Bahri to Build 4 Bulk Carriers for USD 120mln at Hyundai Heavy
The National Shipping Company of Saudi Arabia (Bahri) announces that its subsidiary Bahri Dry Bulk Company (owned 60% by Bahri) (BDB) has signed contracts with Hyundai Heavy Industries (HHI) to build 4 bulk carriers. These carriers will be delivered during the first half of 2020. The financial impact of these contracts will appear after the delivery of the vessels. These vessels are designed to the…
Korean Shipyards Still in Rough Sea
South Korean shipyards are still struggling to cut costs through unpaid leave for their workers and shutting down dry docks idled amid a lack of orders, Yonhap reported quoting industry sources. The report said that for decades, the shipbuilding sector has been one of the key growth drivers for Asia's fourth-largest economy. The top three shipyards in the country - Hyundai Heavy Industries Co (HHI), Samsung Heavy Industries Co. (SHI) and Daewoo Shipbuilding & Marine Engineering Co.
Emac Initiates Maritime Sector Discussions
The Emirates Maritime Arbitration Centre, Emac, last week met with senior executives in two key meetings in Fujairah, as part of its commitment to work with key industry bodies in the region’s maritime sector, Emirates News Agency WAM has reported. In the first meeting, the EMAC delegation discussed boosting cooperation with Port of Fujairah General Manager, Captain Mousa Murad, and Harbour Master, Captain Tamer Masoud, to support further growth of the maritime sector in the emirate.
Tanker Goes Aground Off Brooklyn
Oil tanker Kamome Victoria that ran aground in a shipping channel between New York and New Jersey has been cleared to depart after it passed inspections, the U.S. Coast Guard said.
Ferbec Officially Joins Canada Steamship Fleet
Canada Steamship Lines welcomed M.V. Ferbec, a 49,502 DWT conventional geared bulk carrier equipped with four cranes and grabs, which is now fully operational in the Gulf of Saint Lawrence. The vessel, which previously operated in CSL’s Australian fleet as CSL Melbourne, is the largest vessel of its type in the Canadian domestic shipping market. Upon arrival in Québec City on May 13, 2017, the vessel underwent modifications to adapt to its new operating environment.
BW Catcher Sails to North Sea
BW Offshore, a leading global provider of floating production services to the oil and gas industry, announced the sail away of the FPSO BW Catcher. The vessel has left Keppel Shipyard in Singapore and is currently in transit to the Catcher field in the central North Sea. BW Catcher is expected to reach UK waters early in the fourth quarter, depending on prevailing weather conditions. Upon its arrival…
Petroleum Geo-Services Appoints Rune Olav Pedersen as President & CEO
The Board of Directors of Petroleum Geo-Services ASA (PGS) has appointed Rune Olav Pedersen (47) as the new President & CEO of the Company. He will succeed Jon Erik Reinhardsen on 1 September 2017. "The Board has run a thorough succession process since early spring, and assessed a number of very qualified Norwegian and international candidates. With the appointment of Mr. Pedersen, PGS will get a CEO with deep knowledge of the Company and industry and with strong execution capabilities.
USS America Concludes Support to USS John S. McCain
The amphibious assault ship USS America (LHA 6) and 15th Marine Expeditionary Unit departed Singapore after supporting the guided-missile destroyer USS John S. McCain (DDG 56) Aug. 27. America will continue on its maiden deployment. While in Singapore, Sailors and Marines aboard America provided initial support for the McCain crew to include berthing for 155 Sailors, daily supplies, counseling, medical/dental services and communications network support.