MOL's Coal Carrier NAGARA MARU to Serve JERA Trading
Mitsui O.S.K. Lines (MOL) announced the delivery of the coal carrier NAGARA MARU, which will serve Singapore-based JERA Trading, was delivered at Imari Shipyard and Works of Namura Shipbuilding on November 17, 2017. The vessel, which was jointly developed by Namura Shipbuilding and MOL, is a state-of-the-art coal carrier with a wide-beam/shallow-draft configuration and wide range of advanced safety and energy-saving features.
Boston Carriers Completes Contract of MV Nikiforos
Boston Carriers announces that on October 2017, Nikiforos completed a spot voyage contract to transport approximately 33,000 tons of dry bulk cargo from South America to the Middle East. The contract contributed approximately 1,283,000 USD in the revenues of the Company. Nikiforos has transported approximately 183,000 tons of dry bulk cargo from the beginning of the year and until the date of completion of this voyage and has produced operating revenues of approximately 3…
Cooperation Key Among Maritime Universities
Cooperation between academic institutions is key in ensuring the next generation of maritime professionals is well prepared. In this spirit, International Maritime Organization (IMO)'s Juvenal Shiundu delivered a keynote address at the opening ceremony of the International seminar on mutual cooperation between IMO, World Maritime University (WMU) and Korea Maritime and Ocean University (KMOU) in Busan, Republic of Korea (11 November).
UK Shipping Seeks to Double Seafarer Training Fund
The UK Chamber of Shipping, with backing from 40 shipping companies, has this week written to the Secretary of State for Transport, Chris Grayling, asking the Government to double the amount of funding available for seafarer training as soon as possible. The letter was also sent to the Chancellor of the Exchequer, Philip Hammond and the Minister of State, Department for Transport, John Hayes. The UK Chamber…
Transporting Hazardous Substances by Ship
Transporting hazardous and noxious substances (HNS) by sea is a vital trade. Chemicals, LPG, LNG and other products are important to many manufacturing and energy processes and International Maritime Organization (IMO) regulations ensure their safe transport. However, when incidents do happen, IMO’s HNS Convention helps to ensure that those who have suffered damage have access to a comprehensive and international liability and compensation regime.
MPA Introduces Service Enhancements and Training
More than 4,600 ships flying the Singapore flag will benefit from service enhancements to be introduced from November 2017 by the Maritime and Port Authority of Singapore (MPA). Singapore-incorporated maritime companies will also receive assistance in the form of training on sustainability reporting. These initiatives were announced by Chief Executive of MPA, Mr Andrew Tan, at the Singapore Registry of Ships (SRS) Forum.
Cooperation for Oil Spill Preparedness in Africa
A regional conference of countries in west, central and southern Africa has committed to continue to work at both national and regional levels to boost preparedness to deal with oil spill incidents which could be devastating both for the marine environment and financially. The conference (6-9 November) in Abidjan, Côte d'Ivoire, was hosted by CIAPOL, the Ivoirian pollution control centre. It brought together industry and government focal points from 20 out of 22 west…
International Ship Repair Facility at Cochin Shipyard
The Minister of Shipping in India, Nitin Gadkari has said that Cochin is all set to become a global ship repair hub. He was speaking at Cochin, after laying the foundation stone for a INR 970-crore (USD 148 million) International Ship Repair Facility (ISRF) for Cochin Shipyard Limited. The facility is being built at Cochin Port Trust where CSL has leased out a 40-acre plot for the project. The International…
GulfMark Sails Out of Bankruptcy
GulfMark Offshore, Inc. said it has completed its financial restructuring plan and emerged from bankruptcy protection under chapter 11 of the U.S. Bankruptcy Code. The company’s court-approved reorganization plan went into effect November 14, 2017, and converts approximately $429.6 million of outstanding bonds into equity, and raises approximately $125 million of new equity capital. “GulfMark is now positioned as one of the best capitalized companies in the global offshore industry…
Stone Marine, NGC Marine Launch Joint Company
Propeller design and manufacturing company Stone Marine Propulsion has joined forces with NGC Marine of China to form a new supplier of propulsion solutions and marine gearbox equipment. The new U.K.
YANMAR Launches New Training Initiatives
YANMAR America has announced the launch of the YANMAR//ACADEMY and POWER//TRAIN following the recent opening of the EVO//CENTER, YANMAR America’s training and customer experience center headquartered in Acworth, Ga. Both initiatives provide an enhanced training experience focused on YANMAR’s dealerships, employees and customers. The YANMAR//ACADEMY consists of eight schools; six focused on dealer training, one on employee training and one dedicated to customer training.
New Coating Dispensing System
Sulzer Mixpac USA, Inc. has launched MIXPAC MixCoat Manual, a new member of its cartridge-based two-component dispensing system line. The lightweight MixCoat Manual protective coating dispensing system features a unique brush assembly on a manual dispenser, which increases stripe coating productivity and speed, the manufacturer said. The system is suited for repairs and rope work on offshore oil and gas, petrochemical, marine, and bridge repair applications.
US Oil Rig Count Steady this Week -Baker Hughes
U.S. energy companies kept the oil rig count unchanged this week, General Electric Co's Baker Hughes energy services firm said on Friday, as some analysts expect a gradual decline in overall rigs in the fourth quarter and in 2018. The rig count, an early indicator of future output, held at 738 in the week to Nov. 17, still much higher than 471 rigs a year ago as energy companies boosted spending plans for 2017 as crude started recovering from a two-year price crash.
Retlif: Ensuring the Future Today
Ensuring the future today . . . by supporting the U.S. Ensuring the future is an essential part of what a testing laboratory is all about. In fact, that concept underlies every EMC test and all the torturous Environmental Simulation testing that products undergo en route to compliance. Retlif Testing Laboratories, a leading independent EMC and Environmental Simulation testing organization founded in 1978…
Gazprom, Mitsubishi Corp. in Talks on LNG Cooperation
Gazprom said on Friday it had held talks with Japan's Mitsubishi Corp. on Friday about cooperation at the Russian gas giant's Sakhalin-2 liquefied natural gas (LNG) plant.
Sovcomflot Reports Loss for 9M 2017
PAO Sovcomflot (SCF Group) reported a $6.8 million loss for the first nine months of 2017, citing the adverse impacts of low spot market freight rates in the conventional tanker sectors. “This year has proven to be a very challenging period for the tanker industry and the situation now faced by many conventional tanker ship owners is especially severe,” said Sergey Frank, President and CEO of PAO Sovcomflot.
DNV GL: Standardization Can Aid Shipping's Digital Transformation
Classification society DNV GL has released a new position paper setting out the importance of standardization in enabling the growth of digital applications in the maritime industry. Drawing from the experiences gained from digital pilot projects focused on ship sensor data, the paper examines how standardization can enable the effective collection, storage, exchange, analysis and use of data, while contributing to improved data quality and sensor reliability.
Maersk Names New North American President
Veteran Maersk Leader, Omar Shamsie, becomes President of Maersk Line in North America. Maersk Line, the world’s largest container shipping company, announces the appointment of Omar Shamsie as the new president of Maersk Line in North America effective December 1st, 2017. His most recent position was president of Maersk Line Latin America & the Caribbean and before that president of Maersk Line Canada. Mr.
Deal for Floating LNG Powerplant in China
As the proliferation of LNG use spreads rapidly in the maritime and energy sectors, word from China is that Wison Offshore & Marine has signed an MoU with Shanghai Electric Power Generation Group…
Liebherr: New Manipulator for Offshore Cranes
The Liebherr offshore crane division has produced and delivered a new manipulator tool with a safety working load of 100 tonnes. Using this equipment is designed to extend the task range of the Liebherr offshore cranes. Liebherr designed a manipulator for its ram luffing knuckle boom crane series to ensure safe, efficient and reliable operation. The Manipulator 100 is able to be used with either hook or crossbar function.