Toyota Backs Japanese $1.8 Bln LNG Vessel Order
Japanese car manufacturer Toyota Motor Corporation is turning to LNG-powered ships to transport its cars across the globe, according to a report from Japanese daily Nikkei. The company has backed an investment in up to 20 LNG-powered car carriers with the capacity to carry 7,000 vehicles each, as it is preparing for the environmental regulations that will go into force in 2020. Nippon Yusen Kaisha (NYK)…
WFW Advises Berenberg on Shipping Loan
International law firm Watson Farley & Williams (WFW) has advised private bank Berenberg on its acquisition, jointly with a Japanese financial institution, of a circa US$460m performing shipping loan portfolio from the Royal Bank of Scotland (RBS). WFW previously advised Berenberg on the acquisition of a similar US$300m portfolio from RBS in February 2017. Hamburg-based international investment and…
Wood Group Wins Subsea Contract Supporting CNOOC
UK-based energy services company Wood Group has been awarded a new contract by the China National Offshore Oil Corporation (CNOOC) to support the Lingshui 17-2 gas development in the Qiongdongnan basin of the South China Sea. Subsea and flow assurance services will be provided under the contract, which is effective immediately and will be supported by Wood Group’s offices in Perth, Australia and London.
PD Ports Warns UK Against 'Brexit Blinkers'
In the week that global maritime leaders gave the UK a vote of confidence, naming it one of the world’s leading maritime centres, PD Ports is urging UK businesses not to develop ‘Brexit blinkers’ but instead to explore significant new global opportunities as the UK negotiates its exit from the EU. Industry data shows UK export performance as a whole has been stronger outside the Single Market than within the EU over the last decade according to PwC’s UK Economic Outlook report.
Seanergy Maritime Updates on Fleet
Seanergy Maritime Holdings said that it took delivery of the 2012 Korean built Capesize M/V Partnership, which commenced its 12-18 months' time charter with a major European utilities company in June at a gross rate of $16,200 per day. "Our modern fleet now consists of nine Capesize vessels and two Supramax vessels with a combined cargo carrying capacity of 1.7 million dwt," said the company. Stamatis Tsantanis…
Amsterdam Port Partners with HISWA Holland Yachting Group
Port of Amsterdam officially joined the HISWA Holland Yachting Group as a partner on, presenting itself as a new partner to the members during the annual HISWA summer event. The event was held on the wharf of yacht manufacturer Royal van Lent (Feadship) on the Kaag waterway. Port of Amsterdam and the yacht manufacturer had crossed paths before, as Royal van Lent recently expanded its operations by building a brand-new wharf in the port area.
Blue Denmark Maintains Strong Position
Accounting for almost one-fourth of total Danish exports, Blue Denmark is Denmark's most important export sector. A total of almost 100,000 persons are employed in Blue Denmark. A new report drawn up by the Economic Council of the Labour Movement for the Danish Maritime Authority shows that Blue Denmark still holds a strong position. According to the report, Blue Denmark exports worth DKK 250 billion a year, corresponding to 22.4 per cent of total exports.
ICS Launches New Brand
The International Chamber of Shipping (ICS) has used London International Shipping Week to launch a new brand identity, aiming to better serve its role as the global trade association for shipowners, representing national shipowners’ associations from 37 countries and over 80 percent of the world merchant fleet. Speaking from the British Library in London at the brand launch, ICS Chairman, Esben Poulsson explained…
Dryad Maritime Urges for Overhaul of Maritime Intelligence Industry
Dryad Maritime is calling on the maritime industry to develop a Standardisation Agreement (STANAG) setting minimum standards for the production of intelligence. "The threat is changing. Ship owners and operators no longer simply face a sporadic pirate threat in the Indian Ocean but are routinely deploying armed security teams to counter the threat of Water Bourne IED in the Bab-el-Mandeb Strait located between Yemen on the Arabian Peninsula…
Six Companies Buy Oil from US Emergency Crude Reserve
Six companies bought 14 million barrels of oil from the U.S. Strategic Petroleum Reserve in a sale required by law to help fund medical research and the federal government…
EPA Tier 4 Propulsion for New San Francisco Ferries
Rolls-Royce said it has won an order to deliver its first EPA Tier 4-compliant propulsion systems from MTU to WETA (Water Emergency Transportation Authority) for installation in three brand-new catamaran ferries. The first of the three high-speed ferries is expected to enter service on the San Francisco Bay in late 2018. The San Francisco Bay is subject to special environmental protection. “Our goal is to operate a ferry service that is sustainable…
Crowley Shipping Fuel to Hurricane Stricken Locales
Eighteen Jones Act petroleum vessels owned and/or operated by Crowley Maritime Corp. have been loaded to discharge gasoline and diesel into Florida ports in the coming few days. The mobilization responds to fuel shortages caused by the unprecedented evacuation of millions of Floridians ahead of Hurricane Irma. The vessels include Crowley’s MT Ohio and Florida, which were among the first tankers to bring fuel into the Port of Tampa on Tuesday along with MT West Virginia in Port Everglades.
New Ship Repair Facility in Portsmouth
Britain’s largest independent ship repairer and marine engineering services provider Burgess Marine announced that in partnership with Portsmouth City Council it has opened a new ship repair facility within Portsmouth Commercial Port, U.K. Burgess Marine Ltd. and MMD Shipping Services Ltd, part of Portsmouth City Council, launched this new strategic partnership in style with an emergency three-day alongside docking for Wightlink Ferries.
Houthi Leader Says Could Target Saudi Oil Tankers
Yemen's Houthi leader Abdel-Malek al-Houthi said on Thursday his group could target Saudi oil tankers should Saudi Arabia attack Yemen's main port at Hodeida. "We…
Baltic Index Near Fresh 3-year High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, touched a fresh near three-year high on Thursday, supported by firmer rates across vessel segments. The overall index — which factors in rates for capesize, panamax, supramax and handysize shipping vessels — rose 24 points, or 1.8 percent, to 1,361 points, a peak since November 2014. The capesize index gained 14 points, or 0.53 percent, to 2,642 points.
Vulkan Italia, SB Broneske Start New Cooperation
Vulkan Italia has signed a cooperation with the German company SB Broneske. Vulkan Italia is going to work as a representative for SB Broneske in the Italian market…
BWTS Manufacturer OceanSaver Bankrupt
Insufficient liquidity has led Norwegian ballast water treatment system manufacturer OceanSaver to file for bankruptcy. The company’s board of directors filed a…
Artists Pay Tribute to Historic Russian Icebreaker
In 1977 Russian nuclear icebreaker Arktika became the world's first surface ship to reach the North Pole. Now 40 years later, a depiction of the historic vessel is a main component of a graffiti style art installation in Murmansk, Russia. Arktika was in service from 1975 to 2008 under the operation of Atomflot, who said six artists, four designers and one operator contributed to the creation of the 600 square meter art piece.
Floating Offshore Wind Turbine Design Passes ABS Review
The American Bureau of Shipping (ABS) has completed the design review of the Front End Engineering and Design (FEED) documentation for the VolturnUS, a floating offshore wind turbine (FOWT), developed by the University of Maine Advanced Structures and Composites Center. “UMaine is pleased that its innovative design became the first floating wind turbine concrete semisubmersible hull to be reviewed by ABS, and found to meet the ABS requirements,” said Dr. Habib J.
Transas Survival Craft Simulator Eliminates Drill Risks
Transas has introduced a new Survival Craft Simulator (SCS) to prepare crew for the multitude of possible scenarios that can occur during lifeboat drills, aiming to address one of the most notorious sources of accidents in shipping without exposing personnel to physical danger. Effective survival craft training is essential to prepare crew for a disaster at sea but practical lifeboat drills have a troubling track record for causing fatalities.