a global maritime workforce, has grown steadily over the past 25 years.
Sailing, Sailing, over the Grassy Waves
It is a tram or a train? Neither, it's a boat. Pleasure craft using Poland's Elblag Canal can appear to be seen as sailing through grassy plains as they follow tracks on land in an unusual solution for dealing with elevation on the waterway. The canal, approximately 240km (150 miles) north of Warsaw, uses a system of five inclined planes between its lakes, which are too steep to be navigated using locks. Rail tracks run carriages to transport the boats.
Conrad Reports 2Q Profit of $1.4 Mln
For the quarter ended June 30, 2017, U.S. shipbuilder Conrad Industries, Inc. reported a net income of $1.4 million and earnings per diluted share of $0.27, up from…
Damen Stock Tugs Shipped to Rotterdam
Shipbuilder Damen said its latest transport of newbuild vessels has arrived in the Port of Rotterdam in the Netherlands. The multiple vessel shipment carried on board the SAL Heavy Lift vessel MV Lone comprises various Damen Tugs and one Multi Cat that have been constructed at Damen’s yards in Vietnam. Consisting of two Stan Tugs 2608, three ASD Tugs 2411, four ASD Tugs 2810, two ASD Tugs 3212 and a Multi Cat 1908…
Sakhalin II LNG Export Plant Awards 3-cargo Tender
Russia's Sakhalin II liquefied natural gas (LNG) export facility has awarded its three-cargo tender to Royal Dutch Shell, Gazprom and Mitsui, trade sources said.
Baltic Index Rallies as Larger Vessel Rates Surge
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, jumped more than 4 percent on Friday as demand for capesize and panamax vessels remained strong. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 46 points at 1,138 points, its biggest one-day percentage gain in more than five months.
Migrant Rescue Boat Goes to Aid of Anti-migrant Vessel in Mediterranean
A German humanitarian rescue ship said it was heading on Friday to the aid of a vessel run by a group of far-right activists who are at sea to disrupt the work of…
Two AIDA Ships to Participate in German Maritime Festival
For the fourth time in a row, AIDA Cruises has agreed to sponsor a ship for one of these major public attractions of one of Germany’s biggest maritime festivals. Thanks to the support of the cruise company based in Rostock, the venerable Russian vessel “Kruzenshtern” will be a guest at the 27th Hanse Sail from August 10–13, 2017. The “Kruzenshtern,” a four-masted barque, which sails under a Russian flag…
Cochin Shipyard Shares Jump After $225 mln IPO
Shares in India's Cochin Shipyard Ltd rose more than 20 percent on their trading debut on Friday after the state-run company's 14.42 billion rupees ($224.7 million) initial public offering.
Cargo Ship Runs Aground in Saint Marys River
The St. Marys River is closed to commercial vessels from the Soo Locks to 6 Mile Point, after a 629-foot U.S. cargo ship ran aground on the north side of Sugar Island, Wednesday, at about 11:40 p.m. The merchant vessel, Calumet, departed Essar Steel in Sault Ste. Marie, Ont. and was transiting downbound on the St. Marys River to its next port of call in Brevort, Mich., when it ran aground. The vessel was not carrying any cargo. There was no pollution, and no injuries have been reported. The U.S.