Korea Returns to First Place in Shipbuilding
South Korean shipbuilding industry has surpassed China in three months and reached the top of global monthly shipbuilding orders. A report in Yonhap said that South Korean shipyards recaptured the No. 1 position in new orders worldwide in August amid a plunge in overall numbers. The local shipbuilders clinched new orders worth a combined 130,000 compensated gross tons (CGTs) last month to build nine vessels…
HMM Confirms Contract With DSME For Five VLCCs
Hyundai Merchant Marine (HMM) announced that it has signed a formal contract with Daewoo Shipbuilding & Marine Engineering (DSME) for construction of five 300,000 dwt Very Large Crude Carriers (VLCC) with an option of five more vessels. HMM’s letter of intent with DSME for five VLCCs (+5 option) was singed back in April 2017. Under the agreement, DSME will build five VLCCs for HMM worth approx. KRW 470 billion (USD 420 million) that will be financed by the New Shipbuilding Program.
DMA Approves Tests Providers for Yachtsmen
Currently, the Danish Maritime Authority is in the process of approving test providers and issuers of certificates for yachtsmen. The approval is made in accordance with new regulations that entered into force earlier this year. These provisions make it possible for organisations within the yachting area to offer tests for yachtsmen. In 2017, this is of relevance only within the field of powerboat licenses and certificates of proficiency. The first approved providers, i.e.
NAT Wins TC Contract with BP
Nordic American Tankers Limited (NAT) has entered into a 2 year time charter (TC) with British Petroleum (BP). This follow's NAT's TC arrangements with Shell, ExxonMobil and other major oil companies both in the West and in the East. "The minimum rate is well above our cash break-even level with an index linked formula providing for upside potential to NAT. Commencement is mid September; i.e. in about 10 days," said a statement from the company.
Dynagas LNG Posts Q2 Loss
Greece-based Dynagas LNG Partners has reported a second-quarter loss of USD 5.2 million, after reporting a profit in the same quarter a year before. "We are satisfied that the class surveys, including dry dockings, were completed in a quick and efficient manner with an average of approximately 15 days per vessel from arrival to departure at the shipyard. The vessels are on a 5-year special survey cycle…
Eagle Bulk Completes Greenship Bulk Fleet Acquisition
Eagle Bulk Shipping, one of the world’s largest owner-operators in the Supramax/Ultramax segment, announced that it has taken delivery of the M/V Westport Eagle, the ninth and final Crown-63 Ultramax dry bulk vessel acquired from Greenship Bulk Trust. Gary Vogel, Eagle Bulk's CEO, commented, "The successful conclusion of the nine-vessel fleet acquisition from Greenship Bulk provides clear and unambiguous benefits for Eagle…
Gas to Become World's Primary Energy Source by 2035: DNV GL
Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition. While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today. Gas will become the largest single source of energy from 2034. DNV GL’s Energy Transition Outlook (ETO), a forecast that spans the global energy mix to 2050…
Drewry Warns BCOs to Adapt Their Contract Strategy
International transport and logistics executives using container shipping are facing the biggest shift in their ocean provider base for 20 years and must adapt their procurement and contract strategy, according to ocean freight procurement consultancy Drewry Supply Chain Advisors. In the last five years, beneficial cargo owners have been able to secure large reductions in freight costs by running traditional competitive bids with numerous providers in an over-supplied, fragmented market.
Danish Shipping's New Guide to BWM
Danish Shipping launches a new guide regarding the implementation of the Ballast Water Management Convention, which will enter into force on 8 September 2017. In a few days, the Ballast Water Management Convention will enter into force. In future all new built ships must be equipped with a ballast water treatment system. For existing ships, systems must be installed as from 8 September 2019 to 8 September 2024.
Future USS Little Rock Completes Acceptance Trials
The future USS Little Rock (LCS 9) concluded its acceptance trial August 25 after completing a series of graded in-port and underway demonstrations on the Great…
Novacavi Cables for Seascape
Italy-based cable manufacturer Novacavi reports an additional supply of special fishing tow cables for long-term customer Seascape BV. Already tested with full satisfaction, these fit for purpose cables are used onboard special equipped Dutch vessels for flat fish fishing with electric pulse system in North Sea. Cables have to be continuously pulled backward and forward over a pulley connecting winch, gear and nets on the same place for a 24 hours service six days per week.
Sulzer Acquires License for Total’s Wash Tank Technology
Sulzer’s Chemtech division has been granted a license covering the Total-patented Wash Tank Technology for Oil Processing. The main purpose of this technology is to enhance the removal of water, salt and contaminants from oil and emulsions, by a controlled distribution of the feed into the bottom of a hull tank of an FPSO/FSO/FPU which transforms the water-in-oil dispersion into an oil-in-water one where high efficiency phase separation takes place more easily.
BMT Debuts VENARI-85 MCM Concept Design
BMT has launched VENARI-85, a new mine countermeasure (MCM) concept design said it be capable of clearing mines faster over a greater area and with less risk to the crew, while simultaneously providing broader utility to navies around the world. According to BMT, VENARI-85 offers a flexible platform that is capable of a spectrum of roles which is future-proofed and able to evolve as technology advances in the unmanned and offboard systems markets take shape.
Bibby Offshore Wraps up North Sea Work
Perenco appointed Bibby Offshore to perform subsea integrity inspections and maintenance works on the Inde Joint pipeline, which runs to the Bacton Gas Terminal in the Southern North Sea. Completed in early July, the 15-day workscope saw Bibby Offshore install a total of 94 concrete mattresses over the pipeline to assist in preserving the remaining rock dump mounds. The second workscope, completed in late July…
New Dredgers Delivered in Bangladesh
Following various dredgers recently delivered in Bangladesh, and the Damen Dredging Seminar held last month in Dhaka where her Excellency Leoni Cuelenaere, the Dutch Ambassador to Bangladesh was the honorable Chief guest, Damen said it has again delivered multiple dredgers from available stock. Regional Sales Director Rabien Bahadoer said, “Damen has again confirmed its long-term commitment to Bangladesh by delivering quality dredgers with a proven design from ready stock.
Thun Tankers Orders another Newbuild
Thun Tankers said it has declared an option for a fifth tanker to be added to the previously contracted four 17,500 dwt IMO II product/chemical tankers on order at Avic Dingheng Shipbuilding Ltd in China. The sister ships are due for delivery between April 2019 and January 2020 and will be commercially managed by Furetank, responsible for the intermediate segment within the Gothia Tanker Alliance.
Vietnam Protests Chinese Live-firing in South China Sea
Vietnam on Tuesday issued a strong condemnation of Chinese military live-fire exercises in the disputed South China Sea, amid rising tension between the two countries.
Oldendorff Revives Newbuild Contracts at Samjin
Last month saw the resurrection of two newbuilding contracts, which Oldendorff had concluded originally in June 2012 with Weihai-based Samjin Shipbuilding Ind. Co Ltd (SSI), at the time controlled by Korean shareholders. The initial order was for four 36,000 dwt Handysize newbuildings of the Korean designed FESDEC-36k eco type. The yard went through financial restructuring due to the problems of its Korean parent…
Pemex: Harvey Caused Crude Oil Shipment Delays
Mexican national oil company Pemex said on Tuesday that Hurricane Harvey forced the cancellation of several crude oil export shipments. Due to the damage inflicted by Harvey on the U.S.
Arctech Helsinki Shipyard Awards Contract to MELCAL
MELCAL said it has received a new contract from Arctech Helsinki Shipyard for the design and production of two ATEX Zone 1, IIB T3 cranes to be installed onboard an icebreaking arctic tanker. The hose handling cranes will feature heated cabins and are designed to handle both cargo hoses and bunker fuel hoses, as well as provisions and engine spares. In man-riding mode, the cranes are also suitable for safe lifting of personnel.