Panama Canal Aims to Spur Emissions Reductions
A new Emissions Calculator tool will offer shippers assessments of their carbon emissions, rank those who have reduced the most emissions by transiting the Panama Canal versus alternate routes and encourage action to reduce carbon footprints. “The Panama Canal has always been committed to reducing its carbon footprint and impact on the environment,” said Panama Canal Administrator Jorge L. Quijano.
MAN Introduces the 'Game Changer'
What would Rudolf Diesel say if he could see and compare his engine versus todays’ newest diesel engine development from MAN Diesel & Turbo? As the Augsburg based engine maker claims, “A cylinder output of 1,300 kW this engine puts us to the top.” The largest version of the new engines is a 20-cylinder unit (20V45/60) comes with a limit-pushing power output of 26 MW. The new MAN 45/60CR range is a striking combination of top performance, operational flexibility and reliability.
Great Workboats of 2017: Apply Now
Will your vessel be honored as a “Great Workboat of 2017” in the December 2017 edition of Marine News? Every year, Marine News profiles the most outstanding vessels built in shipyards in North America, recognizing builders, owners and designers as leaders in their field. This edition — the much anticipated end-of-the-year edition — generates much excitement, as your work is profiled and delivered to the largest audited b2b maritime industry audience in this genre.
Ferus Smit Launches Bulk Carrier for Erik Thun
Shipbuilder Ferus Smit said it has launched newbuild bulk carrier Snow Crystal on October 21 at its shipyard in Westerbroek, Netherlands. Snow Crystal (Ferus Smit newbuild 445) is the first ship in a series of two for Swedish ship owner Erik Thun AB. Designed for specific trades in the Baltic region, the vessels are “mini bulkers” with two cargo holds and ice class 1A, the builder said. The breadth of the ships is limited to 13.35 meters…
Vessel Operating Costs on the Rise -Moore Stephens
Vessel operating costs are expected to rise in both 2017 and 2018, according to the latest survey by international account and shipping consultant Moore Stephens. Repairs and maintenance and spares are the cost categories which are likely to increase most significantly in each of the two years. The survey is based on responses from key players in the international shipping industry, predominantly shipowners and managers in Europe and Asia.
Exmar in Talks to Supply FLNG Vessel for Iran Project
Belgium's Exmar is in negotiations for the use of its floating liquefied natural gas vessel Caribbean FLNG (CFLNG) for an Iranian export project, the company told Reuters on Thursday. The barge-based liquefaction facility, delivered to Exmar earlier this year, was initially destined to go to Colombia, but remains unemployed after its contract was terminated. The National Iranian Oil Company (NIOC) said in a statement on its website it would supply natural gas for the project…
Shipping Companies May Adopt LNG Faster Than Expected
Infrastructure among top hurdles for LNG marine fuel adoption. The shipping industry may adopt liquefied natural gas (LNG) as a fuel faster than expected because of stricter environmental regulations that target carbon dioxide emission, according to an executive at maritime agency Bernhard Schulte Shipmanagement (BSM). The Energy Efficiency Design Index (EEDI) regulation enacted by the International…
Overcapacity Still Weighs on Shipping Industry -Report
Global demand for maritime shipping picked up last year, but the pace was still below the historical 3 percent average and continued to lag behind supply, keeping freight rates and earnings low in most segments, a new UNCTAD report says. The Review of Maritime Transport 2017 says that seaborne trade grew by 2.6 percent in 2016, reaching 10.3 billion tons. Although this was a welcome improvement to the 1.8 percent growth recorded in 2015…
NAT Closes Newbuilding Loan
Nordic American Tankers Limited (NAT) has announce that it has signed the main terms with a major international financial institution for the financing of the outstanding commitments, due on delivery, for the three Suezmax newbuildings to be delivered during the latter part of 2018. "We expect the agreement to be fully executed about mid-November 2017 at which time the full financing of the newbuildings will be completed," said a company statement.
Akastor, Mitsui Seek To Expand Partnership
Akastor ASA (AKA), an oil service investment company, announced that it is in advanced discussions with Japan-based Mitsui & Co to further expand their current partnership to include AKOFS Offshore (AKOFS). The parties have entered into a Memorandum of Understanding (MoU). As per the MoU, Mitsui, together with potential partners, will invest in AKOFS by purchasing 50% of the shares in the company to form a new 50-50 joint venture.
Biggest LNG Vessel Sails to Turkey
The world’s biggest specialized vessel to import liquefied natural gas (LNG) is scheduled to be operational in November to contribute to Turkey's energy supply security, Bloomberg reported. The MOL FSRU Challenger, as long as the Eiffel Tower, is expected to arrive from South Korea this month and start by year-end. Last winter, a cold snap gripped the whole region, including Iran, where Turkey gets some of its gas from.
Go Marine Files for Administration
Australian offshore support vessel owner-operator Go Marine Group Pty Ltd has filed for administration after suffering a $50 million financial collapse, The West Australian reported. A notice filed with the Australian Securities and Investment Commission showed that Go Marine and its subsidiary Go Offshore Pty Ltd filed for administration on October 20. The board of Australia's only integrated marine…
Coalition Forces Render Aid to an Iranian Fishing Vessel
In coordination with the European Union Naval Force and the Turkish-led Combined Task Force (CTF) 151, which is a part of the Combined Maritime Forces, the U.S. Navy provided assistance to an Iranian fishing vessel after a reported piracy attack Oct. 24, south of Socotra, Yemen. The Iranian coast guard called U.S. Naval Forces Central Command (NAVCENT) to report the incident and seek assistance for the fishing vessel.
UK Launches Free Online Course for Maritime Law
The UK Chamber of Shipping and its partners Addleshaw Goddard and the Law Society of Scotland have launched a free online introductory course in maritime law. The course, titled ‘Maritime Law: an Introduction to Shipping Transactions’, launches on Monday 30th October and will outline the unseen legal and transactional structures behind the shipping industry. The course is open to anyone looking to develop their understanding of maritime law or who has an interest in shipping and maritime trade.
Training for Spill Response in East Africa
The question of how to manage emergency preparedness and response in the oil and gas sector was on the agenda at a workshop in Zanzibar, United Republic of Tanzania (17-20 October). Participants from countries across the East Africa region gathered to highlight good practices in developing national preparedness and response systems, as well as how to improve understanding of risk assessments related to oil and gas development and potential impacts on environment.
Nimitz Carrier Strike Group Enters 7th Fleet
The aircraft carrier USS Nimitz (CVN 68) with embarked Carrier Strike Group (CSG) 11 and Carrier Air Wing (CVW) 11, and Destroyer Squadron (DESRON) 9 arrived in the U.S. 7th Fleet area of operations (AOO) Oct. 25, after concluding operations in U.S. 5th Fleet. While in 7th Fleet, the Nimitz Carrier Strike Group (NIMSG) is scheduled for a port visit and will be ready to support operations throughout the AOO before transiting back to their respective homeports.
ABS’ Wiernicki Delivers Keynote at SNAME Convention
Speaking at this year’s Society of Naval Architects and Engineers (SNAME) Annual Meeting and Expo in Houston, ABS Chairman, President and CEO, Christopher J. Wiernicki, detailed how the maritime industry’s “new norm” is characterized by sweeping and disruptive changes in technology, skill sets and leadership. “Normal means rapid and impactful change – it’s no longer business as usual,” Wiernicki said in his keynote address.
US Marine Sanctuary Oil Drilling Report Sent to Trump, Not Public
U.S. Commerce Department Secretary Wilbur Ross sent a report to the White House on Wednesday containing recommendations on whether to change the boundaries of 11 marine sanctuaries to allow more oil and gas drilling, but the report was not made public. Commerce reviewed sanctuaries containing 425 million acres of coral reefs, marine mammal habitats and pristine beaches, as part of an administration strategy to open new areas to oil and gas drilling.
Minor Lube Oil Discharge in Baltimore
U.S. Coast Guard and Maryland Department of the Environment personnel are investigating and overseeing cleanup of a lube oil discharge near Baltimore’s Inner Harbor Monday.
Foreship: A Guiding Design Light amid a Quagmire of Regulations
As the maritime regulatory regime evolves quickly, ship owners increasingly require guidance to help them navigate an ever-changing technical quagmire. Finland-based Foreship is a force in this regard. Finnish maritime prowess is legendary, particularly when it comes to the cruise ships and polar vessel sectors. Foreship aims to continue this legacy, an employee-owned company with a specialty in ship design and engineering.